Category Archives: Breaking

FLASH: A Message From the President

 “The heart-breaking news from Fukushima continues to get worse -a lot worse. It is, quite simply, an out-of-control flow of death and destruction.

 TEPCO is finally admitting that radiation has been leaking to the Pacific Ocean all along and it’s not showing signs of stopping just yet.

 It now appears that anywhere from 300 to possibly over 450 tons of contaminated water that contains radioactive iodine, cesium, and strontium-89 and 90, is flooding into the Pacific Ocean from the Fukushima Daiichi site everyday.

 To give you an idea of how bad that actually is, Japanese experts estimate Fukushima’s fallout at 20-30 times as high as as the Hiroshima and Nagasaki nuclear bombings in 1945.

 There’s a lot you’re not being told…..”

Full article

 

Chaos Erupts in Boston as Manhunt for Boston Bombers Ensues

“(CNN) – Police sealed off densely populated portions the Boston metro area early Friday after a violent night of chasing the Boston Marathon terror suspects left one of the men and a police officer dead.

Police ordered businesses in the suburb of Watertown and nearby communities to stay closed and told residents to stay inside and answer the door for no one but authorities. Boston authorities advised the same. The city’s subway, bus and Amtrak train systems have been shut down. Taxi service across the city was suspended. Every Boston area school is closed.

“It’s jarring,” said CNN Belief blog writer Danielle Tumminio, who lives in Watertown.

Boston’s public transit authority sent city buses to Watertown to evacuate residents while bomb experts combed the surroundings for possible explosives.

Police shot one of the men dead after a wild car chase through Watertown in which authorities say they hurled explosives at pursuing officers.

Police believe the men are the same ones pictured in images released Thursday by the FBI as suspects in the marathon bombing that killed three people Monday.

The men are shown in the images walking together near the marathon finish line.

Several sources told CNN that the dead suspect has been identified as Tamerlan Tsarnaev, 26. The one still being sought is Dzhokhar Tsarnaev, age 19.

The first suspect, the one believed killed by police, appears in the images wearing a dark hat, sunglasses and a backpack. The second suspect, wearing a white cap, is the one who remains at large, police said.

Police warned Watertown residents to lock their homes and stay away from their windows and doors.

Federal, state and local law officers are swarming through Watertown, going door-to-door to track him down, said Massachusetts State Police spokesman Col. Timothy Alben.

Police officers in full body armor, carrying automatic weapons, flooded the area as authorities praised residents for their cooperation.

“We need more time,” Alben said. “We’re making significant progress up there. But it may take hours to do this.”

“This situation is grave.” Alben said earlier. “This is a very serious situation that we are dealing with.”

The violence began late Thursday with the robbery of a 7/11 convenience store, he said. Soon after, in Cambridge, across the Charles River from Boston, a Massachusetts Institute of Technology police officer was fatally shot while he sat in his car, the Suffolk County District Attorney’s Office said in statement. Police believe the bombing suspects were responsible for the shooting.

The same two suspects, according to authorities, then hijacked a car at gunpoint in Cambridge. They released the driver a half-hour later at a gas station.

As police picked up the chase, the car’s occupants threw explosives out the windows and shot at officers, according to the district attorney’s office….”

Full article

FLASH: Holder Says S&P Actions Were Egregious

Holder says despite internal analysis of deterioration in the quality in RMBS, S&P decided to ignore and hide deterioration by issuing top ratings.

The securities in question not only deteriorated, but failed.

developing…..

$STZ Falls 20% as DOJ Blocks Their Acquisition of Grupo Modelo

“WASHINGTON—The Justice Department filed suit Thursday to block Anheuser-Busch InBev NV’s ABI.BT -0.35% $20.1 billion deal to buy Grupo ModeloGMODELO.MX -6.96% SAB, saying U.S. consumers would suffer harm if the makers of Bud Light and Corona Extra merged.

AB InBev made the deal for Grupo Modelo last summer, hoping to augment its position in the fast-growing Mexican market while expanding the reach of Modelo brands globally.

The news also served to torpedo shares of Constellation Brands Inc., STZ -19.21%which had a side deal as part of the takeover plan.

AB InBev already owns a 50% noncontrolling stake in Modelo, whose stable includes Corona Extra, the best-selling imported beer in the U.S., as well as Modelo Especial and Pacifico. It proposed to buy the rest from the Mexican families that control Modelo in a cash deal.

The Justice Department said it filed suit in U.S. District Court for the District of Columbia seeking to prevent the companies from merging. The deal “would result in less competition and higher beer prices for American consumers,” said the department’s antitrust chief, Bill Baer. “This lawsuit seeks to prevent ABI from eliminating Modelo as an important competitive force in the beer industry.” ..”

Full article

Fire Breaks Out on Boeing 787 Dreamliner at Logan Airport, $BA Tanks

“A fire has been reported in an empty airplane parked at a gate at Logan International Airport, a Massport spokesman said this morning.

The affected aircraft was a Japan Airlines Boeing 787 Dreamliner, spokesman Richard Walsh said. The 787 is used on a nonstop flight from Boston to Tokyo, which has been a pivotal part of Governor Deval Patrick’s efforts to expand trade between Massachusetts and Asia.

No smoke was showing from the plane late this morning, but it remained surrounded by fire engines.

A Federal Aviation Administration spokesman said the fire occurred while the plane was sitting at a gate. State Police said there were no crew and no passengers on the plane, which was sitting at Gate E8….”

Red Alert Issued for an Awakening Volcano

 

“(CNN) – Chilean authorities on Sunday issued a red alert — the most severe in their warning system — that the Copahue Volcano, high in the Andes mountains on the border with Argentina, might be poised for a significant eruption.

In a statement, Chile’s Geological and Mining Service stressed that no mandatory evacuations have been ordered around the remote volcano, which lies about 280 kilometers southeast (175 miles) of Concepcion, though the closest roads to it are in Argentina.

Even though the seismic activity suggests a minor eruption, the agency decided to raise the alert level because it could not rule out a major eruption. The service warned specifically about potentially dangerous mudslides within a 15-kilometer (9.3-mile) radius of the crater.”

Full article

U.S. Prepares to Squash al-Qaeda in Mali

“It’s only December, but it looks like the Pentagon has all planned out how they’ll spend a good part of 2013. US officials now claim that the Defense Department is busy preparing a military operation in the nation of Mali.

United States officials with knowledge of the matter tell the Washington Post that the Department of Defense and the US State Department will assist next year in a mission to overthrow Islamic extremists with ties to al-Qaeda who took under control a significant part of Mali, a small West African country that is still picking itself up after a coup this past March.

Earlier this year, military officers displaced the administration of then-President Amandou Toumani Toure, claiming that he was reluctant in addressing the extremist issue himself. However since then the military junta failed to improve security in the country and retake control of the northern part of Mali captured by the Islamists.Now the US is claiming that it’s ready to help the military rulers, even though it may be a clear violation of American laws: the Pentagon cannot assist first-hand with people responsible for ousting a democratically elected leader. That doesn’t mean, however, that Washington won’t find a way to send support overseas…”

Full article

Diamondback To Liquidate: Here Are Its Largest Holdings

“Once upon a time Diamondback was one of the most prestigious, most desired to work for hedge funds. That is no longer the case, because as Bloomberg reported moments ago, the Stamford, CT-based fund, which as recently as 2010 had nearly $6 billion in AUM, is closing down, due to concerns it could be the next SAC, and following a flurry of redemptions, has no choice but to liquidate. What equities will be dumped wholesale by the fund? Full list of top 30 holdings is presented below.

From Bloomberg…”

Full article

Calpers Files a Legal Motion Against the City of San Bernardino

“LOS ANGELES (Reuters) – America’s biggest public pension moved aggressively against the bankruptcity of San Bernardino, California, on Tuesday night over the city’s decision to halt payments to the fund.

The move laid bare a high-stakes battle shaping up between Wall Street and state pension funds over how they are treated when cities run out of money.

The powerful California Public Employees’ Retirement System (Calpers) filed a legal motion declaring its intention to sue San Bernardino for millions of dollars in pension arrears, a move that the fund has never before had to make in a municipal bankruptcy.

San Bernardino, a city of 210,000 about 60 miles east of Los Angeles, filed for bankruptcy protectionon August 1. Since then, it has halted its bi-weekly, $1.2 million payment to Calpers, saying it wants to defer any payments to the fund until fiscal year 2013-2014. Calpers says the city is already $6.9 million in arrears since August 1.

The San Bernardino bankruptcy is fast emerging as a precedent-setting case over how creditors, especially Wall Street bondholders and insurers, are treated in a municipal bankruptcy, because never before has a city seeking bankruptcy halted payments to Calpers or threatened its historical primacy as a creditor.”

Full article

Bigfoot AKA Yeti AKA Sasquatch AKA Abominable Snowman Lives….Request for Classification as….Wait for it

Requested to be classified as indigenous people….

“Five-Year Genome Study At DNA Diagnostics Yields Evidence of Homo sapiens/Unknown Hominin Hybrid Species in North America

Dallas, TX (PRWEB) November 24, 2012

A team of scientists can verify that their 5-year long DNA study, currently under peer-review, confirms the existence of a novel hominin hybrid species, commonly called “Bigfoot” or “Sasquatch,” living in North America. Researchers’ extensive DNA sequencing suggests that the legendary Sasquatch is a human relative that arose approximately 15,000 years ago as a hybrid cross of modern Homo sapiens with an unknown primate species.

 

The study was conducted by a team of experts in genetics, forensics, imaging and pathology, led by Dr. Melba S. Ketchum of Nacogdoches, TX. In response to recent interest in the study, Dr. Ketchum can confirm that her team has sequenced 3 complete Sasquatch nuclear genomes and determined the species is a human hybrid:

“Our study has sequenced 20 whole mitochondrial genomes and utilized next generation sequencing to obtain 3 whole nuclear genomes from purported Sasquatch samples. The genome sequencing shows that Sasquatch mtDNA is identical to modern Homo sapiens, but Sasquatch nuDNA is a novel, unknown hominin related to Homo sapiens and other primate species. Our data indicate that the North American Sasquatch is a hybrid species, the result of males of an unknown hominin species crossing with female Homo sapiens….”

Full article

Old Man Buffet Discloses New Investments in $DE, $WB, & $PCP

Buffet also made changes to some of their holdings:

“Berkshire added to its existing investments in Wells Fargo (WFC), Bank of New York Mellon (BK), General Motors (GM) DirecTV (DTV), DaVita (DVA), National Oilwell Varco (NOV) and Viacom (VIA).

Berkshire also reduced its stakes in Johnson & Johnson (JNJ), Kraft Foods (KRFT), Lee Enterprises (LEE), Procter & Gamble (PG) and US Bancorp (USB). It sold off 5.3 million shares of CVS Caremark (CVS).”

Full article

Charter Schools in Session Despite Strike

Now you know why liberals hate Charter Schools. They are effective, and they break the suction between the unions and the taxpayer teat.

Leslie Daniels enrolled her son in a Chicago charter school three years ago because she didn’t like the education he was getting in his local neighborhood school.

In the back of her mind, she also knew the school was less likely to be affected by labor problems because its teachers are not members of the Chicago Teachers Union. That’s an added benefit now that the union has called for its first walkout in 25 years. All of the city’s charter schools will remain open Monday.

“I’m glad I made the switch,” said Daniels, 55. “I feel for the other parents because a lot of them are working. What are their children going to be doing?”

Charter schools, which are independently run but largely rely on public funding, have been growing steadily in Chicago over the last decade. Former Mayor Richard M. Daley pushed a major expansion of charter schools in the mid-2000s, promoting them as options for parents frustrated by low-performing public schools in their neighborhood.

As a result, the city’s charter enrollment has nearly doubled in the last five years, reaching about 52,000 students this fall, according to Chicago Public Schools figures. Mayor Rahm Emanuel, like his predecessor, wants to see charter options expand even further, and there are plans for 60 more charter schools in Chicago over the next five years.

Read the rest here.

GUNMAN KILLS 6 IN SIKH TEMPLE ATTACK IN WISCONSIN

via AP

OAK CREEK, Wis. (AP) — An unidentified gunman killed six people at a Sikh temple in suburban Milwaukee on Sunday in a rampage that left terrified congregants hiding in closets and others texting friends outside for help. The suspect was killed outside the temple in a shootout with police officers.

Police called the attack an act of domestic terrorism, but did not provide any details about the gunman or suggest a possible motive. Oak Creek Police Chief John Edwards did not say whether he specifically targeted the Sikh community.

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