The biggest borrowers from the 97-year-old discount window as the program reached its crisis-era peak were foreign banks, accounting for at least 70 percent of the $110.7 billion borrowed during the week in October 2008 when use of the program surged to a record. The disclosures may stoke a reexamination of the risks posed to U.S. taxpayers by the central bank’s role in global financial markets. http://www.bloomberg.com/news/2011-04-01/foreign-banks-tapped-fed-s-lifeline-most-as-bernanke-kept-borrowers-secret.html
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Bloomberg writes: Arab Banking Corp., the lender part- owned by the Central Bank of Libya, used a New York branch to get 73 loans from the U.S. Federal Reserve in the 18 months after Lehman Brothers Holdings Inc. collapsed.
The bank, then 29 percent-owned by the Libyan state, had aggregate borrowings in that period of $35 billion http://www.bloomberg.com/news/2011-03-31/libya-owned-arab-banking-corp-drew-at-least-5-billion-from-fed-in-crisis.html
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The Washington Times writes: "American taxpayers are now positioned to recover more than my administration invested in GM,” President Obama said, according to a piece in USA Today last November. Steven Rattner, former head of the Treasury's auto task force agreed, telling CNN in November: “Recent progress at GM gives reason for optimism that it may be possible for taxpayers to get every penny back.”
In fact, Investor's Business Daily reported that even the White House’s Director of the National Economic Council remarked that the Treasury Department Department had a good chance in "recovering most, if not all, of its investment in" GM.
However, a March 16 Congressional Oversight report, tells a different story. It estimates taxpayers will be out of $25 billion.
That's only the beginning. Both the White House and the Congressional Oversight report omit the fact that during its bankruptcy, GM got a $45 billion tax break, courtesy of the American people.
GM is driving “away from its U.S.-government-financed restructuring with a final gift in its trunk: a tax break that could be worth as much as $45 billion,” reported The Wall Street Journal last November. http://www.washingtontimes.com/blog/watercooler/2011/mar/31/barack-obama-losing-84-billion-big-success/
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Free Republic Reports: The Mackinac Center for Public Policy received numerous death threats and bomb threats in the aftermath of national publicity about a Freedom of Information Act request it sent to three public universities. The messages were left on the Center's voice mail Thursday night and early Friday morning, but it is unclear at this point if one or two women were responsible for the threats. Mackinac Center President Joseph Lehman said the Mackinac Center has contacted law enforcement about the threats.
“We, along with the authorities, are doing everything necessary to protect ourselves,” Lehman said. “No threats will prevent us from showing the public how universities spend tax dollars.”
There were five messages left containing death or bomb threats. Four of them appear to be from the same caller. A fifth message was from a woman who left a death threat and, unlike the previous caller, left her name and indicated she lived in a neighboring state. It was unclear if the second caller was the same as the first caller. In one message, a female voice said: “Scotty Walker is dead. So are you. We know where you live.” The woman then recited the Mackinac Center’s address and said, “We are coming up to destroy you.”
In another message, a female who left her name said: “You are on Main Street. You are the first place to be bombed.”... http://www.freerepublic.com/focus/f-bloggers/2698464/posts
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(CNN) -- The powerful earthquake that unleashed a devastating tsunami Friday appears to have moved the main island of Japan by 8 feet (2.4 meters) and shifted the Earth on its axis.
"At this point, we know that one GPS station moved (8 feet), and we have seen a map from GSI (Geospatial Information Authority) in Japan showing the pattern of shift over a large area is consistent with about that much shift of the land mass," said Kenneth Hudnut, a geophysicist with the U.S. Geological Survey (USGS).
Reports from the National Institute of Geophysics and Volcanology in Italy estimated the 8.9-magnitude quake shifted the planet on its axis by nearly 4 inches (10 centimeters).
The quake occurred as the Earth's crust ruptured along an area about 250 miles (400 kilometers) long by 100 miles (160 kilometers) wide, as tectonic plates slipped more than 18 meters, said Shengzao Chen, a USGS geophysicist.
Japan is located along the Pacific "ring of fire," an area of high seismic and volcanic activity stretching from New Zealand in the South Pacific up through Japan, across to Alaska and down the west coasts of North and South America. The quake was "hundreds of times larger" than the 2010 quake that ravaged Haiti, said Jim Gaherty of the LaMont-Doherty Earth Observatory at Columbia University.
http://www.cnn.com/2011/WORLD/asiapcf/03/12/japan.earthquake.tsunami.earth/index.html?hpt=T1
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CBS reports: A new analysis of the 8.9-magnitude earthquake in Japan has found that the intense temblor has accelerated Earth's spin, shortening the length of the 24-hour day by 1.8 microseconds, according to geophysicist Richard Gross at NASA's Jet Propulsion Laboratory in Pasadena, Calif. http://www.cbsnews.com/stories/2011/03/13/scitech/main20042590.shtml
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The New York Post writes: After weathering a winter of intimidation, Mayor Bloomberg has apparently capitulated to an Environmental Protection Agency scare campaign.
The issue: PCBs -- three little letters that are about to sock New York schools with another $700 million funding drain.
The supposedly toxic chemicals are found in old light fixtures in classrooms all over. The feds want them replaced -- no matter the cost.
GM is driving “away from its U.S.-government-financed restructuring with a final gift in its trunk: a tax break that could be worth as much as $45 billion,” reported The Wall Street Journal last November. http://www.washingtontimes.com/blog/watercooler/2011/mar/31/barack-obama-losing-84-billion-big-success/
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Free Republic Reports: The Mackinac Center for Public Policy received numerous death threats and bomb threats in the aftermath of national publicity about a Freedom of Information Act request it sent to three public universities. The messages were left on the Center's voice mail Thursday night and early Friday morning, but it is unclear at this point if one or two women were responsible for the threats. Mackinac Center President Joseph Lehman said the Mackinac Center has contacted law enforcement about the threats.
“We, along with the authorities, are doing everything necessary to protect ourselves,” Lehman said. “No threats will prevent us from showing the public how universities spend tax dollars.”
There were five messages left containing death or bomb threats. Four of them appear to be from the same caller. A fifth message was from a woman who left a death threat and, unlike the previous caller, left her name and indicated she lived in a neighboring state. It was unclear if the second caller was the same as the first caller. In one message, a female voice said: “Scotty Walker is dead. So are you. We know where you live.” The woman then recited the Mackinac Center’s address and said, “We are coming up to destroy you.”
In another message, a female who left her name said: “You are on Main Street. You are the first place to be bombed.”... http://www.freerepublic.com/focus/f-bloggers/2698464/posts
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(CNN) -- The powerful earthquake that unleashed a devastating tsunami Friday appears to have moved the main island of Japan by 8 feet (2.4 meters) and shifted the Earth on its axis.
"At this point, we know that one GPS station moved (8 feet), and we have seen a map from GSI (Geospatial Information Authority) in Japan showing the pattern of shift over a large area is consistent with about that much shift of the land mass," said Kenneth Hudnut, a geophysicist with the U.S. Geological Survey (USGS).
Reports from the National Institute of Geophysics and Volcanology in Italy estimated the 8.9-magnitude quake shifted the planet on its axis by nearly 4 inches (10 centimeters).
The quake occurred as the Earth's crust ruptured along an area about 250 miles (400 kilometers) long by 100 miles (160 kilometers) wide, as tectonic plates slipped more than 18 meters, said Shengzao Chen, a USGS geophysicist.
Japan is located along the Pacific "ring of fire," an area of high seismic and volcanic activity stretching from New Zealand in the South Pacific up through Japan, across to Alaska and down the west coasts of North and South America. The quake was "hundreds of times larger" than the 2010 quake that ravaged Haiti, said Jim Gaherty of the LaMont-Doherty Earth Observatory at Columbia University.
http://www.cnn.com/2011/WORLD/asiapcf/03/12/japan.earthquake.tsunami.earth/index.html?hpt=T1
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CBS reports: A new analysis of the 8.9-magnitude earthquake in Japan has found that the intense temblor has accelerated Earth's spin, shortening the length of the 24-hour day by 1.8 microseconds, according to geophysicist Richard Gross at NASA's Jet Propulsion Laboratory in Pasadena, Calif. http://www.cbsnews.com/stories/2011/03/13/scitech/main20042590.shtml
------------------------------------------------------------------------------------------------------------
The New York Post writes: After weathering a winter of intimidation, Mayor Bloomberg has apparently capitulated to an Environmental Protection Agency scare campaign.
The issue: PCBs -- three little letters that are about to sock New York schools with another $700 million funding drain.
The supposedly toxic chemicals are found in old light fixtures in classrooms all over. The feds want them replaced -- no matter the cost.
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