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The Markit iTraxx Crossover index of swaps on 50 European companies surged 50 basis points to 582, according to Markit Group Ltd. The jump in the index signals a deterioration in investor perceptions of credit quality.

Merkel’s coalition stopped traders buying default protection on government bonds they don’t own, so-called naked swaps, as German lawmakers debate a bill authorizing their contribution to a $1 trillion bailout to support the euro. The unexpected ban, done independently of the European Union, came after the rescue package failed to stop the 16-nation common currency from weakening to a four-year low and as banks became increasingly reluctant to lend to one another.

“The market sees an inadequate policy such as this as an act of desperation and a refusal to address the fundamental problems at hand,” said Brian Yelvington, head of fixed-income strategy at Knight Libertas LLC in Greenwich, Connecticut.

Prohibiting speculation in the contracts may cause trading in swaps tied to Europe government bonds to freeze up, said Tim Backshall, the chief strategist at Credit Derivatives Research LLC in Walnut Creek, California. Trading limits may increase borrowing costs or limit the flow of capital, he said.

The stock exchange building was on fire, the exchange’s president told Reuters, while witnesses said major tourist hotels had lost power as black smoke billowed around buildings in the Thai capital.

The stock market had closed early due to the violence.

Ultra-creepy mind-control experiments now go mainstream.  The video of this experiment looks like a scene from the Manchurian Candidate.  I’m sure the souped up version of this “experiment” with the “volunteer” on psychosis-inducing pharmaceuticals is much more effective. Notice how the video involves all the classic elements of mind control: loss of identity, infantile regression, caressing to nurture feelings of security, and pay special attention to the VIOLENT SLAPPING part at the end of the video.

Also, after looking into one of the main authors of the paper, Olaf Blanke, I looked up one of his previous papers.  In the acknowlegements section it states “O.B. is supported by the Sandoz Family Foundation.”  Yes, THAT Sandoz; the same company that Albert Hoffman worked at in Switzerland when he discovered LSD; and, the same company that manufactured LSD for the CIA’s MKUltra experiments in the 50’s and early 60’s.  Of course, this is all purely coincidental.

Meet the Anybots QB, a telepresence robot that can represent you in the office by sitting in conference rooms, going to meetings and rolling about through the cubicle farm. The whole time it does so, it displays a live webcam video of your face, while transmitting to you a live video and audio stream of whatever it’s looking at.

“The QB is an extension of you,” Bob Christopher, chief operating officer of Anybots told Wired.com. “It removes the barriers between people and work so people can teleport themselves to the office space.”

Christopher was formerly the chief executive officer of Ugobe, which made the ill-fated Pleo robotic dinosaur toys. Ugobe closed its doors last year, having failed to make a commercial success of its eerily lifelike toys.

QB won’t replace video conferencing, says Christopher, but it’s a way to look over the shoulder of your colleagues and employees without actually getting into the office. The robot can be manipulated by a user at home or any other location using just a web browser, and can transmit its master’s voice and video.

Think of it as a self-propelled Skype-cam on a stick.

A device with Segway-like balancing properties, the QB has two eyes shaped like a bug’s that give it an aesthetic similar to Pixar’s Wall-E. The cameras (and screen) are mounted atop an adjustable pole, putting them at approximately eye level with your coworkers. QB has eight hours of battery life, supports 802.11g Wi-Fi, comes with a 5-megapixel video camera and a top speed of 3.5 miles per hour. A 320 x 240 LCD screen on QB offers videos and photos, and acts as a control panel.

An investigation by security researchers found the systems to be “fragile” and easily subverted.

The call came less than two hours before bids were due for contracts to manage $90 million raised with the sale of West Virginia bonds. On one end of the line was Steven Goldberg, a trader with Financial Security Assurance Holdings Ltd. On the other was Zevi Wolmark, of advisory firm CDR Financial Products Inc. Goldberg arranged to pay a kickback to CDR to land the deal, according to government records filed in connection with a U.S. Justice Department indictment of CDR and Wolmark.

West Virginia was just one stop in a nationwide conspiracy in which financial advisers to municipalities colluded with Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., Lehman Brothers Holdings Inc., Wachovia Corp. and 11 other banks.

They rigged bids on auctions for so-called guaranteed investment contracts, known as GICs, according to a Justice Department list that was filed in U.S. District Court in Manhattan on March 24 and then put under seal. Those contracts hold tens of billions of taxpayer money.

California to Pennsylvania

The workings of the conspiracy — which stretched from California to Pennsylvania and included more than 200 deals involving about 160 state agencies, local governments and non- profits — can be pieced together from the Justice Department’s indictment of CDR, civil lawsuits by governments around the country, e-mails obtained by Bloomberg News and interviews with current and former bankers and public officials.

“The whole investment process was rigged across the board,” said Charlie Anderson, who retired in 2007 as head of field operations for the Internal Revenue Service’s tax-exempt bond division. “It was so commonplace that people talked about it on the phones of their employers and ignored the fact that they were being recorded.”

Anderson said he referred scores of cases to the Justice Department when he was with the IRS. He estimates that bid rigging cost taxpayers billions of dollars. Anderson said prosecutors are lining up conspirators to plead guilty and name names.

Leroy Ray allegedly went into the disabled woman’s bag as it passed through the X-ray machine.

In the past, incoming freshman and transfer students have received a rather typical welcome book from the College of Letters and Science’s “On the Same Page” program, but this year the students will be asked for more.

The students will be asked to voluntarily submit a DNA sample. The cotton swabs will come with two bar code labels. One label will be put on the DNA sample and the other is kept for the students own records.

The confidential process is being overseen by Jasper Rine, a campus professor of Genetics and Development Biology, who says the test results will help students make decisions about their diet and lifestyle.

Once the DNA sample is sent in and tested, it will show the student’s ability to tolerate alcohol, absorb folic acid and metabolize lactose.

The results of the test will be put in a secure online database where students will be able to retrieve their results by using their bar code.

This great loom of media images, and images of images, is so many layers deep that it has replaced reality. No one can remember the original imprint. If there was one. The hologram is a hermetic snow globe, a self-referential circuitry of images, and a Möbius loop from which there is no logical escape. Logic has zilch to do with what is going on. The smallest part holographically recapitulates the whole, and vice versa. No thinking required, we just cycle and recycle through an aural dimension. Not all that bad, I guess, if it were not generated by forces out to fuck every last pair of eyeballs and mind plugged into it.

The investing class has put thousands of billions into movies, TV and other media to keep the hologram lit up over the past six decades. Which is to say, keep the public in an entertained stupor, awed, mislead, and most importantly, distracted. But the payoff probably runs in the trillions.

For the clear-eyed citizen, there is a growing inner horror and despair in all this, with nowhere to turn but the Internet. The Net is a cyber reality, no more real than the hologram, and indeed a part of the hologram, though not quite yet absorbed and co-opted by capitalism. We take what relief we can find.

Royal Bank of Scotland Group Plc and Barclays Plc led financial firms punished by rising borrowing costs, British Bankers’ Association data show. The cost to hedge against losses on European bank bonds is 62 percent higher than a month ago. Investment-grade corporate debt sales in the region plummeted 88 percent last week to $1.2 billion from the previous period, according to data compiled by Bloomberg.

The rate banks say they charge each other for three-month loans in dollars rose to a nine-month high, even after a government-led rescue designed to prevent Greece from defaulting, and a new financial crisis. The euro fell to its weakest against the dollar since 2006.

Bank lending “conveys a lack of trust in the system,” said Robert Baur, chief global economist at Des Moines, Iowa- based Principal Global Investors, which manages $222 billion. “Banks are a little reluctant to lend overnight as they don’t know the full extent of what is on the bank balance sheets.”

The three-month London interbank offered rate in dollars, or Libor, climbed to 0.46 percent today, the highest since Aug. 7, from 0.445 percent on May 14 and 0.252 at the end of February, according to the British Bankers’ Association.