Hard hitting global and local news
Haaretz did not clarify that the statement Netanyahu is referring was both translated incorrectly and taken purposefully out of context ( here and here ).
Please consider Hermosa Beach Meter Maids Make Nearly $100K When contemplating the many reasons cities in California and elsewhere are venturing closer to bankruptcy, look no further than the relatively lucrative and often-unjustifiable salaries bestowed on municipal employees – and the lofty pension benefits attached to the high pay. One of the latest examples comes from the California coastal city of Hermosa Beach, where some community service staffers who collect money from parking meters and manage their operations – positions once widely known as “meter maidsâ€â€“ are making nearly $100,000 a year in total compensation, according to city documents. There are 10 parking enforcement employees for the 1.3-square-mile beach city southwest of downtown Los Angeles, and they pull down some disproportionate compensation, considering their job functions.
Financial Times Alphaville picked up on the story in Chinese Banks’ Weapons of Mass Ponzi We wrote last week that China’s shadow banking system was reflecting and, to an extent, contributing to a growing liquidity risk which in turn is being exacerbated by net capital outflows. Since then, there have been some interesting revelations on the domestic liquidity management, especially in shadow banking, and especially especially in wealth management products
The Syrian Government is Not Isolated Largest nations on Earth converge to support embattled Syrian government. by Tony Cartalucci August 11, 2012 – Iran has recently hosted 30 nations including Russia, China, India, Pakistan, Indonesia, Sri Lanka, Ecuador, Afghanistan, Algeria, Iraq, Oman, Turkmenistan, Venezuela, Cuba, Jordan, Tunisia, Palestine, and many others in Tehran this week in efforts to support the Syrian government against foreign destabilization. Upon the agenda were calls to end foreign arms currently flowing into terrorist hands inside Syria, proposals to broker a meaningful ceasefire, the coordination of humanitarian aid, and supporting the Syrian people’s right to reform without foreign interference
Saturday, August 11, 2012 Genesis of US-Saudi "Al Qaeda Frankenstein" in Syria Al Qaeda militants funded, armed and arrayed against Syria by the West since at least 2007 receive PR boost from Western media as public awareness grows of their presence. by Tony Cartalucci August 11, 2012 – "To undermine Iran, which is predominantly Shiite, the Bush Administration has decided, in effect, to reconfigure its priorities in the Middle East. In Lebanon, the Administration has coöperated with Saudi Arabia’s government, which is Sunni, in clandestine operations that are intended to weaken Hezbollah, the Shiite organization that is backed by Iran.
In turn, I give credit to Michael Snyder for his writeup Anyone With Half A Brain Should See That A Gigantic Economic Collapse Is Coming Snyder, referencing Ron Paul and Tony Robbins, writes … For the past four decades, the United States has been enjoying a 15 trillion dollar party. All of this borrowed money has enabled us to live far, far beyond our means
Read More: Heartaches by the Number: Just 14% Think Today’s Children Will Be Better Off Than Their Parents; Just 24%…
In an effort to rein in costs, the city of Camden NJ will fire its entire 270 member police force and instead will use Camden County officers. Mayor Dana Redd and Police Chief Scott Thomson noted that for the same price, Camden can have 400 county officers on staff. That is nearly a 50% increase in the number of officers for the same price
No entity is willing to stand up and say the obvious, that Greece is insolvent and cannot and will not pay back its debts. Moreover, in spite of an ECB mandate that prohibits direct financing of governments, the ECB is doing just that. Simply put, the ECB is printing euros, to give to the Greece, so that Greece can make interest payments to the ECB on maturing bonds
See more here: Saudi Arabia Revolution May Ruin NATO’s Syria Plans