What Could Possibly Go Wrong

CFR Reports on Deadly Viruses That Become the Property of Sovereign Nations

"CFR Senior Fellow for Global Health Laurie Garrett writes, 'Like the SARS virus, MERS ravages the lungs of infected people, causing pneumonia and acute respiratory distress. …But unlike SARS, it also attacks the kidneys, causing renal failure.' 'There is no cure, rapid diagnostic test, or vaccine for MERS-CoV,' Garrett adds. But the ability to develop a treatment for the epidemic is being impeded by a concept known as 'viral sovereignty' – the idea that deadly viruses are the property of sovereign nations." Continue reading →

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Bunnies glow green in the dark, join lots of other glowing animals

"Earlier this week, a litter of bunnies were born in Istanbul. Scientists were pleased. That’s because two of the bunnies have been successfully genetically engineered to glow in the dark, a feat that the team of scientists from the University of Hawaii and a Turkish lab say demonstrates advanced genetic modification. These are not the first glow-in-the-dark rabbits: In 2000, artist Eduardo Kac commissioned a French lab to create for him a luminescent rabbit, Alba, also using borrowed genes from jellyfish. He called that rabbit art. The scientists called it science. A philosophical tussle ensued. And then a legal one. The glowing rabbit died before the matter was settled." Continue reading →

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Attorney for Whistleblower: 400 U.S. Missiles Stolen in Benghazi

"On August 12, Joe DiGenova, attorney for one of the Benghazi whistleblowers, told Washington D.C.'s WMAL that one of the reasons people have remained tight-lipped about Benghazi is because 400 U.S. missiles were 'diverted to Libya' and ended up being stolen and falling into 'the hands of some very ugly people.' DiGenova represents Benghazi whistleblower Mark Thompson. He told WMAL that he 'does not know whether [the missiles] were at the annex, but it is clear the annex was somehow involved in the distribution of those missiles.'" Continue reading →

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The Secret Plot to Prop Up the Municipal Bond Market

"Not only are capital regulations, written as parts of Basel II and Basel III, driving banks to hold government instruments such as US Treasury securities, but it is also driving banks to buy junk municipal debt. The disclosure that European banks are holding bad Detroit paper confirms my suspicions as to the true principles of the so-called safety guidelines capital requirements. They are no such thing, they are crony rules designed to prop up risky government paper. In time, as more government regions from Puerto Rico to Chicago and Los Angeles go into a financial crisis stage, we will learn of even more global bank exposure to debt from these sectors." Continue reading →

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Worried About Obamacare? The Government’s “Federal Data Hub” Is Here to Help

"If you’re confused about the Affordable Care Act, otherwise known 'Obamacare,' worry not. The federal government has conveniently used your tax money to hire 'patient navigators' to help you understand… and enroll you in the program. These otherwise unassuming civil servants will help you learn about the act, navigate its complexities, and select the benefits that fit your criteria. They will also have access to your personal information. All of it. The hub will 'bring together information about you and your family from the Treasury Department and IRS, the Department of Homeland Security [and] the Department of Justice…'" Continue reading →

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The Taper Trap

"The big question these days is this: 'When will the Federal Reserve System start to taper off its purchases of U.S.Treasury debt and Fannie/Freddie debt?' The commonly held view is next month. A Reuter’s reporter went up to David Kotok’s annual gathering at Leen Lodge in Maine. He brings in 50 or so big names in the investment world. They can chat with each other. There are formal presentations. She asked several of them when the FED will taper. The answer was unified: not soon. Pippa Malmgren said it best: if the FED moves from buying 75% of the Treasuries issued this year to selling them, the market will react violently." Continue reading →

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Vigilante Detroit residents attack suspected rapist after police fail to act

"Residents in southwest Detroit took matters into their own hands after local police delayed prosecution on a suspected rape in their neighborhood. According to the Detroit Free Press, a group of residents twice attacked the unidentified 43-year-old man on Aug. 5, believing him to be responsible for raping a 15-year-old girl who has Down’s Syndrome, leaving him with wounds on his legs and head. No arrests have been made in either attack against the alleged rapist. The campaign against the man began online, with Facebook posts featuring a picture of the man and warnings like, 'The law better find this fool before the streets do.'" Continue reading →

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Are Mexican drug cartels recruiting U.S. soldiers as hit men?

"What would cause U.S. soldiers to utilize their skills in such ways? Well, quite frankly, the pay is good — really good. From their military income, Walker brings home around $2,500 per month and Corley about $4,500. Both had agreed to perform the hits for $50,000 each in addition to receiving a supply of cocaine. Burton said that trained soldiers from the U.S., Mexico and Guatemala are highly sought after — and extremely valuable — to the cartels, who can more readily and easily transport drugs into and throughout the states, as well as carry out hits within the country using U.S. servicemen." Continue reading →

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Why “Tapering” Will Not Go Smoothly — and What That Means for Bonds and Stocks

"If you buy the party line that Wall Street and the Federal Reserve is pushing, the process of 'tapering' back on Quantitative Easing (QE) will be relatively painless. All the Fed has to do is gradually, slowly, predictably, and gently ease back on its bond purchases and, they say, it will have minimal market impact. My take? Fuhgeddaboudit … it will be anything but smooth. And this week, I’ll use the Fed’s own comments — and a shocking Fed chart — to show you why." Continue reading →

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