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2/9/2012 The Top Twelve Reasons Why You Should Hate the Mortgage Settlement
As readers may know by now, 49 of 50 states have agreed to join the so-called mortgage settlement, with Oklahoma the lone refusenik. Although the fine points are still being hammered out, various news outlets (New York Times, Financial Times, Wall Street Journal) have details, with Dave Dayen’s overview at Firedoglake the best thus far. The Wall Street Journal is also reporting that the SEC is about to launch some securities litigation against major banks. Since the statue of limitations has already run out on securities filings more than five years old, this means they’ll clip the banks for some of the very last (and dreckiest) deals they shoved out the door before the subprime market gave up the ghost. The various news services are touting this pact at the biggest multi-state settlement since the tobacco deal in 1998. While narrowly accurate, this deal is bush league by comparison even though the underlying abuses in both cases have had devastating consequences. The tobacco agreement was pegged as being worth nearly $250 billion over the first 25 years. Adjust that for inflation, and the disparity is even bigger. That shows you the difference in outcomes between a case where the prosecutors have solid evidence backing their charges, versus one where everyone know a lot of bad stuff happened, but no one has come close to marshaling the evidence. (Naked Capitalism)
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posted: 2/13/12                   0       7
#1 



2/8/2012 49-State Foreclosure Fraud Settlement Will Be Finalized Thursday
Forty-nine states, every one but Oklahoma, as well as federal regulators will participate in a foreclosure fraud settlement that will release the five biggest banks (Wells Fargo, Citi, Ally/GMAC, JPMorgan Chase and Bank of America) and their mortgage servicing units from liability for robo-signing and other forms of servicer abuse, in exchange for $25 billion in funding for legal aid, refinancing, short sales, restitution for wrongful foreclosures and principal reduction for underwater borrowers. The announcement will be made on Thursday. This settlement arises from multiple abuses found in the servicing of loans and the foreclosure process over the past several years. At the height of the housing bubble, banks sliced and diced mortgages and traded them with little regard for the rules following land recording or securitization to such a sloppy extent that they lost track of the true owner on potentially millions of homes. To cover up for this massive failure, banks and their servicing units have been found to have routinely forged, back-dated and fabricated documents at county recorder offices and state courts across the country. Furthermore, they employed “robo-signers,” who signed hundreds of thousands (if not millions) of documents and affidavits without any knowledge of the underlying mortgages. In addition, investigations uncovered massive servicing abuses, including illegal fees charged to borrowers, putting borrowers into foreclosure at the same time as they were working out loan modifications, failing to honor previous settlements where promises were made on modifications, and countless other errors that maximized servicer profits and gouged homeowners. There are also cases of wrongful foreclosures where homeowners have been turned out of their homes without just cause, and servicer-driven foreclosures, where servicers illegally added late fees and applied payments inaccurately, pushing the homeowner into foreclosure. This is but a smattering of the examples of foreclosure fraud and servicer abuse found in a series of interlocking investigations, court depositions, reviews of documents in registers of deeds offices, and homeowner testimonials. (Fire Dog Lake)
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posted: 2/13/12                   0       7
#2 
keywords: Ally Financial, Arizona, Bank Of America, Beau Biden, California, Catherine Cortez Masto, Chris Koster, Citigroup, Countrywide, David Dayen, Delaware, Docx, Eric Schneiderman, Financial Crisis, Financial Fraud Task Force, Foreclosure, Gus Altuzarra, Iowa, JP Morgan Chase, Joseph Smith, Kamala Harris, Lps, Martha Coakley, Massachusetts, Mers, Missouri, Nevada, New York, North Carolina, Oklahoma, Residential Mortgage-backed Securities, Scott Pruitt, Shaun Donovan, The New York Times, Tom Miller, US Department Of Housing And Urban Development, US Department Of Justice, United States, Vertical Capital Markets Group, Wells Fargo Add New Keyword To Link



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



11/25/2011 The shocking truth about the crackdown on Occupy: The violent police assaults across the US are no coincidence. Occupy has touched the third rail of our political class's venality
US citizens of all political persuasions are still reeling from images of unparallelled police brutality in a coordinated crackdown against peaceful OWS protesters in cities across the nation this past week. An elderly woman was pepper-sprayed in the face; the scene of unresisting, supine students at UC Davis being pepper-sprayed by phalanxes of riot police went viral online; images proliferated of young women – targeted seemingly for their gender – screaming, dragged by the hair by police in riot gear; and the pictures of a young man, stunned and bleeding profusely from the head, emerged in the record of the middle-of-the-night clearing of Zuccotti Park. But just when Americans thought we had the picture – was this crazy police and mayoral overkill, on a municipal level, in many different cities? – the picture darkened. The National Union of Journalists issued a Freedom of Information Act request to investigate possible federal involvement with law enforcement practices that appeared to target journalists. The New York Times reported that "New York cops have arrested, punched, whacked, shoved to the ground and tossed a barrier at reporters and photographers" covering protests. Reporters were asked by NYPD to raise their hands to prove they had credentials: when many dutifully did so, they were taken, upon threat of arrest, away from the story they were covering, and penned far from the site in which the news was unfolding. Other reporters wearing press passes were arrested and roughed up by cops, after being – falsely – informed by police that "It is illegal to take pictures on the sidewalk." (London Guardian)
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posted: 12/14/11                   0       4
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10/24/2011 New York cops defy order to arrest hundreds of 'Occupy Albany' protesters
Occupy Albany protesters in New York’s capital city received an unexpected ally over the week: The state and local authorities. According to the Albany Times Union, New York state troopers and Albany police did not adhere to a curfew crackdown on protesters urged by Gov. Andrew Cuomo (D) and Albany mayor Gerald Jennings. Mass arrests seemed to be in the cards once Jennings directed officers to enforce the curfew on roughly 700 protesters occupying the city owned park. But as state police joined the local cops, protesters moved past the property line dividing city and state land. (The Raw Story)
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posted: 10/28/11                   0       5
#5 
keywords: Albany, Albany Times Union, Andrew Cuomo, Financial Crisis, Gerald Jennings, Martial Law, New York, New York City, Occupy Albany, Occupy Wall Street, United States, Wall Street Add New Keyword To Link



8/23/2011 Quake raises safety concerns as nuclear plant shut
The largest earthquake to hit the East Coast of the United States in 67 years raised concerns on Tuesday about the safety of the country's nuclear power plants. The 5.8 magnitude quake's epicenter was just a few miles from the two-reactor North Anna nuclear power plant operated by Dominion Resources in Mineral, Virginia, 80 miles southwest of Washington. The plant lost power and automatically halted operations after the quake. While a Dominion spokesman reported no "major" damage to the facility, three diesel generators were required to kick in and keep the reactors' radioactive cores cool. A fourth diesel unit failed. While nuclear power plants can operate safely on back-up power, failure of generators was a key reason for the disaster at Japan's Fukushima Daiichi plant after a 9.0 magnitude quake and tsunami in March. "Nuclear power plants lose a significant margin of safety when they're forced to rely on these emergency back-up systems," said Paul Gunter, director of reactor oversight at Beyond Nuclear, an anti-nuclear lobby group. (Reuters)
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posted: 9/13/11                   0       6
#6 
keywords: Beyond Nuclear, Canada, Dominion Resources, Earthquakes, Edwin Lyman, Entergy, Fukushima, Indian Point Nuclear Plant, Japan, Jim Norvelle, Massachusetts Institute Of Technology, New York, New York City, North Anna Nuclear Plant, Nuclear Energy Institute, Nuclear Power Plant, Nuclear Regulatory Commission, Paul Gunter, Pennsylvania, Ronald Ballinger, South Carolina, Three Mile Island, Tony Pietrangelo, US Geological Survey, Union Of Concerned Scientists, United States, Victor Gilinsky, Virginia, Washington DC Add New Keyword To Link



8/11/2011 Rupert Murdoch's Greatest Moments in Ethics and Integrity
Are we still talking about this whole phone-hacking scandal at News Corp.? That's such old news. Tapping into the voicemails of major political figures and murder victims? Everybody did it. Top executives at one of the world's largest media companies arrested? A few bad apples. A cover-up that reaches the highest levels of the British government and law enforcement? Trumped-up charges from jealous rivals. Pie throwing in Parliament? OK, that guy must be a terrorist. Good thing Wendi clocked him. You want Congress to investigate what News Corp. might have done in the United States? Are you some kind of Marxist? Let's get back to what really matters. Profits are up at News Corp. And, as Rupert Murdoch assured investors yesterday, "There can be no doubt about our commitment to ethics and integrity." (Huffington Post)
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posted: 9/14/11                   0       4
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4/27/2011 Alleged Illegal Searches By NYPD Rarely Challenged in Marijuana Cases
Illegal searches are more common than people realize, but few end up getting challenged in court, law enforcement officials and defense attorneys say. Checks and balances within the criminal justice system are intended to ferret out improper arrests, but many defendants and their lawyers say they face insurmountable obstacles when fighting marijuana charges – and the alleged illegal searches that sometimes led to them. More than 50,000 people were arrested in the city for misdemeanor marijuana possession last year – the highest in a decade. And a substantial number of these arrests take place in the police precincts where the most stop-and-frisks occur, which are predominately black and Latino neighborhoods. More than a dozen men who were arrested in these precincts for misdemeanor marijuana possession told WNYC the police recovered marijuana on them through illegal searches. None of them challenged these allegedly illegal searches in court. (WNYC)
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posted: 5/27/11                   0       3
#8 
keywords: Civilian Complaint Review Board, Devry University, Drug Policy Alliance, Ed Mccarthy, Eugene O'donnell, Harold Crawford, Jeannette Rucker, John Jay College Of Criminal Justice, Marijuana, New York, New York City, New York State Division Of Criminal Justice Services, Police, Privacy, United States, War On Drugs Add New Keyword To Link



4/20/2011 New terrorism alert system will offer specific warnings
A new terrorism warning system will provide the public with information on specific threats, replacing the color-coded alerts put in place after the September 11, 2001, attacks, Homeland Security Secretary Janet Napolitano said Wednesday. In announcing the new system at New York City's Grand Central Terminal, commonly known as Grand Central Station, Napolitano said a main goal was to provide better understanding of the nature of the specific threat, what people should do in reaction to it and how they could help security officials in responding. "It will provide alerts based on specific, credible information about potential terrorist activity," Napolitano said, adding that the alerts would contain "as many details as we can provide." (CNN)
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posted: 4/25/11                   0       3
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3/2/2011 Why the Dollar's Reign Is Near an End
For decades the dollar has served as the world's main reserve currency, but, argues Barry Eichengreen, it will soon have to share that role. Here's why--and what it will mean for international markets and companies.

The single most astonishing fact about foreign exchange is not the high volume of transactions, as incredible as that growth has been. Nor is it the volatility of currency rates, as wild as the markets are these days. Instead, it's the extent to which the market remains dollar-centric. Consider this: When a South Korean wine wholesaler wants to import Chilean cabernet, the Korean importer buys U.S. dollars, not pesos, with which to pay the Chilean exporter. Indeed, the dollar is virtually the exclusive vehicle for foreign-exchange transactions between Chile and Korea, despite the fact that less than 20% of the merchandise trade of both countries is with the U.S. Chile and Korea are hardly an anomaly: Fully 85% of foreign-exchange transactions world-wide are trades of other currencies for dollars. What's more, what is true of foreign-exchange transactions is true of other international business. The Organization of Petroleum Exporting Countries sets the price of oil in dollars. The dollar is the currency of denomination of half of all international debt securities. More than 60% of the foreign reserves of central banks and governments are in dollars. (Wall Street Journal)
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posted: 3/4/11                   0       9
#10 



2/22/2011 Libya protests: Oil prices rise as unrest continues
Oil prices have risen in the UK and US after continued unrest in Libya and worries about the impact on the country's crude exports. In London Brent crude rose by more than $2 a barrel to $108.5, before falling back to $105.78 a barrel. In New York, US light sweet crude oil rose by $7.37 to $93.57 a barrel. US shares also closed heavily down. Asian stocks had closed down, and European shares also fell before recovering by mid-afternoon. (BBC)
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posted: 2/23/11                   0       9
#11 
keywords: Ali Al-naimi, Asia, Australia, Barclays, Benghazi, Big Oil, British Airways, British Petroleum, Cathay Pacific Airways, China Airlines, Cmc Markets, Dollar, Dow Jones, Eni, European Union, France, Germany, Hong Kong, Iberia, International Consolidated Airlines, Italy, Japan, Korea Airlines, Kuwait, Libya, London, Lufthansa, Michael Hewson, Middle East, Milan, Mohammad Bin Dhaen Al-hamli, Nasdaq, New York, New Zealand, Qantas, Repsol-yfp, Royal Dutch Shell, Saudi Arabia, Singapore Airlines, South Korea, Spain, Standard & Poor's, Taiwan, United Arab Emirates, United Kingdom, United States, Yinxi Yu Add New Keyword To Link



2/1/2011 Iceland Shows Ireland Did 'Wrong Things' Saving Banks
On his second day as head of Iceland’s third-largest bank, Arni Tomasson faced a crisis: The firm he had been asked by regulators to run was out of cash. It was Oct. 8, 2008, at the height of the global financial meltdown, and Iceland's bank assets in the U.K. had been frozen, Bloomberg Markets magazine reports in its March issue. Customers flocked to branches of Tomasson's Glitnir Banki hf to withdraw money, even though the government had guaranteed their deposits. By the end of the day, the vaults were empty, says Tomasson, recalling the drama two years later. The only way Glitnir and other lenders could avoid a panic the next morning was to get more cash, which they were having trouble doing. A container of crisp kronur sat on the tarmac at Reykjavik's airport awaiting payment, Tomasson says. The British company that printed the bills, De La Rue Plc, was demanding sterling, and the central bank couldn't access its U.K. account. "Everybody was panicked -- depositors, creditors, banks around the world," Tomasson says. "The effort by all of us at the time was to make sure life could go on as normal." (Bloomberg)
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posted: 2/19/11                   0       4
#12 
keywords: Abbas Qasim, Adriaan Van Der Knaap, Arni Pall Arnason, Arni Tomasson, Atlantic Ocean, Birna Einarsdottir, Burlington Loan Management, Columbia University, David Oddsson, De LA Rue Plc, Dekabank Deutsche Girozentrale, Denmark, European Union, Exista, Federal Reserve, Financial Crisis, Geir H Haarde, Germany, Glitnir Banki, Gunnar Andersen, Heidar Asberg Atlason, Hoskuldur Olafsson, Iceland, Icelandic Financial Supervisory Authority, Icelandic Parliament, Internet, Ireland, Islandsbanki, Johanna Sigurdardottir, Joseph Stiglitz, Kaupthing, Krona, Logos Legal Services, London, Magnus Arni Skulason, Moody's Investors Service, Morgunbladid, Netherlands, New York, Norway, R20 Ltd, Reykjavik, Robert Tchenguiz, Royal Bank Of Scotland, Scotland Group Plc, Social Democratic Alliance, Stefan Stefansson, Sweden, Ubs, United Kingdom, United States Add New Keyword To Link



11/4/2010 The Citizens United Effect: 40 percent of outside money made possible by Supreme Court ruling
In 2002 former Defense Secretary Donald Rumsfeld once flippantly described connections between Saddam Hussein and Al Qaeda terrorists by saying, "There are known knowns; there are things we know that we know. There are known unknowns; that is to say, there are things that we now know we don’t know. But there are also unknown unknowns; there are things we do not know we don’t know." Little did Rumsfeld know that his remark would be the most accurate description for a murky midterm election eight years down the road. The 2010 midterm election is filled with both "known unknowns," outside groups raised and spent $126 million on elections without disclosing the source, and "unknown unknowns," we don't know what those undisclosed donors want. We do know one thing: the Supreme Court's Citizens United ruling allowed this election to be the costliest and least transparent midterm in recent history. The impact of Citizens United can be judged by simply following the money. The $126 million in undisclosed money represents more than a quarter of the total $450 million spent by outside groups. Add the $60 million spent by groups that were allowed to raise unlimited money, but still had to disclose, to the undisclosed money and the total amount of outside money made possible by the Citizens United ruling reaches $186 million or 40 percent of the total spent by outside groups. (Sunlight Foundation)
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posted: 8/1/11                   0       1
#13 



9/20/2010 GMAC Halts All Foreclosures In 23 States On Heels Of Florida Judge Finding JPM Committed Court Fraud In Mortgage Misappropriation
As we pointed out last week, a certain judge in Florida set quite a precedent when he found that JPM, as servicer for a Fannie mortgage, had committed court fraud by foreclosing while not in possession of the actual mortgage. We then concluded that "The implications for the REO and foreclosures track for banks could be dire as a result of this ruling, as this could severely impact the ongoing attempt by banks to hide as much excess inventory in their books in the quietest way possible." Not a week has passed since, and we are already proven right. Today, Bloomberg discloses that GMAC Mortgage, a unit of the affectionately renamed Ally Bank, has halted all foreclosures in 23 states, including Florida, Connecticut and New York. (Zero Hedge)
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posted: 9/21/10                   0       6
#14 



9/16/2010 An alternative to the new wave of ecofascism
By liberating humanity from the compulsion to consume, climate catastrophe can be averted without recourse to authoritarianism

It is time to acknowledge that mainstream environmentalism has failed to prevent climate catastrophe. Its refusal to call for an immediate consumption reduction has backfired and its demise has opened the way for a wave of fascist environmentalists who reject democratic freedom. One well-known example of the authoritarian turn in environmentalism is James Lovelock, the first scientist to discover the presence of ozone-depleting chlorofluorocarbons in the atmosphere. Earlier this year he told the Guardian that democracies are incapable of adequately addressing climate change. "I have a feeling," Lovelock said, "that climate change may be an issue as severe as a war. It may be necessary to put democracy on hold for a while." His words may be disturbing, but other ecologists have gone much further. Take for example Pentti Linkola, a Finnish fisherman and ecological philosopher. Whereas Lovelock puts his faith in advanced technology, Linkola proposes a turn to fascistic primitivism. Their only point of agreement is on the need to suspend democracy. Linkola has built an environmentalist following by calling for an authoritarian, ecological regime that ruthlessly suppresses consumers. (London Guardian)
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posted: 9/21/10                   0       5
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8/25/2010 Saving Capitalism from Itself, Greener Pastures Edition
The peasants were restive. Medievalism was breaking up. So some academic theorists came up with a great idea for propping up the British throne — a shiny new theory known as the "divine right of kings." People had no right to question the king's decisions, they argued, because his authority came directly from God.

But there is a third option to our economic future. I'm going to let Bill Clark explain it. He's a lawyer with a big corporate firm, Drinker, Biddle and Reath, a business law expert who has written corporate laws for Pennsylvania and other states. For the last few years he's been working with a nonprofit called B Labs -- here's the background in my last posting -- to write a new law that allows companies to reorganize themselves as "benefit corporations," which means that instead of only focusing on profit, they are also legally allowed to consider the impact their decisions will have on their workers, their community, their country, and the earth. So far, the law has passed in Vermont and Maryland and one branch of New York State's legislature. It's also pending in New Jersey, Washington state, and North Carolina. Next month, it's going to be introduced in Pennsylvania. "What Maryland and Vermont are doing is changing the basic rule by saying that you have an obligation to consider the interests of other constituencies," Clark says. (Esquire)
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posted: 9/27/10                   0       0
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8/23/2010 How to Incorporate Philanthropy Into Your Business: Giving back can creates advantages in the for-profit world
Recently divorced Mike Hannigan was in a grocery store looking for spaghetti sauce when he came across Newman's Own for the first time. Discovering that all the profits of the competitively priced brand were donated to charity made something to click for the office products company manager. "As a consumer I wasn't making any sacrifice," he says. "Use business as a tool to accomplish a community goal — it made perfect sense." In 1991 Hannigan started the office products company Give Something Back and committed to earmarking the company's profits for nonprofit organizations instead of shareholders or investors. Since then, the Oakland-based company has become the largest independent office products supplier in California and its main competitor is Staples' commercial division.

"I really encourage businesses that are starting up to incorporate the triple bottom line approach," says Christopher Ellinger, co-founder of Bolder Giving Initiative, an organization based in Boston and New York that aims to inspire and support donors to give at their full potential. That approach should be written into a clear mission statement that serves as the business’s moral compass. Ellinger also suggests tapping into networks for social responsibility to get guidance and support. Prominent networks include B Corp, corporations that use business to address social and environmental problems, and the Social Venture Network. Beyond formal networks, informal ones can be valuable resources. "Reach out to people who have done it before and find out what lessons they've learned," Hannigan recommends. (Inc.)
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posted: 9/27/10                   0       2
#17 
keywords: B Corporation, Bolder Giving Initiative, Boston, California, Chevron, Christopher Ellinger, Give Something Back, Mike Hannigan, New York, Oakland, Philanthropic Initiative Inc, Social Business, Social Venture Network, United States Add New Keyword To Link



7/30/2010 NY reps. spar in House over 9/11 responder bill
The House's rejection of bill that would have provided up to $7.4 billion in aid to people sickened by World Trade Center dust has opened a sharp rift between two New York congressmen, Republican Peter King and Democrat Anthony Weiner. The verbal jousting came on the House floor Thursday night as the vote neared. The results fell largely along party lines, with 12 Republicans joining Democrats supporting the measure, but it failed to win the needed two-thirds majority. Arms flailing and his voice rising, Weiner took sharp aim at King, a Long Island Republican. (Associated Press)
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posted: 8/18/10                   0       7
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7/29/2010 Anthony Weiner MAULS Republicans on 9/11 Health Bill
"The gentleman is providing cover for his colleagues rather than doing the right thing," bellowed Weiner, who represents parts of Brooklyn and Queens. "Republicans wrapping their arms around Republicans rather than doing the right thing on behalf of heroes. It's a shame, a shame." (CSPAN)
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posted: 8/18/10      
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7/28/2010 9/11 responders aid bill nears vote in House
The House is nearing a vote on a bill that would pay billions of dollars to people exposed to toxic World Trade Center dust in the Sept. 11 attacks. The House on Wednesday is expected to take up the measure, sponsored by New York Democrat Carolyn Maloney, to provide health care for more of the 9/11 first responders and others sickened by toxins emanating from the ruins of the World Trade Center. (Associated Press)
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posted: 9/22/10                   0       4
#20 



7/21/2010 Making the economy more just
by Katrina vanden Heuvel

Congress has passed the Wall Street Reform and Consumer Protection Act, but the task of transforming our economy into one of shared and sustainable prosperity has only just begun. Structural reform will come not through the sweep of a single piece of legislation but with new, innovative economic models that better reflect the democratic values of this country. The good news is that some of these transformative ideas are already taking root. Here are five ways to build a more just economy that Americans are experimenting with across the country. The answer is 'B' Corporations are compelled to pursue a single objective: maximize profit. In fact, a company can be sued for following goals that veer from that statutory obligation. That's why Maryland State Sen. Jamie Raskin sponsored the Benefit Corporation legislation that was signed into law this spring. It gives businesses the option to register as a "B corporation," an entity legally obligated to maximize both shareholder value and advance a common public purpose such as cleaner air, open space or affordable housing. The B corporation's stated public goal is vigorously monitored by independent, third-party groups. It's a new business model with social consciousness in its DNA. B corporation legislation has also been passed in Vermont, and it is being considered in New York, Pennsylvania, New Jersey, Oregon, Washington and Colorado. (Washington Post)
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posted: 9/27/10                   0       0
#21 



7/13/2010 Hacking the Electric Grid? You and What Army?
Grid-hacking is back in the news, with the unveiling of “Perfect Citizen,” the National Security Agency’s creepily named effort to protect the networks of electrical companies and nuclear power plants. People have claimed in the past to be able to turn off the internet, there are reports of foreign penetrations into government systems, “proof” of foreign interest in attacking U.S. critical infrastructure based on studies, and concerns about adversary capabilities based on allegations of successful critical infrastructure attacks. Which begs the question: If it’s so easy to turn off the lights using your laptop, how come it doesn’t happen more often? The fact of the matter is that it isn’t easy to do any of these things. Your average power grid or drinking-water system isn’t analogous to a PC or even to a corporate network. The complexity of such systems, and the use of proprietary operating systems and applications that are not readily available for study by your average hacker, make the development of exploits for any uncovered vulnerabilities much more difficult than using Metasploit. To start, these systems are rarely connected directly to the public internet. And that makes gaining access to grid-controlling networks a challenge for all but the most dedicated, motivated and skilled — nation-states, in other words.

The fact of the matter is that it isn’t easy to do any of these things. Your average power grid or drinking-water system isn’t analogous to a PC or even to a corporate network. The complexity of such systems, and the use of proprietary operating systems and applications that are not readily available for study by your average hacker, make the development of exploits for any uncovered vulnerabilities much more difficult than using Metasploit. To start, these systems are rarely connected directly to the public internet. And that makes gaining access to grid-controlling networks a challenge for all but the most dedicated, motivated and skilled — nation-states, in other words. (Wired)
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posted: 10/5/10                   0       3
#22 



6/11/2010 Iran sanctions as good as 'used tissue'
The nuclear standoff on Iran is bound to deepen, aggravated by new United Nations sanctions on the Islamic republic and the United States digging in its heels against an alternative diplomatic plan that was designed to defuse tensions.

Brazilian President Luiz Inacio Lula de Silva accused the Security Council of acting out of "obstinacy" in accepting the US-drafted sanctions, "instead of bringing Iran to the table", the official Agencia Brasil news agency quoted Lula as saying. The Security Council had "thrown away a historic opportunity to negotiate calmly over the Iranian nuclear program". (Asia Times)
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posted: 6/17/10                   0       19
#23 
keywords: Africa, Alaedin Boroujerdi, Ali Akbar Salehi, Ali Asghar Soltanieh, Ankara, Austria, Ban Ki-moon, Barack Obama, Beijing, Bosnia, Brazil, China, France, Gabon, Herzegovina, Institute For Public Accuracy, International Atomic Energy Agency, Iran, Iranian Students News Agency, Iraq, Japan, Lebanon, Luiz Inacio Lula De Silva, Mahmoud Ahmadinejad, Manouchehr Mottaki, Mexico, Military, Moscow, New York, Nigeria, Norman Solomon, Nuclear Weapons, Persian Gulf, Qin Gang, Russia, Saudi Arabia, Shanghai, Susan Rice, Turkey, UN Security Council, US Navy, Uganda, United Arab Emirates, United Kingdom, United Nations, United States, Yukiya Amano Add New Keyword To Link



6/2/2010 Goldman Sachs sold $250 million of BP stock before spill
Firm's stock sale nearly twice as large as any other institution; Represented 44 percent of total BP investment (The Raw Story)
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posted: 6/3/10                   0       16
#24 



6/1/2010 Another 9/11 responder death spurs new aid-bill push to help Ground Zero heroes
Another 9/11 responder's death prompted her family to plead Monday for federal funding to treat rescuers sickened by their work at Ground Zero. Paula Rodriguez, 44, an FDNY emergency medical technician, died Sunday at Memorial Sloan-Kettering Cancer Center of non-Hodgkin's lymphoma. Relatives contend Rodriguez's fatal disease was linked to the many days she spent working in the toxic cloud over lower Manhattan in the aftermath of the Sept. 11 attacks. (New York Daily News)
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posted: 9/22/10                   0       2
#25 



5/9/2010 Rupert Murdoch Loves Hillary Clinton: Conservative Media Mogul To Host Fundraiser For Liberal N.Y. Senator
To call them a political odd couple would be a rash understatement. Conservative media mogul Rupert Murdoch will host a fundraiser for liberal New York Sen. Hillary Clinton, the Financial Times reports. The mating ritual of the unlikely allies has been under way for months. Clinton set political tongues to wagging last month by attending a Washington party celebrating the 10th anniversary of Fox News, the cable news channel owned by Murdoch. The Financial Times quoted one unnamed source as describing the Clinton-Murdoch connection in this way: "They have a respectful and cordial relationship. He has respect for the work she has done on behalf of New York. I wouldn't say it was illustrative of a close ongoing relationship. It is not like they are dining out together." (CBS)
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posted: 10/5/10                   0       2
#26 



5/3/2010 BP Oil Spill Worsens With No Solution in Sight, 210,000 Gallons a Day Spew into Gulf of Mexico
the Exxon Valdez case set president in the Supreme Court that these big companies don’t have to pay much on the issue of punitive damage

actually Halliburton invented fracking and Halliburton also got an exemption, got an exemption to the U.S. Safe Drinking Water Act, it’s called the Halliburton Exemption (Democracy Now)
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posted: 5/3/10                   0       19
#27 



4/26/2010 Police Let Terrorist Slip Through
But Port Authority and FBI officials with knowledge of the investigation said there were factors that made the search of Mr. Zazi's car a touchy proposition. The Port Authority stopped Mr. Zazi at the behest of the FBI, which had tracked him nearly 1,800 miles from Colorado. To avoid tipping him off, they pretended the stop was a random drug checkpoint. (Wall Street Journal)
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posted: 5/29/10                   0       16
#28 



1/22/2010 Pentagon drops charges against 9/11 plotters, clearing way for civilian trials
The Pentagon said the dismissal of the charges "without prejudice" against alleged plot leader Khalid Sheikh Mohammed and the others, Walid Bin Attash, Ramzi Bin al Shibh, Ali Abdul Aziz Ali and Mustafa Ahmed Adam al Hawsawi, was a procedural step to clear the way for their civilian trials. (McClatchy Newspapers)
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posted: 4/27/10                   0       5
#29 



1/6/2010 That naked image at airport security actually enhances your privacy
The ‘back-scatter' X-ray is indeed a better mousetrap, argues Mark Salter

As a result of the attempted Christmas Day bombing, the U.S. Transportation Security Administration, the Canadian Air Transport Security Authority and other agencies have been hurrying to implement a new technology for airport security. (The Globe And Mail)
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posted: 1/25/10                   0       15
#30 



10/24/2009 New York suspends mandatory flu shots
"The CDC acknowledged that New York would only receive approximately 23 percent of its anticipated vaccine supply," (CNN)
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posted: 10/25/09                   0       15
#31 



10/24/2009 Twitter anarchist raided under 'riot' laws
In a guns-drawn raid on October 1, FBI agents and police seized boxes of dubious "evidence" from the Queens, New York, home of Elliott Madison (CNN)
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posted: 10/25/09                   0       14
#32 



8/25/2009 Tim Geithner evades questions about bank bailouts Part 1 of 2 (Wall Street Journal)
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posted: 8/28/09      
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#33 



8/25/2009 Tim Geithner evades questions about bank bailouts Part 2 of 2 (Wall Street Journal)
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posted: 8/28/09      
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#34 



8/13/2009 State and Local Fusion Centers
Many states and larger cities have created state and local fusion centers to share information and intelligence within their jurisdictions as well as with the federal government (Department of Homeland Security)
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posted: 8/28/09                   0       15
#35 



8/10/2009 Volunteers Line Up For Swine Flu Vaccine Test
At the University of Maryland in Baltimore and seven other sites around the country, volunteers began receiving a new vaccine against H1N1 swine flu on Monday (KPBS San Diego)
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posted: 8/27/09                   0       11
#36 



8/7/2009 New York State makes flu shots compulsory despite nurses opposition
The New York State Nurses Association has strongly opposed a regulation that would require every healthcare worker in the state to be immunized for influenza (EndoNurse)
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posted: 8/7/09                   0       10
#37 
keywords: AIDS, New York, New York State Nurses Association, Pandemic, Swine Flu, United States, Vaccines Add New Keyword To Link



8/5/2009 9/11 dust 'gave thousands asthma'
Thousands of people exposed to choking dust after the destruction of the World Trade Centre twin towers in New York have developed asthma, a study has shown (London Telegraph)
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posted: 8/27/09                   0       12
#38 



7/27/2009 Consolidated Edison Company of New York, Inc VS The Port Authority of New York and New Jersey
Opinion And Order Granting Partial Judgment For Plaintiffs And Dismissing Remainder Of Complaint (US District Court Southern District of New York)
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posted: 8/5/09                   0       9
#39 



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
#40 
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



7/8/2009 Greenpeace members charged in Mount Rushmore G-8 protest
"America honors leaders not politicians: stop global warming," reads the 2,275-square-foot sign (CNN)
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posted: 7/8/09                   0       11
#41 



7/1/2009 Bioterrorism Evidence
Evidence that an international corporate criminal syndicate, which has annexed high government office inside the United States, is intent on carrying out a mass genocide against the people of the United States by using an artificial (genetic) flu pandemic virus and a forced vaccination program to cause mass death and injury and depopulate America in order to transfer control of the United States to WHO, the UN and affiliated security forces (UN troops from countries such as China, Canada, the UK and Mexico etc) (Jane Bürgermeister)
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posted: 7/8/09                   0       17
#42 



6/29/2009 Top court lets stand Saudi immunity in 9/11 case
But the Obama administration late last month urged the high court to reject the appeal. It said New York courts correctly concluded that Saudi Arabia and its officials are immune from lawsuit for governmental acts outside the United States. The Supreme Court turned down the appeal without comment. (Reuters)
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posted: 5/24/10                   0       4
#43 



6/27/2009 White House Weighs Order on Detention
Officials: Move Would Reassert Power To Hold Terror Suspects Indefinitely (Washington Post)
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posted: 6/29/09                   2       14
#44 



6/10/2009 A Drug War Truce? Obama's new drug czar says the administration won't legalize pot
but pressure for real reform is growing (Rolling Stone)
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posted: 6/18/09                   4       19
#45 



5/31/2009 WeAreChange: New York Senator Gillibrand Supports New 9/11 Investigation (We Are Change)
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posted: 6/1/09      
            		 4       21
#46 



5/21/2009 NYC terror case latest of many homegrown plots
Some have criticized informants' roles in such cases, saying they egged on and ensnared suspects who weren't dangerous (Associated Press)
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posted: 5/22/09                   6       31
#47 



5/15/2009 After jet scare, New York warns of emergency drill
The drill is set to run from 6 a.m. to 11:30 a.m. (1000 to 1530 GMT) at the transit hub, which is surrounded by construction sites for skyscrapers and a memorial for victims of the September 11, 2001 attacks (Reuters)
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posted: 5/15/09                   6       31
#48 



5/8/2009 360 post-9/11 workers have died, including 80 of cancer, says state (New York Daily News)
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posted: 8/27/09                   0       10
#49 



5/6/2009 Cashing in on 'Government Sachs'
The fact that the chairman of the New York Federal Reserve Bank made millions off his secret purchase of Goldman Sachs stock, "in violation of Federal Reserve policy," as the WSJ put it, at a time when the N.Y. Fed was ostensibly overseeing the antics of the Wall Street firm, has barely registered a blip of outrage (Huffington Post)
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posted: 7/7/09                   0       11
#50 




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