THE MOST IMPORTANT NEWS

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

Barack Obama made the following statement about globalization during his overseas trip: "There is going to be a tug-of-war within the US between those who see globalization as a threat and those who accept we live in a open integrated world, which has challenges and opportunities."

Implicitly acknowledging the decline of American dominance, Barack Obama on Sunday said the U.S. was no longer in a position to "meet the rest of the world economically on our terms".

Obama says that the U.S. could be entering "a new normal" where unemployment rates stay high.

Dependence on foreign oil continues to cripple the U.S. economy.

The price of oil and the price of gold continue to move up briskly.

Sarah Palin is publicly criticizing the Federal Reserve for the new quantitative easing program that they have initiated.

Senate Minority Leader Mitch McConnell says that he does not have “an opinion at this point” on whether Republicans should try to stop or restrict the Federal Reserve from buying $600 billion in federal government debt.

Will the competitive devaluation of world currencies result in the collapse of the global financial system?

Dallas Fed’s Dick Fisher recently made the following statement: “For the next eight months, the nation’s central bank will be monetizing the federal debt.”

China's leading credit rating agency downgraded U.S. debt to 'A' following last week’s announcement of a second round of quantitative easing.

Citibank officials are warning that central banks around the globe are going to start dumping dollars in the coming weeks.

Is the head of the World Bank actually suggesting that we should adopt a gold standard?

The government of Ireland is now essentially insolvent.

U.S. banks are failing at the fastest rate in two decades.

U.S. mortgage delinquencies increased once again during the third quarter of 2010.

The vending machine industry is up in arms following a new report by the Food and Drug Administration that estimates the industry will need to spend 14 million hours annually to comply with new calorie disclosure laws.

As of October 8th, America's strategic grain stockpile had shrunk to an unsettling 53 days.

Wall Street is still having problems with "mini flash crashes".

The Palestinian Authority is strengthening its grip on eastern Jerusalem, carrying out a policy of “creeping annexation” right under Israel's nose, a prominent activist for Jerusalem has discovered.

Anger at Israel expressed this week during Jordan's parliamentary election campaign stems from the fear that the Hashemite Kingdom may be forced to accept back the Palestinian Arabs that came under Israel's sovereignty following the 1967 Six Day War.

The Pentagon said Tuesday that a missile launch off the southern coast of California remained “unexplained” and that its mysterious origins meant that it was not possible to rule out any threat to the homeland.

U.S. officials on Monday extended a ban on air cargo from Yemen to include Somalia and slapped new restrictions on passenger goods on U.S.-bound international flights after a foiled parcel bomb plot.

The TSA has reacted to the burgeoning backlash against airport oppression with a glib response that does nothing to address the multitude of complaints put forward by some of the most prominent travel and pilots associations in the world.

A “fun loving” security officer with the Transportation Security Administration (TSA) at the Philadelphia International Airport recently pretended to find a bag of cocaine in at least two passengers’ bags.

Former President George W. Bush continues to be beyond shame. Those favored with an advance copy of his memoir, Decision Points, say it paints a picture of a totally unapologetic Bush bragging, for example, about authorizing the CIA to waterboard Khalid Sheikh Mohammed.

In the UK, foreigners have been banned from Big Ben over fears of an al-Qaeda "spectacular".

Leftist hero, Kennedy Award Winner and Pulitzer finalist Ted Rall is actually calling for violence against Tea Partiers and for a violent socialist revolution in America.

Anti-Israel sentiment in some parts of the U.S. has grown to alarming proportions.

A three-day federal crackdown on child prostitution rings across the country has resulted in the recovery of 69 children and the arrest of 884 people, including 99 pimps, federal authorities said Monday.

The scientific search for extraterrestrial intelligence went global this weekend as observatories in 13 nations on five continents trained their telescopes on several promising star systems.

Were UFOs recently caught on film near the launch pad of a NASA space shuttle?

A major solar flare erupted from the sun Saturday — one of the most powerful in years — sending an energetic blast of X-rays from a hotspot of activity that may still belch more solar storms in the days to come.

In Oregon, a 20 foot by 30 foot sinkhole opened in front of Brookings City Hall overnight Sunday.

Scientists say an excavation site in western Colorado is revealing an entire Ice Age ecosystem.

The use of iris recognition technology is expanding around the globe and it is being utilized in a vast array of commercial and government applications ranging from access control to time management.

Human blood has been made from human skin in a groundbreaking experiment at a Canadian university.

According to a new survey by Consumer Reports, 84 percent of children diagnosed with attention deficit hyperactivity disorder (ADHD) are treated with drugs at some point.

Novartis AG plans to seek regulatory approval within 18 months for a pioneering tablet containing an embedded microchip, bringing the concept of "smart-pill" technology a step closer.

Five bishops have announced that they are converting to Roman Catholicism in protest at liberal Anglican reforms and urged others to follow their path.

A temporary restraining order has been issued to block an Oklahoma state constitutional amendment that prohibits state courts from considering international or Islamic law when deciding cases.

Lastly, a congressional document posted on the Internet confirms that no one – not Congress, not the states and not election officials – bothered to check Barack Obama's eligibility to be president, and that status remains undocumented to this day.