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Articles Posted by Lorianne

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  • Opinion Journal: 'War Is Interested in You'

    05/22/2015 1:47:18 PM PDT · by Lorianne · 1 replies
    Opinion Jounal ^ | 22 May 2015 | Mary Kissel interviews authro Bret Stephens
    Global View Columnist Bret Stephens on President Obama's reaction to the fall of Ramadi and Palmyra. Video 3:28
  • Al Nusrah Front and allies claim victory at Al Mastoumah, Idlib

    05/19/2015 4:11:30 PM PDT · by Lorianne · 6 replies
    Long War Journal ^ | 19 May 2015 | Caleb Weiss
    The Al Nusrah Front, al Qaeda’s official branch in Syria, and its allies in the Jaysh al Fateh coalition are claiming to have completely overrun the Assad regime’s forces at the Al Mastoumah military camp in Idlib. The camp was one of the last remaining regime strongholds in the northwestern province. The jihadists have been promoting the victory on Twitter and other social media. On Al Nusrah’s official Twitter feed for its Idlib operations, the jihadist group said that it and its Jaysh al Fateh allies have fully “liberated” the camp. In other tweets, it said that the regime forces...
  • As the UK has discovered, there is no postindustrial promised land

    05/19/2015 10:31:18 AM PDT · by Lorianne · 24 replies
    Guardian UK ^ | 18 May 2015 | Eamonn Fingleton
    In the 1950s, every region of Britain had industrial clout. Then came postindustrialism, a disastrous intellectual fad that has proved to be no substitute for advanced manufacturing ___ Anyone puzzled by Scotland’s increasing disaffection should take a look at a book called British Enterprise. Written by Alexander Howard and Ernest Newman, and published in 1952, the immediate afterglow of the festival of Britain, it consisted of short descriptions of each of more than 100 then world-beating British manufacturing companies. It strikingly illustrates how much more geographically balanced the British economy was in those days. In common with latter­day Germany, every...
  • John Batchelor interviews Bill Roggio, Thomas Joscelyn, FDD re Syria/Iraq and Ramadi.

    05/19/2015 9:41:46 AM PDT · by Lorianne · 3 replies
    John Batchelor Show ^ | 18 May 2015 | John Batchelor
    Podast interview of publishers of the Long War Journal re Iraq/Syria, Ramadi, our own military seemingly not knowing what is going on, etc. First half of show. Around 18 minutes
  • 'Paddle in Seattle' Arctic oil drilling protest

    05/18/2015 7:53:11 PM PDT · by Lorianne · 12 replies
    BBC ^ | 17 May 2015
    Hundreds of people in kayaks and small boats have staged a protest in the north-western US port city of Seattle against oil drilling in the Arctic by the Shell energy giant. Paddle in Seattle was held by activists who said the firm's drilling would damage the environment. It comes after the first of Shell's two massive oil rigs arrived at the port. The firm wants to move them in the coming months to explore for oil off Alaska's northern coast. Earlier this week, Shell won conditional approval from the US Department of Interior for oil exploration in the Arctic. The...
  • How the Clintons Worked the Angles in Haiti

    05/17/2015 4:34:46 PM PDT · by Lorianne · 21 replies
    Wall Street Journal ^ | 10 May 2015 | Mary Anastasia O’Grady
    Within two weeks of Haiti’s January 2010 earthquake, the word had already gone out from the State Department that Bill Clinton would be in charge of U.S. reconstruction efforts. “That means,” one individual told me and I reported in a Jan. 25, 2010 column, “if you don’t have Clinton connections, you won’t be in the game.” The “game,” as my source called it, meant securing hundreds of millions of dollars in no-bid contracts from the State Department’s U.S. Agency for International Development and grants from multilateral institutions like the InterAmerican Development Bank, which gets the bulk of its funding from...
  • The hidden hand behind the Islamic State militants? Saddam Hussein’s.

    05/16/2015 12:55:40 PM PDT · by Lorianne · 15 replies
    Washington Post ^ | 04 April 2015 | Liz Sly
    When Abu Hamza, a former Syrian rebel, agreed to join the Islamic State, he did so assuming he would become a part of the group’s promised Islamist utopia, which has lured foreign jihadists from around the globe. Instead, he found himself being supervised by an Iraqi emir and receiving orders from shadowy Iraqis who moved in and out of the battlefield in Syria. When Abu Hamza disagreed with fellow commanders at an Islamic State meeting last year, he said, he was placed under arrest on the orders of a masked Iraqi man who had sat silently through the proceedings, listening...
  • The U.S. economy has left behind 20 million Americans

    05/15/2015 8:00:05 PM PDT · by Lorianne · 16 replies
    Market Watch ^ | 13 May 2015 | Howard Gold
    About 10% of adults of working age have at best marginal ties with the economy ___ Last month, when Baltimore was burning after a young African-American man died in police custody (six officers were subsequently charged), I did a Google search to find what David Simon thought about it. Simon, a former reporter for the Baltimore Sun, was the creator and show runner of “The Wire,” which ran for five seasons on HBO and which Entertainment Weekly called the greatest television show ever. It was a brilliant narrative of the struggle for survival in a violent, drug-riddled Baltimore neighborhood much...
  • Greece pays IMF [interest on] loan but another [w/IMF bailout], bigger one looms next week

    05/15/2015 12:11:45 PM PDT · by Lorianne · 1 replies
    With Greece’s cash flow problems growing by the day and negotiations with its creditors on the ropes, Athens managed to make a $222-million (U.S.) repayment to the International Monetary Fund on Wednesday. But another, much larger repayment looms next week that Greece will struggle to manage. The country once more faces the possibility of having to default on its debt, which could set off a chain of events jeopardizing its membership in Europe’s joint currency. The country’s left-wing government has been locked in troubled negotiations with its creditors and the institutions overseeing its bailout – the IMF, European Central Bank...
  • Your attention span is now less than that of goldfish, Microsoft says

    05/15/2015 11:52:55 AM PDT · by Lorianne · 23 replies
    Ottawa Citizen ^ | 12 May 2015 | Vito Piliei
    People now have shorter attention spans than goldfish — and our always-on portable devices may be to blame, a new study suggests. The study from Microsoft Corp. draws on surveys of more than 2,000 Canadians who played games online in order to determine the impact that pocket-sized devices and the increased availability of digital media and information are having on everyday life. Researchers also did in-lab monitoring, using electroencephalograms (EEGs) to monitor brain activity of 112 people. Among the findings of the 54-page study was that, thanks to our desire to always be connected, people can multi-task like never before....
  • You Can’t Read the TPP, But These Huge Corporations Can

    05/15/2015 11:49:40 AM PDT · by Lorianne · 12 replies
    Intercept, the ^ | 12 May 2015 | Alleen Brown
    The Senate today is holding a key procedural vote that would allow the Trans-Pacific Partnership to be “fast-tracked.” So who can read the text of the TPP? Not you, it’s classified. Even members of Congress can only look at it one section at a time in the Capitol’s basement, without most of their staff or the ability to keep notes. But there’s an exception: if you’re part of one of 28 U.S. government-appointed trade advisory committees providing advice to the U.S. negotiators. The committees with the most access to what’s going on in the negotiations are 16 “Industry Trade Advisory...
  • SEC a stumbling block in banks' forex guilty pleas: sources

    05/15/2015 11:47:28 AM PDT · by Lorianne
    Reuters ^ | 14 May 2015 | Karen Freifeld, Sarah N. Lynch, Soyoung Kim
    Banks want assurances from U.S. regulators that they will not be barred from certain businesses before agreeing to plead guilty to criminal charges over the manipulation of foreign exchange rates, causing a delay in multibillion-dollar settlements, people familiar with the matter said. In an unprecedented move, the parent companies or main banking units of JPMorgan Chase & Co (JPM.N), Citigroup Inc (C.N), Royal Bank of Scotland Group Plc (RBS.L), Barclays Plc (BARC.L) and UBS Group AG (UBSG.VX) are likely to plead guilty to rigging foreign exchange rates to benefit their transactions. The banks are also scrambling to line up exemptions...
  • Global debt binge casts shadow over fragile recovery

    05/15/2015 11:45:44 AM PDT · by Lorianne · 2 replies
    Globe & Mail (Canada) ^ | 13 May 2015 | Brian Milner
    Seven years after the global financial meltdown forced them to turn the spending spigots wide open, governments around the world are piling up record amounts of debt, raising the spectre of another financial crisis that could tear apart the fragile economic recovery. The current tumult in the bond world reflects growing concerns that the debt sloshing around global markets is becoming riskier, at a time when liquidity is thin and economic growth remains weak despite years of aggressive stimulus measures and widening budget deficits. Government bonds regarded as among the safest in the developed world have become subject to violent...
  • Michigan voters reject road funding ballot measure, Proposal 1 (sales tax road maintenance)

    05/11/2015 7:35:54 AM PDT · by Lorianne · 17 replies
    Michigan Radio ^ | 05 May 2015 | Mark Brush
    We in Michigan have been talking about fixing our roads for years. "Just fix the damn roads," was the mantra Michigan lawmakers heard over and over from their constituents. Now the refrain sounds more like "just don't fix the damn roads this way." Voters overwhelmingly voted "no" on Proposal 1 - the statewide road funding ballot initiative that would have raised the state's sales tax from 6% to 7% in order to change the way fuel is taxed in Michigan. The changes in fuel tax would have generated new road funding. See vote tallies here. Now it's back to the...
  • Election may set U.K. on path to a split, isolation

    05/10/2015 10:04:59 AM PDT · by Lorianne · 11 replies
    Washington Post ^ | 09 May 2009 | Griff Witte and Dan Balz
    After unexpected political charisma and cunning propelled him to another term as Britain’s prime minister, David Cameron will now need every ounce of those skills to avoid going down in history with an altogether different title: founding father of Little England. A result that maintained the status quo at 10 Downing Street masked the dramatic transformations roiling Britain, ones that threaten to leave this country more isolated than at any time in its modern history. “The E.U. referendum is going to trigger a debate over the role we play in the world, and on that, the different parts of the...
  • U.S. Economy Added 223,000 Jobs in April; Unemployment Rate at 5.4%

    05/08/2015 11:43:40 AM PDT · by Lorianne · 26 replies
    New York Times ^ | 08 May 2015 | Nelson D. Schwartz
    Employers added 223,000 positions last month, the Labor Department reported, and the unemployment rate decreased to 5.4 percent, a turnaround from the disappointing performance in March, initially reported as a modest 126,000 gain and then revised down on Friday to 85,000.“We expected a rebound following the numbers in March and we got it, but not much more,” said Guy Berger, United States economist at RBS. “Wage growth is still the missing piece.” Indeed, before Friday’s report, some economists were estimating that average hourly earnings might rise 0.2 percent or more in April, signaling an upswing from the slow pace of...
  • Conservatives win as Miliband and Clegg face political extinction

    05/08/2015 7:03:00 AM PDT · by Lorianne · 12 replies
    Daily Mail UK ^ | 07 May 2015
    David Cameron today vowed to make Great Britain 'greater still' as he set out how he will use his shock outright Tory majority to ensure the 'good life is in reach for everyone who's willing to work and do the right thing'. The Prime Minister used a statement outside Number 10 to pay tribute to both Labour's Ed Miliband and his former Lib Dem deputy Nick Clegg who have both resigned after suffering heavy losses in one of the most unpredictable election results for a generation. Mr Cameron returned to Number 10 with his wife Samantha after making the short...
  • NYPD,possible hate crime, man bash[es] chair onto gay couple during [NYC] restaurant brawl

    05/06/2015 2:15:57 PM PDT · by Lorianne · 29 replies
    NY Daily News ^ | 06 May 2015
    The NYPD is investigating a restaurant beatdown as a possible hate crime after wild video taken at the Chelsea eatery shows an attacker smash a wooden chair over a gay couple, knocking them both to the ground, witnesses and cops said. According to DNAinfo.com, which first reported on the assault, the beating came after the attacker lobbed several gay slurs at the couple, identified by the website as Jonathan Snipes, 32, and his 25-year-old boyfriend, Ethan York-Adams. "These guys attacked us specifically because they knew we weren't their type of people," Snipes told DNA. "It was disgusting. It was awful.”...
  • New DHS-Sponsored Study Reveals ISIS Recruitment in Minnesota

    05/04/2015 1:04:57 PM PDT · by Lorianne · 12 replies
    Security Debrief ^ | 27 April 2015 | Erroll Southers and Justin Hienz
    The threat of foreign fighter recruitment is greater today than it has ever been. The Islamic State in Iraq and the Levant (ISIL) is proving lethally effective in drawing extremists from around the world to their ranks, and in the United States, ISIL is targeting the Somali-American community in Minneapolis-St. Paul, Minnesota. There are more than 40,000 Somali-Americans and immigrants in Minnesota. This growing immigrant community is facing substantial challenges, including weak family structures, lack of education, racism and violent crime. In this mix of chronic community challenges, young people can be unsure of their personal identity, leaving them vulnerable...
  • The Myth That Mortgage Credit Is Really Tight

    05/04/2015 11:19:04 AM PDT · by Lorianne · 17 replies
    Real Clear Markets ^ | 29 April 2015 | Stephen Oliner
    The claim that mortgage credit is very tight for all but pristine borrowers has been repeated so often by respected policymakers and economists that it is now taken as fact. This characterization of today's mortgage market, however, is misleading. The truth is that most people with a steady job and an average (or worse) credit score can get a mortgage. Many borrowers taking out home purchase loans these days have less than perfect credit. The federal government has been more than willing to guarantee higher-risk mortgages, and it's been doing a lot of business with lenders that originate the loans...
  • A new housing bubble?

    05/04/2015 11:07:03 AM PDT · by Lorianne · 3 replies
    Los Angeles Times ^ | 23 April 2015 | Edward J. Pinto, Stephen D. Oliner
    Contrary to the prevailing view that only borrowers with pristine credit records can get a mortgage these days, many risky loans are still being made. A new index published by the International Center on Housing Risk at the American Enterprise Institute measures this risk month by month, based on about three-quarters of all home-purchase loans extended across the country. And the index clearly shows that many of today's mortgages would not perform well under stressful conditions. This conclusion holds for the nation as a whole and for nearly every state individually, California included. Here's why. In recent months, fully half...
  • Our Banking System is a Giant House of Cards

    05/03/2015 1:17:50 PM PDT · by Lorianne · 21 replies
    Institute for New Economic Thinking ^ | 21 April 2015 | Lynn Parramore inteviews Anat Admati
    Lynn Parramore: How would you describe the problem of Too Big to Fail banks. Whey does it matter to an ordinary person? Anat Admati: Too Big to Fail is a license for recklessness. These institutions defy notions of fairness, accountability, and responsibility. They are the largest, most complex, and most indebted corporations in the entire economy. We all have to be really alarmed by the fact that not only do we still have such institutions, but many of them are ever-larger and more complex and at least as dangerous, if not more so, than they were before the financial crisis....
  • Rioters in Milan smash shopfronts, throw smoke bombs as Expo opens

    05/03/2015 1:00:27 PM PDT · by Lorianne · 40 replies
    CNBC ^ | 01 May 2015 | Phil Han
    Milan has been waiting since 2008 for this day and now it has finally come—but takeoff for the World Expo 2015 looks to be overshadowed by violent protests. The turnstiles and doors officially opened on Friday in Italy's commercial and fashion capital. But opening day excitement for the six-month-long commercial event wasn't necessarily present among the crowds on Friday. The wet weather may have dampened the number of visitors to the event on its first day—with noticeably empty entrances and security checkpoints. Meanwhile, thousands of protesters marched through the streets of Milan behind a banner reading "No Expo, Eat the...
  • Texas Sends Poor Teens To Adult Jail For Skipping School

    04/26/2015 11:38:12 AM PDT · by Lorianne · 37 replies
    Buzzfeed ^ | 22 April 2015 | Kendall Taggart
    More than a thousand Texas teenagers have been ordered to lockup on charges that stem from missing school, often because they have unpaid court fines. The costs to their education are high. Some, like Serena Vela, never go back.
  • Can Navinder Singh Sarao really be a Wolf of Wall Street? [2010 flash crash]

    04/25/2015 9:41:10 AM PDT · by Lorianne · 8 replies
    Telegraph (UK) ^ | 24 April 2015 | Ben Wright
    lone trader has been accused of illegally earning millions of pounds and bringing chaos to the world’s financial markets from a computer in his parents’ semi-detached home in Hounslow. US financial regulators claim that Navinder Singh Sarao’s actions contributed to the so-called “flash crash” in May 2010, when hundreds of billions of dollars were wiped off the value of stocks in a matter of minutes. They believe Sarao may have made more than $40m (£27m) over the past five years, with nearly $900,000 on the day of the flash crash alone. The 36-year-old trader has been arrested on charges of...
  • The Clinton Foundation’s Foreign Dealings Are Looking Ugly for Hillary

    04/23/2015 12:55:42 PM PDT · by Lorianne · 20 replies
    And so it begins. The New York Times and the Washington Post on Thursday published separate investigative reports digging deep into the finances of Hillary and Bill Clinton, their family foundation, and the overlap between their interests and those of their global patrons. Neither report provides a smoking gun, but both illustrate a politically fraught dynamic that is expected to dog Hillary throughout her 2016 campaign. As the Russians gradually assumed control of Uranium One in three separate transactions from 2009 to 2013, Canadian records show, a flow of cash made its way to the Clinton Foundation. Uranium One’s chairman...
  • John Batchelor interviews Thomas Joscelyn, FDD and Ann Marlowe, Hudson re new info on Benghazi.

    04/21/2015 2:11:47 PM PDT · by Lorianne · 5 replies
    John Batchelor Show ^ | 22 April 2015
    Podcast, first half of show Very interesting information especially about decision H Clinton made subsequent to the Benghazi attacks.
  • Scary Google messages (vanity).

    04/19/2015 10:56:51 AM PDT · by Lorianne · 18 replies
    me
    I have started getting captcha requests this message after GOOGLE searches: Our systems have detected unusual traffic from your computer network. This page checks to see if it's really you sending the requests, and not a robot. I do a lot of searches. I especially look up places on maps after reading news items about geographic regions I'm not entirely familiar with. For example, yesterday I met someone from Bulgaria at a store. Even though I had a vague idea where Bulgaria is, today I googled it on Google to pick up a map to see where it is in...
  • Oil layoffs hit 100,000 and counting

    04/15/2015 8:20:56 PM PDT · by Lorianne · 4 replies
    Business Daily Live ^ | 15 April 2015 | Dan Molinski,
    LIKE many other oil-field workers, Chris Sabulsky spent years working a schedule known as "14 on, 14 off": two weeks at an oil or gas well somewhere followed by another 14 days at home in East Texas, fishing for bass and crappie. But now Mr Sabulsky, 48 years old, is spending his days sending out résumés, calling acquaintances to see if they know of job openings, and pondering his future. His job managing hydraulic-fracturing, or fracking, operations at well sites evaporated in February after the oil-price plunge last year. Fracking, which uses water, chemicals and sand to free oil and...
  • Dutch Retirement Home Offers Students Free Rent For Time Spent With Elderly Residents

    04/10/2015 6:23:45 PM PDT · by Lorianne · 30 replies
    Bored Panda ^ | 09 April 2015
    Humanitas, a social service organization in the Netherlands, has come up with a brilliant model for helping students with their expenses and the elderly with the care and social interaction that they need to remain physically and psychologically healthy. In return for free lodging at a retirement home in the Dutch town of Deventer, six students will spend at least 30 hours a month with the 160 elderly residents living there, doing anything from helping prepare their meals and shopping with/for them to teaching them to use computers or even paint street art! The program, spearheaded by Humanitas Deventer CEO...
  • ‘Gertie’s Babies,’ Sold at Birth, Use DNA to Unlock Secret Past

    04/10/2015 12:58:35 PM PDT · by Lorianne · 7 replies
    New York Times ^ | 04 April 2015 | Kirk Johnson
    Sue Docken’s start in life, in 1951, with a no-questions-asked cash adoption at the hands of a midwife, had strong elements of the crime scene that it was. Her adoptive father was told to stay in the car and keep the motor running. His wife went into a nondescript office building in Butte, Mont., where she met with the midwife, Gertrude Pitkanen, and was handed the hours-old infant and the afterbirth, offered a peek through a curtain at the young mother lying in a bed, and told to leave. The afterbirth was thrown out the window on the drive home,...
  • Russia may give Greece pre-payment of profits from future gas pipeline project

    04/09/2015 9:44:10 AM PDT · by Lorianne · 9 replies
    CNBC/Reuters ^ | 08 April 2015
    Russia is considering soon giving Greece funds based on future profits Athens would earn from shipping Russian gas to Europe as part of an extension of the Turkish Stream gas pipeline project, a Greek government official said. Plans for the pipeline taking Russian gas from Turkey to Europe via Greece would be linked to lower Russian gas prices, the official added. Greece would pay back the Russian prepayment after the pipeline started operating, the official said.
  • Why Science Does Not Disprove God by Amir Aczel (interview with book author

    04/06/2015 12:38:14 PM PDT · by Lorianne · 11 replies
    John Batchelor Show ^ | 04 April 2013 | John Batchelor interviews author Amir Aczel
    book review ___ Why Science Does Not Disprove John Batchelor interviews author Amir Aczel podcasts 39:45
  • Slaves Used To Catch Fish That End Up On U.S. Tables

    04/03/2015 5:30:46 PM PDT · by Lorianne · 65 replies
    Times Union / AP ^ | 24 March 2015 | Margie Mason, Martha Mendoza and Robin McDowell, Associated Press
    Benjina, Indonesia ___ The Burmese slaves sat on the floor and stared through the rusty bars of their locked cage, hidden on a tiny tropical island thousands of miles from home. Just a few yards away, other workers loaded cargo ships with slave-caught seafood that clouds the supply networks of major supermarkets, restaurants and even pet stores in the United States. Here, in the Indonesian island village of Benjina and the surrounding waters, hundreds of trapped men represent one of the most desperate links criss-crossing between companies and countries in the seafood industry. This intricate web of connections separates the...
  • Private Emails Reveal Ex-Clinton Aide’s Secret Spy Network

    04/01/2015 12:15:26 PM PDT · by Lorianne · 17 replies
    Pro Publica ^ | 27 March 2015 | Jeff Gerth
    Emails disclosed by a hacker show a close family friend was funneling intelligence about the crisis in Libya directly to the Secretary of State’s private account starting before the Benghazi attack. ___ weeks before Islamic militants attacked the U.S. diplomatic outpost in Benghazi, Libya, longtime Clinton family confidante Sidney Blumenthal supplied intelligence to then Secretary of State Hillary Clinton gathered by a secret network that included a former CIA clandestine service officer, according to hacked emails from Blumenthal’s account. The emails, which were posted on the internet in 2013, also show that Blumenthal and another close Clinton associate discussed contracting...
  • GOP's Martina White wins 170th House District (PA)

    04/01/2015 11:49:36 AM PDT · by Lorianne · 3 replies
    Philly. Com ^ | 26 March 2015 | Chris Brennan
    Martina White became the city's second Republican member in the state House on Tuesday night, with a commanding win in a special election for Northeast Philadelphia's 170th District. Her victory - by a margin of 14 percent with 97 percent of the vote tallied Tuesday night - prompted Republican celebrations and Democratic recriminations. White defeated Democrat Sarah Del Ricci, who was handpicked for the special election by Lt. Gov. Mike Stack III. White credited the win - the first pickup by the Republicans of an open General Assembly seat in Philadelphia in 25 years - to the hard work of...
  • Americans just aren't spending

    04/01/2015 11:27:12 AM PDT · by Lorianne · 30 replies
    CNN ^ | sometime around the end of March 2015 | Paul R. La Monica
    Consumer spending is often called an engine of the United States economy. That engine may be about to blow a gasket. Consumers are sitting on their wallets. The government reported Monday that personal consumption expenditures -- aka consumer spending -- rose just 0.1% in February. That follows two months of declines of 0.2%. It comes at a time when people actually do have a little bit more money to spend. In the same report, the government said disposable personal incomes rose 0.4% in February, after rising 0.5% in January and 0.3% in December.
  • H-1B visa program needs reform

    03/31/2015 8:05:36 PM PDT · by Lorianne · 21 replies
    San Francisco Chronicle ^ | 31 March 2015 | Debra J. Saunders
    Last month, Senate Judiciary Committee Chairman Chuck Grassley, R-Iowa, held a congressional hearing on the H-1B visa program that eliminated any doubt that some corporations are gaming the system to the severe disadvantage of skilled workers. Last year, the Center for Investigative Reporting reported on abuses of so-called “body shops” — labor brokers who enlist foreign workers abroad, press them into exploitative contracts and cut them undersized checks as they do contract work for established tech concerns that may want to avert the bad publicity. Howard University public policy Professor Ron Hira testified that Washington “inadvertently created a highly profitable...
  • Under Fire: The Untold Story of the Attack in Benghazi (book)

    03/31/2015 12:56:13 PM PDT · by Lorianne · 4 replies
    John Batchelor Show ^ | 31 March 2015 | John Batchelor interviews authors Fred Burton and Samuel M. Katz
    Podcast - interview of book authors 39:53
  • In fight for Tikrit, U.S. finds enemies on both sides of the battle lines

    03/30/2015 1:30:27 PM PDT · by Lorianne · 6 replies
    Washington Post ^ | 27 March 2015 | Loveday Morris
    Since the U.S.-led coalition planes launched their first airstrikes in the Islamic State-held city of Tikrit on Wednesday night, threats and accusations from ­Shiite militias who were leading the battle there have grown. Several of the Iranian-backed groups accused coalition aircraft of bombing a headquarters for pro-government fighters in the city on Friday, promising retribution. The U.S. Embassy in Baghdad released a statement Friday rebutting the claim, saying there were no coalition strikes in the vicinity at the time, and the Iraqi government also said no such attack took place. The claim was the latest in a long string of...
  • Foreclosure to Home Free, as 5-Year Clock Expires

    03/30/2015 12:35:33 PM PDT · by Lorianne · 41 replies
    New York Times ^ | 29 March 2015 | Michael Corkery
    In September, Susan Rodolfi celebrated an unusual anniversary: five years of missed mortgage payments. She is like a ghost of the housing market’s painful past, one of thousands of Americans who have skipped years of mortgage payments and are still living in their homes. Now a legal quirk could bring a surreal ending to her foreclosure case and many others around the country: They may get to keep their homes without ever having to pay another dime. The reason, lawyers for homeowners argue, is that the cases have dragged on too long. There are tens of thousands of homeowners who...
  • Who’s fighting for whom in Yemen’s proxy war?

    03/30/2015 9:43:30 AM PDT · by Lorianne · 4 replies
    Reuters ^ | 27 March 2015 | Laura Kasinof
    The Saudi kingdom long was Yemen’s largest benefactor and held sway over powerful Yemeni tribal leaders. Yet following Saleh’s resignation in November 2011, Iran swiftly worked to increase its influence in Yemen by creating ties with whomever shared a common disdain for Saudi Arabia, including liberal anti-Saleh activists. The Houthi rebels, an oft-ignored militia from Yemen’s far north, were an obvious ally for Iran. Houthi fighters, who follow a sect of Shi’ite Islam known as Zaydism, consolidated power in the wake of the 2011 government collapse. They are staunchly anti-Saudi. They believe that the Kingdom was involved in the systematic...
  • [Australia]set to introduce tax on bank deposits

    03/30/2015 9:40:27 AM PDT · by Lorianne · 26 replies
    ABC ^ | 28 March 2015
    The idea of a bank deposit tax was raised by Labor in 2013 and was criticised by Tony Abbott at the time. Assistant Treasurer Josh Frydenberg has indicated an announcement on the new tax could be made before the budget. The Government is heading for a fight with the banking industry, which has warned it will have to pass the cost back onto customers. Mr Frydenberg is a member of the Government's Expenditure Review Committee but has refused to provide any details
  • Angola joins Venezuela among biggest losers of oil's tumble

    03/30/2015 8:13:03 AM PDT · by Lorianne · 8 replies
    CNBC ^ | 28 March 2015 | Will Duke
    Plunging oil prices have been an economic windfall for U.S. consumers, primarily through greater savings at the pump. In energy-reliant countries around the world like Angola, however, the effect has been far less beneficial. Social and economic turmoil in countries like Venezuela and Russia—largely because of the swoon in global oil prices—has drawn attention away from Angola, an OPEC member that is Africa's second-largest oil producer. The country churns out 1.75 million barrels of oil per day, according to the Energy Information Agency (EIA). The sub-Saharan country is hugely dependent on oil production to generate revenue for its economy, which...
  • QE Will "Permanently Impair Living Standards For Generations To Come"

    03/28/2015 6:46:27 PM PDT · by Lorianne · 24 replies
    Zero Hedge ^ | 28 March 2015 | Tyler Durden
    When "very serious people" (even if it is those who once ran now defunct Bear Steanrs) announce it, with a 6 year delay, they make the Financial Times. On the other hand, when Zero Hedge said precisely this 6 years ago, it was cast as a tin-foil clad group of conspriators who see the worst in every situation. What is "it"? This: The long-term consequences of global QE are likely to permanently impair living standards for generations to come while creating a false illusion of reviving prosperity.In this case, it was said this week by Guggenheim's Chairman of Investments and...
  • Death to America! Death to the Jews! Death to Me!

    03/27/2015 4:06:23 PM PDT · by Lorianne · 15 replies
    Steyn Online ^ | 23 March 2015 | Mark Steyn
    "Death to America!" It's not just for Americans anymore: "Death to America. Death to Israel. Curse upon the Jews. Victory to Islam. Allahu Akbar," the worshipers recited en masse. Then a terrorist roaming among the mosque's patrons detonated himself... Don't you hate it when you're raining down death-curses on people hither and yon, and then some guy blows you up? In this case, the pro-Houthi Shia victims were killed by a pro-ISIS Sunni terrorist. Some 140 dead, over 350 injured. (caution, bloody photos at link)
  • US continues to insist airstrikes support Iraqi forces, not Shiite militias

    03/27/2015 3:39:15 PM PDT · by Lorianne · 2 replies
    Long War Journal ^ | 26 March 2015 | Bill Roggio
    US commanders continue to insist that they are supporting Iraqi security forces, and not the Iranian-backed Shiite militias who make up more than two-thirds of the fighting force in the Tikrit offensive. US military officials’ denials that they are serving as the air force for Iranian-backed Shiite militias that are responsible for killing hundreds of American soldiers before US forces withdrew from Iraq in December 2011 becomes even more perplexing once you understand that many of the top leaders of these militias have been designated by the US as terrorists. And one of these militias (Hezbollah Brigades) is listed as...
  • Al Nusrah Front video showcases more American-made TOW missiles

    03/27/2015 3:35:12 PM PDT · by Lorianne · 3 replies
    Long War Journal ^ | 26 March 2015 | Thomas Joscelyn
    The Al Nusrah Front, al Qaeda’s official branch in Syria, has released another video showing its fighters using American-made TOW missiles. As The Long War Journal reported earlier this week, Al Nusrah released a video featuring a TOW missile attack in the early hours of the jihadists’ newly-launched offensive against Syrian regime forces in the city of Idlib. Al Nusrah continues to use the weapons against Bashar al Assad’s forces. Earlier today, Al Nusrah released the video shown above on one of its official Twitter feeds. The fighter, whose face is obscured, fires two TOW missiles on Syrian tanks. The...
  • In Yemen, It’s The Bad Guys Vs. The Bad Guys

    03/27/2015 2:22:48 PM PDT · by Lorianne · 26 replies
    Economic Collapse ^ | 26 March 2015 | Michael Snyder
    Saudi Arabia and Egypt stand poised to conduct a massive ground invasion of Yemen, and the western media will be full of tales about how “Operation Decisive Storm” is liberating that country from the evil Iranian-backed Houthi rebels. And without a doubt, the Houthis are bad guys and so are their Iranian benefactors. But don’t be fooled into thinking that the war in Yemen is a battle of good vs. evil. The truth is that the conflict in Yemen is actually a proxy war between two sets of bad guys that both ultimately plan for Islam to take over the...
  • How low can interest rates go?

    03/26/2015 7:40:52 PM PDT · by Lorianne · 4 replies
    BBC ^ | 25 March 2015 | Robert Peston
    The Bank of England's website says that the "effective lower bound" for the interest rate it sets, Bank Rate, is the current rate of 0.5%. This is the level, according to the Bank, "below which it cannot be set" - the lowest practicable official interest rate. But on this important issue the website is behind the thinking of the Bank of England's Monetary Policy Committee, which sets Bank Rate as its main tool to keep inflation on target. The Bank of England's website says that the "effective lower bound" for the interest rate it sets, Bank Rate, is the current...