Since December there has been a glut of stories challenging the science of climate change as represented by the IPCC. Should we be concerned? Only about climate change. More »
As we have been forecasting for the last two years, the second wave of mortgage defaults and foreclosures will hit the economy this year. Not only will we have failure in prime loans and option-arm loans, but we are faced with a new crop of subprime and ALT-A loans put into motion by Fannie Mae, Fr More »
The Joint Special Operations Command, known by the acronym JSOC, pronounced jay-sock by members of the US armed forces, carries with it a mystique. The press, JSOC’s promoters and its critics, as well as the entertainment media, have all contributed to its mystique; and that mystique is promoted More »
"Palestine" is no more. Call it a "peace process" or a "road map"; blame it on Barack Obama's weakness, his pathetic, childish admission – like an optimistic doctor returning a sick child to its parents without hope of recovery – that a Middle East peace was "more difficult" to reach t More »
As US and British troops prepare to attack the town of Marjah in Afghanistan’s Helmand Province, military commanders and the media are openly comparing the operation to the November 2004 siege of Fallujah, one of the bloodiest war crimes of the Iraq war.
Stock markets in Europe and Asia fell sharply Friday in the second day of a near-panic selloff fueled by fears that the debt crisis facing weaker European economies will throw the world economy into a “double-dip” recession.
Commodity prices—oil and gold, in particular—also fell sha More »
Goldman, which has the power to manipulate markets with its high-speed program trades, may be engaging in a Mexican standoff. The veiled threat is, “Back off on the banking reforms, or stand by and watch us continue to crash your markets.” The same manipulations were evident in the bank bailout More »
A swarm of unmanned US aircraft pounded an al Qaeda camp today in the Taliban-controlled tribal agency of North Waziristan.
Five unmanned US strike aircraft, likely the Predators and Reapers, are reported to have fired 18 missiles at a camp and vehicles in the village of Datta Khel, a known al Q More »
Peter Tertzakian has a double education in geophysics and economics and is "Chief Energy Economist" at a Canadian energy investment company. His book "A Thousand Barrels a Second: The Coming Oil Breakpoint and Challenges facing an energy dependent world" was published in 2007, but was, based on More »
I may soon end up walking the streets of Boston with a sandwich board and a tinfoil hat. I know you’ll all remember me fondly when that day comes, and stop to say hello and maybe buy me a sandwich. But in the meantime, with my wits still somewhat collected, I’m going to tell you about my presen More »
Gordon Brown has thrust the issue of Tory party
donations to the centre of the election campaign by declaring that the secrecy surrounding its biggest financial backer – Lord Ashcroft – is "a scandal".
In an exclusive interview with the Observer, in which he spoke at length of the need t More »
Jan. 21, 2010, will go down as a dark day in the history of U.S. democracy, and its decline.
On that day the U.S. Supreme Court ruled that the government may not ban corporations from political spending on elections—a decision that profoundly affects government policy, both domestic and i More »
In a striking admission from the Obama Administration's top intelligence officer, Director of National Intelligence Dennis Blair announced Wednesday that the United States may target its own citizens abroad for death if it believes they are associated with terrorist groups.
As the grandson of Winston Churchill, with an impeccable record of loyalty to his party, the veteran Conservative MP Nicholas Soames chooses his words with care. So there was a mild intake of breath on Wednesday evening when Soames stood up at a meeting of the backbench 1922 Committee, which was ad More »
A diesel-fueled power plant, nearing completion just outside Kabul, demonstrates that the U.S. Agency for International Development (USAID) and its contractors have failed to learn lessons from identical mistakes in Iraq, despite clearly signposted advice from oversight agencies.