Quick Hits

Some other items making news and other interesting reads.

New estimates from the White House on Friday predict the budget deficit will reach a record $1.47 trillion this year. The government is borrowing 41 cents of every dollar it spends. The full story in New York Times.

Europe's banker undergo stress tests. Of the 91 institutions under the microscope, Spain had five failures and Germany and Greece one each. More at The Guardian.

The immigration zealot and former Congressman from Colorado Tommy Tancredo just can't stay out of the news today. Beyond issuing ultimatums and making threats, the radical right winger and noted nativist has an op-ed in the Moonie Washington Times making the case for impeachment of President Obama calling the President a Marxist and "a more serious threat to America than al Qaeda."

Over at Truth Out, Sheila Samples has a post entitled The Glory of White-Wing Politics detailing the influence of Rush Limbaugh in the race baiting that has become so pervasive.

The United States locks up too many people, some for acts that should not even be criminal. The Economist reports on crime and punishment in America.

"There should be no mosque near Ground Zero in New York so long as there are no churches or synagogues in Saudi Arabia," writes former Speaker of the House and possible 2012 GOP Presidential contender Newt Gingrich. I have to admit that I have never heard a politician call for us to be more like Saudi Arabia.

Earlier this week, U.S. District Judge Ralph Beistline stopped companies from developing oil and gas wells on billions of dollars in leases off Alaska's northwest coast, saying the federal government failed to follow environmental law before it sold the drilling rights. The full story from the Associated Press. Meanwhile, Germany's Der Spiegel looks at the world's ever-increasing demand for coal.

Some good news for a change. The Los Angeles Times that mortgage defaults in California have fallen to a three year low. Still, banks are stepping up repossession of foreclosed homes.

Tags: US Deficit, Córdoba House, Tommy Tancredo, US Real Estate Sector, US Energy Issues, newt gingrich (all tags)


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