Shot in Iraq.......................

Iraqi policemen shot dead four US soldiers and their local interpreter in the main northern city of Mosul on Tuesday, an interior ministry official said "Four US soldiers and their Iraqi interpreter were killed by two Iraqi policemen who opened fire at them in the Dawasa district of (central) Mosul and then fled," the official told AFP, declining to be named. The incident took place during a US army visit to the Mosul headquarters of the Iraqi police in charge of protecting the city's bridges, police said. The bullet-riddled body of the interpreter was taken to the local mortuary....Link

Carnival....................

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Ron Paul on Bill Press............

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Rove skips House Judiciary deposition.......

Former Bush adviser Karl Rove was a no-show today at his scheduled deposition deadline for the House Judiciary Committee's ongoing probe into the U.S. attorney firings -- setting up a major decision for President Obama on how to respond to congressional subpoenas. Committee Chairman John Conyers (D-Mich.) subpeonaed Rove to find out what he knows about the Dec. 2006 firings which eventually toppled former Attorney General Alberto Gonzales. When Rove was subpoenaed in 2007, President Bush asserted "absolute immunity" for his top aides, refusing to allow them even to appear before a congressional panel. House Democrats eventually sued, and won an initial legal victory. The Bush White House, through the Justice Dept., appealed the ruling, and when Bush left office in January 2009, the case was still undecided....Link

A nation of Santellis............

When CNBC’s Rick Santelli argued last week that President Barack Obama’s mortgage bailout plan would force hardworking Americans to pay for their neighbors’ mistakes, White House press secretary Robert Gibbs dismissed him as a know-nothing derivatives trader out of touch with Main Street. But if the White House simply dismisses Santelli’s point, it may do so at its peril: A Rasmussen poll released Monday found that 55 percent of those surveyed thought federal mortgage subsidies to those most at risk of losing their homes would be “rewarding bad behavior.”....Link

U.S. Bubble Collapse to Be Worse...........

Feb. 23 (Bloomberg) -- The U.S. is facing a deflationary collapse more severe than the crash that hobbled Japan’s economy in the 1990s, leaving gold as the only defensive play for investors, according to CLSA Ltd.’s Christopher Wood. The housing recession in the U.S. led to a crisis in the banking system as lenders became saddled with illiquid mortgage assets, souring the securitization industry that helped drive credit growth in recent years. The nation’s retail sales fell 10.5 percent in December as consumers became more pessimistic and scaled back purchases...Link