Archive for February, 2009
Stanford Under Federal Drug Investigation
February 19th, 2009A Texas billionaire laundering drug money… Imagine my complete and total shock. But did you know that it’s SIR Allen Stanford? That’s right! He’s the first American to be knighted by Antigua and Barbuda. I wonder how close this guy is to Dubya and the gang… Via: Reuters: The U.S. Federal Bureau of Investigation and […]
‘Absurd’ Conspiracy Theories Prevalent in Afghanistan
February 19th, 2009Nato forces mistakenly supplied food, water and arms to Taliban forces in southern Afghanistan, officials today admitted. Containers destined for local police forces were dropped from a helicopter into a Taliban-controlled area of Zabul province. The coalition helicopter had intended to deliver pallets of supplies to a police checkpoint in Ghazni, a remote section of […]
FAA: Falling Metal Did Not Come From Airplane
February 19th, 2009I thought it might be part of the Iridium debris, but.. cast iron? Is that even used in satellites? I’m not sure, but I doubt it. Via: CBS News: The Federal Aviation Administration says a piece of hot metal that crashed through the roof of a Jersey City business did not come from an airplane. […]
Los Angeles: Water Rationing
February 19th, 2009Whenever the summer humidity starts to get on my nerves here in the New Zealand, I just think about the seemingly perpetual Santa Ana conditions in Southern California, when the desert winds blow the polluted, orange air out to sea, and various parts of the place catch on fire… Oh yeah, try growing a garden […]
BANK RUN: DEPOSITORS TURNED AWAY FROM STANFORD BANKS
February 19th, 2009Via: AP: Panicky depositors were turned away from Stanford International Bank and some of its Latin American affiliates Wednesday, unable to withdraw their money after U.S. regulators accused Texas financier R. Allen Stanford of perpetrating an $8 billion fraud against his companies’ investors. Some customers arrived in Antigua by private jet and were driven up […]
Gold: Trying to Clear $988 Intraday
February 19th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Gold tried to take out $988, but bounced off. It’s a make or break, right here.
Cost of Protecting Japanese Government Debt Hits Record High
February 18th, 2009Via: Reuters: The cost of protecting Japanese government debt against default has risen sharply as political uncertainty and worries about the nation’s fiscal position grew after data this week highlighted the depth of recession in the world’s second-biggest economy. Five-year credit default swaps on Japanese sovereign debt climbed to a record 130 basis points on […]
Greenspan Backs Bank Nationalisation
February 18th, 2009This wizened little troll belongs in a striped jumpsuit and handcuffs. Via: Financial Times: The US government may have to nationalise some banks on a temporary basis to fix the financial system and restore the flow of credit, Alan Greenspan, the former Federal Reserve chairman, has told the Financial Times. In an interview, Mr Greenspan, […]
Stanford Depositors Swarm Banks
February 18th, 2009Via: Reuters: Hundreds of people lined up to withdraw money from banks in Antigua and Caracas affiliated with Texas billionaire Allen Stanford, a day after the tycoon was charged with an $8 billion fraud. The brash, 58-year-old financier’s whereabouts remained unclear on Wednesday, a day after the U.S. Securities and Exchange Commission accused him of […]
Take Your Pick at the Airport: Full Body Scan or Patdown
February 18th, 2009Via: USA Today: For the first time, some airline passengers will skip metal detectors and instead be screened by body scanning machines that look through clothing for hidden weapons, the Transportation Security Administration said Tuesday. An experimental program that begins today at Tulsa International Airport will test whether the $170,000 body scanners could replace $10,000 […]
