Monday, May 11, 2009

News Updates, 5/12

Some Notre Dame Seniors Say No to Graduation Because of Obama Speech
Because of Chairman MaObama's appearance and speech at Notre Dame this Sunday, some seniors will not attend their own graduation ceremony and instead join a University prayer service on the grounds at Notre Dame...

The Pope in Israel. Day One, Two Surprises [Chiesa]
The world was ready to pounce on him, over the most explosive questions: anti-Semitism, the war. But Benedict XVI did it his own way. He took two words from the Bible. With the first, he explained the conditions for peace. With the second, he illuminated the mystery of the Holocaust

Archbishop Rembert Weakland admits he's "gay"
Resigned in 2002 over a sex and financial scandal

Sheikh attacks Israel, Pope walks out
Palestinian accused Jews of murdering women and children

Pope takes on 'Mission Impossible' for Mideast peace
Pleads for resolution to Israeli-Palestinian conflict

Rabbi urges Pope to say Jews need not convert
'The Jewish people remain a people of God's covenant'

Pope Benedict condemns denial of Holocaust
Says cries of victims continue to reverberate

Pope to reach out to Palestinian Christians
Presence has dwindled to two percent of population

Rabbi: Pope's Holocaust speech offered no empathy
'There certainly was no apology expressed here'

Chicago priest flying American flag upside-down
Father Pfleger says he's protesting gun violence

Bomb explodes near revered Cairo church
Virgin Mary is believed to have appeared there in 1968

Benedict XVI makes second visit to a mosque
Dialogue with Islam characterized visit to Jordan

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Other Issues
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U.S. Will Pay $2.6 Million to Train Chinese Prostitutes to Drink Responsibly on the Job
(CNSNews.com) - The National Institute of Alcohol Abuse and Alcoholism, part of the National Institutes of Health, will pay $2.6 million in U.S. tax dollars to train Chinese prostitutes to drink responsibly on the job. “The purpose of the project is to try and develop an intervention program targeting HIV risk and alcohol use,” Dr. Xiaoming Li, the researcher conducting the program, told CNSNews.com. The grant, made last November, is one of several “international initiatives” sponsored by NIH.

Truck Tonnage Index at 7 Year Low
Truck tonnage fell in March to its lowest level in seven years, according to data from American Trucking Associations (ATA) cited in the May 4 print edition of Transport Topics.

Home Prices in U.S. Fall 14% as Banks Sell Foreclosed Houses
May 12 (Bloomberg) -- The median U.S. home price dropped 14 percent in the first quarter from a year earlier as banks sold repossessed homes

Obama’s Latest Radical at the Defense Department
On April 9th, op-ed columnist and Georgetown University law professor Rosa Brooks penned her final piece for the Los Angeles Times, the newspaper for which she had written on a regular basis since 2005. Her gig at the Times served as a nice steppingstone to a bigger and better professional frontier, namely her recent appointment by Chairman Hussein MaObama to be an advisor to Michelle Fluornoy, the U.S. Undersecretary of Defense for Policy. “At this moment in history,” Brooks gushes, “I can’t imagine anything more rewarding than being part of the new team that’s shaping U.S. policy.” Brooks’ credentials as a far-leftist are impeccable. For one, she is the daughter of author Barbara Ehrenreich, the Honorary Chairwoman of the Democratic Socialists of America who has lauded Karl Marx’s Communist Manifesto.

China’s Export Decline Worsens, Hampering Recovery
China’s export slump worsened in April, making it harder for the government to revive the world’s third-biggest economy. Overseas sales declined 22.6 percent to $91.94 billion from a year earlier, the official Xinhua News Agency said. Imports fell 23 percent.
[Rally on, boys & girls - buy, buy, buy!!! Recovery is here!]

Visteon May File Bankruptcy, Says Chrysler Not Paying its Bills

More police officers quitting in Gary

Swine flu spreading too fast to count, CDC says...
Swine flu is spreading so far and fast in the U.S. that state health officials may soon stop counting individual cases, a federal health official said Monday. The novel H1N1 virus accounted for 40 percent of flu viruses logged in the U.S. in the past week and helped propel an uptick in overall flu-like illnesses, said Dr. Anne Schuchat, a deputy director with the federal Centers for Disease Control and Prevention.

Fed Buys $3.51 Billion in Treasurys
The Federal Reserve Bank of New York bought $3.51 billion in Treasurys maturing between 2026 and 2039 on Monday. The buyback is part of the central bank's program to keep borrowing costs lower and spur economic activity. Dealers offered $10.426 billion to be purchased. Ten-year note yields (UST10Y: 3.28, -0.05, -1.6%) , which move inversely to prices, remained lower by 8 basis points to 3.21%. U.S. debt was supported by the Fed purchases and declining stock markets.

ZeroHedge: "Why I'm Freaking Out"
Insofar as this burgeoning Millennial Depression goes, I've noticed there are two sorts of people: Ones such as myself, obsessively following every blog and every chart and chasing after every little Bloomberg article like a starving hunter in an African veldt chasing down every little rodent with a spear, and others who vaguely know that there's a crisis going on but who are pretty much buying the stock markets' rise and the mainstream media's line that "Green shoots are sprouting, and everything will soon be back to normal."

California heading towards collapse, auditor warns
On the eve of a series of referendums proposed to increase taxes on Californians, the Golden State’s legislative budget analyst warns that both the legislature and the governor have seriously underestimated the budget shortfall. The state has a $23 billion gap even after the legislative compromise earlier this year supposedly eliminated the red ink and could default by July...

Decoupling From Reality
We've digested the so-called "stress tests" for now with nary a burp and in a few weeks General Motors will step into the dark cave of bankruptcy. All the ancillary businesses linked to the US car-makers face contraction and annihilation....At the moment, there is tremendous hoopla and jubilation over the start-up of so many "shovel-ready" highway projects around America -- as if what we need most are additional circumferential freeways to enhance the Happy Motoring lifestyle. How insane are we? Is this the only thing we know how to do? I remain confident that the months ahead will introduce the American public and our leaders to a range of horrors that will begin to penetrate our addled collective imagination...


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Welcome to the New Amerika - "Chains you can believe in"

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