Russia: Founder of Newspaper That Investigated Government Corruption Shot Dead
December 16th, 2011Via: Guardian:
The founder of a newspaper that investigated government corruption has been shot dead outside the newspaper’s office in Russia’s North Caucasus region, police say.
A gunman shot Gadzhimurat Kamalov as he was leaving the offices of the newspaper Chernovik in Makhachkala, the capital of Dagestan province, shortly before midnight on Thursday, the regional interior ministry said.
Police said Kamalov was shot eight times and pronounced dead on the way to hospital.
The New-York-based Committee to Protect Journalists (CPJ) said journalists at Chernovik, known for reporting on corruption in the provincial administration, had been “routinely persecuted for their work”.
Six Waltons Have More Wealth Than the Bottom 30% of Americans
December 15th, 2011Via: Bloomberg:
The brand-new Crystal Bridges Museum of American Art in the small northwest Arkansas city of Bentonville is the creation of Alice Walton, the daughter of the late Sam Walton, who founded Wal-Mart Stores Inc. (WMT), the largest retailer in the world.
Alice Walton, who is worth about $21 billion, has achieved her dream of building a top-tier museum that unabashedly celebrates American art in the American heartland. Crystal Bridges, in many ways, is an aesthetic success.
It’s also a moral tragedy, very much like the corporation that provided Walton with the money to build a billion-dollar art museum during a terrifying recession. The museum is a compelling symbol of the chasm between the richest Americans and everyone else. In 2007, according to the labor economist Sylvia Allegretto, the six Walton family members on the Forbes 400 had a net worth equal to the bottom 30 percent of all Americans. The Waltons are now collectively worth about $93 billion, according to Forbes.
The museum, which opened last month, sits in a wooded ravine a few miles from Wal-Mart headquarters. Two main buildings, referred to locally as the armadillos, for their rounded and ribbed roofs, are linked to a series of galleries that ring what will eventually be a spring-fed pond. Crystal Bridges was designed by Moshe Safdie, who is a fine architect, and his museum in some ways resembles a handsome Scandinavian airline terminal. It is certainly the handsomest building ever built with Wal-Mart money. I suspect it is also the only building associated with Wal-Mart that is devoted solely to American-made goods.
Half of Americans Poor or Near Poor
December 15th, 2011Via: CBS:
Squeezed by rising living costs, a record number of Americans — nearly 1 in 2 — have fallen into poverty or are scraping by on earnings that classify them as low income.
The latest census data depict a middle class that’s shrinking as unemployment stays high and the government’s safety net frays. The new numbers follow years of stagnating wages for the middle class that have hurt millions of workers and families.
“Safety net programs such as food stamps and tax credits kept poverty from rising even higher in 2010, but for many low-income families with work-related and medical expenses, they are considered too `rich’ to qualify,” said Sheldon Danziger, a University of Michigan public policy professor who specializes in poverty.
“The reality is that prospects for the poor and the near poor are dismal,” he said. “If Congress and the states make further cuts, we can expect the number of poor and low-income families to rise for the next several years.”
Related: American Citizens Can Be Arrested As Terrorists On Home Soil And Held Indefinitely Without Trial
American Citizens Can Be Arrested As Terrorists On Home Soil And Held Indefinitely Without Trial
December 15th, 2011Now with even more Hope and Change.
Via: Guardian:
Barack Obama has abandoned a commitment to veto a new security law that allows the military to indefinitely detain without trial American terrorism suspects arrested on US soil who could then be shipped to Guantánamo Bay.
Human rights groups accused the president of deserting his principles and disregarding the long-established principle that the military is not used in domestic policing. The legislation has also been strongly criticised by libertarians on the right angered at the stripping of individual rights for the duration of “a war that appears to have no end”.
The law, contained in the defence authorisation bill that funds the US military, effectively extends the battlefield in the “war on terror” to the US and applies the established principle that combatants in any war are subject to military detention.
…
The legislation’s supporters in Congress say it simply codifies existing practice, such as the indefinite detention of alleged terrorists at Guantánamo Bay. But the law’s critics describe it as a draconian piece of legislation that extends the reach of detention without trial to include US citizens arrested in their own country.
“It’s something so radical that it would have been considered crazy had it been pushed by the Bush administration,” said Tom Malinowski of Human Rights Watch. “It establishes precisely the kind of system that the United States has consistently urged other countries not to adopt. At a time when the United States is urging Egypt, for example, to scrap its emergency law and military courts, this is not consistent.”
9/11: A Conspiracy Theory
December 15th, 2011Via: The Corbett Report:
F-35 Joint Strike Fighter: Trillion Dollar Boondoggle
December 14th, 2011Via: Wired:
The most expensive weapons program in U.S. history is about to get a lot pricier.
The F-35 Joint Strike Fighter, meant to replace nearly every tactical warplane in the Air Force, Navy and Marine Corps, was already expected to cost $1 trillion dollars for development, production and maintenance over the next 50 years. Now that cost is expected to grow, owing to 13 different design flaws uncovered in the last two months by a hush-hush panel of five Pentagon experts. It could cost up to a billion dollars to fix the flaws on copies of the jet already in production, to say nothing of those yet to come.
In addition to costing more, the stealthy F-35 could take longer to complete testing. That could delay the stealthy jet’s combat debut to sometime after 2018 — seven years later than originally planned. And all this comes as the Pentagon braces for big cuts to its budget while trying to save cherished but costly programs like the Joint Strike Fighter.
Frank Kendall, the Pentagon’s top weapons-buyer, convened the so-called “Quick Look Review” panel in October. Its report — 55 pages of dense technical jargon and intricate charts — was leaked this weekend. Kendall and company found a laundry list of flaws with the F-35, including a poorly placed tail hook, lagging sensors, a buggy electrical system and structural cracks.
Some of the problems — the electrical bugs, for instance — were becoming clear before the Quick Look Review; others are brand-new. The panelists describe them all in detail and, for the first time, connect them to the program’s underlying management problems. Most ominously, the report mentions — but does not describe — a “classified” deficiency. “Dollars to doughnuts it has something to do with stealth,” aviation guru Bill Sweetman wrote. In other words, the F-35 might not be as invisible to radar as prime contractor Lockheed Martin said it would be.
Patent for Amazon Big Brother Tracking System That Tries to Guess Where You’re Going
December 14th, 2011We must assume that They are using the full spectrum of surveillance information to try to PREDICT HOW EACH OF US IS LIKELY TO BEHAVE ON A DAY TO DAY BASIS. Where we go. Which routes we take. What we buy. Etc.
—Synthetic Environments for Analysis and Simulation
Via: CBS:
Location tracking has become a hot privacy issue. Google, Apple, and Microsoft have all stepped into massive PR messes over the question. Now there’s a new entry: Amazon.
A patent, made public last week, covers a system to not only track, through mobile devices (Kindle, anyone?), where individuals or aggregated users have been, but determine where they’re likely to go next to better target ads, coupons, or other messages that could appear on a mobile phone or on displays that individuals are likely to see on their routes. The system could also use someone’s identity to further tailor the marketing according to demographic information.
…
According to the patent’s description, location could be specific spots inside a mall:
In some embodiments, mobile device users’ current and past travel patterns may be analyzed to determine a predicted next destination. For instance, by analyzing the recent movements of a mobile device user among stores in a shopping mall, it may be determined that a particular store is a predicted next destination for the mobile device user. Thus, advertising content for the predicted destination, such as coupons, may be sent to the mobile device user.
This is a bare-knuckled approach to tracking and analysis that other companies have yet to publicly admit (though it doesn’t mean they aren’t working on similar concepts). Consider what “analyzing” would mean. It’s unlikely to only be examining a pattern of movement, though that would obviously be part of it. Such a system goes beyond malls:
For example, a mobile device user may be tracked while attending a large entertainment venue or sporting event and coupons advertising a discount at a restaurant that the mobile device user is likely to visit based on the user’s traffic or travel patterns at the entertainment venue or sporting event. Similarly, mobile device users attending a large venue may be tracked and provided coupons for vendors the mobile device users are likely to pass based on their recent travel patterns in and around the venue.
Location ties to function. If you know what sort of establishment is at a spot, you can start to make more intelligent guesses of what a person is doing. The more stops, the more chances of putting together a picture of what a person is doing. And if you store this data over time, you might build a more complete picture.
Real Estate Market Worse Than Reported: Sales Figures Since 2007 Are Bogus Due to “Double Counting”
December 14th, 2011Via: Reuters:
Data on sales of previously owned homes from 2007 through October this year will be revised down next week because of double counting, indicating a much weaker housing market than previously thought.
The National Association of Realtors said a benchmarking exercise had revealed that some properties were listed more than once and in some instances new home sales were also captured.
“All the sales and inventory data that has been reported since January 2007 is being downwardly revised. Sales were weaker than people thought,” NAR spokesman Walter Malony told Reuters.
“We’re capturing some new home data that should have been filtered out and we also discovered that some properties were being listed in more than one list.”
Disclosure: Long DBA
December 14th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument.
I’m long DBA.
U.S. Dollar Index: Breakout
December 14th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument.
The dollar has clawed its way up and out of the recent range on the European chaos. Look for some resistance in the vicinity of 81.444.
Update: Gold Breakdown
The spot gold weekly candle is down through the 50EMA just now. Make or break.




