Dow Down 150, New CFPB Head Speaks On Liz Warren, How To Tax The Rich (Dilbert), Fitch Warns Of Horrible Accounting In China, Fascist Bankers, The Critical Difference Between The Top 1% And The Top .1% (LINKS)

Stories from around the web this afternoon.

Dow Down 150 Points

In his own words: Richard Cordray on CFPB role - Liz Warren Passed Over By Obama

Moody's Suggests US Eliminates Debt Ceiling Completely - HORRIBLE Idea

Get Ready for a 70% Marginal Top Tax Rate - WSJ

Made in U.S.A.: Wealth Inequality - Charles Hugh Smith (Great Charts)

How to Tax the Rich - By Scott Adams Creator Of Dilbert Cartoon

Ratings agencies rattle cages in U.S., Europe - Reuters

Fitch cites China's 'horrible' accounting standards as market risk

We're All Greeks Now - Pat Buchanan

Europe’s bank stress tests weren’t very stressful - Marketwatch

Two Examples of Fascism Run by Banks

Across Nation, Debt Ceiling Talks Stir Pessimism, 'Who Cares' - NYT

The Critical Difference Between the Top 1% and the Top .1% - Charles Hugh Smith

Obama Meets With the Dalai Lama at the White House as China Objects

Woman boards plane with 3-inch knife TWICE - TSA Misses Both Times

Comments

[john]

Ukraine sold $1 billion worth of weaponry in 2010 - media

http://en.rian.ru/mlitary_news/20110718/165268792.html

[snip]

Sudan also bought Grad multiple rocket launchers, 122-mm 2S1 Gvozdika self-propelled howitzers, 152-mm 1S3 Akatsia self-propelled howitzers, D-30 howitzers, 82-mm mortars and a variety of small arms, including 10,000 Kalashnikov assault rifles.



64 missile warheads stolen from Romanian train

http://news.yahoo.com/64-missile-warheads-stolen-romanian-train-094831347.html

[snip]

Bulgaria's Economy Ministry said the warheads belonged to 122mm (4.8-inch) diameter Grad rockets, which are typically fired from vehicle-mounted multiple-rocket launchers.

[TR]

I don't understand %. Which is the largest? LOL

http://nationalpriorities.org/en/resources/federal-budget-101/charts/discretionary-spending/discretionary-budget-fy2011/

[TR]

Hope everything turns out OK.
Comments on the U.S. begin around 6:40

http://www.businessinsider.com/sean-egan-all-of-europe-is-like-lehman-2011-7

[chunga]

Will Galison interview regarding Sunny Sheu is archived and can be heard at the link below:

http://www.gcnlive.com/programs/powerHour/archives.php

Select "July 18", then "Hour 2". It was great but not long enough. It's my understanding he'll be on again but no date has been set.

[DailyBail]

The debate in Washington over raising the federal debt ceiling and how best to slash the federal deficit reveals many details about the competing political and economic ideologies involved. While both sides seem to agree that cutting federal spending on domestic programs is the solution, one major element that is overlooked is that neither side truly represents the interests of working people in America.

http://www.examiner.com/independent-in-madison/in-the-federal-debt-ceiling-debate-both-sides-are-off-the-mark

[DailyBail]

Government-funded electric car company folds; more than $500,000 in taxpayer funds lost

http://www.activistpost.com/2011/07/government-funded-electric-car-company.html

[DailyBail]

Thanks for the links TR...

Chunga...thanks as well...i will get it posted...

[DailyBail]

GOP shrugs off Obama's veto threat on budget bill

http://news.yahoo.com/gop-shrugs-off-obamas-veto-threat-budget-bill-221753432.html

[DailyBail]

News of the World phone-hacking whistleblower found dead

http://www.guardian.co.uk/media/2011/jul/18/news-of-the-world-sean-hoare

[DailyBail]

WASHINGTON (MarketWatch) — President Barack Obama would veto a House Republican bill that requires Congress to add a balanced-budget amendment to the Constitution before raising the country’s debt limit, the White House said Monday, as action in the debt-ceiling debate moved to Capitol Hill.

http://www.marketwatch.com/story/us-debt-limit-debate-shifts-to-capitol-hill-2011-07-18

[DailyBail]

Ron Paul "I've NEVER Made A Personal Phone Call To Ask For Money"

http://revolutionarypolitics.tv/video/viewVideo.php?video_id=15739

[DailyBail]

American Government-Endorsed Rating Agency Downgrades U.S. Credit

http://www.washingtonsblog.com/2011/07/american-government-endorsed-rating.html