Feds Stage Cyberstorm to Prep for Attack

Government Concerned About Rising Number of Sophisticated Cyber Attacks.

The Department of Homeland Security has begun to conduct a multination cybersecurity drill to learn how to respond to the increasing number of cyberattacks that have been launched against U.S. computer infrastructure and financial networks worldwide.

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Despite the Federal Reserve’s efforts Wall Street fears a big US bank is in trouble

Global stock markets may have cheered the US Federal Reserve yesterday, but on Wall Street the Fed’s unprecedented move to pump $280 billion (£140 billion) into global markets was seen as a sure sign that at least one financial institution was struggling to survive.

The name on most people’s lips was Bear Stearns. Although the Fed billed the co-ordinated rescue as a way of improving liquidity across financial markets, economists and analysts said that the decision appeared to be driven by an urgent need to stave off the collapse of an American bank.

“The only reason the Fed would do this is if they knew one or more of their primary dealers actually wasn’t flush with cash and needed funds in a hurry,” Simon Maughan, an analyst with MF Global in London, said.

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Global “Oil Shock” Rattles World Stock markets

Cleaning up the mess that Mr Greenspan left behind was never going to be easy. Banks and brokers around the world face more than half-trillion dollars in write-offs as a consequence of the US sub-prime mortgage crisis, which is spreading from the US property market and roiling global stock markets. It’s toppled the US economy into a recession and the tremors are also rattling Asian stock markets.

Roughly $7 trillion has been wiped from world stock markets since the beginning of the year amid fears of a severe US economic recession and financial institutions reporting more mega losses. “The market crisis will preoccupy us well into 2008,” he said German Finance Minister Peer Steinbrueck on Feb 15th. “The financial risks securitized by banks contained packaged explosives,” and he accused rating agencies of having a conflict of interest in the role they played in the process.

So far, the Bernanke Federal Reserve has pumped more than half-a-trillion dollars into the markets with open market operations and special emergency lending schemes, to help cushion the blow to the US economy and stock markets. However, there’s evidence that the Fed’s prescription for dealing with the sub-prime debt crisis, is actually making matters much worse, and leading to “Stagflation.”

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Bear Stearns gets emergency funds

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Bear Stearns is one of the best-known US Wall Street firms

US bank Bear Stearns has got emergency funding, in a move that raises fears that one of Wall Street’s biggest names is on the verge of collapsing.

JP Morgan Chase will provide the money to Bear Stearns for 28 days with the Federal Reserve of New York’s backing.

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Right now, feds might be looking into your finances

Banks tip off government to possible money laundering, fraud

WASHINGTON – Each year, federal agents peek at the financial transactions of millions of Americans – without their knowledge.

The same type of information that raised suspicions about New York Gov. Eliot Spitzer is reviewed every day by authorities to find traces of money laundering, check fraud, identity theft or any crime that may involve a financial institution.

As concerns about fraud and terrorist financing grow, an increasing number of suspicious deposits, withdrawals and money transfers are being reported by banks and others to the federal government. Banks and credit unions as well as currency dealers and stores that cash checks reported a record 17.6 million transactions to the Financial Crimes Enforcement Network in 2006, according to a report from the network, a bureau of the U.S. Treasury Department.

“I don’t think Americans understand that their financial transactions are being reported and routinely examined,” said Barry Steinhardt of the American Civil Liberties Union.

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Mystery Bee Disappearances Sweeping U.S.

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( Commentary from the Infinite Unknown:
There will be FOOD SHORTAGES very soon !!!

“If the bee disappeared off the surface of the globe then man would only have four years of life left. No more bees, no more pollination, no more plants, no more animals, no more man.” – Albert Einstein )

Without a trace, something is causing bees to vanish by the thousands. But a new task force hopes to finger the culprit and save the valuable crops that rely on the insects.

Pennsylvania beekeeper Dave Hackenberg was the first beekeeper to report to bee researchers what’s become known as colony collapse disorder (CCD).

In October Hackenberg had delivered honeybees to a Florida farm to pollinate crops. The bees typically return to their boxed hives when their work is done. But this time was different.”I came to pick up 400 bee colonies and the bees had just flat-out disappeared,” Hackenberg said. “There were no dead bees, no bees on the ground, just empty boxes.”

“In almost 50 years as a beekeeper, I’ve never seen anything like it.”

CCD has spread throughout 24 states and ruined hundreds of thousands of bee colonies.

Hackenberg has lost roughly 1,900 of his 2,900 hives. Other operators have lost up to 90 percent of their hives.

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Top Iraq contractor skirts US taxes offshore

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CAYMAN ISLANDS – Kellogg Brown & Root, the nation’s top Iraq war contractor and until last year a subsidiary of Halliburton Corp., has avoided paying hundreds of millions of dollars in federal Medicare and Social Security taxes by hiring workers through shell companies based in this tropical tax haven.More than 21,000 people working for KBR in Iraq – including about 10,500 Americans – are listed as employees of two companies that exist in a computer file on the fourth floor of a building on a palm-studded boulevard here in the Caribbean. Neither company has an office or phone number in the Cayman Islands.

The Defense Department has known since at least 2004 that KBR was avoiding taxes by declaring its American workers as employees of Cayman Islands shell companies, and officials said the move allowed KBR to perform the work more cheaply, saving Defense dollars.

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‘Frankenfoods’ Giant Monsanto Plays Bully Over Consumer Labeling

Monsanto doesn’t want consumers to know the truth about the milk they’re drinking. The corporation’s monopoly is at stake.

“There are some corporations that clearly are operating at a level that are disastrous for the general public … And in fact I suppose one could argue that in many respects a corporation of that sort is the prototypical psychopath, at the corporate level instead of the individual level.”

–Dr. Robert Hare, The Corporation

Since 1901, Monsanto has brought us Agent Orange, PCBs, Terminator seeds and recombined milk, among other infamous products. But it’s currently obsessed with the milk, or, more importantly, the milk labels, particularly those that read “rBST-free” or “rBGH-free.” It’s not the “BST” or “BGH” that bothers them so much; after all, bovine somatrophin, also known as bovine growth hormone, isn’t exactly what the company is known for. Which is to say, it’s naturally occurring. No, the problem is the “r” denoting “recombined.” There’s nothing natural about it. In fact, the science is increasingly pointing to the possibility that recombined milk is — surprise! — not as good for you as the real thing.

“Consumption of dairy products from cows treated with rbGH raise a number of health issues,” explained Michael Hansen, a senior scientist for Consumers Union. “That includes increased antibiotic resistance, due to use of antibiotics to treat mastitis and other health problems, as well as increased levels of IGF-1, which has been linked to a range of cancers.”

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