Tag Archives: Bullshit Artists

Inevitable Terrorist Attack: Will You Be Manipulated?

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“So-called ‘security experts’ on Fox News are warning of an impending terrorist attack. These ‘insiders’ claim to know things. Maybe so, but…  The last time our so-called security bureaucracy knew enough to stop a terrorist attack, 9-11 happened. In other words…  Their so-called special knowledge didn’t protect anyone. Even worse…  9-11 was used as an excuse to invade Afghanistan and Iraq. Those invasions caused much of the chaos that now dominates the headlines. So here’s the question…  Will you be fooled again? Will you be exploited again?   The next time the politicians want to use some incident to scare you into war, will you fall for it?”

https://secure.downsizedc.org/blog/inevitable-terrorist-attack-will-you-be-manipulated

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Italian economy minister delays goal of repaying state’s commercial debts

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“The Italian state owes some 75 billion euros to private suppliers. The unpaid bills have starved companies of cash and triggered layoffs, factory closures and bankruptcies.  Prime Minister Matteo Renzi promised in March to pay back all the debt arrears by July. Within a week he put back the target date to September.  The government is finding it hard to tackle the problem because of public finance constraints, inefficiency, uncertainty over exactly how much is owed and a reluctance on the part of some public bodies to acknowledge their debts.  Italy is aiming to raise 8-10 billion euros from privatizations over the next two years to help cut its public debt.”

http://www.reuters.com/article/2014/07/06/us-italy-debts-minister-idUSKBN0FB0EB20140706

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The government calls for more subprime lending—then prosecutes it

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“President Obama himself has urged banks to ease lending standards so more people can buy cars and homes. Yet subprime loans carry a stigma because of abuses that occurred during the housing bubble of the early 2000s.  The government is sending mixed messages to banks and consumers. Tight credit has been one of the things holding back spending, prompting Obama and other policymakers to plead for looser lending standards. Yet the government is now threatening to punish banks that lend to less creditworthy consumers. If subprime loans were called second-chance loans or opportunity loans instead, maybe prosecutors would show less interest.”

http://finance.yahoo.com/news/the-government-calls-for-more-subprime-lending%E2%80%94then-prosecutes-it-154829221.html

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Iraq: The ‘Humanitarian Catastrophe’ That Petered Out

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“Even as the professional sob sisters of the War Party were demanding US military action to ‘save’ the Yazidis – an obscure Iraqi religious sect whose historic home on Mount Sinjar, in Kurdistan, was ringed with ISIS jihadis – the Pentagon was saying: ‘Never mind …‘:  ‘Several thousand Yazidis remain on the mountain, a senior United States official said, but not the tens of thousands who originally were believed to be there. Some of the people who remain on Mount Sinjar indicated to American forces that they considered the mountain to be a place of refuge and a home, and did not want to leave, a second United States official said.'”

http://original.antiwar.com/justin/2014/08/14/iraq-the-humanitarian-catastrophe-that-petered-out/

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NYPD commissioner defends “broken window” policing

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“The NYPD has made almost 400,000 arrests in the past year, which is up from 268,000 arrests in 1995, when there were three times as many murders in the city. Bratton defended the increased arrest rate, however, citing a dramatic decrease in state prison populations.  ‘Why? Because the serious crime that would get people sentenced to those facilities is down dramatically. Why? Because we’re stopping the behavior before it becomes more serious,’ Bratton said.  He said he would rather crack down on summonable offenses where people don’t go to jail.  Blacks and Latinos make up 85 percent of drug arrests in New York City when half of the drug users are actually white.”

http://www.cbsnews.com/news/nypd-commissioner-bill-bratton-on-eric-garner-chokehold-arrest-broken-windows-policing/

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A Chokehold Didn’t Kill Eric Garner; Your Disrespect for the NYPD Did

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“If you thought cops killed Eric Garner, you got it wrong. It’s the lack of respect for cops that did.  That’s pretty much the sentiment behind a bizarre press conference held by police unions on Tuesday, in which representatives talked angrily about how nobody in New York loves them anymore.  In their remarks, the reps picked up a fight with the city’s medical examiner, slamming the official autopsy report of Garner’s death as wrong and ‘political,’ and accusing everyone from the mayor, to the media, to civil rights advocates of distorting the truth.  Never mind that even NYPD commissioner Bill Bratton said, after Garner’s death, that the arrest involved what would ‘appear to have been a chokehold.'”

https://news.vice.com/article/a-chokehold-didnt-kill-eric-garner-your-disrespect-for-the-nypd-did

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Don’t buy Russian stocks, White House says in Crimea dispute

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“In an unusual move, the White House recommended that investors avoid Russian stocks as the political rhetoric heated up in the dispute over Moscow declaring Ukraine’s Crimean peninsula part of Russia.  ‘I wouldn’t, if I were you, invest in Russian equities right now, unless you’re going short,’ White House spokesman Jay Carney said, half smiling, at a press briefing.  Stressing that the United States was preparing a new round of sanctions, Carney told reporters that the long-term impact of Russia’s bid to annex the Crimea region of Ukraine would have an impact on Russia’s economy. ‘They will also incur costs because of the sanctions that we and the EU have imposed,’ Carney said.”

http://www.reuters.com/article/2014/03/18/ukraine-crisis-obama-stocks-idUSL2N0MF1WO20140318

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BIS chief fears fresh Lehman from worldwide debt surge

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“Jaime Caruana, head of the Swiss-based financial watchdog, said investors were ignoring the risk of monetary tightening in their voracious hunt for yield.  Mr Caruana said the international system is in many ways more fragile than it was in the build-up to the Lehman crisis. Debt ratios in the developed economies have risen by 20 percentage points to 275pc of GDP since then. Credit spreads have fallen to to wafer-thin levels. Companies are borrowing heavily to buy back their own shares. The BIS said 40pc of syndicated loans are to sub-investment grade borrowers, a higher ratio than in 2007, with ever fewer protection covenants for creditors.”

http://www.telegraph.co.uk/finance/markets/10965052/Bank-for-International-Settlements-fears-fresh-Lehman-crisis-from-worldwide-debt-surge.html

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IMF pronounces Bulgaria’s banks safe, 2 weeks before bank run

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“Earlier this summer, IMF bureaucrats went to Sofia, Bulgaria to study the country’s economic progress.  And roughly a month ago, they released an official report which stated, among other things, that Bulgarian banks are ‘stable and liquid.’  Talk about epic timing. Because less than two weeks later, Bulgaria’s banking system was in the throes of a full-blown crisis.  There was a run on two of the nation’s largest banks—several hundred million dollars had been withdrawn in a matter of hours.  And the Bulgarian central bank had to step in and take over both of them or risk a collapse in the entire system.”

http://www.sovereignman.com/trends/genius-imf-pronounces-bulgarias-banks-safe-just-two-weeks-before-bank-run-14679/

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FCC regulates Internet, but can’t build a website with $450m budget

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“FCC Chairman Tom Wheeler says budget constraints have forced his agency ‘to operate with an IT infrastructure that would be unacceptable to any well-managed business.’ This is why the FCC website has crashed multiple times when inundated by people trying to submit comments on the commission’s network neutrality plan, Wheeler says.  The comments website relies on a backend system created in 1996. To handle the influx of comments, the FCC extended the deadline and set up an e-mail address that could accept comments into the official record.  And it could get worse, as Congress is fighting over whether to cut the FCC’s budget or approve a requested funding increase.”

http://arstechnica.com/information-technology/2014/07/us-agency-that-regulates-internet-service-too-poor-to-build-a-good-website/

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