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Who's who of the insider trading bust
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US to spend $413bn more on Afghan war as Obama extends to 2014
A decision by US President Barack Obama to extend the presence of American troops in Afghanistan beyond 2014 is likely to increase the remaining cost of the unpopular war to USD 413 billion.
http://presstv.ir/detail/151939.html
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The truth about war from Dr. Ron Paul...
- "What if Americans learned the truth..."
- Please watch and pass it on.
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Shut Down the Fed (Part II) - Ambrose Evans-Pritchard
I apologise to readers around the world for having defended the emergency stimulus policies of the US Federal Reserve, and for arguing like an imbecile naif that the Fed would not succumb to drug addiction, political abuse, and mad intoxicated debauchery, once it began taking its first shots of quantitative easing.
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100007777/shut-down-the-fed-part-ii/
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Hedge Funds Raided in Probe
FBI Agents Seize Documents in 3 Cities as Insider-Trading Investigation Widens
In coordinated raids in New York, Connecticut and Massachusetts, Federal Bureau of Investigation agents seized documents at the offices of Level Global Investors LP, Diamondback Capital Management LLC and Loch Capital Management LLC.
"The FBI is executing court-authorized search warrants in an ongoing investigation," said Richard Kolko, an FBI spokesman, who declined to comment further. Diamondback and Level Global confirmed the raids and said they were cooperating with the investigation. A lawyer for Loch Capital, Leonard Pierce, declined to comment.
http://online.wsj.com/article/SB10001424052748704243904575630693960704872.html?mod=djemalertNEWS
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FBI Visit Exposes Insider Trading Tactics
The Federal Bureau of Investigation's attempt to pressure an independent analyst to record his calls with a client offers a window into how the government is trying to build what could become one of the most far-reaching insider-trading cases ever.
John Kinnucan says he was sipping wine on his front porch in Portland, Ore., on Oct. 25 when a gray sedan pulled up and two men in business suits jumped out, identifying themselves as FBI agents.
The two men accused Mr. Kinnucan, 53 years old, of passing inside information to his hedge-fund and mutual-fund clients, he says. He says they threatened to arrest him and asked him to cooperate with their investigation by tape-recording his calls with a client. Mr. Kinnucan declined the offer, and later that night he sent out a blast email to his clients detailing the visit.
http://online.wsj.com/article/SB10001424052748703567304575629061523575940.html?mod=mktw
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Top banks face $100 billion Basel shortfall
LONDON (Reuters) - The new Basel III banking rules will leave the biggest U.S. banks short of between $100 billion and $150 billion in equity capital, with 90 per cent of the shortfall concentrated in the top six banks, the Financial Times said, citing research from Barclays Capital.
http://finance.yahoo.com/news/Top-banks-face-100-billion-rb-861408851.html
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Scandal Bruises a Star Investor
Joseph F. "Chip" Skowron III was in a hurry to try his hand in finance, such a hurry that he quit a prestigious Harvard University orthopedic-surgery residency to begin a career trading health-care stocks.
Dr. Skowron's decision in 2001 disappointed a Harvard adviser who tried to persuade him to finish his medical training, but it paid off handsomely. That same year, Dr. Skowron became a health-care analyst for the hedge fund SAC Capital Advisors LP before quickly moving on to another well-known hedge fund, Millennium Partners LLC. By 2003, he had joined FrontPoint Partners LLC, a hedge fund where he soon would co-manage more than $1 billion in health-care investments.
http://online.wsj.com/article/SB10001424052748703531504575625101727862996.html?mod=WSJ_newsreel_business
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Avoid These 68 Airports If You Don't Want An X-Ray Body Scan
http://www.businessinsider.com/what-airports-have-scanners-2010-11#ixzz164Cy5vDI
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TSA abuse and strip-search 3 year-old boy...
Text below from the youtube page...
Lets get the facts straight first. Before the video started the boy went through a metal detector and didn't set it off but was selected for a pat down. The boy was shy so the TSA couldn't complete the full pat on the young boy. The father tried several times to just hold the boys arms out for the TSA agent but i guess it didn't end up being enough for the guy. I was about 30 ft away so i couldn't hear their conversation if there was any. The enraged father pulled his son shirt off and gave it to the TSA agent to search, thats when this video begins.
******* THIS VIDEO OCCURRED AT SALT LAKE CITY INTERNATIONAL AIRPORT ON NOVEMBER 19TH AT AROUND THE TIME OF 12:00 PM **********
***Insertion of what happened after the video (full story)****
After I finished videotaping the incident I went through the check point myself. I collected my things and went over to talk to the father and son. Before I could get to them a man in a black suit who had been talking with the other TSA officials approached me. He asked to speak to me and I obliged, wondering what was to come. He then proceeded to interrogate me about why I was videotaping the "procedures of the TSA". I told him that I had never seen such practices before on a young child and decided to record it. The man being frustrated at this point demanded to know my plans with the video, of which I didn't respond. Repeatedly he asked me to delete the video, hoping his mere presence could intimidate me to obey, but I refused. By this point it became obvious that he felt TSA had done something wrong and that I caught it on tape. After the interview, I left for my gate. I called my brother who told me I should put the tape on YouTube because this had been a recent hot topic in the news.
My gate was a long way off, but about 15 minutes after arriving 2 TSA agents came and sat 15 feet or so away from me. I stood up and moved so that they were in front of me and then took a picture. A 3rd and then a 4th agent came and sat down with the others. They would occasionally glance at me and talk on their walkie-talkies. I don't know why they were there or if it was a huge coincidence but they stayed for 30-45 minutes and left just before I boarded the plan. Interesting to say the least, intimidating? Maybe a little...
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Post the links you're reading in comments. Does anyone out there still support the Afghanistan War besides the Washington-captured politicians doing the business of the military-industrial complex. Tell me what you think in comments below.