Poll: Americans don't buy the propaganda about the supposed economic rebound

Americans in Poll Doubt Economy Rebound in Defiance of Forecasts

Americans are losing faith in the nation’s economic recovery even as forecasters expect growth to accelerate, according to a Bloomberg National Poll. Fewer people anticipate improvement in the economy’s strength over the next year than in the last survey in June, with 27 percent saying the expansion will be more robust, down from 39 percent who expected improvement three months earlier.

Forty-four percent of poll respondents say they expect the economy, which has expanded for nine consecutive quarters, to remain about the same, while 28 percent see it weakening.
“We’re still in a recession; I don’t know why they say it’s over,” says Chris Sams, 28, a disabled Navy veteran from Daingerfield, Texas. “It may be over in Washington, D.C., where the per capita income is higher than anywhere else, but down here the minimum wage is the highest wage.”

The results of the Sept. 20-23 poll reflect public impatience with an economy that has grown at an average rate of 2.1 percent since the recession’s June 2009 end, a full percentage point below the 50-year average, according to data compiled by Bloomberg. Growth will slip to 1.60 percent this year, according to the median forecast in a Bloomberg survey of economists, before rebounding to 2.65 percent growth next year. Read more >>

US pork giant Smithfield now officially owned by a Chinese meat processor

Smithfield Foods shareholders overwhelmingly approved on Tuesday the $4.7 billion purchase of the pork giant by a Chinese meat processor, clearing the last remaining major hurdle to close the deal.

More than 96% of the votes, representing 76% of shares outstanding, were cast in favor of the purchase by Shuanghui International. Smithfield announced in May it would be acquired by Shuanghui for $34 a share, the largest takeover of a U.S. company by a Chinese firm.

Washington lawmakers have expressed concerns that the purchase of Smithfield by a Chinese company could squeeze U.S. pork supply as more of the meat goes overseas while leaving the U.S. susceptible to food safety concerns that have plagued Chinese companies, including Shuanghui. They also have worried that the acquisition would lead to additional takeovers of U.S. food companies by Chinese firms. Read more >>

Homeland Security to test BOSS facial recognition

The U.S. Department of Homeland Security will test its crowd-scanning facial recognition system, known as the Biometric Optical Surveillance System, or BOSS, at a junior hockey game this weekend, according to the Russian news agency RT.

With assistance from the Pacific Northwest National Laboratory, DHS will test its system at a Western Hockey League game in Washington state. The test will determine whether the system can distinguish the faces of 20 volunteers out of a crowd of nearly 6,000 hockey fans, to evaluate how successfully BOSS can locate a person of interest.

According to DHS, BOSS technology consists of two cameras capable of taking stereoscopic images of a face and a back end remote matching system. Stereoscopic images are two images of the same object, taken at slightly different angles that create an illusion of three-dimensional depth from two-dimensional images.

The cameras transfer the pair of images to the remote matching system by way of fiber optic or wireless technology. The system then processes and stores the two images into a 3-D signature, which is the mathematical representation of the stereo-pair images that the system uses for matching. Read more >>

Franchise owners come to Washington to plead for ObamaCare relief

Franchise restaurant owners have come to Washington seeking a change to ObamaCare that they say could prevent them from having to cut their employees’ hours. The healthcare law requires large employers to provide insurance to employees who work at least 30 hours per week.

Franchise owners say the employer mandate threatens to erase their narrow profit margins and are telling lawmakers they need to overhaul the law before it’s too late.

“Employees won’t have the hours they need, and they won’t get employer-sponsored healthcare, either,” said Steve Caldeira, president and CEO of the International Franchise Association (IFA).

“[Franchisees] are dealing with high commodity costs, high energy prices, higher taxes from the ‘fiscal-cliff’ deal, and now they are trying to work through ObamaCare,” he said.

More than 300 members of the franchise association are making the rounds on Capitol Hill to lobby for the ObamaCare changes. Monday’s visitors included IFA members from Mr. Rooter, McDonald’s and Dunkin Donuts. Read more >>

Alaska could be the next state to legalize marijuana

Supporters of marijuana legalization are hoping that Alaska will follow the example set by Colorado and Washington state.

Timothy Hinterberger told the Anchorage Daily News that his ballot initiative to legalize the recreational use of marijuana in Alaska is about halfway there. Hinterberger, who sponsored the ballot initiative, and his supporters need to gather about 30,000 valid signatures by December 1 to qualify for next year’s primary ballot.

“In a free society, prohibition of popular substances is just bad public policy,” Hinterberger said. If approved by voters, the measure would allow those 21 and older to use and possess up to 1 ounce of marijuana for recreational use. Medical marijuana has been legal in the state since 1998.

The ballot measure is similar to two successful initiatives in Colorado and Washington state. Residents of both states voted to legalize marijuana in 2012. Read more >>

Flashback January: US 'backed plan to launch chemical weapon attack on Syria, blame it on Assad govt': Report

By ANI | ANI – Wed 30 Jan, 2013 via Yahoo News

London, Jan 30 (ANI): The Obama administration gave green signal to a chemical weapons attack plan in Syria that could be blamed on President Bashar al Assad's regime and in turn, spur international military action in the devastated country, leaked documents have shown.

A new report, that contains an email exchange between two senior officials at British-based contractor Britam Defence, showed a scheme 'approved by Washington'.

As per the scheme 'Qatar would fund rebel forces in Syria to use chemical weapons,' the Daily Mail reports.

Barack Obama made it clear to Syrian president Bashar al-Assad last month that the U.S. would not tolerate Syria using chemical weapons against its own people.

According to Infowars.com, the December 25 email was sent from Britam's Business Development Director David Goulding to company founder Philip Doughty.

The emails were released by a Malaysian hacker who also obtained senior executives resumes and copies of passports via an unprotected company server, according to Cyber War News. According to the paper, the U.S. State Department has declined to comment on the matter. (ANI)

Iran army warns US of 'harsh consequences' over Syria

Syria (Photo credit: ewixx)

A top Iranian military chief warned on Sunday that the US will face "harsh consequences" if it intervenes in ally Syria over claims of chemical attacks, Fars news agency reported.

"If the United States crosses this red line, there will be harsh consequences for the White House," armed forces deputy chief of staff Massoud Jazayeri was quoted as saying.

A year ago US President Barack Obama warned the use of chemical weapons in Syria would cross a "red line" and have "enormous consequences".

But the Iranian military leader warned Washington, its Western allies and Israel against playing with "fire".

"The terrorist war under way in Syria was planned by the United States and reactionary countries in the region against the resistance front (against Israel)," Fars quoted Jazayeri as saying.

"Despite this, the government and people of Syria have achieved huge successes.

"Those who add fire to the oil will not escape the vengeance of the people," added Jazayeri. Read more >>

Elizabeth Warren Reads Riot Act to Holder for Not Prosecuting Big Bank Mortgage Fraud

Okay, so Senator Warren actually wrote a polite, detailed letter to Attorney General Holder. There was no shouting or acrimony.

However, in Washington, for a freshman senator to imply in official correspondence made public that the Department of Justice is not doing its job in investigating, prosecuting and even fining banks and secondary lenders in regards to multiple counts of mortgage lending violations is akin to a freshman at high school accusing the principal of letting teachers steal milk money from the desks of students.

It may be professional in tone, but Warren's letter is a direct challenge to the criminal impunity provided to and limited fines assessed by the DOJ on Wall Street for their multiple schemes to defraud both mortgage borrowers and investors.

The Huffington Post featured the letter, which bluntly states:

I am concerned that this might be yet another example of the federal government's timid enforcement strategy against the nation's largest financial institutions. I believe that if DOJ and our banking regulatory agencies prove unwilling over time to take the big banks to trial or even require admission of guilt when they cheat consumers and break the law -- either out of timidity or because of a lack of resources -- then the agencies lose enormous leverage in settlement negotiations.

There are a number of federal agencies involved in the lax regulation and minimal punishment (no jail time) of the financial industry for its role, particularly in the creation of a toxic subprime mortgage scam, in the economic collapse that burst open in the autumn of 2007. Read more >>

Other Agencies Clamor for N.S.A. Data

The National Security Agency’s dominant role as the nation’s spy warehouse has spurred frequent tensions and turf fights with other federal intelligence agencies that want to use its surveillance tools for their own investigations, officials say.

Agencies working to curb drug trafficking, cyberattacks, money laundering, counterfeiting and even copyright infringement complain that their attempts to exploit the security agency’s vast resources have often been turned down because their own investigations are not considered a high enough priority, current and former government officials say.

Intelligence officials say they have been careful to limit the use of the security agency’s troves of data and eavesdropping spyware for fear they could be misused in ways that violate Americans’ privacy rights.

The recent disclosures of agency activities by its former contractor Edward J. Snowden have led to widespread criticism that its surveillance operations go too far and have prompted lawmakers in Washington to talk of reining them in. But out of public view, the intelligence community has been agitated in recent years for the opposite reason: frustrated officials outside the security agency say the spy tools are not used widely enough. Read more >>

Detroit’s Bankruptcy Reveals Dysfunction Common in Cities

No city was hit as hard by the recession as Detroit, America’s one-time industrial capital whose decades-long decline cut its population in half and left $18 billion in debt it can’t afford to pay.
Even so, the pressures that pushed Detroit into the largest municipal bankruptcy in U.S. history are playing out on a smaller scale around the nation. Diminished tax revenue and rising labor costs have left four cities insolvent since 2007. Service cuts were made by others such as Detroit, where street lights are dark and police are scarce.

“None of the other cities are as far along, but there are dozens, if not hundreds of cities that have similar issues,” said Alan Mallach, a senior fellow at the Brookings Institution, a public-policy research organization in Washington. “Every other industrial city has problems that could send them down the same path.”

U.S. municipalities have recovered slowly from the 18-month recession that ended four years ago, depressing property-tax revenue and leading to investment losses for pensions that many cities haven’t fully funded for years. Projected pension and health-care obligations for the 61 biggest cities will top assets by about $217 billion, according to a study by the Pew Charitable Trusts, a Philadelphia-based research and public-policy group. Read more >>

Walmart Threatens To Pull Out Of D.C. Over Minimum Wage

On Tuesday afternoon, Walmart officials, lobbyists, and an upper executive paid a visit to the Washington D.C. Council. What could bring out the muscle of the world's largest retailer? The prospect of a raised minimum wage.

As The Washington Post reports, D.C. Council members are voting Wednesday on a bill that would demand mega-retailers pay their employees at least $12.50 an hour, with Walmart the clear target.

Walmart, which pays its hourly associates an average of $8.84 an hour, according to Glassdoor, threatened to stop at least three of the six planned Walmart stores from opening in the city if the bill succeeded, forcing the council to decide: Are no new Walmart jobs better than poorly paid ones?

In a Post op-ed published Tuesday, Walmart regional general manager Alex Barron called the bill "an eleventh-hour effort" that is "arbitrary and discriminatory" and "discourages investment in Washington."

Update, 07/10/13, 5.50 p.m. EDT: The city council passed the bill by a vote of 8 to 5. It is now headed to the desk of the mayor, who has indicated that he may veto it.

The ultimatum was "immensely discouraging," Mayor Vincent C. Gray told the Post, since six new stores -- three of them already under construction -- that Walmart is planning would employ 1,800 people, bringing needed jobs, cash, affordable retail, and fresh produce to the capital's poorer neighborhoods. Barron said even the three stores underway could be scrapped if the bill becomes law, pending a review of "financial and legal implications." Read more >>

Meet The Man In Charge Of America's Secret Cyber Army

Keith Alexander, director of the NSA. (Photo credit: Wikipedia)

With his revelations exposing the extent of potential, and actual, pervasive NSA surveillance over the American population, Edward Snowden has done a great service for the public by finally forcing it to answer the question: is having Big Brother peek at every private communication and electronic information, a fair exchange for the alleged benefit of the state's security. Alas, without further action form a population that appears largely numb and apathetic to disclosures that until recently would have sparked mass protests and toppled presidents, the best we can hope for within a political regime that has hijacked the democratic process, is some intense introspection as to what the concept of "America" truly means.

However, and more importantly, what Snowden's revelations have confirmed, is that behind the scenes, America is now actively engaged in a new kind of war: an unprecedented cyber war, where collecting, deciphering, intercepting, and abusing information is the only thing that matters and leads to unprecedented power, and where enemies both foreign and domestic may be targeted without due process based on a lowly analyst's "whim."

It has also put spotlight on the man, who until recently deep in the shadows, has been responsible for building America's secret, absolutely massive cyber army, and which according to a just released Wired profile is "capable of launching devastating cyberattacks. Now it's ready to unleash hell."

Meet General Keith Alexander, "a man few even in Washington would likely recognize", which is troubling because Alexander is now quite possibly the most powerful person in the world, that nobody talks about. Which is just the way he likes it. Read more >>

Monsanto Says Rogue Wheat in Oregon May Be Sabotage

Rather amusing considering Monsanto has sued hundreds of small farmers for unwittingly harvesting GMO crops they never intentionally planted. 

Monsanto the world’s largest seed company, said experimental wheat engineered to survive Roundup weedkiller may have gotten into an Oregon field through an “accidental or purposeful” act.

Monsanto and the U.S. Department of Agriculture are investigating how genetically modified wheat that hasn’t been approved for commercial planting was found growing on an Oregon farm eight years after nationwide field tests ended.

Monsanto’s genetic analyses found the variety hasn’t contaminated the types of seed planted on the Oregon farm or the wheat seed typically grown in Oregon and Washington state, Chief Technology Officer Robb Fraley said today on a call with reporters.

The unapproved wheat was found growing on less than 1 percent of the farmer’s 125-acre (51-hectare) field, Fraley said.

“It seems likely to be a random, isolated occurrence more consistent with the accidental or purposeful mixing of a small amount of seed during the planting, harvesting or during the fallow cycle in an individual field,” Fraley said on the call.

Asked whether the St. Louis-based company is suggesting the incident could be an act of sabotage, Fraley said, “That is certainly one of the options we are looking at.”

Fraley said he doesn’t mean to suggest the farmer who made the discovery is responsible. Read more >>

For the unemployed, no reprieve on budget cuts

Starting this week, many in California collecting federal unemployment benefits will get about 17.7% less than they got last week, thanks to Washington's across-the-board budget cuts. Those cuts -- the so-called sequester -- require that states pay out less on federal extensions of benefits, and the reduction is retroactive to March 1, when the sequester went into effect.

Federally extended benefits, which may last for up to 47 weeks, kick in after a jobless worker has exhausted state unemployment benefits, which last up to 26 weeks.
Nationwide, the cuts will affect an estimated 3.8 million people through Sept. 30, the end of the fiscal year.

Just how much a recipient's benefits will be cut depends on how quickly a state implements the change. "In the best case scenario, where the states implemented the cuts right away, the average worker will receive about $31 less each week (10.7% less) in benefits from her $294 weekly check," said Judith Conti, the federal advocacy coordinator for the National Employment Law Project, in recent testimony before a House Ways and Means subcommittee. Read more >>

JPMorgan Chase Faces Full-Court Press of Federal Investigations

As the nation’s strongest bank, JPMorgan Chase used to be known for carrying special sway with regulators. Now it increasingly finds itself in the cross hairs of federal authorities.

At least two board members are worried about the mounting problems, and some top executives fear that the bank’s relationships in Washington have frayed as JPMorgan becomes a focus of federal investigations.

In a previously undisclosed case, prosecutors are examining whether JPMorgan failed to fully alert authorities to suspicions about Bernard L. Madoff, according to several people with direct knowledge of the matter. And nearly a year after reporting a multibillion-dollar trading loss, JPMorgan is facing a criminal inquiry over whether it lied to investors and regulators about the risky wagers, a case that could accelerate when the Federal Bureau of Investigation and other authorities interview top JPMorgan executives in coming weeks.

All told, at least eight federal agencies are investigating the bank, including the Federal Deposit Insurance Corporation, the Commodity Futures Trading Commission and the Securities and Exchange Commission. Federal prosecutors and the F.B.I. in New York are also examining potential wrongdoing at JPMorgan. Read more >>

Internet freedom showdown looming: US

A number of countries are aggressively trying to control the Internet, a top US diplomat cautioned Thursday, insisting Washington would give no ground when it comes to curbing freedoms on the Web.

"Many Middle Eastern countries, Russia, China and others are I believe going to take an increasingly aggressive stand to try to control the Internet," Alec Ross, the State Department's outgoing senior adviser on innovation, told reporters in Geneva.

The fact that many countries appeared to be investing heavily, "billions and billions of dollars", in next generation surveillance technologies was an indication of their intentions to clamp down on Internet freedoms, Ross warned.

The clamp-down was coming amid a clear shift of power all over the world from governments and other state hierarchies towards citizens and networks of citizens, he said during his last press conference before leaving his government position. Read more >>

New Cars Out of Reach for Many Americans

United States median household income percentage change from 1999 to 2005 by state. (Photo credit: Wikipedia)

Looking to buy a new car, truck or crossover? You may find it more difficult to stretch the household budget than you expected, according to a new study that finds median-income families in only one major U.S. city actually can afford the typical new vehicle.

The typical new vehicle is now more expensive than ever, averaging $30,500 in 2012, according to TrueCar.com data, and heading up again as makers curb the incentives that helped make their products more affordable during the recession when they were desperate for sales.

According to the 2013 Car Affordability Study by Interest.com, only in Washington could the typical household swing the payments, the median income there running $86,680 a year. At the other extreme, Tampa, Fla., was at the bottom of the 25 large cities included in the study, with a median household income of $43,832.

The study looked at a variety of household expenses, such as food and housing, and when it comes to purchasing a new vehicle, it considered more than just the basic purchase price, down payment and monthly note, factoring in such essentials as taxes and insurance. Read more >>

The hidden tax Washington doesn't want you to know

Okay, middle-class taxpayers: Listen up. Our national government in Washington is screwing you again. This time the screwing involves the way that two new income tax surcharges, supposedly designed to affect only the "rich," will reach deeper and deeper into the middle class unless something is done now to rein them in.

I'm talking about the 0.9% tax surcharge on the amount by which individuals' "earned income" -- such as salaries and fees -- exceeds $200,000 this year, and the 3.8% surcharge on some or all the investment income of single households with an adjusted gross income of more than $200,000, and married households with an adjusted gross of $250,000 and up.

These surcharges were built into the Affordable Care Act (a.k.a. Obamacare). The screwing isn't the tax surcharges themselves -- it's the fact that the thresholds for them aren't indexed for inflation. This means that unless something is done, more and more people will be subject to these taxes as inflation boosts incomes.
Read more >>

U.S. Supreme Court Justices Signal Support for Monsanto on Patents

U.S. Supreme Court justices signaled support for Monsanto Co. in a clash with a farmer who used harvested soybeans to plant a new crop of beans, hinting at a victory for makers of vaccines, software and genetically modified products.

Hearing arguments today in Washington, a majority of the nine justices suggested that Monsanto has broad rights to control the use of seeds that contain its patented technology. The genetically modified seeds are used to grow more than 90 percent of the nation’s soybeans.

“Why in the world would anybody spend any money to try to improve the seed if as soon as they sold the first one anybody could grow more and have as many of those seeds as they want?” Chief Justice John Roberts said.

He and other justices signaled that they view seeds harvested from patented crops as new products with fresh patent protections. A victory for Monsanto would potentially let patent holders restrict use of self-replicating products beyond the first generation, benefiting producers of live vaccines, genetically modified salmon, and bacteria strains used in medical research. Read more >>

Americans feel austerity's bite as payroll taxes rise

Americans are beginning to feel the pinch from Washington's decision to embrace austerity measures aimed at bringing down the nation's budget deficit.

Paychecks across the country have shrunk over the last week due to higher federal tax rates, and workers are already cutting back on spending, which will drag on the economy this year.
In Warren, Rhode Island, Ben DeCastro got his first paycheck on Friday in which taxes on his wages rose by 2 percentage points. That works out to about $30 a week.

"You sit back and do the calculation, and that's $30 I'm not going to spend at a restaurant," said DeCastro.

He said he worries that people hit by higher taxes will spend less at the chain of furniture stores where he works as a marketing manager.

Politicians in Washington made much hubbub last week about a bipartisan deal to soften or postpone some $600 billion in scheduled tax hikes and government spending cuts. President Barack Obama said the deal would shield 98 percent of Americans from a middle-class tax hike.

Nevertheless, for most workers, rich and poor alike, taxes went up on December 31 as a temporary payroll tax cut expired. That cut - a 2 percentage point reduction in a levy that funds Social Security - was put in place two years ago to help the economy, which was still smarting from the 2007-09 recession. Read more >>