Bernanke Speech to Set Market.

Fed Chairman Ben Bernanke speaks on the economy and policy, at a time when both are shaky in the eyes of the markets. Bernanke's Friday morning address in Jackson Hole, Wyo. has become one of the most discussed, debated and dissected of his career, even before he's given it. "He's going to need a miracle to satisfy all these multiple expectations that are all over the place," said Art Cashin, director of floor operations at UBS. It is hoped that Bernanke will clarify two things - how bad the Fed believes the economy is getting and what it might do about it.Link

The Parent Company Trap

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Secrets.....

Two New York newspapers received calls from the Bush-Cheney campaign during the Republican National Convention urging them not to run a story suggesting that the campaign manager and public face of the campaign was gay, RAW STORY has learned.Link

Distractions..............

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‘Spy versus spy carnival of corruption’......

In the wake of new revelations by the New York Times of CIA support for a corrupt Afghan official, Rep. Dennis Kucinich (D-OH) accused the United States of turning Afghanistan into a "spy versus spy versus spy carnival of corruption." "We are paying all sides to fight all sides and to betray all sides," Kucinich charged in a statement released on Wednesday. "This is further evidence that the United States must remove all its troops and assets out of Afghanistan." "The tragedy is rapidly becoming a farce," he added. "They call it intelligence, but it is actually an innovative way to steal tens of billions of dollars from the U.S. taxpayers."Link

Cat killa......

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