Thick, Heavy Oil Has Started Pouring Into Louisiana’s Wetlands

The most important news for Thursday, May 20th, 2010….

Louisiana’s governor has announced that thick, heavy oil has begun polluting the state’s wetlands and estuaries.

Federal officials have announced that a tendril of oil from the massive and growing Deepwater Horizon slick appears to have latched onto the Gulf Loop.

Authorities now fear that the fishing industry in Florida will be absolutely devastated by the Gulf of Mexico oil spill.

A CBS News team was threatened with arrest for filming the oil spill in the Gulf of Mexico by Coast Guard officials who said they were acting under the authority of British Petroleum.

North Korea has threatened “full-scale war” after a South Korean investigation concluded a torpedo fired by one of North Korea’s submarines sunk one of its navy ships earlier this year.

The violence in Thailand is continuing to get even worse.

According to one new report, Palestinian President Mahmoud Abbas intends on informing U.S. envoy to the Middle East George Mitchell that the Palestinian Authority would agree to have NATO forces stationed in a future Palestinian state.

On Tuesday, voters in key primaries rewarded candidates who bucked the political establishment and punished those with records of working across party lines.

The loss by Senator Arlen Specter on Tuesday is being seen as a very bad sign for Barack Obama.

Democratic National Committee Chairman Tim Kaine says that Rand Paul is an “extremist” candidate.

At a recent Council on Foreign Relations speech in Montreal, Zbigniew Brzezinski warned that a “global political awakening” in combination with infighting amongst the elite was threatening to derail the move towards a one world government.

According to meeting minutes released on Wednesday, the Federal Reserve now has a more optimistic outlook for the U.S. economy.

Nouriel Roubini is saying that Japan could be the next nation to face a Greek-style economic crisis.

Has CNBC’s Jim Kramer jumped on to the gold bandwagon?

The former head of Germany’s central bank says that Greece may have to quit the Eurozone.

German Chancellor Angela Markel spooked investors on Wednesday by saying that the euro was in danger.

Chinese Prime Minister Wen Jiabao said on Tuesday that the global financial crisis is more serious and complex than expected.

Is the global economy now officially spinning out of control?

U.S. stock exchanges will soon impose marketwide “circuit breakers” on the shares of major companies in a bid to prevent a repeat of the near 1,000 point fall of the Dow Jones Industrial Average two weeks ago.

The U.S. Senate has rejected a ban on naked credit default swaps.

Some of the nation’s largest banks have agreed to contribute enough money to save Chicago-based ShoreBank, the community lender with strong ties to the Obama administration.

A document has been leaked that shows that Spain’s “green economy” has been an absolute economic nightmare for that nation.

According to a study by the state Legislative Analyst’s Office, a state law that requires power plants, factories and other businesses to cut greenhouse gas emissions could cause energy prices to rise and prompt businesses to delay expansion or flee California.

During recent discussions with officials from the People’s Republic of China, Obama administration officials brought up Arizona’s new immigration-enforcement law, telling the Chinese Communists it was an example of a “troubling trend” in the United States and an indication of “discrimination or potential discrimination” in American society.

The Obama administration has started using special law enforcement and intelligence teams to interrogate suspected militants in the United States and abroad.

U.S. scientists are warning that radiation from controversial new full-body airport scanners has been dangerously underestimated and could lead to an increased risk of skin cancer – particularly in children.

A Transportation Security Administration agent has been arrested for allegedly stealing nearly $500 dollars from a wheelchair bound passenger as she passed through a security checkpoint at Newark Airport.

About 3,000 Air Force communications officers are now cyberspace officers.

Republican senators are voicing concerns about the new U.S. arms-control treaty with Russia.

A new NATO report says that Iran’s ballistic missile and nuclear programs constitute a major threat to the security of the Western alliance.

The EU is warning that Europe is facing very serious water scarcity issues.

Muslim teachers at a girls school in Pakistan have reportedly derided Christian students for their faith, beat them, pressured them to convert to Islam and forced them to clean school bathrooms and classrooms after class hours.

Texas doctors are opting out of Medicare at alarming rates, frustrated by reimbursement cuts they say make participation in government-funded care of seniors not economically practical.

Experts are warning that new “superbug” strains of TB are beginning to emerge all over the world.

A 6.0 magnitude earthquake struck the nation of Peru on Tuesday.