Foreign Demand For US Teasuries Falls By Largest Amount On Record

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WASHINGTON — The government said Tuesday that foreign demand for U.S. Treasury securities fell by the largest amount on record in December with China reducing its holdings by $34.2 billion.

The reductions in holdings, if they continue, could force the government to make higher interest payments at a time that it is running record federal deficits.

The Treasury Department reported that foreign holdings of U.S. Treasury securities fell by $53 billion in December, surpassing the previous record of a $44.5 billion drop in April 2009.

The big drop in China’s holdings meant that it lost the top spot in terms of foreign ownership of U.S. Treasuries, dropping to second place behind Japan.

Japan also reduced its holdings of U.S. Treasuries, cutting them by $11.5 billion to $768.8 billion in December, but that amount was still more than China’s December total of $755.4 billion.

Read moreForeign Demand For US Teasuries Falls By Largest Amount On Record

BBC Scotland Investigative Reporters Threatened To Stop Documentary Or Get Sacked; Reporter Robert Green On The Hollie Greig Abuse Case And The Aberdeen Paedophile Ring

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Robert Green RELEASED update here :
http://www.pressandjournal.co.uk/Arti…

REGULAR UPDATES FROM HOLLIE’S BLOG HERE : http://stolenkids-hollie.blogspot.com/

UPDATE ON ROBERT GREEN ARREST HERE : http://www.pressandjournal.co.uk/Arti…

Earlier report on Hollie Greig’s abuse case here : http://www.ukcolumn.org/2010/02/02/ch…

In the October 2009 print edition of the UK Column, we reported in our article BBC Hides Truth of Girls Sexual Abuse Ordeal the shocking ordeal of Downs Syndrome girl, Hollie Greig, who was horribly abused by an Aberdeen paedophile ring, over a period of ten years. After investigating and planning a documentary, the BBC abruptly dropped the case, despite admitting that Hollie was a reliable and accurate witness. It is important to stress that both the police and qualified medical experts have described Hollie as a competent and entirely honest witness.

From the age of just six, Hollie was repeatedly sexually abused by her father, Denis Charles Mackie. Later, Mackie began sharing his daughter with a gang of paedophile swingers that has been operating in Aberdeen for many years. The identities of a further seven child victims are already known. There is no question that the gang are well-connected, efficiently organised and totally ruthless. Our frightening story is that they are protected by individuals of high standing within the Scottish establishment.

In 2000, after 14 years of terrified silence, Hollie eventually told her mother, Anne, about the abuses. Formal statements were made to Grampian Police, providing all the horrifying details and the names of the abusers. They included a senior Scottish Sheriff, a policeman, social workers, a nurse, a solicitor, an accountant, a fire officer, married couples and others. Some of the rapes were carried out at the homes of these individuals, including that of the Sheriffs sister. Other children were sometimes involved, including children of the paedophiles themselves.

The latest chapters in this astonishing and horrifying story about Hollie, and the seven other abused children, have taken place over the past few weeks. The key issues are a continued refusal by Grampian police to fully investigate the overwhelming evidence for the paedophile rapes, and a wall of silence by the Scottish establishment.

Whilst there has been some general Scottish media coverage, notably in The Firm and the Aberdeen Press and Journal, the media has been largely silent on what must be one of Scotlands worst top level paedophile scandles. A key figure in the press silence is the Lord Advocate, in her former role as Procurator Fiscal in Aberdeen, when in 2000 she is alleged to have effectively buried the case. Was this to prevent her associate and most influential member of the paedophile ring, Sheriff X, from being investigated, along with the other named members of the fifteen-strong rape gang?

Read moreBBC Scotland Investigative Reporters Threatened To Stop Documentary Or Get Sacked; Reporter Robert Green On The Hollie Greig Abuse Case And The Aberdeen Paedophile Ring

Spanish intelligence probing debt ‘attacks’-report

MADRID, Feb 14 (Reuters) – Spain’s intelligence services are investigating the role of investors and media in debt market turbulence over the last few weeks, El Pais reported on Sunday.

Currencies

Citing unnamed sources, El Pais said the National Intelligence Centre (CNI) was looking into “speculative attacks” on Spain following the Greek debt crisis.

“The (CNI’s) Economic Intelligence division…is investigating whether investors’ attacks and the aggressiveness of some Anglo-Saxon media are driven by market forces and challenges facing the Spanish economy, or whether there is something more behind this campaign,” El Pais said.

Officials at the CNI were not available for comment.

The report comes days after Public Works Minister Jose Blanco protested “somewhat murky manoeuvres” were behind financial market pressure on Spain.

“None of what is happening in the world, including the editorials of foreign newspapers, is coincidental or innocent,” Blanco said.

Read moreSpanish intelligence probing debt ‘attacks’-report

There Is No Recovery: Utah Proposes Scrapping 12th Grade; Nevada Rations Diapers; Harrisburg Heads For Bankruptcy; NBA Lockouts Loom

Prepare for collapse.


Here is a quick roundup with a general theme of “Hard Times”.

12th Grade Optional

Utah considers cutting 12th grade — altogether

At Utah’s West Jordan High School, the halls have swirled lately with debate over the merits of 12th grade. The sudden buzz over the relative value of senior year stems from a recent proposal by state Sen. Chris Buttars that Utah make a dent in its budget gap by eliminating the 12th grade.

Buttars has since toned down the idea, suggesting instead that senior year become optional for students who complete their required credits early. He estimated the move could save up to $60 million, the Salt Lake Tribune reported.

The proposal comes as the state faces a $700-million shortfall and reflects the creativity — or desperation — of lawmakers all over.

“You’re looking at these budget gaps where lawmakers have to use everything and anything to try to resolve them,” said Todd Haggerty, a policy associate with the National Conference of State Legislatures. “It’s left lawmakers with very unpopular decisions.”

“The bottom line is saving taxpayer dollars while improving options for students,” said state Sen. Howard A. Stephenson, a Republican and co-chairman of the Public Education Appropriations Subcommittee. “The more options we give to students to accelerate, the more beneficial it is to students and taxpayers.”

Jordan Utah School District To Lay Off 500

Jordan District to lay off 500 employees because of $30M shortfall

The Jordan School District will lay off 500 employees by July 1 as part of an effort to make up for a $30 million shortfall.

By a 6-1 vote, the Jordan Board of Education approved options to reduce the 2010-11 budget, which include personnel cuts, programs and services cuts, transfer of expenditures to other programs, compensation adjustments, class-size increases, and possible tax increases.

Between now and the end of March, the board will determine which positions and programs will be eliminated. As many as 250 teaching positions and 250 administrative/support staff positions will be cut.

Not a single teacher need be cut. All it takes is unions to lower salary demands and/or pensions. Any cuts are the direct responsibility of the Teachers’ union.

Harrisburg Pennsylvania Heads For Bankruptcy

Harrisburg excludes debt payments from 2010 budget

Harrisburg, Pennsylvania, moved a step closer to defaulting on a bond payment when its city council passed a 2010 budget that does not include $68 million in debt repayments on an incinerator.

Read moreThere Is No Recovery: Utah Proposes Scrapping 12th Grade; Nevada Rations Diapers; Harrisburg Heads For Bankruptcy; NBA Lockouts Loom

Beijing Seen Vacant for 50% of Commercial Space, Experts Expect Crash

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Beijing’s Financial Street on Feb. 4, 2010. (Bloomberg)

Feb. 12 (Bloomberg) — Jack Rodman, who has made a career of selling soured property loans from Los Angeles to Tokyo, sees a crash looming in China. He keeps a slide show on his computer of empty office buildings in Beijing, his home since 2002. The tally: 55, with another dozen candidates.

“I took these pictures to try to impress upon these people the massive amount of oversupply,” said Rodman, 63, president of Global Distressed Solutions LLC, which advises private equity and hedge funds on Chinese property and banking. Rodman figures about half of the city’s commercial space is vacant, more than was leased in Germany’s five biggest office markets in 2009.

Beijing’s office vacancy rate of 22.4 percent in the third quarter of last year was the ninth-highest of 103 markets tracked by CB Richard Ellis Group Inc., a real estate broker. Those figures don’t include many buildings about to open, such as the city’s tallest, the 6.6-billion yuan ($966 million) 74- story China World Tower 3.

Empty buildings are sprouting across China as companies with access to some of the $1.4 trillion in new loans last year build skyscrapers. Former Morgan Stanley chief Asia economist Andy Xie and hedge fund manager James Chanos say the country’s property market is in a bubble.

“There’s a monumental property bubble and fixed-asset investment bubble that China has underway right now,” Chanos said in a Jan. 25 Bloomberg Television interview. “And deflating that gently will be difficult at best.”

Read moreBeijing Seen Vacant for 50% of Commercial Space, Experts Expect Crash

Aspartame rebranded as ‘AminoSweet’

Recommended: Aspartame: Sweet Misery – A Poisoned World (Documentary)


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Loaded with Aspartame

(NaturalNews) In response to growing awareness about the dangers of artificial sweeteners, what does the manufacturer of one of the world’s most notable artificial sweeteners do? Why, rename it and begin marketing it as natural, of course. This is precisely the strategy of Ajinomoto, maker of aspartame, which hopes to pull the wool over the eyes of the public with its rebranded version of aspartame, called “AminoSweet”.

Over 25 years ago, aspartame was first introduced into the European food supply. Today, it is an everyday component of most diet beverages, sugar-free desserts, and chewing gums in countries worldwide. But the tides have been turning as the general public is waking up to the truth about artificial sweeteners like aspartame and the harm they cause to health. The latest aspartame marketing scheme is a desperate effort to indoctrinate the public into accepting the chemical sweetener as natural and safe, despite evidence to the contrary.

Read moreAspartame rebranded as ‘AminoSweet’

Greece Outlaws Cash Transactions Worth More Than 1500 Euros

The cashless society is another major stepping stone towards the New World Order. The elite wants to establish a cashless society, where all your transactions can be monitored. Total control of every aspect of your life is the goal.

Related article:

Societe Generale chief strategist Albert Edwards: Greek bailout only delays ‘inevitable’ Eurozone breakup


HIGHLIGHTS-Greek FinMin unveils tax reform, wage policy

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ATHENS, Feb 9 (Reuters) – Greece outlined on Tuesday its public sector incomes policy and a tax reform bill, as part of an EU-endorsed plan to increase state revenues and reduce its huge deficit.

The following are comments by Greek Finance Minister George Papaconstantinou at a press conference:

IMPACT OF REFORMS

“The total benefit of our incomes policy will be around 800 million euros.

EU

“EU partners and markets will closely monitor the implementation of our fiscal plan, I believe that the response will be positive. The measures that we have announced are becoming action”

TIME FOR CHANGE

“The time has come for major changes, the country can’t afford to wait any longer”

TAXATION

“From 1. Jan. 2011, every transaction above 1,500 euros between natural persons and businesses, or between businesses, will not be considered legal if it is done in cash. Transactions will have to be done through debit or credit cards”

Read moreGreece Outlaws Cash Transactions Worth More Than 1500 Euros

Former Managing Director of Monsanto India: Monsanto ‘Faked’ Data for Approvals

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The debate on genetically modified (GM) brinjal variety continues to generate heat. Former managing director of Monsanto India, Tiruvadi Jagadisan, is the latest to join the critics of Bt brinjal, perhaps the first industry insider to do so.

Jagadisan, who worked with Monsanto for nearly two decades, including eight years as the managing director of India operations, spoke against the new variety during the public consultation held in Bangalore on Saturday.

On Monday, he elaborated by saying the company “used to fake scientific data” submitted to government regulatory agencies to get commercial approvals for its products in India.

The former Monsanto boss said government regulatory agencies with which the company used to deal with in the 1980s simply depended on data supplied by the company while giving approvals to herbicides.

“The Central Insecticide Board was supposed to give these approvals based on the location and crop-specific data from India. But it simply accepted foreign data supplied by Monsanto. They did not even have a test tube to validate the data and, at times, the data itself was faked,” Jagadisan said.

Read moreFormer Managing Director of Monsanto India: Monsanto ‘Faked’ Data for Approvals

Societe Generale chief strategist Albert Edwards: Greek bailout only delays ‘inevitable’ Eurozone breakup

See also:

Societe Generale Chief Strategist Albert Edwards: Theft! Were the US & UK central banks complicit in robbing the middle classes?


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‘The inevitable break-up of the eurozone.’

SAN FRANCISCO (MarketWatch) — A bailout of Greece will only delay the inevitable breakup of the Eurozone because the one-size-fits-all interest rate policy imposed by the euro has left several countries in the region uncompetitive, Societe Generale strategist Albert Edwards said Friday.

Edwards, a noted bear, warned about the Asian currency crisis of the late 1990s before it happened. That turmoil led to Russia’s debt default and the collapse of hedge fund Long-Term Capital Management.

“The situation in Greece following hard on the heels of similar solvency issues in Dubai feels to me very much like the Russian default and LTCM blow-up in 1998,” SocGen’s /quotes/comstock/24s!e:gle (FR:GLE 39.00, -1.26, -3.13%) Edwards wrote in a note to investors Friday.

European leaders vowed this week to save Greece from a fiscal crisis that’s pushed the country’s relative borrowing costs to the highest level since the country joined the Eurozone more than a decade ago.

“Any ‘help’ given to Greece merely delays the inevitable break-up of the eurozone,” Edwards wrote.

Such concerns have triggered a slump in the euro in recent weeks. It’s also fueled a jump in relative borrowing costs for other countries in Europe with big fiscal deficits, such as Portugal, Ireland and Spain. With Greece included, this group has become known as the PIGS.

“The problem for the PIGS is that years of inappropriately low interest rates resulted in overheating and rapid inflation, even though interest rates might well have been appropriate for the eurozone as a whole,” Edwards explained.

Read moreSociete Generale chief strategist Albert Edwards: Greek bailout only delays ‘inevitable’ Eurozone breakup

Iraqi government orders Blackwater security guards to leave the country

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Iraqi officials have ordered 250 Blackwater security guards to leave the country within a week.

The Interior Ministry says both current and former employees of the firm, were told of their expulsion a few days ago. It comes after a U.S. judge dismissed the manslaughter charges against 5 members of the company, in connection with the killing of 17 Iraqi civilians in 2007.

Blackwater, which is now called ‘Xe Services’, was one of three private U.S. security contractors hired to protect diplomats in Iraq.