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Is Bilderberg a conference on world affairs
or a powerful global cabal?
Depends on who you ask.
By Annie Gowen - WashingtonPost.com
A dull office park near Dulles International Airport took on the sheen of a Hollywood thriller this week, when an invitation-only cadre of global leaders gathered for a secretive meeting known as the Bilderberg conference.
Henry Kissinger and Bill Gates were chauffeured in. Fairfax County police established a security perimeter around the Westfields Marriott and prohibited a Washington Post photographer from snapping pictures from a public street.
Elite Plan One World Bank at Bilderberg Confab
Around 150 of the world's elite approached the grounds of a suburban Virginia hotel on Thursday for the first day of the 2012 Bilderberg Conference, but also on hand were throngs of protesters who gathered to oppose the top-secret gathering. Journalists and critics of the annual clandestine conference stationed themselves outside of a Chantilly, Virginia Marriott hotel near Washington, DC early Thursday to catch a glimpse of the government officials, entrepreneurs, and other assorted members of the privileged elite who had gathered for this year's event.
Bilderberg 2012: guess who's coming to dinner
In Charlie Skelton's latest, a surprise guest slips into Bilderberg, and gets a warm reception from the 'Golden Bullhorn'
by Charlie Skelton - Guardian.co.uk
Yesterday at 4pm a limousine with a police motorcade entered the rear entrance of the Bilderberg hotel. Heavy security, heavyweight politician. Let the guesses commence: was it Romney getting the green light for the presidency? Was it Hilary, nipping in to sign off on Iran?
4pm – time to freshen up, before a mix and mingle over cocktails, and a place at the top table for an extremely noisy dinner. The noise was courtesy of the Bilderberg bullhorn disco – an iTunes playlist, blasted out at the hotel.
Max Keiser on Bilderberg and the global financial crisis
Infowars correspondent Patrick Henningsen talks with top financial guru Max Keiser in London about this week's Bilderberg meeting in Chantilly and how they factors into the current global financial meltdown.
Acceleration Of Financial Meltdown Can't Be Stopped
From International Banker Friend - SteveQuayle.com
The Iron boot has been firmly planted to the pedal of this runaway tractor trailer that is heading off the cliff. All of the Euro banks including my former associates at the Royal Bank of Scotland (RBS) are all prepped and ready for the Euro collapse. What we in the inside are calling "Spanish Flue" is now running hot with temperatures that are setting ten year yields sky high. What many do not realize is that Bankia's demise has started a breach in all the firewalls and safety measures that are in place in the Eurozone. This had an immediate effect on the Italian markets as you can now see the pandemonium that is there.
We keep hearing reports of massive bank runs that are occurring across many of the PIIGS but is not just limited to them. As I stated many times the UK and France are the most vulnerable to the Eurozone collapse, many of their populace are cashing out of their equities though there is a massive media blackout about this. European contacts report that there is a flight to German bonds, UK and a mass migration to the US dollar. But these currency life preserver jumps will not help as the contagion in all FIAT markets are affected. It is a game of hot potato that the investors are playing, jumping from one asset to the next and again before the one that they just jumped to burns. A juggling act with fire that cannot be quenched. Gold jumped over $40, it is telling us something.
Bilderberg Plot JFK Like End to Ron Paul!
During a heated conversation in the lobby of the Westfields Marriott hotel yesterday, Bilderberg members expressed their desire to see Ron Paul die in a plane crash, according to veteran journalist Jim Tucker's inside source.
The Bad Jobs Report Is Just A Very Small Taste
Of The Nightmare That Is Coming
By Michael Snyder - TheEconomicCollapseBlog.com
Another month, another bad jobs report. For the month of May, the U.S. economy only added 69,000 jobs and the unemployment rate rose to 8.2%. Many are calling this a total "disaster" and are worried that the U.S. economy could be headed back into another recession. Economists had been expecting 150,000 payroll jobs would be added, so the 69,000 number really shocked a lot of people. The truth is that the economy needs to add approximately 125,000 new jobs every single month just to keep the unemployment rate steady. So yes, this bad jobs report is not welcome news at all - especially for the Obama administration. When Barack Obama first took office the unemployment rate was sitting at 7.6 percent and now it is sitting at 8.2 percent. Some "recovery", eh? But the reality is that this jobs report was really not that "devastating" even though the stock market had itsworst day of the year. Unemployment in America is still about at the same level as it was back at the beginning of 2012. The tough stretch that we are going through right now is only a very small taste of the economic nightmare that is on the horizon. If you think that things are a "disaster" right now, just wait until you see what is coming.
BIS warns global lending
contracting at fastest pace since 2008 Lehman crisis
International lending is contracting at the fastest pace since the onset of the financial crisis in 2008 as Europe's banks scramble to meet tougher rules.
By Ambrose Evans-Pritchard - Telegraph.co.uk
The Bank for International Settlements (BIS) said cross-border loans fell by $799bn (£520bn) in the fourth quarter of 2011, led by a broad retreat from Italy, Spain and the eurozone periphery.
Lending to banks in the eurozone fell $364bn or 5.9pc, with drastic reductions of 9.8pc in Italy and 8.7pc in Spain.
The BIS's quarterly report said the decline in lending was "largely driven by banks headquatered in the euro area facing pressures to reduce their leverage".
George Soros says Germany
has three months to save the eurozone
George Soros, the billionaire investor, has warned Germany it has three months to save the eurozone or risk the destruction of the European Union and a "lost decade".
By Angela Monaghan - Telegraph.co.uk
Speaking at a conference in Italy Mr Soros said the eurozone's fate lay firmly with Germany, which he urged to agree to measures which would help the region's ailing banking system and ease borrowing costs among the most troubled member states.
"In my judgment the authorities have a three months' window during which they could still correct their mistakes and reverse the current trends," he said.
As Soros Starts A Three Month Countdown
To D(oom)-Day, Europe Plans A New Master Plan
Submitted by Tyler Durden - ZeroHedge.com
What would the weekend be without at least one rumor that Europe is on the verge of fixing everything, or failing that, planning for a master fix, ORfailing that, planning for a master plan to fix everything. Sure enough, we just got the latter, which considering nobody really believes anything out of Europe anymore, especially not something that has not been signed, stamped and approved by Merkel herself, is rather ballsy. Nonetheless, one can't blame them for trying: "The chiefs of four European institutions are in the process of creating a master plan for the euro zone, the daily Die Welt reports Saturday, in an advance release of an article to be published Sunday. Suggestions targeting a fiscal, banking, and political union, as well as structural reforms, are being worked out by E.U. Council President Herman van Rompuy, E.U. Commission chief Jose Manuel Barroso, Eurogroup Chairman Jean-Claude Juncker and European Central Bank President Mario Draghi, according to the article. The plan is to be presented at a summit of European leaders at end of June, the article says."
Europe mulls major step towards "fiscal union"
By Noah Barkin and Daniel Flynn
BERLIN/PARIS (Reuters) - When Jean-Claude Trichet called last June for the creation of a European finance ministry with power over national budgets, the idea seemed fanciful, a distant dream that would take years or even decades to realize, if it ever came to be.
One year later, with the euro zone's debt crisis threatening to tear the bloc apart, Germany is pushing its partners for precisely the kind of giant leap forward in fiscal integration that the now-departed European Central Bank president had in mind.
The week that Europe stopped pretending
The euro has essentially broken down as a viable economic and political undertaking. The latest rush of events reeks of impending denouement.
By Ambrose Evans-Pritchard - Telegraph.co.uk
Switzerland is threatening capital controls to repel bank flight from Euroland. The Swiss two-year note has fallen to -0.32pc, not that it seems to make any difference.
Denmark's central bank said it was battening down the hatches for a "splintering" of EMU. It has cut interest rates twice in a matter or days and pledged to do whatever it takes to stop euros flooding into the country. Contingency plans are on the lips of officials in every capital in Europe, and beyond.
Stiglitz: ECB Can Do 'a Lot More' on Crisis
By: Shai Ahmed - CNBC.com
The European Central Bank has the ability to do more to tackle to the euro zone's debt crisis than it has been doing, Nobel Laureate and Professor at Columbia University Joseph Stiglitz told CNBC's "Worldwide Exchange" Friday.
"The ECB has the tools to do more than it has been doing. European governments have the first obligation but in the absence of that the ECB has the ability to do a lot more than it had been doing," Stiglitz said.
Stiglitz won the Nobel prize for economics in 2001.
10 Things That We Can Learn About Shortages
And Preparation From The Economic Collapse In Greece
By Michael Snyder - TheEconomicCollapseBlog.com
When the economy of a nation collapses, almost everything changes. Unfortunately, most people have never been through anything like that, so it can be difficult to know how to prepare. For those that are busy preparing for the coming global financial collapse, there is a lot to be learned from the economic depression that is happening right now in Greece. Essentially, what Greece is experiencing is a low level economic collapse. Unemployment is absolutely rampant and poverty is rapidly spreading, but the good news for Greece is that the global financial system is still operating somewhat normally and they are getting some financial assistance from the outside. Things in Greece could be a whole lot worse, and they will probably get a whole lot worse before it is all said and done. But already things have gotten bad enough in Greece that it gives us an idea of what a full-blown economic collapse in the 21st century may look like. There are reports of food and medicine shortages in Greece, crime and suicides are on the rise and people have been rapidly pulling their money out of the banks. Hopefully this article will give you some ideas that you can use as you prepare for the economic chaos that will soon be unfolding all over the globe.
Everything is Getting Gummed up in Greece
By Wolf Richter - ZeroHedge.com
Tourism, Greece's second largest industry after the shipping industry, and already in a downdraft, is taking another hit as tour-bus drivers will go on strike next week; wage negotiations have deadlocked. Owners demand that drivers take an additional 50% cut in pay and benefits on top of the 20% cut they've already suffered.
The National Organization for Healthcare Provision (EOPYY), Greece's state-owned health insurer, hasn't paid pharmacists for months and owes them €540 million. In turn, pharmacists are refusing to sell medications to insured patients, including cancer patients, unless they're paid in cash—and even hospitals are reporting shortages.
Spanish rescue draws closer as Cyprus buckles
Spain's ruling party has begun to crack under pressure, signalling for the first time that the country may need a European rescue to shore up its banking system.
By Ambrose Evans-Pritchard - Telegraph.co.uk
"A bail-out would not be the apocalypse," said José María Beneyto, foreign affairs spokesman in Spain's parliament. "You have to live with it. We have got to escape this or we'll go mad worrying about bonds spreads."
Mr Benyeto accepted that it would mean cuts in salaries and pensions dictated by a Troika from the EU, the European Central Bank and the International Monetary Fund. "Portugal is living with it relatively passively, and Ireland, too," he said.
Spain is in 'total emergency', the EU in total denial
After a Spanish exit from the euro,
there would be nothing left to exit from.
By Janet Daley - Telegraph.co.uk
I've never actually heard the term "total emergency" before, at least not in the context of global economics. It sounds like the title of a disaster movie. When it is uttered in sober tones by the elder statesman of an advanced democracy to describe his country's financial condition, the effect is rather startling.
The man who delivered this apocalyptic judgment, former Spanish prime minister Felipe González, being a socialist, might be expected to detest austerity programmes that require cuts to government spending. But there seemed to be few disinterested observers of Spain's economy prepared to quibble with his assessment.
Keiser Report: Plankton of Fraud (E296)
In this episode, Max Keiser and co-host, Stacy Herbert, discuss the plankton of accounting fraud welcoming Jamie Dimon to the club. In the second half of the show Max talks to Simon Rose of SaveOurSavers.co.uk about the price of money and the central planning of the Bank of England
A Chinese Bank Run?
by Tyler Durden - ZeroHedge.com
The balance sheet recession that seems to have correctly diagnosed the problem facing Japan (and now Europe and the US) - explicitly causing debt minimzation as opposed to profit maximization - seems to be taking hold. However, it appears this death-knell for credit-created growth is now being seen in China - as AlsoSprachAnalyst interprets "people are not borrowing, but selling assets to pay down debts, and/or holding cash". What is most worrisome is that while the focus of the world has been on European bank runs (for fear of bank failure and redenomination risk), 21st Century Business Herald now notes that these bank runs have spread to China's industrial and construction-heavy city of Wuyishan.Queues were seen on various branches of China Construction Bank, Agricultural Bank of China, and Industrial and Commercial Bank of China.
Investors Position for a Synchronized Global Slowdown
By: Mohamed El-Erian - CNBC.com
The insufficient job creation, stagnant earnings and alarming long-term unemployment highlighted by May's disheartening jobs report underscore America's persistent unemployment crisis. The numbers also speak to a synchronized slowdown that is now taking hold of the global economy — a phenomenon that is being signaled by virtually every other data release out of Europe, the U.S. and emerging countries.
The realization of lower global growth, together with increasing financial instability in some parts of the world (particularly Europe), is an important driver of the recent sharp selloff in equities and other risk assets. It has also turbocharged the collapse in yields on higher quality government bonds, with the 10-year U.S. bond at a record close of 1.46% on Friday (and Germany even lower).
Fed's Kocherlakota: No comment on policy, economy
(Reuters) - The head of the Federal Reserve Bank of Minneapolis did not comment specifically on current monetary policy or the U.S. economy on Sunday, according to his prepared comments.
Narayana Kocherlakota, speaking at the Financial Intermediation Research Society Conference in Minneapolis, instead gave a lecture in which he stressed the need to use "risk-neutral probabilities" in predicting future economic outcomes and setting policy.
President Obama Has Outspent Last Five Presidents
By ELIZABETH FLOCK - USNews.com
President Obama has shelled out more in federal spending than the five presidents that came before him.
A new chart by the Comeback America Initiative (CAI), a non-partisan group dedicated to promoting fiscal responsibility by policymakers, shows federal spending by president as a percentage of GDP, and it doesn't reflect well on Obama.
"There has been a dramatic increase in spending under the Obama administration," David Walker, Founder and CEO of CAI, told Whispers. "Most of it is attributable to year one of his presidency and the stimulus... but President Obama has continued to take spending to a new level."
Defense contractors raising voices against sequestration
By Marjorie Censer - WashingtonPost.com
Defense contractors are speaking up increasingly loudly against the possibility of mandatory federal budget reductions starting in January, warning that the cuts would take a toll on their businesses.
Robert J. Stevens, chairman and chief executive at Bethesda-based Lockheed Martin, the world's largest defense contractor, said last week that the company might be forced to notify all its employees of the possibility of job losses as early as September or October in advance of the reductions.
'Fear of the Future' Keeps Lid on Economic Growth: Greenspan
By: Jeff Cox - CNBC.com
Investors could revolt at a moment's notice against high government deficit levels, jeopardizing chances at a recovery and potentially sending interest rates soaring, former Federal Reserve Chairman Alan Greenspan told CNBC.
The former central bank leader — nicknamed "The Maestro" by his supporters — said he worries the current economy could be heading on a path similar to 1979, when the 10-year Treasury note was yielding around 9 percent before surging dramatically, gaining 4 percentage points in just a few months.
How the FDIC can curb banks' reckless speculation
By Barry Ritholtz - WashingtonPost.com
Let's be blunt: Banking has devolved into an unruly mess.
After years of deregulation, it has become all but impossible to re-regulate modern banking. There was a brief window during the credit crisis, but that has passed. Today, profits trump soundness. Safety and security are secondary to risk-taking and speculation.
I have been wondering what we, as a democratic nation, are going to do about this. Are we going to rule banks, or are bankers going to rule us?
Debt Up $1.59T Under GOP House—
More in 15 Months Than First 97 Congresses Combined
By Terence P. Jeffrey - CNSNews.com
(CNSNews.com) - The Republican-controlled House of Representatives, which took office in January 2011, has enacted federal spending bills under which the national debt has increased more in less than one term of Congress than in the first 97 Congresses combined.
In the fifteen months that the Republican-controlled House of Representatives--led by Speaker John Boehner--has effectively enjoyed a constitutional veto over federal spending, the federal government's debt has increased by about $1.59 trillion.
US Debt Soars By $54 Billion Overnight,
Closes May At Record $15,770,685,085,364.10
Submitted by Tyler Durden - ZeroHedge.com
There was one thing that the Roller-Upper-Of-Sleeves-In-Chief forgot to mention in his 1 pm rehearsed oratory today: the highlighted number below. And certainly the chart below showing the relative change in US GDP and debt. Since we can only assume the president was too busy pontificating on other very important things, we are happy to fill in the hole.
Treasuries Fall As Indicator Signals Rally May Be Halted
By Wes Goodman - Bloomberg.com
Treasuries declined as a technical indicator showed a rally that pushed yields down to records last week is poised to end.
The 14-day relative-strength index for 10-year Treasury yields fell to 23.3. A reading less than 30 suggests to some traders that rates have declined too quickly and are set to change direction.
Benchmark 10-year yields increased two basis points, or 0.02 percentage point, to 1.47 percent of 11:07 a.m. in Tokyo, according to Bloomberg Bond Trader prices. The 1.75 percent note maturing in May 2022 declined 6/32, or $1.88 per $1,000 face amount, to 102 17/32. The all-time low yield was 1.4387 percent set June 1.
Did The SEC Hint At A 7% Market Plunge?
Submitted by Tyler Durden - ZeroHedge.com
Back in October 19, 1988, in response to Black Monday from a year earlier (the SEC is not known for fast turnaround times) a little known SEC rule came into effect, known as Rule 80B, and somewhat better known as "Trading Halts Due to Extraordinary Market Volatility" which set trigger thresholds for market wide circuit breakers - think a wholesale temporary market shutdown. According to Rule 80B (as revised in 1998), the trigger levels for a market-wide trading halt were set at 10%, 20% and 30% of the DJIA. The halt for a 10% decline would be one hour if it occurred before 2 p.m., and for 30 minutes if it occurred between 2 and 2:30, but would not halt trading at all after 2:30. The halt for a 20% decline would be two hours if it occurred before 1 p.m., and between 1 p.m. and 2 p.m. for one hour, and close the market for the rest of the day after 2 p.m. If the market declined by 30%, at any time, trading would be halted for the remainder of the day. Needless to say, a 30% drop in the market in our day and age when the bulk of US wealth is concentrated in the stock market,would be a shot straight to the heart of the entire capitalist system. Which is why the smallest gating threshold is and has always been the key.
JPMorgan returns $600 million in funds
held at the bank when MF Global collapsed
AP - WashingtonPost.com
NEW YORK — JPMorgan Chase has returned about $600 million that was held at the bank when securities firm MF Global Holdings Ltd. failed last fall, according to a news report.
The Wall Street Journal also reported Saturday that a bankruptcy trustee representing MF Global's customers might pursue JPMorgan for several hundred million dollars in additional claims.
The newspaper cited unnamed people familiar with the matter and with the investigation into MF Global's collapse.
The Collapse is the Easy Part
by John Galt
Throughout the recent five years of American economic, political, and Constitutional crises the world chugged along with winners and losers selected by fate and foolishness as the erosion of our modern civilization continued from within. This system crash at all levels, morality, financial structure, religion, politics, and the viability of the nations impacted from this disaster is going to lead to some extremely long term changes in the world, some of which will shock the unprepared, and kill the unaware. There is, however, some good news:
The collapse is the easy part.
Gas Prices Are the Silver Lining as Economy Weakens
AP - CNBC.com
There's some good news behind the discouraging headlines on the economy: Gas is getting cheaper. At least two states had stations selling gas for $2.99 on Friday and it could fall below $3 in more areas over the weekend.
A plunge in oil prices has knocked more than 30 cents off the price of a gallon of gas in most parts of the U.S. since early April. The national average is now $3.61. Experts predict further declines in the next few weeks.
If Americans spend less filling their tanks, they'll have more money for discretionary purchases. The downside? Lower oil and gas prices are symptoms of weakening economic conditions in the U.S. and around the globe.
Medical data breaches raising alarm
By David Schultz - WashingtonPost.com
As more doctors and hospitals go digital with medical records, the size and frequency of data breaches are alarming privacy advocates and public health officials.
Keeping records secure is a challenge that doctors, public health officials and federal regulators are just beginning to grasp. And, as two recent incidents at Howard University Hospital show, inadequate data security can affect huge numbers of people.
Politics and more at play in painful job numbers
European troubles an 'unwelcome truth'
By Tim Devaney and Patrice Hill-The Washington Times
Just when the American economy was looking like a global bright spot, a spate of bad news last week showed that the U.S. also has succumbed to a major slowdown - sending President Obama and his team scrambling to explain Friday's disappointing unemployment numbers.
"Nobody is happy with the rate of job creation today," Steven Rattner, Mr. Obama's former car czar, said on "Fox News Sunday."
"Obviously, the numbers this month were disappointing," David Axelrod, Mr. Obama's senior campaign strategist, said on CBS' "Face the Nation."
Bill calls for ending direct payments to farmers
Subsidized insurance offered as alternative
By Jim Abrams - AP - WashingtonTimes.com
A program that puts billions of dollars in the pockets of farmers whether or not they plant a crop may disappear with hardly a protest from farm groups and the politicians who look out for their interests.
The Senate is expected to begin debate this week on a five-year farm and food aid bill that would save $9.3 billion by ending direct payments to farmers and replacing them with subsidized insurance programs for when the weather turns bad or prices go south.
In Walker recall, road to White House runs through Wisconsin
By Seth McLaughlin-The Washington Times
National Republicans think that if Wisconsin Gov. Scott Walker survives his recall election Tuesday, it will be much harder for Mr. Obama to keep the state in the Democratic column in the November election.
If Mr. Obama loses Wisconsin, the GOP says, it changes the entire Electoral College map — and the Democratic incumbent could pretty much kiss a second term goodbye.
The Wisconsin theory is one of many being bandied about now that the general election between Mr. Obama and Mitt Romney, the presumptive Republican nominee, is under way.
War in the White House: attorney general Eric Holder and top Obama adviser David Axelrod 'had to be separated'
Eric Holder, Barack Obama's attorney general and David Axelrod, his top political adviser had to be separated after squaring up during a furious row over attempts to impose White House operatives in the justice department.
By Jon Swaine, Washington - Telegraph.co.uk
Eric Holder, who heads Mr Obama's justice department, is said to have become "incensed" after being accused by David Axelrod of complaining publicly about political interference in his office.
"That's bull****," Mr Holder said in a confrontation after a cabinet meeting, according to author Daniel Klaidman. He writes: "The two men stood chest to chest. It was like a school yard fight".
President Obama's secret kill list
By Judge Andrew P. Napolitano - FoxNews.com
The leader of the government regularly sits down with his senior generals and spies and advisers and reviews a list of the people they want him to authorize their agents to kill. They do this every Tuesday morning when the leader is in town. The leader once condemned any practice even close to this, but now relishes the killing because he has convinced himself that it is a sane and sterile way to keep his country safe and himself in power. The leader, who is running for re-election, even invited his campaign manager to join the group that decides whom to kill.
This is not from a work of fiction, and it is not describing a series of events in the Kremlin or Beijing or Pyongyang. It is a fair summary of a 6,000-word investigative report in The New York Times earlier this week about the White House of Barack Obama. Two Times journalists, Jo Becker and Scott Shane, painstakingly and chillingly reported that the former lecturer in constitutional law and liberal senator who railed against torture and Gitmo now weekly reviews a secret kill list, personally decides who should be killed and then dispatches killers all over the world -- and some of his killers have killed Americans.
No respite for pope as more documents leaked
By Philip Pullella
(Reuters) - Pope Benedict got no rest on Sunday from a leaks scandal when an Italian newspaper published documents showing that his butler was not the only person in possession of confidential correspondence indicating a Vatican in disarray.
Benedict, 85, ended a weekend trip to Italy's industrial and financial capital Milan with a closing mass for an international gathering in which he praised traditional Catholic family values and re-stated his opposition to gay marriage.
Red Ice Radio Tom Horn Hour 1 Peter the Roman 5-22- 2012
Tom Horn on Red Ice Hour 2 Vatican Luciferians Peter the Roman
666... the number of man?
Human barcode' could make society more organized,
but invades privacy, civil liberties
As tech companies work to develop ID chips, how long until we're no longer anonymous?
BY MEGHAN NEAL / NEW YORK DAILY NEWS
Would you barcode your baby?
Microchip implants have become standard practice for our pets, but have been a tougher sell when it comes to the idea of putting them in people.
Science fiction author Elizabeth Moon last week rekindled the debate on whether it's a good idea to "barcode" infants at birth in an interview on a BBC radio program.
"I would insist on every individual having a unique ID permanently attached — a barcode if you will — an implanted chip to provide an easy, fast inexpensive way to identify individuals," she said on The Forum, a weekly show that features "a global thinking" discussing a "radical, inspiring or controversial idea" for 60 seconds.
Boston attorney wants cross taken down... let's get rid of God
59-Year-Old Kiwanis Club Statue
May Have To Be Removed Over Man's Complaint
MIDDLEBORO (CBS) – A statue that has stood in the same spot for 53 years is now at the center of a Constitutional debate.
In 1959, Middleboro Kiwanis Club erected a 12-foot brick cross bearing the word "worship" on a traffic island on Route 28.
Recently, the statue caught the eye of a Boston attorney who has since filed multiple complaints with the Massachusetts Department of Transportation. The state declined to release the name of that attorney.
Obama Ordered Stuxnet to Continue
After Bug Caused It to Spread Wildly
By Kim Zetter - Wired.com
Despite an error in the Stuxnet worm that attacked Iran's uranium enrichment program, which caused the malware to spread wildly out of control and infect computers outside of Iran in 2010, President Barack Obama ordered U.S. officials who were behind the attack to continue the operation.
That was despite the fact that Stuxnet was spreading to machines in the United States and elsewhere and could have contained other unknown errors that might affect U.S. machines.
This Rock Could Spy on You for Decades
By Noah Shachtman - Wired.com
America is supposed to wind down its war in Afghanistan by 2014. But U.S. forces may continue to track Afghans for years after the conflict is officially done. Palm-sized sensors, developed for the American military, will remain littered across the Afghan countryside — detecting anyone who moves nearby and reporting their locations back to a remote headquarters. Some of these surveillance tools could be buried in the ground, all-but-unnoticeable by passersby. Others might be disguised as rocks, with wafer-sized, solar-rechargeable batteries that could enable the sensors' operation for perhaps as long as two decades, if their makers are to be believed.
Quake faults west of Tahoe bigger than expected
AP - SFGate.com
Reno --- Scientists studying earthquake faults in the mountains west of Lake Tahoe say new, high-resolution imaging technology has helped uncover more substantial seismic hazards than previously thought to exist there.
The steep, fault-formed range west of the lake could generate relatively strong earthquakes with magnitudes from 6.3 to 6.9, according to the study led by the U.S. Geological Survey.
The politics of the underwater homeowner.
by DrHousingBubble - ZeroHedge.com
The housing market is sending mixed signals in 2012. Time can sneak up on you and if you rewind to the last presidential election cycle the housing market was already moving lower. So here we are in 2012 and the housing market is still weak. A recent report shows that 1 out of 3 Americans with a mortgage is still underwater owing $1.2 trillion more on their home than it is currently worth. Keep in mind that the 5 to 6 percent cost of selling a home is shouldered by the seller and that isn't reflected here. In spite of this, most underwater homeowners continue to pay their mortgage dutifully. Even in Las Vegas where 71 percent of homeowners are underwater, many by twice the current home value, only 14 percent are 90+ days delinquent. With so many homeowners underwater what implications will this have on the 2012 election?
Weak May jobs report spurs
GOP concerns over new Fed stimulus
By Peter Schroeder and Vicki Needham - TheHill.com
The disappointing May jobs report has set off a fresh round of speculation – and concern among Republicans – about whether the Federal Reserve will move to boost the economy.
Friday's employment report, which found the economy added just 69,000 jobs - less than half of expectations – suggested an already tenuous economic recovery may have lost steam.
CT drowning in debt funds Commie HQ renovations
Connecticut's Red Ink
By Jack Fowler - NationalReview.com
The Nutmeg State will be funding the Communist Party.
Yep, despite massive debt and a mushrooming deficit, Governor Dannel Malloy, with the obedient Democrat legislature in tow, will convene the State Bond Commission on June 4th and push through a $300,000 "grant-in-aid to Progressive Education and Research Associates to finance renovations to the New Haven Peoples Center at 37 Howe Street." The masquerades of Progressive this and People that aside, 37 Howe Street happens to be the headquarters for the Connecticut Communist Party, run by Joelle Fishman, who also happens to be the regional bureau chief for the infamous Peoples World. Which, yes, also happens to be located at 37 Howe Street.
China condemns U.S. gun ownership as human rights violation
By David Codrea - Examiner.com
A report issued by the State Council Information Office of the People's Republic of China has included U.S. gun ownership among a list of human rights violations, Law Enforcement Examiner Jim Kouri reported yesterday. "The Human Rights Record of the United States in 2011" was published last Friday on the PRC's Consulate General in New York website.
"The United States prioritizes the right to keep and bear arms over the protection of citizens' lives and personal security and exercises lax firearm possession control, causing rampant gun ownership," the report claims. "The U.S. people hold between 35 percent and 50 percent of the world' s civilian-owned guns, with every 100 people having 90 guns [and] 47 percent of American adults reported that they had a gun."
Clinton heads to Arctic to save world
Clinton in Arctic to see impact of climate change
US Secretary of State Hillary Clinton took a first-hand look Saturday at the way a warming climate is changing the Arctic, opening the region to competition for vast oil reserves.
Experts here estimate the value of the Arctic's untapped oil alone -- not including natural gas and minerals -- at $900 trillion, making it a huge prize for the five countries that surround the Arctic if they can reach it.
SpaceX has big launch plans
Company wants to begin running regular cargo supply missions
By W.J. Hennigan, Los Angeles Times - CharlotteObserver.com
LOS ANGELES SpaceX, the upstart company that shot a capsule to the International Space Station and back last month, won't have much time to savor its first major success.
It now must ready its Dragon spacecraft with life-support systems to ferry astronauts as well as cargo. And some analysts are skeptical that it can be a government contractor while maintaining its Silicon Valley style of doing business.
Putin to meet Iran's Ahmadinejad in China: Kremlin
AFP - Yahoo.com
Russian President Vladimir Putin will meet his Iranian counterpart Mahmoud Ahmadinejad on the sidelines of a summit in Beijing next week as tensions rise over Tehran's nuclear drive, a Kremlin official said.
"Meeting Ahmadinejad will let Putin personally feel the tension around the Iranian issue and how it is perceived in Tehran," Kremlin foreign policy aide Yury Ushakov told reporters last week in comments that were embargoed for release until Sunday.
Putin and Ahmadinejad agreed to meet over the phone and the initiative came "from both sides," Ushakov said.
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