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Clipmarks | Vietnam ClipsThis is criminalclipped by: armoredbabyclippers remarks: why not build a refinery in Alaska? "The fuel prices are so high that I was out of fuel for two days and, boy, I froze my butt off," said Littlefield, a partially blind Vietnam veteran who suffers from diabetes. He lives on disability. Lawmakers have less than two months in this years session to address the problem or risk further embarrassment by Venezuelan leader Hugo Chavez, who has been quicker to come to the aid of Alaskans than their own Legislature. Last year, Venezuelan oil company Citgo donated $5 million to distribute free heating fuel to Alaskas poorest communities. The company has again promised help this year, but the program has gotten off to a late start. Despite the states vast oil wealth, fuel can still be pricey because most of it must be shipped as crude oil to be refined on the West Coast. Then it gets sent back to Alaska. ![]()
World Bank VP: Iraq war cause of sub-prime loan crisisclipped by: masburyclippers remarks: Has cost 50-60 time more than Bush predicted; banks responded to cash drain with cheap credit; A weeks war bill could end worldwide illiteracy THE Iraq war has cost the US 50-60 times more than the Bush administration predicted and was a central cause of the sub-prime banking crisis threatening the world economy, according to Nobel Prize-winning economist Joseph Stiglitz. The war was now the second-most expensive in US history after World War II and the second-longest after Vietnam, he said. The spending on Iraq was a hidden cause of the current credit crunch because the US central bank responded to the massive financial drain of the war by flooding the American economy with cheap credit. "The regulators were looking the other way and money was being lent to anybody this side of a life-support system," he said. That led to a housing bubble and a consumption boom, and the fallout was plunging the US economy into recession and saddling the next US president with the biggest budget deficit in history, he said. The money being spent on the war each week would be enough to wipe out illiteracy around the world, he said. Tags: iraq ![]() Für die Inhalte dieses Feeds ist alleine der jeweilige Autor/Anbieter verantwortlich. Die Inhalte stellen nicht die Meinung von EasyRSS dar. Dies ist eine automatisch generierte E-Mail. Bitte antworten Sie nicht auf diese E-Mail. Wenn Sie Feedback an EasyRSS senden wollen, nutzen Sie bitte das Feedback Forumlar. Wenn Sie sich von EasyRSS abmelden wollen, gehen Sie bitte auf den Menüpunkt "Meine Daten". Ihr EasyRSS Team http://www.easyrss.de | ||||