The latest headlines from The Most Important News….

Throngs of protesters gathered in Madison, Wisconsin, Thursday, pounding on the windows of the state legislature one day after the Senate passed an amended form of a controversial bill that curtails the bargaining rights of most state workers.

The Wisconsin state Assembly vote Thursday morning on union rights legislation was delayed as police removed protesters clamoring to get inside the locked-down Capitol.

Saudi police reportedly opened fire at a rally in the kingdom’s east in an apparent escalation of efforts to stop planned protests.

Will the Saudi “Day of Rage” be a major turning point in the Middle East?

Under current conditions, Libyan leader Moammar Gadhafi appears likely to survive the revolt against him because of superior equipment, the head of the U.S. intelligence community told Congress in a blunt assessment Thursday.

Qaddafi’s son Saif Al-Islam says the time has come for full-scale military action against the rebels.

French President Nicolas Sarkozy will propose air strikes on Libyan leader Muammar Gaddafi’s command headquarters to EU leaders, a source close to discussions has told AFP.

Doctors have confirmed that Bahrain is in fact using “potentially lethal and stronger methods” in order to put down calls for a more representative government.

Moody’s has cut Spain’s credit rating by one notch to Aa2, two ranks below the top level.

U.S. stocks saw a deep sea of red Thursday, as economic fears at home and political concerns in Saudi Arabia weighed heavily on investor sentiment.

The average U.S. household will spend about $700 more for gasoline in 2011 than it spent last year, bringing total motor fuel expenses up 28 percent to $3,235, based on an annual pump price of $3.61 a gallon.

The world’s largest bond fund has moved out almost entirely from US debt and into that of emerging markets and corporations.

The U.S. trade deficit increased to 46.3 billion dollars in January.

Are there signs of impending doom on the horizon for the global economy?

According to CoreLogic, home prices in the United States declined by 5.7 percent in January 2011 compared to January 2010.

The number of Americans who owe more on their mortgages than their homes are worth rose at the end of last year, preventing many people from selling their homes in an already weak housing market.

Bond king Jeff Gundlach likened municipal bonds to subprime mortgage bonds on CNBC’s Strategy Session on Wednesday.

Political paralysis in Brussels and monetary tightening by the European Central Bank has set off a fresh spasm of the eurozone bond crisis, pushing spreads on Portuguese, Irish and Greek bonds to post-EMU records.

When cycle forecaster Charles Nenner told the Fox Business network the other day that the Dow Jones was set to collapse to the 5,000 level on the back of a “major war” that will shake the globe at the end of 2012, hosts David Asman and Elizabeth MacDonald sat in stunned silence.

Is quantitative easing destroying the value of the U.S. dollar?

The head of the Securities and Exchange Commission warned Congress on Thursday that proposed cuts to the regulator’s budget would hurt its ability to do its job watching markets.

Are America’s wars bankrupting the nation?

JPMorgan Chase, one of the nation’s largest banks, is considering capping debit card transactions at either $50 or $100, according to a source with knowledge of the proposal.

Ireland’s Fine Gael party enticed voters a couple of weeks ago with their tough talk about giving haircuts to bank bondholders and renegotiating Ireland’s IMF “bailout,” but before they’ve even taken power, the new Fine Gael-Labor coalition government has already capitualted to the IMF and European banksters.

Is the world on the verge of a major food crisis?

In a sign of just how certain the move appears to be, U.S. Vice President Joe Biden fully endorsed Russia’s ascension into the World Trade Organization Wednesday during a visit to the country.

What is the island nation of Mauritius doing right that the rest of the world is doing wrong?

Amid battles over health care, the federal budget and the soaring deficit, another fight is brewing on Capitol Hill this week — over light bulbs.

U.S. Senator Rand Paul recently had some very pointed questions for Kathleen Hogan, the deputy assistant secretary for energy efficiency at the Energy Department.

Donald Trump says that he is “more serious than ever” about running for president in 2012.

A Reuters/Ipsos poll showed on Wednesday the proportion of people who believe the United States is on the wrong track has risen seven points to 64 percent.

Mexican army troops found a tunnel running between 30 meters and 50 meters (98 feet and 164 feet) that was used to move drugs and illegal immigrants under the U.S.-Mexican border.

More disgusting TSA groping videos have just come out.

It’s the largest underground freshwater supply in the world, stretching from South Dakota all the way to Texas. It’s underneath most of Nebraska’s farmlands, and it provides crucial water resources for farming in Colorado, Kansas, Oklahoma and even New Mexico. It’s called the Ogallala Aquifer, and it is being pumped dry.

China has deployed 7,000 technicians, funneled off 14 billion cubic meters of water, dug thousands of wells and sent silver iodide into the air in an effort to cause more rain.

An earthquake toppled houses and damaged a hotel and supermarket in China’s extreme southwest near the border with Myanmar on Thursday, killing at least 22 people and injuring more than 200, officials and state media said.

Iran is moving to a point where it will have the ability to produce nuclear weapons, the U.S. State Department’s senior adviser for non-proliferation and arms control said on Wednesday.

Is North Korea building an electromagnetic pulse bomb?

China used a top-secret SC-19 anti-satellite (ASAT) missile in a test last year against a target missile as part of a missile-defense system that remains shrouded in secrecy.

Canadian coins containing tiny transmitters have mysteriously turned up in the pockets of at least three American contractors who visited Canada, says a branch of the U.S. Department of Defense.

The UN on Thursday expressed alarm at a huge decline in bee colonies under a multiple onslaught of pests and pollution, urging an international effort to save the pollinators that are vital for food crops.

Pravda is reporting that there is an 85 percent death rate for “the Cambodian Avian Flu virus“.

Lastly, WorldNetDaily is reporting that Christian author Brannon Howse has just released a video in which he flays radio and TV commentator Glenn Beck as a pagan, New Age “anti-Christ” who is deluding many believers away from the Bible’s teachings and leading them toward Eastern mysticism.