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11/27/2011 Secret Fed Loans Gave Banks $13 Billion
Banks worldwide earned an estimated $13 billion by taking advantage of below-market rates on emergency U.S. Federal Reserve loans from August 2007 through April 2010. Roll over the bars below to explore details for each. To compare results with banks' net income or losses for the same timeframes, click the corresponding button. Worldwide total is the sum for 190 firms with available data; those banks lost a combined $21.6 billion. The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing. The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue. (Bloomberg)
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posted: 11/29/11                   0       6
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keywords: American Bankers Association, Ancel Martinez, Andrea Priest, Anil Kashyap, Anthony Coley, Bailouts, Bank Of America, Barack Obama, Barney Frank, Basel, Bear Stearns, Ben Bernanke, Berkeley, Bloomberg Lp, Brad Miller, Byron Dorgan, California, Center For Economic And Policy Research, Center For Responsive Politics, Charlotte, Citigroup, Clearing House Association, Countrywide Financial, Dallas, David Jones, Dean Baker, Dodd-frank Wall Street Reform Act, Dow Jones, Federal Reserve, Financial Crisis, Financial Crisis Inquiry Commission, Financial Services Forum, Financial Stability Oversight Council, Gary Stern, George Mason University, George W Bush, Gerald Hanweck, Glass-steagall Act, Goldman Sachs, Government Transparency, Graham Fisher & CO, Henry Paulson, Howard Opinsky, Jamie Dimon, Jerry Dubrowski, John Dearie, Jon Diat, Joshua Rosner, Jpmorgan Chase, Judd Gregg, Kenneth Lewis, Lehman Brothers, Mark Lake, Merrill Lynch, Minneapolis, Morgan Stanley, Neil Barofsky, New York, New York City, New York University, Nobel Prize, North Carolina, Occupy Boston, Occupy California, Occupy Oakland, Occupy Seattle, Occupy Wall Street, Oliver Williamson, Phillip Swagel, Police, Realtytrac, Richard Fisher, Richard Shelby, Scott Alvarez, Sherrill Shaffer, Sherrod Brown, Switzerland, Tea Party, Ted Kaufman, Timothy Geithner, US Bureau Of Labor Statistics, US Congress, US Department Of The Treasury, US Freedom Of Information Act, US Supreme Court, United States, University Of California, University Of Chicago, University Of Maryland, University Of Wyoming, Vikram Pandit, Viral Acharya, Wachovia, Wall Street, Washington DC, Washington Mutual, Wells Fargo, William English Add New Keyword To Link



10/24/2011 Revealed: the capitalist network that runs the world
AS PROTESTS against financial power sweep the world this week, science may have confirmed the protesters' worst fears. An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy. The study's assumptions have attracted some criticism, but complex systems analysts contacted by New Scientist say it is a unique effort to untangle control in the global economy. Pushing the analysis further, they say, could help to identify ways of making global capitalism more stable. The idea that a few bankers control a large chunk of the global economy might not seem like news to New York's Occupy Wall Street movement and protesters elsewhere (see photo). But the study, by a trio of complex systems theorists at the Swiss Federal Institute of Technology in Zurich, is the first to go beyond ideology to empirically identify such a network of power. It combines the mathematics long used to model natural systems with comprehensive corporate data to map ownership among the world's transnational corporations (TNCs). (New Scientist)
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posted: 10/28/11                   0       5
#2 
keywords: Affiliated Managers Group, Allianz Se, Aviva, Axa, Bank Of America, Bank Of New York Mellon, Barclays, Bnp Paribas, Brandes Investment Partners, California, Capital Group Companies, Capital Group International, China Petrochemical Group Company, Cnce, Credit Suisse, Deposit Insurance Corporation Of Japan, Deutsche Bank, Dodge & Cox, Fmr Corporation, Franklin Resources Inc, George Sugihara, Goldman Sachs, Ing Groep NV, Invesco, James Glattfelder, John Driffill, Jpmorgan Chase, LA Jolla, Legal & General Group, Legg Mason, Lehman Brothers, Lloyds Tsb Group, Massachusetts Mutual Life Insurance, Merrill Lynch, Mitsubishi Ufj Financial Group, Morgan Stanley, Natixis, New England Complex Systems Institute, New Scientist, Nomura Holdings, Northern Trust Corporation, Occupy Wall Street, Old Mutual Public Limited Company, Plos One, Resona Holdings, Schroders, Scripps Institution Of Oceanography, Société Générale, Standard Life, State Street Corporation, Sun Life Financial, Swiss Federal Institute Of Technology, Switzerland, T Rowe Price Group, The Depository Trust Company, Tiaa, Ubs, Unicredito Italiano Spa, United States, University Of London, Vanguard Group, Vereniging Aegon, Walton Enterprises, Wellington Management CO, Yaneer Bar-yam, Zurich Add New Keyword To Link



2/16/2011 Why Isn't Wall Street in Jail? Financial crooks brought down the world's economy -- but the feds are doing more to protect them than to prosecute them
By Matt Taibbi. Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer. "Everything's fucked up, and nobody goes to jail," he said. "That's your whole story right there. Hell, you don't even have to write the rest of it. Just write that." I put down my notebook. "Just that?" "That's right," he said, signaling to the waitress for the check. "Everything's fucked up, and nobody goes to jail. You can end the piece right there." Nobody goes to jail. This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth — and nobody went to jail. Nobody, that is, except Bernie Madoff, a flamboyant and pathological celebrity con artist, whose victims happened to be other rich and famous people. This article appears in the March 3, 2011 issue of Rolling Stone. The issue is available now on newsstands and will appear in the online archive February 18. The rest of them, all of them, got off. Not a single executive who ran the companies that cooked up and cashed in on the phony financial boom — an industrywide scam that involved the mass sale of mismarked, fraudulent mortgage-backed securities — has ever been convicted. Their names by now are familiar to even the most casual Middle American news consumer: companies like AIG, Goldman Sachs, Lehman Brothers, JP Morgan Chase, Bank of America and Morgan Stanley. Most of these firms were directly involved in elaborate fraud and theft. Lehman Brothers hid billions in loans from its investors. Bank of America lied about billions in bonuses. Goldman Sachs failed to tell clients how it put together the born-to-lose toxic mortgage deals it was selling. What's more, many of these companies had corporate chieftains whose actions cost investors billions — from AIG derivatives chief Joe Cassano, who assured investors they would not lose even "one dollar" just months before his unit imploded, to the $263 million in compensation that former Lehman chief Dick "The Gorilla" Fuld conveniently failed to disclose. Yet not one of them has faced time behind bars.

"You put Lloyd Blankfein in pound-me-in-the-ass prison for one six-month term, and all this bullshit would stop, all over Wall Street," says a former congressional aide. "That's all it would take. Just once." (Rolling Stone)
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posted: 3/12/11                   0       4
#3 
keywords: Al Dunlap, American International Group, Art Samberg, Arthur Tildesley Jr, Bailouts, Bank Of America, Barack Obama, Bear Stearns, Bernie Madoff, Boston, Charles Grassley, Charles Schumer, Citigroup, Columbia University, Commodity Futures Trading Commission, Credit Default Swaps, Credit Suisse, Davis Polk & Wardwell, Debevoise & Plimpton, Derek Jeter, Derivatives, Deutsche Bank, Dick Fuld, Dick Walker, Eliot Spitzer, Enron, Eric Dinallo, Fabrice Tourre, Fannie Mae, Federal Deposit Insurance Corporation, Federal Reserve, Financial Crisis, Financial Crisis Inquiry Commission, Freddie Mac, Gary Aguirre, Gary Crittenden, Gary Lynch, General Electric, George W Bush, Germany, Goldman Sachs, Government Transparency, Heller Financial, Henry Waxman, Hillary Clinton, Hilton Hotels, Immigration, JP Morgan Chase, Jed Rakoff, Joe Cassano, John Mack, Joseph St Denis, Lanny Breuer, Lehman Brothers, Linda Thomsen, Lloyd Blankfein, Lynn Turner, Mary Jo White, Merrill Lynch, Mexico, Morgan Stanley, New York City, New York Stock Exchange, Office Of The Comptroller Of The Currency, Ohio, Oliver Budde, Paul Berger, Philadelphia, Police, Portfolio Magazine, Preet Bharara, Residential Mortgage-backed Securities, Restricted Stock Units, Rite Aid, Robert Khuzami, Robert Morgenthau, Roger Clemens, Rudy Giuliani, Securities And Exchange Commission, Simpson Thacher & Bartlett, Sunbeam, Switzerland, Terrorists, US Congress, US Department Of Justice, United States, Wall Street, War On Drugs, Worldcom Add New Keyword To Link



2/2/2011 All-Time Record: Wall Street Compensation Hits $135 Billion
Wall Street was on the ropes just 25 months ago. Citigroup, Merrill Lynch, Lehman Bros., Bank of America, Wachovia, maybe Morgan Stanley; Goldman Sachs and JP Morgan Chase were wounded. GE could not role over its commercial paper. European banks required cash infusions from our central bank. Just in the wake of a report highlighting Wall Street’s narrow, selfish imbecilities, we are treated to the stunning realization that the captains of the sinking liner are today enjoying the all-time record payoff for surviving with massive transfusions. The payout of $135 billion to employees of Wall Street firms in 2010 is equivalent to the total market value of both Bank of America and Citigroup. Imagine– in two years. (Forbes)
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posted: 8/1/11                   0       1
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4/20/2010 Goldman Sachs: Master of the Universe
The status applies to all Wall Street giants, none, however, the equal of Goldman, the Grand Master. Like the fabled comic book Superman hero, it's: * faster than its competitors, thanks to its proprietary software ability to front run markets (illegal, but no matter); * more powerful than the government it controls; and * able to leap past competitors, given its special status. (Baltimore Chronicle)
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posted: 5/22/10                   0       16
#5 



2/23/2010 Secret AIG Document Shows Goldman Sachs Minted Most Toxic CDOs
When a congressional panel convened a hearing on the government rescue of American International Group Inc. in January, the public scolding of Treasury Secretary Timothy F. Geithner got the most attention. Lawmakers said the former head of the New York Federal Reserve Bank had presided over a backdoor bailout of Wall Street firms and a coverup. Geithner countered that he had acted properly to avert the collapse of the financial system. A potentially more important development slipped by with less notice, Bloomberg Markets reports in its April issue. Representative Darrell Issa, the ranking Republican on the House Committee on Oversight and Government Reform, placed into the hearing record a five-page document itemizing the mortgage securities on which banks such as Goldman Sachs Group Inc. and Societe Generale SA had bought $62.1 billion in credit-default swaps from AIG. These were the deals that pushed the insurer to the brink of insolvency -- and were eventually paid in full at taxpayer expense. The New York Fed, which secretly engineered the bailout, prevented the full publication of the document for more than a year, even when AIG wanted it released. That lack of disclosure shows how the government has obstructed a proper accounting of what went wrong in the financial crisis, author and former investment banker William Cohan says. “This secrecy is one more example of how the whole bailout has been done in such a slithering manner,” says Cohan, who wrote “House of Cards” (Doubleday, 2009), about the unraveling of Bear Stearns Cos. “There’s been no accountability.”

E-mails between Fed and AIG officials that Issa released in January show that the efforts to keep Schedule A under wraps came from the New York Fed. Revelation of the messages contributed to the heated atmosphere at the House hearing. “What date did you know there was a coverup?” Republican Congressman Brian Bilbray of California demanded of Geithner. Lawmakers used the word coverup more than a dozen times as they peppered Geithner with questions. (Bloomberg)
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posted: 7/3/10                   0       5
#6 
keywords: American International Group, Bailouts, Bank Of America, Bear Stearns, Chris Dodd, Daniel Calacci, Darrell Issa, Deutsche Bank, Duke University, Ed Grebeck, Federal Reserve, Financial Crisis, Financial Instruments, Goldman Sachs, Jack Gutt, James Cox, Janet Tavakoli, Joseph Cassano, Mark Herr, Merrill Lynch, Michael Duvally, Neil Barofsky, New Jersey, Philip Angelides, Residential Mortgage-backed Securities, Societe Generale, Tavakoli Structured Finance Inc, Tempus Advisors, Thomas Baxter, Timothy Geithner, US Congress, United States, Wall Street, Warren, William Cohan Add New Keyword To Link



7/21/2009 Kucinich: 'Is the Fed paying banks not to loan money?'
Ohio Democratic Congressman Dennis Kucinich wants to know: “If [the Troubled Asset Relief Program] isn’t about keeping people in their homes or providing credit to businesses, what is it for?” (The Raw Story)
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posted: 7/28/09                   0       12
#7 



7/17/2009 Paulson reveals US concerns of breakdown in law and order
Making his first appearance on Capitol Hill since leaving office, the former Treasury secretary Hank Paulson said it was important at the time not to reveal the extent of officials' concerns, for fear it would "terrify the American people and lead to an even bigger problem" (The Independent)
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posted: 7/21/09                   1       11
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7/16/2009 Congressman Stearns: Mr Paulson How Do You Have Any Credibility? (CSPAN)
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posted: 7/24/09      
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7/9/2009 The Great American Bubble Machine
From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression — and they're about to do it again

But then, any attempt to construct a narrative around all the former Goldmanites in influential positions quickly becomes an absurd and pointless exercise, like trying to make a list of everything. What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain — an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy. (Rolling Stone)
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posted: 5/26/10                   0       15
#10 
keywords: Al Gore, Alan Greenspan, Alternative Energy, American International Group, Arjun Murti, Bailouts, Bank Of America, Barack Obama, Bart Stupak, Bear Stearns, Big Oil, Bill Clinton, Blue Ridge Corporation, Blue Source Llc, British Petroleum, British Petroleum, Brooksley Born, California, California Public Employees' Retirement System, Canada, Carbon Dioxide, Changing World Technologies, Chicago Climate Exchange, Citigroup, Climate Change, Collateralized Debt Obligations, Commodity Futures Trading Commission, Countrywide, Cramer & CO, Credit Default Swaps, Daimlerchrysler, David Blood, David Viniar, Dennis Kozlowski, Derivatives, Ebay, Ed Liddy, Electric Vehicles, Eliot Spitzer, Enron, Eric Salzman, Etoys, Fannie Mae, Federal Deposit Insurance Corporation, Federal Reserve, Financial Crisis, Freddie Mac, Gary Gensler, Generation Investment Management, George W Bush, Germany, Gibson Greetings, Goldman Sachs, Great Depression, Green Growth Fund, Gsamp Trust, Henry Paulson, Horizon Wind Energy, International Monetary Fund, Internet, Internet Bubble, Ipos, Italy, J Arons & CO, Jay Ritter, Jerry Yang, Jim Cramer, Jmp Securities, John Kenneth Galbraith, John Mccain, John Thain, Jon Corzine, Joshua Bolten, Kansas, Keith Olbermann, Ken Lay, Ken Newcombe, Larry Summers, Lehman Brothers, Lloyd Blankfein, Lloyd Doggett, Marcus Goldman, Mark Ferguson, Mark Patterson, Massachusetts, Massachusetts Institute Of Technology, Meg Whitman, Merrill Lynch, Michael Greenberger, Michael Hecht, Michael Masters, Moody's, Nasdaq, National Economic Council, Neel Kashkari, Neil Levin, Netzero, New Jersey, New York, New York City, New York Stock Exchange, New York Times, Nicholas Maier, Oil Bubble, Orange County, Peter Harris, Procter & Gamble, Residential Mortgage-backed Securities, Robert Rubin, Robert Steele, Samuel Sachs, Securities And Exchange Commission, Shenandoah Corporation, Sidney Weinberg, Simon Johnson, Standard & Poor's, Stephen Friedman, Strategic Petroleum Reserve, Texas, Tyco International, US Congress, US Department Of The Treasury, US Energy Information Administration, US Government Accountability Office, United States, University Of Florida, University Of Maryland, Wachovia, Wall Street, Webvan, White House, William Dudley, World Bank, Yahoo Add New Keyword To Link



6/11/2009 US House to debate Ron Paul’s ‘Audit the Fed’ bill
In a show of cross-party unity, Ohio Democratic Congressman Dennis Kucinich became the bill’s 218th co-sponsor, pushing it over the threshold for debate in Congress (The Raw Story)
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posted: 6/12/09                   4       27
#11 



6/9/2009 Congress subpoenas the Federal Reserve
House lawmakers on Tuesday said they have subpoenaed the Federal Reserve to hand over e-mails, notes and other documents related to its role in Bank of America Corp.'s acquisition of Merrill Lynch & Co (USA Today)
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posted: 6/10/09                   5       26
#12 



6/4/2009 UPDATE: US Lawmakers Call BofA's Lewis To Testify June 11
Towns, who chairs the panel, and Kucinich, who chairs a key subcommittee, have been investigating the circumstances behind the government's decision to give Bank of America billions in government aid, and its acquisition of Merrill Lynch (Dow Jones)
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posted: 6/10/09                   4       22
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5/21/2009 Dollar Is Dirt, Treasuries Are Toast, AAA Is Gone: Mark Gilbert (Bloomberg)
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posted: 5/22/09                   7       24
#14 



5/12/2009 Candidate Comparison: Top Contributors 2008 Cycle
These tables list the top donors to these candidates in the 2008 election cycle (Center for Responsive Politics)
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posted: 7/29/09                   0       12
#15 



4/23/2009 Did government block transparency? In testimony released by New York State Attorney General Andrew Cuomo, Bank of America's CEO Ken Lewis says he was pressured by the government to keep quiet about losses from absorbing troubled Merrill Lynch (American Public Media)
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posted: 6/10/09                   3       21
#16 



2/9/2009 U.S. Taxpayers Risk $9.7 Trillion on Bailout Programs, would've paid for 90% of all mortgages
The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages. The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation have lent or spent almost $3 trillion over the past two years and pledged up to $5.7 trillion more. The Senate is to vote this week on an economic-stimulus measure of at least $780 billion. It would need to be reconciled with an $819 billion plan the House approved last month. Only the stimulus bill to be approved this week, the $700 billion Troubled Asset Relief Program passed four months ago and $168 billion in tax cuts and rebates enacted in 2008 have been voted on by lawmakers. The remaining $8 trillion is in lending programs and guarantees, almost all under the Fed and FDIC. Recipients’ names have not been disclosed. “We’ve seen money go out the back door of this government unlike any time in the history of our country,” Senator Byron Dorgan, a North Dakota Democrat, said on the Senate floor Feb. 3. “Nobody knows what went out of the Federal Reserve Board, to whom and for what purpose. How much from the FDIC? How much from TARP? When? Why?” (Bloomberg)
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posted: 5/6/09                   2       13
#17 



2/4/2009 Campbell Brown: No Bias, No Bull
Bailout Pay Cuts; Madoff Warnings Ignored?

QUESTION: That seems as if people that the president called shameless last week are being allowed to go on the honor system. I mean, what is the accountability? You said accountability. What is the teeth? I mean, what happens if these people violate it? Do we yank the money back? Do we bankrupt the firms? Do we fire the executives? ROBERT GIBBS, WHITE HOUSE PRESS SECRETARY: I will get clarification from Treasury on that, but I don't -- I mean, first of all, the beginning and the end of these is not just putting something on a Web site. (CNN)
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posted: 6/4/10                   0       7
#18 



2/4/2009 TARP Recipients Paid Out $114 Million for Politicking Last Year
The companies that have been awarded taxpayers' money from Congress's bailout bill spent $77 million on lobbying and $37 million on federal campaign contributions, Center finds. The return on investment: 258,449 percent (Communications)
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posted: 7/9/09                   0       13
#19 



1/29/2009 Nassim Taleb Says Banks `Hijack Us,' Can't Be Trusted (Bloomberg)
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posted: 5/22/09      
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1/16/2009 Bank of America to receive additional $20 billion
But the need for fresh government support to grapple with the newly revealed losses at Merrill Lynch, the brokerage firm he snapped up in a rapid-fire arrangement at the height of the financial crisis in September, raises questions about whether the bank has gone a deal too far (New York Times)
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posted: 6/10/09                   2       20
#21 



1/1/2009 Council on Foreign Relations
Corporate Members (Wikipedia)
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posted: 5/5/09                   2       20
#22 



9/26/2008 WaMu is largest U.S. bank failure
Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank, and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion (Reuters)
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posted: 7/29/09                   0       9
#23 



9/23/2008 NO To The Paulson-Bernanke Derivatives Scam Bailout
Bail Out the American People, Not Wall Street! An Economic Recovery Strategy for Protectionists, Dirigists, Mercantilists, and Populists (Webster G. Tarpley)
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posted: 6/18/09                   5       22
#24 



9/21/2008 Administration calls for quick action on bailout
Democrats want protections for homeowners, taxpayers in eventual rescue (MSNBC)
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posted: 6/5/09                   2       23
#25 



9/19/2008 One Week Later, a New World Order
Just five days and a bankruptcy, a government takeover and a shotgun merger later, the American financial system has been completely reordered, and more changes in the regulatory framework and on Wall Street are likely to come in the next few years (Wall Street Journal)
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posted: 5/14/09                   2       22
#26 



3/21/2008 Democrats are darlings of Wall St: Some fear donations will soften attitudes on financial regulation
Hillary Rodham Clinton and Barack Obama, who are running for president as economic populists, are benefiting handsomely from Wall Street donations, easily surpassing Republican John McCain in campaign contributions from the troubled financial services sector. It is part of a broader fundraising shift toward Democrats, compared to past campaigns when Republicans were the favorites of Wall Street. Some Democrats worry that the influx of money will make their candidates less willing to call for increased regulation of financial markets, which have been in turmoil after a wave of foreclosures on sub-prime mortgages. These concerned Democrats argue that their candidates, and presumptive Republican nominee McCain, should be willing to push for financial institutions to accept more government regulation -- in exchange for likely future bailouts, such as the recent deal the Federal Reserve orchestrated for JPMorgan Chase & Co. to take over Bear Stearns Cos. (Los Angeles Times)
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posted: 8/1/11                   0       1
#27 



3/17/2008 Security and Prosperity Partnership of North America (SPP): Security and prosperity for whom? (Global Research)
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posted: 5/19/09                   5       30
#28 



12/22/2007 Crisis may make 1929 look a 'walk in the park'
As central banks continue to splash their cash over the system, so far to little effect, Ambrose Evans-Pritchard argues that things risk spiralling out of their control (London Telegraph)
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posted: 8/6/09                   0       10
#29 



12/4/2007 Credit crisis: Long road to recovery
It's six months into the credit crunch and investors are still shaken. Businesses and households should get ready to hunker down in '08 (CNN)
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posted: 6/5/09                   0       23
#30 



2/27/2007 The Truth About Coal
Dressed in top hats, carrying bags of coal and calling themselves ''Billionaires for Coal,'' the group was protesting what it felt was the hypocrisy of a giant investment bank that proclaims a devout commitment to ''environmental excellence'' even as it provides financing for dirty power plants

There are at least two points to be made here. One, obviously, is there is a difference between talk and reality. Much of corporate America now appears to be out in front of the Bush administration in facing up to global warming. Some big players like Pacific Gas and Electric and DuPont seem seriously committed to mandatory controls on carbon dioxide emissions -- in sharp contrast to the administration's voluntary approach. Others, notably big investment banks, are still doing what comes naturally: seizing opportunities, whether or not those opportunities fit their green posturing. TXU can fairly claim that its plants, outfitted with the latest technology, will emit fewer pollutants that cause smog and acid rain than the clunkers that have been around for 50 years. But these plants will still be using the same basic technology -- burning coal, with no ability to capture and dispose of immense amounts of carbon dioxide. That's distressing from a global warming perspective. It is also distressing because cleaner, if costlier, technologies are available that could capture greenhouse gases before they enter the atmosphere (that is, if TXU or the private equity group that is negotiating to buy the utility were willing to make the investment). Which leads to the second point: There is a need to put a price on carbon to force companies to abandon older, dirtier technologies for newer, cleaner ones. Right now, everyone is using the atmosphere like a municipal dump, depositing carbon dioxide free. Start charging for the privilege and people will find smarter ways to do business. A carbon tax is one approach. Another is to impose a steadily decreasing cap on emissions and let individual companies figure out ways to stay below the cap. (New York Times)
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posted: 5/4/09                   3       13
#31 



5/17/2005 Task Force Urges Measures to Strengthen North American Competitiveness, Expand Trade, Ensure Border Security
North America is vulnerable on several fronts: the region faces terrorist and criminal security threats, increased economic competition from abroad, and uneven economic development at home. In response to these challenges, a trinational, Independent Task Force on the Future of North America has developed a roadmap to promote North American security and advance the well-being of citizens of all three countries. When the leaders of Canada, Mexico, and the United States met in Texas recently they underscored the deep ties and shared principles of the three countries. The Council-sponsored Task Force applauds the announced "Security and Prosperity Partnership of North America," but proposes a more ambitious vision of a new community by 2010 and specific recommendations on how to achieve it. Pointing to increased competition from the European Union and rising economic powers such as India and China in the eleven years since NAFTA took effect, co-chair Pedro C. Aspe, former Finance Minister of Mexico, said, "We need a vision for North America to address the new challenges." The Task Force establishes a blueprint for a powerhouse North American trading area that allows for the seamless movement of goods, increased labor mobility, and energy security. "We are asking the leaders of the United States, Mexico, and Canada to be bold and adopt a vision of the future that is bigger than, and beyond, the immediate problems of the present," said co-chair John P. Manley, Former Canadian Deputy Prime Minister and Minister of Finance. "They could be the architects of a new community of North America, not mere custodians of the status quo." (Council on Foreign Relations)
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posted: 11/8/10                   0       0
#32 
keywords: Alfonso De Angoitia, Allan Gotlieb, American University, Andrés Rozental, Arizona State University, Biometrics, Brookings Institution, Canadian Council Of Chief Executives, Carla Hills, Carlos Heredia, Chappell Lawson, China, Cidac, Consejo Mexicano De Asuntos Internacionales, Council On Foreign Relations, Cox Hanson O'reilly Matheson, David Mcd Mann, Donner Canadian Foundation, Doris Meissner, European Union, Gary Hufbauer, Gordon Giffin, Greenhouse Gases, Grupo Televisa, Heenan Blaikie, Heidi Cruz, Hills & Company, Institute For International Economics, Instituto Tecnológico Autónomo De México, James R Jones, Jeffrey Schott, John Manley, Kissinger Mclarty Associates, Kyoto Protocol, Leeds Weld & CO, Luis De LA Calle Pardo, Luis Rubio, Manatt Jones Global Strategies, Massachusetts, Massachusetts Institute Of Technology, Mccarthy Tetrault, Mckenna Long & Aldridge Llp, Merrill Lynch, Mexican Council On Foreign Relations, Michael Hart, Migration Policy Institute, Montemedia, Nelson Cunningham, Norman Paterson School Of International Affairs, North American Free Trade Agreement, Pedro Aspe, Pierre Marc Johnson, Protego, Queen's University, Rafael Fernandez De Castro, Ramón Alberto Garza, Raul Yzaguirre, Richard Falkenrath, Robert Pastor, Security And Prosperity Partnership Of North America, Texas, Thomas Axworthy, Thomas D'aquino, Thomas Niles, US Customs And Border Protection, United States, University Of Toronto, Wendy Dobson, William Weld Add New Keyword To Link



5/1/2005 Authors of "Building a North American Community" by the Council on Foreign Relations
Chairs: John P. Manley Pedro Aspe William F. Weld Vice Chairs: Thomas P. D'Aquino Andres Rozental Robert A. Pastor Publisher: Council on Foreign Relations Press

Sponsored by the Council on Foreign Relations in association with the Canadian Council of Chief Executives and the Consejo Mexicano de Asuntos Internacionales. North America is vulnerable on several fronts: the region faces terrorist and criminal security threats, increased economic competition from abroad, and uneven economic development at home. In response to these challenges, a trinational, Independent Task Force on the Future of North America has developed a roadmap to promote North American security and advance the well-being of citizens of all three countries. When the leaders of Canada, Mexico, and the United States met in Texas recently they underscored the deep ties and shared principles of the three countries. The Council-sponsored Task Force applauds the announced “Security and Prosperity Partnership of North America,” but proposes a more ambitious vision of a new community by 2010 and specific recommendations on how to achieve it. (Council on Foreign Relations)
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posted: 5/6/09                   2       15
#33 
keywords: 9/11, Alfonso De Angoita, Allan Gotlieb, American Stock Exchange, American University, Andres Rozental, Anheuser-busch, Arizona State University, Arxan Technologies, Asia Pacific Foundation, Beatriz Paredes, Bill Clinton, Brookings Institution, CNN, Canada, Canadian Council Of Chief Executives, Canadian Department Of Foreign Affairs And International Trade, Carla Hills, Carleton University, Carleton's Centre For Trade Policy And Law, Carlos Heredia, Carnegie Endowment For International Peace, Carter Center, Centro De Investigacio ́n Para El Desarrollo-center Of Research For Development, Chappell Lawson, Citigroup, Civitas Group Llc, Congress Of Mexico, Consejo Mexicano De Asuntos Internacionales, Council On Foreign Relations, Cox Hanson O’reilly Mathe- Son, Daniel Gerstein, David Mcd Mann, David Stewart-patterson, Donner Foundation, Doris Meissner, Editorial Televisa, Emera Inc, European Union, Foreign Affairs, Fundacio ́n Colosio, Gary Hufbauer, Geneva, George H W Bush, Georgetown University, Gerald Ford, Gordon Giffin, Greece, Grupo Modelo, Grupo Televisa, Heenan Blaikie, Heidi Cruz, Hills & Company, Institute For International Economics, Instituto Tecnolo ́gico Auto ́nomo De ME ́xico, International Affairs, JP Morgan Chase, James R Jones, Jeffrey Schott, Jimmy Carter, John Kerry, John Manley, Joseph Biden, Kaiser Family Foundation, Keyspan Energy Corporation, Kissinger Mclarty Associates, LA ́zaro CA ́rdenas-batel, Lawrence Spinetta, Leeds Weld & CO, Luis De LA Calle Pardo, Luis Rubio, Lyndon Johnson, Manatt Jones Global Strategies, Massachusetts, Massachusetts Institute Of Technology, Mccarthy Te ́ Trault Llp, Mcgill University, Mckenna Long & Aldridge Llp, Meridian International, Merrill Lynch, Mexican Ministry Of Finance, Mexico, Mexico City, Michael Hart, Michoaca ́n, Migration Policy Institute, Mijares Angoitia Corte ́s Y Fuentes, Monteme- Dia, National Council Of LA Raza, Nelson Cunningham, New York City, North American Free Trade Agreement, North American Union, Oklahoma, Ottawa, Pedro Aspe, Pierre Marc Johnson, Princeton University, Queen's University, Rafael Fernandez De Castro, Ramon Alberto Garza, Raul Yzaguirre, Reforma, Rene ́ Le ́vesque, Richard Falkenrath, Richard Nixon, Robert Pastor, Robert Zoellick, Ronald Reagan, Sam Boutziouvis, Sam Nunn, Security And Prosperity Partnership Of North America, Sotheby's Canada, Stikeman Elliott Llp, Sweden, Terrorists, Thomas Axworthy, Thomas D'aquinois, Thomas Niles, Thomas Ridge, Tlaxcala, Treasury Of Mexico, US Congress, US Department Of Homeland Security, US Department Of Housing And Urban Development, US Department Of Justice, US Department Of State, US Department Of The Treasury, US Immigration And Naturalization Service, US National Security Council, United Kingdom, United Nations, United States, United States Council For International Business, University Of Toronto, Vincente Fox, Warnaco International, Wendy Dobson, White House, William Weld, World Affairs Councils Of America, World Trade Organization Add New Keyword To Link



5/1/2005 Building a North American Community
Report of an Independent Task Force; Sponsored by the Council on Foreign Relations with the Canadian Council of Chief Executives and the Consejo Mexicano de Asuntos Internacionales

America’s relationship with its North American neighbors rarely gets the attention it warrants. This report of a Council-sponsored Indepen- dent Task Force on the Future of North America is intended to help address this policy gap. In the more than a decade since the North American Free Trade Agreement (NAFTA) took effect, ties among Canada, Mexico, and the United States have deepened dramatically. The value of trade within North America has more than doubled. Canada and Mexico are now the two largest exporters of oil, natural gas, and electricity to the United States. Since 9/11, we are not only one another’s major commercial partners, we are joined in an effort to make North America less vulnerable to terrorist attack. This report examines these and other changes that have taken place since NAFTA’s inception and makes recommendations to address the range of issues confronting North American policymakers today: greater economic competition from outside North America, uneven develop- ment within North America, the growing demand for energy, and threats to our borders. The Task Force offers a detailed and ambitious set of proposals that build on the recommendations adopted by the three governments at the Texas summit of March 2005. The Task Force’s central recommen- dation is establishment by 2010 of a North American economic and security community, the boundaries of which would be defined by a common external tariff and an outer security perimeter.

More than a decade ago NAFTA took effect, liberalizing trade and investment, providing crucial protection for intellectual property, creating pioneering dispute-resolution mechanisms, and establishing the first regional devices to safeguard labor and environmental standards. NAFTA helped unlock the region’s economic potential and demon- strated that nations at different levels of development can prosper from the opportunities created by reciprocal free trade arrangements. Since then, however, global commercial competition has grown more intense and international terrorism has emerged as a serious regional and global danger. Deepening ties among the three countries of North America promise continued benefits for Canada, Mexico, and the United States. That said, the trajectory toward a more integrated and prosperous North America is neither inevitable nor irreversible. In March 2005, the leaders of Canada, Mexico, and the United States adopted a Security and Prosperity Partnership of North America (SPP), establishing ministerial-level working groups to address key secu- rity and economic issues facing North America and setting a short deadline for reporting progress back to their governments. President Bush described the significance of the SPP as putting forward a common commitment ‘‘to markets and democracy, freedom and trade, and mutual prosperity and security.’’ The policy framework articulated by the three leaders is a significant commitment that will benefit from broad discussion and advice. The Task Force is pleased to provide specific advice on how the partnership can be pursued and realized. To that end, the Task Force proposes the creation by 2010 of a North American community to enhance security, prosperity, and opportunity. We propose a community based on the principle affirmed in the March 2005 Joint Statement of the three leaders that ‘‘our security and prosperity are mutually dependent and complementary.’’ Its boundaries will be defined by a common external tariff and an outer security perimeter within which the movement of people, products, and capital will be legal, orderly, and safe. Its goal will be to guarantee a free, secure, just, and prosperous North America.

A North American Advisory Council. To ensure a regular injection of creative energy into the various efforts related to North American integration, the three governments should appoint an independent body of advisers. This body should be composed of eminent persons from outside government, appointed to staggered multiyear terms to ensure their independence. Their mandate would be to engage in creative exploration of new ideas from a North American perspective and to provide a public voice for North America. A complementary approach would be to establish private bodies that would meet regularly or annually to buttress North American relationships, along the lines of the Bilderberg or Wehrkunde conferences, organized to support transatlantic relations. (Council on Foreign Relations)
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posted: 5/5/09                   0       15
#34 
keywords: 9/11, Afghanistan, Airports, Al-qaeda, Albert Fishlow, Alfonso De Angoita, Allan Gotlieb, Alternative Energy, American Stock Exchange, American University, Andrea Walther, Andres Rozental, Anheuser-busch, Anya Schmemann, Archer Daniels Midland Company, Arizona State University, Arturo Saruk- Han, Arxan Technologies, Asia, Asia Pacific Foundation, Asia-pacific Economic Cooperation, Aurora Adame, Beatriz Paredes, Big Oil, Big Pharma, Bilderberg Group, Bill Clinton, Biological Weapons, Biometrics, Brookings Institution, CNN, Canada, Canadian Council Of Chief Executives, Canadian Department Of Foreign Affairs And International Trade, Carbon Dioxide, Carla Hills, Carleton University, Carleton's Centre For Trade Policy And Law, Carlos Heredia, Carnegie Endowment For International Peace, Carter Center, Centro De Investigacio ́n Para El Desarrollo-center Of Research For Development, Chappell Lawson, Chemical Weapons, Cheryl Eadie, Citigroup, Civitas Group Llc, Climate Change, Columbia University, Congress Of Mexico, Consejo Mexicano De Asuntos Internacionales, Council On Foreign Relations, Cox Hanson O’reilly Mathe- Son, Daniel Gerstein, David Mcd Mann, David Stewart-patterson, Donner Foundation, Doris Meissner, Drug Cartels, Editorial Televisa, Education, Edward Morse, Emera Inc, European Union, Foreign Affairs, Fundacio ́n Colosio, G7, G8, Gary Hufbauer, Geneva, George H W Bush, George W Bush, Georgetown University, Gerald Ford, Gordon Giffin, Government Transparency, Greece, Greenhouse Gases, Grupo Modelo, Grupo Televisa, Health Care, Heenan Blaikie, Heidi Cruz, Hess Energy Trading Company, Hills & Company, Historica Foundation, Immigration, Institute For International Economics, Instituto Tecnolo ́gico Auto ́nomo De ME ́xico, Intellectual Property, International Affairs, Internet, Irina Faskianos, JP Morgan Chase, James R Jones, Jeffrey Schott, Jimmy Carter, John Cornyn, John Havens, John Kerry, John Manley, Jose Natividad Gonzalez Paras, Joseph Biden, Kaiser Family Foundation, Kate Zimmerman, Keyspan Energy Corporation, Kissinger Mclarty Associates, Kyoto Protocol, LA ́zaro CA ́rdenas-batel, Lawrence Spinetta, Lee Feinstein, Leeds Weld & CO, Lindsay Workman, Lisa Shields, Los Angeles, Luis De LA Calle Pardo, Luis Rubio, Lyndon Johnson, Mad Cow Disease, Manatt Jones Global Strategies, Manitoba, Massachusetts, Massachusetts Institute Of Technology, Mccarthy Te ́ Trault Llp, Mcgill University, Mckenna Long & Aldridge Llp, Meaghan Mills, Meridian International, Merrill Lynch, Mexican Constitution, Mexican Ministry Of Finance, Mexico, Mexico City, Michael Hart, Michoaca ́n, Migration Policy Institute, Mijares Angoitia Corte ́s Y Fuentes, Military, Monique Kaymond-dure, Monteme- Dia, Monterrey, Nancy Bodurtha, Nancy Wallace, National Council Of LA Raza, Natural Gas, Nelson Cunningham, New York, New York City, North American Aerospace Defense Command, North American Commission On Environmental Cooperation, North American Development Bank, North American Free Trade Agreement, North American Steel And Trade Committee, North American Union, North Atlantic Treaty Organization, North Dakota, Nuclear Weapons, Nuevo Leon, Oklahoma, Organization For Economic Cooperation And Development, Ottawa, Patricia Dorff, Paul Martin, Pedro Aspe, Pemex, Persian Gulf, Pierre Marc Johnson, Police, Pollution, Princeton University, Queen's University, Rafael Fernandez De Castro, Ramon Alberto Garza, Raul Rodriguez, Raul Yzaguirre, Reforma, Rene ́ Le ́vesque, Richard Falkenrath, Richard George, Richard Haass, Richard Nixon, Robert Pastor, Robert Zoellick, Ronald Reagan, Ross Laver, Sam Boutziouvis, Sam Nunn, Security And Prosperity Partnership Of North America, Sotheby's Canada, Steel, Stikeman Elliott Llp, Suncor Energy Inc, Sweden, Terrorists, Texas, Thomas Axworthy, Thomas D'aquinois, Thomas Niles, Thomas Ridge, Tlaxcala, Toronto, Treasury Of Mexico, Trees, US Air Force, US Army, US Congress, US Customs And Border Protection, US Department Of Education, US Department Of Homeland Security, US Department Of Housing And Urban Development, US Department Of Justice, US Department Of State, US Department Of The Treasury, US Immigration And Naturalization Service, US National Security Council, US Navy, United Kingdom, United Nations, United States, United States Council For International Business, University Of Toronto, Vicente Fox, Vincente Fox, Waco, War On Drugs, Warnaco International, Washington DC, Water, Wehrkunde Conference, Wendy Dobson, White House, William Weld, World Affairs Councils Of America, World Bank, World Trade Organization, Yves-andre Istel Add New Keyword To Link



12/19/2001 German firm probes last-minute World Trade Center transactions
So far, they have recovered information from 32 computers that support suspicions that some of the 911 transactions were illegal (Reuters)
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posted: 5/14/09                   2       22
#35 



10/9/2001 Suppressed Details of Criminal Insider Trading Lead Directly into the CIA's Highest Ranks
CIA Executive Director "Buzz" Krongard Managed Firm That Handled "Put" Options On UAL

Until 1997 A.B. "Buzzy" Krongard had been Chairman of the investment bank A.B. Brown. A.B. Brown was acquired by Banker's Trust in 1997. Krongard then became, as part of the merger, Vice Chairman of Banker's Trust-AB Brown, one of 20 major U.S. banks named by Senator Carl Levin this year as being connected to money laundering.

The levels of put options purchased above were more than six times higher than normal. (From the Wilderness)
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posted: 5/31/10                   0       10
#36 



9/29/2001 Suspicious profits sit uncollected
Airline investors seem to be lying low

yet to collect more than $2.5 million in profits they made trading options in the stock of United Airlines before the Sept. 11 terrorist attacks (San Francisco Chronicle)
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posted: 5/14/09                   2       21
#37 



5/26/1999 Clinton, pope join Bilderbergers
Secret meeting of global movers, shakers in Portugal (World Net Daily)
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posted: 5/21/09                   2       28
#38 




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