The latest headlines from The Most Important News....

Rather than announce massive bond purchases with a finite end, as they did in 2009 to shock the U.S. financial system back to life, Fed officials are weighing a more open-ended, smaller-scale program that they could adjust as the recovery unfolds.

The Federal Reserve will boost its balance sheet by about half a trillion dollars over a six-month period beginning in November and keep it inflated for up to a year, according to a survey of leading markets participants by CNBC.

Now even major U.K. newspapers are running articles admitting that the U.S. Federal Reserve is totally out of control.

Marc Faber is warning that Fed money printing will be felt in unexpected ways around the world.

Fixed income desks are going to be subject to severe layoffs, according to a highly placed Wall Street insider quoted by CNBC with information about the plans of his firm and the plans of rivals.

U.S. home prices remain 27.9 percent below the peak set in mid-2006.

The number of Americans in the food stamp program increased a staggering 55 percent from December 2007 to June 2010.

According to a new report, in September U.S. consumer confidence sagged to its lowest levels since February.

Washington, D.C.'s workers enjoy the highest salaries of any major U.S. city., with a median household income of $85,198.

Last year, median household income fell in 34 states and increased in only one - North Dakota.

California is in talks with Wall Street banks to secure up to $5 billion in short-term loans following an exceptionally long budget impasse.

The U.S. Mint has run out of a type of highly pure gold coin it had been selling amid record high prices of gold.

Irish bond yields hit a new record high of nearly 6.8 percent recently and the cost of insuring against default on Irish government debt surged to a new record.

Many among America's liberal ruling elite are now publicly bashing the U.S. Constitution.

Democrats are considering cramming as many as 20 pieces of legislation into the lame-duck session they plan to hold after the November 2nd election.

The cybersecurity bill that lawmakers hope to pass before the end of the year includes new powers which would allow Barack Obama to shut down not only entire areas of the Internet, but also businesses and industries that fail to comply with government orders following the declaration of a national emergency.

Although no final decision has been made because of family considerations, ABC News is reporting that White House officials are preparing for Chief of Staff Rahm Emanuel to announce on Friday that he is leaving his post to explore a run for mayor of Chicago.

Federal law enforcement and national security officials are preparing to seek sweeping new regulations for the Internet, arguing that their ability to wiretap criminal and terrorism suspects is “going dark” as people increasingly communicate online instead of by telephone.

Amidst a global backlash against naked airport body scanners, Homeland Security Secretary Janet Napolitano is attempting to corral 190 nations into signing a binding agreement that will force them to adopt the new full body airport security scanners which have been heavily criticized on both health and privacy grounds.

Another very disturbing quote by White House science czar John P. Holdren has surfaced.

The EU carbon trading cabal has decided to extort the rest of the air travel world starting in 2012. In a nutshell, they’ll ban flights from landing if the airlines don’t engage in carbon trading.

Hundreds of people were buried in their homes early Tuesday after a rain-soaked mountainside gave way in southwestern Mexico.

Israeli Foreign Minister Avigdor Lieberman on Tuesday presented the United Nations with his draft for a population and territory swap, as part of an eventual peace deal between Israel and the Palestinians. Under Lieberman's controversial scheme, part of Israel's Arab population would be moved to a newly created Palestinians state, in return for evacuation of Israeli settlements in the West Bank.

Palestinian Authority President Mahmoud Abbas told radio station Europe 1 that he will stop peace talks if the Israeli settlement freeze is not reinstated.

The CIA has ramped up missile strikes against militants in Pakistan's tribal regions, current and former officials say.

The United States implied to Pakistan it would have had no choice but to hit terrorist havens in the country, had a New York car bomb plot succeeded in May, according to a new book published Monday.

Could Iran retaliate against the West for a recent cyber attack against their nuclear facilities?

North Korea’s ailing dictator Kim Jong-il appointed his youngest son a four-star general on Tuesday, giving his country the first official hint that he will be their next leader.

A top Pentagon official is holding talks in Beijing this week in an effort to revive U.S. military relations with China and reduce tensions in the region.

Cisco on Monday warned that crooks have inundated LinkedIn with emails crafted to trick members of the career-oriented social networking service into downloading software that loots bank accounts.

According to a new survey, 63 percent of Americans believe that the country is on the wrong track.

A Pentecostal pastor in the southern Indian state of Karnataka was arrested on charges of forceful conversion on Sunday.

Just seven days after he sparked controversy by omitting the word “Creator” when he closely paraphrased the passage from the Declaration of Independence that says all men “are endowed by their Creator with certain inalienable rights,” Barack Obama has again omitted the Creator when speaking about the “inalienable rights” that “everybody is endowed with.”

Barack Obama recently stated that the United States "is a country that is still predominantly Christian. But we have Jews, Muslims, Hindus, atheists, agnostics, Buddhists and that their own path to grace is one that we have to revere and respect as much as our own."

More than half of all U.S. Protestants can not identify Martin Luther as the person who inspired the Protestant Reformation.

Lastly, the new U.S. Religious Knowledge Survey, released by the Pew Forum on Religion & Public Life, has found that the American people are extremely ignorant when it comes to religious issues.  For example, of the 3,412 adults surveyed, only 2% correctly answered at least 29 of 32 questions on the Bible, major religious figures, beliefs and practices.

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World leaders scrambled to save the Middle East peace talks from collapse on Sunday after Israel refused to extend a ban on Jewish settlement building in the West Bank.

Chief Palestinian Negotiator Yasser Abed Rabbo claimed that a continuation of  building in the settlements will lead to a suspension in direct negotiations and the whole political process, Israel Radio reported on Monday.

The United States on Monday voiced disappointment after Israel ended its settlement freeze, but praised the "restraint" shown by Palestinian leadership.

Hamas leader in Damascus Khaled Mashaal says that if the international community does not force Israel to to retreat to the 1967 borders, the Palestinian people's only recourse will be open violence against Israeli settlers.

A Jewish man in his 30s, who took advantage of the holiday of Sukkot in order to visit the Temple Mount in Jerusalem, was arrested on Sunday morning simply because an Arab security guard suspected that he was praying during the tour of the complex.

A highly-sophisticated computer worm capable of seizing control of industrial plants has infected computers at Iran's first nuclear station.

The powerful computer program attacked industrial facilities around the world, but mainly in Iran, and was probably created by experts working for a country or a well-funded private group, according to an analysis by a leading computer security company.

Iranian President Mahmoud Ahmadinejad's six nights in New York featured a secret sit-down with militant minister Louis Farrakhan, heckling in a hotel bar, and a fear of being rubbed out that bordered on paranoia.

NATO helicopters in eastern Afghanistan launched more airstrikes into Pakistan on Monday, reportedly killing more than 50 militants after an outpost near the border came under attack from insurgents.

The North Korean military is reportedly preparing for a massive parade featuring some 10,000 troops, new ballistic missiles, tanks and long-range artillery guns.

Federal regulators announced on Friday a massive bailout of the nation's wholesale credit union system, underpinned by a federal guarantee valued at $30 billion or more.

Brazil's finance minister says that the nations of the world are now engaged in an "international currency war".

Nations accounting for two-thirds of the global economy are either holding down their exchange rates by direct intervention or steering currencies lower in an attempt to shift problems on to somebody else.

According to the U.S. Trade Representative’s 2010 National Trade Estimate, China openly discriminates against American manufactured and farm goods and services.

Are the U.S. and China headed for a trade war?

The House National Security Oversight Subcommittee recently heard from a number of economists and labor leaders who argued that the long, slow erosion of American manufacturing has led to the U.S. losing its edge in numerous industries that are vital to national security.

The U.S. supremacy as the top world economy will end sooner than many people believe, so gold is a better investment than the dollar despite it hitting a new record, Tom Winnifrith, CEO at financial services firm New Rivington Street Holdings, told CNBC.com Monday.

A German firm that installs and manages gold vending machines aims to introduce them into the United States this year as it expands rapidly to take advantage of demand for bullion in times of economic uncertainty.

Will the Federal Reserve's next round of quantitative easing sink the U.S. dollar?

Airline fees are steadily increasing — some by more than 50% since a year ago, a USA TODAY analysis shows.

Defense contractors are pouring large amounts of money into the campaigns of incumbents to help them get re-elected this fall.

The Council on Foreign Relations recently published an article with this striking headline: "Are Americans Too Constitution Obsessed?"

The Economist recently published an article with this disturbing headline: "The Perils Of Constitution-Worship".

Agents from the FBI searched eight homes in Chicago and Minnesota on Friday as part of an investigation the law enforcement agency said related to "the material support of terrorism".  Targets of the searches accused the government of harassing anti-war protesters.

In Afghanistan, local and NATO forces are amassing biometric dossiers on hundreds of thousands of cops, crooks, soldiers, insurgents and ordinary citizens. And now, with NATO’s backing, the Kabul government is putting together a plan to issue biometrically backed identification cards to 1.65 million Afghans by next May.

Tapes obtained by CNN of interrogations of a group of U.S. servicemen charged with the unprovoked killings of Afghan civilians describe gruesome scenes of cold-blooded murder carried out under the influence of illegal drugs.

Cyberterrorism is such a threat that the U.S. president should have the authority to shut down the Internet in the event of an attack, former CIA director Michael Hayden recently said.

The Obama administration is drafting legislation that will see all internet providers and other online communication services, including email clients and social networks, be forced to allow the intelligence agencies unfettered backdoor access.

As Barack Obama hits the campaign trail, a new television ad entitled "Mourning In America" is being broadcast all over the nation.

Continuing racial divides in the United States have been shown by a series of digital maps of dozens of major cities.

UK businessman Jimi Heselden, the man who believed in the Segway so much that he went ahead and bought the company, has died after reportedly driving a ruggedized version of the scooter off a cliff and into a river.

The idea that changes in the sun's activity can influence the climate is making a comeback, after years of scientific vilification, thanks to major advances in our understanding of the atmosphere.

The FDA has already gone on the record stating that it will not require any special labeling of genetically modified salmon.

Some scientists are saying that now is the time to completely rewrite human DNA.

According to a new poll, the vast majority of the public still very much trusts scientists.

To a large crowd of supporters, Bishop Eddie Long vowed Sunday to fight allegations that he coerced four young men into sexual relationships.

The Archbishop of Canterbury has said that the Anglican Church has "no problem" with homosexuals being bishops but he was not "positive" about them having relationships.

On Monday, six former U.S. Air Force officers and one former enlisted man broke their silence about UFOs at the National Press Club.

Lastly, the United Nations is set to appoint an obscure Malaysian astrophysicist to act as Earth's first contact for any aliens that may come visiting.

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Barack Obama is appealing for global support for his efforts to end the Middle East peace deadlock, warning that "more blood will be shed" if it fails.

Several hours after describing what Israel and the Palestinians are expected to gain from peace in his UN General Assembly address, Jordan's King Abdullah warned that if the settlement construction freeze issue is not solved, a violent conflict could break out by the end of 2010.

Former Israeli Prime Minister Ehud Olmert says that Israel should agree to an international trusteeship in Jerusalem’s Holy Basin, should allow non-Jewish neighborhoods of Jerusalem to serve as the capital of a Palestinian state, and should offer to solve the Palestinian refugee problem within the framework of the Arab peace initiative.

Russia has announced that it is not going to sell Iran a highly advanced anti-aircraft missile system.

A large number of health insurers say that they plan to raise premiums for Americans as a direct result of the health overhaul in coming weeks.

61% of all voters nationwide say the healthcare law will increase the federal deficit.

Endangered Democrats have been forced by slumping poll ratings into campaigning in the midterm elections against health care reform.

Since 2001, approximately 42,400 American factories have closed their doors, and roughly three-fourths of those employed over 500 people while they were in operation.

According to a new study conducted by the Economic Policy Institute, if the U.S. Trade deficit with China continues to rise at its current rate, the U.S. economy will shed over half a million jobs this year.

A total of 27 states reported higher unemployment rates in August, nearly double the 14 that saw increases in July.

U.S. new home sales were unchanged at a 288,000 annual pace in August, matching July as the second-lowest amount ever in data going back to 1963.

An increasing number of Americans are moving into tent cities.

Gold futures rose to a record $1,300 an ounce in New York as investors sought a protection of wealth and an alternative to a weakening dollar.

Silver climbed to the highest price since 1980 as the dollar’s slump boosted demand for precious metals as alternative assets.

With the cost of commodities such as wheat and eggs on the rise, food manufacturers are making it clear that they won't be eating the increases alone.

The actual figure of the U.S. national debt is much higher than the official sum of 13.4 trillion dollars given by the Congressional Budget Office, according to analysts cited by the New York Post.

The U.S. dollar has hit a new all-time low against the Swiss Franc.

Is the U.S. banking system on the verge of collapse?

In the United States, consumption accounts for 70 percent of GDP. Of this 70 percent, over half is spent on services.

Barack Obama blasted Iranian President Mahmoud Ahmadinejad on Friday for what he called offensive and hateful remarks about the September 11 attacks.

North and South Korea are on the brink of war, a top Russian diplomat has warned, calling for both countries to exercise restraint and sit down for talks.

North Korean leaders headed by Kim Jong-il's son and heir apparent Jong-un met to discuss disrupting the G20 summit in November in Seoul, Radio Free Asia claimed Wednesday.

Hawkish military officers are increasingly seeing their views become official Chinese government policy.

The small but escalating conflict between China and Japan just hit a new high, as four Japanese were caught trespassing in a Chinese military zone and videotaping military targets.

It is being reported that China has placed an unofficial ban on the export of rare earth metals to Japan.

Barack Obama says that the "Mexicans" were here "long before America was even an idea".

Flooding caused by heavy rain forced the evacuation on Friday of dozens of homes in the small Minnesota city of Owatonna, where swollen waterways closed bridges and threatened to swamp neighborhoods.

A new bill in Congress would put U.S. coastal waterways under the control of the United Nations.

The Federal Communications Commission has, as expected, released unlicensed spectrum and it is anticipated that this decision to sell off the so-called "white space" will result in the widespread introduction of Super Wifi, already being trialled across the country. It is the first significant block of spectrum to be sold off in 20 years, and the FCC says it could generate as much as $7 billion in economic value each year.

U.S. lawmakers have introduced legislation that would allow the federal government to quickly block websites anywhere in the world if they are dedicated to sharing copyrighted music or other protected content.

Mercedes and Toyota are bringing new electric cars onto the market that rely on technology from the Californian automaker Tesla.

Witness testimony from more than 120 former or retired military personnel points to an ongoing and alarming intervention by unidentified aerial objects at nuclear weapons sites.

A new bill before the U.S. Senate could put many dietary supplement makers in the United States in prison for ten years.

Children as young as two are now dropping f-bombs, with researchers reporting that more kids are using profanity — and at earlier ages — than has been recorded in at least three decades.

In addition to discontent with out-of-control spending and government expansion, the American Tea Party movement is motivated by a strong devotion to the right to life of the unborn - something that appears to have caught the pro-abortion establishment, including Planned Parenthood, off-guard.

Nearly one in five gay and bisexual men in 21 major U.S. cities are infected with HIV, and nearly half of them do not know it, U.S. health officials said on Thursday.

Florida will immediately stop enforcing its ban on adoptions by gay people following a decision by a state appeals court that the three-decade-old law is unconstitutional, Gov. Charlie Crist said on Wednesday.

Stephen Hawking says that science is going to defeat religion.

Six people in the U.K. have been arrested on suspicion of inciting racial hatred after videos emerged on the internet apparently showing copies of the Koran being burned.

The Koran-burning controversy in the United States has prompted the Islamic bloc at the United Nations to revive its call for the U.N. to set up an "international monitoring mechanism" to track incidents of "Islamophobia".

More than 80 prominent Christian leaders are endorsing a 40-day fast leading up to the midterm elections.

Lastly, at least 100, and perhaps as many as several hundred, Christian pastors on Sunday will speak out on biblical issues and the political candidates on the November election ballot in direct violation of Internal Revenue Service regulations.

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The Census Bureau says that 43.6 million Americans are now living in poverty and according to them that is the highest number of poor Americans in 51 years of record-keeping.

Dell Inc., one of America’s largest manufacturers of computers, is planning to expand its operations in China with an investment of over $100 billion over the next decade, according to a company press release.

The United States-Korea Free Trade Agreement, still pending congressional approval, would remove 93 percent of the tariffs between the two countries.

According to Tax Notes, the truth is that between 1999 and 2008 employment at the foreign affiliates of U.S. parent companies skyrocketed 30 percent to 10.1 million. During that same time period, U.S. employment at American multinational corporations declined 8 percent to 21.1 million.

U.S. Treasury Secretary Timothy Geithner has issued his harshest attack to date on China’s currency policy, the latest move in an escalating superpower clash.

Is America rapidly turning into a third world nation?

Gerald Celente, the director of the Trends Research Institute, believes that the U.S. economy is headed for a depression.

Big U.S. banks are nearing the end of another disappointing quarter for their trading businesses that has deepened fears over job losses on Wall Street.

According to a new report, U.S. foreclosure activity rose in August from the previous month, and banks and lenders repossessed homes at a record pace.

The Thomson Reuters/University of Michigan index of consumer confidence fell this month to the lowest level since March 2009, when the shadow of the financial crisis hung heavily over the whole economy.

U.S. states are working harder to collect online sales taxes.

Globalists representing 60 nations will meet at the UN this coming week to push a tax on world financial transactions in the name of solving poverty and climate change.

Special Hizbullah units in Iran have successfully launched and tested a new Iranian missile "Fatah 110," according to a report over the weekend by Kuwaiti newspaper Al-Rai.

A top Iranian commander is warning of a potential U.S. led war against Iran in the near future.

Fewer than one in five Americans would support a US military strike on Iran if the Middle Eastern country continued to pursue its nuclear program in the face of international sanctions, a new poll indicates.

Iran has arrested nine Christians on the charge of evangelism, according to a report picked up by a Persian language Christian news agency.

The Russian defense minister says that Moscow still intends to proceed with a significant arms deal with Syria that includes that sale of P-800 missiles, even though the U.S. and Israel object.

Despite considerable pressure from both the U.S. and Egypt to continue the settlement construction moratorium for another three months, Prime Minister Benjamin Netanyahu’s senior ministers, a forum known as the septet, has decided not to extend the freeze.

Barack Obama made a direct appeal to black voters on Saturday in an attempt to get them to turn out for the upcoming November elections.

According to a new Gallup poll, percent of Americans believe a third major political party is needed because the Republican and Democratic Parties do a poor job of representing the American people.

In Pennsylvania, taxpayer-funded bulletins listed meetings of Tea Partiers, Quakers and Pittsburgh anti-war activists as potential security threats.

Are those seeking to enforce "the green agenda" becoming increasingly desperate?

In China, women continue to be arrested for the crime of being pregnant.

The FDA will not even allow food manufacturers to say that their food products have not been genetically modified on their food labels.

A baby has been found born alive outside a local Planned Parenthood abortion facility in North Carolina.

Less than 20 percent of Americans think popular Fox News television host Glenn Beck is the right person to lead a religious renewal movement, a new poll has revealed.

Three lesbian ministers were received Saturday on to the official clergy roster of the Evangelical Lutheran Church in America.

The top Vatican astronomer says that intelligent aliens may be living among the stars and are likely to have souls.

Religious structures are increasingly being attacked across the United States.

Dozens of Christians have defied police and threats of attack from Muslim groups to hold prayers inside their boarded-up church near the Indonesian capital.

A Seattle cartoonist who became the target of a death threat with a satirical piece called "Everybody Draw Mohammed Day" has gone into hiding on the advice of the FBI.

Lastly, sixth graders from Wellesley Middle School in Massachusetts took a trip to the Islamic Society of Boston Cultural Center in Roxbury recently to learn about Islam as part of their Social Studies curriculum. The students heard a presentation on the history and culture of Islam and then the girls were separated from the boys to participate in the daily prayer at the mosque.

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