Financial News Update – 12/23/10

Finally! Someone On Wall Street Is Seriously Bearish!

17 Facts About China That Will Blow Your Mind

Things That Are More Expensive In China Than America: Fruit, Eggs, Milk & Meat

The Social Security Admin. Overshot The Population By 8 Million, And That Means We’re Even Closer To The Brink

House Values Have Fallen 20%, But Property Taxes Keep Rising

Uh-Oh: Nike Tanks After Confirming One Of The Market’s Worst Fears

Feds order farmer to destroy his own wheat crops: The shocking revelations of Wickard vs Filburn (Hat Tip: Brian B.)

Investors Flee From Bonds at Fastest Pace in Two Years

Booming Ethiopia Is the New Face of Africa

Congress sticks it to U.S. farmers with passage of food safety bill that will actually cause fresh produce to be more dangerous (Hat Tip: Brian B.)

Town taxes Christians for listening to sermons (Hat Tip: Brian B.)

$100 Million Drug-War Garrison Approved for U.S.-Mexican Border (Hat Tip: Brian B.)

Both Liberals and Conservatives Hate Corporate Socialism (Hat Tip: Brian B.)

The Oil BP Tried To Hide Has Been Discovered, In Thick Layers On the Sea Floor Over An Area of Several Thousand Square Miles (Hat Tip: Brian B.)

Scrooge Was A Liberal

Peeling Back Congressional Overreach

Deutsche Bank pays half a billion to escape US tax probe (Hat Tip: Brian B.)

Printing Ultra-Thin Circuits Into Banknotes Could Give Electronic Security to Paper Currency (Hat Tip: Brian B.)

Down Argentine Way (Hat Tip: Brian B.)

John Fund: The Net Neutrality Coup (Hat Tip: Brian B.)

From The Government And I am Here To Help…Part 2,556,998,555 or How I Learned To Love The Night Sweats of a Small Businessman

All Of The Huge Threats Facing The Economy Summarized In One Paragraph

9 Alarming Charts From The Treasury’s Annual Spending Report

The Art of E

IRS Delays Filing for Taxpayers With Itemized Deductions

Ireland Takes Control of Allied Irish, Fourth Bank in Two Years

Taliban Prepare to Attempt `Spectacular’ Attacks, UN Envoy Says

Package Bombs at Swiss, Chilean Embassies in Rome Injure Two

North Koreans Threaten `Sacred War’ as South Stages Exercise

Shooting Gold Diggers at Barrick African Mine Coincides With Record Prices

Mixed Economic Picture Keeps Analysts Hedging

Americans Boost Spending Amid Holidays


Freak diversion of jet stream paralyzing globe with freezing conditions

Oil prices trade near two-year highs

Romanian man hurls himself from Parliament balcony in protest at austerity measures

Scientists Defend $700k ‘Cow Burp’ Greenhouse Gas Study

Alabama Town’s Failed Pension Is Warning

More people fall out of Obama mortgage-aid program

Barack Obama Hails Failed & Rejected 111th Congress As “Most Productive in Decades”

$37,000,000 A Year Lib Hollywood Actor Lectures Greedy CEO’s

Obama Administration Admits Polar Bears Are Not ‘Endangered’ But Sets Aside 187,000 Miles For Them Anyway

Obama: START Treaty Will Help Us Seek a World Without (American) Nuclear Weapons (Video)

WSJ: Net Neutrality Was Manufactured and Astroturfed Into Law

Nice. Muslim Group Launches “Christmas Is Evil” Poster Campaign

Sorry Asshats – 9-11 was evil and Islam is an epic fail as a religion of peace… Everyone should contact them and give them what for over this.

Senate Approves 9/11 First Responders Health Bill

Has The Financial Collapse Of Europe Now Become Inevitable?


Nordea’s Chart of the Week – Collapsing US Import Demand

$2 Trillion debt crisis threatens to bring down 100 US cities

The U.S. Dollar: Too Big to Fail?

Bernanke Denies Printing Money. Mogambo Not Convinced.

Will Congress Delete Mortgage Deduction?

Higher Gasoline Prices May Linger Into 2011

Oil Prices Climb Amid Cold Snap



By: Fern Sidman

Zionist visionary and leader, Ze’ev Vladimir Jabotinsky, was remembered this past Sunday evening, December 19th, as hundreds of Israeli high school students from across the country gathered in the main auditorium of the Knesset building in Jerusalem for the award presentation to the 15 winners of the 2010 Ze’ev Jabotinsky National Essay Contest.

Sponsored by the American For A Safe Israel (AFSI), and an Israeli group called Misdar Jabotinsky, the ceremonious event marked the 70th yahrzeit of the prescient Revisionist Zionist leader and founder of the Betar (Brit Trumpeldor) youth movement. A towering figure amongst pre-state Zionist leaders, Jabotinsky is known as a powerful and prolific statesman, writer, journalist and electrifying orator.

In stark contrast to his Socialist-Zionist contemporaries who encouraged Jews to fight for their civil rights within the countries of their origin, Jabotinsky was skeptical of this avenue of emancipation, proclaiming that salvation for Jews – both on a personal level and as a national entity – lay only in the re-settlement of the entire land of Israel. Jewish self-defense was at the epicenter of Jabotinsky’s socio-political philosophy, both as a physical imperative and as a wellspring of pride and self-confidence, capable of “ennobling” the Jewish spirit.

The essay contest covered five categories of Jabotinsky’s life, written works and political activities which included such headings as “The individual and the nation in Jabotinsky’s thought,” “Social reform according to Jabotinsky,” and “Jabotinsky, builder of Hebrew military power.” Offering first, second and third cash prizes, the essay contest was projected by AFSI as the first step in an extended campaign to stimulate interest in Zionist history both in Israel and beyond its borders. In the United States, AFSI plans to launch, “Zionism 101”, a filmed series of internet programs covering the 120-year history of the contemporary Zionist movement.

According to William Mehlman, the Jerusalem chairperson of AFSI and contributor to their “Outpost” newsletter, Jabotinsky’s link to Zionism’s heroic past was underscored in essay after essay on the saga of “Aliyah Bet,” his British blockade-busting enterprise that brought more than 100,000 European Jews to Palestine between 1936 and 1940; his World War I formation of the “Zion Mule Corps,” the first organized Jewish fighting force in 1,800 years, and his subsequent establishment of both the Haganah (which grew into the IDF) and the Irgun Z’vai Leumi (IZL), the underground resistance force that was instrumental in driving the British out of Palestine.

AFSI chairman Herbert Zweibon said the essay contest “marked the culmination of a 10-month effort to rekindle an intimate relationship with Zionism among Israeli youth, undermined by decades of high school teaching that made Zionist history and their attendant heroes hostage to universalist myths and ‘narratives,’ that smacked of blatant ant-Zionism.”

Former Member of Knesset Michael Kleiner, together with Emanuel Weiser of the Jabotinsky Order, spoke of Jabotinsky as a “revolutionary” in the most positive sense of the word.. “He revolted against the British occupation, against a Jewish establishment that seemed satisfied with a stateless Jewish status quo and while others remained silent, he marched across Europe in the 1930s imploring Jews to leave before it was too late.”

A polemical aspect surrounds the essay contest as well, due to a decision made by the Israeli Education Ministry in November of 2008 “to exclude the founder of the Revisionist movement in Zionism from the list of 100 personages studied at Israeli schools. Three years separated the passing of the Jabotinsky Law (2005) and erasure of his philosophy from local textbooks” as reported in Ha’Aretz newspaper. See link for further details: Jabotinsky’s been expelled – Haaretz Daily Newspaper | Israel News. The decison was then reversed by the Education Ministry as of early December of 2010 and according to Ha’Aretz the ministry is “actively supporting a privately-sponsored essay contest on Ze’ev (Vladimir) Jabotinsky and urging students to participate in it.”

The prizes to contest winners were presented by Education Minister Gideon Sa’ar and Knesset Speaker Reuven Rivlin. Describing Jabotinsky as Zionism’s most existentialist figure, Knesset Speaker Rivlin said he was “not just a thinker, but a doer.” In his remarks to the students, Education Minister Sa’ar, said that as a high school student in 1980 he took second prize in an essay contest commemorating the 40th anniversary of Jabotinsky’s passing and lauded his teachings as timeless.


Weekly Featured Profile – 12/23/10

By: Trevor Loudon

Judith LeBlanc joined the Communist Party USA in 1974 and is currently a vice chair for the organization. She chairs its Peace and Solidarity Commission and has previously worked as a reporter for the CPUSA’s newspaper, People’s Weekly World. On March 30, 2002, LeBlanc endorsed a call by the CPUSA for a national holiday in honor of late Farm Workers Union leader Cesar Chavez.

In July 2009, she spoke alongside Michael Eisenscher and Mort Frank at the 6th National Convention of the Committees of Correspondence for Democracy and Socialism. CCDS was formed in 1991 when approximately one third of the CPUSA membership split from the party.

LeBlanc is the national field organizer for Peace Action, formerly known as the National Committee for a Sane Nuclear Policy and formed in 1957. She has formerly served on the steering committee and as national co-chair for Institute for Policy Studies partner organization, United for Peace and Justice which is also affiliated with Peace Action.

In 2008, LeBlanc signed a petition, “An Open Letter to Barack Obama on Iran.” In 2009, she endorsed a call from Latinos for Peace for U.S. troops to be withdrawn from Iraq and Afghanistan. In June 2010, she addressed the Disarm Now! Conference which was held at Riverside Church, a Communist front based in New York.