Osama Alert: Get Ready for Spin

Question is: what major story is getting covered up by Osama-mania?

With all the high tech gadgets available on the cheap in today's markets, it's rather funny Osama has no such hardware to get his jhi-tard messages out too.

Is it because dead men tell no yarns?

Current National Threat Level is elevated

Bin Laden wording 'indicator' of upcoming attack AFP
Osama bin Laden's word choice in the latest audio message attributed to him is seen as a "possible indicator" of an upcoming attack by his Al-Qaeda network, a US monitoring group warned Sunday.

IntelCenter, a US group that monitors Islamist websites, also said that manner of the release and the content of the message showed it was "credible" that it was a new release from the Saudi extremist.

"The Osama bin Laden audio message released to Al-Jazeera on 24 January 2010 contains specific language used by bin Laden in his statements in advance of attacks," IntelCenter said in a statement.

Hong Kong is Freest Economy

The standard of freedom is dropping by leaps and bounds. Does the U.S. economy recover when we work as cheap as the Chinese do?

Hong Kong remains world's freest economy AFP
Hong Kong remains the world's freest place to do business while the United States has lost its claim to an unrestricted economy, according to an annual report published Wednesday.

Hong Kong, a former British colony which was returned to China in 1997, edged out rival Singapore to claim top spot for the sixteenth consecutive year in the 2010 Index of Economic Freedom.

China becomes World's Leader in Exports

China 'overtakes Germany as world's largest exporter' -BBC News
China's exports rose 17.7% in December, state media has reported, suggesting the country has overtaken Germany as the world's largest exporter.

Fear of the Dragon -Economist
China takes an even bigger slice of America’s market. In the first ten months of 2009 America imported 15% less from China than in the same period of 2008, but its imports from the rest of the world fell by 33%, lifting China’s market share to a record 19%. So although America’s trade deficit with China narrowed, China now accounts for almost half of America’s total deficit, up from less than one-third in 2008.

US Slaps Tariff on China; Gold Price Jumps -Seeking Alpha
Back in September, I wrote a commentary in which I linked U.S. tariffs against Chinese pipe imports to the surge in the price of gold (“Has Trade-War Started Between U.S. and China?”). At that time, gold had just (impressively) broken above $1000/oz – smashing through resistance levels which had restrained it for most of the year. Days later the U.S. announced large duties against those Chinese imports.

Skip ahead four months. Gold started the year marching higher, and on Tuesday, January 5th the U.S. announced additional duties on those Chinese steel products. In this game of tit-for-tat, it is difficult to say which of the two parties is instigating these actions and which is “retaliating”. The causality issue is especially difficult in this situation since applying duties is a process which takes many weeks – and certainly the Chinese government would have been aware of “rumblings” that additional, punitive duties would be applied. On the other hand, pushing up the price of gold (and silver) through buying-up supplies is a tactic which can be commenced instantaneously.

Chinese Dog Food

Learn to Speak Tea Bag

Teabaggers Send Death Threats to a Cartoonist -markfiore.com

Newspeak: an official or semiofficial style of writing or saying one thing in the guise of its opposite, esp. in order to serve a political or ideological cause while pretending to be objective.

Washington, DC: Radioactive Dead Zone

The price of seafood has skyrocketed, which is a good indication where the price of land food is headed.

Radioactive Groundwater Contamination in the Chesapeake Bay Global Research
Washington, DC, one of the most stunning cover-ups in environmental criminal history quietly gurgles below our feet. For outside the awareness of nearly 17 million residents exists a total news blackout of nuclear power plants that have leaked radioactive chemicals into the groundwater of the Chesapeake Bay Watershed.

California's Economic Forecast is Up in Smoke

The Governator is living up to his terminator label, especially when it comes to the California economy.

California's scary sneak preview -Washington Post
David Paterson, the governor of New York, casually mentioned that he thinks California might default on its debt. That's bad enough, as it could drag down the national recovery. But what's worse is that this picture is probably coming to a theater near, well, all of us.

The lesson of California is that a political system too dysfunctional to avert crisis is also too dysfunctional to respond to it.

California Watch: Will California Default on Bond Debt in 2010? -Market News International