(Concept from David Neiwert)
This is what Israel is doing to Gaza neighborhoods:
UPDATE: The original link stopped working so I uploaded the video to my Google Drive account and made it shareable.
Tuesday, July 29, 2014
Monday, July 28, 2014
Rush Limbaugh, Sean Hannity and I presume many other gasbags have been openly taking the side of Israel/Netanyahu against Pres. Obama and I thought there would be a few "CCs" who would object to their positions but I haven't come across any.
This headline from Beck's The Blaze unintentionally proves that Beck is a quack:
The Bubble Glenn Beck Predicted in 2008 That He Says Is Now on the Horizon
Jul. 28, 2014 3:43pm Erica Ritz
Posted by Steve J. at 2:53 PM
If you rely on FOX News, you probably never heard about it in the first place because FOX does almost everything it can to defend the Free Market Fairy. Fortunately, we have other sources:
Lloyds Bank Settles With US, UK Over Market FixingI hope at least one of the 9 gets a prison term.
LONDON — Jul 28, 2014, 3:04 PM ET
By DANICA KIRKA and MARCY GORDON Associated Press
Lloyds Banking Group is paying $369 million to U.S. and British authorities to settle allegations it manipulated a key global interest rate. The U.S. and British regulators said Lloyds attempted to manipulate, and in some cases succeeded, in manipulating the London interbank offered rate, known as LIBOR.
British banks Barclays and Royal Bank of Scotland, Switzerland's biggest bank, UBS, and Rabobank of the Netherlands have also been fined for LIBOR rigging. Nine individuals have been criminally charged by the Justice Department. The settlements with Lloyds bring the banks' total payments to date to nearly $4 billion.
Posted by Steve J. at 2:47 PM
and that's a good thing. I was talking with a guy who lives in my apartment building and he was strongly opposed to any raise in the minimum wage because it would greatly increase the cost of living. His prime example was from 2008 when the price of gasoline broke $4/gallon but the increase in the Federal minimum wage occurred months after the increase in gasoline prices and in 2008 the increase in Arizona was only from 6.75 to 6.90. The real cause of the 2008 increase was speculation.
Posted by Steve J. at 2:23 PM
Saturday, July 26, 2014
Many highly-placed Americans opposed Pres. Truman's decision to recognize Israel and this is perhaps the most compelling argument:
But opposition really came from an even more formidable group: the "wise men" who were simultaneously creating the great Truman foreign policy of the late 1940s -- among them [George] Marshall, James V. Forrestal, George F. Kennan, Robert Lovett, John J. McCloy, Paul Nitze and Dean Acheson. To overrule State would mean Truman taking on Marshall, whom he regarded as "the greatest living American," a daunting task for a very unpopular president.
"There are thirty million Arabs on one side and about 600,000 Jews on the other," Defense Secretary Forrestal told Clifford. "Why don't you face up to the realities?"
Posted by Steve J. at 5:46 PM
Friday, July 25, 2014
Michael Harris was interviewed by the Boston Herald and this passage is interesting:
As for ratings, WTKK’s former talk competitor, WRKO-AM (680), was in a dismal 25th place during the spring ratings period among coveted 25- to 54-year-old listeners. WBUR-FM (90.9) was 14th, while its NPR competitor, WGBH-FM (89.7), was 17th. News station WBZ-AM (1030) was 15th.WRKO carries Limbaugh and Mark Levin.
Posted by Steve J. at 7:35 PM
But as Orwell stated, "In a time of universal deceit - telling the truth is a revolutionary act."
Ex-FBI director warns that Gaza violence will fuel al-Qaida threat
By Michael Isikoff 6 hours ago Yahoo News
Former FBI Director Robert Mueller warned that the current violence in Gaza will inflame anti-U.S. sentiment in the region and exacerbate an increasingly dangerous terror threat to the U.S.
"We cannot forget that what's happening in Gaza today will feed and fuel the desire for many more to join radical groups," Mueller said, speaking at the Aspen Security Forum on Friday.
Posted by Steve J. at 6:50 PM
Thursday, July 24, 2014
Glenn Beck falsely accused a Saudi college student of being deeply involved in the Bostonn Marathon despite the fact that the student was cleared by the investigators. The student sued for defamation and Beck's lawyer is trying to wiggle out of the charge by claiming the student is a "public figure." Of course, the student never was a public figure so I'm looking forward to the success of the students law suit.
I used to think his segments about the effects of a solar storm were typical Coast to Coast AM ghost stories but a study by the National Academies of Science found that the damage to the electrical system as described by Noory is plausible.
Posted by Steve J. at 1:56 PM
Wednesday, July 23, 2014
(h/t David Weigel)
At the CUFI conference, Cruz said this:
Here's the news about the enriched uranium:
At the CUFI conference, Cruz said this:
"Give up the centrifuges," said Cruz. "Hand over the enriched uranium—all of it. Shut down the ICBM program."
Here's the news about the enriched uranium:
Iran completes process of eliminating enriched uranium
20 July 2014 Last updated at 20:06 ET
Iran has turned all of its enriched uranium closest to the level needed to make nuclear arms into more harmless forms, the UN nuclear agency says.
The conversion of its stock of 20%-enriched uranium was part of a deal to curb Iran's nuclear programme.
The US said last week it would unblock $2.8bn in frozen Iranian funds in return for Iran's compliance.
Posted by Steve J. at 11:10 PM
The headline - "John Kerry defies FAA ban, flies into Israel to push for cease-fire" - is mistaken because the FAA ban only applies to US commercial flights and Kerry rode on a USAF plane. This is from the CBS news article:
Kerry flew into Tel Aviv on an Air Force jet one day after the FAA banned commercial flights into Ben-Gurion International Airport.
Posted by Steve J. at 9:17 PM
Except for David Weigel at Slate, no one seems to have covered the maniacs at the latest CUFI conference. Considering that 4 US senators (Cruz, Inhofe, Graham and Tim Scott) spoke at this conference, it should have been covered by at least a couple of MSM political reporters, and especially foreign affairs reporters considering these statements by Pastor Hagee:
“I’ll bless those that bless you and I’ll curse those that curse you,” said Hagee, quoting from the book of Genesis. “That’s God’s foreign policy statement, and it has not changed.”
The objective of Hamas, said Hagee, “is to win the media war with dead civilians. We’ve come to Washington to ask our government to stop demanding for Israel to show restraint.”
Posted by Steve J. at 7:53 PM
That should be the 1st Law of Capitalism and even Adam Smith recognized this flaw almost 250 years ago:
People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.Today we have investment banks taking the place of individual traders, as Matt Taibbi pointed out last February:
The Wealth of Nations, Book I, Chapter X
The Vampire Squid Strikes Again: The Mega Banks' Most Devious Scam YetThe aluminum rigging was almost child's play for the banksters:
By Matt Taibbi
February 12, 2014 11:00 AM ET
Today, banks like Morgan Stanley, JPMorgan Chase and Goldman Sachs own oil tankers, run airports and control huge quantities of coal, natural gas, heating oil, electric power and precious metals. They likewise can now be found exerting direct control over the supply of a whole galaxy of raw materials crucial to world industry and to society in general, including everything from food products to metals like zinc, copper, tin, nickel and, most infamously thanks to a recent high-profile scandal, aluminum.
A Shuffle of Aluminum, but to Banks, Pure Gold
By DAVID KOCIENIEWSKI
Published: July 20, 2013
MOUNT CLEMENS, Mich. — 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.
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.
Posted by Steve J. at 7:09 PM
Tuesday, July 22, 2014
His analysis here doesn't even reach the superficial:
Marco Rubio made the single best argument against Hillary Clinton’s presidential prospects todayALL conservatives by fact and by definition are politics past.
By Chris Cillizza July 22 at 11:46 AM
The point Rubio is driving at is that Clinton is politics past, not politics future
Posted by Steve J. at 5:59 PM
Before I begin, I don't think John McCain should be on the Senate Permanent Subcommittee on Investigations because he's ignorant & cranky. This time he doesn't seem to have gummed up the investigation but that's probably only because he was re-elected in 2012. The leverage allowed under this scheme is clearly a threat to the general economy.
Senate Inquiry Faults Hedge Funds’ Tax Strategy
By ALEXANDRA STEVENSON
July 21, 2014 5:13 pm
“These banks and hedge funds involved in this case used dubious structured financial products in a giant game of ‘let’s pretend,’ costing the Treasury billions and bypassing safeguards that protect the economy from excessive bank lending for stock speculation,” said Senator Carl Levin, the Michigan Democrat who is chairman of the Senate subcommittee.
The basket options under scrutiny were structured as accounts that allowed hedge funds to bypass taxes on short-term trades. Barclays and Deutsche Bank used the options to build special accounts for their hedge fund clients in their own names and claimed they owned the assets when it was, in fact, the hedge fund clients that exercised full control of the assets, determining each trade and reaping all the profits, the Senate investigation found.
The basket options were also structured to allow hedge funds to borrow greater amounts of money to trade, far exceeding the federal leverage limits for Wall Street firms that are broker-dealers; these limits were first enacted in the 1930s. Hedge funds, which are not regulated as broker-dealers are, borrow money to help amplify their returns.
Under the average brokerage account, investors are allowed to borrow only $1 for every $2 in the account. Within these complicated financial structures, Renaissance Technologies was able to borrow as much as $17 for every $1 in the account.
Posted by Steve J. at 5:29 PM