Category Archives: Uncategorized

DOJ, FBI admit they inflated claims about mortgage fraud crackdown last year

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“The Justice Department and FBI have quietly acknowledged they grossly overstated the scope of a mortgage fraud crackdown, which the administration heralded with much fanfare a few weeks before last year’s presidential election. The DOJ and FBI had long been dogged by claims that their numbers were inflated. Bloomberg has been reporting since October that the cases cited by Holder included charges filed during the George W. Bush administration.  Bloomberg continued to press for clarification. The administration went dark on the issue until Friday, when the FBI acknowledged in a memo that it had conducted an ‘extensive review’ and found problems.”

http://www.foxnews.com/politics/2013/08/14/doj-fbi-admit-inflated-claims-about-mortgage-fraud-crackdown-last-year/

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Harvard’s Rogoff: Next Fed Chief Must Have ‘Tolerance for Inflation’

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“Harvard University Professor Kenneth Rogoff, whose influential 1985 paper endorsed central bankers focused more on securing low inflation than on spurring employment, is highlighting the benefits of a Fed led by either Janet Yellen or Lawrence Summers precisely because they fail his old litmus test. President Barack Obama said Aug. 9 that they are ‘outstanding’ and ‘highly qualified’ candidates to replace Ben S. Bernanke, whose term as chairman runs out in January. What qualifies them in Rogoff’s view is their dovishness, a refusal to place too much weight on stable inflation at a time when unemployment is far above its longer-run level.”

http://www.bloomberg.com/news/2013-08-12/rogoff-saying-this-time-different-calls-for-reflation-economy.html

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How the Fed Goes Bust With Richard Ebeling

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How the Fed Goes Bust With Richard Ebeling

“Little ink has been spilled about the Austrian economists, such as Friedrick Hayek, Ludwig von Mises and Murray Rothbard. So we’ve taken it upon ourselves to interview someone who knew two of them personally. Bob speaks with Richard Ebeling, economics professor at Northwood, about quantitative easing and the future of Bernanke’s so-called ‘exit.’ Then Perianne explores US aid to Egypt and the problems with doling out money to foreign groups. Finally Bob duels Prime Interest regular, Sam Sacks on the BP oil settlement and intellectual property rights.”

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5 Myths Used to Justify Death By Drone and America’s Assassination Policy

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“America’s never-ending war on terrorism is almost always depicted in the mainstream media as a military and intelligence agency fight on a global battlefield. But it is also a propaganda war where the public is fed inaccuracies from Washington, especially when it comes to overseas killings by U.S. military drones. Here are five myths perpetuated by the military and its weapons makers that seek to make Americans feel good about drones and the White House’s policy of targeted assassinations.”

http://www.alternet.org/world/5-big-myths-used-justify-death-drone-and-americas-imperial-assassination-policy?paging=off

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Unemployment Rate for Workers With a Bachelors Degree or Higher

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“College graduate and out of work? You are not alone.”

http://www.economicpolicyjournal.com/2013/08/unemployment-rate-for-workers-with.html

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Air Force claims budget cuts force shutdown of 1960s-era space surveillance system

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“The U.S. Air Force will shut down its space surveillance system that tracks satellites and other orbiting objects by October 1 due to budget constraints caused by automatic federal budget cuts known as the sequestration, it announced Monday. Commander of the Air Force Space Command, General William Shelton, said the 1961 system was outmoded and that newer technology will provide more accurate observations. Shelton said a new Space Fence is being planned now, which will provide more precise positional data on orbiting objects and would become the most accurate radar in the Air Force’s space surveillance network.”

http://www.rawstory.com/rs/2013/08/12/u-s-air-force-to-shut-down-space-surveillance-system-over-budget-cuts/

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Intelligence director introduces group to review NSA privacy issues

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“US intelligence director James Clapper introduced a review group Monday that will assess whether the right balance is being struck between national security and personal privacy. The group will assess whether the US ‘optimally protects our national security and advances our foreign policy while appropriately accounting for other policy considerations,’ the Office of the Director of National Intelligence (ODNI) said in a statement. The body is required to brief the president on its findings within 60 days and provide a final report with recommendations no later than December 15, according to ODNI.”

http://www.rawstory.com/rs/2013/08/12/intelligence-director-introduces-group-to-review-nsa-privacy-issues/

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Deputies suspended over violence while serving a $1,000 civil warrant at 1:13 AM

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“The video shows a group of eight deputies entering Nantania Griffin’s home around 1:13 a.m. on July 26 to serve a civil warrant for failing to pay a $1,000 debt. Her sons secretly recorded the encounter on their phones and posted it online. Griffin and her family allegedly refused to let the deputies into the home for 30 minutes while telling them they had done nothing wrong. ‘You acted like a 2-year-old, so we treated you like a 2-year-old,’ one of the deputies can be heard saying in the video. Griffin’s son, Donovan Hall, told WSB that deputies kicked him in the head and that one hit him in the face with the butt of his gun.”

http://www.rawstory.com/rs/2013/08/12/georgia-deputies-suspended-over-violence-while-serving-a-1000-civil-warrant/

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300 Tons a Day of Radioactive Water From Fukushima Pours Into Ocean

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“Officials in Japan hid the fact that the Fukushima nuclear plant has been pouring hundreds of tons of nuclear waste water into the ocean every day and that a containment barrier has been breached.  There is no credibility from TEPCO or the Japanese government on the extent of the real disaster, its effects, the ultimate cleanup costs, or how many years fish in the area will be contaminated. In addition, contaminated fish may turn up anywhere within their normal swimming range with obvious implications.”

http://globaleconomicanalysis.blogspot.com/2013/08/300-tons-day-of-nuclear-waste-from.html

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How Goes the Global War on Terror?

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“The U.S. military and the CIA are good at deposing dictators and wrecking countries. They are bad at defeating an operation like al Qaeda. Their incompetence is matched only by that of the government that has set the war policies and determined grand strategy. How’s the GWOT going in America? Americans are the losers. The cost of the wars in Iraq, Afghanistan and Pakistan is anywhere from $2.4 trillion to $4 trillion. Civil liberties have been curtailed. Police have been militarized. Privacy has deteriorated. A police state apparatus has been installed. Economic progress has vanished.”

http://www.lewrockwell.com/2013/08/michael-s-rozeff/how-goes-the-global-war-on-terror/

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