cryptogon.com

But if you have a money-printing press, who cares what you pay for Bear Stearns?

If MorganChase has access to unlimited dollars, then the firm can roll its Comex futures indefinitely and never have to deliver and never have to cover. But this does not imply that the firm does not care about the silver price rising. The firm’s whole raison d’etre as the big short in Comex silver is to cap the price. I think MorganChase does care if the price of silver rises because the Fed doesn’t want that.

The silver price manipulation will end when there is a silver shortage, but it won’t be MorganChase that defaults, because the firm will continue to roll contracts and cover its dollar losses.

Government-funded tests on initial versions of the new Extended Range Electronic Projectile (XREP) have revealed possible health risks to people on the receiving end, New Scientist has learned. The manufacturer, Taser International of Scottsdale, Arizona, says the issue has been addressed in redesigned devices, but these have yet to be independently tested.

Unlike the current Taser X26, which fires darts attached to short wires, the XREP is wire-free. Its projectile, the size of a shotgun cartridge, is designed to pierce the target’s skin and contains battery-powered circuits that deliver a debilitating shock. It has a range of 20 metres or more, compared with 5 metres for previous Tasers.

A team led by Cynthia Bir, a trauma injury specialist at Wayne State University in Detroit, Michigan, found that some of the 275 XREP cartridges that Taser supplied for testing last year were capable of delivering an electric shock for more than 5 minutes, rather than the 20 seconds of shocking current they are supposed to generate. Previous Taser stun guns shock for only 5 seconds per discharge, though that can be repeated.

Bir’s team reported their findings at a conference on non-lethal weapons in Ettlingen, Germany, in May. Steve Wright of Leeds Metropolitan University in the UK, who has studied electric shock weapons, says Bir’s report that the device can carry on shocking for 5 minutes is worrying. The effects of prolonged shocking are not known, he says, but the finding raises concerns about the potential damage to a victim’s mental health.

Bir also found problems with the weapon’s accuracy. In test firings, it proved difficult to aim, as the aerodynamics of the projectile caused it to fall below the aiming point at a range of 20 metres. “Any lack of accuracy means a greater risk of hitting an unintended part of the body and therefore greater risk of injury,” says security researcher Neil Davison, author of a recent book on non-lethal weapons.

U.S. public affairs officials in Afghanistan acknowledged to Stars and Stripes that any reporter seeking to embed with U.S. forces is subject to a background profile by The Rendon Group, which gained notoriety in the run-up to the 2003 U.S. invasion of Iraq for its work helping to create the Iraqi National Congress. That opposition group, reportedly funded by the CIA, furnished much of the false information about Iraq’s supposed weapons of mass destruction used by the Bush administration to justify the invasion.

Rendon examines individual reporters’ recent work and determines whether the coverage was “positive,” “negative” or “neutral” compared to mission objectives, according to Rendon officials. It conducts similar analysis of general reporting trends about the war for the military and has been contracted for such work since 2005, according to the company.

“We have not denied access to anyone because of what may or may not come out of their biography,” said Air Force Capt. Elizabeth Mathias, a public affairs officer with U.S. Forces Afghanistan in Kabul. “It’s so we know with whom we’re working.”

U.S. Army officials in Iraq engaged in a similar vetting practice two months ago, when they barred a Stars and Stripes reporter from embedding with a unit of the 1st Cavalry Division because the reporter “refused to highlight” good news that military commanders wanted to emphasize.

Professional groups representing journalists are decrying the Pentagon’s screening of reporters.

“That’s the government doing things to put out the message they want to hear and that’s not the way journalism is meant to work in this country,” said Amy Mitchell, deputy director for Pew Research Center’s Project for Excellence in Journalism.

“The whole concept of doing profiles on reporters who are going to embed with the military is alarming,” said Ron Martz, president of the Military Reporters and Editors association.

Toyota, which cut domestic production 49 percent through June, will reduce output by about 220,000 vehicles by shutting down a line at its Takaoka plant from the fiscal first quarter of next year through the second half of calendar year 2011, spokeswoman Ririko Takeuchi said by phone today.

The internal police report found the million-plus cameras in London rarely help catch criminals.

In one month CCTV helped capture just eight out of 269 suspected robbers.

David Davis MP, the former shadow home secretary, said: “It should provoke a long overdue rethink on where the crime prevention budget is being spent.”

He added: “CCTV leads to massive expense and minimum effectiveness.

“It creates a huge intrusion on privacy, yet provides little or no improvement in security.

“The Metropolitan Police has been extraordinarily slow to act to deal with the ineffectiveness of CCTV.”

The charges relate to an alleged plot to attack the Holsworthy Army Base in NSW.

It was revealed yesterday that one of the men, Saney Aweys, had been recorded on telephone intercepts expressing his hatred for Australia and people who were not followers of Islam. Lawyers for the men described the prosecution case as weak.

Under questioning from Aweys’ lawyer, Rob Stary, on the second day of a bail application at Melbourne Magistrates Court, federal agent David Kinton said no civilian witnesses had made statements ”at this stage”.

But when Mr Stary asked if a covert operative had been planted, Mr Kinton hesitated, before replying: ”Can I seek legal advice?”

After an adjournment, Gerard Maguire, for Chief Commissioner Simon Overland, said his instructions could only be disclosed in a closed court.

The panel accepted the deal Tuesday, but it also will need the Legislature’s approval.

Florida violated federal law by selling personal information from registration and driver license records to mass marketers from June 1, 2000 through Sept. 30, 2004.

State law then had let motorists opt out of the program. Federal law, though, required just the opposite – that information be withheld unless motorists asked for it to be released.