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David Corking

Media Release - NCUA Conserves U.S. Central and Western Corporate Credit Unions March... - 0 views

  • The central short-term objective of NCUA’s Corporate Stabilization Program has been to increase liquidity in corporate credit unions. Since the NCUA Board first began taking stabilization actions, liquidity has demonstrated marked improvement. The reliance on external borrowing has declined from $11.8 billion to $2.1 billion. NCUA believes that the actions to conserve the two corporates, in tandem with established plans to enhance liquidity and generally stabilize the corporate network, represent the most cost effective and prudent alternative available to the credit union industry.
    • David Corking
       
      Everyone seems to agree that the issue with the CU system is liquidity (being able to turn loans or bonds into cash). This is smaller, and much more easy to fix, than solvency problems that have damaged much of the rest of the financial system. (Solvency is having more assets - such as loans and bonds - than liabilities - such as customer deposits.)
alex thorn

CIA - The World Factbook -- Rank Order - Current account balance - 0 views

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    The account balances of all countries on earth as of 2007
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    Check out what nation has the LOWEST account balance. Not surprising.
Levy Rivers

Gov. Tim Kaine of Virginia Is Named Democratic National Committee Chairman - NYTimes.com - 0 views

  • Mr. Kaine will succeed Howard Dean as the party chairman when the party elects officers at its meeting here this month. By tradition, the committee defers to the choice of a sitting president.
Skeptical Debunker

New health plan puts families 'in control' - UPI.com - 0 views

  • Obama's proposal, posted on WhiteHouse.gov four days before a bipartisan meeting with congressional leaders, "puts American families and small-business owners in control of their own healthcare," the White House's explanation said. Among other things, the White House said the proposal would set up a new competitive health insurance market to give millions Americans the same insurance choices congressional members will have. Also, the White House said, the plan would bring greater accountability to the healthcare system by providing "common sense rules of the road" to keep premium costs down, prevent insurance industry abuses and denial of care and end denial of coverage for people with pre-existing conditions. It also includes middle-class tax cuts for healthcare, which the White House said would reduce premium costs for tens of millions of families and small-business owners. The tax breaks would provide affordable health coverage to about 31 million Americans who do not get it today, the explanation said. The White House said the plan would reduce the deficit by $100 billion over the next 10 year by cutting government overspending and reining in waste, fraud and abuse.
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    President Barack Obama Monday revealed his new U.S. healthcare reform proposal -- a blend of House and Senate plans along with his own recommendations.
Skeptical Debunker

Joe Stack: How to Really Tick Off the IRS - CBS MoneyWatch.com - 0 views

  • However, tax experts say that if you want to really annoy the IRS, you could do one of three things: Fail to file a return completely; loudly maintain that the tax code doesn’t apply to you; or cheat on employment tax filings for your workers. Stack appears to have done all three. And if the tone of his letter is any indication, he not only hit all of these IRS hot buttons, he hit them with a belligerent attitude that could have further exacerbated his tax woes. “The IRS is toughest on people who reject the whole concept and authority of the system, who are not accepting that we do have income tax laws that we are all subject to,” said Philip J. Holthouse, partner at the Santa Monica tax law and accounting firm of Holthouse, Carlin & Van Trigt. “If the anger expressed in this posting is consistent with how he interacted with the government representatives, it would not have enhanced their compassion.” Stack’s note refers to meeting with “a group” in the early 1980s who were holding “tax readings and discussions” that zeroed in on tax exemptions that make “the vulgar, corrupt Catholic Church so incredibly wealthy.” He said in the post that he then began to do “exactly what the ‘big boys’ were doing.” “We took a great deal of care to make it all visible, following all of the rules, exactly the way the law said it was to be done.” Since Stack wasn’t a church, this is like waving a red flag at a bull. The IRS apparently considered this foray into tax avoidance the real corruption. Stacks letter says: “That little lesson in patriotism cost me $40,000.” Incidentally, the notion that anyone (other than a legitimate charity) doesn’t need to pay income taxes is one that’s well familiar–and refuted–by not only the IRS but every legitimate tax preparer in the country. So-called tax protestors or “tax defiers” take bits and pieces of the law, string them together in incomprehensible ways to come up with arguments that they say exempt them from tax. They can sound convincing, so the IRS publishes a long list of “frivolous” tax arguments on its web site, explaining when and where each argument was refuted, in an effort to keep innocent taxpayers from drinking the tax protest KoolAid. But that wasn’t all. Stack also says in his letter that he drained a retirement account and didn’t pay tax on any of that money–didn’t even file a return. The penalties for not filing a tax return are roughly ten times worse than for not paying your taxes. That’s one of the reasons that accountants tell their clients to file returns, even when they don’t have the money to pay, said Holthouse. Finally, Stack rails about independent contractor rules. Experts said the only way this rant could make sense is if Stack started a company that employed other people, who he maintained were independent contractors rather than employees. If an employer maintains he’s hired only independent contractors, he doesn’t need to pay Social Security and Medicare taxes on their wages. But the IRS audits these claims carefully. When an employee is improperly classified as an independent contractor so that the employer can avoid these taxes, the IRS prosecutes aggressively because it considers it tantamount to stealing from workers Social Security and Medicare accounts. Notably, the IRS has a Taxpayer Advocate’s office that helps resolve disputes when taxpayers have a legitimate problem with the agency. People who can’t pay tax bills promptly; have a dispute over the validity of a deduction or think they’ve been improperly penalized are often given some slack. But these are not areas where you’re going to get a lot of sympathy.
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    The rambling note posted by suicide flyer Joe Stack before he crashed a plane into an Austin IRS office indicates that he may have hit every hot button tax authorities have, putting him into a "no mercy" category that's reserved for a relative handful of Americans.\n\nThe IRS won't talk about Stack, simply saying in a prepared statement that it is working with law enforcement to thoroughly investigate the events that lead up to the crash. Otherwise, the agency says it's top priority is ensuring the safety of its employees.
Skeptical Debunker

Suspend airport body scanner program, privacy groups say - 0 views

  • Based on the discussions at the event, it is evident that body scanners can be easily defeated by concealing explosive materials in body cavities, the letter says. There is also little information on the health risks posed by the use of such scanners, according to the letter. The fact that the systems can be configured at any time to record and store images of travelers also raises privacy questions, the letter says. "The public does not currently understand the inability of these devices to detect the types of explosive materials that could be used or the possible risks to privacy and health," Rotenberg and Nader wrote. "The Department of Homeland Security has made significant mistakes with similar programs in the past," they added, citing as an example the agency's discontinued effort to equip airports with so-called explosive trace portals (ETP), which are designed to detect traces of explosives on travelers' clothing.
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    "The Electronic Privacy Information Center and consumer advocate Ralph Nader are urging President Obama to review the administration's plans to install whole body scanners at U.S. airports. In a joint letter, Marc Rotenberg, the president of EPIC, and Nader asked the president to suspend deployment of the devices until a "comprehensive evaluation" of the effectiveness of the technology and potential health hazards, is completed."
Skeptical Debunker

The Comprehensive National Cybersecurity Initiative | The White House - 0 views

  • The CNCI consists of a number of mutually reinforcing initiatives with the following major goals designed to help secure the United States in cyberspace: To establish a front line of defense against today’s immediate threats by creating or enhancing shared situational awareness of network vulnerabilities, threats, and events within the Federal Government—and ultimately with state, local, and tribal governments and private sector partners—and the ability to act quickly to reduce our current vulnerabilities and prevent intrusions. To defend against the full spectrum of threats by enhancing U.S. counterintelligence capabilities and increasing the security of the supply chain for key information technologies. To strengthen the future cybersecurity environment by expanding cyber education; coordinating and redirecting research and development efforts across the Federal Government; and working to define and develop strategies to deter hostile or malicious activity in cyberspace.
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    President Obama has identified cybersecurity as one of the most serious economic and national security challenges we face as a nation, but one that we as a government or as a country are not adequately prepared to counter. Shortly after taking office, the President therefore ordered a thorough review of federal efforts to defend the U.S. information and communications infrastructure and the development of a comprehensive approach to securing America's digital infrastructure. In May 2009, the President accepted the recommendations of the resulting Cyberspace Policy Review, including the selection of an Executive Branch Cybersecurity Coordinator who will have regular access to the President. The Executive Branch was also directed to work closely with all key players in U.S. cybersecurity, including state and local governments and the private sector, to ensure an organized and unified response to future cyber incidents; strengthen public/private partnerships to find technology solutions that ensure U.S. security and prosperity; invest in the cutting-edge research and development necessary for the innovation and discovery to meet the digital challenges of our time; and begin a campaign to promote cybersecurity awareness and digital literacy from our boardrooms to our classrooms and begin to build the digital workforce of the 21st century. Finally, the President directed that these activities be conducted in a way that is consistent with ensuring the privacy rights and civil liberties guaranteed in the Constitution and cherished by all Americans.
David Corking

HomeBuy Direct - Housing - Communities and Local Government - 0 views

  • they will be invited to choose one of the HomeBuy Direct properties brought forward by the developers.
    • David Corking
       
      Why do the developers get to choose? Why can't all new homes below x value be eligible, as in Northern Ireland?
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    Apparently Darling gave this scheme an extra 80 million pounds in today's budget.
thinkahol *

FBI - USAMA BIN LADEN - 0 views

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    not wanted in connection with 9/11
thinkahol *

Fraudulent Defense Contractors Paid $1 Trillion - Newsroom: Bernie Sanders - U.S. Senat... - 0 views

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    Fraudulent Defense Contractors Paid $1 Trillion
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