Wednesday, September 25, 2013

SPDR Select Sector Fund - Healthcare




















































































































































































































































































































Tuesday, September 24, 2013

Tuesday, September 10, 2013

Crisis cost up to $14 trillion, Dallas Fed says

Crisis cost up to $14 trillion, Dallas Fed says

The financial crisis cost the U.S. economy $6 trillion to $14 trillion—and possibly twice that—along with untold costs from "special treatment" that too-big-to-fail banks received, according to an explosive new analysis from the Dallas Federal Reserve.

Nearing the five-year anniversary of the Lehman Brothers' bankruptcy that shocked the global economy, the central bank analysis takes a stark look at the costs left behind by the crisis and the ensuing bailout.
Among the lasting damages, the paper cites continuing and pervasive unemployment as well as the opportunity costs that came from $12.6 trillion in direct aid given to the financial sector.

"The 2007–09 meltdown produced a huge downshift in the path of economic output, consumption and financial wealth," the paper said. "The nation has borne additional costs arising from psychological consequences, skill atrophy from extended unemployment, a reduced set of economic opportunities and increased government intervention in the economy."
Lessons from the financial crisis of 2008
 
Jessica Bibliowicz, former Chairman & CEO of National Financial Partners, shares her reflections on the huge blow to the U.S. banking system five years ago and how she led her business back from the brink.
(Special Report: Bank from the brink: 5 years later)

All totaled, the damage comes to $6 trillion to $14 trillion, a staggering number that nearly equates to an entire year of gross domestic product.

Broken down, that translates to $50,000 to $120,000 for every U.S. household "or the equivalent of 40 to 90 percent of one year's economic output," the paper said.

And it could be worse—a lot worse—depending on how long it takes for a full recovery to set in.
"If the effects of the crisis are permanent, the path of consumption observed since 2007 suggests that the cost of the crisis may be more than double the $6 trillion to $14 trillion estimate," the paper said.


(Read more: A financial crisis timeline)

The Dallas Fed used output-per-person totals as of mid-2013 to calculate the costs. It figured that number stood at 12 percent lower than typical recoveries over the past 50 years.
Some of the numbers the central bank branch cites are startling: a loss of 8.7 million nonfarm payroll jobs; a peak of 14.7 million unemployed, labor underutilization that remains "intractably high" and 10.6 million underemployed.

(Read more: Jobs growth misses high hopes; rate drops to 7.3%)
"A stark legacy of the recession and the lackluster labor market is reduced opportunity and deterioration captured in subjective measures of well-being," the paper said. "Since the recession's onset in December 2007, more citizens believed their income would be lower in the future than thought it would be higher. This is the first time in any recession since the 1960s that income expectations turned negative."

The U.S. fell from second to 18th on the Frasier Institute's Index of Economic Freedom ranking in 2012, a remnant, the Fed said, of the bailouts used to prop up Wall Street institutions at the center of the financial crisis.

The paper said:
Deemed "too big to fail," these financial intermediaries lacked discipline and accountability leading up to the crisis and proved largely immune to the downside of their excessive risk taking. This special treatment violated a basic tenet of American capitalism: All people and institutions have the freedom to succeed and also to fail based on the merits of their actions. In a way, the 2008–09 bailouts exacted an unfair and nontransparent tax upon the American people.

The Fed added:
Although unprecedented fiscal and monetary action in the throes of panic during 2008–09 may have prevented a full-blown depression, such intervention did not come without significant costs. Society must deal with the consequences of a swollen federal debt, an expanded Federal Reserve balance sheet and increased regulations and government intervention for years to come.

The damage from the crisis remains hard to calculate, the paper said, given the possibility that the U.S. economy may never reach its old productivity level.
The paper concluded:
Given this range of estimates, the tepid economic recovery and the collateral damage sustained, it is crucial to implement effective policies that avoid future episodes whose magnitude could exceed even the staggering costs and consequences of the most recent financial crisis.
(Read the full Dallas Fed report here.)


NSA

The Cowboy of the NSA Foreign Policy
James Clapper’s Financial War on the World Marcy Wheeler.
NSA Has Apparently Targeted SWIFT Network, Petrobras, and the French Diplomatic Network Kevin Drum
Helicopter circles US consulate in spy probe The Local
Johns Hopkins and the Case of the Missing NSA Blog Post ProPublica

Tuesday, August 27, 2013

Monday, August 26, 2013

Monday, August 5, 2013

NSA,

Members of Congress denied access to basic information about NSA Glenn Greenwald, Guardian
Embassy, consulate closures applauded on both sides of the aisle WaPo
Senior U.S. senator says Putin acting like ‘schoolyard bully’ Reuters
Edward Snowden’s Life Just Flat-Out Fun And Exciting America’s Finest News Source
More Sinned Against than Manning Jacob Bacharach

From the Big Picture

Read the full story: http://propub.ca/nsa-claims
James Clapper, Senate Intelligence Committee, March 12, 2013
http://www.youtube.com/watch?v=QwiUVU…
Gen. Keith Alexander, DEFCON, July 27, 2012
http://www.youtube.com/watch?v=Rm5cT-…
Gen. Keith Alexander, American Enterprise Institute, July 9, 2012
http://www.youtube.com/watch?v=nTwiZn…
Sen. Dianne Feinstein (D-Calif.), Senate floor, May 23, 2011
http://www.youtube.com/watch?v=TBRqm8…
President Obama on the Charlie Rose Show, June 16, 2013
http://www.youtube.com/watch?v=IlThTT…

Exclusive: U.S. directs agents to cover up program used to investigate Americans

Sunday, August 4, 2013

Friday, July 19, 2013

NSA stuff

The NSA’s Massive Data Center Is Coming Online Ahead Of Schedule — And It’s More Powerful Than You Thought BuzzFeed
We don’t owe anyone an apology, says US consul over Edward Snowden affair South China Morning Post
Snowden’s Dead Man’s Switch Bruce Schneier
White House stays silent on renewal of NSA data collection order Guardian
Privacy group warns against California plan for digital license plates Modesto Bee
N.J. Supreme Court Restricts Searches of Phone Data New York Times

It's Time for Americans to Admit That We've Had a Coup d’etat Citizens of the U.S. are oppressed by an illegitimate government ruling. - Paul Craig Roberts

Snowden Unplugged 

Downtown L.A. office building sells for record $437.5 million - NSA related

http://www.wired.com/politics/security/news/2007/10/domestic_taps
http://www.datacenterdynamics.com/de/focus/archive/2012/12/gi-partners-b...
http://www.gipartners.com/

Q. "Did You Think The NSA Could Keep This Secret Forever?" A. "Well, We Tried!"

Crude oil

 Old, not sure why I find them linked in stuff now.

Complete English translation of German military analysis of peak oil now available - 2 year old report - just want to check it out

US military warns oil output may dip causing massive shortages by 2015 - 3 year old article

.
http://ftalphaville.ft.com/2013/07/10/1563962/the-wti-carry-unwind/
http://ftalphaville.ft.com/2013/07/03/1555962/wti-and-the-taper-effect/

Thursday, July 18, 2013

NSA links, JP Morgan energy fine, Energy fines

NSA’s phone and web snooping more far-reaching than thought Financial Times
Snowden could leave Moscow airport in next few days Financial Times
Bipartisan House panel slams administration on surveillance Politico
I Hereby Resign in Protest Effective Immediately Common Dreams.
Snoop Snoop Song: A Conversation with Glenn Greenwald Harpers (Deontos)
Is Edward Snowden Protected By International Law? Huffington Post (martha r)
Ruling That Struck Down Military Detention Power Rejected Bloomberg
FEMA hacked: Anonymous hacks US server in defense of Snowden and government transparency Global
 Post

The NSA Admits It Analyzes More People's Data Than Previously Revealed

 I Hereby Resign in Protest Effective Immediately

And the links from resign post;

The crux of the NSA story in one phrase: 'collect it all'
http://www.guardian.co.uk/commentisfree/2013/jul/15/crux-nsa-collect-it-all

How the NSA is still harvesting your online data
http://www.guardian.co.uk/world/2013/jun/27/nsa-online-metadata-collection

Inside America's Dirty Wars
http://www.nationinstitute.org/featuredwork/fellows/3260/inside_america%27s_dirty_wars/

Revealed: Pentagon's link to Iraqi torture centres
http://www.guardian.co.uk/world/2013/mar/06/pentagon-iraqi-torture-centres-link

The Global Intelligence Files
http://wikileaks.org/the-gifiles.html

Leaked HBGary Documents Show Plan To Spread Wikileaks Propaganda For BofA... And 'Attack' Glenn Greenwald
http://www.techdirt.com/articles/20110209/22340513034/leaked-hbgary-documents-show-plan-to-spread-wikileaks-propaganda-bofa-attack-glenn-greenwald.shtml

Guantanamo Detainee Begs to Be Charged as Legal Limbo Worsens
http://online.wsj.com/article/SB10001424127887324069104578527012686080732.html

Collateral Murder
http://www.collateralmurder.com


JPMorgan in Talks to Settle Energy Manipulation Case for $500 Million

http://www.ferc.gov/media/news-releases/2013/2013-3/07-16-13.asp

The power principal - video