News Headlines And Commentary For May 25, 2010

Posted by Red Kingman on

Eight charged with accessing Obama records plead not guilty

(Quadcitytimes.com)Eight of the nine people accused of accessing Barack Obama’s student loan records without permission made their initial appearances in a Davenport courtroom Monday and entered not guilty pleas.  The indictments were filed earlier this month in U.S. District Court, Davenport. The defendants are charged with exceeding computer access. Each faces up to a year in prison and a $100,000 fine, if convicted.  The U.S. attorney's office says a grand jury returned the indictments Wednesday in U.S. District Court in Davenport.  The US Department of Education initiated the investigation. Does anyone else think that this is highly unusual that 1) a sitting President isn't voluntarily releasing the records in question and 2) That those who sought the information were fired and charged with "exceeding computer access"? Who initiated the investigation I wonder? 

 

Gold Rising as Euro Weakens Spurs More Speculation 

(Bloomberg.com)Speculators are buying gold faster than the world’s biggest producers can mine it as analysts forecast a 27 percent rally that may extend the longest run of annual gains since at least 1920.

Exchange-traded products backed by bullion added 41.7 metric tons in the week to May 14, the most in 14 months, data from UBS AG show. Even though prices have fallen 4.6 percent to $1,191.65 from a record $1,249.40 an ounce May 14, the median in a Bloomberg survey of 23 traders, analysts and investors shows it will reach $1,500 by the end of the year. Well gee, I wonder why there is such a sudden and seemingly desperate bid to buy up THAT much gold? Our Dollars, Euros, and other paper currencies are still solvent, aren't they? Won't they continue to be as strong as we are continually told they will be?

 

Pushy fliers may show up on TSA's radar

The Transportation Security Administration says it is keeping records of people who make its screeners feel threatened as part of an effort to prevent workplace violence.  Privacy advocates fear the database could feed government watch lists and subject innocent people to extra airport screening.

"Is this going to be the baby watch list? There's a potential for the misuse of information or the mischaracterization of harmless events as potential threats," American Civil Liberties Union lawyer Michael German said.  Wow, so let me get this right, along with terrorists, Homeland Security is also keeping a list of whiners? Do they really have time for that with guys trying to come aboard planes with bombs in their underwear and their shoes?

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