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unhappycamper
unhappycamper's Journal
unhappycamper's Journal
December 17, 2013
Larry Klayman crows on NSA win: ‘We hit the mother lode’
By JOSH GERSTEIN | 12/17/13 8:58 AM EST
Larry Klayman’s long journey in the legal wilderness appears to be over.
Klayman, the conservative legal activist well-known in Washington political circles a decade ago for his no-holds-barred court battles against the Clinton administration, was thrust back into the spotlight Monday after he obtained the first major ruling from a federal judge that the National Security Agency’s surveillance program was constitutionally flawed.
“We hit the mother lode,” an elated Klayman said Monday, indulging in some of the hyperbole he became known for during his 1990s crusades. “It was the biggest decision in the context of the government in my lifetime. This is the most outrageous invasion of constitutional rights I’ve seen in my life.”
In recent years, the once-prominent Klayman has been associated with a series of causes at the fringe of the conservative movement, arguing that President Barack Obama is a closet Muslim and was likely born in Kenya. The legal gadfly has also struggled personally, drawing a public reprimand by the Florida Bar and declaring himself flat broke just three years ago.
Larry Klayman crows on NSA win: ‘We hit the mother lode’
http://www.politico.com/story/2013/12/larry-klayman-national-security-agency-101233.html?hp=f3Larry Klayman crows on NSA win: ‘We hit the mother lode’
By JOSH GERSTEIN | 12/17/13 8:58 AM EST
Larry Klayman’s long journey in the legal wilderness appears to be over.
Klayman, the conservative legal activist well-known in Washington political circles a decade ago for his no-holds-barred court battles against the Clinton administration, was thrust back into the spotlight Monday after he obtained the first major ruling from a federal judge that the National Security Agency’s surveillance program was constitutionally flawed.
“We hit the mother lode,” an elated Klayman said Monday, indulging in some of the hyperbole he became known for during his 1990s crusades. “It was the biggest decision in the context of the government in my lifetime. This is the most outrageous invasion of constitutional rights I’ve seen in my life.”
In recent years, the once-prominent Klayman has been associated with a series of causes at the fringe of the conservative movement, arguing that President Barack Obama is a closet Muslim and was likely born in Kenya. The legal gadfly has also struggled personally, drawing a public reprimand by the Florida Bar and declaring himself flat broke just three years ago.
December 17, 2013
A US Marine advises a Guam police SWAT team. The Pentagon plans to station an additional 5,000 Marines on the island, but its public services and infrastructure aren’t yet ready for the influx.
Guam Not Ready For 5,000 More Marines: GAO
By Sydney J. Freedberg Jr.
on December 17, 2013 at 4:30 AM
Guam is America’s unsinkable aircraft carrier in the South Pacific, the fulcrum of the fabled Pacific “pivot.” It’s also kind of a mess.
With a GDP per capita less than a third the US average, an earthquake-damaged harbor, geriatric generators that black out the entire island roughly twice a year, drinking water periodically contaminated with sewage, a fire department with three working ambulances for a population of 160,000, and a police department so short-staffed it’s started deputizing unpaid civilians, according to a Government Accountability Office report due out today, Guam is closer to the Third World than to California economically as well as geographically.
That’s not just a development problem, it’s a national security issue. The Defense Department, which already owns more than a quarter of the island, plans on bringing in 5,000 more Marines and their estimated 1,300 dependents. DoD and GAO agree that the island’s infrastructure isn’t ready to receive them. What they disagree on is the cost to get it ready. The last three defense budgets requested, all told, $400 million for public infrastructure in Guam over 2012-2014, with more costs to come, but GAO doubts that that’s all necessary.
There are two big problems here, one that’s merely difficult to fix and the other nigh-impossible. The first is that the Pentagon’s still rewriting its Guam plan. The original goal was to relocate 8,600 Marines and 9,000 dependents from Okinawa to Guam by 2014, but disagreements over cost-sharing with the Japanese led the Defense Department to scale the move down to 5,000 Marines and 1,300 dependents. (Mathematically minded readers will notice that the Marine-to-dependent ratio in those two plans is radically different: My guess is this is because the current plan includes a higher percentage of young, unmarried Marine Corps riflemen).
Guam Not Ready For 5,000 More Marines: GAO
http://breakingdefense.com/2013/12/guam-not-ready-for-5000-more-marines-gao/A US Marine advises a Guam police SWAT team. The Pentagon plans to station an additional 5,000 Marines on the island, but its public services and infrastructure aren’t yet ready for the influx.
Guam Not Ready For 5,000 More Marines: GAO
By Sydney J. Freedberg Jr.
on December 17, 2013 at 4:30 AM
Guam is America’s unsinkable aircraft carrier in the South Pacific, the fulcrum of the fabled Pacific “pivot.” It’s also kind of a mess.
With a GDP per capita less than a third the US average, an earthquake-damaged harbor, geriatric generators that black out the entire island roughly twice a year, drinking water periodically contaminated with sewage, a fire department with three working ambulances for a population of 160,000, and a police department so short-staffed it’s started deputizing unpaid civilians, according to a Government Accountability Office report due out today, Guam is closer to the Third World than to California economically as well as geographically.
That’s not just a development problem, it’s a national security issue. The Defense Department, which already owns more than a quarter of the island, plans on bringing in 5,000 more Marines and their estimated 1,300 dependents. DoD and GAO agree that the island’s infrastructure isn’t ready to receive them. What they disagree on is the cost to get it ready. The last three defense budgets requested, all told, $400 million for public infrastructure in Guam over 2012-2014, with more costs to come, but GAO doubts that that’s all necessary.
There are two big problems here, one that’s merely difficult to fix and the other nigh-impossible. The first is that the Pentagon’s still rewriting its Guam plan. The original goal was to relocate 8,600 Marines and 9,000 dependents from Okinawa to Guam by 2014, but disagreements over cost-sharing with the Japanese led the Defense Department to scale the move down to 5,000 Marines and 1,300 dependents. (Mathematically minded readers will notice that the Marine-to-dependent ratio in those two plans is radically different: My guess is this is because the current plan includes a higher percentage of young, unmarried Marine Corps riflemen).
December 17, 2013
Judge: Paint companies to pay Calif. cities $1.1B
By PAUL ELIAS
Associated Press
Dec 17, 7:01 AM EST
SAN JOSE, Calif. (AP) -- Paint companies have been ordered to pay $1.1 billion to 10 California cities and counties so that lead can be safely removed from millions of older homes.
Santa Clara County Superior Court Judge James Kleinberg found that Conagra Grocery Products Co., NL Industries Inc. and the Sherwin-Williams Co. marketed paint they knew was harmful to children. Atlantic Richfield Co. and DuPont Co. were found not liable.
The industry has faced similar lawsuits across the country but has won most of them.
Kleinberg's verdict came after a five-week trial without a jury. The companies have 15 days to object to the tentative ruling, which the judge can alter.
Judge: Paint companies to pay Calif. cities $1.1B
http://hosted.ap.org/dynamic/stories/U/US_LEAD_PAINT_COURT_BATTLE?SITE=VANOV&SECTION=BUSINESS&TEMPLATE=DEFAULTJudge: Paint companies to pay Calif. cities $1.1B
By PAUL ELIAS
Associated Press
Dec 17, 7:01 AM EST
SAN JOSE, Calif. (AP) -- Paint companies have been ordered to pay $1.1 billion to 10 California cities and counties so that lead can be safely removed from millions of older homes.
Santa Clara County Superior Court Judge James Kleinberg found that Conagra Grocery Products Co., NL Industries Inc. and the Sherwin-Williams Co. marketed paint they knew was harmful to children. Atlantic Richfield Co. and DuPont Co. were found not liable.
The industry has faced similar lawsuits across the country but has won most of them.
Kleinberg's verdict came after a five-week trial without a jury. The companies have 15 days to object to the tentative ruling, which the judge can alter.
December 17, 2013
Feds grant Navy permit for sonar training
By Julie Watson
The Associated Press
© December 16, 2013
SAN DIEGO
Environmental organizations filed a lawsuit Monday against the National Marine Fisheries Service to demand it force the Navy to consider alternatives to its five-year plan that will intensify its sonar use off Southern California and Hawaii.
Earthjustice, representing several groups, filed the lawsuit in federal court in Honolulu, only hours after the federal agency announced it had decided to grant the Navy permits to move ahead with its plans for training and testing in the Pacific.
Navy officials estimate its activities would have a negligible impact on marine mammal populations.
Environmentalists dispute that and favor creating zones that would be off-limits to biologically sensitive areas. They also want the Navy to avoid training in certain spots seasonally when they are rich in marine life.
Feds grant Navy permit for sonar training
http://hamptonroads.com/2013/12/feds-grant-navy-permit-sonar-trainingFeds grant Navy permit for sonar training
By Julie Watson
The Associated Press
© December 16, 2013
SAN DIEGO
Environmental organizations filed a lawsuit Monday against the National Marine Fisheries Service to demand it force the Navy to consider alternatives to its five-year plan that will intensify its sonar use off Southern California and Hawaii.
Earthjustice, representing several groups, filed the lawsuit in federal court in Honolulu, only hours after the federal agency announced it had decided to grant the Navy permits to move ahead with its plans for training and testing in the Pacific.
Navy officials estimate its activities would have a negligible impact on marine mammal populations.
Environmentalists dispute that and favor creating zones that would be off-limits to biologically sensitive areas. They also want the Navy to avoid training in certain spots seasonally when they are rich in marine life.
December 17, 2013
AT&T selling Conn. wireline ops for $2 billion
The Associated PressDecember 17, 2013 Updated 8 minutes ago
DALLAS — AT&T has agreed to sell its Connecticut wireline operations to Frontier Communications Corp. for $2 billion as it continues its transition to unwired operations and a cloud network.
Shares of both companies rose in Tuesday premarket trading.
The deal includes wireline network assets and consumer, business and wholesale customer relationships. Frontier said that it will also acquire AT&T's U-verse video and satellite TV customers in Connecticut.
AT&T will receive the $2 billion in cash for its subsidiaries The Southern New England Telephone Co. and SNET America Inc. About 2,700 wireline workers that support AT&T's Connecticut operations will transfer to Frontier when the transaction closes. Frontier currently has more than 200 employees at its headquarters in Stamford, Conn.
unhappycamper comment: The phone company has been trying to sell SNETco for years. The problem as they see it:
* unions
* not wireless
* unions
AT&T selling Conn. wireline ops for $2 billion
http://www.thenewstribune.com/2013/12/17/2952526/att-selling-conn-wireline-ops.htmlAT&T selling Conn. wireline ops for $2 billion
The Associated PressDecember 17, 2013 Updated 8 minutes ago
DALLAS — AT&T has agreed to sell its Connecticut wireline operations to Frontier Communications Corp. for $2 billion as it continues its transition to unwired operations and a cloud network.
Shares of both companies rose in Tuesday premarket trading.
The deal includes wireline network assets and consumer, business and wholesale customer relationships. Frontier said that it will also acquire AT&T's U-verse video and satellite TV customers in Connecticut.
AT&T will receive the $2 billion in cash for its subsidiaries The Southern New England Telephone Co. and SNET America Inc. About 2,700 wireline workers that support AT&T's Connecticut operations will transfer to Frontier when the transaction closes. Frontier currently has more than 200 employees at its headquarters in Stamford, Conn.
unhappycamper comment: The phone company has been trying to sell SNETco for years. The problem as they see it:
* unions
* not wireless
* unions
December 17, 2013
These fund managers made moves deserving of Lump of Coal Awards
December 17, 2013
~snip~
• Wells Fargo, for a pricing mistake it hoped no one would notice. Fund prices are supposed to reflect the value of underlying securities, but there are plenty of times when issues are mispriced, typically by fractions of a penny. When it happens, errors are corrected, affected investors are made whole and it’s business as usual.
~snip~
• Management at the Royce Funds, for a self-serving idea disguised as a good move for shareholders. Royce Value Trust (RVT) – a closed-end fund with a good track record – invited shareholders to a special stockholders’ meeting in September at which it asked them to “contribute a portion of the Value Trust’s assets to a newly organized, closed-end management company, Royce Global Value Trust.”
~snip~
• Investors in Royce Value Trust, for approving the deal. We know that no one reads the paperwork they get from funds, but shareholders must stop saying yes to nonsensical arrangements that they don’t understand.
• The Tealeaf fund, the worst-named new fund of the year. It’s too early to tell whether Tealeaf Long/Short Deep Value (LEFAX) will overcome a high expense ratio and mature into a good fund, but it’s too late to take the nascent issue seriously based on its name. Anyone who blows it when they name the firm doesn’t inspire confidence in what happens next.
These fund managers made moves deserving of Lump of Coal Awards
http://www.thenewstribune.com/2013/12/17/2952355/these-fund-managers-made-moves.htmlThese fund managers made moves deserving of Lump of Coal Awards
December 17, 2013
~snip~
• Wells Fargo, for a pricing mistake it hoped no one would notice. Fund prices are supposed to reflect the value of underlying securities, but there are plenty of times when issues are mispriced, typically by fractions of a penny. When it happens, errors are corrected, affected investors are made whole and it’s business as usual.
~snip~
• Management at the Royce Funds, for a self-serving idea disguised as a good move for shareholders. Royce Value Trust (RVT) – a closed-end fund with a good track record – invited shareholders to a special stockholders’ meeting in September at which it asked them to “contribute a portion of the Value Trust’s assets to a newly organized, closed-end management company, Royce Global Value Trust.”
~snip~
• Investors in Royce Value Trust, for approving the deal. We know that no one reads the paperwork they get from funds, but shareholders must stop saying yes to nonsensical arrangements that they don’t understand.
• The Tealeaf fund, the worst-named new fund of the year. It’s too early to tell whether Tealeaf Long/Short Deep Value (LEFAX) will overcome a high expense ratio and mature into a good fund, but it’s too late to take the nascent issue seriously based on its name. Anyone who blows it when they name the firm doesn’t inspire confidence in what happens next.
December 17, 2013
GSK to change the way it promotes drugs
The Associated PressDecember 17, 2013 Updated 8 minutes ago
LONDON — British drug company GlaxoSmithKline says it will stop offering financial support to doctors and other health-care professionals to promote its products.
The change comes months after GSK was hit by an ongoing investigation of alleged bribery by its employees in China and signals a major shift in the way the company operates.
Chief Executive Andrew Witty said in a statement released Tuesday that the changes are meant to bring "greater clarity and confidence that whenever we talk to a doctor, nurse or other prescriber, it is patients' interests that always come first."
GSK says it will no longer pay health-care professionals to speak on its behalf to audiences that can prescribe medicines and will stop providing direct financial support to professionals to attend medical conferences.
GSK ( GlaxoSmithKline) to change the way it promotes drugs
http://www.adn.com/2013/12/17/3234408/gsk-to-change-the-way-it-promotes.htmlGSK to change the way it promotes drugs
The Associated PressDecember 17, 2013 Updated 8 minutes ago
LONDON — British drug company GlaxoSmithKline says it will stop offering financial support to doctors and other health-care professionals to promote its products.
The change comes months after GSK was hit by an ongoing investigation of alleged bribery by its employees in China and signals a major shift in the way the company operates.
Chief Executive Andrew Witty said in a statement released Tuesday that the changes are meant to bring "greater clarity and confidence that whenever we talk to a doctor, nurse or other prescriber, it is patients' interests that always come first."
GSK says it will no longer pay health-care professionals to speak on its behalf to audiences that can prescribe medicines and will stop providing direct financial support to professionals to attend medical conferences.
December 17, 2013
German banking associations have sent letters to the European Commission urging it to forbid the new financial transaction taxes imposed by France and Italy. Insiders believe the letters are an attempt by the banking lobby to block a planned EU-wide financial transaction tax.
Complaint to EU: German Banks Try to Torpedo Transaction Taxes
By Claus Hecking and Stefan Kaiser
December 16, 2013 – 04:13 PM
Germany's banks have launched a campaign against new financial transaction taxes introduced by France and Italy. According to information obtained by SPIEGEL ONLINE, six leading German financial industry groups have lodged an official complaint with the European Commission against both countries. The taxes are "a breach of European law," according to two confidential, almost identical letters dated Sept. 23 that SPIEGEL ONLINE has seen. The groups are headed by all the relevant business associations of the German financial sector, including the savings and cooperative banks and the investment fund industry. They also include the Federal Association of Public Banks, which represents state-owned promotional banks and the regional Landesbanken.
The banks have been fighting the introduction of a financial transactions tax for years. European governments want the tax to recoup some of the billions of euros they spent on various bank bailout programs. The European financial transaction tax that Germany plans to introduce together with France, Italy and eight other EU member states could end up being especially expensive for the banks.
According to the plans, an additional tax of 0.1 percent will be charged on every sale and purchase of a share or bond. For derivative instruments, the tax will be 0.01 percent.
Two European countries have already gone ahead and introduced their own taxes. In August 2012, France imposed a tax of 0.2 percent on trade in shares of all national companies with a stock market capitalization of more than €1 billion ($1.4 billion). Italy followed suit in March 2013. Both countries charge the tax regardless of whether the transactions took place within their territory. The European tax will work in the same way.
Complaint to EU: German Banks Try to Torpedo Transaction Taxes
http://www.spiegel.de/international/europe/german-banks-complain-about-french-and-italian-transactions-tax-a-939345.htmlGerman banking associations have sent letters to the European Commission urging it to forbid the new financial transaction taxes imposed by France and Italy. Insiders believe the letters are an attempt by the banking lobby to block a planned EU-wide financial transaction tax.
Complaint to EU: German Banks Try to Torpedo Transaction Taxes
By Claus Hecking and Stefan Kaiser
December 16, 2013 – 04:13 PM
Germany's banks have launched a campaign against new financial transaction taxes introduced by France and Italy. According to information obtained by SPIEGEL ONLINE, six leading German financial industry groups have lodged an official complaint with the European Commission against both countries. The taxes are "a breach of European law," according to two confidential, almost identical letters dated Sept. 23 that SPIEGEL ONLINE has seen. The groups are headed by all the relevant business associations of the German financial sector, including the savings and cooperative banks and the investment fund industry. They also include the Federal Association of Public Banks, which represents state-owned promotional banks and the regional Landesbanken.
The banks have been fighting the introduction of a financial transactions tax for years. European governments want the tax to recoup some of the billions of euros they spent on various bank bailout programs. The European financial transaction tax that Germany plans to introduce together with France, Italy and eight other EU member states could end up being especially expensive for the banks.
According to the plans, an additional tax of 0.1 percent will be charged on every sale and purchase of a share or bond. For derivative instruments, the tax will be 0.01 percent.
Two European countries have already gone ahead and introduced their own taxes. In August 2012, France imposed a tax of 0.2 percent on trade in shares of all national companies with a stock market capitalization of more than €1 billion ($1.4 billion). Italy followed suit in March 2013. Both countries charge the tax regardless of whether the transactions took place within their territory. The European tax will work in the same way.
December 17, 2013
Opposition leader Vitali Klitschko holds a Ph.D. in sports science, a boxing world heavyweight title, a seat in the Ukrainian Parliament and the top spot in opposition party UDAR, the Ukrainian word for "punch."
Ukraine's Vitali Klitschko: 'The People Intend to Fight'
Interview Conducted By Benjamin Bidder and Erich Follath
December 16, 2013 – 03:23 PM
The office in the headquarters of his Ukrainian Democratic Alliance for Reform (UDAR) party is spartanly furnished with a long table and uncomfortable chairs. The only decoration on the wall is a large map of Ukraine with the results of the 2012 parliamentary election.
The young party received nearly 14 percent of the vote, an accomplishment that it primarily owes to its chairman, Vitali Klitschko, 42, who has a large following in Ukraine. Since placing himself at the head of the current wave of protests, Klitschko has risen to become the most popular politician in the country.
Not everyone believes in the political abilities of the reigning world heavyweight champion boxer, but he has a reputation as a man of integrity, in contrast to the corrupt team in the government. He rushes from appointment to appointment, with his cell phone constantly pressed against his ear.
For this interview he switched off his mobile phone, had the doors closed, and told his staff that he didn't want to be disturbed. Throughout the interview, Klitschko seemed tired, but highly focused. He struggled to find the right words after long pauses. He says he can sense that history is being written in these days. He had just been with the demonstrators at Kiev's Independence Square, and he intended to return there that evening.
(Interview at link.)
Ukraine's Vitali Klitschko: 'The People Intend to Fight'
http://www.spiegel.de/international/europe/interview-vitali-klitschko-on-ukraine-opposition-movement-a-939355.htmlOpposition leader Vitali Klitschko holds a Ph.D. in sports science, a boxing world heavyweight title, a seat in the Ukrainian Parliament and the top spot in opposition party UDAR, the Ukrainian word for "punch."
Ukraine's Vitali Klitschko: 'The People Intend to Fight'
Interview Conducted By Benjamin Bidder and Erich Follath
December 16, 2013 – 03:23 PM
The office in the headquarters of his Ukrainian Democratic Alliance for Reform (UDAR) party is spartanly furnished with a long table and uncomfortable chairs. The only decoration on the wall is a large map of Ukraine with the results of the 2012 parliamentary election.
The young party received nearly 14 percent of the vote, an accomplishment that it primarily owes to its chairman, Vitali Klitschko, 42, who has a large following in Ukraine. Since placing himself at the head of the current wave of protests, Klitschko has risen to become the most popular politician in the country.
Not everyone believes in the political abilities of the reigning world heavyweight champion boxer, but he has a reputation as a man of integrity, in contrast to the corrupt team in the government. He rushes from appointment to appointment, with his cell phone constantly pressed against his ear.
For this interview he switched off his mobile phone, had the doors closed, and told his staff that he didn't want to be disturbed. Throughout the interview, Klitschko seemed tired, but highly focused. He struggled to find the right words after long pauses. He says he can sense that history is being written in these days. He had just been with the demonstrators at Kiev's Independence Square, and he intended to return there that evening.
(Interview at link.)
December 17, 2013
Kelly McParland: U.S. strives for low-wage job as China sends missions to the moon
Kelly McParland | 16/12/13 1:29 PM ET
Some sort of re-ordering is definitely going on in the universe. We probably already knew that, but the juxtaposition of two recent events brings it home in a stark way.
On the weekend China succeeded in landing on the moon, pulling off the first soft landing of a space vehicle in almost 40 years. The Chang-3 touched down safely on Saturday, and released a 140-km six-wheeled rover named Jade Rabbit to begin rolling around the lunar surface, sending back high-definition images.
The U.S., meanwhile has launched into a debate over minimum wages, and whether raising the current minimum from $7.25 would damage the recovery now gathering speed. When Beijing is watching a lunar landing and Washington is worrying about hurting its status as a low-wage employer, you know something is screwy somewhere.
~snip~
But another reason for the U.S. shift is cost. NASA no longer has carte blanche to spend on whatever astronautical adventures might engage its enthusiasm; a CNN report on Saturday suggests one of its flagship missions, the Cassini mission to Saturn, could have its budget cut by half in 2014, and another 50% the next year. China, on the other hand is still willing to pour money into missions that help establish it as a serious player in the space business. In the military field, it would like to build an aircraft carrier for the same reason.
Kelly McParland: U.S. strives for low-wage job as China sends missions to the moon
http://fullcomment.nationalpost.com/2013/12/16/kelly-mcparland-u-s-strives-for-low-wage-job-as-china-sends-missions-to-the-moon/Kelly McParland: U.S. strives for low-wage job as China sends missions to the moon
Kelly McParland | 16/12/13 1:29 PM ET
Some sort of re-ordering is definitely going on in the universe. We probably already knew that, but the juxtaposition of two recent events brings it home in a stark way.
On the weekend China succeeded in landing on the moon, pulling off the first soft landing of a space vehicle in almost 40 years. The Chang-3 touched down safely on Saturday, and released a 140-km six-wheeled rover named Jade Rabbit to begin rolling around the lunar surface, sending back high-definition images.
The U.S., meanwhile has launched into a debate over minimum wages, and whether raising the current minimum from $7.25 would damage the recovery now gathering speed. When Beijing is watching a lunar landing and Washington is worrying about hurting its status as a low-wage employer, you know something is screwy somewhere.
~snip~
But another reason for the U.S. shift is cost. NASA no longer has carte blanche to spend on whatever astronautical adventures might engage its enthusiasm; a CNN report on Saturday suggests one of its flagship missions, the Cassini mission to Saturn, could have its budget cut by half in 2014, and another 50% the next year. China, on the other hand is still willing to pour money into missions that help establish it as a serious player in the space business. In the military field, it would like to build an aircraft carrier for the same reason.
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