As Japan seeks revival, hedge funds bet on horrifying bond bust

As Japan seeks revival, hedge funds bet on horrifying bond bust

News Link  •  Economy – International


06-13-2013 
• 
Japan Times 

Until a couple of months ago, Takashi Yamada had one of the most
genteel jobs in Japan. Now, his days are so harried he doesn’t have time
to eat lunch.

Yamada, 45, is a government-bond trader at major brokerage Daiwa Securities Co.

Shock-and-awe monetary policies, announced in April, have sent
Japanese government bonds, the nation’s equivalent of U.S. Treasury
notes, into a whirl of volatility.

“Our job is about interest rates, and that’s supposed to be like rice
in a meal, not steak, something basic but needed,” Yamada said, looking
weary and a bit out of breath, after nonstop juggling of bond selling
and buying on several monitors at his desk. “No one expected this.”

The sudden frenzy of his job underlines the growing fears about
Japan’s surging public debt. Bonds were long stable, which meant the
adjustments to bond trades or “positions” Yamada had to do were routine
and predictable. Not anymore.

The yield, or interest rate, on benchmark 10-year bonds shot up to 1
percent for the first time in a year late last month, although it later
headed back down. In the bond market, yields go up when prices drop, so
even tiny moves in those rates can translate into lots of yen made or
lost.

The lavish revival policies of Prime Minister Shinzo Abe, including
the Bank of Japan’s doubling the money supply in two years, are designed
to wrest the nation out of deflation and two decades of economic
doldrums.

But at the heart of “Abenomics” is a contradiction: Japan may not be
able to afford the inflation that Abe’s grand ambition hopes to ignite.

After years of deficits financed by sales of government bonds, public
debt is already twice the size of the economy and interest payments
consume a quarter of government spending. It is an unassailable reality
that if inflation goes up, so must interest rates and so, therefore,
must pressure on the bloated finances of a government atop the world’s
third-largest economy.

Although Abenomics has generally lifted Tokyo stocks and lowered the
yen, a boon for the giant exporters of Japan Inc., the bond market that
keeps Japan’s government afloat is growing ever nervous.

 

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Boycott these Monsanto-pandering factory ‘food’ companies

 
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Ford Energi Plug-In Hybrids Let You Choose Your Own ‘Eco Coach’

 
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The domain and name of this website are servicemarks of Ernest Hancock.
Website is Copyright © 2013 by Ernest Hancock.  All rights reserved worldwide.
Feature articles, columns, illustrations, and photographs are copyrighted and may not be
reproduced without the expressed permission of the credited writer, artist, or photographer.
No portion of this website, text, images, or source code may be framed on another website,
copied, reproduced, or distributed, by any means, without the written permission of
Ernest Hancock, 4886 W Port Au Prince Ln, Glendale, AZ 85306 USA.
 

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Third of all honeybee colonies in England did not survive winter

British Beekeepers Association attributes worst losses since survey began to washout summer leading to long winter, exacerbated by late spring

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More than a third of all honeybee colonies in England died over the winter, according to figures from the British Beekeepers Association, the worst losses since its winter survival survey began.

On average, 33.8 colonies in every 100 perished over the long winter of 2012-13 compared with 16.2% the previous winter. In the south-west of England, more than half of all colonies were wiped out and in the northern part of the country 46.4% didn’t survive.

In Scotland and Wales, honeybees fared no better. The Scottish beekeepers association, which has yet to complete its annual survey, predicts losses of up to 50%. And bee farmers in Wales have reported 38% losses.

The BBKA attributed the alarming high bee mortality to the poor weather during 2012 continuing into 2013 and exacerbated by the late arrival of spring.

“The wet summer prevented honey bees from foraging for food, resulting in poorly developed colonies going into winter. When they could get out there was a scarcity of pollen and nectar. Honeybee colonies which are in a poor nutritional state become more vulnerable to disease and other stress factors,” said a BBKA spokeswoman.

Many beekeepers also reported incidence of “isolation starvation”, when the cluster of bees in the hive becomes too cold to move close enough to eat their food stores in another part of the hive, and so starve.

But there are fears that the death toll for bees in England could be even higher, since the BBKA survey of 846 members closed at the end of March before the arrival of spring.

“April this year was very cold, and the start of May, so bees were confined to the hive for much longer and we still had bees dying from starvation in May. So losses could be much more serious,” said Glyn Davies, a beekeeper from Devon and former president of the BBKA.

He said the south-west was particularly badly hit because of the relentless rain. “It was the wet, wet, wet, wet summer followed by an enormously long winter. I’ve never seen anything like it in the 35 years I’ve been keeping bees,” said the 74-year-old beekeeper.

The winter bee losses come just weeks after EU member states voted for a suspension of three pesticides alleged to cause serious harm to bees.

Francis Ratnieks, professor of apiculture at University of Sussex, said pesticides weren’t the cause of the high bee mortality: “It was the worst summer ever. I had my own bees starving to death in the summer. It is nothing to do with pesticides; bad weather is enough of an explanation. It’s not healthy for bees to be trapped in their hives during the summer. Some queen bees couldn’t get out to mate and confined bees are more likely to get nosema [a gut parasite] and viruses from the varroa mite.”

When the BBKA survey began in 2007-08, winter bee mortality was 30.5%. Since then losses had been steadily falling.

The government’s National Bee Unit says its initial 2012-13 findings of around 30% winter bee losses are the highest recorded loss since its bee inspectors began to formally gather their own figures five years ago.

Mike Brown, head of the NBU, commented, “These figures are not surprising given the harsh winter and long cold spring which followed on from an extremely poor summer last year. The National Bee Unit has continued to offer colony husbandry advice to beekeepers through these prolonged periods of inclement weather.”

The Scottish government has announced £200,000 in funding to help bee farmers restock their colonies, but a Department for Environment, Food and Rural Affairs spokeswoman said: “We do not provide government money for restocking bees. We are working with beekeepers to provide support and training to help them ensure the health of their bees.”

Source Article from http://www.sott.net/article/262729-Third-of-all-honeybee-colonies-in-England-did-not-survive-winter

Study links women’s reproductive function to their immune status

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A new study conducted by researchers at the University of Illinois links women’s reproductive function to their immune status. Previously, studies have found this relation in human males, but this is the first study to find the association in females.

The study was led by Kathryn Clancy, an anthropology professor from the University of Illinois. According to Clancy, the first priority of the body is maintenance, consisting of tasks inherently related to survival that includes immune function. The energy that is left out is then contributed to reproduction. A balance has to be maintained between the resources allocated to maintenance and reproductive efforts, and environmental stressors can reduce these available limited resources.

The study participants consisted of a group of healthy, premenopausal and rural Polish women who had taken part in traditional farming practices. For this study, researchers collected the women’s urine and saliva samples during the harvest season, since during this time, physical activity levels are at their peak. Physical work is one of the factors that limits the available energetic resources. Previous studies have shown that the highest levels of ovarian suppression happened during the harvest season.

Researchers measured the participant’s salivary ovarian hormone levels daily over one menstrual cycle. They also tested the levels of C-reactive protein (CRP) in urine samples, as this is a commonly used marker of inflammation.

A negative relation between CRP and progesterone was noticed among the participants: those with high CRP had low progesterone. The strongest predictors of CRP levels were estradiol and the age of first menstruation.

“One is that there is an internal mechanism, and this local inflammation drives higher levels of CRP, and that is what’s correlating with the lower progesterone,” Clancy said in a press statement. “The other possibility is that there is an external stressor like psychosocial or immune stress driving allocation to maintenance effort, which in turn is suppressing ovarian hormones.”

With this study, the researcher hopes that women will be able to understand their bodies better. The details of the study appear in American Journal of Human Biology.

Source Article from http://www.sott.net/article/262728-Study-links-womens-reproductive-function-to-their-immune-status

Inspector who surveyed Philly building before collapse commits suicide

An inspector who surveyed a Philadelphia building before it collapsed last week, killing six people, has committed suicide, a city official confirmed.

Deputy Mayor Everett Gillison said 52-year-old inspector Ronald Wagenhoffer was found with a self-inflicted gunshot wound in a pickup truck Wednesday night. Wagenhoffer as a 16-year veteran of the Department of Licenses and Inspections and had inspected the building May 14. CBS station KYW reports that was the last inspection before the fatal accident.

Gillison says the department is in mourning and Wagenhoffer “did nothing wrong.”

Police said Wagenhoffer sent his wife a text message before shooting himself in the chest, according to KYW. His wife discovered the body at around 9 p.m. Wednesday. He was pronounced dead at the scene.

He also leaves behind a son.

The building was being demolished when it collapsed onto a neighboring Salvation Army Thrift Store on June 5, killing two employees and four customers. Police allege a heavy equipment operator was high on marijuana when it happened.

The city’s top prosecutor is convening a grand jury to look into the collapse.

Source Article from http://www.sott.net/article/262727-Inspector-who-surveyed-Philly-building-before-collapse-commits-suicide

Is Edward Snowden a hero? A debate with journalist Chris Hedges & law scholar Geoffrey Stone

Edward Snowden’s decision to leak a trove of secret documents outlining the NSA’s surveillance program has elicited a range of reactions. Among his detractors, he’s been called “a grandiose narcissist who deserves to be in prison,” (Jeffrey Toobin of The New Yorker), who’s committed “an act of treason,” (Democratic Senator Dianne Feinstein, chair of the Senate Intelligence Committee).

To supporters, Snowden is a hero for showing that “our very humanity [is] being compromised by the blind implementation of machines in the name of making us safe,” (author Douglas Rushkoff), one whom President Obama should “thank and offer him a job as a White House technology advisor,” (American Conservative editor Scott McConnell). We host a debate with two guests: Chris Hedges, a senior fellow at The Nation Institute and former Pulitzer Prize-winning foreign correspondent for The New York Times, and Geoffrey Stone, a professor at the University of Chicago Law School. Stone served as an informal adviser to President Obama in 2008, years after hiring him to teach constitutional law

Transcript

This is a rush transcript. Copy may not be in its final form.

NERMEEN SHAIKH: We turn now to a debate on Edward Snowden’s decision to leak a trove of secret documents outlining the NSA’s surveillance program. In an interview with The Guardian newspaper, Snowden described why he risked his career to leak the documents.

EDWARD SNOWDEN: I think that the public is owed an explanation of the motivations behind the people who make these disclosures that are outside of the democratic model. When you are subverting the power of government, that that’s a fundamentally dangerous thing to democracy. And if you do that in secret consistently, you know, as the government does when it wants to benefit from a secret action that it took, it will kind of get its officials a mandate to go, “Hey, you know, tell the press about this thing and that thing, so the public is on our side.” But they rarely, if ever, do that when an abuse occurs. That falls to individual citizens. But they’re typically maligned. You know, it becomes a thing of these people are against the country, they’re against the government. But I’m not. I’m no different from anybody else. I don’t have special skills. I’m just another guy who sits there, day to day, in the office, watches what happening – what’s happening, and goes, “This is something that’s not our place to decide. The public needs to decide whether these programs and policies are right or wrong.” And I’m willing to go on the record to defend the authenticity of them and say, “I didn’t change these. I didn’t modify the story. This is the truth. This is what’s happening. You should decide whether we need to be doing this.”

NERMEEN SHAIKH: Edward Snowden’s actions have elicited a range of reactions. Jeffrey Toobin of CNN and The New Yorker writes that Snowden is, quote, “a grandiose narcissist who deserves to be in prison.” Democratic Senator Dianne Feinstein, chair of the Senate Intelligence Committee, said that Snowden should not be considered a whistleblower because, quote, “what he did was an act of treason.” And Republican Senator Lindsey Graham of South Carolina tweeted, “I hope we follow Mr Snowden to the ends of the earth to bring him to justice,” language echoing what Senator Graham once said in the hunt for Osama bin Laden.

AMY GOODMAN: Meanwhile, Douglas Rushkoff wrote on CNN, quote, “Snowden is a hero because he realized [that] our very humanity was being compromised by the blind implementation of machines in the name of making us safe,” unquote. The editor of The American Conservative, Scott McConnell, wrote, quote, “If Obama wanted to do something smart, he should thank Snowden and offer him a job as a White House technology advisor.” And Pentagon Papers whistleblower Daniel Ellsberg sang Snowden’s praises, writing, quote, “In my estimation, there has not been in American history a more important leak than Edward Snowden’s release of NSA material – and that definitely includes the Pentagon Papers 40 years ago.”

For more, we host a debate on Edward Snowden. Is he a hero or a criminal, whistleblower or a traitor? Here in New York, we’re joined by Chris Hedges, senior fellow at The Nation Institute; was a foreign correspondent for The New York Times for 15 years, was part of a team of reporters that was awarded the Pulitzer Prize in 2002 for the paper’s coverage of global terrorism; author, along with the cartoonist Joe Sacco, of the New York Times best-seller Days of Destruction, Days of Revolt . His most recent article is called “The Judicial Lynching of Bradley Manning” at Truthdig.org.

And in Chicago, Illinois, we’re joined by Geoffrey Stone, a professor at the University of Chicago Law School. His recent piece for The Huffington Post is called “Edward Snowden: ‘Hero or Traitor’?” Stone served as an informal adviser to President Obama in 2008. In 1992, 20 years ago, Professor Stone hired Obama to teach constitutional law at the University of Chicago. Geoffrey Stone is also author of many books, including Top Secret: When Our Government Keeps Us in the Dark and Perilous Times: Free Speech in Wartime: From the Sedition Act of 1798 to the War on Terrorism.

Chris Hedges, Geoffrey Stone, we welcome you both to Democracy Now! Professor Stone, I want to begin with you. In your piece, you say that Edward Snowden’s actions were criminal. Can you explain why you feel he should be in jail?

GEOFFREY STONE: Well, there is a federal statute that makes it a crime for public employees who have been granted access to classified information to reveal that information to persons who are unauthorized to receive it. So, from a simple, straightforward, technical legal standpoint, there’s absolutely no question that Snowden violated the law. And from that standpoint, if he’s tried, he will be convicted, and he is in fact, from that perspective, a criminal. Whether one admires what he did is another question, but it doesn’t have anything to do with whether or not what he did was unlawful.

The question, why I think he deserves punishment, is – he said it actually himself in the clip that you played earlier: He said, “I’m just an ordinary guy.” Well, the fact is, he’s just an ordinary guy with absolutely no expertise in public policy, in the law, in national security. He’s a techie. He made the decision on his own, without any authorization, without any approval by the American people, to reveal classified information about which he had absolutely no expertise in terms of the danger to the nation, the value of the information to national security. That was a completely irresponsible and dangerous thing to do. Whether we think it was a positive thing in the long run or not is a separate question, but it was clearly criminal.

AMY GOODMAN: Chris Hedges, your response?

CHRIS HEDGES: Well, what we’re really having a debate about is whether or not we’re going to have a free press left or not. If there are no Snowdens, if there are no Mannings, if there are no Assanges, there will be no free press. And if the press – and let’s not forget that Snowden gave this to The Guardian. This was filtered through a press organization in a classic sort of way whistleblowers provide public information about unconstitutional, criminal activity by their government to the public. So the notion that he’s just some individual standing up and releasing stuff over the Internet is false.

But more importantly, what he has exposed essentially shows that anybody who reaches out to the press to expose fraud, crimes, unconstitutional activity, which this clearly appears to be, can be traced and shut down. And that’s what’s so frightening. So, we are at a situation now, and I speak as a former investigative reporter for The New York Times, by which any investigation into the inner workings of government has become impossible. That’s the real debate.

NERMEEN SHAIKH: Well, Chris, how do you respond to the point that Geoffrey Stone made and how Snowden identified himself as an ordinary guy? Should any regular government employee or contractor be allowed to disclose whatever information he feels the public ought to be privy to, whether it’s classified by the government and his employer or her employer or not?

CHRIS HEDGES: Well, if – that is what an act of conscience is. And reporters live – our sort of daily fare is built, investigative reporters, off of people who, within systems of power, have a conscience to expose activities by the power elite which are criminal in origin or unconstitutional. And that’s precisely what he did. And he did it in the traditional way, which was going to a journalist, Glenn Greenwald and The Guardian, and having it vetted by that publication before it was put out to the public. Was it a criminal? Well, yes, but it was – I suppose, in a technical sense, it was criminal, but set against the larger crime that is being committed by the state. When you have a system by which criminals are in power, criminals on Wall Street who are able to carry out massive fraud with no kinds of repercussions or serious regulation or investigation, criminals who torture in our black sites, criminals who carry out targeted assassinations, criminals who lie to the American public to prosecute preemptive war, which under international law is illegal, if you are a strict legalist, as apparently Professor Stone is, what you’re in essence doing is protecting criminal activity. I would argue that in large sections of our government it’s the criminals who are in power.

AMY GOODMAN: Professor Stone, your response?

GEOFFREY STONE: Well, first of all, there is, so far as I can tell from everything that’s been revealed, absolutely nothing illegal or criminal about these programs. They may be terrible public policy – I’m not sure I approve of it at all – but the fact is the claim that they’re unconstitutional and illegal is wildly premature. Certainly from the standpoint of what’s been released so far, whether Mr. Hedges likes it or not, or whether Mr. Snowdon likes it or not, these are not unconstitutional or illegal programs.

AMY GOODMAN: Let me go to a letter that you co-signed, Professor Stone, in 2006 with other prominent attorneys about NSA surveillance under President Bush. You were criticizing it. You wrote, quote, “Although the program’s secrecy prevents us from being privy to all of its details, the Justice Department’s defense of what it concedes was secret and warrantless electronic surveillance of persons within the United States fails to identify any plausible legal authority for such surveillance. Accordingly the program appears on its face to violate existing law.” How do you compare that to what we’re seeing today?

GEOFFREY STONE: They’re two completely different programs. The Bush NSA surveillance program was enacted in direct defiance of the Foreign Intelligence Surveillance Act. The Obama program, if we want to call it that, was approved by Congress. That’s number one. Number two is, the Bush program involved wiretapping of the contents of phone conversations. The Supreme Court has long held that that is a violation of the Fourth Amendment, if there’s not an individualized determination of probable cause. The Obama program, if we want to call it that, does not involve wiretapping; it involves phone numbers. And the Supreme Court has long held that the government is allowed to obtain phone records, bank records, library records, purchase records, once you disclose that information to a third party. And there is no Fourth Amendment violation. So they’re two completely different programs.

AMY GOODMAN: But if you just heard our conversation with the mathematician Susan Landau, she argued that often metadata is more revealing than the transcript of an actual conversation. Do you think the law should change, Geoffrey Stone, to include this metadata?

GEOFFREY STONE: Well, I’m not persuaded by her argument that it’s more revealing. I do believe that it’s problematic, and I think, in fact, there should be statutes that prohibit the gathering of this type of data by private entities, as well as by the government, in the absence of at least a compelling justification. And I thought the Supreme Court’s decisions initially on this question were wrong. So I would certainly want to see them differently. But in terms of what the law is, it’s not unconstitutional, it’s not illegal, and it’s completely different from what the Bush administration was doing.

NERMEEN SHAIKH: Chris Hedges, do you agree that –

CHRIS HEDGES: Well, there are plenty of lawyers who disagree with Professor Stone.

GEOFFREY STONE: Not many.

CHRIS HEDGES: Well, the ACLU has just issued a lawsuit over this, claiming that it’s a violation of the Fourth Amendment. So, I haven’t done a poll. Frankly, the legal profession, under this steady assault of civil liberties, can’t hold its head very high. There are a few out there, at the ACLU –

GEOFFREY STONE: Unlike – unlike the journalistic profession?

CHRIS HEDGES: – Michael Ratner and a few others. But, you know –

AMY GOODMAN: Geoffrey Stone, aren’t you on the board of the ACLU, or were you?

GEOFFREY STONE: I’m on the National Advisory Council.

AMY GOODMAN: Yes. So what do you think of them suing the government over this?

GEOFFREY STONE: I think it’s great. I think that they are perfectly right to bring the question. That’s their job. Their job is to challenge whether or not things are constitutional, to raise those questions. That’s exactly what they should be doing. Doesn’t mean they’re always right, but they should be presenting these questions to the courts. That’s their job. That’s their responsibility.

NERMEEN SHAIKH: Chris Hedges, one of the problems that people have pointed to is that there aren’t procedures or mechanisms in place for people within the government to point out wrongdoing when it does occur. Do you think that’s one of the problems that’s occurred in this case with Edward Snowden? Or, for that matter, your most recent article was on Army whistleblower, Private Bradley Manning.

CHRIS HEDGES: Well, we used to have a mechanism. It was called the press. And we used to be able to tell our sources that they would be protected and that they would not be investigated for providing information that exposed the inner workings of power. Unfortunately, the press, like most institutions in this country, and I would add the legal profession, has largely collapsed under this corporate coup d’état that’s taken place and is no longer functioning. And I want to get back, that what this is fundamentally a debate about is whether we are going to have, through the press, an independent institution within this country that can examine the inner workings of power or not. And it is now – I mean, many of us had suspected this widespread surveillance, but now that it’s confirmed, we’re seeing – you know, why did Snowden come out publicly? Well, because I think he knew that they would find out anyway, because they have all of Glenn Greenwald’s email, phone records and everything else, and they can very quickly find out who he was speaking to and whether Snowden had contact with him. And that – you know, I speak as reporter – is terrifying, because it essentially shuts down any ability to counter the official propaganda and the official narrative and expose the crimes. And we have seen in the last few years tremendous crimes being committed by those in power. We have no ability now to investigate them.

AMY GOODMAN: Professor Stone, let me ask you about whether the reporters from The Guardian and The Washington Post should be prosecuted. CNN’s Anderson Cooper put this question to Republican Congressmember Peter King of New York last night.

ANDERSON COOPER: As far as reporters who helped reveal these programs, do you believe something should happen to them? Do you believe they should be punished, as well?

REP. PETER KING: Actually, if they – if they willingly knew that this was classified information, I think actions should be taken, especially on something of this magnitude. I know that the whole issue of leaks has been gone into over the last month, but I think something on this magnitude, there is an obligation, both moral but also legal, I believe, against a reporter disclosing something which would so severely compromise national security.

AMY GOODMAN: Professor Stone, your response to what Peter King is saying?

GEOFFREY STONE: He’s just wrong. The Supreme Court, in the Pentagon Papers case, for example, made very clear that although Daniel Ellsberg could be prosecuted for – as a public official stealing information, that The New York Times and The Washington Post could not be restrained from publishing that information. The court has essentially held that although the government can control classified information at its source by prohibiting employees from revealing it, once the information goes out, it cannot then punish the press for publishing it. It’s a little bit odd as a system. But the idea is that, on the one hand, we have freedom of the press, which has to be preserved; on the other hand, the government has a legitimate interest in maintaining confidentiality at the source within the government itself. So, no, clearly, Greenwald and Reuters and so on, none of those can be – The Guardian, none of those can be punished, consistent with the First Amendment. That’s clear.

NERMEEN SHAIKH: Professor Stone, so do you believe that Edward Snowden’s position is comparable to Daniel Ellsberg’s position with the Pentagon Papers and that The Guardian played a comparable role to The New York Times?

GEOFFREY STONE: So, I think Snowden’s position, based upon what I know now, is much worse. Ellsberg revealed historical information that had really no appreciable threat to the national security. It was all old information about what the government had done in the past. And what Snowden has revealed is information about ongoing programs, which, we’re told, are extremely important to the national security, and we’re told that the revelation of those programs makes them far less efficient. That’s a very serious – potentially very serious harm to the nation. That was not the case in Ellsberg’s situation.

AMY GOODMAN: But, Professor Stone –

GEOFFREY STONE: So I think, from that standpoint, what –

AMY GOODMAN: Henry Kissinger said –

GEOFFREY STONE: Yes.

AMY GOODMAN: – Dan Ellsberg was “the most dangerous man in America,” so they certainly – at that time, they were telling us that what he was doing was threatening national security.

GEOFFREY STONE: He said that at the time before they had an opportunity to really reflect on what was released. Years later, or even weeks later, that was no longer the case. So, I think that those two situations are not remotely comparable, in terms of the harm that Ellsberg did to the country, which I think was trivial, relative to what Snowden has done, which arguably is far more serious.

Let me make another point about civil liberties here, by the way, that it’s extremely important to understand that if you want to protect civil liberties in this country, you not only have to protect civil liberties, you also have to protect against terrorism, because what will destroy civil liberties in this country more effectively than anything else is another 9/11 attack. And if the government is not careful about that, and if we have more attacks like that, you can be sure that the kind of things the government is doing now are going to be regarded as small potatoes compared to what would happen in the future. So it’s very complicated, asking what’s the best way to protect civil liberties in the United States.

CHRIS HEDGES: I have a very –

NERMEEN SHAIKH: Chris Hedges, could you –

CHRIS HEDGES: I just don’t buy this argument that, you know, this hurts national security. I covered al-Qaeda for The New York Times, and, believe me, they know they’re being monitored. The whole idea that somehow it comes as a great surprise to jihadist groups that their emails, websites and phone calls are being tracked is absurd. This is – we’re talking about the wholesale collection of information on virtually most of the American public, and the consequences of that are truly terrifying. At that point, we are in essence snuffing out the capacity of any kind of investigation into the inner workings of power. And to throw out this notion that it harmed – this harmed national security, there’s no evidence for that, in the same way that there is no evidence that the information that Bradley Manning leaked in any way harmed national security. It didn’t. What the security and surveillance state is doing is playing on fear and using that fear to accrue to themselves tremendous forms of power that in a civil society, in a democracy, they should never have. And that’s the battle that’s underway right now, and, frankly, we’re losing.

AMY GOODMAN: I wanted to ask you, Professor Stone, to reflect on Martin Luther King’s letter from Birmingham jail written April 16, 1963, when he said, “One who breaks an unjust law that conscience tells him is unjust, and who willingly accepts the penalty of imprisonment in order to arouse the conscience of the community over its injustice, is in reality expressing the highest respect for law.”

GEOFFREY STONE: Well, obviously, King –

AMY GOODMAN: Could you respond to that?

GEOFFREY STONE: Sure. Obviously, King is right. The question is whether it’s an unjust law. So, people who violate a law because they think it is unjust don’t necessarily fit within the letter from the Birmingham jail. King was talking about protesting racial segregation, and that’s a little bit different in terms of the moral status of it. Now, maybe it’s true. I mean, maybe Chris Hedges is right, and maybe that – that Snowden is a hero, and maybe this is all a fraud on the part of the government, this information serves no useful purpose, and it’s fundamentally important to the United States that it’s been revealed. Maybe that’s true. And if it turns out to be true, then I’ll be the first to say Snowden was a hero. But at the moment, I have absolutely no reason to believe that. And to say that some people act on legitimate conscience and therefore violate unjust laws is not to say that everyone who violates a law is Martin Luther King in the Birmingham jail.

AMY GOODMAN: I want to put that question to Chris, but I wanted to ask you, Geoffrey Stone, if you were Edward Snowden’s attorney, what arguments would you put forward for him right now?

GEOFFREY STONE: Legally, I don’t think he has – honestly, I don’t think he has any legal arguments that would be a defense to the charge that he violated the law about government contractors not disclosing classified information to persons who are not authorized to receive it. I don’t think he has a defense. Some people commit a crime, and they committed the crime. And I don’t know that there’s any defense sometimes.

AMY GOODMAN: Interestingly, Dan Ellsberg faced treason trial, but ultimately, the – he ended up being exonerated because of the illegal wiretapping that was done of him.

GEOFFREY STONE: Well, he wasn’t exonerated. In his case, the judge dropped the charges against him because the Nixon administration searched his psychiatrist’s office in violation of the Constitution, and the judge concluded that that was prosecutorial misconduct, and therefore dismissed the prosecution. If the government does something similar in Snowden’s case and the court finds that it’s a violation of his constitutional rights in the course of the investigation and dismisses the charges, that would be something, as his lawyer, I’d certainly want to know. But on the merits of the charge as they presently – as it presently stands, I think it’s a sentencing question, not a criminality question.

AMY GOODMAN: Chris Hedges, if you could respond to the King quote and the significance of what Snowden did?

CHRIS HEDGES: Well, without figures like Snowden, without figures like Manning, without figures like Julian Assange, essentially, the blinds are drawn. We have no window into what’s being done in our name, including the crimes that are being done in our name. Again, I – you know, having worked as an investigative reporter, the lifeblood of my work were figures like these, who had the moral courage to stand up and name the crimes that they witnessed. And these people are always, at the moment that they stand up – and even King, of course, was persecuted and reviled and denounced, hounded by J. Edgar Hoover, who attempted, through blackmail, to get him to commit suicide before accepting the Nobel Prize. Let’s not forget that all of these figures, like Snowden, come under this character assassination, which, frankly, I think Professor Stone is engaging in. And that’s not uncommon. That’s what comes with the territory when you carry out an act of conscience. It’s a very lonely and frightening – and it makes these figures, like Snowden, deeply courageous, because, I mean, the whole debate – traitor or whistleblower – for me, you know, hearing this on the press is watching the press commit collective suicide, because without those figures, there is no press.

AMY GOODMAN: I wanted to end with Professor Stone. You were an early adviser to President Obama. You gave him his first job at University of Chicago Law School. You were the dean of the University of Chicago Law School. What would you advise him today?

GEOFFREY STONE: I think there needs to be a really careful re-evaluation of the classification system. I – there’s no question that we wildly overclassify, and that creates all sorts of problems, both for the press and for the ability of the government to keep secrets, because if you try to keep everything secret, you don’t effectively keep very much secret. So I think that’s critical. I think there is a serious question about how we make the trade-off between security and privacy, and I think that that’s an issue that needs to be addressed carefully. Certainly, within the administration and within the government, to the extent there are genuinely secret policies that need to be kept secret, and I believe that perfectly possible, then I think that does not immunize them from serious debate by responsible people within the four corners of the administration, bringing in people who can have national security clearances to take the devil’s advocate position and challenge these issues. So I think there’s a lot that can and should be done, and I think that it’s easy to get swept up in the notion of security being the be all and end all. This is a nation that’s committed to individual privacy, to freedom of the press, to freedom of speech, and those values need to be respected. And I think government constantly has to be re-examining itself, because all the temptations are in the wrong direction.

NERMEEN SHAIKH: Professor Geoffrey Stone, before we conclude, I’d like to ask you about an article you wrote in 2011 for The New York Times called “Our Untransparent President.” You wrote, quote, “The record of the Obama administration on this fundamental issue of American democracy has surely fallen short of expectations. This is a lesson in ‘trust us.’ Those in power are always certain that they themselves will act reasonably, and they resist limits on their own discretion. The problem is, ‘trust us’ is no way to run a self-governing society,” end-quote. What’s your assessment of the comments that you made then relative to now and his – Obama’s record on transparency and civil liberties?

GEOFFREY STONE: Well, I think the comment was correct then, and I think it’s correct today. I think that there’s a temptation on the part of public officials to basically say, “We don’t to be hassled, we don’t want to be bothered, we don’t want to be criticized, so we’ll just do what’s in the best interest of the country, and we don’t have to tell anybody about it.” And that’s a huge danger in a democracy. And – but the fact that I accept that and passionately believe it does not mean that everything the government does in confidence and in secret should not be in confidence or in secret. The problem is where to draw the line.

So, yes, I would criticize the Obama administration, in general, for being overly concerned with secrecy and not being sufficiently transparent. The point I made earlier about overclassification is a good example. But at the same time, I do recognize that there are situations in which secrecy is critical, and the problem is being able to discern when that’s necessary and when it’s not. And to do that, you need to have people within the debate who are internally challenging the necessity for secrecy and confidentiality. I don’t think the Obama administration has done a very good job of that.

AMY GOODMAN: Chris Hedges, just 30 seconds, and I know that you were attending the Bradley Manning trial, but linking the two.

CHRIS HEDGES: Well, we’re talking about the death of a free press, the death of a civil society. This is far beyond a reasonable debate. We make the East German Stasi state look like the Boy Scouts. And if we don’t wrest back this power for privacy, for the capacity to investigate what our power elite is doing, I think we can essentially say our democracy has been snuffed out.

AMY GOODMAN: Chris Hedges and Geoffrey Stone, I want to thank you for being with us. Geoffrey Stone, former dean at the University of Chicago Law School, now professor there. His recent piece for The Huffington Post is called “Edward Snowden: ‘Hero or Traitor’?” Chris Hedges, longtime journalist, now senior fellow at The Nation Institute, foreign correspondent for The New York Times before that for 15 years, part of the team that won the Pulitzer Prize for coverage of global terrorism.

Source Article from http://www.sott.net/article/262726-Is-Edward-Snowden-a-hero-A-debate-with-journalist-Chris-Hedges-law-scholar-Geoffrey-Stone

Fire started by an explosion causes multiple injuries at Louisiana chemical plant

LAURA KNIGHT-JADCZYK AND JOE QUINN

Since the 9/11 attacks, no book has provided a
satisfactory answer as to WHY the attacks occurred and who was ultimately responsible for
carrying them out – until now.

BUY IT NOW!

Source Article from http://www.sott.net/article/262725-Fire-started-by-an-explosion-causes-multiple-injuries-at-Louisiana-chemical-plant

Key Gateways for Transformation of humanity (small ‘h’) to Hue-manity have been Opened and Stabilized

Mystery, wonder, guidance & inspiration from the realm of the divine to enrich the awakening soul as humanity ascends in individual & collective consciousness.

Source Article from http://feedproxy.google.com/~r/AscensionEarth2012/~3/CzCWTl6Uop0/key-gateways-for-transformation-of.html

PALESTINE NEWS | June 13, 2013

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Today’s News

Millions of  Palestinians can’t even go to pray in Jerusalem, but #F1 cars racing in the Holy City
https://twitter.com/iFalasteen/status

F1 car in Jerusalem joining the car race for injustice and apartheid that is going on right now! #BoycottFerrari
pic.twitter.com/D6ZSZGnpAS

Essential reading for Palestine activists! Main story: PSC demand answers from BBC DG
http://www.palestinecampaign.org/pscbbc1

‘Israel  injects Palestinian prisoners with dangerous viruses’
http://www.presstv.ir/detail/2013/04/20/299199/israel-injects-palestinians-with-viruses/#sthash.kViEB6M0.dpuf

Zionist colonists carried out 165 “price tag” attacks against Palestinians in a year
http://www.middleeastmonitor.com/news/middle-east/6275-jewish-settlers-carried-out-165-qprice-tagq-attacks-against-palestinians-in-a-year

Israeli MK Danon: “The Palestinian Future is In Jordan”
http://wp.me/p16sn9-zxw

#PalHunger | Four administrative detainees halt hunger strike following Israeli pledge
http://wp.me/p16sn9-zxt

On Palestinian footballer and hunger striker Mahmoud Sarsak and state of football
http://www.huffingtonpost.co.uk/john-wight/football-lost-its-soul_b_3433753.html

Jewish settlers escalate attacks on Palestinian properties in occupied West Bank
http://www.middleeastmonitor.com/news/middle-east/6274-jewish-settlers-escalate-attacks-on-palestinian-properties-in-occupied-west-bank

Dismantling Al-Aqsa: Israel initiates diggings near Al-Maghariba Gate for building of Jewish center
http://wp.me/p16sn9-zxf

Comfy reading your newspaper?
NOT COVERED BY COMPLICIT MSM
Over 1600 attacks by colonist settlers since dec 2010
http://occupiedpalestine.wordpress.com/category/settler-violence

DEAR UMMAH: TIME 2 ACT!
Israeli officer forces Palestinian to drink wine at gunpoint
http://t.co/KzIJnEhJNo

Breaking up Palestinian life so Israelis can live comfortably
http://jfjfp.com/?p=44690

Settlers Deface Christian Cemetery In Jaffa
http://www.imemc.org/article/65669
Dear @pontifex how long will the vatican remain silent?

A delegation of Israeli journalists entered Jerusalem’s al Aqsa compound
http://t.co/tMkJaufHCk

Israel puts settlements above peace with Palestinians
http://www.middle-east-online.com/english/?id=59449
HOLD THE PRESSES.

OVERVIEW DOA TALKS
http://storify.com/occpal/israel-not-looking-for-peace-nor-talks-but-this

Israel to Build More Settlements
http://feedproxy.google.com/~r/thedailybeast/latest/~3/7J1FuChmbCM/israel-to-build-more-settlements.html

Israel pushes plans for 1,100 settler homes
http://www.maannews.net/eng/ViewDetails.aspx?ID=604599

Gaza under Siege – Center for Research on Globalization
http://www.globalresearch.ca/gaza-under-siege-2/5338859

Does @FerrariMagazine know “Cars Became Weapons”: Israeli Settlers Deliberately Wound &  Kill by Hit & Run Attacks
http://sfy.co/ULo

GET SOME VISION ON THAT BLIND SPOT
Watch a video:
Another violent eviction by Israel
http://occupiedpalestine.wordpress.com/2011/10/06/israeli-occupation-police-brutally-evacuating-a-palestinian-family-in-jaffa-video/

Irish Christian Friends of Israel’s tacit support for Illegal Settlements cannot go unchallenged
http://t.co/g9FMoacAnd

.@AbirKopty tells me about being interrogated by Israeli police over a blog post she wrote
http://mondoweiss.net/2013/06/palestinian-activist-interests.html …

Israeli colonialism, permanent negotiations and the international community
http://www.alternativenews.org/english/index.php/politics/opinions/6623-permanent-negotiations-and-the-international-community.html

DO YOU KNOW
Every Red Dot on the map
Has been 1 of #Palestine’s towns
Eradicated from earth
http://t.co/XIZv2fxZ
Dear all. Do you know what ethnic cleansing of Palestinian Bedouin looks like?
A photo compilation of a demolition
http://occupiedpalestine.wordpress.com/2011/05/11/ethnic-cleansing-of-negev-in-pictures/

An Interview with the Lawyer (@StanleyCohenLaw ) Representing bin Laden’s Son-in-Law | VICE
http://www.vice.com/en_uk/read/talking-to-stanley-cohen-terror-lawyer-and-internet-folk-hero

As #US tries to revive peace talks Israel expands settlements
(as usual,now Bibi & Kerry with popcorn on the couch)
http://www.middleeastmonitor.com/news/middle-east/6277-as-america-tries-to-revive-peace-talks-israel-expands-settlements

Albawaba reporting is NO NEWS:
Israel minister says there will never be a Palestinian state
http://www.albawaba.com/news/israel-minister-says-there-will-never-be-palestinian-state-499199

Likud Program: Excerpts from the “Peace and Security” Chapter (Vanished from Knesset Website)
http://occupiedpalestine.files.wordpress.com/2012/02/likud-peace-and-security-excerpts-program.png

Likud:   “The Jordan river will be the permanent eastern border of the State of Israel.” & more:
http://storify.com/occpal/israel-not-looking-for-peace-nor-talks-but-this

Likud:”The Gov’t of Israel flatly rejects the establishment of a Palestinian Arab state west of the Jordan river” http://storify.com/occpal/israel-not-looking-for-peace-nor-talks-but-this …

The sole PROCESS going on
The Process of orchestrating DOA talks
Not for peace
But to buy time 4 Ethnic Cleansing
http://storify.com/occpal/israel-not-looking-for-peace-nor-talks-but-this

Palestine decries Israel’s new outposts plan – Aljazeera.com
http://t.co/QC2fZZQbEy

Against Begin-Praver: All the Facts About Bedouin Settlement of the Negev ~ by @rhreng
http://wp.me/p16sn9-zfv

Follow @rhreng (Rabbis for Human Rights) Website at
http://t.co/o4W9vqAS7V
For all activism against ethnic cleansing of Palestinian bedouin

Thousands of Arab Negev residents rally against Prawer Plan
http://wp.me/p16sn9-zxj

Attackers desecrate Palestinian Christian graves in Jaffa near Tel Aviv
http://wp.me/p16sn9-zxg

Gaza teen killed in motorcycle accident
http://www.maannews.net/eng/ViewDetails.aspx?ID=604659

Gaza teen killed in motorcycle accident
http://www.maannews.net/eng/ViewDetails.aspx?ID=604659

Settling = Still a warcrime by law but plans building 675 new housing units south of Nablus
http://wp.me/p16sn9-zx8

#PalHunger | Detainee Abu Khudair returns to hunger strike after IPS breaks its promise
http://wp.me/p16sn9-zx6

Settlers Deface Christian Cemetery In Jaffa
http://bit.ly/19u36T9

‘Medical ethics-free zone’: US doctors call to stop force feeding in #Gitmo
http://on.rt.com/5bw780

1354 Palestinian refugees killed in Syria so far
http://drah.ps/en/index.php?act=post&id=361

Break the Gag: Judge Refuses to Allow Israelis to Learn Identities of Bar Noar Murder Suspects ~ by @Richards1052
http://www.richardsilverstein.com/2013/06/13/break-the-gag-judge-refuses-to-allow-israelis-to-learn-identities-of-bar-noar-murder-suspects/

Israel’s occupation forces arrest shaikh Hussein Amro
http://www.qassam.ps/news-7115-Israeli_occupation_arrests_shaikh_Hussein_Amro.html

Settlers attack 2 Jerusalemites with knives
http://t.co/zmQ99labK6

Senior Israeli minister: Palestinians will be governed by Jordan
http://bit.ly/19tQrQ0 

Hamas accuses PA forces of thwarting reconciliation efforts
http://t.co/NwVQj5JZ1y

UNITE THE FIGHT AGAINST ZIONISM!
http://occupiedpalestine.wordpress.com/2013/06/13/unite-the-fight-against-zionism/

Kerry in US more settlements for the zionist celebration:
Israel to expand 2 settlements with 1000+ new housing units
http://goo.gl/fb/ztgqs

It’s TIME all religious people, serving the same & only Allaah SWT/G-d/God & end abuse of our religions by those who seek only worldly greed

Israel’s crimes Against Jews
http://wp.me/p16sn9-91H

Israel’s Crimes Against Africans
http://www.davidsheen.com/racism

Israel’s Crimes Against Christians
http://occupiedpalestine.wordpress.com/2011/04/24/crimes-against-christianity/

Kerry is so confident his efforts will be fruitful he has asked the EU to halt its own peace-seeking efforts for now
http://www.israelhayom.com/site/newsletter_article.php?id=9941

TODAY: General strike of Bedouin-Palestinians in Israel
#PrawerPlan http://www.alternativenews.org/english/index.php/features/updates/6617-today-general-strike-of-bedouin-palestinians-in-israel-.html
via @aicnews

Yesterday some Jewish people were shocked seeing these photos & video: How Israel assaults Jewish people, even rabbis
http://wp.me/p16sn9-91H

Shocking video of #NWO Zionist Jews admitting they want to destroy every none jew
http://www.youtube.com/watch?v=-Iyj6UPCChA …

UN Watch also attacking Richard Falk
http://www.thecommentator.com/article/3746/u_s_wants_resignation_of_anti_israel_united_nations_representative

Jewish settlers use knives in assaulting Jerusalemite old woman, young man
http://wp.me/p16sn9-zwJ

Israel to expand West Bank settlement of Itamar in a move seen as a major insult to Kerry, USA.
http://www.haaretz.com/news/diplomacy-defense/despite-u-s-peace-push-israel-pursuing-expansion-of-west-bank-settlement.premium-1.529439

Shame on Jordanian gov’t for supporting Jewish Supremacy by helping Israel deport refugees because they’re not Jewish
http://www.haaretz.co.il/news/education/.premium-1.2045233

US Campaign to end the occupation(s) by Israel
DEMAND A REFUND!
http://demandarefund.org/

Hamas hunger strikers moved to isolation cells
http://bit.ly/18zr4No

2012: Spain increases military exports to Israel
http://www.alternativenews.org/english/index.php/features/updates/6611-2012-spain-increases-military-exports-to-israel.html …

Turkey, England boycott Haifa’s International Writers Football Tournament
#BDS http://www.alternativenews.org/english/index.php/features/updates/6613-turkey-england-boycott-haifas-international-writers-football-tournament.html

Unlucky for some? Caterpillar Board Member to Address Washington Uni Class of ’13
http://jewssansfrontieres.blogspot.co.uk/2013/06/unlucky-for-some-caterpillar-board.html

Remember Um Muhammad, whose injured son Harvard researchers in Shatila didn’t want to hear about? An update:
http://bit.ly/13UQMFw

VIDEO | Tens of thousands Jews protesting the State of Israel in NYC ~ by @netureikartausa
http://occupiedpalestine.wordpress.com/2013/06/13/video-tens-of-thousands-jews-protesting-the-state-of-israel-in-nyc-by-netureikartausa/

VIDEO | Breaking the Silence: Looting and Bribery
http://wp.me/p16sn9-zwG

US Congress is owned by Israel. Conspiracy, for sure, but conspiracy FACT, not theory
http://www.youtube.com/watch?v=rzXS3tmZrcU

Suspicion and Hate: Racist Attacks On Arabs Increase in Israel
http://bit.ly/13YWZR0

Afrikanische Flüchtlinge in Israel: Letzte Ausfahrt Tel Aviv
http://www.spiegel.de/politik/ausland/israel-in-tel-aviv-landen-viele-afrikanische-fluechtlinge-a-904236.html

Now in ENG: Even 1 hour per week of anti-racism education is deemed too much for Israeli lawmakers, who voted it down
http://www.haaretz.com/news/national/knesset-rejects-bill-promoting-education-against-racism-in-schools.premium-1.529438

FOR A VERY THOROUGH WAKEUPCALL
About #Israel’s Racism against Africans

→ @Davidsheen’s web: Reports, Video & More
http://www.davidsheen.com/racism

165 “Price Tag” Attacks Carried Out This Year
via. @imemcnews
http://www.imemc.org/article/65665

CCM stand unshaken on Palestine rights – Daily News
http://dailynews.co.tz/index.php/local-news/18591-ccm-stand-unshaken-on-palestine-rights

Israeli Involvement in NSA Spying by Stephen Lendman June 9, 2013 It doesn’t surprise. On June 8, Haaretz…
http://tmblr.co/ZVryVsnDs4qh

VIDEO | Tens of thousands Jews protesting the State of Israel in NYC  ~ by @netureikartausa
http://wp.me/p16sn9-zwC

Turkey labels Israel terrorist state for Gaza offensive – India Today
http://indiatoday.intoday.in/gallery/turkey-calls-israel-terrorist-state-for-offensive-in-gaza-strip/1/8221.html

For who forgot
How Israel’s assaults on Gaza look like:
Cast Lead:
http://nevercastleadagain.wordpress.com/in-pictures

And the recent assaults
http://wp.me/p16sn9-b1M

Behinderte im Gaza-Streifen: Der Traum vom Leben ohne Grenzen
http://www.spiegel.de/politik/ausland/till-mayer-ueber-menschen-mit-behinderung-im-gaza-streifen-a-903415.html

Legislator Abdul-Jabbar Foqaha Moved To Administrative Detention
http://www.imemc.org/article/65663

Israel pushes plans for 1,100 settler homes
http://bit.ly/19u1nNA 

Source Article from http://occupiedpalestine.wordpress.com/2013/06/13/palestine-news-june-13-2013/