Monday, November 22, 2010

Fed Launches Insider Trading Investigation

FBN's Gerri Willis breaks down the DOJ's investigation into several of the nations hedge funds.

Rush Limbaugh Rails Against TSA Fondling

"Keep your hands off my tea bag, Mr. President," Rush Limbaugh said on his nationally syndicated program today.

Jim Turk Gold to $8000

Gold is in a 2nd stage of a bull market. We will see a more rapid price appreciation than in the past years. Price target until 2015: 8000 Dollar. Price manipulation has come to an end. Gold as natural alternative to currencies. Chances of hyperinflation 100%.Gold prohibition possible.

Already Camping for Black Friday

Lori Davenport of St. Petersburg, Florida is the first in the nation to camp outside a Best Buy for this year's Black Friday sales. The retailer gave her an iPad for her dedication. (Nov. 22)

California to Release 40K Prisoners in Next 2 Years

Reason Foundation's Adrian Moore on the state's decision to release 40,000 prisoners due to overcrowding.

Ireland Gets a Bailout, Who is Next?

Independent analyst Cornelia Meyer discusses the billions needed to boost Ireland's ailing banking sector and whether other countries will also need a loan.

Ireland Asks for Bailout


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KENNETH ROGOFF: “The Germans have their ideas and the French have their ideas and Ireland wants to keep it’s sovereignty so its a mess but I think they’ll figure it out.”

Do Body Scans Pose Health Risks?

Should passengers be concerned for their health?

Irish bailout a gamble, Eurozone days numbered

Debt-stricken Ireland WILL receive a massive bailout of over a hundred billion dollars from the European Union and International Monetary Fund. It's the second emergency rescue package organized by the Eurozone, after similar measures were taken for Greece. RT talks to Sam Bowman, head of research at the Adam Smith Institute in London.

TSA Chief Urges Against Airport Scan Boycott

"John Pistole, Administrator of the Transportation Security Administration, is urging passengers angry over new TSA safety measures not to boycott airport body scans during the holiday traveling season.

An internet-organized National Opt-Out Day is scheduled for Wednesday, the day before Thanksgiving and the busiest travel day of the year, when angry travelers are planning to refuse to walk through body scans. The graphic scans take only a few seconds, but people who decline the process must undergo an enhanced pat down which takes much longer and can cause a huge backlog of flights.

Pistole said on Monday, ""Just one or two recalcitrant passengers at an airport is all it takes to cause huge delays."" He asked flyers not to ""tie up people who want to go home and see their loved ones.""

The TSA head has acknowledge the invasiveness of the new security measures and has pledged to review them. However, he says the TSA must balance privacy with passenger protection. Pistole also noted that only a relatively small proportion of the 34 million travelers were subject to the full pat downs since the changes have gone into effect."