Bernanke’s QE3 Announcement in 90 seconds (CNN video)
“NEW YORK (CNNMoney) — The Federal Reserve announced plans to unleash more stimulus Thursday, in its third attempt at a controversial program to rev up the U.S. economy.
“The policy, known as quantitative easing and often abbreviated as QE3, entails buying $40 billion in mortgage-backed securities each month. The end date remains up in the air, as the Fed will re-evaluate the strength of the economy in coming months.
“The Fed is wasting no time. The purchases begin Friday and are expected to add up to only $23 billion for the remainder of September.
“The bond-buying policy “should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative,” the Fed’s official statement said.
“Meanwhile, the Fed will continue its existing policy known as Operation Twist. Together the two programs will add $85 billion in long-term bonds to the Fed’s balance sheet each month.
“In addition, the Fed also indicated that it plans to keep short-term interest rates at “exceptionally low levels” until mid-2015. Previously, the Fed had forecast rates would remain low until late 2014.
“The central bank’s main objective is to lower interest rates and mortgage rates in particular. By keeping rates low, the Fed hopes to fuel more spending and eventually, more hiring.
“Related: QE3 won’t create jobs
“The Fed has been trying to stimulate the economy for over three years now, and has exhausted its usual tool by keeping interest rates near zero since late 2008. Quantitative easing is an unconventional way of trying to lower rates further.
“But given that the unemployment rate has remained above 8%, the Fed is still not satisfied.
“The weak job market should concern every American. It imposes hardship on people and a waste of human skills and talents,” Fed Chairman Ben Bernanke said in a press conference later Thursday.”
Read more at CNNMoney
Breaking NEWS LIVE on RT: Violence sweeps Cairo as clashes erupt outside US embassy
It is not a secret that the U.S. government is funding Syrian rebels, who include members of Al Qaeda, but this may be the first time they have openly called for “two cheers” in praise of the radical Islamic Jihadists fighting against the Assad regime. I find it odd that the title is so complimentary, yet in the article it specifically says, “Of course, Syrian Islamists are no friends of the United States–merely the enemies of one of its enemies.” This is like smiling while delivering horrible news of betrayal. When I read that, I got this picture in my head of a woman smiling as she says to her friend “Let’s go celebrate your marriage with ice cream! Of course, your husband is cheating on you.” Backwards is forwards, up is down, wrong is right, logic is insanity.
Syria: TV station attacked, 7 staffers killed (Associated Press)
“Legendary market maven Bill Gross, the so-called “King of Bonds,” said investors will flat-out lose money if they continue employing the “buy and hold” strategies of the past.
“In his August Investment Outlook, Gross told investors that “financial repression, QEs of all sorts and sizes” and low interest rates will “dominate the timescape” for decades, maybe longer.
“Investors must adjust to the new world order to avoid being the loser in this zero-growth environment, Gross warned.
“Ultimately, Gross said, the stock market’s historical, inflation-adjusted 6.6% annual growth rate is unsustainable.
“Gross, of course, is a bond man.
“In March, he launched an ETF version of his popular Pimco Total Return Fund (PTTRX) – the world’s biggest mutual fund, with more than $260 billion in assets. The Pimco Total Return ETF (NYSE: BOND) quickly attracted $2.1 billion in total deposits and has outpaced the S&P 500 by more than 5% so far.
“But even bonds – both government-backed and corporate – can’t escape the realities of a no-growth economy.
“According to global economic trend forecaster Chris Martenson, a former VP of a Fortune 300 company, the historical growth rates investors have come to expect – in every asset class – are no longer mathematically possible.
“Right now, there are dangerous economic constraints,” he said, “mainly created by failed government policies, which show exponential growth in our markets is impossible.”
(Reuters) – U.S. regulators directed five of the country’s biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.
The two-year-old program, which has been largely secret until now, is in addition to the “living wills” the banks crafted to help regulators dismantle them if they actually do fail. It shows how hard regulators are working to ensure that banks have plans for worst-case scenarios and can act rationally in times of distress.
“Lawyers from The Rutherford Institute represented Brandon Raub during the three-hour hearing today at the John Randolph Medical Center and released a statement, saying Raub has been ordered to “up to 30 days’ further confinement in a VA psych ward” after “government officials againpointed to Raub’s Facebook posts as the sole reason for their concern and for his continued incarceration.”
“According to Raub’s mother, authorities from the FBI, Secret Service and Chesterfield County PD came to their door on Thursday evening, questioned Raub about his Facebook posts, then handcuffed him and placed him in a Chesterfield PD squad car before taking him to John Randolph Psychiatric Hospital in Hopewell, Va.”
“Both the FBI and Secret Service said Raub was not arrested or charged, but the Rutherford Institute statement points out that ”if the police have put handcuffs on you and you’re being held against your will, that qualifies as an arrest.”Read more: businessinsider.com
“Petraeus allowed that these household spy devices ‘change our notions of secrecy’ and prompt a rethink of ‘our notions of identity and secrecy.’ All of which is true — if convenient for a CIA director.”
CIA To Spy On You Through TV, Appliances (TYT network)
The NSA Is Building the Country’s Biggest Spy Center: Watch What You Say (wired.com)
“…secretly capturing, storing, and analyzing vast quantities of words and images hurtling through the world’s telecommunications networks.”
CIA Chief: We’ll Spy on You Through Your Dishwasher (wired.com)
“Petraeus allowed that these household spy devices ‘change our notions of secrecy’ and prompt a rethink of ‘our notions of identity and secrecy.’ All of which is true — if convenient for a CIA director.”
Meet ISIS, Mobile Wallet, Set To Launch Summer 2012 (thetimetimes.com)
Evidence: FBI Tracking And Monitoring Americans Via Smart Phones (infowars.com)
Why is the Aurora theater shooting a possible false flag? See the links and videos below.
(CBS News) The well-armed shooter in the Aurora movie theater massacre had a hit ratio twice what a police officer might achieve engaging with armed assailants in a street setting.
That suggests, says CBS News senior correspondent John Miller, that the suspect – who is believed to have planned his assault with precision – practiced shooting prior to the attack on the theater audience last Friday.
James Holmes, who made his first court appearance Monday, will face charges in the deaths of 12 people at the Century 16 theater. Fifty-eight others were also injured in the spree, most by gunfire.
“Here’s an individual who we see kind of lolling in court but who went into that theater, actually shooting and hitting with bullets more than 52 people of the 70 injured,” said Miller on “CBS This Morning.” “Here’s a guy who went in with what we think was about 100 rounds; that gives him a 50 percent hit ratio.
“From law enforcement, when you go on the range and you’re shooting at a paper target – it is standing still and waits for you – that’s a 90 to 94 percent hit ratio in a lot of places. In combat shooting in the street, police officers often hit in ranges of 21 to 25 percent of their targets.”
In addition, Miller said, the shooter was able to maintain that high ratio with three different types of weapons.
“He chose the shotgun, which you know the expression the ‘shotgun effect’ — it’s blasting out. That is one weapon, but he transitioned neatly from that to the AR-15 [semi-automatic assault rifle], which had that drum magazine of 100, which we believe jammed. And then he transitioned from that to the pistol until he was out of that ammunition.
“He was working effectively with three weapons,” Miller said. “So the idea that transitioning from three weapons he could have a 50 percent hit rate on moving targets in a confusing environment really goes to the idea that he’s been practicing somewhere.”
Read more here
Following the Aurora theater shooting, James Holmes surrendered to police without a struggle. While incarcerated, Holmes said he didn’t know where he was or why he was being jailed at the Arapahoe County Detention Center. Besides his amnesia, his complaints about the jail food and stomach aches seem like extremely peculiar things for someone to say after killing 12 people and injuring 58.
According to Wayne Madsen, James Holmes has connections to government-funded research centers, including DARPA. The Holmes family also has some interesting military connections. Read the article above and check the facts yourself. Links are provided.
Ben Swan raises serious questions about the James Holmes theater shooting narrative. Prisonplanet.com summarizes his questions:
“As Swann points out, eyewitnesses interviewed after the shooting such as Corbin Dates state that Holmes received a phone call from someone while he was inside the theater and responded by moving to the emergency exit, suggesting the call was an accomplice coordinating the attack.
“Dates also said he saw Holmes by the exit door “signaling somebody or looking for somebody to come his way.
“Another eyewitness added, “From what we saw he wasn’t alone – he had someone with him. Because the second can of tear gas didn’t come from his side….“We can only assume that someone got him in because what he was wearing seemed thick.”
“Instead of asking all those questions, national media want to focus all their attention on why guns were legal in the first place,” states Swann, adding, “National media seems too busy playing the political game and not busy enough looking into what really happened.”
Quote is at 1:58 second.
“… it’s possible… for us to manipulate temporal order, we have loads of power over temporal order, if events happen in the order A/B, a good psycho-physicist can have the subject experience it as B/A, this is routine…”
Tue Jul 24, 2012 8:45am EDT
NEW YORK, July 24, 2012
NEW YORK, July 24, 2012 /PRNewswire-USNewswire/ — Harvard University researchers’ review of fluoride/brain studies concludes “our results support the possibility of adverse effects of fluoride exposures on children’s neurodevelopment.” It was published online July 20 in Environmental Health Perspectives, a US National Institute of Environmental Health Sciences‘ journal (1), reports the NYS Coalition Opposed to Fluoridation, Inc. (NYSCOF)
“The children in high fluoride areas had significantly lower IQ than those who lived in low fluoride areas,” write Choi et al.
Further, the EPA says fluoride is a chemical “with substantial evidence of developmental neurotoxicity.”
Fluoride (fluosilicic acid) is added to US water supplies at approximately 1 part per million attempting to reduce tooth decay.
Water was the only fluoride source in the studies reviewed and was based on high water fluoride levels. However, they point out research by Ding (2011) suggested that low water fluoride levels had significant negative associations with children’s intelligence.
Choi et al. write, “Although fluoride may cause neurotoxicity in animal models and acute fluoride poisoning causes neurotoxicity in adults, very little is known of its effects on children’s neurodevelopment. They recommend more brain/fluoride research on children and at individual-level doses.
“It’s senseless to keep subjecting our children to this ongoing fluoridation experiment to satisfy the political agenda of special-interest groups,” says attorney Paul Beeber, NYSCOF President. “Even if fluoridation reduced cavities, is tooth health more important than brain health? It’s time to put politics aside and stop artificial fluoridation everywhere,” says Beeber.
After reviewing fluoride toxicological data, the NRC reported in 2006, “It’s apparent that fluorides have the ability to interfere with the functions of the brain.”
Choi’s team writes, “Fluoride readily crosses the placenta. Fluoride exposure to the developing brain, which is much more susceptible to injury caused by toxicants than is the mature brain, may possibly lead to damage of a permanent nature.”
Read more here
Story Number: NNS120823-20 Release Date: 8/23/2012 4:39:00 PM
GUANTANAMO BAY, Cuba (NNS) — Base officials at Naval Station (NS) Guantanamo Bay, Cuba set Condition of Readiness (COR) level 3 in preparation for tropical storm Isaac, Aug. 23.
COR conditions 5-1 notify base residents and EOC personnel on proper preparatory actions required to properly secure the installation.
COR 3 is set when destructive winds sustain greater than 50 knots and are anticipated to reach the installation within 48 hours.
According to NS Guantanamo Bay, Cuba Commanding Officer Capt. J.R. Nettleton, as the storm pushes rain and heavy winds toward the installation, preparations on the island include closing the hangars, securing buildings, moving people who are at risk into sturdier buildings, and hauling boats out of the water.
“Making the choice to be prepared is one I’m always going to make, because it’s about lives,” said Nettleton.
During COR 3, community members are encouraged to organize essential supplies including a three-day meal supply including non-perishable food and water. Base residents are also advised to ensure their personal vehicles are fueled. All recreational swimming, diving, and boating is suspended.
Some weather models are forecasting that the storm’s winds and rain could make landfall Aug. 25, affecting Cuba’s southeast corner.
COR 4 was initiated base-wide Aug. 22, and all weather patterns were tracked and prioritized in order to advise residents of proper preparatory actions.
Emergency and essential personnel from NS Guantanamo Bay’s Emergency Operations Center continue to evaluate and disseminate information as the storm progresses.
For more news from Naval Station Guantanamo Bay, visit www.navy.mil/local/guantanamo/.
CAUGHT IN THE CROSSFIRE: At least 19 people were wounded in shootings on the South and Southwest Sides from Thursday evening through early Friday.
Eight people were wounded in the most violent of the shooting of the night, a drive-by that occurred about 9:13 p.m. near the intersection of 79th Street and Kingston Avenue in the South Shore neighborhood, police said.
Seven males were shot, ranging in age from 14 to 28, and a 19-year-old woman also was wounded in the shooting, police said. The 28-year-old was listed in critical condition, but police said none of the wounded suffered life-threatening injuries.
At least 11 others were wounded in shootings on the South and Southwest Sides between 5:15 p.m. Thursday and 1:45 a.m. Friday.
Police have made no arrests in the shootings, which were being investigated by area detectives.
The.45 caliber pistol had 8 rounds. 3 of the rounds were used on the dead victim, but 9 people were injured by gun shot. At least 12 rounds would have had to have been fired to injure and kill that many people , so who shot the innocent bystanders if Johnson’s gun only held 8 bullets? -thetimetimes.com
Blomberg “Once again, there’s an awful lot of guns out there.”
Gun used is a .45 caliber pistol that holds 8 rounds.
Bloomberg “This has nothing to do with terrorism.”
Mayor Bloomberg “Construction worker saw something and said something.”
Mayor Bloomberg & Commissioner – 9:03 a.m shot former coworker 3 times
Stresses this is a preliminary investigation.
Shooter is Jeffrey Johnson, age 53
Dead victim was 41 years old.
Used 45 caliber handgun.
2 women and 7 men shot.
Officers in place as part of counter-terrorism efforts shot gunman.
Mayor Bloomberg – Gunman was fired a year ago, 9 people shot, shooter and one other victim dead. NYPD responded immediately, aided by brave civilians.
Eyewitness: 20 to 30 shots fired by gunman- NBC
Gunman ran from Empire State building across the street firing shots on Fifth avenue and 34th St. – NBC
Fifth Avenue shut down. – NBC
Gunman – wearing green with bag over his shoulder, caucasian. Police came out of shops as soon as thy heard shots fired. – NBC
Shooter used buckshot, requiring fewer shots to befired. – NBC
NOT terrorism. Shooter is a male in his twenties, and was fired yesterday. – NBC
Eyewitness says 3 people dead. People knocked down in stampede. “Five or six shots.” – NBC
Some people are now allowed to exit Empire State building but no one can enter. Waiting for Mayor’s press conference at 11 a.m. – NBC
2 dead, 8 injured, NOT terror related. – NBC.
Shooter is male, twenties – NBC
People in Empire State building not allowed to leave. – NBC
Many incorrect stories going around. – ABC
“It could happen anywhere.” – ABC
NYPD response time “unparallelled” – ABC
NYPD had “scene contained in 15 minutes” – ABC
Not worried about any other shooters in the area.
ABC stresses FBI said this is NOT terrorism.
Two dead including shooter dead.
FBI “immediately” says NOT terrorism.
“a workplace dispute that spilled out onto the street.”
10 people injured, 4 shot.
There will be a police briefing at 11am according to a Reuters reporter. – Reuters
Two people killed in Empire State shooting: New York police source
NEW YORK | Fri Aug 24, 2012 10:09am EDT
(Reuters) – Two people were killed and at least eight were wounded in a shooting outside the landmark Empire State Building in New York City on Friday, according to a police source.
One of the dead was the shooter, the source said, adding that there was no apparent link to terrorism.
“I heard the gunshots,” said Dahlia Anister, 33, who works at an office near the 102-story Empire State Building. “It was like pop, pop, pop. It was definitely in a bunch.”
The victims were shot shortly after 9 a.m. on the sidewalk on Fifth Avenue outside the building in Midtown Manhattan.
The shooting broke out at the height of the tourist season outside one of New York City’s most popular attractions, startling tourists and commuters in one of the busiest areas of the city.
The building is two blocks from Pennsylvania Station, one of New York City’s main transportation hubs.
The United States has had two other mass shooting cases this summer. On July 20, James Holmes, 24, allegedly opened fire at a midnight screening of the Batman film “The Dark Knight Rises” in Aurora, Colorado, killing 12 people and wounding 58.
On August 5, a gunman killed six people and critically wounded three at a Sikh temple outside Milwaukee before police shot him dead in an attack authorities treated as an act of domestic terrorism.
The Empire State Building was the world’s tallest building for 40 years from its completion in 1931 until construction of the World Trade Center. Following the September 11, 2001, attacks, it was again the tallest building in the city.
(Reporting by Lily Kuo and Mark Hosenball; Editing by Anthony Boadle and Bill Trott)
From Reuters Two people killed in Empire State shooting: New York police source
From NBC New York
Police say at least two people were shot outside the Empire State Building Friday morning.
Authorities said emergency personnel received a call about the shooting at Fifth Avenue and 34th Street just after 9 a.m.
The circumstances of the shooting weren’t immediately clear. The conditions of the people shot also weren’t known.
At least one person was seen being taken away in a stretcher.
Anyone traveling in the area is advised to expect road closures and detours.
Check back for details on this developing story.
Several people shot outside Empire State Building (Huffington Post)
NEW YORK — New York City officials say several people have been shot outside the Empire State Building and that the gunman is dead.
City police say three or four civilians have been wounded in the Friday morning shooting and that the shooter is dead.
A fire department spokesman says it received a call about the shooting just after at 9 a.m. Friday and that emergency units were on the scene within minutes.
The spokesman had no information about how many people were wounded or their conditions.
The shooting occurred at 34th Street and Fifth Avenue.
Video: The man who armed the Panthers (Center for Investigative Reporting cironline.org)
“The man who helped arm the Black Panthers in the 1960s turns out to have been an FBI informant, according to FBI files uncovered by journalist Seth Rosenfeld.
“A mysterious character who sported sunglasses even at night, Richard Aoki was a militant leader of the Third World strike and an activist with the Asian American Political Alliance at UC Berkeley.
“The revelation about Aoki’s role as an informant emerged from FBI files and an interview with the agent who says he recruited Aoki. Rosenfeld spent the last 30 years researching the history of the FBI and radicals in Berkeley for his new book, “Subversives: The FBI’s War on Student Radicals, and Reagan’s Rise to Power,” publishing tomorrow.”
Seth Rosenfeld, Center for Investigative Reporting
“The man who gave the Black Panther Party some of its first firearms and weapons training – which preceded fatal shootouts with Oakland police in the turbulent 1960s – was an undercover FBI informer, according to a former bureau agent and an FBI report.
One of the Bay Area’s most prominent radical activists of the era, Richard Masato Aoki was known as a fierce militant who touted his street-fighting abilities. He was a member of several radical groups before joining and arming the Panthers, whose members received international notoriety for brandishing weapons during patrols of the Oakland police and a protest at the state Capitol.
Aoki went on to work for 25 years as a teacher, counselor and administrator at the Peralta Community College District, and after his suicide in 2009, he was revered as a fearless radical.
But unbeknownst to his fellow activists, Aoki had served as an FBI intelligence informant, covertly filing reports on a wide range of Bay Area political groups, according to the bureau agent who recruited him.
That agent, Burney Threadgill Jr., recalled that he approached Aoki in the late 1950s, about the time Aoki was graduating from Berkeley High School. He asked Aoki if he would join left-wing groups and report to the FBI.
“He was my informant. I developed him,” Threadgill said in an interview. “He was one of the best sources we had.”
The former agent said he asked Aoki how he felt about the Soviet Union, and the young man replied that he had no interest in communism.
“I said, ‘Well, why don’t you just go to some of the meetings and tell me who’s there and what they talked about?’ Very pleasant little guy. He always wore dark glasses,” Threadgill recalled.
Book details role
Aoki’s work for the FBI, which has never been reported, was uncovered and verified during research for the book by this reporter, “Subversives: The FBI’s War on Student Radicals, and Reagan’s Rise to Power.” The book, based on research spanning three decades, will be published Tuesday by Farrar, Straus and Giroux.
In 2007, two years before he committed suicide, Aoki was asked in a tape-recorded interview for the book if he had been an FBI informant. Aoki’s first response was a long silence. He then replied, ” ‘Oh,’ is all I can say.”
Later during the same interview, Aoki contended the information wasn’t true.
Asked if this reporter was mistaken that Aoki had been an informant, Aoki said, “I think you are,” but added: “People change. It is complex. Layer upon layer.”
FBI code number
The FBI later released records about Aoki in response to a federal Freedom of Information Act request made by this reporter. A Nov. 16, 1967, intelligence report on the Black Panthers lists Aoki as an “informant” with the code number “T-2.”