White House leans on industry for bottled water push

“First Lady Michelle Obama is launching her new Drink Up initiative at an event Thursday in Watertown, Wisconsin.  According to the White House, the American Beverage Association and International Bottled Water Association are both promoting the effort. The two associations are the major lobbying forces inside the Beltway for both the bottled water and beverage association.  According to the visitor’s logs, one of the American Beverage Association’s lobbyists, Susan Neely, visited the White House several times. The American Beverage Association is a lobbying heavyweight that has spent $680,000 so far in 2013. The bottled water association has spent $60,000 so far in 2013.”

http://www.politico.com/politico44/2013/09/white-house-leans-on-industry-for-water-push-172501.html

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The CFR: The Go-To Organization for Government Tools Ready to Cash In

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“Mervyn King, former governor and chief economist for the Bank of England, joins the Council on Foreign Relations this month as a distinguished visiting fellow.  ‘We are excited and honored to have someone of Mervyn King’s experience and stature join us here at the Council on Foreign Relations,’ said CFR President Richard N. Haass. ‘Governor King strengthens our ability to assess financial balance and practical problems.’ King is the second former central bank governor to recently join CFR. Stanley Fischer, former governor for the Bank of Israel and a former senior official with the IMF and the World Bank, also became a distinguished fellow earlier this month.”

http://www.economicpolicyjournal.com/2013/09/the-council-on-foreign-relations-has.html

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Government consumer credit card data-mining program challenged

“Consumer Financial Protection Bureau officials are seeking to monitor four out of every five U.S. consumer credit card transactions this year — up to 42 billion transactions – through a controversial data-mining program, according to documents obtained by the Washington Examiner.  In addition, CFPB officials hope to monitor up to 95 percent of all mortgage transactions, according to the planning document.  CFPB Director Richard Cordray defended the data-mining practice and said his agency is monitoring credit card usage at 110 banks, including Morgan Chase, Bank of America, Capital One, Discover and American Express.”

http://m.washingtonexaminer.com/cfpbs-data-mining-on-consumer-credit-cards-challenged-in-heated-house-hearing/article/2535726

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Apple: iPhone Fingerprint Reader Means Government Business

“In October 2012, U.S. Immigration and Customs Enforcement – ICE, announced a major iPhone win for a high security government agency.  The contract was for iPhone services sourced through various carriers with a total award value of $2.1 million, covering 17,676 users. I expect to see more and more government iPhone contracts, especially if the new phone launch focuses on security. In February of this year Apple landed a major contract with the New Zealand police, for an estimated $159M over the next 10 years. The contract provides 6,000 users with an iPhone, and 3,900 with an iPad as well.  The TSA in May 2012 also released a contract for purchasing up to 1,000 handheld Apple devices.”

http://seekingalpha.com/article/1668562-apple-iphone-fingerprint-reader-means-government-business

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Prison Phone Call Industry Will Fight New FCC Rules Lowering Inmate Rates

“After a decade of delay, the FCC voted 2-1 in August to set maximum rates for collect and prison debit card calls. The new maximum rate for a collect call will be 25 cents a minute — still far above the average for a traditional landline, but a serious reduction.  In an interview with The Huffington Post, the CEO of the second-largest company in the $1.2 billion a year industry said he will go to court to stop the still-unreleased rules if they are issued as described in an FCC press release. He also lashed out at the industry’s critics. After a decade-long period of consolidation and mergers in the industry, Securus and another company, Global-Tel-Link, control 80 percent of the prison phone call market.”

http://www.huffingtonpost.com/2013/09/09/prison-phone-call-fcc_n_3894556.html

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Rite Aid joins promotion effort for Obamacare

“Department of Health and Human Services Secretary Kathleen Sebelius made the announcement Monday alongside Rite Aid CEO John Standley in New Jersey, where the feds will operate the health insurance exchange after Gov. Chris Christie rejected creating a state-run one. CVS Caremark in July announced plans to inform uninsured customers about the law. CVS pharmacies will host trained ‘navigators,’ who are funded by the health law to educate people about their coverage options. Walgreens also announced plans over the summer to team up with the Blue Cross Blue Shield Association to educate customers in its stores.”

http://www.politico.com/story/2013/09/rite-aid-health-care-obamacare-96504.html

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Yahoo CEO Marissa Mayer defends tech company NSA cooperation

“Mayer said she was ‘proud to be part of an organisation that from the beginning, in 2007, has been sceptical of – and has been scrutinizing – those requests [from the NSA].’  Yahoo has previously unsuccessfully sued the foreign intelligence surveillance (Fisa) court, which provides the legal framework for NSA surveillance. In 2007 it asked to be allowed to publish details of requests it receives from the spy agency. ‘When you lose and you don’t comply, it’s treason,’ said Mayer. ‘We think it make more sense to work within the system,’ she said.  The meeting came as Yahoo and Facebook filed suits once more to force the Fisa court to allow them to disclose more information.”

http://www.rawstory.com/rs/2013/09/11/yahoo-ceo-marissa-mayer-on-nsa-data-requests-you-dont-comply-its-treason/

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‘Legitimate Wiretapping’

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“Russian spy agencies want easier access to all Skype conversations, notes Doug Valentine. Who can doubt the CIA, FBI, NSA, and the rest of the alphabet from Hell already have access from Bill Gates, the oligarch whose company Microsoft owns Skype? Now Bill wishes Obama could be even more of a dictator, adds Travis Holte, so the corporate state can crony-subsidize the plutocrats even more than it does now. And, Travis notes. Gates is openly anti-free marketHis preferences should be enforced at the point of a government gun.”

http://archive.lewrockwell.com/blog/lewrw/archives/133831.html

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David Stockman on his Book and the Bailouts

“The panic and bailouts that followed were really about protecting the bonuses and incomes of very wealthy and politically well-connected managers at banks and other heavily leveraged businesses that were eventually deemed too big to fail. What followed was a massive transfer of wealth from the taxpayers and middle-class savers, in the form of bailouts and zero interest rates on bank deposits imposed by the Fed, to the so-called One Percent.  As I show in my book, none of this was necessary to save the larger economy, since the losses that would have taken place as a result of the collapse would have been largely limited to Wall Street.”

http://www.mises.org/daily/6521/David-Stockman-on-his-Book-and-the-Bailouts

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Bill Bonner: Where did the US$ 700 billion go?

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“You remember TARP? It was the feds’ $700 billion program to rescue the US economy from a correction. Neil Barofsky was in charge of it. So we decided to go down and ask him how it turned out:  ‘[..] What did they do with the money? They were supposed to increase lending so as to help bring about a recovery. None of them did that. Instead, they used it to repay each other’s loans. In other words, they used it to reduce the amount of credit available…not increase it. And they bought US agency bonds…just as you’d expect. And they paid out their bonuses. In other words, they looked out for themselves…just as you’d expect.'”

http://www.equitymaster.com/dailyreckoning/detail.asp?date=05/16/2013&story=1&title=Where-did-the-US-700-billion-go

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