|
|||||
|
As the countries trade blows amid claims of online spying, some see it as a final effort by Washington to retain its economic superiority. by Katherine Rushton, The Telegraph: In the late 1700s, a budding engineer called Samuel Slater took an apprenticeship in a Derbyshire textile mill. He learnt more than the job, however. Slater memorised the blueprint for the mill itself, bought a ticket to New York and sold the information to [...] The NY Fed secretly bailed out Bank of America last Summer, and it’s just coming to light now. — Don’t Blink, Or You’ll Miss Another Bailout New York Times By Gretchen Morgenson Many people became rightfully upset about bailouts given to big banks during the mortgage crisis. But it turns out that they are still going on, if more quietly, through the back door. The existence of one such secret deal, struck in July between the Federal [...] Mac Slavo
It’s never too early to learn to defend yourself, and 12-year-old Kendra St. Clair from Durant, Oklahoma did just that when a man broke through her back door during a home invasion. The man, identified as 32-year-old Stacey Jones, had previously been charged for the abduction of a 17 year old girl last year. According to Ms. St. Clair, Jones first rang the doorbell, and when no one answered, [...] BRYAN COUNTY, Oklahoma – A 12-year-old girl took matters into her own hands during a home invasion in southeast Oklahoma. It happened on Wednesday when the girl was home alone. She told police a stranger rang the doorbell, then went around to the back door and kicked it in. She called her mom, Debra St. Clair, who told her to get the family gun, hide in a closet and call 911. http://www.newson6.com/story/19858704/12-year-old-girl-shoots-intruder-during-home-invasion ALTAVISTA, Va.— Family members tell WDBJ7 that Delma Towler called police because she thought someone was breaking into her home on 10th Street. Relatives say the 83-year-old was wandering behind her house. WDBJ7 has learned Delma may have fired a gunshot through her back door. ….
http://www.wdbj7.com/news/wdbj7-state-police-investigate-officer-involved-shooting-in-altavista-wednesday-night-20120920,0,4084378.story?page=2 Another great cop protecting and serving! Though I’d put part of the blame on the idiot who called police over a stolen ladder. a) the cops don’t care about your stolen property, esp a frigging ladder and b) if the idiot pig had even gotten to the right house his main priority would have been to see if he could find something to arrest the victim for (that is if [...] The enormity of this discovery, is on par with the discovering of a gateway to the netherworld. This is like, a clear cut case against the government. They are in full damage control mode right now. Taken from this video: http://www.youtube.com/watch?v=XOtAAWuo050 The resolution decreased in quality in my video, and is better in the original. The first thing that stands out is the lack of the pink flip flops by the back [...] ALEXANDROUPOLIS, Greece — At the train station here, an unshaven man with a weary look leaned against the brick wall of a building, taking in the morning sun. He said that his name was Zulifoar Baht; that he was 38, from Pakistan; and that his train for Athens would not arrive until midafternoon. So there was nothing to do but wait, along with a dozen or so other illegal immigrants who [...] A dopey truck driver caused caused a enormous traffic jam after he spilled 24 tons of sardines onto the road because he forget to close the back door. Motorists along the highway near Kolobrzeg, Poland, were held up for hours while workers cleared up the huge trail of fish which had been scattered for several hundred metres along both sides of the road. ‘At first we thought it was some sort of divine judgement [...] The Employer Mandate ObamaCare’s employer mandate is among the new laws most anti-growth provisions. When implemented, it will force most American business firms to offer government-approved health insurance to their employees or else pay new federal taxes for not doing so. This costly new requirement will make it more expensive for firms to hire workers in the future. Consequently, it will destroy jobs, and many firms are likely to slow down [...] German lenders will be among the biggest beneficiaries of a Spanish bank bailout, with rescue funds helping to ensure they get paid back in full for poor lending decisions made in the run-up to the financial crisis, and helping politicians in Berlin avoid a politically sensitive bank bailout of their own. German lenders were among Europe’s most profligate before 2008, channelling the country’s savings to the European periphery in search of [...] Andreas Dombret, a key board member of the Bundesbank, said the grand plan by Brussels is premature and unworkable as constructed. “It has to follow a deeper fiscal union as it would imply significantly increased risk sharing amongst countries.” Mr Dombret said a pan-EMU deposit-guarantee scheme and a debt resolution fund would require “a genuine, democratically legitimated fiscal union” and a new treaty. The Bundebank’s vice-president Sabine Lautenschlaeger hammered home the point [...] If the european leaders don’t bring a joint liability for their countries’ debt in the form of the Eurobonds or the “Eurobonds through the back door,” the euro won’t survive said Kit Juckes, head of global FX strategy at Societe Generale SA, according to a Die Welt report. http://www.efxnews.com/story/12973/euro-wont-survive-without-eurobonds-socgen-head-global-fx-strategy?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Efxnews+%28eFXnews+%29 Vulnerability ‘hard wired’ into chips in aircraft A hidden ‘back door’ in a computer chip could allow cyber-criminals a way to override and control computer systems on Boeing 787s. The vulnerability is in an Actel chip used in their computer systems, and seems to be hard-wired into the devices. This could mean the vulnerability – in chips used in Boeing’s flagship Dreamliner – [...] Guardian.co.uk Two Cambridge experts have discovered a “back door” in a computer chip used in military systems and aircraft such as the Boeing 787 that could allow the chip to be taken over via the internet. The discovery will heighten concerns about the risks of cyber-attacks on sensitive installations, coming on the heels of the discovery this week of the ‘Flamer’ virus which has been attacking computer systems in Iran, Syria and Saudi Arabia. In a paper that [...] Dirty clothes have a Pittsburgh-area police officer in hot water. Rankin police Officer Jason Rocco is charged with trespassing and criminal mischief for allegedly breaking into a neighbor’s home to wash his clothes. Rocco lives next door to the Marie Avenue, Avalon house, which is on the market to be sold. The owner hasn’t lived there for months so found it odd that his electric bill was unusually high, WPXI reported. The homeowner told police he [...] Merkel’s Back is Against the Wall… Time for Germany’s “Plan B”?
by Phoenix Capital Research
As long time readers know, a central theme to my analysis regarding Europe is that politics, not economics, rule Europe. What I mean by this is that most major decisions in Europe are determined by political agendas that ignore economic and financial realities.
This is at the core of the “welfare state” mentality that permeates Europe as a whole. [...] “This is turning into a disaster for the EU periphery,” says RBS’ Andrew Roberts, who notes Spanish and Italian banks are “deeply underwater” on their LTRO-enabled purchases of sovereign debt. “What the LTRO has done is concentrate systemic risk even further,” argues Guy Mandy from Nomura. “If everything goes wrong, it could go wrong in a hurry.”
via Telegraph: Credit experts say the Spanish and Italian banks are trapped with large losses on sovereign [...] By Ambrose Evans-Pritchard, telegraph.co.uk The European Central Bank’s €1 trillion (£824bn) lending spree over the winter has stored up a host of fresh problems, leaving parts of the banking system more vulnerable than before as the short-term “sugar rush” nears exhaustion. Credit experts say the Spanish and Italian banks are trapped with large losses on sovereign bonds bought with ECB funds under the three-year lending programme, or Long-Term Refinancing Operation (LTRO). Andrew Roberts, credit chief [...] By Ambrose Evans-Pritchard Markets took no notice of fresh austerity pledges from premier Mariano Rajoy, including new cuts worth €10bn in health and education – seen as a belated move to salvage Spain’s credibility after a spat with Brussels over fiscal slippage. Mr Rajoy said the bond attack should dispel the illusions of those who think Spain can muddle through without serious austerity. “Markets can decide to lend or not to lend, and [...] From FT: Surveillance means safety. This is the argument wherever and whenever governments seek new powers to monitor their citizens. Proposed legislation in the UK to enable police and intelligence services to access emails, Skype calls and Facebook messages is another such example. It is also another case of the unnecessary and dangerous expansion of state power, in collaboration with companies, into our online – and offline – lives. The UK government has said [...] An Oklahoma bill that would ban the sale of food containing aborted human fetuses has some people wondering: What food currently contains aborted human fetuses? The bill, introduced Jan. 18 by State Sen. Ralph Shortey, prohibits the manufacture or sale of “food or any other product intended for human consumption which contains aborted human fetuses in the ingredients or which used aborted human fetuses in the research or development of any of the ingredients.” Shortey [...] Wolf Richter www.testosteronepit.com Though practically every car sold in the US today contains Chinese-made components, the announcement that a few Chinese-made cars would arrive in Canada raised a lot of eyebrows. It would be a Honda Fit assembled in the same plant where the European version, the Jazz, has been built for years. But Chinese-designed and branded vehicles have not made it yet. Chinese automakers, of which there is a whole slew, are [...] by business insider All eyes will be focused on Europe tomorrow, when the European Central Bank publishes statistics about a new, 3-year bank funding operation (LTRO) meant to ease liquidity for the banks.
Bulls have been hoping that this funding operation will amount to a back-door bailout vis a vis the banks, as more liquidity could drive down sovereign borrowing. However most analysts and even ECB president Mario Draghi are less than optimistic about the true [...] Ilargi: It’s very simple, but maybe that’s the problem. For all I know it’s just too simple for people to see. There’s a group of people, and it’s tempting to call them the 1%, but they’re not really, since there’s politicians in there too who have no shot at even aspiring to be part of the 1%, and media pundits and economists and what have you, who all together try to save [...]
Nomi Prins, former Goldman Sachs Managing Partner has burst on the scene in exposing the rampant fraud at her former employer. Nomi Prins In the wake of chopping its Central Bank swap rates today, the Fed has been called a bunch of names: a hero for slugging the big bailout bat in the ninth inning, and a villain for printing money to help Europe at the expense of the US. Neither depiction is right. The Fed is merely continuing its unfettered brand of bailout-economics, promoted with heightened intensity recently by President [...] CHICAGO (CBS) – One moment, Harry Rodriguez of the Belmont-Cragin neighborhood was celebrating his birthday. The next, he lay dying after being shot in the chest at his own party. He was just about to turn 24 on Wednesday. As CBS 2’s Dana Kozlov reports, Rodriguez was with more than a dozen friends in an apartment in the two-flat where he lived in the 2000 block of North LeClaire Avenue around 1:55 [...] Via Peter Tchir of TF Market Advisors Monday afternoon the markets shot straight up after taking a dose of CNBCialis. CNBC was the first to break the story about letting EFSF use leverage or turning the EIB into a vehicle to increase the potency of the EFSF funds. That was followed up by more leaks to other news sources. Stocks went higher quite happily but failed to drag [...] In the same week that Homeland Security Secretary Janet Napolitano announced that her department was going to review the cases of 300,000 illegal aliens in deportation proceedings and allow “low priority” cases to stay in the country and receive work permits—a move House Judiciary Chairman Lamar Smith called a “back door amnesty”—President Barack Obama’s approval dropped to an all-time low of 44 percent among [...] kingworldnews.com With gold surging to new all-time highs, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management. When asked where the gold is coming from to satisfy insatiable global demand Embry stated, “Well I expect it’s coming clandestinely from any number of sources. I think maybe the western central banks have a little bit that they could sort of contribute to the [...] |
Custom Search
    |
||||
|
Copyright © 2013 InvestmentWatch - All Rights Reserved |
|||||
