Monthly Archives: July 2013

American Dream Slipping as Homeownership at 18-Year Low

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“Housing industry and consumer groups are pressing lawmakers to make the American Dream more inclusive by ensuring new mortgage standards designed to prevent another crash are flexible enough that more families can benefit from the recovery. Regulators are close to proposing a softened version of a rule requiring banks to keep a stake in risky mortgages they securitize.  Lawmakers currently shaping housing finance are seeking to reduce the government’s role in keeping rates affordable for riskier borrowers while ensuring homeownership is within reach of minorities and first-time buyers who could be needed to sustain the housing recovery.”

http://www.bloomberg.com/news/2013-07-30/american-dream-erased-as-homeownership-at-18-year-low.html

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Bill Bonner: Price does not tell you all you need to know

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“Economists measure quantity. Alas, life is not all quantifiable. What really matters is quality. Right now, the Fed tries to control prices. But prices are only a part of the picture.  When it comes to art, architecture, music, puppies and women – it’s what strikes the senses that matters…what you see, hear, and feel. But when it comes to your money, what you see is not exactly what you get. Price tells you something. But it doesn’t tell you all you need to know.  Why? We’re so glad you asked…”

http://www.equitymaster.com/dailyreckoning/detail.asp?date=07/31/2013&story=10&title=Price-does-not-tell-you-all-you-need-to-know

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India’s falling GDP growth, financial inclusion and likely impact on Gold

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“Governments have urged public sector banks to take up financial inclusion as a top priority and several initiatives have been taken to take banking to the door steps of the rural households. The lack of a well-developed banking system with sufficient penetration in rural areas could be a major reason for people to invest their savings in gold coins and jewellery. But the introduction of Aadhaar (universal identification system), and linking payment of subsidies through Aadhaar linked bank accounts could in course of time force people to think of alternatives to investing in gold, if they are found to be providing risk free returns.”

http://www.bullionstreet.com/news/indias-falling-gdp-growth-financial-inclusion-and-likely-impact-on-gold/5306

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Eight killed by latest US drone strike in Pakistan

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Eight killed by latest US drone strike in Pakistan
“A US drone attack on a house in the town of Miranshah killed at least 8 people. The 8 were as almost always happens, called terror suspects. The attack happened during the Iftar dinner breaking the Ramadan fast immediately after sunset.  The town is in the North Wasiristan tribal region. Two missiles hit the three room structure.”

http://www.digitaljournal.com/article/355495

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Ron Paul: US money sent to Egypt has been ‘wasteful’

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Ron Paul: US money sent to Egypt has been ‘wasteful’

“Ron Paul joins Fox News’ Neil Cavuto to discuss foreign aid sent to Egypt.”

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J’ACCUSE … !

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“I address you as ‘president’ only as a concession to popular convention. In truth, your claimed authority is a fraud, and your actual status is that of defendant in the matter of the persecution of Bradley Manning. It was clear to all who cared to notice that Manning is no criminal but rather the worthy nemesis of a crime syndicate formally headed by yourself. He was wrongfully arrested, illegally detained without charge for a period far in excess of the legally prescribed maximums, and finally and illegally put on trial not for his alleged criminal acts but for exposing your crimes and the crimes of your gang, ‘the government of the United States.'”

http://c4ss.org/content/20576

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Michael Hastings: my friend and his enemies

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“When Michael spoke to an annual gathering of military reporters in November 2010, he got few congratulations for writing unquestionably the most consequential piece of war reporting that year, and a lot of hostility instead. Michael could give it right back. His journalist critics were hopelessly compromised Washington pseudo-reporters, he railed, slavishly devoted to the access he considered himself to scorn. It was in this manner that Michael and his critics would forever talk past each other.  But Michael didn’t start it; they started it. And Michael had thick skin for someone so relentlessly vilified as arrogant.”

http://www.theguardian.com/commentisfree/2013/jun/19/michael-hastings-friend-enemies

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‘Find a safe haven,’ father tells Snowden in Russia

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“‘Edward, I hope you are watching this. Your family is well. We love you. We hope you are healthy, we hope you are well, I hope to see you soon, but most of all I want you to be safe. I want you to find a safe haven,’ Lon Snowden said in an interview broadcast on Rossiya24 channel.  In the interview dubbed into Russian, Lon Snowden said he hoped his son would return home one day. But he said that events over the past few weeks suggested that there were no guarantees of a fair trial in the United States, and that he therefore agreed with his son’s decision to remain in Russia.”

http://www.rawstory.com/rs/2013/07/31/find-a-safe-haven-father-tells-snowden-in-russia/

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Snowden Is No Traitor: 55% to 34%

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“In a massive shift in attitudes, voters say 45 – 40 percent of the government’s anti-terrorism efforts go too far in restricting civil liberties, a reversal from a January 14, 2010 survey, when voters said 63 – 25 percent that such activities didn’t go far enough. Almost every party, gender, income, education, age and income group regards Snowden as a whistle-blower rather than a traitor. The lone exception is black voters, with 43 percent calling him a traitor and 42 percent calling him a whistle-blower. There is a gender gap on counter-terrorism efforts as men say 54 – 34 percent they have gone too far and women say 47 – 36 percent they have not gone far enough.”

http://teapartyeconomist.com/2013/07/31/snowden-is-no-traitor-55-to-34/

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Glenn Greenwald Tears Into Toobin Over Manning, Snowden

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Glenn Greenwald Tears Into Toobin Over Manning, Snowden

“Guardian journalist Glenn Greenwald faced off against CNN legal analyst Jeffrey Toobin over the sentencing of ex-Army private Bradley Manning and his acquittal on the charge of ‘aiding the enemy.’  Greenwald brought up Pentagon Papers whistleblower Daniel Ellsberg and people who exposed Bush administration scandals, telling Toobin that if he’s going to make all these assertions about what whistleblowers shouldn’t do, ‘you’re essentially calling for the end of investigative journalism.'”

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