Entries for June 2009
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US government to take a 34 percent ownership stake in CitiBank
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| Blogs.nytimes.com | Many of its rivals are getting ready to throw back the government’s lifeline, but not Citigroup: To the contrary, Citi on Wednesday said it was moving forward with a plan to convert a large chunk of its preferred shares into common equity. The long-awaited move is expected to give the United States government a 34 percent ownership stake in the troubled bank. Read
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Economics ::
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Fed Would Be Shut Down If It Were Audited, Expert Says
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| CNBC | The Federal Reserve's balance sheet is so out of whack that the central bank would be shut down if subjected to a conventional audit, Jim Grant, editor of Grant's Interest Rate Observer, told CNBC. With $45 billion in capital and $2.1 trillion in assets, the central bank would not withstand the scrutiny normally afforded other institutions, Grant said in a live interview. Read
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Economics, Video ::
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Love Is a Battlefield
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| Newsweek | Staff Sgt. Shaun McBride would rather be in a war zone than at home. He likes the adrenaline, he says, even the "fear someone can shoot you." He hates the petty responsibilities of home life, the bills and family issues. Read
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War & The Military ::
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Military Intelligence Used to Shutdown BitTorrent Site
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| Torrentfreak.com | This week police and anti-piracy groups moved to close down a very large BitTorrent tracker. With 250,000 users, Snowtigers was possibly the largest French tracker. According to reports, police arrested 10 members of staff and seized more than 20 servers, after the military assisted in locating the operators. Read
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Media ::
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Obama's Speech In Egypt
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| NewsWithViews.com | Much has been made of President Barack Obama's "reconciliation" speech in Cairo, Egypt, last week. For the most part, the American media have focused on Obama's attempt to "repair" relations with the Muslim nations of the world. Read
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Politics & Government ::
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Counterterrorism Exercise to Take Place in Queens
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| NY Times | The city’s Police Department and the F.B.I. will collaborate tonight in a joint counterterrorism exercise in Queens, testing New York’s ability to intercept a so-called dirty bomb. Around 300 city police officers and 400 employees from the F.B.I. will work together in the exercise. The main events are scheduled to take place between 9 p.m. tonight and 4 a.m. on Wednesday morning on the Clearview Expressway. Read
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War & The Military ::
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