Free Republic

President Andres Manuel Lopez Obrador said the nation’s companies shouldn’t expect bailouts or tax amnesties and that Mexico won’t tap a standing credit line with the International Monetary Fund even as other economies take extraordinary measures to fight a slump in activity. “No more bailouts in the style of the neoliberal period, which were given to banks, to large companies. No, don’t even think that there will be tax forgiveness or other mechanisms that were used before,” Lopez Obrador said Monday in his morning news conference.

Stupidity and ignorance rule the world. The trouble is that the stupid and the ignorant think that they are clever and well-informed. Take Mrs Hillary Clinton, next President of the United States and former chief of American foreign policy. She has directly compared Russia’s Vladimir Putin to Hitler. And she has compared events in Crimea to the Czech crisis of 1938. Dozens of other politicians and grandiose journalists are currently doing the same. It’s the one thing they think they know about history – that Britain’s pathetic Neville Chamberlain didn’t stand up to evil Adolf Hitler in 1938 at Munich...

IMF Admits That The West Is Stuck In Near DepressionIf you strip away the political correctness, Chapter Three of the IMF's World Economic Outlook more or less condemns Southern Europe to death by slow suffocation and leaves little doubt that fiscal tightening will trap North Europe, Britain and America in slump for a long time. By Ambrose Evans-Pritchard Published: 8:00PM BST 03 Oct 2010 Spain, trapped in EMU at overvalued exchange rates, had a general strike last week The IMF report – "Will It Hurt? Macroeconomic Effects of Fiscal Consolidation" – implicitly argues that austerity will do more damage than...

A top Al Qaeda operative plotted to smuggle weapons into New York Harbor in the shipping containers of a Garment District firm, the Daily News has learned. Days before he was captured in Pakistan in March, suspected 9/11 mastermind Khalid Shaikh Mohammed met in Karachi with the owner of a W. 35th St. clothing importing company and his son, law enforcement sources said. Al Qaeda's No. 3 man offered to invest $200,000 in International Management Group in exchange, federal authorities now believe, for access to IMG's Port Newark-bound shipping containers, sources say. Mohammed "is obsessed with attacking the United States,...

A second man with ties to the University of Idaho has been arrested by federal agents in a widening investigation of a suspected terrorist-related web in the Moscow, Idaho-Pullman, Wash., area, an FBI source confirmed today. Former Idaho student Bassem K. Khafagi was arrested in January at the Marriott Hotel near New York City’s LaGuardia Airport and was returned to Michigan to face bank fraud charges, court documents show. A total of four men with ties to the Moscow-Pullman area and the Michigan-based Islamic Assembly of North America have been implicated in the investigation. They include current University of Idaho...