War is a horrible thing. Just ask anyone that has ever been in the middle of it. And in this day and age governments around the world possess weapons of such incalculable power that war should be unthinkable. In future wars, we could literally see millions of people killed on a single day. Nobody should want that or look forward to that. Unfortunately, the next major regional war in [...]
Europe Has Become A Totalitarian State
The Cyprus Template
“What manner of men had lived in those days…who had so eagerly surrendered their sovereignty for a lie and a delusion?”
Cyprus is absolutely the template for Europe now. It is just that the template is far worse than what is narrowly imagined.
It is not the small nation of Cyprus nor is it that the specifics of the criminality that was transacted in [...]
Having stressed publicly that Greece was an exception and that no other rescue would impose losses on senior private creditors, European officials embarked this weekend on a controversial path for Cyprus. They did so for understandable reasons, which they will argue are unique. Yet the specifics of the rescue will bring implementation challenges that will undermine its effectiveness and may lead to negative side-effects. Read more
Title says it all, however, there’s no word on what caused this. Anyone got specifics?
Is this just a glitch, or something more ominous? Any of our UK friends care to chime in?
The group, which owns Royal Bank of Scotland, NatWest and the Bank of Ulster, apologised to its customers amid reports that they were unable to access their accounts or withdraw money.
The crash comes just months after a computer [...]
February 4, 2013
In a bit of news that will shock just about no one, the Obama administration did a legal review over what it’s allowed to do in making use of “cyberweapons,” and concluded that it has “broad powers” to do all sorts of stuff. The specifics, of course, will remain classified:
‘That decision is among several reached in recent months as the administration moves, in the next few weeks, [...]
President Barack Obama is expected to lay out his principles for immigration reform in a speech in Las Vegas today that will include a potentially quicker path to citizenship than the bipartisan plan a group of senators unveiled earlier this week.
The president will offer some new details about the White House’s immigration reform plan, which expands on a blueprint it released in 2011, a senior administration official told ABC News. But for [...]
Perhaps the most interesting part is where he talks about specifics that are holding the economy back still.
“Recently, the housing market has shown some clear signs of improvement, as home sales, prices, and construction have all moved up since early this year. These developments are encouraging, and it seems likely that, on net, residential investment will be a source of economic growth and new jobs over the next couple of years. However, [...]
Maine Republican Party Chairman Charlie Webster is once again alleging possible voting irregularities, this time claiming that groups of unknown black people showed up in some rural towns to vote on Election Day.
Webster made the claim in a wide-ranging, post-election interview this week with Don Carrigan of WCSH-TV.
“In some parts of rural Maine, there were dozens, dozens of black people who came in and voted on Election Day,” he said. [...]
The election results made it abundantly clear that taxes are going to be going up, and right now a lot of wealthy people all over America are trying to figure out how to best position themselves for the hit that is coming. There are a whole host of tax cuts that are set to expire on December 31st, and many analysts are now speculating that we could see a [...]
Election campaigns are about promises: the more grandiose, the better.
Who can forget President Barack Obama’s June 2008 speech, telling a rapt audience that future generations would look back at his victory in the Democratic primaries as “the moment when the rise of the oceans began to slow, and our planet began to heal”?
If only he had substituted “deficit” for “oceans.”
Candidates love to promise the moon — at minimum, a [...]
Prior to the Sept. 11 attack on the U.S. consulate in Benghazi, the State Department and the Marines Corps had been discussing deploying Marines to guard the U.S. Embassy in the Libyan capital Tripoli “sometime in the next five years,” according to the Marine Corps.
The issue of security at U.S. diplomatic outposts in Libya has been front and center as Congress and others begin to investigate whether or not those [...]
Millions of GoDaddy sites taken offline by hackers
GoDaddy.com, the largest domain name registrar on the Web, has been taken offline, and a self-proclaimed member of the Anonymous hacktivism collective is taking responsibility.
The administrators of GoDaddy confirmed on Monday that they were suffering from technical issues, which the website TechCrunch reports to be impacting a multitude of websites and their affiliated email accounts that are hosted through the service. Although the [...]
September 7, 2012
Washington D.C. foreign policy think tank the Center For Strategic & International Studies took a long hard look at what it really means to thwart Iran’s nuclear ambitions, what it would take, and what it could lead to in a report released yesterday.
The speculation that Israel can go it alone against Tehran remains, but the specifics of what’s required by a US attack to put the [...]
The question at the core of America’s upcoming election isn’t merely whose story most voting Americans believe to be true – Mitt Romney’s claim he can pull it out of its stall because he’s a businessman who has turned around failing companies, or Barack Obama’s claim the economy is slowly mending from the worst downturn since the Great Depression because his approach is working.
If that were all there was [...]
We’ll need to start talking about Greece again pretty soon.
It hasn’t been at the front of anyone’s mind in awhile, and that’s in large part because Europe is shut down for the month, but come September, the question of Greece’s fate in the Eurozone will become an issue again.
In a recent note, Dan Greenhaus at BTIG wrote:
A few clients have asked for some specifics surrounding our “fall nervousness” related to Greece [...]
Ron Paul’s signature Audit the Fed legislation finally passed the House; on July 25, the House bill was passed 327 to 98. But the chances of a comprehensive audit of monetary policy — including the specifics of the 2008 bailouts — remain distant.
Why? Well, the Fed doesn’t seem to want the sunshine. Critics including the current Fed regime claim that monetary policy transparency would politicize the Fed and compromise [...]
Delta Air Lines Inc. (DAL) is working with investigators in the U.S. and the Netherlands after objects that appeared to be sewing needles were found in sandwiches on four flights from Amsterdam to the U.S. yesterday.
One person was injured and declined medical treatment after a flight landed in Minneapolis, Kristin Baur, a Delta spokeswoman, said in an interview today. The incident is being investigated by the U.S. Federal Bureau of Investigation and officials in [...]
Peter Schiff, Euro Pacific Capital
The media is now fixated on an apparently new feature dominating the economic landscape: a “fiscal cliff” from which the United States will fall in January 2013. They see the danger arising from the simultaneous implementation of the $2 trillion in automatic spending cuts (spread over 10 years) agreed to in last year’s debt ceiling vote and the expiration of the Bush era tax cuts. The economists to whom most [...]
The idea of the Pro version has me very interested. If the said device is capable of running standard windows based application like said ie Office, Photoshop like they are on my PC / Laptop. Depending on the actual specs of the device this could make this device open to a very wide array of uses, that could compete with Android and the iPads iOS on another level in my [...]
Earlier today, I quoted Sherrod Brown making an expansive case that, yes, government does create jobs, and Dems should say so loudly and often. “During the fifties, the sixties, the seventies, the eighties, the United States had great infrastructure programs,” Brown said. “We were the envy of the world. Those are clear formulaic job creating strategies that we know.”
Mike Tomasky comments:
Whenever I read something like this, what I wonder is, why isn’t there [...]
WASHINGTON — Soon after lawmakers finished work on the nation’s new financial regulatory law, a team of JPMorgan Chase lobbyists descended on Washington. Their goal was to obtain special breaks that would allow banks to make big bets in their portfolios, including some of the types of trading that led to the $2 billion loss now rocking the bank.
Several visits over months by the bank’s well-connected chief executive, Jamie Dimon, [...]
An elderly woman in Boston claims she was robbed of her life savings – because her alleged robbers hypnotised her to hand them over.
The woman, 57, who was not named by authorities, told police that three Asian women approached her while she was shopping in Boston’s Chinatown neighbourhood.
She then claims the women told her in Cantonese to go back home, fill a bag with her cash, jewellery, and her passport, [...]
A 13-year-old boy has outsmarted staff at New York’s Metropolitan Museum of Art after quickly pointing out an error in one of their exhibits’ maps.
Benjamin Lerman Coady, a seventh grader at Renbrook School in West Hartford, Connecticut, who reads ahead in his school’s history textbooks, told the Hartford Courant that he recognized the mistake on his first visit to the museum last summer.
Originally he thought the museum would be a walk through of ‘just [...]
From Economic Policy Journal:
Here are the details surrounding my speech at the New York Federal Reserve Bank. First, I am surprised it actually occurred. Someone at the NY Fed tried to kill my speaking there as soon as he heard about my invitation.
Reaction inside the New York Fed to news of the invitation for me to speak was, indeed, fast and furious, once it became public inside the bank.
I am [...]
“Now on Sunday night Romney was here in Palm Beach for a big fundraiser. Word has leaked out about some of the things that he said to the donors.
These are things that he’s not said publicly in terms of specifics on policy, and one of the things that he talked about was a tax plan.
He wants to lower rates but eliminate some deductions for the rich.
And I have to tell [...]
Update 2: As of seconds ago, the auction has been removed from Ebay. Bavaria Sachs must have gotten wind, and after realizing someone would sneak away its latest colonial acquisition for a few thousand bucks, complained to John Donahoe
Update: looks like GETCO or some crazy BATS algo has been unleashed on the auction. Either that, or Brian Sack has found a calm, quiet, non-extradition venue where he will not be [...]
Here’s an outstanding Bloomberg article that everyone should read, that should scare the shit out of anyone who is wondering how long the debt disaster that The Federal Reserve & The Federal Government have now already created can be ignored before it inevitably rears its quite ugly head (hint: not long, and there are compelling specifics as to the “when” moment arrives).
Here’s a teaser excerpt:
Four Numbers Add Up to an [...]