Jul 31

Greenwald: NSA hearing canceled (Politics, July 30, 2013):

This week’s informal congressional hearing on the National Security Agency’s surveillance program has been canceled, according to The Guardian’s Glenn Greenwald, who was expected to testify via satellite.

Democratic congressman Alan Grayson and a bipartisan group of congressman were expected to hear from Greenwald and other critics of the NSA’s surveillance practices on Wednesday, according to a Guardian report from last week. The meeting was not meant to be a formal committee hearing, but would take place on the Hill before a dozen members of Congress from both parties.

But Greenwald now tells POLITICO that the hearing has been canceled due to Obama’s decision to meet with House Democrats.

“Obama developed a sudden and newfound interest in House Democrats and scheduled a meeting with them for that same time,” he wrote in an email, adding that the committee was trying to re-schedule the meeting to take place before congress goes on recess.

Representatives from both the American Civil Liberties Union and the conservative Cato Institute were expected to testify, Grayson told The Guardian.

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Jul 31

“By failing to prepare, you are preparing to fail.”
– Benjamin Franklin


Old System Struggling and Dying-Catherine Austin Fitts (USAWatchdog, July 31, 2013):

Money manager Catherine Austin Fitts says, “You are seeing a tug of war between the new system that’s coming up and the old system that’s struggling and dying.” Fitts explains it by saying, “Let’s pretend we have a company called USA, and we create a new company called Breakaway Civilization.  We move all of our assets out of USA and put them in Breakaway Civilization.  We leave union obligations and pension funds . . . in the old USA economy.” Fitts warns, “I think bail-ins are coming . . . the big question is not will we be able to get out insured deposits.  I think the big question is how violent will things get?” Fitts biggest worry is not financial collapse.  Fitts contends, “I don’t think the people who run the U.S. military or run the United States government are going to say we’re happy to collapse rather than go to war.  They are going to go to war.  They’re going to shake somebody down.” Fitts goes on to add, “I think gold is the greatest form of insurance you can have during this transition period.” Join Greg Hunter as he goes One-on-One with Catherine Austin Fitts of Solari.com.

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Jul 31

The U.S. Military Has Awarded Contracts to Al-Qaeda in Afghanistan (Liberty Blitzkrieg, July 31, 2013):

I suppose it just wasn’t enough that our allies, “the rebels” in Syria, have significant Al-Qaeda elements to them. No, we are the USA! USA! Best country ever. Defender of human rights. City on a hill. We must do far more than that. So we did.

This story below from Bloomberg, highlights a 236-page report by the U.S. Army Suspension and Debarment Office, which shows that military contracts have been granted to the Taliban and Al-Qaeda in Afghanistan. Yep, this is exactly what happens when an empire gets too big, too corrupt, and ends up in the hands of a bunch of sociopaths.

From Bloomberg:

Supporters of the Taliban and al-Qaeda in Afghanistan have been getting U.S. military contracts, and American officials are citing “due process rights” as a reason not to cancel the agreements, according to an independent agency monitoring spending.

“I am deeply troubled that the U.S. military can pursue, attack, and even kill terrorists and their supporters, but that some in the U.S. government believe we cannot prevent these same people from receiving a government contract,” Sopko said.

Continue reading »

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Jul 31

Hmmh.


Google Engineer Wins Award from the NSA and then Slams it (Liberty Blitzkrieg, July 29, 2013):

“In accepting the award I don’t condone the NSA’s surveillance. Simply put, I don’t think a free society is compatible with an organisation like the NSA in its current form.”
– Dr. Joseph Bonneau

In case you weren’t aware, Dr. Joseph Bonneau, a google engineer, received an award for the Best Scientific Cybersecurity Paper of 2012 from the National Security Agency’s first annual “Science of Security Competition” on July 19th. He experienced such mixed emotions upon its receipt that he felt the need to express them publicly in a blog post. We should all be thankful he had the courage to do so.

Continue reading »

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Jul 31

And nobody seems to notice, nobody seems to care.


Fukushima radiation levels as high as 2011 (RT, July 27, 2013):

Water samples taken at an underground passage below the Fukushima Daiichi nuclear power plant contain alarming levels of radiation which are comparable to those taken immediately after the catastrophe.

According to a Saturday statement by Tokyo Electric Power Company (TEPCO), the tested water contains 2.35 billion becquerels of cesium per liter, and the radioactive water is now seeping into the sea. The findings were also evident from samples taken within a 50-meter radius around the plant.

Continue reading »

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Jul 31


Foreign nuclear experts on Friday blasted the operator of Fukushima plant, with one saying its lack of transparency over toxic water leaks showed “you don’t know what you’re doing”.

Nuke experts blast Fukushima operator over toxic leaks (Phys.org, July 26, 2013):

Foreign nuclear experts on Friday blasted the operator of Japan’s crippled Fukushima nuclear plant, with one saying its lack of transparency over toxic water leaks showed “you don’t know what you’re doing”. 

The blunt criticism comes after a litany of problems at the reactor site, which was swamped by a quake-sparked tsunami two years ago. The disaster sent reactors into meltdown and forced the evacuation of tens of thousands of residents in the worst atomic accident in a generation.

Continue reading »

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Jul 31

Fukushima Trench Water Crisis Returns (Japan Times/Kyodo News, July 27, 2013):

Tokyo Electric Power Co. said Saturday that the trench problem at the crippled Fukushima No. 1 nuclear plant has cropped up again and is sending highly radioactive water into the sea.

The water in the underground passage, which runs under the turbine building of reactor 2, contains 2.35 billion becquerels of cesium per liter, roughly the same as that measured right after the crisis began in spring 2011.

The latest sample, taken Friday from a trench, contained 750 million becquerels of cesium-134, 1.6 billion becquerels of cesium-137 and 750 million becquerels of other radioactive substances, the utility said.

A sample from April 2011 contained 1.8 billion becquerels of both cesium-134 and cesium-137 per liter. Cesium has a half-life of about 30 years.

Continue reading »

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Jul 31

And they are asking this NOW after almost 2½ years into the worst (nuclear) disaster ever?


Time to take over Daiichi? (Japan Times, July 26, 2013):

It’s been almost 2½ years since the disaster at Fukushima No. 1 (Fukushima Daiichi) nuclear plant commenced, but the precarious condition of the nuclear plant remains a constant fixture in the news.

A sentence that has been reappearing in stories in recent months has been some variation of “the incident has brought the Fukushima plant’s vulnerable state into sharp relief” (New York Times, July 18).

The problem is that “the incident” being referred to could be one of many: a rat causing a power outage, radioactive water leaking from storage tanks, steam being emitted from one of the reactors or, most recently, confirmation by Tokyo Electric Power Co. that contaminated water is escaping into the ocean.

Continue reading »

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Jul 31

But where does Timothy Bradley get his protein?

Captain Obvious: “From food!

And where do ‘weak’ animals like gorillas, elephants and horses get their protein?

He doesn’t look too protein deficient, doesn’t he?



THE ONLY fighter to beat Pacquiao in 7 years literally has no bone to pick with his vegan diet. AFP

Bradley’s vegan diet not new among athletes (Inquirer Business, June 15, 2012):

As surprising as Timothy Bradley’s split-decision win over Filipino boxing champ Manny Pacquiao is, the former’s vegan diet (devoid of any animal protein—pork, beef, chicken and dairy) during training isn’t really new in the athletic world.

Nine-time Olympic gold medal winner and vegan Carl Lewis, who was voted “Sportsman of the Century” by the International Olympic Committee and named “Olympian of the Century” by the American Sports magazine Sports Illustrated, was quoted in chef Jannequin Bennett’s book “Very Vegetarian” that his best year of track competition was the first year he was on a vegan diet. “Moreover, by continuing to eat a vegan diet, my weight is under control, I like the way I look,” he said in the book’s introduction.

Continue reading »

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Jul 31

13.47 Pound Baby Born In Germany (Huffington Post, July 30, 2013)

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Jul 30

Bank Of England Helped Reichsbank Sell Its Nazi Gold (ZeroHedge, July 30, 2013):

We previously showed hard evidence of the Bank of England’s complicit hiding of the truth about the quality of Bundesbank gold stored in the Fed’s vaults. A few weeks later in a “completely unrelated” action, the Bundesbank dramatically shifted its recent stance, and demanded that its gold be repatriated into its own vaults (and we now know the impact that has had on the paper-physical paper markets). However, in yet another one of the ‘darkest episodes in central banking history’ the FT reports, the Bank of England facilitated the sale of gold that was looted by the Nazis after their invasion of Czechoslovakia in 1938. Of course, judging today’s central bankers by this ethical (and potentially criminal) behavior of over 70 years ago is unfair but it is notable that the pattern of whatever-it-takes and at-all-costs decisions, coupled with pervasive opacity and stark unaccountability, appear to have been formed a long time ago.


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Jul 30

US Rents Hit Record Highs As Homeownership Plunges To 18 Year Lows (ZeroHedge, July 30, 2013):

The American Homeownership Dream is officially dead. Long live the New Normal American Dream: Renting.


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Jul 30

95-Year Old Man Tasered to Death by Police in Illinois Nursing Home (Liberty Blitzkrieg, July 29, 2013):

It appears that the militarized police force running rampant on the streets of America just can’t handle the threats of a 95-year old man in a nursing home armed with a cane. Although it appears the officers are attempting to justify their violent and aggressive behavior by claiming he was wielding a “12 inch knife,” I would’ve thought the police are supposed to know how to deal with such situations, particularly when their assailant is basically a centenarian. This seems to be societal blowback from the Rise of the Warrior Cop, a subject I highlighted recently.

Now from UPI:

PARK FOREST, Ill., July 28 (UPI) – A 95-year-old Illinois man who allegedly confronted police officers with a knife and cane died after they shot him with a stun gun and bean bag rounds.

Continue reading »

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Jul 30

2,350,000,000,000 Bq/m3 of Cs-134/137 from seaside trench of reactor2 (Fukushima Diary, July 27, 2013)

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Jul 30

44 Facts About The Death Of The Middle Class That Every American Should Know (Economic Collapse, July 30, 2013):

What is America going to look like when the middle class is dead?  Once upon a time, the United States has the largest and most vibrant middle class in the history of the world.  When I was growing up, it seemed like almost everyone was “middle class” and it was very rare to hear of someone that was out of work.  Of course life wasn’t perfect, but most families owned a home, most families had more than one vehicle, and most families could afford nice vacations and save for retirement at the same time.  Sadly, things have dramatically changed in America since that time.  There just aren’t as many “middle class jobs” as there used to be.  In fact, just six years ago there were about six million more full-time jobs in our economy than there are right now.  Those jobs are being replaced by part-time jobs and temp jobs.  The number one employer in America today is Wal-Mart and the number two employer in America today is a temp agency (Kelly Services).  But you can’t support a family on those kinds of jobs.  We live at a time when incomes are going down but the cost of living just keeps going up.  As a result, the middle class in America is being absolutely shredded and the ranks of the poor are steadily growing.

The following are 44 facts about the death of the middle class that every American should know… Continue reading »

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Jul 30


YouTube

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Jul 30


YouTube

Related info:

Amazing Story Of 70 Year Old Woman Finds The Fountain Of Youth – Ageless Woman Annette Larkins Interview (Video)

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Jul 30

H/t reader M.G.:

“On a related story, Bradley Manning. US media isn’t even mentioning the outcome of the kangaroo court. The 24/7 cable TV news that isn’t is covering tabloid, and financials, no real news. OH, and Obama is making another of his speeches…….sickening.

The Guardian is also covering the story, it will take a full month before all the charges are added up for final sentencing………it is a total outrage. Americans are not even told any longer, and many are too stupid to research online.”



US Army Private First Class Bradley Manning leaves a military court facility after hearing his verdict in the trial at Fort Meade, Maryland on July 30, 2013

Manning not guilty of aiding the enemy, faces 130+ yrs in jail on other charges (RT, July 30, 2013):

A US military judge has found Army private Bradley Manning “not guilty” of aiding the enemy. However, he was found guilty of 20 remaining charges, meaning that he still faces the possibility of up to 136 years behind bars. Sentencing begins tomorrow.

Sitting in the military courtroom at Fort Meade, Md., Colonel Denise Lind delivered her verdict shortly after 1 p.m. EDT on Tuesday. Manning had chosen to put all his faith in the judge, rather than a panel of his peers – a risky gamble that initially seemed to pay off for the 25-year-old Army intelligence analyst – the charge could have carried a life sentence without parole.

Continue reading »

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Jul 30


YouTube

Description:

Aired on July 24, 2013 – On The Savage Nation with Michael Savage – Charles Strange Father of Navy SEAL Michael Strange Calls Revealing Suspicious Details of Son’s Death – Team 6 —-THEY SET UP MY SON TO BE EXECUTED!

See also:

U.S. Government’s Secret Move To Hide Files On The Osama Bin Laden Raid

US Navy Seal Commander, Who Killed Osama Bin Laden, Commits ‘Apparent Suicide’ In Afghanistan

UNBELIEVABLE: ‘More Than 20 Navy SEALS From The Unit That Killed Osama Bin Laden’ Die In Helicopter Crash

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Jul 30

Basta ‘La Casta’: No End in Sight to Italy’s Economic Decline (Der Spiegel, July 24, 2013)

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Jul 29

Edward Snowden’s not the story. The fate of the internet is (Guardian, July 28, 2013):

The press has lost the plot over the Snowden revelations. The fact is that the net is finished as a global network and that US firms’ cloud services cannot be trusted

Repeat after me: Edward Snowden is not the story. The story is what he has revealed about the hidden wiring of our networked world. This insight seems to have escaped most of the world’s mainstream media, for reasons that escape me but would not have surprised Evelyn Waugh, whose contempt for journalists was one of his few endearing characteristics. The obvious explanations are: incorrigible ignorance; the imperative to personalise stories; or gullibility in swallowing US government spin, which brands Snowden as a spy rather than a whistleblower.

Continue reading »

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Jul 29

The Government “Revises” 84 Years Of Economic History This Week (ZeroHedge, July 29, 2013):

Don’t like how high debt-to-GDP figures are? Revise ’em. Unhappy at the post-‘recovery’ growth rates? Revise ’em. Disappointed at the pace of economic improvement in the last decade or two compared to the rest of the world? Revise ’em. This week “we are essentially rewriting economic history” as the BEA is set to revise GDP data from as far back as 1929. The ‘adjustments’ to account for intangibles (that best known of micro- accounting fudge factors) and as we noted previously in great detail, will increase GDP by around $500 billion. Of course, these changes are defended aggressively (just as the hedonic adjustments to inflation calculations ‘make perfect sense’) as GDP will now reflect spending on research, development, and copyrights as investment – and reflect pension deficits for the first time (think of all that potential future GDP from massive pension deficits now). With Q2 GDP growth estimates set for a dismal 1.1%, expectations are for the short-term economic data to be revised upwards (and with any luck the great recession never happened at all).

Via WSJ,

US economic history will be rewritten this week, as the most far-reaching methodological changes in years will add the equivalent of a country the size of Belgium to output in the world’s largest economy.

Continue reading »

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Jul 29

Chart Of The Day: Monthly Home Payment Soars 40% To 2008 Levels (ZeroHedge, July 29, 2013):

The following chart from Credit Suisse fully explains why the US housing “recovery” has just ground to a halt: in a few short weeks, US housing affordability (a topic we first covered a month ago) has collapsed as a result of the monthly payment on the median home sold soaring by nearly 40% from under $800 to just shy of $1100, a level not seen since 2008. Now if only US personal incomes would keep pace, instead of doing this

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Jul 29

Cyprus 37.5% Depositor Haircut Upgraded To 47.5% Brazilian Wax (ZeroHedge, July 29, 2013):

Once upon a time (in April), a few weeks after reversing its initial disastrous decision to haircut all deposits (including insured ones) the Troika slammed large Cypriot depositors (read evil Russian oligarchs) with a “bail-in” template, soon coming to all insolvent European nations, that included not only a forced assignment of equity in broke Cypriot banks, but far more importantly a haircut that amounted to 37.5% of deposits over €100,000. Since then a few things have happened in Cyprus, neither of them good, i.e., an a record collapse in bank deposits despite capital controls and a record crash in the local real estate market.The confluence of both these events meant that as bank liabilities shrank (deposits), asset fair values (home mortgages) collapsed even faster. Which, as we warned in March, would entail bigger and more aggressive deposit haircuts, and ultimately: another bailout of Cyprus (something the president floated but promptly denied upon rejection by Merkel ahead of her September elections). Today, we learn that while the inevitable next bailout of Cyprus is still on the table, the deposit “haircut” just upgraded to an aggravated Brazilian wax, as the 37.5% gentle trim initially proposed was revised to 47.5%.

InCyprus reports:

The Finance Ministry and the Troika appeared to be converging on an agreement on the haircut of uninsured deposits over 100,000 euros in the Bank of Cyprus at 47.5%.

Continue reading »

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Jul 29

Alarming number of US citizens face poverty, 80% suffer joblessness – report (RT, July 29, 2013):

Four out of five US adults come to grips with joblessness, near-poverty or reliance on welfare for at least some parts of their lives. Over 41 percent of the nation’s poor are whites, according to a new report.

In 2011, 46.2 million people in the US were living in poverty and the nation’s official poverty rate was 15 percent, up from 14.3 percent in 2009, according to the US Census Bureau. That figure appears to be the highest number seen in the 52 years for which poverty estimates have been recorded.

Although poverty rates for blacks and Hispanics are proportionately nearly three times higher, by absolute numbers the predominant face of the poor is white, the latest report shows. Economic insecurity among whites is said to be more common than is shown in the government’s poverty data, engulfing over 76 percent of white adults by the time they turn 60, according to a new economic gauge being published next year by Oxford University Press.

Continue reading »

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Jul 29

Will Moscow say ‘Da’ to Snowden? (RT, July 28, 2013)

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Jul 29

Empowering Citizens and Deterring Crime, One Free Shotgun At a Time (SHFT Plan, July 27, 2103):

The 400 homeowners of the Oak Forest neighborhood in Northwest Houston were terrorized by 107 home invasions last year. It’s a neighborhood ripe for the picking by criminals who have no worries about being stopped in the act or even pursued by an already overworked police force.

But one Houston man has decided he’s fed up with the bullying and victimizing of innocent people and he’s evening the playing field. He’s put a plan into action that takes direct aim at the problem – in the form of 12 gauge and 20 gauge shotguns.

“We give brand new pump action shotguns…”

Kyle Coplen is offering free shotguns to every homeowner here in the Oak Forest area of Northwest Houston.

Coplen came up with the Armed Citizen Project in January, after he was disgusted by one of those break-ins when World War II veteran Albert Wood had his house broken into.

Continue reading »

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Jul 29

IAF jets bombed trucks carrying missiles to Hizbullah, according to Syrian opposition sources.


Report: Israel Bombs Another Syrian Weapons Convoy (Israel National News, July 28, 2013):

Israeli air force jets bombed trucks carrying Syrian missiles bound for Hizbullah’s warehouses in Lebanon, according to Syrian opposition sources. The sources, were cited Sunday by Voice of Israel radio’s Arabic-language service, which was quoted by i24 News.

The Friday night bombing reportedly targeted a Syrian military base near the town of Quneitra, not far from the Golan Heights cease-fire line.

This was the fifth known Israeli attack this year on Syrian weapons bound for Hizbullah. Syrian strongman Bashar al-Assad reportedly wants to send the weapons to Hizbullah for safekeeping, out of fears they will fall into the hands of the rebels forces fighting him inside Syria, whilst the Iranian-backed terrorist group seeks “game changing weapons” – such as anti-aircraft missiles – in exchange for its costly intervention in the Syrian civil war on behalf of the Syrian regime.

Continue reading »

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Jul 29

Equifax must pay $18.6 million after failing to fix Oregon woman’s credit report (The Oregonian, July 26, 2013):

A jury Friday awarded an Oregon woman $18.6 million after she spent two years unsuccessfully trying to get Equifax Information Services to fix major mistakes on her credit report.

The judgement, likely to be appealed, appears to be one of the largest awarded to a consumer in a case against one of the nation’s major credit bureaus.

Julie Miller of Marion County, who was awarded $18.4 million in punitive and $180,000 in compensatory damages, contacted Equifax eight times between 2009 and 2011 in an effort to correct inaccuracies, including erroneous accounts and collection attempts, as well as a wrong Social Security number and birthday. Yet over and over, the lawsuit alleged, the Atlanta-based company failed to correct its mistakes. Continue reading »

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Jul 29

What Does Heart Surgery Really Cost, And Why Is It 70 Times More Expensive In The US? (ZeroHedge, July 29, 2013):

Indian philanthropist and cardiac surgeon, Devi Prasad Shetty is obsessed with making heart surgery affordable for millions of Indians. As Bloomberg notes, Shetty is not a public health official motivated by charity. He’s a heart surgeon turned businessman who has started a chain of 21 medical centers around India. By trimming costs, he has cut the price of artery-clearing coronary bypass surgery to 95,000 rupees ($1,583), half of what it was 20 years ago, and wants to get the price down to $800 within a decade. The same procedure costs $106,385 at Ohio’s Cleveland Clinic. Of course, this will come as no surprise after we showed the incredible spread of the price of an appendectomy. “It shows that costs can be substantially contained,” notes the World Heart Federation, “it’s possible to deliver very high quality cardiac care at a relatively low cost.” But, for Americans of course, when you have government footing the cost (and deficit spending), who cares?

Via WaPo,

Via Bloomberg,

“It shows that costs can be substantially contained,” said Srinath Reddy, president of the Geneva-based World Heart Federation, of Shetty’s approach. “It’s possible to deliver very high quality cardiac care at a relatively low cost.”

Continue reading »

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Jul 29

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Jul 29

Israel’s WWDs: German Made Nuclear Armed Dolphins (Ed Ward, MD’s Blog)

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Jul 28


YouTube Added: 26.07.2013

Flashback:

DHS Insider Update … Looks Like “It’s About To Get Very Ugly” … Very Soon!!!

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Jul 28

7 Charts That Prove That The Stock Market Has Become Completely Divorced From Reality (Economic Collapse, July 27, 2013)

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Jul 28

–  80% Of US Adults Are Near Poverty, Rely On Welfare, Or Are Unemployed (ZeroHedge, July 28, 2013):

Despite consumer confidence at a six-year high, the latest AP survey of the real America shows a stunning four out of five U.S. adults struggle with joblessness, are near poverty, or rely on welfare for at least parts of their lives amid signs of deteriorating economic security and an elusive American dream. Hardship is particularly on the rise among whites, based on several measures. Pessimism among whites about their families’ economic futures has climbed to the highest point since at least 1987.

“Poverty is no longer an issue of ‘them’, it’s an issue of ‘us’,” as ‘the invisible poor’ – lower income whites – are generally dispersed in suburbs (Appalachia, the industrial Midwest, and across America’s heartland, from Missouri, Arkansas and Oklahoma up through the Great Plains) where more than 60% of the poor are white.

More than 19 million whites fall below the poverty line of $23,021 for a family of four – accounting for more than 41% of the nation’s destitute – nearly double the number of poor blacks and as one survey respondent noted “I think it’s going to get worse.”

Via AP,

Hardship is particularly on the rise among whites, based on several measures. Pessimism among that racial group about their families’ economic futures has climbed to the highest point since at least 1987. In the most recent AP-GfK poll, 63 percent of whites called the economy “poor.”

Continue reading »

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Jul 28

UK Porn Filter: Censorship Extends Beyond Pornography, But One ISP Is Fighting Back (International Business Times, July 26, 2013):

U.K. Prime Minister David Cameron announced Monday that British Internet service providers (ISPs) must install porn filters and require customers to opt-in for adult content. Cameron said the policy is aimed at combating child porn and the “corroding influences” of sexual content in the U.K., but several people are unhappy with the plan. Reports have linked the filters to controversial Chinese company Huawei, and others have found that the filters will block much more than just porn. Some ISPs have publicly refused to force the filters on their users.

The Open Rights Group spoke with several ISPs and found that in addition to pornography, users will also be required to opt in for any content tagged as violent, extremist, terrorist, anorexia and eating disorders, suicide, alcohol, smoking, web forums, esoteric material and web-blocking circumvention tools. These will all be filtered by default, and the majority of users never change default settings with online services.

One U.K. ISP, TalkTalk, already has “The HomeSafe System,” which was singled out for praise by David Cameron when announcing the new policy. It gives another good idea of the kind of Internet censorship the British government is looking to implement.

HomeSafe Filters
The HomeSafe filters may give an idea of what David Cameron wants to be mandatory for all UK ISPs.  TorrentFreak

More troubling is the revelation that HomeSafe is actually operated by Huawei, a Chinese company that both the U.K. and the U.S. accused of having close ties with the Chinese government. Huawei’s founder, Ren Zhengfei, is a former officer of China’s People’s Liberation Army, and a recent report by the Intelligence and Security Committee said, “the alleged links between Huawei and the Chinese State are concerning, as they generate suspicion as to whether Huawei’s intentions are strictly commercial or are more political.” The U.S. has branded Huawei a threat to national security.

Continue reading »

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Jul 28

$200,000???

FLASHBACK:

US Presidential Panel: Halliburton Knew Cement Mixed For BP Blowout Well Was Unstable

Gulf of Mexico Oil Spill: The Halliburton Connection:

The company acknowledged Friday that it had completed the final cementing of the oil well and pipe just 20 hours before the blowout last week.

And don’t forget this fact (!!!):

“Just eight days before the Gulf blow-out, Halliburton also announced that it had agreed to buy Boots & Coots for $240.4 million. Who are Boots & Coots?

The world’s largest oil-spill clean-up company which also deals with oil and gas well fires and blowouts.

What an incredibly fortunate coincidence. What a slice of luck.”


Halliburton to plead guilty to destroying Gulf evidence (BBC News, July 26, 2013):

US company Halliburton will plead guilty to destroying evidence relating to the 2010 Gulf Of Mexico oil spill.

The plea agreement, which is subject to court approval, means Halliburton will have to pay the maximum possible fine.

The spill occurred at BP’s Macondo well in the Gulf of Mexico and was the worst in US history.

BP had accused Houston-based Halliburton, its contractor, of destroying evidence and asked it to pay for all damages.

The major oil spill three years ago followed a blast at the Deepwater Horizon oil rig that killed 11 workers.

“A Halliburton subsidiary has agreed to plead guilty to one misdemeanour violation associated with the deletion of records created after the Macondo well incident, to pay the statutory maximum fine of $200,000 and to accept a term of three years probation,” the company said in a statement.

Continue reading »

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Jul 28

The Full Layout Of Modern Shadow Banking (ZeroHedge, July 28, 2013):

Following up on yesterday’s essay comparing Walter Bagehot to a modern-day shadow banker, we have received numerous requests for more information on this fundamentally critical  financial topic. So without further ado, we present a full and unabridged map of the modern shadow banking system. Continue reading »

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Jul 28

Is This The Recovery Obama (And Jack Lew) Is Talking About? (ZeroHedge, July 27, 2013):

Obama: “…the economy is far stronger now than it was four and a half years ago.”

…as long as one ignores the reality of the following chart…

We’ve seen macro “Hope”and micro “Reality”, but for the man in the street, it would appear from the chart above that the trajectory for ‘recovery’ green shoots is decidedly down and getting worse… even as the President tells the American public they are so much better off…

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Jul 28

Egypt After Morsi (ZeroHedge, July 28, 2013):

With the bloodiest weekend since the ouster of Mubarak, it seems the supposed coup-less people’s revolution appears to be edging ever closer to civil war. Egypt lies at the heart of the Arab revolution, even if the original spark occurred in Tunisia. But Egypt – with its strategic location, stable borders, large population, and ancient history – has been the principal power of the Arab world for centuries, defining the movement of history there like no other. This implies that the overthrow of Egypt’s democratically elected president, Mohamed Morsi, will have much broader repercussions. Europe’s bloody revolutions of the 19th century changed the status quo forever and while the Arab world might not be so deeply affected, the near future there will certainly be neither peaceful nor stable.

Authored by Joschka Fischer, originally posted at Project Syndicate,

Egypt lies at the heart of the Arab revolution, even if the original spark occurred in Tunisia. But Egypt – with its strategic location, stable borders, large population, and ancient history – has been the principal power of the Arab world for centuries, defining the movement of history there like no other. This implies that the overthrow of Egypt’s democratically elected president, Mohamed Morsi, will have much broader repercussions.

Continue reading »

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