Tag Archive: H.R. 347


Politics and Legislation

The Hill: McKeon wants to stop sequestration—and previous Pentagon budget cuts

By Carlo Munoz and Jeremy Herb

The chairman of the House Armed Services Committee said Wednesday he wants to reverse $487 billion in cuts to the Pentagon’s budget that were included in last summer’s deal to raise the debt ceiling.

http://thehill.com/blogs/defcon-hill/budget-approriations/216125-mckeon-wants-to-stop-sequestrationand-previous-pentagon-budget-cuts

The Hill: Obama, Cameron toast ‘essential relationship’ at black-tie state dinner

By Meghashyam Mali

President Obama hosted British Prime Minister David Cameron at a black-tie state dinner in Washington on Wednesday night.

http://thehill.com/blogs/on-the-money/banking-financial-institutions/216095-reform-groups-use-goldman-takedown-to-push-for-tough-wall-street-rules

The Hill: State lawmakers blast House GOP’s medical malpractice reform bill

By Julian Pecquet

The nation’s leading advocacy group for state lawmakers wrote to House leaders on Wednesday to share their “strong, bipartisan opposition” to federal medical malpractice reform because it would infringe upon states’ rights.

http://thehill.com/blogs/healthwatch/state-issues/216099-state-lawmakers-blast-medical-malpractice-reform-bill-

The Hill: Dem presses USDA to ban ‘pink slime’ in school lunches

By Mike Lillis

A Maine Democrat is pressing the Obama administration to ban “pink slime” in school cafeterias.

http://thehill.com/homenews/house/216109-dem-presses-usda-to-ban-pink-slime-in-school-lunches

Selling Out Pays
When a Congressman Becomes a Lobbyist, He Gets a 1,452% Raise (on Average)

By Lee Fang

What’s the best way to “buy” a member of Congress? Secretly promise them a million dollars or more in pay if they come to work for you after they leave office.

http://www.informationclearinghouse.info/article30817.htm

UN panel approves sidelined report praising Gaddafi’s human rights record :

A United Nations panel has adopted a report praising the human rights record of the former government of deposed Libyan dictator Muammar Gaddafi, a year after it was sidelined amid international objection.

http://www.newkerala.com/news/2011/worldnews-173120.html

Economy

More austerity needed in Greece: EU/IMF

Greece will have to slash a further 5.5 percent of GDP in government spending in 2013 and 2014 to meet agreed fiscal targets underpinning the second international bailout for Athens, a European Commission report said.

http://www.reuters.com/article/2012/03/13/us-eurozone-greece-austerity-idUSBRE82C0KP20120313

J.P. Morgan Chase’s Ugly Family Secrets Revealed

In a story that should be getting lots of attention, American Banker has released an excellent and disturbing exposé of J.P. Morgan Chase’s credit card services division, relying on multiple current and former Chase employees.

http://www.rollingstone.com/politics/blogs/taibblog/j-p-morgan-chases-ugly-family-secrets-revealed-20120313#ixzz1p6CRq0i1

Bank of America: Too Crooked to Fail

The bank has defrauded everyone from investors and insurers to homeowners and the unemployed. So why does the government keep bailing it out?

http://www.rollingstone.com/politics/news/bank-of-america-too-crooked-to-fail-20120314#ixzz1p7dZGHK5

11 Reasons Why America Would Be A Better Place Without Goldman Sachs

Would America be a better place without Goldman Sachs? Of course it would. The “vampire squid” of Wall Street does not care about the future of America. Sadly, Goldman Sachs apparently does not even care much about their own clients. What Goldman Sachs is all about is making as much money as humanly possible. In the end, there is nothing wrong with making money, but there are constructive ways to make money and there are destructive ways to make money. Unfortunately, Goldman Sachs seems to find the destructive path almost irresistible. Greg Smith, the head of the U.S. equity derivatives business for Goldman Sachs in Europe, the Middle East and Africa made headlines all over the world on Wednesday when he resigned publicly from Goldman Sachs in a scorching editorial in the New York Times. Smith said that he could “honestly say that the environment now is as toxic and destructive as I have ever seen it”.

http://www.blacklistednews.com/11_Reasons_Why_America_Would_Be_A_Better_Place_Without_Goldman_Sachs/18458/0/38/38/Y/M.html

Greece on the breadline: HIV and malaria make a comeback

Jon Henley finds a medical aid organisation trying to plug the gaps as the health service nears breakdown

The savage cuts to Greece’s health service budget have led to a sharp rise in HIV/Aids and malaria in the beleaguered nation, said a leading aid organisation on Thursday.

The incidence of HIV/Aids among intravenous drug users in central Athens soared by 1,250% in the first 10 months of 2011 compared with the same period the previous year, according to the head of Médecins sans Frontières Greece, while malaria is becoming endemic in the south for the first time since the rule of the colonels, which ended in the 1970s.

http://www.guardian.co.uk/world/blog/2012/mar/15/greece-breadline-hiv-malaria

Israeli strike on Iran could mean $6-per-gallon gas

By Ben Geman

An Israeli military strike against Iranian nuclear enrichment sites would spike gas prices to between $5 and $6 per gallon, according to market analysts.

This would be well beyond the record highs hit in 2008, when nationwide average retail prices hit $4.11-per-gallon, analysts say.

“I think you will see $5 and $6 dollar a gallon gas,” said Andrew Lipow, president of Lipow Oil Associates.

http://thehill.com/blogs/e2-wire/e2-wire/216179-iran-strike-could-mean-6-per-gallon-gas

5 Principles for Money and Banking in a New World System

Eric Blair Activist Post

Increasing numbers of global citizens are becoming aware that the monetary system and international cartel of banks are rotten to the core and represent the root cause of all economic disparity to mankind.

http://www.activistpost.com/2012/03/5-principles-for-money-and-banking-in.html

Foreign buyers are snapping up U.S. homes

With foreign entities wary of mortgage-backed securities, buyers are focusing on individual homes — a welcome occurrence in regions suffering from a glut of properties on the market.

http://www.latimes.com/business/realestate/la-fi-lew-20120311,0,7203197.story

European Zombie Banks and Vampire Governments

The term “zombie banks” refers to banks that refuse to lend to the private sector. They are run by fearful bankers who do not trust other bankers. They do not trust many potential borrowers. According to legend, zombies survive by eating the brains of their victims. It seems to me that zombie bankers must be limiting their diet to brains of other bankers and investment fund managers.

http://www.marketoracle.co.uk/Article33596.html

Making 9 Million Jobless ‘Vanish’: How The U.S. Government Manipulates Unemployment Statistics

When we look at broad measures of jobs and population, then the beginning of 2012 was one of the worst months in US history, with a total of 2.3 million people losing jobs or leaving the workforce in a single month. Yet, the official unemployment rate showed a decline from 8.5% to 8.3% in January – and was such cheering news that it set off a stock rally.

How can there be such a stark contrast between the cheerful surface and an underlying reality that is getting worse?

http://www.marketoracle.co.uk/Article33590.html

Wall Street retreats after rally, but Apple up again

NEW YORK (Reuters) – The S&P 500 broke a five-day streak of gains on Wednesday as investors found little reason to extend a rally that took the benchmark index to four-year highs.

http://finance.yahoo.com/news/stock-index-futures-signal-mixed-094024399.html;_ylt=AidcdvEcpLn4Uz593cgZHlCiuYdG;_ylu=X3oDMTQzZXBscGdlBG1pdANGaW5hbmNlIEZQIEp1bWJvdHJvbiBMaXRlBHBrZwM1ZDVkNjdlYi1mZDU5LTMwYmYtOGJjMy1iMjQ4Y2EzMjU5ODAEcG9zAzEEc2VjA2p1bWJvdHJvbgR2ZXIDZGM5YzFkMjAtNmUxNi0xMWUxLWJiZmItMWM0NDJjOTRmZmI4;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

Recovery for the 1%, Recession for the Rest

Christopher Petrella, Op-Ed:

“Historically, one of the most problematic features of a neoliberal economy has been the sharp rise in precarious employment, as employers have unwaveringly pursued strategies that ‘flexibilize’ work and destabilize the very concept of job security. Precarious labor in this sense refers to forms of work typically marked by temporary contracts, limited or no social benefits and statutory guarantees, high degrees of job insecurity, low job tenure, sub-standard wages, and high risks of occupational injury and disease.”

http://www.nationofchange.org/recovery-1-recession-rest-1331826118

13 Reasons Goldman’s Quitting Exec May Have a Point

Cora Currier, News Report:

“An executive at Goldman Sachs left the firm today with a bang, penning a New York Times op-ed accusing the company of increasingly putting profits ahead of clients. Greg Smith started as an intern 12 years ago and last headed a derivatives department. Not surprisingly, Goldman quickly and strongly disagreed with his take.”

http://www.nationofchange.org/13-reasons-goldman-s-quitting-exec-may-have-point-1331824190

Homeless In The USA
One Family’s Story In Pictures

By Lucy Nicholson

One in 45 children, totalling 1.6 million, is homeless, the highest number in United States history.

http://www.informationclearinghouse.info/article30818.htm

Wars and Rumors of War

Kony 2012, US War Crimes, Coltan & Depleted Uranium make “Invisible Children”

Uploaded by chatzefratz on Mar 12, 2012

When Americans talk about helping children, then things get real scary; depleted uranium in Afghanistan, Bosnia, Irak, Libya and soon in Uganda – Agent Orange in Vietnam, Laos and Cambodia. Wrecked children, babies, offspring and human genetics for hundreds of thousands of years – all this while Americans sing about love, showing half naked ladies and their pharaonic signs and symbols. Watch “The Pharaoh Show” from user giureh for total understanding.

Suicide attack at Camp Bastion today looking like more pro war propaganda…

US Defence Secretary Leon Panetta is feared to have been the target of a suicide attack at Camp Bastion today.

http://www.blacklistednews.com/Suicide_attack_at_Camp_Bastion_today_looking_like_more_pro_war_propaganda…/18452/0/0/0/Y/M.html

Australian ‘special forces gathering intelligence in Africa’

The Sydney Morning Herald said 4 Squadron of the elite Special Air Service (SAS) had mounted dozens of clandestine operations in places such as Zimbabwe, Nigeria and Kenya in a role normally carried out by spies.

http://www.telegraph.co.uk/news/worldnews/australiaandthepacific/australia/9139759/Australian-special-forces-gathering-intelligence-in-Africa.html

Terror, Trauma, and the Endless Afghan War

Amy Goodman, Op-Ed:

“We may never know what drove a U.S. Army staff sergeant to head out into the Afghan night and allegedly murder at least 16 civilians in their homes, among them nine children and three women. The massacre near Belambai, in Kandahar, Afghanistan, has shocked the world and intensified the calls for an end to the longest war in U.S. history. The attack has been called tragic, which it surely is. But when Afghans attack U.S. forces, they are called “terrorists.”

http://www.nationofchange.org/terror-trauma-and-endless-afghan-war-1331826602

Taliban Suspend Talks with U.S.; Karzai Calls for Faster Transition

Ali Safi, News Report:

“The Taliban said Thursday that they had suspended negotiations with the United States and Afghan President Hamid Karzai called on international troops to withdraw from villages in the latest apparent fallout from a U.S. soldier’s alleged murder of 16 Afghan villagers.”

http://www.nationofchange.org/taliban-suspend-talks-us-karzai-calls-faster-transition-1331827784

Netanyahu is Preparing Israeli Public Opinion for a War on Iran

By Aluf Benn

Haaretz’s editor-in-chief says that what looks like a preparation for war, acts like a preparation for war, and quacks like a preparation for war, is a preparation for war.

http://www.informationclearinghouse.info/article30821.htm

Top Ten Media Failures in the Iran War Debate

By Stephen M. Walt

Americans haven’t been well-served by media coverage of the Iran debate.

http://www.informationclearinghouse.info/article30819.htm

Cold-blooded Murder
Targeted Killings: US and Israeli Specialties

By Stephen Lendman

International law permits justifiable self-defense. Targeted killings are prohibited, especially premeditated ones like America and Israel repeatedly commit for reasons other than claimed.

http://www.informationclearinghouse.info/article30828.htm

Why is President Obama Keeping Yemeni Journalist in Prison?

By Democracy Now!

The Obama administration is facing scrutiny for its role in the imprisonment of a Yemeni journalist who exposed how the United States was behind a 2009 bombing in Yemen that killed 14 women and 21 children.

http://www.informationclearinghouse.info/article30820.htm

Pakistan Says End Drone Strikes:

Pakistan has told the White House it no longer will permit U.S. drones to use its airspace to attack militants and collect intelligence on al-Qaeda and other groups, according to officials involved in the talks.

http://bloom.bg/ypQzVv

Netanyahu warns: Israel has defied U.S. wishes before:

Prime Minister Benjamin Netanyahu on Thursday told the Knesset that Tehran was behind the recent rocket barrages from the Gaza Strip and ratcheted up his rhetoric regarding a possible military strike on Iran, broadly hinting that Israel might act even without American approval

http://www.haaretz.com/print-edition/news/netanyahu-warns-israel-has-defied-u-s-wishes-before-1.418719

AIPAC’s Iran “Expert” Briefs Hill Staff on Tehran’s “Terror Threat”:

Ilan Berman, vice president of the American Foreign Policy Council, briefed some 40 congressional staffers on Iran’s support for terrorism worldwide.

http://www.aipac.org/in-the-news?newsid={F3BF617C-9E77-4D33-A0F7-62B160A7798E}

Iran strike imminent: Russian diplomat:

“The attack will be mounted before the end of this year. Israel is blackmailing [U.S. President Barack] Obama by confronting him with a dilemma: either he supports the war option or will lose the support [of the U.S. Jews],” a high-ranking official of the Russian Foreign Ministry told the newspaper ahead of the U.N. Security Council meeting on Syria on Monday.

http://www.thehindu.com/news/international/article2995203.ece

SWIFT Cuts Off Iran As Sanctions Vice Tightens :

Iran was effectively cut off from global commerce on Thursday, when the company that handles financial transactions said it was severing ties with many Iranian banks

http://www.huffingtonpost.com/2012/03/15/swift-iran-sanctions_n_1347361.html?ref=world

Iran food stockpiling grows as grain ships near port: -

Vessels carrying at least 360,000 tonnes of grain are lined up to unload in Iran, Reuters shipping data showed on Thursday, a sign that Tehran is succeeding in stockpiling food to blunt the impact of tougher Western sanctions.

http://af.reuters.com/article/commoditiesNews/idAFL5E8EF6BE20120315

No sanctions on US wheat?
Iran makes second US wheat purchase-USDA:

A weekly export sales report released by the U.S. Department of Agriculture on Thursday showed that Iran has bought an additional 60,000 tonnes of U.S. wheat.

http://www.reuters.com/article/2012/03/15/usa-wheat-iran-idUSL2E8EF25S20120315?rpc=401&feedType=RSS&feedName=rbssEnergyNews&rpc=401

U.S. May Sanction India Over Level of Iran-Oil Imports:

India has failed to reduce its purchases of Iranian oil, and if it doesn’t do so, President Barack Obama may be forced to impose sanctions on one of Asia’s most important nations, Obama administration officials said yesterday.

http://www.bloomberg.com/news/2012-03-15/u-s-may-sanction-india-over-level-of-iran-oil-imports.html

Pro-government rallies held across Syria:

Millions of Syrian government supporters dashed through streets and main squares nationwide, to stage rallies in support of embattled President Bashar al-Assad on Thursday, according to Xinhua.

http://www.inform.kz/eng/article/2448700

Activism

Reclaiming the Commons: Taking Human Lessons in the Era of H.R. 347, Corporatism and Perpetual War

Phil Rockstroh, Op-Ed:

“With increasing velocity, since the advent of the post-Second World War national security state, then gaining speed with the incessant search and destroy mission waged on the U.S. Constitution known as the War on Drugs, and kicking into a runaway trajectory in the post Sept. 11, 2001 era — the increase in totalitarian impulses, among both the general population and corporate and governmental elite of the nation, has proceeded at an alarming rate.”

http://www.nationofchange.org/reclaiming-commons-taking-human-lessons-era-hr-347-corporatism-and-perpetual-war-1331820296

Cyber Space

US Government Admits It Has Seized Hundreds Of Domains Registered Outside The US
from the this-has-been-happening-for-a-while dept

After the US seized Bodog.com, we pointed to a writeup by EasyDNS that has created quite a stir, claiming that this was the first time that the US had seized a domain that was registered through a non-US registrar by going straight to the register (in this case VeriSign). But as we pointed out, that’s simply untrue. Back in 2010 we wrote about how most of the federal government’s domain seizures went directly to the register.

http://www.techdirt.com/articles/20120309/04064518045/us-government-admits-it-has-seized-hundreds-domains-registered-outside-us.shtml

US e-voting system cracked in less than 48 hours

Broken Padlock Icon Researchers at the University of Michigan have reported that it took them only a short time to break through the security functions of a pilot project for online voting in Washington, D.C. “Within 48 hours of the system going live, we had gained near complete control of the election server”, the researchers wrote in a paperPDF that has now been released. “We successfully changed every vote and revealed almost every secret ballot.” The hack was only discovered after about two business days – and most likely only because the intruders left a visible trail on purpose.

http://www.h-online.com/security/news/item/US-e-voting-system-cracked-in-less-than-48-hours-1463881.html

Misc

KONY 2012: Merchandising and Branding Support for US Military Intervention in Central Africa

Edward Bernays believed that society could not be trusted to make rational and informed decisions on their own, and that guiding public opinion was essential within a democratic society. Bernays founded the Council on Public Relations and his 1928 book, Propaganda cites the methodology used in the application of effective emotional communication. He discovered that such communication is capable of manipulating the unconscious in an effort to produce a desired effect –

http://www.blacklistednews.com/KONY_2012%3A_Merchandising_and_Branding_Support_for_US_Military_Intervention_in_Central_Africa/18461/0/38/38/Y/M.html

Justice Department Investigating Whether MEK Speakers Accepted Illegal Fees From Terror Group

Did Alan Dershowitz accept blood money (aka speaker’s fee) from the MEK, a designated terror group? If so, he may’ve violated federal law.

http://www.richardsilverstein.com/tikun_olam/2012/03/13/justice-department-investigating-whether-mek-speakers-accepted-illegal-fees-from-terror-group/

In ‘highly unusual’ move, Marines asked to disarm before Leon Panetta speech

In a highly unusual move, around 200 U.S. Marines were asked to leave their weapons outside the tent where U.S. Defense Secretary Leon Panetta was set to speak during his trip to Afghanistan on Wednesday.

http://worldnews.msnbc.msn.com/_news/2012/03/14/10684063-in-highly-unusual-move-marines-asked-to-disarm-before-leon-panetta-speech

Automated License Plate Recognition

Uploaded by DeputyKen on Dec 19, 2006

Automated License Plate Recognition currently being used in Central Florida.

Both The Market and Government Are Irrational

By Paul Craig Roberts

Those dependent on Social Security and Medicare are finding that these programs are being blamed for budget deficits caused by multi-trillion dollar wars of choice.

http://www.informationclearinghouse.info/article30822.htm

Welcome to the USA:

Canadian women allege U.S. border groping:

Four female U.S. Customs and Border Protection officers in Detroit are being sued by three Canadian women who allege they were sexually fondled at the border.

http://www.upi.com/Top_News/US/2012/03/14/Canadian-women-allege-US-border-groping/UPI-46311331743360/#ixzz1p7C7mig1

Soledad O’Brien on Breitbart’s Bombshell:

‘Where’s the Bombshell?’:

In this CNN clip, Breitbart.com editor Joel Pollak is grilled by Soledad O’Brien in a way I wish more journalists would follow

http://littlegreenfootballs.com/article/40034_Soledad_OBrien_on_Breitbarts_Bombshell-_Wheres_the_Bombshell

Afghanistan massacre by U.S. sergeant reveals epidemic of psychiatric drugging of soldiers

By Mike Adams,

(NaturalNews) The recent massacre of 16 civilians in Afghanistan by a rampaging U.S. military sergeant has something in common with nearly every school shooting in the USA — something the mainstream media typically refuses to report: These shooters frequently have a history of psychiatric drug “treatment” by psychiatrists. Psychiatric drugs are now being routinely used across the U.S. military, where violent suicides have skyrocketed to levels never before seen in human history. 18 veterans commit…

http://www.naturalnews.com/035232_US_troops_psychiatric_drugs_Afghanistan.html

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Politics and Legislation

 

We Take Care of Our Own: Eric Holder and the End of Rights

Historians of the future, if they are not imprisoned for saying so, will trace the end of America’s democratic experiment to the fearful days immediately after 9/11, what Bruce Springsteen called the days of the empty sky, when frightened, small men named Bush and Cheney made the first decisions to abandon the Constitution in the name of freedom and created a new version of the security state with the Patriot Act, Guantanamo, secret prisons and sanctioned torture by the U.S. government. They proceeded carefully, making sure that lawyers in their employ sanctioned each dark act, much as kings in old Europe used the church to justify their own actions.

http://www.huffingtonpost.com/peter-van-buren/anwar-al-awlaki-killing_b_1322528.html

 

Politicians Won’t Return Ponzi Payoffs

Michael Winship, Moyers & Co.:

“On Tuesday, Texas financier Robert Allen Stanford was convicted in a Houston federal court on 13 out of 14 criminal counts of fraud…. But what most of this week’s stories failed to mention was the large amount of his clients’ cash that was spent on campaign contributions, greasing the corrupt nexus of money and politics for personal gain. Hundreds of thousands of dollars were given to candidates,  Barack Obama, John McCain, John Boehner and Harry Reid; including Ponzi Payoffs; as well as national fundraising committees for the Republican and Democratic parties.”

http://www.truth-out.org/politicians-wont-return-ponzi-payoffs/1331400527

 

Confusion Surrounds Federal Review of Southern Leg of Keystone XL

Lisa Song, InsideClimate News:

“TransCanada’s decision last week to build the southern half of the rejected Keystone XL has raised a tricky question about who will regulate the project review … The process could be stickier at the federal level. The U.S. State Department was the lead agency on the original Keystone XL because it crossed an international boundary. But so far, no agency has stepped forward to take responsibility for the Gulf Coast Project.”

http://www.truth-out.org/confusion-surrounds-federal-review-southern-leg-keystone-xl/1331398833

 

A Field of Hawks

Eugene Robinson, Washington Post Writers Group:

“Unless Ron Paul somehow wins the nomination, it looks as if a vote for the Republican presidential candidate this fall will be a vote for war with Iran. No other conclusion can be drawn from parsing the candidates’ public remarks. Paul, of course, is basically an isolationist who believes it is none of our business if Iran wants to build nuclear weapons…. But Paul has about as much chance of winning the GOP nomination as I do.”

http://www.truth-out.org/field-hawks/1331398935

 

No Apocalypse Yet
Will Putin do what the oligarchs fear?

By ISRAEL SHAMIR

If he wants to survive politically, he will have to implement the national agenda, confront the oligarchs, curb the creative class, provide support to those who supported him.

http://www.informationclearinghouse.info/article30776.htm

 

Obama Signs Anti-protest Trespass Bill

By RT

US President Barack Obama signed his name to H.R. 347 on Thursday, officially making it a federal offense to cause a disturbance at certain political events – essentially criminalizing protest in the States.

http://www.informationclearinghouse.info/article30774.htm

 

‘War on Terror is War on Liberty’
Farage demands that the UK break treaty with US

By Nigel Farage: EU MP

“No British court has ever been allowed to examine the evidence against Mr Tappin and I believe this Treaty, signed in the wake of the September 11 attacks, needs to be amended and the British government needs to stand up for its own people.

http://www.informationclearinghouse.info/article30764.htm

 

Economy

Not So Fast On That Whole Economic Recovery Thing

Not so fast. Those that are publicly declaring that an economic recovery has arrived are ignoring a whole host of numbers that indicate that the U.S. economy is in absolutely horrendous shape. The truth is that the health of an economy should not be measured by how well the stock market is doing. Rather, the truth health of an economy should be evaluated by looking at numbers for things like jobs, housing, poverty and debt. Some of the latest economic statistics indicate that unemployment is getting a little bit worse, that the housing market continues to deteriorate, that poverty in America continues to soar and that our debt problem is worse than ever.

http://theeconomiccollapseblog.com/archives/not-so-fast-on-that-whole-economic-recovery-thing

 

TEXT-Moody’s: Greek sovereign credit rating remains at C

Moody’s Investors Service says that it considers Greece

to have defaulted per Moody’s default definitions further to the conclusion of an exchange of EUR177 billion of Greece’s debt that is governed by Greek law for bonds issued by the Greek government, GDP-linked securities, European Financial Stability Facility (EFSF) notes. Foreign-law bonds are eligible for the same offer, and Moody’s expects a similar debt exchange to proceed with these bondholders, as well as the holders of state-owned enterprise debt that has been guaranteed by the state, in the coming weeks. The respective securities will enter our default statistics at the tender expiration date, which is was Thursday 8 March for the Greek law bonds and is currently expected to be 23 March for foreign law bonds. Greece’s government bond rating remains unchanged at C, the lowest rating on Moody’s rating scale.

http://www.reuters.com/article/2012/03/09/idUSWNA217120120309

 

Security: UK ‘must plan for euro collapse’

Ministers should draw up plans to deal with a break-up of the eurozone “as a matter of urgency”, a committee of MPs and peers has warned.

The joint committee on the government’s National Security Strategy (NSS) said the full or partial collapse of the single currency was “plausible”.

It said political unrest and a rise in economic migrant numbers could result.

http://www.bbc.co.uk/news/uk-politics-17295461

 

Wall Street up on jobs data, brushes off Greek default

NEW YORK (Reuters) – Stocks advanced on Friday as investors brushed off the technical default by Greece and focused instead on another strong monthly jobs report.

Trading was choppy in late afternoon trade after the International Swaps and Derivatives Association said Greece has triggered an insurance payment on credit default contracts.

Investors took the Greek news largely in stride because the event was widely expected. Still, it is a declaration of default following the biggest sovereign debt-restructuring deal in history, and the specter of trouble in other euro-zone countries remains.

http://finance.yahoo.com/news/stock-futures-edge-lower-focus-092318186.html;_ylt=Ar1tpMPx1ZCXLOapElzdCaqiuYdG;_ylu=X3oDMTNyMnNyMmVwBG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDNGYxODJlZGQtM2NlOC0zZDJlLThlY2MtMTUxYWU5NzcwZTQ4BHBvcwMxBHNlYwN0b3Bfc3RvcnkEdmVyAzI3OTQ0YjMwLTZhMzAtMTFlMS1hZmZmLTEzMTljMGYwZTE4NA–;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

 

Bernanke Is Giving Us the Recovery He Wants, Not the Recovery We Need

With the latest round of monetary stimulus, the Federal Reserve is boldly going where it has already been. Big, big news from the Federal Reserve. They are considering doing something they are already doing, but calling it something else.

This “new” operation, carried out under the rather gross-sounding moniker of “sterilized quantitative easing,” is just another way to reduce long-term interest rates. The specifics aren’t terribly important — although if you want all the gory details about bond-buying and reverse repos, check out Jon Hilsenrath — but the result should be identical to the so-called “Operation Twist” the Fed did last fall.

http://finance.yahoo.com/news/bernanke-giving-us-recovery-wants-170846352.html;_ylt=AnYAn2zURi8MrFLRZ_Hep_SiuYdG;_ylu=X3oDMTRiOGw4a3B0BG1pdANGUCBDb21tZW50YXJ5IGFuZCBBbmFseXNpcwRwa2cDMmQ2YTVlYjMtZGYwYy0zZGU0LWFmNjktMjFkN2EwODU4NTBiBHBvcwMzBHNlYwNNZWRpYVNlY3Rpb25MaXN0BHZlcgNmNmIyODFiMC02OTQxLTExZTEtYmZmYy01NTAxNmVjYTk3MGQ-;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

 

UPDATE 6-Oil up on jobs data even as dollar rallies

By Robert Gibbons

NEW YORK, March 9 (Reuters) – Oil prices rose a third straight day on Friday as data showing rising U.S. employment countered any pressure from a stronger dollar and faded euphoria after Greece’s debt swap deal.
U.S. nonfarm payrolls rose by 227,000 in February, above expectations and marking the third straight month that gains topped 200,000, though the unemployment rate held at a three-year low of 8.3 percent.

http://finance.yahoo.com/news/6-oil-jobs-data-even-170225610.html;_ylt=ArtF491iXjMK0Eqas1EzJrWiuYdG;_ylu=X3oDMTN0bGRlZWpmBG1pdANOZXdzIFRvcGljIDIEcGtnAzBlMGE5M2UyLTAwMDEtMzJmMy05M2ExLTA1NDk4MDM2ZDllMwRwb3MDMgRzZWMDTWVkaWFTZWN0aW9uTGlzdAR2ZXIDZTA2MzljYTAtNmEwOS0xMWUxLWFlZmYtYjcyZGRjMWIwZDU2;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

 

PRECIOUS-Gold turns higher on US jobs data, oil gains

By Frank Tang and Amanda Cooper

NEW YORK/LONDON, March 9 (Reuters) – Gold rose above
$1,700 an ounce in heavy trade on Friday, reversing early sharp losses as the metal took heart from gains in crude oil and U.S. equities’ after an encouraging U.S. nonfarm payrolls report.
Bullion, which has taken to following riskier assets, rose in the face of a dollar rally and fading hopes of further U.S. monetary stimulus after U.S. employment grew strongly for a third straight month.
Also lifting the metal was Greece’s averting an immediate default after its bond swap offer to private creditors. Technical buying also helped after prices rebounded off its key 200-day moving average.

http://finance.yahoo.com/news/precious-gold-turns-higher-us-165030879.html;_ylt=AmeSDy3YM97ycn01LvBnaVaiuYdG;_ylu=X3oDMTN0OTRtMzFzBG1pdANOZXdzIFRvcGljIDIEcGtnA2EzYTkxNGFlLTdjMGMtM2ZmOS04ZDE2LTJjYmQ4ZWQwMzI2YgRwb3MDMwRzZWMDTWVkaWFTZWN0aW9uTGlzdAR2ZXIDYTczNjQ0YTAtNmExMy0xMWUxLWI5ZmYtYjAxMDViZmYwZjJj;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

 

Public-Sector Banks: From Black Sheep to Global Leaders

Once the black sheep of high finance, government owned banks can reassure depositors about the safety of their savings and can help maintain a focus on productive investment in a world in which effective financial regulation remains more of an aspiration than a reality.

http://www.truth-out.org/public-sector-banks-black-sheep-global-leaders/1331147316

 

Welcome to the One Percent Recovery

Mike Konczal, New Deal 2.0:

“As the one percent reap 93 percent of the income gains from the recovery, we’re rapidly returning to pre-New Deal levels of inequality … It’s important to remember that a series of choices were made during the New Deal to react to runaway inequality, including changes to progressive taxation, financial regulation, monetary policy, labor unionization, and the provisioning of public goods and guaranteed social insurance. A battle will be fought over the next decade on all these fronts.”

http://www.truth-out.org/welcome-1-percent-recovery/1331396893

 

Jeffrey Sachs’ Reform Candidacy for World Bank President

Staff, Center for Economic and Policy Research:

“Economist and health expert Jeffrey Sachs’ reported candidacy for World Bank president is welcome news for the two-and-a-half billion people around the world living in poverty, Center for Economic and Policy Research (CEPR) Co-Director Mark Weisbrot said today. ‘If Sachs were to get the job, he would be the first World Bank president with this kind of experience and knowledge of economic development … All of the others have been bankers, politicians, or political appointees.’”

http://www.truth-out.org/mark-weisbrot-jeffrey-sachs-reform-candidacy-world-bank-president/1331311919

 

China posts Feb. trade deficit

For the first time in a year, China recorded a trade deficit of 31.48 billion U.S. dollars in February, as import growth far outpaced exports.

Exports rose 18.4 percent from a year earlier to 114.47 billion U.S. dollars in February, while imports were up 39.6 percent to 145.96 billion U.S. dollars, customs data showed Saturday.

The fast trade expansion was fueled by the lower comparative base for last February, when the Chinese Lunar New Year holiday cut working days from the month and skewed trade data, the General Administration of Customs (GAC) said. The week-long holiday fell in January this year.

After seasonal adjustments, the annual growth of exports slowed to 4 percent in February while that of imports was cut down to 9.4 percent.

http://www.china.org.cn/business/2012-03/10/content_24859840.htm

Life in America on Two Dollars a Day
Or Why American Poverty Will Soon Match That of the Third World

By CanSpeccy

The latest poverty statistics that show the number of American families with an income of less than two dollars per person per day more than doubled between 1996 and 201.

http://www.informationclearinghouse.info/article30765.htm

 

China to export yuan to BRICS:

China is reportedly to begin extending loans in yuan to BRICS countries in another step towards internationalizing the national currency and diversifying from the US dollar.

http://rt.com/business/news/china-us-dollar-currency-129/

 

Iceland calls its former PM to account for financial crash:

Geir Haarde, whose trial began this week, could face up to two years in jail if convicted over country’s 2008 economic collapse

http://www.guardian.co.uk/world/2012/mar/09/iceland-former-pm-financial-crash

 

Harrisburg, Pennsylvania, Set to Default on $5.27 Million GO Bond Payments:

The city, carrying a debt load of more than five times its general-fund budget, will miss $5.27 million in bond payments due March 15 on $51.5 million of bonds issued in 1997.

http://www.bloomberg.com/news/2012-03-09/harrisburg-pennsylvania-set-to-default-on-5-27-million-go-bond-payments.html

 

Wars and Rumors of War

 

The Kazakhstan Massacre: Killing Hope to Benefit US Geopolitical Interests

Steve Horn and Allen Ruff, Truthout: “December 16, 2011, should have been, at minimum, a fairly bright day for the people of Kazakhstan marking the country’s Independence Day and 20th birthday. But rather than being a moment of celebration, it became a day of brutal repression and death, a bloody scene in the regional center of Zhanaozen paralleling those that occurred at the hands of US-supported dictatorial regimes during the uprisings now commonly referred to as the Arab Spring.”

http://www.truth-out.org/kazakhstan-massacre-killing-hope-benefit-us-geopolitical-interests/1331142602

 

Russia says 15,000 foreign “terrorists” in Syria

(Reuters) – Syrian President Bashar al-Assad is battling al Qaeda-backed “terrorists” including at least 15,000 foreign fighters who will seize towns across Syria if government troops withdraw, a Russian diplomat said on Thursday.

http://www.reuters.com/article/2012/03/08/us-syria-russia-idUSBRE82714E20120308

 

After a Decade, Afghan Forces Don’t Trust Americans

Jon Stephenson and Ali Safi, McClatchy Newspapers:

“Afghan soldiers and police say the recent burning of Qurans by U.S. personnel has seriously undermined their trust in their American counterparts, suggesting that the decade-long campaign to win hearts and minds has not only failed but also threatens the Obama administration’s exit strategy. ‘We are tired of the Americans here,’ said Mohammad Aziz, 20, a Kabul police officer. ‘We don’t want them to stay because they keep insulting our religion.’”

http://www.truth-out.org/after-decade-afghan-forces-dont-trust-americans/1331392048

 

Fresh barrage of Gaza rockets strike Israel’s south

Iron Dome intercepts a number of rockets over Be’er Sheva on Saturday morning; 12 Palestinians reportedly killed in IAF strikes in Gaza since Friday.

http://www.haaretz.com/news/diplomacy-defense/fresh-barrage-of-gaza-rockets-strike-israel-s-south-1.417622

 

Obama has partially left his delusions about Iran: Leader

TEHRAN – Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says that U.S. President Barack Obama has partially left his delusions about Iran.

The Leader made the remarks during a meeting with the members of the Assembly of Experts in Tehran on Thursday.

“Two days ago, we heard that the U.S. president said, ‘We do not think of war against Iran.’ Well, this is good. This is a logical remark. This is an exit from delusion. In addition, he said, ‘We will bring the Iranian people to their knees through sanctions.’ This is a delusion. The exit from delusion in the first part is good, but remaining in delusion in the second part will harm them. When one’s calculations are based on delusion, it is obvious that the planning he makes based on those calculations will end in failure,” Ayatollah Khamenei stated.

http://www.tehrantimes.com/politics/96228-obama-has-partially-left-his-delusions-about-iran-leader

 

The Bloody Road to Damascus
The Triple Alliance’s War on a Sovereign State

By James Petras

There is clear and overwhelming evidence that the uprising to overthrow President Assad of Syria is a violent, power grab led by foreign-supported fighters.

http://www.informationclearinghouse.info/article30769.htm

 

10 Myths about Iran Driving the Insane Push for War
And Why They’re Dead Wrong

By Jasmin Ramsey

Israeli officials and GOP candidates spout nonsense about Iran. Here’s the truth.

http://www.informationclearinghouse.info/article30772.htm

 

Weapons Financed By US Kill Unarmed Palestinians and U.S. Citizens.

By David Elkins

“U.S. weapons provided to Israel at taxpayer expense make the U.S. complicit in Israel’s human rights abuses of Palestinians living under Israel’s 44-year military occupation of the West Bank, East Jerusalem, and Gaza Strip”

http://www.informationclearinghouse.info/article30767.htm

 

Kofi Annan’s calls for talks spark anger:

Syrian opposition activists have angrily rejected calls by Kofi Annan, the UN and Arab League envoy to Syria, for dialogue with the government.

http://www.bbc.co.uk/news/world-middle-east-17312040

 

Assad Tells Kofi Annan He’s Open To ‘Honest Effort To Find Solution’:

 

Assad warned the envoy that dialogue was unlikely to succeed while “armed terrorist groups” remained.

http://www.huffingtonpost.co.uk/2012/03/10/syria-crisis-assad-annan-kofi-homs-idlib-_n_1336534.html?ref=uk

 

Russia threatens to veto U.S. resolution on Syria:

Russia will not support a new U.S.-drafted resolution on Syria because it fails to urge both the government and the rebels to halt violence, said a top Russian diplomat.

http://www.thehindu.com/news/international/article2978397.ece

 

No military solution in Syria: EU ministers:

As Qatar called in Cairo for the dispatch of Arab and international peacekeeping troops to Syria, Juppe joined his counterparts in saying that for the EU “military action is not on the agenda.”

http://www.eubusiness.com/news-eu/syria-politics.fml

 

US officials: Loyal army, inner circle back Assad:

Despite the Obama administration’s predictions that the Syrian government’s days are numbered, recent U.S. intelligence reports suggest President Bashar Assad commands a formidable army that is unlikely to turn on him, an inner circle that has stayed loyal and an elite class that still supports his rule.

http://www.mercurynews.com/breaking-news/ci_20145482/us-officials-syrian-regime-holding-under-fire

 

Controversy surrounds CNN footage from Syrian activist:

Video footage broadcast by CNN purporting to depict Syrian government violence was staged by the journalist reporting on camera, recent reports have claimed.

http://www.hurriyetdailynews.com/controversy-surrounds-cnn-footage-from-syrian-activist-.aspx?pageID=238&nid=15628&NewsCatID=359

 

If Iran attacked it will launch 11,000 missiles at Israel, US: envoy:

Tehran’s ambassador to Lebanon says Iran has prepared itself to launch about 11,000 missiles at Israel and U.S. bases in the region if they do a strike on Iran’s nuclear facilities, the Lebanese media reported.

http://www.mehrnews.com/en/newsdetail.aspx?NewsID=1556104

 

Environmental

 

The Problem With the Environment Is Not Too Many People

Eleanor J. Bader, Truthout:

“We’ve all heard the claim repeatedly: humans pollute, so if we just reduce the number of people – both the number being born and the number immigrating from point A to point B – the despoiling will cease and Eden will be restored. If only it could be so simple…. ‘Too Many People?’ is a clear and convincing challenge to the idea of population control as political necessity.”

http://www.truth-out.org/problem-environment-not-too-many-people/1331163575

 

Fracking Likely Caused Series of Ohio Quakes, Officials Say

Michael Muskal and Neela Banerjee , News Report:

Ohio’s Department of Natural Resources issued new regulations for transporting and disposing of brine wastewater, a fracking byproduct, making for the nation’s toughest disposal regulations, state officials said. Though the quake damage was minor – the largest was a 4.0 magnitude – environmental groups questioned whether the state’s safety rules were strong enough to protect the area from disasters they attributed to hydraulic fracturing.

http://www.nationofchange.org/fracking-likely-caused-series-ohio-quakes-officials-say-1331394148

 

Misc

 

New York Times CEO Robinson’s Exit Compensation Package Tops $23 Million

Janet Robinson, the New York Times Co. chief executive officer who was pushed out in December, received an exit package, including stock options and retirement benefits, of $23.7 million.

Robinson gets pension and supplemental retirement income valued at $11.4 million, performance awards of $5.39 million, restricted stock units worth $1.07 million and stock options worth $694,164, according to the company’s proxy statement filed with the Securities and Exchange Commission today. She will also earn $4.5 million in consulting fees for this year.

http://www.bloomberg.com/news/2012-03-09/new-york-times-s-robinson-s-exit-package-tops-23-million.html

 

NSA whistle-blower: Obama “worse than Bush”

Thomas Drake on life inside the National Security Agency and the price of truth telling

Thomas Drake, the whistle-blower whom the Obama administration tried and failed to prosecute for leaking information about waste, fraud and abuse at the National Security Agency, now works at an Apple store in Maryland. In an interview with Salon, Drake laughed about the time he confronted Attorney General Eric Holder at his store while Holder perused the gadgetry on display with his security detail around him. When Drake started asking Holder questions about his case, America’s chief law enforcement officer turned and fled the store.

http://www.salon.com/2012/03/07/nsa_whistle_blower_obama_worse_than_bush/singleton/

 

Mass pro-democracy protest rocks Bahrain

(Reuters) – Tens of thousands of Bahrainis demonstrated on Friday to demand democratic reforms, stepping up pressure on the U.S.-allied government with the biggest protest yet in a year of unrest.

http://www.reuters.com/article/2012/03/09/us-bahrain-protest-idUSBRE8280TI20120309

 

Three Ways to Beat Corporate Giants

Jim Shultz, Op-Ed:

From insurance companies lording over our health care to global conglomerates taking control of our water, corporate giants wield more and more influence over our lives and our environment. So how do we fight back? How do we take on corporate power and actually win? The Democracy Center recently published a new citizen’s resource that looks up close at the strategies that people and communities are using worldwide to successfully tackle corporate giants.

http://www.nationofchange.org/three-ways-beat-corporate-giants-1331390970

 

Don’t Look Away from Bahrain’s Revolution

By Ala’a Shehabi

Over the past year, as cameras turned away, the Bahraini regime carried out some of the worst atrocities in its history.

http://www.informationclearinghouse.info/article30773.htm

 

Bahraini forces kill 21-year-old protester in capital Manama:

Activists say the protester, named Fadhel Mirza, was killed on Saturday when regime forces attacked a group of demonstrators struggling to reach Pearl Square.

http://www.presstv.ir/detail/230916.html

 

CyberSpace

 

Stratfor: Blood On Their Hands
And it gets worse.

By Khadija Sharife

With their emails, Stratfor appears to advocate for a world where polluters and murderers, circumvent accountability by obtaining information to pre-empt – and in the process destroy – their opposition.

http://www.informationclearinghouse.info/article30777.htm

 

The Crime of Truth:
Obama’s Persecution of the Peacemaker

By Chris Floyd

Bradley Manning will spend the rest of his life in a federal prison for the unforgiveable crime of telling the truth to people who don’t want to hear it.

http://www.informationclearinghouse.info/article30771.htm

 

The Dirty War on WikiLeaks

By John Pilger

Media smears suggest Swedish complicity in a Washington-driven push to punish Julian Assange.

http://www.informationclearinghouse.info/article30770.htm

 

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