Archive for the 'Elite' Category
Crime Prediction Software Is Here and It’s a Very Bad Idea
April 18th, 2010Via: Gizmodo: There are no naked pre-cogs inside glowing jacuzzis yet, but the Florida State Department of Juvenile Justice will use analysis software to predict crime by young delinquents, putting potential offenders under specific prevention and education programs. Goodbye, human rights! They will use this software on juvenile delinquents, using a series of variables to […]
The Game That Goes On and On: a Swiss Bank, a President, and the Permanent Government
April 18th, 2010Flashback: Backbone of Complex Networks of Corporations: The Flow of Control Via: Smirking Chimp: Last August, the presidential press corps followed Barack Obama and his family to Martha’s Vineyard for their brief vacation. The coverage focused on summery fare–a visit to an ice cream parlor, the books the president had brought along. Nearly everyone mentioned […]
Venice Was a Quiet Mena
April 16th, 2010Via: Mad Cow Productions: “Venice was a kind of quiet Mena (Arkansas),” stated a former drug pilot for The Company. “Jackson Stephens built this huge headquarters next to the airport. And he was in charge. But I do remember seeing Porter Goss around the airport a lot.” The airport where three of the four terrorist […]
Goldman Sachs Charged with Fraud Related to Subprime Securities
April 16th, 2010Via: AP: The government has accused Goldman Sachs & Co. of defrauding investors by failing to disclose conflicts of interest in mortgage investments it sold as the housing market was faltering. The Securities and Exchange Commission said in a civil complaint Friday that Goldman failed to disclose that one of its clients helped create — […]
Legislation Seeks to Wall Off Derivative Trading from Bank Depositors’ Money
April 15th, 2010Via: Bloomberg: Goldman Sachs Group Inc., JPMorgan Chase & Co. and their biggest rivals would be forced to wall off derivatives trading operations from their commercial banks under a measure to be introduced by Senate Agriculture Committee Chairman Blanche Lincoln, a congressional aide said. Lincoln, an Arkansas Democrat, will propose a “no-bailout provision” as part […]
Fed Shouldn’t Reveal Crisis Loans, Banks Vow to Tell High Court
April 14th, 2010Via: Bloomberg: The biggest U.S. commercial banks will take their fight against disclosure of Federal Reserve lending in 2008 to the Supreme Court if necessary, the top lawyer for an industry-owned group said. Continued legal appeals will delay or block the first public look at details of the central bank’s $2 trillion in emergency lending […]
IMF Executive Board Approves Ten Fold Expansion of Fund’s Borrowing Arrangements Related to Financial Crisis Management
April 13th, 2010Can you feel the Recovery? Via: IMF: The Executive Board of the International Monetary Fund (IMF) today approved a ten-fold expansion of the Fund’s New Arrangements to Borrow (NAB) and the transformation of the Fund’s premier standing credit arrangement into a more flexible and effective tool of crisis management. The NAB will be increased by […]
Britain Is In A Far Worse Financial Crisis Than Many Realise
April 13th, 2010Via: Independent: In the past week our politicians have put on their most serious faces and addressed the economy. They have got into a wrangle about National Insurance contributions. Labour wants to increase them; the Tories don’t. A lot of heat has been generated, much ink spilt. What it suits none of them to tell […]
The World’s Biggest Arms-Makers
April 13th, 2010I guessed that the top spot would be held by Lockheed, and by a large margin. Nope. Via: Economist: BAE Systems, a British firm, took the top spot as the world’s largest arms manufacturer in 2008. This is largely because the company has pursued a strategy of expanding the American side of its business in […]
Washington Mutual Created ‘Mortgage Time Bomb’
April 13th, 2010Perhaps the Racketeer Influenced and Corrupt Organizations Act should be related reading for this story: The Racketeer Influenced and Corrupt Organizations Act (commonly referred to as RICO Act or RICO) is a United States federal law that provides for extended criminal penalties and a civil cause of action for acts performed as part of an […]
