What I’m ReadingPosted by Randy | November 13, 2009
The Obama administration, under pressure to show it is serious about tackling the budget deficit, is seizing on an unusual target to showcase fiscal responsibility: the $700 billion financial rescue.
It’s one of the most basic, kitchen-table questions of the entire reform debate: Would the sweeping $900 billion overhaul actually lower spiraling insurance premiums for everyone? No one really knows.
The aging veterans gingerly walk from the plane in the nation's capital. Some get pushed in wheelchairs. A brass band strikes up World War II era tunes. Strangers rise to their feet and clap their hands. "Why are they doing this?" says Frank Bales, 86, a co-pilot on a B-24 during World War II. "I feel as humbled as a mouse."
Last month, India purchased 200 tons of gold at $1,045 an ounce, before the price topped $1,108 on Monday. China, too, may increasingly diversify from paper -- i.e., bonds -- into gold, the price of which, some experienced investors believe, could soar to $2,500 an ounce in three to five years. One reason for all this is U.S. behavior.
China is significantly boosting its capabilities in cyberspace as a way to gather intelligence and, in the event of war, hit the U.S. government in a weak spot, U.S. officials and experts say. Outgunned and outspent in terms of traditional military hardware, China apparently hopes that by concentrating on holes in the U.S. security architecture -- its communications and spy satellites and its vast computer networks -- it will collect intelligence that could help it counter the imbalance.
Warming: After stifling a report questioning the science behind climate change, the EPA is censoring two of its lawyers for saying the proposed solutions are also problematical. The debate isn't over. It's being suppressed.
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