Great gallery of dead ships

Rusted wreck

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Fed announces new plan to support mortgages

WASHINGTON (Reuters) - The Federal Reserve, in another massive life-support intervention for the U.S. financial system, on Tuesday announced a $600 billion program to buy mortgage-related debt and securities and a $200 billion facility to support...

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Fed To Buy Up To $600 Billion In Mortgage Assets

The Fed said it will purchase up to $100 billion in direct obligations from mortgage giants Fannie Mae and Freddie Mac as well as the Federal Home Loan Banks. It also will purchase another $500 billion in mortgage-backed securities, pools of mortgages that are bundled together and sold to investors.

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Pakistan Can Stop Drone Raids: Air force Chief

By Zeeshan Haider ISLAMABAD (Reuters) - Pakistan's air force is fully capable of stopping missile strikes by pilotless U.S. drones but it is up to the government to decide whether to do that, the air force chief said on Tuesday. U.S. forces in...

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Spike of Hate Crimes in LA: Skinheads are on the Rise.

In 2007, the number of reported hate crimes in Los Angeles County jumped 28 percent. Some say this is partly due to the fact that more people now know what a hate crime is. Others say an increase in white supremacist groups and the Internet's ability to spread hateful messages and music have also contributed.

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Surge and Destroy

Empire Burlesque - High Crimes and Low Comedy in the American Imperium - Chris Floyd

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Jimmy Carter Says Suffering In Zimbabwe Widespread.

A group of world leaders, including Jimmy Carter and Kofi Annan, tried to enter Zimbabwe over the weekend to assess the growing food and humanitarian crisis. They were barred, but reports coming from the country indicate the situation is "much worse than anything that we had imagined," Carter said.

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The Countdown Clock

A brief discourse on the nature and the humanity -- or lack thereof -- of someone who can say they're pleased with a war that has probably killed over 1,000,000 so far, nearly 5,000 of them his fellow-citizens, and left countless others maimed, mutilated, homeless, suicidal, and otherwise suffering.

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From Rag-to-Riches: "Towers of Gold"-LA in the XIX Century.

Author Frances Dinkelspiel captures the fascinating story of her ancestor, Isais Hellman. Hellman came to Los Angeles in 1849 with almost nothing, and went on to build a financial empire with 3 banks:The Farmers & Merchants bank, the Nevada Bank in SF and Wells Fargo. At the peak of his wealth, Hellman controlled a fortune of more than 100 million.

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