UK Economic Outlook Slumps – UK May Lose Triple-A Rating If GDP Growth Continues To Disappoint, Warns Moody’s

UK economic outlook slumps on eurozone crisis (Guardian, July 31, 2012):
UK may lose triple-A rating if GDP growth continues to disappoint, Moody’s ratings agency warns

The UK’s economic outlook has weakened as a result of the eurozone debt crisis, Moody’s has said in a fresh blow to the chancellor George Osborne.

The ratings agency cut its forecasts for GDP growth, after figures last week showed the UK economy shrank by 0.7% in the second quarter – far more than expected.

Moody’s expects GDP to grow by just 0.4% this year and 1.8% in 2013, which is considerably more optimistic than many economists, who expect the economy to contract this year. Gerard Lyons at Standard Chartered said after the GDP figures were published: “I think it’s inconceivable that there will be positive growth this year.”

Moody’s warned on Tuesday that Britain could lose its triple-A rating if economic growth did not meet expectations, and if the country’s debt burden increased. It said the weaker economic environment could challenge the government’s efforts to reduce debt in the coming years.

Read moreUK Economic Outlook Slumps – UK May Lose Triple-A Rating If GDP Growth Continues To Disappoint, Warns Moody’s

Is Facebook’s Ad Model a Scam? … ‘This Is Why We Need To Delete This Page And Move Away From Facebook. They’re Scumbags And We Just Don’t Have The Patience For Scumbags’

FLASHBACK:

Facebook founder called trusting users ‘DUMB FUCKS’


Is Facebook’s Ad Model a Scam? (Naked Capitalism, July 30, 2012):

I’ve watched the Facebook phenomenon with considerable skepticism, and have refrained from commenting on it, save linking to stories such as GM canceling all of its Facebook ads because they didn’t see the benefit.

But this item via reader Chuck L was a real eye-opener. It suggests that Facebook may be a large-scale fraud. If not Facebook, who would be running the bots in question? Their second complaint, about the cost of a name change, is merely tacky customer-gouging, but the first suggests that the Facebook business model is a complete fail, whether the clicks are from Facebook bots or other bots.

I’ve snapshotted this page in case it disappears, but this is on Facebook now, from Limited Run:

Read moreIs Facebook’s Ad Model a Scam? … ‘This Is Why We Need To Delete This Page And Move Away From Facebook. They’re Scumbags And We Just Don’t Have The Patience For Scumbags’

India: 620 MILLION Without Power After 3 Power Grids Fail

600 million without power in India after 3 power grids fail (USA Today, July 31, 2012):

NEW DELHI (AP) – India’s energy crisis cascaded over half the country Tuesday when three of its regional grids collapsed, leaving 620 million people without government-supplied electricity in one of the world’s biggest-ever blackouts.

Hundreds of trains stalled across the country and traffic lights went out, causing widespread traffic jams in New Delhi. Electric crematoria stopped operating, some with bodies half burnt, power officials said. Emergency workers rushed generators to coal mines to rescue miners trapped underground.

Read moreIndia: 620 MILLION Without Power After 3 Power Grids Fail

Four Sentenced To Death Over $2.6 BILLION Iran Bank Fraud

Four sentenced to death over $2.6bn Iran bank fraud (BBC News, July 30, 2012):

Four people have been sentenced to death for their roles in Iran’s biggest-ever bank fraud scandal.

Two other defendants received life sentences, while 33 more will spend up to 25 years in jail, the chief prosecutor was quoted as saying.

The scandal involved forged documents reportedly used by an investment company to secure loans worth $2.6bn.

Read moreFour Sentenced To Death Over $2.6 BILLION Iran Bank Fraud

Factbox: A brief history of Israeli espionage scandals (Reuters)

Factbox: A brief history of Israeli espionage scandals (Reuters, Feb 17, 2012):

Israeli Foreign Minister Avigdor Lieberman said Wednesday there was no proof that the Mossad spy agency assassinated a Hamas commander in Dubai, despite the suspected hit squad’s use of the identities of foreign-born Israelis.

Few Israeli commentators, however, appeared to doubt the Mossad had a role in the January 20 death of Mahmoud al-Mabhouh, which became a cause celebre after Hamas demanded a murder investigation.

Here are some previous international scandals involving Mossad and other Israeli intelligence agencies.

Read moreFactbox: A brief history of Israeli espionage scandals (Reuters)

US Army Orders Riot Gear As Build Up For Civil Unrest And Eventual Martial Law Continues

US Army Orders Riot Gear As Build Up For Civil Unrest and Eventual Martial Law Continues (The Intel Hub, July 30, 2012):

An early June 2012 solicitation posted on the FedBizOpps.gov website details the US Armies need and eventual purchase of a wide variety of riot control gear including riot shields, batons, and body armor.

The contract, eventually awarded to A2Z Supply Corp, lines up directly with a long line of reports, drills, purchases, and statements that indicate that the federal government is preparing for an eventual large scale confrontation or civil war with the American people.

Read moreUS Army Orders Riot Gear As Build Up For Civil Unrest And Eventual Martial Law Continues

Keiser Report: Hang ‘Em High! (Video)


YouTube Added: 28.07.2012

Description:

In this episode, Max Keiser presents a double header with co-host, Stacy Herbert, to discuss crime and punishment in the financial sector. In London, JP Morgan banker, Tony Blair, has responded to the Keiser Report with his claim that hanging 20 bankers will not help and that, in fact, he asserts, public anger with the financial crisis is wrong. They also discuss the ‘blazer over cuffs look’ being the new black this season as Sean Fitzpatrick is arrested in Dublin, while over in Pennsylvania, Joe Paterno’s statue is draped in blue tarpaulin and hauled away as bond investors punish the university with higher rates and Moody’s threatens a downgrade. Finally, in Los Angeles, victims of vandalism are shocked to discover that it was a senior UBS banker who was smashing windows with a slingshot.

Michel Chossudovsky: ‘Panetta Has Blood On His Hands For Supporting Syria Rebels’ (Video)


YouTube Added: 30.07.2012

Description:

The U.S. military chief says the fighting in Syria’s largest city of Aleppo will ultimately be ‘a nail in President Assad’s coffin’. Leon Panetta is currently on a Middle East tour, promising to continue to push for Assad’s departure. RT spoke to Michel Chossudovsky from the Centre for Research on Globalization. He believes there are indications that NATO states may soon move from war mongering against the Syrian regime to real action.

Related info:

William Engdahl: ‘World Being Readied For Aggression Against Syria’

Webster Tarpley: NATO’s Al-Qaeda Wing Clipped In Syria (Video)

Read moreMichel Chossudovsky: ‘Panetta Has Blood On His Hands For Supporting Syria Rebels’ (Video)

Whistleblocking: Obama Regime Spends Record Amounts To Keep Secrets Out – Former Senior NSA Executive: ‘Extraordinary Chilling Message’; ‘Power Elites Don’t Like Dirty Linen Being Aired’ (Video)


YouTube Added: 30.07.2012

Description:

US security agencies have acquired even more powers under president Obama – that’s despite his pre-election pledges to make the government more open to ordinary citizens. Instead, his administration is spending record amounts to keep its secrets – and is cracking down on whistleblowers.