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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (101449)6/23/2013 5:23:35 PM
From: TobagoJack  Respond to of 218879
 
i detect some introspection in the cnn report clipped below

i have little doubt that the introspection shall be silenced once evidence of young edward having also committed rape miraculously surfaces

edition.cnn.com
Lawmakers say tenuous alliance shaken further as Snowden lands in RussiaWashington (CNN) -- The fragile U.S.-Russia relationship -- already frayed by disagreements over Syria, Iran and nuclear arms -- showed another sign of strain Sunday, as American lawmakers blasted the country's President Vladimir Putin for allowing NSA leaker Edward Snowden to land in Moscow while evading U.S. espionage charges.

Snowden, who has admitted leaking top-secret information about government surveillance programs, left Hong Kong on Sunday and later touched down in Moscow, according to Wikileaks, which helped him travel. While Russia is not believed to be his final destination -- Ecuador's prime minister said Snowden applied for asylum in his country -- lawmakers on Sunday were quick to fault Putin for harboring a man the U.S. government desperately wants back.

"Putin always seems almost eager to put a finger in the eye of the United States, whether it is Syria, Iran, and now, of course, with Snowden," Sen. Chuck Schumer said on CNN's State of the Union. "That's not how allies should treat one another, and I think it will have serious consequences for the United States-Russia relationship."

That relationship was already showing signs of strain at last week's Group of Eight conference in Northern Ireland, where global leaders pressured Putin on his country's support of Syrian President Bashar al-Assad, which extends back to the Cold War and Assad's father. At a joint appearance that followed a bilateral meeting last week, Putin and President Barack Obama were tense and unsmiling and offered no indication their deep disagreements about the way forward in war-torn Syria were any closer to being resolved.

Later in the week, Obama publicly pressured Russia to join the United States in slashing its supply of nuclear weapons, saying both nations needed to "move beyond Cold War nuclear postures."

Obama delivered his remarks at the Brandenburg Gate in Berlin, which for decades symbolized the East-West divide.

On Sunday, however, the divide between the United States and Russia persisted. Schumer, a New York Democrat, suggested on CNN that Putin personally approved Snowden's landing in Moscow on Sunday.

"Very few are the areas in which he does cooperate (with the U.S.) these days. I think this action, Putin allowing Snowden to land in Russia and then go somewhere else, is going to have serious consequences for the U.S.-Russian relationship," Schumer said.

His characterization of Russia's stance was echoed by Republican Sen. Lindsey Graham, an infrequent ally of Schumer's, who spoke on "Fox News Sunday."

"I hope we'll chase him to the ends of the earth, bring him to justice and let the Russians know there will be consequences if they harbor this guy," said Graham, who represents South Carolina.

"They want to be part of the world community, the (World Trade Organization). They want a good relationship with the United States. They should hold this felon and send him back home for justice," Graham said. Russia joined the World Trade Organization last August after nearly two decades of negotiations. Before being admitted, it was the largest economy not represented at the global trade body.

As lawmakers spoke Sunday, it remained unclear where Snowden's final destination would be, though he was not expected to remain in Russia. Snowden's U.S. passport has been revoked, according to a source familiar with the matter, setting up any travel out of Russia to become a major diplomatic flashpoint.

"Persons wanted on felony charges, such as Mr. Snowden, should not be allowed to proceed in any further international travel, other than is necessary to return him to the United States," State Department Spokeswoman Jen Psaki said in a statement.

Earlier in June, Putin's spokesman Dmitry Peskov said Russia would consider a request for political asylum from Snowden, but that such a request from the NSA leaker had not yet been made.

Peskov, in an indication of the Kremlin's stance, also wrote on Twitter, "The U.S. security services were breaking the laws of their country by tapping phone calls and conducting Internet surveillance."

"Snowden, same as Assange, is a human rights activist," he continued, referring to WikiLeaks founder Julian Assange, currently holed up at the Ecuadorian Embassy in London, where he's been granted asylum.

Asked Sunday whether he believed Putin had advance knowledge of Snowden's travel plans, Rep. Mike Rogers, the Republican chairman of the House Intelligence Committee, said, "That wouldn't surprise me."

"Russia is a country that wants to get back on the world stage, and I don't think they really care if they do it in a way that's in the best interest of good citizenship around the world," Rogers said on NBC's "Meet the Press," citing Putin's stance on Syria and nuclear disarmament.

"I'm sure they would love to have a little coffee and a few conversations with Mr. Snowden," continued the Michigan Republican, referring to the Russians. "That's why this is so serious and why we need to be so aggressive in making sure that people understand the difference between somebody who betrays their country and gives secrets away that will protect American lives at the expense of whatever he hopes to gain in the company of the Russians."

Rogers' remarks underscored the debate between those who believe Snowden committed an act of treason and those who view him as a hero promoting greater government transparency. The debate has created unlikely alliances in Washington, where some Democrats find themselves on the same side as Republicans -- and opposite their base -- in calling for Snowden's arrest.

Rep. Nancy Pelosi, the House Democratic leader, was loudly booed and heckled at a conference of progressives Saturday when she asserted Snowden had broken the law. Earlier, she drew a distinction between lawmakers like herself, who oversee the nation's security, and privacy-minded citizens.

"I know that some of you attribute heroic status to that action," she said, referring to Snowden's leaks. "But, again, you don't have the responsibility for the security of the United States. Those of us who do have to strike a different balance."

"I don't think this man is a whistle-blower," another California Democrat, Sen. Dianne Feinstein, said on CBS' "Face the Nation." "Whatever his motives are, and I take him at face value, he could have stayed and faced the music. I don't think running is a noble thought."

That view was countered by Sen. Rand Paul, a libertarian-minded Kentucky Republican who has been one of the few U.S. lawmakers to praise Snowden. While he warned Snowden would be discredited if he "cozies up to the Russian government," Paul suggested the former CIA employee had lived up to his duty as a citizen by exposing what he felt were government misdeeds.

"I would say that Mr. Snowden hasn't lied to anyone. He did break his oath of office, but part of his oath of office is to the Constitution," Paul said on CNN, adding: "He was simply coming forward and telling the truth -- that your government was lying."



To: Haim R. Branisteanu who wrote (101449)6/23/2013 5:37:18 PM
From: skinowski1 Recommendation

Recommended By
dvdw©

  Respond to of 218879
 
I can guaranty that each spy agency around the world does the same and everyone in the intelligence community knows that, and more so they know who does what and how.

For a bureaucrat, it's safer and easier to spend a bunch of money on technology - than to recruit and run agents operating in the enemy camp. PC requires that the snooping must be universal - rather than focused on high probability targets. Taxpayer dollars, along with falling prices on technology, make this silliness possible. But as you say - like it or not, to some extent or other, everyone does it.

I think the use of the IRS in order to scare people away from grassroots political movements is a lot more damaging to the US political tradition and culture - and therefore, to the country in general. You can't have a healthy economy without a modicum of trust in the government.



To: Haim R. Branisteanu who wrote (101449)6/24/2013 12:03:48 AM
From: elmatador  Read Replies (1) | Respond to of 218879
 
Central banks told to head for exit and stop trying to spur a global economic recovery

“Can central banks now really do ‘whatever it takes’?” the BIS asked. “It seems less and less likely. Central banks cannot repair the balance sheets of households and financial institutions.”

Central banks told to head for exit

By Claire Jones, Economics Reporter

Central banks must head for the exit and stop trying to spur a global economic recovery, the Bank for International Settlements has said following a week of market turbulence sparked by the US Federal Reserve’s signal that it would soon cut the pace of its bond buying.

US Treasury markets, which saw yields hit their highest level in almost two years on Friday, face further challenges this week as they prepare to sell an extra $99bn of debt. After last week’s global sell-off, markets in the US will also be knocked by traders winding down for the end of the second quarter.

“One cannot reverse the Fed’s big bang moment,” said George Goncalves, strategist at Nomura Securities, adding that the scale of foreign demand for this week’s Treasury debt sales would be a crucial test of sentiment.

The BIS, which counts the world’s leading monetary authorities as members, said cheap and plentiful central bank money had merely bought time, warning that more bond buying would retard the global economy’s return to health. It used its influential annual report to call on members to re-emphasise their focus on inflation and press governments to do more to spearhead a return to growth.

The BIS report comes on the back of last week’s markets turmoil, fuelled by Fed chairman Ben Bernanke’s comments that the central bank could slow its $85bn monthly bond-buying programme this year and end it by mid-2014.

Often referred to as the central bankers’ bank, BIS said the global economy was “past the height of the crisis” and its goal was “to return still-sluggish economies to strong and sustainable growth”.

“Alas, central banks cannot do more without compounding the risks they have already created,” the BIS said, adding that delivering more “extraordinary” stimulus was “becoming increasingly perilous”.

“How can central banks encourage those responsible for structural adjustment to implement those reforms? How can they avoid making the economy too dependent on monetary stimulus? When is the right time for them to pull back ... [and] how can they avoid sparking a sharp rise in bond yields? It is time for monetary policy to begin answering these questions,” the report said.

Mario Draghi’s rallying cry, uttered last summer at the height of the eurozone turmoil, that the European Central Bank would do “whatever it takes” to preserve the currency bloc was now being misconstrued, it warned.

“Can central banks now really do ‘whatever it takes’?” the BIS asked. “It seems less and less likely. Central banks cannot repair the balance sheets of households and financial institutions.”

The BIS also railed against critics of eurozone austerity, saying there were “reasons to be sceptical” about arguments such as that of the International Monetary Fundthat higher fiscal multipliers meant governments’ assumptions about the trade-off between consolidation and growth had been too favourable. There was “no compelling evidence that [multipliers] are large enough to render fiscal consolidation more difficult [or actually self defeating].”

Stephen Cecchetti, head of the BIS’s monetary and economic department, said at the end of last month that the initial rise in yields for US Treasuries and stock market reaction following Mr Bernanke’s hints in May that the Fed would slow its asset purchases “should come as no surprise”.

Separately, the BIS said Jaime Caruana, its general manager, would remain in office until March 2017.

Mr Caruana said at the BIS annual meeting on Sunday: “Ours is a call for acting responsibly now to strengthen growth and avoid even costlier adjustment down the road ... Monetary policy has done its part. Recovery now calls for a different policy mix – with more emphasis on strengthening economic flexibility and dynamism and stabilising public finances.”

Additional reporting by Michael Mackenzie in New York

Copyright The Financial Times Limited 2013. You may share using our article tools.
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To: Haim R. Branisteanu who wrote (101449)6/24/2013 8:59:01 AM
From: Amelia Carhartt  Read Replies (1) | Respond to of 218879
 
Using the situation as another grand misdirection?