Fed to pump another $1 trillion into U.S. economy
iht.com — Saying that the recession continues to deepen, the U.S. Federal Reserve announced Wednesday that it would pump an extra $1 trillion into the economy by buying mortgage-backed securities and Treasury issues. Since the government eliminated the gold standard money value is relative and elasticity infinite. $1 dollar can become millions electronically (Submitted by demicritter) More...
Obama open to taxing some health benefits
iht.com — The proposal is politically problematic for President Barack Obama, however, since it is similar to one he denounced in the presidential campaign as "the largest middle-class tax increase in history." Most Americans with insurance get it from their employers, and taxing workers for the benefit is opposed by union leaders and some businesses. (Submitted by raggsat98) More...
Nobel Peace Prize Winners to China: Stop Abusing Dalai Lama
iht.com — Nobel Peace Prize winners, human rights activists and such celebrities as Harrison Ford and Gwyneth Paltrow are urging China to "stop naming, blaming and verbally abusing" the Dalai Lama. The Nobel laureates, activists and Hollywood stars have signed a letter from Archbishop Desmond Tutu expressing concern at the deterioration of the human rights. (Submitted by Surferess) More...
The grass-mud horse: Dirty pun tweaks China's online censors
iht.com — Since its first unheralded appearance in January on a Chinese Web page, the grass-mud horse has become nothing less than a phenomenon. Not bad for a mythical creature whose name, in Chinese, sounds very much like an especially vile obscenity. Which is precisely the point. (Submitted by WordsnCollision) More...
Saudi liberals are hopeful: Change We Can Believe In?
iht.com — Ever since King Abdullah announced a sweeping cabinet reshuffle two weeks ago, Saudi liberals have been in a rare holiday mood. Many have hailed the changes — including the replacement of some major conservative figures and the appointment of the first female deputy minister — as a "mini-revolution." But there is more to the story... (Submitted by REBECCAFRIEDMAN) More...
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