The European Parliament has blocked a key agreement that allows the United States to monitor Europeans’ bank transactions – angering Washington. .

. . .

Top US officials – including Vice-President Joe Biden, Secretary of State Hillary Rodham Clinton and Treasury Secretary Timothy Geithner – had contacted MEPs in recent days to urge them to consider “the importance of this agreement to our mutual security”, the Associated Press news agency reported. (Read more from news.bbc.co.uk)

@ 0:00 – Half Trillion $ per year trade deficit. Our government continues to do all it can to prevent Americans from saving.

@ 0:45 – Bailing out Greece creates moral hazard for nations and creditors & punishes responsible states.

@ 3:45 – Jobs bill & payroll tax holiday is a gimmick. It creates incentive to fire someone and hire a replacement at a discount. All the bill does is let politicians take credit for hires that will probably happen anyway.

@ 8:00 – This alludes to the Fed’s reluctance to raise interest rates. The Fed has painted itself into a corner. It needs to raise interest rates to stop bank from leveraging and lending out the massive quantities of money which have been printed, which would precipitate the collapse of the collar. But our phony economy and the big wall street firms with rule Washington are surviving on the easy money of artificially low interest rates. Peter Schiff discusses the Fed’s latest gimmick — paying banks to not lend money. It won’t work.

@ 9:20 – The Fed’s claim that they haven’t lost money on TARP is another obfuscation. They’ve bought crap from irresponsible banks. They won’t take a loss until they try to sell the crap.

See also: Greece is a poor country full of rich people [tax evaders]

Seems Greece can’t collect from its own citizens, so it’s going to collect from other Europeans.

Sent to me by the infamous Esoteridactyl.

We all make mistakes and, if you believe medical scholar John Ioannidis, scientists make more than their fair share. By his calculations, most published research findings are wrong.

Dr. Ioannidis is an epidemiologist who studies research methods at the University of Ioannina School of Medicine in Greece and Tufts University in Medford, Mass. In a series of influential analytical reports, he has documented how, in thousands of peer-reviewed research papers published every year, there may be so much less than meets the eye.

These flawed findings, for the most part, stem not from fraud or formal misconduct, but from more mundane misbehavior: miscalculation, poor study design or self-serving data analysis. “There is an increasing concern that in modern research, false findings may be the majority or even the vast majority of published research claims,” Dr. Ioannidis said. “A new claim about a research finding is more likely to be false than true.”

The hotter the field of research the more likely its published findings should be viewed skeptically, he determined.

. . . .

In the U. S., research is a $55-billion-a-year enterprise that stakes its credibility on the reliability of evidence and the work of Dr. Ioannidis strikes a raw nerve. In fact, his 2005 essay “Why Most Published Research Findings Are False” remains the most downloaded technical paper that the journal PLoS Medicine has ever published.

“He has done systematic looks at the published literature and empirically shown us what we know deep inside our hearts,” said Muin Khoury, director of the National Office of Public Health Genomics at the U.S. Centers for Disease Control and Prevention. “We need to pay more attention to the replication of published scientific results.”

Every new fact discovered through experiment represents a foothold in the unknown. In a wilderness of knowledge, it can be difficult to distinguish error from fraud, sloppiness from deception, eagerness from greed or, increasingly, scientific conviction from partisan passion. As scientific findings become fodder for political policy wars over matters from stem-cell research to global warming, even trivial errors and corrections can have larger consequences. (Read more from online.wsj.com)

After receiving a letter from the British Foreign Ministry promising that he wouldn’t be arrested for war crimes while in England, Israeli Deputy Foreign Minister Danny Ayalon arrived in London on Monday.

He is the first Israeli official to visit Britain since a British judge issued an edict declaring that Israeli officials would be subject to ‘universal jurisdiction’ laws requiring their arrests and trial for war crimes. The ruling included an arrest warrant for Israeli Foreign Minister, Tzipi Livni.

Since its invasion of the Gaza Strip last year that resulted in 1400 Palestinians killed, 80% of whom were civilians, and 5 Israeli civilians killed, Israeli officials have faced increased scrutiny and criticism abroad. This increased after Israel refused to acknowledge or examine the contents of the United Nations Report examining the Gaza invasion for possible war crimes. (Read more from imemc.org)

Twelve people were arrested this evening during a raucous lecture at UC Irvine where Israeli Ambassador Michael Oren came to talk about U.S.-Israel relations.

Oren was interrupted 10 times while trying to give his speech before 500 people at the UCI Student Center, where there was heavy security. Oren took a 20 minute break after the fourth protest, asked for hospitality and resumed his speech, only to be interrupted again by young men yelling at him every few minutes. Many members of the audience also applauded Oren.

After the 10th interruption, several dozens students who opposed Oren’s talk got up and walked out and staged a protest outside. It is not clear whether they were members of the UCI Muslim Student Union, which issued an email earlier in the day condemning Oren’s appearance on campus.

(Read more from politicaltheatrics.net)

In a surprisingly swift move on Thursday night that could have wide-ranging implications, the U.S. Senate passed a bill containing broad unilateral sanctions to punish foreign companies that export gasoline to Iran or help expand its domestic refinery capabilities.

The voice vote came at the eleventh hour before the chamber recessed so legislators could go home to campaign. The bill cannot come before the president to be signed into law until a conference procedure combines it with a similar House bill, the Iran Refined Petroleum Sanctions Act (IRPSA), passed in October.

The Senate move reveals an administration losing control of even its own party in foreign policy dealings, as U.S. President Barack Obama has tried to maintain engagement with Iran aimed at curbing its nuclear program, which the Islamic Republic insists is for peaceful purposes. (Read more from campaigniran.org)

In a 2008 academic paper, President Barack Obama’s appointee to head the Office of Information and Regulatory Affairs advocated “cognitive infiltration” of groups that advocate “conspiracy theories” like the ones surrounding 9/11.

Cass Sunstein, a Harvard law professor, co-wrote an academic article entitled “Conspiracy Theories: Causes and Cures,” in which he argued that the government should stealthily infiltrate groups that pose alternative theories on historical events via “chat rooms, online social networks, or even real-space groups and attempt to undermine” those groups.

As head of the Office of Information and Regulatory Affairs, Sunstein is in charge of “overseeing policies relating to privacy, information quality, and statistical programs,” according to the White House Web site. (Read more from rawstory.com)

This poor performance has caused an unprecedented collapse in the polls and the loss of three major by-elections, culminating two weeks ago in an astonishing senatorial defeat in Massachusetts. Obama’s attempts to “reset” his presidency will likely fail if he focuses on economics, where he is just one of many players.

He needs a dramatic gesture to change the public perception of him as a light-weight, bumbling ideologue, preferably in an arena where the stakes are high, where he can take charge, and where he can trump expectations.

Such an opportunity does exist: Obama can give orders for the U.S. military to destroy Iran’s nuclear-weapon capacity.

Read the response by true conservative, Pat Buchanan

Akaka (D-HI)
Alexander (R-TN)
Barrasso (R-WY)
Baucus (D-MT)
Bayh (D-IN)
Bennet (D-CO)
Bennett (R-UT)
Bingaman (D-NM)
Bond (R-MO)
Brown (D-OH)
Burr (R-NC)
Burris (D-IL)
Byrd (D-WV)
Cardin (D-MD)
Carper (D-DE)
Casey (D-PA)
Chambliss (R-GA)
Coburn (R-OK)
Cochran (R-MS)
Collins (R-ME)
Conrad (D-ND)
Corker (R-TN)
Dodd (D-CT)
Durbin (D-IL)
Enzi (R-WY)
Feinstein (D-CA)
Gillibrand (D-NY)
Graham (R-SC)
Gregg (R-NH)
Hagan (D-NC)
Hatch (R-UT)
Inouye (D-HI)
Isakson (R-GA)
Johanns (R-NE)
Johnson (D-SD)
Kerry (D-MA)
Kirk (D-MA)
Klobuchar (D-MN)
Kohl (D-WI)
Kyl (R-AZ)
Landrieu (D-LA)
Lautenberg (D-NJ)
Leahy (D-VT)
Levin (D-MI)
Lieberman (ID-CT)
Lincoln (D-AR)
Lugar (R-IN)
McCaskill (D-MO)
McConnell (R-KY)
Menendez (D-NJ)
Mikulski (D-MD)
Murkowski (R-AK)
Murray (D-WA)
Nelson (D-FL)
Nelson (D-NE)
Pryor (D-AR)
Reed (D-RI)
Reid (D-NV)
Rockefeller (D-WV)
Schumer (D-NY)
Shaheen (D-NH)
Snowe (R-ME)
Stabenow (D-MI)
Tester (D-MT)
Udall (D-CO)
Udall (D-NM)
Voinovich (R-OH)
Warner (D-VA)
Webb (D-VA)
Wyden (D-OR)

(source)

Because, nobody, not anybody, not a single person, could have possibly in their right might mind predicted that the bailouts and stimulus were not going to work.

(Story here)