Free Republic

US: Another Post-Bubble Shakeout Stephen Roach (New York) Five and a half years ago the equity bubble popped. Within six months, the US economy went into mild recession, and the global economy was quick to follow. Today, America’s housing bubble is finally bursting. Is the die cast for another bubble-induced downturn in the US and global economy? All asset bubbles are alike. Sure, there are obvious differences between equities -- a financial asset -- and homes -- a tangible asset. But to me, the Shiller definition says it all: A bubble is an outgrowth of powerful amplification mechanisms -- both...

Bush Administration Quietly Plans NAFTA Super Highway By Jerome R. Corsi Human Events 6-14-6 Quietly but systematically, the Bush Administration is advancing the plan to build a huge NAFTA Super Highway, four football-fields-wide, through the heart of the U.S. along Interstate 35, from the Mexican border at Laredo, Tex., to the Canadian border north of Duluth, Minn. Once complete, the new road will allow containers from the Far East to enter the United States through the Mexican port of Lazaro Cardenas, bypassing the Longshoreman's Union in the process. The Mexican trucks, without the involvement of the Teamsters Union, will drive...

OTTAWA - The meetings of a secretive global think-tank would bring 100 of the world's most powerful and influential figures to Ottawa next month and make an Ottawa hotel the host of deliberations on such weighty issues as the direction of global oil markets and potential military action against Iran. Reports circulating on the Internet say this year's Bilderberg Conference will be held June 8-11 at the Brookstreet Hotel a rumour the hotel would not confirm. But, if a gathering in Ottawa is anything like past Bilderbergs, invitees will be drawn from the pages of International Who's Who, with a...

<p>UPDATE: MSM PCs under attack by Zotob worm - CNN, NYT, ABCNEWS - update your virus defs NOW!</p> <p>Live on CNN right now ... Most PCs running Win2000 or older are now dead at MSM locations all over NYC, as well as some PCs at CNN Atlanta, and it's spreading.</p>