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10/2/2013  The Real Crisis Is Not The Government Shutdown
The inability of the media and politicians to focus on the real issues never ceases to amaze. The real crisis is not the “debt ceiling crisis.” The government shutdown is merely a result of the Republicans using the debt limit ceiling to attempt to block the implementation of Obamacare. If the shutdown persists and becomes a problem, Obama has enough power under the various “war on terror” rulings to declare a national emergency and raise the debt ceiling by executive order. An executive branch that has the power to inter citizens indefinitely and to murder them without due process of law, can certainly set aside a ceiling on debt that jeopardizes the government. The real crisis is that jobs offshoring by US corporations has permanently lowered US tax revenues by shifting what would have been consumer income, US GDP, and tax base to China, India, and other countries where wages and the cost of living are relatively low. On the spending side, twelve years of wars have inflated annual expenditures. The consequence is a wide deficit gap between revenues and expenditures. Under the present circumstances, the deficit is too large to be closed. The Federal Reserve covers the deficit by printing $1,000 billion annually with which to purchase Treasury debt and mortgage-backed financial instruments. The use of the printing press on such a large scale undermines the US dollar’s role as reserve currency, the basis for US power. Raising the debt limit simply allows the real crisis to continue. More money will be printed with which to purchase more new debt issues needed to close the gap between revenues and expenditures.
(Paul Craig Roberts)
posted: 10/7/13                   0       8
#1 



9/26/2013  Bank of America Will Accept Washington State Marijuana Revenue
One of the biggest hurdles that companies generating revenue in the marijuana industry have to face is finding a financial institution willing to accept them as customers. The Liquor Control Board in the state of Washington was in the same situation until the Bank of America agreed to permit them to deposit anticipated marijuana related profits in their vaults. Most banks are leery of dealing with marijuana businesses simply for the fact that under federal policy, the government views money from marijuana transactions as money laundering.
(The 420 Times)
posted: 9/27/13                   0       15
#2 



9/17/2013  THE FUTURE OF EMPLOYMENT: HOW SUSCEPTIBLE ARE JOBS TO COMPUTERISATION?
Abstract: We examine how susceptible jobs are to computerisation. To as-sess this, we begin by implementing a novel methodology to estimate the probability of computerisation for 702 detailed occupations, using a Gaussian process classifier. Based on these estimates, we examine expected impacts of future computerisation on US labour market outcomes, with the primary objective of analysing the number of jobs at risk and the relationship between an occupation’s probability of computerisation, wages and educational attainment. According to our estimates, about 47 percent of total US employment is at risk. We further provide evidence that wages and educational attainment exhibit a strong negative relation- ship with an occupation’s probability of computerisation. Keywords:Occupational Choice, Technological Change, Wage Inequality, Employment, Skill Demand
(Oxford University)
posted: 10/7/13                   0       7
#3 
keywords: Airports, Alternative Energy, Amazon.com, Apple, Art, Artificial Intelligence, Australia, Beijing, Big Oil, California, Cancer, China, DNA, David Cope, Doha, Education, El Dulze, Eli Whitney, Financial Crisis, Ford Motor, Foxconn, Future Advisor, GPS, General Electric, General Motors, Glorious Revolution, Google, Health Care, IBM, Industrial Revolution, Intelligence, International Federation Of Robotics, Internet, Israel, Japan, John Maynard Keynes, Kiva Systems, Lidar, Loebner Prize, Massive Open Online courses, Mcafee, Memorial Sloan-kettering Cancer Center, Nevada, Nissan, O*net, Oxford University, Police, Privacy, Queen Elizabeth I, Rio Tinto, Riots, Robotics, Smartaction, Spain, Symantec, Săo Paulo, Toyota, Turing Test, UK Parliament, US Bureau Of Labor Statistics, US Department Of Labor, United Kingdom, United Nations, United States, Wall Street, Water, William Lee Add New Keyword To Link



8/12/2013  Taken -- Under civil forfeiture, Americans who haven’t been charged with wrongdoing can be stripped of their cash, cars, and even homes. Is that all we’re losing?
On a bright Thursday afternoon in 2007, Jennifer Boatright, a waitress at a Houston bar-and-grill, drove with her two young sons and her boyfriend, Ron Henderson, on U.S. 59 toward Linden, Henderson’s home town, near the Texas-Louisiana border. They made the trip every April, at the first signs of spring, to walk the local wildflower trails and spend time with Henderson’s father. This year, they’d decided to buy a used car in Linden, which had plenty for sale, and so they bundled their cash savings in their car’s center console. Just after dusk, they passed a sign that read “Welcome to Tenaha: A little town with BIG Potential!” They pulled into a mini-mart for snacks. When they returned to the highway ten minutes later, Boatright, a honey-blond “Texas redneck from Lubbock,” by her own reckoning, and Henderson, who is Latino, noticed something strange. The same police car that their eleven-year-old had admired in the mini-mart parking lot was trailing them. Near the city limits, a tall, bull-shouldered officer named Barry Washington pulled them over. He asked if Henderson knew that he’d been driving in the left lane for more than half a mile without passing. No, Henderson replied. He said he’d moved into the left lane so that the police car could make its way onto the highway. Were there any drugs in the car? When Henderson and Boatright said no, the officer asked if he and his partner could search the car. The officers found the couple’s cash and a marbled-glass pipe that Boatright said was a gift for her sister-in-law, and escorted them across town to the police station. In a corner there, two tables were heaped with jewelry, DVD players, cell phones, and the like. According to the police report, Boatright and Henderson fit the profile of drug couriers: they were driving from Houston, “a known point for distribution of illegal narcotics,” to Linden, “a known place to receive illegal narcotics.” The report describes their children as possible decoys, meant to distract police as the couple breezed down the road, smoking marijuana. (None was found in the car, although Washington claimed to have smelled it.) The county’s district attorney, a fifty-seven-year-old woman with feathered Charlie’s Angels hair named Lynda K. Russell, arrived an hour later. Russell, who moonlighted locally as a country singer, told Henderson and Boatright that they had two options. They could face felony charges for “money laundering” and “child endangerment,” in which case they would go to jail and their children would be handed over to foster care. Or they could sign over their cash to the city of Tenaha, and get back on the road. “No criminal charges shall be filed,” a waiver she drafted read, “and our children shall not be turned over to CPS,” or Child Protective Services.
(The New Yorker)
posted: 9/5/13                   0       14
#4 



7/20/2013  A Shuffle of Aluminum, but to Banks, Pure Gold
Hundreds of millions of times a day, thirsty Americans open a can of soda, beer or juice. And every time they do it, they pay a fraction of a penny more because of a shrewd maneuver by Goldman Sachs and other financial players that ultimately costs consumers billions of dollars. The story of how this works begins in 27 industrial warehouses in the Detroit area where a Goldman subsidiary stores customers’ aluminum. Each day, a fleet of trucks shuffles 1,500-pound bars of the metal among the warehouses. Two or three times a day, sometimes more, the drivers make the same circuits. They load in one warehouse. They unload in another. And then they do it again. This industrial dance has been choreographed by Goldman to exploit pricing regulations set up by an overseas commodities exchange, an investigation by The New York Times has found. The back-and-forth lengthens the storage time. And that adds many millions a year to the coffers of Goldman, which owns the warehouses and charges rent to store the metal. It also increases prices paid by manufacturers and consumers across the country. Tyler Clay, a forklift driver who worked at the Goldman warehouses until early this year, called the process “a merry-go-round of metal.” Only a tenth of a cent or so of an aluminum can’s purchase price can be traced back to the strategy. But multiply that amount by the 90 billion aluminum cans consumed in the United States each year — and add the tons of aluminum used in things like cars, electronics and house siding — and the efforts by Goldman and other financial players has cost American consumers more than $5 billion over the last three years, say former industry executives, analysts and consultants. The inflated aluminum pricing is just one way that Wall Street is flexing its financial muscle and capitalizing on loosened federal regulations to sway a variety of commodities markets, according to financial records, regulatory documents and interviews with people involved in the activities.
(New York Times)
posted: 7/22/13                   0       9
#5 
keywords: Aluminum, Barbara Hagenbaugh, Barclays, Big Oil, Blackrock, California, Cell Phones, Citigroup, Coca Cola, Coffee, Commodity Futures Trading Commission, Copper, Cotton, Detroit, Eaton & Van Winkle, European Union, Federal Reserve, Gold, Goldman Sachs, Harbor Aluminum Intelligence, Hedge Funds, Hong Kong, Jason Schenker, Jorge Vazquez, Jpmorgan Chase, London Metal Exchange, Louisiana, Martin Abbott, Mary Schapiro, Metro International Trade Services, Michael Duvally, Morgan Stanley, Nick Madden, Novelis, Oakland, Ohio, Oklahoma, Prestige Economics, Recycling, Robert Bernstein, Saule Omarova, Seattle, Securities And Exchange Commission, Sherrod Brown, Texas, The New York Times, Tyler Clay, US Congress, United States, University Of North Carolina, Wall Street, Wheat Add New Keyword To Link



5/21/2013  Peaceful Protester Tasered Outside DOJ While Demanding Wall Street Prosecutions (VIDEO)
Carmen Pittman had no intention of becoming an activist, but her bank, the Department of Justice and Occupy Atlanta turned her into one. Shortly before her grandmother died in 2011, the family realized that JPMorgan Chase was preparing to foreclose. HuffPost interviewed her late that year for a story on Occupy Atlanta and found a bewildered and desperate 21-year-old, talking about her childhood home in the past tense. "My every Christmas, my every Thanksgiving, my every birthday, my every dinner was in this house," Pittman said then of a home that had been in her family since 1953. "This was the base home. We could not stay away from this home. This home is my every memory." A year later, she won the house back from Chase. During the course of her fight, she was arrested for sitting on the floor of a local Chase branch and refusing to leave until the bank turned over the deed. On Tuesday, she was camped out in front of the Department of Justice in Washington, having been fully transformed into an activist by her experience, asking why more Pittmans have been arrested related to the foreclosure fraud crisis than top Wall Street executives. She was answered with a stun gun. The video above shows three large men surrounding Pittman as she tries to cover her face. Abruptly, an officer tasers her, and she crumples to the ground before being hauled off and arrested.
(Huffington Post)
posted: 5/23/13                   0       15
#6 
keywords: Alliance Of Californians For Community Empowerment, Ann Wilcox, California, Carmen Pittman, David Vitter, Eric Holder, Eric Krasner, Financial Crisis, Florida, Frederick MD, Free Speech, JP Morgan Chase, Non-lethal Weapons, Occupy Atlanta, Occupy Our Homes, Occupy Wall Street, Paul Ryan, Police, San Francisco, Shab Bashiri, Sherrod Brown, Tim Franzen, US Congress, US Department Of Homeland Security, US Department Of Justice, United States, Vivian Richardson, Wall Street, Washington, Washington DC Add New Keyword To Link



5/13/2013  Manufacturing the Deadhead: A product of social engineering…
In 2012 Jan Irvin made an important discovery. In the course of re-publishing The Sacred Mushroom and the Cross by the Dead Sea Scrolls scholar John Allegro,[1] Irvin had been researching the letters of one of Allegro’s most prominent critics, Gordon Wasson, at various university archives (including Princeton, Yale, Columbia, Dartmouth, and the Hoover Institute at Stanford) when he came across primary documents–letters actually written by Wasson–showing that he had worked with the CIA.[2] Though Gordon Wasson was both chairman for the Council on Foreign Relations and the Vice President of Public Relations for J.P. Morgan Bank, he is most famous as the individual who “discovered”, or more accurately popularized, magic mushrooms. An article in Life magazine described fantastic visions and experiences Wasson claimed to have had while under their influence (see Life, May 13, 1957 – Seeking the Magic Mushroom). Wasson’s claims were the first description of the effects of psilocybin (“magic”) mushrooms presented to the general public. Irvin saw troubling implications in his discovery. He was aware, of course, of the CIA’s infamous Project MK-ULTRA, in which the organization had given LSD to unsuspecting U.S. citizens. He also knew of the many conspiracy theories claiming that the government has been somehow involved with the creation of the “drug culture.” He was also aware of Dave McGowan’s research on the drug and music movement that had come out of Laurel Canyon in the 1960‘s, which showed that many of the “rock idols” who created it were the children of members of military intelligence.[3] So the fact that a member of the CIA had also been involved with the discovery of Psilocybe mushrooms fit into a large collection of troubling linkages between the American government and the drug culture that emerged during the 1960’s. Irvin decided to do further research into the government’s involvement with the “psychedelic movement”. An obvious question he hoped to answer was: Had Wasson been somehow involved with MK-ULTRA? During this research, Irvin came in contact with another scholar, Joe Atwill, author of Caesar’s Messiah: The Roman Conspiracy to Invent Jesus. Atwill’s research into the origins of Christianity had led him to conclude that Rome had invented the religion. Further, he believed that the Caesars had deliberately brought about the Dark Ages. They had used Christianity as a mind control device to give slavery a religious context intended to make it difficult for serfs to rebel. Like Irvin, Atwill had become suspicious of the U.S. government’s many connections to the psychedelic movement, which reminded him of the Caesars’ intellectual debasing of their population to help bring on the Dark Ages.
(Gnostic Media)
posted: 6/6/13                   0       11
#7 
keywords: 2012, Abbie Hoffman, Alan Ginsberg, Alan Piper, Alan Watts, Albert Hofmann, Aldous Huxley, Alexander Shulgin, Allan Richardson, Allen Cohen, Allen Dulles, Alsace, Alternative Media, Aluminum Company Of America, American Philosophical Society, American Tobacco Company, Anna Freud, Assassination, Athens, Atlanta, Averell Harriman, B-52s, Bart Dean, Bertram Wolfe, Big Pharma, Black Panthers, Bob Weir, Bohemian Club, Briton Hadden, Buffalo Springfield, Burning Man, Byrds, C D Jackson, CBS, Canada, Central Intelligence Agency, Century Association, Century Club, Charles Geschickter, China, Church Commission, Clare Booth Luce, Cohen And Corcoran, Colin Ross, Columbia University, Committee On Public Education, Council On Foreign Relations, Dark Ages, Dartmouth University, David Mcgowan, Dead Sea Scrolls, Dionysus, Dwight Morrow, Ed Thompson, Education, Edward Bernays, Eleusinian Mysteries, Ellsworth Bunker, Ely Bernays, Enrico Caruso, Ernest Jones, Esalen Institute, European Union, False Flag, Federal Bureau Of Investigation, Federal Security Agency, Feminism, Festivals, Fluoride, Forbes, France, Frank Altschul, Frank Olson, Frank Zappa, Freedom, Freedom Of Information Act, Freemasonry, Gary Snyder, George Creel, George Kennan, George Orwell, George Stephen Morrison, Georgia, Gordon Wasson, Graham Harvey, Grateful Dead, Greece, Guaranty Company, Gulf Of Tonkin, Gustave Le Bon, Hank Albarelli, Harvard University, Health Care, Helen Schucman, Henry Luce, Henry P Davison, Henry P Davison Jr, Heroin, Huautla De Jimenez, Ian Copeland, India, Intelligence, Internal Revenue Service, Italy, JP Morgan Chase, James F Tracy, James Moore, Jan Irvin, Jay Stevens, Jim Dickson, Jim Morrison, Jimmy Carter, Jimmy Hendrix, Joe Atwill, John Allegro, John Lennon, John Perry Barlow, John Uri Lloyd, Joseph P Knapp, Julian Huxley, Julius Caesar, Ken Kesey, Kim Fowley, Landis, Langley, Laurel Canyon, Leo Perutz, Life (magazine), Los Angeles, Louis Jolyon West, Lsd, Lucky Strike, Marshal Mcluhan, Martha Bernays, Martin Eagen, Maya, Merry Pranksters, Mexico, Miami, Michael Coe, Mickey Hart, Miles Copeland Jr, Military, Mk-ultra, Molech, Morphine, Mushrooms, Music, NBC, National Association For The Advancement Of Colored People, National Philosophical Society, Neil Strauss, New Age, New Jersey, New York City, New York Tribune, Oaxaca, Office Of Strategic Service, Opium, Oscar Ewing, Pepsico, Peyote, Piero Camporesi, Plato, Playboy, Police, Pont Saint Esprit, Princeton University, Psilocybin, Psyops, Ralph Metzner, Religion, Richard Helms, Robert Hunter, Rome, San Francisco, Sandoz Labs, Secret Societies, Shamanism, Sidney Gottlieb, Sigmund Freud, Silver, Simple Minds, Skull And Bones, Sodium Fluoride, Soma, Spain, Squeeze, Stanford University, Stewart Copeland, Stock Exchange Commission, Switzerland, Tavistock Institute, Terence Mckenna, The Alps, The Beatles, The Cure, The Doors, The English Beat, The Go-go's, The Mamas And The Papas, The New York Times, The Police, This Week, Time Warner, Timothy Leary, Torches Of Freedom, Trivium, US Army, US Department Of The Treasury, United Kingdom, Valentina Pavlovna, Vaslav Nijinsky, Vietnam War, Vito Paulekas, Wall Street, Walter Lippmann, War On Drugs, Water, Wheat, Whistleblowers, White House, Wilfred Trotter, William Thetford, Women's Rights, Woodrow Wilson, Woodstock, World War I, Yale University Add New Keyword To Link



5/12/2013  Mini Bilderberg? Bill Gates, Bloomberg, and World's Richest Meeting on Gated SC Island
Has the Bilderberg meeting become too mainstream for some of the world’s richest elite? From Warren Buffet and Monsanto-linked Bill Gates to Oprah and Jeb Bush, the local media has begun reporting on a closed doors meeting between billionaires and politicians at the gated beach island of Kiawah, South Carolina. The Bilderberg group, which consists of a larger group of the world’s top leaders and billionaires, is reportedly set to take place near Watford this year in the United Kingdom. Called ‘The Masters of the Univserse’ by an Asia Times article, and deemed to be a meeting of 130 top military, business, and political figures by WikiLeaks, the Bilderberg group and its attendees have been getting much more press than usual these past years thanks to activists who have been protesting the meetings. Even Russia Today went and covered the Bilderberg group protests and the meeting itself, reporting that the group could be deciding major events to come in their yearly meetings. From which candidates to run for the next political election, to military action — any number of major decisions are likely being made during the Bilderberg group meetings that are conducted entirely in secret. In fact, heavily armed security ensures that no one even gets close enough to take a peek. But what’s going on with the latest confab between power and money over on Kiawah Island?
(Story Leak)
posted: 5/20/13                   0       16
#8 



5/7/2013  World Unites Against the Illuminati: Professor Griff on Fire!
Infowars.com presents our groundbreaking interview with rap artist Professor Griff of Public Enemy. Professor Griff lists Obama's lies, describes why hip hop stars are in the White House and breaks down some of the world's deadliest corporations. Griff has always been an outspoken voice in the hip hop community and by combining forces with Alex Jones and Infowars, he attempts to break the public's mass-media induced coma.
(Prison Planet)
posted: 5/24/13      
            
0       18
#9 



4/23/2013  Goldman Closes Gold Short
It appears Goldman (together with virtually everyone else focused on physical not paper gold) has bought enough gold from its clients. Now, there is only upside. Goldie on gold: We closed our short trading recommendation on gold We have closed our recommendation to short COMEX Gold, as prices moved above the stop at $1,400/toz. We have exited the trade significantly below our original target of $1,450/toz, for a potential gain of 10.4%. The move since initiation was surprisingly rapid, likely exacerbated by the break of well-flagged technical support levels.
(Zero Hedge)
posted: 4/24/13                   0       15
#10 



4/17/2013  Boston Marathon bombings fuel conspiracy theories, speculation of false flag operations
Within minutes of the fatal bomb blasts at the Boston Marathon, self-described "truthers" erupted worldwide across the Internet with conspiracy theories about the crime. Their efforts to find sinister machinations in the tragedy seem, well, conspiratorial. Maybe it was that guy supposedly spotted on the roof overlooking the marathoners' route, or disgruntled taxpayers, or the writers of the animated TV series "The Family Guy," or, of course, the federal government running another "false flag" operation to seize people's civil rights. PHOTOS: 15 Boston Marathon bombing conspiracy theories (http://bit.ly/12nn6C8) Front and center is conspiracy entrepreneur Alex Jones. An Austin, Texas-based writer, radio talk-show host and owner of the conspiracy site Infowars.com, he says the Newtown, Conn., elementary school massacre was a government plot. Within hours of the Boston explosions, Jones used a "falseflag" hashtag on Twitter to say: "Our hearts go out to those that are hurt or killed at the Boston marathon -- but this thing stinks to high heaven." Another conspiracy writer attended Massachusetts Gov. Deval Patrick's Tuesday morning press briefing in Boston to ask: "Is this another false-flag attack staged to take our civil liberties?" He was dismissed with a perfunctory "no." A false flag, which was first a trick by 18th-century naval captains who'd hoist flags of other nations when approaching an enemy vessel, now is used to describe an attempt to hide the identity of the person or group responsible for an operation.
(NBC)
posted: 4/22/13                   0       16
#11 



4/15/2013  What Happened The Last Time We Saw Gold Drop Like This?
The rapidity of gold's drop is impressive, concerning, and disorderly. We have seen two other such instances of disorderly 'hurried' selling in the last five years. In July 2008, gold quickly dropped 21% - seemingly pre-empting the Lehman debacle and the collapse of the western banking system. In September 2011, gold fell 20% in a short period - as Europe's risks exploded and stocks slumped prompting a globally co-ordinated central bank intervention the likes of which we have not seen before. Given the almost-record-breaking drop in gold in the last few days, we wonder what is coming?
(Zero Hedge)
posted: 4/24/13                   0       8
#12 



4/8/2013  As marijuana goes legit, investors rush in
Pot entrepreneurs have high expectations for a future market in legalized marijuana. - Medicinal marijuana markets: For the first time, a majority of Americans now support legalizing marijuana. Commercial marijuana sales are estimated at $1.5 billion today which could quadruple by 2018. Eighteen states and the District of Columbia currently allow its medical use. - Brendan Kennedy and Michael Blue are nice boys. Really. They're bankers. Yale MBA classmates. Wearers of ties. And, if luck and changing laws cooperate, they'll be drug barons of a certain kind. Kennedy, 40, and Blue, 34, are in the vanguard springing up to seize the market for legal marijuana, which is accelerating with last fall's legalization of most personal pot consumption in Colorado and Washington state. They're running a Seattle private-equity fund, Privateer Holdings, designed to buy up the smaller marijuana-related businesses to create one bigfat one. After Washington and Colorado, the pot business is, if not mainstream, at least ready to push toward it. Advocates hope to legalize personal use in another 14 states by 2017, mostly among the 16 states besides Washington and Colorado where medical pot is legal (it's also legal in Washington, D.C.). Industry estimates say today's $1.5 billion legal market could quadruple by 2018. The public is trending toward legalization. In a Pew Research Center poll released Thursday, a majority of Americans (52%) favored legalization, the first time that threshold has been reached since polling on the issue began in 1969.
(USA Today)
posted: 4/9/13                   0       10
#13 
keywords: 4front Advisors, Adam Wiggins, Alan Valdes, Alternative Energy, Amy Poinsett, Arcview Group, Barack Obama, Bob Marley, Brendan Kennedy, Business Daily, California, Cannassure, Chris Walsh, Christian Groh, Cnbc, Colorado, Credit Suisse, Denver, Diego Pellicer, Dme Securities, Elections, Eric Holder, Georgia, Grateful Dead, Harvard University, Jeffrey Miron, Jessica Billingsley, Josh Rosen, Kris Krane, Los Angeles, Marijuana, Marijuana Policy Project, Mark A R Kleiman, Matthew Huron, Mc Advisors, Michael Blue, Mj Freeway Software Solutions, Old Navy, Patrick Mcmanamon, Pew Research Center, Privateer Holdings, San Diego, San Francisco, Seattle, Silicon Valley, Silicon Valley Bank, Troy Dayton, US Congress, US Department Of Justice, United States, University Of California, Wall Street, War On Drugs, Washington, Washington DC, Yale University Add New Keyword To Link



1/20/2013  End The Fed, Or Celebrate Its Existence? Reflections On Our Central Bank's 100th Anniversary (Op/Ed)
This year marks the 100th anniversary of the Federal Reserve System. There will be many events commemorating the signing of the Federal Reserve Act in December 1913. Many of those events will be occasions for celebrations by Fed officials and staff, but should the public celebrate a century of central banking? At the annual meeting of the American Economic Association in San Diego earlier this month, Harvard economist Kenneth Rogoff told a large audience that the Fed has been a "remarkably successful institution." During Q & A, Mark Skousen, author of The Making of Modern Economics, asked why the Fed failed to predict the financial crisis and the Great Recession—but Rogoff failed to answer. Later in that session, Donald Kohn, former vice chairman of the Fed, acknowledged that the Fed had made mistakes and should exercise humility. Yet, he is a firm believer in discretion rather than rules. In another session, Allan H. Meltzer, the world's leading authority on the Federal Reserve, and a long-time proponent of a rules-based approach to monetary policy, was highly critical of the Fed's expansion of its power since 2007 under Ben Bernanke. "No group," said Meltzer, "should have unrestrained power that the Fed has taken for itself."
(Forbes)
posted: 1/20/13                   0       17
#14 
keywords: Allan Meltzer, American Economic Association, Anna J Schwartz, Ben Bernanke, Cambridge University, Cato Institute, Council Of Economic Advisers, Dollar, Donald Kohn, F A Hayek, Federal Reserve, Financial Crisis, George Selgin, Gold, Great Depression, Harvard University, James Buchanan, James Dorn, Kenneth Rogoff, Lawrence H White, Mark Skousen, Martin Feldstein, Milton Friedman, Nobel Prize, Richard Nixon, Richard Timberlake, Ron Paul, Ronald Reagan, San Diego, Thomas Sargent, US Congress, US Constitution, US Supreme Court, United States, Wall Street, Wall Street Journal, William Lastrapes, World War I Add New Keyword To Link



1/9/2013  Alex Jones may be the king of conspiracy
Conspiracies abound, Alex Jones will tell you. Bankers pull the strings on world governments to solidify their power. Companies are harming you and ducking responsibility. Antidepressants are "suicide mass murder pills." President Barack Obama is using drones against Americans. And the collapse of the World Trade Center towers on September 11, 2001, was engineered by the government. Now, he's attacking CNN host Piers Morgan, depicting the British native of being a "red coat" out to step on Americans' rights and calling for his deportation. In recent segments on Morgan's show, Jones accused him of wanting to take Americans' guns, hurling insults at Morgan in between shouted arguments. "You're a hatchet man of the new world order. You're a hatchet man," Jones told Morgan on Monday. "And I want to say this right here, you think you're a tough guy? Have me back with a boxing ring in here, and I'll wear red, white, and blue, and you can wear your Jolly Roger."
(CNN)
posted: 1/15/13                   0       18
#15 



12/22/2012  FBI Documents Reveal Secret Nationwide Occupy Monitoring (See the released documents here)
FBI documents just obtained by the Partnership for Civil Justice Fund (PCJF) pursuant to the PCJF’s Freedom of Information Act demands reveal that from its inception, the FBI treated the Occupy movement as a potential criminal and terrorist threat even though the agency acknowledges in documents that organizers explicitly called for peaceful protest and did “not condone the use of violence” at occupy protests. The PCJF has obtained heavily redacted documents showing that FBI offices and agents around the country were in high gear conducting surveillance against the movement even as early as August 2011, a month prior to the establishment of the OWS encampment in Zuccotti Park and other Occupy actions around the country. “This production, which we believe is just the tip of the iceberg, is a window into the nationwide scope of the FBI’s surveillance, monitoring, and reporting on peaceful protestors organizing with the Occupy movement,” stated Mara Verheyden-Hilliard, Executive Director of the Partnership for Civil Justice Fund (PCJF). “These documents show that the FBI and the Department of Homeland Security are treating protests against the corporate and banking structure of America as potential criminal and terrorist activity. These documents also show these federal agencies functioning as a de facto intelligence arm of Wall Street and Corporate America.”
(Partnership for Civil Justice Fund)
posted: 12/25/12                   0       23
#16 
keywords: Alabama, Albany, American Civil Liberties Union, Anchorage, Birmingham, California, Domestic Security Alliance Council, Education, Federal Bureau Of Investigation, Federal Reserve, Florida, Free Speech, Freedom Of Information Act, Fusion Centers, Gainesville, Green Bay, Guantanamo Bay, Heather Benno, Indiana, Indiana State University, Indianapolis, Intelligence, Jackson, Joint Terrorism Task Force, Macdill Air Force Base, Mara Verheyden-hilliard, Memphis, Milwaukee, Mississippi, Naval Criminal Investigative Services, New York City, New York Stock Exchange, Non-lethal Weapons, Occupy Lakeland, Occupy Polk County, Occupy St Petersburg, Occupy Wall Street, Partnership For Civil Justice Fund, Police, Privacy, Richmond, State University Of New York, Syracuse, Tampa, Terrorists, US Department Of Homeland Security, US Marine Corps, US Navy, United States, Veterans For Peace, Virginia, Wall Street, Wisconsin, Zuccotti Park Add New Keyword To Link



12/13/2012  Outrageous HSBC Settlement Proves the Drug War is a Joke
If you've ever been arrested on a drug charge, if you've ever spent even a day in jail for having a stem of marijuana in your pocket or "drug paraphernalia" in your gym bag, Assistant Attorney General and longtime Bill Clinton pal Lanny Breuer has a message for you: Bite me. Breuer this week signed off on a settlement deal with the British banking giant HSBC that is the ultimate insult to every ordinary person who's ever had his life altered by a narcotics charge. Despite the fact that HSBC admitted to laundering billions of dollars for Colombian and Mexican drug cartels (among others) and violating a host of important banking laws (from the Bank Secrecy Act to the Trading With the Enemy Act), Breuer and his Justice Department elected not to pursue criminal prosecutions of the bank, opting instead for a "record" financial settlement of $1.9 billion, which as one analyst noted is about five weeks of income for the bank. The banks' laundering transactions were so brazen that the NSA probably could have spotted them from space. Breuer admitted that drug dealers would sometimes come to HSBC's Mexican branches and "deposit hundreds of thousands of dollars in cash, in a single day, into a single account, using boxes designed to fit the precise dimensions of the teller windows." This bears repeating: in order to more efficiently move as much illegal money as possible into the "legitimate" banking institution HSBC, drug dealers specifically designed boxes to fit through the bank's teller windows. Tony Montana's henchmen marching dufflebags of cash into the fictional "American City Bank" in Miami was actually more subtle than what the cartels were doing when they washed their cash through one of Britain's most storied financial institutions.
(Rolling Stone)
posted: 12/21/12                   0       25
#17 



12/7/2012  How Corruption Is Strangling U.S. Innovation
If there's been one topic that has entirely dominated the post-election landscape, it's the fiscal cliff. Will taxes be raised? Which programs will be cut? Who will blink first in negotiations? For all the talk of the fiscal cliff, however, I believe the US is facing a much more serious problem, one that has simply not been talked about at all: corruption. But this isn't the overt, "bartering of government favors in return for private kickbacks" corruption. Instead, this type of corruption has actually been legalized. And it is strangling both US competitiveness, and the ability for US firms to innovate. The corruption to which I am referring is the phenomenon of money in politics. Lawrence Lessig's Republic, Lost, details many of the distortions that occur as a result of all the money sloshing around in the political system: how elected representatives are being forced to spend an ever-increasing amount of their time chasing donors for funds, for example, as opposed to chasing citizens for votes. Former congressman and CIA director Leon Panetta described it as "legalized bribery"; something which has just "become part of the culture of how this place operates."
(Harvard Business Review)
posted: 12/20/12                   0       22
#18 
keywords: Airbnb, Apple, Best Buy, Cell Phones, Central Intelligence Agency, Comcast, Daniel Sperling, Derek Khanna, Elections, Financial Crisis, Fisker Automotive, Ford Motor, GPS, General Motors, Hurricane Sandy, Indiana, Intellectual Property, International Association Of Transportation Regulators, Internet, Lawrence Lessig, Leon Panetta, Marsha Blackburn, Massachusetts, Matthew Daus, Nashville, National Automobile Dealers Association, Netflix, New York, Protect Ip Act, Stop Online Piracy Act, Tesla Motors, Time Magazine, US Congress, Uber, United States, University Of California, Wall Street, Walt Disney Add New Keyword To Link



12/1/2012  How A Former Big Bank Lawyer Taught His Old Bosses A $25 Billion Lesson
Tom Cox is a lawyer who used to represent major banks. Now he's working to help Maine residents facing foreclosure keep their homes, and recently uncovered a massive fraud by five major mortgage lenders that led to a $25 billion dollar settlement to assist people driven into debt by shady business practices. Guess which job he found more satisfying?
posted: 12/20/12                   0       22
#19 



11/25/2012  CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Contracts, Tax Breaks
The corporate CEOs who have made a high-profile foray into deficit negotiations have themselves been substantially responsible for the size of the deficit they now want closed. The companies represented by executives working with the Campaign To Fix The Debt have received trillions in federal war contracts, subsidies and bailouts, as well as specialized tax breaks and loopholes that virtually eliminate the companies' tax bills. The CEOs are part of a campaign run by the Peter Peterson-backed Center for a Responsible Federal Budget, which plans to spend at least $30 million pushing for a deficit reduction deal in the lame-duck session and beyond. During the past few days, CEOs belonging to what the campaign calls its CEO Fiscal Leadership Council -- most visibly, Goldman Sachs' Lloyd Blankfein and Honeywell's David Cote -- have barnstormed the media, making the case that the only way to cut the deficit is to severely scale back social safety-net programs -- Medicare, Medicaid, and Social Security -- which would disproportionately impact the poor and the elderly.
(The Huffington Post)
posted: 12/27/12                   0       11
#20 



11/12/2012  Spain suspends house evictions for two years -- Spanish banks are suspending evictions for the next two years for the most vulnerable people.
An estimated 350,000 families have been evicted from their homes since Spain's property market crashed in 2008. It comes three days after Amaia Egana, who was 53, died after jumping from her fourth floor apartment in northern Spain, just before she was due to be evicted. Her death has inflamed public anger at banks, accused of being heartless. Another man in the city of Granada, whose house was also due to be repossessed, apparently committed suicide last month. Spain's Finance Minister, Luis De Guindos, said it was important to find a bipartisan solution to the problem.
(BBC)
posted: 11/12/12                   0       26
#21 
keywords: Amaia Egana, European Court Of Justice, European Union, Financial Crisis, Foreclosuregate, Granada, Juliane Kokott, Luis De Guindos, Mariano Rajoy, Protests, Spain, Wall Street Add New Keyword To Link



11/7/2012  Dow Jones Industrial Average Celebrates "Four More Years" With Biggest Drop In A Year
It seems like only last night everyone was celebrating more hope, if not much change. Now comes the hangover. The Dow Jones intraday drop is now 2.23% (and rising), greater than the biggest drop so far in 2012 record on June 1. The last time the market plunged as much: literally one year ago, or November 9, 2011. Sadly, it appears that one can't have their Dow Jones Industrial Average and redistribute it too. And if the surge in vol the last time we had moves of this magnitude is any indication, we can solmenly say that the world's most overrated job for the next 2 months (and 4 years) will be the Chief Redemption Officer, at any hedge fund. and the S&P futures are at a critical level...below Draghi's Elbow...
(Zero Hedge)
posted: 11/7/12                   0       27
#22 



10/31/2012  Gary Johnson Talks Nwo, Bilderberg & Bohemian Grove
Gary Johnson has been an outspoken advocate for efficient government, balanced budgets, rational drug policy reform, protection of civil liberties, comprehensive tax reform, and personal freedom. As Governor of New Mexico, Johnson was known for his common sense business approach to governing. He eliminated New Mexico's budget deficit, cut the rate of growth in state government in half, and privatized half of the state prisons.
(Prison Planet)
posted: 11/12/12      
            
0       25
#23 



10/31/2012  Napolitano: US financial institutions 'actively under attack' by hackers
Homeland Security Secretary Janet Napolitano on Wednesday warned that some of the largest U.S. financial institutions "are actively under attack" from cyber hackers. While Napolitano sounded the alarm about the attacks at a cybersecurity event hosted by The Washington Post, she declined to provide any details about them. "Right now, financial institutions are actively under attack. We know that. I'm not giving you any classified information," she said. "I will say this has involved some of our nation's largest institutions. We've also had our stock exchanges attacked over the last [few] years, so we know ... there are vulnerabilities. We're working with them on that."
(The Hill)
posted: 11/7/12                   0       29
#24 



1/28/2012  How I woke up to the untruths of Barack Obama: The President's State of the Union address was as weaselly as any politician's could be.
When I happened to wake up in the middle of the night last Wednesday and caught the BBC World Service’s live relay of President Obama’s State of the Union address to Congress, two passages had me rubbing my eyes in disbelief. The first came when, to applause, the President spoke about the banking crash which coincided with his barnstorming 2008 election campaign. “The house of cards collapsed,” he recalled. “We learned that mortgages had been sold to people who couldn’t afford or understand them.” He excoriated the banks which had “made huge bets and bonuses with other people’s money”, while “regulators looked the other way and didn’t have the authority to stop the bad behaviour”. This, said Obama, “was wrong. It was irresponsible. And it plunged our economy into a crisis that put millions out of work.” I recalled a piece I wrote in this column on January 29, 2009, just after Obama took office. It was headlined: “This is the sub-prime house that Barack Obama built”. As a rising young Chicago politician in 1995, no one campaigned more actively than Mr Obama for an amendment to the US Community Reinvestment Act, legally requiring banks to lend huge sums to millions of poor, mainly black Americans, guaranteed by the two giant mortgage associations, Fannie Mae and Freddie Mac. It was this Act, above all, which let the US housing bubble blow up, far beyond the point where it was obvious that hundreds of thousands of homeowners would be likely to default. Yet, in 2005, no one more actively opposed moves to halt these reckless guarantees than Senator Obama, who received more donations from Fannie Mae than any other US politician (although Senator Hillary Clinton ran him close).
(London Telegraph)
posted: 1/29/12                   0       24
#25 



1/22/2012  Has Ex Goldman Sachs Staff turned Democrat Campaigner Infiltrated Occupy?
Through the revolving door from Goldman Sachs to the Democrat Party, an experienced campaigner has maneuvered themselves into a position of influence with the Occupation Movement in the nations capitol. Connections with MoveOn.org, and Van Jones’ Rebuild the Dream, seem to be only the tip of the iceberg. For a movement that considers itself not only non-partisan, but anti-partisan, and entirely anathema to the corporate owned political institutions that exist, this should come as a serious blow. Ali Savino was the initiator of Occupy DC’s Research and Policy Development Committee (RPD). This committee is responsible for not only policy development within the Occupy community, but, through the Occupy 2.0 committee, a sub group of RPD, plays a key role in establishing the future direction of the movement. Ms. Savino works for NGP VAN in Washington, DC. Her Linkedin profile states that she works in ‘product design’ at the firm. NGP VAN’s product is political campaigns. Their web site boasts deep ties with the Democrat Party. Their Clients Page states: NGP VAN is honored to power the fundraising, field, and new media activities for many of the leading Democratic and progressive organizations. Our software powers the Obama campaign’s voter contact, volunteer, fundraising and compliance operations in all 50 states. Clients include: ...
(News Junkie Post)
posted: 1/29/12                   0       25
#26 



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)
posted: 11/29/11                   0       17
#27 
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, Freedom Of Information Act, 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 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)
posted: 12/14/11                   0       13
#28 



11/14/2011  New Book: Insider Trading Rampant in Congress: Members reap benefits of policy knowledge on Wall Street
In Congress, it’s easy to do the kind of stock trading that “would send the rest of us to prison,” writes Peter Schweizer in a new book on the Hill’s upside-down ethics. Members of Congress are, of course, equipped with insider knowledge about upcoming policy, and they’re able to play the market based on that knowledge, Schweizer asserts. In Throw Them All Out, the author probes the trading activities of a handful of congressional leaders of both parties, and finds evidence of questionable dealings.
(Newser)
posted: 11/27/11                   0       15
#29 



11/12/2011  The New Progressive Movement
(Opinion) OCCUPY WALL STREET and its allied movements around the country are more than a walk in the park. They are most likely the start of a new era in America. Historians have noted that American politics moves in long swings. We are at the end of the 30-year Reagan era, a period that has culminated in soaring income for the top 1 percent and crushing unemployment or income stagnation for much of the rest. The overarching challenge of the coming years is to restore prosperity and power for the 99 percent. Thirty years ago, a newly elected Ronald Reagan made a fateful judgment: “Government is not the solution to our problem. Government is the problem.” Taxes for the rich were slashed, as were outlays on public services and investments as a share of national income. Only the military and a few big transfer programs like Social Security, Medicare, Medicaid and veterans’ benefits were exempted from the squeeze. Reagan’s was a fateful misdiagnosis. He completely overlooked the real issue — the rise of global competition in the information age — and fought a bogeyman, the government. Decades on, America pays the price of that misdiagnosis, with a nation singularly unprepared to face the global economic, energy and environmental challenges of our time.
(New York Times)
posted: 11/27/11                   0       15
#30 



11/10/2011  The Inequality Map
Foreign tourists are coming up to me on the streets and asking, “David, you have so many different kinds of inequality in your country. How can I tell which are socially acceptable and which are not?” Foreign tourists are coming up to me on the streets and asking, “David, you have so many different kinds of inequality in your country. How can I tell which are socially acceptable and which are not?” This is an excellent question. I will provide you with a guide to the American inequality map to help you avoid embarrassment. Academic inequality is socially acceptable. It is perfectly fine to demonstrate that you are in the academic top 1 percent by wearing a Princeton, Harvard or Stanford sweatshirt. Ancestor inequality is not socially acceptable. It is not permissible to go around bragging that your family came over on the Mayflower and that you are descended from generations of Throgmorton-Winthrops who bequeathed a legacy of good breeding and fine manners.
(New York Times)
posted: 11/27/11                   0       14
#31 



11/9/2011  Occupy Oakland Deposits $20K at ... Wells Fargo: But don't worry, it's only for a little while!
So much for Bank Transfer Day and, you know, railing against Wall Street: Occupy Oakland took its $20,000 straight to Wells Fargo, the fourth-largest bank holding company in the US. The group’s general assembly agreed—just about unanimously—to temporarily put the large donation from Occupy Wall Street into the big bank Monday, the San Francisco Examiner reports. Not surprisingly, the 162-8 vote (16 abstained) led to outrage on Twitter.
(Newser)
posted: 11/27/11                   0       14
#32 



10/31/2011  The Road Ahead for Occupy Wall Street
To the Editor: Bill Keller misses the point of the Occupy Wall Street movement. An amalgam of issues motivates the millions of people throughout the country who have identified with the effort. Their number includes students in debt for educations that do not lead to employment, homeowners whose property is underwater, individuals whose retirement savings are suddenly at risk, voters who see that those they elect tend to the needs of a constituency of which they are not a part, and people who see that the financial “experts” whose machinations brought down the economy are not held accountable. These are Americans who deserve better than to be piously mocked for their lack of leadership and a constrained agenda. The incestuous liaison between financial power and elected politicians is the issue. Those who are a part of that partnership should take note that if elections don’t count and demonstrations are ignored, the Occupy movement may include civil disobedience or worse.
(New York Times)
posted: 11/27/11                   0       14
#33 



10/25/2011  DA won't prosecute Occupy Sacramento protesters
Occupy Sacramento protesters' push to continue their amorphous yet spirited around-the-clock campaign against economic inequalities got a powerful assist Monday from an unexpected source. District Attorney Jan Scully announced Monday afternoon that her office would not file state charges against protesters arrested for refusing to disperse from an unlawful assembly after being ordered to do so by law enforcement. Scully's position – that no unlawful assembly occurred – has her office ostensibly siding with the protesters and in direct conflict with the Sacramento Police Department. "They are still in violation and we will continue to make the arrests," said Laura Peck, a police spokeswoman, in response to questions about continued arrests under the state law.
(Sacramento Bee)
posted: 10/28/11                   0       15
#34 



10/25/2011  Reckless Endangerment: Totally Corrupt America
Last March I reviewed Matt Taibbi’s important book Griftopia, an entertaining account of the through-going financial fraud that gave us the financial crisis. http://www.vdare.com/print/13156 Taibbi shows that the US “superpower” can match any third world backwater in the magnitude of greed and fraud that is endemic in business and government. I would not be surprised if Taibbi’s book motivated the more aware participants of Occupy Wall Street. Taibbi’s Griftopia was published last year. This year Henry Holt publishers have provided us with Gretchen Morgenson and Joshur Rosner’s Reckless Endangerment. Morgenson and Rosner tell the story again, but with less drama and provocation. Possibly, it might be more acceptable to those gullible Americans who wrap themselves in the flag and refuse to believe that their country could ever knowingly do anything that is wrong. I am not suggesting that Morgenson and Rosner pull their punches. To the contrary, the authors deliver enough knockouts to be contenders with Taibbi as world champions in exposing the reckless fraud that the US financial sector and its regulators now epitomize.
(Paul Craig Roberts)
posted: 10/28/11                   0       14
#35 



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)
posted: 10/28/11                   0       13
#36 
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



10/24/2011  Occupy Sacramento sues the city over First Amendment violations
Occupy Sacramento is filing a lawsuit against the city of Sacramento for violating occupier's First Amendment rights. At a news conference this morning at 10:30 am, lawyers helping Occupy Sacramento announced that they were filing a lawsuit alleging that the city of Sacramento's anti-camping ordinance is violating the First Amendment right to peacefully assemble. Today is day 19 of the occupation that began on October 6th, and so far there have been 75 arrests made simply for remaining in the public park after 11 pm. There have been no arrests for violence, and police have even stated in city council sessions that the occupiers are overwhelmingly peaceful. Thus, it stands to reason that if the occupiers are assembling peacefully, then they have constitutional protections over that assembly. No other law should infringe on this right to assemble.
(Examiner.com)
posted: 10/28/11                   0       14
#37 



10/21/2011  Occupy-apalooza Strikes a Chord
Thursday night I spoke to a young woman in Brooklyn who was having dinner and planning the next day. Between a morning boot camp workout at the local Y.M.C.A. and an evening meeting with friends for drinks, she was planning her first trek to Zuccotti Park to take part in the Occupy Wall Street protests. “Why?” I asked. “What specifically are you protesting?” I was curious. I hoped that she’d respond with some variation of the umbrella arguments about income inequality, the evils of corporate greed and corruption or removing corporate money from politics. She didn’t. “I don’t know. It’s just cool,” she said. She went on to tell me about how she felt that this was a movement of people with whom she felt some kinship, banding together and making history, and that she wanted to be a part of that in the same way that people from previous generations were part of the civil rights, women’s liberation and antiwar movements.
(New York Times)
posted: 10/28/11                   0       13
#38 



10/17/2011  Why Occupy Wall Street Is Bigger Than Left vs. Right
(Matt Taibbi) I was surprised, amused and annoyed all at once when I found out yesterday that some moron-provocateur linked to notorious right-wing cybergoon Andrew Breitbart had infiltrated a series of private e-mail lists – including one that I have been participating in – and was using them to run an exposé on the supposed behind-the-scenes marionetting of the OWS movement by the liberal media. According to various web reports, what happened was that a private "cyber-security researcher" named Thomas Ryan somehow accessed a series of email threads between various individuals and dumped them all on BigGovernment.com, Breitbart's site. Gawker is also reporting that Ryan forwarded some of these emails to the FBI and the NYPD. I have no idea whether those email exchanges are the same as the ones I was involved with. But what is clear is that some private email exchanges between myself and a number of other people – mostly financial journalists and activists who know each other from having covered the crisis from the same angle in the last three years, people like Barry Ritholz, Dylan Ratigan, former regulator William Black, Glenn Greenwald and myself – ended up being made public.
(Rolling Stone)
posted: 11/8/11                   0       15
#39 



10/15/2011  In Protest, the Power of Place
THE ever expanding Occupy Wall Street movement, with encampments now not only in Lower Manhattan but also in Washington, London and other cities, proves among other things that no matter how instrumental new media have become in spreading protest these days, nothing replaces people taking to the streets. Another reminder came late last week when the landlord of Zuccotti Park, where the demonstrators in New York City have settled, at the last minute withdrew a request for police assistance in cleaning up the park. This, at least temporarily, averted a confrontation in front of the global media over what protesters regarded as just a pretext to evict them. We tend to underestimate the political power of physical places. Then Tahrir Square comes along. Now it’s Zuccotti Park, until four weeks ago an utterly obscure city-block-size downtown plaza with a few trees and concrete benches, around the corner from ground zero and two blocks north of Wall Street on Broadway. A few hundred people with ponchos and sleeping bags have put it on the map. Kent State, Tiananmen Square, the Berlin Wall: we clearly use locales, edifices, architecture to house our memories and political energy. Politics troubles our consciences. But places haunt our imaginations.
(New York Times)
posted: 11/27/11                   0       12
#40 



10/11/2011  How politicians can kick the Wall Street habit
So, protesters are occupying Wall Street and downtown banking districts in scores of other cities. Many Democratic politicos have endorsed the movement’s spirit and goals. Now what? The pols are in no position to enact any further left-populist reforms — laws that create, say, a financial transaction tax, or that make it easier for employees to form unions — so long as Republicans control the House and have veto power in the Senate. For that matter, the Democrats couldn’t even get those bills enacted when they controlled both houses of Congress. So what, besides affirming their solidarity with the demonstrators, can they do?
(Washington Post)
posted: 11/27/11                   0       11
#41 



10/1/2011  The ReFund California Pledge
The growing Occupy Wall Street movement has shown that there is another alternative. Corporate profits and taxes on the super-rich, including those who sit on our schools and universities’ boards, could pay for refunding public education. This is why organizations representing millions of students and educators around the state have joined together in calling for a week of action from November 9th through 16th to ReFund Public Education, and are calling upon the UC Regents, the CSU Trustees and other political and corporate leaders to sign the Refund California Pledge.
(ReFund California Coalition)
posted: 12/14/11                   0       9
#42 



9/30/2011  Occupy Wall Street: Let the co-opting begin
As an assortment of unions voice support and celebrities pop up to cheer them on, the “Occupiers” think themselves to be gaining in a groundswell. Hardly . . . they’re about to be drowned. Since I kvetched about the Occupy Wall Street “disorganizers” ten days ago, much has changed! Yet so much remains the same. Susan Sarandon, Michael Moore, and other left-of-left celebrities have come out to cheer them on. Earlier, the best they could manage was Roseanne Barr! A group of labor unions will be joining in and lending their full support. MoveOn.org, the Coalition for the Homeless, and the Working Families Party are all getting excited. Needless to say, the protesters are pleased. Look at all the attention their cause is getting! And their message is being heard! “Great, they have a message now?”
(Secular News Daily)
posted: 10/12/11                   0       11
#43 
keywords: Afscme, Alternative Media, American Federation Of Teachers, Campaign Finance Reform, Coalition For The Homeless, Donna Edwards, Education, International Brotherhood Of Electrical Workers, Laborers Union, Michael Moore, Military, Moveon.org, National Education Association, New York City, Nyc General Assembly, Occupy Wall Street, Opensecrets, Police, Roseanne Barr, Seiu, Student Loans, Susan Sarandon, Unions, United States, Van Jones, Wall Street, Working Families Party Add New Keyword To Link



9/1/2011  Testing Occupy Wall Street September 1st
A video story of a peaceful protest test on Wall Street last Thursday Sept.1st, showing that we are living in a police state. Each of us who were detained will return there again, brining friends over. We cary our beliefs and no fears. More and more people will be coming beginning September 17th. Meaningless nonsense charges against us will be dismissed in a court, as it was with one of us, the person who was kept in jail that night and brought to the court the next day. We believe in our constitutional rights for freedom of speech and peaceful demonstrations.
(Occupy Wall Street)
posted: 10/28/11      
            
0       11
#44 



8/17/2011  Is the SEC Covering Up Wall Street Crimes?
Matt Taibbi: A whistle blower says the agency has illegally destroyed thousands of documents, letting financial crooks off the hook. - Imagine a world in which a man who is repeatedly investigated for a string of serious crimes, but never prosecuted, has his slate wiped clean every time the cops fail to make a case. No more Lifetime channel specials where the murderer is unveiled after police stumble upon past intrigues in some old file – "Hey, chief, didja know this guy had two wives die falling down the stairs?" No more burglary sprees cracked when some sharp cop sees the same name pop up in one too many witness statements. This is a different world, one far friendlier to lawbreakers, where even the suspicion of wrongdoing gets wiped from the record. That, it now appears, is exactly how the Securities and Exchange Commission has been treating the Wall Street criminals who cratered the global economy a few years back. For the past two decades, according to a whistle-blower at the SEC who recently came forward to Congress, the agency has been systematically destroying records of its preliminary investigations once they are closed. By whitewashing the files of some of the nation's worst financial criminals, the SEC has kept an entire generation of federal investigators in the dark about past inquiries into insider trading, fraud and market manipulation against companies like Goldman Sachs, Deutsche Bank and AIG. With a few strokes of the keyboard, the evidence gathered during thousands of investigations – "18,000 ... including Madoff," as one high-ranking SEC official put it during a panicked meeting about the destruction – has apparently disappeared forever into the wormhole of history. Under a deal the SEC worked out with the National Archives and Records Administration, all of the agency's records – "including case files relating to preliminary investigations" – are supposed to be maintained for at least 25 years. But the SEC, using history-altering practices that for once actually deserve the overused and usually hysterical term "Orwellian," devised an elaborate and possibly illegal system under which staffers were directed to dispose of the documents from any preliminary inquiry that did not receive approval from senior staff to become a full-blown, formal investigation. Amazingly, the wholesale destruction of the cases – known as MUIs, or "Matters Under Inquiry" – was not something done on the sly, in secret. The enforcement division of the SEC even spelled out the procedure in writing, on the commission's internal website. "After you have closed a MUI that has not become an investigation," the site advised staffers, "you should dispose of any documents obtained in connection with the MUI."
(Rolling Stone)
posted: 9/14/11                   0       14
#45 
keywords: Adam Storch, American International Group, Andrew Tong, Bank Of America, Bankers Trust, Barry Walters, Bear Stearns, Bernie Madoff, Bill Laufer, Charles Grassley, Christopher Cox, Citigroup, Daniel Indiviglio, Darcy Flynn, Davis Polk, Der Spiegel, Deutsche Bank, Financial Crisis, Gary Aguirre, Gary Lynch, George Orwell, George W Bush, Germany, Goldman Sachs, Harry Markopolos, JP Morgan Chase, Jacqueline Millan, Joel Sauer, John Mack, John Nester, Julie Preuitt, Ken Hall, Laurence Brewer, Lehman Brothers, Linda Chatman Thomsen, Lynn Turner, Mary Schapiro, Morgan Stanley, National Archives And Records Administration, Paul Wester, Pequot Capital, Ping Jiang, Police, R Allen Stanford, Richard Walker, Robert Khuzami, Rolf Breuer, Sac Capital, Seaboard, Securities And Exchange Commission, Stephen Cutler, Texas, The Atlantic, US Congress, United States, University Of Pennsylvania, Wall Street, Whistleblowers, William Mclucas, Wilmerhale Add New Keyword To Link



7/31/2011  Quick guide on group dynamics in people's assemblies
This text has been prepared by the Commission for Group Dynamics in Assemblies of the Puerta del Sol Protest Camp (Madrid). It is based on different texts and summaries which reached consensus in the internal Assemblies of this Commission (and which will be made available on the official webs of the 15th May Movement) and from the experiences gained in the General Assemblies held in this Protest Camp up until 31st May 2011. pdf-it, pdf-fr, pdf-es, pdf-en The purpose of this Quick Guide is to facilitate and encourage the development of the different Popular Assemblies which have been created since the beginning of the 15th May Movement. This Quick Guide will be periodically revised and updated. On no account is it to be considered a closed model which cannot be adapted through consensus by any given Assembly. From the Commission for Group Dynamics in Assemblies of the Puerta del Sol Protest Camp we invite our friends and comrades to attend and take part in the meetings, work plans and internal Assemblies of this Commission, which are open to anyone who wants to come to them and actively participate in maintaining, perfecting and developing them.
(Take The Square)
posted: 10/28/11                   0       10
#46 



7/30/2011  Why Voters Tune Out Democrats
BARACK OBAMA can’t catch a break from the American public on the economy, even though he prevented a depression and saved global capitalism. Perhaps the president finds solace in knowing he’s not alone. During this period of economic crisis and uncertainty, voters are generally turning to conservative and right-wing political parties, most notably in Europe and in Canada. It’s perplexing. When unemployment is high, and the rich are getting richer, you would think that voters of average means would flock to progressives, who are supposed to have their interests in mind — and who historically have delivered for them. During the last half-century or so, when a Democratic president has led the country, people have tended to experience lower unemployment, less inequality and rising income compared with periods of Republican governance. There is a reason, however, that many voters in the developed world are turning away from Democrats, Socialists, liberals and progressives. My vantage point on voter behavior comes through my company, Greenberg Quinlan Rosner, and its work for center-left parties globally, starting with Bill Clinton’s presidential campaign in 1992. For the last decade, I have worked in partnership with James Carville conducting monthly polls digging into America’s mood and studying how progressives can develop successful electoral strategies. (I am also married to a Democratic congresswoman from Connecticut, Rosa L. DeLauro.)
(New York Times)
posted: 9/14/11                   0       11
#47 



7/21/2011  The Fed Audit
The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. "As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world," said Sanders. "This is a clear case of socialism for the rich and rugged, you're-on-your-own individualism for everyone else." Among the investigation's key findings is that the Fed unilaterally provided trillions of dollars in financial assistance to foreign banks and corporations from South Korea to Scotland, according to the GAO report. "No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the president," Sanders said.
(Bernie Sanders)
posted: 10/28/11                   0       10
#48 



7/1/2011  FEDERAL RESERVE SYSTEM: Opportunities Exist to Strengthen Policies and Processes for Managing Emergency Assistance (GAO Report to Congressional Addressees)
Why GAO Did This Study - The Dodd-Frank Wall Street Reform and Consumer Protection Act directed GAO to conduct a one-time audit of the emergency loan programs and other assistance authorized by the Board of Governors of the Federal Reserve System (Federal Reserve Board) during the recent financial crisis. This report examines the emergency actions taken by the Federal Reserve Board from December 1, 2007, through July 21, 2010. For each of these actions, where relevant, GAO’s objectives included a review of (1) the basis and purpose for its authorization, as well as accounting and financial reporting internal controls; (2) the use, selection, and payment of vendors; (3) management of conflicts of interest; (4) policies in place to secure loan repayment; and (5) the treatment of program participants. To meet these objectives, GAO reviewed program documentation, analyzed program data, and interviewed officials from the Federal Reserve Board and Reserve Banks (Federal Reserve System). - What GAO Recommends - GAO makes seven recommendations to the Federal Reserve Board to strengthen policies for managing noncompetitive vendor selections, conflicts of interest, risks related to emergency lending, and documentation of emergency program decisions. The Federal Reserve Board agreed that GAO’s recommendations would benefit its response to future crises and agreed to strongly consider how best to respond to them. - What GAO Found - On numerous occasions in 2008 and 2009, the Federal Reserve Board invoked emergency authority under the Federal Reserve Act of 1913 to authorize new broad-based programs and financial assistance to individual institutions to stabilize financial markets. Loans outstanding for the emergency programs peaked at more than $1 trillion in late 2008. The Federal Reserve Board directed the Federal Reserve Bank of New York (FRBNY) to implement most of these emergency actions. In a few cases, the Federal Reserve Board authorized a Reserve Bank to lend to a limited liability corporation (LLC) to finance the purchase of assets from a single institution. In 2009 and 2010, FRBNY also executed large-scale purchases of agency mortgage-backed securities to support the housing market. The table below provides an overview of all emergency actions covered by this report. The Reserve Banks’ and LLCs’ financial statements, which include the emergency programs’ accounts and activities, and their related financial reporting internal controls, are audited annually by an independent auditing firm. These independent financial statement audits, as well as other audits and reviews conducted by the Federal Reserve Board, its Inspector General, and the Reserve Banks’ internal audit function, did not report any significant accounting or financial reporting internal control issues concerning the emergency programs. The Reserve Banks, primarily FRBNY, awarded 103 contracts worth $659.4 million from 2008 through 2010 to help carry out their emergency activities. A few contracts accounted for most of the spending on vendor services. For a significant portion of the fees, program recipients reimbursed the Reserve Banks or the fees were paid from program income. The Reserve Banks relied more extensively on vendors for programs that assisted a single institution than for broad-based programs. Most of the contracts, including 8 of the 10 highest-value contracts, were awarded noncompetitively, primarily due to exigent circumstances. These contract awards were consistent with FRBNY’s acquisition policies, but the policies could be improved by providing additional guidance on the use of competition exceptions, such as seeking as much competition as practicable and limiting the duration of noncompetitive contracts to the exigency period. To better ensure that Reserve Banks do not miss opportunities to obtain competition and receive the most favorable terms for services acquired, GAO recommends that they revise their acquisition policies to provide such guidance. FRBNY took steps to manage conflicts of interest for its employees, directors, and program vendors, but opportunities exist to strengthen its conflict policies. In particular, FRBNY expanded its guidance and monitoring for employee conflicts, but new roles assumed by FRBNY and its employees during the crisis gave rise to potential conflicts that were not specifically addressed in the Code of Conduct or other FRBNY policies. For example, FRBNY’s existing restrictions on its employees’ financial interests did not specifically prohibit investments in certain nonbank institutions that received emergency assistance. To manage potential conflicts related to employees’ holdings of such investments, FRBNY relied on provisions in its code that incorporate requirements of a federal criminal conflict of interest statute and its regulations. Given the magnitude of the assistance
(US Government Accountability Office)
posted: 10/28/11                   0       10
#49 



5/7/2011  Nuclear Agency Is Criticized as Too Close to Its Industry
In the fall of 2007, workers at the Byron nuclear power plant in Illinois were using a wire brush to clean a badly corroded steel pipe — one in a series that circulate cooling water to essential emergency equipment — when something unexpected happened: the brush poked through. The resulting leak caused a 12-day shutdown of the two reactors for repairs. The plant’s owner, the Exelon Corporation, had long known that corrosion was thinning most of these pipes. But rather than fix them, it repeatedly lowered the minimum thickness it deemed safe. By the time the pipe broke, Exelon had declared that pipe walls just three-hundredths of an inch thick — less than one-tenth the original minimum thickness — would be good enough. Though no radioactive material was released, safety experts say that if enough pipes had ruptured during a reactor accident, the result could easily have been a nuclear catastrophe at a plant just 100 miles west of Chicago. Exelon’s risky decisions occurred under the noses of on-site inspectors from the federal Nuclear Regulatory Commission. No documented inspection of the pipes was made by anyone from the N.R.C. for at least the eight years preceding the leak, and the agency also failed to notice that Exelon kept lowering the acceptable standard, according to a subsequent investigation by the commission’s inspector general.
(New York Times)
posted: 5/9/11                   0       13
#50 
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