Oct 26

Flashback:

- Welcome to the Recovery (New York Times, by Timothy Geithner, August 2, 2010)

‘Recovery’ is the ‘Greatest Depression’.

Don’t miss:

- COLLAPSE: 37 Facts About How Cruel This Economy Has Been To Millions Of Desperate American Families


- Will The Bottom Fall Out? 15 Signs That Layoffs And Job Losses Are Skyrocketing (Economic Collapse, Oct 25, 2012):

If you still have a good job, you might want to hold on to it very tightly because there are a whole bunch of signs that unemployment in the United States is about to start getting worse again.  Over the past several weeks, a substantial number of large corporations have announced disappointing earnings for the third quarter.  Many of those large corporations are also loaded up with huge amounts of debt.  So what is the solution?  Well, the favorite solution on Wall Street these days seems to be to lay off workers.  In fact, it is almost turning into a feeding frenzy.  Since September 1st, we have seen more job cuts announced than during any other two month period since the start of 2010.  These announcements represent future layoffs and job losses which are not even showing up in the unemployment numbers yet.  So needless to say, things don’t look very promising for the end of 2012 or for the beginning of 2013.  If this race to eliminate jobs becomes a stampede, will we see the bottom fall out of the employment market?If you are concerned about whether or not you will still have a job 12 months from now, you might find the numbers posted below to be quite alarming.  We have not seen layoff announcements come this fast and this furious since the gloomy days of the last recession.

According to Bloomberg, job cuts are well ahead of the pace set last year…

North American companies have announced plans to eliminate more than 62,600 positions at home and abroad since Sept. 1, the biggest two-month drop since the start of 2010, according to data compiled by Bloomberg. Firings total 158,100 so far this year, more than the 129,000 job cuts in the same period in 2011.

So what happens if the economy really starts sliding rapidly and this loss of jobs becomes an avalanche?

Can the U.S. economy and the American people handle another major economic downturn?

Some of the biggest names in the business world have announced job cuts in recent weeks. 

The following are 15 signs that layoffs and job losses are skyrocketing… Continue reading »

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Sep 23

- Iran Accuses German Siemens Of Sabotaging Its Nuclear Plant As Turkey Sends Heavy Weapons To Syria Border (ZeroHedge, Sep 22, 2012):

It seems you can’t turn your back on the Middle East for more than a few minutes without something going bump in the desert. Sure enough, a few shorts hours after we reported that the leader of Iran’s Revolutionary Guards is certain war with Israel is coming, here comes Iran again with the stunning admission that none other than German industrial conglomerate, and occasional maker of nuclear power plants, Siemens was reponsible for “implanting tiny explosives inside equipment the Islamic Republic purchased for its disputed nuclear program. Prominent lawmaker Alaeddin Boroujerdi said Iranian security experts discovered the explosives and removed them before detonation, adding that authorities believe the booby-trapped equipment was sold to derail uranium enrichment efforts. “The equipment was supposed to explode after being put to work, in order to dismantle all our systems,” he said. “But the wisdom of our experts thwarted the enemy conspiracy.” Expert wisdom aside, what is stunning is not the ongoing attempts by everyone and the kitchen sink to terminally corrupt the Iranian nuclear power plant: after Stuxnet one would expect nothing less than every form of conventional and “new normal” espionage thrown into the pot to cripple the only peaceful argument Iran would have for demanding nuclear power, which by implication would mean that all ongoing nuclear pursuits are geared solely toward aggressive, military goals, of the type that demand immediate military retaliation by the democratic superpowers. No, what is stunning is the implicit admission that Germany’s, and Europe’s, largest electrical engineering company, has been not only quietly transacting with none other than world peace (as portrayed by the MSM) enemy #1, Iran, but instrumental in its nuclear program.

Obviously it took a Stuxnet second before Siemens denied everything and then some. Via Reuters: Continue reading »

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Sep 21

- Siemens gets out of nuclear business (The Local/AFP, Sep, 19, 2011):

“We will no longer be involved in overall managing of building or financing nuclear plants. This chapter is closed for us,” he said, explaining that Siemens would restrict its activity to dual-use technology.

“We will from now on supply only conventional equipment such as steam turbines. This means we are restricting ourselves to technologies that are not only for nuclear purposes but can also be used in gas or coal plants.”

Löscher said his group’s decision to withdraw from the nuclear industry reflected “the very clear stance taken by Germany’s society and political leadership.”

The German government announced its decision to abandon nuclear power by 2022 in the wake of the disaster at Japan’s Fukushima nuclear plant.

Continue reading »

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Aug 23

All to protect civilians, right?

- Pentagon’s Secret War: U.S. Special Operations Forces To Be Deployed in 120 Countries By The End Of This Year (Counterpunch)

- Bahrain Seeks Mercenaries From Indonesia, Malaysia And Pakistan (ABC Radio Australia)

- Bahrain Doctors Tortured Into Confessing, Say Families (BBC News)

- UK Training Saudi Forces Used To Crush Arab Spring (Guardian)

- Blackwater Hired To Set Up A 800-Member Mercenary Battalion For The United Arab Emirates (Reuters)

- Exposed: The US-Saudi Libya Deal: You Invade Bahrain. We Take Out Muammar Gaddafi In Libya (Asia Times)


- Torture in Bahrain Aided by Nokia Siemens (Bloomberg, Aug 23, 2011):

The interrogation of Abdul Ghani Al Khanjar followed a pattern.

First, Bahraini jailers armed with stiff rubber hoses beat the 39-year-old school administrator and human rights activist in a windowless room two stories below ground in the Persian Gulf kingdom’s National Security Apparatus building. Then, they dragged him upstairs for questioning by a uniformed officer armed with another kind of weapon: transcripts of his text messages and details from personal mobile phone conversations, he says.

If he refused to sufficiently explain his communications, he was sent back for more beatings, says Al Khanjar, who was detained from August 2010 to February.

“It was amazing,” he says of the messages they obtained. “How did they know about these?”

The answer: Computers loaded with Western-made surveillance software generated the transcripts wielded in the interrogations described by Al Khanjar and scores of other detainees whose similar treatment was tracked by rights activists, Bloomberg Markets magazine reports in its October issue.

The spy gear in Bahrain was sold by Siemens AG (SIE), and maintained by Nokia Siemens Networks and NSN’s divested unit, Trovicor GmbH, according to two people whose positions at the companies gave them direct knowledge of the installations. Both requested anonymity because they have signed nondisclosure agreements. The sale and maintenance contracts were also confirmed by Ben Roome, a Nokia Siemens spokesman based in Farnborough, England. Continue reading »

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Jun 10

- Bilderberg Group 2011: Full Official Attendee List:

“Thanks to the fantastic work of Bilderberg activists, journalists and the Swiss media, we have now been able to obtain the full official list of 2011 Bilderberg attendees. Routinely, some members request that their names be kept off the roster so there will be additional Bilderbergers in attendance.

Belgium

  • Coene, Luc, Governor, National Bank of Belgium
  • Davignon, Etienne, Minister of State
  • Leysen, Thomas, Chairman, Umicore

China

  • Fu, Ying, Vice Minister of Foreign Affairs
  • Huang, Yiping, Professor of Economics, China Center for Economic Research, Peking University

Denmark

  • Eldrup, Anders, CEO, DONG Energy
  • Federspiel, Ulrik, Vice President, Global Affairs, Haldor Topsøe A/S
  • Schütze, Peter, Member of the Executive Management, Nordea Bank AB

Germany

  • Ackermann, Josef, Chairman of the Management Board and the Group Executive Committee, Deutsche Bank
  • Enders, Thomas, CEO, Airbus SAS
  • Löscher, Peter, President and CEO, Siemens AG
  • Nass, Matthias, Chief International Correspondent, Die Zeit
  • Steinbrück, Peer, Member of the Bundestag; Former Minister of Finance Continue reading »

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May 23


Added: 23.05.2011

Arnie Gundersen explains how containment vents were added to the GE Mark 1 BWR as a “band aid” 20 years after the plants built in order to prevent an explosion of the notoriously weak Mark 1 containment system. Obviously the containment vent band aid fix did not work since all three units have lost containment integrity and are leaking radioactivity. Gundersen also discusses seismic design flaws, inadequate evacuation planning, and the taxpayer supported nuclear industry liability fund.

More from Arnie Gundersen:

- Chief Nuclear Engineer Arnie Gundersen: Real Severe Problem Cooling Unit No. 3 Reactor, Hydrogen Explosion Possible – TEPCO Admits Unit 4 Leaning, Could Collapse – All 3 Nuclear Containments Leaking

- Chief Nuclear Engineer Arnie Gundersen: Fukushima Update, Groundwater Contamination Worst in Nuclear History (05/06/2011)

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Jun 06

Bilderberg Meetings
Sitges, Spain 3-6 June 2010


Final List of Participants

Honorary Chairman BEL Davignon, Etienne Vice Chairman, Suez-Tractebel

DEU Ackermann, Josef Chairman of the Management Board and the Group Executive Committee, Deutsche Bank AG
GBR Agius, Marcus Chairman, Barclays Bank PLC
ESP Alierta, César Chairman and CEO, Telefónica
INT Almunia, Joaquín Commissioner, European Commission
USA Altman, Roger C. Chairman, Evercore Partners Inc.
USA Arrison, Sonia Author and policy analyst
SWE Bäckström, Urban Director General, Confederation of Swedish Enterprise
PRT Balsemão, Francisco Pinto Chairman and CEO, IMPRESA, S.G.P.S.; Former Prime Minister
ITA Bernabè, Franco CEO, Telecom Italia S.p.A.
SWE Bildt, Carl Minister of Foreign Affairs
FIN Blåfield, Antti Senior Editorial Writer, Helsingin Sanomat
ESP Botín, Ana P. Executive Chairman, Banesto
NOR Brandtzæg, Svein Richard CEO, Norsk Hydro ASA
AUT Bronner, Oscar Publisher and Editor, Der Standard
TUR Çakir, Ruşen Journalist
CAN Campbell, Gordon Premier of British Columbia
ESP Carvajal Urquijo, Jaime Managing Director, Advent International
FRA Castries, Henri de Chairman of the Management Board and CEO, AXA
ESP Cebrián, Juan Luis CEO, PRISA
ESP Cisneros, Gustavo A. Chairman and CEO, Cisneros Group of Companies
CAN Clark, W. Edmund President and CEO, TD Bank Financial Group
USA Collins, Timothy C. Senior Managing Director and CEO, Ripplewood Holdings, LLC
ITA Conti, Fulvio CEO and General Manager, Enel SpA
GRC David, George A. Chairman, Coca-Cola H.B.C. S.A.
DNK Eldrup, Anders CEO, DONG Energy
ITA Elkann, John Chairman, Fiat S.p.A.
DEU Enders, Thomas CEO, Airbus SAS
ESP Entrecanales, José M. Chairman, Acciona
DNK Federspiel, Ulrik Vice President Global Affairs, Haldor Topsøe A/S
USA Feldstein, Martin S. George F. Baker Professor of Economics, Harvard University
USA Ferguson, Niall Laurence A. Tisch Professor of History, Harvard University
AUT Fischer, Heinz Federal President
IRL Gallagher, Paul Attorney General
USA Gates, William H. Co-chair, Bill & Melinda Gates Foundation and Chairman, Microsoft Corporation
USA Gordon, Philip H. Assistant Secretary of State for European and Eurasian Affairs
USA Graham, Donald E. Chairman and CEO, The Washington Post Company
INT Gucht, Karel de Commissioner, European Commission
TUR Gürel, Z. Damla Special Adviser to the President on EU Affairs
NLD Halberstadt, Victor Professor of Economics, Leiden University; Former Honorary Secretary General of Bilderberg Meetings
USA Holbrooke, Richard C. Special Representative for Afghanistan and Pakistan
NLD Hommen, Jan H.M. Chairman, ING Group
USA Hormats, Robert D. Under Secretary for Economic, Energy and Agricultural Affairs
BEL Huyghebaert, Jan Chairman of the Board of Directors, KBC Group
USA Johnson, James A. Vice Chairman, Perseus, LLC
FIN Katainen, Jyrki Minister of Finance
USA Keane, John M. Senior Partner, SCP Partners
GBR Kerr, John Member, House of Lords; Deputy Chairman, Royal Dutch Shell plc.
USA Kissinger, Henry A. Chairman, Kissinger Associates, Inc.
USA Kleinfeld, Klaus Chairman and CEO, Alcoa
TUR Koç, Mustafa V. Chairman, Koç Holding A.Ş.
USA Kravis, Henry R. Founding Partner, Kohlberg Kravis Roberts & Co.
USA Kravis, Marie-Josée Senior Fellow, Hudson Institute, Inc.
INT Kroes, Neelie Commissioner, European Commission
USA Lander, Eric S. President and Director, Broad Institute of Harvard and MIT
FRA Lauvergeon, Anne Chairman of the Executive Board, AREVA
ESP León Gross, Bernardino Secretary General, Office of the Prime Minister
DEU Löscher, Peter Chairman of the Board of Management, Siemens AG
NOR Magnus, Birger Chairman, Storebrand ASA
CAN Mansbridge, Peter Chief Correspondent, Canadian Broadcasting Corporation
USA Mathews, Jessica T. President, Carnegie Endowment for International Peace
CAN McKenna, Frank Deputy Chair, TD Bank Financial Group
GBR Micklethwait, John Editor-in-Chief, The Economist
FRA Montbrial, Thierry de President, French Institute for International Relations
ITA Monti, Mario President, Universita Commerciale Luigi Bocconi
INT Moyo, Dambisa F. Economist and Author
USA Mundie, Craig J. Chief Research and Strategy Officer, Microsoft Corporation
NOR Myklebust, Egil Former Chairman of the Board of Directors SAS, Norsk Hydro ASA
USA Naím, Moisés Editor-in-Chief, Foreign Policy
NLD Netherlands, H.M. the Queen of the
ESP Nin Génova, Juan María President and CEO, La Caixa
DNK Nyrup Rasmussen, Poul Former Prime Minister
GBR Oldham, John National Clinical Lead for Quality and Productivity
FIN Ollila, Jorma Chairman, Royal Dutch Shell plc
USA Orszag, Peter R. Director, Office of Management and Budget
TUR Özilhan, Tuncay Chairman, Anadolu Group
ITA Padoa-Schioppa, Tommaso Former Minister of Finance; President of Notre Europe
GRC Papaconstantinou, George Minister of Finance
USA Parker, Sean Managing Partner, Founders Fund
USA Pearl, Frank H. Chairman and CEO, Perseus, LLC
USA Perle, Richard N. Resident Fellow, American Enterprise Institute for Public Policy Research
ESP Polanco, Ignacio Chairman, Grupo PRISA
CAN Prichard, J. Robert S. President and CEO, Metrolinx
FRA Ramanantsoa, Bernard Dean, HEC Paris Group
PRT Rangel, Paulo Member, European Parliament
CAN Reisman, Heather M. Chair and CEO, Indigo Books & Music Inc.
SWE Renström, Lars President and CEO, Alfa Laval
NLD Rinnooy Kan, Alexander H.G. Chairman, Social and Economic Council of the Netherlands (SER)
ITA Rocca, Gianfelice Chairman, Techint
ESP Rodriguez Inciarte, Matías Executive Vice Chairman, Grupo Santander
USA Rose, Charlie Producer, Rose Communications
USA Rubin, Robert E. Co-Chairman, Council on Foreign Relations; Former Secretary of the Treasury
TUR Sabanci Dinçer, Suzan Chairman, Akbank
ITA Scaroni, Paolo CEO, Eni S.p.A.
USA Schmidt, Eric CEO and Chairman of the Board, Google
AUT Scholten, Rudolf Member of the Board of Executive Directors, Oesterreichische Kontrollbank AG
DEU Scholz, Olaf Vice Chairman, SPD
INT Sheeran, Josette Executive Director, United Nations World Food Programme
INT Solana Madariaga, Javier Former Secretary General, Council of the European Union
ESP Spain, H.M. the Queen of
USA Steinberg, James B. Deputy Secretary of State
INT Stigson, Björn President, World Business Council for Sustainable Development
USA Summers, Lawrence H. Director, National Economic Council
IRL Sutherland, Peter D. Chairman, Goldman Sachs International
GBR Taylor, J. Martin Chairman, Syngenta International AG
PRT Teixeira dos Santos, Fernando Minister of State and Finance
USA Thiel, Peter A. President, Clarium Capital Management, LLC
GRC Tsoukalis, Loukas President, ELIAMEP
INT Tumpel-Gugerell, Gertrude Member of the Executive Board, European Central Bank
USA Varney, Christine A. Assistant Attorney General for Antitrust
CHE Vasella, Daniel L. Chairman, Novartis AG
USA Volcker, Paul A. Chairman, Economic Recovery Advisory Board
CHE Voser, Peter CEO, Royal Dutch Shell plc
FIN Wahlroos, Björn Chairman, Sampo plc
CHE Waldvogel, Francis A. Chairman, Novartis Venture Fund
SWE Wallenberg, Jacob Chairman, Investor AB
NLD Wellink, Nout President, De Nederlandsche Bank
USA West, F.J. Bing Author
GBR Williams, Shirley Member, House of Lords
USA Wolfensohn, James D. Chairman, Wolfensohn & Company, LLC
ESP Zapatero, José Luis Rodríguez Prime Minister
DEU Zetsche, Dieter Chairman, Daimler AG
INT Zoellick, Robert B. President, The World Bank Group

Rapporteurs
GBR Bredow, Vendeline von Business Correspondent, The Economist
GBR Wooldridge, Adrian D. Business Correspondent, The Economist

Source: Bilderberg Meetings

See also:

- Spanish PM to Open Secretive Bilderberg Club Meeting in Sitges

- Bilderberg 2010: The Shadowy Global Elite Is Meeting In Sitges

- Bilderberg investigation revealed to European Parliament

- The Elitist Takeover of Poland: IMF’s Marek Belka, Polish Ex-PM and Bilderberg Member Proposed as Polish Central Bank Head

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Nov 13

Nov. 13 (Bloomberg) — The German economy, Europe’s largest, contracted more than economists expected in the third quarter, pushing the nation into the worst recession in at least 12 years.

Gross domestic product dropped a seasonally adjusted 0.5 percent from the second quarter, when it fell 0.4 percent, the Federal Statistics Office in Wiesbaden said today. Economists expected a 0.2 percent decline, the median of 40 forecasts in a Bloomberg News survey showed. The economy last contracted this much over two consecutive quarters — the technical definition of a recession — in 1996.

German companies are struggling with dwindling export orders. Siemens AG, Europe’s biggest engineering company, reported a profit decline today and plans to cut 16,750 jobs by 2010. The Organization for Economic Cooperation and Development lowered its global forecast for the second time, saying the economy of its 30 members will contract 0.3 percent in 2009 after growing 1.4 percent this year.

“The German recession has begun in earnest and it’s very serious,” said Holger Schmieding, chief European economist at Bank of America Corp. in London. “It raises the risk of a German contraction of more than 1 percent next year and we will have to revise down our forecast for the euro area as well.”

Continue reading »

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Aug 28

In the Queen’s speech this autumn Gordon Brown’s government will announce a scheme to institute a database of every telephone call, email, and act of online usage by every resident of the UK. It will propose that this information will be gathered, stored, and “made accessible” to the security and law enforcement agencies, local councils, and “other public bodies”.

This fact should be in equal parts incredible and nauseating. It is certainly enraging and despicable. Not even George Orwell in his most febrile moments could have envisaged a world in which every citizen could be so thoroughly monitored every moment of the day, spied upon, eavesdropped, watched, tracked, followed by CCTV cameras, recorded and scrutinised. Our words and web searches, our messages and intimacies, are to be stored and made available to the police, the spooks, the local council – the local council! – and “other public bodies”.

Continue reading »

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