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News & Current Events
07-26-2013, 09:38 AM
Post: #436
RE: News & Current Events (updated daily)
http://www.nakedcapitalism.com/2013/07/m...erity.html

"Michael Hudson was so incensed by what he called a “Blairesque” speech by Obama on Wednesday that he took it upon himself to comment on its all-too-frequent sleights of hand and outright fabrications. However, you’ll also notice that the speech contained so much bullshit (in the Harry Frankfurter sense of indifference to the truth) that eventually Hudson’s comments thin out a bit.

The original speech is in black. Hudson’s remarks are in red. You’ll see he took mercy on you and edited the speech down a bit and also bolded some of the, erm, remarkable parts. I’ve added a few observations, in blue. I hope readers in comments will join in the fun by extracting sections or phrases from the speech and explaining what they really mean.

The worst is that Obama apparently plans a series of Big Lie speeches on his “vision for rebuilding an economy that puts the middle class — and those fighting to join it – front and center.” That’s at best an afterthought, since he’s given the economy over to an at best indifferent and at worst predatory elite that have no interest in giving it back.

President Barack Obama returned to Knox College in Galesburg, Ill., Wednesday to discuss his plans for boosting the middle class. Here are Mr. Obama’s remarks, as prepared for delivery:"
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07-26-2013, 05:31 PM (This post was last modified: 07-26-2013 05:31 PM by Megatherium.)
Post: #437
RE: News & Current Events (updated daily)
Blair was some kind of high bullshit wizard. He possessed a level of bullshit-ability that we're unlikely to ever see again. Watching him touring the English countryside bullshitting the common folk before his media entourage was always strangely fascinating, and, of course, at the same time, absolutely chilling. You got the sense that, had things worked out differently, that man could have been a very cheerful serial killer.

dead soul
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07-26-2013, 06:44 PM (This post was last modified: 07-26-2013 06:45 PM by superCalo.)
Post: #438
Re: News & Current Events (updated daily)
It was his spin doctor, the name slips my mind now, but he made Blair, a true master of the dark arts, official title press Secretary or similar

at length did cross an albatross
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07-30-2013, 02:23 PM
Post: #439
RE: News & Current Events (updated daily)
Jay-Z’s “Magna Carta” Mobile App Collects an Insane Amount of Data From its Users

http://vigilantcitizen.com/latestnews/ja...operation/

hilarious. jay-z partnered with samsung . total sell out
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07-31-2013, 06:07 AM
Post: #440
RE: News & Current Events (updated daily)
The Murder of Sunny Sheu
This blog is a repository of documentation regarding the death of Mortgage Fraud victim and anti-corruption activist Sun Ming (Sunny) Sheu, and the ensuing cover up by law enforcement including the NYPD and Queens DA. There are many pages on this site that are not visible on the opening page. Please use the "SEARCH" function to locate articles of interest regarding this case.

http://sunnysheu.blogspot.com
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08-04-2013, 01:41 AM
Post: #441
RE: News & Current Events (updated daily)
Gay Americans should be focused on Russia

http://dailycaller.com/2013/07/10/gay-am...n-russia/#

read the comment section. very interesting.
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08-04-2013, 02:14 AM
Post: #442
RE: News & Current Events (updated daily)
http://www.foxnews.com/politics/2013/08/...-language/

Government workers in the city of Seattle have been advised that the terms 'citizen' and 'brown bag' are potentially offensive and may no longer be used in official documents and discussions.

KOMO-TV reports that the city's Office of Civil Rights instructed city workers in a recent internal memo to avoid using the words because some may find them offensive.

And this:

"Seattle, however, isn't the only city with an eye on potentially disruptive words.The New York Post reported in March 2012 that the city's Department of Education avoids references to words like 'dinosaurs', 'birthdays'. 'Halloween' and dozens of other topics on city-issued tests because they could evoke "unpleasant emotions" among the students.
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08-04-2013, 02:23 AM
Post: #443
RE: News & Current Events (updated daily)
Apple faces 5-year ban for e-book price rigging conspiracy

Aug. 2, 2013 at 11:22 AM ET

epa03734735 (FILE) File picture dated 11 January 2013 of customers at the Apple store at Grand Central Station in New York, New York, USA. According t...
Andrew Gombert / EPA
An Apple store at Grand Central Station in New York, Jan 11, 2013. The Department of Justice is recommending sanctions against the company for colluding with publishers to rig the price of e-books.
Apple should be banned from entering anti-competitive e-book distribution contracts for five years and should end its business ties with five publishers with which it conspired to raise e-book prices, federal and state regulators said on Friday.

The U.S. Department of Justice and 33 U.S. states and territories proposed those sanctions after a federal judge in New York found in a civil antitrust case last month that Apple played a "central role" in a conspiracy with the publishers to raise e-book prices.

Regulators also want Apple to let retailers such as Amazon.com Inc and Barnes & Noble provide links to make it easier for consumers to compare prices.

They also want Apple to use an outside monitor to ensure that its internal antitrust compliance policies are strong enough to catch illegal conduct before consumers are harmed. The proposed changes require the approval of Judge Denise Cote.

"Under the department's proposed order, Apple's illegal conduct will cease, and Apple and its senior executives will be prevented from conspiring to thwart competition," said Bill Baer, head of the Justice Department's antitrust division.

Apple did not immediately respond to requests for comment. It has said it did not conspire to fix e-book prices and that it planned to appeal last month's court decision.

Regulators accused Apple of conspiring to undercut Amazon.com's e-book dominance, causing some prices to rise to $12.99 or $14.99 from the $9.99 that Amazon.com was charging.

They said the alleged collusion had begun in late 2009 and continued into early 2010, as Cupertino, California-based Apple was launching its popular iPad tablet.

The publishers were Hachette Book Group, HarperCollins, Penguin Group (USA), Simon & Schuster and Macmillan.

Only Apple went to trial, while the publishers agreed to pay more than $166 million for the benefit of consumers.

A hearing to discuss remedies is scheduled for Aug. 9. Judge Cote has said she also plans to hold a trial on damages.
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08-04-2013, 10:03 AM
Post: #444
RE: News & Current Events (updated daily)
http://www.bloomberg.com/news/2013-08-02...irees.html

"U.S. investigators uncovered evidence that banks reaped millions of dollars in trading profits at the expense of companies and pension funds by manipulating a benchmark for interest-rate derivatives.

Companies, pension funds and investment firms from Calpers, the largest U.S. pension, to Newport Beach, California-based Pimco, manager of the world’s biggest mutual fund, use the kind of derivatives at the heart of the ISDAfix probe to hedge against losses or to speculate on interest-rate fluctuations.

Recorded telephone calls and e-mails reviewed by the Commodity Futures Trading Commission show that traders at Wall Street banks instructed ICAP Plc brokers in Jersey City, New Jersey, to buy or sell as many interest-rate swaps as necessary to move the benchmark rate, known as ISDAfix, to a predetermined level, according to a person with knowledge of the matter.

By rigging the measure, the banks stood to profit on separate derivatives trades they had with clients who were seeking to hedge against moves in interest rates. Banks sought to change the value of the swaps because the ISDAfix rate sets prices for the other derivatives, which are used by firms from the California Public Employees’ Retirement System to Pacific Investment Management Co., said the person, who asked not to be identified because the details aren’t public.

That may run afoul of the 2010 Dodd-Frank Act, which bars traders from intentionally interfering with the “orderly execution” of transactions that determine settlement prices.

The phone calls and e-mails emerging since Bloomberg News first reported in April on the rigging of ISDAfix add to growing evidence that banks have gained financially by distorting key financial gauges in world markets on everything from interest rates to currencies to commodities.

The revelations show the manipulation of the London interbank offered rate, or Libor, a benchmark for $300 trillion of securities, may be the tip of the iceberg.

While the indexes under scrutiny are little known to the public, their influence extends to trillions of dollars in securities and derivatives. Britain’s markets regulator is looking into the currency market, where $4.7 trillion is exchanged each day, after Bloomberg News reported in June that traders have manipulated key rates for more than a decade.

“ISDAfix, more obscure than Libor, has the potential to affect more people’s lives” because it’s used by pension funds to hedge portfolio risks and by most companies or users of fixed-income derivatives, said Jack Chen, a financial consultant in New York who has written about the swaps benchmark and Libor for SFC Associates, a financial consulting firm specializing in litigation matters.

“In three years, ISDAfix will be the bigger story and could be potentially bigger than Libor in terms of damages,” he said."
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08-04-2013, 02:27 PM
Post: #445
RE: News & Current Events (updated daily)
^ conspiracy realists will continue to be right.

Nearly everything is rigged.

almost everything people think they know is either distorted or fake.
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08-05-2013, 11:48 PM
Post: #446
RE: News & Current Events (updated daily)
(08-04-2013 01:41 AM)EVILYOSHIDA Wrote:  Gay Americans should be focused on Russia

http://dailycaller.com/2013/07/10/gay-am...n-russia/#

read the comment section. very interesting.

Lots of ignorance in this comments, but plenty of people who seem to know whats up, so that is encouraging.

I guess it didn't matter whether we elected Clinton or Trump.
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08-06-2013, 11:51 AM
Post: #447
RE: News & Current Events (updated daily)
250,000 lab grown burger. tastes like shit



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08-08-2013, 07:57 PM
Post: #448
RE: News & Current Events (updated daily)
(07-26-2013 05:31 PM)Megatherium Wrote:  Blair was some kind of high bullshit wizard. He possessed a level of bullshit-ability that we're unlikely to ever see again. Watching him touring the English countryside bullshitting the common folk before his media entourage was always strangely fascinating, and, of course, at the same time, absolutely chilling. You got the sense that, had things worked out differently, that man could have been a very cheerful serial killer.

I think we have all neglected to note that you have a wonderful turn of phrase sir.
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08-14-2013, 04:22 AM
Post: #449
RE: News & Current Events (updated daily)
Elon Musk's Hyperloop: More Silicon Valley Hype Than Practical Transit

[Image: 112501_story__hyppage.JPG]
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08-14-2013, 04:22 AM
Post: #450
RE: News & Current Events (updated daily)
http://www.carbonated.tv/news/elon-musks...al-transit
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