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Friday October 24, 2014
News Articles

Why Spain's Poor Fear Goldman Sachs
HP | Sonya Dowsett | 10/24/14

Last year Madrid's city and regional governments sold almost 5,000 rent-controlled flats to private equity investors including Goldman Sachs and Blackstone. At the time, the tenants were told their rental conditions would remain the same.

Jamila Bouzelmat is one of them. The mother of six lives in a four-bedroom flat on the outskirts of the Spanish capital that was bought jointly by Goldman and a Spanish firm. The 44-year-old said that until March her family paid 58 euros ($73) a month in rent out of her husband's 500-euro unemployment benefit. In April, her bank statement shows, her new landlords suddenly took 436 euros from her bank account. ... Read more

*Banker Suicides Return: DSK's Hedge Fund Partner Jumps From 23rd Floor Apartment
ZeroHedge | author | 10/24/14

The summer, thankfully, has been largely bereft of the dismal trend of bankers committing suicide, but as Bloomberg reports, Thierry Leyne, a French-Israeli banker and partner of Dominique Strauss-Kahn, the disgraced former chief of the IMF, was found dead Thursday after apparently taking his own life by jumping off the 23rd floor of one of the Yoo towers, a prestigious residential complex in Tel Aviv. This is the 16th financial services executive death this year. ...

    This is the 16th financial services executive death this year...
  1. William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th.
  2. Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th.
  3. Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th.
  4. Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State.
  5. Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun.
  6. Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown.
  7. Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago. No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice.
  8. Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong this week.
  9. James Stuart Jr, Former National Bank of Commerce CEO, found dead in Scottsdale, Ariz., the morning of Feb. 19. A family spokesman did not say whatcaused the death
  10. Edmund (Eddie) Reilly, 47, a trader at Midtown's Vertical Group, commited suicide by jumping in front of LIRR train
  11. Kenneth Bellando, 28, a trader at Levy Capital, formerly investment banking analyst at JPMorgan, jumped to his death from his 6th floor East Side apartment.
  12. Jan Peter Schmittmann, 57, the former CEO of Dutch bank ABN Amro found dead at home near Amsterdam with wife and daughter.
  13. Li Jianhua, 49, the director of China's Banking Regulatory Commission died of a sudden heart attack
  14. Lydia _____, 52 - jumped to her suicide from the 14th floor of Bred-Banque Populaire in Paris
  15. Julian Knott, 45 - killed wife and self with a shotgun in Jefferson Township, New Jersey
  16. Thierry Leyne, 48 - jumped from 23rd floor apartment in Tel Aviv.
Read more

*Gary Webb Was Right
HP | Marc Levin | 10/24/14

Once again the paper has decided to focus on discrediting a fellow journalist instead of deepening the analysis of the story he highlighted. Gary Webb put a spotlight on the CIA and the Reagan administrations unholy alliance with anti communist guerrilla groups and their supporters who were involved in drug trafficking.

Webb's reporting uncovered the story of how tons of cocaine were shipped into San Francisco by supporters of the CIA backed Contras and then distributed down to LA to a Nicaraguan named Danilo Blandon who sold it to a street dealer from South Central, Freeway Rick Ross. ... Read more

Climate Change Is Kicking the Insurance Industry's Butt
MotherJones | Tim McDonnell | 10/24/14

In the months after Hurricane Sandy, insurance companies spooked by rising seas dropped coastal policies in droves.

... Certainly the threat is real. Globally, average annual weather-related losses have increased more than tenfold in the last several decades, from $10 billion per year in the period 1974-1983 to $131 billion in 2004-2013, according to the report. The insurance industry is not keeping pace: The proportion of those damages that are insured is steadily declining. ... Read more

Democracy Now! U.S. and World News Headlines for Friday, October 24 [12:49]
*DN | Former Weapons Inspector in Iraq Raises Skepticism over Claims Iran Is Hiding Nuclear Weapons Tests (10/24/14) [14:44]
*DN | European Privacy in the Age of Snowden: We Need a Debate About What Intelligence Agencies Are Doing (10/24/14) [10:16]
*DN | Obama Promised a "World Without Nuclear Weapons," But May Now Spend $3 Trillion on Weapons Upgrades (10/24/14) [15:46]
*TRNN | Patrick Cockburn the author: Kurdish Fighters Regain Kobani... The coalition is not what it appears to be. (10/24/14) [12:55]
*TRNN | Hedges & Wolin: Can Capitalism and Democracy Coexist?, Part 3 (10/24/14) [22:22]
TRNN | Costas Lapavitsas speaks: The Financialization of Life, Part 2 (10/24/14) [12:44]
Stephan Cobert
Stephen Colbert | The New York Times reports that thousands of chemical weapons were found in Iraq, causing Stephen to party like it's 2003. (10/16/14) [5:05]
TYT | Good Ebola News: Dallas Nurse Cleared (10/23/14) [2:11]
TYT | Fox News To Chrissy Teigen: Stick To Having A Nice Ass (10/23/14) [4:17]
TYT | Young Hot Women Should Date, Not Vote, Says Fox News (10/23/14) [5:14]
Chris Hayes - All In
Chris Hayes | NYC Ebola patient had contact with 3 friends (10/23/14) [8:22]
Chris Hayes | Is Bellevue Hospital ready to handle an Ebola patient (10/23/14) [7:40]
Chris Hayes | Fmr. Surgeon General: everyone has to be on alert (10/23/14) [4:49]

10.24.2014. 12:01

Thursday October 23, 2014
News Articles

The High Price of Free Money: Now US Bankers Fear Financial, Social, or Political 'Instability'
ZeroHedge | author | 10/23/14

Something is changing about the perception of the Fed's free-money policies. While we've lambasted them for their nefarious effects on the real economy and the inequality they produce, Wall Street, the prime beneficiary, has been bombastically gung-ho about them. And the mainstream media have praised the Fed's "bold action," as it's called, at every twist and turn.

But now even Wall Street is getting cold feet. The official warning shot came from Fed Chair Janet Yellen, who admitted suddenly that "the extent of and continuing increase in inequality in the United States greatly concern me." Then bankers chimed in. FICO, which produces the infamous credit score, found in its latest survey of North American bank risk managers that 62% of them thought "the wealth gap poses a growing risk to the financial system."

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Without thriving consumers, the American economy that is so dependent on them will continue to languish. Just adding more consumers to the mix may increase overall consumer spending, and stirring up inflation may cover up the issue. But as the majority of individual consumers falls further behind, the risks of financial, social, or political "instability" might be looking ever more plausible to those bankers. ... Read more

Canada's parliament attacked, soldier fatally shot nearby
Reuters | Randall Palmer | 10/22/14

A gunman attacked Canada's parliament on Wednesday, with gunfire erupting near where Prime Minister Stephen Harper was speaking, and a soldier was fatally shot at a nearby war memorial, stunning the Canadian capital.

The gunman in the parliament building was shot dead, and Harper was safely removed in incidents that may have been linked to Islamic militants. ... Read more

The Science of Fox News: Why Its Viewers Are the Most Misinformed
AlterNet | Chris Mooney | 10/20/14

In June of 2011, Jon Stewart went on air with Fox News' Chris Wallace and started a major media controversy over the channel's misinforming of its viewers. "Who are the most consistently misinformed media viewers?" Stewart asked Wallace. "The most consistently misinformed? Fox, Fox viewers, consistently, every poll."

The author's goal here is to explore the underlying causes for this "Fox News effect"--explaining how this station has brought about a hurricane-like intensification of factual error, misinformation and unsupportable but ideologically charged beliefs on the conservative side of the aisle. ... Read more

Why Conservatives Opt for Propaganda Over Reality
AlterNet | Amanda Marcotte | 10/22/14

Conservatives are consuming a right-wing media full of lies and misinformation, whereas liberals are more interested in media that puts facts before ideology.

Pew Research set out to find what's behind what it considers the increasing political polarization of the United States; why the country is moving away from political moderation and becoming more and more divided between liberals and conservatives. Its first report on the phenomenon, which examines where people are hearing news and opinion in both regular and social media, shows that this is happening for very different reasons among people moving to the right than for people moving to the left.

Or that's the charitable way to put it. The less charitable way is to say Pew discovered that conservatives are consuming a right-wing media full of lies and misinformation, whereas liberals are more interested in media that puts facts before ideology. It's very much not a "both sides do it" situation. Conservatives are becoming more conservative because of propaganda, whereas liberals are becoming more liberal while staying very much checked into reality. ... Read more

Democracy Now! U.S. and World News Headlines for Thursday, October 23 [5:52]
*DN | Citizenfour: Inside Story of NSA Leaker Edward Snowden Captured in New Film by Laura Poitras (10/23/14) [9:51]
"At this stage I can offer nothing more than my word. I am a senior government employee in the intelligence community. I hope you understand that contacting you is extremely high risk ... This will not be a waste of your time." This was one of the first messages Edward Snowden wrote to filmmaker Laura Poitras beginning an exchange that helped expose the massive surveillance apparatus set up by the National Security Agency. Months later, Poitras would meet Snowden for the first time in a Hong Kong hotel room. Poitras filmed more than 20 hours of footage as Snowden debriefed reporters Glenn Greenwald and Ewen MacAskill. That footage -- most unseen until now -- forms the backbone of Poitras' new film, "Citizenfour." She joins us to talk about the film and her own experience with government surveillance. The film is the third installment of her 9/11 trilogy that also includes "My Country, My Country" about the Iraq War and "The Oath" about the U.S. military base at Guantánamo Bay, Cuba. Poitras' NSA reporting contributed to a Pulitzer Prize for Public Service awarded to The Guardian and The Washington Post.
*DN | Jeremy Scahill: Blackwater Execs Remain Free as Guards Convicted for Killing 14 Iraqis in Massacre (10/23/14) [7:47]
*TRNN | Hedges & Wolin: Can Capitalism and Democracy Coexist?, Part 2 (10/23/14) [25:14]
Journalist Chris Hedges interviews political philosopher Sheldon Wolin, who says democracy requires continuous opposition and vigilance by the citizenry.
*TRNN | Reese Erlich, Freelance Correspondent and Author of Inside Syria, says the irony in the support to the Kurds in Kobani is that PKK is considered a terrorist organization by the US (10/23/14) [25:14]
TYT | Colorado Teens Try To Run Away To Join ISIS (10/22/14) [7:27]
TYT | Canada Attacked - The Gun Law Role & The 'Terrorism' Question (10/22/14) [10:36]
TYT | Why This Man Scares Republicans Out Of Their Piss-Soaked Pants (10/22/14) [4:25]
TYT | Politico & BP Blatantly Conspire To Hide BP's Devastating Oil Spill (10/22/14) [5:17]

10.23.2014. 10:59

Wednesday October 22, 2014
News Articles

Canadian Capital On Lock Down As A Result Of Ongoing "Terrorist" Shooting Incident
ZeroHedge | author | 10/22/14

At least two people are injured, including a soldier, after shots were fired in the Parliamentary precinct in Ottawa on Wednesday morning; one shooter is dead and police suspect as many as two others are on the loose.

A dark-clothed gunman fired the shots just before 10 a.m. at the Canadian War Memorial, where a uniformed soldier was shot. The gunman then fled for Parliament Hill, where he unleashed more gunfire inside Centre Block. ... Read more
CBC | Ottawa Police Confirm at least 3 Separate Shooting Sites and Multiple Suspects (10/22/14) [0:57]

New poll from the Democratic firm Public Policy Polling. In its fifth trust poll, 35 percent said they trusted Fox news more than any other outlet, followed by PBS at 14 percent, ABC at 11 percent, CNN at 10 percent, CBS at 9 percent, 6 percent for MSNBC and Comedy Central, and just 3 percent for NBC.

Permanent Damage to US Economy-Michael Snyder
USAWathchdog.com | Greg Hunter | 10/22/14

Michael Snyder is a self-proclaimed "truth-seeker" and financial writer who says there is no recovery on Main Street, and we are not going to get one--ever. Snyder contends, "We've had permanent damage to the U.S. economy. ...

... By the time President Obama's eight years are over, we are on pace to approximately double the size of the national debt from $10.6 trillion to more than $20 trillion. What we are doing is absolute insanity. . . . We are going to suffer the consequences for so much of this. As far as the time window, I believe the next 12 to 15 months are going to be the most interesting time economically and as a nation as I have ever seen." ... Read more
USAWathchdog | Permanent Damage to US Economy-Michael Snyder (10/21/14) [25:36]
Click to zoom - for Article text

Apple Beats Top And Bottom Line, Repurchases Record $45 Billion In Stock In Fiscal 2014.

Harley Bassman: "The Fed Is Trying To Land A Jumbo Jet On A Football Field"
ZeroHedge | author | 10/22/14

In Harley Bassman latest news letter, in which he picks up on his favorite topic: implied volatility in rates, and the arbitrage opportunities it provides courtesy of epic risk mispricing in the current quote-unquote market, courtesy of the Fed's 6 year+ centrally-planned manipulation of, well, everything. ... Read more

Wall Street Is One Sick Puppy - Thanks To Even Sicker Central Banks
ZeroHedge | author | 10/22/14

Last Wednesday the markets plunged on a vague recognition that the central bank promoted recovery story might not be on the level. But that tremor didn't last long.

Right on cue the next day, one of the very dimmest Fed heads--James Dullard of St Louis---mumbled incoherently about a possible QE extension, causing the robo-traders to erupt with buy orders. By the end of the day Friday, with the market off just 5% from its all-time highs, the buy-the-dips crowd was back, proclaiming that the "bottom is in". This week the market has been energetically retracing what remains of the October correction. ... Read more

Democracy Now! U.S. and World News Headlines for Wednesday, October 22 [7:01]
*DN | In U.N. Speech, Noam Chomsky Blasts United States for Supporting Israel, Blocking Palestinian State (10/22/14) [18:23], Part 2 [15:47]
How is Money Made | How Much Debt Do We Have
*Demonocracyinfo | US Debt in Physical $100 bills [2:10]
*Mike Maloney | How is Money Made (and Who Benefits) [29:34] (start at 1:11)
*TRNN | Hedges & Wolin: Can Capitalism and Democracy Coexist? (10/22/14) [20:25]
Journalist Chris Hedge interviews political philosopher Sheldon Wolin, who says democracy requires continuous opposition and vigilance by the citizenry.
*TRNN | Costas Lapavitsas speaks: The Financialization of Life (10/22/14) [16:34]
TYT | Bill O'Reilly Explains Dem Voting - It's Not Him, It's You (10/21/14) [5:51]
TYT | Sarah Palin's PAC Is A Massive Million Dollar Scam (10/21/14) [4:14]
TYT | Corrupt Congressman Threatens Critics With More Corruption (10/21/14) [6:32]
TYT | Republicans Love Latinos, Except When Hating Them Gets More Votes (10/21/14) [5:53]
TYT | Obamacare Worst Nightmare Hilariously Coming True For Republicans (10/21/14) [3:11]
Visualize Your Future
National Debt
*Demonocracyinfo | US Debt in Physical $100 bills [2:10]
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FED - Federal Reserve
The Federal Reserve Explained In 7 Minutes [7:06]
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Crash Course - Debt, Chp 13 [14:19]
Banksters | FED | Money | Debt
*Mike Maloney | The Biggest Scam In The History Of Mankind - Hidden Secrets of Money 4 [29:34]
Derivatives
*Brookley Born: Derivatives still a ticking time bomb! Sept 2011 () [11:42]
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*Derivatives Held by the Different Banks
*DN | All the President's Bankers: Nomi Prins on Secret History of Washington-Wall Street Collusion (04/08/14) [17:47], Part 2 [4:17]
Quarterly Report on Bank Derivatives Activities.pdf
OCC's Quarterly Report on Bank Trading and Derivatives Activities.pdf

10.22.2014. 12:29

Tuesday October 21, 2014
News Articles

Another Month, Another Global Heat Record Broken
AP & HP | Seth Borenstein | 10/20/14

Earth is on pace to tie or even break the mark for the hottest year on record, federal meteorologists say. That's because global heat records have kept falling in 2014, with September the latest example.

The National Oceanic and Atmospheric Administration announced Monday that last month the globe averaged 60.3 degrees Fahrenheit (15.72 degrees Celsius). That was the hottest September in 135 years of record keeping.

It was the fourth monthly record set this year, along with May, June and August. ... Read more

Tornadoes Increasingly Coming In Swarms In United States, Study Says
Reuters & HP | Will Dunham | 10/16/14

Tornadoes in the United States are increasingly coming in swarms rather than as isolated twisters, according to a study by U.S. government meteorologists published on Thursday that illustrates another trend toward extreme weather emerging in recent years.

Looking at tornado activity over the past six decades, the study in the journal Science found the total number of tornadoes annually remaining rather steady, averaging 495. Since the 1970s, there have been fewer days with tornadoes but plenty more days with many of them, sometimes dozens or more.

On the list of the 10 single days with the most tornadoes since 1954, eight have occurred since 1999, including five since 2011. That year alone had days with 115, 73, 53 and 52 twisters. ... Read more

California Drought Worsened By Climate Change, Scientists Say
Reuters | Joaquin Palomino | 09/29/14

California's catastrophic drought has most likely been made worse by man-made climate change, according to a report released Monday by Stanford University, but scientists are still hesitant to fully blame the lack of rain on climate change.

The research, published in the Bulletin of the American Meteorological Society as part of a collection of reports on extreme weather events in 2013, is one of the most comprehensive studies linking climate change and California's ongoing drought, which has caused billions of dollars in economic damage. ... Read more

"Anti-Petrodollar" CEO Of French Energy Giant Total Dies In Freak Plane Crash In Moscow
ZeroHedge | author | 10/21/14

Three months ago, the CEO of Total, Christophe de Margerie, dared utter the phrase heard around the petrodollar world, "There is no reason to pay for oil in dollars," as we noted here. Today, RT reports the dreadful news that he was killed in a business jet crash at Vnukovo Airport in Moscow after the aircraft hit a snow-plough on take-off. The airport issued a statement confirming "a criminal investigation has been opened into the violation of safety regulations," adding that along with 3 crewmembers on the plane, the snow-plough driver was also killed. ... Read more

Europe Demands Banks Hand Over Their Lunch Money Following Swiss Franc Libor Rigging
ZeroHedge | author | 10/21/14

Having confirmed that RBS, UBS, JPMorgan,,and Credit Suisse operated a cartell to manipulate bid-ask spreads of Swiss Franc libor, the European Commission has unleashed unmerciless vengeance on these law-breaking institutions:

JPMorgan fined EUR 72.2 Million, UBS fined EUR 12.7 Million, Credit Suisse fined EUR 9.17 Million, & RBS Nothing (for whistle-blowing).

The commission found that these four entities 'influenced' interest rate derivatives prices between March 2008 and July 2009 - probably the most volatile and price-sensitive period of American financial history.. and they get fined "an hour's pay?" Nothing ever changes... Read more

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Democracy Now! U.S. and World News Headlines for Tuesday, October 21 [13:26]
*DN | After Ignoring ISIS Assault on Kobani, U.S. Launches Major Strikes & Arms Turkey's Kurdish Foes (10/21/14) [15:06]
*DN | Former U.N. Special Rapporteur Richard Falk on the Legitimacy of Hope in the Palestinian Struggle (10/21/14) [16:19]
John Oliver
HBO | Last Week Tonight with John Oliver: Translators (10/19/14) [16:06]
HBO | Last Week Tonight with John Oliver: Supreme Court (10/19/14) [5:39]
TRNN | Journalist Sharif Kouddous: What direction is Egypt headed, several years after the Revolution? (10/20/14) [24:59]
TRNN | Kurt Lambeck, Professor of Geophysics: Study Finds Sea Levels Rising at an Unprecedented Rate (10/20/14) [10:44]
TYT | Panic Over Ebola Outbreak Goes Viral In America (10/20/14) [7:37]
TYT | Could You Forgive Him Like Michelle Knight Did? (10/20/14) [6:17]
TYT | Citizen Pulls Over Cop, Demands ID & It's Amazing (10/20/14) [10:44]
*TYT | White Privilege Even Applies To Riots - The Proof Is In The Pumpkins (10/20/14) [9:45]
TYT | CNN Axes 150 Jobs & Several Shows In 'Painful Week' (10/20/14) [5:11]
TYT | Chuck Todd Asks A Question Even A Journalist Would Ask (10/20/14) [3:12]
TYT | Russell Brand Must Choose: Trump, Hannity Or Piers Morgan? His Answer Is Perfect (10/20/14) [2:54], Part 2 [1:59]
TYT | Study Proves 70% Of Art Sold Are Fakes (10/19/14) [6:50]

10.21.2014. 11:11

Monday October 20, 2014
News Articles

Living The Grecovery Dream: Two Jobless Parents, Two Kids, One Cat All Living In A Car
ZeroHedge | author | 10/20/14

This is an article of a Greek Family that is living in their car. But, it reminds us that it could be anyone of us if we suddenly have an life changing crisis. We all need help sometime in our life!

Squeezed between steering wheel, handbrake, door and dashboard, Katerina reads in her history book, takes notes for school. Next to her, on the driver's seat, cat Eddy stares right in the camera lens. It may look like a cute snapshot on a sunny day, if it wasn't for a sad detail: a withering spring stuck in a roll of toilet paper. A distinctive memory of a former normal life that turned into a grim reality for a family of four. ... Read more

The Conference Board forecasts that China's annual growth will slow to an average of 5.5% between 2015 and 2019, compared with last year's 7.7%. It will downshift further to an average of 3.9% between 2020 and 2025, according to the report.

Why Chinese Growth Forecasts Just Crashed To A Paltry 3.9% - And Are Going Even Lower - In One Chart
ZeroHedge | author | 10/20/14

Up until a few years ago, conventional wisdom was that China would grow at nearly double digits as long as the eye could see. Then, however, something happened, and China's 9% growth became 8%, then 7% and even lower, as suddenly the Politburo made it quite clear China would not chase growth at any cost, especially when the cost is trillions in bad debt and other NPLs, as we have explained time and again. The collapse in Chinese growth expectations is shown best on the following formerly hockeysticking chart of IMF's revised Chinese growth projections which has completely collapsed in the past few years. ... Read more
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60Minutes | China's Ghost Cities - 60 Minutes Australia (07/02/13) [10:49]
Dateline | China's Empty Cities (09/10/13) [15:00]

E-Waste
BAN | Exporting Harm: The High-Tech Trashing of Asia (2013) [23:03]
Dateline | E-Waste Hell (09/25/11) [17:44]
Democracy Now! U.S. and World News Headlines for Monday, October 20 [13:04]
DN | "Women Are Being Driven Offline": Feminist Anita Sarkeesian Terrorized for Critique of Video Games (10/20/14) [20:01]
Bill Moyers
Bill Moyers | Pulitzer Prize-winning author Marilynne Robinson talks to Bill about what the title character of her new book Lila, says about the state of democracy in America. (10/17/14) [25:16]
Senator Elizabeth Warren
Sen. Elizabeth Warren: Banking Hearing on Income Inequality (09/17/14) [10:09]
Sen. Elizabeth Warren: Sen. Warren asks Fed Chair Yellen about efforts to end TBTF (To Big To Fail) (07/15/14) [7:30]
California Drought
Stunning Scenes From California's Central Valley Drought, New Yorker
*TRNN | Deepa Kumar: Culture of the National Security State, Part 5 (10/19/14) [16:54]
*TYT | Raising The Minimum Wage Would Save Billions (10/19/14) [6:43]
*TYT | Military Selling Planes For Scrap Metal (10/19/14) [5:19]
TYT | Honest Politician Reveals The Worst Part Of The Job - 'We Hate It' (10/19/14) [4:06]
TYT | On Obama: Elizabeth Warren vs Howard Fineman (10/19/14) [10:23]
Chris Hayes
U.S. Army Col. Lawrence Wilkerson: FOX News and GOP Exploiting American's Fears (10/18/14) [7:27]

10.20.2014. 13:19

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