The Beer Barrel

WASHINGTON (AFP) - – Troubled US government-backed mortgage firm Freddie Mac on Wednesday asked for an additional 10.6 billion dollars from the Treasury Department to cover losses.

Announcing a 6.7 billion dollar loss in the first quarter, Freddie Mac said it would need the new funding by June 30 this year.

The Washington-area company has...

MARKET VIOLENCE!
FEAR, EURO WEAKENS, RIOTS CONTINUE IN GREECE, RETAIL DISAPPOINTS

Dow Sheds 350 in Dramatic Selloff; VIX Tops 34

Stocks staged one of the most dramatic selloffs in market history Thursday as what may have been a trader error exacerbated losses in a market already jittery about the European debt crisis.

The Dow ended down...

The money for last year's make work projects is gone, and now, without something to channel their energies, our negro youth can't help but get "swept up" into commiting robbery, rape and murder. Might I suggest some cotton fields and an overseer's whip?...

http://arstechnica.com/science/news...aft-done-indicates-interbreeding-occurred.ars

By John Timmer | Last updated May 6, 2010 1:13 PM

This news has been in the works for several years, from the first reports of gene sequences in 2006 to a public overview at last year's AAAS meeting. Today's...

(Reuters) - Iran began new naval war games in the Gulf on Thursday to show the Islamic state's "power to defend" itself against any attack, state television reported.

It was the second such display of military might in less than a month.

The maneuvers by Iran's regular navy, due to last eight days in the waterway crucial for global oil...