Financial News Update – 07/11/2010

White House Admits GOP Could Take House Back… But, Will Stick With Failed Policies Anyway

It Begins… First Oil Rig Relocates From Gulf to Foreign Waters

Australian vegetables poisoned as police probe sabotage

Businesses step up criticism of Obama’s agenda

G20 looks to Beijing to drive global growth

Will Medicare Boss Bring U.K. Approach?

Struggling States Seek Funds From Gov’t

Harry Schultz on the Power Elite, Free Markets, the Internet and Why Gold Is Going Much Higher

Wall Street takeover creates army of ‘diversity czars’

Japan ruling party handed big defeat over tax plan (Hat Tip: Nancy Jacques)


Jimmy Rogers: ‘I don’t have investments in the UK’.

Disappearing Perk: Employee Stock Options

Americans May Be Slammed with Shocking Tax Hike

US Shopping Center Vacancies Approach Record High

Before The Bell: US Stock Futures Down Over Worries On Growth

Oil Prices Rise in Volatile Trade

European Banks are Worse than Wall Street

World Sovereign Default Risk Rose 30% as European Debt Crisis Deepened


Police Baiting – the Game Any Revolutionary Can Play!

By: Trevor Loudon

Cross posted from New Zeal Blog.

Bay Area Police officer, Johannes Mehserle, who was found guilty Thursday in court of involuntary manslaughter in the death of 22-year-old Oakland, California man, Oscar Grant.

At least a dozen businesses in Oakland were damaged after the jury reached its verdict in Los Angeles.

Protesters looted a Foot Locker store and ransacked a jewelry store. The windows of a bank were smashed, fires were set in several trash bins and a small incendiary device was detonated near a police station, but caused no damage.

Police said they made 83 arrests throughout the night for violations that included failure to disperse, vandalism and assaulting a police officer.

Graffiti on one building declared, “Oakland is our amusement park tonight!” Cleaning crews began sweeping up broken glass and debris early Friday.

In response to the violence, Abel Habtegeorgis, spokesman for the Ella Baker Center for Human Rights, said the community needs to focus on changing the system.

“We want to address the system that recruited and trained Johannes Mehserle, that’s the fight we need to continue on,” he said. “We want to see as much effort and energy as police put into preparing for a riot, put into putting the community onboard and engaging in forums and workshops.”

The Ella Baker Center for Human Rights was founded by former Obama Green Jobs Czar and Bay area communist and police baiter, Van Jones.

Van Jones “interacting” with police, early 2000s

Jones’ founding partner in the Center was Bay Area lawyer and Copwatch founder Diana Frappier, believed to be the daughter of Van Jones’ supporters and former Weather Underground terrorist organization associates Jon Frappier and Nancy Frappier.