Tag Archives: False Sense Of Security

Australia Orders More Foreign Homeowners to Sell

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“Several foreign owners of residential property across Australia have been ordered to sell as the government intensifies its crackdown on the abuse of homeownership laws by buyers from China and elsewhere.  Treasurer Joe Hockey said foreign investors have been ordered to sell six properties in the cities of Sydney, Brisbane and Perth.  The treasurer said he expects more divestment orders will be announced soon, and promised to increase penalties for those who break the rules. The conservative government is under pressure to make housing more affordable, and rein in surging investor buying that some fear may push the market to unsustainable levels, causing a crash.”

http://www.wsj.com/articles/australia-orders-more-foreign-homeowners-to-sell-1439024595

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DOJ: Drug Traffickers Easily Circumvented TSA For Years

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“Fourteen people were charged Monday with perpetuating a drug ring that smuggled suitcases full of marijuana onto airplanes, including three baggage handlers at Oakland International Airport.  The handlers allegedly snuck suitcases full of marijuana through special areas off limits to passengers where they could circumvent TSA screening. The handlers then allegedly used their security badges to go through a door to the main terminal area where they would hand off the suitcases to waiting accomplices who would take them as carry on luggage to their destination.  The operation had been running smoothly since as far back as July 2012.”

http://dailycaller.com/2015/05/19/doj-drug-traffickers-easily-circumvented-tsa-for-years/

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TSA contractors charged in drug smuggling scheme at SFO

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“Two TSA security contractors arrested by FBI at San Francisco international airport, along with a third suspect involved in the scheme, face life in prison for smuggling large quantities of methamphetamine through screen points. The two Covenant Aviation Security employees and a smuggler, 28-year-old Anibal Giovanni Ramirez, face a minimum 10 years and a maximum life sentence, and fine of $10 million.  The FBI investigation believed that Ramirez allegedly paid off the two security screeners at SFO, who allowed him to take drug-loaded luggage on a flight to Hawaii. The investigation also believes that the trio used Facebook to arrange the crime.”

http://www.rt.com/usa/238617-tsa-sfo-drugs-arrests/

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After leaf blower scare, security checks now on the bill for movie theaters

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“As many as three men sparked a stampede at the theater by brandishing a leaf blower that some mistook for a chainsaw.  In response, some movie chains in Orange County are beefing up security. Bags are being searched, pre-movie safety messages are aired and, in at least one theater in Southern California, metal detectors are deployed.  Security is an issue for at least some movie fans. A recent survey of moviegoers by the research firm C4 for Variety found about one-third wanted theater lobbies to have both an armed guard and metal detectors. Nearly a third also wanted bags searched.  Law enforcement in Orange County said Monday they are keeping an eye on movie theaters.”

http://www.ocregister.com/articles/theater-676964-movie-people.html

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The Oil Crash Has Caused a $1.3 Trillion Wipeout

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“It’s the oil crash few saw coming, and few have been spared as it erased $1.3 trillion, the equivalent of Mexico’s annual GDP, in little more than a year.  State pension funds and insurance companies have also been hard hit. Investment advisers, who manage the mutual funds and exchange-traded products that are staples of many retirement plans, had $1.8 trillion tied to energy stocks in June 2014, according to data compiled by Bloomberg.  The California Public Employees Retirement System, a $303 billion fund that provides benefits to 1.72 million people, owned a $91.8 million slice of Pioneer Natural Resources Co. in June 2014.  Calpers’ stake has lost about $40 million in market value.”

http://www.bloomberg.com/news/articles/2015-08-04/the-oil-crash-has-caused-a-1-3-trillion-wipeout

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For Norway, Oil at $50 Is Worse Than the Global Financial Crisis

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“When the financial crisis brought the global economy to its knees, Norway was largely unscathed. But oil under $50? That’s another story.  Unemployment peaked at about 3.7 percent in 2010 in the post-crisis aftermath. Falling oil prices already pushed the jobless rate to 4.3 percent in May, the highest in at least 11 years, and that was before a renewed drop in Brent crude.  If the government has to withdraw money from its $875 billion sovereign wealth fund, it will be a historical step. It’s either that, or heavily rein in fiscal spending at a time when the country needs it most.  Taking money from the fund wasn’t planned for at least a few decades and no finance minister wants that to be their legacy.”

http://www.bloomberg.com/news/articles/2015-08-10/for-norway-oil-at-50-is-worse-than-the-global-financial-crisis

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Lessons from the drug raid that burned a Georgia toddler

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“Combined, both cases cost the local governments well over $3 million in settlements. Ayers got $2 million. The toddler’s family got $1 million (which might cover the child’s medical expenses). The alleged drug transaction that led to the investigation ending in Ayers’s death was for $50 worth of cocaine. The transaction that nearly led to the death of the toddler was for $50 worth of meth. A dead pastor, a widowed wife, a fatherless baby, a disfigured toddler, $3 million in settlements, who knows how much money spent on investigations and legal fees . . . all over $100 in alleged drug sales.  The raids will go on. And so will the body count.”

https://www.washingtonpost.com/news/the-watch/wp/2015/07/27/lessons-from-the-drug-raid-that-burned-a-georgia-toddler/

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Drone drops drugs into Ohio prison yard, inmate brawl ensues

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“It’s not quite the drone-delivery business model that Amazon is planning to offer.  But a drone carrying heroin, marijuana, and tobacco dropped its payload over a prison yard crowded with inmates, causing a brief melee before authorities stamped out the brawl with pepper spray, according to ODRC.  Local media reported Tuesday that the July 29 melee at the Mansfield Correctional Institution began moments after a drone let loose with the goods. At least nine inmates began fighting over the package while other inmates rushed toward the brawl.  None of the inmates are believed to have gotten away with the 65.4 grams of marijuana, 6.6 grams of heroin and 144.5 grams of tobacco.”

http://arstechnica.com/tech-policy/2015/08/drone-drops-drugs-into-ohio-prison-yard-inmate-brawl-ensues/

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There’s a Good Chance Your Bank Is Committing a Major Crime Right Now

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“You probably will be very surprised to learn who aided and abetted the drug operation: it was US banking giant Wachovia.  After an investigation that took years, Wells Fargo, which now owns Wachovia, paid a $160 million fine to settle the case. You might also be surprised to hear that Wachovia’s fine wasn’t an isolated case.  Citibank was caught laundering money for a Mexican drug kingpin in 2001.  American Express Bank admitted to laundering $55 million in drug money in 2007.  And the FBI accused Bank of America of helping a Mexican drug cartel hide money in 2012.  You’ve probably never heard these stories before. The big banks pay a lot of money to keep it that way.”

http://www.caseyresearch.com/articles/theres-a-good-chance-your-bank-is-committing-a-major-crime-right-now

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Once a sure bet, taxi medallions becoming unsellable

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“Until recently in America’s big cities, purchasing a taxi medallion—the city-issued license to operate cabs —was about as sound of an investment as they come.  But with the rise of Uber and other ridesharing services, the value of taxi medallions are plummeting, leading cabbies and fleet owners throughout the USA worried that their industry will be decimated if local and state government doesn’t intervene. Charles Goodbar, a Chicago attorney who helps secure loans for medallion owners, said that financing has all but dried up. At the same time, new regulations, as well competition from ridesharing services, has reduced how much fleet owners can lease their vehicles to cabbies.”

http://www.usatoday.com/story/news/2015/05/17/taxi-medallion-values-decline-uber-rideshare/27314735/

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