Daily Archives: April 8, 2015

ZeroHedge – Germany Slams “Stupid” Greek Demands For “Incomprehensible” €278 Billion In Reparations – 8 April 2015

ZeroHedgeYesterday we reported that in what may have been an attempt to stun the world, if not so much Germany, with the law of large numbers, Greece calculated that Germany owes it a whopping €278 billion in World War II reparations, or about a third of what Germany reported was its GDP in the fourth quarter. Unfortunately for Greece, Germany does not appear to be rushing to wire the funds. As Reuters reported earlier today, Germany’s economy minister had one word for the Greek demand: “stupid.”

Read the full story at: www.zerohedge.com / link to original article

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Judge: CIA Pakistan Ex-Station Chief Wanted Over Deadly 2009 Drone Strike – 8 April 2015

RT logoIslamabad wants a former CIA station chief in Pakistan to stand trial on murder charges over a 2009 strike that killed at least three people, as well as waging war inside the country.

Justice Shaukat Aziz Siddiqui, of the Islamabad High Court, ruled Tuesday that Jonathan Banks, the former CIA station chief in Islamabad, and John A. Rizzo, a CIA lawyer, should be held legally accountable for a December 2009 drone strike that reportedly killed at least three people.

The court order is unlikely to become more than a symbolic gesture since both Banks and Rizzo quit the country back in 2010 after Karim Khan, a Pakistani journalist, pressed charges against Banks over the aerial strike on his home in North Waziristan that allegedly killed his brother and son, both government employees.

Read the full story at: www.rt.com / link to original article

Stargate Mountain: Pentagon Moves Comm Gear Back To Cold War-Era Bunker – 8 April 2015

RT logoThe United States’ airspace defense military is planning to move its communications equipment back to its iconic nuclear Cold War-era bunker which was abandoned nearly a decade ago, the head of the agency announced.

The Cheyenne Mountain bunker in Colorado Springs, which was the filming location for the popular Stargate SG-1 science fiction TV series, was first built in 1965 to resist a Soviet nuclear attack. It was a key center for United States Space Command and North American Aerospace Defense Command (NORAD), which scanned Canadian and US airspace via a worldwide system of missiles.

The site was abandoned in 2006 due to heavy costs, and since then the complex has been merely on “warm standby,” meaning it is only staffed when required.

Read the full story at: www.rt.com / link to original article

ZeroHedge – Why The Oil Price Collapse Is The Fed’s Fault – 8 April 2015

ZeroHedgeSubmitted by Arthur Berman via OilPrice.com,

The present oil price collapse is because of over-production of expensive tight oil. The collapse occurred because of the inability of the world market to support the cost of the new expensive oil supply from shale, oil sands and deep water. Demand was progressively destroyed during the longest period of sustained high oil prices in history from 2010 through 2014.

Read the full story at: www.zerohedge.com / link to original article

Major Emergency In LA As Over 100 Firefighters Battle Huge Blaze – 8 April 2015

RT logoAt least one person has been injured in a strong fire that broke out on the top floor of a commercial building in Westlake, Los Angeles, local media reported. More than 100 firefighters are battling the blaze, which was given major emergency status.

The six-stories high building on fire is in the 1543 block of West Olympic Boulevard. The LA Fire Department said the fire is currently under control, but has not been extinguished.

Read the full story at: www.rt.com / link to original article

‘Endless & Vicious Cycle’ Of Misdemeanor Charges Targeting America’s Poor – Report – 8 April 2015

RT logoStrapped for cash after the 2008 financial crisis, local governments are bilking the poor through elaborate schemes of “offender-financed criminal justice services,” according to a new report by the Institute of Policy Studies.

The report argues that while there has always been prejudice and stigma about poverty in the US, the criminal justice system expanded misdemeanor charges in the midst of the financial crisis, which led to an increase in fees, fines and court charges that can be levied.

As state and local budgets were squeezed following the 2008 recession, local authorities all over the country levied more fines and fees on those people least able to pay – and aggressively pursued them,” said Karen Dolan, an IPS fellow and lead author of the report, titled, ‘The Poor Get Prison: The Alarming Spread of Criminalization of Poverty.’

Read the full story at: www.rt.com / link to original article

Steve Lendman – Greek Prime Minister Alexis Tsipras In Moscow – 8 April 2015

StevelendmanOn April 8, Tsipras and Putin will discuss boosting cooperative economic and political relations between both countries – in areas of trade, energy and possible Russian financial support helping Greece deal with its debt crisis.

Putin spokesman Dmitry Peskov confirmed these and related issues will be discussed. An anonymous Kremlin source told the daily Kommersant newspaper:

“We are ready to discuss the issue of providing Greece with a discount on gas: under the contract, its price is tied to the price of oil, which has dropped significantly in recent months.”  Continue reading