Meanwhile In Italy …

Meanwhile In Italy… (ZeroHedge, Sep 30, 2013):

UPDATE: Reuters reports that 20 senators from Berlusconi’s party are preparing to create new party if Berlusconi does not soften stance against PM Letta – EUR and Italian Bonds are ramping.

*AS MANY AS 20 BERLUSCONI SENATORS MAY LEAVE PDL: REUTERS

Via Bloomberg,

Berlusconi faces demands from his lawmakers to back down on confrontation with Letta, Reuters reports citing party official.

We can’t help but feel this is well-placed Reuters propaganda as we saw in 2011 – later to be denied but for now it is having the desired effect…

Before this we noted:

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T-Minus 15 Hours: The Complete Government Shutdown Summary


Source: RanSquawk, Bloomberg

T-Minus 15 Hours: The Complete Government Shutdown Summary (ZeroHedge, Sep 30, 2013):

Presenting the full summary about the only event the market is focused on today.

MAIN POINTS:

Today sees the Senate reconvene after yesterday saw the Republican-led House voted in favour of a modified continuing resolution (CR) which includes a one-year delay to Obamacare (the Affordable Care Act). The Senate is not scheduled to meet until 1400ET today meaning that if the new bill is rejected there is not enough time to create a new CR and pass it back to the Senate before the midnight deadline, leading to a government shutdown in which all non-essential government workers will stay at home. Expectations are now that it is likely there will be a temporary shutdown given that the White House signalled the new CR would be vetoed by President Barack Obama and Democrats in the Senate immediately said the legislation approved by the House yesterday is unacceptable.

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NSA Stores Metadata Of Millions Of Web Users For Up To A Year, Secret Files Show

Any computer metadata picked up by NSA collection systems is routed to the Marina database, the guide explains. Photograph: Felix Clay

– NSA stores metadata of millions of web users for up to a year, secret files show (Guardian, Sep 30, 2013):

• Vast amounts of data kept in repository codenamed Marina
• Data retained regardless of whether person is NSA target
• Material used to build ‘pattern-of-life’ profiles of individuals
What is metadata? Find out with our interactive guide

The National Security Agency is storing the online metadata of millions of internet users for up to a year, regardless of whether or not they are persons of interest to the agency, top secret documents reveal.

Metadata provides a record of almost anything a user does online, from browsing history – such as map searches and websites visited – to account details, email activity, and even some account passwords. This can be used to build a detailed picture of an individual’s life.

The Obama administration has repeatedly stated that the NSA keeps only the content of messages and communications of people it is intentionally targeting – but internal documents reveal the agency retains vast amounts of metadata.

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Ginger Selectively Kills Breast Cancer Cells

“Let food be thy medicine and medicine be thy food.”
– Hippocrates


 

Research: Ginger Selectively Kills Breast Cancer Cells (GreenMedInfo, Oct 1, 2013):

New research published in the Journal of Biomedicine and Biotechnology found that “ginger may be a promising candidate for the treatment of breast carcinomas.”[i] This is a timely finding, insofar as breast cancer awareness month is only days away, and one of the primary fund-raising justifications is the false concept that a low-cost, safe and effective breast cancer treatment is not yet available. Could ginger provide the type of cure that conventional, FDA-approved treatments have yet to accomplish?

The new study was performed by researchers at the Biological Sciences Department, Faculty of Sciences, King Abdulaziz University, Saudi Arabia, who discovered that a crude extract derived from the medicinal plant ginger (Zingiber officinale) inhibited the proliferation of breast cancer cells, without significantly affecting the viability of non-tumor breast cells — a highly promising property known as selective cytotoxicity, not found in conventional treatments.

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U.S. Senate Rejects House Amendments To Spending Bill As Shutdown Looms

Senate rejects House amendments to spending bill as shutdown looms (Washington Post, Sep 30, 2013):

The 54 to 46 party-line vote made good on a vow by Senate Majority Leader Harry M. Reid (D-Nev.) to reject a funding bill approved by the House early Sunday because it would delay Obama’s signature 2010 health-care law for one year and repeal a tax on medical devices.

Immediately after the Senate convened Monday afternoon, Reid moved to table the House amendments. That exercise required a simple majority and was accomplished solely with Democratic votes. The Senate later passed a bill that ensures that members of the armed forces will continue to get paid in the event of a shutdown.

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Government Shutdown: The Next Step In The Collapse Of The Dollar?

Government Shutdown: The Next Step In The Collapse Of The Dollar? (ALT- MARKET, Sep 30, 3013):

There is a considerable amount of debate in alternative economic circles as to whether a federal government shutdown would be a “good thing” or a “bad thing”.  Frankly, even I am partially conflicted.  I love to read mainstream news stories about how a shutdown in the capital would be “horrible” because Barack Obama might have to reduce the White House cleaning staff and wash his own laundry:

http://www.bloomberg.com/news/2013-09-27/obama-stripped-to-skeleton-staff-in-a-government-shutdown.html

It’s about time that sellout bastard did something to clean up his own act.  I also love the idea of the federal government out of the picture and removed from the U.S. dynamic.  Americans need to learn again how to live without the nanny state, even if only for a few weeks, and what better way than to go cold turkey.  I can hear the tortured sobs of the socialists now, crying for their SNAP cards and low grade government healthcare.  It’s like…beautiful music…

That said, as much as centralized government needs to be erased from the face of the planet, there are, indeed, consequences that must be dealt with.  It is foolish to believe otherwise.  No social system, and I mean NO SOCIAL SYSTEM, changes without pain to the population.  I am not among those that cheer a federal shutdown, because I understand that the only people to ultimately feel suffering will be average citizens, not the establishment itself.  The sheeple may be ignorant and blind, but no one deserves the kind of unmitigated hellfire that could rain down upon our country if a shutdown continues for an extended period of time.  Call me a humanitarian…

As I write this, mainstream media projections estimate a 90% chance of government shutdown by midnight on September 30th.  Though technically, government funds will not run out until October 17th:

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Greenwald, Scahill Vow To Unmask NSA’s ‘US Assassination Program’


US journalists Jeremy Scahill (L) and Glenn Greenwald

Greenwald, Scahill vow to unmask NSA’s ‘US assassination program’ (RT, Sep 30, 2013):

American investigative journalists Jeremy Scahill and Glenn Greenwald say they have teamed up to prepare a report on the National Security Agency’s role in what one of them described as the “US assassination program.”

“The connections between war and surveillance are clear. I don’t want to give too much away but Glenn and I are working on a project right now that has at its center how the National Security Agency plays a significant, central role in the US assassination program,” Scahill said in Rio de Janeiro, as cited by Associated Press.

Speaking to moviegoers at the Rio Film Festival, where an award-winning documentary based on his book was shown, Scahill said he will be working on the project with another journalist – Glenn Greenwald, who broke the story on the NSA leaker Edward Snowden in June.

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Russia’s Lavrov: Iran Behind Anti-WMD Rider In Chemical Watchdog’s Decision On Syria


Russia’s Foreign Minister Sergei Lavrov.

Iran behind anti-WMD rider in chemical watchdog’s decision on Syria – Lavrov (RT, Sep 30, 2013):

A small but far reaching clause in the chemical watchdog’s decision on Syria that urges all non-signatories of the Chemical Weapons Convention to join the treaty was actually proposed by Iran – and supported by the US – Russian FM Sergey Lavrov revealed.

Recalling the tense round of negotiations surrounding the issue of Syria’s chemical weapons, the Russian foreign minister said that it was Iran that “offered a very sound addition.” The insider revelation into the diplomatic process of avoiding yet another armed conflict in the Middle East was shared by Sergey Lavrov in an interview with Kommersant daily.

The Iranian proposal reflects Russia’s long standing belief that the Middle East should be free of weapons of mass destruction. The clause, submitted by Tehran was included in the Organisation for the Prohibition of Chemical Weapons (OPCW) decision on Friday ahead of the UNSC vote on a new Syrian resolution.

“It is very important that in the Hague, when there was a vote on the decision on the role of the OPCW in implementing the program of chemical weapons destruction in Syria, a special clause was inserted urging all countries which have not yet done so to sign the convention,” Lavrov said.

“I will reveal a little secret: this clause was introduced by Iran and supported by the United States. Iran in the past century, has twice suffered from chemical weapons. I think Iran offered a very sound addition,” the Russian foreign minister said.

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CNN’s Hillary Clinton Documentary Scrapped

CNN’s Hillary Clinton film scrapped as director blames lack of co-operation (Guardian, Sep 30, 2013):

Charles Ferguson says he was met with a wall of silence from more than a hundred people who refused to be interviewed

The Oscar-winning film director Charles Ferguson has cancelled his CNN documentary on Hillary Clinton after what he described as a private campaign against the film by prominent Democrats.

Ferguson said he had decided to pull the plug after being met with a wall of silence from more than a hundred people who refused to be interviewed for the documentary.

He claimed that aides to the former secretary of state put pressure on CNN behind the scenes, and made clear that Clinton would only co-operate “over my dead body”. He also blamed a public campaign by Republicans, who claimed the film would be biased in favour of Clinton.

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Israel Starts Campaign To Boost U.S. Military Aid

Israel starts campaign to boost U.S. military aid (UPI, Sep 27, 2013):

TEL AVIV, Israel, Sept. 27 (UPI) — Israel’s military chiefs are pushing for a bump in the $3.1 billion a year the Jewish state receives in U.S. military aid even though the 10-year agreement doesn’t expire until 2017 and America is struggling with domestic economic issues.

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Netanyahu Heads To US To Tell Obama ‘Truth’ About Iran

Flashback:

On record: Benjamin Netanyahu: ‘America is something that can easily be moved.’ ‘The world won’t say a thing.’ ‘The world will say we’re defending.’ (Video)

Former PM Olmert: Netanyahu Wasted Billions On Iran ‘Hallucinations’

Israeli PM Benjamin Netanyahu: I Don’t Care What UN Says About Settlement Activities

Lunatic Netanyahu Exposed: What The Israelis Really Think Of Us (Video)


Netanyahu heads to US to tell Obama ‘truth’ about Iran (RT, Sep 29, 2013):

Israeli Prime Minister Benjamin Netanyahu will meet with Barack Obama to discuss the “smokescreen” the Iranian president used to fool Western powers. The White House meeting will take place before Netanyahu addresses the UN General Assembly on Tuesday.

“I intend to tell the truth in the face of the sweet talk and charm offensive of Iran,” Netanyahu said before boarding the plane to New York.

“Telling the truth at this time is essential for world peace and security and, of course, for Israel’s security,” AFP cites him as saying.

After Iranian President Hassan Rouhani addressed the United Nations General Assembly last week, Netanyahu called the speech “cynical” and “full of hypocrisy,” saying it was aimed at fooling the Western powers while Iran continues advancing towards a nuclear weapons capability.

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U.S. Government Shutdown Looms: A Q&A On What Happens Next (And Who Stays At Home)

The Government Shutdown Looms: A Q&A On What Happens Next (And Who Stays At Home) (ZeroHedge, Sep 29, 2013):

With a government’s October 1 shut down – temporary of course – now seemingly inevitable, and more importantly with the peak debt ceiling negotiations due in just about a week after which point the Treasury will run out of money, many wonder what comes next. That this is happening just two short years after the dramatic August 2011 debt ceiling impasse, when the market tumbled 20% and likely slowed economic growth is still fresh in everyone’s mind, is hardly helping matters. Add a potential political crisis in Greece and Italy, and suddenly a whole lot of unexpected variables have to be “priced in.”

Courtesy of AP, here are questions and answers about how the two standoffs, now intertwined, could affect the economy and financial markets:

Q. What exactly will happen within the next days and weeks?

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Boehner: ‘House Votes To Keep Govt’ Running’; US Troops Will Be Paid During Government Shutdown

Boehner: “House Votes To Keep Govt’ Running”; US Troops Will Be Paid During Government Shutdown (ZeroHedge, Sep 29, 2013):

Just like that, we are back to square minus one, with the House again punting to the senate:

  • HOUSE VOTES 231 TO 192 TO DELAY OBAMACARE FOR ONE YEAR, AVERT GOVERNMENT SHUTDOWN
  • 2 DEMOCRATS VOTE YES, 2 REPUBLICANS VOTE NO
  • HOUSE UNANIMOUSLY VOTES 423-0 ON “PAY OUR MILITARY ACT” ENSURING TROOPS ARE PAID DURING GOVERNMENT SHUTDOWN

Boehner promptly took to Twitter to be social-network(ally) hip:

As reported earlier, the Senate will promptly squash said bill once again as it did with the defunding CR, in effect leaving essentially no time to cobble a deal together ahead of the the October 1 government shutdown.

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Berlusconi Has Last Laugh As Italy Scrambles To Contain Fallout From Government Collapse

Berlusconi Has Last Laugh As Italy Scrambles To Contain Fallout From Government Collapse (ZeroHedge, Sep 29, 2013):

Following yesterday’s unexpected (if not shocking) news that ministers from Berlusconi’s PDL have resigned en masse in order to push for new elections, leading to the latest Italian government crisis (in a long and distinguished series), Italy’s premier Letta and president Napolitano are scrambling to preserve some stability, and not only they but moments ago Ansa reported that the management and supervisory boards of Italian megabank Intesa are set to meet at 6 pm, as not even the most optimistic see an easy way out of the political dead end Italy has found itself in now.

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House Votes To Delay Obamacare By One Year; Checks To Senate Democrats – Shutdown ‘Inevitable’?

House Votes To Delay Obamacare By One Year; Checks To Senate Democrats – Shutdown ‘Inevitable’? (ZeroHedge, Sep 29, 2013):

On a rare Saturday session (now Sunday); in a not-too-surprising vote down party lines, the House has voted in favor of the continued-military-funding, medical-device-tax-repealing, Obamacare-delaying continuing resolution that keeps the government paid until December 15th…

  • *HOUSE PASSES 231-192 OBAMACARE DELAY IN U.S. SPENDING BILL
  • *HOUSE VOTES 423-0 TO FUND TROOPS IF GOVERNMENT SHUTS DOWN

Now it’s off to the Senate and Harry Reid’s ‘over-my-dead-body’ as the White House prepares for Government Shutdown.. (and/or veto) with little (or no) time to cobble together a last-minute deal.

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Thanks To Obamacare, Employer-Based Health Insurance Is Becoming An Endangered Species

Thanks To Obamacare, Employer-Based Health Insurance Is Becoming An Endangered Species (Economic Colapse, Sep 28, 2013):

Barack Obama promised to fundamentally transform America, and when it comes to health care he has definitely kept his promise.  Thanks to Obamacare, health care spending is up, health insurance premiums are up, the number of hours Americans are working is down and employer-based health insurance is becoming an endangered species.  Of course employer-based health insurance will not disappear completely any time soon, but it has been steadily shrinking for over a decade, and Obamacare will greatly accelerate that decline.  If you go back to 1999, 64.1 percent of all Americans were covered by employment-based health insurance.  That was pretty good.  Today, only 54.9 percent of all Americans are covered by employment-based health insurance, and now thousands upon thousands of U.S. employers are considering reducing the scope of the health plans they offer to employees or eliminating them altogether due to Obamacare.  If you are thinking that this sounds like a potential nightmare for millions of Americans families, you would be exactly right.

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Bashing Syria And Iran (Veterans Today)

Bashing Iran and Syria (Veterans Today, Sep 28, 2013):

A previous article called Iran bashing longstanding. It’s been ongoing for nearly 35 years. It’s unrelenting. Lies substitute for truth and full disclosure.

The same holds for Syria. Assad’s defending his country responsibly. He’s doing so against foreign invaders. He’s wrongfully blamed for Western-enlisted death squad crimes.

It doesn’t matter what’s true of false. Lying for power is longstanding major media practice.

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