Iran Will Join The World’s Nuclear Club Within A Month ?

April 13, 2010


Iran announced that it will join the “world nuclear club” within a month and will be capable of deterring possible attacks on the country, the Iranian Fars news agency reported on Tuesday.

“No country would even think about attacking Iran after Iran’s membership in the club,” said Behzad Soltani, deputy head of Iran’s Atomic Energy Organization, according to the report.

Sounds like some serious escalation coming down the pike.

Obama’s Out Of Control Spending: Moody’s Warns US On Debt

March 16, 2010

When you read this remember one thing, Moody’s is quasi-government enterprise. When the sub-prime crash hit, everybody asked, why were those junk sub-prime mortgage securities rated so high? Ask Moody’s.

New warnings have surfaced that the United States — and the UK — are in danger of losing their top-notch AAA credit ratings.

The U.S. and the U.K. have moved “substantially” closer to losing their AAA credit ratings as the cost of servicing their debt rose, according to Moody’s Investors Service.

The governments of the two economies must balance bringing down their debt burdens without damaging growth by removing fiscal stimulus too quickly, Pierre Cailleteau, managing director of sovereign risk at Moody’s in London, said in a telephone interview.

Under the ratings company’s so-called baseline scenario, the U.S. will spend more on debt service as a percentage of revenue this year than any other top-rated country except the U.K., and will be the biggest spender from 2011 to 2013, Moody’s said today in a report.

“We expect the situation to further deteriorate in terms of the key ratings metrics before they start stabilizing,” Cailleteau said. “This story is not going to stop at the end of the year. There is inertia in the deterioration of credit metrics.”

… Under its adverse scenario, which assumes 0.5 percent lower growth each year, less fiscal adjustment and a stronger interest-rate shock, the U.S. will be paying about 15 percent of revenue in interest payments, more than the 14 percent limit that would lead to a downgrade to AA, Moody’s said.

This has caused stocks to drop as fears about the US economy continue to grow.

Bush’s fault NObala’s spending is totally out of control.

Harvard Hometown Plans Coercive Taxes, Veganism to Stop Climate ‘Emergency’

February 13, 2010

Hey isn’t this what man caused global warming is all about? — Congestion pricing to reduce car travel. Elimination of curbside parking. A carbon tax “of some kind,” not to mention taxes on plastic and paper bags. Advocating vegetarianism and veganism, complete with “Meatless or Vegan Mondays.” Those are just some of the proposals put forth by the Cambridge Climate Congress, an entity created in May 2009 to respond to the “climate emergency” plaguing the Massachusetts city.

Going green will not be optional in Cambridge, Mass., if the Cambridge Climate Congress has its way. It will be mandatory.

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