After rattling markets last week with fears of a default, the Hungarian government announced a series of measures earlier this week including spending cuts, tax-policy changes, and a new tax on the financial sector aimed at satisfying international institutions and containing the nation’s public deficit.

In 2005 the U.S. Supreme Court, in the case of Kelo v. City of New London, ruled that governments in the United States have the right to steal their citizens’ property and transfer it to private developers as long as it serves a “public purpose,” namely bringing in more tax revenue. Thus, according to the court, the city of New London, Connecticut, was within its rights to evict Susette Kelo and others from their property in order to hand the property over to Pfizer for development — development that, in fact, never materialized.

Bilderberg GroupIn hindsight, the Steering Committee in charge of the annual gathering of elites known informally as the Bilderberg group could have chosen a better — or at least a safer — venue for this year’s gathering than Sitges, Spain. The stunning Mediterranean resort near Barcelona, known far and wide as Spain’s most decadent locale (think San Francisco’s Castro district, New Orleans’ Bourbon Street, and Palm Beach all rolled into one), just happens to be near one of several Ground Zeroes of the European economic meltdown — Madrid. (Another Ground Zero, of course, is Athens, near where the “Bilderbergers” convened last summer.)

SitgesIt happens every year in June, somewhere on the face of the Earth where there’s enough security and affluence to accommodate a gathering of the world’s most exclusive club. This weekend it’s happening in the Spanish Mediterranean resort of Sitges, near Barcelona, where the ultra-elite Bilderberg group is meeting at the heavily guarded Dolce Hotel.

"There has been a overwhelming criticism, both nationally and internationally, against the alleged “attack” on the so-called Freedom Flotilla by the Israeli Defense Force. Mainstream media outlets originally reported that boats filled with “peace activists” were attacked by violent armed Israelis. In fact, words like “slaughter” and “genocide” were used in reference to the event. Of course, as it turns out, the “peace activists” were in fact terrorists, a minor detail that has been conveniently left out in most reports on the incident. 

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