Bullshit Artists

Snowden revelations force Obama’s hand on surveillance program

"After his administration issued repeated defenses of a National Security Agency monitoring program that collects Americans' phone and Internet data, Obama announced during a press conference Friday afternoon that reforms to the system will make the collection activities more transparent and 'give the American people additional confidence that there are additional safeguards against abuse.' Officials will also launch a new website next week that will serve as 'a hub for further transparency' for interested members of the public." Continue reading →

Continue ReadingSnowden revelations force Obama’s hand on surveillance program

Obama Thinks Americans Don’t Need to Know

"The day after his first inauguration, Obama proclaimed 'a new era of openness in our country.' Yet, in office, he’s driven state secrecy to new levels of absurdity. You may think that Americans have a right to know who we’re at war with, when the government thinks it can kill them, and whether the executive branch considers the personal data of all Americans “relevant” to terrorism investigations — but this administration begs to differ. As far as it’s concerned, you can’t handle the truth." Continue reading →

Continue ReadingObama Thinks Americans Don’t Need to Know

Peter Schiff: The Half Full Economy

"The most recent GDP release from Washington has caused many to double down on their belief that the Federal Reserve will begin tapering Quantitative Easing sometime later this year. While I believe that is a fantasy given our economy's extreme dependence on QE, market observers should have learned long ago that the Bureau of Economic Analysis (BEA) initial GDP estimates can't be trusted. A perusal of their subsequent GDP revisions in the last five years reveals a clear trend: They are almost twice as likely to revise initial estimates down rather than up, and the downward adjustments have been much larger on average." Continue reading →

Continue ReadingPeter Schiff: The Half Full Economy

Obama announces proposals to reform NSA surveillance

"At his first full news conference in more than three months, Obama said he intends to work with Congress on proposals that would add an adversarial voice — effectively one advocating privacy rights — to the secret proceedings before the Foreign Intelligence Surveillance Court. Several Democratic senators have proposed such a measure. In addition, Obama said that he intends to work on ways to tighten one provision of the Patriot Act - known as Section 215 - that gives the government broader authority toobtain business phone data records." Continue reading →

Continue ReadingObama announces proposals to reform NSA surveillance

Secret NSA loophole allows data gathering on U.S. citizens without a warrant

"The previously undisclosed rule change allows NSA operatives to hunt for individual Americans’ communications using their name or other identifying information. Senator Ron Wyden told the Guardian the NSA’s authorities provide loopholes that allow 'warrantless searches for the phone calls or emails of law-abiding Americans'. The authority, approved in 2011, appears to contrast with repeated assurances from Barack Obama and senior intelligence officials to both Congress and the American public that the privacy of US citizens is protected from the NSA’s dragnet surveillance programs." Continue reading →

Continue ReadingSecret NSA loophole allows data gathering on U.S. citizens without a warrant

Van Jones rips Obama’s ‘ridiculous’ denial of domestic spying operations

"Van Jones, a former White House special advisor, blasted President Barack Obama on Wednesday for cracking down on whistleblowers. 'First of all, we do have a domestic spying program, and what we need to be able to do is figure out how to balance these things, not pretend like there’s no balancing to be done.' 'He said that if somebody like Snowden wanted to be a whistle-blower, they could have gone ahead. Well, hold on a second, sir. That is — you are right now prosecuting more whistleblowers – not only than any American president, that every American president combined!'" Continue reading →

Continue ReadingVan Jones rips Obama’s ‘ridiculous’ denial of domestic spying operations

Tons of radioactive water pouring out of crippled Fukushima nuclear plant

"Highly radioactive water from Japan’s crippled Fukushima nuclear plant is pouring out at a rate of 300 tons a day, officials said on Wednesday, as Prime Minister Shinzo Abe ordered the government to step in and help in the clean-up. Tepco only recently admitted water had leaked at all. The leak from the plant 220 km (130 miles) northeast of Tokyo is enough to fill an Olympic swimming pool in a week. The water is spilling into the Pacific Ocean, but it was not immediately clear how much of a threat it poses. As early as January this year, Tepco found fish contaminated with high levels of radiation inside a port at the plant." Continue reading →

Continue ReadingTons of radioactive water pouring out of crippled Fukushima nuclear plant

U.S. Officials: Al-Qaeda Developed Liquid That Turns Clothes Into Explosives

"Two senior U.S. government sources who have been briefed on the terror threat that prompted the U.S. to close embassies across the Mideast and North Africa this week, told the network that clothes dipped in the liquid become explosive devices when dry. One of the U.S. officials described the new generation explosive as 'ingenious,' while another said it would be undetectable under current security processes. The liquid explosive is believed to be the brainchild of the Yemen-based affiliate Al-Qaeda in the Arabian Peninsula (AQAP), the officials told ABC News." Continue reading →

Continue ReadingU.S. Officials: Al-Qaeda Developed Liquid That Turns Clothes Into Explosives

Obama: Persecution of LGBT people violates basic morality

"President Barack Obama on Tuesday night condemned Russia and some African countries for persecuting gay, lesbian, bisexual, and transgender individuals. 'I’ve been very clear that when it comes to universal rights, when it comes to people’s basic freedoms, that whether you are discriminating on the basis of race, religion, gender or sexual orientation, you are violating the basic morality that I think should transcend every country,' he said on NBC’s The Tonight Show with host Jay Leno. 'And I have no patience for countries that try to treat gays or lesbians or transgender persons in ways that intimidate them or are harmful to them.'" Continue reading →

Continue ReadingObama: Persecution of LGBT people violates basic morality

The Case for Fed Tapering Sooner Rather Than Later

"The best way to (ahem) get the attention of the political class is to taper now, trigger a stock market decline and speak directly to the elected leadership's need to put the fiscal house in order. This is the only way the Fed can escape taking the bullet during the next financial crisis. 'We told you so' is much better than 'we did everything we could and it still fell apart.' Better to engineer a mini-crisis while you're still in control than let a crisis you can't control run away from you, and better to pass the ticking time-bomb to the elected leadership while you still can." Continue reading →

Continue ReadingThe Case for Fed Tapering Sooner Rather Than Later