Entries for April 2010
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Major U.S. banks masked risk levels: report
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| Reuters | Major U.S. banks temporarily lowered their debt levels just before reporting in the past five quarters, making it appear their balance sheets were less risky, the Wall Street Journal said, citing data from the Federal Reserve Bank of New York. The paper said on Friday 18 banks, including Goldman Sachs Group (GS.N), Morgan Stanley (MS.N), J.P. Morgan Chase (JPM.N) Bank of America (BAC.N) and Citigroup (C.N), understated the debt levels used to fund securities trades by lowering them an average of 42 percent at the end of each period. Read
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Economics ::
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Met Police officers to be 'microchipped' by top brass in Big Brother style tracking scheme
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| Mail Online | Met Chief Sir Ian Blair could be among 31,000 officers to receive the new electronic tracking device. Every single Metropolitan police officer will be 'microchipped' so top brass can monitor their movements on a Big Brother style tracking scheme, it can be revealed today. According to respected industry magazine Police Review, the plan - which affects all 31,000 serving officers in the Met, including Sir Ian Blair - is set to replace the unreliable Airwave radio system currently used to help monitor officer's movements. Read
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Civil Liberties ::
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Israeli Military Order Sets Up Mass Expulsion of Palestinians From West Bank
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| Antiwar.com | Human rights groups are expressing serious concern tonight following news that the Israeli military has issued new regulations regarding the expulsion of “infiltrators” from the occupied West Bank. Under the new regulations, any Palestinian, including those born in the West Bank or the Gaza Strip, could be classified as an “infiltrator” if they don’t have explicit permission from the Israeli military to reside in the territory. Read
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War & The Military ::
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The Government Is One Giant Cult
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| LewRockwell.com | In 1954, Dorothy Martin, a Chicago housewife, announced she had been receiving messages from outer space telling her the Western Hemisphere would be destroyed by a flood on Dec. 21. The messages came from a being called Sananda, who assured Dorothy the true believers would be rescued by a flying saucer just before midnight the night before the flood. Dorothy first tried to get the word out to save as many people as possible, but in September, her small group, called the “Seekers,” shut down all outside communications. Many quit their jobs, left their spouses and gave away their money and possessions. Per Sananda’s instructions, they removed all metal from their clothes. Read
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Politics & Government ::
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