Phi Beta Iota: Nothing on financial crime (Wall Street), crimes against humanity (pedophilia), or traitors among us. FBI continues to serve as the protective agency for those committing high crimes and misdemeanors against the public interest.
The Trans-Pacific Partnership Agreement — an international trade agreement some years in the making between major world powers including the U.S., Canada and Japan — has seemed in some minor jeopardy over revelations that the NSA has secretly been spying on ally world leaders. Secretary of State John Kerry has been in damage control mode to keep the deal afloat and on schedule.
On Tuesday, WikiLeaks offered a peak into the trade agreement, publishing a leaked draft chapter. Predictably, the TPP promises to be a deal in the interest of major corporations above consumers. Having received an exclusive early view of the draft from WikiLeaks, the Sydney Morning Herald called it a “bitter medicine.”
…. Read this obscene description of the “let them eat cake” policies of the Fed (and by extension, the President and Congress) that feed Wall Street at the expense of Main Street.
We went on a bond-buying spree that was supposed to help Main Street. Instead, it was a feast for Wall Street.
By ANDREW HUSZAR
I can only say: I'm sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed's first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a tool for helping Main Street. But I've come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time.
Five years ago this month, on Black Friday, the Fed launched an unprecedented shopping spree. By that point in the financial crisis, Congress had already passed legislation, the Troubled Asset Relief Program, to halt the U.S. banking system's free fall. Beyond Wall Street, though, the economic pain was still soaring. In the last three months of 2008 alone, almost two million Americans would lose their jobs.
The Fed said it wanted to help—through a new program of massive bond purchases. There were secondary goals, but Chairman Ben Bernanke made clear that the Fed's central motivation was to “affect credit conditions for households and businesses”: to drive down the cost of credit so that more Americans hurting from the tanking economy could use it to weather the downturn. For this reason, he originally called the initiative “credit easing.”
Phi Beta Iota: The above requires an honest informed legislature and an honest informed executive, both committed to the public interest. Mike Nelson described the problem in 1994: “1970's technology and 1950's mind-sets struggling with 1990's opportunities.” It has gotten worse, not better. Cyber Commands are retarded — they destroy productivity, do not protect anything at all, and generally cost vastly more than they are worth across multiple forms of accounting.
Fraudsters are surprisingly successful at convincing call centre staff they are someone else, until their voiceprints are compared against the genuine article
I am supporter of Elizabeth Warren; she is one of the few people in the Congress, Bernie Sanders is another, who actually speaks truth to power in a rational way. I hope she is a harbinger of a new trend to end the vampire capitalism which dominates the American economy.
Here is the counter-movement to Warren's socially progressive policies. The Theocratic Right is toxic and dangerous, and very well funded. The following is an excerpt from Crucifying America: the unholy alliance between the Christian Right and Wall Street by CJ Werleman (Dangerous Little Books, 2013).
Phi Beta Iota: The extreme left is stupider and less wealthy. One bird, two wings, same shit. It is time to reject the two-party tyranny and demand electoral reform. Sadly, the smaller parties are if anything, less well endowed and just as challenged morally and intellectually. The independents have not found their voice, in part because they have been subverted and mis-directed by various Bloomberg entities.
The American Gulag grows like tumor in the body of our society, and we are in nearly complete denial. Worse privatization is spreading in the incarceration industry and corporations are requiring 92 per cent occupancy. It is not that way in every country. In Sweden, for instance, things are going in the opposite, and healthier, direction. Why isn't this happening here?
After last weeks story on the Raphial Morgado and MYT™ Engine I Thought I would do a series on other innovative engine technologies. The Cyclone engine may only have average fuel efficiency, but does have many advantages over conventional engine technology. These include reducing emissions, and the ability to run on any type of fuel without any modifications, It can be converted to a heat engine harvesting waste heat.
To date, Cyclone has over 1,000 hours of running (on fuel!) and testing of the engines, They have achieved verified thermal efficiencies above 30%, and is very close to putting the first of these engine models into small-scale commercial production.
Popular Science magazine named the clean, green Cyclone Engine as the 2008 Invention of the Year. the engine’s inventor and company CEO, Harry Schoell has followed a path that would be a good example for many investors and researchers. “In less than a few years he has systematically undertaken the development and building of a company in a very professional way. i am not endorsing the technology but the processes of how to take something from the drawing board to market. There is still a ways to go, but progress is being made as will be illustrated in the following press release.