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Friday July 19, 2013
News Articles

Detroit's Bankruptcy: 40% of Street Lights Don't Work, 66% of Ambulances Out of Service
WSJ | author | 07/19/13

Detroit's bankruptcy petition paints a bleak picture for the Motor City: more than 100,000 creditors, more than $18 billion in accrued obligations and a homicide rate that is at its highest level in nearly 40 years. ... Read more

Detroit's Creditors and Unions Prepare for Bankruptcy Fight
NYTimes | Monica Davey | 07/19/13

DETROIT -- A day after Detroit became the largest American city ever to seek bankruptcy protection in court, the size of the battle this city now faces was growing clear, as creditors vehemently objected to the way Detroit is asking to repay them pennies on the dollar and as representatives of city workers, who face benefits cuts, said the city had failed to truly negotiate before heading to court.

"The fiscal realities confronting Detroit have been ignored for too long," Gov. Rick Snyder said on Thursday as he authorized Detroit's bankruptcy filing after a recommendation from Kevyn D. Orr, the emergency financial manager Mr. Snyder, a Republican, had appointed to resolve the city's dire financial situation. "I'm making this tough decision so the people of Detroit will have the basic services they deserve and so we can start to put Detroit on a solid financial footing that will allow it to grow and prosper in the future." ... Read more

Financial Industry

Glass--Steagall Act
Wikipedia | author | current

Robert Kuttner, Joseph Stiglitz, Elizabeth Warren, Robert Weissman, Richard D. Wolff and others have tied Glass-Steagall repeal to the 2007s financial crash.

The Glass--Steagall Act is a term often applied to the entire Banking Act of 1933, after its Congressional sponsors, Senator Carter Glass (D) of Virginia, and Representative Henry B. Steagall (D) of Alabama. The term Glass--Steagall Act, however, is most often used to refer to four provisions of the Banking Act of 1933 that limited commercial bank securities activities and affiliations between commercial banks and securities firms. This article deals with that limited meaning of the Glass--Steagall Act. A separate article describes the entire Banking Act of 1933.

Starting in the early 1960s federal banking regulators interpreted provisions of the Glass--Steagall Act to permit commercial banks and especially commercial bank affiliates to engage in an expanding list and volume of securities activities By the time the affiliation restrictions in the Glass--Steagall Act were repealed through the Gramm--Leach--Bliley Act of 1999 (GLBA), many commentators argued Glass--Steagall was already "dead". ...
Read more on Glass_steagall
Read more on Gramm--Leach--Bliley Act

*Bill to Repeal Glass Steagall 1999 - Click to zoom

25 People to Blame for the Financial Crisis
Time Magazine | author | date

The good intentions, bad managers and greed behind the meltdown ... Read more

<<= Real Criminals


*Big Banks, Flooded in Profits, Fear Flurry of New Safeguards
NYTimes | Peter Eavis | 07/19/13

The nation's six largest banks reported $23 billion in profits in the second quarter, but they could end up victims of their own success.   In recent weeks, the Treasury Department, senior regulators and members of Congress have stepped up efforts intended to make the largest banks safer. The banks have warned that more regulation could undermine their ability to compete and curtail the amount of money they have to lend, but the strong earnings that came out over the last week could undercut their argument.

Gee, I wonder why the "Too Big To Fail" banks are making such profits. How about getting money from the FED below 1% and issuing Credit Cards with interest rates of 30%. How about the Carry Trade where the big banks put the money in other countries banks that give an interest rate of 7-9% and banking the difference?
Read more

*Bernanke "The Only Game in Town": REALLY?
ZeroHedge | author | 07/19/13

Last year, Senator Schumer (Democrat, N.Y.) famously told Fed chairman Ben Bernanke "You are the only game in town." Really, Senator? What about the real economy? Bernanke and the Fed's machinations are indeed the only game in town for the parasitic financiers, but unnoticed by the Senator, America's real economy is innovating away from the dead hand of the Fed and its toxic spew of free money to the predatory class.

There's actually three games in town: the financier game the Fed is playing that will end in collapse, the Federal government's borrow-and-blow trillions of dollars game that will also end badly, and the real economy, where millions of people don't give a rat's rear-end about Bernanke's latest attempt to placate the financial Monster Id he has created. ... Read more

The Next FED Bubble - Click to zoom



DemocracyNow Daily News
Democracy Now! U.S. and World News Headlines for Friday, July 19 [13:40]
*DN | "The Act of Killing": New Film Shows U.S.-Backed Indonesian Death Squad Leaders Reenacting Massacres (07/19/13) [11:51]
TRNN News
*TRNN | Chris Hedges: if the American Left bears responsibility for the weakness of the mass movement; Hedges says the gravest mistake of the left is not articulating a viable vision of socialism (07/19/13) [18:52]
MSNBC Chris Hayes - All In
Chris Hayes | Does Rolling Stone cover give Boston suspect rock star treatment? (07/18/13) [5:11]
*Chris Hayes | Obama campaignng to sell "The Affordable Care Act" (07/18/13) [6:38], Part 2 [6:33]
MSNBC Rachel Maddow
Rachel Maddow | Former CIA Italian Station Chief detained in Panama (07/18/13) [4:54]
*Rachel Maddow | Gun lobby's power in Florida an obstacle to "Stand Your Ground" reform. Also ALEC (07/18/13) [17:11]
Rachel Maddow | Texas Gov. Perry signs anti-abortion law, probably means clinic closures (07/18/13) [10:55]
Financial Industry
Glass-Steagall Act of 1933 explained by Max Keiser & William Black & Webster Tarpley [1:54]
Who repealed the Glass-Steagall Act? [11:00]
*Fox News | Senator Elizabeth Warren Co-Sponsors Bill to Reinstate Glass Steagall - Fox Business News (07/14/13) [7:40]
Bill Moyers
*Bill Moyers | Ag-Gag Laws Silence Whistleblowers (07/10/13) [5:52]

Ag-Gag Laws Silence Whistleblowers
BillMoyers | author | 07/10/13

Muckrakers and activists have been working to expose the brutality of industrialized meat production since Upton Sinclair's writing of The Jungle in 1906. But an ALEC model bill known as "The Animal and Ecological Terrorism Act" would make it a crime to film at animal facilities -- such as factory farms or slaughterhouses -- with the intent to "defame the facility or its owner." So-called "ag-gag" laws that appear inspired by the ALEC model have been passed in several states. This report, produced by Okapi Productions, LLC and the Schumann Media Center, Inc. looks at the effect of these laws on both our food supply and our freedom of speech. ... Read more

*Bill Moyers | Distracted from Democracy (07/12/13) [56:54]
Marty Kaplan discusses media distractions that keep us from focusing on inequality, and Gary May puts American voting rights in historical context.

Across the world -- Greece, Spain, Brazil, Egypt -- citizens are turning angrily to their governments to demand economic fair play and equality. But here in America, with few exceptions, the streets and airwaves remain relatively silent. In a country as rich and powerful as America, why is there so little outcry about the ever-increasing, deliberate divide between the very wealthy and everyone else?
Diane Rehms Show
Diane Rehm Friday News Roundup - Domestic (07/19/13) [1hr]
The Senate makes a deal on filibusters. Attorney General Eric Holder attacks stand-your-ground laws. And a Rolling Stone cover of the Boston bombing suspect sparks outrage. A panel of journalists joins Diane for analysis of the week's top national news stories.
Friday News Roundup - International (07/19/13) [1hr]
A standoff continues between the U.S. and Russia over the asylum request by NSA leaker Edward Snowden. The Arab League backs a new U.S.-led Mideast peace effort. And tainted school lunches kill at least 23 children in India. A panel of journalists joins Diane for analysis of the week's top international news stories.
PBS Frontline
PBS Frontline | The Real CSI: How reliable is the science behind forensics? [53:41]
CBS 60Minutes
*60 Minutes | Angel of Death: Nearly all of the hospitals ex-nurse Charles Cullen worked at were suspicious of the serial killer. So why did his career last 16 years? (07/14/13) [14:20], Part 2 [12:32]
60 Minutes | Angel of Death, The race to save the tortoise (full episode) (07/14/13) [4:42]
Comedy
Stephen Colbert Grills Eliot Spitzer, Declares 'This Ain't Charlie Rose, Motherf**ker' (07/19/13) [16:32]

Topless Magazine Covers: The Hand Bra Awards
HP | Lauren Duca | 07/19/13

In the past few weeks alone, Shailene Woodley went topless for Interview magazine, Rita Ora went topless for GQ, Agnieszka Radwanska went topless for ESPN magazine, Elle MacPherson went topless for Bazaar, Alyssa Milano went topless for Maxim, and they all had to use their extremities for coverage, but who wore their own hands best?   For the first (and only) time ever, we bring you: The Hand Bra Awards. ... Read more

Other Videos and Documentaries I Ran Across
Note: I don't endorse any of the videos in this section.
As I construct My News Pages I constantly run across a lot of NEW videos, and since I find YouTube frustrating trying to re-find videos, I save the links in this section so I can find them again at a later time.
The Glass Steagall Act President Roosevelt signed into law was repealed. See who swept aside the banking firewall protections on the 12th of November 1999.

The Gramm-Leach-Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, is an act of the 106th United States Congress (1999-2001), signed into law by President Clinton which repealed part of the Glass-Steagall Act of 1933, opening up the market among banking companies, securities companies and insurance companies. The Glass-Steagall Act prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and/or an insurance company.

The Gramm-Leach-Bliley Act allowed commercial banks, investment banks, securities firms and insurance companies to consolidate.


07.19.2013. 10:16



Special Interest Important stuff
GOOD Shorts Videos

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GOOD Short Videos
Newer Documentaries You Might Not Have Seen

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Newer Documentaries
Documentaries You've Never Seen

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Documentaries (small | pop-up)
Documentaries (big | full screen)
Good YouTube Documentaries

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Great YouTube Docs. (small | pop-up)
Good YouTube Docs. (big | full screen)

Lindsey Graham Mashups
Lindsey Graham

Sen. Lindsey Graham (R-SC) said the quiet part aloud on why he’s still so close to former President Donald Trump: because we can use him for our goals. "President Trump has gotten people who wouldn't give me or Romney or anybody else the time of day. They believe he is on their side," the senator told the America First Agenda Summit crowd on Tuesday in Washington, D.C.

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Environment & Climate Change
Environment

The term "climate change" is often used to refer specifically to anthropogenic climate change (also known as global warming). Anthropogenic climate change is caused by human activity, as opposed to changes in climate that may have resulted as part of Earth's natural processes.

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AI - Artificial Intelligence | Machine Learning | Deep Learning
AI - Artificial Intelligence

AIArtificial intelligence (AI) is intelligence demonstrated by machines, as opposed to the natural intelligence displayed by animals including humans. AI research has been defined as the field of study of intelligent agents, which refers to any system that perceives its environment and takes actions that maximize its chance of achieving its goals.

The term "artificial intelligence" had previously been used to describe machines that mimic and display "human" cognitive skills that are associated with the human mind, such as "learning" and "problem-solving". This definition has since been rejected by major AI researchers who now describe AI in terms of rationality and acting rationally, which does not limit how intelligence can be articulated.
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Quantum mechanics | AI - Artificial Intelligence
Quantum mechanics

Quantum mechanics is a fundamental theory in physics that provides a description of the physical properties of nature at the scale of atoms and subatomic particles.  It is the foundation of all quantum physics including quantum chemistry, quantum field theory, quantum technology, and quantum information science.
Classical physics, the collection of theories that existed before the advent of quantum mechanics, describes many aspects of nature at an ordinary (macroscopic) scale, but is not sufficient for describing them at small (atomic and subatomic) scales. Most theories in classical physics can be derived from quantum mechanics as an approximation valid at large (macroscopic) scale.
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Economy, Wall Street and Banksters

Wall Street and Banksters

Wall Street is an eight-block-long street running roughly northwest to southeast from Broadway to South Street, at the East River, in the Financial District of Lower Manhattan in New York City. Over time, the term has become a metonym for the financial markets of the United States as a whole, the American financial services industry (even if financial firms are not physically located there), or New York-based financial interests.

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Intelligence Agencies/Deep State?

Intelligence Agencies/Deep State?

An intelligence agency is a government agency responsible for the collection, analysis, and exploitation of information in support of law enforcement, national security, military, and foreign policy objectives. Means of information gathering are both overt and covert and may include espionage, communication interception, cryptanalysis,.

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Daniel Ellsberg | Pentagon Papers
Daniel Ellsberg

Daniel Ellsberg and Paul Jay explore Ellsberg's latest book, The Doomsday Machine: Confessions of a Nuclear War Planner. In the introduction to the book, Ellsberg writes: "No policies in human history have more deserved to be recognized as immoral or insane. The story of how this calamitous predicament came about and how and why it has persisted over a half a century is a chronicle of human madness".

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Nukes
Nukes

Nuclear weapons have come a long way and come in all types of different sizes. Some are relatively small while others are enormous, so big they boggle the mind at what they can be capable of, i.e. the Soviet 'Tsar Bomba' is/was 3,000 times greater than the Hiroshima bomb.

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Rana Foroohar and Fall of American Business
Rana Foroohar

Ms. Foroohar says financialization delivers stagnant wages, inequality and economic crisis; the Financial Times columnist and author of "Makers and Takers" says the financial sector represents only 7 percent of the U.S. economy, but takes around 25 percent of all corporate profit while creating only 4 percent of all jobs.

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The Untold History of the United States by Oliver Stone & Petere Kuznick

The Untold History of the United States by Oliver Stone & Petere Kuznick | 2014 | 10 Episodes

Oliver Stone and American University historian Peter J. Kuznick began working on the project in 2008. Stone, Kuznick and British screenwriter Matt Graham cowrote the script. It covers "the reasons behind the Cold War with the Soviet Union, U.S. President Harry Truman's decision to drop the atomic bomb on Japan, and changes in America's global role since the fall of Communism." Stone is the director and narrator of all ten episodes.

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Kuznick Interviews

Kuznick Interviews

Historian Peter Kuznick says Eisenhower called for decreased militarization, then Dulles reversed the policy; the Soviets tried to end the cold war after the death of Stalin; crazy schemes involving nuclear weapons and the Bay of Pigs invasion of Cuba put the world of the eve of destruction - with host Paul Jay

The Untold History of the United States by Kuznick, Peter.mobi | Book | 6.99 MB

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China Valley of Tunnels

China Valley of Tunnels

A report written by a Georgetown University team led by Phillip Karber conducted a three-year study to map out China’s complex tunnel system, which stretches 5,000 km (3,000 miles). The report determined that the stated Chinese nuclear arsenal is understated and as many as 3,000 nuclear warheads may be stored in the underground tunnel network.

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911
911

On September 11, 2001, 19 terrorists attacked the Unites States. They hijacked four airplanes in mid-flight. The terrorists flew two of the planes into two skyscrapers at the World Trade Center in New York City. The impact caused the buildings to catch fire and collapse. Another plane destroyed part of the Pentagon (the U.S. military headquarters) in Arlington, Virginia. The fourth plane crashed in Shanksville, Pennsylvania. Officials believe that the terrorists on that plane intended to destroy either the White House or the U.S. Capitol. Passengers on the plane fought the terrorists and prevented them from reaching their goal. In all, nearly 3,000 people were killed in the 9/11 attacks.

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The Vietnam War

The Vietnam War

Ken Burns and Lynn Novick's ten-part, 18-hour documentary series, THE VIETNAM WAR, tells the epic story of one of the most consequential, divisive, and controversial events in American history as it has never before been told on film. Visceral and immersive, the series explores the human dimensions of the war through revelatory testimony of nearly 80 witnesses from all sides--Americans who fought in the war and others who opposed it, as well as combatants and civilians from North and South Vietnam. Ten years in the making, the series includes rarely seen and digitally re-mastered archival footage from sources around the globe, photographs taken by some of the most celebrated photojournalists of the 20th Century, historic television broadcasts, evocative home movies, and secret audio recordings from inside the Kennedy, Johnson, and Nixon administrations.

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Trump's Mashups
Trump's Mashups

Donald Trump talks a lot, but what is he actually saying? VICE News' "Trump Talk" mashup series tries to answer that. And, we're happy to say, it was just nominated for two Webby Awards. Now you can watch all the nominated videos.

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Trump's Sexcapades
Trump's Sexcapades.

Jessica Leeds (1980s)
Kristin Anderson (1990s)
E. Jean Carroll (1995 or 1996)
Lisa Boyne (1996)
Cathy Heller (1997)
Temple Taggart McDowell (1997)
Karena Virginia (1998)
Mindy McGillivray (2003)
Jennifer Murphy (2005)
Rachel Crooks (2005)
Natasha Stoynoff (2005)
Juliet Huddy (2005 or 2006)
Jessica Drake (2006)
Ninni Laaksonen (2006)
Cassandra Searles (2013)
Allegations of pageant dressing room visits(1997)
Mariah Billado,
Victoria Hughes,
and three other Miss Teen USA contestants
Bridget Sullivan (2000)
Tasha Dixon (2001)
Unnamed contestants (2001)
Samantha Holvey (2006)

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Trump's Speeches | Rallys |Interviews
Trump's Speeches | Rallys

Donald Trump talks a lot, but what is he actually saying? Watch Trump at some of his rallys and see what you think.

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