Economy

(BBC) – Japan PM Naoto Kan warns of ‘collapse’ under debt pile

Japan is at “risk of collapse” under its huge debt mountain, the country’s new prime minister has said. Read More Here

(NAlert) – ObamaCare’s 150 New Government Agencies – Read More Here

(DowJones) – 2nd UPDATE: Milan Judge Adjourns Derivatives Trial To June 23

A Milan judge adjourned Wednesday a landmark derivatives trial against four international banks accused of fraudulently selling derivatives on a bond by two weeks to June 23.

Judge Oscar Magi, who recently took over the proceedings, also ruled that several parties including dozens of consumer … Read More Here

(NYTimes) – Uncertainty Restores Glitter to an Old Refuge, Gold

It is the resurgent passion of the doomsday crowd, a bet that everything will go wrong. No matter what has you worried, they say, the answer is gold. Read More Here

(CNNMoney) – Vermont to seniors: Return those $250 checks

The federal government is mailing $250 Medicare rebate checks this week, but Vermont is asking its seniors to send the money back to the state. Read More Here

(June 11) – Video: Bob Chapman’s Friday 6/11/2010 Economic Report on Alex Jones Tv

Bob Chapman of The International Forecaster checks in with his regular Friday economic news update. Alex covers the news and takes your calls. Continue reading

MSM: Teenager invents £23 solar panel that could be solution to developing world’s energy needs … made from human hair

(DailyMail) – A new type of solar panel using human hair could provide the world with cheap, green electricity, believes its teenage inventor. Continue reading

Major ruling against Ashcroft highlights evils of preventive detention

Yesterday — in a very significant decision (.pdf) written by Bush-43-appointed federal judge Milan Smith and joined by a Reagan-appointed judge — the Ninth Circuit Court of Appeals allowed a lawsuit to proceed that was brought against John Ashcroft for the illegal and unconstitutional detention of American Muslims. Continue reading

Japan secretly trying to divest out of their US debt?

From the original article:

Two Japanese nationals were detained by Italian financial police last week after trying to enter Switzerland with $134 billion worth of undeclared U.S. bonds, mostly Treasury bonds, an Italian daily said Wednesday. Continue reading

MSM: Pollution Can Change Your DNA in 3 Days, Study Suggests

(NatGeo) – Breathing in polluted air may wreak havoc on our DNA, reprogramming genes in as few as three days and causing increased rates of cancer and other diseases. Continue reading