The latest headlines from The Most Important News….

Libyan leader Moammar Gadhafi on Thursday blamed the civil war in his country on young people, who he said are taking some sort of pills and being exploited by Osama bin Laden.

Army units and militiamen loyal to Moammar Gadhafi struck back Thursday against rebellious Libyans who have risen up in cities close to the capital, attacking a mosque where many were holding an anti-government sit-in and battling others who seized control of an airport. Medical officials said 15 people were killed in the clashes.

Scores of Libyan soldiers have been executed for refusing to open fire on pro-democracy protesters, International Federation for Human Rights says.

Libyans told on Wednesday of how they were forced to form vigilante groups against foreign mercenaries that were despatched by Col. Muammar Gaddafi to visit terror on revolting citizens.

A Muslim Brotherhood cleric has called for a fatwa against embattled Libyan leader Moammar Gadhafi, saying fighting his citizens “is not heroism”.

The government of Col. Moammar Gadhafi hasn’t destroyed significant stockpiles of mustard gas and other chemical-weapons agents, raising fears in Washington about what could happen to them—and whether they may be used—as Libya slides further into chaos.

The leader of Libya’s opposition group organizing the protests both inside and outside of Libya, is currently in Washington D.C. as he and his organization direct the upheaval and bedlam consuming the North African nation.

Protestors in Bahrain say that they will stage more protests and a nationwide strike if the government refuses to resign on Thursday.

A 20-year-old Saudi student has been arrested in Texas in a bomb plot that may have targeted former President George W. Bush and nuclear plants, U.S. authorities said on Thursday.

Syria established four additional nuclear facilities aside from the one bombed by Israel in 2007, the US Institute for Science and International Security (ISIS) reported late Wednesday.

Debka is reporting that the conversation between President Barack Obama and Saudi King Abdullah early Thursday, Feb. 10, was the most acerbic that Obama has ever had with an Arab ruler.

Police fired tear gas near the Greek Parliament yesterday as clashes broke out with stone-throwing protesters during a demonstration against austerity measures, an AFP reporter said.

Wisconsin state troopers were dispatched Thursday to try to find at least one of the 14 Senate Democrats who have been on the run for eight days to delay a vote on Republican Gov. Scott Walker’s proposal to strip collective bargaining rights from nearly all public employees.

Sometimes it’s necessary to get out on the streets and “get a little bloody” a Massachusetts Democrat said Tuesday in reference to labor battles in Wisconsin.

The showdown over union rights that has paralyzed politics in Wisconsin is spreading to other American states, threatening to trigger a national “workers war” of a kind not seen since Ronald Reagan fired air traffic controllers 30 years ago.

Benchmark West Texas Intermediate crude added $1.24 at $99.34 a barrel in morning trading on the New York Mercantile Exchange. Prices have jumped 18% since Friday. In London, Brent crude added $2.19 at $113.44 on the ICE Futures exchange.

Gas prices are up nearly 6 cents this week and analysts say this is just the beginning, as oil prices soar on political strife in North Africa and the Middle East.

Oil prices have already jumped $12 this week, which means that drivers can “expect gas prices to be 37 cents higher” in the coming days, one economist recently told CNN.

Markets around the world are wondering if oil-rich Saudi Arabia is serious about boosting its production to calm surging prices in the wake of continued upheaval in Libya.

Oil could hit $220 a barrel if “Libya and Algeria were to halt oil production together,” analysts at Nomura investment bank have predicted.

Almost every single recession since World War I has been preceded by an oil crisis.

Barack Obama is “challenging” business and labor leaders today to generate ideas for creating jobs, sustaining the economic recovery and making America more competitive.

Michigan has approved a plan to shut down nearly half of the public schools in Detroit.  Under the plan, 70 schools will be closed and 72 will continue operating.

In Providence, Rhode Island the school district plans to send out dismissal notices to every one of its 1,926 teachers.

The city of Allen Park, Michigan has notified their entire fire department that they will be terminated in 30 days.

All over the country, state governments are making huge budget cuts.

Korea currently sells us 615,000 cars each year compared to the paltry 7,000 we export to that nation.

Over the past six months the bench mark 10-year Treasury note yield has risen from a yield of 2.20% to 2.74% and presently stands at about 3.60%.

Is the U.S. economy about to enter a period of rampant inflation?

The Obama administration is trying to push through a settlement over mortgage-servicing breakdowns that could force America’s largest banks to pay for reductions in loan principal worth billions of dollars.

The Census Bureau reports New Home Sales in January were at a seasonally adjusted annual rate of 284 thousand. This is down from a revised 325 thousand in December.

The National Association of Realtors (NAR) is working on a benchmark revision for existing home sales numbers.  This benchmarking is expected to result in significant downward revisions to sales estimates for the last few years – perhaps as much as 10% to 15% for 2009 and 2010.

The “problem bank ratio” has hit a 23 year high.

Just as President Obama signed and sent his annual Economic Report to Congress, the Treasury Department posted numbers that show the national debt has increased $3.5 trillion so far on Mr. Obama’s watch.

The International Monetary Fund called for a weaker dollar to help the United States reduce its deficits with the rest of the world and rebalance the global economy, in a report released Wednesday.

China’s Industrial and Commercial Bank (ICBC) reports purchases of physical gold and gold-related investments are growing at record setting rates.

A year after its “unintended acceleration” trouble began, Toyota today is announcing that it’s going to expand its recall of floor mats to include nearly 2.2 million more Lexus and Toyota vehicles in the U.S. The mats can jam against accelerator pedals — causing so-called pedal entrapment.

According to a General Accountability Office report released last week, only 44 percent of the border is under “operational control.” And of that, only 15 percent is secure.

Not content with raising taxes 66%, attempting to track down those crazy homeschoolers so they can be “helped”, and sheltering Wisconsin’s missing Democrats (we hear that Indiana’s Dems are on the run as well) Illinois actually has HB 1166 sitting in Committee right now which will criminalize individuals who own 7 or more “companion animals”.

Police say the death toll from the magnitude 6.3 quake that hit Christchurch on Tuesday has risen to 98, with 226 more reported missing.

Russia will spend $650 billion to equip its dilapidated military with 600 new warplanes, 100 ships and 1,000 helicopters by 2020, Defense Ministry officials were quoted as saying Thursday.

A smoker in New York has agreed to fork out $2,000 every time he puffs a cigar at his house, and pay his neighbors if they smell it.

Even a regional nuclear war could spark “unprecedented” global cooling and reduce rainfall for years, according to U.S. government computer models.

The Tulsa Police Deptartment is investigating a captain who refused an order to assign officers to attend an upcoming Islamic event because he said it would violate his religious beliefs.

An anti-abortion billboard featuring a young black girl and the slogan “the most dangerous place for an African-American is in the womb” has provoked sharp criticism in New York.

Pro-family groups and legal firms have expressed great disappointment with Barack Obama’s decision to stop defending the Defense of Marriage Act, saying supporters will face new challenges in court.

Fox News recently reported that two Protestant churches are getting criticized for opening their facilities to Muslims groups that are in need of a place to conduct their services.

The Canadian government is refusing to say whether it is close to approving genetically modified animals for human consumption. But if they do, you may never know it.

Lastly, it is being alleged that a new pathogen found in Roundup Ready genetically-modified crops causes spontaneous abortions and infertility in livestock.