Nasdaq is set to launch tomorrow what its executives are calling one of the most significant developments on Wall Street in decades — a private stock market for super-wealthy investors.Minimum requirement for traders: $100 million in assets.
Any private firm can list on Nasdaq’s new platform, which is called the Portal Market, and raise money by selling stock to an elite group of shareholders. These companies would remain private and not have to make public their financial statements or submit to federal regulation, such as the Sarbanes-Oxley corporate accountability law.
· Old stock sent to Afghan forces battling Taliban
· 40-year-old ammunition had to be destroyed
The Pentagon entrusted a 22-year-old previously arrested for domestic violence and having a forged driving licence to be the main supplier of ammunition to Afghan forces at the height of the battle against the Taliban, it was reported yesterday.
AEY, essentially a one-man operation based in an unmarked office in Miami Beach, Florida, was awarded a contract worth $300m (£150m) to supply the Afghan army and police in January last year. But as the New York Times reported in a lengthy investigation, AEY’s president, Efraim Diversoli, 22, supplied stock that was 40 years old and rotting packing material.
“Much of the ammunition comes from the ageing stockpiles of the old communist bloc, including stockpiles that the state department and Nato have determined to be unreliable and obsolete, and have spent millions of dollars to have destroyed,” the paper said.
The increasing costs of production and the falling farm prices that go hand in hand with globalisation and corporate hijack of seed supply, combined with the decline in farm credit is putting an unbearable debt burden on farmers. The lure of huge profits linked with clever advertising strategies evolved by the seeds and chemical industries are forcing farmers into a chemical treadmill and a debt trap. It has been witnessed that across the country, farmers are taking the desperate step of ending their life. The pesticides, which had created debt, also became the source of ending indebted lives. More than 150,000 farmers have committed suicide in India due to distortions introduced in agriculture as a result of trade liberalisation. More than 20,000 farmers have committed suicide in Andhra Pradesh alone.
Larry A. Silverstein, who has won nearly $4.6 billion in insurance payments to cover his losses and help him rebuild at the World Trade Center site, is seeking $12.3 billion in damages from airlines and airport security companies for the 9/11 attack.Mr. Silverstein, the developer of ground zero, sought the damages, whose amount was not previously known, in a claim filed in 2004, that says the airlines and airport security companies failed to prevent terrorists from hijacking the planes used to destroy the buildings.
His case was consolidated last week with similar, earlier lawsuits brought by families of some victims of the attack and by other property owners. But in seeking $12.3 billion, he is by far the biggest claimant in the litigation.
STRASBOURG, France, March 9 (UPI) — Plans are being made for the installation of an information storage bank on the moon, experts said at a science meeting Strasbourg, France.The so-called“Doomsday ark” would provide the tools for the reconstruction of the human race in case civilization is ever destroyed, The Sunday London Times reported.
Germany and other industrialized nations are desperately trying to brace themselves against the threat of a collapse of the global financial system. The crisis has now taken its toll on the German economy, where the weak dollar is putting jobs in jeopardy and the credit crunch is paralyzing many businesses.
A trader reacts in front of the DAX board at the Frankfurt stock exchange.
The Bundesbank, Germany’s central bank, doesn’t like to see its employees working too late, and it expects even senior staff members to be headed home by 8 p.m. On weekends, employees seeking to escape the confines of their own homes are required to sign in at the front desk and are accompanied to their own desks by a security guard. Sensitive documents are kept in safes in many offices, and a portion of Germany’s gold reserves is stored behind meter-thick, reinforced concrete walls in the basement of a nearby building. In this environment, working overtime is considered a security risk.But the ordinary working day has been in disarray in recent weeks at the Bundesbank headquarters building, a gray, concrete box in Frankfurt’s Ginnheim neighborhood, where the crisis on international financial markets has many employees working late, even on weekends.
“The Fed would have the authority to go wherever in the system it thinks it needs to go for a deeper look to preserve stability,” Mr. Paulson said in the advance text of Monday’s speech. “To do this effectively, it will collect information from commercial banks, investment banks, insurance companies, hedge funds, commodity pool operators.”
WASHINGTON – The Treasury Department will propose on Monday that Congress give the Federal Reserve broad new authority to oversee financial market stability, in effect allowing it to send SWAT teams into any corner of the industry or any institution that might pose a risk to the overall system.
The proposal is part of a sweeping blueprint to overhaul the nation’s hodgepodge of financial regulatory agencies, which many experts say failed to recognize rampant excesses in mortgage lending until after they set off what is now the worst financial calamity in decades.
9/11 was an inside job, an catalyst event that was created to secure the oil in Iraq, take away your civil liberties, completely undermine your constitutional rights, destroy the middle class in the US and accelerate the New World Order.
It’s all about Problem-Reaction-Solution:
They created the problem (9/11).
The people reacted as expected (allowing to trade in freedom for security).
They then present the solution they wanted to implement in the first place (Patriot Act, FEMA, Homeland Security, Presidential Directive 51)
Blackwater, the notorious US security firm whose trigger-happy mercenaries were involved in civilian killings in Iraq and elsewhere, is expanding its lucrative business pitch into UN peacekeeping missions, hiding behind a mystique, off-shore affiliate called Greystone.
“In his most ambitious moments, [founder and owner Erik] Prince has set out a vision in which his companies would act as for-profit peacekeepers, working with the UN and other international organizations in conflict areas around the world,” the US magazine Mother Jones reveals in its March/April issue.
Prince, a former Navy SEAL, is repositioning his mercenaries as peacekeepers and relief forces.
If you think identity theft is bad now, wait until something called the Real ID Act goes into effect. This law federalizes and standardizes state driver’s licenses for all 50 states, and it will result in something that has been resisted in this country for a long time — a de facto national identity card.
The Real ID Act was pushed through Congress in 2005 with little meaningful debate. It imposes sweeping changes on state driver’s licenses that will result in significant new fees and hassles for everyone who needs a license or ID – not to mention posing a new threat to Americans’ privacy. And, our experience suggests that if Real ID becomes the standard for driver’s licenses, it will worsen the problem of identity theft.
The Privacy Rights Clearinghouse (PRC) has worked with thousands of ID theft victims, providing them with information and assistance in regaining their financial health. It usually takes months to repair the damage that ID thieves are able to cause in just a few minutes – if there’s an especially aggressive thief, it can take a year, even more.And during that time you’re in credit limbo. You can’t get a credit card, take out a loan, refinance your home – or if you do, the cost of your credit is much higher than it otherwise would be.
(The ID has RFID (radio frequency identification) chips embedded in it! – The Infinite Unknown)
Will Homeland Security the Militarized Police State Shock You Into Submission?
This is perhaps one of the most kooky and creepy Security State tactics that I have come across: the EMD safety bracelet, which is being billed as the “last line of defence.” A company called Lamperd Firearm Training Systems (scroll down) is trying to commercialize this item as an “airline security product.” The company’s video that hawks this device talks about the current facial recognition system called biometrics, where cameras capture photos of people and compare those images to the images of “terrorists” in its “terrorist” database. No matter how sophisticated this technology, it can all too often allow a terrorist on board a plane, and, this technology can also have the effect of creating airport bottlenecks. Ahem. The solution? The “viable, workable answer” is an electronic ID bracelet. This bracelet will replace the need for a ticket and contain all necessary information about the person, and as a bonus, it can allow the passenger to be tracked through the terminal. Crew members would be empowered with radio frequency transmitters to subdue “hijackers.” The technology will override a person’s central nervous system and zap them down quicker than you can say “Homeland Security.“ The company assures us that being dragged through the bracelet process is a “small inconvenience in order to assure your safe arrival.” In fact, its studies show that most people would “happily opt” for wearing the bracelet to “insure their own security.”
Upon activation of the electric shock device, through receipt of an activating signal from the selectively operable remote control means, the passenger wearing that particular bracelet receives the disabling electrical shock from the electric shock device. Accordingly, the passenger becomes incapacitated for a few seconds or perhaps a few minutes, during which time the passenger can be fully subdued and handcuffed, if necessary. Depending on the type of transmission medium used to send the activating signal, other passengers may also become temporarily incapacitated, which is undesirable and unfortunate, but may be unavoidable.
Lamperd even posts a series of letters on its website showing interest in the product for use “outside of airport security,” which, of course, is the real reason for the product. Why it can be used for border control to subdue illegal aliens or by local law enforcement agencies to control the “criminal element!”
Posted by Karen De Coster at March 23, 2008 05:43 AM
LONDON—Britain’s GCHQ, the government communications agency that electronically monitors half the world from space, has confirmed the claim by the Dalai Lama that agents of the Chinese People’s Liberation Army, the PLA, posing as monks, triggered the riots that have left hundreds of Tibetans dead or injured.
Tibetans and Han Chinese residents look at Chinese soldiers as they patrol a street in Kangding county,
the capital of Ganzi Tibetan Autonomous Prefecture, in China’s southwestern Sichuan province.
(Teh Eng Koon/AFP/Getty Images)
GCHQ analysts believe the decision was deliberately calculated by the Beijing leadership to provide an excuse to stamp out the simmering unrest in the region, which is already attracting unwelcome world attention in the run-up to the Olympic Games this summer.
Rice shortages are appearing across Asia. In Egypt, the Army is now baking bread to curb food riots.
Rice farmers here are staying awake in shifts at night to guard their fields from thieves. In Peru, shortages of wheat flour are prompting the military to make bread with potato flour, a native crop. In Egypt, Cameroon, and Burkina Faso food riots have broken out in the past week.
Moscow – Russian bombers accompanied by Nato fighter jets have completed a patrol off the north west coast of the United States, the Russian air force said on Wednesday, Interfax reported.
“NATO fighter jets accompanied the planes of long range aviation in the area of Alaska during the air patrol,” Alexander Drobyshevsky, assistant to the head of the Russian air force, was quoted as saying.
Two long range-bombers and two Il-78 flight refuelling tankers took part in the 15-hour patrol over the Arctic and Pacific oceans, he said. Drobyshevsky did not say when the patrol took place.
Russian President Vladimir Putin announced in August 2007 that Moscow was resuming with immediate effect the Cold War practice of sending strategic bombers on long-range flights well beyond its borders.
“About every eight seconds, a child somewhere in the world is dying from dirty water, and it’s just shocking that our government has taken this position,” said Maude Barlow, chair of the Council of Canadians.
OTTAWA – The Harper government can declare victory after a United Nations meeting rejected calls for water to be recognized as a basic human right.
Instead, a special resolution proposed by Germany and Spain at the UN human rights council was stripped of references that recognized access to water as a human right. The countries also chose to scrap the idea of creating an international watchdog to investigate the issue, choosing instead to appoint a new consultant that would make recommendations over the next three years.
Public’s feelings about economy are bleakest since ’73, survey indicates Americans are bracing for rising unemployment and shrinking salaries, a gloomy outlook that could translate into a serious cutback in consumer spending, the primary engine of the economy.
A survey of about 2,500 households found that Americans feel worse about the economy’s prospects than at any time since 1973, when Americans struggled with soaring oil prices and runaway inflation.