A gang of criminals wearing yellow jackets (their gang colors) assault and kill an unarmed man in England.
http://www.guardian.co.uk/uk/video/2009/apr/07/g20-police-assault-video
The man who shot the footage, a fund manager from New York who was in London on business, said: "The primary reason for me coming forward is that it was clear the family were not getting any answers."
The Guardian's dossier also includes a sequence of photographs, taken by three different people, showing the aftermath of the attack, as well as witness statements from people in the area at the time.
A number of witnesses provided time and date-stamped photographs that substantiate their accounts.
Tuesday, April 07, 2009
Friday, April 03, 2009
Mark-To-Fantasy
FASB caved in to political pressure and will allow companies to guess at market values. This will allow "assets" to be priced at fantasy levels, thus reducing required reserves and making insolvent companies appear to be solvent.
In time, people will understand the impossibility of valuing companies and investors in mark-to-fantasy companies and industries will simply leave. In the meantime, bankers are relieved they will be able to manipulate "earnings" to ensure bonuses and the stock market is due for a relief rally.
Charles Bowsher understands the FASB change will allow more fraud, and he resigns postition on Board of Directors of Federal Home Loan Banks (2nd largest borrower in USA after the Feds). Charles Bowsher was previously the USA's Comptroller General.
Honest Man Emerges From Muck of Banking Crisis: Jonathan Weil
April 2 (Bloomberg) -- Remember this man’s name: Charles Bowsher. He’s one of the few people leaving the banking crisis behind with his reputation enhanced.
Bowsher, who was comptroller general of the U.S. from 1981 to 1996, had a simple reason for resigning last week as chairman of the Federal Home Loan Bank System’s Office of Finance. He didn’t want to put his name on the banks’ combined financial statements, because he was uncomfortable vouching for them. Bowsher, 77, had held the post since April 2007.
...
Office of Finance Announces Resignation of Board Chairman
The FHLBanks Office of Finance, the debt issuance facility of the Federal Home Loan Banks, announced today that Charles A. Bowsher has resigned as the private citizen member of the Office of Finance Board of Directors. ...
FHLB Chairman Disgusted With FASB Accounting Alchemy, Quits
When the man in charge of the second largest borrower in the U.S. is willing to lose his job due to his discomfort with the FASB's shift in accounting rules, you can bet that the tragic fallout of all the "market buoying" recent events is only a matter of time. ...
Charles Bowsher, who was most recently Chairman of the Federal Home Loan Bank System's Office of Finance and previously served as U.S. comptroller general may be the only truly honorable man in the socialist nexus of politics and finance. The reason for his departure from this critical post - his discomfort in vouching for the banks' combined financial statements. And as Weil puts it succinctly: "Now the question for taxpayers is this: If Charles Bowsher can’t get comfortable with these banks’ financial statements, why should anybody else be?" ...
In time, people will understand the impossibility of valuing companies and investors in mark-to-fantasy companies and industries will simply leave. In the meantime, bankers are relieved they will be able to manipulate "earnings" to ensure bonuses and the stock market is due for a relief rally.
Charles Bowsher understands the FASB change will allow more fraud, and he resigns postition on Board of Directors of Federal Home Loan Banks (2nd largest borrower in USA after the Feds). Charles Bowsher was previously the USA's Comptroller General.
Honest Man Emerges From Muck of Banking Crisis: Jonathan Weil
April 2 (Bloomberg) -- Remember this man’s name: Charles Bowsher. He’s one of the few people leaving the banking crisis behind with his reputation enhanced.
Bowsher, who was comptroller general of the U.S. from 1981 to 1996, had a simple reason for resigning last week as chairman of the Federal Home Loan Bank System’s Office of Finance. He didn’t want to put his name on the banks’ combined financial statements, because he was uncomfortable vouching for them. Bowsher, 77, had held the post since April 2007.
...
Office of Finance Announces Resignation of Board Chairman
The FHLBanks Office of Finance, the debt issuance facility of the Federal Home Loan Banks, announced today that Charles A. Bowsher has resigned as the private citizen member of the Office of Finance Board of Directors. ...
FHLB Chairman Disgusted With FASB Accounting Alchemy, Quits
When the man in charge of the second largest borrower in the U.S. is willing to lose his job due to his discomfort with the FASB's shift in accounting rules, you can bet that the tragic fallout of all the "market buoying" recent events is only a matter of time. ...
Charles Bowsher, who was most recently Chairman of the Federal Home Loan Bank System's Office of Finance and previously served as U.S. comptroller general may be the only truly honorable man in the socialist nexus of politics and finance. The reason for his departure from this critical post - his discomfort in vouching for the banks' combined financial statements. And as Weil puts it succinctly: "Now the question for taxpayers is this: If Charles Bowsher can’t get comfortable with these banks’ financial statements, why should anybody else be?" ...
Cortisol and Autism
It would be interesting to determine if diet and/or exercise would moderate the Asperger condition.
Asperger Syndrome Tied to Low Cortisol Levels
THURSDAY, April 2 (HealthDay News) -- Low levels of a stress hormone may be responsible for the obsession with routine and dislike for new experiences common in children with a certain type of autism.
U.K. researchers found that children with Asperger syndrome (AS) do not experience the normal twofold increase of cortisol upon waking up. Levels of the hormone in their bodies do continue to decrease throughout the day, though, just as they do in those without the syndrome.
...
Asperger Syndrome Tied to Low Cortisol Levels
THURSDAY, April 2 (HealthDay News) -- Low levels of a stress hormone may be responsible for the obsession with routine and dislike for new experiences common in children with a certain type of autism.
U.K. researchers found that children with Asperger syndrome (AS) do not experience the normal twofold increase of cortisol upon waking up. Levels of the hormone in their bodies do continue to decrease throughout the day, though, just as they do in those without the syndrome.
...
Wednesday, April 01, 2009
Job Offshoring Patent
IBM tries to patent a computer system that will manage job offshoring while minimzing tax liabilities.
IBM files for patent on offshoring jobs
By Christine Young
Times Herald-Record
Posted: March 30, 2009
As IBM was firing thousands of American workers last week, the U.S. Patent and Trademark Office published Big Blue's application to copyright a computerized system that calculates how to offshore jobs while maximizing government tax breaks.
Update: IBM withdraws its application, calling it an error.
In their application to patent a "method and system for strategic global resource sourcing," five Hudson Valley IBMers describe how it weighs such plans as "50 percent of resources in China by 2010," against such factors as labor costs, infrastructure and the "minimum head count to qualify for incentives."
...
IBM files for patent on offshoring jobs
By Christine Young
Times Herald-Record
Posted: March 30, 2009
As IBM was firing thousands of American workers last week, the U.S. Patent and Trademark Office published Big Blue's application to copyright a computerized system that calculates how to offshore jobs while maximizing government tax breaks.
Update: IBM withdraws its application, calling it an error.
In their application to patent a "method and system for strategic global resource sourcing," five Hudson Valley IBMers describe how it weighs such plans as "50 percent of resources in China by 2010," against such factors as labor costs, infrastructure and the "minimum head count to qualify for incentives."
...
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