Montag, 3. August 2009

Bonuses Were Substantially Greater Than The Banks' Net Income

NY AG: Banks Paid Bonuses That Were Substantially Greater Than The Banks' Net Income

The report says that combined, these three firms earned $9.6 billion, paid bonuses of nearly $18 billion, and received TARP taxpayer funds worth $45 billion. Why did this happen? Because, according to Cuomo, when times were good the bankers rewarded themselves based on performance. When the economy started to sour - they decoupled the bonus structure from reality and kept rewarding themselves.

Trader on Bloomberg says markets are manipulated and volumes 'ficticious'


Joe Saluzzi talks on Bloomberg and explains how machine trading is distorting the financial markets.

Prolonged aid to unemployed is running out

1.5 million could lose benefits by end of year, according to group's research.

Pay attention to your pension because you may lose it

The drive to dismantle the welfare state has a new target. Governments have already gutted unemployment insurance and social assistance. Out-of-date labour laws make it tough to organize unions in the new, decentralized, service-based economy. Now, thanks in large part to the dynamics of the recession, pensions are under attack.

Shuttered factories, shattered lives in US rust belt: Long lines at the unemployment offices

Empty shelves at the food banks. Boarded up businesses. Homes lost to foreclosure, their contents strewn on the street.

From Information Clearing House



Banking Bandits Get Their Reward - By now everybody must know that the top banking executives responsible for our economic meltdown have no shame. Otherwise they would not have dared give themselves such hefty bonuses as a deeply perverse reward for actions that caused millions of Americans to lose their jobs and homes. But that also speaks volumes about the inefficiency of a system of rewards that has nothing to do with performance.

Mousavi says trial confessions 'forced by torture'

Iranians shocked at TV 'confessions'

The images shocked many Iranians. Senior politicians, some of whom only recently held high office, paraded on television and forced to "confess" their role in what the regime has called a "velvet coup".

Mousavi says trial confessions 'forced by torture'

In his first response to the airing of the mass trial, Mousavi said in a statement issued Sunday that the proceedings was "forced, un-Islamic and a sham."

From Information Clearing House

How many civilian deaths are acceptable?

The ghosts have returned in Afghanistan and Pakistan. As evidence, one can note the persistent pattern in which villagers, elders, and the Afghan and Pakistan governments cite high mortality figures, while the Americans engage in delay, denial, investigations of their own, and finally declare that the civilian casualties are far fewer than initially claimed.

From Information Clearing House

UK:" Afghan war could last 'for decades'

Sir Nigel Sheinwald, the ambassador to Washington, warned Britain faced a 'long-term commitment' in the country.

From Information Clearing House

Skip the Happy Talk: This Depression Is Just Beginning

By Mike Whitney

How many hundreds of banks are being kept on life-support because the FDIC is down to its last few farthings and doesn't want to ignite a panic?

So Much for the Promised Land

By Chris Hedges

Elite African-American figures, Baker argues, long ago placed personal gain and career advancement over the interests of the black majority. They espouse positions that are palatable to a white audience, positions which ignore the radicalism and structural critiques of inequality by W.E.B. Du Bois, Martin Luther King Jr. and Malcolm X. And in a time when, as the poet Yusef Komunyakaa has said, "the cell block has replaced the auction block," they do not express the rage, frustration and despair of the black underclass.

A Day of Reckoning for Bush's 'Torture' Lawyers

By Ronald Sokol

Under even the most dire conditions, there is a gold standard when it comes to applying the rule of law. It was set 65 years ago by a former attorney general of the United States. At issue today is whether the current attorney general will uphold that standard.

Bowing to US's 'Naked Political Power'

By Clive Stafford Smith

Suppressing evidence of torture, as the US is asking Britain to do in the Binyam Mohamed case, is a criminal offence.

UK Government To Install Surveillance Cameras In Private Homes

State to spy on parents, make sure kids go to bed on time, attend school

Paul Joseph Watson
Monday, August 3, 2009

The UK government is about to spend $700 million dollars installing surveillance cameras inside the private homes of citizens to ensure that children go to bed on time, attend school and eat proper meals.


Data grab insanity

Greece To Enforce Mandatory Swine Flu Vaccinations

No exceptions to immunization of 12 million, says health minister

Paul Joseph Watson
Monday, August 3, 2009

Greece has become the latest country to announce it will enforce a mandatory swine flu vaccination program, despite fears about the jabs containing mercury and squalene.

Torturing Children: Bush's Legacy and Democracy's Failure

Henry A. Giroux, Truthout: "Nowhere is there a more disturbing, if not horrifying, example of the relationship between a culture of cruelty and the politics of irresponsibility than in the resounding silence that surrounds the torture of children under the presidency of George W. Bush - and the equal moral and political failure of the Obama administration to address and rectify the conditions that made it possible. But if we are to draw out the dark and hidden parameters of such crimes, they must be made visible so men and women can once again refuse to orphan the law, justice, and morality."

President Carter: Many Children Were Tortured Under Bush

Ralph Lopez, "While Congress says it is gearing up to investigate what is old news, that CIA and Special Ops forces are killing al-Qaeda leaders, a decision of far different gravity is being contemplated by Attorney General Eric Holder. The new insistence of Congress on its oversight role, conspicuously absent throughout eight years of Bush, is suddenly rearing its head in the form of questioning a policy which has been in place with no controversy for years. The US has been hunting and killing al-Qaeda leaders outside of official war zones since 2004, when The New York Times reported that Secretary of Defense Donald Rumsfeld had signed an order authorizing Special Forces to kill al-Qaeda where they found them."

Zwangsarbeit als Abschreckung? Das Elend der Workfare-Konzepte

Daumenschrauben bringen keine Jobs.

Protest meeting in fight against phone mast

Aug 3 2009 by Dave Fox, Crewe Chronicle

RESIDENTS are being invited to a protest meeting tonight (Monday) to fight a council decision to approve an O2 mobile phone mast on the corner of Valley Road and Readesdale Avenue in Crewe.


Tamiflu/Relenza Adverse Reactions Double In A Week

Scientists Must be Held Responsible and Protected by Law

“Culturally sensitive” imperialism

by Justin Raimondo


In Britain, they’re getting antsy about Obama’s war — the ‘Af-Pak war, that is. Without the poodle Tony Blair to cover for us, Britain’s ruling Labor Party — decisively smacked down in the recent elections to the European parliament — is grumbling about being stampeded by the United States into fighting another unpopular war. The House of Commons Foreign Affairs committee is complaining that the joint U.S.-NATO mission in Afghanistan is degenerating into a strategic disaster — or, as they put it, has become ‘considerably more difficult than might otherwise have been the case’ — and it’s all our fault. That may very well be true, but one has to ask: faced with an essentially impossible task like subduing the Afghans, under what circumstances would the effort have been any less difficult? Well, the Brits have a few suggestions to make...

Informant: Thomas L. Knapp


US to Seek More British Troops for Afghanistan

Patrick Wintour and Richard Norton Taylor, The Guardian UK: "Britain will come under fresh pressure to send more troops to Afghanistan this month when General Stanley McChrystal, the Nato commander in the country, tells President Barack Obama that a further troop surge by the military alliance is necessary."

Man takes on council over tower

By RHONDA MARKBY - The Timaru Herald

A Timaru man unhappy about a cellphone tower being installed near his home is taking the Timaru District Council to the Environment Court.

At a hearing in August, Bruce Spiers will ask the court to rule that the district council incorrectly interpreted its own district plan when it allowed a cellphone tower to be installed in a residential area.

A 10-metre pole and equipment cabinet was installed on the grass median of Craigie Avenue early last year without public consultation.

Mr Spiers can see the tower from his kitchen window. He approached the council at the time it was installed but with no success.

He is now asking the Environment Court for a declaration relating to cellphone sites in all of the Timaru District's residential zones.


Informant: Martin Weatherall

Government's Killer Robots

Balkan-Style Inflation

Golden Umbrellas in an Economic Downpour

Enlisting in the Military and the Decision To Kill

Saving Our Brave, New World


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