88888FORCE: June 2011

Wednesday, June 29, 2011

In Deficit Plan, Taxes Must Rise, President Warns --June-29-2011--

In Deficit Plan,
Taxes Must Rise, President Warns
June-29-2011--WASHINGTON — President Obama pressured Republicans on Wednesday to accept higher taxes as part of any plan to pare down the federal deficit, bluntly telling lawmakers that they
“need to do their job” and strike a deal before the United States risks defaulting on its debt.

The president said at a news conference on Wednesday that Republicans must agree to end tax breaks for corporate interests.

Video: Obama on Debt Deal: "Let's Get It Done"
Republicans, Democrats plotting strategies that will hinder budget agreement

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Tale of Two Visions for Euro Boils Beneath Greek Crisis Fight --June-29-2011--

Tale of Two Visions for Euro Boils Beneath Greek Crisis Fight
June-29-2011--The longer Greece avoids default, the closer European leaders come to breaking one of their oldest taboos by taking responsibility for the finances of a neighbor. Even as they resist European Central Bank President Jean- Claude Trichet’s call for a “major strengthening” of fiscal ties, European authorities are becoming the biggest holders of Greek debt. That would leave the country a virtual ward of the state, the objection of the bloc’s politicians to sharing sovereignty undercut by their own efforts to save the euro.
Video: Greek parliament passes austerity bill
WORLD : Euro Gains After Greece Says 'Yes' To Austerity
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Tearing down the American dream -June-29-20111--

Tearing down the American dream

June-29-20111--When it comes to the American Dream, visions of white picket fences are front and center. But for decades, those fences have been propped up by the government, largely through Fannie Mae and Freddie Mac. And since taking these enterprises over in the wake of the housing crisis, the Federal government is now backing 90 percent of new mortgages.

The US can no longer afford to prop up the middle class.

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Thursday, June 23, 2011

2012 - The Revolution Has Begun --June-23-2011-

2012 - The Revolution Has Begun

June-23-2011--Coming Great Consciousness Revolution, Mental shift Great awakening Masters of light manifesting themselves to man thru Earth changes.......Fear ,Misery, Money, Disease, Global Turmoil --WAR The great battle for mans spirit ....You have not seen anything yet..
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Viken Z Kokozian

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Bernanke Leaves Door Open To More Stimulus Should Economy Fail to Rebound- June-23-2011 -- -June-23-2011--

Bernanke Leaves Door Open to More Stimulus Should Economy Fail to Rebound
June-23-2011-- The Fed would be “prepared to take additional action, obviously, if conditions warranted,” including the purchase of more Treasury securities, Bernanke said yesterday after U.S. central bankers met in Washington. The economy will probably overcome constraints from elevated energy prices and Japan- related disruptions to manufacturing, he said. Still, declining home prices, high unemployment and weaknesses in the financial system may restrain the recovery in the longer term, he said.
Policy makers in a statement yesterday acknowledged the slowdown even as they agreed to complete $600 billion in bond- buying as scheduled this month in the second round of so-called quantitative easing.
Video: Fed cuts growth forecasts
Bernanke Knows The Problem But Will He Rise To Solve It?
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U.S. Ready to Take More Oil Action If Needed, Official Says -June-23-2011--

U.S. Ready to Take More Oil Action If Needed,
Official Says

June-23-2011--The US, after authorizing the release of 30 million barrels of oil from its emergency stockpile, is prepared to take additional action if needed to react to disruptions in world supplies, according to an Obama administration official. The decision to draw oil from the Strategic Petroleum Reserve, part of an international move to release 60 million barrels, was made after months of consulting with allies and oil-producing nations, according to officials, who briefed reporters on condition they not be named. The authorized release of light, sweet crude represents less than 5 percent of the 727-million-barrel U.S reserves and will help meet U.S. summer driving demand, an official said. The first of the draw will be auctioned within 24 hours, the official said.
Obama Releasing 30M Barrels From US Oil Reserves
White House announces plan to tap oil reserve.
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Wednesday, June 22, 2011

IS Your Pension Safe? States Struggle With Pricey Challenges--June-22-2011--

IS YOUR PENSION SAFE? STATES STRUGGLE WITH PRICEY CHALLENGES

June-22-2011-As part of his continuing coverage of Making Sen$e of financial news, economics correspondent Paul Solman reports from Rhode Island on the struggles that states are facing over how to calculate investment returns for public pension funds to keep them fully funded.

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-VIKEN Z KOKOZIAN