U.S. to give Libyan Rebels $1.5 million, Germany pushes for UN to give Rebels cash, could mean Rebels are broke and will fall apart without being paid

President Obama is giving Libyan rebels $1.5  million in frozen Libyan funds.  At the same time Germany is demanding that the United Nations give the rebels funds that were frozen under the UN sanctions.

Germany is also going to issue rebels a huge $140 million loan, within days.

What this means is the fragile Libyan rebel […] Continue Reading…

What Economic Recovery? Moody’s downgrades Japan’s credit rating, says government is incompetent

Moody’s downgraded Japan, from double A2, to double A3.  Moody’s cited continuing government budget problems, huge government debt, and government incompetence.

One of the signs of government incompetence is what has become a revolving door of government agencies and leaders.  The latest change is that Prime Minister Naoto Kan has resigned, effective by the beginning […] Continue Reading…

Water poisoning causes confusion among Rebels, China says NATO must not be involved with post Gaddafi Libya

China’s Foreign Minister says the United Nations, not U.S. led NATO,  should lead post-war efforts in Libya.  He added that China will help rebuild the country, but only if the UN is in charge.

Rumors of poisoned water in Tripoli, has rebels confused.  A BBC reporter said he overheard rebels arguing about whether the water […] Continue Reading…

Canadian citizen says Rebels trying to kill him, Canadian goverment says too bad!

“Given the volatile security situation, the Canadian Embassy in Tripoli has suspended operations until further notice.”-Canadian government statement

A man from Ottawa, Canada, says Libyan rebels are threatening to kill him.  Mahdi Nazemroaya, an independent journalist working for Russian and Arab media, is holded up in the Rixos Hotel.

His mother has been begging Canadian officials […] Continue Reading…

Foreign reporters still under attack by Libyan Rebels, U.S. Navy intercepts SCUD, CNN reporter wants out!

Reporters still holed up in the Rixos Hotel, in Tripoli, say the hotel is still under attack by Rebels.  That’s because the area is still under the control of the Libyan government.  It seems the rebels have not taken Tripoli after all.

CNN’s Matthew Chance said this about the situation: “Just had confirmation that a […] Continue Reading…

What Economic Recovery? One Idaho city wants to give itself a raise, taxpayers say Bull Crap! City does it anyway, increases property taxes!

The city of Chubbuck gave city employees a raise in salary and benefits, at the expense of property owners.  Property taxes were increased 2%.

Residents had told city officials no way!  Not when so many taxpayers have seen their incomes go down, and many don’t have health insurance.

One resident even suggested an end of year […] Continue Reading…

What Economic Recovery? Dairy industry asking government for new industry “welfare” programs, as state governments slash and burns Food Stamps for families

The national average for a gallon of milk is about $4.00.  Many people in the dairy business say they’re losing money because people can’t afford to buy the product. They want the Federal government to create new industry welfare programs to bail them out.

In Idaho it’s estimated that Idaho dairymen lost $700 million in […] Continue Reading…

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