United States

I've been an oil man all my life

America is in a hole and it's getting deeper every day. We import 70% of our oil at a cost of $700 billion a year - four times the annual cost of the Iraq war.

I've been an oil man all my life, but this is one emergency we can't drill our way out of. But if we create a new renewable energy network, we can break our addiction to foreign oil.

U.S. Weighs Takeover of Two Mortgage Giants, Fannie Mae and Freddie Mac

More mortgage mess, taxpayers on the hook !

Fannie and Freddie are gonna need a bail out?

Fannie Mae and Freddie Mac, the two biggest providers of financing for US home loans, tumbled to the lowest in 17 years in New York trading after a former Federal Reserve president said the companies may need a government bailout.

Fannie Mae and Freddie Mac tumble on insolvency fears

Kurdistan Regional Government signs oil and gas contract with US based Hunt Oil Company

The Kurdistan Regional Government (KRG) together with Hunt Oil Company of the Kurdistan Region, a subsidiary of Hunt Oil Company of Dallas, Texas, and Impulse Energy Corporation (IEC) announced that they have signed a Production Sharing Contract (PSC) covering petroleum exploration activities in the Dihok area of the Kurdistan Region.

http://www.ameinfo.com/131371.html

Iraq warns US on withdrawal date

Iraq will not accept any security deal with the US which does not include a date for the pullout of foreign troops, a senior Iraqi official has said.

National Security Adviser Mowaffaq al-Rubaie was speaking in Najaf.

The prospect of setting such a timetable was raised by Iraqi Prime Minister Nouri Maliki on Monday.

Panel calls for new war powers legislation

WASHINGTON - Former secretaries of state James Baker III and Warren Christopher say the next time the president goes to war, Congress should be required to say whether it agrees. The co-chairmen of a bipartisan study group have proposed legislation that would require the president to consult lawmakers before initiating combat lasting longer than a week, except in cases of emergencies.

McCain touts plan to create jobs, help workers

PHOENIX (AP) — Republican presidential candidate John McCain acknowledged the steep drop in U.S. jobs and said he would help the economy by cutting taxes, encouraging free trade, building nuclear power plants and launching other initiatives.

Farewell Bozo

LOS ANGELES - Larry Harmon, 83, a Toledo native who turned the character Bozo the Clown into a show business staple that delighted children for more than a half-century, died of congestive heart failure yesterday.

Chrysler status shaky, analyst says

"DETROIT - Faced with soaring gas prices, a sputtering economy, and rapid U.S. market shift away from trucks, the U.S. auto industry's weakest player, Chrysler, may have to seek bankruptcy or sell its Jeep and Dodge Ram brands as early as next year, JPMorgan said yesterday.

But rivals GM and Ford are likely to get through the rough patch and turn a profit in 2010."

the amazing story of the star spangled banner- and verse 4 too!

Praise the Pow'r that hath made and preserv'd us a nation!
Then conquer we must, when our cause it is just,
And this be our motto: “In God is our trust!”
And the star-spangled banner in triumph shall wave
O'er the land of the free and the home of the brave!

http://www.wallbuilders.com/LIBissuesArticles.asp?id=9954

Police wnt u to fight crime w/txt msgs

TAMPA, Fla. - Police in the 1970s urged citizens to "drop a dime" in a pay phone to report crimes anonymously. Now in an increasing number of cities, tipsters are being invited to use their thumbs — to identify criminals using text messages.

Police hope the idea helps recruit teens and 20-somethings who wouldn't normally dial a Crime Stoppers hot line to share information with authorities.

Obama pledges to expand aid to religious charities

ZANESVILLE, OHIO -- Barack Obama pledged Tuesday to expand a controversial White House program that funnels federal money to religious charities, embracing a core piece of President Bush's legacy as he tries to win over Republican-leaning evangelical voters.

Libertarian Barr defends personal privacy

"Former U.S. Rep. Bob Barr of Georgia, now running for president on the Libertarian ticket, told a Portland crowd today he got into the race to offer an option for those who want less government intrusion in their lives.

U.S. escalating covert operations against Iran: report

NEW YORK (Reuters) - U.S. congressional leaders agreed late last year to President George W. Bush's funding request for a major escalation of covert operations against Iran aimed at destabilizing its leadership, according to a report in The New Yorker magazine published online on Sunday.

Get ready for utility price shock- More good news!

(Cleveland) - Prepare for a steep rise in your utility bills. So says Richard Lubinski, president of Think-Energy Management in Silver Lake, near Akron.

Taliban flourishng, Pentagon reports

WASHINGTON - After nearly seven years of war in Afghanistan, the Taliban-led insurgency is flourishing, the Defense Department indicated in a gloomy new report yesterday, saying the insurgents are likely to accelerate their attacks and expand into new regions in northern and western regions of the country.

Burrowing muskrat causes levee to fail in Missouri

WINFIELD, Mo. - A heroic effort by hundreds of townspeople, volunteers and National Guardsmen to hold back the Mississippi River failed Friday — undone by a burrowing muskrat.

The furry rodent dug a hole through the earthen levee in this eastern Missouri community, allowing water to penetrate the floodwall, which failed shortly before dawn.

Over 2,200 workers to be laid off at Toledo Jeep

More than 2,200 workers at the Toledo Jeep Assembly complex will be laid off for nearly two months because of dismal sales of the Jeep Liberty and Dodge Nitro, United Auto Workers officials said yesterday.

Oil Surges Above $140 to Record as Libya Warns of Output Cut

June 26 (Bloomberg) -- Crude oil jumped above $140 a barrel to a record as Libya threatened to cut output, OPEC's president said prices may reach $170 by the summer and the dollar weakened.

Congress pressing Bush to block, reverse Iraqi oil deals

WASHINGTON, June 24 (UPI) -- U.S. congressional leaders are pressing the Bush administration to block deals to be signed between the Iraqi federal government and the world's largest oil companies and to cancel deals between the Iraqi Kurdish region and smaller U.S. oil firms.

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