Ebola crisis: Now Liberia quarantines again after a death

•July 2, 2015 • Leave a Comment

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http://www.bbc.com/news/world-africa-33323664

Liberia’s authorities have quarantined the area where a 17-year-old boy died of Ebola.

This is the first reported case of Ebola in Liberia since it was declared free of the disease seven weeks ago.

Deputy health minister Tolbert Nyenswah said tests confirmed that the teenager from Nedowein village, near the international airport, had died of the disease on 28 June.

Officials are investigating how he contracted Ebola, Mr Nyenswah said.

More than 11,000 people have died of the disease since December 2013, the vast majority of them in Liberia, Guinea and Sierra Leone.

The countries had largely curbed the spread of the disease – but the number of new cases has risen recently, with the start of the rainy season in West Africa.

Mr Nyenswah told the BBC’s Jonathan Paye-Layleh in Monrovia that the authorities were dealing with the situation effectively and there was no need for the public to panic.

“We have said over and over again that there was a possibility that there could be a resurgence of the virus in Liberia,” he said. “But our surveillance team, our capacity is very strong.

“The only complication is that the person died before we tested the body as part of our surveillance system.”

The number of people quarantined in Nedowein, about 30 miles (48km) from the capital, would be made available later, Mr Nyenswah said.

The authorities were investigating whether the dead man had contracted the disease as a result of travel, he said.

The man’s body had been buried safely, in accordance with guidelines to check the spread of Ebola, he added.

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https://seeker401.wordpress.com/2015/06/26/ebola-outbreak-new-cases-in-sierra-leone/

two countries declared free of ebola now have it back..i would assume it never really “left”..

401

June 16: If the TPP passes banks will wield awesome power

•July 2, 2015 • 1 Comment

British banknotes – money

http://www.scoop.co.nz/stories/WO1506/S00166/if-the-tpp-passes-banks-will-wield-awesome-power.htm

In March 2014, the Bank of England let the cat out of the bag: money is just an IOU, and the banks are rolling in it. So wrote David Graeber in The Guardian the same month, referring to a BOE paper called “Money Creation in the Modern Economy.” The paper stated outright that most common assumptions of how banking works are simply wrong. The result, said Graeber, was to throw the entire theoretical basis for austerity out of the window.

The revelation may have done more than that. The entire basis for maintaining our private extractive banking monopoly may have been thrown out the window. And that could help explain the desperate rush to “fast track” not only the Trans-Pacific Partnership (TPP) and the Trans-Atlantic Trade and Investment Partnership (TTIP), but the Trade in Services Agreement (TiSA). TiSA would nip attempts to implement public banking and other monetary reforms in the bud.

The BOE report confirmed what money reformers have been saying for decades: that banks do not act simply as intermediaries, taking in the deposits of “savers” and lending them to borrowers, keeping the spread in interest rates. Rather, banks actually create deposits when they make loans. The BOE report said that private banks now create 97 percent of the British money supply. The US money supply is created in the same way.

Graeber underscored the dramatic implications:

. . . Money is really just an IOU. The role of the central bank is to preside over a legal order that effectively grants banks the exclusive right to create IOUs of a certain kind, ones that the government will recognise as legal tender by its willingness to accept them in payment of taxes. There’s really no limit on how much banks could create, provided they can find someone willing to borrow it.

Politically, said Graeber, revealing these facts is taking an enormous risk:

Just consider what might happen if mortgage holders realised the money the bank lent them is not, really, the life savings of some thrifty pensioner, but something the bank just whisked into existence through its possession of a magic wand which we, the public, handed over to it.

If money is just an IOU, why are we delivering the exclusive power to create it to an unelected, unaccountable, non-transparent private banking monopoly? Why are we buying into the notion that the government is broke – that it must sell off public assets and slash public services in order to pay off its debts? The government could pay its debts in the same way private banks pay them, simply with accounting entries on its books. What will happen when a critical mass of the populace realizes that we’ve been vassals of a parasitic banking system based on a fraud – that we the people could be creating money as credit ourselves, through publicly-owned banks that returned the profits to the people?

Henry Ford predicted that a monetary revolution would follow. There might even be a move to nationalize the whole banking system and turn it into a public utility.

It is not hard to predict that the international bankers and related big-money interests, anticipating this move, would counter with legislation that locked the current system in place, so that there was no way to return money and banking to the service of the people – even if the current private model ended in disaster, as many pundits also predict.

And that is precisely the effect of the Trade in Services Agreement (TiSA), which was slipped into the “fast track” legislation now before Congress. It is also the effect of the bail-in policies currently being railroaded into law in the Eurozone, and of the suspicious “war on cash” seen globally; but those developments will be the subject of another article.

————

and it did pass or will..

here is a link to graebers article exposing the fraud of banking:

http://www.theguardian.com/commentisfree/2014/mar/18/truth-money-iou-bank-of-england-austerity

Henry Ford is supposed to have remarked that it was a good thing that most Americans didn’t know how banking really works, because if they did, “there’d be a revolution before tomorrow morning”.

Last week, something remarkable happened. The Bank of England let the cat out of the bag. In a paper called “Money Creation in the Modern Economy“, co-authored by three economists from the Bank’s Monetary Analysis Directorate, they stated outright that most common assumptions of how banking works are simply wrong, and that the kind of populist, heterodox positions more ordinarily associated with groups such as Occupy Wall Street are correct. In doing so, they have effectively thrown the entire theoretical basis for austerity out of the window.

To get a sense of how radical the Bank’s new position is, consider the conventional view, which continues to be the basis of all respectable debate on public policy. People put their money in banks. Banks then lend that money out at interest – either to consumers, or to entrepreneurs willing to invest it in some profitable enterprise. True, the fractional reserve system does allow banks to lend out considerably more than they hold in reserve, and true, if savings don’t suffice, private banks can seek to borrow more from the central bank.

The central bank can print as much money as it wishes. But it is also careful not to print too much. In fact, we are often told this is why independent central banks exist in the first place. If governments could print money themselves, they would surely put out too much of it, and the resulting inflation would throw the economy into chaos. Institutions such as the Bank of England or US Federal Reserve were created to carefully regulate the money supply to prevent inflation. This is why they are forbidden to directly fund the government, say, by buying treasury bonds, but instead fund private economic activity that the government merely taxes.

It’s this understanding that allows us to continue to talk about money as if it were a limited resource like bauxite or petroleum, to say “there’s just not enough money” to fund social programmes, to speak of the immorality of government debt or of public spending “crowding out” the private sector. What the Bank of England admitted this week is that none of this is really true. To quote from its own initial summary: “Rather than banks receiving deposits when households save and then lending them out, bank lending creates deposits” … “In normal times, the central bank does not fix the amount of money in circulation, nor is central bank money ‘multiplied up’ into more loans and deposits.”

In other words, everything we know is not just wrong – it’s backwards. When banks make loans, they create money. This is because money is really just an IOU. The role of the central bank is to preside over a legal order that effectively grants banks the exclusive right to create IOUs of a certain kind, ones that the government will recognise as legal tender by its willingness to accept them in payment of taxes. There’s really no limit on how much banks could create, provided they can find someone willing to borrow it. They will never get caught short, for the simple reason that borrowers do not, generally speaking, take the cash and put it under their mattresses; ultimately, any money a bank loans out will just end up back in some bank again. So for the banking system as a whole, every loan just becomes another deposit. What’s more, insofar as banks do need to acquire funds from the central bank, they can borrow as much as they like; all the latter really does is set the rate of interest, the cost of money, not its quantity. Since the beginning of the recession, the US and British central banks have reduced that cost to almost nothing. In fact, with “quantitative easing” they’ve been effectively pumping as much money as they can into the banks, without producing any inflationary effects.

and this sums it all up:

“Money is really just an IOU. The role of the central bank is to preside over a legal order that effectively grants banks the exclusive right to create IOUs of a certain kind, ones that the government will recognise as legal tender by its willingness to accept them in payment of taxes. There’s really no limit on how much banks could create, provided they can find someone willing to borrow it.”

401

“Death Star” laser weapon could protect world leaders from a drone attacks at Japanese G7 summit

•July 2, 2015 • 1 Comment

2A02E59300000578-0-image-a-1_1435350388552

1414683557951_wps_9_drone

http://www.dailymail.co.uk/sciencetech/article-3141013/Death-Star-laser-weapon-protect-world-leaders-drone-attacks-Japanese-G7-summit.html

World leaders attending the G7 summit in Japan could be protected by a radical new laser weapon.

Made by MBDA Germany, it can shoot drones out of the sky.

The firm said a 2013 incident where a mini drone crashed at a distance of only two meters from German Chancellor Angela Merkel during an election event held in Dresden, shows the need for the weapon.

World leaders attending the G7 summit in Japan could be protected by a radical new laser weapon.

Made by MBDA Germany, it can shoot drones out of the sky.

The firm said a 2013 incident where a mini drone crashed at a distance of only two meters from German Chancellor Angela Merkel during an election event held in Dresden, shows the need for the weapon.

Martinstetter warned ‘You can buy these things on the internet and easily put explosives on them but there is no efficient protection against them.

The system, which the German Ministry of Defense is part funding, envisages an external sensor like a radar spotting the target before a low power laser beam illuminates it for better targeting.

An optical sensor then locks onto the target and guides the laser.

The four, 10 kilowatt lasers are focused into one beam by a mirror. The sytems’ efficiency is about 30 percent, meaning that 400 to 500 kilowatts of battery power are required to produce the 100 kilowatt laser.

‘We have designed a system with six lasers and 8 to 10 is possible, but 4-6 is the best number for reasons of size,’ Martinstetter told Defence news.

The four laser, 100 kilowatt set-up would be mounted on the same type truck used to ferry the MEADS missile defense system, he said.

The firm plans to have the ability to knock out IEDs using a 5 to 20 kilowatt laser mounted on a vehicle at a range of less than 500 meters , as well as the ability to blind or destroy optics using a 5 kilowatt laser at a range of 2.5 kilometers.

Five years after the signing of a full development contract, the firm would be able to offer a counter piracy laser with a range of less than 1,000 meters using a 10-40 kilowatt laser.

————

“hey, you know those really cool things we use to kill and maim without us losing any personnel?..they might use them on us one day??!!..thats bullshit..fix it now!”

401

Greece becomes first developed nation to default on international obligations

•July 2, 2015 • Leave a Comment

greece-8.si

http://rt.com/business/270754-greece-bailout-imf-payment/

The International Monetary Fund has confirmed that it didn’t receive the €1.5 billion payment from Athens that was due by the end of June 30, Brussels time, as Greece becomes the first developed country to default on its international obligations.

IMF spokesman Gerry Rice said in a statement that Greece had asked for a repayment extension earlier on Tuesday and that the Fund’s board will consider it “in due course.”

The news hardly comes as a surprise. On Tuesday, Greek Finance Minister Yanis Varoufakis told journalists that Athens would not make the IMF debt payment on time.

Skipping a payment to the IMF is referred to as arrears – owed money that should have been paid earlier – in the terminology of the Fund. It should be officially reaffirmed by the IMF chief Christine Lagarde who in a month should notify the Executive Board of the Fund.

In fact, this could be classified as a default, as any other failure to pay its debt on time. This could trigger a cross-default on Greece’s multibillion-dollar commitments to the European Financial Stability Fund (EFSF). The IMF cannot issue new loans the country, which has arrears.

The question now is what’s next for the country’s financial system, the people and its membership in the Eurozone.

On Tuesday Greece asked the European Stability Mechanism (ESM) that includes all of the 19 Eurozone members for a new bailout that’ll cover the country’s financial needs during the next 2 years. The request included a restructuring plan for Greece’s debt to the European Financial Stability Facility (EFSF), which accounts for about 63 percent of the country’s total debt.

The Eurogroup refused to extend the bailout program to Greece, rejecting Greek Prime Minister Alexis Tsipras’ latest request for a new bailout, Finnish Finance Minister Alexander Stubb said on Tuesday.

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no its not a default..its “in arrears”..lol?

apparently tsipras blinked first and came with a last hour deal where he said yes to everything the creditors wanted but it was slapped down..and now he goes back to playing his role as the small guy fighting the establishment..

they dont regard argentina as developed?

401

Kenyan slum Mathare gets cheap water through ATMs

•July 2, 2015 • Leave a Comment

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http://www.bbc.com/news/world-africa-33223922

Residents of the Mathare slum area of Kenya’s capital, Nairobi, are now able to access water through an ATM-style dispenser.

People living in slums traditionally rely on vendors, who are expensive, or polluted sources to get drinking water.

But the new system, where people use a smart card, is designed to provide cheaper and cleaner water.

The water company is opening four of these dispensers in Nairobi and there are hopes the scheme will be expanded.

A version of the scheme has been used in rural areas in Kenya, but it is thought this is the first time that it will be used in an urban area.

Residents swipe the smart cards, topped up at a kiosk or through a mobile phone, at the dispenser and water starts flowing from the tap.

The Nairobi City Water and Sewerage company says it is charging half a Kenya shilling (half a US cent) for 20 litres of water.

This is much cheaper than the rates being charged by the water vendors, reports the BBC’s Abdullahi Abdi in Nairobi.

The dispensers have been set up through a partnership between the local government and the Danish water engineering company Grundfos.

The company says that this public-private partnership model could be developed in other countries.

Meanwhile in another part of Nairobi residents are complaining about a water shortage.

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a globalists utopian wet dream..water from an ATM..you cant make this up..

“Residents swipe the smart cards, topped up at a kiosk or through a mobile phone, at the dispenser and water starts flowing from the tap.”

401

Top CEO pay has increased by 54% since 2009

•July 2, 2015 • Leave a Comment

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http://www.epi.org/blog/top-ceo-compensation-soars-and-why-we-do-not-look-at-average-ceos/

Our new study shows the average compensation of CEOs in the largest firms was $16.3 million in 2014, up 3.9 percent since 2013 and 54.3 percent since the recovery began in 2009. More impressively, from 1978 to 2014, inflation-adjusted CEO compensation increased 997 percent, a rise almost double stock market growth and substantially greater than the painfully slow 10.9 percent growth in a typical worker’s annual compensation over the same period. Consequently, the CEO-to-worker compensation ratio was 303-to-1 in 2014, lower than the 376-to-1 ratio in 2000 but far higher than the 20-to-1 in 1965 and any time in the 1960s, 1970s, 1980s, or 1990s, as the Figure shows.

Our measure of CEO pay covers chief executives of the top 350 U.S. firms and includes the value of stock options exercised in a given year plus salary, bonuses, restricted stock grants, and long-term incentive payouts. (Full methodological details here)

Our analysis, which shows that CEO pay grew far faster than pay of the top 0.1 percent of wage earners (those earning more than 99.9 percent of wage earners), indicates that CEO compensation growth does not simply reflect the increased value of highly paid professionals in a competitive race for skills (the so-called “market for talent”). CEO compensation in 2013 (the latest year for data on top wage earners) was 5.84 times greater than wages of the top 0.1 percent of wage earners, a ratio 2.66 points higher than the 3.18 ratio that prevailed over the 1947–1979 period. The compensation gains of top CEOs were therefore equivalent to the wages of 2.66 very-high-wage earners.

Don’t worry about all this, says American Enterprise Institute scholar Mark Perry, because our sample, and those used by the Associated Press and the Wall Street Journal, is misleading. Looking at the compensation of CEOs in the largest firms, according to Perry, is not “very representative of the average U.S. company or the average U.S. CEO,” because “the samples of 300–350 firms for CEO pay represent only one of about every 21,500 private firms in the U.S., or about 1/200 of 1 percent of the total number of U.S. firms.” Perry notes, “According to both the BLS and the Census Bureau, there are more than 7 million private firms in the U.S.”

“We can get a more accurate and complete picture of CEO compensation in the U.S. by looking at wage data released recently by the Bureau of Labor Statistics in its annual report on Occupational Employment and Wages for 2014….In 2014, the BLS reports that the average pay for America’s 246,240 chief executives was only $180,700.”

This is a clever but misguided critique. Amazingly, roughly 16 percent of the CEOs in Perry’s preferred measure are in the public sector. Many others are in the nonprofit sector, including CEOs of religious organizations, advocacy groups, and unions. One wonders why Perry is not critical of the Bureau of Labor Statistics measure of CEO pay, since BLS reports there are only 207,660 private sector CEOs, far short of the 7.4 million there would be if each private firm had one. The shortfall of CEOs in the BLS data is understandable, however, once one recognizes that the average firm has only 20.2 workers (Caruso 2015, Appendix Table 1). The 5.2 million firms with fewer than 19 employees, averaging four employees per firm, probably do not have a CEO, nor probably do 2 million of the 2.4 million firms with more than 19 employees.

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nothing has changed..

401

China begins construction of Power of Siberia pipeline for gas delivered from Russia

•July 1, 2015 • 1 Comment

inside_project_of_power_of_siberia

http://rt.com/business/270352-russia-china-gas-pipeline/

China has officially started construction of its section of the eastern gas pipeline route known as the Power of Siberia that’ll deliver up to 38 billion cubic meters of Russian gas annually.

The welding of the first joint on the pipeline was part of the opening ceremony in China Monday. It was held near the Chinese city of Heihe of the northern Heilongjiang province bordering Russia. The pipeline will stretch as far as Shanghai.

Russian Prime Minister Dmitry Medvedev took part via a video link. He called the pipeline the world’s biggest infrastructure project.

The Vice Premier of the State Council of China Zhang Gaoli also took part in the ceremony via video link. He said that such large-scale projects are a good foundation for promoting a strategic partnership between the two countries and for social and economic progress.

The Power of Siberia gas pipeline is due to become fully operational in 2018 and will link with the Chinese gas infrastructure already in place, according to government papers.

In May 2014, Russia’s Gazprom and the China National Petroleum Corporation (CNPC) signed a 30-year framework deal to deliver 38 billion cubic meters of gas to China annually using the eastern route. The construction of the western pipeline named the Power of Siberia–2 ,that’ll deliver another 30 billion cubic meters of gas to China, will start soon Prime Minister Medvedev announced during the ceremony.

“I am sure that soon we will reach final agreement on building the second Russian-Chinese pipeline for gas deliveries via the Western route,” Dmitry Medvedev said.

————

“Russian Prime Minister Dmitry Medvedev took part via a video link. He called the pipeline the world’s biggest infrastructure project.”

really?

“The Power of Siberia gas pipeline is due to become fully operational in 2018 and will link with the Chinese gas infrastructure already in place, according to government papers.”

401

 
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