U.S. 2009 Deficit: $1.2 Trillion and DOES NOT INCLUDE Bailouts or Obama’s Stimulus Plan

January 7th, 2009

Via: AP:

The federal budget deficit will hit an unparalleled $1.2 trillion for the 2009 budget year, according to a Capitol Hill aide briefed on new Congressional Budget office figures.

The aide says the CBO also sees a $703 billion deficit for 2010.

The dismal figures come a day after President-elect Barack Obama warned of “trillion-dollar deficits for years to come.”

CBO’s figures don’t account for the huge economic stimulus bill that Obama is expected to propose soon to try to jolt the economy. At the same time, they do not reflect the immediate cost of the Wall St. bailout.

The shrinking economy has led to a sharp drop in tax revenues, which is largely responsible for the deficit, along with about $350 billion in spending so far for the Wall St. bailout.

Obama and Congress are promising quick enactment of the economic recovery plan, which will blend up to $300 billion in tax cuts with big new spending programs and could cost up to $775 billion over the next few years.

The flood of red ink probably won’t affect that measure but could crimp other items on Obama’s agenda.

The $1.19 trillion 2009 figure shatters the previous record of $455 billion, set only last year. It also represents about 8 percent of the size of the economy, which is higher than the deficits of the 1980s. The 2009 budget year began last Oct. 1.


A Peek at Homeland Security’s Files on Travelers

January 7th, 2009

HAHA This guy was surprised that his DHS file noted the IPs from which his ticket purchasing sessions occurred???

* Pfft! * He should ask Them to send over his MAIN CORE file and see how well that goes.

Via: Newsweek:

The oversize white envelope bore the blue logo of the Department of Homeland Security. Inside, I found 20 photocopies of the government’s records on my international travels. Every overseas trip I’ve taken since 2001 was noted.

I had requested the files after I had heard that the government tracks “passenger activity.” Starting in the mid-1990s, many airlines handed over passenger records. Since 2002, the government has mandated that the commercial airlines deliver this information routinely and electronically.

A passenger record typically includes the name of the person traveling, the name of the person who submitted the information while arranging the trip, and details about how the ticket was bought, according to documents published by the Department of Homeland Security. Records are made for citizens and non-citizens who cross our borders. An agent from U.S. Customs and Border Protection can generate a travel history for any traveler with a few keystrokes on a computer. Officials use the information to prevent terrorism, acts of organized crime, and other illegal activity.

I had been curious about what’s in my travel dossier, so I made a Freedom of Information Act (FOIA) request for a copy. I’m posting here a few sample pages of what officials sent me.

My biggest surprise was that the Internet Protocol (I.P.) address of the computer used to buy my tickets via a Web agency was noted. On the first document image posted here, I’ve circled in red the I.P. address of the computer used to buy my pair of airline tickets.

[An I.P. address is assigned to every computer on the Internet. Each time that computer sends an e-mail—or is used to make a purchase via a Web browser—it has to reveal its I.P. address, which tells its geographic location.]

The rest of my file contained details about my ticketed itineraries, the amount I paid for tickets, and the airports I passed through overseas. My credit card number was not listed, nor were any hotels I’ve visited. In two cases, the basic identifying information about my traveling companion (whose ticket was part of the same purchase as mine) was included in the file. Perhaps that information was included by mistake.

Some sections of my documents were blacked out by an official. Presumably, this information contains material that is classified because it would reveal the inner workings of law enforcement.

I have grayed out other parts of the documents because they contain information, such as my passport number, that I’d rather not share. The parts I’ve blocked out are colored gray to distinguish from the government censor’s black marker.


Air Force Releases ‘Counter-Blog’ Marching Orders

January 7th, 2009

Via: Wired:

Bloggers: If you suddenly find Air Force officers leaving barbed comments after one of your posts, don’t be surprised. They’re just following the service’s new “counter-blogging” flow chart. In a twelve-point plan, put together by the emerging technology division of the Air Force’s public affairs arm, airmen are given guidance on how to handle “trolls,” “ragers” — and even well-informed online writers, too. It’s all part of an Air Force push to “counter the people out there in the blogosphere who have negative opinions about the U.S. government and the Air Force,” Captain David Faggard says.

Over the last couple of years, the armed forces have tried, in fits and starts, to connect more with bloggers. The Army and the Office of the Secretary of Defense now hold regular “bloggers’ roundatbles” with generals, colonels, and key civilian leaders. The Navy invited a group of bloggers to embed with them on a humanitarian mission to Central and South America, last summer. Military blogger Michael Yon recently traveled to Afghanistan with Defense Secretary Robert Gates.

In contrast, the Air Force has largely kept the blogosphere at arms’ length. Most of the sites are banned from Air Force networks. And the service has mostly stayed away from the Pentagon’s blog outreach efforts. Captain Faggard, who’s become the Air Force Public Affairs Agency’s designated social media guru, has made strides in shifting that attitude. The air service now has a Twitter feed, a blog of its own — and marching orders, for how to comment on other sites. “We’re trying to get people to understand that they can do this,” he tells Danger Room.


Real-Estate Executive Found Dead in Apparent Suicide

January 7th, 2009

Via: Wall Street Journal:

Real-estate executive Steven L. Good was found dead of an apparently self-inflicted gunshot wound Monday in his Jaguar in a forest preserve outside Chicago, said the Kane County Sheriff’s Department.

Mr. Good, 52 years old, was chief executive of Sheldon Good & Co., one of the nation’s largest real-estate auction firms. His father founded the company in 1965.

In a prepared statement Monday, Sheldon Good President Alan Kravets called it “a testimony to Steve’s leadership that Sheldon Good & Co. remains well positioned for the future [and] poised for significant growth.”

As chairman of the Realtors Commercial Alliance Committee, Mr. Good said last month in an industry outlook news release that market conditions were “very challenging.”

According to the company’s Web site, Sheldon Good “has sold more than 45,000 U.S. and international properties in more than 100 different classes and produced more than $10 billion in sales.”

Mr. Good wrote a book called “Churches, Jails and Gold Mines…Mega-Deals from a Real Estate Maverick.” In it, Mr. Good tells how he purportedly turned his auction firm into the real-estate equivalent of Sotheby’s or Christie’s.

“That book is a must-read for anyone in real-estate auctions,” said Chris Longly, spokesman for the National Auctioneers Association.


Occupation 101: Voices of the Silenced Majority

January 7th, 2009

This is an outstanding documentary. Please pass it along.

Official Site: occupation101.com


German Billionaire Adolf Merckle Commits Suicide

January 6th, 2009

Via: Reuters:

German billionaire Adolf Merckle, assailed by financial turmoil and struggling to salvage his business empire, has killed himself, his family said on Tuesday.

“The desperate situation of his companies caused by the financial crisis, the uncertainties of the last few weeks and his powerlessness to act, have broken the passionate family entrepreneur and he took his own life,” a family statement said.

Prosecutors in the southern German town of Ulm, near Merckle’s home, said the 74-year-old died when a train struck him late on Monday. There was no sign anyone else was involved, they said.

Merckle was ranked as the world’s 94th richest person in 2008 according to Forbes magazine and his family controls a number of German companies including cement maker HeidelbergCement and generic drug company Ratiopharm, but its empire was rocked last year by wrong-way bets made on shares in carmaker Volkswagen.

Banking sources had told Reuters the family lost hundreds of millions of euros on investments, with losses of about 400 million euros ($539.4 million) on Volkswagen shares alone.


Israeli Tank Fires at School, Kills At Least 40 Palestinian Civilians

January 6th, 2009

Via: Reuters:

Israeli tank shells killed at least 40 Palestinians on Tuesday at a U.N. school where civilians had taken shelter, medical officials said, in carnage likely to boost international calls for a halt to Israel’s Gaza offensive.

An Israeli military spokeswoman said she was looking into information on the incident at al-Fakhora school in Jabalya refugee camp.

People cut down by shrapnel lay in pools of blood on the street. Witnesses said two Israeli tanks shells exploded outside the school, killing at least 40 civilians — Palestinians who had taken refuge there and residents of nearby buildings.

In a separate attack earlier in the day, three Palestinians were killed in an airstrike on another school run by the United Nations Relief and Works Agency.

The deaths raised to 75 the number of Palestinian civilians killed on Tuesday alone, according to medical officials.


Kissinger on Obama: “A New World Order Can Be Created”

January 6th, 2009

Change we can believe in.


BART Police Execute Unarmed Man in Public; Shot in Back

January 6th, 2009

Via: Mercury News:

A BART police officer struggling to handcuff a 22-year-old man, stood up over the facedown Hayward resident and fired a single shot into his back while a handful of officers watched, a video taken by a train passenger apparently shows.

The attorney for the family of Oscar Grant III, fatally shot by an unidentified BART officer early New Year’s Day, said Sunday he plans to file a $25 million lawsuit against the department and asked prosecutors to consider filing murder charges against the officer.

The shooting occurred shortly before 2 a.m. Thursday after five officers responded to the Fruitvale station to reports of a fight on a train, officials said, though they have not confirmed whether Grant
was involved in the fight.

The new video, obtained by television station KTVU, shows two officers restraining a struggling suspect. While the man is lying face down on the ground, one officer appears to be seen pulling out a gun and firing a single shot into his back.

Civil rights attorney John Burris, known for his work in several high-profile cases involving police abuse and corruption, said at a Sunday news conference that the shooting was “the most unconscionable shooting” he has ever seen. He said that the Alameda County district attorney should consider filing charges of second degree murder or manslaughter against the officer.


China Seen Facing Wave of Unrest in 2009

January 6th, 2009

Via: Reuters:

China faces surging protests and riots in 2009 as rising unemployment stokes discontent, a state-run magazine said in a blunt warning of the hazards to Communist Party control from a sharp economic downturn.

The unusually stark report in this week’s Outlook (Liaowang) Magazine, issued by the official Xinhua news agency, said faltering growth could spark anger among millions of migrant workers and university graduates left jobless.

“Without doubt, now we’re entering a peak period for mass incidents,” a senior Xinhua reporter, Huang Huo, told the magazine, using the official euphemism for riots and protests.

“In 2009, Chinese society may face even more conflicts and clashes that will test even more the governing abilities of all levels of the Party and government.”

President Hu Jintao has vowed to make China a “harmonious society,” but his promise is being tested by rising tension over shrinking jobs and incomes, as well as long-standing anger over corruption and land seizures.

China also faces a year of politically tense anniversaries, especially the 20th year since the June 1989 crackdown on pro-democracy protesters in Tiananmen Square. That date has already galvanised the “Charter 08” campaign by dissidents and advocates demanding deep democratic reforms.

While foreign commentary about risks to China’s recipe of fast economic growth and one-party control are common, the nation’s leaders are usually reticent about such threats.

This report and other recent open warnings may be intended to help snap officials to attention, said one Chinese expert.

“The candor about these problems reflects the severity of the unemployment problem. It’s meant to attract the attention of all levels of government,” said Mao Shoulong, a professor of public policy at Renmin University in Beijing.

“The government wants to show that stability is at the top of its agenda.”

JOBLESS AND BITTER

The biggest threats to China’s social fabric will come from graduating university students, facing a shrinking job market and diminished incomes, and from a tide of migrant laborers who have lost their jobs as export-driven factories have shut.

Factory closures, sackings and difficulties paying social security had already unleashed a surge of protests, the report said. Officials in provinces that have provided tens of millions of low-paid workers for coastal factories have reported a leap in the number returning to their farm homes without work.

State statistical authorities estimated that close to 10 million rural migrant workers had lost their jobs, the magazine said, without specifying when the sackings happened.

Including students who graduated in 2008 and had not found work, there would be more than 7 million university and college graduates hunting for jobs this year, Huang calculated.


« Previous Page — Next Page »