Tuesday, March 01, 2011

Only if innate stupidity is considered terrorism.

Evidence outlined in a Pentagon contractor report suggests that financial subversion carried out by unknown parties, such as terrorists or hostile nations, contributed to the 2008 economic crash by covertly using vulnerabilities in the U.S. financial system.

The unclassified 2009 report “Economic Warfare: Risks and Responses” by financial analyst Kevin D. Freeman, a copy of which was obtained by The Washington Times, states that “a three-phased attack was planned and is in the process against the United States economy.”

While economic analysts and a final report from the federal government’s Financial Crisis Inquiry Commission blame the crash on such economic factors as high-risk mortgage lending practices and poor federal regulation and supervision, the Pentagon contractor adds a new element: “outside forces,” a factor the commission did not examine.

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Sentencing in Maryland.

A Silver Spring man convicted of falsifying immigration documents had threatened to blow up the White House, the U.S. Treasury building, a federal courthouse and a Metro stop, vowing to “slaughter the enemies of Islam,” federal prosecutors said Monday in court.

Brahim Lajqi, 51, was not charged with attempting to carry out any terrorist threats, but prosecutors outlined the allegations in an effort to persaude U. S. District Judge Roger W. Titus to impose a penalty harsher than the six months in prison recommended by sentencing guidelines.

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Monday, February 28, 2011

This probably wouldn’t be my first choice for a vacation spot.

The French foreign minister, Michele Alliot-Marie, was fired Sunday because of a Christmas vacation spent at a resort in Tunisia while the country was caught up in a crescendo of violent protests that eventually toppled the authoritarian president.

Alliot-Marie’s lack of diplomatic judgment, compounded by falsehoods as she attempted to explain away the problem, embarrassed President Nicolas Sarkozy as he tries to recover from a slump in public support and lay the groundwork for a reelection campaign in 2012.

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Smarter than you think.

As Republicans and Democrats in Congress haggle over the budget, most voters would rather have a partial shutdown of the federal government than keep its spending at current levels.

A new Rasmussen Reports national telephone survey finds that just 33% of Likely U.S. Voters would rather have Congress avoid a government shutdown by authorizing spending at the same levels as last year. Fifty-eight percent (58%) says it’s better to have a partial shutdown until Democrats and Republicans can agree on what spending to cut. (To see survey question wording, click here.)

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Hmmmm ...

It’s not every day the AFL-CIO encourages workers to dismantle their labor union and abandon collective bargaining, but in the case of the NFL Players Association’s battle with team owners, Big Labor is cheering it on.

While unions in states like Wisconsin and Indiana protest in defense of collective bargaining rights, the AFL-CIO is actively championing NFL players to dissolve their union and drop their AFL-CIO membership to better position themselves in a contract fight with the league’s owners. The players’ union is expected to disband its labor union so its athletes, many of them millionaires, can lock down a bigger payday. By decertifying the union, players will have the freedom to sue the NFL individually under anti-trust laws, which will avoid a lockout and increase the likelihood of forcing the owners to budge from their demands.

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News you need to know.

The Names of the 47 Congressmen That Have Voted for Every Spending Cut

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Conviction in the UK.

A former British Airways worker has been convicted of four counts of preparing acts of terrorism. Rajib Karim’s trial revealed new details about how Islamist extremists in the West forge links with groups overseas.

The British Airways worker was acting under orders from Anwar Al-Awlaki, described in court as a “major terrorist planner,” who exerts a powerful influence on his followers, despite being on the run in Yemen.

Trial testimony also suggests Karim had developed links with sympathisers in the UK, including another man who worked at BA.

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When will they see the light?

Please.

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So why did prices shoot up?

image

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Now if his name had been Tom Smith and he was getting a degree in civil engineering ...

Mohammed Gul, 23, edited his own films, combining footage of bin Laden, the September 11 terrorist attrocities and attacks on coalition troops in Iraq and Afghanistan, which he set to Islamic songs praising holy war.

But he had also contacted an extremist in Germany to get hold of information about an infrared command wire, used to detonate a bomb, it can be disclosed.
Adnan Vantandas, the German man, was subsequently arrested and charged with explosive offences, sources said.

Judge David Paget QC said Gul, who refused to renounce his support for bin Laden in court, had “thrown away a promising career by becoming involved in Islamic extremism.”
He is thought to have radicalised himself over the internet, amassing vast quantities of visual material which he edited into extremist films in his bedroom on an Apple laptop.

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Sunday, February 27, 2011

Limited blogging until tonight

Sick grandkids. (Don’t worry. I still have fun.)

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Saturday, February 26, 2011

Geez ... ya think ...

Peter Wallison of the American Enterprise Institute said on Bloomberg Television this week that starting in 1992 influence from the Housing Department Urban Development unit prompted the enterprises to undertake risky underwriting policies. He explained that Fannie Mae issued a 10-K to the Security Exchange Commission (SEC) in 2006 that blatantly warned it would be issuing unprofitable mortgages. Wallison went on to say that of the $27 million in subprime mortgages issued in 2008, some $19 million were coming directly from Freddie and Fannie. They were the source, not the result of the problem.

Earlier in the week, Thomas Stanton a Fellow of the John Hopkins Institute noted he had identified the risk to the financial markets 20 years ago. He has written a book on the subject, ‘State of Risk’. He warned there is an inherent danger in a government owning a public company. There is a confluence of interests that results in disaster. As the public company grows in strength, it in turn seeks to lobby government which results in limits on the restraints of regulations. Any unwinding of the now troubled but gigantic enterprises must be undertaken carefully and over time. He warns that great care must be taken over the next five years not to further destabilise the mortgage markets.

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Let’s look at it as preventing multiculturalism from failing.

New information has come to light that the integration ministry was aware as early as December 2008 that it was not properly handling citizenship applications of young stateless Palestinians born in Denmark, reports broadcaster DR News.

The Danish integration ministry asked its Swedish colleagues at the end of 2008 how they were handling the UN conventions regarding stateless people’s rights.  The Swedish ministry answered that it was following the conventions’ rules.

In Copenhagen, however, the integration ministry continued as before, ignoring UN rules and unlawfully rejecting the citizenship application of one stateless youth after another throughout 2009.

The Liberal Party’s Anders Fogh Rasmussen was prime minister at that time.  In April 2009, he was succeeded by Lars Løkke Rasmussen, also of the Liberal Party.

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Some people need a very paternalistic government.

House Majority Leader Eric Cantor (R-Va.) outlined Republicans’ economic vision on Thursday evening, saying in a speech at Harvard University that Washington must reduce the role of government in order to preserve America’s role as the “crucible of innovation.”

Speaking at the Kennedy School of Government before an audience of graduate and undergraduate students, Cantor drew a contrast between the United States and European countries through comparing last year’s protests against pension cuts in France and Greece to the message American voters delivered in November’s midterm election.

“Not long ago, in streets of both Greece and France, we saw young people protesting against the government’s decision to rein in retirement benefits—even though they were years away from receiving them,” Cantor said. “Translation: Very early in their lives, these individuals were conditioned to rely and depend on the government for their livelihood, for their future.”

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Deaths in Iraq.

At least nine people were killed in northern Iraq on Friday during clashes with security forces, as thousands of protesters took to the streets across the country even though religious and political officials had asked them not to.

Five protesters were killed and dozens injured in the city of Mosul when security forces fired at people. Witnesses said some protesters were trying to break into a local government building.

A police official said that four people had also died in clashes between protesters and security forces in the town of Haweija, located in the district of Kirkuk.

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