Archive for the 'Elite' Category
Major U.S. Banks Masked Risk Levels
April 9th, 2010Via: Reuters: Major U.S. banks temporarily lowered their debt levels just before reporting in the past five quarters, making it appear their balance sheets were less risky, the Wall Street Journal said, citing data from the Federal Reserve Bank of New York. The paper said on Friday 18 banks, including Goldman Sachs Group, Morgan Stanley, […]
Federal Reserve Chairman Ben Bernanke Sounds a Warning on Growing Deficit
April 8th, 2010*chortle* For a translation of the slop below, see: America’s Impending Master Class Dictatorship. Via: Washington Post: Federal Reserve Chairman Ben S. Bernanke warned Wednesday that Americans may have to accept higher taxes or changes in cherished entitlements such as Medicare and Social Security if the nation is to avoid staggering budget deficits that threaten […]
FDA Suppressed Imaging Safety Concerns
April 7th, 2010Via: AP: A former Food and Drug Administration scientist said Tuesday his job was eliminated after he raised concerns about the risks of radiation exposure from high-grade medical scanning. Dr. Julian Nicholas told an audience of imaging specialists that he and other FDA staffers “were pressured to change their scientific opinion,” by managers in the […]
The Secret History of Silicon Valley
April 6th, 2010Via: Google Tech Talks / YouTube:
No Criminal Charges Likely in AIG Collapse
April 6th, 2010Don’t crack the seal on the AIG mess. Oh no. The smell alone would be too much to handle. Via: CBS News: CBS NEWS has learned that former AIG executive Joseph Cassano – the prime focus of the investigation into its collapse – will meet with Department of Justice attorneys next week in what will […]
Geithner Delays Chinese Currency Report
April 4th, 2010Via: Bloomberg: U.S. Treasury Secretary Timothy F. Geithner delayed a scheduled April 15 report to Congress on exchange-rate policies, sidestepping a decision on whether to accuse China of manipulating the value of the yuan. Geithner in a statement urged China to move toward a more flexible currency and said a series of meetings over the […]
Wall Street Cabal Seen Derailing Serious Swap Reform
April 2nd, 2010Via: Reuters: A major crisis is building in the derivatives market yet a cabal on Wall Street is blocking the formation of a clearing house that could stop the next financial meltdown, a senior official with the Kauffman Foundation said on Tuesday. The need for disclosure in the swap markets is enormous, yet the will […]
Obama Gives Key Agriculture Post to Agribusiness Goon Who Lobbied for Monsanto, Syngenta, DuPont and Dow
April 2nd, 2010Via: Green Change: Today, President Obama announced that he will recess appoint Islam A. Siddiqui to the position of Chief Agricultural Negotiator, Office of the U.S. Trade Representative. Siddiqui is a pesticide lobbyist and Vice President for Science and Regulatory Affairs at CropLife America, an agribusiness lobbying group that represents Monsanto. Following is a letter […]
Lovelock: Authoritarian System Needed to Deal with Global Warming
March 31st, 2010Imagine my shock. Via: Guardian: We need a more authoritative world. We’ve become a sort of cheeky, egalitarian world where everyone can have their say. It’s all very well, but there are certain circumstances – a war is a typical example – where you can’t do that. You’ve got to have a few people with […]
Drill Baby, Drill: Obama to Open Offshore Areas to Oil Drilling for First Time
March 31st, 2010Via: New York Times: The Obama administration is proposing to open vast expanses of water along the Atlantic coastline, the eastern Gulf of Mexico and the north coast of Alaska to oil and natural gas drilling, much of it for the first time, officials said Tuesday. The proposal — a compromise that will please oil […]
