Keyword: feds

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  • Here's The Fed Speech That Has Everyone Buzzing About 'QE3' Tonight

    10/20/2011 7:50:58 PM PDT · by blam · 23 replies
    TBI ^ | 10-20-2011 | Joe Weisenthal
    Here's The Fed Speech That Has Everyone Buzzing About 'QE3' Tonight Joe Weisenthal Oct. 20, 2011, 6:53 PM The big econ news of the night is this report from WSJ that the Fed is considering large-scale mortgage purchases to drive down rates even further. This talk appears to have been set off by a speech given by Fed Governor Daniel Tarullo given this evening at Columbia where he talks up precisely this: Mortgage purchases. Here's the relevant bit: Within the FOMC and in the broader policy community, there has been considerable discussion of possible additional accommodative measures, from communication strategies...
  • Feds Off the Hook for Wrecked $750G Ferrari

    10/14/2011 1:27:43 PM PDT · by Immerito · 37 replies
    Fox News ^ | October 11, 2011 | AP
    DETROIT – A federal judge in Detroit has dismissed a lawsuit against the U.S. government over the wreck of a $750,000 Ferrari driven by an FBI agent.
  • Feds award $55M to fund security planning for Chicago summits

    09/30/2011 4:40:44 AM PDT · by Thebaddog · 2 replies
    Chicago Tribune ^ | 9.30.11 | David Heinzmann
    Chicago has won a $54.6 million federal grant to fund security and emergency planning and cooperation among the city, Cook County and the state as preparations begin to ramp up for the G-8 and NATO summits being held here next May. While the money is to be shared among city, county and state emergency management agencies, Chicago's top emergency planner said the grant will be most useful in planning training exercises to handle security at the simultaneous economic and defense summits, which are likely to attract thousands of demonstrators. Gary Schenkel, director of the Chicago Office of Emergency Management and...
  • Politics Feds Finalizing Ban on Over-the-Counter Asthma Inhalers Over Environmental Concerns

    09/26/2011 5:43:23 PM PDT · by Nachum · 41 replies
    Fox ^ | 9/26/11 | Judson Berger
    Hundreds of thousands of asthma sufferers who use an over-the-counter inhaler will be compelled to seek a more costly prescription device by the end of the year, when the federal government plans to ban them over environmental concerns. The Food and Drug Administration last week began a media push to get the word out about the looming phase-out. After Dec. 31, the epinephrine asthma inhaler known as Primatene Mist will no longer be available. The product is currently the only FDA-approved over-the-counter inhaler and is being taken off the shelves because it uses something called chlorofluorocarbons (CFCs) as a propellant...
  • Man Gets 30-Month Sentenced For Trying To Kill Dad

    09/22/2011 6:44:18 AM PDT · by DemforBush · 5 replies · 1+ views
    WRTV 6 (Indianapolis) ^ | 9/22/11 | n/a
    FORT WAYNE, Ind. -- A federal judge was lenient in sentencing a northeastern Indiana for trying to hire an undercover agent to kill his father. The judge on Wednesday gave Troy Hott, of Markle, a 30-month sentence, much less than the seven-plus years prosecutors requested in his plea agreement...
  • Feds execute search warrants at Calif. solar firm

    09/08/2011 9:05:54 AM PDT · by Nachum · 24 replies
    Breitbart ^ | 9/8/11 | ap
    <p>FREMONT, Calif. (AP) - FBI agents executed search warrants on Thursday at the headquarters of California solar firm Solyndra, which received a $535 million loan from the federal government before filing for bankruptcy last week.</p> <p>Agents executed multiple search warrants at the company's headquarters in Fremont as part of an investigation with the Department of Energy's Office of Inspector General, according to FBI spokesman Peter Lee. Lee said he could not provide details about the investigation.</p>
  • Eco-zealous feds target Gibson guitars, antique piano sellers; Updated: Gibson explains

    08/26/2011 10:07:48 AM PDT · by Nachum · 53 replies
    Michelle Malkin ^ | 8/25/11 | Michelle Malkin
    The real endangered species? I’ve seen a lot of enviro-nitwittery over the years, but this takes the cake. US Fish and Wildlife officials have raided the famous Gibson Guitars. And the instrument-maker isn’t alone. Antique piano dealers are also in the crosshairs. Why? Because rare, beautiful instruments made of ecologically incorrect materials must be sacrificed at the green altar. Talk about hitting a sour note. Eric Felten at the WSJ reports: Federal agents swooped in on Gibson Guitar Wednesday, raiding factories and offices in Memphis and Nashville, seizing several pallets of wood, electronic files and guitars. The Feds are keeping...
  • What Will The Fed Say On Friday? It Really Doesn't Matter

    08/24/2011 7:13:07 AM PDT · by blam · 2 replies
    Seeking Alpha ^ | 8-24-3011 | Avi Gilburt
    What Will The Fed Say On Friday? It Really Doesn't Matter by: Avi Gilburt August 24, 2011 Everyone is walking on pins and needles as we await what the Fed, and, specifically, Ben Bernanke is going to say on Friday. Will Bernanke announce QE3 and rally the markets? Will he shy away from references of further QE? Inquiring investors want to know!! Memories of Jackson Hole 2010 are resounding in investor’s minds. They have their fingers on their buy buttons, ready to act as soon as they hear the words Quantitative Easing. In reality, this is all much to do...
  • DHS "Police" SUV Around My Neighborhood Today

    08/18/2011 6:19:59 PM PDT · by RushIsMyTeddyBear · 37 replies
    FreeRepublic ^ | 8/18/2001 | ME
    We live in a very small town and in a middle-class neighborhood. You couldn't GET more of a sleepy community. Was picking the kids up from school and noticed a police SUV headed up a main side street. Came back from picking up 1st child and then noticed the SUV going up and down the blocks of the neighborhood. Went to pick up second child at another school and got behind the SUV. "GI" plates, white SUV with lettering down the side that said "POLICE" and then it turned at the light so I could read the side and it...
  • Feds buying up farmland they flooded; Soros in on it

    07/13/2011 10:04:57 AM PDT · by Nachum · 36 replies
    Food Freedom ^ | 6/24/11 | Ann Barnhardt
    Remember when the Army Engineers blew the Birds Point levee in early May? Now we know the real reason. ~Ed. By Ann Barnhardt Cattle commodities broker June 24, 2011 (See her June 26 Update below) Two HUGE intel leads in my email box this morning from way-back contacts that I’ve had for years, that are actually somewhat connected concepts. 1. File this one under “Now It All Makes Sense.” A Missouri farming and ranching contact just got off a conference call wherein he was informed that the federal government is sending out letters to all of the flooded out farmers...
  • Feds Probe Truck Driver Killed In Bay Area-Bound Amtrak Crash (5 dead, 20 injured)

    06/25/2011 9:41:27 AM PDT · by NormsRevenge · 47 replies
    CBS5 ^ | /25/11 | CBS/AP
    RENO, Nev. (CBS/AP) — Authorities plan to look into the driving and medical records of the semitrailer driver who died when the truck slammed into an Amtrak train, killing a train crew member and injuring dozens of passengers. Peter Knudson, a spokesman for the National Transportation Safety Board, said they also will look at autopsy results to determine whether the driver had consumed any drugs around the time of the collision Friday. The big rig plowed into the California-bound train at a crossing in a rural area about 70 miles east of Reno. Knudson said federal investigators would make sure...
  • Why The Fed Is Officially Paralyzed

    06/24/2011 4:23:48 AM PDT · by blam · 20 replies
    TBI ^ | 6-24-2011 | Comstock Partners
    Why The Fed Is Officially Paralyzed Comstock Partners Jun. 24, 2011, 5:35 AM Here’s all you need to know about the current paralysis of Fed monetary policy. The FOMC is officially forecasting an unemployment rate of 7.8%-to-8.2% by the end of 2012—-3 ˝ years into the “recovery”—and has decided it cannot do anything about it. The Fed has used all of the conventional tools in its toolbox as well as some that aren’t so conventional. It has kept interest rates near zero for an extended period and bought over $2 trillion in mortgages, ballooning its balance sheet to $2.8 trillion...
  • Texas Tells Feds: Shove Your Light Bulb Ban

    06/20/2011 7:00:14 PM PDT · by Nachum · 74 replies
    fox ^ | 6/20/11 | staff
    State lawmakers have passed a bill that allows Texans to skirt federal efforts to promote more efficient light bulbs, which ultimately pushes the swirled, compact fluorescent bulbs over the 100-watt incandescent bulbs many grew up with. The measure, sent to Gov. Rick Perry for consideration, lets any incandescent light bulb manufactured in Texas - and sold in that state - avoid the authority of the federal government or the repeal of the 2007 energy independence act that starts phasing out some incandescent light bulbs next year. "Let there be light," state Rep. George Lavender,
  • Exclusive: The Fed's $600 Billion Stealth Bailout Of Foreign Banks Continues At The Expense Of The

    06/12/2011 12:13:59 AM PDT · by Nachum · 23 replies
    Zero Hedge ^ | 6/12/11 | Tyler Durden
    Courtesy of the recently declassified Fed discount window documents, we now know that the biggest beneficiaries of the Fed's generosity during the peak of the credit crisis were foreign banks, among which Belgium's Dexia was the most troubled, and thus most lent to, bank. Having been thus exposed, many speculated that going forward the US central bank would primarily focus its "rescue" efforts on US banks, not US-based (or local branches) of foreign (read European) banks: after all that's what the ECB is for, while the Fed's role is to stimulate US employment and to keep US inflation modest. And...
  • IRS removes tax-exempt status of 275,000 groups

    06/09/2011 1:28:03 PM PDT · by ruralvoter · 19 replies
    Associated Press ^ | 6/8/11 | Jim Abrams
    The Internal Revenue Service said Wednesday that 275,000 organizations have lost their tax-exempt status because they failed to file required annual reports for three straight years. The tax agency said it believed that the vast majority of those groups are no longer in existence, but it said it was setting up procedures to help those companies that sought reinstatement. The IRS posted a list of the organizations on its website:,,id=240099,00.html
  • Here Is Your Chance To Demand Answers From The Fed's General Counsel, Scott Alvarez

    05/31/2011 2:56:35 PM PDT · by Nachum · 2 replies
    zero hedge ^ | 5/31/11 | Tyler Durden
    For all Zero Hedge readers who have long waited for their chance to ask Mr. Scott Alvarez of "Have The Federal Reserve Or Prime Brokers Ever Tried To Manipulate The Stock Market?" fame a question about life, the universe or why the CME decides to hike ES margins in an environment of rising realized vol, here it is. Tomorrow, at 2PM, Ron Paul will lead a hearing by the Financial Services Committee, which will luckily be carried by C-SPAN meaning one will be actually able to hear the dialog (alas, the House continues to believe that investing in microphones for...
  • Feds must stop writing gibberish under new law

    05/19/2011 12:21:58 PM PDT · by Libloather · 13 replies
    KWWL ^ | 5/19/11 | CALVIN WOODWARD
    Feds must stop writing gibberish under new lawBy CALVIN WOODWARD Associated Press Updated: May 19, 2011 2:34 PM EDT WASHINGTON (AP) - The federal government is rolling out a new official language of sorts: plain English. That's right: Pursuant to regulations promulgated thereunder and commencing in accordance with a statute signed herein by President Barack Obama, the government shall be precluded from writing the pompous gibberish heretofore evidenced, to the extent practicable. That sentence contains 11 new language no-nos. Obama signed the Plain Writing Act last fall after decades of effort by a cadre of passionate grammarians in the civil...
  • Forbes Predicts U.S. Gold Standard Within 5 Years

    05/11/2011 5:27:51 AM PDT · by Bigtigermike · 34 replies
    Human Events ^ | Wednesday May 11, 2011
    A return to the gold standard by the United States within the next five years now seems likely, because that move would help the nation solve a variety of economic, fiscal, and monetary ills, Steve Forbes predicted during an exclusive interview this week with HUMAN EVENTS. “What seems astonishing today could become conventional wisdom in a short period of time,” Forbes said. Such a move would help to stabilize the value of the dollar, restore confidence among foreign investors in U.S. government bonds, and discourage reckless federal spending, the media mogul and former presidential candidate said.  The United States used...
  • Feds Take Down Amish Farmer... Over Milk

    04/29/2011 8:46:52 AM PDT · by therightliveswithus · 47 replies
    Pundit Press ^ | 4/29/11 | Aurelius
    Our government at work. A year-long sting operation came to an end this week. In that time, the government used fake names and surprise inspections all to nab the people at Rainbow Acres Farm in the D.C. area. The reason: they were selling milk. Unpasteurized milk, to be exact. Asked for comment, the government released this statement: “It is the FDA’s position that raw milk should never be consumed.” Therefore, the Amish farmers at Rainbow Acres had to be brought down. Asked for comment, one Washington resident stated, “I look at this as the FDA is in cahoots with the...
  • Fed Wants Even Higher Inflation

    04/27/2011 5:43:43 PM PDT · by blam · 15 replies
    TMO ^ | 4-27-2011 | Axel Merk
    Fed Wants Even Higher Inflation Economics / Inflation Apr 27, 2011 - 03:08 PM By: Axel Merk Today, the Federal Reserve Open Market Committee (FOMC) announced it will continue to purchase government securities as previously announced ("QE2"), including reinvesting principal payments from its holdings. The FOMC downgraded its economic growth forecast, acknowledged inflationary pressures have moved from commodity inflation to core inflation, yet insists inflation remains too low. The Fed considers inflationary pressures to be transitory, but monitors the evolution of inflation and inflation expectations. We may need to revise the meaning not only of the word transitory, but also...
  • Why QE 3 Is Guaranteed (The Alternative Is Something Four Times Bigger Than 2008)

    04/19/2011 9:49:38 PM PDT · by blam · 34 replies
    Zero Hedge - Phoenix Capital Research ^ | 4-19-2011 | Graham Summers
    Why QE 3 Is Guaranteed (The Alternative Is Something Four Times Bigger Than 2008)Graham Summers Phoenix Capital Research n 04/19/2011 20:42 -0400 AIG American International Group Bank of America Barclays Ben Bernanke Capital Markets Citibank Citigroup Countrywide Credit Suisse Deutsche Bank Fail Federal Reserve Goldman Sachs Greece Gross Domestic Product Japan Merrill Lynch Middle East Morgan Stanley Nomura notional value Portugal RBC Capital Markets RBS Too Big To Fail The financial world is awash with a debate as to whether the Fed will engage in QE 3 in the future. To me this debate is pointless. Indeed, the Fed HAS...
  • Feds Pay To Upgrade Mexican Trucks, US Trucks Not So Lucky

    04/12/2011 7:06:34 AM PDT · by Biggirl · 37 replies ^ | April 12, 2011 | Steve McGough
    A story broke yesterday concerning the retrofit of more than 100 trucks from Mexico that do not meet United States environmental standards. Our federal government is paying to upgrade these trucks, yet when the state of California and the EPA set new rules for US-owned trucks, they fine companies who do not comply. This post is not about the environment, it concerns how US trucking companies are treated by the federal and state government as compared to Mexican-owned rigs. From For air-quality regulators, the border creates a legal barrier. State and federal agencies can’t force vehicles manufactured and bought...
  • Fed Staff Increases Its Inflation Forecast

    04/05/2011 8:55:34 PM PDT · by blam · 22 replies · 1+ views
    Economic Policy Journal ^ | 4-5-2011 | Robert Wenzel
    Fed Staff Increases Its Inflation ForecastRobert WenzelApril 5, 2011 The the Federal Open Market Committee has just released the minutes of the Committee meeting held on March 15, 2011. The minutes indicate that the Fed staff is increasing its near-term inflation expectations. According to the minutes: The [Fed] staff revised up its projection for consumer price inflation in the near term, largely because of the recent increases in the prices of energy and food. However, in light of the projected persistence of slack in labor and product markets and the anticipated stability in long-term inflation expectations, the increase in inflation...
  • Printing Money To Save The World

    03/28/2011 12:07:54 PM PDT · by blam · 4 replies
    The Daily Reckoning ^ | 2-28-2011 | Bill Bonner
    Printing Money To Save The WorldMarch 28, 2011 By Bill Bonner 03/28/11 Baltimore, Maryland – The Dow rose 50 points on Friday. Gold rose too. As we ended the week, the Dow was over 12,000…gold was over 1,400…and oil was over $100. And all seemed to be headed up. But there’s trouble afoot. Housing in the US, the foundation of most household wealth in the country, has gone into a double dip…which could drag millions more homeowners underwater. In other words, the speculative markets are moving one way. The economy is moving the other. The markets are going up. The...
  • NY Fed confirms intervention in currency markets

    03/18/2011 7:07:31 AM PDT · by Bigtigermike · 6 replies
    AP ^ | Friday March 18, 2011
    WASHINGTON (AP) -- The New York Federal Reserve Bank confirmed that it intervened in currency markets on Friday for the first time in more than a decade. The disclosure came a day after the Group of Seven major industrialized nations pledged in a statement to join in a coordinated effort to weaken the Japanese yen. The yen has surged in the last week to post-war record levels following the Japanese earthquake and tsunami.
  • Montana House Wrestles Control Of Greenhouse Gas Regulation Away From EPA

    02/28/2011 5:53:13 PM PST · by shield · 50 replies
    Tenth Amendment Center--South Texas ^ | 2/2011 | Steve Baysinger
    The Montana House of Representatives is taking control of greenhouse gas regulation from the federal government. By a vote of 67-33, Rep. Joe Read’s (R-Ronan) Bill-550, “An Act Prohibiting The State From Implementing Any Federal Greenhouse Gas Regulatory Program…,” passed the Montana House and is on its way to the Senate. The text of HB-550 follows:62nd Legislature HB0550.01 HOUSE BILL NO. 550 INTRODUCED BY J. READ A BILL FOR AN ACT ENTITLED: “AN ACT PROHIBITING THE STATE FROM IMPLEMENTING ANY FEDERAL GREENHOUSE GAS REGULATORY PROGRAM; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE.” WHEREAS, the 10th Amendment to the Constitution of the...
  • The Food Crisis Is A Dollar Crisis

    02/19/2011 8:41:49 PM PST · by blam · 29 replies
    The Daily Reckoning ^ | 2-18-2011 | Dan Amoss
    The Food Crisis Is A Dollar Crisis By Dan Amoss 02/18/11 Jacobus, Pennsylvania – At this week’s hearing on Capitol Hill, Fed Chairman Ben Bernanke demonstrated a lack of understanding about what causes inflation. His comments reflected a belief that GDP growth causes inflation. But true economic growth is production-driven, and adds to the supply of goods and services in the economy. True economic growth is not inflationary. Rather, inflation is driven by runaway government deficits and bloated central bank balance sheets. And right now, we have plenty of both. So we have every reason to expect the CPI, even...
  • Fed Holdings Of U.S. Treasuries Surpass China's

    02/06/2011 6:27:17 PM PST · by blam · 88 replies
    Seeking Alpha ^ | 2-6-2011 | Doug Carey
    Fed Holdings Of U.S. Treasuries Surpass China's by: Doug Carey February 06, 2011 A bit of recent news that hasn't gotten enough press is the fact that the Federal Reserve has surpassed China in total U.S. Treasury holdings and is now the largest holder of Treasuries in the world. As of last week, China held $896 billion of Treasuries while Japan held $877 billion. The Fed now holds $1.108 trillion and it has not even passed the halfway mark of its second round of money printing, which they call Quantitative Easing. By June the Fed could own $1.6 trillion of...
  • Feds reopen shrimping grounds in Gulf of Mexico

    02/01/2011 5:40:15 PM PST · by NormsRevenge · 18 replies
    Yahoo ^ | 2/1/11 | AP
    <p>NEW ORLEANS – A 4,200-square-mile area of the Gulf of Mexico near BP's blown out well will reopen to deep water shrimping after federal scientists found the fishing grounds free of oil.</p> <p>The National Oceanic and Atmospheric Administration says it will reopen the area in federal waters off Louisiana, Mississippi and Alabama on Wednesday.</p>
  • Feds threaten to sue states over union laws

    01/14/2011 2:23:08 PM PST · by Nachum · 16 replies
    yahoo ^ | 1/14/11 | SAM HANANEL, Associated Press
    WASHINGTON – The National Labor Relations Board on Friday threatened to sue Arizona, South Carolina, South Dakota and Utah over constitutional amendments guaranteeing workers the right to a secret ballot in union elections. The agency's acting general counsel, Lafe Solomon, said the amendments conflict with federal law, which gives employers the option of recognizing a union if a majority of workers sign cards that support unionizing. The amendments, approved Nov. 2, have taken effect in South Dakota and Utah, and will do so soon in Arizona and South Carolina. Business and anti-union groups sought the amendments, arguing that such secrecy...
  • Sacramento's whistleblowing pilot explains why he did it (lost gun,badge for telling truth)

    12/23/2010 5:39:24 PM PST · by STARWISE · 29 replies · 1+ views
    ABC News ^ | 12-23-10 | Sarah Amos
    The airline pilot who was reprimanded by the TSA for posting videos showing security flaws at a major airport is speaking out exclusively for the first time, saying that it was the "fallacy of the system" that inspired him to take this action. *snip* He first posted the videos to YouTube on November 28. Three days later, he says, four federal air marshals and two local sheriff's deputies showed up at his home to question him about the footage. The pilot filmed the conversation, during which the federal marshals confiscated his federally-issued firearm. (News video runs when you click the...
  • Feds File Whistleblower Suit Against Mayo(Clinic)

    12/20/2010 4:10:32 PM PST · by Son House · 6 replies
    Post-Bulletin Company ^ | 12/20/2010 | By Jeff Hansel
    The Department of Justice has filed a whistleblower complaint against Mayo Clinic . "Dr. David Ketroser, the lead whistleblower in this case, is a physician and an attorney," says a Department of Justice statement provided by Mayo. According to the justice department, "Mayo billed Medicare, Medicaid, and other federal health care programs for surgical pathology services it never provided; specifically, the preparation and examination of human tissue slides." Mayo spokesman Bryan Anderson said that "upon discovering a billing error in 2007, Mayo corrected it and voluntarily refunded $242,711 to the government. We worked with outside accounting experts to ensure this...
  • Feds seize 22,000 pounds of pot

    12/16/2010 9:58:47 PM PST · by Nachum · 23 replies
    Chicago Sun-Times ^ | 12/16/10 | Staff
    Federal authorities seized 22,000 pounds of marijuana from a South Suburban warehouse — a huge stash that came here from Mexico packed into six railroad cars, authorities said. The seizure is being touted as the largest seizure ever of marijuana in the Chicago area. Seven people were arrested Wednesday and are expected to appear before a federal magistrate in downtown Chicago today. The top feds in the area are expected to hold a 1 p.m. news conference to discuss the case. Attending the news conference will be Patrick J. Fitzgerald, United States Attorney for the Northern District of Illinois; Gary
  • WikiLeaks cables: Mervyn King plotted banks bailout by four cash-rich nations

    12/16/2010 2:14:56 PM PST · by FromLori · 3 replies
    The Guardian ^ | 12/13/2010 | Jill Treanor
    The Bank of England governor, Mervyn King, was so concerned about the health of the world's banks in March 2008 that he plotted a secret bailout of the system using funds from cash-rich nations, according to a US embassy cable released by WikiLeaks. Six months before the world financial crisis reached its peak, forcing taxpayers to rescue collapsing financial institutions, King told US officials in London that the UK, US, Switzerland and Japan could jointly enable a multibillion-pound cash injection into global banks, overriding the "dysfunctional" G7 nations. The leak may allow King to claim that he – rather than...
  • Feds Target School Bake Sales

    12/09/2010 5:25:09 AM PST · by DanMiller · 21 replies
    Pajamas Media ^ | December 9, 2010 | Dan Miller
    On December 3, the lame-duck House passed the Healthy, Hunger-Free Kids Act, previously approved by the Senate. President Obama, doubtless preoccupied with such trivia as taxes, unemployment, Korea and China, has yet to sign it into law. A mere two hundred and twenty pages long, it has lots of provisions for allocation of funds, demonstration projects, and the like. Many may be worthwhile. However, included in the legislation is a provision authorizing the secretary of Agriculture to regulate school fundraising bake sales to ensure that they are infrequent and that the goodies sold are nutritionally acceptable. Far from innocuous, that...
  • Feds Propose Backup Camera Mandate By 2014

    12/03/2010 11:25:59 AM PST · by KingOfVagabonds · 24 replies
    AP ^ | 12/3/10 | AP
    Rearview cameras could become more common in future cars and trucks under new rules the government was proposing Friday to address concerns about drivers unintentionally backing over children.
  • Milgram Experiment and the TSA

    11/29/2010 5:24:21 AM PST · by MsLady · 10 replies
    University of California ^ | 1974 | Stanley Milgram
    Why is it so many people obey when they feel coerced? Social psychologist Stanley Milgram researched the effect of authority on obedience. He concluded people obey either out of fear or out of a desire to appear cooperative--even when acting against their own better judgment and desires. Milgram’s classic yet controversial experiment illustrates people's reluctance to confront those who abuse power. It is my opinion that Milgram's book should be required reading (see References below) for anyone in supervisory or management positions.
  • Big Sis : Next step for tight security could be trains, boats, metro

    11/24/2010 2:48:39 PM PST · by RobinMasters · 49 replies
    The Hill ^ | NOVEMBER 23, 2010 | Jordy Yager
    The next step in tightened security could be on U.S. public transportation, trains and boats. Homeland Security Secretary Janet Napolitano says terrorists will continue to look for U.S. vulnerabilities, making tighter security standards necessary. “[Terrorists] are going to continue to probe the system and try to find a way through,” Napolitano said in an interview that aired Monday night on "Charlie Rose." “I think the tighter we get on aviation, we have to also be thinking now about going on to mass transit or to trains or maritime. So, what do we need to be doing to strengthen our protections...
  • Wesley Snipes ordered to surrender to Bureau of Prisons

    11/19/2010 10:42:47 AM PST · by My Favorite Headache · 35 replies
    Sun-Sentinel ^ | 11/19/10
    OCALA – A federal judge today rejected movie star Wesley Snipes' demand for a new trial and ordered the actor to surrender to the U.S. Bureau of Prisons to begin serving a 36-month prison sentence for tax-related crimes. In a 17-page order, U.S. District Court Judge William Terrell Hodges said, "The Defendant Snipes had a fair trial; he has had a full, fair and thorough review of his conviction and sentence by the Court of Appeals; and he has had a full, fair and thorough review of his present claims, during all of which he has remained at liberty. The...
  • Fed Pushes U.S. Economy Into An Inflationary Death Spiral

    11/09/2010 6:59:24 AM PST · by blam · 12 replies
    The Market Oracle ^ | 11-9-2010 | Michael Pento
    Fed Pushes U.S. Economy Into An Inflationary Death Spiral Economics / Inflation Nov 09, 2010 - 03:42 AM By: Michael Pento It seems the Fed has given up on the idea that the country can build a viable and stable economy through the conventional means. Instead, our central bank has resorted to once again growing GDP and increasing employment by the creation of asset bubbles. This is a dangerous game that no one, least of all the Fed, knows how to play. We learned this past Wednesday that the FOMC decided to increase its purchases of longer-dated Treasuries by $600...
  • QE Is A Bad Idea, But Not For The Reasons Palin And Beck Think

    11/09/2010 6:36:22 AM PST · by blam · 66 replies
    The Business Insider ^ | 11-9-2010 | Cullen Roche
    QE Is A Bad Idea, But Not For The Reasons Palin And Beck Think by: Cullen Roche November 09, 2010 The nonsense regarding the world’s greatest monetary non-event just continues to spiral out of control. Last week it was Glenn Beck pretending to know something about the monetary system and economics. This week it is Sarah Palin.In a talk yesterday, Mrs. Palin went on a politically motivated rant about government intervention and “money printing”: I’m deeply concerned about the Federal Reserve’s plans to buy up anywhere from $600 billion to as much as $1 trillion of government securities. The technical...
  • Palin to Bernanke: ‘Cease and Desist’

    11/07/2010 2:32:50 PM PST · by Al B. · 140 replies
    NRO ^ | November 7, 2010 | Robert Costa
    As President Obama prepares for the G20 summit in South Korea this week, Sarah Palin is challenging the Federal Reserve’s monetary policy, which will likely be a key issue at the talks. On Monday, in a keynote address at a trade-association convention in Phoenix, Palin will urge Fed chairman Ben Bernanke to “cease and desist” his “pump priming.” The United States, she says, “shouldn’t be playing around with inflation.” I’m deeply concerned about the Federal Reserve’s plans to buy up anywhere from $600 billion to as much as $1 trillion of government securities. The technical term for it is “quantitative...
  • Gold Jumps $50 In 21 Hours As Fed Devalues The Dollar With $600bn QE2

    11/04/2010 6:18:57 PM PDT · by blam · 11 replies
    The Market Oracle ^ | 11-4-2010 | Adrian Ash
    Gold Jumps $50 In 21 Hours As Fed Devalues The Dollar With $600bn QE2 Commodities / Gold and Silver 2010 Nov 04, 2010 - 09:28 AM By: Adrian Ash THE PRICE OF GOLD in wholesale dealing leapt at the start of US trading on Thursday, extending an overnight rise to within 0.5% of last month's record highs – and gaining $50 per ounce inside 21 hours – as the US Dollar sank in response to the Federal Reserve's hotly-anticipated "QEII" asset purchase program. "Currency devaluation remains firmly en vogue," said one London bullion dealer this morning. The weakening Dollar "is...
  • Fed commits to more Treasury purchases (QE2 IS HERE!)

    11/03/2010 11:37:20 AM PDT · by TSgt · 71 replies
    MSNBC ^ | 11/03/2010 | MSNBC
    WASHINGTON — The Federal Reserve launched a controversial new policy on Wednesday, committing to buy $600 billion more in government bonds by the middle of next year in an attempt to breathe new life into a struggling U.S. economy.
  • Why Ponzi Finance Always Fails

    10/30/2010 11:30:25 PM PDT · by blam · 11 replies
    Seeking Alpha ^ | 10-29-2010 | Cullen Roche
    Why Ponzi Finance Always Fails by: Cullen Roche October 29, 2010 The recent announcement that the Bank of Japan will be buying ETFs and REITs surely has Richard Koo upset. After all, he has shown time and time again that such government intervention does nothing in the long-run. The U.S. government is currently hoping for a similar asset response as they attempt to keep “asset prices higher than they otherwise would be”. The problem, according to Koo, is that this is nothing more than a short-term psychological injection that separates fundamentals from reality. In the end, government buying real assets...
  • Feds blink in standoff with Christian colleges

    10/30/2010 10:05:23 PM PDT · by Nachum · 5 replies
    wnd ^ | 10/30/10 | Bob Unruh
    Religious schools now expecting to be protected from political influence of Education Department The federal government apparently has blinked in a standoff with private Christian colleges over a proposal that would bring the schools under the regulation of the political powers in their states. Colorado Christian University President Bill Armstrong has told WND that the rules proposed by the Education Department are the "greatest threat to academic freedom in our lifetime."
  • New Hidden Missile System Unknown To Feds

    10/30/2010 12:00:19 PM PDT · by FromLori · 23 replies
    WSBTV ^ | 10/29/10
    ATLANTA -- A Russian weapons company is marketing a new missile system that is hidden inside an ordinary shipping container. It can turn a ship, train or truck into a long range missile launcher. Channel Two Action News anchor Justin Farmer investigated the threat and found officials at the Port of Savannah had never heard of the Club K Missile system. It sounds like something out of a James Bond movie. A hidden cruise missile that can transform a shipping container into a missile launcher. The problem is it's real and a Russian weapons company is advertising it for sale...
  • Window into Federal Employees’ Travel Expenses (Get a Government Job Now.)

    10/27/2010 12:32:25 PM PDT · by Andrea19 · 13 replies
    ... Currently, the site only displays information from the Health and Human Services Department’s data, but will be adding more in the coming weeks. What the site has to say is pretty astounding: almost 400 Department employees have spent over $100,000 each since 2005 for travel expenses. In fact, the federal government spends over $14 billion on travel alone. As one may imagine, there has been a large amount of resistance from the government in providing the data necessary for the site. This is exactly why we believe this type of information should be open and available to taxpayers without...
  • Feds link GOP Senate hopeful Joe DioGuardi to Ponzi firm

    10/18/2010 5:33:23 PM PDT · by Bokababe · 22 replies
    NY Daily Newa ^ | 10/13/10 | Kathleen Lucadamo
    ....The SEC described DioGuardi, who faces incumbent Democrat Sen. Kirsten Gillibrand in next month's election, as an "old crony" of the company's bosses and suggested "he's connected to the original fraudulent scheme." As of last November, thousands of investors were owed $1 billion. The feds froze the company's assets; the case is pending. MCH moved last year to have DioGuardi replace a court-appointed manager of its assets, which include the $3.2 million yacht Home Stretch and the $18.1 million movie rights to the recent flick "The Perfect Game."....
  • Inventory Rebuilding Is Over And Now The Fed Is Spooked

    10/18/2010 1:49:35 PM PDT · by blam · 18 replies
    The Business Insider ^ | 10-18-2010 | Mike "Mish" Shedlock
    Inventory Rebuilding Is Over And Now The Fed Is Spooked Mike "Mish" Shedlock Global Economic Trend Analysis Oct. 18, 2010, 4:06 PM Industrial Production Unexpectedly Declines, First Drop in a Year; Where to From Here? In yet another sign of a weakening economy, Production in U.S. Unexpectedly Dropped in September Output at factories, mines and utilities fell 0.2 percent, the first decline since the recession ended in June 2009, figures from the Federal Reserve showed today. Factory production also decreased 0.2 percent, reflecting declines in consumer durable goods, like appliances and furniture. The rebuilding of stockpiles, a component of the...