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“Stomp on Jesus’ Name or Flunk My Class,” Says Professor. Student Refuses. Gone!

“A student in a class in the academically peripheral Florida Atlantic University was told by the instructor to stomp on the name of Jesus. Do it, or flunk. The student refused. He then protested to the administration. Result: the student has been told not to attend the class, not to talk to other students, and shut up. This has hit the press. Now there will be a huge stink. Some administrative bureaucrat has defended this action. My guess: if the instructor were white, he would not have his contract renewed. But now the administration is caught between a rock and a hard place. Either it gets accused of racism or it gets accused of blatant stupidity. I love it.” Continue reading →

Wuala: Secure Cloud Storage – Backup. Sync. Share. Access Everywhere.

“Wuala is a secure cloud storage, made in Switzerland. As the Swiss knife of cloud storage, it covers all the essential needs for professional and personal use: with Wuala, you can store your files securely online, share them with select others, access them from anywhere, setup automatic backups of your local data, or synchronize whole folders to the cloud. Wuala employs client-side-encryption to achieve a unique level of security. All data is encrypted locally, before it is uploaded. Your password never leaves your computer. Nobody – not even we as storage provider – can access your data without your authorization.” Continue reading →

Chris Hedges: The Day That TV News Died

“Phil Donahue and Bill Moyers, the last honest men on national television, were the only two major TV news personalities who presented the viewpoints of those of us who challenged the rush to war in Iraq. General Electric and Microsoft—MSNBC’s founders and defense contractors that went on to make tremendous profits from the war—were not about to tolerate a dissenting voice. Donahue was fired, and at PBS Moyers was subjected to tremendous pressure. A leaked MSNBC memo stated that Donahue was hurting the image of the network. He would be a ‘difficult public face for NBC in a time of war,’ the memo read. Donahue never returned to the airwaves.” Continue reading →

Mike Bloomberg: “I do think there are certain times we should infringe on your freedom”

“‘I do think there are certain times we should infringe on your freedom,’ Mr. Bloomberg said, during an appearance on NBC. He made the statement during discussion of his soda ban — just shot down by the courts — and insistence that his fight to control sugary drink portion sizes in the city would go forth.” Continue reading →

Cypriot Banking Crisis – A Turning Point for Your Portfolio?

“Most Americans would not be directly affected if North Dakota decided to seize citizens’ money in order to pay its bills, but all Americans would be deeply disturbed by such an action. The principle of the matter couldn’t be clearer; outright theft is wrong. But it’d probably be fear, not principle, that would have people heading for their banks in droves to withdraw cash as fast as possible. People not living in Europe should not kid themselves into thinking that this is just a European problem. With a fractional reserve banking system, it doesn’t take a majority of bank depositors to decide to withdraw their cash to put their banks out of business.” Continue reading →

BRICS Nations Plan New Bank to Bypass World Bank, IMF

“The biggest emerging markets are uniting to tackle under-development and currency volatility with plans to set up institutions that encroach on the roles of the World Bank and International Monetary Fund. The leaders of the so-called BRICS nations — Brazil, Russia,India, China and South Africa — are set to approve the establishment of a new development bank during an annual summit that began today in the eastern South African city of Durban, officials from all five nations say. They will also discuss pooling foreign-currency reserves to ward off balance of payments or currency crises.” Continue reading →

Swiss expats unhappy with FATCA deal

“Swiss citizens who live abroad have made their displeasure with their home country known regarding its planned implementation of the Foreign Account Tax Compliance Act (FATCA). The U.S. law has been agreed to by Switzerland and is set to go into effect in 2014. Some 76,000 Swiss citizens who currently reside in the U.S. are being told they cannot hold Swiss bank accounts, or are now being charged higher fees, according to the OSA.” Continue reading →

Europe’s Bailout Rebound Lasts Three Hours. Reverses Despite Panicked EU Minister Tweet.

“The faceless bureaucrat who heads the faceless, unnamed EuroGroup admitted the truth: the rescue of Cyprus would serve as a model for the next round of bailouts. That sent a clear message: anyone with a lot of money deposited in a bank of Italy or Spain or Portugal is at risk. He may wind up like all those rich Russians who thought their money was safe in Cyprus. Down went bank shares. Down went the stock markets. Down went the euro. Wait! Wait! He then reversed himself again. He tweeted a message that Cyprus was a one-time event after all. Too late. The truth was out. The damage was done. The stock markets did not reverse again. Neither did the euro.” Continue reading →