Journal: Bank of America into Receivership?

03 Economy, 07 Other Atrocities, 10 Transnational Crime, Commerce, Commercial Intelligence, Corporations, Corruption, Money, Banks & Concentrated Wealth

‘FORECLOSE ON THE FRAUDSTERS'
White Collar Crime Expert Calls For FDIC To Take Control Of Bank Of America

Full Story Online

Charging that the ongoing foreclosure fraud epidemic is the work of precisely the same unrepentant bank officers whose fraudulent mortgage schemes crashed the financial system in the first place, two leading critics of the financial industry are calling on the FDIC to put some of the nation's biggest banks into receivership — starting with the Bank of America — and make them clean house.

William K. Black, a former regulator and white-collar crime expert who cracked down on massive fraud during the savings and loan scandal of the 1980s, and his fellow economics professor at the University of Missouri-Kansas City, L. Randall Wray, write in the Huffington Post that it's time to “foreclose on the foreclosure fraudsters”. They write:

Read on….

Journal: Paradigm & Integrity Revolution in Medicine

02 Infectious Disease, 07 Health, Academia, Civil Society, Collective Intelligence, Commerce, Commercial Intelligence, Earth Intelligence, Government

Jon Lebkowsky Home

Science, lies, evidence, knowledge

In so many fields, owing to the Internet-driven democratization of knowledge, we learn that that the power associated with hoarded knowledge has been abused, and the position of leadership – the priesthood – associated with the acquisition of knowledge has been leveraged to manipulate and deceive. “Everything you know is wrong!”

David Freedman has a great article in the Atlantic about medical deception, called “Lies, Damned Lies, and Medical Science,” which focuses on Dr. John Ioanniddis’ dedication to exposing bad science in medicine.

He’s what’s known as a meta-researcher, and he’s become one of the world’s foremost experts on the credibility of medical research. He and his team have shown, again and again, and in many different ways, that much of what biomedical researchers conclude in published studies—conclusions that doctors keep in mind when they prescribe antibiotics or blood-pressure medication, or when they advise us to consume more fiber or less meat, or when they recommend surgery for heart disease or back pain—is misleading, exaggerated, and often flat-out wrong. He charges that as much as 90 percent of the published medical information that doctors rely on is flawed. His work has been widely accepted by the medical community; it has been published in the field’s top journals, where it is heavily cited; and he is a big draw at conferences. Given this exposure, and the fact that his work broadly targets everyone else’s work in medicine, as well as everything that physicians do and all the health advice we get, Ioannidis may be one of the most influential scientists alive. Yet for all his influence, he worries that the field of medical research is so pervasively flawed, and so riddled with conflicts of interest, that it might be chronically resistant to change—or even to publicly admitting that there’s a problem.

At e-Patients.net, Peter Frishauf writes a response to the Atlantic article, called “Fixing those Damn Lies.” How do we fix them? The Atlantic piece discusses Ioannidis’ suggestions to change the culture of medical research, and reset expectations. It’s okay to be wrong in science – in fact, it’s almost a requirement. The scientific method is about testing and proving hypotheses – proving can be “proving wrong” as well as “proving right.” Either way, you’re learning, and extending science.

Frishauf also mentions how medicine and science should embrace the Internet “and figure out a way to better incorporate patient self-reported and retrospective data in trials,” which is one goal of participatory medicine. He also suggests “giving up on tenure-tied-to-the-peer-reviewed-literature, and embracing a moderated form of pre and post-publication peer review,” something that came up in discussion when I spoke at the Central Texas World Future Society Tuesday evening. (More about this in an earlier e-Patients.net post by Frishauf.)

Knowledge is not a citadel or ivory tower, but a network that we could all be working, challenging, and improving.

Journal: US as Dishonest Broker in Middle East

08 Wild Cards, Cultural Intelligence, Government, Peace Intelligence
Chuck Spinney Recommends...
The author is Jewish, an Israeli of Iraqi descent.

US: The dishonest broker

Despite high expectation for Barack Obama, the US president has not convinced Israel to cease settlement construction.

Avi Shlaim, Al Jazeera, 21 Oct 2010 12:46 GMT

Avi Shlaim is a professor of international relations at the University of Oxford and the author of Israel and Palestine: Reappraisals, Revisions, Refutations (Verso, 2009). This article first appeared on the University of Oxford, Department of Politics and International Relations Blog

The Israeli-Palestinian conflict has been both a major concern of American diplomacy since 1967 and the arena of persistent failure.

There are many reasons for America’s failure to broker a peace deal between Israel and the Palestinians but the most fundamental one is that it is a dishonest broker. As a result of its palpable partiality towards Israel, America has lost all credibility in the eyes not only of the Palestinians but of the wider Arab and Muslim worlds.

The so-called peace process has been all process and no peace. Peace talks that go nowhere slowly provide Israel with just the cover it needs to pursue its expansionist agenda on the West Bank.

Read rest of article….

NIGHTWATCH Extract: China Using Rare Earth Elements (REE) to Test Economic & Technical Pressure Options

02 China, 03 Economy, 10 Security, Commerce, Commercial Intelligence, Earth Intelligence, Government, Military

China and Rare Earth Elements: China's new Five-Year Program will fail to bring any rapid change in export quotas for rare earth elements (REE), Chinese Ambassador to the World Trade Organization Sun Zhenyu said, Reuters reported. He also said China's REE reserves were depleting quickly and that Beijing must conserve them. According to Sun, China's reserves have fallen from 33 percent of the world's total in 1996 to 30 percent presently, and that they will last only for another 15-20 years. He urged other nations to begin developing their own REE reserves.

China-Japan: Japan's stockpile of rare earth elements (REE), if China does not restart REE exporting, could empty by March or April 2011, said Yoshikatsu Nakayama, Japanese vice-minister of the economy, trade and industry, Agence France-Presse reported on 21 October.

China-Germany: German companies have been told by Chinese officials to increase their investments in China if they wish to continue to receive rare earth elements (REE) and two other elements China mines, tungsten and antimony, The New York Times reported on 21 October, citing a spokeswoman for the German engineering federation.

On 21 October, unidentified German industry officials said that Chinese customs officials were for the fourth day blocking the final paperwork approval necessary for REE to be exported to Germany. The officials said China is still exporting REE that had paperwork approved before 18 October.

NIGHTWATCH Comment: The Chinese appear to be using rare earth elements exports for testing economic pressure tactics against potential rivals or adversaries. Rare earth elements are used in many high technology applications.

NIGHTWATCH KGS Home

Phi Beta Iota: This is what happens when government becomes irresponsible, divorced from reality, without a strategic analytic model, and so ideologically insane as to make a lobbyist for Goldman Sachs the National Security Advisor.  This all started in the 1970's, it is not new, but now it is close to a fatal sucking chest wound for the Republic.

See Also:

Election 2008 Chapter: The Substance of Governance

TED Video on “Recovering Plunderer” and “Greenest CEO” Ray Anderson & I = P x A / T2

03 Environmental Degradation, 05 Energy, 07 Health, 12 Water, Commerce, Corporations, Earth Intelligence, Peace Intelligence, TED Videos, Videos/Movies/Documentaries

The Magnitude of the Entrepreneurial Mission
Ray Anderson and the Business Logic of Sustainability

Thirty-six years ago, Ray Anderson bootstrapped a carpet company called Interface. He maneuvered it though the challenging years, and by the 1990s he was a major player, which also meant he was a preeminent contributor to the take/make/waste production system of the carpet industry. “We were digging up the earth and converting it to pollution,” he says.

Anderson devoted his company to “Mission Zero,” a vow that within five years it would “only take from the earth that which can be replenished by the earth, take not one fresh drop of oil in an oil-intensive industry, and do no harm.” The results: Greenhouse emissions declined 82 percent, fossil fuel use dropped 60 percent, water use declined 77 percent, while sales increased 66 percent and profits doubled. Interface realized $400 million in “avoided costs” in pursuit of zero emissions, which paid for the entire transformation.

Anderson's green business model is classic: Costs come down as innovation–inspired with missionary zeal–goes up, products become better, talent is attracted to your company for its moral and emotional enterprise, and the marketplace perceives the good that you do as reflective of the goods that you make. Most important, Anderson's real-life model presents an irrefutable challenge. As he says, “If something exists, it must be possible.”

I = P x A x T1 is Paul & Anne Erhlich's  Environmental Impact Equation where Impact = Population multiplied by Affluence multiplied by Technology. The revised equation is I = P x A / T2.

Thanks to Entrepreneur.com for listing various TED videos

Comment: If you are a CEO, contact Ray Anderson for more information, advice, wisdom, etc.

Journal: US State Department Clueless on Afghanistan

04 Inter-State Conflict, 05 Civil War, 07 Other Atrocities, 08 Wild Cards, 10 Security, Corruption, Cultural Intelligence, Government, Officers Call
DefDog Recommends...

humanitarian news and analysis

a project of the UN Office for the Coordination of Humanitarian Affairs

Analysis: Peace moves in Afghanistan as fighting goes on

EXTRACT:

The Taliban have rejected formal contacts with Kabul and dubbed the process “futile propaganda”. They have repeatedly vowed not to engage in any negotiations until all foreign forces leave Afghanistan.

Ordinary Afghans are suffering the most. The conflict has killed and wounded thousands over the past few years, according to the UN.

EXTRACT:

Richard Barrett, coordinator of the UN al-Qaeda-Taliban monitoring team, however, believes the Taliban are “beginning to look at alternatives to fighting”.

The government has dropped the term “moderate Taliban” which it used in previous peace efforts: President Karzai has invited all Taliban, including their reclusive supreme leader Mullah Mohammad Omar, to peace talks.

However, Washington has rejected a role for Mullah Omar in the peace process.

“I can’t imagine Mullah Omar playing a constructive role in Afghanistan… Our focus on Mullah Omar, from a US standpoint, is based on his complicity in support of al-Qaeda that led to the plot of 9/11,” Philip J. Crowley, assistant secretary in the US State Department, told reporters on 14 October.

Read full article…..

Phi Beta Iota: Over the past decade we have observed that at the political level, the US Department of State is next to worthless for two reasons: it does not know the truth of any matter, it simply parrots ideologically designed phrases; and it is consequently incapable of speaking truth to power.  The US Government is broken and bankrupt beyond imagination.

Journal: UK Defence Bottoms Up, US DoD Next…

10 Security, 11 Society, Budgets & Funding, Military, Officers Call, Peace Intelligence
Joe Cirincione

Joe Cirincione

President of Ploughshares Fund

Posted: October 20, 2010 02:13 PM

British Budget Collapse Foreshadows Cuts to Come in U.S. Defense Budget

Great Britain's cuts, particularly to its nuclear forces, are the canary in the defense budget mine. Just as massive deficits forced the conservative UK government to cut deep into its military programs, the United States will soon have to choose: update its force structure or cling to obsolete Cold War posture?
– – – – – –

U.S. Secretary of Defense Robert Gates is going through his own budget pain, now choosing which weapons to cut in an effort to save some $100 billion over the next five years. The Pentagon budget has doubled since 2001, rising an average of seven percent a year. This budget growth is expected to slow to only 1 percent in the near future, and even that may be unsupportable. Something's got to give. To preserve vital conventional military forces, the service chiefs will likely have to cut into the $54 billion spent each year on nuclear weapons-related programs.

Read full article…

Phi Beta Iota: DoD needs to fall back to $500 billion a year, and wean itself of contractors at the same time that it creates a long-haul Air Force, a 450-ship Navy, and a military-based multinational Peace Corps.

2010: Human Intelligence (HUMINT) Trilogy Updated

2010: OPINION–America’s Cyber Scam

2009 Perhaps We Should Have Shouted: A Twenty-Year Restrospective

2008 U.S. Naval Power in the 21st Century

2008 Rebalancing the Instruments of National Power–Army Strategy Conference of 2008 Notes, Summary, & Article

2001 Threats, Strategy, and Force Structure: An Alternative Paradigm for National Security

2000 Presidential Leadership and National Security Policy Making

1998 JFQ The Asymmetric Threat: Listening to the Debate

1997 Strategic Intelligence in the USA: Myth or Reality?

1997 USIP Conference on Virtual Diplomacy Virtual Intelligence: Conflict Avoidance and Resolution through Information Peacekeeping

1995 Re-Inventing Intelligence The Vision and the Strategy

1995 GIQ 13/2 Creating a Smart Nation: Strategy, Policy, Intelligence, and Information

1993 On Defense & Intelligence–The Grand Vision

1991 MCG Intelligence Support for Expeditionary Planners