FOREIGNERS HAVE NO CONFIDENCE IN OBAMANOMICS-NET SELLERS OF T-BILLS

By Martin Crutsinger,Yahoo Finance Foreign demand for long-term U.S. financial assets dropped by the largest amount in four months in May,as Japan and Russia trimmed their holdings of Treasury securities. The Treasury Department said Thursday that foreigners actually sold $19.8 billion more long-term U.S. securities than they purchased in May. That compared with [...]

Obama Budget deficit tops $1 trillion

By MARTIN CRUTSINGER,Business Week

Nine months into the fiscal year,the federal deficit has topped $1 trillion for the first time.

The imbalance is intensifying fears about higher interest rates and inflation,and already pressuring the value of the dollar. There’s also concern about trying to reverse the deficit —[...]

Obama intel pick works for Chinese government

Aaron Klein,World Net Daily

First the Palestinians,now the Chinese

President Obama’s nominee for a top intelligence post sits on the board of a major oil company owned by the Chinese government that is widely seen as conducting business deals meant to expand China’s influence worldwide,WND has learned.