Paris wants to tax unused office space which they say would help the housing market. Portugal’s largest bank misses a bond payment. Consumer credit is declining, spending is declining, companies earnings are declining the collapse is approaching. FED signals an exit plan by October. It seems collapses always occur in October. More global firms are using the renminbi and yuan for trade. 1 in 3 people have a RFID implanted in their dental work and they don’t even know it. Big Banks want to declare cyber war. ISIL captures a so called chemical weapons facility even though Iraq has no WMD.
Snopes is reporting that 1 in 3 people dental implant RFID story is a hoax. http://www.snopes.com/politics/satire/microchip2.asp.
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Current News – 07.09.2014
- The Paris City Council approved Tuesday a tax on commercial vacant properties. The main objective according to city planners is to encourage the conversion of empty offices into housing, not to “create a new tax”. The city plans to tax owners of vacant commercial premises at 20% of the rental value of the first year, 30% the second, 40% the third year, from 1 January 2015.
- Price Crash On the Way
- With this ruling, a price crash in office space lease terms as well as property values is a given.
- Espirito Santo International SA – is in a “serious financial condition”
- Sure enough, the ‘ponzi-like’ maneuvers have left the bank unable to pay its bonds , bonds plunged to record lows after a parent company delayed payments on short-term notes.
- Portuguese bond risk has surged to 4 month highs with the biggest 2-day spike in a year.
- As one analyst noted, “The bigger question is whether the government will have to get involved,” leaving the EU taxpayer on the hook once again (for fear of M.A.D. threats)
- March when consumers cleaned out their savings account and which resulted in a surge in March retail spending in consumer outlays? Now we know that in addition to borrowing from their savings, consumers also “charged” it, because as we reported last month, the April consumer credit soared by an unprecedented $8.8 billion, the most since 2007, May consumer credit numbers, is that the month after the March spending spree, funding largely on credit, consumers hunkered down once more, and the May increase in revolving credit was a paltry $1.8 billion, much lower than the April surge, and the lowest since February. In other words, after the spending binge, came the credit card bills, and with them, the spending hangover.
Samsung reporting 26% Drop, Apple looking at a DROP, GE DROP, Tesla – DROP, Walmart – DROP, Netflix, Facebook, TripAdvisor, Hotwire… Even Amazon is hinting at a drop in sales for 2nd qtr…
Hopefully THIS is evident to everyone… Samsung reported “… unable to find buyers for new devices…”
Weather right? It’s now soo nice out nobody wants to shop or take vacations, or use electricity, or their phone, rent a movie, click on links… (Little help with an excuse?)
- CEO of The Container Store, further destroyed the myth of a ‘recovery’ stalled by ‘weather’ “We thought our sluggish sales were all because of weather and calendar shift…but now we’ve come to realize it’s more than that, consistent with so many of our fellow retailers, we’re experiencing a retail funk.”
- “Our highest-end customer seems to be a little bit infrequently shopping us for some darn reason
- Simply put, if ‘weather’ had been to blame – as has been scapegoated by everyone – then there would/should be a massive buying surge in Q2 (which is absolutely not what firms like Wal-Mart and The Container Store are seeing)
- * * *
- *SOME FED OFFICIALS SAW INVESTORS AS TOO COMPLACENT ON RISKS
- *FED SAW INSUFFICIENT INVESTOR UNCERTAINTY ON ECONOMY, RATES
- *FOMC SEES QE ENDING WITH $15 BLN CUT IN OCT. IF OUTLOOK HOLDS
- *FOMC SAYS LABOR MARKET `GENERALLY IMPROVED,’ WAGE RISE MODEST
- *FOMC PARTICIPANTS SAW ECONOMY REBOUNDING IN SECOND QUARTER
- if tapering in the pace of purchases continues as expected, the final reduction would come in a single $15 billion per month reduction or in a $10 billion reduction followed by a $5 billion reduction.
- October are when crashes happen (see 29, 87, 08)
- that any conflict would be a global disaster.
- “A conflict between China and United States will definitely be a disaster for the two countries and the world,” Xi said. “As long as we uphold mutual respect, maintain strategic patience and remain unperturbed by individual incidents and comments, we’ll be able to keep relations on a firm footing despite ups and downs that may come our way.”
- The use of the renminbi in trade settlements increased sharply this year, according to HSBC’s annual renminbi survey.
- Of the German companies profiled, 23 percent are using the renminbi to settle trades,
- Usage of the renminbi among French companies – a new addition to this year’s list – was high at 26 percent.
- Prospects for next year are bright as nearly 60 percent of global companies plan to increase their cross border activity with China over the next 12 months. Currently, 22 percent of companies globally trade in renminbi.
- Meanwhile 32 percent of companies who don’t use the renminbi expect to do so in the future, HSBC found.
- U.K. survey participants were the most enthusiastic about using the renminbi over the next year; 86 percent of U.K. firms plan to use it, followed by Canada at 74 percent, the United Arab Emirates at 73 percent and 63 percent in France.
- Obama is resisting calls to visit the border during his two-day fundraising trip to Texas, where he arrives late Wednesday afternoon. Instead, Obama will hold a meeting hundreds of miles away in Dallas to discuss the crisis with faith leaders and Texas officials, including Republican Gov. Rick Perry.
- President Barack Obama is asking Congress to provide $3.7 billion to address the crisis at the border
- “I can’t see how I can support this thing,” Johnson
- Story continues below video.
- “If you take $3.7 billion and divide it by 52,000 children, that’s $71,000 per person,” he explained.
- “I’ve gone online and have taken a look on Orbitz and taken a look at what does it cost to fly people to El Salvador and Guatemala and Honduras,” the Wisconsin Republican said. “You have fares as low as $207. There’s nonstop flights at $450.”
- “You take those numbers and it costs somewhere between $11 million and $30 million to return people in a very humane fashion,” Johnson contends.
- “When we talk about a Dream Act, that creates an incentive,” Johnson explained. “When President Obama institutes his Deferred Action on Childhood Arrivals and basically telling kids, ‘Hey, when you get here we’re not going to deport you,’ that creates an incentive.”
- For the third time in as many years, legislation has been introduced in Congress that would revoke the passports of US citizens with “seriously delinquent tax debts.
- Similar proposals failed in 2012 and 2013, when Congress tried to sneak this provision into the highway funding bill. And now, as on schedule, Sen. Ron Wyden (D-Ore.) has once again introduced the bill, complete with a passport revocation measure.
- In other words, the passport revocation measure has nothing to do with actually raising revenue. It has a lot more to do with showing US citizens “who’s the boss.” And the boss is not you.
- Federal law generally prohibits the IRS from disclosing taxpayer data to other federal agencies. But the Wyden proposal gives the IRS permission to disclose the names of citizens with “seriously delinquent tax debts” to the State Department. Upon receiving this information, the State Department must revoke these citizens’ passports or passport cards. It also can’t issue new passports or passport cards to them.
- Even if you don’t have a seriously delinquent tax debt, the US government still might confiscate (or refuse to renew) your passport when it expires if
- In a shocking study it was recently revealed that 1 in 3 individuals tested had an active RFID in them, and they were unaware of it
- In a publication from the Wyoming Institute of Technology (WIT) “Analysis of Radio Frequency Identification (RFID) Chip Prevalence in 3 Discrete United States Populations”, it has been reported that doctors tested 2955 Americans from different geographic locations and walks of life.
- The test subjects were stripped down and scanned bodily to see if RFID chips could be detected.
- the majority detected by the researchers were from dental work – fillings, bridges, crowns, etc. The chips are often inserted during the manufacturing process, and the patient is never aware of its existence.
- NATO’s Secretary General Anders Fogh Rasmussen says Afghanistan must sign a security pact by September, which would allow US troops to stay in the country beyond 2014, or there will be “severe” problems for the US-led alliance.
- Ukrainian President Petro Poroshenko said he will reduce the country’s “useless” science programs to finance the production of drones and precision weapons.
- “There will be no more spending of billions of people’s money, taxpayers’ money on useless research programs, which were used as a tool for theft,” said a statement published on the president’s website early on Wednesday.
- “Today, Ukrainian production will be busy making precision weapons systems, Ukrainian drones, everything Ukrainian army needs, starting with bullet proof vests and ending with thermographic cameras,” he said.
- Islamic State of Iraq and the Levant has overcome military forces to reach the edge of the Iraqi capital.
- Security sources said ISIL, which now calls itself Islamic State, has reached the outskirts of Baghdad. They said ISIL units, attacking from three sides, were battling the Iraq Army within 15
- The legislation, which was approved by the committee by a vote of 12 to 3, would allow private firms to share information regarding cyber-attacks “in real time.” It would also shield those firms from lawsuits by individuals against those companies for sharing data with each other, and with the US government, regardless of terms of service contracts that may prevent such actions without a customer’s consent.
- According to the American Civil Liberties Union, which is joined by like-minded watchdogs such as the Electronic Frontier Foundation in panning CISA, the legislation’s “catch-all provisions” would seem to allow the collection of the content of communications, rather than just malicious code. “That’s one of the biggest concerns,” Gabriel Rottman, an attorney with the ACLU, told the Guardian.
- Want to hear the worst idea in the history of horrible ideas? How about we take the industry responsible for destroying the U.S. economy and wrecking the lives of tens of millions of people, and then allow it to create a “government-industry cyber war council.”
- It appears that trillions in taxpayer bailouts simply wasn’t enough for Wall Street. the industry is now positioning itself to overtly control U.S. “cyber” policy. What could go wrong?
- The man behind the push appears to be ex-NSA chief Keith Alexander,
- Wall Street’s biggest trade group has proposed a government-industry cyber war council to stave off terrorist attacks that could trigger financial panic by temporarily wiping out account balances, according to an internal document.
- partment of Homeland Security, all led by a senior White House official.
- Representative Alan Grayson, a Florida Democrat, said today he was concerned that industry members in such a joint group could improperly get involved in pre-emptive strikes against a person or state planning an assault on the U.S.
- “This could in effect make the banks part of what would begin to look like a war council,” Grayson said in an e-mail. “Congress needs to keep an eye on what something like this could mean.”
- There is cause for concern, given the following context:
- Fascism is the merger of state and corporate power (and see this). The big banks and government have already largely merged
- Big banks are literally criminal enterprises
- The big banks and government joined together to violently crush peaceful protests against inequality and bank bailouts
- Bankers love war, because they make out like bandits … while the economy and the American people lose
- Cyber war may lead to a shooting war. For example, Scientific American notes:
- The NSA may be changing the amount in people’s financial accounts and manipulating financial systems with its offensive cyber capabilities
- The Chinese cyber attack group Deep Panda late last month compromised “several” national security think tanks with multiple, simultaneous, and sophisticated attacks designed to collect information about foreign policy decisions, according to researchers at security firm CrowdStrike.
- Deep Panda, a group that has been attacking targets in the high-tech, financial services, and government arenas since 2009, was found to be cracking think tank systems to collect data
- The Iraqi government has informed the United Nations that it has lost control of a former chemical weapons depot to Islamist insurgents affiliated with ISIS, or IS, and cannot carry out its obligations to destroy what’s stored in the compound.