Keyword: assets

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  • Influential Episcopal Seminary No Longer Offering Degrees Amid Report of $7.9 Million Loss

    11/21/2016 12:17:38 PM PST · by SeekAndFind · 18 replies
    Christian Post ^ | 11/21/2016 | Michael Gryboski
    An influential seminary affiliated with The Episcopal Church has announced that it will no longer issue degrees starting next year, and is reporting a net loss of $7.9 million in assets since last year. The Episcopal Divinity School of Cambridge, Massachusetts, announced in July that they will stop granting degrees at the end of the 2016-2017 academic year. Last week, the divinity school sent out an update to supporters and members of its campus community wherein they noted that the net assets of the seminary had declined rapidly over the past couple of years. "At our meeting, we also accepted...
  • Marc Faber: A Trump Victory Would Be Much Better For U.S. Assets (Video)

    11/05/2016 9:39:05 AM PDT · by Son House · 5 replies
    Wall Street Week ^ | Nov. 04, 2016 | Anthony Scaramucci and Gary Kaminsky
    Gloom, Boom and Doom Report Editor Marc Faber and WL Ross & Co. Founder Wilbur Ross discuss the election's impact on the markets and economy.
  • 90% Off Sale On Offshore Drilling Rigs?

    05/11/2016 2:56:12 PM PDT · by bananaman22 · 6 replies ^ | 11-05-2016 | offshore
    It might not be a great time to start offshore drilling, with oil prices as depressed as they are, but it might just be a great time to buy an offshore drilling rig for a cut-rate price—in fact, you might be able to get one for only one tenth of what they cost in 2011. This is the cost coup recently pulled off by Ocean Rig, a company controlled by shipping billionaire George Economou, who has landed a drillship—the Cerrado—for only US$65 million at auction, which represents less than 10 percent of the estimated price when it was built over...
  • Study: No Consent Divorces Favor Women

    02/23/2016 7:35:26 PM PST · by Tolerance Sucks Rocks · 18 replies
    Chateau Heartiste ^ | February 23, 2016 | CH
    Courtesy of reader BK, a link to an economic analysis of woman-coddling divorce laws.
  • Next Few Weeks Will Reveal Full Extent Of Oil Industry Suffering

    10/27/2015 8:11:37 AM PDT · by bananaman22 · 19 replies ^ | 27-10-2015 | oilmajor
    Get ready for some bad news and red ink. With the bulk of quarterly earnings reports in the energy industry yet to be announced, there are already $6.5 billion worth of asset write-downs, according to Bloomberg. And that could be just the tip of the iceberg. A Barclays’ assessment last week predicted $20 billion in impairment charges from just six companies. Write-downs occur when the expected future cash flow from an asset falls sufficiently that a company has to report that the asset has lost some of its value. With oil prices half of what they were from mid-2014, oil...
  • Is The Oil And Gas Fire Sale About To Start?

    10/16/2015 7:23:14 AM PDT · by bananaman22 · 15 replies ^ | 16-10-2015 | Thomas
    Much has been written about the mounting pile of debt for U.S. oil companies (not to mention the well-known Brazilian oil giant). Not that long ago, many oil and gas companies secured at least a part of their revenue by hedging contracts. Bloomberg already reported in June that many of these companies saw their artificial safety nets vanishing as oil prices failed to recover. One month later, we heard such morale boosting terms as ‘frack now, pay later,’ which were merely a bold move by struggling oil services companies to encourage cash strapped oil and gas companies to continue operations....
  • Rep. Gohmert: Obama Outed Active Israeli Iranian Spy Mission

    06/20/2015 2:15:02 PM PDT · by Eleutheria5 · 33 replies
    Arutz Sheva ^ | 20/6/15 | Mark Langfan
    United States Congressman Louie Gohmert revealed Thursday that the Obama administration had “outed” an active Israeli spy mission in Iran. Israel, he said, had infiltrated Israeli spies into mainland Iran via cargo boats. He dropped the bombshell in a speech at EMET’s 9th annual “Rays of Light in the Darkness” gala dinner. Rep. Gohmert, who is one Israel’s fiercest and truest friends on Capitol Hill, stated: “We are on the brink of disaster.” He listed a stream of virulently anti-Israel actions taken by President Obama which included the “outing” of the Israeli spy mission, and the Obama Administration’s disclosing of...
  • 'Edward Snowden has blood on his hands': MI6 is forced to pull spies out of hostile countries

    06/14/2015 8:43:28 AM PDT · by Rockitz · 153 replies ^ | 13 June 2015 | Jay Akbar For Mailonline
    MI6 has pulled its spies out of 'hostile countries' and America's intelligence agencies are on high alert after Russia and China cracked encrypted files leaked by fugitive whistleblower Edward Snowden. The top-secret documents contain information that could lead to the identification of British and American spies, according to senior officials in Downing Street, the Home Office and the security services. A senior Home Office official accused Snowden - the former National Security Agency (NSA) contractor responsible for the biggest confidential information leak in US history - of having 'blood on his hands' after they gained access to over one million...
  • BREAKING: ISIS Moves Assets to Southern Syria – Gaza ISIS Launches MISSILE ATTACK on Israel

    06/05/2015 10:47:41 AM PDT · by sheikdetailfeather · 47 replies
    Gateway Pundit ^ | 6-5-2015 | Jim Hoft
    ISIS fighters reported today that the ISLAMIC STATE has Attacked Israel.
  • Not Every Leak Is Fit to Print

    02/10/2008 5:07:57 AM PST · by ThePythonicCow · 1 replies · 139+ views
    The Weekly Standard ^ | 18 Feb 2008 | Gabriel Schoenfeld
    Not Every Leak Is Fit to Print Why have federal prosecutors subpoenaed a New York Times reporter?by Gabriel Schoenfeld 02/18/2008, Volume 013, Issue 22 Investigations of national-security leaks in Washington are not all that rare. But until Judith Miller of the New York Times was sent to jail for 85 days by a special prosecutor digging into the Valerie Plame imbroglio, investigations of such leaks in which journalists are subpoenaed were about as common as unicorns wandering the National Mall. We now have another such unicorn. On January 24, a federal grand jury in Alexandria issued a subpoena to...
  • Iran-Backed Rebels in Yemen Loot Secret Files About U.S. Spy Operations

    03/25/2015 3:41:34 PM PDT · by kristinn · 33 replies
    The Los Angeles Times ^ | Wednesday, March 25, 2015 | Brian Bennett and Zaid Al-Alayaa
    Secret intelligence files held by Yemeni security forces and containing details of American intelligence operations in the country have been looted by Iran-backed militia leaders, exposing names of informants and plans for U.S.-backed counter-terrorism operations, U.S. officials say. U.S. intelligence officials believe additional files were handed directly to Iranian advisors by Yemeni officials who have sided with the Houthi militias that seized control of the capital of Sana last September and later toppled the U.S.-backed president. For American intelligence networks in Yemen, the damage has been severe. Until recently, U.S. forces deployed in Yemen had worked closely with President Abdu...
  • Chevron to sell $15 billion of assets, cut spending amid price slump

    03/11/2015 4:34:32 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | March 10, 2015 | Robert Grattan
    Chevron Corp. said Tuesday it would sell off more assets and cut back on capital spending, as the integrated oil and gas giant looks to protect its finances from lower crude prices. Chevron said it would put about $15 billion of assets up for sale through 2017 — up from a previous $10 billion target — and cut capital spending incrementally to roughly $30 billion in 2017. In January, Chevron had said it would trim capital spending to $35 billion in 2015, down about $5 billion from its 2014 budget. Despite the cuts, the San Ramon, California-based company said it...
  • UK tight-lipped on potential assets of Yemen's Saleh

    03/08/2015 5:33:50 AM PDT · by piasa · 2 replies
    Ahram Online ^ | Saturday 7 Mar 2015 | Marwan Sultan in London
    The British government says it is committed to regulations issued by UN and EU on freezing potential assets of the deposed Yemeni president and two Houthi leaders The British authorities refused to comment on whether they have frozen any assets owned by former Yemeni president Ali Abdallah Saleh and two leaders of the Houthi rebels. On 18 December, the EU Council decided to impose financial sanctions, including asset freezes, on Saleh, the president of Yemen’s General People’s Congress Party Abd Al-Khaliq Al-Houthi, and the Houthi group's second-in-command Yahya Abdullah Al-Hakim. The council blacklisted Saleh for obstructing peace in Yemen, notably...
  • Ex-CIA Officer Indicted for Leaking Classified Info to New York Times Reporter

    01/14/2011 4:20:20 PM PST · by lbryce · 20 replies
    Gawker ^ | January 6, 2011 | Staff
    Ex-CIA Officer Indicted for Leaking Classified Info to New York Slimes Reporter Jeffrey Sterling, a former CIA officer, was indicted today for leaking classified information to New York Times reporter James Risen. The indictment shows that the federal government had access to their e-mail and phone contacts going back several years. Sterling served on the Iran desk of the CIA in the 1990s, and oversaw a classified program aimed at sabotaging the development of its nuclear programming. He left the CIA in 2000 and sued for racial discrimination (he is African American) in a case that went all the way...
  • Times reporter’s testimony sought in leak trial (James Risen)

    12/16/2014 10:23:48 AM PST · by Olog-hai · 1 replies
    Associated Press ^ | Dec 16, 2014 12:38 PM EST | Matthew Barakat
    A New York Times reporter will be subpoenaed to answer questions ahead of an upcoming trial of a former CIA officer accused of leaking classified information, though a Tuesday hearing indicated there is much confusion about what the journalist may be asked to reveal. Prosecutors say they will not ask James Risen if ex-CIA man Jeffrey Sterling was his anonymous source for part of the 2006 book “State Of War” that detailed a botched CIA effort to cripple Iran’s nuclear program. However, they do want to know if the two had a prior, on-the-record source relationship. Risen’s lawyer, Joel Kurtzberg,...
  • PA Files 'Desperate' Writ to Stall Terror Trial

    12/11/2014 2:12:16 PM PST · by Eleutheria5 · 10 replies
    Arutz Sheva ^ | 11/12/14 | Ari Yashar
    After losing a landmark decision on November 20 allowing them to be tried for terrorism charges in a $1 billion case, the Palestinian Authority (PA) and Palestine Liberation Organization (PLO) have now filed a very rare appeal to the Second Circuit of courts trying to squash the case. Shurat Hadin (Israel Law Center) is leading the legal charge against the PA and PLO. In a press release on Thursday they noted that the appeal, known as a motion for a writ of mandamus, "concerns personal jurisdiction and should have been filed months ago." "This is a desperate attempt by the...
  • Draft Law Allows Russia to Seize Foreign Assets in Response to Sanctions

    09/25/2014 2:08:22 PM PDT · by dynachrome · 7 replies
    Reuters via Moscow times ^ | 9-25-14 | Yevgeny Razumny
    Russian courts could get the green light to seize foreign assets on Russian territory under a draft law intended as a response to Western sanctions over the Ukraine crisis. The draft, which was submitted to parliament on Wednesday by a pro-Kremlin deputy, would also allow state compensation for an individual whose property is seized in foreign jurisdictions. Italian authorities this week seized property worth about 30 million euros ($40 million) belonging to companies controlled by Arkady Rotenberg, an ally of President Vladimir Putin targeted by the U.S. and European Union sanctions. The draft law, published on a parliamentary database, would...
  • Fed Chair Yellen’s assets up 8 percent during 2013

    08/28/2014 11:29:57 PM PDT · by Olog-hai · 4 replies
    Associated Press ^ | Aug 28, 2014 4:25 PM EDT | Martin Crutsinger
    Federal Reserve Chair Janet Yellen’s assets rose in value by at least 8 percent during 2013, raising their total to between $5.3 million and $14.1 million, according to her latest financial disclosure released Thursday. Yellen’s biggest asset is a trust fund she set up in 1992 with her husband, George Akerlof, a Nobel Prize-winning economist. The value of the trust fund is estimated at between $1 million and $5 million. Yellen’s assets have likely been driven up in value by a rebounding economy and a rising stock market. In 2012, her disclosure form estimated her assets at between $4 million...
  • Medicaid Estate Recovery (Free Obamacare ain't free!)

    This policy brief was prepared under contract #HHS-100-03-0022 between the U.S. Department of Health and Human Services (HHS), Office of Disability, Aging and Long-Term Care Policy (DALTCP) and Thomson/MEDSTAT. For additional information about the study, you may visit the DALTCP home page at or contact the ASPE Project Officer, Hunter McKay, at HHS/ASPE/DALTCP, Room 424E, H.H. Humphrey Building, 200 Independence Avenue, SW, Washington, DC 20201. His e-mail address is:
  • Marc Faber: People With Assets Are All Doomed

    06/20/2013 3:28:31 PM PDT · by blam · 31 replies
    The Daily Reckoning ^ | 6-19-2013 | Jason Ferrell
    Marc Faber: People With Assets Are All Doomed Jason Farrell June 19, 2013. When the always cheerful Dr. Marc Faber, Daily Reckoning contributor and Vancouver veteran, gave his midyear forecast to Barron’s, it was, as you might expect, predictably sunny. “People with assets are all doomed,” he began, “because prices are grossly inflated globally for stocks, bonds and collectibles.” Faber warns the Fed’s low interest rates could lead to a global crash. Faber acknowledged the Fed’s role in rising equity prices this year. And suggested the party wouldn’t last, due to the uneven flow of money through the economy. Something...
  • How To Protect Your Retirement Assets From The Coming Crash

    03/20/2013 6:23:32 AM PDT · by SeekAndFind · 28 replies
    Forbes ^ | 03/20/2013 | Bill Frezza
    As a chronic prognosticator of doom, I’m often asked, “Do you heed your own warnings?” I sure didn’t the last time the stock market crashed. Despite forecasting the dot-com collapse in November 1999 (in an article titled, “Living in the Shadow of Vesuvius, The Dotcom Economy Parties On”) I froze like a deer in the headlights as I watched $2 million in newly earned wealth evaporate before my eyes, all the while chanting, “It’ll come back, it’ll come back!” Never again. This time I am making contingency plans. Perhaps these will motivate you to make your own, if the recent...
  • Obama Incompetence in Mid-East Rivals Carter’s in Iran

    09/20/2012 9:13:06 AM PDT · by Kaslin · 9 replies ^ | September 20, 2012 | Bob Barr
    Despite repeated, self-serving claims by Obama officials that the Administration did everything it could to head off and then respond appropriately to the violence against American facilities in Libya and Egypt last week, their blunders in policy, intelligence and security illustrates an incompetence every bit as profound as exhibited by the administration of Jimmy Carter in Iran 33 years ago. It appears nothing has been learned in more than three decades; despite significant gains in technology available to the U.S. government during those intervening years. In 1979, the Carter Administration precipitously abandoned the Shah of Iran, Washington’s long-time and loyal...
  • China swoops down on GM pension plan's assets: FT

    07/20/2012 5:51:00 PM PDT · by madison10 · 24 replies
    Reuters ^ | July 18, 2012
    General Motor Co's (GM.N) underfunded pension plan has found a buyer for its illiquid private equity assets - the Chinese government, which is willing to pay between $1.5 billion and $2 billion, the Financial Times reported on its website...
  • Not wealthy enough to gloat (If Canada is now richer than the USA, it's not because of socialism)

    07/18/2012 6:35:48 AM PDT · by SeekAndFind · 6 replies
    Financial Post ^ | 07/18/2012 | Terence Corcoran
    If we’re richer than Americans, it’s not because of socialismA new facteroid circling the media planet suggests Canada is sweeping ahead of the United States economically. Here it is: The average Canadian household had net worth of $363,202 at the end of last year, compared with $319,970 for the average American household.A surprising number and, in many respects, a heartening statistic to boost the economic confidence of Canadians. How much of a boost? That’s a bigger question. The bald calculation is simple enough: The average Canadian household now looks to be more than $40,000 richer than the average American...
  • The Fed Balance Sheet: What Is Uncle Sam's Largest Asset?

    06/09/2012 7:17:02 AM PDT · by blam · 45 replies
    Advisor Perspectives ^ | 6-8-2012 | Doug Short
    The Fed Balance Sheet: What Is Uncle Sam's Largest Asset? By Doug Short June 8, 2012 (Note from dshort: I've updated the quiz based on yesterday's (Thursdays) Q1 Flow of Funds release. Hint: The correct answer is the same, just more incredible.) -------------------------------------------------------------------------------- Pop Quiz! Without recourse to your text, your notes or a Google search, what line item is the largest asset on Uncle Sam's balance sheet? A) U.S. Official Reserve Assets B) Total Mortgages C) Taxes Receivable D) Student Loans The correct answer, as of the latest Flow of Funds report for Q1 2012, is ... Student Loans....
  • Obama Now Claims The Power To Freeze Your Assets If You Oppose The New Government In Yemen

    05/16/2012 10:30:26 AM PDT · by Nachum · 12 replies
    Business Insider ^ | 5/16/12 | Alex Biles
    View Over at Salon, Glenn Greenwald has the goods on the latest astounding power grab by the Obama Administration. According to The Washington Post, Obama has just issued an executive order claiming the power to freeze any assets you own, if you "directly or indirectly" obstruct the new government of Yemen. There are hardly any criteria for judging just how broadly this order can be interpreted. Here's the background: Abed Rabbo Mansour Hadi is the new Yemeni president, and the former Vice President of long-time dictator Ali Abdullah Saleh. Hadi was recently installed after an "election" where he ran unopposed,...
  • Solyndra sold assets cheap for fast cash

    02/08/2012 7:17:05 PM PST · by Nachum · 27 replies
    Washington Times ^ | 2/8/12 | Jim McElhatton
    Fast running out of money, solar-panel maker Solyndra LLC last summer sold off nearly $60 million worth of inventory for less than $20 million in cash to a newly formed corporate entity closely tied to the company’s biggest investors, records show. Backed by $535 million in federal loan guarantees but burning through the little cash it had left, Solyndra made its first sale in late July to a corporate entity that had been formed just a day earlier. Three more transactions followed over the next few weeks with the same buyer, Solyndra Solar II.
  • Protect Your Assets OFFSHORE w/Trevor Bradley--02-03-12

    02/03/2012 9:45:11 PM PST · by appeal2 · 2 replies
    The Financial Survival Network ^ | 02/04/2012 | Kerry Lutz
    I'm live at Freedom Fest's Global Financial Summit 2012 in the Bahamas. Trevor Bradley of Georgetown Trust joins me to discuss global banking jurisdictions. Georgetown Trust specializes in helping you obtain asset protection, management, and diversification. All of their work is offshore and is protected with respect to privacy and confidentiality. Trevor and I agree, Belize is one of the best banking jurisdictions out there. Belize has never had a banking failure in its history, and banks in Belize are regulated to keep a 24% liquidity rate all year round. You need to consider offshoring a portion of your wealth....
  • Man catches 881-pound tuna, seized by feds

    11/22/2011 1:31:09 PM PST · by Silentgypsy · 35 replies · 1+ views
    Yahoo ^ | 2011 11 22 | Eric Pfeiffer
    A Massachusetts fisherman pulled in an 881-pound tuna this week only to have the federal authorities take it away. It sounds like a libertarian twist on the classic novella by Ernest Hemingway, The Old Man and the Sea, but for Carlos Rafael, the saga is completely true.
  • Marshals ordered to seize Righthaven assets

    11/02/2011 12:21:16 AM PDT · by Cardhu · 17 replies
    Vegas Inc ^ | Nove,ber 1st 2011 | Steven Green
    Las Vegas copyright infringement lawsuit filer Righthaven LLC’s financial problems grew Tuesday when the federal court in Las Vegas commanded the U.S. Marshals Service to seize more than $63,000 in Righthaven assets to satisfy a creditor’s judgment and costs. Lance Wilson, clerk of the court, signed a writ of execution requested by attorneys for Wayne Hoehn, who was sued for copyright infringement by Righthaven — but then defeated Righthaven in court when his case was dismissed this summer. Righthaven since March 2010 has filed 275 lawsuits against websites, bloggers and message board posters claiming they infringed on material from the...
  • The Second Gilded Age: Has America Become an Oligarchy? (Barfwarnung)

    10/28/2011 11:28:34 PM PDT · by Olog-hai · 24 replies
    Der Spiegel ^ | 10/28/2011 | Thomas Schulz
    … Inequality in America is greater than it has been in almost a century. Those fortunate enough to belong to the 1 percent, made up of the super-rich, stand on one side of the divide; the remaining 99 percent on the other. Even for a country that has always accepted opposite extremes as part of its identity, the chasm has simply grown too vast. Those who succeed in the US are congratulated rather than berated. Resenting other people's wealth is viewed as supporting class struggle, which is something very frowned upon. Still, statistics indicate that the growing disparity is genuinely...
  • China's US assets 'safe,' Biden tells students

    08/22/2011 10:02:59 AM PDT · by Nachum · 6 replies
    Breitbart ^ | 8/22/11 | CHRISTOPHER BODEEN
    CHENGDU, China (AP) - Vice President Joe Biden wrapped up a visit to China on Sunday that offered him extensive face-time with the country's expected future leader, Xi Jinping, and delivered a strong message of U.S. mutual interdependence with the world's second-largest economy. Biden also made the case for continued U.S. economic vitality despite current budget woes and sought to reassure China's leaders and ordinary citizens about the safety of their assets in the United States following the downgrading of America's credit rating. "You're safe," Biden told students in a question-and-answer session following a speech at Sichuan University in the...
  • U.S. explores tapping some of blocked Gaddafi assets

    05/05/2011 5:27:05 AM PDT · by Cardhu · 11 replies
    Reuters ^ | May 5th 2011 | Arshad Mohammed
    ROME May 5 (Reuters) - The White House hopes to change U.S. law to allow it to use some of the more than $30 billion in frozen Gaddafi regime U.S. assets to help the Libyan people, U.S. Secretary of State Hillary Clinton said on Thursday. "I'm pleased to announce that the Obama Administration, working with Congress, has decided to pursue legislation that would enable the U.S. to tap some portion of those assets owned by Gaddafi and the Libyan government in the United States, so we can make those funds available to help the Libyan people," she said in prepared...
  • Trump: I'm better for prez because my net worth's bigger than Romney's

    04/18/2011 5:19:14 AM PDT · by Scanian · 53 replies
    NY Post ^ | April 18, 2011 | GEOFF EARLE
    WASHINGTON -- Vote for me 'cause mine's bigger. Donald Trump yesterday fired the opening salvo in a macho battle of bank accounts with rival presidential contender Mitt Romney, dismissing the former Massachusetts governor as a "small business" person and saying his own assets are "much, much" larger than his opponent's. Trump, whose approval ratings have rocketed upward since he started hammering President Obama, yesterday turned his fire on Romney, considered by many the front-runner in a divided Republican field. "I'm a much bigger businessman and have a much, much bigger net worth. I mean my net worth is many, many,...
  • Breaking...Fox News Reports Switzerland has frozen Mubarak assets

    02/11/2011 9:42:44 AM PST · by Samizdat · 26 replies
    Fox News | 2/11/11 | Fox News
    Fox News Reports Switzerland has frozen the assets of Mubarak.
  • Key military, intelligence assets imperiled in Egypt

    01/31/2011 6:58:25 PM PST · by Nachum · 16 replies · 1+ views
    washington tiimes ^ | 1/31/11 | Rowan Scarborough
    U.S. military and intelligence agencies would lose vital air, land and sea assets if Egypt falls into the hands of radical Islamists, as Iran did in 1979, foreign policy analysts say. The U.S. armed forces are entwined with Egypt's military more than with any other Arab country’s. But if Islamists seize Cairo, as the mullahs captured Tehran, this complex relationship unravels. “Let me count the ways,” said Ken Allard, a retired Army colonel and military analyst. “They are our biggest strategic partner in the Middle East. At that point, you’ve lost your biggest Arab partner. Geostrategically, the mind boggles.”
  • China Demands The US Make Statement Promising Its Dollar Assets Will Be Held Safe

    01/12/2011 8:05:19 AM PST · by SeekAndFind · 28 replies
    Business Insider ^ | 01/12/2011 | Joe Weisenthal
    This headline is getting a little bit of attention this morning: Ahead of a state visit from Hu Jintao, Chinese Foreign Minister Cui Tiankai says his country is looking for some kind of "positive statement" about the safety of US dollar holdings. Read more:
  • What is InfraGard? ( Have you heard of this group?)

    10/30/2010 9:32:05 PM PDT · by Candor7 · 25 replies · 2+ views
    31-Oct-2010 40,255 MEMBERS (Including FBI) InfraGard is a Federal Bureau of Investigation (FBI) program that began in the Cleveland Field Office in 1996. It was a local effort to gain support from the information technology industry and academia for the FBI’s investigative efforts in the cyber arena. The program expanded to other FBI Field Offices, and in 1998 the FBI assigned national program responsibility for InfraGard to the former National Infrastructure Protection Center (NIPC) and to the Cyber Division in 2003. InfraGard and the FBI have developed a relationship of trust and credibility in the exchange of information concerning various...
  • Dear "Middle Class" Americans: Most Of You Are Debt Serfs With Zero Assets

    10/12/2010 10:10:41 AM PDT · by blam · 31 replies · 1+ views
    The Business Insider ^ | 10-11-2020 | Charles Hugh Smith
    Dear "Middle Class" Americans: Most Of You Are Debt Serfs With Zero Assets Charles Hugh Smith, Of Two Minds Oct. 12, 2010, 11:53 AM Americans have been trained to believe that membership in the "middle class" is their birthright if they "work hard" in the status quo. What income defines "middle class" is a function of locale and prevailing wages/costs ($100,000 in Manhattan or San Francisco isn't much because costs are so high), but in terms of purchasing power we can probably agree that middle class membership includes: 1. reliable private transport 2. a home with meaningful equity 3. healthcare...
  • We're $12.3 Trillion Poorer Than We Were Three Years Ago

    09/19/2010 8:12:40 AM PDT · by blam · 41 replies
    The Business Insider ^ | 9-18-2010 | Calculated Risk
    We're $12.3 Trillion Poorer Than We Were Three Years Ago Calculated Risk Sep. 18, 2010, 6:19 PM The Federal Reserve released the Q2 2010 Flow of Funds report yesterday: Flow of Funds. According to the Fed, household net worth is now off $12.3 Trillion from the peak in 2007, but up $4.7 trillion from the trough in Q1 2009. This is the Households and Nonprofit net worth as a percent of GDP. This includes real estate and financial assets (stocks, bonds, pension reserves, deposits, etc) net of liabilities (mostly mortgages). Note that this does NOT include public debt obligations. Note...
  • Gold, silver rise as investors seek safer assets

    08/31/2010 2:02:22 PM PDT · by NormsRevenge · 16 replies
    AP on Yahoo ^ | 8/31/10 | AP
    Wary investors are buying gold and silver despite signs of improving home sales and consumer confidence in the U.S. Gold for December delivery rose $11.10 to settle at $1,250.30 an ounce Tuesday, its highest level in about two months. Silver also settled higher. A new report shows consumer confidence is improving but concerns about unemployment linger. Another report says home sales are better, but much of the improvement was traced to government tax credits. The economic worries also are causing energy prices to retreat, while grains are mixed.
  • Obama's Opressive Tax Policy Pushing Some to Consider Suicide

    07/16/2010 9:09:51 AM PDT · by Arcy · 14 replies · 1+ views
    Cato Institue ^ | 4/14/10 | Daniel J. Mitchell
    "...taxpayers don’t want the IRS to confiscate huge portions of what has been saved and invested over lifetimes of hard work. “You don’t know whether to commit suicide or just go on living and working,” says Eugene Sukup, an outspoken critic of the estate tax and the founder of Sukup Manufacturing, a maker of grain bins that employs 450 people in Sheffield, Iowa. Born in Nebraska during the Dust Bowl, the 81-year-old Mr. Sukup is a National Guard veteran and high school graduate who founded his firm, which now owns more than 70 patents, with $15,000 in 1963. He says...
  • Losing the Red Queen's Race

    02/17/2010 3:25:37 PM PST · by Bookworm22 · 2 replies · 168+ views ^ | 02/17/2010 | Charles Hugh smith
    The Red Queen's Race is an apt analogy for the meltdown in assets and debt now swamping the global economy. The Red Queen's race refers to running very fast to stay in the same place. As asset values fall globally (except where massive government stimulus has pushed the day of reckoning forward a bit), debt holders are frantically paying down or writing down debt--running very fast--but finding themselves in the same place--zero equity--despite their prodigious efforts. Owning an asset as it catapults ever higher in a credit/asset bubble offers a fateful temptation to leverage that rising equity ("free money") or...
  • Banks Want Government Subsidies to Buy Assets from Themselves

    05/31/2009 12:56:05 AM PDT · by BGHater · 3 replies · 332+ views
    The Baseline Scenario ^ | 27 May 2009 | James Kwak
    From the headlines of the Wall Street Journal: “Banks Aiming to Play Both Sides of Coin — Industry Lobbies FDIC to Let Some Buy Toxic Assets With Taypayer Aid From Own Loan Books (subscription required, but Calculated Risk has an excerpt). I thought the headline had to be a mistake until I read the article. To recap: The Public-Private Investment Program provides subsidies to private investors to encourage them to buy legacy loans from banks. The goal is to encourage buyers to bid more than they are currently willing to pay, and hopefully close the gap with the prices at which...
  • The Perfect Crime

    04/05/2009 5:54:46 AM PDT · by Bender2 · 8 replies · 599+ views
    My turn in the barrel ^ | 4-5-09 | Danny Clay Lee
    When the tree fell in the financial forest, the reported sound was deafening but hardly anyone talked about the ax. Imagine if Hitler had won World War Two and having done so, his historians and propaganda machine would never speak of his crimes. Rather, they would blame all the problems on those horrible, nasty Jews led by Churchill and Roosevelt...
  • China expresses worry over its U.S. assets

    03/13/2009 10:11:09 AM PDT · by NormsRevenge · 27 replies · 973+ views
    Reuters on Yahoo ^ | 3/13/09 | Jason Subler
    BEIJING (Reuters) – Premier Wen Jiabao held out the prospect of extra stimulus spending if needed to hit China's 8 percent growth goal this year and called on Washington to ease worries Beijing has about the safety of its vast U.S. assets. In his annual news conference ending the nine-day session of China's ceremonial parliament, Wen on Friday reaffirmed China's commitment to keeping the yuan broadly steady and noted that the currency, far from having depreciated, had been rising in value. Wen, who fielded questions for well over two hours, said the 8 percent growth target was a measure of...
  • States Consider Selling Off Roads, Parks to Confront Financial Meltdown

    12/27/2008 2:52:23 PM PST · by shielagolden · 136 replies · 4,020+ views
    AP ^ | Saturday, December 27, 2008 | AP
    States Consider Selling Off Roads, Parks to Confront Financial Meltdown Saturday, New York Gov. David Paterson is considering selling assets like the Tappan Zee Bridge, seen above, which connects two New York counties. New York Gov. David Paterson is considering selling assets like the Tappan Zee Bridge, seen above, which connects two New York counties. ST. PAUL, Minn. — Minnesota is deep in the hole financially, but the state still owns a premier golf resort, a sprawling amateur sports complex, a big airport, a major zoo and land holdings the size of the Central American country of Belize. Valuables like...
  • Trilateral Plan to Corner World Gold Market?

    12/10/2008 7:11:22 AM PST · by Sammy67 · 33 replies · 1,170+ views [Editor's note: members of the Trilateral Commission and companies with Commission representation appear in bold type.] Since 1973, this writer has made inquiry as to the location and ownership of the vast stores of monetary gold (400 oz., .999 pure bars) in the world. There has not been a formal audit on Fort Knox, for instance, since the Eisenhower administration. Official statistics on gold holdings are often contradictory. Getting plain answers from any Central Bank in the world, including the Fed, is virtually impossible. This paper points out a pattern of manipulation that has been clearly observed by many...
  • How many houses does McCain own? None

    08/21/2008 6:05:22 PM PDT · by flyfree · 49 replies · 362+ views
    hotair ^ | Ed Morrissey
    Kenneth Vogel comes up with the answer at Politico that eluded John McCain in his earlier interview. The actual number of houses owned by McCain is … zero. That’s right — the Senator doesn’t own a single property in his own name.... Sen. McCain himself does not own any of the properties. They’re all owned by Cindy McCain, her dependent children and the trusts and companies they control. …
  • Strategic assets to be protected in nat. interest[New Zealand]

    03/05/2008 7:06:16 PM PST · by BGHater · 2 replies · 120+ views
    Scoop ^ | 03 Mar 2008 | Hon Dr Michael Cullen
    Press Release: New Zealand Government Strategic assets to be protected in national interest Greater protection for New Zealand’s major strategic assets will be delivered by new Overseas Investment provisions announced by Finance Minister Michael Cullen today. A new regulation under the Overseas Investment Act 2005 was introduced by Order in Council today. The regulation will bolster the factors Ministers may take into account when considering overseas investment applications that affect a very narrow range of strategically important assets. The changes have been made in response to the uncertainty and debate that have emerged surrounding the Canadian Pension Plan Investment Board’s...