Dignified Newsweek? They Print [expletive] John McCain,' Scalia a [expletive]

Newsweek's year-end Interview issue is "graced" on the cover by lesbian "Glee" actress Jane Lynch. We'll put "grace" in quotes since the interview inside with Lynch and well-named sex columnist Dan Savage is rude and hateful. Apparently, gay activists are encouraged to put on a bullying tone and spray hate at conservatives. Savage would say something vulgar, and then Lynch would chime in with "yeah, what he said" remarks. The interview was dated enough that the restrictions on gays in the military hadn't been lifted yet: Savage: F--k John McCain—put that in NEWSWEEK. Lynch: Yeah, I say it too, to...

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WaPo Buries, NYT Print Edition Ignores Govt. Investigation Finding Obama White House Edited BP

During the Bush administration, the media made much of political appointees supposedly editing and otherwise interfering with the integrity of the work of career federal government scientists, particularly on studies pertaining to global warming/climate change. Well now the Associated Press is reporting that an inspector general's report from the Interior Department released yesterday found that the Obama White House "edited a drilling safety report in a way that made it falsely appear that scientists and experts backed the administration's six-month moratorium on new deep-water drilling."

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Insane Fed to Print More Money(Fed: High Unemployment Concern)

RUSH: Take a look here at the unemployment news as reported today by Reuters. Headline: "Jobless Claims Drop, Monetary Stimulus Seen." Oh, and we have got to talk about this, this QE2, quantitative easing. This is the second phase of printing money. This is the Fed. The target date here is November 2 or 3. That's when they're going to have their next meeting. And all eyes are focused on this meeting, and some of them are focused with great fear. Quantitative easing is printing money, funneling a bunch of money into the economy in the hopes of igniting economic...

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Indirect Monetization by the Fed

In a brilliant piece of investigative reporting, Chris Martenson (original article here) has uncovered that the Fed, merely a week after issuing $28 billion in 7 year bonds (which Zero Hedge discussed previously) via its puppet, the US Treasury, of which $10 billion ended up being purchased by primary dealers, has turned and bought 47% of the primary allocated bonds in Open Market Purchases. This is undisputed monetization removed simply via one primary dealer and less than 5 days of temporal separation in order to leave no easy trace. As Martenson points out: "A more honest and open approach would...

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White House puts bull's Eye on Talk Radio

On Obama's agenda, according to his White House website, is the goal to "encourage diversity in media ownership." Obama elaborates on the site that his aim is to "encourage diversity in the ownership of broadcast media, promote the development of new media outlets for expression of diverse viewpoints, and clarify the public interest obligations of broadcasters who occupy the nation's spectrum." The plan apparently aligns with longstanding Democratic suggestions to resurrect the "Fairness Doctrine." The policy was abandoned in 1987 under President Reagan when there were 75 radio talk shows in the U.S. Reagan opposed the policy because it required...

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