Nigel Farage: Van Rompuy, Barroso Worst People In EU Since 1945 – ‘All We Do Is Kick The Can Down The Road’ – ‘The Whole Thing Is Headed For A Gigantic Bust’ – ‘There Is Not Enough Money In Europe To Bail Out Italy’ (Video)


YouTube Added: 29.06.2012

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After a tough night of wrangling, EU leaders have agreed to set up a new authority – tasked with keeping sinking banks afloat. And to do that, the new agency will be given access to Europe’s mammoth bailout funds – stocked in a large part by taxpayer money. This exact function was previously carried out by governments. But now, the EU can bailout a nation’s banks – without adding to the government’s debt levels – at least on the books. It’s something that Germany strongly opposed, but was forced to relent on due to Spanish and Italian insistence. Nigel Farage, a member of the European Parliament and leader of the UK Independence Party, believes that it’s Germany who plays the deciding role in these talks.

The Dummy’s Guide To Healthcare (Video)

The Dummy’s Guide To Healthcare (ZeroHedge, June 28, 2012):

Initially presenting the potential problems of our current healthcare environment, the creator of ‘the bears that explained Quantitative Easing’ provides much food for thought on the unintended consequences of Obamacare (in all its 2700 page glory). For everything you need to know about how it devolved to this (“To understand healthcare in America, you have to think about bananas”) and how to think about the new tax’s potential implications (e.g. lower quality of service, capped hiring rates among employers), seven minutes well spent.


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The Story That Got Bloomberg News Blocked In China

The Story That Got Bloomberg News Blocked In China (ZeroHedge, June 2,, 2012):

Bloomberg News may be the most read news source in the world, but as of today, it is no longer available in China. Why? According to Bloomberg TV News Editor Denise Pellegrini, all it takes is for some investigative reporting exposing the dirty laundry, or in this case the even dirtier assets of one Xi Jinping – “the man in line to be China’s next president.” In “Xi Jinping Millionaire Relations Reveal Fortunes of Elite” Bloomberg writes: “Xi warned officials on a 2004 anti-graft conference call: “Rein in your spouses, children, relatives, friends and staff, and vow not to use power for personal gain.” As Xi climbed the Communist Party ranks, his extended family expanded their business interests to include minerals, real estate and mobile-phone equipment, according to public documents compiled by Bloomberg. Those interests include investments in companies with total assets of $376 million; an 18 percent indirect stake in a rare- earths company with $1.73 billion in assets; and a $20.2 million holding in a publicly traded technology company.” That a country’s will seek to block the internet when the wealth of its humble leaders is exposed is expected. However, what is unexpected is that the hidden assets of China’s president in waiting are rather easily discovered is troubling: it means Goldman has still much work to do in China, and much more advisory work to the country’s elite over how to best hide its assets in various non-extradition locations around the world under assorted HoldCos. Just like in the US. The good news, for GS shareholders, however, is that this indeed provides a huge new potential revenue stream.

More from Bloomberg:

Xi has risen through the party over the past three decades, holding leadership positions in several provinces and joining the ruling Politburo Standing Committee in 2007. Along the way, he built a reputation for clean government.

Read moreThe Story That Got Bloomberg News Blocked In China

A Mystery In The Syrian Desert


Archaeologist Robert Mason spoke at the Semitic Museum about the discovery of mysterious rock formations near the Syrian monastery Deir Mar Musa (above), and the need for further exploration.

Desert mystery (Harvard Gazette, June 22, 2012):

There’s a mystery in the Syrian desert shielded by the conflict tearing apart the Middle Eastern nation.

In 2009, archaeologist Robert Mason of the Royal Ontario Museum was at work at an ancient monastery when, walking nearby, he came across a series of rock formations: lines of stone, stone circles, and what appeared to be tombs.

Mason, who talked about the finds and about archaeology at the monastery on Wednesday at Harvard’s Semitic Museum, said that much more detailed examinations are needed to understand the structures, but that he isn’t sure when he will be able to return to Syria, if ever.

Analysis of fragments of stone tools found in the area suggests the rock formations are much older than the monastery, perhaps dating to the Neolithic Period or early Bronze Age, 6,000 to 10,000 years ago. Mason also saw corral-like stone formations called “desert kites,” which would have been used to trap gazelles and other animals. The region is dry today (“very scenic, if you like rocks,” Mason said), but was probably greener millennia ago.

It was clear, Mason said, that the purpose of the stone formations was entirely different from that of the stone-walled desert kites. The kites were arranged to take advantage of the landscape and direct the animals to a single place, while the more linear stone formations were made to stand out from the landscape. In addition, he said, there was no sign of habitats.

“What it looked like was a landscape for the dead and not for the living,” Mason said. “It’s something that needs more work and I don’t know if that’s ever going to happen.”

The monastery is home to many frescoes — some badly damaged— depicting Christian scenes, female saints, and Judgment Day.

In a talk in 2010, Mason said he felt like he’d stumbled onto England’s Salisbury Plain, where Stonehenge is located, leading to the formations being dubbed “Syria’s Stonehenge.”

Read moreA Mystery In The Syrian Desert

Residents Continue To Flee Fukushima One Year After Disasters

Residents continuing to flee Fukushima one year after disasters: ministry (Japan Times/Jiji, June 28, 2012):

Fukushima saw a net outflow of 9,779 residents between March and May this year, indicating the prefecture is continuing to lose residents more than 12 months after the nuclear crisis started, according to data compiled by the internal affairs ministry.

However, the findings also showed that around 45 percent fewer residents departed compared to the mass exodus of 17,524 in the same period last year, following the meltdowns at the Fukushima No. 1 nuclear plant sparked by the Great East Japan Earthquake.

Read moreResidents Continue To Flee Fukushima One Year After Disasters

Cold Shutdown In Japan: ‘The Highest Level Of Radiation To Date Detected At Fukushima No.1 Reactor’ (NHK, June 27, 2012)

Highest radiation found at Fukushima No.1 reactor (NHK, June 27, 2012):

The highest level of radiation to date has been detected inside the No.1 reactor vessel at the Fukushima Daiichi nuclear power plant.

Tokyo Electric Power Company said it used endoscopes and dosimeters to examine the interior of the reactor on Tuesday. Internal measurements were made for the first time since the accident in March last year.

The utility detected a record level of 10,300 millisieverts per hour. The measurement was taken 20 centimeters above the surface of a contaminated water puddle in the reactor’s suppression chamber. This high level of radiation would be fatal for humans within 50 minutes. No broken parts were identified in the containment vessel during the survey.

1,000 millisieverts per hour was detected about 4 meters above the water surface. The figure is 10 times higher than measured in the No.2 and No.3 reactors.

Read moreCold Shutdown In Japan: ‘The Highest Level Of Radiation To Date Detected At Fukushima No.1 Reactor’ (NHK, June 27, 2012)