US to start purchases of 'toxic assets'.......

US authorities will launch a much-delayed program to buy up "toxic assets" in the banking system by early October, a Treasury official said. "The dollars will start to be invested later this month (or) early next month," said an official who asked not to be identified. The program, one of the elements of a plan to stabilize a shaky financial system, will be smaller than originally anticipated due to the improved health of financial institutions in recent months...Link

Number of poor in US climbs..................

Nearly 40 million people lived in poverty in the United States last year as the recession forced the first significant rise in the US poverty rate in five years, the US Census Bureau said in a report Thursday. The official poverty rate in 2008 was 13.2 percent, up from 12.5 percent in 2007, according to the Census Bureau's annual "Income, Poverty, and Health Insurance Coverage in the United States" report...Link

Reddit.com Interviews Ron Paul........

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Will the Revolution Be Televised in 2010....

The 2008 campaign may be over but the lasting "revolution" spawned by Rep. Ron Paul's (R-Texas) candidacy continues to echo through the political world. Paul, capitalizing on a healthy distrust of government and his strident opposition to the war in Iraq, became an Internet phenomenon -- using the web to raise an astounding $35 million for his longshot candidacy. The financial network built by Paul during his presidential race has, somewhat amazingly, continued to produce for two men seeking to serve as the Congressman's political heirs.Link

Update - HR 1207 - 285 Co-sponsors.......

Title: To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.

Update - S 604 - 24 Co-sponsors..............

Title: A bill to amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.

Ancient skeletons discovered.................

For generations, scientists have believed Africa was the cradle of mankind. Now a stunning archaeological discovery suggests our primitive ancestors left Africa to explore the world around 800,000 years earlier than was previously thought before returning to their home continent. It was there - hundreds of thousands of years later - that they evolved into modern humans and embarked on a second mass migration, researchers say...Link