Geithner says US credit rating safe despite debt – AP Forbes
– what else could he say? – BC
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has list – Seven US States worse off than PIIGS – Seven States of Energy Debt – by Gregor Macdonald – … I’ve identified seven large US states by four criteria that are sure to cause trouble for Washington’s political class at least for the next 3 years, through the 2012 elections. These are states with big populations, very high rates of unemployment, and which have already had to borrow big to pay unemployment claims. In addition, as a kind of Gregor.us kicker, I’ve thrown in a fourth criteria to identify those states that are large net importers of energy … – Gregor.us
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‘The Single Most Drastic Error in Policy in Modern History’ – Michael Panzner – PBS Newshour has posted a brief but fascinating interview with David Stockman, Director of the Office of Management & Budget during the Reagan era. … It was the single most, you know, drastic error in policy in modern history, going back to the 1930s. This was exactly the wrong thing to do. It’s destroyed any basis for fiscal discipline in the United States … – Financial Armageddon
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Why The Next Round Of Government Stimulus Will Only Make The Jobs Crisis Worse – Peter Schiff – … In the end, I fully expect the government to directly provide make-work jobs to the armies of the unemployed. This will accelerate the pace of private sector job destruction and make our economy even less productive than it is today … – Business Insider
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G-7 Pledges Action to Force Banks to ‘Bear the Cost’ of Failure – By Gonzalo Vina – Group of Seven finance ministers said that they will agree to common rules to force banks to pay for possible failures after the financial crisis saddled taxpayers with trillions of dollars in liabilities. – Bloomberg
Let’s go after the banksters? – reparations did not work in the Weimar Republic. – BC
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Phoenix food tax increase a sign of failure – Byron Schlomach – … Phoenix City Councilman Sal DiCiccio has pointed out that the average cost for a Phoenix city employee is $100,000, including all benefits. The average private sector total compensation in the Phoenix-Mesa area, according to the U.S. Bureau of Labor Statistics, is $54,100 — about half the Phoenix average. … – Goldwater Institute
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Texas Straight Talk – More Spending is Always the Answer – Ron Paul – Last week, the House approved another increase in the national debt ceiling. This means the government can borrow $1.9 trillion more to stay afloat and avoid default. It has been little more than a year since the last debt limit increase, and graphs showing the debt limit over time show a steep, almost vertical trend. It is not likely to be very long before this new ceiling is met and the government is back on the brink between default and borrowing us further into oblivion. – Congressman Ron Paul Blog







A 65-year-old Elk Grove Village man admitted in court Tuesday to allegations he inappropriately touched a 4-year-old girl over her clothes in 2008 under a plea deal in which he was sentenced to two years probation and a lifetime of registering as a sex offender.





TEHRAN, Iran — Iran began enriching uranium to a higher level on Tuesday, an acceleration of its nuclear program that was followed by a U.S. threat of a “significant regime of sanctions.”
A key figure in the Cook County patronage hiring scandal was sentenced Tuesday to 60 days in jail for an unrelated courthouse scuffle in Wheaton.
The leaders of Illinois’ public universities say they want the money the state has promised them.
I often wish the iPhone and iPod touch supported memory extension via external modules. It would make my old iPod touch much more useful, which I suppose is why Apple doesn’t allow it (it’s a good reason to buy a new one). Soon, you’ll be able to use external SD cards with your devices, though probably not in the memory expansion capacity I’ve been dreaming of.
A Wisconsin truck driver was indicted Tuesday for the murder of another trucker who prosecutors say argued with the victim on the CB radio before tailgating and pulling over to stab him to death on the Edens Expressway last month.
The state’s attorney’s office helped generate $4.2 million last year in revenue that will remain in Kane County, officials announced Tuesday.





