Jun 30

Related information:

‘ANONYMOUS’ Strikes Again: Iranian And UAE Governments Hacked

A99 Operation Empire State Rebellion: House of Cards

Operation Empire Rebellion Starts: Hackers Deface Chinese Government Site

A99 Operation Empire State Rebellion: World’s Most (In)Famous Hacker Group ‘Anonymous’ Brings Peaceful Revolution To America To End Corrupt Two-Party System And Above All To Break Up Global Banking Cartel (Federal Reserve, IMF, BIS And World Bank)

Added: 29.06.2011

“Hello American People,

This is a message from Anonymous to you.

We cordially invite any and all, Anonymous and non-anons, to join OpESR in demanding Federal Reserve accountability.

We are crafting a class action lawsuit against the Fed.

Continue reading »

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Jun 30

IMF urges US lawmakers to raise $14.3B debt limit (AP, June 29, 2011):

WASHINGTON (AP) — The International Monetary Fund is urging U.S. lawmakers to raise the nation’s borrowing limit. It warns that inaction could lead to a spike in interest rates that would harm the U.S. economy and world financial markets.

The debt limit is the amount the government can borrow to help finance its operations. The United States reached its $14.3 trillion borrowing limit in May. It is at risk of defaulting on its debt if it doesn’t raise that limit by Aug. 2. President Barack Obama and Republican lawmakers have been at odds on a plan to raise it.

The IMF also warns in its annual report on the U.S. economy that rising budget deficits pose a risk. But it advocates a long-term strategy for reducing them, not immediate cuts or tax increases.

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Jun 30

UPDATED: Los Alamos Residents Can’t Come Home Saturday (ABQ Journal, June 30, 2011):

11:15 a.m. 6/30/11 –Fire crews in Los Alamos reported that the northern finger of the Las Conchas blaze is extending northward toward the Santa Clara Pueblo, according to a news release from the county.

9:15 a.m. 6/30/11 — LOS ALAMOS (AP) — The Las Conchas Fire, threatening the nation’s premier nuclear weapons laboratory and a community in northern New Mexico, is poised to become the largest fire in state history.

7:40am 6/30/11 (AP) — Fire Crews Busy Thinning Woods Around LANL

This morning in Los Alamos was the eeriest morning yet as smoke settled into the streets and on people’s lawns in the nearly abandoned city, the Albuquerque Journal’s Phil Parker writes from the scene today.

The Las Conchas Fire, which has been burning near Los Alamos since Sunday, has burned nearly 100,000 acres, which would make it the largest wildfire in New Mexico history. There is still only 3 percent containment reported.

5:30am 6/30/11 (AP) — Las Conchas Fire at Nearly 90,000 Acres

The Las Conchas Fire grew to roughly 90,000 acres on Wednesday, advancing northward to the headwaters of Santa Clara Canyon on Santa Clara Pueblo while firefighters improved buffer zones around Los Alamos and Los Alamos National Laboratory, the Albuquerque Journal’s Phil Parker reported this morning.

The fire was still being reported late Wednesday as being 3 percent contained, but exactly where some small part of the fire had been reined in was unclear, the Journal said.

More than 1,000 fire personnel have been requested, the paper reported.

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Jun 30

Pakistan shuts US out of drone base (Financial Times, June 29, 2011):

Pakistan has called a stop to US drone flights from a base that has launched strikes against Taliban and al-Qaeda militants on its border with Afghanistan.

In the latest sign of US-Pakistan tensions, Chaudhary Ahmed Mukhtar, defence minister, said on Wednesday that Islamabad had ended US operations at the Shamsi airbase in Baluchistan. The move comes after a surge of anti-American feeling in the wake of the killing of Osama bin Laden last month in a US raid on Abbottabad, a Pakistani hill station.

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Jun 30

U.S. Monthly Combat Deaths in Iraq at 3-Year High (New York Times, June 30, 2011):

BAGHDAD — Three more American soldiers were killed this week, the United States military announced Thursday, bringing the combat-related deaths for United States forces in Iraq to a monthly toll not seen since 2008.

The deaths occurred Wednesday in southern Iraq. A military spokesman confirmed that the soldiers were killed by enemy attack. Recently, the increase in casualties has been attributed to rocket or mortar attacks on American bases by Shiite militias. American convoys have also come under increasing threat from improvised explosive devices. Militants have stepped up their attacks, the military said, so as to claim credit for pushing out the American forces, who are to withdraw by the end of the year.

The casualties are particularly striking given the diminishing numbers of American forces and their reduced combat role. Fewer than 50,000 troops remain, compared with more than 160,000 at the height of the war.

Fifteen American soldiers have been killed in June, 14 of them in hostile incidents. According to icasualties.org, an online database, this was the highest number of combat fatalities since June 2008, when 23 soldiers and Marines were killed.

If elite puppet President Obama would have kept his campaign promise, these soldiers would be still alive:

(Flashback) Obama: ‘I will promise you this, that if we have not gotten our troops out by the time I am President, it is the first thing I will do. I will get our troops home. We will bring an end to this war. You can take that to the bank.’

“I will promise you this, that if we have not gotten our troops out by the time I am President, it is the first thing I will do. I will get our troops home. We will bring an end to this war. You can take that to the bank.“
– Barack Obama Campaign Promise – October 27, 2007

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Jun 30

US extends drone strikes to Somalia (Guardian, June 30, 2011):

The US has conducted its first drone strike on Islamist militants in Somalia, marking the expansion of the pilotless war campaign to a sixth country.

The missile strike on a vehicle in the southern town of Kismayo, reported last week as a helicopter assault, wounded two senior militants with al-Shabab and several foreign fighters according to the Washington Post.

Armed Predator and Reaper drones already operate in Afghanistan, Pakistan, Iraq, Yemen and Libya, where they are controlled by the US military or the CIA.

The CIA-run programmes are controversial. Although they provide the Obama administration with a low-risk weapon against Islamist militants, they stir intense anti-American hostility among the local population.

Opposition is most vociferous in Pakistan, where the government said on Wednesday it was shutting down a big CIA drone base, and had ordered US personnel based there to leave.

Continue reading »

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Jun 30

And yes, all of these wars are unconstitutional, illegal wars.

Related info:

Air Conditioning Afghanistan Troops Costs $20 Billion Per Year – Cost Of One Soldier Is $1 Million A Year – Hotel California

Cost of war at least $3.7 trillion and counting (Reuters, June 29, 2011):

When President Barack Obama cited cost as a reason to bring troops home from Afghanistan, he referred to a $1 trillion price tag for America’s wars.

Staggering as it is, that figure grossly underestimates the total cost of wars in Iraq, Afghanistan and Pakistan to the U.S. Treasury and ignores more imposing costs yet to come, according to a study released on Wednesday.

The final bill will run at least $3.7 trillion and could reach as high as $4.4 trillion, according to the research project “Costs of War” by Brown University’s Watson Institute for International Studies. (www.costsofwar.org)

Continue reading »

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Jun 30

Nuclear engineer Arnie Gundersen recommends an evacuation zone of at least 80 km around the Fukushima nuclear plant. Listen To Dr. Helen Caldicott to understand internal radiation:

Dr. Helen Caldicott Interviews Chief Nuclear Engineer Arnie Gundersen: Very High Concentrations Of HOT PARTICLES (Plutonium, Americium, Uranium, Strontium, Cesium) In Pacific Northwest During April And May

See also:

High Levels Of Radioactive Cesium In Ashes FROM REGULAR HOUSEHOLD GARBAGE At Tokyo Trash Burning Plant

Fukushima City (Over 290,000 People) Is In Danger: Greenpeace Detects Cobalt-60 And High Radiation ‘Hot Spots’ – Children Should Be Evacuated Immediately

Radioactive Playground In Tokyo Metro Area!

Radioactive substances detected in children’s urine in Fukushima (Monsters & Critics/DPA, June 30, 2011):

Tokyo – A small amount of radioactive substances was found from urine samples of all of 10 children in Fukushima surveyed by a Japanese civic association and a French nongovernmental organization, the groups said Thursday.

David Boilley, president of the Acro radioactivity measuring body, told a news conference in Tokyo that the survey on 10 boys and girls aged between 6 and 16 in Fukushima city suggested there was a high possibility that children in and near the city had been exposed to radiation internally, Kyodo News reported.

The highest levels found by the survey were 1.13 becquerels of radioactive cesium-134 per 1 litre of urine from an 8-year-old girl, and 1.30 becquerels of cesium-137 in a 7-year-old boy, Kyodo said.

The city is located 60 kilometres north-west of the Fukushima Daiichi nuclear power station, which has been leaking radiaoactive material into the environment since it was hit by the March 11 earthquake and tsunami.

Continue reading »

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Jun 30

In Canada:

Canada: Private Testing Companies, Government Agencies, And Universities Refuse To Test Soil For Radiation

An if you know about the health effects of INTERNAL emitters vs. external radiation then you better avoid as much radioactive particles as possible.

“Radiation exposure is increased by a factor of a trillion. Inhaling even the tiniest particle, that’s the danger.”

More info on that below.

Radiation in Our Food (Fox News, June 29, 2011):

Though the horrendous tsunami that hit Japan on March 12, 2011 seems like old news in the midst of today’s headlines, the crippled nuclear power plants at Fukishima Daichi continue to spew radiation into water, air and soil, with no end in sight.

Even as thousands of Japanese workers struggle to contain the ongoing nuclear disaster, low levels of radiation from those power plants have been detected in foods in the United States. Milk, fruits and vegetables show trace amounts of radioactive isotopes from the Fukushima Daichi power plants, and the media appears to be paying scant attention, if any attention at all. It is as if the problem only involves Japan, not the vast Pacific Ocean, into which highly radioactive water has poured by the dozens of tons, and not into air currents and rainwater that carry radiation to U.S. soil and to the rest of the world. And while both Switzerland and Germany have come out against any further nuclear development, the U.S. the nuclear power industry continues as usual, with aging and crumbling power plants receiving extended operating licenses from the Nuclear Regulatory Commission, as though it can’t happen here. But it is happening here, on your dinner plate.

Continue reading »

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Jun 30

Q&A: Is New Mexico’s Los Alamos National Laboratory Really Safe? (TIME, June 29, 2011):

Los Alamos, N.M. is feeling the heat this week as it battles the Las Conchas wildfire that has been raging since Sunday.

Caused by a fallen power line, the blaze — which spans more than 108 miles — has destroyed about 61,000 acres of the Santa Fe National Forest and forced the evacuation of the town of Los Alamos (population 11,000).  Worse, the fire is creeping dangerously close to the Los Alamos National Laboratory (LANL), one of the country’s biggest nuclear research facilities. At risk are 20-30,000 drums of Cold War-era plutonium-contaminated waste that are sitting above ground in fabric tents in Technical Area 54 within the Area G section.

Continue reading »

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Jun 30

Meanwhile Over In Rates Land…. (ZeroHedge, June 28, 2011):

The schizophrenia is now complete.

Buy this window dressing, but that window dressing, buy insolvent currencies, buy New Jersey, buy T-Bills at negative rates. Just buy…. on margin if possible.

And General Collateral now at 0.01% only adds to the fun.. THE FUN

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Jun 30

Dollar Drops To Record Low Against Swiss Franc (ZeroHedge, June 28, 2011):

It may not be gold, but it is the closest substitute to the shiny metal in the fiat space (where comparative devaluation is the name of the game once again). While the Swiss Franc has yet to retest recent lows against the euro, the USDCHF just touched an all time record low price of 0.8287, as today’s theme is once again wholesale shorting of the funding (note, not reserve) currency. In the meantime Swiss exporters continue to pretend that margin compression is something best left for the comic books. And after all, Tim Geithner made it all too clear at all recent G8 meetings that it is every country’s patriotic duty to welcome DXY 0 with open arms.

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Jun 30

And the EPA has turned off radiation monitoring!

And I do not wonder why!


Arnold Gundersen with the latest on the Fukushima meltdowns; a clip of Dr. Caldicott’s speech at the Berlin Chernobyl conference (Dr Helen Caldicott, June 17th, 2011):

Listen Now Download the show by right-clicking the link.

This week, Dr. Caldicott has an in-depth conversation with Arnold Gundersen, energy advisor with Fairewinds Associates Inc. and a former nuclear engineer. They discuss the present situation in Fukushima, where three nuclear power plants have melted down, and the continuing effects of the disaster on Japan and the rest of the world. For background, read the June 16 article, Fukushima: It’s Much Worse Than You Think: Scientific experts believe Japan’s nuclear disaster to be far worse than governments are revealing to the public, in which Gundersen states that “Fukushima is the biggest industrial catastrophe in the history of mankind.” Also check out The Big Fukushima Lie Flies High, Is a Rise in Infant Deaths in the Pacific Northwest Due to Fukushima? and Are We on the Brink of Burying Nuke Power Forever? Listen to an earlier If You Love This Planet interview with Gundersen here. The last 20 minutes of the show feature part of Dr. Caldicott’s April 9 speech at a recent Chernobyl conference sponsored by International Physicians for the Prevention of Nuclear War in Berlin. She covers the implications of the unprecedented Fukushima accident and the wide-ranging and long-lasting health effects of nuclear radiation. Her remarks are presented to an audience which included many physicians and scientists. As background for this lecture excerpt, read Dr. Caldicott’s April 30 opinion piece in The New York Times, Unsafe at Any Dose. And read her book, Nuclear Power is Not the Answer.

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Jun 30

See also:

Fukushima Workers Speak Out: ‘WE ARE KAMIKAZE’ – Danger Far From Over (Video – 06/19/2011)

Elderly volunteers to help Fukushima nuclear cleanup (Japan Times/Bloomberg, June 29, 2011):

Yasuteru Yamada, 72, a former antinuclear activist, will lead a group of retirees to the Fukushima No. 1 plant in early July to help clean up the site of Japan’s worst atomic disaster since World War II.

Yamada, a retired Sumitomo Metal Industries Ltd. plant engineer, is waiting for Tokyo Electric Power Co. to allow his volunteer Skilled Veterans Corps to carry out on-site preliminary inspections, a move the government welcomes.

Almost four months since the crisis started, 3,514 workers involved in the cleanup have been exposed to radiation, including nine whose readings breached the annual limit of 250 millisieverts for a nuclear plant worker. Tepco said it had 1,044 workers at the plant as of June 19, about half the number a month earlier.

“I’m not on a suicide mission,” said Yamada, a 1962 University of Tokyo graduate. “I am going to try my best to protect myself and come back alive.”

Continue reading »

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Jun 30

#Fukushima I Nuke Plant: Radioactive Tellurium Detected in Seawater at Water Intake (EX-SKF, June 29, 2011):

Radioactive tellurium was detected for the first time in the seawater at the water intake canal for the Reactor 1, but TEPCO thinks it’s just a mix-up for some unknown reason, according to Yomiuri Shinbun (6/29/2011).

So I went to look for the original data at TEPCO.

It turns out that tellurium-129m (half-life 34 days) was found near the water intake canal for the Reactor 1, AND tellurium-129 (half-life 70 minutes) was found near the water intake canal for the Reactor 4. Tellurium-129 was also found in deep-sea water 8 kilometers off the coast of Fukushima.

Some kind of a mix-up.

TEPCO dumped 143 pages of “confirmed” data (no English yet) on types of nuclides and density found at and around Fukushima I Nuclear Power Plant in air and water on June 29. The company releases many of the data everyday or at a regular interval but the nuclides announced daily are iodine-131, cesium-134 and -137 only. For other nuclides, after being excoriated by NISA in early days of the crisis, they’ve stopped releasing the data until “confirmed”.

It was on page 74, as part of the “confirmed” results of the seawater samples taken on June 4:

Te-129m (half-life 34 days): 720 becquerels/liter, outside the silt fence in front of the Reactor 1 water intake canal.

The legal safety limit for the exhaust water from a nuclear power plant is 300 becquerels/liter.

Then, on page 99 for the test results for the samples taken on June 12:

Te-129 (half-life 70 minutes): 230 becquerels/liter, outside the silt fence in front of the Reactor 4 water intake canal.

Te-129 was also found in the deep seawater 8 kilometers off the coast of Minami-Soma City and Onahama on June 7 (pages 27, 28) and June 9 (page 39) separately.

No data on this file on radioactive strontium (89 and 90), which is reported separately. No word ever on plutonium in any water or ocean soil.


Jun 30

Bilderberg 2010 in Sitges

Exclusive: Greek woes may eclipse Lehman: Ackermann (Reuters, June 28, 2011):

(Reuters) – Deutsche Bank’s (DBKGn.DE) CEO described the situation in Greece as critical and warned contagion to other euro zone members could lead to a crisis bigger than the one sparked by the collapse of Lehman Brothers.

Governments across the single currency bloc are pushing the banks, pension funds and insurance firms that hold Greek sovereign debt to play a role in a second rescue package for the heavily indebted euro zone nation.

Josef Ackermann cautioned against any steps that could spread the crisis to other vulnerable countries in the 12-year old currency bloc.

“If it is Greece alone, that’s already big. But if other countries are drawn in through contagion, it could be bigger than Lehman,” the Deutsche Bank chief said at a Reuters banking event on Monday.

Continue reading »

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Jun 30

Hose leak again halts water unit (Japan Times/Kyodo News, June 30, 2011):

Two small leaks forced Tokyo Electric Power Co. on Wednesday to briefly halt its problem-plagued water decontamination system at the Fukushima No. 1 power plant.

The system is a key part of Tepco’s efforts to cool down the crippled nuclear reactors.

Tepco said it found decontaminated water leaking from the two small holes in a 30-meter-long vinyl hose connecting a storage tank and a pump that sends water to the reactors.

Repeated troubles with the water treatment system have been keeping the utility from consistently cooling the reactors with the decontaminated water.

The system’s “circulation injection cooling” operation stopped Monday shortly after it commenced due to a water leak.

Faced with a looming overflow into the sea of highly radioactive water accumulating in the complex, and high radiation levels in the reactor buildings, the system’s continuous operation is vital for containing the crisis.

Tepco has also made little progress in injecting nitrogen into reactor 3’s containment vessel to prevent an explosion.

It began sending nitrogen into the No. 2 unit’s containment vessel Tuesday, but a high level of radiation within the No. 3 building is obstructing preparation work needed to send workers in.

Continue reading »

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Jun 30

Sen. Rand Paul challenges TSA chief (Tenth Amendment Center):

WASHINGTON (June 22, 2011) – Sen. Rand Paul (R-Ky.) unmasked the inane nature of the standards guiding TSA checkpoint procedures during a Senate Homeland Security and Government Affairs Committee meeting Wednesday.

“Currently the invasive pat-down searches are random and not based on risk assessment?” Paul asked John Pistole.

Speaking typical bureaucratic gobbledygook, the administrator of the Transportation Security Administration at the U.S. Department of Homeland Security indicated that they were, but they weren’t.

Or something.

“No, actually they are based on intelligence that we know specifically from Christmas Day, Umar Farouk Abdulmutallab, the way he concealed that device. There are some random pat-downs if that’s what you’re referring to, but it is based on intelligence.”

The ridiculous nature of the response apparently wasn’t lost on Paul.

“I guess this little girl would be part of the random pat-downs, this little girl from Bowling Green Kentucky, one of my constituents. They’re still quite unhappy with you guys, as well myself and a lot of other Americans, who think you’ve gone overboard. You’re missing the boat on terrorism because you’re doing these invasive searches on 6-year old girls.”

Continue reading »

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Jun 30

Added: 28.06.2011

Meet one of the large number of safety systems:

The Fort Calhoun Nuclear Plant Bucket Brigade: Nuclear Workers Have To Carry Fuel Cans To Keep Water Pumps Running

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Jun 29

It’s Official: China Is The “Mystery” Daily Buyer Of Billions Of Euros (ZeroHedge, June 29, 2011):

Over the past two weeks, we have been suggesting, tongue in cheekily, that despite the relentless desires of everyone to sell the EUR, it has continued to drift higher, due to some inexplicable force with bottomless pockets, which, after some deductive logic, we assumed was China. It turns out we were correct. Naturally, figuring out what China does with its $3 trillion in foreign reserves is sometimes more complex than brain surgery (except what it does every time it sees a barrel of oil for sale: then it is pretty much guaranteed what it will do). But when it comes to preserving its 3 rounds of horrendous European down payments, it was pretty logical that China would do everything in its power to prevent a waterfall effect that would result in Europe imploding in a ball of illiquid singularity. The WSJ has confirmed that China’s SAFE is actively doing all it can to transfer billions of its dollar-denominated holdings into euros. And while this does not mean the EUR is the new reserve currency, it certainly means that China has now become the deciding factor as to just who is (much to the chagrin of Markel, and delight of Geithner… for the time being).

From the WSJ:

China’s deep pockets are momentarily keeping the euro supported.

But with Greece’s financial future still uncertain even after lawmakers passed an austerity package on Wednesday, and the single currency’s long-term prospects far from assured, Beijing risks learning a lesson about trying to fight a market more inclined to sell than buy.

For months, whispers of “Asian official buying” have permeated markets when the euro fell below certain levels. That talk has kept euro/dollar hemmed into a tight seven-cent range since late May, even as fears of a Greek default make traders disinclined to hold the single currency.

China, the world’s biggest holder of foreign-exchange reserves, has pledged financial support to the distressed euro-zone periphery while touting its economic links to Europe.

Continue reading »

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Jun 29

Radioactive water leaks from Japan’s damaged plant (Reuters, June 28, 2011):

Tons of radioactive water were discovered on Tuesday to have leaked into the ground from Japan’s Fukushima nuclear plant, the latest in a series of leaks at the plant damaged in a March earthquake and tsunami, the country’s nuclear watchdog said.

More than three months after the disaster, authorities are struggling to bring under control damaged reactors at the power plant, 240 km (150 miles) north of Tokyo.

About 15 metric tons of water with a low level of radiation leaked from a storage tank at the plant on the Pacific coast, the Nuclear and Industrial Safety Agency said.

Continue reading »

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Jun 29

Worst drought in 60 years hitting Horn of Africa: U.N. (Reuters, June 28, 2011)

GENEVA (Reuters) – The worst drought in 60 years in the Horn of Africa has sparked a severe food crisis and high malnutrition rates, with parts of Kenya and Somalia experiencing pre-famine conditions, the United Nations said on Tuesday.

More than 10 million people are now affected in drought-stricken areas of Djibouti, Ethiopia, Kenya, Somalia and Uganda and the situation is deteriorating, it said.

“Two consecutive poor rainy seasons have resulted in one of the driest years since 1950/51 in many pastoral zones,” Elisabeth Byrs, spokeswoman of the U.N. Office for the Coordination of Humanitarian Affairs, told a media briefing.

“There is no likelihood of improvement (in the situation)until 2012,” she said.

Food prices have risen substantially in the region, pushing many moderately poor households over the edge, she said.

Continue reading »

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Jun 29

Gold and Silver Ownership and Prices Not be Affected by Dodd-Frank Legislation on July 15 (ZeroHedge, May 29, 2011):

The 2010 Dodd-Frank Act, and the regulatory legislation associated with it, is due to come into law in just over two weeks on July 15.

A number of clients, particularly U.S. clients, have contacted us regarding the possibility that the new legislation could lead to price falls in the gold and silver markets. Some were even concerned that it had implications for their ownership of physical coins and bars and for bullion stored in Western Australia, Switzerland and vaults internationally.

Concerns arose due to reports that retail foreign exchange, spread betting and CFD providers are set to discontinue offering their gold and silver over the counter products. These allow speculators to take leveraged positions, short and long, in over the counter derivative products.

After July 15, U.S. residents are prohibited from trading these OTC gold and silver derivative products. All precious metal transactions that are leveraged and not delivered in 28 days, must be conducted in a “designated contract market,” a board of trade or exchange designated by the CFTC.

Those who own bullion should be reassured that their bullion ownership will not be affected as the legislation does not apply to the physical coin and bar market.

Continue reading »

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Jun 29

See also:

NATO Declares Total War On The People Of Libya: Bombs May Hit Any Place At Any Time! – Total Destruction!

Added: 28.06.2011


Continue reading »

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Jun 29

See also:

William Engdahl on Libya: ‘The NATO High Command Ought To Be Tried For Crimes Against Humanity For Bombing Civilians’

NATO Warning: Bombs may hit any place at any time!

Added: 28.06.2011


US Admiral Admits NATO Trying To Kill Gaddafi

The …

Libyan Majority In Support Of Gaddafi: One Million Pro-Gaddafi Demo in Tripoli

Here is why Libyans support Gaddafi:

Libya: John Perkins: It’s Not About Oil, It’s About Currency and Loans – Rothschilds Finish Off Gaddafi – ‘The Price of Freedom’, Highest Standard of Living in Africa

WW III has already started:

The No.1 Trend Forecaster Gerald Celente’s Dire Warning For The World

Gerald Celente Special Trend Alert: The 1st Great War of 21st Century Has Begun!

See also:

Rep. Ron Paul on CNN: Libyan War Is ‘About Commercial Business!’ (And Totally Unconstitutional!)

Matt Taibbi: Why is the Federal Reserve Bailing Out Gaddafi?

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Jun 29

Air Conditioning Afghanistan Troops Costs $20 Billion Per Year; Cost of One Soldier is $1 Million a Year; Hotel California (Global Economic Analysis, June 28, 2011):

If people realized how much we were wasting in stupid wars that should never have been fought, there might be far more protests.

Please consider Among The Costs Of War: $20B A Year In Air Conditioning?

The amount the U.S. military spends annually on air conditioning in Iraq and Afghanistan: $20.2 billion, according to a former Pentagon official.

That’s more than NASA’s budget. It’s more than BP has paid so far for damage during the Gulf oil spill. It’s what the G-8 has pledged to help foster new democracies in Egypt and Tunisia.

Continue reading »

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Jun 29

The Bank Of America Non-Settlement “Settlement” (ZeroHedge, June 29, 2011):

Some curious language in the BAC settlement: “…In addition, because the settlement is with the Trustee on behalf of the Covered Trusts and releases rights under the governing agreements for the Covered Trusts, the settlement does not release investors’ securities law or fraud claims based upon disclosures made in connection with their decision to purchase, sell, or hold securities issued by the trusts. To date, various investors, including certain members of the Investor Group, are pursuing securities law or fraud claims related to one or more of the Covered Trusts. The Corporation is not able to determine whether any additional securities law or fraud claims will be made by investors in the Covered Trusts and, if made, to reasonably estimate the amount of losses, if any, with respect to such asserted or potential claims…” Uh, just how is that a settlement.

Also, did Bank of America just admit its securitization trusts violated IRS laws:

the settlement is conditioned on receipt of private letter rulings from the IRS as well as receipt of legal opinions under California and New York state tax laws and regulations.”

We can’t wait to hear for the cash strapped IRS’ response on this matter.

Bank Of America To Pay $8.5 Billion To Settle Mortgage (Mis)Representation Suit With BlackRock, Pimco, New York Fed Et Al. (ZeroHedge, June 28, 2011):

Bank of America may be about to part with more money than it has earned since 2008 in what will soon be the biggest financial settlement in the industry to date According to the WSJ, the Charlotte, NC-based bank is preparing to pay $8.5 billion to settle mortgage (mis)representation claims (aka the Mortgage putback issue) brought on by such high profile figures as BlackRock, Pimco, MetLife and, of course, the Federal Reserve, previously discussed on Zero Hedge. “A deal would end a nine-month fight with a group of 22 investors that hold more than $56 billion in mortgage-backed securities at the center of the dispute, including giant money manager BlackRock Inc., insurer MetLife Inc. and the Federal Reserve Bank of New York.” Keep in mind that this is actually not good news for the bank, contrary to what the company’s stock is doing after hours, as this still keeps the company exposed to a multitude of other rep and warranty litigation (which will now be largely underreserved), not to mention fraudclosure issues, which are totally unrelated, and which will plague the bank for years and years. Lastly, BAC is largley underreserved (see below) for a settlement of this size which means its Tier 1 capital ratio will likely be impacted due to a major outflow of cash.

From the WSJ:

The deal could embolden mutual-fund managers, insurance companies and investment partnerships to go after similar settlements with other major U.S. banks, arguing that billions in loans scooped up before the U.S. housing collapse didn’t meet sellers’ promises or were improperly managed. Most vulnerable would be Wells Fargo & Co and J.P. Morgan Chase & Co., which along with Bank of America collect loan payments on about half of all outstanding U.S. mortgages.

Continue reading »

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Jun 29

Somebody is obviously getting concerned about Bitcoin.

Read the full article here:

Bitcoin Laws Imminent (NERDr, June 28, 2011):

This week the US courts service (UScourts.gov) has shown increasing interest in Bitcoins.  Their research is ongoing but hastily scaling-up from where it was last week.

Seems we have new orders from the top.

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Jun 29

Huge public outcry over TSA forcing 95-year-old cancer patient to remove adult diaper (NaturalNews, June 27, 2011:

The TSA has once again shown itself to be an agency utterly lacking in respect for human dignity by forcing a 95-year-old cancer patient to remove her adult diaper during the screening procedure. Jean Weber, a leukemia patient, underwent the humiliating procedure at the Destin-Fort Walton Beach Airport where TSA agents, as usual, claim to be “protecting the public from terrorism.” (You have to question the intelligence, obviously, of any federal employee who believes that terrorists are hiding weapons inside the diaper of a 95-year-old cancer patient. More on that below…)

Outrage over the “adult diaper pat-down” has rapidly spread across the internet as more and more people are waking up and realizing the TSA has no concept of human dignity and can justify anything — yes, anything — as part of the “war on terror.” The TSA even justified this adult diaper pat-down, claiming what they did was conducted in a “respectful and sensitive manner.”

Is respectful and sensitive raping next?

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Jun 28


#Radiation in Japan: Radioactive Cesium from Ashes from Household Garbage at Waste Disposal Plant in Edogawa-Ku, Tokyo (EX-SKF, June 27, 2011):

Not a water purification plant or at a waste water treatment plant, but a plant that burns regular, household garbage in eastern Tokyo was found with a high level of radioactive cesium in the fly ashes caught in the incinerator filter.

Edogawa-ku is located at the eastern end of Tokyo. Along with its northern neighbor Katsushika-ku, Edogawa-ku seems to have been in denial of the elevated radiation levels throughout the ward, and has only recently (June 18) started to measure the radiation at multiple locations within the ward.

The Edogawa waste disposal plant is located by the Edogawa River that separates Edogawa-ku and Chiba Prefecture. The plant can burn 600 tonnes of garbage per day with 24-hour operation, with 2 incinerators. It’s in a mixed residential/commercial neighborhood, with 2 elementary schools nearby, and a nursery school right next to the plant, according to the Google Map.

From Sankei Shinbun (6/27/2011):

東 京都と東京23区清掃一部事務組合は27日、一般家庭ゴミなどを処理する23区内の清掃工場のうち、江戸川清掃工場で発生した焼却灰から、1キロ グラムあたり8千ベクレルを超える放射性セシウムが検出されたと発表した。同組合によると、灰はフィルターで集められ、運搬時などは密閉しているほか、施 設周辺の空間放射線量の測定結果からも、外部環境への影響はないとみている。

The Tokyo Metropolitan government and the “Clean Association Tokyo 23” (organization of waste disposal facilities in Tokyo’s 23 “ku” or wards) announced on June 27 that radioactive cesium in excess of 8,000 becquerels/kilogram was detected from the fine ashes from the waste disposal plant in Edogawa-ku. The plant burns regular garbage collected from households in Edogawa-ku. According to the Association, the ashes are collected by the filter, and the filter is in a sealed container during transport. The air radiation levels have been measured around the plant, and there appears to be no effect on the environment.

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