Mainstream News

Ex-CIA official to ask Italy for pardon for illegal U.S. ‘extraordinary rendition’

"Former CIA Milan station chief Robert Seldon Lady is to ask Italy’s president to pardon him for kidnapping an Egyptian Muslim cleric under the U.S. 'extraordinary rendition' program, his lawyer was quoted as saying on Monday. Lady was among 23 Americans sentenced at an Italian trial in 2009, the first time U.S. nationals had been convicted over the program, operated by the administration of former U.S. President George W. Bush during the so-called war on terror. Lady – 59, and now retired – escaped extradition in July from Panama, where he was detained after crossing the border from Costa Rica. He was released and returned to the United States." Continue reading →

Continue ReadingEx-CIA official to ask Italy for pardon for illegal U.S. ‘extraordinary rendition’

Jack Lew’s “Extraordinary Measures” on Debt Just “Cooking the Books”

"A little known story that got absolutely no coverage from the mainstream media surfaced last week about the reports from the Treasury Department’s Financial Management Service. The FMS reports both the Daily Treasury Statement and the Monthly Treasury Statement. According to these reports the federal deficit rose by $98 billion dollars in July, but somehow the federal government’s debt remained exactly the same at $16,699,396,000,000 for the whole month. It seems that Treasury Secretary, Jack Lew got a bit creative and magically decided to stop the addition of more debt from showing up in the reports. Wow, don’t we all wish we could do that?" Continue reading →

Continue ReadingJack Lew’s “Extraordinary Measures” on Debt Just “Cooking the Books”

The Hookah Lounge War Is On

"There are hundreds of hookah lounges in the U-S, mostly in college towns and urban areas. The lounges have enjoyed an exemption to clean indoor air laws because they have defined themselves as 'tobacco shops.' No more. The front line is here in Boston. After allowing a few lounges to open, the city has clamped down and passed a law that forces all of the city’s hookah lounges to shut down by 2019. 'There’s a risk that people who are non-smokers will [..] find themselves addicted to nicotine and needing to buy packs of Marlboros,' says Mark Gottlieb, executive director at the Public Health Advocacy Institute." Continue reading →

Continue ReadingThe Hookah Lounge War Is On

Glenn Greenwald’s partner detained at Heathrow airport for nine hours

"The partner of the Guardian journalist who has written a series of stories revealing mass surveillance programmes by the US National Security Agency was held for almost nine hours on Sunday by UK authorities as he passed through London's Heathrow airport on his way home to Rio de Janeiro. The 28-year-old was held for nine hours, the maximum the law allows before officers must release or formally arrest the individual. Miranda was released, but officials confiscated electronics equipment including his mobile phone, laptop, camera, memory sticks, DVDs and games consoles." Continue reading →

Continue ReadingGlenn Greenwald’s partner detained at Heathrow airport for nine hours

Bloomberg’s Public Housing Fingerprinting Idea Stuns, Infuriates Residents

"Mayor Michael Bloomberg’s latest crime-fighting idea had a lot of people riled up on Friday. The mayor wants to fingerprint more than 600,000 people who live in public housing. He said it would be done to make the projects safer. 'The people that live there, most of them, want more police protection. They want more people. If you have strangers walking in the halls of your apartment building, don’t you want somebody to stop and say, ‘Who are you, why are you here?'' But residents who live within the confines of NYCHA buildings said the mayor’s fingerprinting idea goes too far." Continue reading →

Continue ReadingBloomberg’s Public Housing Fingerprinting Idea Stuns, Infuriates Residents

Overseas Americans: Time to Say ‘Bye’ to Uncle Sam?

"Here is a sign that life is getting complicated for U.S. taxpayers with assets abroad: More of them are deciding they are better off cutting official ties with America. Daniel Kuettel, a Colorado native who lives near Zurich, says he gave up his U.S. citizenship in October because he feared he wouldn't be able to get a mortgage now that some Swiss banks are cutting ties with American clients. 'It was a really difficult decision. I had to think about what was best for me and my family, to reduce the risk,' says Mr. Kuettel, a 41-year-old software developer. He says his income was below the limit the U.S. allows overseas taxpayers to exempt and he owed no U.S. taxes." Continue reading →

Continue ReadingOverseas Americans: Time to Say ‘Bye’ to Uncle Sam?

Peru’s protesters shake up politics with challenge to President Humala

"The biggest political protests in Peru’s capital in more than a decade have pressured President Ollanta Humala to clean up government and share the benefits of the country’s decade-long economic boom. Many of the protesters were left-leaning and middle-class youth who voted for Humala two years ago, but now they say he and other political leaders are dangerously out of touch. The street protests peaked with a rally of around 8,000 at the end of July. They were small compared to other protest movements in Latin America, but the biggest in Lima since 2000, when demonstrators took to the streets against President Alberto Fujimori." Continue reading →

Continue ReadingPeru’s protesters shake up politics with challenge to President Humala

Argentina’s primary elections: Bad dress rehearsal

"The bizarre teaser election that Argentines had to take part in on August 11th was designed by Cristina Fernández, the president. She put her all into promoting her candidates, even flying her hand-picked hopeful for the most populous province of Buenos Aires to Brazil to be photographed with their compatriot, Pope Francis. Photographs of him, her and the pope were plastered across the province as campaign posters. The pontiff’s magic did not rub off. Ms Fernández’s Front for Victory (FPV) party did worse than at any time in its ten-year existence." Continue reading →

Continue ReadingArgentina’s primary elections: Bad dress rehearsal

Is sentiment toward gold shifting again?

"Gold has staged a big comeback in the recent weeks, rebounding over 13 percent since hitting a near three-year low late June, raising the question of whether investor sentiment toward the embattled precious metal is about to shift yet again. The metal, which traded close to a three-week high of $1,336 on Tuesday, has been supported by short covering and robust physical buying especially from China. Latest data from the China Gold Association (CGA) on Monday showed that the country's gold consumption rose 54 percent in the first half of the year, compared with the year-ago period." Continue reading →

Continue ReadingIs sentiment toward gold shifting again?

No Banker Left Behind

"The Detroit bankruptcy case has been cast as a contest between bondholders and pensioners that can be resolved only by shared sacrifice. What we do have a problem with is shared sacrifice that does not seem to apply to the big banks that abetted Detroit’s descent into bankruptcy. Last month, just days before its bankruptcy filing, Detroit reached its first settlement with creditors. The settlement was with UBS and Bank of America, and though the precise terms will not be nailed down until the bankruptcy judge weighs in, Detroit is set to pay an estimated $250 million to terminate a soured derivatives transaction from 2005." Continue reading →

Continue ReadingNo Banker Left Behind