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Paul Merrell

Soviet nuclear submarine carrying nuclear weapons sank north of Bermuda - 0 views

nsarchive.gwu.edu/...submarine-sinks-off-U.S.-coast

environment war & peace loose-nukes

shared by Paul Merrell on 08 Oct 16 - No Cached
  • Top Secret Minutes of Politburo discussion show Soviets learned the lessons of Chernobyl Open U.S.-Soviet communication regarding the accident on the eve of the Reykjavik summit of Reagan and Gorbachev
  • Thirty years ago, a Soviet nuclear submarine with about 30 nuclear warheads on board sank off U.S. shores north of Bermuda as Mikhail Gorbachev and Ronald Reagan were preparing for their historic summit in Reykjavik, Iceland.  But instead of Chernobyl-style denials, the Soviet government reached out to the Americans, issued a public statement, and even received offers of help from Washington, according to the never-before-published transcript of that day’s Politburo session, posted today by the National Security Archive. The submarine, designated K-219, suffered an explosion in one of its missile tubes due to the leakage of missile fuel into the tube on October 3.  The 667-A project Yankee-class boat was armed with 16 torpedoes and 16 ballistic missiles. After the initial explosion, the crew members heroically put out fire and were forced to shut down the nuclear reactors manually because the command-and-control equipment had been damaged.  Three crew members died in the blast and fire. Senior Seaman Sergey Preminin stayed in the reactor compartment to shut down reactors, and could not be evacuated.  The rest escaped safely. Initially, it seemed the submarine could be salvaged; it was attached to the Soviet commercial ship Krasnogvardeisk for towing.  However, the tow cord broke for unknown reasons and the submarine sank.  Submarine Commander Captain Second rank Igor Britanov stayed with the sub until its final moments.  He initially came under investigation at home but all charges were removed in 1987.  According to statements by U.S. Vice Admiral Powell Carter, the submarine did not present a danger of nuclear explosion or radioactive contamination, as was reported by the New York Times.[1]
  • The Politburo also heard a report from Deputy Defense Minister Chief of Navy Admiral Vladimir Chernavin.  Other members present express concerns about a possible U.S. effort to salvage parts of the submarine and gain access to design information.  But Chernavin assures them that the boat design is outdated and therefore is not of any interest to the Americans.  Another major concern raised is the possibility of a nuclear explosion or radioactive contamination due to water pressure at extreme depths.  Chernavin cites Soviet Navy commission experts who ruled out the possibility of a nuclear detonation and concluded that contamination would happen over a long period and would not reach the surface.
  • Paul Merrell on 08 Oct 16
     
    Oh, great. 30 nuclear warheads slowly leaking radiation off the U.S. East Coast. But not to worry, dilution is the pollution solution! Except that plutonium has no no-effect level, has a half-life in the billions of years, and this simply adds to the radioactive pollution contributed by nuclear weapons testing, various nuclear reactor "accidents," and direct river pollution by weapons manufacturing factories. Now add to that the incredible levels of halogenated hydrocarbon pollution we've pumped into our oceans that have additive and sometimes synergistic effects with radioactive pollution. What happens when you use the planet's oceans as toxic waste dumps? Hint: there's a reason that whales try to beach themselves.
Paul Merrell

Britain's Trident nuclear program at stake in Scottish independence vote - The Washingt... - 0 views

www.washingtonpost.com/...b-9ae8-064533b143b0_story.html

war & peace nuclear-arms Scottish-independence

shared by Paul Merrell on 26 Aug 14 - No Cached
  • For decades, Britain’s contribution to the threat of global Armageddon has found a home on the tranquil shores of Gare Loch, where soaring green mountains plunge into murky gray waters plied by sporty kayakers, weekend yachtsmen — and nuclear-armed submarines.
  • But if Scotland votes “yes” in an independence referendum next month, the submarines could ­become nuclear-armed nomads, without a port to call home. Washington’s closest and most important ally could, in turn, be left without the ultimate deterrent, even as Europe’s borders are being rattled anew by a resurgent Russia. Former NATO secretary general George Robertson, a Scotsman, said in a speech in Washington earlier this year that a vote for independence would be “cataclysmic” for Western security, and that ejecting the nuclear submarines from Scotland would amount to “disarming the remainder of the United Kingdom.” The pro-independence campaign promptly accused Robertson of hyperbolic scaremongering. But the possibility that Britain could become the only permanent member of the U.N. Security Council without a nuclear deterrent underscores just how much is at stake far beyond these silent bays and verdant ridgelines when Scotland’s 5 million residents go to the polls Sept. 18.
  • Leaders of Scotland’s secessionist movement say their independent nation would be a nuclear-free zone within four years of breaking off from Great Britain. The vow is a popular one among the movement’s left-leaning voters, and the campaign has distributed fliers with instructions for “how to disarm a nuclear bomb” that begin and end with voting for independence. At the moment, that argument is losing out to those who advocate sticking with the United Kingdom — and with nuclear weapons. Polls show an approximate 10-point advantage for the unionist camp.
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  • But with a substantial share of voters undecided, U.K. officials remain nervous that Scotland could bolt — and that the nuclear program could be a casualty. The possibility provides an uncomfortable backdrop for the NATO summit that Britain will host in Wales on Sept. 4 and 5.
  • Building suitable bases to house the missiles and dock the subs in England would take at least a decade, experts say, and cost billions of dollars that the government doesn’t have. O’Brien said it’s likely that Britain would decide to scrap its nuclear program rather than make painful cuts elsewhere.
  • Paul Merrell on 26 Aug 14
     
    Interesting. Can't say that I'd shed any tears over British disarmament, or global disarmament for that matter.   But note that the article says UK has 255 warheads, with 160 of them deployed on Trident missiles. That makes it 95 warheads unaccounted for by the article. In storage somewhere, or deployable by aircraft?  According to Wikipedia, the Panavia Tornado fighter-bombers in the UK air force are cable of delivering air-dropped nuclear weapons. . 
Paul Merrell

"Russia Could Ditch Dollar In 2-3 Years"; Deputy PM Warns Nuclear Subs "Could Reach Any... - 0 views

www.zerohedge.com/...clear-subs-could-reach-any-cou

war & peace Russia U.S. de-dollarization nuclear-subs

shared by Paul Merrell on 05 Oct 14 - No Cached
  • "Two to three years is enough, not only to launch [settlements in rubles], but also to complete these mechanisms," says Andrey Kostin, head of Russia’s second-biggest bank VTB, noting that the possibility of the US and EU widening sanctions to exclude Russia from the SWIFT global money transfer system would become “a point of no return” making any further dialog impossible. However, as Deputy Prime Minister Dmitri Rogozin explains in this interview, how Russia's military and industrial complex is responding to a growing threat from America. Russia is not responding with any talk about the nuclear button (at least not yet); but they are preparing for such an eventuality: "we are creating a nuclear submarine fleet... capable of reaching any country on any continent, if [USA] suddenly becomes the aggressor, and our top-most national interests come under threat," adding that Obama's coup has ushered in "the complete demise of the Ukrainian State."
  • As RT reports, ?two to three years would be enough time for Russia to switch to international settlements to the ruble, Andrey Kostin, head of Russia’s second-biggest bank VTB, said... The media has reported on the possibility of the US and EU widening sanctions to exclude Russia from the SWIFT global money transfer system.   Kostin said the move would become “a point of no return” and that any further dialogue would be impossible if SWIFT was cut off.
Paul Merrell

Eurasian emporium or nuclear war?: Pepe Escobar | Asia Times - 0 views

atimes.com/...um-or-nuclear-war-pepe-escobar

war & peace U.S.-foreign-policy Russia ColdWar2.0 NATO War-Party

shared by Paul Merrell on 09 Apr 15 - No Cached
  • A high-level European diplomatic source has confirmed to Asia Times that German chancellor Angela Merkel’s government has vigorously approached Beijing in an effort to disrupt its multi-front strategic partnership with Russia. Beijing won’t necessarily listen to this political gesture from Berlin, as China is tuning the strings on its pan-Eurasian New Silk Road project, which implies close trade/commerce/business ties with both Germany and Russia. The German gambit reveals yet more pressure by hawkish sectors of the U.S. government who are intent on targeting and encircling Russia. For all the talk about Merkel’s outrage over the U.S. National Security Agency’s tapping shenanigans, the chancellor walks Washington’s walk.  Real “outrage” means nothing unless she unilaterally ends sanctions on Russia. In the absence of such a response by Merkel, we’re in the realm of good guy-bad guy negotiating tactics.
  • The bottom line is that Washington cannot possibly tolerate a close Germany-Russia trade/political relationship, as it directly threatens its hegemony in the Empire of Chaos. Thus, the whole Ukraine tragedy has absolutely nothing to do with human rights or the sanctity of borders. NATO ripped Kosovo away from Yugoslavia-Serbia without even bothering to hold a vote, such as the one that took place in Crimea.
  • In parallel, another fascinating gambit is developing. Some sectors of U.S. Think Tankland – with their cozy CIA ties – are now hedging their bets about Cold War 2.0, out of fear that they have misjudged what really happens on the geopolitical chessboard. I’ve just returned from Moscow, and there’s a feeling the Federal Security Bureau and Russian military intelligence are increasingly fed up with the endless stream of Washington/NATO provocations – from the Baltics to Central Asia, from Poland to Romania, from Azerbaijan to Turkey. This is an extensive but still only partial summary of what’s seen all across Russia as an existential threat: Washington/NATO’s intent to block Russia’s Eurasian trade and development; destroy its defense perimeter; and entice it into a shooting war. A shooting war is not exactly a brilliant idea. Russia’s S-500 anti-missile missiles and anti-aircraft missiles can intercept any existing ICBM, cruise missile or aircraft. S-500s travel at 15,480 miles an hour; reach an altitude of 115 miles; travel horizontally 2,174 miles; and can intercept up to ten incoming missiles. They simply cannot be stopped by any American anti-missile system.
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  • Some on the U.S. side say  the  S-500 system is being rolled out in a crash program, as an American intel source told Asia Times. There’s been no Russian confirmation. Officially, Moscow says the system is slated to be rolled out in 2017. End result, now or later: it will seal Russian airspace. It’s easy to draw the necessary conclusions. That makes the Obama administration’s “policy” of promoting war hysteria, coupled with unleashing a sanction, ruble and oil war against Russia, the work of a bunch of sub-zoology specimens. Some adults in the EU have already seen the writing on the (nuclear) wall. NATO’s conventional defenses are a joke. Any military buildup – as it’s happening now – is also a joke, as it could be demolished by the 5,000 tactical nuclear weapons Moscow would be able to use.
  • Of course it takes time to turn the current Cold War 2.0 mindset around, but there are indications the Masters of the Universe are listening – as this essay shows. Call it the first (public) break in the ice. Let’s assume Russia decided to mobilize five million troops, and switch to military production. The “West” would back down to an entente cordiale in a flash. And let’s assume Moscow decided to confiscate what remains of dodgy oligarch wealth. Vladimir Putin’s approval rate – which is not exactly shabby as it stands – would soar to at least 98%. Putin has been quite restrained so far. And still his childishly hysterical demonization persists. It’s a non-stop escalation scenario. Color revolutions. The Maidan coup. Sanctions; “evil” Hitler/Putin; Ukraine to enter NATO; NATO bases all over. And yet reality – as in the Crimean counter coup, and the battlefield victories by the armies of the People’s Republics of Donetsk and Lugansk – has derailed the most elaborate U.S. State Department/NATO plans. On top of it Merkel and France’s Francois Hollande were forced into an entente cordiale with Russia – on Minsk 2 – because they knew that would be the only way to stop Washington from further weaponizing Kiev.
  • Putin is essentially committed to a very complex preservation/flowering process of Russia’s history and culture, with overtones of pan-Slavism and Eurasianism. Comparing him to Hitler does not even qualify as a kindergarten prank. Yet don’t expect Washington neo-cons to understand Russian history or culture. Most of them would not even survive a Q&A on their beloved heroes Leo Strauss and Carl Schmitt. Moreover, their anti-intellectualism and exceptionalist arrogance creates only a privileged space for undiluted bullying. A U.S. academic, one of my sources, sent a letter to Nancy Pelosi copied to a notorious neo-con, the husband of Victoria, the Queen of Nulandistan. Here’s the neo-con’s response, via his Brookings Institution email: “Why don’t you go (expletive deleted)  yourself?” Yet another graphic case of husband and wife deserving each other.
  • At least there seem to be sound IQs in the Beltway driven to combat the neo-con cell inside the State Department, the neo-con infested editorial pages of the Wall Street Journal and the Washington Post, an array of think tanks, and of course NATO, whose current military leader, Gen. Breedlove/Breedhate, is working hard on his post-mod impersonation of Dr. Strangelove. Russian “aggression” is a myth. Moscow’s strategy, so far, has been pure self-defense. Moscow in a flash will strongly advance a strategic cooperation with the West if the West understands Russia’s security interests. If those are violated – as in provoking the bear – the bear will respond. A minimum understanding of history reveals that the bear knows one or two things about enduring suffering. It simply won’t collapse – or melt away.
  • Meanwhile, another myth has also been debunked: That sanctions would badly hurt Russia’s exports and trade surpluses. Of course there was hurt, but bearable. Russia enjoys a wealth of raw materials and massive internal production capability – enough to meet the bulk of internal demand. So we’re back to the EU, Russia and China, and everyone in between, all joining the greatest trade emporium in history across the whole of Eurasia. That’s what Putin proposed in Germany a few years ago, and that’s what the Chinese are already doing. And what do the neo-cons propose? A nuclear war on European soil.
  • Paul Merrell on 09 Apr 15
     
    Merkel is in a poor position to break up Russia-China relations, having blown up the South Stream Pipeline project and playing the U.S. lapdog role on sanctions against Russia, which drove Russia into China's arms. China has been happily switching from Gulf Coast oil supply lines to Russian, given that the U.S. is busily blowing up the Middle East. Moreover, neither Merkel nor the Saudis bring anything to the China de-dollarization play while Russia does.   Follow the link from "This" to see what has Pepe Escobar so freaked out. The U.S. War Party is going nuts with their Cold War 2.0. 
Paul Merrell

Israeli Defense Minister: We Prefer ISIS Over Iran - 0 views

www.mintpressnews.com/...212977

war & peace Israel ISIL Iran Iranian-nukes-myth terrorism™

shared by Paul Merrell on 22 Jan 16 - No Cached
  • Defense Minister Moshe Ya’alon declared on Tuesday that if he was to choose between Iran and ISIS – “I prefer ISIS.” Speaking at the Institute for National Security Studies’ (INSS) conference in Tel Aviv, Ya’alon sought to clarify that “Iran is our main enemy, after I heard voices saying different things.”
  • Tehran, he said, “is a rogue regime with designs on a regional hegemony. Hezbollah is Iran’s proxy, with the ability to declare war. Iran currently has terror infrastructure in place in five continents: Asia, Africa, Europe and both in South and North America.” Th nuclear agreement signed between the Islamic Republic and world powers, the defense minister said, “pushed back the clock from three months to one year. If Iran feels economically secure, it can breakout and produce a bomb even faster.” Ya’alon doesn’t put much stock in the Russians’ ability to retake Syria from jihadists- including ISIS – who took over large swaths of land. “The Russians thought they’d get to the Euphrates River in three months,” he said, noting the Russian army is not reaching its goals and failing to achieve much in the Golan Heights. “There are achievements in the fighting against ISIS – led by the US,” Ya’alon said. “ISIS is suffering serious defeats in Iraq and Syria.” “We believe ISIS will be eventually defeated territorially after the blows it has been suffering, and in light of the attacks on its oil reserves,” he added. The strategy in Syria, he said, should be “to strengthen local forces with ‘boots on the ground,’ like the Kurds are doing.”
  • Paul Merrell on 22 Jan 16
     
    Keep in mind that the Defense Minister in Israel is a political appointee but has little actual influence over the military in important matters. The Israeli military's recently published long-term strategy document does not identify Iran or its "nuclear weapons ambitions" as a major threat.  But Israeli foreign policy differs from the military's conservative pragmatism. Israeli right-wingers hae long had a goal of destabilizing and Balkanizing Arab and Muslim nations in the Near East, with long-term imperial ambitions that would include Israel being the major military and economic power in the Mideast and with Israel's borders expanded from the Nile River in Egypt to the Euphrates River in Syria and Iraq, encompassing most of the Arabian Peninsula. The "Ersatz Israel" ambition is derived from passages in the Bible in which God allegedly promised Abraham that his people would have that territory, although different passages speak of varying boundaries. Israel's treatment of native Palestinians is largely the byproduct of that religion-based goal; in the Zionnist viewpoint, Palestinians are latter-day interlopers and sub-humans who have no right to the land, which was supposedly promised by God to the Jews. Establishing Ersatz Israel is the major goal of Zionism.  
Gary Edwards

Can Americans Escape the Deception? - 0 views

www.paulcraigroberts.org/...can-americans-escape-deception

Paul-Craig-Roberts

shared by Gary Edwards on 11 Jul 12 - No Cached
  • Gary Edwards on 11 Jul 12
     
    I've been reading Paul Craig Roberts since high school, when i used to clip his backpage columns in NewsWeek magazine. These days, you have to go to his blog to get the truth. But what a truth it is! Incredible, forceful but presented only as PCR can do. His wake up call to America is not about Republicans or Democrats. It's about our liberty and the all out assault our government, socialist and conservatives alike, has launched on the Constitution. Amerika! This is what it comes to. It's also why i'm a libertarian. Read it and weep. Excerpt is from the 9/11 section. excerpt: In a real investigation, the 9/11 evidence would not have been illegally destroyed, and the investigation would have been conducted by experts, not by government agencies assigned a cover-up and by political hacks. The NIST report is abject nonsense. It explains nothing. It is a fabricated computer simulation of a non-event. The co-chairmen and legal counsel of the 9/11 Commission later wrote books in which they stated that information was withheld from the commission, the military lied to the commission, and the commission "was set up to fail." Yet, these astounding admissions by the leaders of the 9/11 Commission had no impact on Congress, the presstitute media, or the public. All heads were in the sand. Please, whatever you do, don't make us emotional weaklings face the facts. More than one hundred firefighters, police, first responders, and building maintenance personnel report hearing and experiencing scores of explosions in the twin towers, including powerful explosions in the sub-basements prior to the collapse of the towers. Distinguished scientists, authors of many peer-reviewed scientific papers, report finding unreacted nano-thermite in the dust from the towers, tested it for its explosive and high-heat producing ability, and reported the unequivocal results. Seventeen hundred architects and engineers have testified in a petition to Congress that the th
  • Paul Merrell on 12 Jul 12
     
    For a detailed and fully referenced study of how 9-11 Commission Executive Director Philip Zelikow's conflict of interest and how he kept Commission members in the dark and sabotaged the Commission report, see http://tinyurl.com/6tdfc56
Paul Merrell

Lobbyist Says Israel Should Create A 'False Flag' To Start A War With Iran - Business I... - 0 views

www.businessinsider.com/-sub-illicit-false-flag-2012-9

war & peace false-flag Israel Iran AIPAC WINEP

shared by Paul Merrell on 19 Mar 15 - No Cached
  • Israel is conducting massive "snap-training" exercises. The U.S. is doing unprecedented naval mine clearing evolutions. Iran is launching anti-ship missiles and submarines. Now is the time that a small provocation could lead to a full-blown war. And Patrick Clawson, Director of Research at Washington Institute Of Near East Policy (WINEP), has suggested that someone should fabricate that small provocation. Speaking at the WINEP policy forum luncheon on "How to Build US-Israeli Coordination on Preventing an Iranian Nuclear Breakout," Clawson (ironically) said that "if, in fact, the Iranians aren't going to compromise, it would be best if someone else started the war." Before that Clawson listed all the conflicts in which the U.S. didn't become involved until they were attacked, emphasizing that a false flag was needed each time for conflict to be initiated.
  • WINEP is a "key organization in the Israel lobby" that was founded in 1985 by leading members of the American Israel Public Affairs Committee (AIPAC) to "provide a seemingly 'objective' research organization to provide consistently 'pro-Israel' analysis and commentary," according to Harvard professor of International Affairs Steven M. Walt (h/t Firedoglake). Former AIPAC staffer MJ Rosenberg was reportedly in the room when WINEP was founded and described the organization as "an AIPAC controlled think-tank that would disseminate the AIPAC line but in a way that would disguise its connections." Clawson didn't disguise much. Here's the video:
  • Paul Merrell on 19 Mar 15
     
    Well ain't that cute: an Israel Lobby think tanker gets caught calling for a false flag attack on the U.S. to justify launchiong a war against Iran. And on video too. 
Paul Merrell

Japanese Gov admits "One" Fukushima Cleanup Worker contracted Cancer | nsnbc international - 0 views

nsnbc.me/...eanup-worker-contracted-cancer

environment Fukushima cover-up deaths

shared by Paul Merrell on 20 Oct 15 - No Cached
  • The Japanese Labor Ministry announced that it has recognized that one Fukushima cleanup worker has contracted cancer. Some 44,000 workers have participated in the cleanup after the nuclear disaster in 2011. Most of the workers’ health history is undocumented while the government cracks down on journalists who document the government’s and Fukushima Daiichi operator TEPCO’s cover-up of the impact on workers’ health.
  • Some 44,000 workers have participated in the cleanup operation at the crippled Fukushima Daichi Nuclear Power plant since the plant was struck by three reactor core meltdowns, spent fuel fires, and the distribution of highly radioactive spent fuel rods and pellets during an explosion. The vast majority of the cleanup workers belong to socio-economically underprivileged strata of Japan’s society, including long-term unemployed and the homeless. Fukushima Daiichi operator TEPCO has been criticized for outsourcing the recruitment of cleanup workers to sub-contractors with ties to Japan’s organized crime network, the Yakuza. While the Labor Ministry’s admission that one cleanup worker contracted leukemia due to exposure to radioactive nucleides during his work at the disaster site may seem like “progress”, it merely covers the tip of an iceberg. Several factors contribute to what amounts to a systematic cover-up of the true impact on the health of cleanup workers. For one, there is Japanese legislation that threatens anyone, including journalists who disclose unauthorized information about the disaster and its detrimental health and environmental impact with up to ten years imprisonment.
  • Another factor is the systematic intimidation and threats against investigative journalists by the Japanese government, Japanese police, TEPCO, as well as by organized crime networks. One example is the case of independent journalist Mako Oshidori who interviewed and documented the cases of numerous cleanup workers. In 2014 Mako reported that she discovered a TEPCO memo, in which the Fukushima Daiichi operator TEPCO instructs officials to “cut Mako-chan’s (questions) short, appropriately”. Mako Oshidori was enrolled in the School of Life Sciences at Tottori University Faculty of Medicine for three years. Mako revealed that TEPCO and the government cover-up the death of Fukusjima workers and that government agents began following her around after she began investigating the cover-up.
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  • “As of now, there are multiple NPP workers who have died, but only the ones who died on the job are reported publicly. Some of them have died suddenly while off work, for instance, during the weekend or in their sleep, but none of their deaths are reported. … “Not only that, they are not included in the worker death count. For example, there are some workers who quit the job after a lot of radiation exposure, such as 50, 60 to 70 mili Sieverts, and end up dying a month later, but none of these deaths are either reported, or included in the death toll. This is the reality of the NPP workers”.
  • The Labor Ministry’s admission that “one cleanup worker contacted cancer” can, arguably, be perceived as nothing but a continuum of the cover-up of hard scientific data, the prevention of independent studies and the intimidation and criminalization of journalists who could disclose that thousands of Fukushima cleanup workers have fallen critically ill and/or have died.
Paul Merrell

CorpWatch : "Alchemy" Investigation Alleges Wall Street Fraud at Standard & P... - 0 views

www.corpwatch.org/article.php

banksters fraud litigation S&P

shared by Paul Merrell on 09 Feb 14 - No Cached
  • On Monday, the U.S. Department of Justice sued S&P for $5 billion for misleading the Western Federal Corporate Credit Union, the first federally chartered credit union, which collapsed in 2008.  Sixteen states have joined the lawsuit while the U.S. Securities & Exchange Commission has also launched an investigation. S&P has offered to settle for $100 million instead without admitting any guilt.The lawsuits are based on a special government investigation named “Alchemy” into top ratings provided by S&P for “collateralized debt obligations” (CDOs) composed of sub-prime mortgages. The federal officials allege that analysts knew that the loans were likely to go sour.
  • Two dozen government lawyers spent several years, conducting over 150 interviews, to find out how much the ratings agency knew about the quality of the CDOs. Some of the documents they uncovered were pretty damning.“This market is a wildly spinning top which is going to end badly,” wrote David Tesher, an S&P managing director in an email on December 11, 2006, according to documents released by the government. “Let’s hope we are all wealthy and retired by the time this house of cards falters,” another S&P employee wrote four days later, according to documents released by the U.S. Senate."Watch out // Housing market went softer // Cooling down // Strong market is now much weaker // Subprime is boi-ling o-ver // Bringing down the house,” sang an analyst in a parody video of Talking Heads' 1983 song "Burning Down the House" that he recorded for his colleagues in March 2007.
  • “Claims that we deliberately kept ratings high when we knew they should be lower are simply not true. S.&P. has always been committed to serving the interests of investors and all market participants by providing independent opinions on creditworthiness based on available information,” the Wall Street firm said in a statement released to the press.S&P has also tried to claim in court that its ratings are protected under the first amendment to the U.S. constitution, which guarantees the right to free speech. Federal judges have been skeptical like Shira A. Scheindlin, who recently ruled against the argument.
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  • Other lawsuits have also uncovered evidence that Wall Street firms were aware of the problems with sub-prime loans as far back as 2005, according to documents just released in a New York court under a lawsuit against Morgan Stanley, a major U.S. investment bank, that was brought by the China Development Industrial Bank (CDIB) from Taiwan.  The bankers cracked jokes about the quality of the CDO that they sold to the Taiwanese suggesting that it should be called “Subprime Meltdown,” “Hitman,” “Nuclear Holocaust” and “Mike Tyson’s Punchout” or “Shitbag.”
  • Paul Merrell on 09 Feb 14
     
    From February 2013.
Paul Merrell

The Aviationist » U.S. aircraft carrier and part of its escort "sunk" by Fren... - 0 views

theaviationist.com/...-aircraft-carrier-sunk-by-subs

war & peace U.S.-Navy aircraft-carrier-defense France submarine

shared by Paul Merrell on 11 Mar 15 - No Cached
  • If you thought aircraft carriers were invincible you were wrong.On Mar. 4, the French Ministry of Defense released some interesting details, about the activity conducted by one of its nuclear-powered attack submarine (SNA) in the waters of the North Atlantic Ocean.According to French MoD website (that is no longer online, even if you can still find a cached version of the article titled “Le SNA Saphir en entraînement avec l’US Navy au large de la Floride”), the Saphir submarine has recently taken part in a major exercise with the U.S. Navy off Florida.The aim of the exercise was joint training with U.S. Carrier Strike Group 12 made by the aircraft carrier Theodore Roosevelt, several Ticonderoga cruisers or Arleigh Burke-class destroyers and a Los Angeles-class submarine, ahead of their operational deployment.The scenario of the drills saw some imaginary states assaulting American economic and territorial interests; threats faced by a naval force led by USS Theodore Roosevelt.During the first phase of the exercise, the Saphir was integrated into the friendly force to support anti-submarine warfare (ASW) by cooperating with U.S. P-3C Orion P-8A Poseidon MPA (Maritime Patrol Aircraft): its role was to share all the underwater contacts with the other ASW assets.In the second phase of the exercise, the Saphir was integrated with the enemy forces and its mission was to locate the aircraft carrier Theodore Roosevelt and its accompanying warships and prepare to attack the strike group.
  • While the fictious political situation deteriorated, the Saphir quietly slipped in the heart of the multi-billion-dollar aircraft carrier’s defensive screen, while avoiding detection by ASW assets.On the morning of the last day, the order to attack was finally given, allowing the Saphir to pretend-sinking the USS Theodore Roosevelt and most of its escort.Although we don’t really know many more details about the attack and its outcome, the scripted exercise its RoE (Rules of Engagement), the simulated sinking of a U.S. supercarrier proves the flattop’s underwater defenses are not impenetrable.This is the reason why modern subs often train with aircraft carriers: they pose a significant threat to powerful Carrier Strike Groups.Obviously, this was not the first time a submarine scored a simulated carrier kill with torpedo attacks.For instance, in 2007 HMCS Corner Brook, a Canadian diesel-electric submarine “sunk” UK’s Illustrious during an exercise in the Atlantic.
  • Paul Merrell on 11 Mar 15
     
    Thus proving that we need many more aircraft carrier groups, I guess.
Paul Merrell

Obama gives $1.9 billion in weapons as welcome gift to Israel's racist government | The... - 0 views

electronicintifada.net/...gift-israels-racist-government

war & peace Obama Israel weapons-shipments Netanyahu-cabinet

shared by Paul Merrell on 22 May 15 - No Cached
  • The Obama administration approved a $1.9 billion arms sale to Israel in recent days as “compensation” for the US nuclear deal with Iran, which the Israeli regime staunchly opposes.  Among the tens of thousands of bombs included in the weapons package are 3,000 Hellfire missiles, 12,000 general purpose bombs and 750 bunker buster bombs that can penetrate up to twenty feet, or six meters, of reinforced concrete. This generous weapons gift comes in the wake of Israel’s most ferocious attack on the Gaza Strip to date, in which the Israeli army deliberately targeted civilians, including children, as a matter of policy.
  • The degree of firepower Israel unleashed on Gaza was so extreme that senior US military officials who participated in the illegal invasion and criminal destruction of Iraq were left stunned.  Even the Pentagon and State Department were forced to acknowledge that Israel did not do enough to avoid civilian deaths. But this did not prevent the Obama administration from rushing to provide Israel with the means to carry out more atrocities. 
  • Meanwhile, Netanyahu has assembled the most racist government in Israel’s history, with unabashed genocide enthusiasts occupying the most senior level positions.  Israel’s new education minister is Naftali Bennett, leader of the religious ultra-nationalist Habeyit Hayehudi (Jewish Home) party who famously bragged, “I’ve killed lots of Arabs in my life — and there’s no problem with that.” In response to international outrage at the Israeli massacre of four children playing soccer on the beach in Gaza last summer, Bennett accused Palestinian resistance fighters of “conducting massive self-genocide” to make Israel look bad.  Israel’s new justice minister is Ayelet Shaked, the lawmaker who last June endorsed a call to genocide, which declared “the entire Palestinian people is the enemy” and demanded the slaughter of Palestinian mothers to prevent them from birthing “little snakes.” 
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  • Israel’s new culture minister is Miri Regev, who in 2012 helped incite a violent anti-African riot when she stood before a racist mob and labeled non-Jewish African asylum seekers a “cancer”, a statement that 52 percent of Israeli Jews agreed with. Regev later apologized, not to Africans but to cancer survivors for likening them to Black people.  Israel’s new deputy defense minister is Eli Ben-Dahan, who proudly proclaimed, “[Palestinians] are beasts, they are not human,” and, “A Jew always has a much higher soul than a gentile, even if he is a homosexual.” Citing a combination of religious text and the writings of far rightwing Israeli figures, Israel’s new deputy foreign minister Tzipi Hotovely asserted Jewish ownership over all of historic Palestine, declaring, “This land is ours. All of it is ours. We did not come here to apologize for that.” 
  • Earlier this month, Moshe Yaalon, who will continue to serve as Israel’s defense minister in Netanyahu’s new governing coalition, threatened to nuke Iran and promised to kill civilians, including children, in any future conflict with Lebanon or Gaza.  Unlike Obama’s hollow threats, this is not empty rhetoric. We saw this incitement play out last summer, from the burning of Muhammad Abu Khudair by Jewish extremists and “death to Arabs” mobs hunting Palestinians in the streets of Jerusalem, to the sadistic conduct and eliminationist chauvinism exhibited by Israel’s military in Gaza. With Israeli Jewish society submerged in anti-Palestinian racism from the top down, the Obama administration has guaranteed Israel’s capacity to carry out its most destructive ambitions. 
  • Paul Merrell on 22 May 15
     
    Note that Obama also shipped munitions to Israel during Operation Protective Edge last year to resupply Israel's stocks depleted during the operation, which made him and the U.S. complicit in the then-ongoing Israeli war-crimes.    
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