The Fed and the Mortgage ‘Crisis’
By WILLIAM M. ISAAC
The meltdown in the subprime mortgage market has caused a great deal of turmoil in the financial markets and hardship for individual homeowners and financial institutions. It prompted the Federal Reserve to take unprecedented actions to support the markets, one of which raises very difficult public policy [...]

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Give Me Energy or Give Me Death!
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Dems ‘Oil’ Wet About Gas Prices
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The Free-Trade Paradox
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Blame Washington, Not Oil Companies
Energy: Senate Democrats, dragging executives from five major U.S. oil companies before them for a second day, say they’re alarmed by our “failed” oil markets. What they should be is ashamed.

After all, it’s mostly the fault of the Congress that we’re in this mess. True, the Big 5 announced profits of [...]

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The Death of Conservatism Is Greatly Exaggerated
By FRED D. THOMPSON
Recent congressional losses, President George W. Bush’s unpopularity, and bleak generic ballot poll numbers have conservatives fearing the “liberalization” of America – a move toward secularization, the growth of government, stagnation, mediocrity and loss of freedom.
Yet there is still a way to revive the conservative cause. [...]

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From Failure to Threat
The Metamorphosis of the Conservative Movement
By PAUL CRAIG ROBERTS
UC Berkeley tenured law professor John Yoo epitomizes the failure of the conservative movement in America. Known as “the torture professor,” Yoo penned the Department of Justice (sic) memos that gave a [...]

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Globalizers, Neo-Cons, or What?
The World After Bush
By MARK ENGLER
Picture January 20, 2009, the day George W. Bush has to vacate the Oval Office.
It’s easy enough to imagine a party marking this fine occasion, with antiwar protestors, civil libertarians, community leaders, environmentalists, health-care advocates, [...]

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Another Stimulus Package for the Pentagon
War Abroad, Poverty at Home
By PAUL CRAIG ROBERTS
The US Senate has voted $165 billion to fund Bush’s wars of aggression against Afghanistan and Iraq through next spring.
As the US is broke and deep in debt, every one [...]

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UN chief to visit quake ravaged China, death toll passes 55,000

Chinese survivors search for their belongings amongst the rubble of their collapsed home©AFP

DUJIANGYAN (AFP) – UN chief Ban Ki-moon will on Saturday visit China’s earthquake zone, the government said, as it warned rebuilding the area where more than than 55,000 died would take years.
Ban [...]

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