Month: January 2014

Chris Christie Busted: Port Authority Official Says NJ Governor Lied About Lane Closings, “Has Evidence To Prove It”

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Chris-Christie

– Christie Busted: Port Authority Official Says NJ Governor Lied About Lane Closings, “Has Evidence To Prove It” (ZeroHedge, Jan 31, 2014):

The sharks are circling Chris Christie who just sprung a bloody leak (either that or the population must really need to be distracted from a horrible January for stocks and what may be coming next). Moments ago the NYT reported that the former Port Authority official who personally oversaw the lane closings on the George Washington Bridge “said that the governor knew about the lane closings when they were happening, and that he had the evidence to prove it.” Of course, if such evidence exists, Christie can call it a career after claiming the opposite on numerous occasions in the past month. Of course, one wonders whether Obama would have been impeached by now had the “independent and impartial media” hounded him with the same fervor for his numerous transgressions and repeated lies to the American public. Alas, we will never know the answer.

From the NYT:

Read moreChris Christie Busted: Port Authority Official Says NJ Governor Lied About Lane Closings, “Has Evidence To Prove It”

Feds Threatening Michigan Family Farm With Armed Raid

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– Exclusive: Feds threatening Michigan family farm with armed raid (Natural News, Jan 31, 2014):

A Michigan farmer says he could be facing an armed raid by government agents soon, following a lengthy disagreement with state Department of Natural Resources officials over his refusal to obey an order to kill his feral pigs.

Mark Baker, owner of Baker’s Green Acres, told Natural News in an interview that he was informed recently by a former business associate that local state and federal agriculture officials have been forbidden from contacting him because he is potentially dangerous.

Read moreFeds Threatening Michigan Family Farm With Armed Raid

Two Dozen U.S. Generals And Admirals Investigated For Sexual Misconduct

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– Two Dozen Generals and Admirals Investigated for Sexual Misconduct (AllGov, Jan 30, 2014):

If it’s not being criticized for failing to crackdown on sexual assaults, the U.S. military is enduring embarrassing revelations about senior commanders accused of sexual misconduct.

The Washington Post reports numerous generals and admirals have been accused of inappropriate sexual behavior ranging from assaults to having extramarital affairs.

Read moreTwo Dozen U.S. Generals And Admirals Investigated For Sexual Misconduct

JPMorgan Loses 44% of Gold Inventories In Just 4 Days!

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– JPMorgan Loses 44% of Gold Inventories in 4 Days! (SilverDoctors, Jan 29, 2014):

In another stunning withdrawal, JP Morgan had  an additional 321,500 oz  gold ounces removed from its vaults today.
Since last Thursday, JP Morgan has lost 44% (20 metric tons = 643,000 oz) of its gold inventories.
If a picture is worth a thousand words, then the table below is worth over $400 million (at current market prices):

From the SRSRocco Report:

Comex-Gold-Inventories-012814

Here is the Comex inventory table for last Thursday:

Read moreJPMorgan Loses 44% of Gold Inventories In Just 4 Days!

Hawaii: More Than 500 Deep-Sea Lanternfish, Squid Found Dead Or Dying

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– More than 500 deep-sea lanternfish, squid found dead or dying in Nawiliwili area (Honolulu Star Advisor, Jan 29, 2014):

Between 500 and 800 lanternfish and squid were found dead or dying in the Nawiliwili Harbor area on Monday, prompting in investigation by state and federal officials into what caused the die-off.

The lanternfish and squid are typically found in the deep ocean, but are also known for their nightly vertical migrations to shallower depths, the Department of Land and Natural Resources said in a press release issued today.

Read moreHawaii: More Than 500 Deep-Sea Lanternfish, Squid Found Dead Or Dying

RECOVERY: Nearly Half Of America Lives Paycheck-To-Paycheck

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… BUT …

“The economic picture is looking brighter these days.”

– Nearly Half of America Lives Paycheck-to-Paycheck (TIME, Jan 30, 2014):

The economic picture is looking brighter these days. The federal government announced Thursday that economic growth had picked up to its fastest pace in two years, while employment growth over the past five months has averaged a healthy 185,000 new jobs. But as evidenced by a report out Thursday from the Corporation for Enterprise Development, nearly half of Americans are living in a state of “persistent economic insecurity,” that makes it “difficult to look beyond immediate needs and plan for a more secure future.”

Read moreRECOVERY: Nearly Half Of America Lives Paycheck-To-Paycheck

Bankruptcy In The USSA: Detroit Bondholders About To Be GM’ed In Favor Of Pensioners

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Obama-Communist

– Bankruptcy In The USSA: Detroit Bondholders About To Be GM’ed In Favor Of Pensioners (ZeroHedge, Jan 31, 2014):

First, the Obama administration showed that when it comes to most preferred voter classes in the eyes of the Obama administration, some unsecured creditors – namely labor unions, and the millions of votes they bring – are more equal than other unsecured creditors – namely bondholders, and the zero votes they bring. Five years later we are about to get a stark reminder that under the superpriority rule of a community organizer for whom “fairness” trumps contract law any day, it is now Detroit’s turn to make a mockery of the recovery waterfall. As it turns out, bankrupt Detroit is proposing to favor pension funds at roughly double the rate of bondholders to resolve an estimated $18 billion in long-term obligations, according to a draft of a debt-cutting plan reviewed by The Wall Street Journal.

Read moreBankruptcy In The USSA: Detroit Bondholders About To Be GM’ed In Favor Of Pensioners

Third Banker, Former Fed Member, ‘Found Dead’ Inside A Week

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– Third Banker, Former Fed Member, “Found Dead” Inside A Week (ZeroHedge, Jan 31, 2014):

If the stock market were already crashing then it would be simple to blame the dismally sad rash of dead bankers in the last week on that – certainly that was reflected in 1929. However, for the third time in the last week, a senior financial executive has died in what appears to be a suicide. As Bloomberg reports, following the deaths of a JPMorgan senior manager (Tuesday) and a Deutsche Bank executive (Sunday), Russell Investments’ Chief Economist (and former Fed economist) Mike Dueker was found dead at the side of a highway in Washington State. Police said the death appeared to be a suicide.

Via Bloomberg,

Mike Dueker, the chief economist at Russell Investments, was found dead at the side of a highway that leads to the Tacoma Narrows Bridge in Washington state, according to the Pierce County Sheriff’s Department. He was 50.

Read moreThird Banker, Former Fed Member, ‘Found Dead’ Inside A Week

Amazon Shares Drop 10%, Triggering SEC Short Sale Rule

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– Amazon Drops 10% – Triggers SEC Short Sale Rule (ZeroHedge, Jan 31, 2014):

Despite the best efforts of CNBC to have every bull on Amazon explain how great it really is and how they could enable to magical profit machine any minute if they so choose, the hedge fund hotel stock du jour is now down 10% and Bloomberg headlines blare:

  • *SEC Short Sale Rule 201 is in Effect : AMZN (NASDAQ)

Last night’s algo-ramp to VWAP (on rising Prime prices?) is a long-distant memory now…

Amazon drops 10 percent

Greece Is Back: Germany, France, Creditors Hold Secret Meeting Due To Greek Bailout ‘Mounting Concerns’

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– Greece Is Back: Germany, France, Creditors Hold Secret Meeting Due To Greek Bailout “Mounting Concerns” (ZeroHedge, Jan 31, 2014):

There was a time – roughly between May 2010 and the spring fall of 2011 – when all the world had to worry about was Greece. Then the realization finally dawned that since a Grexit from the Eurozone would kill the EUR and the European integration dream with so much “political capital” invested, crush Deutsche Bank, and bring back the much dreaded (by German exporters) Deutsche Mark, it became clear that there is no fear that Greece, which is now a decrepit shell of a country with a collapsed economy and society in shambles, has now become a slave state to European bureaucrats, business and banks (in Nigel Farage’s words), will never be formally kicked out of Europe and only an internal coup would allow it to finally break free from the clutches of unelected European tyrants. And then the world moved on to more important things: like Japan, China Emerging Markets and how they are all enjoying the Fed’s taper. Sadly, we have to report, that Greece is once again baaaaack.

Read moreGreece Is Back: Germany, France, Creditors Hold Secret Meeting Due To Greek Bailout ‘Mounting Concerns’

The Very First Porsche (1898) Was An Electric Car And Sat Untouched In A Warehouse For 111 Years

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The Very First Porsche (1898) Was An Electric Car And Sat Untouched In A Warehouse For 111 Years
It looks steampunk, but it’s really an electric vehicle.(Credit: Porsche)

– Porsche’s 1898 e-car returns after a century in storage (CNET, Jan 28, 2014):

The very first Porsche, an electric carriage, sat untouched in a warehouse for 111 years, but now it’s come home.

On June 26, 1898, Ferdinand Porsche’s “Egger-Lohner C.2 electric vehicle,” better known as the “P-1,” rolled on to the streets of Vienna for the first time. In 1899, the P-1 took the gold medal (by a full 18 minutes!) against a field of other electric vehicles in Berlin. Then in 1902, as Porsche put the first all-wheel drive passenger car into production, the P-1 was parked in a warehouse…where it sat untouched for the next 111 years.

After missing two world wars, the entire Berlin Wall era, and six “Fast and Furious” flicks during the intervening 11 decades, Porsche says in a release (PDF) the P-1 has now been recovered and is on permanent display, unrestored, at the Porsche Museum in Stuttgart, Germany.

Read moreThe Very First Porsche (1898) Was An Electric Car And Sat Untouched In A Warehouse For 111 Years

Nuclear Engineer: Even Worse News At Fukushima Plant – Radioactive Water Is Flowing Straight Into Pacific Ocean

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– Nuclear Engineer: Even worse news at Fukushima plant — Radioactive water has formed pathway and is flowing straight into Pacific Ocean (AUDIO) (ENENews, Jan 31, 2014):

Chris Harris, former licensed Senior Reactor Operator and engineer, Jan. 30, 2014:

At 36:30 in

Even Worse News At Fukushima Plant - Radioactive Water Is Flowing Straight Into Pacific Ocean

At 45:45 in

Read moreNuclear Engineer: Even Worse News At Fukushima Plant – Radioactive Water Is Flowing Straight Into Pacific Ocean

NHK broadcaster quits in protest over nuclear issues – Professor censored after 20 years on air – Was to reveal ‘extraordinarily high’ damages

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– NHK broadcaster quits in protest over nuclear issues — Professor censored after 20 years on air — Was to reveal ‘extraordinarily high’ damages — Newly installed NHK chief ‘enthusiastic’ to help spread gov’t messages to audience (ENENews, Jan 30, 2014):

Asahi Shimbun, Jan. 30, 2014: A veteran radio show commentator quit his job at [NHK] after the public broadcaster told him to drop the subject of nuclear power during the Tokyo gubernatorial election, sources said. For about 20 years, Toru Nakakita, a professor of economics at Toyo University, had been in charge of the “Business Outlook” segment of the “Radio Asa Ichiban” show aired weekdays from 5 a.m. to 8 a.m. on NHK Radio Daiichi. […] the Jan. 30 program pointed out the increase in costs for the resumption of nuclear reactor operations, saying “damages to be paid in the wake of a nuclear plant accident are extraordinarily high.” […] Nakakita, formerly with the Foreign Ministry, served as the deputy chairman of the Council for the Asian Gateway Initiative in the first Shinzo Abe Cabinet.

Read moreNHK broadcaster quits in protest over nuclear issues – Professor censored after 20 years on air – Was to reveal ‘extraordinarily high’ damages

11-Year-Old Girl BANNED From Selling Cupcakes By Control Freak Government Bureaucrats

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Marble-Cupcakes

– 11-Year-Old Girl BANNED From Selling Cupcakes By Control Freak Government Bureaucrats (Economic Collapse, Jan 30, 2014):

America is being suffocated to death by red tape.  You are about to read about an 11-year-old girl in Illinois that had her cupcake business brutally shut down by government bureaucrats.  Her name is Chloe Stirling and her crime was doing something that we used to applaud young people in America for doing.  Instead of sitting on her sofa and watching television all day, she actually started her own business.  And it turned out there her little business started thriving.  In fact, it started doing so well that a local newspaper took notice of it.  Well, that is when the control freaks swooped in and took her business away and banned her from selling any more cupcakes.  The really sad thing is that people are being paid to do this with our tax dollars.  All over America, little entrepreneurs are having their lemonade stands shut down and are being banned from selling Girl Scout cookies, and our tax dollars are paying the people that are doing it.  As I wrote about earlier this month, the level of economic freedom in the United States is at an all-time low, and it gets worse with each passing year.  The country that so many of us love is dying, and it is being replaced with something that I like to call “the USSA”.

Read more11-Year-Old Girl BANNED From Selling Cupcakes By Control Freak Government Bureaucrats

The Iceland Success Story: Let Banks Fail, Jail The Banksters … Only 4% Unemployment – It’s A Story Of How To Fool People. And For Now, It’s Working.

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Flashback:

– Iceland’s Jailed Bankers ‘A Model’ For Dealing With ‘Financial Terrorists’

– Iceland Cancels EU Membership Bid

– The Secret Sauce Of Iceland’s Success Story: Debt Liquidation?

– How Iceland Overthrew The Banks: The Only 3 Minutes Of Any Worth From Davos (Video)

– Impossible In America: ‘Executives At Collapsed Iceland Bank Jailed For Fraud’ (Reuters)

– The Icelandic Success Story

– Iceland’s Economy Now Growing Faster Than The U.S. And EU After Arresting The Banksters

– Here Is What Happens If You Do Not Bail Out The Banksters And Avoid Getting Raped By The IMF

If all of this sounds also for you almost too good to be true …

… then you should read this article:

– We’ve Been Lied To About Iceland’s ‘Recovery’:

It turns out, most of these claims are dead wrong.

…

Despite being so widely reported by the mainstream financial media, Iceland is not a story of model economic recovery. It’s a story of how to fool people. And for now, it’s working.

Iceland

– Let Banks Fail Is Iceland Mantra as 2% Joblessness in Sight (Bloomberg, Jan 27, 2014):

Iceland let its banks fail in 2008 because they proved too big to save.

Now, the island is finding crisis-management decisions made half a decade ago have put it on a trajectory that’s turned 2 percent unemployment into a realistic goal.

While the euro area grapples with record joblessness, led by more than 25 percent in Greece and Spain, only about 4 percent of Iceland’s labor force is without work. Prime MinisterSigmundur D. Gunnlaugsson says even that’s too high.

Read moreThe Iceland Success Story: Let Banks Fail, Jail The Banksters … Only 4% Unemployment – It’s A Story Of How To Fool People. And For Now, It’s Working.

Physician: ‘It’s predicted that in fact [radioactive particles] may concentrate as much on the West Coast as anywhere in Fukushima as it keeps coming wave after wave’

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– Physician: “It’s predicted that in fact [radioactive particles] may concentrate as much on the West Coast as anywhere in Fukushima as it keeps coming wave after wave” (VIDEO) (ENENews, Jan 29, 2014):

City Channel 4, Published Jan. 21, 2014 (at 35:45):

Audience Question: I recently received a YouTube depicting radioactive contamination across the Pacific near to the U.S. West Coast as a result of the Fukushima reactor. No other news source appears to have acknowledged this scenario least of all the mainstream media. Is that fact or fiction.

Dr. Maureen McCue, founding member, faculty, and former director of the University of Iowa Global Health Studies Program and adjunct clinical professor in the Colleges of Public Health: I think it’s it fact that the mainstream media has not covered the phenomenon. I think we also experience regulatory capture in this country. I don’t know and I don’t think any of us know how much of the contamination is approaching the West Coast. It makes sense, when you look at ocean currents and wind streams, and the movement of marine life, that it will eventually reach the West Coast. In what concentrations, what amounts, nobody actually knows. It’s predicted that in fact it may concentrate as much on the West Coast as anywhere in Fukushima as it keeps coming wave after wave.

Read morePhysician: ‘It’s predicted that in fact [radioactive particles] may concentrate as much on the West Coast as anywhere in Fukushima as it keeps coming wave after wave’

The Minnesota Starvation Experiment That Starved Men Almost To Death

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– The US wartime experiment that starved men almost to death (io9):

Towards the end of World War II, word got through that certain people in occupied territories were eating a near-starvation diet. American researchers wanted to study the effects of starvation, so they recruited volunteers – and starved them some more.

The Minnesota Starvation Experiment pretty much lived up to its name. It was an early experiment in nutrition prompted by news about the conditions in Europe during World War II. The full horror of concentration camps was still to come, but word came in that people in war-torn territories were living on severely restricted diets. Everyone knew that things were going to get worse before they got better, and concerned researched wanted to find out the effects of starvation and how to rehabilitate a severely starved person. In November of 1944, at The University of Minnesota, a study began on the effects of starvation.

Read moreThe Minnesota Starvation Experiment That Starved Men Almost To Death

Is Google Cornering The Market On Deep Learning?

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– Is Google Cornering the Market on Deep Learning? (MIT Technology Review, Jan 29, 2014):

A cutting-edge corner of science is being wooed by Silicon Valley, to the dismay of some academics.

How much are a dozen deep-learning researchers worth? Apparently, more than $400 million.

This week, Google reportedly paid that much to acquire DeepMind Technologies, a startup based in London that had one of the biggest concentrations of researchers anywhere working on deep learning, a relatively new field of artificial intelligence research that aims to achieve tasks like recognizing faces in video or words in human speech (see “Deep Learning”).

Read moreIs Google Cornering The Market On Deep Learning?

Netanyahu Wants UN Of The Internet: ‘Turn The Curse Into A Blessing’

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In case you want to know who really is a curse (and has never been a blessing) for humanity:

– On record: Benjamin Netanyahu: ‘America is something that can easily be moved.’ ‘The world won’t say a thing.’ ‘The world will say we’re defending.’ (Video)

– Former PM Olmert: Netanyahu Wasted Billions On Iran ‘Hallucinations’

– Israeli PM Benjamin Netanyahu: I Don’t Care What UN Says About Settlement Activities

– Lunatic Netanyahu Exposed: What The Israelis Really Think Of Us (Video)

Israeli Prime Minister Benjamin Netanyahu speaks at the 68th United Nations General Assembly on October 1, 2013 in New York City

– ‘Turn the curse into a blessing’: Netanyahu wants UN of the internet (RT, Jan 27/29, 2014):

Israeli Prime Minister Benjamin Netanyahu has said at the Cybertech conference in Tel Aviv that he wants to create a coalition of leading companies to turn the internet from a curse into a blessing.

In the wake of a reported breach of Defense Ministry computers, Prime Minister Benyamin Netanyahu talked of the importance of cyber security at an Israeli cybertech conference in the Israeli capital on Monday, Globes reports.

“The biggest challenge we face with the cyber world is protecting the privacy and security of the public. There could be a serious breach,” he said.

“There should be a sort of UN for the internet. A coalition of the leading companies in the cyber world…and in my opinion Israel is the most advanced,” he added.

Read moreNetanyahu Wants UN Of The Internet: ‘Turn The Curse Into A Blessing’

China Expanding Rain From Cloud Seeding From 55 Billion Tons Per Year To 280 Billion Tons of Rain Per Year

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– China creates 55 billion tons of artificial rain a year—and it plans to quintuple that (Quartz, Oct 22, 2013):

Back in 2,150 BC, Emperor Yu sealed his place in China’s history of eminent rulers by controlling the Yellow River’s annual flood, saving waterlogged crops. Today China’s rulers face the opposite problem: It’s water scarcity that threatens farms. So instead of the Yellow River, the Chinese government is controlling the rain.

It does that by “cloud-seeding,” the colloquial term for rocket-launching chemicals into clouds, accelerating the creation of ice crystals that eventually become rain (China uses military aircraft too). This meteorological enema isn’t just handy for combating the country’s increasingly severe droughts and, supposedly, preventing hail. Local governments use “weather modification” to clear away lingering billows of air pollution.

Read moreChina Expanding Rain From Cloud Seeding From 55 Billion Tons Per Year To 280 Billion Tons of Rain Per Year