Monthly Archives: October 2012

Swiss to tax family of suicide data thief

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“Tax authorities in the canton of Zurich are demanding 1.5 million francs ($1.6 million, €1.2 million) from the family of an Austrian man who committed suicide after he was arrested in September 2010 for stealing and selling the data to authorities in the German state of North Rhine-Westphalia.  The 42-year-old Credit Suisse employee reportedly received 2.5 million francs for the stolen data, which led German authorities to raid branches of the Swiss bank in 13 German cities.  Swiss authorities had blocked the heirs’ access to his entire estate in anticipation of the tax payment.”

http://www.thelocal.ch/page/view/swiss-to-tax-family-of-suicide-data-thief

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Coming: A “Medicare Tax” If You Sell Your Property

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“The Medicare tax could pack a punch for certain investors. It is not a sales tax. And it won’t apply to home-sale gains excluded from income under current law. But it could affect investors with outsize gains or gains from the sale of a vacation home or investment property.  Determining whether you will be subject to the tax is no easy matter.  Here’s what we do know.  The new tax will hit individuals with more than $200,000 in adjusted gross income, and married couples with adjusted gross income above $250,000 ($125,000 for married taxpayers filing separately). These thresholds are not indexed for inflation.”

http://www.economicpolicyjournal.com/2012/10/coming-medicare-tax-if-you-sell-your.html

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First Indication that Treasury is Serious about Student Loans Being Paid Back

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“From the Treasury release: ‘z helps to make student loans easy and simple to manage. Among other features, the app allows users to: link information about all of their student loans in one place; create a payoff plan that syncs with their budget; suggest ways the user can reduce their payment period and total interest paid by making extra payments; learn about managing student loans; and test their knowledge about student loans and personal finance.'”

http://www.economicpolicyjournal.com/2012/10/first-indication-that-treasury-is.html

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Gold Buyers = Dalio, Gross, Soros and Paulson

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“On one side, you have gold haters, such as Joe Weisenthal and Bruce Bartlett.  On the other side, you have major money players all plowing into gold.”

http://www.economicpolicyjournal.com/2012/10/gold-buyers-dalio-gross-soros-and.html

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Resume Of The Day: Meet The Man Who Sold 1,300 Tons Of Swiss Gold

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“If you are the person who sold 1,300 tons of Swiss gold in the pre-‘New Normal’ era, you probably would like to keep that fact to yourself. But not Michael Paprotta, or the guy who did sell 1,300 tons of gold for the Swiss National Bank from 2000 to 2005. As a reminder, the price of gold in the period was between $250 and $450, making Gordon Brown’s own dump of a meager 400 tons of UK gold between 1999 and 2002 seem like amateur hour by comparison. Switzerland effectively gave up on $60 billion in upside. That’s ok though, the SNB’s balance sheet is now full to the gills with money-good EURs. Who needs gold anyway?”

http://www.zerohedge.com/news/2012-10-04/resume-day-meet-man-who-sold-1300-tons-swiss-gold

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Marc Faber vs. Jim Rogers Conversation – CNBC 10/4/2012

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9-year-old with autism arrested for assault after police called to classroom

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“The school called in a police officer to deal with him. In an attempt to pull Roger off a wall, the officer pulled the boy by his arms and legs, causing him to hit his eye on the divider, Kirchner said. The officer then tried to restrain the boy when Roger swung around and kicked the officer in his nose.  He was handcuffed and taken to the police station. She had to go to the station to get her son.  Kirchner said she is upset because she recently discussed a plan on how to handle her son if he has an outburst. She believes the plan wasn’t followed and she has concerns that police placed her son in handcuffs before she was ever contacted.”

http://www.connecttristates.com/news/story.aspx?id=805042

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Victims of Police Beat-down Say Video Proves Brutality

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“Police officers are accused of brutally beating two young men and then refusing them medical attention – and the whole incident was recorded on the officers’ video camera.  After responding to a call about a fight, officers found brothers Charles Chappelle and Jahmez Amili walking near the edge of the road. The officers claim that the men were intoxicated, showing erratic behavior, and refusing orders, according to their police report.”

http://www.kait8.com/story/19641158/victims-of-police-beat-down-say-video-proves-brutality

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Jacob G. Hornberger: The Evil of the National-Security State, Part 3

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“A fascinating aspect of Operation Northwoods was the willingness of the Pentagon to sacrifice the lives of innocent people, including American citizens, as part of fake terrorist attacks to justify an invasion of Cuba. The idea, which has always been a guiding principle for the national-security state, especially within both the military and the CIA, was that the end justified the means.  To his credit, Kennedy rejected Operation Northwoods. But that didn’t dissuade the Pentagon and the CIA from continuing to support an invasion of Cuba. As it turned out, the chatter about invading Cuba reached both Cuba and the Soviet Union.”

http://www.fff.org/freedom/fd1206a.asp

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U.S. had early indications Libya attack tied to organized militants

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http://s1.reutersmedia.net/resources/r/?m=02&d=20121003&t=2&i=659324190&w=460&fh=&fw=&ll=&pl=&r=CBRE89202KX00

“Within hours of last month’s attacks on U.S. diplomatic facilities in Benghazi, Libya, President Barack Obama’s administration received about a dozen intelligence reports suggesting militants connected to al Qaeda were involved.  Despite these reports, in public statements and private meetings, top U.S. officials spent nearly two weeks highlighting intelligence suggesting that the attacks were spontaneous protests against an anti-Muslim film, while playing down the involvement of organized militant groups.”

http://www.reuters.com/article/2012/10/03/us-usa-libya-intelligence-idUSBRE89201220121003

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