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Number of posts: 13,074
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On the morning of July 20, Valtz left his home in Bridgehampton, New York, on Long Island’s eastern end, to spend time on his latest sport. Kitesurfing, also known as kiteboarding, combines elements of windsurfing and paragliding.
After he didn’t return home, family members went searching. They found his body in Napeague Harbor, a popular spot for kiteboarding. Police in East Hampton, New York, said his body was found floating in the water secured to his kite.
At Goldman Sachs, where he worked since 2000, Valtz was a managing director in cross-asset sales. He helped manage orders for trading clients and pitch them products and ideas among different types of securities.
Suspicious Deaths of Bankers Are Now Classified as “Trade Secrets” by Federal Regulator
It doesn’t get any more Orwellian than this: Wall Street mega banks crash the U.S. financial system in 2008. Hundreds of thousands of financial industry workers lose their jobs. Then, beginning late last year, a rash of suspicious deaths start to occur among current and former bank employees. Next we learn that four of the Wall Street mega banks likely hold over $680 billion face amount of life insurance on their workers, payable to the banks, not the families. We ask their Federal regulator for the details of this life insurance under a Freedom of Information Act request and we’re told the information constitutes “trade secrets.”
Banker Death 'Epidemic' Spreads To China
Until now, the terrible trail of dead bankers has been only among US and European financial executives. However, as Caixin reports, the increasing pressures on the Chinese banking system appear to have take their first toll. Li Jianhua, director of China's Banking Regulatory Commission (CBRC), died this morning due to a "sudden heart attack" - he was less than 49 years old. Li was among the main drafters on new "caveat emptor" market-based rules on China's shadowy banking system and recently said in an interview that "now is not only a time to control risk, but to transform the trust industry.. if it's too loose, it's a big problem." Li was found by his wife
Another JP Morgan Banker Dead
Mr. Willie thinks this involves:
A Bush connection to
Multi-billion dollar fraud
there’s now a connection not only to mortgages (Richard Talleys “suicide” by nail gun) but to bankruptcy at a regional JP Morgan office via a hit-and-run of a bankruptcy expert for JP Morgan, suggesting mortgage fraud is part of the picture
some loose connection to “Nazis” (he said it, I didn’t), which would imply a connection to post-war Axis plunder, secret systems of finance built thereupon
a Rockefeller-interest connection to all the above via JP Morgan, which recalls, in this context, cashed checks after WW2 over the signature of Martin Bormann
a connection to the Vatican Bank, and incidentally, Argentinian Pope Francis I just recently fired his entire “oversight” group, we’ll talk more about that tomorrow. But the Vatican Bank connection is significant because, as I pointed out in Covert Wars and Breakaway Civilizations, it was apparently the Vatican Bank that might have been used to house some of that Japanese Operation Golden Lily gold
gold re-hypothecation, which, in my reading and dot-connecting, is related to all those
gold-backed bearer bonds which we are assured are completely counterfeit and that there’s nothing to them at all, and finally
the suggestion that it isn’t the banksters at all who are behind these mysterious deaths… it’s the national security interest, or some rogue group within it, as is implied by the statement “Willie, who recently sat down with The Doc for an exclusive interview revealing the “Smoking Gun” proving gold rehypothecation by US officials, emphasizes that we are NOT seeing bad bankers removed, we are witnessing bankers taken out who are on the verge of revealing BIG DATA details. (Italicized emphasis added)”. In other words, the banker deaths are not the bankers cleaning house as much as it is some element within the intelligence apparatus, a hypothesis which has also found articulation in relation to some little known aspects of 9/11.
- See more at: http://newswatch.us/another-jp-morgan-banker-dead/#sthash.X6xRnbIF.dpuf
Posted by grahamhgreen | Thu Jul 31, 2014, 04:37 AM (3 replies)
Bart Janssens, MSF's director of operations, warned that governments and global bodies had no "overarching view" vision of how to tackle the outbreak.
"This epidemic is unprecedented, absolutely out of control and the situation can only get worse, because it is still spreading, above all in Liberia and Sierra Leone, in some very important hotspots," he said.
"If the situation does not improve fairly quickly, there is a real risk of new countries being affected," he told La Libre Belgique newspaper.
In Canada, local media reported that a Canadian doctor had put himself in quarantine as a precaution after spending weeks in west Africa treating patients with the virus alongside an American doctor, who is now infected.
Posted by grahamhgreen | Wed Jul 30, 2014, 12:20 PM (23 replies)
The United States’ Special Inspector General for Afghanistan Reconstruction (SIGAR), in a new report, notes that “747,000 weapons and auxiliary equipment” given to the Afghan National Security Forces (ANSF) by the United States Department of Defense (DoD) are unaccounted for. The United States has been training and supporting the ANSF to foster self-sufficiency in the Afghan National Army and the Afghan National Police. The ANSF will take over Afghanistan’s precarious internal security situation once the United States and NATO withdraw from the country at the end of this year. Weapons supplies from the U.S. to the ANSF are one of the main ways in which the United States supports the development of the ANSF. According to SIGAR, the unaccounted weapons “are valued at approximately $626 million.”
Among the unaccounted for arms are rifles, pistols, machine guns, grenade launchers, and shotguns. 465,000 of these small arms are missing according to the SIGAR report. The report additionally finds that the DoD’s ledger systems for recording weapon shipments to Afghanistan have major errors and discrepancies.
The Security Cooperation Information Portal (SCIP) and the Operational Verification of Reliable Logistics Oversight Database (OVERLORD), two systems used by the DoD to keep track of weapon shipments to Afghanistan, were found to have major errors and discrepancies. For example, 43 percent of serial numbers in the OVERLORD system had “missing information and/or duplication.”
Other serial numbers were recorded multiple times and some had no shipping or receiving dates attached to them. In 2010, the DoD was required to implement a weapons registration program for all small arms transferred to the ANSF. According to the SIGAR audit, the poor management of serial number data has seriously impaired U.S. efforts to keep track of where these weapons are ending up in Afghanistan.
EDIT: is there one poster on this board who has a good reason for us to stay in AFGHANISTAN? Please discuss
Posted by grahamhgreen | Wed Jul 30, 2014, 05:27 AM (5 replies)
Mr. Halloran was accused of taking part in two separate schemes. In one, he was accused of acting a liaison between Mr. Smith and Republican Party officials in an effort to get Mr. Smith on the ballot for mayor in 2013. The price for his services, according to the prosecution, was $20,000.
He was also charged with taking at least $15,000 in bribes for designating about $80,000 in New York City funds to a nonprofit entity, allowing the money to be embezzled through a no-show job.
Mr. Halloran, testifying in his defense, said the only time he took money, it was as a loan, not as a gift. He spent five days on the witness stand; on Tuesday, the jury deliberated for less than two hours before delivering a verdict.
He was found guilty of one count of conspiracy, which carries a maximum sentence of five years in prison; two counts of wire fraud, each of which carries a maximum sentence of 20 years in prison; and two counts of Travel Act bribery, each of which carries a maximum sentence of five years in prison.
Posted by grahamhgreen | Tue Jul 29, 2014, 08:29 PM (1 replies)
More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.
These consumers fall behind on credit cards or hospital bills. Their mortgages, auto loans or student debt pile up, unpaid. Even past-due gym membership fees or cellphone contracts can end up with a collection agency, potentially hurting credit scores and job prospects, said Caroline Ratcliffe, a senior fellow at the Washington-based think tank. "Roughly, every third person you pass on the street is going to have debt in collections," Ratcliffe said. "It can tip employers' hiring decisions, or whether or not you get that apartment."
The study found that 35.1 percent of people with credit records had been reported to collections for debt that averaged $5,178, based on September 2013 records. The study points to a disturbing trend: The share of Americans in collections has remained relatively constant, even as the country as a whole has whittled down the size of its credit card debt since the official end of the Great Recession in the middle of 2009.The delinquent debt is overwhelmingly concentrated in Southern and Western states. Texas cities have a large share of their populations being reported to collection agencies: Dallas (44.3 percent); El Paso (44.4 percent), Houston (43.7 percent), McAllen (51.7 percent) and San Antonio (44.5 percent). Almost half of Las Vegas residents- many of whom bore the brunt of the housing bust that sparked the recession- have debt in collections. Other Southern cities have a disproportionate number of their people facing debt collectors, including Orlando and Jacksonville, Florida; Memphis, Tennessee; Columbia, South Carolina; and Jackson, Mississippi.
Time for a debt jubilee!!!
Posted by grahamhgreen | Tue Jul 29, 2014, 01:15 PM (0 replies)
Many panic-stricken health workers in Liberia have reportedly deserted their workstations after several of their colleagues were killed by the deadly Ebola virus currently spreading across West Africa.
The disease, which has no known cure, has caused more than 500 deaths in the region since the latest epidemic broke out in January, with the number of confirmed fatalities in Liberia alone nearing 100.
Guinea – where the epidemic originated – and Sierra Leone have been similarly affected.
At least five major hospitals and health centers in the Liberian capital of Monrovia have reported a critical decline in manpower as doctors, nurses and laboratory technicians refuse to come to work for fear of being infected.
Monrovia — Nurses at Liberia's premiere hospital, the John F. Kennedy Medical Center are refusing to continue work as death toll continues to climb from the deadly Ebola virus in Liberia Friday.
FrontPageAfrica has learned that the Emergency section at JFK is being shutdown and a small team of health care workers and patients are being moved to another floor in the hospital.
Sources inform FrontPageAfrica that the ER will remain closed until it is sprayed thoroughly and quarantined for 21 incubation period.
Leading doctors at both JFK and Phebe Hospital are currently quarantined at the ELWA Hospital in Paynesville where health practitioners from the Samaritan Purse have been working around the clock to treat serious cases.
Dr. Nelson Korkor, the lead doctor at Phebe was brought down to Monrovia three days ago and is being quarantined along with Dr. Dr, Samuel Brisbane, a former Chief Medical Doctor at the Firestone Rubber Plantation Hospital and a Physician assistant. "All three are still alive but the doctor from Phebe is the strongest of the three, they are all alive. Dr. Brisbane is vomiting occasionally but is holding up, the PA however is deteriorating, a senior hospital administrator told FrontPageAfrica on condition of anonymity.
This could get really bad quickly if the infected are left alone to spread the contagion.
Posted by grahamhgreen | Mon Jul 28, 2014, 01:44 AM (31 replies)
We found that for those participants who were induced to experience feelings of power, their brains showed virtually no resonance with the actions of others; conversely, for those participants who were induced to experience feelings of powerlessness, their brains resonated quite a bit. In short, the brains of powerful people did not mirror the actions of other people. And when we analyzed the text of the participants’ essays, using established techniques for coding and measuring themes, we found that the more power that people expressed, the less their brains resonated. Power, it appears, changes how the brain itself responds to others.
Posted by grahamhgreen | Sun Jul 27, 2014, 12:52 PM (5 replies)
Posted by grahamhgreen | Sat Jul 26, 2014, 07:02 PM (10 replies)
DETROIT — In Detroit, even the most basic necessity cannot be taken for granted.
Some 15,000 residential customers have lost water service, and tens of thousands more are in danger of losing it, thanks to past due bills. But businesses owing hundreds of thousands of dollars have not been disconnected, Detroit Water and Sewerage Department records show.
According to a department list, the top 40 commercial and industrial accounts have past-due accounts totaling $9.5 million. That list includes apartment complexes, the Chrysler Group, real estate agencies, a laundromat and even a cemetery.
Meanwhile, stories of residential shutoffs abound. Tangela Harris been doing her best to keep up, but when she was no longer able to work she had trouble stretching her monthly $780 in disability benefits to pay the water bill. So her water service was disconnected. Harris has since come up with $1,100 to have services restored but is having trouble keeping her $180 monthly payment to the water department. On top of that, her home has entered foreclosure because Detroit water bills are rolled into property taxes.
Posted by grahamhgreen | Sat Jul 26, 2014, 04:53 PM (37 replies)
So-called inversion deals occur when a U.S. company acquires or sets up a foreign company, then moves its U.S. tax domicile to the foreign company and its lower-tax home country.
Nine inversion deals have been agreed to this year by companies ranging from banana distributor Chiquita Brands International Inc to drug maker AbbVie Inc and more are under consideration. The transactions are setting a record pace since the first inversion was done 32 years ago.
Obama will throw his weight behind the Democratic bills, calling for a rule change that would deem any company with half of its business in the United States to be U.S.-domiciled.
The proposed changes, already put forward in Obama's annual budget, would be retroactive to May of this year and implemented independently of moves to achieve broader tax reform.
Posted by grahamhgreen | Fri Jul 25, 2014, 12:34 PM (2 replies)