Andrei Lugovoi has been accused by the British of murdering Russian intelligence agent Alexander Litvinenko, yet says his wife and child needed treatment for radiation too.

This from Craig Murray who also details why Litvinenko quit as an intelligence agency officer and why he feared for his life. He uncovered a huge heroin smuggling ring emanating out of Afghanistan through Uzbekistan and then to Russia. He told Putin about it, not realizing those involved on the Russian end were among Putin’s closest allies. The Afghan and Uzbek heroin trade enjoys similar protection at the highest levels too. Murray suggests a lot of people wanted him dead.

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California to spend more on prisons than schools.

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So say Forbes magazine

And if either or both do a bk, then Detroit will completely crater. Yikes.

Forbes makes it clear that GM has been living by borrowing money so as to make the books look good each quarter. But that’s been cheap money, they owe hundreds of billions now, and interest rates will be rising as the Fed works to stop inflation. Thus, GM will be paying much more for their money soon. And they can’t afford it.

Ford has been selling their other cars as a loss to subsidize their SUV line and now that’s looking like a short-sighted blunder.

Japanese auto companies don’t live and die by the quarterly reports. They look and plan way ahead, are innovative, and give the public what it wants.

Detroit lives and dies by the auto industry. When the dinosaurs that are GM and Ford topple and fall, a lot of innocent bystanders are going to get hurt.

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Hedge funds are attacking banks for helping those who are facing foreclosure on their homes. The hedge funds say the banks might be acting like sleazy weasels, doing underhanded things, but hey, it takes one to know one. The hedge funds also say, apparently with a straight face, that they aren’t trying to force people out of their homes. Goodness no, why would forcing banks to foreclose be construed as forcing people out of their homes?

It might almost be amusing to watch this den of thieves attack each other were not it for the human and financial wreckage in their wake.

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