Karl Marx Would Be Proud of Bush, Paulson, Congressional Democrats, and Wall Street
There is a fantastic op-ed out on the Financial Post Website that really puts this prospective socialist bailout in perspective:
In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal [...]
Russian Ultimatum: Choose Us or Georgia
Hmm, why isn’t Russia using the diplomatic tone it has so often accused the U.S. of not taking? The answer should be pretty obvious: Russia and Putin only believe in diplomacy when one of their interests is at stake.
Here’s an excerpt on the story from CNN.com:
Russia pressed the United States on Wednesday to choose [...]
U.S. Border Patrol Agent Held at Gunpoint by Mexican Military
There is a very disturbing story in The Washington Times:
A U.S. Border Patrol agent was held at gunpoint Sunday night by members of the Mexican military who had crossed the border into Arizona, but the soldiers returned to Mexico without incident when backup agents responded to assist.
Agents assigned to the Border Patrol station at Ajo, [...]
Tyson Foods Replaces Labor Day with Muslims Eid al-Fitr
Here’s a little underreported story you might be interested in:
Food workers at the Shelbyville, Tenn., plant for Tyson Foods, which boasts on its corporate website that it strives “to honor God,” will have time off for Eid al-Fitr, the Muslim holiday closing the month of Ramadan, instead of the American tradition Labor Day.
Officials with the [...]
Michael Medved: An Example of What’s Wrong With Republicans
I don’t listen to Michael Medved and I only occasionally read his articles on Town Hall, one of his recent articles about the historical constituents of third parties in this country really hacked me off, particularly the last paragraph:
Despite the abject failure of all the “anti-Masonic” agitators, in the last 180 years we’ve remained obviously [...]
Record U.S. Budget Deficit: More Good News for China
Government dollars anyone? There is plenty of money to go around, at least according to the latest budget:
The White House on Monday reported a projection for a $482 billion budget deficit for the budget year ending in September 2009, a number that would be the highest number recorded.
Senior administration officials downplayed the impact of the [...]
Sovereign Wealth Funds Dumping U.S. Dollar Holdings
This is arguably the most important story of the week along with the socialist bailout of Fannie and Freddie.
From the Financial Times:
One big sovereign fund in the Gulf has cut its dollar-denominated holdings from more than 80 per cent a year ago to less than 60 per cent, while China’s State Administration of Foreign Exchange [...]
Kuwait Sovereign Wealth Fund Purchases Share of Citigroup and Merrill Lynch
More Arab wealth is headed to the United States. This time it’s coming from a sovereign wealth fund in Kuwait.
Abu Dhabi Sovereign Wealth Fund to Buy New York City’s Chrysler Building
We wrote earlier in the week about the influence and impact of sovereign wealth funds and lo and behold, one based out of Abu Dhabi is set to purchase New York City’s famed Chrysler building.
U.S. Stops Following Money Foreign Money Trail
Unless you’re a globalist, a liberal, or aloof, that headline should should concern you.
That is the title of a new piece out by Dr. Jerome Corsi at WorldNetDaily.com.