Sunday, 25 April 2010

What would happen if Greece went bankrupt?
If Greece defaults, 7 percent of the entire European Union financial institution liquidity disappears. Likewise, you cannot get paid in drachmas (Greece’s original currency) that are worth next to zero, and the Greek economy would likely still operate on Euros with or without EU approval. In fact, they’d be a constant 6% pain to the system through arbitrage.

The coming $600 trillion debt bubble
“As interest rates begin to rise worldwide, losses in derivatives may end up bankrupting a wide range of institutions, including municipalities, state governments, major insurance companies, top investment houses, commercial banks and universities.”

China To Sterilise 10,000 To Curb Births
Health authorities are planning to sterilise nearly 10,000 people in southern China over the next four days as part of a population control programme

Kirby Daley, senior strategist at Newedge Group Jim Rogers claim the next crisis has already started to unfold as sovereign debt worries increase and global central banks only exacerbate the issues:

Millennials Are The Brokest Generation Ever
No group in America has been hit harder during the current recession than young adults. Millions of Americans are graduating from college with virtually no money, lots of debt and with very dim employment prospects

China opens missile plant in Iran
China inaugurated a missile plan in Iran last month, even as the United States and its allies were pressing Beijing to support a new round of tough economic sanctions on the Islamic Republic over its nuclear program, Jane's Defense Weekly reports.

New speed cameras trap motorists from space
A new type of speed cameras which can use satellites to measure average speed over long distances are being tested in Britain

U.S. Police may use trash to get a suspect's DNA
Police may sift through a suspect's trash, collect a genetic sample and send it off for DNA testing without a warrant, the state's highest court ruled last week in upholding a 2007 county rape conviction.

Hyperfast missile to hit anywhere in an hour
HAUNTED by the memory of a lost opportunity to kill Osama Bin Laden before he attacked the World Trade Center in New York, US military planners have won President Barack Obama’s support for a new generation of high-speed weapons that are intended to strike anywhere on Earth within an hour.

The ash cloud that never was: How volcanic plume over UK was only a twentieth of safe-flying limit and blunders led to ban

BBC lectures us incessantly on climate change. So why did their bosses make 68,000 domestic flights in two years?
Its viewers are frequently subjected to warnings about climate change. Yet the BBC has spent nearly £5million on tens of thousands of short-haul flights across Britain for its executives, staff and guests.
At a time when programmes regularly highlight the environmental impact of air travel, licence-fee payers have funded more than 68,000 internal trips over the past two years – an average of nearly 100 flights a day.

Ex-minister wants young jobless starved into work
THE former government minister Lord Jones has suggested that unemployed young people who refuse to look for a job should be “starved back to work” rather than continue to claim thousands of pounds in benefits.

Iran devises retaliation 'scenarios'
Amid threats of a nuclear attack against Iran, a top official with Iran's Armed Forces says the country has "retaliation scenarios" against any aggressor.

Climate change bill collapses in Senate
A long-awaited climate change bill that would put a price on excessive carbon emissions and generate billions of dollars has been postponed indefinitely.

Opinion: If there is a hung Parliament

If there is a hung Parliament with the Tories with the largest number of seats:-

1 The Queen MUST ask Cameron as leader of the largest Party to try to form a government.

2. Cameron should do so. He should follow the lead of Alex Salmond and form a minority government with NO FORMAL COALITION with the LibDems.

3. Cameron must immediately launch into the fastest possible drive to introduce localism (all the aspects of The Plan), electoral reform (to remove the Labour bias and fraud) and reform of the scandal of Broadcast News actively promoting Labour. Dare the LibDems to vote against that agenda, and shame them if they don't.

Iceland volcano: eruption 'could just be rehearsal' for worse ash chaos if Katla blows
Iceland's powerful Katla volcano is a brooding reminder that Britain and Europe face even worse chaos unless they learn lessons from the ash eruption at Eyjafjallajökull

New figures underline the fragility of economic revival
The economy grew by only 0.2% in the first quarter of the year, a slower pace than expected by City analysts, as the harshest winter weather in 30 years hit output hard.

Final economic "test" paints bleak picture for UK
GORDON Brown has been dealt another blow after the fragility of the UK economy was exposed in new figures showing slower than expected economic growth

Your account now pays minus 2.82%
Savers have been dealt another blow as inflation jumped to 3.4% in March. The annual Consumer Prices Index was 3% the previous month. As savings rates lie in the doldrums --with the best-paying 90-day notice accounts struggling to pay three% interest - savers are effectively losing money by holding it on deposit.

GORDON Brown’s lies on immigration were exposed again yesterday after it emerged that frontline officers who have arrested 1,000 illegal immigrants in a year are to be axed.

Violent crimes are up by 750 a week... and Labour's preferred figures prove it
Violent crime rose sharply in the past year, according to Labour's preferred recording method.
Ministers consistently cite the British Crime Survey as they look to trumpet their record.
But figures released yesterday showed there were 750 more violent attacks leading to injury every week last year compared with the year before.

Clegg flew economy but took business-class fares from EU
Nick Clegg has admitted taking expenses for business-class air travel while actually flying economy as a member of the European Parliament.
The Liberal Democrat leader used the budget airline BMI Baby to fly between Brussels and the UK, but was paid what he admits was 'whopping' expenses based on the price of a business-class seat on a major airline.

Britain's borrowing doubles over a year: Debt now adds up to £15,000 for every Briton
Britain's public borrowing has soared to record levels, according to official figures that underline Labour’s legacy of deficits and debt.
The Government borrowed £163.4billion in the last financial year ending in March, to fund unprecedented public spending amid tumbling tax receipts.
The nation’s borrowing almost doubled from £96.5billion in the previous year – and now stands at 11.5 per cent of national output, the Office for National Statistics said

AN energy crisis will plunge Britain into darkness in just SIX years' time, warn Government experts.
They predict that power cuts will start by 2016 - THREE years earlier than previously thought

First Annual Everybody Draw Mohammad Day
Via Dan Savage's blog at The Stranger, some clever chappie (I don't know who) has declared May 20, 2010 "Everybody Draw Mohammad Day," in support of Matt Stone and Trey Parker and in opposition to religious thuggery. Why May 20? I haven't a clue, though it could have something to do with Otto ascending the throne of Greece. Or, more likely, King Sancho IV of Castile's founding of the Study of General Schools of Alcalá.

An Act Of War: The US Congress is Actively Pushing for War on Iran
Statement on Motion to Instruct Conferees on HR 2194, Comprehensive Iran Sanctions, Accountability and Divestment Act

April 23, 2010 "United States House of Representatives" -- Mr. Speaker I rise in opposition to this motion to instruct House conferees on HR 2194, the Comprehensive Iran Sanctions, Accountability and Divestment Act, and I rise in strong opposition again to the underlying bill and to its Senate version as well. I object to this entire push for war on Iran, however it is disguised. Listening to the debate on the Floor on this motion and the underlying bill it feels as if we are back in 2002 all over again: the same falsehoods and distortions used to push the United States into a disastrous and unnecessary one trillion dollar war on Iraq are being trotted out again to lead us to what will likely be an even more disastrous and costly war on Iran. The parallels are astonishing.

The Swine Flu Panic of 2009: Reconstruction of a Mass Hysteria
We bring to the attention of our readers a report by the German Magazine Der Spiegel which suggests in no uncertain terms that the World Health Organization was serving the interests of Big Pharma in blatant violation of its mandate. We are dealing with the outright criminalization of a UN specialized agency, whose ranking officials are serving private corporate interests to the detriment of the broad objectives of global public health and social development

Halt Flu Vaccines to Children
AUSTRALIA'S chief medical officer has told doctors to stop giving the seasonal flu vaccine to children.

Tony Blair, Very Close to being Indicted for War Crimes
While on a speaking engagement in Malaysia organized by "Success Resources Company", former British Prime Minister Tony Blair was the object of an articulate protest movement demanding his indictment for war crimes.

This was no ordinary protest. Tony Blair has been accused of war crimes in a legal initiative led by the country's former Prime Minister, Dr. Mahathir Mohamad.

Thousands Of Slippers To 'Greet' Tony Blair In Malaysia
PUTRAJAYA, April 21 (Bernama) -- Thousands of slippers are expected to 'greet' former British prime minister Tony Blair if he were to set foot in this country this week.

No Where to Hide: Fears of Arrest and Prosecution by Tony Blair on Charges of War Crimes
War criminal Blair, the keynote speaker at the National Achievers Conference organised by Success Resources, a sycophant Singapore outfit at the Sunway Pyramid Convention Centre in Kuala Lumpur, hid in fear at the threat that members of the Malaysian anti-war NGOs would throw slippers at him and that members of the Kuala Lumpur War Crimes Commission would serve an indictment for war crimes.

Greece hit by new riots as pressure grows to quit euro
Support for the bail-out of debt-ridden Greece was in doubt last night, leaving the country on the brink of financial meltdown as top German politicians said it should be forced to quit the euro.
Riots erupting during workers’ protests over planned public spending cuts, just hours after Greek Premier George Papandreou sought emergency £35billion of loans from eurozone countries and the International Monetary Fund

Miliband wastes £80,000 changing official font on Foreign Office logo
The Foreign and Commonwealth Office has spent tens of thousands of pounds of taxpayers’ money on a new logo – which is almost identical to the previous design.

Foreign Secretary David Miliband ordered the £80,000 makeover at the same time as the department was being forced to draw up a hit list of embassies and consulates around the globe it will close to save money.

Superspy in the sky could soon be patrolling over British cities to search for hidden terror cells
A Top-secret US unmanned drone used to locate Al Qaeda and Taliban hideouts in Pakistan and Afghanistan could soon be patrolling over British cities to search for hidden terror cells.

Labour 'cannot meet its pledge of 400,000 new green jobs'
Government forecast of slower growth in eco sector belies manifesto promise, say critics

Millions drink toxic water in the USA, but it's EPA-approved!
It has been so long since the federal law regulating tap water has been updated that since 2004, more than one-fifth of the U.S. population has consumed tap water that the government classifies as toxic, but still approves for human consumption

Genetically Modified Soy Linked to Sterility, Infant Mortality in Hamsters
“This study was just routine,” said Russian biologist Alexey V. Surov, in what could end up as the understatement of this century. Surov and his colleagues set out to discover if Monsanto’s genetically modified (GM) soy, grown on 91% of US soybean fields, leads to problems in growth or reproduction. What he discovered may uproot a multi-billion dollar industry.

After feeding hamsters for two years over three generations, those on the GM diet, and especially the group on the maximum GM soy diet, showed devastating results. By the third generation, most GM soy-fed hamsters lost the ability to have babies. They also suffered slower growth, and a high mortality rate among the pups.

Obama administration spending billions on new global strike weapons
The Obama administration is spending billions of dollars to develop new weapons systems, including powerful conventional warhead missiles capable of striking any target in the world within less than an hour.

HOUSE prices have leapt nearly 10 per cent in a year, figures will show this week.

RUBBISH collections just once a month are “inevitable”, the Government’s bin quango has announced.

LABOUR has spent almost £5billion on benefits for drug addicts and drunks, figures show.

Nick Clegg: I will not prop up Gordon Brown
NICK CLEGG has declared that he will refuse to prop up an “irrelevant” Gordon Brown even if Labour secures the largest number of seats in a hung parliament.

UK home to 1million illegal immigrants
THE government is allowing illegal immigrants and asylum seekers to stay in the country because it fails to send staff to one in five appeal hearings.

Years of austerity for bailed-out Greece
FOR Mike Sirakoulis, an unemployed graduate, enough is enough.

“I’ve got three degrees, including a master’s from a leading Australian university, and my prospects are bleak,” he said. “I send out about four or five CVs a week, with minimal response. I was even delayed going to a job interview because of disruption from a civil servants’ strike. It’s not just me. I’m now looking to go back abroad to find a decent job, as are many of my Greek friends.”

Americans Dont Give A **** About Global Warming, Survey Says
Retail investors from cities other than in the U.S. feel that climate change is the biggest issue facing the world, according to the HSBC Bank Global Pulse survey.

Representing 11 cities around the world, the 2,044 respondents answered questions about their preferences and behaviors regarding economic outlook, financial concerns and other topics. Responses came from Washington, D.C., New York, Chicago, Los Angeles, London, Hong Kong, Paris, Sao Paulo, Sydney and Toronto/Vancouver.

When asked what the three main issues facing the world are, the respondents from the U.S. put the economy and terrorism (40 percent and 39 percent, respectively) in the number one and number two spots. Twenty-six percent said climate change was the biggest issue.

MAKERS of the Swiss Army knife have warned owners that they risk prosecution if they are found carrying one.

Labour civil war as support slumps in new poll
Labour's general election campaign is in crisis amid damaging rows between senior cabinet ministers and a new poll showing support for the party dropping to a six-month low

British Taxpayers to Fund Greece up to £1 Billion per Year
Though Britain is buried in debt due to decades of Tory and Labour mismanagement, British taxpayers could be forced to pay an additional £1 billion per year to bail out the Greek economy, and if the Lib Dems have their way, that figure will be much higher.

UK home to 1million illegal immigrants
THE government is allowing illegal immigrants and asylum seekers to stay in the country because it fails to send staff to one in five appeal hearings.

Secret NHS cuts axe thousands of medics
Hospitals across England are planning to shed at least 650 doctors and 2,000 nurses under new cost-cutting plans

SNP launches legal bid against third TV debate

Plans to open Scotland's first goldmine raise environment concerns

Key services across council boundaries in the north of Scotland could be merged to cut costs in the face of the expected financial squeeze in the public sector

Think big, vote small

Common sense, as usual, from Pat Condell:

Cross-posted by Fausty

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