Thursday, February 13, 2014

JPMorgan Vice President’s Death in London Shines a Light on the Bank’s Close Ties to the CIA

JPMorgan Vice President’s Death in London Shines a Light on the Bank’s Close Ties to the CIA

By Pam Martens and Russ Martens: February 12, 2014
The nonstop crime news swirling around JPMorgan Chase for a solid 18 months has started to feel a little spooky – they do lots of crime but never any time; and with each closed case, a trail of unanswered questions remains in the public’s mind.
Just last month, JPMorgan Chase acknowledged that it facilitated the largest Ponzi scheme in history, looking the other way as Bernie Madoff brazenly turned his business bank account at JPMorgan Chase into an unprecedented money laundering operation that would have set off bells, whistles and sirens at any other bank. http://wallstreetonparade.com/2014/02/jpmorgan-vice-president%E2%80%99s-death-in-london-shines-a-light-on-the-bank%E2%80%99s-close-ties-to-the-cia/

Fla. trooper who stopped cop sues after harassment

Florida Highway Patrol Trooper Donna Jane Watts was on routine patrol early one morning when a Miami police car whizzed past at speeds that would eventually top 120 mph. Even with her blue lights flashing and siren blaring, it took Watts more than seven minutes to pull the speeder over.
Not certain who was behind the wheel, she approached the car warily, with gun drawn, according to video from her cruiser's dashboard camera. "Put your hands out of the window! Right now!" she yelled. It turned out the driver was Miami Police Department officer Fausto Lopez, in full uniform. Watts holstered her gun but still handcuffed him and took his weapon.
"I apologize," Lopez said, explaining that he was late for an off-duty job.
"You were running 120 miles an hour!" Watts barked back.
That October 2011 confrontation made national headlines and eventually got Lopez fired. But Watts' actions involving a fellow officer didn't sit well with many in law enforcement, and not long after she made that traffic stop, she says, the harassment began. Random telephone calls on her cell phone. Some were threats and some were prank calls, including orders for pizza. Unfamiliar vehicles and police cars sat idling in her cul-de-sac. She was afraid to open her mailbox.
Watts suspected her private driver's license information was being accessed by fellow officers, so she made a public records request with the Department of Highway Safety and Motor Vehicles. It turned out she was right: over a three-month period, at least 88 law enforcement officers from 25 different agencies accessed Watts' driver's license information more than 200 times, according to her lawyer. Law enforcement officers have long been known to band together and protect each other, but Watts said in her lawsuit that these actions went too far.
Watts is suing those police agencies and the individual officers under the federal Driver Privacy Protection Act, a 1994 law that provides for a penalty of $2,500 for each violation
http://news.msn.com/crime-justice/fla-trooper-who-stopped-cop-sues-after-harassment

Winter Storm Blasts East Coast, Cuts Power to More Than 50000

News for winter storm

  1. The Weather Channel ‎- 47 minutes ago
    Winter Storm Pax will continue to impact the Northeast, including the heavily populated I-95 corridor, Thursday into early Friday. There will likely be widespread ...
  1. CBS Local‎ - 42 minutes ago

French court awards damages to Michael Jackson fans for 'emotional suffering' from star's death

Five Michael Jackson fans have been awarded one euro each by a French court for the "emotional damage" they suffered after the pop star's death.
The case saw 34 fans sue Jackson's doctor, who was jailed in 2011 for the involuntary manslaughter of the singer.
The court in Orleans ruled five fans had proven emotional suffering.
Conrad Murray served two years of a four-year term for administering a lethal dose of an anaesthetic drug to Jackson and was released in October.
Last month a US court rejected a bid by Murray to have his conviction for involuntary manslaughter overturned.
Symbolic damages The five claimants - two from France, two from Switzerland and one from Belgium - were all members of the French-based Michael Jackson Community fan club.
Their lawyer said they had proven their suffering "with the help of witness statements and medical certificates."
"As far as I know this is the first time in the world that the notion of emotional damage in connection with a pop star has been recognised," Emmanuel Ludot told the AFP http://www.bbc.co.uk/news/world-europe-26141075

Thursday, September 19, 2013

The Taper That Wasn’t

By:
Peter Schiff

Wednesday, September 18, 2013
The Fed’s failure today to announce some sort of tapering of its QE program, despite the consensus of an overwhelming percentage of economists who expected action, once again reveals the degree to which mainstream analysts have overestimated the strength of our current economy. The Fed understands, as the market seems not to, that the current “recovery” could not survive without continuation of massive monetary stimulus. Mainstream economists have mistaken the symptoms of the Fed’s monetary expansion, most notably rising stock and real estate prices, as signs of real and sustainable growth. But the current asset price bubbles have nothing to do with the real economy. To the contrary, they are setting up for a painful correction that will likely be worse than the one we experienced five years ago.

Given the strong anticipation for a taper announcement, today’s relief rally should come as no surprise. However, the Fed’s inaction should be perceived by many as an admission that the economy is fundamentally weak. Once that possibility takes hold, today’s euphoria is likely to dissipate. Perhaps the Fed’s inaction may cause many to wonder if the economy is not as strong as they believed. This could ultimately lead to an even bigger sell off than what we would have seen today if the Fed had come through with a taper announcement.

A major factor in the current “recovery” is the confidence that has been created by rising stock and real estate prices. On Wall Street confidence can become a self-fulfilling prophecy. If the Fed were to make its fears more explicit that confidence could drift away. As a result, I believe that they chose a path of continuous obfuscation. But in so doing they lost control of the message.
The Fed knows that the appearance of economic health would evaporate if stimulus were withdrawn. But like Jack Nicholson in A Few Good Men, it also knows that the markets can’t handle the truth.
more

AFP