A report released Thursday finds that all 18 firms lining up for tens of billions in US-backed loans for new nuclear power plants would use overseas jobs to build most of them.

Nuclear power opponent…

By Mark Seibel (9 Jul 10)

Washington – In a dramatic turn of events, the Obama administration has given BP the go-ahead to remove the containment cap atop the runaway Deepwater Horizon oil well and r…

BEIJING (AP) — A Chinese firm that aims to compete with Western rating agencies declared Washington a worse credit risk than Beijing in its first report on government debt Sunday amid efforts by Chi…

By Richard Winton

The Swiss government’s decision not to extradite Roman Polanski to Los Angeles means the famed director can now travel freely in Switzerland as well as France, where he has citize…

By C. Powell

Dear Friend of GATA and Gold:

The Wall Street Journal this evening updated and corrected its report about the gold swaps undertaken by the Bank for International Settlements, disclosi…

By James Kanter

After decades of pushing nations to surrender more power to Brussels, the European Union is about to throw in the towel on one highly contentious issue: genetically modified foods.
…

By Jesse

These swaps have significance because of the speculation that the public sale of gold by the IMF, which was secretive and selective, was not a legitimate sale to raise funds, but a means o…

By Jessica Resnick-Ault and Katarzyna Klimasinska

BP Plc is likely to intercept its Gulf of Mexico gusher this month, ahead of schedule, kicking off a “kill” process that may take as little as …

Continue reading Meredith Whitney: The Rebound In Consumer Spending Is Just The Result Of People Not Paying Their Mortgages

Dear Jim,

Allow me to chime in here and bolster your comments to CIGA Arlen.

First and foremost, what your readers need to understand is that no one who has a loan secured by a mortgage on his hom…

By Michael Powell

Even by the standards of this deficit-ridden state, Illinois’s comptroller, Daniel W. Hynes, faces an ugly balance sheet. Precisely how ugly becomes clear when he beckons you in…

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I am flying to London this week; returning early next week. This Friday, I will join wonderful clients and friends to see Nick’s Stafford’s play, War Horse.  This is something I have wan…

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Continue reading BP Financial Limbo Dance

By David Kocieniewski

When the Deepwater Horizon drilling platform set off the worst oil spill at sea in American history, it was flying the flag of the Marshall Islands. Registering there allowed th…

By Clifford J. Levy

On the edge of this Siberian village is a resort with a veiled guest list and armed guards at the front gate. When local officials have expressed unease about what goes on insid…

By Janet Lorin

As much as higher education and corporate America would like to be engaged, college presidents are struggling to reconcile the demands and values of academia with shareholder skepticis…

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Continue reading The Bigger And Bigger Picture

BP Plc is seeking a strategic investor to secure its independence in the face of any takeover attempts as it struggles with a devastating oil leak in the Gulf of Mexico, newspapers said Sunday.

Brita…

“In a global economy when you lower the cost of capital and rig resources for insiders, a severe misallocation of capital results. This has been occurring for decades. As a result, we have a world…

Michael Fields Agricultural Institute, a nonprofit agricultural service provider, is looking for a new director.

The Institute seeks a leader who has the skills and passion for internal and externa…

By Zach Carter

Today, Goldman Sachs sent its second-highest-ranking officer to Washington, D.C. to tell the Financial Crisis Inquiry Commission that his company is staffed and managed by complete i…

By: CNBC.com

Goldman Sachs’ testimony before the Financial Crisis Inquiry Commission Thursday spurred skepticism and frustration among commission members when the investment bank claimed it doesn’t…

By Vincent Fernando, CFA and Kamelia Angelova

Continue reading Russia Is On A Crazy Gold Binge

Wireless technology: It is already possible to send electricity without wires. Can devices be powered using ambient radiation from existing broadcasts?

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Continue reading Power From Thin Air

By Michael A. Fletcher

The recession has directly hit more than half of the nation’s working adults, pushing them into unemployment, pay cuts, reduced hours at work or part-time jobs, according to a…

By Louise Story and Gretchen Morgenson

At the end of the American International Group’s annual meeting last month, a shareholder approached the microphone with a question for Robert Benmosche, th…

By Mike Stobbe

About a quarter of the swine flu vaccine produced for the U.S. public has expired — meaning that a whopping 40 million doses worth about $260 million are being written off as trash…

By Tyler Durden

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Continue reading Explaining Derivatives, And Goldman’s Dominance Thereof, In Four Simple Charts

The Financial Crisis Inquiry Commission wrapped up their first day of testimony on the “The Role of Derivatives in the Financial Crisis.” Today’s hearing had testimony with current and former …

By Caroline Salas

Federal Reserve Chairman Ben S. Bernanke and then-New York Fed President Timothy Geithner told senators on April 3, 2008, that the tens of billions of dollars in “assets” the …

Friends,

The House is expected to vote on final passage of the financial reform bill this evening. I will vote no.

This bill represents a significant opportunity lost by the Congress. We could hav…

By Joe Mysak

A South Carolina toll road’s Chapter 9 filing last week is just the third municipal bankruptcy this year, suggesting that states and municipalities may be emerging from the recession.
…

View larger chart. . .

While President Obama insists that the federal government is firmly in control of the response to BP’s spill in the Gulf, people in coastal communities where I visited last week in Louisiana and Ala…

By: John Laughland

Throughout the history of European integration, its supporters have often used transport metaphors to sell their project.

In the 1960s, Europe was a bicycle which had to keep mo…

By Jennifer Ouellette

Take that, Fermilab! This seems to be the underlying message of yesterday’s BBC News article announcing that CERN’s Large Hadron Collider (LHC) in Switzerland has smashed the …

By Gregory White and Kamelia Angelova

Continue reading The Sovereign Debt Crisis Snuck Up On Us Out Of Nowhere

The Federal Aviation Administration (FAA) has granted initial approval for a “roadable aircraft” known as the Transition.

The flying car – which is manufactured by the Massachusetts-based Terrafugia …

By Richard Teitelbaum

Greg Palm, Goldman Sachs Group Inc. general counsel, took a call in his 37th-floor office at One New York Plaza on Dec. 16, 2008. It was his old boss, Stephen Friedman, a form…

U.S. Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler appears to be on verge of achieving a big victory in his battle to impose stricter position limits on major energy futures cont…

By Fidel Castro

When I was writing one of my previous reflections, as a disaster for humanity was rapidly approaching, my greatest concern was to fulfill the elemental duty of informing our people….

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Continue reading When Giants Fall

Related reading:

US Imposes New Sanctions Targeting Iran’s Energy And Financial Sectors
The Economic Times (26 June 10)

Catherine Austin Fitts’ Blog …

By Michael Snyder

Are you sure that you want to help clean up the oil spill in the Gulf of Mexico?  In a previous article we documented a number of the health dangers from this oil spill that m…

By Kari Goodnough – Devastating Beauty – June 2010
“Oil off the Coast of Alabama”

Since shortly after oil began spewing into the Gulf of Mexico two months ago, relief wells have been discussed as th…

A leading Mexican gubernatorial candidate was killed early Monday in a state bordering Texas, in the highest-level assassination of a politician here since President Felipe Calderón declared war on…

By Alexa Olesen

China, Taiwan sign trade deal further linking their economies 6 decades since split

A historic trade deal between China and Taiwan will ease 60 years of hostility and push their ec…

By Poornima Gupta

Electric carmaker Tesla Motors Inc(TSLA.O) priced shares in its initial public offering above the expected range on Monday, according to a market source.

The company, known for i…

Continue reading Transcript

By Dean Baker

New York Times columnist Thomas Friedman is well known for pretentious columns that consist of letters that he suggests some prominent person write. I licensed Friedman’s literary too…

[click on the image for a larger version]

Continue reading the article . . .

Related reading:

Wikipedia: SLM Corporation

Website: SallieMae

By Rachelle Younglai and Kevin Drawbaugh

U.S. Democrats on Tuesday went back to the drawing board as they considered stripping out a controversial tax from their landmark financial-reform bill in ord…

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By Alan Abelson

The bulls are ignoring the economic realities.

Some Good Samaritan—or if there wasn’t one handy (they’re pretty scarce in Afghanistan), just about anybody at Goldman Sachs would …

Justices rebuff Chicago, which defended ban as reasonable exercise of local power

The Supreme Court held Monday that Americans have the right to own a gun for self-defense anywhere they live, expan…

By C. Powell

Russian spies in the United States whose arrest was announced Monday last year conveyed information about the gold market that the Russian security service considered “very valuable” a…

By Doug Alexander

The Group of 20 countries said banks need to raise capital “significantly higher” in order to avoid a repeat of the global financial crisis, while giving lenders more flexibil…

By Christine Harper

Legislation to overhaul financial regulation will help curb risk-taking and boost capital buffers. What it won’t do is fundamentally reshape Wall Street’s biggest banks or p…

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Continue reading Indebtedness After The Financial Crisis

A living history is a history that turns the pupil from student to player.

To rise from the level of pupil to player requires looking into our collective shadow, letting go of the official myths and …

By C. Powell

Thanks to our friend W.G. for pointing out a fascinating article written for Harper’s magazine in November 1983 about the Bank for International Settlements by the veteran journalist Edw…

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A look at successful Mormon business leaders, with CNBC’s Erin Burnett.

Continue reading Mormon Mission Biz

By Andrew Pollack

The Food and Drug Administration is seriously considering whether to approve the first genetically engineered animal that people would eat — salmon that can grow at twice the no…

As always, there are lessons to be learned in even the most negative situations, and here are nine lessons from this one.

1. An event hundreds of miles away can directly impact your life.
Initially, …

By Gregory White and Kamelia Angelova

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Continue reading We’re Not The First Empire To Have A Serious Currency Problem

By C. Powell

Because of recent inquiries to GATA about the possibility of an attempt by the U.S. Government to confiscate privately held gold and silver bullion and coins and shares in companies mi…

By Tyler Durden

As we reported on Friday, a critical bill that was unable to pass this past week was the extension of unemployment benefits to millions of Americans currently collecting a $1,200 aver…

In his occasional paper THE RETURN TO GOLD 1925 , Cambridge University scholar, Donald E. Moggridge, tells us that it was Sir Isaac Newton, who, back in 1717, set the price of gold at 77 shillings 1…

On Eve of 1st Anniversary of King of Pop’s death LaToya Jackson says he was killed for Cash.

Michael Jackson was murdered to gain control over his music catalog his sister LaToya Jackson has charge…

By Joel Salatin

I’ll never forget the morning, about twenty years ago, when a knock at the front door brought me face-to-face with a man who announced he was from the Virginia Meat and Poultry In…

By Denise Smith Amos and Mike Boyer

‘This is devastating,’ school official says of company’s plan to cut $40 million in property taxes.”

Southwest Ohio school districts said they have recently rec…

Republicans on Thursday defeated Democrats’ showcase election-year jobs bill, including an extension of weekly unemployment benefits for millions of people out of work more than six months.

The 57-…

Saudi Arabia has conducted tests to stand down its air defences to enable Israeli jets to make a bombing raid on Iran’s nuclear facilities, The Times can reveal.

In the week that the UN Security …

A prominent US economic and banking expert has portrayed a grim outlook for the world’s most powerful economy, saying the “crony capitalism” runs rampant in the US.

Writing in the Wall Street Journ…

For the first time, researchers have been able to control the remarkable ability of an electron to exist in two places at once and that too in the most common electronic material, silicon-a feat tha…

…our friends at Nanex have conducted an exhaustive analysis (must read for everybody concerned about market structure), in which they identify the various parties responsible for the market crash…

By Shobhana Chandra and Timothy R. Homan

Purchases of U.S. new homes fell in May to the lowest level on record after a tax credit expired, showing the market remains dependent on government support…

By Joe Mysak

The bonds designed by the U.S. government to help municipalities recover from the worst recession since the Great Depression may cost them millions of dollars in unforeseen borrowing c…

As much as 1 million times the normal level of methane gas has been found in some regions near the Gulf of Mexico oil spill, enough to potentially deplete oxygen and create a dead zone, U.S. scientist…

By Vincent Fernando, CFA and Kamelia Angelova

Continue reading Hugo Chavez Defeats American Capitalism

Cell phones emit radiation to send voice and text messages to the other caller. Health risks aren’t confirmed, but some (not all) studies of frequent cell phone users suggest increased risks for bra…

By Joseph Galante

Amanda Dorsey has spent dozens of hours categorizing search results on eBay, verifying search-engine links and doing other online jobs for CrowdFlower Inc., a San Francisco employ…

By Andrew Fowler

WikiLeaks co-founder Julian Assange has given his strongest indication yet about the next big leak from his whistleblower organisation.

There has been rampant speculation about Wi…

By Kirsty Walker and Jason Grove

VAT to rise 2.5% to 20% from January 2011
Deficit reduced 77% by spending cuts, 23% by tax rises
Departments face cuts of 25% over the next five years
Two-ye…

By   Michael Hastings

This article appears in RS 1108/1109 from July 8-22, 2010, on newsstands Friday, June 25.

‘How’d I get screwed into going to this dinner?” demands Gen. Stanley McChrystal. It…

By Denis C. Theriault

A new report on who supplies — and who spends — California’s public dollars shows an interesting disparity between the givers and the takers:

Continue reading Report: Bay…

By Christie Keith

Sido was a little tan-and-white dog, mixed-breed, pretty, charming and devoted to her owner. Not that different, maybe, from the dog lying at your feet while you read this.

You m…

The Supreme Court lifted Monday a four-year ban on the sale in the United States of genetically modified alfalfa, which farmers fear contaminates others crops.

A district court judge in California …