Articles of Interest

The following articles by various authors are of significant interest. They cover many important topics including current events, historical documentation, commentaries, subjects in law, natural rights, and more. Take the time to educate yourself and form your own opinions. You will find it to be time well spent.

IMF puts cost of credit crisis at $1 trillion!

WASHINGTON - April 8, 2008 - The financial sector faces potential losses of almost $1,000bn as a result of the credit crisis, the International Monetary Fund said on Tuesday, warning of further losses and write-downs on prime mortgages, commercial real estate, leveraged loans and consumer finance.

The IMF said total losses and write-downs would reach about $945bn, based on mark

Articles of Interest

Morgan Stanley CEO expects credit crisis to last!

April 8, 2008 - Morgan Stanley Chief Executive Officer John Mack said the credit crisis will last “a couple of quarters” longer as it spreads to commercial real estate, European lenders with subprime holdings, and U.S. midsized banks.

“It's going to be a difficult year for the Street,” Mack said to reporters before the company's annual meeting today in P

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FBI has national eavesdropping program that tracks instant messages, emails and cell phones!

WASHINGTON - April 8, 2008 - The Federal Bureau of Investigation has been routinely monitoring the e-mails, instant messages and cell phone calls of suspects across the United States - and has done so, in many cases, without the approval of a court.

Documents released under the Freedom of Information Act and given to the Washington Post show that the FBI's massive dragnet, conn

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Iranian president wants OPEC off U.S. dollars!

TEHERAN, Iran - April 6, 2008 - Iranian President Mahmoud Ahmadinejad is urging OPEC members to form a joint bank and stop pricing oil trades in U.S. dollars.

According to the Iranian government's Web site, Ahmadinejad told OPEC Secretary General Abdalla Salem el-Badri the cartel "should establish a joint bank as well as having joint currency."

Oil is pri

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Egyptian workers riot over rising prices!

MAHALLA el-KOBRA, Egypt - April 6, 2008 - Thousands of demonstrators angry about rising prices and stagnant salaries torched buildings, looted shops and hurled bricks at police who responded with tear gas Sunday in a northern industrial town as Egyptians staged a nationwide strike.

About 150 people were arrested and 80 were wounded in the gritty Nile Delta town of Mahalla el-Ko

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Iran, Syria and Lebanon on military alert over U.S. Gulf movements and Israel’s home defense drill!

April 6, 2008 - According to British media, the U.S. is set to attack Iranian military facilities. DEBKAfile’s military sources add that the USS Abraham Lincoln Strike Force is heading for the Persian Gulf.

War tensions in the Middle East have shot up - not only over the signals flashing between Syria, Lebanon, and Israel, but also on the U.S.-Iranian front in Iraq in the

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Former Iraq weapons inspector says White House now preparing for war in Iran!

MIDDLEBURY, Vermont - April 4, 2008 - Scott Ritter, former head of weapons inspection in Iraq who protested there were no weapons of mass destruction to justify an invasion, believes the same is true for Iran.

But there is an 80 percent chance of war with Iran, he told about 200 people Wednesday at Middlebury College as part of a series of talks facilitated by the Vermont Peace