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Dan J

FT.com / Currencies - Russia diversifies into Canadian dollars - 0 views

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    "Russia diversifies into Canadian dollars By Peter Garnham Published: January 20 2010 16:46 | Last updated: January 20 2010 16:46 Russia's central bank announced on Wednesday that it had started buying Canadian dollars and securities in a bid to diversify its foreign exchange reserves. Analysts said the move could be a sign of increased diversification of emerging market central bank assets away from the dollar and into investments denominated in other commodity-linked currencies, such as the Australian dollar. Adam Cole at RBC Capital Markets said if taken in isolation, Russia's announcement that it was buying Canadian dollars was not significant, but if it was part of a broader trend, then it was an important step. "If it is a barometer for the activity of other central banks, then its is structurally positive for the currencies of countries like Canada and Australia that have a commodity bias in their economies," he said. Although not officially confirmed, traders said that other emerging market central banks, including some in Asia which hold large foreign exchange reserves, have also been active in the foreign exchange market in recent weeks buying both Canadian dollars and Australian dollars. Alexei Ulyukayev, first deputy chairman of Russia's central bank, said that it would invest in Canadian dollar-denominated deposits and bonds. "The Canadian financial market is not very deep, so we can invest in deposits in significant volumes, while the bond market is limited," he said. Although the central bank did not specify how much of its reserves it was allocating to assets denominated in the Canadian dollar, analysts estimated that the central bank could put up to $9bn, or 2 per cent, of its foreign exchange reserves into the currency."
Dan J

Climategate, Copenhagen and Cap & Trade - 0 views

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    "2009 ended with a flurry of important events on the climate-change front. In November, the Climategate scandal broke. An anonymous whistle-blower released over 1,000 e-mails from key scientists (both British and American) in the alarmist climate-change camp. The e-mails revealed a shocking pattern of the abuse of science by both American and British scientists collaborating at the Climate Research Unit of East Anglia University the source of various global-warming studies that have formed the alleged scientific justification for capping human CO2 emissions. E. Calvin Beisner wrote that the e-mails showed: serious scientific malfeasance the fabrication, corruption, destruction, hiding, and cherry-picking of data as well as intimidation of dissenting scientists and journal editors and efforts to evade disclosure under Freedom of Information Laws in the United Kingdom and the United States. James Delingpoles blog found Conspiracy, collusion manipulation of data, private admissions of flaws in their public claims and much more. The incriminating e-mails were followed in December by charges from Russia's Institute of Economic Analysis that Britain's Meteorological Office deliberately skewed Russia's temperature data. With the underlying climate-change science so thoroughly compromised, did policymakers pause to reconsider the need for colossally expensive CO2-curbing policies? No. Instead they are locked into automatic-pilot mode. In the United States, Sen. Barbara Boxer (D-CA) dismissed Climategates revelations as irrelevant and continued to push her expensive cap-and-trade proposal (potential cost: trillions of dollars; potential climate impact according to its own proponents: a few hundredths of a degree). Internationally, last month's U.N. climate conference in Copenhagen ignored it. The delegates didn't skip a beat in pursuing a multi-trillion-dollar transfer of wealth from developed to undeveloped countries. Could it be that climate-change politics is more a
Dan J

Is The H1N1 Swine Flu Vaccine Causing Miscarriages? 9 New Stories Of Pain And Loss From... - 0 views

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    "Is the H1N1 swine flu vaccine causing miscarriages? Is the vaccine safe for pregnant women to take? Those are questions that thousands upon thousands of pregnant women have wrestled with over the past couple of months as they have decided what to do about the swine flu. The WHO and U.S health authorities insisted that the H1N1 swine flu vaccine was perfectly safe for pregnant women and pushed them to the front of the line. So thousands of women did run out and get themselves injected with the vaccine. Now reports are pouring in from all over the United States of women who have lost their babies very quickly after receiving the H1N1 vaccine. Many of these women are overcome with pain and a feeling of loss and are looking for answers. They end up on sites like this one because the mainstream media won't touch this story with a ten foot pole (lest they offend the pharmaceutical giants and their millions of dollars in ad money). Fortunately there are alternatives to the mainstream media now. The following are stories from 9 of our readers who have lost their babies very soon after getting the H1N1 swine flu vaccine. We challenge anyone who still believes in the safety of this vaccine to read all of the following stories and then to explain to the rest of us why we should not be concerned. The truth is that the H1N1 swine flu vaccine is NOT safe for pregnant women. The following are unedited personal testimonies left as comments by readers of this site..... #1) Kelly: If you haven't had a miscarriage, you shouldn't comment about someone that has. This is my second miscarriage. I know my first miscarriage had absolutely nothing to do with the H1N1 shot (because it was in 2003), however, this time I believe there definitely could be a connection. I had 3 healthy babies after my first miscarriage. When I went to have my H1N1 shot (which was HIGHLY recommended by the Health Office workers since I WAS pregnant and I higher risk of H1N1), I was around 5 wee
Dan J

CHINA is Hacking us!! | Pc Gamers Era - 0 views

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    "Look at what FoxNews says. The code that was used to hack Gmail accounts in China is now publicly available on the Internet, and security experts are urging computer users throughout the world to be highly vigilant until a patch can be developed. The hack involves Internet Explorer 6, the browser that came with the Windows XP operating system that, while outdated, still powers millions of businesses and home computers and is now dangerously compromised. Hacks based on this security flaw led Google to threaten to drop its www.google.cn Web site and leave China last week. The Internet behemoth believes these security intrusions are a quest not just for political knowledge but also for intellectual property. Experts warn that as many as 30 other companies have been hacked, ranging from software firms like Adobe and Juniper Networks to Northrop Grumman - a major U.S. defense contractor and manufacturer of nuclear-powered aircraft carriers and the Global Hawk unmanned drone. Microsoft has yet to patch the hole in IE 6, a flaw so serious it's prompted the German government to suggest citizens avoid IE. Microsoft has posted a security advisory detailing the problem, and urging users to upgrade to newer browsers. The main strategy or process that these hackers are following is said to be known as Spearphishing. They target the user with an e-mail that would appeal to them, one that leads to a site that launches malicious code onto your system. And the IE 6 exploit makes it particularly easy to slip that code on your computer. India's security chief, M.K. Narayanan, is claiming that Chinese hackers have attempted to hack into India's most sensitive government office. Tensions between China and India have been resizing lately ever nice India's relationship with the U.S. has improved to the point that the U.S. is poised to be selling them billions of dollars worth of weapons. Although there is no way for the Indian office to now for sure, they are pretty sure
Dan J

Oregon Passes Tax Boost on Wealthy, Corporations - WSJ.com - 0 views

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    "PORTLAND, Ore.-Oregon voters approved two special tax measures Tuesday designed to close a $733 million state budget gap. With 80% of the expected vote tallied, the Associated Press reported "yes" voters for Measures 66 and 67 garnered about 54% of Oregon's mail-in ballots. Elections here are by mailed ballot only. Tuesday was the last day ballots could be cast. Measure 66 increases Oregon's personal-income-tax rate by two percentage points for households earning over $250,000 a year. Measure 67 calls for an increase in the state's minimum corporate income tax, currently $10 a year, and imposes a tax on gross revenues for corporations that do not report a profit. The Oregon Legislature approved both tax increases last year, however opponents of the measures-chiefly business groups-sponsored a referendum campaign to put them to a statewide vote. Voters in this heavily Democratic state supported the legislators. "Passage of these measures means we keep core services of education, health care and public safety that Oregon families, businesses, and communities count on," said Oregon House Speaker Dave Hunt, a Democrat who represents Clackamas County. Defeat, he said, would have forced the state to cut nearly a billion dollars more from such services. The twin ballot measures also served as a gauge of anti-business populism and highlighted a nationwide debate over whether to fix state budgets by targeting the affluent. But they also fueled resentment of "tax and spend" legislators, as well as public-employee unions whose members enjoy job security at a time when thousands here have lost jobs. "
Dan J

The WHO Wants To Impose A Global Tax On The Entire World - 0 views

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    "he people who brought you "The Great Swine Flu Scare Of 2009" now want to bring you "The Great Global Health Tax Of 2010". The World Health Organization is actually considering a plan to ask governments all over the globe to impose a global consumer tax on such things as Internet activity and everyday financial transactions like paying bills online. Seriously. Apparently the goal of such a plan would be to raise "tens of billions of dollars" which would then be used to "transfer" pharmaceutical research, development and manufacturing capabilities to the developing world. Transfer them from where? Places like the United States? So let's get this straight. According to the WHO global tax plan, they want to do the following three things.... #1) Take away research, development and manufacturing jobs from us and give them to the developing world at a time when we can least afford it. #2) Give much more money and power to the idiots who brought us the global swine flu scare of 2009. #3) Make us pay for all of it. The World Health Organization's "Expert Working Group" is also thinking of asking wealthy nations such as the United States to set aside fixed portions of their gross domestic product to finance the shift in worldwide research and development. What in the world? No, we do not want a global tax. No, we do not want to redistribute our wealth. We've got a big enough debt problem right now without the WHO trying to dip their greedy little fingers into our pockets. Thanks to Obama and the U.S. Congress we are already flat broke as a nation."
Dan J

More troops, aid go to Haiti, but hunger persists - Yahoo! News - 0 views

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    "PORT-AU-PRINCE, Haiti - Troops, doctors and aid workers flowed into Haiti on Monday even while victims of the quake that killed an estimated 200,000 people still struggled to find a cup of water or a handful of food. European nations pledged more than a half-billion dollars in emergency and long-term aid, on top of at least $100 million promised earlier by the U.S. But help was still not reaching many victims of Tuesday's quake - choked back by transportation bottlenecks, bureaucratic confusion, fear of attacks on aid convoys, the collapse of local authority and the sheer scale of the need. Looting spread to more parts of downtown Port-au-Prince as hundreds of young men and boys clambered up broken walls to break into shops and take whatever they can find. Especially prized was toothpaste, which people smear under their noses to fend off the stench of decaying bodies. At a collapsed and burning shop in the market area, youths used broken bottles, machetes and razors to battle for bottles of rum and police fired shots to break up the crowd. "I am drinking as much as I can. It gives courage," said Jean-Pierre Junior, wielding a broken wooden plank with nails to protect his bottle of rum. Even so, the U.S. Army's on-the-ground commander, Lt. Gen. Ken Keen, said the city is seeing less violence than before the earthquake. "Is there gang violence? Yes. Was there gang violence before the earthquake? Absolutely."' Keen said some 2,000 Marines were set to join 1,000 U.S. troops on the ground and U.N. Secretary-General Ban Ki-moon announced Monday he wants 1,500 more U.N. police and 2,000 more troops to join the existing 7,000 military peacekeepers and 2,100 international police in Haiti."
Dan J

U.S. missionaries go before judge in Haiti child case | Reuters - 0 views

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    "The missionaries were arrested on Friday trying to cross into the Dominican Republic from Haiti with a busload of 33 children they said were orphaned by the January 12 quake. They denied charges they were engaged in child trafficking, insisting they were trying to help vulnerable orphans. Haitian police have said some of the children have living parents. The case could be diplomatically sensitive at a time when the United States is spearheading a huge relief effort to help hundreds of thousands of Haitian quake victims, and as U.S. aid groups pour millions of dollars of donations into Haiti. The five missionaries were questioned behind closed doors at Haiti's judicial police headquarters in Port-au-Prince, where they are being held behind bars. They were escorted from their cells by uniformed Haitian National Police officers to a separate room where the judge awaited along with a clerk and a translator. "I heard five of them. Then I will hear the other five tomorrow," Judge Ezaie Pierre-Louis said. "After the hearing tomorrow, I will make a report to the prosecutor, then he will decide what he does next." Communications Minister Marie-Laurence Lassegue said the missionaries did not have lawyers present. One of the missionaries, a woman, was returned to the police building on Tuesday after being treated at a hospital for hypertension. Before the hearing, prosecutor Mazarre Fortil said authorities were in the preliminary stages of the investigation. "I am here to hear the Americans, to know more about the case, about what were their intentions," he said. "We are looking deeper into what happened to determine the next steps." SOME PARENTS GAVE UP CHILDREN Haitian authorities have repeatedly expressed concerns that child traffickers could prey on children in the chaos that followed the earthquake that killed up to 200,000 people."
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