Archive for June, 2009
Russia May Swap Some U.S. Treasuries for IMF Debt
June 10th, 2009Via: Bloomberg: Russia may switch some of its reserves from U.S. Treasuries to International Monetary Fund bonds, the central bank said today. The comment drove Treasuries and the dollar lower. Alexei Ulyukayev, first deputy chairman of Russia’s central bank, said some reserves may be moved from Treasuries into IMF debt, reiterating comments made last month […]
London’s Metropolitan Police Accused of Waterboarding Suspects
June 10th, 2009Via: Times Online: Metropolitan Police officers subjected suspects to waterboarding, according to allegations at the centre of a major anti-corruption inquiry, The Times has learnt. The torture claims are part of a wide-ranging investigation which also includes accusations that officers fabricated evidence and stole suspects’ property. It has already led to the abandonment of a […]
GM’s New Chairman: “I Don’t Know Anything About Cars”
June 10th, 2009That’s ok, because when the spooks say to jump he asks, “How high?” Via: Bloomberg: Edward E. Whitacre Jr. built AT&T Inc. into the biggest U.S. provider of telephone service over a 43-year-career. By his own admission, he becomes chairman of General Motors Corp. knowing nothing about the auto industry. The 6-foot-4-inch Texan nicknamed “Big […]
Trading Note
June 10th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. UPDATE 2: I Pared It Down at $39.60 I sold 80% of my position at $39.60, and stop-limited the rest at $39. Shine on you wild diamond. UPDATE 1: Stop Didn’t Get Hit I didn’t get taken out yesterday and it’s […]
Bullion and Bandits: The Improbable Rise and Fall of E-Gold
June 9th, 2009Via: Wired: Jackson drew his inspiration from economist Vera Smith’s influential 1936 treatise The Rationale of Central Banking and the Free Bank Alternative, which challenged the tenets of banking. “She wrote in the depths of the Depression, and poses some of the most compelling questions about central banking systems,” Jackson says. “Central banks should attenuate […]
Royal Canadian Mint ‘Lost’ Tens of Millions of Dollars Worth of Gold
June 9th, 2009* chortling * Via: The Star: The mint’s missing stock of precious metals is worth tens of millions of dollars, the Star has learned. While officials at the Royal Canadian Mint have not publicly released a value, insiders have confirmed that auditors are trying to track precious metals, believed to be gold, worth in the […]
The Ascendancy of Black World Participants Continues at GM
June 9th, 2009First Kent Kresa, and now Edward Whitacre. What’s the big deal? Edward Whitacre looks like every other old, pink faced fat bastard that slithers from board room to board room, but let’s take a quick walk down memory lane. From 2006, in NSA Collected Phone Records in U.S., we learn: The U.S. National Security Agency […]
Germany: Arcandor Goes Bust
June 9th, 2009Via: AFP: Retail and tourism giant Arcandor said on Tuesday it had filed for bankruptcy, putting around 43,000 jobs at risk in Germany after Berlin dismissed its request for emergency state aid. “Arcandor AG today filed with the Essen District Court to open insolvency proceedings due to threatening illiquidity,” the statement said. Travel agency Thomas […]
Royal Dutch Shell to Pay Pocket Lint in Settlement Over Deaths of Activists
June 9th, 2009Via: Wall Street Journal: Royal Dutch Shell PLC agreed Monday to pay $15.5 million to settle a lawsuit over the 1995 deaths of Nigerian author and activist Ken Saro-Wiwa and others. The Anglo-Dutch oil giant faced a lawsuit in federal court in Manhattan under the Alien Tort Claims Act, on allegations that it was complicit […]
Federal Subpoena Seeks Names – and Lots More – of Web Posters
June 9th, 2009THE FEDS ALREADY HAVE THE DATA. Spend a few hours going through my Surveillance archive if you doubt it. Read about the Narus Intercept Suite, the Mark Klein-AT&T-NSA case and MAIN CORE. This is a little over two years old, but it describes the “full pipe” surveillance that federal law enforcement is doing: FBI turns […]
