Friday, November 6, 2009

Warming Cult Supported By Big Oil

http://blogs.wsj.com/environmentalcapital/2009/10/02/exxons-tillerson-forget-cap-and-trade-carbon-tax-is-the-answer/

A common charge leveled against global warming skeptics is that they are on the payroll of transnational oil companies, when in fact the opposite is true, oil companies are amongst the biggest promoters of climate change propaganda, emphasized recently by Exxon Mobil’s call for a global carbon tax.

Exxon chief executive Rex Tillerson renewed his attack in a speech last night on a cap-and-trade plan, like that included in the latest Senate climate bill, and again explained his preference for a straight tax on carbon emissions. He’s been down that road before, though now he’s gotten into Washington’s spirit of euphemisms:
“I know that’s hard for a politician to say, so we have given it a new name. We call it a ‘refundable greenhouse gas emissions fee.’”


Tillerson brazenly called out the cap and trade agenda for what it was, an effort to impose a carbon tax camouflaged only by a slick sales pitch and deceptive rhetoric.
“It is easier and more politically expedient to support a cap-and-trade approach, because the public will never figure out where it is hitting them,” said Tillerson.

“They will just know they hurt somewhere in their pocketbook,” he added, pointing out that he disagreed with this convoluted method of introducing a carbon tax, arguing instead that it would be more successful to openly propose a straight carbon tax.

Former UK ambassador: CIA sent people to be ‘raped with broken bottles’

http://rawstory.com/2009/11/ambassador-cia-people-tortured/

The CIA relied on intelligence based on torture in prisons in Uzbekistan, a place where widespread torture practices include raping suspects with broken bottles and boiling them alive, says a former British ambassador to the central Asian country.

Craig Murray, the rector of the University of Dundee in Scotland and until 2004 the UK's ambassador to Uzbekistan, said the CIA not only relied on confessions gleaned through extreme torture, it sent terror war suspects to Uzbekistan as part of its extraordinary rendition program.

"I'm talking of people being raped with broken bottles," he said at a lecture late last month that was re-broadcast by the Real News Network. "I'm talking of people having their children tortured in front of them until they sign a confession. I'm talking of people being boiled alive. And the intelligence from these torture sessions was being received by the CIA, and was being passed on."

Italian Judge Convicts 23 in CIA Rendition/Kidnap Case

http://www.google.com/hostednews/ap/article/ALeqM5iFK6jJ12W23VZD-Hsw_RZIo67JnwD9BOUKQO0

MILAN — An Italian judge found 23 Americans and two Italians guilty Wednesday in the kidnapping of an Egyptian terror suspect, delivering the first legal convictions anywhere in the world against people involved in the CIA's extraordinary renditions program.

Human rights groups hailed the decision and pressed President Barack Obama to repudiate the Bush administration's practice of abducting terror suspects and transferring them to third countries where torture was permitted.

The Obama administration ended the CIA's interrogation program and shuttered its secret overseas jails in January but has opted to continue the practice of extraordinary renditions.

The Americans, who were tried in absentia, now cannot travel to Europe without risking arrest as long as the verdicts remains in place.

Despite the convictions capping the nearly three-year Italian trial, several Italian and American defendants — including the two alleged masterminds of the abduction — were acquitted due to either diplomatic immunity or because classified information was stricken by Italy's highest court.

Fox News gets okay to misinform public, court ruling

http://ceasespin.org/ceasespin_blog/ceasespin_blogger_files/fox_news_gets_okay_to_misinform_public.html

On February 14, a Florida Appeals court ruled there is absolutely nothing illegal about lying, concealing or distorting information by a major press organization. The court reversed the $425,000 jury verdict in favor of journalist Jane Akre who charged she was pressured by Fox Television management and lawyers to air what she knew and documented to be false information. The ruling basically declares it is technically not against any law, rule, or regulation to deliberately lie or distort the news on a television broadcast.

On August 18, 2000, a six-person jury was unanimous in its conclusion that Akre was indeed fired for threatening to report the station's pressure to broadcast what jurors decided was "a false, distorted, or slanted" story about the widespread use of growth hormone in dairy cows.

The court did not dispute the heart of Akre's claim, that Fox pressured her to broadcast a false story to protect the broadcaster from having to defend the truth in court, as well as suffer the ire of irate advertisers. Fox argued from the first, and failed on three separate occasions, in front of three different judges, to have the case tossed out on the grounds there is no hard, fast, and written rule against deliberate distortion of the news.

The attorneys for Fox, owned by media baron Rupert Murdoch, argued the First Amendment gives broadcasters the right to lie or deliberately distort news reports on the public airwaves.

Another View At Goldman's Trading Perfection And Statistical Improbabilities

http://www.zerohedge.com/article/another-view-goldmans-trading-perfection-and-statistical-improbabilities

When a firm's trading performance challenges not only all preconceptions of realistic trading, but also of statistical distributions, one can merely stand back and watch in awe. Attached is a graphic of what a rigged, backstopped and manipulated market is all about. The chart demonstrates Goldman's YTD trading track record: out of 194 trading days in 2009, the firm has made over $100 million on 116 occasions! This alone accounts for $11.6 billion in revenue (and is likely much more as Goldman could have easily had a $1 billion trading day in the rightmost bracket as it is open ended). Assuming midline averages for any given bucket and multiplying by the amount of days that the firm traded within these, Goldman Sachs has made $15 billion courtesy of the skewed and very highly improbable (but not impossible, thank you taxpayers and Ben Bernanke) chart.



And a more granular read, demonstrates that as the year has progressed, Goldman has become much better at extracting larger wins and minimizing losses. The firm lost money on just 3 days in the last two quarters. Is this a ponzi scheme? We surely don't know absent additional information (which will never be forthcoming, despite that GS is a public company). Is this comparable to the returns generated by a ponzi scheme? Absofuckinlutely.



Can the SEC please dissolve itself already and save taxpayers at least a little money?

Obama creates 640,329 jobs at a cost of $323,739.83 per job

Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management.


http://globaleconomicanalysis.blogspot.com

Inquiring minds are asking the question "How many jobs were created out of the various stimulus programs so far and at what cost per job?"

That is a good question. Not that we can believe the reported number of jobs created, but let's assume for the sake of argument that the figures provided by the administration are correct.

Inquiring minds want the official numbers on which to base the cost per job created. So please consider the administration's own numbers as reported on Track The Money Recovery.Gov as of October 30, 2009



Math To Date

Funds paid out so far =

$83.8 billion + $52.1 billion + $71.4 billion = $207.3 billion

$207,300,000,000 / 640,329 = $323,739.83 per job created

Plan Goals Math

Now let's assume this stimulus package will eventually create (or save) 3.5 million jobs and all the money (but no more) will be spent.


Here's the math again.

$787,000,000,000 /
3,500,000 =
$224,857.14
per job created