Egypt Debt Buoyed by Obama Guarantee for $1 Billion Eurobonds
June 14th, 2011How many houses of cards are being held up by the U.S. Dollar regime??? The thing is insidious. It has crept into most countries. This is why I’ve always maintained that it’s going to be impossible to determine the implications of a hard U.S. Dollar collapse.
Via: Bloomberg:
President Barack Obama’s guarantee on $1 billion of Egyptian Eurobonds is poised to reduce the country’s borrowing costs, helping the transition to democracy after six decades of autocratic rule.
The support that Obama pledged last month may cut yields on the five-year debt by 200 basis points, or the equivalent of $100 million, according to the median estimate of five fund managers surveyed by Bloomberg. Yields on Egypt’s one-year bills jumped to the highest level since November 2008 following the uprising that ousted President Hosni Mubarak in February. The country last sold international debt in April 2010.
“The American backing is a complete game changer,” Michael Cirami, who helps manage $12 billion in assets for Boston-based Eaton Vance Corp., said in a telephone interview. “There may be a spill-over effect that it’s going to reduce the risk premium of their non-guaranteed debt and help them re-enter the market eventually on their own.”
Secret Grand Jury Looking Into Atrocities at Abu Ghraib
June 14th, 2011Unless Bush, Cheney and Rumsfeld wind up behind bars, it’s just another distraction. Come to think of it, even if they were thrown in prison, the other members of the Project for a New American Century would still be free to kill again.
Via: Time:
It has been nearly a decade since Manadel al-Jamadi, an Iraqi prisoner known as “the Iceman” — for the bungled attempt to cool his body and make him look less dead — perished in CIA custody at Abu Ghraib. But now there are rumbles in Washington that the notorious case, as well as other alleged CIA abuses, could be returning to haunt the agency. TIME has learned that a prosecutor tasked with probing the CIA — John Durham, a respected, Republican-appointed U.S. Attorney from Connecticut — has begun calling witnesses before a secret federal grand jury in Alexandria, Va., looking into, among other things, the lurid Nov. 4, 2003, homicide, which was documented by TIME in 2005.
TIME has obtained a copy of a subpoena signed by Durham that points to his grand jury’s broader mandate, which could involve charging additional CIA officers and contract employees in other cases. The subpoena says “the grand jury is conducting an investigation of possible violations of federal criminal laws involving War Crimes (18 USC/2441), Torture (18 USC 243OA) and related federal offenses.”
Vietnam Holds Live-Fire Exercises as Territorial Dispute with China Escalates
June 14th, 2011Via: Guardian:
China has warned other countries not to become involved in an escalating sea border dispute with Vietnam that reflects concern over Beijing’s increasing international power and confidence.
Experts say the stand-off between China and Vietnam – two of the six powers laying claim to a number of islands and their surrounding waters in the South China Sea – is the worst for more than two decades. Vietnam held live-fire exercises off its coast on Monday, in what analysts said was a response without precedent.
The complex dispute over sovereignty in the 1.2m square miles of sea has been simmering for decades, but has grown increasingly fractious in the past few years. Brunei, Malaysia, the Philippines and Taiwan also lay claim to parts of the sea.
As much as a third of the world’s trade passes through the Malacca Strait. Countries are also competing to tap the sea’s energy resources and exploit its fish stocks.
Burzynski: Cancer Is Serious Business
June 14th, 2011Via: burzynskimovie.com:
Firewall for Medical Implants
June 14th, 2011Via: MIT News:
Millions of Americans have implantable medical devices, from pacemakers and defibrillators to brain stimulators and drug pumps; worldwide, 300,000 more people receive them every year. Most such devices have wireless connections, so that doctors can monitor patients’ vital signs or revise treatment programs. But recent research has shown that this leaves the devices vulnerable to attack: In the worst-case scenario, an attacker could kill a victim by instructing an implantable device to deliver lethal doses of medication or electricity.
At the Association for Computing Machinery’s upcoming Sigcomm conference, researchers from MIT and the University of Massachusetts-Amherst (UMass) will present a new system for preventing such attacks. The system would use a second transmitter to jam unauthorized signals in an implant’s operating frequency, permitting only authorized users to communicate with it. Because the jamming transmitter, rather than the implant, would handle encryption and authentication, the system would work even with existing implants.
Kitco Named By Revenue Quebec In Massive Tax Fraud Investigation, Seeks Receivership
June 14th, 2011I meant to post this a couple of days ago, but it was stuck in ‘draft’ status.
Via: Jesse’s Café Américain:
Here is a translation of the Revenue Quebec press release from The Financial Post.
The Post has also reported that Kitco has asked the court to appoint a receiver.
“Kitco Metals Inc. has never participated in any tax fraud, nor has it ever carried out any fictitious transactions. In all respects, Kitco vigorously contests all aspects of Revenu Québec’s investigation,” it said.
The company said it has asked Superior Court of Québec to appoint an interim receiver so that it may continue normal operations under the supervision of the accounting firm RSM Richter. The action was taken “to allow for the time required to vigorously contest Revenu Québec’s unfounded claims.”
It will be interesting to see if Kitco gets the receivership they have requested, and how this affects the settlements, if any, of their unallocated pools of gold and silver.
There may be more to this than appears on the surface based on the company’s request for the court to appoint a receivership so that it may “continue normal operations.”
Greek Parliament Preparing Evacuation Tunnel Ahead of Austerity Vote [???]
June 13th, 2011Via: Covering Delta:
I just became aware of this report from Kontra channel here in Greece. Apparently, a tunnel that leads from Lykavitos to the Greek parliament, and from there to the sea port of Piraeus, is being cleaned out by foreign workers in preparation for the possible evacuation of Greek MP’s in the event of a storming of parliament ahead of wednesday’s vote on the new memorandum.
Blackwater Hires Former AIG Regulatory Compliance Chief
June 13th, 2011I couldn’t make it up if I tried.
Via: Wired:
Nothing says, “We’re through with scandal!” quite like hiring a former executive from one of the country’s leading economic bloodsuckers.
Blackwater — sorry, Xe Services — really wants to turn the PR page from the bad old days of Nisour Square, when the infamous private security firm’s guards killed 17 Iraqi civilians. It’s no longer owned by Erik Prince, who may be involved in yet another shady mercenary firm. It’s on a hiring spree for new executives. And that’s kind of the problem.
Xe’s new owners, USTC Holdings, aren’t exactly bringing in scandal-free talent to run Xe v.2.0. On Monday, they announced Xe’s new “Chief Regulatory & Compliance Officer,” a new position for the company, will be Suzanne Folsom, most recently of insurance giant AIG.
Yes, the woman in charge of making sure the world’s most infamous private security firm is in compliance with U.S. laws and regulations is a veteran of the insurance giant that helped plunge the country into financial chaos. The public bailed out AIG to the tune of $182 billion. Folsom — then as now, regulatory compliance chief for a scandal-plagued firm — got a golden parachute reportedly worth $1 million.
New And Improved FBI Domestic Investigations and Operations Guide, Now With Even Fewer 4th Amendment Protections
June 13th, 2011Via: New York Times:
The Federal Bureau of Investigation is giving significant new powers to its roughly 14,000 agents, allowing them more leeway to search databases, go through household trash or use surveillance teams to scrutinize the lives of people who have attracted their attention.
…
Some of the most notable changes apply to the lowest category of investigations, called an “assessment.” The category, created in December 2008, allows agents to look into people and organizations “proactively” and without firm evidence for suspecting criminal or terrorist activity.
Under current rules, agents must open such an inquiry before they can search for information about a person in a commercial or law enforcement database. Under the new rules, agents will be allowed to search such databases without making a record about their decision.
Mr. German said the change would make it harder to detect and deter inappropriate use of databases for personal purposes. But Ms. Caproni said it was too cumbersome to require agents to open formal inquiries before running quick checks. She also said agents could not put information uncovered from such searches into F.B.I. files unless they later opened an assessment.
The new rules will also relax a restriction on administering lie-detector tests and searching people’s trash. Under current rules, agents cannot use such techniques until they open a “preliminary investigation,” which — unlike an assessment — requires a factual basis for suspecting someone of wrongdoing. But soon agents will be allowed to use those techniques for one kind of assessment, too: when they are evaluating a target as a potential informant.
Agents have asked for that power in part because they want the ability to use information found in a subject’s trash to put pressure on that person to assist the government in the investigation of others. But Ms. Caproni said information gathered that way could also be useful for other reasons, like determining whether the subject might pose a threat to agents.
The new manual will also remove a limitation on the use of surveillance squads, which are trained to surreptitiously follow targets. Under current rules, the squads can be used only once during an assessment, but the new rules will allow agents to use them repeatedly. Ms. Caproni said restrictions on the duration of physical surveillance would still apply, and argued that because of limited resources, supervisors would use the squads only rarely during such a low-level investigation.
The revisions also clarify what constitutes “undisclosed participation” in an organization by an F.B.I. agent or informant, which is subject to special rules — most of which have not been made public. The new manual says an agent or an informant may surreptitiously attend up to five meetings of a group before those rules would apply — unless the goal is to join the group, in which case the rules apply immediately.
CopBlock: Manchester PD
June 13th, 2011Via: Cop Block:
