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White House faces high bar on Syria after Bush Administration’s Iraq lies

“The White House will likely argue that since its proposed action in Syria will be ‘limited’ it does not require Congress to wield its constitutionally granted power to authorize a declaration of war. But the more time that passes before US military action, the more restive the domestic political scene becomes. A growing number of lawmakers have concerns and polls show Americans wary of another foreign entanglement. Democratic Senator Chris Murphy meanwhile said on MSNBC that cruise missile attacks may make people ‘feel better, but it may not actually make the Syrian people safer or advance US national security interests.'” Continue reading →

Obama administration hints it could act alone on Syria

“The United States hinted Thursday it could act alone to punish Syria for a chemical weapons attack. The Obama administration also denied that public skepticism dating to an Iraq war intelligence debacle was complicating its effort to justify possible military action against Syria. Obama, who came to power criticizing his predecessor George W. Bush’s go-it-alone approach on foreign policy, was confronted Thursday with a choice over whether to wait for allies or launch unilateral US action. Obama aides stress they envisage only ‘limited’ punitive action in Syria and dismiss comparisons with the US invasion of Iraq, which the president built his political career on opposing.” Continue reading →

U.S. spying still under shadow of Iraq intelligence failures

“In the run-up to the invasion of Iraq 10 years ago, the CIA and other intelligence services confidently asserted that Saddam Hussein’s regime had stockpiles of weapons of mass destruction. But it turned out the intelligence community was ‘dead wrong in almost all of its pre-war judgments about Iraq’s weapons of mass destruction,’ according to an official inquiry, the Silberman-Robb report. The spy services failed to collect solid information, botched their analysis and reached conclusions based on flawed assumptions instead of evidence, making it ‘one of the most public — and most damaging — intelligence failures in recent American history,’ the 2005 report said.” Continue reading →

Leaked documents show massive expansion of CIA budget

“The CIA has mushroomed into the largest US spy agency with a nearly $15 billion budget as it expands intelligence, cyber sabotage and overseas covert operations, secret leaked documents showed Thursday. It shows a dramatic resurgence of the Central Intelligence Agency, once thought to be on the decline after it acknowledged intelligence failures prior to the attacks of September 11, 2001 and the US-led invasion of Iraq in 2003. It now is the dominant colossus within the national intelligence community, expanding its workforce by more than 25 percent from a decade ago, to 21,575 this year.” Continue reading →

Expedia – Vacation Deprivation Key Statistics

“Americans earn fewer vacation days than people in most countries, but still leave 2 days unused on average. Know someone who could use a break?” Continue reading →

Global Cities of the Super-Rich

“The report also ranks the global cities that matter the most to these high-net-worth individuals, based on four categories: economic activity, political power, quality of life, and knowledge and influence. Overall, New York and London top this list as well, followed by Paris, Tokyo, Hong Kong, Singapore, Sydney, Washington, D.C., Toronto, and Zurich. This list is similar to my own ranking of the world’s most economically powerful cities. The cities are also ranked on each category individually, and the table below (from the report) charts the leaders in each of the four categories.” Continue reading →

Total U.S. Public Debt Now Eclipses GDP

“We previously warned of what can transpire when desperate governments are no longer able to shoulder unbearable debts. As one can see in the chart above, total public debt in the United States recently crossed the proverbial Rubicon and now equals 104.95% of GDP. As if this weren’t alarming enough, the Fed’s official figures – which were used to create the chart above – do not include the nation’s swelling, yet politically untouchable unfunded liabilities, namely Medicare and Social Security. When these figures are plugged in to the equation, the US’s public debt level skyrockets to astronomical heights.” Continue reading →

South Korea Toughens Up Rules On Overseas Accounts

“In a bid to reduce the incidence of tax evasion, the National Tax Service (NTS) is to impose heavier fines on those South Korean residents who are found to hold substantial unexplained financial accounts in overseas jurisdictions. Beginning next year, South Koreans with overseas financial accounts worth more than KRW1bn (USD896,000) will be obligated to report the assets, and to explain the sources of the funds. Failure to do so will result in a 10 percent fine, which will be even greater if the source is found to be the result of tax evasion. The NTS’s plans are included within the Government’s new proposals to raise additional tax revenue for its welfare programs by improving tax compliance.” Continue reading →