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*ALERT* Obama Care Voters 2014 is Coming!

*ALERT* Obama Care Voters 2014 is Coming!

Apparently there are some Senators who don’t get that their position of advancing a liberal agenda is more than angering those who would be their base. Republicans of every stripe, from the “true blue” to Conservatives, tea party, limited government, pro-life, Libertarians and yes even the political “It girl” moderates HATE OBAMACARE. Let me say …

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Norway’s Sovereign Wealth Fund Flees Currencies Tainted by Stimulus Addiction

Norway’s Sovereign Wealth Fund Flees Currencies Tainted by Stimulus Addiction

“Norway’s $713 billion sovereign wealth fund is turning away from the world’s biggest currencies and their debt-laden governments as policy makers undermine their exchange rates through unprecedented stimulus measures. The Government Pension Fund Global, the world’s largest wealth fund, cut its holdings in French and U.K. government bonds by almost half last year as it raised its share of government bonds in emerging-market currencies to 10 percent of its fixed-income holdings by adding investments in Turkey, Russia and Taiwan.” Continue reading

Made Poor by the Crisis: Millions of Europeans Require Red Cross Food Aid

Made Poor by the Crisis: Millions of Europeans Require Red Cross Food Aid

“Needy families and individuals in the European Union are becoming increasingly reliant on charity organizations like the Red Cross for basic needs like food, water and shelter. Two-thirds of national Red Cross societies within the European Union have begun distributing food aid, according to the head of the aid groups’ international organization — a sign that the economic crisis in Europe is having an alarming effect on poverty. Yves Daccord, Director-General of the International Committee of the Red Cross, said on a visit to New Delhi on Monday that the scope of food distribution had not been at its current level since the end of World War II.” Continue reading

Banks Saved, but Europe Risks ‘Losing a Generation’

Banks Saved, but Europe Risks ‘Losing a Generation’

“Europe has spent hundreds of billions of euros rescuing its banks but may have lost an entire generation of young people in the process, the president of the European Parliament said. But little has been done to tackle the devastating social impact of the crisis, with more than 26 million people unemployed across the EU, including one in every two young people in Greece, Spain and parts of Italy and Portugal. That crippling level of unemployment has led to protests and outbreaks of violence across southern Europe, raising the threat of full-scale social breakdown, including rising crime and anti-immigrant attacks that can further rattle unstable governments.” Continue reading

IRS facing class action suit for medical record breach

IRS facing class action suit for medical record breach

Kaye Beach March 14, 2013 Via HealthITSecurity.com; A HIPAA-covered entity of the Southern District of California announced today that it is suing 15 Internal Revenue Service (IRS) agents for “an unlawful search and seizure conducted on March 11, 2011.” Though the … Continue reading

Fed Injects Record $100 Billion Cash Into Foreign Banks Operating In The US In Past Week

Fed Injects Record $100 Billion Cash Into Foreign Banks Operating In The US In Past Week

“Those who have been following our exclusive series of the Fed’s direct bailout of European banks (here, here, here and here), and, indirectly of Europe, will not be surprised at all to learn that in the week ended February 27, or the week in which Europe went into a however brief tailspin following the shocking defeat of Bersani in the Italian elections, and an even more shocking victory by Berlusconi and Grillo, leading to a political vacuum and a hung parliament, the Fed injected a record $99 billion of excess reserves into foreign banks.” Continue reading

Which Fed Members Move the Market?

Which Fed Members Move the Market?

“[The chart] shows the sum of the absolute value of the impact on the ten-year Treasury yield of each member’s public speeches. Chairman Bernanke tops the list with a total impact of 18 basis points. President Lockhart came in second place with an impact of 17 basis points, and President Fisher was third with about 16 basis points.” Continue reading

Dimon’s Extra $1.4 Million Payout Hangs on Fed Decision

Dimon’s Extra $1.4 Million Payout Hangs on Fed Decision

“JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon personally stands to miss out on about $1.39 million a year if the Federal Reserve decides last week’s stress-test results don’t justify a dividend increase. That’s how much extra income Dimon could get from his stake of about 6 million shares if his New York-based bank raises its payout as much as analysts predict. The sum dwarfs the combined $73,300 of new annual dividends at stake for his CEO peers at Bank of America Corp., Goldman Sachs Group Inc. (GS) and Wells Fargo (WFC) & Co., based on forecasts compiled by Bloomberg.” Continue reading