Eeyore's News and View

Iranian nuke plot vaporized in the city: NY banks unwittingly aided in material transfers, says DA
The Manhattan district attorney's office has smashed a sinister plot to smuggle nuclear weapons materials to Iran through unwitting New York banks, the Daily News has learned.
Officials plan to unseal a 118-count indictment Tuesday accusing a Chinese national of setting up a handful of fake companies to hide that he was selling millions of dollars in potential nuclear materials to Tehran.
"This case will cut off a major source of supply to Iran and it shows how they are going ahead full steam to get a nuclear bomb. Long-range missiles they pretty much have already," a law enforcement source close to the case said.
"We think it is one of the largest suppliers of weapons of mass destruction to Iran."
Experts say Iran, under the leadership of President Mahmoud Ahmadinejad, appears close to amassing enough nuclear material to make an atom bomb. A United Nations embargo bans Iran from acquiring the high-tech metals needed to make a long-range nuclear weapon a reality.
The indictment will outline the financial conspiracy behind 58 different transactions, including shipments of various banned materials from China to Iran between 2006 and late 2008.
Among them:
33,000 pounds of a specialized aluminum alloy used almost exclusively in long-range missile production.
66,000 pounds of tungsten copper plate, which is used in missile guidance systems.
53,900 pounds of maraging steel rods, a superhard metal used in uranium enrichment and to make the casings for nuclear bombs.
The recipient is believed to have been a subsidiary of the Iranian Defense Ministry.
The suspect, who is not believed to be in the U.S., set up four bogus import-export companies that did business with six Iranian shell firms, one source said.
"They took elaborate steps to conceal the identity of the shipper and the recipient," the source said.
The deals went through "several" New York banks, which cooperated when the alleged plot was uncovered.
"The New York banks were completely unaware," the source said.
Authorities first stumbled over the scheme seven months ago in an unrelated probe into Iranian money-laundering through Lloyd's, a British bank.
In January, Lloyd's paid a $350 million fine to settle accusations it "stripped" information from Iranian money transfers to New York banks, hiding where the cash came from.
Officials said they suspected that money was also used to finance Iran's nuke program.
"The important thing is to put sunlight on these deals," the law enforcement source said.
http://www.nydailynews.com/news/2009/04/07/2009-04-07_iranian_nuke_plot_vaporized_in_the_city_-2.html

I posted two articles from the 411man, today the first here and the other at the bottom of the page
The Economy Is Contracting A Lot More Rapidly Than The Government Is Reporting, Per TrimTabs
Posted by Tyler Durden at 3:53 PM
TrimTabs is out with their most recent employment data, which compares to the earlier ADP report, that the market forgot about after the first 30 minutes of trading. According to TrimTabs "the U.S. economy lost 700,000 to 750,000 jobs in March as wages and salaries plunged 4.5% year-over-year. TrimTabs estimated that the economy shed 4.3 million jobs in the past 12 months, the largest annual job loss since 1970."
"Job losses have been accelerating in recent months," said Charles Biderman, CEO of TrimTabs. "Investors who think the economy is bottoming out are going to get quite a shock this spring." TrimTabs uses daily income tax withholdings into the U.S. Treasury to estimate changes in employment. According to TrimTabs, the country lost 2.1 million jobs in the past three months and 3.4 million jobs in the past six months.
Much more interestingly, TrimTabs estimates that Joe Schmoe's conviction that the market has bottomed is translating into returns to good ole spending behavior and savings rates are in fact lower than reported, meaning the as savings rates inevitably run up, the pain for the economy will just get so much worse.
TrimTabs reported that the personal savings rate in February was much lower than the 4.2% reported by the Bureau of Economic Analysis. "Real-time income tax data indicates that personal income is plummeting and that the savings rate was no more than 0.9% in February," said Biderman. "The only reason the savings rate was positive was that income tax refunds were up sharply relative to last year."
And to add to the gloom and doom, which Zero Hedge does not disagree with, TrimTabs concludes: "The key macroeconomic and liquidity indicators TrimTabs tracks show no sign of a bottom for the economy. The economy is still contracting a lot more rapidly than the government is reporting."
http://frc4u.org/phpbb/index.php?topic=792.0;topicseen

Salmonella found in central Calif. pistachio plant
April 7, 2009 - 6:39am
FRESNO, Calif. (AP) - Federal officials confirmed Monday they found traces of salmonella in a central California pistachio processing plant that sparked a nationwide recall of the nut.
The Food and Drug Administration said state and federal inspectors discovered the bacteria in "critical areas" at Setton Pistachio of Terra Bella, Inc., the second-largest pistachio processor in the nation.
FDA officials also said they found places at the facility where raw and roasted nuts could have become cross-contaminated with salmonella.
Setton Pistachio, which sells its nuts to Kraft Foods Inc. and 35 other wholesalers across the country, temporarily shut down after voluntarily recalling more than 2 million pounds of nuts last week.
The company expanded its recall on Monday to include all raw and roasted pistachios from its 2008 crop. A company spokeswoman did not immediately return messages seeking further details.
"The company is working closely with the FDA on this matter and is cooperating fully," Setton spokeswoman Fabia D'Arienzo said in a statement. "Setton Pistachio of Terra Bella, Inc. is committed to quality products and consumer safety, and is taking aggressive action to prevent the need for any future recalls."
Federal regulators say consumers should avoid eating pistachios or foods made with the nuts until they can determine that they don't contain any nuts that Setton has recalled. The FDA on Monday also advised wholesalers, retailers, and operators of restaurants and food service establishments against selling or serving any pistachios or pistachio products until they can figure out whether they came from Setton.
No illnesses from consumers eating tainted pistachios have been reported.
The contamination was discovered by a Kraft manufacturer in Illinois, where workers doing routine testing found the bacteria in roasted pistachios about to go into trail mix. Officials traced the source back to the Terra Bella plant that supplied the nuts.
Pistachios are used in everything from ice cream to cake mixes, and the FDA believes more recalls are imminent.
Salmonella, the most common cause of food-borne illness, causes diarrhea, fever and cramping. Most people recover, but the infection can be life-threatening for children, the elderly and people with weakened immune systems.
Roasting is supposed to kill the bacteria in nuts. But problems can occur if the roasting is not done correctly or if roasted nuts are re-contaminated.
http://wtop.com/?nid=104&sid=1637137

Fed announces credit lines with 4 central banks
WASHINGTON (AP) — Five central banks in Europe, Japan and the United States have agreed currency swap lines that enable the Federal Reserve to provide euro, yen, sterling and Swiss francs to U.S. financial institutions, the Fed said Monday.
Under the agreement, the Bank of England, the European Central Bank, the Swiss National Bank and the Bank of Japan would offer their domestic currencies to the Fed for lending to U.S. financial institutions, should the need arise, the Fed said.
The Fed said it will provide up to $45 billion to the Bank of England, $108 billion to the European Central Bank, $99 billion to the Bank of Japan and $35 billion to the Swiss National Bank.
Under currency swap arrangements, which were common last fall when the credit crisis intensified, the Fed provides dollars in exchange for reserves of the other nations' currencies.
The credit lines are intended to improve credit conditions in global financial markets by increasing the international availability of U.S. dollars.
http://www.usatoday.com/money/economy/2009-04-06-fed-swap_N.htm

Found this one Posted by 411man at FRC
World Bank President Admits Agenda For Global Government http://www.infowars.com/world-bank-president-admits-agenda-for-global-government/
Paul Joseph Watson Prison Planet.com
Wednesday, April 1, 2009
World Bank President and Bilderberg elitist Robert Zoellick openly admitted the plan to eliminate national sovereignty and impose a global government during a speech on the eve of the G20 summit.
Speaking about the agenda to increase not just funding but power for international organizations on the back of the financial crisis, Zoellick stated, “If leaders are serious about creating new global responsibilities or governance, let them start by modernising multilateralism to empower the WTO, the IMF, and the World Bank Group to monitor national policies.”
In other words, give global institutions the power to regulate national policy as part of the creation of global government.
What Zoellick is outlining is essentially the end of national sovereignty and the reclassification of national governments as mere subordinates to a global authority that is completely unaccountable to the voting public of any country.
The more cynical amongst us would call this a global dictatorship. Zoellick couches the plan in flowery rhetoric of helping the poor and alleviating poverty, but as we have documented for years, the global elite’s goal of world government has little to do with saving the planet and everything to do with creating a global fascist state.
Zoellick, former Executive Vice President of Fannie Mae and advisor to Goldman Sachs, is a top elitist who was intimately involved in the Enron scandal and the 2000 presidential election debacle. He was also a signatory to the Project For A New American century document that called for invading Iraq as part of implementing a brutal world empire in 1998. He was later a foreign policy advisor to George W. Bush.
As to be expected, Zoellick is a member of the Council on Foreign Relations and the Trilateral Commission. He also attended the annual invitation-only conferences of the Bilderberg Group in 1991, 2003, 2006 and 2007.
Meanwhile, British Prime Minister Gordon Brown will use the G20 summit in London to extend an olive branch to China, offering them a central role in the construction of a new world order and a global government, according to reports.
“Brown will hold talks with Hu Jintao, China’s president, following discussions with Barack Obama, amid signs that developing countries see the G20 summit as a chance to impose a new world order and end the era of Anglo-European dominance,” reports the Guardian.
Under the proposal, China will vastly increase its IMF funding in return for more voting rights.
A central focus of the G20 summit will be the proposal to supplant the dollar with a new global currency. Both the IMF and the United Nations threw their weight behind the implementation of a new global reserve currency system to replace the dollar, in the same week that Treasury Secretary Timothy Geithner told CFR globalists that he was “open” to the idea.
China and Russia brought the issue to the forefront of this week’s G20 when they jointly called for a new global reserve currency a week ago.
Brown has consistently called for global regulation of the financial system as a means towards global governance. In a speech at St Paul’s Cathedral in London yesterday he again called for a new “global society”.
http://frc4u.org/phpbb/index.php?topic=750.0