Archive for the 'Elite' Category
JPMorgan Allowing Gold to Be Used as Collateral for Some Types of Trading
February 8th, 2011Is JPM trying to get its tentacles around enough metal to cover physical withdrawals from clients? Via: Bloomberg: Gold may get a boost as JPMorgan Chase & Co. joins exchanges in allowing the metal to be used as collateral for trading, according to MF Global Holdings Ltd. JPMorgan yesterday said it will accept bullion “to […]
Hillary Clinton: We Can’t Legalize Drugs Because ‘There Is Just Too Much Money in It’
February 8th, 2011Mmm hmm. Via: Reason: Last week, while visiting Mexico, Secretary of State Hillary Clinton was interviewed by Denise Maerker of Televisa, who asked her opinion of proposals to address black-market violence by repealing drug prohibition. Clinton’s response illustrates not only the intellectual bankruptcy of the prohibitionist position but the economic ignorance of a woman who […]
Mafia Holds Compromising Silvio Berlusconi Photos
February 8th, 2011Via: Telegraph: A leading Italian photographer has alleged that mafia gangsters claim to possess compromising photos of Silvio Berlusconi at wild “bunga bunga” sex parties. Fabrizio Corona, who runs a celebrity photography agency, claimed that members of the Camorra mafia in Naples are trying to sell the alleged images to gossip magazines. “Representatives from a […]
New Zealand: Rural Broadband Light at the End of the Tunnel is the Train
February 7th, 2011You’ve heard of putting a wolf in charge of guarding a hen house. In rural New Zealand, we’ll get two wolves on the job. The final announcement has not yet been made, so I suppose there’s a chance that it might not be as bad as it looks now. However, my money is on the […]
Like Other War Criminals, Bush Has to Plan Travel Carefully; Cancels Visit to Switzerland
February 6th, 2011Via: Reuters: Former President George W. Bush has canceled a visit to Switzerland, where he was to address a Jewish charity gala, due to the risk of legal action against him for alleged torture, rights groups said on Saturday. Bush was to be the keynote speaker at Keren Hayesod’s annual dinner on February 12 in […]
Beijing Bomb Shelters House One Million People
February 5th, 2011Via: Telegraph: To understand how far ordinary Chinese have been priced out of their country’s property market, you need to look not upwards at the Beijing’s shimmering high-rise skyline, but down, far below the bustling streets where nearly 20m people live and work. There, in the city’s vast network of unused air defence bunkers, as […]
Gibbs: Important U.S.-Egypt Relationship Will Remain
February 5th, 2011Imagine my shock. Via: AP / Washington Post: The White House says that whatever government emerges in Egypt, the U.S. expects its relationship with its key Arab ally to continue to provide regional stability. Related: U.S. Discussing Transition Plan with Egyptians
Mubarak Family Fortune Could Reach $70 Billion
February 5th, 2011Via: Guardian: President Hosni Mubarak’s family fortune could be as much as $70bn (£43.5bn) according to analysis by Middle East experts, with much of his wealth in British and Swiss banks or tied up in real estate in London, New York, Los Angeles and along expensive tracts of the Red Sea coast. After 30 years […]
Madoff and JP Morgan
February 4th, 2011Via: Guardian: The UK’s Serious Organised Crime Agency (Soca) was warned about Bernard Madoff in October 2008, two months before the fraudster confessed that his investment empire was a sham, according to a lawsuit unsealed in New York. The allegation was made in a suit filed against JP Morgan, one of Madoff’s banks, on behalf […]
Son of Ex-Enron Boss Found Dead
February 4th, 2011Via: AP: The youngest son of former Enron President Jeff Skilling was found dead in his Southern California apartment this week. John Taylor Skilling, 20, was found dead in his Santa Ana home around 10.30pm on Tuesday after his friends called police when he didn’t show up for a planned dinner, police Cpl. Anthony Bertagna […]
