Monday, October 5, 2009

Update - HR 1207 - 300 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.

Seasonal-flu shots halted in Canada.........

A "perplexing" Canadian study linking the H1N1 virus to seasonal-flu shots is throwing the nation's influenza plans into disarray and straining public faith in the government agencies responsible for protecting Canada's health. Distributed for peer review last week, the study confounded infectious-disease experts in suggesting that people vaccinated against seasonal flu are twice as likely to catch swine flu. With the paper under review, its lead researchers must stay mum until it's published. So far, the study's impact is confined to Canada. Researchers in the United States, Britain and Australia have not reported the same phenomenon...Link

300 Members Support Audit the Fed.........

WASHINGTON--(BUSINESS WIRE)--Today, the number of cosponsors in the U.S. House of Representatives for HR 1207, the Federal Reserve Transparency Act, climbed to 299. Including Congressman Ron Paul, the bill’s author, 300 members of the House of Representatives now support an audit of the Federal Reserve. S 604, the Senate companion bill, currently has 30 cosponsors. HR 1207 would open up the Fed’s funding facilities, such as the Primary Dealer Credit Facility, Term Securities Lending Facility, and Term Asset-Backed Securities Lending Facility to Congressional oversight and an audit by the non-partisan Government Accountability Office. Additionally, audits would include discount window operations, open market operations, and agreements with foreign central banks, such as ongoing dollar swap operations with European central banks...Link

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U.S. Postal Service = failure.

Since the late 19th century, the unofficial slogan of the U.S. Postal Service (it doesn't have an official one) has been guaranteed delivery through rain, sleet, or snow. Nowhere mentioned in that motto is a crippling economy or revenue and budget shortfalls. The government-subsidized service faces a nearly $7 billion net loss by year's end, landing it on the government list of federal programs at “high risk” of collapse, right up there with Medicare and the 2010 census. President Obama even piled on, remarking this summer that America's postal agency looked pretty dismal compared with private competitors like FedEx and UPS...Link

Eight U.S. troops killed..............

KABUL (Reuters) - Insurgents stormed remote outposts in eastern Afghanistan killing eight Americans in the deadliest battle in more than a year near the border with Pakistan, the U.S. military said Sunday...Link