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The sour economy, persistently-high unemployment and resulting growth of American poverty have starved states of welfare funding, forcing up to a third to turn to outside groups like the YMCA to help them meet Washington’s demand that they spend almost as much as Uncle Sam to assist the poor. A new Government Accountability Office report reveals the huge growth in the number of recession-wracked states that have desperately turned to outside [...] South Korean Olympic weightlifter Jaehyouk Sa was forced to abandon the competition today after his elbow snapped back while he was attempting a 162kg lift. The reigning champion in the men’s 77kg category was taken to hospital after his second attempt at the snatch ended in disaster. The 27-year-old successfully lifted 158kg (348.33 lbs) but tried to push it up to 162kg (357.15 lbs) the second time round. But Sa encountered a problem [...] From FT: The Fed’s attempt to overcome its policy dilemma has little chance of succeeding given the degree of political dysfunction in Washington. It is only a matter of weeks until, once again, Fed officials will feel compelled to act, and despite full knowledge that their measures will have limited effectiveness in delivering desired outcomes. EXCERPT: So everything is locked in until 10.000AD? Yes. It’s a dreamlike reality. No one has picked up a tangible future beyond 2012 AD. There is a very abrupt wall there with nothing on the other side. Why was it mentioned at one time that 2011 was the last year that they could see anything tangible? It was mentioned in the Mayan calendar that 2011-2013 was a barrier of some kind. Psychics have said [...] The US has set its sights on a new region of the globe – the Asia Pacific. It’s all an attempt to keep close tabs on China – a power gaining significant influence in the region. But China has a plan of its own and are forming a close alliance with America’s southern neighbors and this is alarming some members of Congress including Representative Dana Rohrabacker. RT’s Kristine Frazao sat [...] In another attempt to censor the Internet SOPA is reborn by Congress this time as the Intellectual Property Attache Act. In the past several months, Congress has attempted to police and control the Internet with bills such as PIPA, SOPA and CISPA. But due to blackout campaigns by websites such as Wikipedia, Google and Reddit and protest from citizens, the legislation has been shot down repeatedly. Now the hydra has reared [...] The annual Rapa das Bestas festival in Spain is not for the faint-hearted, as it pits man against horse in an incredible wrestling match. The 400-year old tradition of Rapa das Bestas, which translates as ‘cropping the beasts’, sees locals attempt to wrestle wild horses to the ground, before cropping their manes. The horses come from the mountains of Galicia, in the northwestern region of Spain, and are rounded up so that [...] From FT: That is the question beyondbrics found itself asking after it had a look at Turkey’s latest trade figures. According to data released by the Turkish Statistical Institute (TurkStat), Turkey’s trade with Iran in May rose a whopping 513.2 per cent to hit $1.7bn. Of this, gold exports to its eastern neighbour accounted for the bulk of the increase. Nearly $1.4bn worth of gold was exported to Iran, accounting for 84 per cent of [...] The US navy has added another warship to its Fifth Fleet in Bahrain, in an attempt to bolster America’s military presence in the Persian Gulf. The USS Ponce – previously slated for decommissioning – arrived at the base on Thursday, a fleet spokesman in Manama said, Reuters reported. “Ponce’s primary mission is to support mine countermeasures operations and other missions, such as the ability to provide repair service to other deployed units,” [...] HUFFPOST Starting this summer, some of SunTrust’s least wealthy customers will have to pay higher fees on everything from ATM withdrawals to checking accounts, the bank confirmed on Wednesday. The changes in fees affect primarily Everyday Checking, Student Checking and Solid Choice account holders. The first two accounts are targeted at customers who maintain lower balances. The changes, scheduled to begin Aug. 24, will raise the minimum daily balance a customer is required [...] From A Lightning War for Liberty: Those who know me understand clear as crystal that I don’t approve of massive money printing. I think it is theft, plain and simple, and represents an egregiously deceptive manner of transferring wealth from the poor to the wealthy and from the productive to parasitic financial oligarchs. That being said, the world we live in is being led by a bunch of crooked banksters and the [...] From Economic Policy Journal: Chicago police are planning a range of tactics — some old, some new — to control protests outside the NATO summit scheduled for May 20 and 21. A look at some crowd-control techniques and the department’s position on them: EXTRACTION: Police Superintendent Garry McCarthy says officers will attempt to extract individual lawbreakers from crowds to keep problems from escalating. He says the department does not want to disperse [...] According to Ekathimerini, the leftist leader Alexis Tsipras has emerged rom a meeting with the head of PASOK and announced that talks to form a new government have failed. Next up in Greece: A meeting between the party heads and the ceremonial President of Greece, in an attempt to cobble together an agreement. These tweets from Ekathimerini have the latest.
Ekathimerini Source: businessinsider From King World News: With escalating fears regarding the stability of the eurozone, today King World News interviewed former LBMA commodities broker and trader and current [Member of European Parliament] Nigel Farage to get his take on the situation. Farage told KWN he believes there will be an attempt, within months, to install a dictatorship in Europe. Here is what Farage had to say about the deteriorating situation: “Frankly, the whole thing is [...] This month, the Los Angeles city council is expected to ban single-use plastic bags. “[T]he ban is an attempt by the city to reduce litter,” says the Los Angeles Daily News. But it is likely to reduce something else: jobs. “[A] city ban could prompt the layoff of between 20 and 130 employees” at Crown Poly, a plastic bag manufacturer in L.A., according to the Los Angeles Times. Hundreds more could be at [...] President Obama, who famously called for tax increases on the wealthy to “spread the wealth around,” denied today that his tax increases on the rich are an attempt to “redistribute wealth.” “So these investments — in things like education and research and health care — they haven’t been made as some grand scheme to redistribute wealth from one group to another,” the president said today at Florida Atlantic University. “This is not some [...] From Market Anthropology: Considering where the market currently trades, it seems like a foregone conclusion that the SPX will at the very least attempt to kiss the monthly meridian that currently sits around 1,442. I believe it is also significant to note the May 2008 retracement level that is directly beneath the meridian at 1,440. It is a very interesting confluence that may present a changing room for bulls and bears to [...] (Schnittshow.com) Nationally syndicated radio host Todd Schnitt is calling for MSNBC to fire their host, the Rev. Al Sharpton, for his attempt at inciting violence. Schnitt has called for Sharpton’s arrest if riots occur. Read more: http://www.schnittshow.com/cc-common/news/sections/newsarticle.html?feed=454847&article=9976302#ixzz1qnFSyc26 It is rather surprising that in a world in which anything and everything is only about money, it is next to impossible to find a consolidated balance sheet of the world’s insolvent economies (i.e., the developed countries: US, Japan and the Euro Area). So for all those seeking a visual presentation of all the liabilities that have to be inflated away by the central banks (because that’s what this is [...] A top Canadian court legalized pimping and brothels Monday in an attempt to make prostitution less dangerous. The landmark decision by the Ontario Court of Appeals ruled that a previous ban on brothels puts prostitutes at risk and was unconstitutional. ‘The record is clear that the safest way to sell sex is for a prostitute to work indoors, in a location under her control,’ the judges said in their ruling. Although pimping and [...] Rick Santorum’s latest attempt to use a Mitt Romney aide’s “Etch-A-Sketch” remark against the Republican front-runner instead gave his rival a chance to fire back on Thursday, after Santorum seemed to say he’d rather see President Obama reelected than send Romney to the White House. Speaking at an event in Texas, Santorum again made the case that Romney spokesman Eric Fehrnstrom’s comments Wednesday on CNN about a “reset” of the campaign [...] This day’s purpose is to bring to the general public’s awareness of many many food sharing prohibition laws that because they are little known are proliferating at an incredible rate. A Statement from Rush
For over 20 years, I have illustrated the absurd with absurdity, three hours a day, five days a week. In this instance, I chose the wrong words in my analogy of the situation. I did not mean a personal attack on Ms. Fluke. I think it is absolutely absurd that during these very serious political times, we are discussing personal sexual recreational activities before members of Congress. I [...] A man accidentally shot his elderly mother while trying to break up fighting pit bulls inside their Plantation home Tuesday night, police said. The son told NBC Miami that he and his mother have seven pit bulls in their house at 4541 W. Broward Blvd. – they own three and take care of four for friends. Tuesday night the dogs became aggressive and started fighting each other, Plantation Police [...] From Zero Hedge: Obama’s latest attempt to stimulate the housing sector and inflate home prices “before waiting for them to hit bottom” (which they never will as long as central planning tries to define what clearing prices are) is a noble reincarnation of now an annual, and completely ineffectual, theatrical gambit. There is, unfortunately, one major snag. It is Dead on Arrival (just like every single iteration of the Greek bailout), [...] Tell that to the 46 million on food stamps. Economic indicators are fine for markets, but do not reflect the impact to the everyday person, most of which have nothing in the market. With fewer involved in the markets and huge flows into the mattress. “….in the first 11 months of last year investors poured more than eight times more money into checking and savings accounts than into Fed-inspired risk assets [...] by The American Dream New Republican primary rules are going to make it basically impossible for any candidate to wrap up the Republican nomination very early in 2012. In fact, the new Republican primary rules make a “brokered convention” much more likely and they also make it much more likely that the Republican establishment will attempt to steal the nomination away from a candidate that they do not like. How exactly they [...] |
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Biderman: “The World Cannot Go Back To The Way It Was”
In browsing the last seven months of video commentary that Charles Biderman, of TrimTabs, has produced, he is clear on one thing, “nothing has changed”. With an ‘admittedly rigged’ stock market now at the behest of global central banks and the slow-motion train-wreck in Europe seemingly approaching the end of its can-kicking-road, Biderman is frustrated by the inane financial media’s perpetual belief that we are ‘a grand plan’ away from [...]