Home · News · News Dec 2014 · Dec 08 2014
Monday December 08, 2014
News Articles

Citigroup: The Original Gangsta
TruthDig | Robert Scheer | older, 06/14/14

Barack Obama's Justice Department on Monday announced that Citigroup would pay $7 billion in fines, a move that will avoid a humiliating trial dealing with the seamy financial products the bank had marketed to an unsuspecting public, causing vast damage to the economy.

Citigroup is the too-big-to-fail bank that was allowed to form only when Bill Clinton signed legislation reversing the sensible restraints on Wall Street instituted by President Franklin Roosevelt to avoid another Great Depression.

"Today what we are doing is modernizing the financial services industry, tearing down those antiquated laws and granting banks significant new authority," a beaming Clinton boasted after signing the Financial Services Modernization Act into law in 1999.

Called the Citigroup authorization act by some wags at the time, those antiquated laws, the Glass-Steagall Act primarily, had put a safety barrier between the high rollers in Wall Street investment firms and the staid commercial banks charged with preserving the savings of ordinary folk. The new law permitted them to merge.

Clinton handed the pen that he used in signing the new law to Citigroup Chairman Sanford Weill, whose Citicorp had already merged with Travelers Group before the law was even officially changed. On an earlier occasion, Weill had informed Clinton about his merger plans in a telephone conversation. After hanging up, Weill then bragged to his fellow banking executive John S. Reed, who was on the call, that "we just made the president of the United States an insider," according to Wall Street Journal reporter Monica Langley in her book on the Citigroup merger.

In 2000, just before leaving office, Clinton went much further in radical deregulation of the financial industry when he signed the Commodity Futures Modernization Act. In one swoop this eliminated from the purview of any existing regulation or regulatory agency the new financial products, including the mortgage-backed securities at the heart of the financial meltdown and the subject of the $7 billion fine levied in what has to be viewed as a copout deal. ...
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Japan's Recession Deepens as Election Looms for Abe: Economy
Bloomberg | Keiko Ujikane | 12/07/14

Japan's recession was deeper than initially estimated as company investment unexpectedly shrank, a blow to Prime Minister Shinzo Abe as he campaigns for re-election on his economic credentials.

The economy contracted an annualized 1.9 percent in the July to September period from the previous quarter, weaker than the 1.6 percent drop reported in preliminary data. The result was also below every forecast in a Bloomberg News survey that showed a median 0.5 percent decrease. Read more

According to FBI whistleblower Sibel Edmonds, "Four months before 9/11", FBI monitoring overhears Undersecretary of Defense Douglas Feith, Pentagon adviser Richard Perle, and Deputy Secretary of Defense Paul Wolfowitz "discussing with the Turkish ambassador in Washington an arrangement whereby the US would invade Iraq and divide the country.… They were negotiating what Turkey required in exchange for allowing an attack from Turkish soil."

California Drought, High Temperatures Create Worst Conditions In 1,200 Years
Reuters & HP | author | 12/07/14

A combination of record high temperatures and sparse rainfall during California's three-year drought have produced the worst conditions in 1,200 years, according to a study accepted for publication by the American Geophysical Union (AGU).

The state has gone through numerous periods of dry weather, with as little or less rainfall as the past few years, but scientists looking at the cumulative effects of temperature, low precipitation and other factors said that it all adds up to the worst conditions in more than a millennium. ... Read more

Up Close and Personal With George W. Bush's Horrifying Legacy
TruthDig | Robert Scheer | older, 06/18/14

The Iraq disaster remains George W. Bush's enduring folly, and the Republican attempt to shift the blame to the Obama presidency is obscene nonsense. This was, and will always be, viewed properly as Bush's quagmire, a murderous killing field based on blatant lies.

This showcase of American deceit, obvious to the entire world, began with the invented weapons of mass destruction threat that Bush, were he even semi-cognizant of the intelligence data, must have known represented an egregious fraud. So was his nonsensical claim that Saddam Hussein had something to do with the terrorist attacks on the World Trade Center and Pentagon, when in fact he was Osama bin Laden's most effective Arab opponent.

Yet Bush responded to the 9/11 attacks by overthrowing a leader who had banished al-Qaida from Iraq and who had been an ally of the United States in the war to contain Iran's influence in the region. Instead of confronting the funders of Sunni extremism based in Saudi Arabia, the home of 15 of the 19 hijackers and their Saudi leader bin Laden, Bush chose to attack the secular leader of Iraq. That invasion, as the evidence of the last week confirms, resulted in an enormous boon to both Sunni extremists and their militant Shiite opponents throughout the Mideast.

How pathetic that Secretary of State John Kerry is now reduced to begging the ayatollahs of Iran to come to the aid of their brethren in Iraq. Or that the movement to overthrow the secular leader of Syria, a movement supported by the United States, has resulted in a base for Sunni terrorists in Iraq and Syria of far greater consequence than the one previously used to plot the 9/11 attacks from isolated Afghanistan. ...
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"Deadly" radioactive material up around 50,000,000% at Fukushima plant in recent months -- Strontium-90 spikes to record level near ocean outside Reactor No. 2

With Q3 Buybacks Surging, These Are The Top 20 Repurchasers Of Their Own Stock
ZeroHedge | author | 12/08/14

As it turns out our conclusion that it's all over was premature (with the Fed getting some breathing room thanks to desperate corner offices eager to pump up their CEO's equity-linked compensation), and as the just concluded Q3 earnings seasons confirms, what went down, promptly soared right back up, with stock repurchases in Q3 surging by 30% following the 30% drop in Q2, and nearly offsetting all the lost "corporate wealth creation" in the second quarter, with the total amount of stock repurchases by S&P 500 companies jumping from $112 billion to $145 billion, just shy of the Q1 record, and the second highest single quarter repurhcase tally going back to 2007, and before. ... Read more
Click to zoom - for Larger Image

Democracy Now! U.S. and World News Headlines for Monday, December 08 [12:40]
*DN | As Typhoon Hagupit Wreaks Havoc, Leading Filipino Environmental Voice Silenced at U.N. Climate Talks (12/08/14) [11:07]
DN | At Lima Talks, Nations Worst Hit by Global Warming Say Climate Aid Isn't Charity, But Reparations (12/08/14) [16:08]
DN | The Laundering Machine: How U.S. Corporations Threaten Peru's Forests Through Illegal Logging (12/08/14) [7:11]
Jon Stewart
Jon Stewart | Wednesday night, however, was a rare occasion in the comedian's career when he simply couldn't find a way to laugh about how broken our society is. (12/04/14) [3:38]
CNN
CNN | Even George W. Bush Finds the Eric Garner Grand Jury Decision 'Hard to Understand' (12/06/14) [1:10]
*TRNN | Economist Richard Wolff says workers are returning to jobs with lower wages, fewer benefits, and less job security than they had before the financial crisis hit. (12/07/14) [12:12]
Professor Richard D. Wolff website
*TRNN | Dr. Thomas O'Donnell discusses: The Russian ruble takes a tumble as the falling oil prices slide, and the geo-politics of it al. (12/08/14) [12:17]
*TRNN | Is Congress' Call for ISIS War Debate a Sham? (12/08/14) [16:28]
TYT | Government Debt And Deficit: Obama vs. Bush (12/07/14) [5:07]
TYT | Wall Street Launches Assault On Your Money (12/07/14) [5:11]
TYT | Obama, McConnell Lock Arms In Expanding Corporate Power (12/07/14) [8:59]
More News
The Antares unmanned spacecraft, ISS-bound, explodes on takeoff from NASA facility in Virginia (10/29/14) [1:00]
The Antares unmanned spacecraft crashed after a self-destruct signal was sent to it due to a catastrophic anomaly the rocket experienced 10 to 12 seconds after ignition. The $200 million craft was lost along with its payload, which included 2,200 kg of cargo meant for the International Space Station.
Click to zoom - for Larger Image
Other Videos and Documentaries I Ran Across
Financial Crisis (forget the UFO stuff, he only brings it up once)
Paul Hellyer: Ex Canadian Minister of Defence speaks about UFOs, global warming, and the world financial system (06/10/13) [1:07:09]
1993 WTC
1993 World Trade Center Bombing Documentary () [44:30]
Rare TV NEWS report about 1993 WTC bombing FBI Foreknowledge () [2:10]
NYTimes | The FBI Allowed the 1993 WTC Bombing to Happen by Ralph Blumenthal (10/28/93) (article)
911 WTC
9/11 Science vs. Conspiracy Theories (2008) [9:56], Part 2 [8:49]
Salon | Sibel Edmonds: "We should have had orange or red-type of alert in June or July of 2001? (03/27/2004)
Salon | Insiders voice doubts about CIA's 9/11 story (10/14/11)
Rense | Why No Norad On 911? (02/26/07) (article)
DUMBs
The Alberino Analysis - Deep Underground Military Bases (09/16/14) [41:27]
Phil Schneider's Last Speach ~ Two Months Before His Assassination () [1:08:45]
The Underground Bases, Dulce Base, etc. ... () [1:20:11]
Fukushima
Fukushima Daiichi's: Hidden Crises Radioactive Water NHK Documentary (02/09/14) [49:11]
Nuclear Waste
The Nuclear Waste Destruction 2014 () [1:07:29]
The Truth about Nuclear Waste Disposal () [52:20]

12.08.2014. 12:15



Special Interest Important stuff
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Newer Documentaries You Might Not Have Seen

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Lindsey Graham Mashups
Lindsey Graham

Sen. Lindsey Graham (R-SC) said the quiet part aloud on why he’s still so close to former President Donald Trump: because we can use him for our goals. "President Trump has gotten people who wouldn't give me or Romney or anybody else the time of day. They believe he is on their side," the senator told the America First Agenda Summit crowd on Tuesday in Washington, D.C.

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Environment & Climate Change
Environment

The term "climate change" is often used to refer specifically to anthropogenic climate change (also known as global warming). Anthropogenic climate change is caused by human activity, as opposed to changes in climate that may have resulted as part of Earth's natural processes.

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AI - Artificial Intelligence | Machine Learning | Deep Learning
AI - Artificial Intelligence

AIArtificial intelligence (AI) is intelligence demonstrated by machines, as opposed to the natural intelligence displayed by animals including humans. AI research has been defined as the field of study of intelligent agents, which refers to any system that perceives its environment and takes actions that maximize its chance of achieving its goals.

The term "artificial intelligence" had previously been used to describe machines that mimic and display "human" cognitive skills that are associated with the human mind, such as "learning" and "problem-solving". This definition has since been rejected by major AI researchers who now describe AI in terms of rationality and acting rationally, which does not limit how intelligence can be articulated.
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Quantum mechanics | AI - Artificial Intelligence
Quantum mechanics

Quantum mechanics is a fundamental theory in physics that provides a description of the physical properties of nature at the scale of atoms and subatomic particles.  It is the foundation of all quantum physics including quantum chemistry, quantum field theory, quantum technology, and quantum information science.
Classical physics, the collection of theories that existed before the advent of quantum mechanics, describes many aspects of nature at an ordinary (macroscopic) scale, but is not sufficient for describing them at small (atomic and subatomic) scales. Most theories in classical physics can be derived from quantum mechanics as an approximation valid at large (macroscopic) scale.
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Economy, Wall Street and Banksters

Wall Street and Banksters

Wall Street is an eight-block-long street running roughly northwest to southeast from Broadway to South Street, at the East River, in the Financial District of Lower Manhattan in New York City. Over time, the term has become a metonym for the financial markets of the United States as a whole, the American financial services industry (even if financial firms are not physically located there), or New York-based financial interests.

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Intelligence Agencies/Deep State?

Intelligence Agencies/Deep State?

An intelligence agency is a government agency responsible for the collection, analysis, and exploitation of information in support of law enforcement, national security, military, and foreign policy objectives. Means of information gathering are both overt and covert and may include espionage, communication interception, cryptanalysis,.

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Daniel Ellsberg | Pentagon Papers
Daniel Ellsberg

Daniel Ellsberg and Paul Jay explore Ellsberg's latest book, The Doomsday Machine: Confessions of a Nuclear War Planner. In the introduction to the book, Ellsberg writes: "No policies in human history have more deserved to be recognized as immoral or insane. The story of how this calamitous predicament came about and how and why it has persisted over a half a century is a chronicle of human madness".

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Nukes
Nukes

Nuclear weapons have come a long way and come in all types of different sizes. Some are relatively small while others are enormous, so big they boggle the mind at what they can be capable of, i.e. the Soviet 'Tsar Bomba' is/was 3,000 times greater than the Hiroshima bomb.

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Rana Foroohar and Fall of American Business
Rana Foroohar

Ms. Foroohar says financialization delivers stagnant wages, inequality and economic crisis; the Financial Times columnist and author of "Makers and Takers" says the financial sector represents only 7 percent of the U.S. economy, but takes around 25 percent of all corporate profit while creating only 4 percent of all jobs.

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The Untold History of the United States by Oliver Stone & Petere Kuznick

The Untold History of the United States by Oliver Stone & Petere Kuznick | 2014 | 10 Episodes

Oliver Stone and American University historian Peter J. Kuznick began working on the project in 2008. Stone, Kuznick and British screenwriter Matt Graham cowrote the script. It covers "the reasons behind the Cold War with the Soviet Union, U.S. President Harry Truman's decision to drop the atomic bomb on Japan, and changes in America's global role since the fall of Communism." Stone is the director and narrator of all ten episodes.

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Kuznick Interviews

Kuznick Interviews

Historian Peter Kuznick says Eisenhower called for decreased militarization, then Dulles reversed the policy; the Soviets tried to end the cold war after the death of Stalin; crazy schemes involving nuclear weapons and the Bay of Pigs invasion of Cuba put the world of the eve of destruction - with host Paul Jay

The Untold History of the United States by Kuznick, Peter.mobi | Book | 6.99 MB

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China Valley of Tunnels

China Valley of Tunnels

A report written by a Georgetown University team led by Phillip Karber conducted a three-year study to map out China’s complex tunnel system, which stretches 5,000 km (3,000 miles). The report determined that the stated Chinese nuclear arsenal is understated and as many as 3,000 nuclear warheads may be stored in the underground tunnel network.

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911
911

On September 11, 2001, 19 terrorists attacked the Unites States. They hijacked four airplanes in mid-flight. The terrorists flew two of the planes into two skyscrapers at the World Trade Center in New York City. The impact caused the buildings to catch fire and collapse. Another plane destroyed part of the Pentagon (the U.S. military headquarters) in Arlington, Virginia. The fourth plane crashed in Shanksville, Pennsylvania. Officials believe that the terrorists on that plane intended to destroy either the White House or the U.S. Capitol. Passengers on the plane fought the terrorists and prevented them from reaching their goal. In all, nearly 3,000 people were killed in the 9/11 attacks.

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The Vietnam War

The Vietnam War

Ken Burns and Lynn Novick's ten-part, 18-hour documentary series, THE VIETNAM WAR, tells the epic story of one of the most consequential, divisive, and controversial events in American history as it has never before been told on film. Visceral and immersive, the series explores the human dimensions of the war through revelatory testimony of nearly 80 witnesses from all sides--Americans who fought in the war and others who opposed it, as well as combatants and civilians from North and South Vietnam. Ten years in the making, the series includes rarely seen and digitally re-mastered archival footage from sources around the globe, photographs taken by some of the most celebrated photojournalists of the 20th Century, historic television broadcasts, evocative home movies, and secret audio recordings from inside the Kennedy, Johnson, and Nixon administrations.

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Trump's Mashups
Trump's Mashups

Donald Trump talks a lot, but what is he actually saying? VICE News' "Trump Talk" mashup series tries to answer that. And, we're happy to say, it was just nominated for two Webby Awards. Now you can watch all the nominated videos.

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Trump's Sexcapades
Trump's Sexcapades.

Jessica Leeds (1980s)
Kristin Anderson (1990s)
E. Jean Carroll (1995 or 1996)
Lisa Boyne (1996)
Cathy Heller (1997)
Temple Taggart McDowell (1997)
Karena Virginia (1998)
Mindy McGillivray (2003)
Jennifer Murphy (2005)
Rachel Crooks (2005)
Natasha Stoynoff (2005)
Juliet Huddy (2005 or 2006)
Jessica Drake (2006)
Ninni Laaksonen (2006)
Cassandra Searles (2013)
Allegations of pageant dressing room visits(1997)
Mariah Billado,
Victoria Hughes,
and three other Miss Teen USA contestants
Bridget Sullivan (2000)
Tasha Dixon (2001)
Unnamed contestants (2001)
Samantha Holvey (2006)

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Trump's Speeches | Rallys |Interviews
Trump's Speeches | Rallys

Donald Trump talks a lot, but what is he actually saying? Watch Trump at some of his rallys and see what you think.

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