Monday, October 13, 2014

Census Bureau Worker Blows The Whistle On The Employment Report




NY Post
John Crudele

A field supervisor in the Census Bureau’s Denver region has informed her organization’s higher-ups, the head of the Commerce Department and congressional investigators that she believes economic data collected by her office is being falsified.

And this whistleblower — who asked that I not identify her — said her bosses in Denver ignored her warnings even after she provided details of wrongdoing by three different survey takers.

The three continued to collect data even after she reported them.

When I spoke with this whistleblower earlier this year as part of my investigation of Census, she told me that hundreds of interviews that go into the Labor Department’s unemployment rate and inflation surveys would miraculously be completed just hours before deadline.

The implication was that someone with the ability to fill in the blanks on incomplete surveys was doing just that.

The Denver whistleblower also provided to the House Committee on Oversight and Government Reform the names of other Census workers who can spill the beans about data fraud in other regions.

Census is broken up into six regions. Cheating has already been proven in the Philadelphia region. And with this whistleblower’s letter, Census authorities now have allegations that the same kind of nonsense was going on in Denver — that office covers Arizona, Colorado, Kansas, Montana, Nebraska, New Mexico, North Dakota, South Dakota, Oklahoma, Texas, Utah and Wyoming

The Oversight Committee recently completed a report along with the Joint Economic Committee of Congress that verified one case of falsification in the Philly office. But the committee said it couldn’t prove or disprove that there was a nationwide pattern of data fraud because Commerce — which oversees Census — had “obstructed” its investigation.

“There are serious issues within the Census Bureau Denver regional office management and I feel it’s time that you are made aware of them,” the whistleblower wrote on Sept. 30 to Penny Pritzker, the head of Commerce, and Wayne Hatcher, associate director of Census Field operations.



Sunday, October 5, 2014

Downsize Your Life at Retirement

retirement


Louis G. Scatigna, CFP | Friday, October 03, 2014

Great Article by Lou Scatigna

For many people, retirement is the Promised Land. It’s a time they always dreamed of when they no longer have to work and will finally have time to do as they please. To reach their goal, they played by the book: they saved, invested, and built up nice retirement funds. Now, after years of putting their families first, they get to focus on themselves and do what they want. Or so they think.

Retirees often struggle because retirement can be a dramatic change. It’s not just trading a career for a life of leisure, action for inaction, and large paychecks for smaller dividends. It can involve less excitement, responsibilities, challenges, growth, and prestige. All of a sudden, you’re not so busy or constantly making important decisions. You’re no longer in the center of all the action, but on the sidelines, out of the game. You’re not surrounded by dynamic, stimulating people who you like and admire and not doing what you are so expert at.

To ease the transition, many people try to keep other aspects of their lives at the same level they enjoyed when they were working and their incomes were at their peaks. To fill the gaps, they try to live full, wonderful lives by remaining active, eating well, taking courses, entertaining, and traveling.

When you retire, your life will be different, you won’t have the same needs. So it’s essential to make adjustments so you can get the most out of your life. Since your income will be reduced, downsize the parts of your life that you no longer need. Downsizing will save you money, time, and aggravation.

The most important item to downsize is your home, because in retirement, housing expenses are usually the largest item in your budget. When you retire, your choice of housing will determine your lifestyle. The lower your housing costs, the more money you will have available for other things.

Most retirees don’t need to live in big houses with lots of rooms; it can be an expensive luxury. The bigger the home, the more it costs to maintain. Plus, it takes much more work, which many retirees can no longer do. In addition to larger mortgage payments or rents, bigger homes usually have higher property taxes, insurance premiums, maintenance, and utility costs.

The money for those additional costs could be used to improve your lifestyle during your retirement years.

Although downsizing their homes will improve their financial health, many retirees can’t make the move. They’re comfortable in their homes and may have strong emotional ties and wonderful memories. For years, their home was the center of their lives, the nest where they raised their family and the scene of many memorable events. They know all their neighbors and consider them friends.

Many retirees spent years improving their homes and making them exactly the way they wanted. They landscaped, planted trees, and added extra rooms. Frequently, they did a lot of the work themselves. Now that their homes are finally completed, they don’t want to leave. Many feel deeply rooted and too old to move. So they stay put.
Unfortunately, many retirees are trapped in their expensive homes. After they pay their living expenses, they have no money left to enjoy anything else in their lives.

If retirees downsize by selling their homes and buying or renting smaller, less expensive ones, it can free substantial amounts of money that they can invest to generate income. Since many have lived in their homes for years, they have built up a lot of equity that can be earning money for them.

When my father retired, my parents had the choice to continue living in the family home or moving to a smaller residence. Had they stayed in their house, virtually all of their income would have been spent paying for and maintaining their home. It would have cut down on what they could do and they would never have been able to travel or expand their lives.


More >>>

Monday, September 1, 2014

"Dawn Of Libya" Islamist Militia Group Seizes US Embassy In Tripoli, Holds Pool Party





Submitted by Tyler Durden on 08/31/2014 12:50 -0400

Probably the ‘oddest’ headline of the day but in yet another show of disdain towards US military might, the Islamist militia group known as "Dawn Of Libya" has ‘secured’ an annex of the U.S. embassy in Tripoli. As Reuters reports, the United States evacuated its embassy in Tripoli on July 26, driving diplomats across the border into Tunisia; but a YouTube video showed the breach of the vacated diplomatic facility by an armed group, with fighters seen milling around a swimming pool. A rebel takeover of the compound would now deliver another symbolic blow to U.S. policy toward Libya, which Western governments fear is teetering toward becoming a failed state.
Members of a Libyan rebel militia have entered an annex of the U.S. embassy in Tripoli but have not broken into the main compound where the United States evacuated all of its staff last month, a U.S. official said on Sunday.
It was not immediately known how close the annex, apparently made up of diplomatic residences, is to the embassy itself. Libya has been rocked by the worst factional violence since the 2011 fall of Muammar Gaddafi.
The United States evacuated its embassy in Tripoli on July 26, driving diplomats across the border into Tunisia. A rebel takeover of the compound would now deliver another symbolic blow to U.S. policy toward Libya, which Western governments fear is teetering toward becoming a failed state.

Russia demands publication of recordings from downed flight MH17

The data from the black boxes should be published, says Russia's deputy defence minister, saying the 'Boeing catastrophe throws up more and more questions'


 Russia is demanding to know why international investigators have yet to publish the black box data from a Malaysian airliner that was shot down over eastern Ukraine in July, a deputy defence minister said in an interview published on Saturday.

Moscow blames Ukraine for the disaster, in which all 298 passengers and crew were killed. In a version of events widely believed in the West, Ukraine says the Boeing 777 was shot down by pro-Russian separatists with a surface-to-air missile.

"The Boeing catastrophe throws up more and more questions. But lately not many people are talking about this," Anatoly Antonov, deputy defence minister, told RIA news agency.

"Why have the data still not been published about the conversations between the air traffic controllers and the pilots of the Boeing? Why haven’t the data been presented from the international investigation of the black boxes? Who doesn't want this to happen?"

The interview marked the latest example of Moscow’s attempts to go on the media offensive at a time when it faces intense international pressure over mounting evidence of its military support for the rebels, something it continues to deny.

Sunday, July 27, 2014

Price of Beef and Bacon Reach All-Time High




July 22, 2014

(CNSNews.com) – The price of beef and bacon hit its all-time high in the United States in June, according to data released Tuesday by the Bureau of Labor Statistics (BLS).In January 1980, when BLS started tracking the price of these commodities, ground chuck cost $1.82 per pound and bacon cost $1.45 per pound. By this June 2014, ground chuck cost $3.91 per pound and bacon cost $6.11 per pound.

A decade ago, in June 2004, a pound of ground chuck cost $2.49, which means that the commodity has increased by 57 percent since then. Bacon has increased by 78.7 percent from the $3.42 it cost in June 2004 to the $6.11 it costs now.

In one month, beef increased from $3.85 in May 2014 to $3.91 in June 2014. Bacon increased from $6.05 in May 2014 to $6.11 in June 2014.



Each month, the BLS employs data collectors to visit thousands of retail stores all over the United States to obtain information on the prices of thousands of items to measure changes for the Consumer Price Index (CPI). The CPI is simply the average change over time in prices paid by consumers for a market basket of goods and services.

The BLS found that there was a 0.1 percent change in the food index in June, which tracks foods like meats, poultry, fish, eggs and dairy, as well as many others. “The index for meats, poultry, fish, and eggs increased in June, though its 0.2 percent increase was its smallest since December,” stated BLS.

“The index for food at home has increased 2.4 percent over the past year, with the index for meats, poultry, fish and eggs up 7.5 percent,” BLS stated.

More >>>

Monday, July 21, 2014

What Happened to the Malaysian Airliner?

Excellent contrarian view from Paul Craig Roberts, he always seems to right on the money. This leads one to believe they may want to hold judgment until the investigation has concluded. 


Paul Craig Roberts

Washington’s propaganda machine is in such high gear that we are in danger of losing
the facts that we do have.

One fact is that the separatists do not have the expensive Buk anti-aircraft missile system or the trained personnel to operate it.

Another fact is that the separatists have no incentive to shoot down an airliner and neither does Russia. Anyone can tell the difference between low-flying attack aircraft and an airliner at 33,000 feet.

The Ukrainians do have Buk anti-aircraft missile systems, and a Buk battery was operational in the region and deployed at a site from which it could have fired a missile at the airliner.

Just as the separatists and the Russian government have no incentive to shoot down an airliner, neither does the Ukrainian government nor, one would think, even the crazed extreme Ukrainian nationalists who have formed militias to take the fight against the separatists that the Ukrainian army is not keen to undertake–unless there was a plan to frame Russia.

One Russian general familiar with the weapon system offered his opinion that it was a mistake made by the Ukrainian military untrained in the weapon’s use. The general said that although Ukraine has a few of the weapons, Ukrainians have had no training in their use in the 23 years since Ukraine separated from Russia. The general thinks it was an accident due to incompetence.

Update: In a breaking article by Robert Parry in The Consortium News - What did U.S. Spy Satellites See

What I've been told by one source, who has provided accurate information on similar matters in the past, is that U.S. intelligence agencies do have detailed satellite images of the likely missile battery that launched the fateful missile, but the battery appears to have been under the control of Ukrainian government troops dressed in what look like Ukrainian uniforms.

The source said CIA analysts were still not ruling out the possibility that the troops were actually eastern Ukrainian rebels in similar uniforms but the initial assessment was that the troops were Ukrainian soldiers. There also was the suggestion that the soldiers involved were undisciplined and possibly drunk, since the imagery showed what looked like beer bottles scattered around the site, the source said.  More >>>

This explanation makes a certain amount of sense and far more sense than Washington’s propaganda. The problem with the general’s explanation is that it does not explain why the Buk anti-aircraft missile system was deployed near or in a separatist territory. The separatists have no aircraft. It seems odd for Ukraine to have an expensive missile system in an area in which it is of no military use and where the position could be overrun and captured by separatists.

As Washington, Kiev, and the presstitute media are committed to the propaganda that Putin did it, we are not going to get any reliable information from the US media. We will have to figure it out for ourselves.

More >>>

Monday, July 14, 2014

The world economy is just as vulnerable to a financial crisis as it was in 2007

According to the BIS the world economy is still just as vulnerable to a financial crisis as it was in 2007.- Gary


BIS chief fears fresh Lehman from worldwide debt surge

By Ambrose Evans-Pritchard

The world economy is just as vulnerable to a financial crisis as it was in 2007, with the added danger that debt ratios are now far higher and emerging markets have been drawn into the fire as well, the Bank for International Settlements has warned.
Jaime Caruana, head of the Swiss-based financial watchdog, said investors were ignoring the risk of monetary tightening in their voracious hunt for yield.

"The world economy is just as vulnerable to a financial crisis as it was in 2007" the Bank for International Settlements has warned.

“Markets seem to be considering only a very narrow spectrum of potential outcomes. They have become convinced that monetary conditions will remain easy for a very long time, and may be taking more assurance than central banks wish to give,” he told The Telegraph.

Mr Caruana said the international system is in many ways more fragile than it was in the build-up to the Lehman crisis. Debt ratios in the developed economies have risen by 20 percentage points to 275pc of GDP since then.


Credit spreads have fallen to to wafer-thin levels. Companies are borrowing heavily to buy back their own shares. The BIS said 40pc of syndicated loans are to sub-investment grade borrowers, a higher ratio than in 2007, with ever fewer protection covenants for creditors.

More >>>

Saturday, July 12, 2014

Whistleblower: NSA stores 80% of all phone calls, including full audio

The U.S. is practically bankrupt and still think they have the resources to spy on a 193 nations and it's own citizens. What the hell have we done to piss off that many countries. I get it, you need espionage, but at the least the U.S. is becoming paranoid and the worst we becoming a police state? 


Rt.com

At least 80 percent of all audio calls are gathered and stored by the NSA, whistleblower William Binney has revealed. The former code-breaker says the spy agency’s ultimate aim is no less than total population control.


The National Security Agency lies about what it stores, said William Binney, one of the highest profile whistleblowers to ever emerge from the NSA, at a conference in London organized by the Center for Investigative Journalism on July 5. Binney left the agency shortly after the 9/11 attacks on the World Trade Center because he was disgusted at the organizations move towards public surveillance.

“At least 80 percent of fiber-optic cables globally go via the US,” Binney said. “This is no accident and allows the US to view all communication coming in. At least 80 percent of all audio calls, not just metadata, are recorded and stored in the US. The NSA lies about what it stores.” 

More >>>

Additionally, another report from RT shows where NSA gathered 'startlingly intimate' data on ordinary citizens, Snowden data reveals.

A large proportion of the data classified as “useless” by analysts contained “startlingly intimate” material. This included “stories of love and heartbreak, illicit sexual liaisons, mental-health crises, political and religious conversions, financial anxieties and disappointed hopes.” The NSA also gathered around 5,000 personal photos.

“In some photos, men show off their physiques. In others, women model lingerie, leaning suggestively into a webcam or striking risque poses in shorts and bikini tops.”


Even though these files were branded as “useless” by intelligence analysts, they were still retained by the NSA and can be accessed at any time by analysts should the need arise.

Moreover, as reported by the Washington Post official documents provided by Mr. Snowden show proof concerning the extent of the NSA’s vast surveillance apparatus.
One of the documents—a file marked “top secret” from 2010 and approved by the US Foreign Intelligence Surveillance Court—shows that the NSA has been authorized to conduct surveillance on 193 foreign governments, as well as various factions and organizations around the world, including the International Monetary Fund, the European Union and the International Atomic Energy Agency.
“Virtually no foreign government is off-limits for the National Security Agency, which has been authorized to intercept information from individuals ‘concerning’ all but four countries on Earth, according to top-secret documents,” 
journalists Ellen Nakashima and Barton Gellman wrote for the Post.

Thursday, July 10, 2014

Iraq insurgents ‘seize nuclear materials’ from Mosul University



Iraq has told the United Nations that “terrorist groups” have seized nuclear materials used for scientific research at a university in the country’s north.

In a letter seen by Reuters, dated 8 July, the country appealed for help to “stave off the threat of their use by terrorists in Iraq or abroad”.

But the UN atomic agency said on Thursday it believed the nuclear material requisitioned by insurgents was “low grade” and did not pose a significant security risk.

Iraq’s UN Ambassador Mohamed Ali Alhakim told UN Secretary-General Ban Ki-moon in the letter that nearly 40 kilogrammes (88 pounds) of uranium compounds were kept at Mosul University.

“Terrorist groups have seized control of nuclear material at the sites that came out of the control of the state,” Alhakim wrote, adding that such materials “can be used in manufacturing weapons of mass destruction.”

The International Atomic Energy Agency “is aware of the notification from Iraq and is in contact to seek further details,” spokeswoman Gill Tudor said.

“On the basis of the initial information we believe the material involved is low grade and would not present a significant safety, security or nuclear proliferation risk.”

More >>>

Sunday, June 29, 2014

Target ISIS: First batch of Russian fighter jets arrives in Iraq



The first delivery of Russian Sukhoi fighter jets arrived in Iraq on Saturday, the country’s Defense Ministry said. Iraqi Prime Minister Nouri al-Maliki is hoping the jets will make a key difference in the fight against ISIS.

The Iraqi Ministry of Defense on Sunday confirmed receiving five Su-25 fighter jets in accordance with the deal with Moscow. The jets were delivered by a Russian An-124 transport plane in a dismantled state, and are expected to be set up and become operational within 3-4 days.

“The Sukhoi Su-25 is an air-ground support and anti-terrorism mission aircraft. In these difficult times, we are in great need of such aircraft. With God’s help, we will be able to deploy them to support our ground forces on a mission against the Islamic State in Iraq and the Levant militants within the next 3-4 days,” Iraqi Army Lieutenant General Anwar Hamad Amen Ahmed told RT’s Ruptly news agency at an airport receiving the jets.

According to Ahmed, Iraq will wage a “massive attack” on insurgents with the help of the jets.

“We have experienced pilots and other professionals. Our Russian friends have also sent their own experts to assist us in preparing the aircraft. All the logistics have been planned for as well,” the lieutenant general said.
More >>>

Sunday, June 15, 2014

Negative Interest Rates Signal Final Currency War


By Greg Hunter’s USAWatchdog.com


Financial analyst Andy Hoffman says the negative interest rates installed last week by the European Central Bank will eventually mean depositors will pay the banks in Europe to hold their money.  Hoffman explains, “I believe that will happen in time . . . inevitably there are only so many tools in the arsenal of the central bank.  They can print money and lower interest rates . . . all that stuff.  Now, the ECB, like the Bank of Japan, and the Fed are at the bottom of the barrel. . . . What they are trying to get them to do is for the banks to take the money out and lend it. . . . Of course, it’s ridiculous because they are not going to lend anything.  They are insolvent.  That’s why the ECB is also reinstating . . . their Long Term Refinancing Operation to liquefy banks like Deutsche Bank and Portugal’s Espirito Santo because they are in big trouble.  So, will it get down to depositors?  Well, you have two choices.  Either eat those losses, and I just mentioned, they are already drowning in insolvency, or pass them along to depositors.  Yes, I think in the coming months, you will see banks with negative deposit rates. . . . I would take my money out.”

So, where do you put money when bank deposits turn negative?  Hoffman, who has 15 years’ experience as a Wall Street analyst, contends, “Some people say gold is a barbarous relic and you can’t eat gold.  One of their favorite reasons why you shouldn’t own it is that it pays no interest.  Now, paying no interest is paying higher than a bank account is going to be paid.  We say at Miles Franklin that gold and silver is not an investment.  It’s your money.  It’s the way you used to think of money.  You didn’t worry that your bank would be insolvent . . . that the bank would be bailed in or bailed out with your taxpayer money.  Now, people are saying is it really safer to have my money in a bank?  Isn’t it safer to have gold and silver?  I think more and more people around the world . . . are going to realize gold and silver are real money.”

Sunday, April 20, 2014

Beef prices hit all-time high in U.S.

Health Care cost are up, Beef is up, Pork is up, Electricity is up, not to worry, Fed says there is no inflation - Gary




Extreme weather has thinned the nation’s cattle herds, roiling the beef supply chain from rancher to restaurant.
LA Times
la-fi-beef-prices-20140408-gCome grilling season, expect your sirloin steak to come with a hearty side of sticker shock.
Beef prices have reached all-time highs in the U.S. and aren’t expected to come down any time soon.
Extreme weather has thinned the nation’s beef cattle herds to levels last seen in 1951, when there were about half as many mouths to feed in America.
“We’ve seen strong prices before but nothing this extreme,” said Dennis Smith, a commodities broker for Archer Financial Services in Chicago. ”This is really new territory.”
The retail value of “all-fresh” USDA choice-grade beef jumped to a record $5.28 a pound in February, up from $4.91 the same time a year ago. The same grade of beef cost $3.97 as recently as 2008.
The swelling prices are roiling the beef supply chain from rancher to restaurant.
Norm Langer managed to go two years without raising prices at his famed Westlake delicatessen.
But last week, he reluctantly began printing new menus showing a 50-cent increase for sandwiches at his 67-year-old restaurant.
Langer accepts it’s one of the perils of business when your bread and butter happens to be corned beef and pastrami. But he fears he may have to raise prices again, driving away customers.
“No beef, no delicatessen. That’s the bottom line,” Langer said after a typically frenetic lunch service. “Jewish delis aren’t vegetarian, they’re based on corned beef and pastrami. Things are beyond my control. With the price increase, I hope my customers are tolerant.”
Langer said beef prices are the main reason his wholesale food costs have risen 45% in the last two years — much of it passed from his longtime supplier, R.C. Provision Inc.
The half-century-old Burbank company prepares corned beef, pastrami, roast beef and chili for L.A. icons such as Canter’s Deli, Pink’s Hot Dogs and Original Tommy’s Hamburgers. All the restaurants have to do is heat it up or slice it to their liking.
It’s been an increasingly difficult endeavor, with slaughterhouses driving up their prices for brisket and navel, an extra fatty portion of the belly crucial for making unctuous pastrami.
More…

Tuesday, April 15, 2014

BRICS countries to set up their own IMF

April 14, 2014 Olga Samofalova, Vzglyad




Very soon, the IMF will cease to be the world’s only organization capable of rendering international financial assistance. The BRICS countries are setting up alternative institutions, including a currency reserve pool and a development bank.
The BRICS countries (Brazil, Russia, India, China and South Africa) have made significant progress in setting up structures that would serve as an alternative to the International Monetary Fund and the World Bank, which are dominated by the U.S. and the EU. A currency reserve pool, as a replacement for the IMF, and a BRICS development bank, as a replacement for the World Bank, will begin operating as soon as in 2015, Russian Ambassador at Large Vadim Lukov has said.
Brazil has already drafted a charter for the BRICS Development Bank, while Russia is drawing up intergovernmental agreements on setting the bank up, he added.
In addition, the BRICS countries have already agreed on the amount of authorized capital for the new institutions: $100 billion each. "Talks are under way on the distribution of the initial capital of $50 billion between the partners and on the location for the headquarters of the bank. Each of the BRICS countries has expressed a considerable interest in having the headquarters on its territory," Lukov said.
More…