More than 100 nonaligned nations backed Iran’s right to peaceful uses of nuclear power
More than 100 nonaligned nations backed Iran’s right to peaceful uses of nuclear power on Wednesday, an endorsement sought by Tehran in its standoff with the U.N. Security Council over its refusal to freeze uranium enrichment. The decision came as supreme Iranian leader Ayatolla Ali Khamenei pledged to continue the country’s nuclear program. Senior Iranian officials depicted the support from a high-level conference of the Nonaligned Movement as deflating claims by the U.S. and its allies...
July 31, 2008
Exxon posts record $11.68 billion profit
World’s largest publicly traded oil firm makes $1,485.55 a second in the quarter, but misses forecasts. NEW YORK (CNNMoney.com) — Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter. That profit works out to $1,485.55 a second. That barely beat the previous corporate record of $11.66 billion, also set by Exxon in the fourth quarter of 2007. “The fundamentals of...
July 31, 2008
Shell reports 33% rise in profit
Royal Dutch Shell, Europe’s largest oil company, reported a 33 percent increase in second-quarter profit Thursday, helped by a higher oil price even as production declined. Like smaller rival BP earlier this week, Shell profited from an oil price that almost doubled in the second quarter from the year earlier but a 13 percent drop from a record on July 11 raised some concern among investors about whether oil companies can keep up the pace of earnings growth. BP said earlier a higher oil price...
July 31, 2008
Scahill: Blackwater now in the private intelligence business
Jeremy Scahill, author of Blackwater: The Rise of the World’s Most Powerful Mercenary Army, is worried about the giant mercenary firm’s latest foray into private intelligence. “They’re marketing their services to not only foreign governments, but to Fortune 500 corporations,” he recently told an interviewer. The forthcoming paperback edition of Scahill’s book on Blackwater, which appeared in hardcover in February 2007, will include 100 pages of new material, including...
July 31, 2008
Greenspan Says Housing Prices Not Yet Near Bottom
July 31 (Bloomberg) — Former Federal Reserve Chairman Alan Greenspan said falling U.S. home prices are “nowhere near the bottom” and the resulting market turmoil isn’t showing signs of abating. While the odds of a recession are 50-50, achieving stable markets will “take a while,” Greenspan said today in a CNBC interview. The economy grew at a 1.9 percent annualized rate in the second quarter after expanding 0.9 percent in the first quarter, the Commerce Department...
July 31, 2008
Jesse Ventura: America is on the Brink of Fascism!
July 31, 2008
Kissinger: New Premises in Iraq
Editor’s Note: What effect would the premise ‘9/11 was an inside job’ have on Kissinger’s argument? The U.S. presidential campaign has been so long and so intense that it seems to operate in a cocoon, oblivious to changes that should alter its premises. A striking example is the debate over withdrawal of U.S. forces from Iraq. Over the past year, many have proposed setting a deadline for withdrawal. Proponents have argued that a date certain would compel the Iraqi government...
July 31, 2008
2ND VIDEO GIVES NYPD BLACK EYE
New York Post July 30, 2008 The day after a video emerged of a cop knocking a cyclist to the ground, a second video alleging police brutality surfaced today in which an NYPD officer is seen whaling away at a man’s legs with a baton. The footage - shot on July 4 on the Lower East Side - shows Officer Maurice Harrington repeatedly hitting Michael Cephus, 46, on his legs with a collapsible metal baton as he struggles with officers trying to cuff him. Harrington - a four-year veteran...
July 31, 2008
House passes bill to regulate tobacco
The House on Wednesday overwhelmingly passed legislation that for the first time would subject the tobacco industry to regulation by federal health authorities charged with promoting public well-being. Its backers call the Family Smoking Prevention and Tobacco Control Act “landmark” legislation. While the bill appears to have enough support to pass this year, it’s unclear whether the Senate will have time to act, and the Bush administration is strongly opposed. The 326-102 House...
July 30, 2008
YouTube video exposes cop who attempted to cover up assault on bicyclist
“Cyclists here already face enough obstacles,” said New York City Councilman David Yassky. “Law enforcement shouldn’t be one of them.” A New York City police officer has been placed behind a desk after being caught on tape deliberately pushing a man off of his bike during a Friday Critical Mass event in Times Square. 22-year-old rookie Patrick Pogan, former football offensive lineman and son of a retired NYPD detective, claimed in court documents that 29-year-old Christopher...
July 30, 2008


