Forums: Warning Light

A federal judge in Arizona on Wednesday broadly vindicated the Obama administration’s high-stakes move to challenge that state’s tough immigration law and to assert the primary authority of the federal government over state lawmakers in immigration matters. The ruling by Judge Susan R. Bolton, in a lawsuit against Arizona brought on July 6 by the Justice Department, blocked central provisions of the law from taking effect while she finishes hearing the case. But in taking the forceful step of holding up a statute even before it was put into practice, Judge Bolton previewed her opinions on the case, indicating that...

Warning signs are everywhere -- most of them carefully phrased and nuanced, but warnings, nevertheless. Greece and, closer to home, California are painful reminders of what could happen. CNBC is reporting that the Dow is repeating patterns that prevailed just before the Great Depression. The U.S. workforce suffered one its sharpest declines ever -- a drop of 652,000 -- in June. Economists claim that "wages are flirting with deflation." It's hard to find good news on the financial front. Now, the Congressional Budget Office (CBO) just released its "Long-Term Budget Outlook" to confirm what people already feared: The national debt...

Ohio, with its 20 electoral votes, has always been in the top tier of bellwether-states-to-watch in presidential elections given that you have to go back to 1960 -- when Richard Nixon carried it in his losing race against John F. Kennedy -- for the last time it failed to support the winner. And most of those races have been close if you subtract the blow-out elections when Lyndon Johnson defeated Barry Goldwater, Richard Nixon swamped George McGovern, Ronald Reagan trumped Jimmy Carter and then Walter Mondale, and George H.W. Bush dispatched Michael Dukakis.

This dangerous and violent crime is on the increase: Don't pick up any plastic bottles that may be lying in your yards or in the gutter, etc. Pay attention to this. 1. a plastic bottle with a cap. 2. a little Drano. 3. a little water. 4. a small piece of foil. 5. Disturb it by moving it; and BOOM!! 6. No fingers left and other serious effects to your face, eyes, etc.. People are finding these bombs in mailboxes and in their yards, just waiting for you to pick it up intending to put it in the trash. But,...

The Pacific Tsunami Warning Center has issued a Tsunami warning for all areas of the Indian Ocean after a 7.7 earthquake struck Nicobar Islands India Region. A Tsunami Watch is in effect for India / Indonesia / Sri Lanka / Myanmar / Thailand / Malaysia. Officials say earthquakes of this size have the potential to generate a destructive local tsunami and sometimes a destructive regional tsunami along coasts located usually no more than a thousand kilometers from the earthquake epicenter. It says areas further from the epicenter could experience small sea level changes and strong or unusual coastal currents. It...

WASHINGTON - The man removed from an Aeromexico flight bound for Mexico City Sunday was the subject of a terror warning issued for the U.S.-Mexico border last week, senior U.S. counterterrorism officials told NBC News on Monday. Homeland Security had asked law enforcement in Houston to be on the lookout for a suspected member of al-Shabaab, an al-Qaida ally based in Somalia, early last week, the sources said

RBS' Bob Janjuah: "THIS IS AN UBER BEAR EARLY WARNING ALERT!" Vince Veneziani May 24, 2010, 9:11 AM Permabear and RBS economist Bob Janjuah sent out an early warning today in his "Bob's World" newsletter. Janjuah reminds us that he called this 10% S&P sell-off back in late April in the last edition of "Bob's World" and that things are about to get a lot worse. His key points include: * "Sovereign limits and sovereign credibility concerns are not a future risk - they are HERE." * The UK and China are undergoing voluntary/pre-emptive tightening; one could argue it's over...

WASHINGTON (AFP) – The economic crisis could be entering a "new phase" with rising public debt threatening to undermine the stability of the global financial system, the International Monetary Fund warned Tuesday. In a biannual report on economic stability, the IMF said the latest challenge to the world's rocky financial system came as banks were regaining their footing amid the nascent global recovery. "Risks to global financial stability have eased as the economic recovery has gained steam, but concerns about advanced country sovereign risks could undermine stability gains and prolong the collapse of credit," the report said. "Without more fully...