Suspicious Deaths of Bankers Are Now Classified as “Trade Secrets” by Federal Regulator

Interesting. As suspicious as O's Birth Certificate maybe.

(Left) JPMorgan's European Headquarters at 
25 Bank Street, London Where Gabriel Magee 
Died on January 27 or January 28, 2014

Wall Street On Parade
By Pam Martens
and Russ Martens
28 April 2014

It doesn’t get any more Orwellian than this: Wall Street mega banks crash the U.S. financial system in 2008. Hundreds of thousands of financial industry workers lose their jobs. Then, beginning late last year, a rash of suspicious deaths start to occur among current and former bank employees. Next we learn that four of the Wall Street mega banks likely hold over $680 billion face amount of life insurance on their workers, payable to the banks, not the families. We ask their Federal regulator for the details of this life insurance under a Freedom of Information Act request and we’re told the information constitutes “trade secrets.”

According to the Centers for Disease Control and Prevention, the life expectancy of a 25 year old male with a Bachelor’s degree or higher as of 2006 was 81 years of age. But in the past five months, five highly educated JPMorgan male employees in their 30s and one former employee aged 28, have died under suspicious circumstances, including three of whom allegedly leaped off buildings – a statistical rarity even during the height of the financial crisis in 2008.

There is one other major obstacle to brushing away these deaths as random occurrences – they are not happening at JPMorgan’s closest peer bank – Citigroup. Both JPMorgan and Citigroup are global financial institutions with both commercial banking and investment banking operations. Their employee counts are similar – 260,000 employees for JPMorgan versus 251,000 for Citigroup.

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Russia and Iran strike $10bn energy deal

America used to make deals, now they procrastinate and Russia mops up. As does China.

American sanctions sound good perhaps to some parties but clearly not Europe, but 10B in a power deal, 20B in an oil deal, and trade potential rising to 40B from 5B. Seems like a win win proposal before any backlash from Russia over new sanctions. And one can assume that USD will not be present. So whose lost opportunity is this?


It seems once upon a time America led the world in doing deals like this to grow the economy. What happened to this type of deal making?



RIA Novosti/Dmitry Astakhov

RT
28 April 2014

Iran and Russia are negotiating a power deal worth up to $10 billion. The construction of new thermal and hydroelectric plants and a transmission network are in the works.

Iran’s Energy Minister Hamid Chitchian met his Russian counterpart Alexander Novak in Tehran to discuss the power deals, according to the Mehr news agency. They include the possibility of Russia exporting 500 megawatts of electricity to Iran.

Moscow is discussing with Tehran the trade of 500,000 barrels a day of Iranian oil for Russian goods. The deal could be worth as much as $20 billion, and has rattled Washington because it could bring Iran's crude exports above a one million barrels a day which is the threshold agreed upon in the nuclear deal.

Tehran’s ambassador to Moscow Mehdi Sanaei said on Friday that the implementation of Iran-Russia energy agreements hold the key to economic expansion.

Sanaei underlined the importance of promoting of Iran-Russia cooperation and called for the implementation of oil, gas and electricity deals, according to Press TV.

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Russian and Ukrainian armies shaping up for initial military clash over Slavyansk

As the drumbeats of war are stirring how will it go if it kicks off? Ukraine will fold, NATO will get pounded, and the US will wimp out.

Oh how the big dogs have grown old and impotent now.



DEBKA file
27 April 2014

Russia and Ukraine were heading Sunday, April 27, for their first battle over the rebel-held flashpoint town of Slavyansk, debkafile’s military and US sources report. The outcome will determine who controls the Donetsk region and possibly all of East of Ukraine – the separatists or the provisional government in Kiev.

With a superior, professional and well-trained force armed with a preponderance of fire power, the Kremlin has several options to choose from for this engagement:

1. To order the 11,000 troops, based at Rostov on Don 40 kilometers from the Ukrainian border, to cross over and head for Slavyansk and Donetsk.

2. To send a tank column against the 15,000 Ukrainian troops deployed over the weekend around Slavyansk. According to Russian sources, the force from Kiev is armed with 160 tanks, 230 armored personnel carriers and 150 pieces of artillery and missiles.

3. To send warplanes and helicopters from the giant Russian airbase of Tsentralniy - a prospect gaining ground in recent hours. This action would broaden the engagement into a major war operation between Russia and Ukraine.

4. Moscow, Kiev and their backers may understand how such a war began, but once it is under way, no one can tell how it will end.

5. In the event of a major escalation, Moscow ill have to decide whether to throw into battle the special rapid deployment and paratroop units stationed at Tsentralniy, which are held ready for intervention in the Middle East and are now in reserve for action in Ukraine.

6. The Kremlin must decide whether to go for an overall invasion of Ukraine. debkafile’s military sources report that the force poised on the border is smaller than the 40,000 estimated by Kiev. It consists of 15,000 armored corps soldiers with T-72B tanks and one division each of infantry and paratroops.

A Russian invasion would bring about the partition of Ukraine between the Russian-controlled East + Crimea and the sector ruled by the pro-Western administration of Kiev.

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Bank of America Suspends Buyback and Dividend Increase

Bank of Numpty land more likely. Who cant make the cut now?


A Bank of America branch in New York.    Spencer Platt/Getty Images

The New York Times
DealB%k
By Michael Corkery
28 April 2014

Bank of America said on Monday that it was suspending its share buyback program and a planned increase in its dividend after it discovered flaws in the information it submitted to the Federal Reserve as part of the stress test process.

In a statement, the bank attributed the error to an incorrect adjustment related to the treatment of structured notes assumed in its acquisition of Merrill Lynch in 2009. As a result of the error, the bank said, its capital levels are lower than what it had disclosed to the Fed.

After the bank notified the Federal Reserve of the mistake, the Fed “is requiring the Bank of America Corporation to resubmit its capital plan and to suspend planned increases in capital distributions,” it said in a statement.

“The Federal Reserve can require a banking organization that is part of the annual Comprehensive Capital Analysis and Review (CCAR) program to resubmit its capital plan at any time if there is a material change that could potentially lead to an alteration in a firm’s capital position,” the statement said. “Bank of America must address the quantitative errors in its regulatory capital calculations as part of the resubmission and must undertake a review of its regulatory capital reporting to help ensure there are no further errors.”

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German Ship Captain Swamped in Debt Underscores Bank Risk

Reality is now coming home in the shipping business. A complete bloodbath is unfolding, one that will tremble throughout the whole supply chain of boat building. Many shipyards will go under as a result of a lost decade of shipping volumes and the advent of a new "silk" road via rail from China to Germany will only cause more hurt to the industry in lowering prices.

The Silk Road will be faster and cheaper reducing the need for ships and offering a faster cash turn around.

With it will go the shipping industry but with it along the route, new cities and industries will emerge. Time to think outside the box, but Germany and Russia will become very big new players now.


Shipping containers and container cranes are seen in the Port of Hamburg. Photographer: Krisztian Bocsi/Bloomberg

Bloomberg
By Nicholas Brautlecht
27 April 2014

Reederei Heinrich, a 149-year-old German shipping company, risks losing two of its three vessels unless it repays loans as financial stress in the industry spreads to banks facing a European Central Bank review.

The company, established near Hamburg, Germany’s biggest port, has endured misfortunes such as the death of a family member struck by anchor chains and ships that ran aground. Now General Manager Jens Robrahn says he’s concerned that HSH Nordbank AG may call in 22 million euros ($30 million) of outstanding debt and seize two boats acting as security.

“I currently get 4,000 euros a day for a vessel, which covers operational costs and interest payments, but I don’t have the money to pay back the loan,” Robrahn, 73, a ship captain, said in a phone interview from his office in Jork, 25 kilometers (16 miles) west of Hamburg. Smaller container vessels like his Anna Sirkka and Page Akia need to repay about 1 million euros in debt a year, he said. Robrahn and HSH Nordbank, the world’s largest maritime lender, declined to provide further details.

BP and Shell exposed as US prepares first warning shot against Russia's oil and gas industry

The G7 US dominated group appear to be backing moves to impair Russia's energy markets. That will just drive up Gas prices for the EU, not the smartest move.

Around 30 per cent of European gas comes from Russia and roughly half of it passes through the Ukraine     Photo: REUTERS

  • Firms may be forced to curtail operations as G7 powers prepare to launch new sanctions

The Telegraph
By Ambrose Evans-Pritchard
27 April 2014

Britain’s top energy companies face an extremely delicate situation as the world’s G7 powers prepare to launch the next wave of sanctions against Russia, and may be forced to curtail operations or freeze certain commercial ties with the country.

The US, Japan, Germany, Britain, France, Italy and Canada have agreed to "intensify targeted sanctions to increase the costs of Russia's actions" – possibly as soon as Monday – unless the Kremlin takes immediate steps to defuse the crisis in Ukraine.

The G7 is for now holding back Iranian-style "stage 3" sanctions against the whole Russian banking system, mining industry, or the oil and gas nexus. This nuclear option will be deployed only if Russia escalates from black operations in Eastern Ukraine to an outright invasion, said Alastair Newton, head of political risk at Nomura.

Yet diplomats say the Obama administration has the means to choke Russia's bond market and greatly disrupt the energy sector even under limited "stage 2" sanctions, and intends to do so in a step by step escalation.

Sources in Washington say the US Treasury may soon extend the black list to Igor Sechin, president of the oil giant Rosneft, the biggest traded oil company in the world. Any such move would be a costly headache for BP, which owns 19.75pc of Rosneft’s shares under a deal reached in 2012 ending its stormy misadventures in TNK-BP.

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Cyril Smith abuse: council may face cover-up investigation

Again the more exposure this gets the greater the chance of real investigations and arrests.


Cyril Smith was a Liberal, then Liberal Democrat, MP for Rochdale from 1972 to 1992. 
Photograph: Pa/PA Archive/Press Association Images

  • Greater Manchester police is examining whether to widen inquiry surrounding abuse of boys by the late Liberal MP

The Guardian
By Ben Quinn
28 April 2014

Police are reportedly reviewing whether there is evidence that alleged sexual abuse committed by the late Liberal MP Cyril Smith was covered up by individuals at Rochdale council.

An investigation is already under way into allegations that Smith raped boys at Rochdale's Knowl View residential school, which closed in 1992, and abused boys at the privately run Cambridge House children's care home, which closed in 1965.

Greater Manchester police is now examining whether to widen the force's inquiry to look into whether there was a coverup by individuals at Rochdale council, one of the local authorities that ran the Knowl View school.

Tim Farron, the president of the Liberal Democrats, said on Saturday that the party needed to answer serious questions about who knew that Smith faced allegations of sex abuse. Farron said a police investigation was the best way of dealing with the claims against the politician, who died in 2010 aged 82.

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Lib Dems must answer 'serious questions' over Cyril Smith, Tim Farron says

In a move which will shake the foundations of the British coalition government, its MPs are now demanding a full historical investigation into cover ups with sex abuses in Children's Homes. Thank God for the integrity and freedom of speech in Parliament to force home this new investigation and bring them all to justice.


Photo: REX FEATURES

  • The Liberal Democrat president Tim Farron said his party must find out who knew what about the allegations of sexual abuse against former MP Sir Cyril Smith

The Telegraph
By Miranda Prynne
26 April 2014

The Liberal Democrat president said his party must “answer serious questions” over who knew of the allegations of sexual abuse against its former MP Sir Cyril Smith.

Tim Farron, who was elected party president in 2010, insisted fears that Smith’s abuse of young boys was hushed up must be fully investigated.

His comments came just a day after the party leader Nick Clegg called for police to probe allegations that senior politicians had covered up decades of abuse by “an organised paedophile ring” at the heart of the British establishment, which included Smith.

In 2012, Greater Manchester police revealed Smith, a former Rochdale MP, who died in 2010 aged 82, had abused eight young boys at a hostel he helped run in the town in the 1960s.

Accusations later emerged of a "network of paedophiles" operating in the Commons who were protecting Smith.

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