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Michael Hudson and Wolff On Debt and Recession

Michael Hudson and Richard Wolff discuss the theatrics of the debt debate in Washington and why debt does matter

No Place to Hide: Internet Tracking Probe Unveiled as New Smartphone Spy Scandal Unwinds

As Ketchum reported in his 2008 piece, three unnamed former intelligence officials told him that “8 million Americans are now listed in Main Core as potentially suspect” and, in the event of a national emergency, “could be subject to everything from heightened surveillance and tracking to direct questioning and even detention.”

Two US Drones for Misratah vs Russian Arms, Chinese Intel for Qaddafi

Hence the pair of armed drones which the US president decided Thursday to contribute to rebel strength in Misratah, the only town the rebels are clinging to in western Libya. The Predators are intended doubly to break Qaddafi’s siege of the town and destroy the Chinese electronic intelligence and weapons systems deployed around it. The NATO bombardment of a large ammunition dump near Tripoli on April 14 aimed at destroying the latest Chinese arms arrivals.

Silver Surges 5 Percent on Dollar, Gold at Record

The dollar index languished around its three-year low on Monday, with investors expecting further weakness as the upcoming Federal Reserves’ policy-setting meeting is likely to announce the continuation of low interest rates. The escalated violence in Syria and Yemen over the weekend also helped lift gold, seen as a safe haven during time of turmoil.

NATO Strike on Gaddafi's Tripoli Compound

NATO warplanes operating in Libya have targeted a building inside Libyan ruler Muammar Gaddafi’s compound in the capital Tripoli, witnesses said. Earlier, several explosions shook the center of Tripoli as NATO fighter jets flew over the city. Signals of Libya’s state TV have reportedly cut off after the blasts.

Pakistanis Rally Against Drone Strikes, Block NATO Supply Route

Pakistani cricket legend-turned politician Imran Khan addresses the crowd during a rally against the U.S. drone strikes in Pakistani tribal areas, Saturday, April 23, 2011, in Peshawar, Pakistan.

US to fund Internet activism in authoritarian countries

The aid comes as opposition protesters in countries such as Syria and Iran try to use such technology to communicate – despite heavy government reprisals and disruption of their online organizing.

USDA moves to let Monsanto perform its own environmental impact studies on GMOs

In other words, the industry plans to produce studies that find its novel products environmentally friendly, and fully expects the USDA to accept their assessments. Judge White had ruled that the USDA should be more rigorous in assessing the risks of new GMO crops, yet his decision seems to be having the opposite effect.

LIBYA: ALL ABOUT OIL, OR ALL ABOUT BANKING?

By Ellen Brown: If the Gaddafi government goes down, it will be interesting to watch whether the new central bank joins the BIS, whether the nationalized oil industry gets sold off to investors, and whether education and health care continue to be free. Several writers have noted the odd fact that the Libyan rebels took time out from their rebellion in March to create their own central bank – this before they even had a government.

One year since the BP oil spill: The environmental disaster continues

Marine biologist Samantha Joye of the University of Georgia in a recent interview with the Guardian. “The system is not fine. Things are not normal. There are a lot of very strange things going on—the turtles washing up on beaches, dolphins washing up on beaches, the crabs. It is just bizarre. How can that just be random consequence?”

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