Fannie, Freddie Execs Score $100 Million Payday
November 16th, 2011Via: CNN:
Mortgage finance giants Fannie Mae and Freddie Mac received the biggest federal bailout of the financial crisis. And nearly $100 million of those tax dollars went to lucrative pay packages for top executives, filings show.
The top five executives at Fannie Mae received $33.3 million in 2009 and 2010, while the top five at Freddie Mac received $28.1 million. And each company has set pay targets of as much as $17 million for its top managers for 2011.
That’s a total of $95.4 million, which will essentially be coming from taxpayers, who have been keeping the mortgage finance giants alive with regular quarterly cash infusions since the Federal Home Finance Agency (FHFA) took control of the companies in September 2008.
Fannie CEO Michael Williams and Freddie CEO Charles Halderman, each received about $5.5 million in pay for last year, and they could receive more when their final deferred compensation for 2010 is set. All the executives receive a significant portion of their pay in the year or years after they earn it.
Research Credit: pookie
Gerald Celente Got Screwed Out of Gold Futures Positions with MF Global Wreck
November 16th, 2011Celente was just trying to buy the underlying metal via the futures and *poof* positions closed, money gone.
Pookie sent this one from, Jesse’s Café Américain:
Here is a white paper that suggests that JP Morgan and Bank of America are trying to subordinate the customers’ claims to their stolen funds and keep them in a pool of money to be distributed to the creditors by the Trustee, without any representation for the customers. This is said to be the cause of the confusion and delay in the return of the funds.
There are also claims, not substantiated as far as I can tell, that the positions and assets that were taken from customers were liquidated in a manner so as to maximize the gains to other market participants with advantageous knowledge of those positions.
Wow. What a cluster.
Via: Gerald Celente on Russia Today:
Japan: Radioactive Contamination in Soil Will Severely Impair Food Production
November 15th, 2011Via: Telegraph:
Farmland in parts of Japan is no longer safe because of high levels of radiation in the soil, scientists have warned, as the country struggles to recover from the Fukushima atomic disaster.
A team of international researchers said food production would likely be “severely impaired” by the elevated levels of caesium found in soil samples across eastern Fukushima in the wake of meltdowns at the tsunami-hit plant.
The study, published in the Proceedings of the National Academy of Sciences journal, suggests farming in neighbouring areas may also suffer because of radiation, although levels discovered there were within legal limits.
“Fukushima prefecture as a whole is highly contaminated,” especially to the northwest of the nuclear power plant, the researchers said.
The study looked at caesium-137, which has a half-life of 30 years and therefore affects the environment for decades.
Britain: CCTV Taxi Plan ‘A Staggering Invasion of Privacy’
November 15th, 2011Via: Independent:
Plans to fit all taxis operating in the city of Oxford with audio recording devices have been branded a “staggering invasion of privacy” prompting calls for the Information Commissioner’s Office (ICO) to investigate how widespread the use of microphones on public transport has become.
Taxi drivers in the university town have been told that they need to install the £460 devices by 2015 or face having their licenses revoked. The microphones, accompanied by CCTV cameras, will activate once the ignition in the car is turned on and will remain recording for 30 minutes after the engine is turned off.
The council says the recording equipment is necessary to protect drivers and passengers as well as deal with any disputes over fares. Recorded information would only be accessible to the police or council officials.
But privacy campaigners say the plans represent a significant “ramping up” of surveillance culture in Britain and may well be in breach of Government guidelines.
“This is a staggering invasion of privacy being done with no evidence, no consultation and a total disregard for civil liberties,” said Nick Pickles, director of Big Brother Watch. “To my knowledge this is the first time a council has brought in audio recording equipment like this in taxis.”
Research Credit: noncompliant
DARPA Developing Fast Running Robot
November 15th, 2011Via: Wired:
Today’s robots move about as fast as your grandma’s morning mall-walking group. Tomorrow’s robots will move as fast as Usain Bolt — all thanks to limbs modeled on ostrich legs.
That’s exactly the point, according to the Darpa-funded researchers behind a collaborative effort underway at MIT and the Florida Institute of Human and Machine Cognition (IHMC). Only one year into a four-year research contract, the team is showing off stunning results that are expected to produce the fastest, most agile ‘bot ever. He’s called FastRunner, and he’ll zip along at 10 times the speed of a standard mobile robot, which clocks a mere 3 miles per hour.
“We’re using principles found in biology to build efficiency and speed right into the robot,” Johnny Godowski, a research associate at IHMC, tells Danger Room. “And we’re confident that this will open up the possibility for humanoid robots that are useful in all sorts of situations — military for one, but also fire rescues or natural disasters, for example.”
Already, the team has developed a simulation of FastRunner’s eventual capabilities and a full test leg that can zip along at 27 miles an hour — the same pace as Usain Bolt’s record-setting 2009 sprint. Eventually, they hope to see the ‘bot hit speeds in excess of “30, 40, 50 miles an hour,” according to Dr. Russ Tedrake at MIT.
Mossad Linked to Iranian Military Blast
November 15th, 2011Via: Guardian:
A series of news reports linking Israel’s intelligence agency the Mossad to a blast at a military facility in Iran, in which 17 people were killed and a further 15 wounded, has gained widespread coverage in the Israeli media on Monday.
While Iranian officials insist the explosion at the Bid Ganeh base was accidental, caused by the movement of ammunition, claims from anonymous western and Israeli officials that Saturday’s blast was a covert Israeli operation have gained momentum.
Leading Israeli daily Yediot Ahronot picked up a post by US blogger Richard Silverstein claiming the Mossad had teamed up with Iranian militant group Mujahideen e-Khalq (MEK) to execute the alleged attack. MEK denies involvement in the attack.
Leftwing broadsheet Ha’aretz also led with reports that a western intelligence source quoted in Time magazine had claimed the Mossad carried out the attack in an attempt to stall Iran’s development of a nuclear weapon. The official is said to have warned: “There are more bullets in the magazine.”
The blast at the base, which is reported to have been a storage facility for long-range missiles, was so powerful that it was said to have been felt 30 miles away in the capital, Tehran.
Among those killed was Major General Hassan Moghaddam, the Revolutionary Guard Commander charged with “ensuring self-sufficiency” in armaments, and described by Iranian media as a pioneer in Iranian missile development.
Israel’s defence minister, Ehud Barak, responded to news of Moghaddam’s death by saying: “May there be more like it.”
Prime minister Binyamin Netanyahu’s office refused to comment on growing speculation of the Mossad’s involvement. Ilan Mizrahi, former head of the national security council and former deputy head of the Mossad, also would not be drawn into substantiating the claims: “I have no idea whether this blast was accidental or whether it was sabotage. But I will say God bless those who were behind it, because the free world should be doing its best to prevent Iran from achieving nuclear military capability.”
Kickstarter: Low Cost, Open Source, 1KW Stirling Engine
November 15th, 2011For several years, I’ve wondered why there aren’t any affordable Stirling engines available that are capable of producing meaningful amounts of electricity.
I have no idea if Volo Designs will manage to pull it off, but I’m happy to help them try.
Via: Kickstarter:
More: Volo Designs
Occupy Wall Street: Cops Have Cleared Protesters from Zuccotti Park
November 15th, 2011Live video streams: Livestream, Ustream.
NYPD Manhattan Precincts 1-23 and Citywide 1-3 Live Audio Feed.
Via: AP:
Occupy Wall Street protesters have been ordered to leave Zuccotti Park, their longtime encampment in Lower Manhattan, but they’ve been told they can return once it has been cleaned.
At about 1 a.m. Tuesday, police handed out notices from the park’s owner, Brookfield Office Properties, and the city saying that the park had to be cleared because it had become unsanitary and hazardous. Protesters were told they could return in several hours, but without sleeping bags, tarps or tents.
Paul Browne, a spokesman for the New York Police Department, says most people began filing out of the park once they received the notices; one person was arrested for disorderly conduct. Brown says the park was not heavily populated Tuesday morning.
Rabbi Chaim Gruber, an Occupy Wall Street member, said police officers were clearing the streets near Zuccotti Park.
“The police are forming a human shield, and are pushing everyone away,” he said.
Diaspora Co-Founder Ilya Zhitomirskiy Dead; Possible Suicide
November 15th, 2011Via: Z6Mag:
The 22 year old co-founder of social network Diaspora died over the weekend in San Francisco. It’s been reported that Ilya Zhitomirskiy may have committed suicide, but it will take a couple of weeks to confirm the cause of death according to the medical examiner’s office.
In-Vitro Meat
November 14th, 2011Via: Reuters:
Scientists are cooking up new ways of satisfying the world’s ever-growing hunger for meat.
“Cultured meat” — burgers or sausages grown in laboratory Petri dishes rather than made from slaughtered livestock — could be the answer that feeds the world, saves the environment and spares the lives of millions of animals, they say.
Granted, it may take a while to catch on. And it won’t be cheap.
…
Using stem cells harvested from leftover animal material from slaughterhouses, Post nurtures them with a feed concocted of sugars, amino acids, lipids, minerals and all other nutrients they need to grow in the right way.
So far he has produced whitish pale muscle-like strips, each of them around 2.5 cm (1 inch) long, less than a centimeter wide and so thin as to be almost see-through.
Pack enough of these together — probably around 3,000 of them in layers — throw in a few strips of lab-grown fat, and you have the world’s first “cultured meat” burger, he says.
“This first one will be grown in an academic lab, by highly trained academic staff,” he said. “It’s hand-made and it’s time and labor-intensive, that’s why it’s so expensive to produce.”
Not to mention a little unappetizing. Since Post’s in-vitro meat contains no blood, it lacks color. At the moment, it looks a bit like the flesh of scallops, he says.
Like all muscle, these lab-grown strips also need to be exercised so they can grow and strengthen rather than waste away. To do this Post exploits the muscles’ natural tendency to contract and stretches them between Velcro tabs in the Petri dish to provide resistance and help them build up strength.


