Apr 24

Ventilation system leakage went unsealed from when the radiation event occurred on Feb. 14 until Mar. 6
Ventilation system leakage went unsealed from when the radiation event occurred on Feb. 14 until Mar. 6

- Wall St. Journal: Report reveals WIPP containment system leaked radiation — ‘Unfiltered’ plutonium released into environment for 20 days after accident — Something like this “wasn’t supposed to happen for 10,000 years” (VIDEO) (ENENews, April 24, 2014):

AP, Apr. 23, 2014: Board chairman Ted Wyka previewed the [Department of Energy's Accident Investigation Board report] findings at a community meeting Wednesday […] Shortcomings were found at almost every step, from a more than 10-hour response to the initial emergency alarm to a bypass in the filtration system that allowed the radiation to escape above ground. “The bottom line is they failed to believe initial indications of the release,” Wyka said. […] Crews are still working to identify the source of the leak, which sent low levels of radiation into the air around the plant, but officials believe it occurred in the area where toxic waste was last being handled. Officials Wednesday night said there were people working in that area at the time of the fire, but did not say what they were doing.

Continue reading »

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Apr 24

- The FCC is about to axe-murder net neutrality. Don’t get mad – get even (The Guardian, April 24, 2014):

The former cable and wireless industry lobbyist Tom Wheeler is re-writing rules in favor of the telecom giants – not you, me or the internet. Here’s what you can do to stop him

In January, a federal appeals court rejected regulations designed to assure some measure of fairness in the way America’s internet service providers (ISPs) handle information traveling through their networks. The problem, according to the court, was not so much that the Federal Communications Commission (FCC) couldn’t insist on what is called “network neutrality” – the idea that customers, rather than ISPs, should decide priorities for information they get online. No, the issue was that the FCC had tried to impose broadband rules under the wrong regulatory framework. And the court all but invited the FCC to fix its own mistake and rewrite its own updated rules.

Continue reading »

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Apr 24

- White House Former Chief Of Staff Joins Hedge Fund Launched By Former JPM Prop Traders (ZeroHedge, April 24, 2014):

“The amount of experience he has is ridiculous,” says former JPM prop trader Galuti, adding “- in a positive way,” as he explains why former Clinton Commerce secretary (and Obama chief of staff) Bill Daley has joined the small Swiss-based hedge fund. The revolving door of favors continues as Daley, who The FT reports will be based in Chicago and oversee US expansion (as well as provide macroeconomic and political advice), joins an ever-growing number of former Obama administration officials to have taken jobs in the financial sector.

As The FT reports, Bill Daley, the former White House chief of staff, is to join the hedge fund Argentière Capital, which was founded last year by leaders of JPMorgan’s disbanded proprietary trading division.

Mr Daley, who was also Commerce Secretary under President Bill Clinton, joins a number of former Obama administration officials to have taken jobs in the financial sector.

He will be based in Chicago and help spearhead the fund’s US expansion, as well as provide macroeconomic and political advice.

Continue reading »

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Apr 24

The FCC Wants To Break The Internet

- Unless Defeated, New FCC Rules Will Put ‘Stake in Internet’s Heart’ (Common Dreams, April 24, 2014):

Critics of the new rules say that this could be the moment the internet as we know it will die if the people do not rise to its defense

Defenders of an open, innovative and fair internet are up in arms Thursday after learning the Federal Communications Commission is about to issue new rule proposals that will kill the online principle known as “net neutrality.”

The death of net neutrality—which has governed the equal treatment of content since the internet was created—will create, say critics, a tiered internet that allows major internet service providers like Comcast and Verizon to cut special and lucrative deals with content providers who can afford to pay for special “fast lanes.” The result will be an internet that will incentivize slower traffic by ISPs and the creation of privatized, corporate-controlled “toll-roads” that will come to dominate a once fair and free environment.

“If it goes forward, this capitulation will represent Washington at its worst.”
—Todd O’Boyle, Common Cause

As reported by variousoutlets, the  new rules have been circulated by FCC chairman Tom Wheeler to the other members of the commission and will be officially announced on Thursday.

“With this proposal, the FCC is aiding and abetting the largest ISPs in their efforts to destroy the open Internet,” said Craig Aaron, president of the media advocacy group Free Press. “Giving ISPs the green light to implement pay-for-priority schemes will be a disaster for startups, nonprofits and everyday Internet users who cannot afford these unnecessary tolls. These users will all be pushed onto the Internet dirt road, while deep pocketed Internet companies enjoy the benefits of the newly created fast lanes.”

Chairman Wheeler defended the new proposals and denied the rule changes were an attack on the open internet, but Aaron rejected those claims and said that trying to argue these new rules protect net neutrality is an insult.

“This is not Net Neutrality,” he stated. “It’s an insult to those who care about preserving the open Internet to pretend otherwise. The FCC had an opportunity to reverse its failures and pursue real Net Neutrality by reclassifying broadband under the law. Instead, in a moment of political cowardice and extreme shortsightedness, it has chosen this convoluted path that won’t protect Internet users.”

“Everyday users will all be pushed onto the Internet dirt road, while deep pocketed Internet companies enjoy the benefits of the newly created fast lanes.”
—Craig Aaron, Free Press

Those who have fought hardest to protect the idea of a free and equal digital playing field for all users, however, said Wheeler’s claims don’t pass the laugh test and rebuked the Chairman’s proposals in the strongest possible terms.

“If it goes forward, this capitulation will represent Washington at its worst,” Todd O’Boyle, program director of Common Cause’s Media and Democracy Reform Initiative, told the New York Times. “Americans were promised, and deserve, an Internet that is free of toll roads, fast lanes and censorship — corporate or governmental.”

And speaking with Time magazine, Lauren Weinsten, a veteran tech-policy expert and prominent Net-neutrality advocate, said: “This is a stake in the heart for Internet openness.”

She continued: “The nation’s largest Internet service providers have hit the ultimate jackpot. These companies keep secret all of the information needed to evaluate whether violations of Internet openness have occurred, and because the FCC moves so slowly, by the time it acts, a company that’s been victimized could be out of business.”

And Free Press’ Aaron put particular emphasis on the perverse incentives the new rules would create, explaining:

“This is a stake in the heart for Internet openness.” 
—Lauren Weinsten, tech expert

The FCC apparently doesn’t realize the dangerous incentives these rules would create. The routing of data on the Internet is a zero-sum game. Unless there is continual congestion, no website would pay for priority treatment. This means the FCC’s proposed rules will actually produce a strong incentive for ISPs to create congestion through artificial scarcity. Not only would this outcome run counter to the FCC’s broader goals, it actually undermines the so-called Section 706 legal basis for these rules.

This proposal is short-sighted and should be strenuously opposed by the broader Internet community — including millions of Americans who have urged Chairman Wheeler and his predecessors to safeguard the open Internet. The only parties cheering this idea on will be the largest ISPs who stand to profit from discrimination. We urge Chairman Wheeler’s colleagues not to support this item as currently drafted and demand nothing less than real Net Neutrality.

Both Common Cause and Free Press have already posted petitions on their sites where concerned citizens can voice their opposition and join the fight to oppose the FCC’s new rules.

The Free Press petition states, in part:

People everywhere understand that the Internet is a crucial driver of free speech, innovation, education, economic growth, creativity and so much more. They demand real Net Neutrality rules that protect Internet users from corporate abuse.

But the Federal Communications Commission is proposing rules that would kill — rather than protect — Net Neutrality and allow rampant discrimination online.

Under these rules, telecom giants like AT&T, Comcast and Verizon would be able to pick winners and losers online and discriminate against online content and applications. And no one could do anything about it.

We must stop the FCC from moving forward with these rules, which would give the green light to ISPs eager to crush Net Neutrality.

The agency can preserve Net Neutrality only by designating broadband as a telecommunications service under the law. Anything else is an attack on our rights to connect and communicate.

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Apr 24

- The Middle Class In Canada Is Now Doing Better Than The Middle Class In America (Economic Collapse, April 22, 2014):

For most of Canada’s existence, it has been regarded as the weak neighbor to the north by most Americans.  Well, that has changed dramatically over the past decade or so.  Back in the year 2000, middle class Canadians were earning much less than middle class Americans, but since then there has been a dramatic shift.  At this point, middle class Canadians are actually earning more than middle class Americans are.  The Canadian economy has been booming thanks to a rapidly growing oil industry, and meanwhile the U.S. middle class has been steadily shrinking.  If current trends continue, a whole bunch of other countries are going to start passing us too.  The era of the “great U.S. middle class” is rapidly coming to a bitter end.

In recent years, I have been up to Canada frequently, and I am always amazed at how much nicer things are up there.  The stores and streets are cleaner, the people are more polite and it seems like almost everyone that wants to work has a job.

But despite knowing all this, I was still surprised when the New York Times reported this week that middle class incomes in Canada have now surpassed middle class incomes in the United States… Continue reading »

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Apr 24

Flashback:

- This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied – THE SEQUEL

- The US Government Is Preparing For Collapse: Your Legal Right To Redeem Your Money Market Account Has Been Denied


- Must Read: Fed Employees Rollout A Bold Idea To Trap The Entire Country’s Wealth (Common Dreams, March 24, 2014):

Free market economists are not going to be happy about this…

A major financial news source just published shocking details about a research report by two employees at the Federal Reserve Bank. The 36-page report applauds the use of “capital controls” in global markets.

If you’re unfamiliar with the term “capital controls,” it’s probably because we tend to avoid them in the United States in favor of a free market economy.

Continue reading »

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Apr 24

- Initial Jobless Claims Jump Most In 4 Months, Continuing Claims At Best Since 2007 (ZeroHedge, April 24, 2014):

Initial jobless claims surged from 304k to 329k this week, the biggest weekly rise since mid-December. From exuberance at new cycle lows, we swing to the average of the last 8 months. This is the biggest miss to expectations in over 2 months. Continuing Claims dropped further to new cycle lows at 2.68 million (beating expectations) – its lowest since Dec 2007. So this is as good as it gets for continuing claims – America is back at its best!

Initial claims surges back up to its average of the last 8 months…

initial-jobless-claims

As continuing claims plunges to new cycle lows not seen since Dec 2007 – as good as it gets Continue reading »

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Apr 24

WACO

Will we Have Another WACO this time in Nevada? (Armstrong Economics, April 23, 2014):

The Feds are gathering and have brought in hired guns. We are more likely than not headed into a military confrontation – the first since Waco. Keep in mind that Obama’s head of the Justice Department, Eric Holder now Attorney General, called the shots on Waco back then. He got away with it before – why not again?

There is a hope that if enough people show up the Feds will stand-down.

The likelihood of the Feds ever backing down is highly unlikely.

Continue reading »

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Apr 23

Related info:

- ‘Fuck The EU’ Victoria Nuland Says US Spent $5 BILLION To Back ‘DEMOCRACY’ In Ukraine


Russia's Ambassador to the UN Vitaly Churkin
Russia’s Ambassador to the UN Vitaly Churkin (AFP Photo / Don Emmert)

- Churkin: US behind Ukraine crisis after investing $5bn in ‘regime change’ (RT, April 23, 2014):

The US is to blame for the events in Ukraine as it invested $5 billion in regime change in the country, taking a more radical stance that its EU allies, Vitaly Churkin, Russia’s envoy to the UN, said.

“It seems it was the Americans, who tried to push through the most radical scenario,” Churkin said in an interview with Rossiya 24 channel. “They didn’t want any sort of compromise between [ousted President Viktor] Yanukovich and the opposition. And, I think, they came to the conclusion that it was time to cash in those $5 billion and handle the matter towards abrupt regime change, which, eventually, happened.”

This explains why the US, but not the European Union, took center stage when the coup resulted in legal vacuum in Kiev, he added.

US Assistant Secretary of State for European and Eurasian Affairs Victoria Nuland told CNN on Monday that Washington has invested around $5 billion into supporting democracy in Ukraine since the fall of Soviet Union.

But Churkin has doubts about Nuland’s claims, saying that “any sane person would, at least, say that those investments didn’t pay off.” Continue reading »

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Apr 23

lavrov-interview

US is ‘running show’ in Ukraine – Lavrov (Voice of Russia, April 23, 2014):

The United States has lately been shuffling off the responsibility for what’s going on in Ukraine on Russia, continuing to blame it for, as they say, locating its troops in the area, while the US involvement in the crisis is most obvious, Russia’s Foreign Minister told RT TV Channel in an exclusive interview Wednesday.

Russian Foreign Minister Sergei Lavrov has said the United States has a hand in the standoff in Ukraine. “There is no reason not to believe that the Americans are running the show” in the Ukrainian crisis, Lavrov told the Russia Today.

Continue reading »

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Apr 23

Watch the video here:

- Lavrov: Kiev issued ‘criminal order’ allowing use of weapons against civilians (RT, April 23, 2014):

The coup-appointed Kiev government’s order to use force against Ukrainian citizens is “criminal,” the Russian Foreign Minister told RT. He also denied claims that there is Russian military presence on Ukrainian territory.

In an interview with RT’s Sophie Shevardnadze, Sergey Lavrov called acting Ukrainian President Alexander Turchinov’s order to reinitiate an anti-terror operation in East Ukraine, a criminal act. Continue reading »

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Apr 23

putin

- Russia Warns West “Remove Forces”; Begins Military Exercise On Ukraine Border (ZeroHedge, April 23, 2014):

UPDATE: Dutch fighter jets were scrambled after Russian bombers approached Dutch airspace; the Russian planes turned away

With both sides appearing to have entirely un-de-escalated and the truce deal now a thing of the past (besides a few hundred Dow points), the Russians are speaking up today – and are not happy:

  • RUSSIA IS EXTREMELY SURPRISED BY KIEV AND WASHINGTON’S “DISTORTED” INTERPRETATION OF AGREEMENT REACHED IN GENEVA LAST WEEK ON DE-ESCALATION OF UKRAINE CRISIS – FOREIGN MINISTRY
  • RUSSIAN FOREIGN MINISTRY SAYS KIEV AND WASHINGTON “CLOSING THEIR EYES” TO PROVOCATIVE ACTIONS BY NATIONALIST FORCES IN UKRAINE

And, on the heels of Turchynov’s official restart of the so-called anti-terrorist operation, Russia is calling on Ukraine to pull back military from Ukraine’s southeast… and rattles its sabre by undertaking a military exercise on the border.

Bloomberg reports, Continue reading »

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Apr 23

- Second US Warship Enters Black Sea To “Promote Peace And Stability” (ZeroHedge, April 22, 2014):

Less than two short weeks ago, the US sent their first warship into The Black Sea to “reassure NATO allies and Black Sea partners.” Since then, thing shave escalated and then de-escalated last week with the so-called “truce deal.” So why is the US sending a second ship? The Oliver Hazard Perry-class frigate USS Taylor (FFG 50), homeported in Mayport, Fla., will enter the Black Sea April 22 to “promote peace and stability in the region.” We are sure that Putin will stand idly by and watch as NATO and the US build forces on his borders, but no matter how aggressive his response, the US Navy combat dolphin and sea lion team will not accompany the mission.

As Navy reports,

The Oliver Hazard Perry-class frigate USS Taylor (FFG 50), homeported in Mayport, Fla., will enter the Black Sea April 22 to promote peace and stability in the region.

USS Taylor (FFG 50)

Continue reading »

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Apr 23

A soldier jumps over a ring of fire during a tactical training mission in Heihe, northeast China's Heilongjiang province, on March 5, 2014
A soldier jumps over a ring of fire during a tactical training mission in Heihe, northeast China’s Heilongjiang province, on March 5, 2014

- China Challenges Obama’s Asia Pivot With Rapid Military Buildup (Bloomberg, April 23, 2014):

President Barack Obama’s trip to Asia this week will be dominated by a country he’s not even visiting: China.

Each of the four nations on the president’s itinerary is involved in territorial disputes with an increasingly assertive China. And years of military spending gains have boosted the capabilities of the People’s Liberation Army faster than many defense analysts expected, casting a shadow over relations between China and its neighbors and sparking doubts about long-term prospects for the U.S. presence in the Pacific.

Continue reading »

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Apr 23

H/t reader M.G.:

“If the US doesn’t get its corrupt insignificant ass out of the Ukraine, Putin will slap them down………and it won’t take much to do it. The biggest myth has been US military might. China has been building (using all US military plans given them by the greedy corporations as part payment for slave labor) up their military like crazy. They are sided with Putin. Putin is just as able as the US, and the entire region is behind him, not the US.”


- Sergey Lavrov: “If Russian Troops Or People Attacked, We’ll Retaliate” (ZeroHedge, April 23, 2014):

It took Joe Biden just a day after his arrival in Kiev to kill and bury the last remaining hope that last week’s latest attempt at diplomatic de-escalation in Geneva would actually be anything more than a joke. A few hours ago, in a statement posted on the parliament website, Ukraine acting President Oleksandr Turchynov said that pro-Russian separatists have “crossed line” adding that East Ukraine is currently controlled by “terrorists” supported by Russia.

In other words, the same old song and dance.

Which is why this time Russia made it quite clear to issue a warning that the next time there is a provocation against its soldiers or, more importantly, against its people, those in East Ukraine to be specific, it would retaliate. Once again, Obama’s “costs” message is lost on Putin…

Continue reading »

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Apr 23

H/t reader M.G.:

“The US is really in trouble. Terrible home sales numbers came in, and the market hardly responded. That tells me two things, first, the market is totally rigged, as we all know. Second, it also means the few real investors left (recognize 85% of all transactions are high frequency skim and sell) are betting short……..betting the market will sink.

People are waking up and asking for their money. This is murdering the money changers, and the stock market reflects the US GDP which 78% of it is in the false financial markets which are full of cooked books and lying spreadsheets. The world market is imploding, the printing party is over.”


- Traders shocked that home sales didn’t slam stocks (CNBC, April 23, 2014):

Sales of new single-family homes surprisingly slid to an eight-month low in March, falling 14.5 percent to a seasonally adjusted 384,000, when economists polled by Reuters had expected to see a reading of 450,000. And although the S&P 500 dipped slightly on the 10 a.m. ET report, many traders were confused about why stocks weren’t hurt more.

“I am surprised that the market wasn’t hurt by that awful home sales number,” wrote Jim Iuorio of TJM Institutional Services. “It has to be that the market needs a couple more numbers to erase the positive vibe, or that the Yellen ‘put’ is still in play. Either way, it is strange.”

- New Home Sales Collapse To 8 Month Lows (ZeroHedge, April 23, 2014):

New Home Sales collapsed 14.5% month-over-month to its lowest since July 2013. A mere 384k versus 450k expectations is the biggest miss since July. So much for the Spring buying season… This is a 7 standard deviation miss against the smart economists’ estimates! Whocouldanode that when the free-money sponsored fast money leaves the game that real people with real debt and real wages are simply priced out of buying a new home? Supply of unsold new homes jumps to 6 months, its highest since Oct 2011 (as once again the visible hand’s interference has produced yet another mal-investment boom as the ‘if we build it, they will come’ builders face an ugly reality).

New Home Sales

The Economists nailed it… (Deutsche’s Joe Lavorgna was above consensus at 460k) Continue reading »

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Apr 23

H/t reader M.G.:

“New, and more important topic……junk bond inflows have ceased…….even worse, more mutual funds are invested in them than ever before………..the system is imploding, and it is happening now.”


- Junk Loans Record Inflows Halting; How Concerned Should You Be? (Bloomberg, April 23, 2014):

What happens when unprecedented flows into the $1.1 trillion junk-loan market stop? Investors may be about to find out.

Investors yanked $276 million from loan mutual funds in the week ended April 16, breaking a 95-week streak of deposits, Wells Fargo & Co. data show. Leveraged loans – those rated below investment grade – are poised for their first monthly loss since August, and the biggest exchange-traded fund investing in the debt yesterday reported its first withdrawal since June, according to data compiled by Bloomberg.

Momentum is starting to shift away from high-yield loans, long heralded as a way to ward off losses from rising interest rates. Investors are reconsidering how much protection the market will actually provide as the Federal Reserve unwinds record stimulus measures that have suppressed borrowing costs.

“It’s going to be a disaster on the way out,” said Mirko Mikelic, a senior money manager at ClearArc Capital Inc., who helps oversee $7 billion of assets. “On the way in, there’s insatiable demand,” especially for higher-yielding assets with less interest-rate risk.

Continue reading »

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Apr 22

Joe-Biden

- Biden offers Kiev US help in organizing presidential elections on May 25 (Voice of Russia, April 22, 2014):

US Vice President Joe Biden told Ukrainian members of parliament in Kiev, including presidential candidates, that the United States was ready to help Ukraine’s economy but warned that they must fight the “cancer” of endemic corruption. He said the presidential election on May 25 would be the most important in the country’s history and Washington was ready to help in holding it. Biden added that the US is ready to assist Ukrainian leaders in seizing a chance to create national unity.

He said there was no reason Ukraine could not achieve energy security, but it would take time. He asked the legislators to imagine the stronger position Kiev would be in now if it was not dependent on Russia for gas supplies. Continue reading »

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Apr 22

Related info:

- U.S. State Department Confirms Authenticity Of Intercepted Ukraine ‘FUCK THE EU’ Phone Call, Accuses Russia Of Dirty Tricks

- ‘FUCK THE EU’ – US State Department Blasts Europe; Revealed As Alleged Mastermind Behind Ukraine Unrest


Assistant US Secretary of State Victoria Nuland and US ambassador to Ukraine Jeffrey Payette seen after meeting with the Ukrainian opposition leaders on the Nezalezhnost
Assistant US Secretary of State Victoria Nuland and US ambassador to Ukraine Jeffrey Payette seen after meeting with the Ukrainian opposition leaders on the Nezalezhnost (Independence) square, Kiev (Archive)

Nuland Says US Spent $5Bln to Back Democracy in Ukraine (RIA Novosti, April 22, 2014):

MOSCOW, April 22 (RIA Novosti) – Top US diplomat for Europe Victoria Nuland acknowledged in an interview with CNN Tuesday that Washington had allocated $5 billion to support democracy in Ukraine since the fall of the Soviet Union in 1991.

“That money has been spent on supporting the aspirations of the Ukrainian people to have a strong, democratic government that represents their interests,” the US Assistant Secretary of State for Europe and Eurasian Affairs said in an interview.

Continue reading »

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Apr 22

Homeland Security to Purchase 25 Million Shotgun Rounds

- Homeland Security to Purchase 25 Million Shotgun Rounds (Infowars, April 22, 2014):

DHS likely gearing up for mass panic in America with perpetual ammo purchases

Yesterday the Department of Homeland Security announced that it is seeking an ammunition dealer who can provide 25 million shotgun rounds to the agency over a five year period, adding to its already enormous arsenal of ammo.

The solicitation posted on FBO.gov states that U.S. Customs and Border Protection, a department under DHS, is seeking “shotgun ammunition for use by all applicable agencies in the Department of Homeland Security,” more specifically three million rounds of shotgun slugs per year and two million rounds of buckshot per year for five years.

“The ammunition will be used as appropriate at all Department of Homeland Security (DHS or department) component locations nationwide and outside the CONUS [continental United States,]” the notice reads.

Continue reading »

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Apr 22

- The “War on Street Artists” – Puppeteer Unlawfully Arrested and Harassed in NYC Subway (Liberty Blitzkrieg, April 22, 2014):

The following story is the latest in a series of articles I have written recently highlighting the over-prosecution and legal harassment of the poor and disenfranchised across the USA. While wealthy white collar criminals rape and pillage society with total immunity, those who have no voice are being increasingly stomped down upon by an unjust system. Some recent articles on the topic can read below:

Hyper-Sensitive Illinois Mayor Orders Police Raid Over Parody Twitter Account

Charleston Man Receives $525 Federal Fine for Failing to Pay for a $0.89 Refill

The Homeless in NYC Are Now Living in Tiny Spaces in the Frame of the Manhattan Bridge

In some of these cases, there is a ridiculous law on the books to allow such over-prosecution or harassment, while other times, such as in the case below, the cops appear to be making shit up and are acting completely outside of the law.

As someone who grew up in New York City and lived there for 28 years, I am quite familiar with street artists in America’s largest metropolis. Continue reading »

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Apr 22

- Paper: WIPP workers “not permitted to speak” — “Their jobs won’t ever be the same… will face new paradigm” — Concerns plutonium contaminated surrounding salt — Preparing for radiation levels so high, only robots can be used (VIDEO) (ENENews, April 22, 2014):

Albuquerque Journal News, Apr. 22, 2014: WIPP workers face big changes, Their jobs won’t ever be the same — Now that contamination has been discovered underground – although the extent is still unknown – the contractor that runs the Waste Isolation Pilot Plant says workers will face a new paradigm when they return to the site: more formality, tougher rules and more protective gear. [...] those working underground will likely be doing their jobs in a more hazardous environment – or one where the risks have been made more evident – with new rules of engagement to protect them from exposure to radiation. [...] plutonium and americium may have contaminated rock salt walls, mixed into dust on the floor, and clung to machinery and other equipment underground. If stirred or scuffed up, the radiation can become airborne and inhaled. [...] NWP workers are not permitted to speak to the press, according to a spokesman. Continue reading »

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Apr 22

- Flood Of Students Demanding Loan Forgiveness Forces Administration Scramble (ZeroHedge, April 22, 2014):

“Loan forgiveness creates incentives for students to borrow too much to attend college, potentially contributing to rising college prices for everyone,” is a study’s warning over government plans that allow students to rack up big debts and then forgive the unpaid balance after a set period. As WSJ reports, enrollment in student debt forgiveness plans have surged nearly 40% in just six months, to include at least 1.3 million Americans owing around $72 billion. The administration is looking to cap debt eligible for forgiveness, as President Obama’s revamped Pay As You Earn scheme has seen applications soar and is estimated to cost taxpayers $14bn a year. The ‘popularity’ of the student loan bailout plan surged after Obama promoted it in 2012, and now the administration must back-track as costs have massively outpaced government predictions.

20140422_debt

We have been aggresively focused on the government’s blowing of the student loan bubble… Continue reading »

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Apr 22

- Here Come The Boots On The Ground: US Troops Heading To Eastern Europe (ZeroHedge, April 22, 2014):

It seems the truce “deal” is well and truly dead…

  • 600 U.S. TROOPS HEADING TO EUROPE FOR EXERCISES: PENTAGON
  • U.S. AIRBORNE TROOPS GOING TO POLAND, LITHUANIA, LATVIA,ESTONIA
  • U.S. MILITARY EXERCISES ARE IN RESPONSE TO UKRAINE CRISIS:KIRBY
  • MORE MILITARY EXERCISES ‘COMING THROUGH’ NATO: PENTAGON

The question now, of course, is – what will Putin do in response to this action?

As for where these troops may be arriving from the answer is simple: that other US military intervention success story – Afghanistan.

From Reuters:

The number of U.S. troops in Afghanistan may drop well below 10,000 – the minimum demanded by the U.S. military to train Afghan forces – as the longest war in American history winds down, Obama administration officials briefed on the matter say.

Continue reading »

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Apr 22

More Californians move in with parents

- Number Of Middle Age Californians Living With Their Parents Soars (ZeroHedge, April 22, 2014):

In the latest indication of just how strong the US “recovery” is, we find that the number of Californians 50 to 64 who live in their parents’ homes has surged in recent years, which as the LA Times less than sarcastically adds, reflects “the grim economic aftermath of the Great Recession.” Wait, don’t they mean the great recovery? Because isn’t the S&P just 10 points from its all time closing high? Maybe all those middle-age Californians are merely seeking their comfort (and spare bedrooms) of their parents so they can all use the family E-trade terminal together.

Continue reading »

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Apr 22

pakistan_taliban

- Marines looking for a few good actors to play terrorists in training exercises (FOX News, April 21, 2014):

The United States Marine Corps is looking for a few good actors to play terrorists in upcoming training exercises, putting out a casting call that could give clues about what the Pentagon is prepping for.

A solicitation put out this month by the U.S. Marine Corps Forces Special Operations Command sought an actor to play an “Al Qaeda personality,” a French-speaker with a college degree in chemistry and three men who could play “high value insurgent” roles. The actors are needed for training exercises in South Carolina during the next three months.

Continue reading »

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Apr 22

US Air Force photo

- US Drones Continue ‘Massive’ Operations in Third Day of Attacks (Common Dreams, April 21, 2014):

Flurry of strikes continues

A suspected U.S. drone strike hit Yemen on Monday morning, the third such attack in as many days, killing people described as “militants” as part of “massive and unprecedented” operations targeting al Qaeda in the Arabian Peninsula.

According to reporting by the Associated Press, the most recent strike “targeted the mountainous area of Mahfad between the provinces of Abyan and Shabwa,” located in the southern part of the impoverished country.

Neither the number of casualties nor who they are is clear at this point.

Continue reading »

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Apr 22

- Is The US Military Preparing For The Collapse Of The Dollar? (ZeroHedge, April 21, 2014):

It almost happened in 2008… but as this excerpt from Casey Research’s Meltdown America documentary notes, it appears the US military is preparing for the potential collapse of the US dollar. As Scott Taylor warns, “…if the carrot (of credit worthiness) is fading, and the stick (of military threat) is weak, that empire is going to come down in a hurry…” which leaves a serial economic mis-manager only one option to ‘secure’ the empire.

To see what the consequences of economic mismanagement can be, and how stealthily disaster can creep up on you, watch the 30-minute documentary, Meltdown America. Witness the harrowing tales of three ordinary people who lived through a crisis, and how their experiences warn of the turmoil that could soon reach the US. Click here to watch it now.

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Apr 22

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- Pentagon’s Superpowered Autopilot Will Do the Work of 5 Crew Members (Wired, April 22, 2014):

Some think that the Defense Department couldn’t possibly reduce its forces as much as it claims it will. After all, who would fly the planes?

Now DARPA has an answer. The Pentagon’s research arm is developing a sophisticated, drop-in autopilot that can replace as many as five crew members of a military aircraft, and turn the pilot into a high-level “mission supervisor” issuing commands through a touch screen.

Continue reading »

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Apr 21

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- Mortgage Standards Are Plunging – It’s Muppet Fleecing Time All Over Again (Liberty Blitzkrieg, April 21, 2014):

In February, I highlighted the fact that subprime loans were about to make a return in my piece: Subprime Mortgages are Back…This Time Marketed as “Second Chance Purchase Programs.” In that article, I posited that with the “all cash” private equity shops and hedge funds no longer able to make good returns through buying new homes to rent, these investors would need some sucker to sell to in order to realize a return (Blackstone’s purchases have plunged 70% recently). That sucker, as always, will be the retail muppets, and those muppets will be lured in through subprime. This is now starting to happen in earnest.

The following article from the Wall Street Journal is both depressing and disturbing. Rather than allowing home prices to reset at a lower level after the 2008 crash where to normal buyers could afford a sane 20% mortgage, our central planners decided to do “whatever it takes” to re-inflate the housing bubble. This was achieved through wealthy investment pools buying properties for all cash. The trouble is, with home prices now inflated by these financial buyers and no real increase in wages, homes are simply unaffordable. So what do you do? You bring back subprime and get the peasants long real estate with essentially zero money down all over again. Truly remarkable. Continue reading »

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