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In February, the U.S. Treasury and Labor departments jointly announced they were seeking public comment on proposed design changes to employer-sponsored 401(k) plans and individual retirement accounts that would centralize the private pension system under structures created and administered by the government… At stake for the millions of Americans with private retirement plans: Would they be able to continue making their own investment decisions? Or would Congress mandate both investment options and distribution methods? Government Retirement Accounts also would prevent workers from owning their retirement savings fully, as they could bequeath only half of their remaining account balances to their...

Prepare NOW: They "Get It"Saturday, June 5. 2010 Posted by Karl Denninger in International at 12:14 Anyone who doesn't believe that "they" (the powers that be) "get it" at this point needs to remove their head from their ass: G-20 central bankers and finance ministers agreed in a joint statement today that “within their capacity, countries will expand domestic sources of growth.” At the same time, European Central Bank President Jean-Claude Trichet told reporters that Europe’s best contribution to the global rebound is to achieve fiscal sustainability. Those two are polar opposites. You just heard Trichet admit that what everyone...

Actually, they're getting tough in a lot of places. They proved very tough for Hamas operatives in the Eastern Mediterranean last weekend. They were tough in poor Balto as well, with seven people shot to death. (Baltimore should be one of the jewels of the East Coast, but of course, it's no such thing. I wonder who's been running the place the last century.) It was nearly as tough in Chicago, with twelve shot and three dead. But when has there ever been good news from the Windy City? But none of these, however bad they may be, have the...

Arraignment today for teen in Yule killing Trial date scheduled in Salvation Army murder JOHN LYNCH ARDEMGAZ The teenager accused of gunning down a Salvation Army officer on Christmas Eve makes his first appearance today in Pulaski County Circuit Court to answer capital murder and aggravated robbery charges. Laquan Javaris Fitzpatrick, 19, who has addresses in Little Rock and Helena-West Helena, is to appear before Circuit Judge Barry Sims at 1:30 p.m. for arraignment on charges that carry the death penalty. The judge will also set trial dates for Fitzpatrick. Accused of killing Salvation Army Maj. Philip Wise on Dec....

A crunch is coming to a country near you; has already come to several countries in Europe; is likely to transform the entire Western world within the space of our lifetimes. It will obviate all the trends to which we have become accustomed. But while I have no doubt of this, I have no idea what will emerge from it. Human beings cannot see the future, except perhaps prophetically under divine inspiration. But we can see such rational things as "three into two won't go," and easily predict the catastrophe itself. We have not only an impending fiscal collapse, but...

When they’re not intimidating voters, the New Black Panther Party also holds conventions. This year’s is in Atlanta. At the risk of giving them attention, here’s an inflammatory quote from their party chairman, Malik Zulu Shabazz, Esq. “With the rise of the Tea Party, the white-right and other racist forces. With gun sales nationwide at an all time high amongst whites, with a mood that is more anti-Black than any time recent, it is imperative that we organize our forces, pool our resources and prepare for war!”

The Next American Civil War: The Populist Revolt Against the Liberal Elite Lee Harris Remember those rowdy Town-Hall meetings last summer sparked by President Obama’s proposed health-care reform? Harris wants to make the case that those eruptions of populist anger could prove to be the beginning of the next American civil war. Yes, that kind of civil war. Drawing from a wealth of history and political philosophy, he contends that the philosophical divide between the Tea Party populists and the liberal intellectuals is so deep that nothing short of a “civil breakdown” is likely to mend the rift. And he...

Updated: Sunday, 16 May 2010, 11:09 AM EDT Published : Sunday, 16 May 2010, 8:44 AM EDT DETROIT - A spokesperson for the Detroit Police Department says a 7-year-old girl named Ayana Jones was accidently shot and killed by a DPD officer. Watch the latest video report by Fox 2's Roop Raj. It happened in the 4000 block of Lillibridge at 12:40 Sunday morning. According to Detroit Police , officers went to the house to arrest a murder suspect, with a valid search warrant. The suspect was wanted in another crime that happened on Friday in Detroit. A 17-year-old high...

I remember the day when editors in American newsrooms actually edited out politically loaded and biased adjectives that reflected badly and inaccurately on a particular side in a national debate. I guess those days are simply behind us in venues like the Associated Press and the Washington Post. As a veteran of 25 years in American newsrooms, I get the distinct impression editors in so-called "mainstream" news outlets are actually seeking out opportunities to plant those descriptive bombs. Here's a recent example. It's a story that originates with David Espo of the Associated Press on the "failure" of the tea...

The 7-foot-tall metal cross in a 75-year-old war memorial that withstood the heat of the Mojave Desert and a blazing battle in the Supreme Court over its legality was ripped down and stolen Sunday night, according to federal officials. The 7-foot-tall metal cross in a 75-year-old war memorial that withstood the heat of the Mojave Desert and a blazing battle in the Supreme Court over its legality was ripped down and stolen Sunday night, according to federal officials. "This is an outrage, akin to desecrating people's graves," said Kelly Shackelford, president of the Liberty Institute, which represents the caretakers of...

Tulsa, OK - A Tulsa federal agent pleads guilty. He admits to stealing money, planting drugs and framing innocent people. His arrest is part of a larger investigation into possible corruption within the Tulsa Police Department. 34-year-old Brandon McFadden confessed to the crimes as part of a plea deal with the US Attorney's office. McFadden will also be a witness for the prosecution in other cases against law enforcement officers. Former ATF Agent Brandon McFadden finally has his day in Tulsa Federal Court and pleads guilty to a host of shocking charges including the possession and conspiracy to distribute drugs,...

One aspect of a new and improved federal regulatory scheme is the seizure of 401(k) retirement plans and the subsequent government-administered disbursement of the funds. In Chapter 3 of the Annual Report on the Middle Class released in February by Vice President Biden and the White House Task Force on the Middle Class, the Obama administration calls for enhancing the “retirement options” for the middle class by imposing “new regulations to improve the transparency and adequacy of 401(k) retirement savings.” The plan, as sketched in the 43-page document, calls for the creation of something called “Guaranteed Retirement Accounts” (GRAs). Biden...

There is a growing movement of the conservative and libertarian Republicans whose base and locomotive force is driven – and held hostage – by the Tea Party phenomenon. Firstly, this is technically, indeed, truly a “movement,” per se. Secondly, make no mistake about it, it is not at all revolutionary or progressive, but, on the contrary, is reactionary (it is backward, obsolete, and irrelevant). Thirdly, it is not at all unique and original – historically speaking, but is historically repetitive (which is partly why it is reactionary, that is to say, in opposition to history and progress, by going back...

The AP reports that nine members of the Hutaree militia group accused of plotting against the government can be released until their trial. The nine members of the Christina militia group were indicted in March on multiple charges involving an alleged plot to attack police, including seditious conspiracy and attempted use of weapons of mass destruction. Here's the ruling:Link to Order

I have finally taken a stand on the American Civil War. Read on!

DETROIT - An FBI agent who led the investigation of nine Michigan militia members charged with trying to launch war against the federal government couldn't recall many details of the two-year probe yesterday during questioning by defense lawyers. Even the judge who must decide whether to release the nine until trial was puzzled. "I share the frustrations of the defense team … that she doesn't know anything," U.S. District Judge Victoria Roberts said after agent Leslie Larsen confessed she hadn't reviewed her notes recently and couldn't remember specific details of the case.

Growing Anger At Collapse Of U.S.A. Standard Of Living Politics / US Politics Apr 25, 2010 - 07:03 AM By: Global Research Hiram Lee writes: A series of recent studies conducted by the Pew Research Center shed new light on the scope of the economic crisis in the US and the level of hostility the majority of the American population holds for the US government. Released in March, before the passage of the Obama administration’s health care legislation, a survey entitled “Health Care Reform—Can’t Live With It, or Without It” indicates that 92 percent of Americans give the national economy...

The Democratic National Committee this morning released this clip of the president rallying the troops, if rather coolly, for 2010. Obama's express goal: "reconnecting" with the voters who voted for the first time in 2008, but who may not plan to vote in the lower-profile Congressional elections this year. Obama speaks with unusual demographic frankness about his coalition in his appeal to "young people, African-Americans, Latinos, and women who powered our victory in 2008 [to] stand together once again."

Fear, it is said, is a great motivator. When someone on unemployment sees benefits running out and the fears of starvation, losing one’s house and seeing their children suffer arise it often motivates them to get off their butt and work. When one hears the footsteps of a burglar ascending the stairs to their bedroom fear often motivates them to collect their gun and prepare to shoot first and ask questions later. When those who believe they are endowed by God with the right to lead men fear loosing their power the motivation often arises for them to do whatever...

This video is user generated content provided by Youtube.com and is not endorsed or provided by DailyBreakNews.com (VIDEO AT LINK) My first reason for Supporting you Mr President Barack Obama came in April of 2000 when Mayor Daley and the City Council of Chicago Agreed on the payment of Reparations and Repatriation.At that time all the supporters for Reparations stood up. An you Professor Barack Obama as a constitutional law professor at The University of Chicago spokeout in support Reparations .Saying that if we can proof “A CLEAR WRONGDOER AND A CLEAR VICTIM”we could get Reparations. The second reason after...