NewsRat = ( News - Propaganda )

Gas Prices Rise 10 Cents a Gallon

2009-04-12T19:42:00.000-07:00

Gas prices have risen from national average of $1.95 to $2.05 for Regular. 10 cent increase happened in the last 3 weeks. The rise was due to the environmental costs linked to warmer weathers. Although there is a rise, the price is still 40 cents lower than last year at this time.

BOTTOM LINE:

Although we see a little increase in gas prices, it is still very cheap. Prices are due to low demand and deflation due to our current economic conditions. As the economy increases, we will see a higher demand for gas and of course higher prices will follow.

UPDATE: Captain Rescued From Somali Pirates

2009-04-12T15:50:00.000-07:00

USS Bainbridge was sent on the coast of Somalia after the news of Captain Phillips from Maersk-Alabama being held hostage by Somali Pirates. USS Bainbridge commanding officer, Frank Castellano ordered an attack operation in order to save captain Phillips. US snipers shot and killed 3 of the 4 pirates holding captain Phillips as hostage, wounding the 4th pirate. Captain Phillips has been safely rescued from the Pirates. President Obama had confirmed the US attack on the pirates in order to save Captain Phillips.

USS Bainbridge commanding officer, Frank Castellano (Left) & Maersk-Alabama Captain Richard Phillips, after rescue.

BOTTOM LINE:

This was the best move by the US in order to save Captain Phillips. This operation was also the riskiest. This sends a message to the pirates that USA does not negotiate with pirates or terrorists. Headshots often causes a muscle movement in a person, and since the pirates were aiming at the captain, it would cause them to pull the trigger. However we are glad this did not happen and Captain Phillips was safely rescued.

Wells Fargo Showing Record Profits?

2009-04-09T13:02:00.000-07:00

Wells Fargo, who received $25 Billion from us the taxpayers, has announced $3 Billion 1st quarterly profits, $20 Billion in revenue. Surprisingly Wells Fargo is doing very well. A week from now other major banks such as JP Morgan, Bank of America and Citibank will announce their 1st quarterly profits.

Wells Fargo's stock jumped up over 30% after the great news, as people saw a decent bank to invest in. Wells Fargo reports strong mortgage activity since 2007, when the housing crises started. Wells Fargo has received $190 Billion worth of mortgage applications, 25% of whom applied for loans to purchase a house. Primarily the applications were for refinancing houses.

Although it is looking great for Wells Fargo, there were still $4.6 Billion losses from foreclosed homes in the first quarter. Last year 1st quarterly profits for Wells Fargo were $2 Billion and they still received the $25 Billion aid from government. Wells Fargo was not in need for the aid, it was giving to them to be fair, as the government gave aid to every bank. On the brighter note, we see more people investing in major banks such as Bank of America after this report from Wells Fargo. Bank of America is up more than 30% also, JPMorgan is up just over 19 %while Citi Group is up over 12%.

BOTTOM LINE:

Although there are some progress in the major banks, as we see record profits, it is not yet a sign for future improvements. The only way this recession will end is when banks such as Wells Fargo start lending to businesses and people, which will get the market going. I don't mean lending to people with 100% financing, who could not afford them, which is what got us into this mess in the first place. I mean lending to people with normal amounts of regulations, not too tough and not too weak. Tough regulations will never end the recessions, weak regulations will cause a recession, we need something in the middle. Due to the very tough regulations for lending, very few businesses and people are able to get loans. Recession will be over and banks will get better as soon as they start lending.

Obama Will Announce Immigration Bill in May

2009-04-08T21:36:00.000-07:00

New York Times has reported that Obama will announce a plan in May of this year that will try and make illegal immigrants into legal. There are no specifics to the plan and it is estimated to legalize 12 million illegal immigrants. A democratic House of Representative member Luis V. Gutierrez is visiting churches to gain support for the future bill.

(Luis V. Gutierrez visiting a church in hopes of gaining support for the future bill.)

Republicans oppose and criticize this future bill saying how it will steal jobs from Americans. Republicans' arguments are that it is bad enough for Americans as it is, with high unemployment and when illegals become legal, they would fill in as workers for the Americans.

BOTTOM LINE:

If this bill is what it said to be, it will be voted by the congress. As we know majority of the congress is and controlled by Democrats. Most Democrats support an immigration reform, legalizing illegal immigrants. Republicans will oppose this bill, however Democrats will vote for it and it will get passed. Obama should secure the border first, and then think about legalizing immigration left in the US, or else more and more will come.

White House denies the bow to Saudi king by Obama

2009-04-08T17:57:00.000-07:00

So you probably have seen the latest video of Obama bowing to the Saudi king Abdullah, if you have not seen the video, I have included the video in this post. Clearly we can see Obama bowing to the Saudi king, when greeting him. Obama has showed a lot of weaknesses in the G20 summit. He has apologized on the behalf of USA, referring us as "arrogant". This weakens Obama and the US in front of all the G20 countries. Now after those comments, the G20 nations can freely say and blame the global economic crises on USA, just like after WWI, the allies teamed up and blamed Germany.

Some people argue that Obama's bowing is just a show of respect to the Saudi king. They also argue we must respect the Saudi king because we depend on their oil.

BOTTOM LINE:

The bottom line is Obama bowed to the Saudi king and it weakened Obama and the USA in front of Saudi Arabia. Now we are strongly dependant on Saudi oil, that means they are strongly dependant on our consumption of their oil. Even if Obama slapped king Abdullah on his face, we would still receive oil from them. Like the words from the movie Godfather "It's not personal, it's strictly business".

Somali Piratres Seize US Ship,Captain Being Held Hostage

2009-04-08T12:18:00.000-07:00

First time in 200 years, a US flagged ship had been seized by Somali pirates. Maersk Alabama was captured by Somali pirates early Wednesday, off the coast of Somalia. Pirates approached the US ship with couple of smaller boats and were able to take control of the ship and it's crew. Somehow the 20 crew members managed to escape and get control of their ship, after being captured. However the captain of the ship remains in custody of the pirates. Pirates will negotiate with the US on a deal to free the captain and the crew member.

US warship is on its way to the scene...

BOTTOM LINE:

It is obvious how the ship did not have a security personnel on board to protect themselves from anyone. This ship was not ready and could not shoot off the smaller boats next to the ship. Now next time the US should put a security personall on board with the crew as the number of pirate seizures have been increasing.

GM Parters with Segway to create PUMA!

2009-04-08T00:30:00.000-07:00

Sounds good right? A new hope for GM, a new partner and a new model that is powered by full lithium-ion electric battery, 35 MPG per charge. Sounds great except that the car is smaller than a gold car and less safer. Now take a look at the picture below and tell me what would happen if someone gets in a simple accident in this so called car.

PUMA, Personal Urban Mobility and Accessibility

There are currently no prices set, and no date announced by GM and Segway. Now the question is would anybody buy this so called car? You can't drive this in a highway, maybe drive it in your 10 acre mansion, if you have one. There are a lot of people that might buy it in hopes of saving money, but they won't be happy for saving $300 when they're in the hospital after a simple accident.

GM either makes high gas consuming big SUV's or small, unsafe high MPG cars. GM needs to make something right in the middle to attract the average person away from Toyota or Honda.

Why would you buy GM, when you can get a Toyota, that is much better in price and MPG. This is best part of the free market system, companies compete over you and competition always makes the product better, whether it is a car or a health insurance.

BOTTOM LINE:

With the gas prices as normal as it is now, the hopes for this so called car are low. Some people might buy it thinking they will save money, but most will not. Just like the Hummer model from GM today. GM does not need this right now, while it is still in a situation of failing as a car company. This is a gamble by GM at a wrong time.

GM Most Like Will Face Bankruptcy

2009-04-07T13:44:00.000-07:00

GM and members from the Obama administration have said many on times on record that a "quick" bankruptcy for GM might be the best option. Now we believe quick bankruptcy will happen because if Obama wanted to give the bailout money it would without giving GM 60 days, just like he did with the Banks. The firing of the GM CEO by Obama was just a show, it is a way to show people that the Government is now behind GM and it will not make mistakes as it did before. Firing of the CEO was a way of saying, even if GM goes bankrupt, the Government is behind it and will insure warranties of the cars.

The biggest problem for GM is two things, one being the low consumption of their cars. Majority of people who buy/lease cars, get it from Toyota, Honda etc. Foreign companies who offer inexpensive and more MPG per car. Especially in today's economy, no one wants to buy a Hummer, that gets 10 miles per gallon.

The second major problem for GM is its workers, who belong in a union. GM is currently paying more health care benefits for its workers than people get from medical. This is a major problem because it is costing GM billions to pay off these health care costs for its union workers.

Now the GM worker union which is called UAW and its president Ron Gettelfinger refuse reduce their benefits/demands in the sake of GM's survival. If union demands are lowered by the union and GM, it could be a turning point in GM's survival. UAW however refuses to compromise and negotiate its demands from GM.

BOTTOM LINE:

Bankruptcy is the best option for GM. GM will get an opportunity in court to re-negotiate union worker's demands and spend less for workers in the future. Now this benefits GM and not the worker, however it is better to have a low benefit job from GM, than to have no job from GM.

Obama Visits Baghdad, Iraq.

2009-04-07T12:59:00.000-07:00

Obama surprised the US soldiers in Iraq by stopping by in Baghdad after the visit to Turkey. Obama dropped hints on how US soldiers would get out of Iraq soon. He said it is time for the Iraqis to "take responsibility for their country". "They need to take responsibility for their country." Obama also met the current prime minister of Iraq.

Obama has announced an exit strategy from Iraq in 19 months. However Obama has announced that 50,000 or more US troops will stay in Iraq after the withdrawal to protect Iraq from terrorism. On February when Obama was a presidential candidate he promised a withdrawal from Iraq within 16 months and did not mention anything about 50,000 soldiers remaining in Iraq.

Now many argue that Iraq is now a democracy and free state. Now there is no real Iraqi army, no Iraqi police, No true government, it is a perfect state for terrorists, that is why US is not withdrawing fully in 19 months. Iraq would be a complete chaos and terrorism would occur regularly. Iraq war we can conclude was not successfully as a big picture, many argue that it kept it us safe for 8 years. True we were and continue to be safe for 8 + years. However we cannot say Iraq war has kept us safe, because the only accomplishment in Iraq was overthrowing Saddam and his government.

BOTTOM LINE:

Obama's visit in Iraq is to show his side, his "change" he promised. He also hopes to gain support from the troops who could be possible voters by 2012, if he decides to run again. There have been 4,265 US deaths in Iraq resulting from the war. Now the question is were the 4,265 soldiers worth Saddam and his government?

Recent shootings blamed on conservatives?

2009-04-06T21:12:00.001-07:00

You probably have heard of the recent shootings by 2 crazy killers. One of them who killed 14 people in a immigration center, supposedly upset over getting laid-off at IBM. Now why would this guy kill people from immigration center and not people from IBM, if he was upset at IBM? The other who killed 3 police officers in Pittsburgh. The left media, takes this story and blames the killing of the cops on conservatives. Yeah that's right. Popular left blogs, reported that the cop killer, killed the 3 cops because he was afraid of Obama's gun ban. Now anyone with a brain can understand that this guy is a psycho and banning of guns have nothing to do in his killings. The objective from the left, is to "diss" the conservatives, a propaganda tactic to destroy the reputation of the right wing conservatives. Don't think this will not work, because there are many uninformed people who depend on the left for their news source.

3 Police officers killed

BOTTOM LINE:

These two stories will be used on the debate over gun control. The left media will point out to these killings and argue the banning of guns. But we all know, if someone wants to kill, he/she can get a gun illegally just as easily. Obama administration has already announced a terrorist list that will ban people from getting guns who are on that list. There has been numerous cases of people "mistakenly" added to that list. These killings should not be blamed on anyone, besides the crazy killers.

Obama Visits Turkey, First Muslim Nation Visit

2009-04-06T19:05:00.000-07:00

Obama has visited Turkey to insure its strong relationship with USA. Obama specifically states "The United States is not, and never will be, at war with Islam. In fact, our partnership with the Muslim world is critical.". Now why would USA care about Turkey? Turkey is a key friend of the US in the middle east, Turkey is also a northern escape strategy from Iraq in worst cases. Turkey is also a member country of NATO.

During the campaign, Obama said he recognizes the Armenian Genocide in 1915, and will work to make US recognize it. Those who are not familiar with the Armenian Genocide, In 1915, Turks purposefully murdered 1.5 or more million Armenians in the country of Armenia (borders Turkey). Turkey fails to recognize this historic event but much of the creditable historians recognize it. USA has done little to recognize the Armenian Genocide, therefore Obama during campaign said that USA would take steps to recognize the Armenian Genocide.

Now today in Turkey, Obama talked briefly about the Armenian Genocide. He stated that USA cannot interfere with Turkey's and Armenia's views on the events and it should be left to them to decide on the event.

For the precise reason I stated above, Turkey is a key friend of the US in the middle east. Turkey takes the Armenian Genocide event very seriously and arrests anyone who speaks of it in Turkey. Turkey would stop its relationship with the USA, if we recognize this event. Another promise has been broken by the Obama administration.

BOTTOM LINE:

Obama's visit to Turkey is nothing more than a way to improve USA's relations with Turkey a key friend in the middle east. USA will never recognize the Armenian Genocide, while it is still friends with Turkey.

Welcome Message From NewsRat

2009-04-06T15:49:00.000-07:00

Hello, NewsRat isn't just another propaganda news source. It is a news source that is propaganda free and bias free. We work to provide you the information that the mainstream media is unable to deliver. We are hoping to fullfill your needs and inform you the real news about our country and politics. We provide the best and straight up news from all of mainstream media. We are farely small as of right now and are hoping to grow and provide you the news you can trust and love. Thanks,

NewsRat Team.