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kpete

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Member since: Fri Sep 17, 2004, 03:59 PM
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5 Companies That Make Money By Keeping Americans Terrified of Terror Attacks

5 Companies That Make Money By Keeping Americans Terrified of Terror Attacks
A massive industry profits off the government-induced fear of terrorism.


(mho, from a couple of days ago, but worth repeating as we start a new week)



Michael Hayden, the former director of the National Security Agency, has invaded America’s television sets in recent weeks to warn about Edward Snowden’s leaks and the continuing terrorist threat to America.

But what often goes unmentioned, as the Guardian’s Glenn Greenwald pointed out, is that Hayden has a financial stake in keeping Americans scared and on a permanent war footing against Islamist militants. And the private firm he works for, called the Chertoff Group, is not the only one making money by scaring Americans.

What it all adds up to is a massive industry profiting off government-induced fear of terrorism, even though Americans are more likely to be killed by a car crash or their own furniture than a terror attack.

Here are five private companies cashing in on keeping you afraid:



1. The Chertoff Group

...........After the failed attempt in 2010 to blow up an airliner on Christmas Day with a bomb hidden in underwear, Chertoff pushed for better airport security procedures. One of the suggestions Chertoff made was for the Transportation Security Agency to use full-body scanners like the ones Rapiscan, one of the Chertoff Group's clients, made. And sure enough, after the Christmas Day plot, the TSA ordered 300 Rapiscan machines. The Huffington Post reported that Rapiscan made $118 million from the government between 2009-2010.


2. Booz Allen Hamilton

..........In the last fiscal year, the company made $1.3 billion from working in U.S. intelligence. In total, Booz Allen Hamiltion made over $5 billion last fiscal year. And the cash keeps coming: in January, the company announced that it had won a contract with the Defense Department to provide intelligence services. The amount of money it could make from the deal is up to $5.6 billion.


3. Science Applications International Corporation

.................SAIC is an immensely lucrative and large company. It boasts 42,000 employees—20,000 of whom hold U.S. government security clearances. It is the NSA's largest contractor, according to CorpWatch, and is deeply involved in the NSA's collection of intelligence. Last year it reported a net income of $525 million.


4. Center for Counterintelligence and Security Studies

...........It's unclear exactly how much this firm makes per year. But according to the PRA report, a five-day course for government employees on the “Global Jihadist Threat Doctrine” costs $39,280. The firm also lists the costs of individual courses on their website. For a 30-person class titled “Dying to Kill Us: Understanding the Mindset of Suicide Operations,” the cost is $7,856. For a three-day course for 30 people on “Informant Development for Law Enforcement to FighTerrorism,” the cost is $23,568.


5. Security Solutions International

........The conferences they hold are usually well-attended, and this year SSI is putting on a conference in Orlando, Florida for three days. The cost for each attendee is $400. The keynote speaker this year is Steve Emerson, a well-known member of what's been termed the “Islamophobia industry.” SSI also makes money off its Counter Terrorist magazine. A yearly subscription is $35, and the company says it has 15,000 subscribers.


more, plus supporting links, etc:
http://www.alternet.org/civil-liberties/5-companies-make-money-keeping-americans-terrified-terror-attacks?paging=off

Warren Buffet explains why you can't beat the market

Warren Buffet explains why you can't beat the market
Cory Doctorow at 5:38 pm Sat, Aug 17, 2013



In 1975, Warren Buffet wrote a memo to the Washington Post's CEO Katharine Graham about how to invest the company's pension fund. His advice -- to ignore pricey fund-managers, be patient and play the long game -- was good enough that the WaPo pension is still in rude health today. Meanwhile, stark assertions like "the rational expectation of assuring above average pension fund management is very close to nil" continue to have relevance today in questions as diverse as whether we need to pay bankers huge bonuses to keep the "best talent" on hand to how you should invest your pension.

For openers, there is one huge, obvious pitfall. I am virtually certain that above-average performance cannot be maintained with large sums of managed money. It is nice to think that $20 billion managed under one roof will produce financial resources which can hire some of the world’s most effective investment talent. After all, doesn’t the big money at Las Vegas attract the most effective entertainers to its stages? Surely $50 million annually of fees on $20 billion of managed assets will allow an array of industry specialists covering minute-by-minute developments affecting companies within their purview; top-flight economists to study the movement of the tides; and nimble, decisive portfolio managers to translate this wealth of information into appropriate market action.

It just doesn’t work that way.

Down the street there is another $20 billion getting the same input. Each such organization has its own group of bridge experts cooperating on identical hands and they all have read the same book and consulted the same computers. Furthermore, you just don’t move $20 billion or any significant fraction around easily or inexpensively—particularly not when all eyes tend to be focused on the same current investment problems and opportunities. An increase in funds managed dramatically reduces the number of investment opportunities, since only companies of very large size can be of any real use in filling portfolios. More money means fewer choices—and the restriction of those choices to exactly the same bill of fare offered to others with ravenous financial appetites.

In short, the rational expectation of assuring above average pension fund management is very close to nil.


http://boingboing.net/2013/08/17/warren-buffet-explains-why-you.html#more-250677

"Equality" American Style

never thought I would see the day...

Graham Johnson @GrahamKIRO7

Here's a look at the full message on the Doritos bags SPD officers are handing out at Hempfest. pic.twitter.com/b0iOt1LARP
10:38 AM - 17 Aug 2013


http://gawker.com/seattle-cops-to-hand-out-ironic-bags-of-doritos-at-he-1147981314

TIME Magazine's Senior Nat'l Correspondent Just Advocated for the U.S. to Drone Julian Assange


https://twitter.com/Ahernz1991/status/368886203585527808/photo/1

Of course, Grunwald deleted his Tweet when its folly became clear. However, it wasn't until this senior journalist at a national magazine revealed a salivating desire for his next column to be a defense of an extrajudicial drone strike on WikiLeaks maven Julian Assange.

http://www.dailykos.com/story/2013/08/17/1231968/-TIME-Magazine-s-Senior-Nat-l-Correspondent-Just-Advocated-for-the-U-S-to-Murder-Julian-Assange

"THE WATCHDOG"

Tennessee Republican tells girl her father has to be deported as tea party crowd cheers



A Tennessee tea party Republican state legislator told a frightened little girl at a town hall meeting on Thursday in Murfreesboro, TN that laws are laws and that her undocumented father is going to have to be deported. According to ProgressivePopulist.org, 11-year-old Josie Molina told state Rep. Scott Desjarlais (R) that she has papers but her father does not.

During a question and answer session at the meeting, Molina stepped up to the microphone and, with a quavering voice, asked, “Mr. DesJarlais, I have papers, but I have a dad who’s undocumented. What can I do to have him stay with me?”

Rather than make any attempt to assuage the girl’s fears, Desjarlais said, “Thank you for being here and thank you for coming forward and speaking,” but “the answer still kind of remains the same, that we have laws and we need to follow those laws and that’s where we’re at.”

The tea party crowd whooped and applauded wildly as the little girl took her seat, head down. Progressive Populist reported that Josie Molina’s father is currently in the process of being deported and that the girl is seeing a child psychologist in order to cope with the stress and anxiety.


MORE:
http://www.rawstory.com/rs/2013/08/17/tennessee-republican-tells-girl-her-father-has-to-be-deported-as-tea-party-crowd-cheers/

Watauga County Board Of Elections-CLEAR MISSION: "Suppress ANY & ALL Progressive Votes"



Yep. It's so downright amazing that even Rachel Maddow picked it up.


Monday at 9AM was the first time the new and not-so-improved Watauga County Board of Elections met, a Board now controlled by Republican Tea Partiers (2-1) with a clear mission to suppress any and all suspected progressive votes in time for the upcoming municipal elections, especially for the Town of Boone, the county seat. And to do it undercover as fast as possible.

While the meeting had originally been scheduled for a large room in the County's Administration building, the Republicans quickly changed the location to a small Board room in the elections office in an effort to discourage public attendance. Didn't work. Before the two Republicans were forced to move meeting, as required by law in light of all the people there to witness the travesty, just wet your whistle with what went down at the start. Seriously. Take a look at this. It will blow your mind.

http://www.dailykos.com/story/2013/08/17/1231845/-Watauga-County-NC-All-Hell-Broke-Loose-at-the-Board-of-Elections-Meeting



folks, the video is long, but be patient, because it is SO revealing!
mho, kp

Chasing squirrels is suspected...

"I was beside myself," Cynthia Weeks said of discovering her family was missing a member. "We went around calling for him, and I drove around. I put it on my Facebook pages, and we put fliers out around the neighborhood."


Laddy, a 7-year-old border collie, probably was chasing a squirrel when he ended up stuck in a tree for several days.


Two days later, early Sunday morning, Ron Stevenson was working in his yard a couple of blocks away when he heard something that had been bugging him.

"I'd been hearing this dog barking, but I didn't want to be a complaining neighbor and, besides, my wife and I are dog lovers," he said Monday. "When I was outside early Sunday, I heard a whining, and I knew something wasn't right. This time, it sounded in distress."

When following the sound of a dog, Stevenson noted, it is counter-intuitive to look up. But there was Laddy — at least 10 feet up a tree near his driveway.

http://qctimes.com/news/local/barking-up-the-right-tree/article_d02cf5b6-d4b4-5462-b9e7-c581438de50f.html

An Astrologer's Guide To The USA

The U.S. could find partners among the terrorists, or some such. Though it is likely anathema to Western ears, there is a symbiosis between the U.S. and the Islamic terrorists: both are extremely religious and feel they have a sacred right to utilize violence, both “fight for freedom,” both are extremely emotional, both are highly chauvinistic, both bury the truth in their enthusiasm, etc. And both, in their enthusiasm, wound their own kind – the terrorists kill their own countrymen, and the U.S. destroys its own “raison d’etre” – (constitutional) freedom. It spies on its own citizens (NSA) and denies them freedom of belief/speech. (Remember when comic/commentator Bill Maher was fired by his network because he said publicly that the 9/11 suicide pilots were “not cowards?”) (BTW, I am an American citizen; I hold dual Canadian/U.S. citizenship, and passports.) One party is hugely wealthy, one bitterly poor. Has a more destined enmity – or marriage – ever been seen? If Americans could see that many of the “terrorists” are like them, perhaps they could learn a softer, gentler approach and win them over, rather than run them over. (Yes, I hear the clanging bells protesting that I’m totally unrealistic. But 30 years ago, tearing down the Berlin Wall was considered totally unrealistic.)

http://www.astralreflections.com/tim-stephens/2013/weekly-forecast-august-18-24-2013/
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