Tag Archives: Bullshit Artists

Japan Fukushima panel proposals include Tepco breakup

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“The task force of Prime Minister Shinzo Abe‘s Liberal Democratic Party favors reorganizing Tokyo Electric, known as Tepco, by creating a unit within the company to handle the key functions of decommissioning the reactors and cleaning up massive amounts of toxic water, the source said.  The panel will also list the options of breaking that unit off from the listed utility giant or hiving it off as a government-affiliated independent administrative agency, the source said. The amount of taxpayer money to be spent on Fukushima is a matter of fierce debate. An existing special tax for reconstruction from the 2011 earthquake and tsunami that wrecked the Fukushima facility will not be enough.”

http://www.independent.ie/world-news/asia-pacific/japan-fukushima-panel-proposals-include-tepco-breakup-source-29711221.html

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Government claims small gold miners won’t be affected by mercury ban

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“The phasing out and eventual banning of mercury, which is expected to take effect in 2022, will not have a severe impact on small miners and their operations.  This is according to Natural Resources and Environment Minister Robert Persaud. Prior to the signing, local small miners had been nervous about plans to ban the dangerous chemical, stating that there is no immediate and cheaper way to recover gold for its ore. However, he posited that the government did not see the ban having any impact on the mining sector, highlighting that it can only lead to positive benefits for the economy. This approach has been supported by the Guyana Gold and Diamond Miners’ Association.”

http://www.guyanatimesgy.com/?p=35312

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Western Union: bitcoin isn’t ready for international money transfer yet

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“Is bitcoin ready for primetime? Presenters at a recent Western Union conference didn’t think so. At its 2013 Consumer Protection & Compliance Conference last month, executives gave a presentation that said it wasn’t yet suitable for international money transfer.  ‘My audience and the discussion for this slide was about retail consumer money transfer – remittances,’ said Jay Postma, president of MSB Compliance Inc, a company that consults on compliance issues for money service businesses.  Bitcoin holds great promise for payments and settlement transactions, but it’ll take longer for it to catch on in the remittance market, he maintains.”

http://www.coindesk.com/western-union-bitcoin-international-money-transfer/

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NSA pushed 9/11 as key ‘sound bite’ to justify surveillance

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“The National Security Agency advised its officials to cite the 9/11 attacks as justification for its mass surveillance activities, according to a master list of NSA talking points.  The document, obtained by Al Jazeera through a Freedom of Information Act request, contains talking points and suggested statements for NSA officials (PDF) responding to the fallout from media revelations that originated with former NSA contractor Edward Snowden. Invoking the events of 9/11 to justify the controversial NSA programs, which have caused major diplomatic fallout around the world, was the top item on the talking points that agency officials were encouraged to use.”

http://america.aljazeera.com/articles/2013/10/30/revealed-nsa-pushed911askeysoundbitetojustifysurveillance.html

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Congressman: Insurance Cancelation Letters Are “Transition Notices.”

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“The entertainment value of millions of health insurance policy cancellation letters is very great. There is noting quite so entertaining politically as a politician trying to spin his way out of a looming electoral disaster.  Congressman Sander Levin of Michigan has explained to Americans who have received or will soon receive cancellation letters from their insurance companies that these letters are not in fact cancellation notices. They are transition notices. He even refers to these cancellation letters as ‘so-called cancellation notices.’  Congressman Levin is echoing an insurance spokesman from Florida who has also re-named the cancellation notices.”

http://teapartyeconomist.com/2013/10/30/congressman-levin-insurance-cancelation-letters-transition-notices/

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Few Problems With Cannabis for California

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“California’s 17-year experience as the first state to legalize medical marijuana offers surprising lessons, experts say.  Warnings voiced against partial legalization — of civic disorder, increased lawlessness and a drastic rise in other drug use — have proved unfounded.  Instead, research suggests both that marijuana has become an alcohol substitute for younger people here and in other states that have legalized medical marijuana, and that while driving under the influence of any intoxicant is dangerous, driving after smoking marijuana is less dangerous than after drinking alcohol.”

http://www.nytimes.com/2013/10/27/us/few-problems-with-cannabis-for-california.html?_r=0&pagewanted=all

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Fake Windows Painted on Qingdao Residential Complex Buildings

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“October 23rd, Qingdao, the Yichang Meijing [‘Beautiful Scenery’] Residential Neighborhood located at the intersection of Yichang Road and Xinglong No. 1 Road in Qingdao city’s Shibei district is a low-cost high-rise residential complex. On the walls of three buildings near the Yichang Road side, many ‘windows’ were neatly painted, with netizens calling it a modern Ma Liang and His Magic Brush.”

http://www.chinasmack.com/2013/pictures/fake-windows-painted-on-new-chinese-qingdao-apartment-building.html

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The Good News Is That the Bad News about Kansas Was Wrong

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“When Kansas cut its taxes, Oklahoma’s tax consumers predicted fiscal collapse or stress for our neighbors. Various Republican policymakers joined the chorus.  But often, he or she who dares, wins.  Kansas and Oklahoma have taken different courses. In the former, liberty is incrementally advancing. In the latter, government is incrementally advancing. It is not hateful or mean-spirited to say this: These are factual statements. As OCPA’s fiscal policy director Jonathan Small told me: ‘Fundamentally, Governor Brownback and many lawmakers in Kansas have determined they truly believe that more dollars left with their citizens is better than any government spending they may choose.'”

http://www.ocpathink.org/articles/2460

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Too Good to Be True…

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“In the 28 years I’ve worked in the offshore investment arena, I thought I’d heard every possible piece of bad advice clients could get.  But one came up recently that takes the cake.  It’s possible that non-Americans who create such a structure might legally avoid tax liabilities in their home countries. It’s equally possible that Roy thought he could make a killing at Mindy and Ralph’s expense. One thing is for sure. There are a lot of Roys in the offshore world. In the end, it doesn’t matter whether they’re acting out of ignorance or greed. The end result is the same – Roy earns a hefty commission, and the American clients who take his advice get screwed to the wall.”

http://www.nestmann.com/too-good-to-be-true

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Finally, the End of Keynesianism

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“Are you a Keynesian? So many seem to be. Do you really believe that a properly functioning, mathematically literate approach to high finance can salvage what’s left of the financial systems of the US, the West, the entire world?  Top central bankers apparently don’t. Just look at this article excerpt. They’ve retreated from the idea of tapering until 2014 and Peter Schiff was probably correct that they won’t really taper at all because they can’t.  That should put an end to Keynesianism, though probably it won’t. The technocratic meme of money control is the most cherished of all dominant social themes.”

http://www.thedailybell.com/news-analysis/34695/Finally-the-End-of-Keynesianism/

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