Oct 31

Recent polls have shown that more than 75 percent of Americans support efforts to audit the Fed, something which my bill, HR 1207, the Federal Reserve Transparency Act, aims to do. HR 1207 has the support of 304 members of Congress, and the Senate version of the bill, S. 604, is supported by 31 U.S. senators.
Source: Rep. Ron Paul: Let the dollar prove itself

The people want a real audit. Now look what the government is doing! Criminals!


ron-paul

Oct. 30 (Bloomberg) — Representative Ron Paul, the Texas Republican who has called for an end to the Federal Reserve, said legislation he introduced to audit monetary policy has been “gutted” while moving toward a possible vote in the Democratic-controlled House.

The bill, with 308 co-sponsors, has been stripped of provisions that would remove Fed exemptions from audits of transactions with foreign central banks, monetary policy deliberations, transactions made under the direction of the Federal Open Market Committee and communications between the Board, the reserve banks and staff, Paul said today.

“There’s nothing left, it’s been gutted,” he said in a telephone interview. “This is not a partisan issue. People all over the country want to know what the Fed is up to, and this legislation was supposed to help them do that.”

The Fed, led by Chairman Ben S. Bernanke, has come under greater congressional scrutiny while attempting to end the financial crisis by bailing out financial firms and more than doubling its balance sheet to $2.16 trillion in the past year. The central bank is also buying $1.25 trillion of securities tied to home loans.

Paul, a member of the House Financial Services Committee, said Mel Watt, a Democrat from North Carolina, has eliminated “just about everything” while preparing the legislation for formal consideration. Watt is chairman of the panel’s domestic monetary policy and technology subcommittee.

Keith Kelly, a spokesman for Watt, declined to comment and said Watt wasn’t immediately available for an interview. Watt’s district includes Charlotte, headquarters of Bank of America Corp., the biggest U.S. lender.

Original Language

Paul said he intends to introduce an amendment to the bill when it comes to the House floor for a vote restoring the legislation’s original language.

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Oct 31

Update:

CIT Approaches Bankruptcy After Striking Icahn, Goldman Accord (Bloomberg):

Oct. 31 (Bloomberg) — CIT Group Inc., the 101-year-old commercial lender seeking to avoid collapse, may file for a prepackaged bankruptcy as soon as this weekend after striking deals with billionaire Carl Icahn and Goldman Sachs Group Inc.

A prepackaged bankruptcy “is probably going to go through,” Icahn said yesterday. He will supply a $1 billion loan for “supplemental liquidity” that can be used as bankruptcy financing, the New York-based company said. CIT also said it reached an agreement with Goldman Sachs to keep a credit line open should the lender file for court protection.

CIT’s agreement with New York-based Goldman Sachs will reduce a $3 billion credit facility to $2.13 billion and keep the line open should CIT file for bankruptcy.

Goldman Sachs Agreement

In exchange, Goldman Sachs received $285 million in termination fees, CIT said yesterday in a filing with the U.S. Securities and Exchange Commission. Under the terms of the two companies’ original agreement, Goldman Sachs would have been due a $1 billion termination payment to close the credit line after a CIT bankruptcy.

——————

Before Goldman Sachs would have received a $1bn ‘windfall’ if CIT fails:

Goldman Sachs to be paid $1bn if CIT fails, while US taxpayers would lose $2.3bn (Financial Times)

Goldman Sachs stands to receive a payment of $1bn – while US taxpayers would lose $2.3bn – if embattled commercial lender CIT files for Chapter 11 bankruptcy protection, people familiar with the matter said.

The agreement with Goldman states that if CIT defaults or goes bankrupt, it “would be required to pay a make-whole amount” that totals $1bn, the people familiar with the matter said.

Goldman said: “This would not be a windfall payment. The make-whole payment is simply the present value of the spread to be earned over the life of the facility.”

The US taxpayer loses $2.3 billion, Goldman Sachs gains $1 billion $285 million.

I told you before that the real crisis has only just begun. This is the ‘Greatest Depression.’


CIT’s Swoon Hits Taxpayers

cit-bankruptcy-benefits-goldman-sachs
CIT would be the fifth-largest bankruptcy filing in U.S. history

The $2.3 billion in taxpayer money spent to save CIT Group Inc. is likely to be wiped out, as the lender prepares to file for bankruptcy protection in a high-stakes restructuring plan aimed at keeping the firm in business.

People familiar with the plan said CIT, a major lender to small businesses, intends to file for bankruptcy-court protection in New York within days, perhaps as early as Sunday or Monday. Financial firms such as CIT have historically been sold off or wound down after a Chapter 11 filing, for fear that customers will draw down lending lines and cause a run on the bank. But CIT expects to have enough creditor support to complete a prepackaged reorganization by year-end, a relatively short period for a bankruptcy case of its size.

In a move smoothing its restructuring, the company said Friday that it had persuaded billionaire investor Carl Icahn to support its prepackaged bankruptcy plan. Mr. Icahn, who wanted to push CIT into liquidation, failed to persuade other bondholders to derail CIT’s restructuring plan.

With $71 billion in assets, CIT would have the fifth-largest bankruptcy filing in U.S. history, trailing only those of Lehman Brothers Holdings Inc., Washington Mutual Inc., Worldcom Inc. and General Motors Corp. CIT’s Utah bank, which has about $10 billion in assets, wouldn’t be part of the bankruptcy filing.

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Oct 31

Junk food is almost as addictive as heroin, scientists have found.

study-junk-food-as-addictive-as-drugs
Eating junk food can be addictive Photo: GETTY

A diet of burgers, chips, sausages and cake will programme your brain into craving even more foods that are high in sugar, salt and fat, according to new research.

Over the years these junk foods can become a substitute for happiness and will lead bingers to become addicted.

Dr Paul Kenny, a neuroscientist, carried out the research which shows how dangerous high fat and high sugar foods can be to our health .

“You lose control. It’s the hallmark of addiction,” he said.

The researchers believe it is one of the first studies to suggest brains may react in the same way to junk food as they do to drugs.

“This is the most complete evidence to date that suggests obesity and drug addiction have common neuro-biological foundations,” said Paul Johnson, Dr Kenny’s work colleague.

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Oct 31

(Infinite Unknown) Before I get started, here is where some of the stimulus money went:

Stimulus dollars going to accused contractors (Washington Post):

President Obama and members of Congress told federal agencies earlier this year to avoid awarding funds under the American Recovery and Reinvestment Act to contractors with troubled histories of work for the federal government.

But that isn’t happening at numerous agencies, a Washington Post analysis shows. So far, 33 federal departments and agencies have awarded more than $1.2 billion in stimulus contracts to at least 30 companies that are ranked by one watchdog group as among the most egregious offenders of state and federal laws.(!!!)

The taxpayer money went to criminals.

$160,000 Per Stimulus Job!?! That is called government efficiency!

These from taxpayer money ‘created jobs’ are only short term effects and remember that the stimulus money has to be paid back through higher taxes or to be financed through US Treasuries, which is nothing more than “a promise of a tax increase in the future,” because that debt has still to be paid back plus interest.

Once nobody trusts that the US will be able to pay back its debt the US is finished. And if the Fed monetizes the debt that means that foreign investors will have to get out of the US dollar, because their investment is losing value all of the time. Investors will have to sell their US Treasuries to get out of the dollar and the dollar will be toilet paper.

Keynesianism or deficit spending is outdated and ‘the’ dead wrong economic policy. In the long-term Obamanomics (and the Fed) will not only kill jobs but it will destroy the US dollar and turn the US into a Third World country.

Let’s see what Obama had to say about deficit spending or stimulus packages:

‘Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren,” Obama said in a 2006 floor speech that preceded a Senate vote to extend the debt limit. “America has a debt problem and a failure of leadership.”
– Barack Obama

Here is what Obama did:

US budget deficit tripled to a record $1.4 trillion in 2009

Obama tripled George W. Bush’s deficit!

Now the Obama administration is after UNLIMITED bailout power!!!:

Rep. Brad Sherman: Geithner rejects $1 trillion limit on bailout power (Section 1204 is unlimited in dollar amount!):

“Section 1204 is unlimited in dollar amount and is a permanent grant of power to the executive branch. TARP contained some limits on executive compensation and an array of special oversight authorities. Section 1204 contains absolutely no limits on executive compensation and no special oversight.”

“When I asked Geithner whether he would accept a $1 trillion limit on the new bailout authority (if the executive branch wanted to spend more, it would have to come back to Congress), he rejected a $1 trillion limit, insisting that the executive branch be able to respond without coming back to Congress.”

Barack Hussein Obama is such a fraud and an insult to anybody understanding sound economics and politics, that is not bought and paid for by the elite criminals that ruin this (once) great country.

Take a look at long-term unemployment for signs of recovery and weep:

(Click on image to enlarge.)
us-unemployment

Related article:
Stimulus Created/Saved 650000 Jobs? There’s No Way to Know for Sure (Wall Street Journal)

Watch: Fall Of The Republic – The Presidency Of Barack H. Obama (The Full Movie HQ)



$160,000 Per Stimulus Job!?! The White House Calls That ‘Calculator Abuse’

white-house

Posting its results late this afternoon at Recovery.gov, the White House claimed 640,329 jobs have been created or saved because of the $159 billion in stimulus funds allocated as of Sept. 30.

Officials acknowledged the numbers were not exact, saying that states and localities that reported the numbers have made mistakes.

In recent days, the Recovery Act board has been reviewing all the numbers, with many inaccurate ones having been posted. California’s San Joaquin Regional Rail Commission received $5 million in stimulus funds to hire workers to build addition train track for the Union Pacific Railroad in an economically tarnished spot of the Golden State.

Brian Schmidt, director of planning and programming for the commission said that his staff originally reported to the Obama administration that the stimulus money saved 250 jobs. Then, realizing they had mistakenly double credited, they later changed that to 125 jobs. Tuesday, they updated it again to 74 jobs.

Ed DeSeve, senior advisor to the president for Recovery Act implementation, said he’d been “scrubbing” the job estimates so much since they came it at the beginning of the month that he now has “dishpan hands and my fingers are worn to the nub.”

White House officials heralded the unparalleled transparency in reporting job numbers to the public, but acknowledged there is no consistent standard across states or localities, or among federal agencies giving out stimulus funds, in differentiating between a “saved” job and a “created” job.

The White House argues that the actual job number is actually larger than 640,000 — closer to 1 million jobs when one factors in stimulus jobs added in October and, more importantly, jobs created indirectly, such as “the waitress who’s still on the job,” Vice President Biden said today.

So let’s see. Assuming their number is right — 160 billion divided by 1 million. Does that mean the stimulus costs taxpayers $160,000 per job?

Jared Bernstein, chief economist and senior economic advisor to the vice president, called that “calculator abuse.”

He said the cost per job was actually $92,000 — but acknowledged that estimate is for the whole stimulus package as of the end of 2010.

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Oct 31
prime-minister-yulia-tymoshenko

KIEV (AFP) – Prime Minister Yulia Tymoshenko on Friday ordered a three-week closure of Ukraine’s schools and cinemas in the toughest measures adopted yet to combat the swine flu virus in Europe.

“From today, all the school establishments in Ukraine — be they private or public — will be put on three weeks of holiday,” she told her cabinet in comments carried on Ukrainian television.

Tymoshenko said the government would also be banning “all public gatherings, every concert and every cinema showing for three weeks.”

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Oct 31

ukraine

As the world enters the H1N1 Swine Flu Pandemic season, another possible virus emerges as 30 people in the Eastern European country of Ukraine have died from this latest flu.

Each country is dealing with their own cases of the H1N1 Swine Flu and many have even taken the vaccination but is H1N1 the only flu out there? A viral infection in Ukraine has taken the lives of 30 people and at first it seemed like an ordinary flu but after a week the symptoms became worse.

Radio Netherlands Worldwide reports 40,000 Ukrainians have contracted the disease and at least 100 are in the hospital. Tests are currently being conducted and all is known is that it is not the H1N1 Swine Flu. A large number of schools and childcare facilities are being shut down, especially in the city of Lvov.

Also, government agencies are handing out surgical masks and gloves to people in the western part of Ukraine.

However, Russia Today is reporting that it is A/H1N1 or Californian Flu and the total number of deaths is closer to 40. Prime Minister Timoshenko stated, “Express-tests cannot provide a hundred percent verification of the virus, they give only 50% accuracy.

That’s why blood probes of those who died were sent to special laboratories for further testing. And only this morning it was confirmed that at least 11 deaths were caused by the A/H1N1 virus.”

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Oct 31

As a sign of global warming!


record-setting-snowstorm

A record-setting snowstorm that dumped nearly 4 feet of snow across parts of the Rockies by Thursday will threaten parts of the Midwest and South today with heavy rain and flooding.

The powerful fall storm forced hundreds of flights to be canceled in Denver and closed schools and major highways. Heavy snow fell as far west as northern Utah’s Wasatch Front to western Nebraska’s northern border. In South Dakota, snow shut down the Mount Rushmore National Memorial. A blizzard warning was in effect until morning in northwest Kansas.

The heaviest snow was reported in the foothills west of Denver, near Pinecliffe, Colo., with 43.8 inches by midday Thursday, according to the National Weather Service. October snow records were set for Cheyenne, Wyo., and Fort Collins, Colo.

“Big storms like these, they seem to come around every 10 to 12 years,” said Kyle Fredin, a weather service meteorologist in Denver.

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Oct 31

FDIC Insuring 8200 Banks with $9 Trillion in Deposits and ZERO in the Deposit Insurance Fund.


money-banks

SAN FRANCISCO (MarketWatch) — Nine more U.S. banks, all owned by the same Illinois holding company, were closed Friday by regulators, and the Federal Deposit Insurance Corp. said U.S. Bank of Minneapolis would assume their deposits.

The closings brought the total to 115 in 2009 — the first year since 1992 that more than 100 banks have gone under.

The banks as of Sept. 30 had combined assets of $19.4 billion and deposits of $15.4 billion, the FDIC said.

The deposit insurance fund will take an estimated $2.5 billion hit, the FDIC said.

All nine banks were subsidiaries of FBOP Corp., a holding company based in the Chicago suburb of Oak Park, Ill., according to the FDIC.

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Oct 31

Recovery!


vacant-home
Plywood covers the windows of a vacant home in Denver on Oct. 27, 2009. (Bloomberg)


Oct. 29 (Bloomberg) — About 18.8 million homes stood empty in the U.S. during the third quarter as banks seized properties from delinquent borrowers and new home sales fell in September.

The number of vacant properties, including foreclosures, residences for sale and vacation homes, rose from 18.4 million a year earlier and 18.7 million in the second quarter, the U.S. Census Bureau said in a report today. The record high was in the first quarter, when 18.95 million homes were vacant. The homeownership rate, meaning households that own their own residence, stood at 67.6 percent.

The worst U.S. housing crash since the Great Depression has led to a record number of foreclosures and shaved almost a third off property values. The S&P/Case-Shiller Index of 20 cities in August was 29 percent below its 2006 high, after rising for four consecutive months.

“We are bumping along the bottom of the housing market,” said James Lockhart, vice chairman of WL Ross & Co. and the former director of the Federal Housing Finance Agency. “There is the potential for another swing down.”

Sales of new U.S. homes fell 3.6 percent in September to an annual pace of 402,000, the Commerce Department said yesterday. That was lower than the 440,000 median forecast of 75 economists surveyed by Bloomberg News.

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Oct 31

Recovery!

us-unemployment
Long-term unemployment


Oct. 30 (Bloomberg) — Spending by U.S. consumers fell in September for the first time in five months after the government’s auto-rebate program expired.

The 0.5 percent decrease in purchases matched the median estimate of economists surveyed by Bloomberg News and followed a 1.4 percent jump in the prior month, Commerce Department figures showed today in Washington. Incomes were unchanged, while the savings rate climbed.

Stagnant wages and concern over mounting unemployment are causing confidence to wane, raising the risk that consumers will retrench in coming months as government assistance programs run out. The report also showed inflation was lower than the Federal Reserve’s long-term projection, indicating the policy makers can keep rates low.

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Oct 30

Editor’s note: Ron Paul is an 11-term Republican U.S. representative from Texas who made a bid for the GOP presidential nomination in 2008. His book, “End the Fed,” was recently published by Grand Central Publishing.

dr-ron-paul

Washington, D.C. (CNN) — A growing number of Americans are becoming aware of the Federal Reserve System, what it is, how it has precipitated our financial crisis, and how it continues to pursue policies that delay economic recovery and weaken the dollar.

The Fed’s actions, combined with the federal government’s bailout bills and stimulus packages, have struck a nerve in the American people.

Recent polls have shown that more than 75 percent of Americans support efforts to audit the Fed, something which my bill, HR 1207, the Federal Reserve Transparency Act, aims to do. HR 1207 has the support of 304 members of Congress, and the Senate version of the bill, S. 604, is supported by 31 U.S. senators.

Fed Chairman Ben Bernanke has embarked on an ambitious program of monetary expansion, more than doubling the monetary base to almost $1.9 trillion and doubling the size of its balance sheet to over $2 trillion, placing the American economy in a precarious position.

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Oct 30

change-we-can-believe-in
Change we can believe in!

Take a good look at the ‘FROM FUNDRAISER TO STAFFER’ list at the end of the article America!


WASHINGTON — More than 40% of President Obama’s top-level fundraisers have secured posts in his administration, from key executive branch jobs to diplomatic postings in countries such as France, Spain and the Bahamas, a USA TODAY analysis finds.

Twenty of the 47 fundraisers that Obama’s campaign identified as collecting more than $500,000 have been named to government positions, the analysis found.

Overall, about 600 individuals and couples raised money from their friends, family members and business associates to help fund Obama’s presidential campaign. USA TODAY’s analysis found that 54 have been named to government positions, ranging from Cabinet and White House posts to advisory roles, such as serving on the economic recovery board charged with helping guide the country out of recession.

Nearly a year after he was elected on a pledge to change business-as-usual in Washington, Obama also has taken a cue from his predecessors and appointed fundraisers to coveted ambassadorships, drawing protests from groups representing career diplomats. A separate analysis by the American Foreign Service Association, the diplomats’ union, found that more than half of the ambassadors named by Obama so far are political appointees, said Susan Johnson, president of the association. An appointment is considered political if it does not go to a career diplomat in the State Department.

That’s a rate higher than any president in more than four decades, the group’s data show, although that could change as the White House fills more openings. Traditionally about 30% of top diplomatic jobs go to political appointees, and roughly 70% to veteran State Department employees. Ambassadors earn $153,200 to $162,900 annually.

“It is time to end the spoils system and the de facto sale of ambassadorships,” Johnson said. “The United States is best served by having experienced, knowledgeable and trained career officers fill all positions in our diplomatic service.”

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Oct 30

torture-electrode

President Barack Obama received a great deal of media attention on Wednesday for signing a historic hate-crimes bill into law. But, on the same day, the US president also signed a Homeland Security spending bill that received far less attention, even though it effectively blocks efforts by activists to reveal photos of detainee abuse in US custody.

“We are disappointed that the president has signed a law giving the Defense Department the authority to hide evidence of its own misconduct, and we hope the defense secretary will not take advantage of that authority by suppressing photos related to the abuse of prisoners,” Jameel Jaffer, national security director for the ACLU, said in a statement.

Earlier this month, the House and Senate inserted language into the Homeland Security appropriations bill that would shield photos of detainees in the US’s war on terror from the Freedom of Information Act. The language, which was added at the prodding of Sen. Joe Lieberman (I-CT), effectively blocks an ACLU lawsuit currently before the courts that would have forced the government to release the photos under Freedom of Information statutes.

As Daphne Eviatar noted at the Washington Independent, “President Obama initially agreed to release the photos, but changed his mind after consulting with Defense Secretary Robert Gates and others at the Pentagon, who warned the photos would endanger US servicemen in Iraq and Afghanistan.”

At issue are 21 photos of detainees in US custody that the Department of Defense has been fighting tooth and nail from releasing. As Raw Story reported earlier this year, those photos may show acts of sexual abuse being carried out against detainees.

Major General Antonio Taguba, the author of a report on allegations of detainee abuse in U.S. prisons in Iraq, said that photos exist depicting the following:

–An American soldier apparently raping a female prisoner.
–A male translator apparently raping a male detainee.
–A female prisoner having her clothing forcibly removed to expose her breasts.

Other photographs depict sexual assaults on prisoners with a truncheon, wire and a phosphorescent tube, according to Taguba. Continue reading »

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Oct 30


Added: October 16, 2009

In October 14, Lord Christopher Monckton gave a presentation in St. Paul, MN on the subject of global warming. In this 4-minute excerpt from his speech, he issues a dire warning to all Americans regarding the United Nations Climate Change Treaty that is scheduled to be signed in Copenhagen in December 2009.

A draft of the treaty can be read here:

http://www.globalclimatescam.com/docu…

Chuck Norris has an article in WorldNetDaily with a good analysis of the treaty:

http://www.wnd.com/index.php?fa=PAGE….

There has been considerable debate raised about Monckton’s conclusion that the Copenhagen Treaty would cede US sovereignty. His comments appear to be based upon his interpretation of the The Supremacy Clause in the US Constitution (Article VI, paragraph 2). This clause establishes the Constitution, Federal Statutes, and U.S. TREATIES as the supreme law of the land. Concerns have been raised in the past that a particularly ambitious treaty may supersede the US Constitution. In the 1950s, a constitutional amendment, known as the Bricker Amendment, was proposed in response to such fears, but it failed to pass. You can read more about the Bricker Amendment in a 1953 Time Magazine article:

http://www.time.com/time/magazine/art…,9171,806676-1,00.html

Lord Monckton served as a policy adviser to Margaret Thatcher. He has repeatedly challenged Al Gore to a debate to which Gore has refused. Monckton sued to stop Gore’s film “An Inconvenient Truth” from being shown in British schools due to its inaccuracies. The judge found in-favor of Monckton, ordering 9 serious errors in the film to be corrected. Lord Monckton travels internationally in an attempt to educate the public about the myth of global warming.



Has Anyone Read the Copenhagen Agreement? U.N. plans for a new ‘world government’ are scary.

Source: The Wall Street Journal

We can only hope that world leaders will do nothing more than enjoy a pleasant bicycle ride around the charming streets of Copenhagen come December. For if they actually manage to wring out an agreement based on the current draft text of the Copenhagen climate-change treaty, the world is in for some nasty surprises. Draft text, you say? If you haven’t heard about it, that’s because none of our otherwise talkative political leaders have bothered to tell us what the drafters have already cobbled together for leaders to consider. And neither have the media.

Enter Lord Christopher Monckton. The former adviser to Margaret Thatcher gave an address at Bethel University in St. Paul, Minnesota, earlier this month that made quite a splash. For the first time, the public heard about the 181 pages, dated Sept. 15, that comprise the United Nations Framework Convention on Climate Change—a rough draft of what could be signed come December.

So far there have been more than a million hits on the YouTube post of his address. It deserves millions more because Lord Monckton warns that the aim of the Copenhagen draft treaty is to set up a transnational “government” on a scale the world has never before seen.

The “scheme for the new institutional arrangement under the Convention” that starts on page 18 contains the provision for a “government.” The aim is to give a new as yet unnamed U.N. body the power to directly intervene in the financial, economic, tax and environmental affairs of all the nations that sign the Copenhagen treaty.

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Oct 30

(Click on image to enlarge.)
Swine Flu Mortality
Source: Flickr

‘Normal’ seasonal flu causes from 35,000 – 42,000 deaths each year in the US

“…roughly 36,000 deaths that seasonal influenza causes in the United States each year.”
Source: CNN

“On average 41,400 people died each year in the United States between 1979 and 2001 from influenza.”
Source: Wikipedia

….compare that to the number of deaths caused by swine flu in the US…

….and consider that ….
Swine flu peaks out before vaccines make it into widespread distribution

….yet ….
President Obama declares H1N1 swine flu a national emergency:
“Officials described the move as similar to a declaration ahead of a hurricane making landfall.”

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Oct 30

swine-flu-internet-censorship

(NaturalNews) The US government has issued a new report that recommends blocking access to popular websites during a pandemic outbreak in order to preserve internet bandwidth for investors, day traders and securities clearing house operations. The concern is that a pandemic would cause too many people to stay at home and download YouTube videos and porn, hogging all the internet bandwidth and blocking throughput for investment activities, thereby causing a stock market meltdown.

This isn’t an April Fool’s joke. It’s all based on a public report issued by the Government Accounting Office (GAO), available from their website at http://www.gao.gov/new.items/d108.pdf

In this article, I’m going to explain how a pandemic outbreak could theoretically bring down Wall Street. But to get to that, you’ll first need to find out what the GAO said in its curious report (see below). Parts of this article are presented as satire, but the underlying facts quoted here are all true and verifiable (links are provided to all sources).

This report in question is entitled, “GAO Report to Congressional Requesters, INFLUENZA PANDEMIC” and includes this subtitle: Key Securities Market Participants Are Making Progress, but Agencies Could Do More to Address Potential Internet Congestion and Encourage Readiness.

As the report explains:

In a severe pandemic, governments may close schools, shut down public transportation systems, and ban public gatherings such as concerts or sporting events. In such scenarios, many more people than usual may be at home during the day, and Internet use in residential neighborhoods could increase significantly as a result of people seeking news, entertainment, or social contact from home computers. Concerns have been raised that this additional traffic could lead to congestion on the Internet that would significantly affect businesses in local neighborhoods, such as small doctors’ offices or business employees attempting to telework by connecting to their employers’ enterprise networks.

Can Hulu, Twitter and porn destroy Wall Street?

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Oct 29

A 15-year-old girl was gang raped by up to 10 teenagers outside a California high school homecoming dance as others laughed and took photographs.


In a crime that has shocked America up to two dozen passers-by were said to have seen the crime happening and failed to report it as the girl was subjected to an ordeal lasting two-and-a-half hours.

Police Lieutenant Mark Gagan said a “mob mentality” had taken over. He said: “This was a barbaric act. I still cannot get my head around the fact that numerous people either watched, walked away or participated in her assault.

“These suspects are monsters. I don’t understand how this many people capable of such atrocious behaviour could be in one place at one time.

Many of the students feel like the people who committed such an awful crime are still among them in class.” Five suspects, aged from 16 to 21, have been arrested over the attack at Richmond High School, near San Francisco, over the weekend.

The crime was only discovered when a woman at a nearby party telephoned police to say that two of the suspects were bragging about their role in the attack, which was still going on.

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Oct 29

Only council-vetted “play rangers” are now allowed to monitor youngsters in two adventure areas in Watford while parents must watch from outside a perimeter fence.

The Watford Borough Council policy has been attacked as insulting and a disgrace by furious relatives who say they are being labelled as potential paedophiles.

It will further fuel concerns over a growing nanny state amid the deepening row over the Government’s new national anti-paedophile database.

That will see at least 11 million adults have to be vetted to work with children or vulnerable adults, including parents who give officials lifts to and from social or sports clubs.

Councillors in Watford claim they are only following Government guidelines and cannot allow adults to walk around playgrounds “unchecked”.

But Osfted dismissed the ban while parents branded it “a joke”.

The rules have been imposed at Harwoods and Harebreaks adventure recreation grounds.

Activities on the half acre sites include a skateboard half-pipe, a zip line, rope swings, den building, arts and crafts, plus a wide range of indoor and outdoor sports activities.

Play rangers currently patrol both parks – which are specifically for children aged five to 15 – and are fully qualified and have been cleared by the Criminal Records Bureau.

Parents already have to ‘register’ their child on arrival at the free playgrounds so staff have their contact details in the event of an accident.

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Oct 29

Even TARP was limited. This is more than criminal!

‘Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren,” Obama said in a 2006 floor speech that preceded a Senate vote to extend the debt limit. “America has a debt problem and a failure of leadership.”
– Barack Obama

Exactly right.

But more than that the US government and the Fed are bankrupting America and destroying the US dollar.

In case you haven’t seen this yet:
Fall Of The Republic – The Presidency Of Barack H. Obama (The Full Movie HQ)
The Obama Deception

The Obama administration is a lot worse than even the Bush administration.

Change!



By Rep. Brad Sherman (D-Calif.)

In my questioning of Treasury Secretary Timothy Geithner before the Financial Services Committee on Wednesday, I focused on the new bailout authority included in the 618-page legislative proposal submitted by the Treasury Department.

In my opinion, Geithner’s proposal is “TARP on steroids.”  Section 1204 of the proposal allows the executive branch to use taxpayer money to make loans to, or invest in, the largest financial institutions to avoid a systemic risk to the economy.

Geithner’s proposal reminds me of the Troubled Asset Relief Program (TARP), the $700 billion Wall Street bailout adopted last year, but the TARP was limited to two years, and to a maximum of $700 billion.

Section 1204 is unlimited in dollar amount and is a permanent grant of power to the executive branch. TARP contained some limits on executive compensation and an array of special oversight authorities. Section 1204 contains absolutely no limits on executive compensation and no special oversight.

When I asked Geithner whether he would accept a $1 trillion limit on the new bailout authority (if the executive branch wanted to spend more, it would have to come back to Congress), he rejected a $1 trillion limit, insisting that the executive branch be able to respond without coming back to Congress.

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Oct 29

nymex

Saudi Arabia on Wednesday decided to drop the widely used West Texas Intermediate oil contract as the benchmark for pricing its oil, dealing a serious blow to the New York Mercantile Exchange.

The decision by the world’s biggest oil exporter could encourage other producers to abandon the benchmark and threatens the dominance of the world’s most heavily traded oil futures contract. It is the main contract traded on Nymex.

The move reveals the growing discontent of Riyadh and its US refinery customers with WTI after the price of the price of the benchmark became separated from the global oil market this year.

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Oct 29

See also:

Inventing the AIDS Virus:

inventing-the-aids-virus

Duesberg (Molecular biology/Univ. of Calif., Berkeley), an early researcher in the field of retroviruses, asserts that HIV, like virtually all retroviruses, is harmless.

He finds that HIV meets none of the usual criteria (such as the six laws of virology) used to establish that a microbe causes disease. But if that is so, why do scientists persist in saying that AIDS is an epidemic caused by HIV?

As Duesberg tells it, the federal Centers for Disease Control and Prevention needed a serious epidemic to justify its continued existence, and by naming AIDS a single contagious disease, it created an atmosphere of public fear that brought it increased funding and power.


(Click on image to enlarge.)
house-of-numbers-awards

house-of-numbers-documentary-hiv-aids

(NaturalNews) Canadian filmmaker Brent Leung isn’t winning any friends in the pharmaceutical industry these days. His breakthrough documentary “House of Numbers” features jaw-dropping interviews with doctors, researchers and even the co-discoverer of HIV himself (Luc Montagnier), all of whom reveal startling information calling into question the “official” explanation of HIV and AIDS.

Trailers from ‘House of Numbers’:

– Nobel Laureate Montagnier: HIV Can Be Cleared Naturally – House of Numbers:
Professor Luc Montagnier, 2009 Nobel Laureate for the discovery of HIV, reveals his views on the treatment of HIV and its relationship to nutrition and profit with House of Numbers documentary Director, Brent Leung.

– The shocking truth about HIV and AIDS (trailer for House of Numbers film):

More information about the film is available at www.HouseOfNumbers.com

The film isn’t publicly available yet, as it’s been screened in film festivals around the world.

Check the available screening events at the film’s website: www.HouseOfNumbers.com

Because of the game-changing statements heard from numerous health authorities in this film, it threatens the very foundations of the HIV / AIDS industry. Pharmaceutical companies are fronting a specific mythology about AIDS that maximizes their profits from AIDS drugs and (failed) vaccines, but that mythology is about to be dismantled when House of Numbers is released in theaters nationwide over the next few months.

This could be the documentary that shatters Big Pharma’s false paradigms about HIV and AIDS.

The AIDS testing hoax

In the film, Brent Leung subjects himself to an HIV test and discovers that a “diagnosis” of being HIV positive has more to do with the answers you provide to lifestyle questions than any specific microbe appearing in your blood. The diagnosis of AIDS — as well as the very definition — is also apparently so wishy-washy that increasing numbers of well-trained scientists are now questioning whether AIDS exists at all.

“The presently available data does not prove the existence of HIV,” says one health expert interviewed for the film. Another expert says, “The more diseases they could lump into these AIDS categories, the more patients they could catch.”

“I think HIV totally has turned out not to be the cause of AIDS. HIV has turned out not to be!” says another interviewee.

“We can be exposed to HIV many times without being … infected,” says Dr Luc Montagnier, the Nobel prize-winning virologist credited with the co-discovery of HIV. “Our immune system creates [antibodies] within a few weeks, if you have a good immune system.”

The documentary film exposes the sharp contradictions in current scientific opinion about HIV / AIDS. “As I started questioning scientists and delving further into testing protocols and statistical modeling and science, I began to see a lot of the contradictions that they had amongst themselves,” said filmmaker Brent Leung. “One of the things that became apparent to me is how important it is to question everything that we’re told and not automatically accept any fact as truth.”

One bizarre thing the film exposes is the ever-shifting definition of “AIDS.” In the United States, the official definition has been rewritten three times, and definitions vary widely around the world. AIDS isn’t simply the presence of the HIV virus; it’s a fictitious disease label that’s attached to a list of symptoms that continues to expand as the drug companies attempt to ensnare yet more victims into the AIDS label trap.

The experts sound off

House of Numbers is not a “fringe” film featuring dissenting opinions from conspiracy theorists. Rather, it is a lucid, intelligent collection of conversations with some of the world’s top virologists and Nobel prize-winning scientists, including former experts from the CDC, the WHO and UNAIDS. Many are speaking out against the conventional AIDS mythology for the first time on camera. Those interviewed for the film include Dr. Robert Gallo, Dr. Luc Montagnier, Dr. Michael Gottlieb, Dr. Joe Sonnabend, Dr. Kary Mullis, James Curran, Dr. Peter Piot, Dr. James Chin, Dr. Peter Duesberg and many others.

The film has already received “Best Documentary” and other awards from the many film festivals where it has been featured. Momentum is building for the film, and mainstream distribution looks like a healthy possibility for 2010. Continue reading »

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Oct 28

WTF!


Audit slams ‘opaque’ accounting as French EU presidency found to have spent £160m on events and refurbishment

nicolas-sarkozy
Nicolas Sarkozy at a European Council summit last year. His spending has been blamed on poor management. Photograph: Eric Feferberg/AFP/Getty Images

French financial watchdogs slammed Nicolas Sarkozy for spending £160m during his country’s six-month stint in charge of the EU – including £250,000 on a personal presidential shower that he never used.

The vast expense is set out in a report blaming poor management and a lack of transparency by the president’s staff.

Costs soared because so many of the EU-related events were organised at the last minute, said the report.

On one occasion Sarkozy triggered the cancellation of an entire EU event he was due to host in Evian, because he wanted to sleep in his own bed at the Élysée palace. By then, hundreds of journalists, EU officials and national delegations had either already arrived in Evian or were on their way.

A flood of complaints prompted compensation payments – adding more to the eventual presidential bill.

The total for Sarkozy’s time at the helm of the EU is set out in figures published by the French national audit office.

Every government likes to showcase its country when holding the EU presidency, which at present rotates from country to country every six months. National funds are topped up with EU budget support to organise summits, informal ministerial meetings and EU-related promotional events, conferences and policy programmes. Funding is shared between national and regional authorities and the EU budget.

For one three-day event alone, Sarkozy sanctioned an elaborate upgrade of the Grand Palace in Paris for an EU-Mediterranean summit – one of his pet initiatives to mark his turn at the EU helm.

The event was one of his final EU presidency flourishes last July, and involved hundreds of workmen and millions of pounds.

“The Grand Palace had to be completely refitted for the occasion. Five hundred technicians were mobilised every day, including 300 at night,” said the report. Spending included nearly £1m for one dinner for more than 40 government leaders and heads of state who attended the event.

Nearly £300,000 was spent building a conference podium, nearly £200,000 upgrading the gardens and grounds, and a total bill for the Sarkozy shower of almost £250,000.

The audit report said the cost soared because of the complications of installing a state-of-the-art shower to the president’s specifications in a listed building.

The president never used it – instead going back to the Élysée palace during the three-day summit to freshen up. The shower has since been dismantled.

Other spending on the summit included £90,000 for a carpet.

Continue reading »

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Oct 28

Hedge funds are staking hundreds of millions of pounds on Lloyds Banking Group shares falling, amid fears the market is being too optimistic about the imminent European competition ruling and the bank’s planned rights issue.

lloydstsb-002

Traders have borrowed an estimated £1.5bn of shares, amounting to 50pc of the stock available to borrow, according to figures from Data Explorers. Dealers say some of the stock on loan has already been used to place “short positions”, while other borrowed shares are being held in preparation to short the stock as soon as Lloyds announces its rights issue.

Shares in Lloyds have dropped 10pc this week following the decision by the European Commission to break up ING, the Dutch financial services giant. In order to gain approval from European competition authorities for the state-backed bail-out it received during the financial crisis, ING is selling its insurance business, which is thought to be worth up to £14bn. Shares in ING fell nearly 20pc on the news of the sale.

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Oct 28

Here is what Timmy, Benny and the boys did to sponsor Goldman Sachs, Deutsche Bank, Societe Generale and other banksters:

“…the New York Fed, led by President Timothy Geithner, took over negotiations with the banks from AIG, together with the Treasury Department and Chairman Ben S. Bernanke’s Federal Reserve.”

“After less than a week of private negotiations with the banks, the New York Fed instructed AIG to pay them par, or 100 cents on the dollar. The content of its deliberations has never been made public.”

WTF have they (Timmy, Benny and the boys) done?

Janet Tavakoli, founder of Chicago-based Tavakoli Structured Finance Inc., a financial consulting firm, says the government squandered billions in the AIG deal.

“There’s no way they should have paid at par,” she says. “AIG was basically bankrupt.”

Far more money was wasted in paying the banks for their swaps, says Donn Vickrey of financial research firm Gradient Analytics Inc. “In cases like this, the outcome is always along the lines of 50, 60 or 70 cents on the dollar,” Vickrey says.

Why have they done it?

One reason par was paid was because some counterparties insisted on being paid in full and the New York Fed did not want to negotiate separate deals, says a person close to the transaction. “Some of those banks needed 100 cents on the dollar or they risked failure,” Vickrey says.

For Timmy fans:
The Federal Reserve buys Fannie Mae bonds; Timothy Geithner is a liar
Treasury Secretary Geithner’s Closest Aides Reaped Millions Working for Banks, Hedge Funds


timmy-timothy-geithner
Timothy Geithner, U.S. treasury secretary, testifies at a House Appropriations Committee hearing in Washington, D.C.

Oct. 27 (Bloomberg) — In the months leading up to the September 2008 collapse of giant insurer American International Group Inc., Elias Habayeb and his colleagues worked nights and weekends negotiating with banks that had bought $62 billion of credit-default swaps from AIG, according to a person who has worked with Habayeb.

Habayeb, 37, was chief financial officer for the AIG division that oversaw AIG Financial Products, the unit that had sold the swaps to the banks. One of his goals was to persuade the banks to accept discounts of as much as 40 cents on the dollar, according to people familiar with the matter.

Among AIG’s bank counterparties were New York-based Goldman Sachs Group Inc. and Merrill Lynch & Co., Paris-based Societe Generale SA and Frankfurt-based Deutsche Bank AG.

By Sept. 16, 2008, AIG, once the world’s largest insurer, was running out of cash, and the U.S. government stepped in with a rescue plan. The Federal Reserve Bank of New York, the regional Fed office with special responsibility for Wall Street, opened an $85 billion credit line for New York-based AIG. That bought it 77.9 percent of AIG and effective control of the insurer.

The government’s commitment to AIG through credit facilities and investments would eventually add up to $182.3 billion.

Beginning late in the week of Nov. 3, the New York Fed, led by President Timothy Geithner, took over negotiations with the banks from AIG, together with the Treasury Department and Chairman Ben S. Bernanke’s Federal Reserve. Geithner’s team circulated a draft term sheet outlining how the New York Fed wanted to deal with the swaps — insurance-like contracts that backed soured collateralized-debt obligations.

Subprime Mortgages

CDOs are bundles of debt including subprime mortgages and corporate loans sold to investors by banks.

Part of a sentence in the document was crossed out. It contained a blank space that was intended to show the amount of the haircut the banks would take, according to people who saw the term sheet. After less than a week of private negotiations with the banks, the New York Fed instructed AIG to pay them par, or 100 cents on the dollar. The content of its deliberations has never been made public.

Continue reading »

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Oct 28

“…Giving the vaccine to girls as young as 11 years-old “is a great big public health experiment.”

“It is silly to mandate vaccination of 11 to 12 year old girls,” she said at the time. “There also is not enough evidence gathered on side effects to know that safety is not an issue.”

When asked why she was speaking out, she said: “I want to be able to sleep with myself when I go to bed at night.”

The outspoken researcher also weighed in last month on a report published in the Journal of the American Medical Association that raised questions about the safety of the vaccine, saying bluntly: “The rate of serious adverse events is greater than the incidence rate of cervical cancer.”


gardasil
Gardasil


Dr. Diane Harper, lead researcher in the development of two human papilloma virus vaccines, Gardasil and Cervarix, said the controversial drugs will do little to reduce cervical cancer rates and, even though they’re being recommended for girls as young as nine, there have been no efficacy trials in children under the age of 15.

Dr. Harper, director of the Gynecologic Cancer Prevention Research Group at the University of Missouri, made these remarks during an address at the 4th International Public Conference on Vaccination which took place in Reston, Virginia on Oct. 2-4. Although her talk was intended to promote the vaccine, participants said they came away convinced the vaccine should not be received.

“I came away from the talk with the perception that the risk of adverse side effects is so much greater than the risk of cervical cancer, I couldn’t help but question why we need the vaccine at all,” said Joan Robinson, Assistant Editor at the Population Research Institute.

Dr. Harper began her remarks by explaining that 70 percent of all HPV infections resolve themselves without treatment within a year. Within two years, the number climbs to 90 percent. Of the remaining 10 percent of HPV infections, only half will develop into cervical cancer, which leaves little need for the vaccine.

She went on to surprise the audience by stating that the incidence of cervical cancer in the U.S. is already so low that “even if we get the vaccine and continue PAP screening, we will not lower the rate of cervical cancer in the US.”

There will be no decrease in cervical cancer until at least 70 percent of the population is vaccinated, and even then, the decrease will be minimal.

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Oct 28

(Infinite Unknown) Why has President Obama declared swine flu to be a national emergency? Swine flu infections have peaked out already. Swine flu is a very mild flu, that kills far, far less people than the normal seasonal flu. So why the emergency? (What does the government know that the people don’t know?)

In my opinion the only reason President Obama declared swine flu a national emergency is that FEMA can take over.
(Notice also that a national emergency overrides some of your constitutional rights.)

Congressman Ron Paul asks why President Obama’s daughters haven’t been vaccinated against swine flu???:

Ron Paul on H1N1:

Remember that Ron Paul is not only an outstanding politician, that understands economics and knows what he is talking about when he opens his mouth, but also a medical doctor.

The official reasons you’ve been given why Obama’s daughters haven’t been vaccinated against swine flu are nothing but excuses (or better obvious lies).

President Obama doesn’t want his daughters to be vaccinated against swine flu. Basta!


the-origin-of-swine-flu

(NaturalNews) Swine flu infections have peaked out in the USA, even before drug companies could get their vaccines injected into everyone. According to CDC findings announced recently in Atlanta, one in five U.S. children have already experienced the flu this month, and most of those were likely H1N1 swine flu cases, the CDC says.

This comes from a survey of over 10,000 U.S. households conducted by the CDC.

Meanwhile, flu vaccine shipments are way behind schedule. There have been supply problems from the start, and as of right now, relatively few Americans have yet been injected with the swine flu vaccine. (Many have stood in line for hours trying to be injected, but were told to go home with the vaccine ran out.)

Out of nearly 14,000 suspected flu cases tested during the week ending on October 10, 2009, 99.6% of those were influenza A, and the vast majority of those were H1N1 swine flu infections. (http://www.cdc.gov/flu/weekly/) This is a very strong indication that swine flu infections have peaked during October, 2009.

Further supporting that notion, researchers from Purdue University just published a paper in the October 15 issue of Eurosurveillance (a science journal about communicable disease) in which researchers stated that the H1N1 swine flu epidemic would peak during “week 42” (the end of October). Week 42 just passed. It’s over.

The AJC is also reporting this week that swine flu is “retreating” in Georgia, where hospital visits from the flu are markedly down (http://www.ajc.com/health/swine-flu…) and fewer illnesses are being reported in schools, too.

Even the WHO is reporting a downward trend in many areas, saying, “In tropical areas of the world, rates of illness are generally declining, with a few exceptions. …In tropical Asia, of the countries that are reporting this week, all report decreases in respiratory disease activity.” (http://www.who.int/csr/don/2009_10_…)

Meanwhile, even as the swine flu infection peaks out, the shortage of swine flu vaccines means few people have yet been vaccinated. The shortage is causing “chaos” in clinics across the country, news reports say, and flu vaccination events have been cancelled due to the non-arrival of expected vaccines.

And what, exactly, is causing this shortage of vaccines? According to Health and Human Services Secretary Kathleen Sebelius, they’re being caused by “production failures” at the drug manufacturing facilities. Continue reading »

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Oct 28

Must-see! (ALL of them.)

“There is no evidence that any influenza vaccine thus far developed is effective in preventing or mitigating any attack of influenza. The producers of these vaccines know that they are worthless, but they go on selling them, anyway.”
– Dr. J. Anthony Morris (Former Chief Vaccine Control Officer at the FDA)


1 of 3:

Added: October 19, 2009

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Oct 28

Experimental antiviral drug used on Americans? Americans are now used as guinea pigs.


biocryst-peramivir

The U.S. Food and Drug Administration is allowing the use of an experimental antiviral drug to treat severe cases of H1N1 or swine flu.

The drug, Peramivir, is currently being developed by BioCryst Pharmaceuticals Inc. and is undergoing testing required for regular FDA approval.

The FDA issued a so-called emergency use authorization late Friday that allows doctors to use Peramivir, which is delivered intravenously, in certain hospitalized adult and pediatric patients with confirmed or suspected H1N1 influenza.

A handful of doctors have already treated patients with severe cases of H1N1 using Peramivir obtained through the agency’s expanded access rules that allow individual patients to obtain experimental drugs if certain conditions are met. The emergency-use authorization allows use of the drug without prior FDA approval.

The FDA said there’s only limited clinical data about whether Peramivir is safe and effective, but “based upon the totality of scientific evidence available, it is reasonable to believe that peramivir IV may be effective in certain patients.”

Continue reading »

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Oct 27

Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

paul-craig-roberts
Paul Craig Roberts


Added: October 26, 2009

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Oct 27

Israel accused of denying Palestinians access to water (Independent)

Paul Craig Roberts: Israel and the Goldstone Report – War Criminals Are Becoming Arbiters of the Law


A girl stands next to a water tank near Nablus, West Bank. Photo: October 2009 Some Palestinians only get 20 litres of water a day, Amnesty says

Israel is denying Palestinians access to even the basic minimum of clean, safe water, Amnesty International says.

In a report, the human rights group says Israeli water restrictions discriminate against Palestinians in the occupied West Bank.

It says that in Gaza, Israel’s blockade has pushed the already ailing water and sewage system to “crisis point”.

Israel says the report is flawed and the Palestinians get more water than was agreed under the 1990s peace deal.

‘Basic need’

In the 112-page report, Amnesty says that on average Palestinian daily water consumption reaches 70 litres a day, compared with 300 litres for the Israelis.

Israel must end its discriminatory policies, immediately lift all the restrictions it imposes on Palestinians’ access to water
Donatella Rovera
Amnesty International
Gaza thirsts as sewage crisis mounts Water shortages plague West Bank

It says that some Palestinians barely get 20 litres a day – the minimum recommended even in humanitarian emergencies.

While Israeli settlers in the West Bank enjoy lush gardens and swimming pools, Amnesty describes a series of Israeli measures it says are discriminating against Palestinians:

  • Israel has “entirely appropriated the Palestinians’ share of the Jordan river” and uses 80% of a key shared aquifer
  • West Bank Palestinians are not allowed to drill wells without Israeli permits, which are “often impossible” to obtain
  • Rainwater harvesting cisterns are “often destroyed by the Israeli army”
  • Israeli soldiers confiscated a water tanker from villagers who were trying to remain in land Israel had declared a “closed military area”
  • An unnamed Israeli soldier says rooftop Palestinian household water tanks are “good for target practice”
  • Much of the land cut off by the West Bank barrier is land with good access to a major aquifer
  • Israeli military operations have damaged Palestinian water infrastructure, including $6m worth during the Cast Lead operation in Gaza last winter
  • The Israeli-Egyptian blockade of Gaza has “exacerbated what was already a dire situation” by denying many building materials needed for water and sewage projects.
  • The report also noted that the Palestinian water authorities have been criticised for bad management, quoting one audit that described the sector as in “total chaos”.

    “Water is a basic need and a right, but for many Palestinians obtaining even poor-quality, subsistence-level quantities of water has become a luxury that they can barely afford,” Amnesty’s Donatella Rovera said.

    “Israel must end its discriminatory policies, immediately lift all the restrictions it imposes on Palestinians’ access to water.”

Water consumption graph

Recommended for short-term survival: 20 litres For the medium term: 70 litres Recommended for the long term: 100 litres (Source: WHO) Continue reading »

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Oct 27

And this is the Greatest Depression.


moodys-logo

NEW YORK (Reuters) – The rate of loan charge-offs by major U.S. banks has exceeded those seen in the early years of the Great Depression as the credit crisis continues to take a toll, Moody’s Investors Service said on Monday.

Bank charge-offs — loans written off as uncollectable — have reached $116 billion year to date, or 2.9 percent of outstanding loans on an annualized basis, Moody’s said in a report. By comparison, bank charge-offs were about 2.25 percent in 1932, the third year of the Great Depression, Moody’s said.

Charge-offs climbed to $45 billion in the third quarter from $40 billion in the second quarter and $31 billion in the first, Moody’s said.

On an annualized basis, charge-offs were about 3.4 percent of outstanding loans in the third quarter, matching the Great Depression peak in 1934, Moody’s said.

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Oct 27

matthew-hoh
Matthew Hoh was asked to stay in the job. (The Washington Post)

When Matthew Hoh joined the Foreign Service early this year, he was exactly the kind of smart civil-military hybrid the administration was looking for to help expand its development efforts in Afghanistan.

A former Marine Corps captain with combat experience in Iraq, Hoh had also served in uniform at the Pentagon, and as a civilian in Iraq and at the State Department. By July, he was the senior U.S. civilian in Zabul province, a Taliban hotbed.

But last month, in a move that has sent ripples all the way to the White House, Hoh, 36, became the first U.S. official known to resign in protest over the Afghan war, which he had come to believe simply fueled the insurgency.

“I have lost understanding of and confidence in the strategic purposes of the United States’ presence in Afghanistan,” he wrote Sept. 10 in a four-page letter to the department’s head of personnel. “I have doubts and reservations about our current strategy and planned future strategy, but my resignation is based not upon how we are pursuing this war, but why and to what end.”

The reaction to Hoh’s letter was immediate. Senior U.S. officials, concerned that they would lose an outstanding officer and perhaps gain a prominent critic, appealed to him to stay.

U.S. Ambassador Karl W. Eikenberry brought him to Kabul and offered him a job on his senior embassy staff. Hoh declined. From there, he was flown home for a face-to-face meeting with Richard C. Holbrooke, the administration’s special representative for Afghanistan and Pakistan.

“We took his letter very seriously, because he was a good officer,” Holbrooke said in an interview. “We all thought that given how serious his letter was, how much commitment there was, and his prior track record, we should pay close attention to him.”

While he did not share Hoh’s view that the war “wasn’t worth the fight,” Holbrooke said, “I agreed with much of his analysis.” He asked Hoh to join his team in Washington, saying that “if he really wanted to affect policy and help reduce the cost of the war on lives and treasure,” why not be “inside the building, rather than outside, where you can get a lot of attention but you won’t have the same political impact?”

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Oct 27
McDonalds branch in Chicago McDonald’s is seen as a part of most developed economies

McDonald’s is to close its business in Iceland because the country’s financial crisis has made it too expensive to operate its franchise.

The fast food giant said its three outlets in the country would shut – and that it had no plans to return.

Besides the economy, McDonald’s blamed the “unique operational complexity” of doing business in an isolated nation with a population of just 300,000.

Iceland’s first McDonald’s restaurant opened in 1993.

‘No sense’

For a kilo of onion, imported from Germany, I’m paying the equivalent of a bottle of good whisky
Jon Gardar Ogmundsson
McDonald’s Icelandic franchisee

The franchises are run by a firm called Lyst, with owner Jon Gardar Ogmundsson saying the decision was “not taken lightly”.

He said that the restaurants imported the goods from Germany, but that costs had almost doubled, with the falling krona making imports prohibitively expensive.

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Oct 27

nyse-7890709
Eric Schumacher, center, works on the floor of the New York Stock Exchange, Oct. 14, 2009. Photographer: Daniel Acker/Bloomberg

Oct. 26 (Bloomberg) — The U.S. Standard & Poor’s 500 Index is about 40 percent overvalued and headed for a drop as central banks pull back on securities purchases that pushed up asset prices, according to economist Andrew Smithers.

Declines are likely because banks will need to sell more shares to raise capital, the economist and president of research firm Smithers & Co. said in an Oct. 23 interview at Bloomberg’s Tokyo office. The closing price on Oct. 23 of 1,079.6 was 40 percent above 771.14, a level last seen in March, according to data compiled by Bloomberg.

“Markets are very vulnerable to an end of quantitative easing,” said Smithers, 72, who recommended avoiding stocks in 2000 just as the U.S. benchmark entered a two-year bear market. “Central banks, they’ve got to stop some time and if that happens everything will come down.”

Continue reading »

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Oct 27

FDA Unproven Drugs
FILE — In a Jan. 29, 2009 file photo reflections are seen in the sign on the global headquarters of AstraZeneca in London. The Food and Drug Administration has allowed drugs for cancer and other diseases to stay on the market even when follow-up studies showed they didn’t extend patients’ lives, say congressional investigators. The FDA approved AstraZeneca’s lung cancer drug Iressa in 2003 based on early results showing it reduced the size of tumors. But later studies showed the drug did not significantly extend patient lives. (AP Photo/Kirsty Wigglesworth/file)

WASHINGTON — The Food and Drug Administration has allowed drugs for cancer and other diseases to stay on the market even when follow-up studies showed they didn’t extend patients’ lives, say congressional investigators.

A report due out Monday from the Government Accountability Office also shows that the FDA has never pulled a drug off the market due to a lack of required follow-up about its actual benefits — even when such information is more than a decade overdue.

When pressed about that policy, agency officials said they have no plans to get more aggressive.

The GAO says the FDA should do more to track whether drugs approved based on preliminary results actually have lived up to their promise.

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Oct 27

Do they want to sell us the ‘International Interphone Study’ as new? One year has passed since I posted the results here.

Health organizations, politicians, scientists and the industry know that mobile phone use definitely creates cancer.

We already had huge studies that hissed all red flags possible.

You are just not worth telling and you have been lied to all of the time:

The International Interphone Study Confirms: The Use Of Mobile Phone Is Carcinogenic:
The official publication of the first intermediate results of the International Interphone Study from the International Research Centre on Cancer (CIRC) dependent on WHO confirms the increased tumors and cancer cases due to the use of mobile phone

The Use Of Mobile Phone Is Carcinogenic:
Here (PDF)
INTERPHONE Results latest update Oct. 08, 2008:
Interphone Results Update (PDF)

Mobile Phone Radiation to Unleash Epidemic of Brain Tumors:
(NaturalNews) A new review of more than 100 studies on the safety of mobile phones has concluded that cellular devices are poised to cause an epidemic of brain tumors that will kill more people than smoking or asbestos.

The review was conducted by neurosurgeon Vini Khurana, who has received more than 14 awards in the past 16 years, who made headlines worldwide with his warnings. He called upon the industry to immediately work to reduce people’s exposure to the radiation from mobile phones.

2 Billion may suffer from Mobile Cancer by 2020: Study:
The studies and survey conducted by Australian Health Research Institute indicates that due to billions of times more in volume electromagnetic radiation emitted by billions of mobile phones, internet, intranet and wireless communication data transmission will make almost one-third of world population (about two billions) patient of ear, eye and brain cancer beside other major body disorders like heart ailments, impotency, migraine, epilepsy.

Dangers of the wireless cell phone wi-fi and emf age – Dr. George Carlo:
Dr. George Carlo was the leading scientist of the biggest study ever ($28-million) conducted on Cell Phones.
Dr. Carlo was hired as an independent scientist by the industry to prove that cellphones are safe. Yet Dr. George Carlo hissed all red flags possible (incl. cancer)!

Study: Nerve Cell Damage in Mammalian Brain after Exposure to Microwaves from GSM Mobile Phones (PDF)
German translation:
Salford Studie (Vollversion) (PDF)
Leif G. Salford,1 Arne E. Brun,2 Jacob L. Eberhardt,3 Lars Malmgren,4 and Bertil R. R. Persson>3
1Department of Neurosurgery, 2Department of Neuropathology, 3Department of Medical Radiation Physics, and 4Department of Applied Electronics, Lund University, The Rausing Laboratory and Lund University Hospital, Lund, Sweden

Warning: Using a mobile phone while pregnant can seriously damage your baby:
They found that mothers who did use the handsets were 54 per cent more likely to have children with behavioural problems and that the likelihood increased with the amount of potential exposure to the radiation. And when the children also later used the phones they were, overall, 80 per cent more likely to suffer from difficulties with behaviour. They were 25 per cent more at risk from emotional problems, 34 per cent more likely to suffer from difficulties relating to their peers, 35 per cent more likely to be hyperactive, and 49 per cent more prone to problems with conduct.

Mobile phone radiation wrecks your sleep

Men who use mobile phones face increased risk of infertility

– Cell Towers: Wireless Convenience? or Environmental Hazard?

THE EFFECT OF MICROWAVE EMISSION FROM MOBILE PHONES ON NEURON SURVIVAL IN RAT CENTRAL NERVOUS SYSTEM

Books:
Cell Phones: Invisible Hazards in the Wireless Age: An Insider’s Alarming Discoveries about Cancer and Genetic Damage
by Dr. George Carlo)

– Electromagnetic Fields: A Consumer’s Guide to the Issues and How to Protect Ourselves by B. Blake Levitt

Cell Towers: Wireless Convenience? or Environmental Hazard? by B. Blake Levitt
B. Blake Levitt is an award-winning journalist who has specialized in medical and science writing for nearly two decades. She has researched the biological effects of non-ionizing radiation since the late 1970’s. A former New York Times writer, she has written widely on medical issues for both the lay and professional audience. Her work has appeared in nu-merous national publications.


Long-term use of mobile phones may be linked to some cancers, a landmark international study will conclude later this year.


mobile-phone
Heavy users may face a higher risk of developing brain tumours later in life Photo: GETTY

A £20million, decade-long investigation overseen by the World Health Organisation (WHO) will publish evidence that heavy users face a higher risk of developing brain tumours later in life, The Daily Telegraph can disclose.

The conclusion, while not definitive, will undermine assurances from the government that the devices are safe and is expected to put ministers under pressure to issue stronger guidance.

A preliminary breakdown of the results found a “significantly increased risk” of some brain tumours “related to use of mobile phones for a period of 10 years or more” in some studies.

The head of the Interphone investigation said that the report would include a “public health message”.

Britain’s Department of Health has not updated its guidance for more than four years. It says that “the current balance of evidence does not show health problems caused by using mobile phones”, and suggests only that children be “discouraged” from making “non-essential” calls while adults should “keep calls short”.

In contrast, several other countries, notably France, have begun strengthening warnings and American politicians are urgently investigating the risks.

The Interphone inquiry has been investigating whether exposure to mobile phones is linked to three types of brain tumour and a tumour of the salivary gland.

Its head, Dr Elisabeth Cardis, backed new warnings.

“In the absence of definitive results and in the light of a number of studies which, though limited, suggest a possible effect of radiofrequency radiation, precautions are important,” she said.

“I am therefore globally in agreement with the idea of restricting the use by children, though I would not go as far as banning mobile phones as they can be a very important tool, not only in emergencies, but also maintaining contact between children and their parents and thus playing a reassurance role.

“Means to reduce our exposure (use of hands-free kits and moderating our use of phones) are also interesting.”

The project conducted studies in 13 countries, interviewing tumour sufferers and people in good health to see whether their mobile phone use differed. It questioned about 12,800 people between 2000 and 2004.

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Oct 26

Inform yourself before you even think about destroying your health with the swine flu vaccine.

Watch this as a starter:

Robert F. Kennedy Jr. – Shocking Vaccine Cover Up

Doctor, cited on FOX News as expert on infectious diseases, would not give highly toxic swine flu vaccine to his children


It really is not looking good for the CDC. Eventually after many attempts by CBS the CDC released the test results for the H1N1 cases around the USA. It turns out that the a massive percentage of test results were NOT the H1N1 swine flu. With a lot of cases it wasn’t even the regular flu !


Added:


CDC Admits Nasal Spray Vaccine is Contagious!


Added: 20. October 2009


Doctors speak out about H1N1 VACCINE DANGERS


Added: 22. October 2009

‘The flu mist nasal spry contains live viruses. Recipients may shed live viruses for up to three weeks following treatment.’


More Information on swine flu and vaccination: Continue reading »

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Oct 26

Continuing change!


dennis_blair_official_director_of_national_intelligence_portrait
Dennis Cutler Blair (born 1947), is the third and current Director of National Intelligence and a retired United States Navy four-star admiral.

Speaking at San Francisco’s Commonwealth Club September 15, Director of National Intelligence Admiral Dennis C. Blair, disclosed that the current annual budget for the 16 agency U.S. “Intelligence Community” (IC) clocks-in at $75 billion and employs some 200,000 operatives world-wide, including private contractors.

In unveiling an unclassified version of the National Intelligence Strategy (NIS), Blair asserts he is seeking to break down “this old distinction between military and nonmilitary intelligence,” stating that the “traditional fault line” separating secretive military programs from overall intelligence activities “is no longer relevant.”

As if to emphasize the sweeping nature of Blair’s remarks, Federal Computer Week reported September 17 that “some non-federal officials with the necessary clearances who work at intelligence fusion centers around the country will soon have limited access to classified terrorism-related information that resides in the Defense Department’s classified network.” According to the publication: Continue reading »

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Oct 26

Wife finds Jeffry Picower, 67, apparently drowned in swimming pool of Palm Beach mansion

Jeffry Picower and wife Barbara
Jeffry Picower and wife Barbara pose for a portrait at their Palm Beach home in 2002. Photograph: Chris Polk/Getty

A Florida billionaire who was a top beneficiary of Bernard Madoff’s $65bn (£40bn) Ponzi scheme has died, apparently by drowning in the swimming pool of his mansion in the exclusive seaside enclave of Palm Beach.

Jeffry Picower, 67, was found by his wife and housekeeper shortly after midday on Sunday. Emergency services were unable to revive him and he was pronounced dead at the Good Samaritan medical centre.

An accountant turned wealthy investor, Picower was a friend of Madoff’s and was named in court papers as the biggest beneficiary of returns from the Wall Street fraudster’s corrupt investment empire.

Although Picower insisted he was unaware of any wrongdoing, bankruptcy trustees for Madoff’s firm sued him for $7.2bn earlier this year, claiming that he “knew or should have known” that his phenomenal payouts were fraudulent and that, at a minimum, he had “failed to exercise reasonable due diligence”.

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Oct 26

Lawful protest is now ‘domestic extremism’. (Activism is ‘extremism’.)

How police rebranded lawful protest as ‘domestic extremism’ (Guardian)


Thousands of activists monitored on network of overlapping databases

g20-police
Detailed information about the political activities of campaigners is being stored on IT systems. Photograph: Fiona Hanson/PA

Police are gathering the personal details of thousands of activists who attend political meetings and protests, and storing their data on a network of nationwide intelligence databases.

The hidden apparatus has been constructed to monitor “domestic extremists”, the Guardian can reveal in the first of a three-day series into the policing of protests. Detailed information about the political activities of campaigners is being stored on a number of overlapping IT systems, even if they have not committed a crime.

Senior officers say domestic extremism, a term coined by police that has no legal basis, can include activists suspected of minor public order offences such as peaceful direct action and civil disobedience.

Three national police units responsible for combating domestic extremism are run by the “terrorism and allied matters” committee of the Association of Chief Police Officers (Acpo). In total, it receives £9m in public funding, from police forces and the Home Office, and employs a staff of 100.

An investigation by the Guardian can reveal: Continue reading »

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