Politics, Legislation and Economy – Saturday March 3rd, 2012

March 3, 2012 by desertrose  

Politics and  Legislation

McConnell vows full-fledged assault on health law amid threat to his leadership

By Julian Pecquet and Alexander Bolton – 03/01/12 06:42 PM ET

http://thehill.com/blogs/healthwatch/health-reform-implementation/213743-mcconnell-vows-full-fledge-assault-on-health-law-amid-conservative-threat-to-his-leadership

Top Dem on House Approps committee announces retirement

By Russell Berman – 03/02/12 11:25 AM ET

http://thehill.com/blogs/ballot-box/house-races/213819-rep-norm-dicks-announces-retirement

Watch Andrew Breitbart’s Fiery CPAC Speech: I Have ‘College Days’ Obama Videos

by James Crugnale | 8:58 am, March 1st, 2012

http://www.mediaite.com/tv/watch-andrew-breitbarts-fiery-cpac-speech-i-have-college-days-obama-videos/

Economy

The trillions the government doesn’t account for

http://www.washingtonpost.com/opinions/the-trillions-the-government-doesnt-account-for/2012/02/17/gIQABgdZlR_story.html

Saudi Officials Deny Reports Of Pipeline Explosion After Crude Oil Hits $110, But We Have Photos That Could Tell A Different Story

http://articles.businessinsider.com/2012-03-01/markets/31115532_1_pipeline-area-qatif-price-of-oil-shot#ixzz1o21xvmKO

German prosecutors launch 80 raids in insider probe

http://uk.reuters.com/article/2012/03/01/uk-germany-raids-idUKTRE8201NK20120301

Americans Will Need “Black Markets” To Survive

http://www.alt-market.com/articles/606-americans-will-need-black-markets-to-survive

Federal Reserve Banker Fraud Exposed In The Mainstream

http://www.alt-market.com/articles/605-federal-reserve-banker-fraud-exposed-in-the-mainstream

Mass Resignations Of Major Bankers And Political Figures- Economic Financial Collapse?

http://beforeitsnews.com/story/1838/087/NL/

Oil Companies Earn Billions While Americans Pay More

By Daniel J. Weiss, Jackie Weidman and Richard W. Caperton
http://www.nationofchange.org/oil-companies-earn-billions-while-americans-pay-more-1330707050

Plan for an economic 9/11′: Analysts warn Americans to buy guns and gold, predicting market crash and street riots within a year

http://www.dailymail.co.uk/news/article-2107315/Market-crash-street-riots-year-Americans-plan-economic-9-11.html

Wall St slips but S&P up for 3rd straight week

http://finance.yahoo.com/news/stock-index-futures-point-lower-103407679.html

How Gold rises above $5000 per Ounce but is only Worth 500

ByJohn Galt – March 1, 2012

http://johngaltfla.com/wordpress/2012/03/01/how-gold-rises-above-5000-per-ounce-but-is-only-worth-500/

Fannie and Freddie drop the ball

Mortgage write-downs have been rejected by Fannie Mae and Freddie Mac. That decision hurts borrowers, their neighbors and taxpayers.

http://www.latimes.com/news/opinion/opinionla/la-ed-foreclosure-20120301,0,4557762.story

Stockton could become biggest city to goStockton

Stockton council votes for mediation; city could become biggest in US to go bankrupt

http://finance.yahoo.com/news/stockton-could-become-biggest-city-062559370.html

European funding sows seeds of next crisis

http://www.marketwatch.com/story/european-funding-sows-seeds-of-next-crisis-2012-03-02?link=MW_latest_news

RBS raises mortgage rates as Halifax prepares to follow suit

Millions of financially stretched households are likely to lose the lifeline of low interest rates keeping them afloat, mortgage experts warned after the Halifax prepared the ground for a rise in mortgage rates and RBS announced an increase.

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/9118253/RBS-raises-mortgage-rates-as-Halifax-prepares-to-follow-suit.html

Spain planning to breach EU budget targets, warns prime minister Mariano Rajoy

Spain is already planning to breach its budgetary targets, defying European leaders on the day they signed their historic fiscal pact.

http://www.telegraph.co.uk/finance/financialcrisis/9119376/Spain-planning-to-breach-EU-budget-targets-warns-prime-minister-Mariano-Rajoy.html

Taxpayers’ ‘bad bank’ repossesses nearly 9,000 homes

Britain’s taxpayer-backed “bad bank” repossessed nearly 9,000 homes in 2011 as its profits more than doubled, allowing it to repay £2.1bn in loans to the government.

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9118489/Taxpayers-bad-bank-repossesses-nearly-9000-homes.html

Oil price rise a bigger threat to global economy than Greece, says HSBC

The runaway oil price has overtaken fears of a Greek sovereign debt default as the biggest threat to the global economy, according to HSBC.

http://www.telegraph.co.uk/finance/oilprices/9119431/Oil-price-rise-a-bigger-threat-to-global-economy-than-Greece-says-HSBC.html

BP reaches £4.9bn Gulf oil spill deal

BP has reached a £4.9bn ($7.8bn) deal with thousands of people hit by by the oil giant’s Gulf of Mexico oil spill disaster.

http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/9120462/BP-reaches-4.9bn-Gulf-oil-spill-deal.html

Citigroup Chairman Parsons stepping down

http://finance.yahoo.com/news/citigroup-chairman-parsons-stepping-down-003540131.html;_ylt=Auc7NokErY10r0aEezEexSqiuYdG;_ylu=X3oDMTQ0bGllaGpiBG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yeSBSaWdodARwa2cDNDMwMTBmMjMtMWUwNC0zNDJiLTk4ZWQtNWUxMDUxNTY2MDMzBHBvcwMyBHNlYwN0b3Bfc3RvcnkEdmVyAzAyOTIxZTAwLTY0YzktMTFlMS1iZmJiLTM5ZjkzN2IxZjk1Yw–;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

Credit Suisse to face National Century fraud case

http://finance.yahoo.com/news/credit-suisse-face-national-century-213850783.html;_ylt=An5vPMLMjfXkPBcs3k.CL_.iuYdG;_ylu=X3oDMTQ0N2RncWNiBG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yeSBSaWdodARwa2cDZTIyMTNkZTYtNGFmZC0zOGJkLThkOGQtMTBhZjQ1OGVmNTFlBHBvcwMzBHNlYwN0b3Bfc3RvcnkEdmVyAzRlYjIzN2IwLTY0YmItMTFlMS1iYmZmLWY5NWQ5MGM2NmM5Mw–;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

Morgan Stanley banker charged with hate crime

http://finance.yahoo.com/news/morgan-stanley-banker-placed-leave-163156246.html;_ylt=AoO6oQkabbsAMyzHGHhYbjCiuYdG;_ylu=X3oDMTQ0MXRjN2hlBG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yeSBSaWdodARwa2cDN2UzOTBhODUtNWJmYy0zMDY1LTg2YzUtMTU5NDllYjRlY2FhBHBvcwM3BHNlYwN0b3Bfc3RvcnkEdmVyAzc0MDA5M2UwLTY0YTItMTFlMS1iZmZkLTU0YzM3ZTcxZTJkNA–;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

Wars and Rumors of War

U.S. Threatens Pakistan: Drop Iran Pipeline

http://blogs.wsj.com/indiarealtime/2012/03/01/u-s-threatens-pakistan-drop-iran-pipeline/?mod=google_news_blog

Obama reaffirms policy toward Israel ahead of Netanyahu meeting

By Amie Parnes – 03/01/12 07:29 PM ET

http://thehihttp://www.haaretz.com/news/diplomacy-defense/u-s-has-military-plan-should-iran-conflict-erupt-says-air-force-chief-1.415734ll.com/blogs/defcon-hill/policy-and-strategy/213751-obama-reaffirms-policy-toward-israel-ahead-of-netanyahu-meeting

U.S. has military plan should Iran conflict erupt, says air force chief

http://www.haaretz.com/news/diplomacy-defense/u-s-has-military-plan-should-iran-conflict-erupt-says-air-force-chief-1.415734

Ex Senators Say Saudi Arabia May Be Linked to 9/11

http://abcnews.go.com/Blotter/senators-saudi-arabia-linked-911/story?id=15827925#.T1GwQLQycdR

‘Qatar, KSA seek bloodshed in Syria by arming rebels’

http://www.presstv.ir/detail/229310.html

NSA Power Grab: New Legislation Would Give It Broad Powers To Spy On ‘Critical’ Private Networks

http://www.techdirt.com/articles/20120229/17512717918/nsa-makes-its-power-play-to-spy-key-private-networks-pretending-that-only-it-can-protect-everyone-attack.shtml

Libyan Gov’t to Give $100M to Syrian Rebels

The Libyan government – formerly Libya’s opposition forces – says it will give $100 million in food and medicine to Syria’s rebel forces.

http://www.israelnationalnews.com/News/News.aspx/153330#.T1G4PrQyega

Ireland Signs Controversial ‘Irish SOPA’ Into Law; Kicks Off New Censorship Regime

http://www.techdirt.com/articles/20120229/13541517916/ireland-signs-controversial-irish-sopa-into-law-kicks-off-new-censorship-regime.shtml?utm_source=dlvr.it&utm_medium=twitter

Obama says he’s not bluffing on Iran nukes

By Joe Sterling, CNN

updated 8:48 PM EST, Fri March 2, 2012

http://www.cnn.com/2012/03/02/politics/obama-iran-israel/

Israel confirms plans to test missile system as Obama meeting looms

First test of Arrow 3 interceptor system intensifies speculation Israel is planning for military confrontation with Iran

http://www.guardian.co.uk/world/2012/mar/02/israel-plans-test-missile-system-obama-talks?newsfeed=true