MFS - The Other News

                         Afternoon Posting.

• MUSLIMS threaten SUICIDE BOMBINGS against ‘Qur’an burning’ church in Florida.Islamic radicals are seizing on protests against a planned Islamic community center near Manhattan's Ground Zero and anti-Muslim rhetoric elsewhere as a propaganda opportunity and are stepping up anti-U.S. chatter and threats on their websites.One jihadist site vowed to conduct suicide bombings in Florida to avenge a threatened Koran burning, while others predicted an increase in terrorist recruits as a result of such actions. "By Allah, the wars are heated and you Americans are the ones who…enflamed it," says one such posting. "By Allah you will be the first to taste its flames."

• KUHNER: President's socialist takeover must be stopped.President Obama has engaged in numerous high crimes and misdemeanors. The Democratic majority in Congress is in peril as Americans reject his agenda. Yet more must be done: Mr. Obama should be impeached.He is slowly - piece by painful piece - erecting a socialist dictatorship. We are not there - yet. But he is putting America on that dangerous path. He is undermining our constitutional system of checks and balances; subverting democratic procedures and the rule of law; presiding over a corrupt, gangster regime; and assaulting the very pillars of traditional capitalism. Like Venezuela's leftist strongman, Hugo Chavez, Mr. Obama is bent on imposing a revolution from above - one that is polarizing America along racial, political and ideological lines. Mr. Obama is the most divisive president since Richard Nixon. His policies are Balkanizing the country. It's time for him to go.

• Football Coach Fired for Anti-Obama Song?A Tennessee middle school football coach said he got fired after he wrote a song that criticized President Obama.Bryan Glover, an assistant coach at Grassland Middle School near Nashville, co-wrote the country music song, “When You’re Holding a Hammer, Everything Looks Like a Nail.”It was co-written by a parent who has a child on the team. Glover, 26, said he emailed a copy of the song to friends, family members and player’s parents through his personal email account.And that’s when all the trouble started for the self-described independent conservative.Do not question the great leader?

• Number of People Who Have Signed up For ObamaCare in New Jersey: 2 ,yes it's right TWO!Just two people in New Jersey will begin receiving coverage Monday under new plans created by federal health care reforms.NJ Protect plans are available to those who have been without insurance for at least six months and submit evidence of pre-existing health conditions.The state will receive $141 million in federal subsidies to cover claims that exceed the premiums paid by the beneficiaries.

• Poll: 48% of American Voters Think Obama’s Political Views are “Extreme”.Forty-eight percent (48%) of U.S. voters now regard President Obama’s political views as extreme. Forty-two percent (42%) place his views in the mainstream, according to a new Rasmussen Reports national telephone survey.By comparison, 51% see the views of Secretary of State Hillary Clinton as mainstream. Thirty-five percent (35%) think Clinton’s views are extreme. Fourteen percent (14%) are undecided.

• Michelle Obama, Laura Bush plan joint 9/11 event.It’s a first for first ladies: Michelle Obama and Laura Bush will appear together next month on the ninth anniversary of the Sept. 11 attacks in Shanksville, Pa., where United flight 93 went down after the crew and passengers fought back against terrorists. Administration officials said the event will build on Obama's focus on the heroes of Sept. 11 — celebrating their heroism, honoring their memories and supporting their families.Damage control or sneaking in another Mosque?

• New York mosque controversy worries Muslims overseas.Some can't understand the fuss over a house of worship and how a democracy promoting religious freedom could even be having such a debate. Others are offended at the conflation of the 9/11 attacks with all Muslims.The United States has historically been distinguished by its tolerance, whereas Europe, France, Belgium and Holland have been among those who have rejected the symbolism of Islam.Hmmmm were they not the main contributors to the Crusades also?Must be something genetic i guess?

• HT:WeaselZippers.Video: Communist Speaker at Pro-Ground Zero Mosque Rally Rails Against “Zionist Jews”.Note: Remarks about “Zionist Jews” starts at the 3:55 mark.The guy making the racist comments is the man in the blue hat and shirt. According to the press his name is “Comrade Shahid.” They messed up his name, it’s Shahid Comrade, and yes, he’s a commie.

• Angelina Jolie Plays Humanitarian Role In Bosnia.Angelina Jolie has visited Bosnia in her role as UN Goodwill Ambassador as she prepares to shoot a film in the country.She met with Bosnian leaders in Sarajevo over the weekend to speak on behalf of refugees displaced after the 1992-1995 conflict."I hope that there'll soon be practical steps to improve these people's lives," Jolie said in a statement.

• White House Visitor Logs Suggest J Street Contributed To U.S.-Israel Diplomatic Crisis.J Street representatives met with the Obama administration frequently during the flare-up resulting from Joe Biden's visit to Israel.Last month the White House pulled out the red carpet to welcome Israeli Prime Minister Binyamin Netanyahu, but the charm campaign is a new phenomenon. Less than six months ago, the U.S.-Israel relationship was in deep trouble.

• Iran To Raise Baby Girls As Basij Members.A female commander of the pro-government Basij militia, Zohreh Abbasi, has said that her unit has introduced a special program that allows baby girls to be registered as members of the force and receive training.Abbasi, who heads the Hossein Haj Mousaee unit, said that in the past six years 23 baby girls had been trained as Basij members through "Koranic, cultural, educational, and military" classes."In this regard Basij mothers register their baby girls 40 days after they were born at the Hossein Haj Mousaee unit by presenting documents and IDs," Abbasi was quoted as saying by Iranian news websites.Ok that's probably something like the Evian baby ,but instead of roller skates machine guns?

• Covert Operations.The billionaire brothers who are waging a war against Obama.On May 17th, a black-tie audience at the Metropolitan Opera House applauded as a tall, jovial-looking billionaire took the stage. It was the seventieth annual spring gala of American Ballet Theatre, and David H. Koch was being celebrated for his generosity as a member of the board of trustees; he had recently donated $2.5 million toward the company’s upcoming season, and had given many millions before that.One dignitary was conspicuously absent from the gala: the event’s third honorary co-chair, Michelle Obama. Her office said that a scheduling conflict had prevented her from attending. Yet had the First Lady shared the stage with Koch it might have created an awkward tableau. In Washington, Koch is best known as part of a family that has repeatedly funded stealth attacks on the federal government, and on the Obama Administration in particular.

• The Barack Obama Project: An Over-Budget Horror Flick.Sometimes, non-supernatural events can evoke worse fear and dread than any ghosts, gore or monsters.This past week as Americans heard their leader speak at a Ramadan dinner, as they heard Obama bash his own Democrat-ruled Congress in the driveway of the White House before leaving for Blue Heron Farm, and as they witnessed his support of building a mosque near sacred ground in New York, their previous anger may well be turning to terror.James Joyce defined terror as “the feeling which arrests the mind in the presence of whatsoever is grave and constant…and unites it with the cause.”We are there. The threat of sharia, the decimation of capitalism through Marxist policies and the disintegration of social paradigms are indeed “grave and constant.” And polls show that almost 51% of the American people have identified the immediate cause-the policies of Barack Obama.

• Muslim festival on 9/11 canceled!Muslims fear backlash as festival falls near Sept. 11.Citing a growing atmosphere of distrust, especially since the issue of the Islamic center near Ground Zero erupted, some plan to tone down celebrations of Eid al-Fitr, which marks the end of Ramadan."We thought it might be misunderstood and create a wave of attacks on our faith and community," said Imam Seyed Ali Ghazvini, the center's religious leader. "It's really just a community celebration that happened to occur on 9/11. …The way some local media outlets are attacking our faith and community created a serious fear among members of this community."Yeah Christians are renowned for committing attacks with suicide bombers and jihad?

• Jewish groups slam American woman in charge of Ground Zero mosque for saying treatment of Muslims is 'anti-Semitic'.Miss Khan - the wife of Imam Feisal Abdul Rauf, the driving force behind the mosque project - also claimed she was being subjected to ‘metastasised anti-Semitism’ by those who oppose their plans.Her comments drew fire from the two leading bodies which represent Jewish people in America.The Anti-Defamation League and the American Jewish Committee said she was wrong to make the comparison and accused her of being ‘inappropriate’.But Abraham Foxman, national director of the Anti-Defamation League, said: ‘There is no question in my mind that there are some bigots who are using the mosque as an excuse for Islamophobia. But to compare this to anti-Semitism is an inappropriate comparison.

• ‘Catholics for Choice’ Throws Mother Teresa Under The Bus.Last year the Empire State Building shone in red and yellow lights to honor the 60th anniversary of the Chinese Communist revolution. Yet under its founder, Mao Zedong, the Communists killed 77 million people. In other words, the greatest mass murderer in history merited the same tribute being denied to Mother Teresa.

• Is President Obama a Christian?Marx, Critique of Hegel’s Philosophy of Right: “Religious distress is at the same time the expression of real distress and the protest against real distress. Religion is the sigh of the oppressed creature, the heart of a heartless world, just as it is the spirit of a spiritless situation. It is the opium of the people. The abolition of religion as the illusory happiness of the people is required for their real happiness. The demand to give up the illusion about its condition is the demand to give up a condition which needs illusions.”Another MUST read.

• HT:Mitchell Langbert.Obama Lied About His Religious Affiliation.Because of recent poll findings (reported in Newsweek, for example, with factual errors) that as much as 31% of the public believes that Obama is a Muslim, there has been a spate of publicity concerning an issue that surfaced on my blog during the election campaign: whether then-Senator Obama was lying about his religious affiliation. the Trinity United Church of Christ appears to have made doctrinal adjustments to accommodate its constituents. They were African Americans who wanted a veneer of Christianity, which many of them had been raised with, to cover their newly acquired black nationalism and Nation of Islam inspired faith.So a new syncretic religion was born, Muslim Christianity.Read the whole story here! 

• Hostage situation Latest updated news Video:Seven dead after former policeman hijacks Manila bus.Philippine police have stormed a hijacked bus in Manila, ending a day-long siege in which a group of Chinese tourists was taken hostage.At least seven hostages died and officials said police marksmen shot and killed the gunman.A former policeman armed with an M-16 had seized the bus in an apparent attempt to get his job back.More on this story here,and here.

• Oriflame workers detained in Iran as operations shut.Iranian authorities have closed the Tehran operations of Oriflame Cosmetics and detained five workers, the Swedish firm has said.The reasons for the move were disputed, with Tehran alleging fraud and Oriflame saying the authorities disliked it employing women in certain roles.Last week, Iran's commerce and culture ministries called the company illegal and blocked its local internet site.Oriflame said the move could be because it employs women as sales consultants.Iran and women rights hmmmm?

• When It Comes to the Ground Zero Mosque: ‘Truth Is the New Hate Speech’.The left is dismissive of the grief and offense caused by the prospect of a victory mosque at Ground Zero. The left is contemptuous of how 9/11 families and the majority of Americans feel; they’re sick in their fierce rush to erect the mosque. They’re even trying to blame me for America’s natural and logical response to an Islamic supremacist mosque being built on a site that was part of the 9/11 attack. The Geller hit pieces have been coming fast and furious and obvious, as if discrediting me will make the pain and anger over the mosque go away.

• Video:CBS Anchor Blames Internet for Obama Religion Confusion.CBS News' Bob Schieffer decries the internet as the "only news delivery system that doesn't have an editor" and discusses the "nuts, perverts and those who are simply looking to validate their prejudices" who get their news from the web.CBS continues to prove why they remain the number one voice of this generation.

• Pope's UK visit to involve strict rules for pilgrims.The Catholic Church of England and Wales has published a guide for those attending events with the Pope during his visit to the UK next month.There will be strict controls over what can and cannot be brought into the three large public gatherings in London, Glasgow and Birmingham.Alcohol, barbecues, gazebos and musical instruments will all be banned as they "could pose a threat to others".However, picnics, banners and flags will all be allowed.The instructions appear on the official papal visit website.

• Tiger Woods and wife Elin Nordegren are divorced.Tiger Woods and his wife Elin Nordegren have divorced, the couple said in a statement posted on the world number one golfer's website."We are sad that our marriage is over and we wish each other the very best for the future," the couple said.They said the primary focus of their divorce negotiations had been their two children's well-being.Mr Woods, 34, had a five-month lay-off from golf after admitting a number of extra-marital affairs.

• Beer microbes live 553 days outside ISS.A small English fishing village has produced an out-of-this-world discovery.Bacteria taken from cliffs at Beer on the South Coast have shown themselves to be hardy space travellers.The bugs were put on the exterior of the space station to see how they would cope in the hostile conditions that exist above the Earth's atmosphere.And when scientists inspected the microbes a year and a half later, they found many were still alive.

MFS - The Other News

                          Morning Posting.

• NY mosque imam: US rights in line with true Islam.Feisal Abdul Rauf says freedoms enshrined by Constitution reflect Muslim values; mosque supporters, opponents rally in lower Manhattan. While tempers were heated, there were no signs of violence between the two sides, which were kept several blocks apart by police.Obama has said he supports the right of Muslims to build the center near Ground Zero, while Republicans, including former vice presidential candidate Sarah Palin, oppose it. Others have suggested it be moved to a less controversial location.

• HT:LogisticsMonster.Why Does Obama Have Two Companies Incorporated In The UK?I received a very interesting email that showed, among other items, that Barack Obama has two companies incorporated in his name in the UK according to Alfred Adask (his post below). How many Barack Obamas exist in the world? Do any Monster readers in England want to do some digging? Is this how the revenue is redistributed to the Queen and the international banksters?

• Video:Live: hostage situation Manilla.

• Why Do Feminists Attack Sarah and Not Sharia?Given Islam’s enslavement of women and the Sharia erection of the Cordoba Initiative’s chief con man, Abdul Rauf, you’d think N.O.W. and their ilk would now be raising more Cain about this Ground Zero Mosque than they are about Sarah Palin.

• Iran begins mass production of 2 assault boats.Inauguration of production lines for missile-launching speedboats comes day after Iranian President Ahmadinejad unveiled country's home-built bomber drone, which he said would deliver 'death' to Islamic Republic's enemies.Iran has threatened to close the Strait of Hormuz, choking off some 40% of tanker-shipped oil worldwide, in the event of a military attack.

• Obama's Royal Retinue.Vacationing Obama can't shed White House entourage ... President Barack Obama had a simple task for his first morning on vacation: shoot over to a Martha's Vineyard bookstore to fill out his daughters' summer reading list and grab himself a novel. Easier said than done. His SUV, part of a 20-vehicle motorcade, passed through a cordon of Massachusetts State Police motorcycle officers, in a protective cocoon of Secret Service agents.Conclusion: Like a titular head-of-state, Obama rushes from vacation to vacation with breathless coverage throughout. And while people may speculate as to why he is taking so many vacations, we think we know: There's just not very much he can do on the job, and his power is actually fairly circumscribed, not by the office but by circumstance and sociopolitical evolution. Picking a vacation destination may be the clearest and most unencumbered decision he gets to make. But then again, perhaps Michelle and the children do the choosing.

• Why We Fight: The 10 Worst Islamofascist Terrorist Attacks Since 9/11.In 2006, 24 Muslim men were arrested in Britain as they were entering the final stages of a plot to blow up as many as 10 jets headed for the U.S. Their plan was to mix an explosive cocktail, disguised as innocuous beverages, and detonate the mixture using a common electrical device such as a cellphone or mp3 player.

• Bangladesh bans Islam dress code.A Bangladesh court has ruled that people cannot be forced to wear skull caps, veils or other religious clothing in workplaces, schools and colleges.The ruling came after reports that a college in the north had forced students to wear veils.The high court also ruled that women cannot be prevented from taking part in sports or cultural activities.The court said that wearing any form of religious clothing, for students and employees, should be a personal choice.

• HT:LogisticsMonster.Video:Thomas Sowell On Obama And America’s Collapse.I see him as someone who all his life has been associated with and part of a group of people who fundamentally don’t believe in the principles of this country.”

• Video:GOP Strategist Ed Rollins Says “Democrats are in Big, Big Trouble” for 2010 Midterm Elections.

• NY Times Hysterical Lefty Frank Rich Accuses Ground Zero Mosque Opponents of Betraying the Afghan War Effort or Something.Poor General Petraeus. Over the last week he has been ubiquitous in the major newspapers and on television as he pursues a publicity tour to pitch the war he’s inherited. But have you heard any buzz about what he had to say? Any debate? Any anything? No one was listening and no one cared. Everyone was too busy yelling about the mosque.The way he's talking you would think Petraeus has lost the war already?

• Video:Israeli Official Warns: ‘We’re Preparing for War’.Likud member of Israel's Knesset, Danny Danon, appeared on Aaron Klein's WABC radio program Sunday Afternoon. "We are prepared for all risks," Danon said. "And I think our enemies should know that even though we are speaking of peace, we are getting ready for a time of war, as well."

• U.S. air-base plans hint of role in Afghanistan.Three $100 million air-base expansions in southern and northern Afghanistan illustrate Pentagon plans to continue building multimillion-dollar facilities in that country to support increased U.S. military operations well into the future.Three $100 million air-base expansions in southern and northern Afghanistan illustrate Pentagon plans to continue building multimillion-dollar facilities in that country to support increased U.S. military operations well into the future.

• Photos: Today's 'Stop the 9/11 Victory Mosque' Protest in Lower Manhattan.

• Lockerbie bomber blast at Britain: Jail killed me a million times.Breaking his silence on the first anniversary of his release, the 58-year-old cancer sufferer said he was disgusted by those who effectively wanted him dead. 'They want to quicken my death. Is it up to me?' Abdelbaset Al Megrahi Megrahi told journalists in his home city of Tripoli. 'They killed me in prison a million times, denied as I was from seeing my children and family. So what more do they want from me?'To finish your sentence perhaps?

• The left has gone completely insane?Remember also that historically, some of the most shocking brutality in the region was justified by the Bible, not the Koran. Crusaders massacred so many men, women and children in parts of Jerusalem that a Christian chronicler, Fulcher of Chartres, described an area ankle-deep in blood. While burning Jews alive, the crusaders sang, “Christ, We Adore Thee.” My hunch is that the violence in the Islamic world has less to do with the Koran or Islam than with culture.More such idiocies you can read here!

• Obama to Give Major Speech on Iraq.President to Speak After End of Vacation on Aug. 29; Gen. Odierno Says U.S. Will Return Only in "A Complete Failure".In interviews with CBS' "Face the Nation" and CNN's "State of the Union," Odierno said it may take several years before America can determine if the war was a success.Read the prob is for the next president?

• Video of lynch mob killing two teenage brothers sparks mass demonstrations across Pakistan.Federal Interior Minister Rehman Malik visited the family of the two boys Sunday in Sialkot and issued an appeal for citizens to come forward with evidence to help the investigation. He said at least 10 suspects have been arrested, including four police officers.Malik criticised the spectating police officers' lack of action, saying they should have at least fired their guns in the air to disperse the crowd.He also said the disgusted nation are baying for the mob's blood.It is not the kind of incident any civilized society can afford,' he said. 'The whole of Pakistan wants the people involved to be punished. And we are getting demands from the nation that they should be hanged at the very place where they murdered the two brothers.'

• Somalia is turning into Afghanistan: Somali rebels increasingly resemble Taliban, with floggings, music bans and possible al-Qaida links.Wherever Islam gets a foothold, after it starts building cross-cultural "bridges", it turns a country into a brutal, medieval shithole and works to exterminate infidels.Men are forced to grow beards. Women can't leave home without a male relative. Music, movies and watching sports on TV are banned. Limbs are chopped off as punishment, and executions by stoning have become a public spectacle.Welcome to A.D. 613!

• Years After Taliban, Afghan Women Fare A Little Better.Since the fall of the Taliban in Afghanistan in 2001, the situation for women there has improved marginally. Repression continues, especially in the rural areas.

• Iran to Send Larger Satellites into Space.Iranian President Mahmoud Ahmadinejad announced that his country plans to send larger and heavier satellites into space in future."We are going to put a larger satellite into space that can operate for one year and send data," Ahmadinejad said on Saturday, adding, "Iran plans to shoot satellites to altitudes of 700 km, then 1,000 km."Once this target is realized, placing a satellite at a geosynchronous orbit of 35,000 km will be easy."And meanwhile obtain the technology to launch nuclear missiles?Remember how Germany trained(Build) his luftwaffe?

• Iran unveils long-range drone to counter ‘aggressors’.The 4-meter-long drone aircraft can carry up to four cruise missiles and will have a range of 620 miles (1,000 kilometers), according to a state TV report -- not far enough to reach archenemy Israel. ”The jet, as well as being an ambassador of death for the enemies of humanity, has a main message of peace and friendship,” said Ahmadinejad at the inauguration ceremony, which fell on the country’s national day for its defense industries.The goal of the aircraft, named Karrar or striker, is to "keep the enemy paralyzed in its bases,” he said, adding that the aircraft is for deterrence and defensive purposes.For good info on Iran just trust Turkey to have it,just best friends.More here.

• Video:Gaddafi knows Israel killed JFK and talks about his African Kenian Muslim brother .He probably knows even who was bribed to let the Lockerbie bomber free also?

• HT:TheAstuteBloggers.Mapping global poverty and tyranny is mapping Islam and Socialism.

• Ground Zero Mosque Opponents, Supporters Turn Out to Demonstrate.They carried signs saying, "You Can Build Your Mosque at Ground Zero When We Can Build Our Synagogue at Mecca," and "Building a Mosque at Ground Zero Is Like Building a Memorial to Hitler at Auschwitz." Daisy Khan, Organizer, Says Opposition Is 'Like Metastasized Antisemitism'.No more then the 'metastasized racism towards Christians' in Muslim countries how many Christian Churches have there been build there lately?"We want to build bridges"to where......?

• In striking shift, small investors flee stock markets.Investors have withdrawn a staggering $33.12 billion from mutual funds in 2010.Investors withdrew a staggering $33.12 billion from domestic stock market mutual funds in the first seven months of this year, according to the Investment Company Institute, the mutual fund industry trade group. Now many are choosing investments they deem safer, like bonds.If that pace continues, more money will be pulled out of these mutual funds in 2010 than in any year since the 1980s, with the exception of 2008, when the global financial crisis peaked.Small investors are “losing their appetite for risk,” a Credit Suisse analyst, Doug Cliggott, said in a report to investors on Friday.

• Pay UpGot a blog that makes no money? The city wants $300, thank you very much.For the past three years, Marilyn Bess has operated MS Philly Organic, a small, low-traffic blog that features occasional posts about green living, out of her Manayunk home. Between her blog and infrequent contributions to ehow.com, over the last few years she says she's made about $50. To Bess, her website is a hobby. To the city of Philadelphia, it's a potential moneymaker, and the city wants its cut.In May, the city sent Bess a letter demanding that she pay $300, the price of a business privilege license.

• 10 Bigoted Remarks Made by the ‘Tolerant’ Left In Obama’s ‘Post-Racial’ America.During the 2008 Presidential campaign, we heard relentlessly about how Barack Obama would usher in the era of Post-Racial America. Upon his Presidential nomination and subsequent election, it reached a fever pitch, with every speech he made being lauded as the second coming of Martin Luther King, Jr. In reality, not so much. In fact, the reality was almost the antithesis of Martin Luther King, Jr’s dream – instead of being about character, everything became about the color of one’s skin.

• Fidelity sees record number raid their 401(k)s.Hardship withdrawals spike in troubling sign for economy.In the wake of news about a spike in new applications for unemployment benefits comes another potentially troubling sign: A record number of workers made hardship withdrawals from their retirement accounts in the second quarter.What's also eye-opening is that 45 percent of participants who took a hardship withdrawal a year ago took another one this year, McHugh said.

• Only a matter of time--inside the Muslim Brotherhood.As a world network that poses as a 'moderate' fellowship within Islam, the Muslim Brotherhood has infiltrated numerous organizations, campuses, and political groups with an extremist message of world domination.The group is also well-known for its numerous connections with terrorist organizations and state sponsors of terror, although leaders vehemently deny such charges.So thoroughly has the Brotherhood infiltrated vast sectors of American society that many counter-terrorism experts say it is only a matter of time until mayhem breaks forth with fury...against American citizens.

• US Said Preparing New Laws To Seize Americans Retirement Accounts.First They Destroy Private Healthcare in America – Yes, the socialist Democrats won their first battle to destroy the private healthcare system in the US but the automatic IRA bill now in Congress is their next attack to also control, confiscate and destroy the private retirement system. Ultimately, nationalizing healthcare is designed to create a major new government revenue stream by replacing private health insurance with a nationalized, mandatory, government program and their goal is identical with your retirement plan.

• Lenders Agree to Prop Up Ailing ShoreBank.Some of the nation's largest banks have agreed to contribute enough money to save Chicago-based ShoreBank, the community lender with strong ties to the Obama administration, FOX Business has learned.
• Update : ShoreBank fails; will be reincarnated as Urban Partnership Bank.

• HT:Michelle Malkin.ShoreBank update: A shutdown…and a quick, smelly reincarnation.Hmmm. Feds moved to shut down Obama crony bank ShoreBank today, but it’s not really going away.We did a story earlier here on MFS on the Shorebank and Obama: Connect the dots and follow the money....from ShoreBank to the Obama Administration et all ShoreBank

• Will A Decline In The Credit Rating Of U.S. Government Debt Lead To A Complete Financial Disaster?Most Americans know that individuals have credit ratings, but many of them don't realize that countries have credit ratings too, and that even a small dip in the credit rating of a nation can have a huge economic impact. For decades, U.S. government debt has had a very, very high credit rating. U.S. Treasuries were generally considered among the safest, if not the safest, investments in the world. But that is starting to change. Just this past week, Moody's Investors Service said that the U.S. government has been running up so much debt that there is actually a danger that the credit rating of U.S. government debt could be downgraded at some point in the future. That would make it significantly more expensive for the U.S. government to borrow more money, and it would cause interest on the U.S. national debt to skyrocket even further.So why should we be concerned?

• 15 Signs That The U.S. Housing Market Is Headed For Complete And Total Collapse.The U.S. housing market is dying. You will only hear hints of this on the mainstream news and from the politicians in Washington D.C., but as statistic after statistic continues to roll in, the reality of what is happening is becoming very difficult to deny. Up until the end of April, the giant tax credit that the U.S. government was bribing home buyers with helped stabilize the real estate market, but now that the tax credit has expired the decline of the U.S. housing market has resumed. Mortgage defaults continue to set new records. Foreclosures continue to set new records. Home repossessions by banks continue to set new records. The number of homes being constructed and the number of Americans applying for home loans is at stunningly low levels. For decades, owning a home has been touted as the very heart of "the American Dream", but today that dream is out of reach for an increasing number of Americans. Why?

• Entering a Death Spiral?Tensions Rise in Greece as Austerity Measures Backfire.The austerity measures that were supposed to fix Greece's problems are dragging down the country's economy. Stores are closing, tax revenues are falling and unemployment has hit an unbelievable 70 percent in some places. Frustrated workers are threatening to strike back."If you take away my family's bread, I'll take you down -- the government needs to know that," Meletis says. "And don't call us anarchists if that happens! We're heads of our families and we're desperate."