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Sunday, September 30, 2012

Violent Anti-Austerity protests continue!

Published on Sep 30, 2012 by 
Protests against biting spending cuts continue throughout Europe, as people vent their anger over bailout sponsored austerity. Mass demonstrations in Madrid turned to violence earlier this week, as police were forced to fire rubber bullets to calm the fury of the public. There've been dozens of injuries and arrests. RT's Jacob Greaves has been following developments.

Saturday, September 29, 2012

The best Hackers work for Governments, mostly the US Govt. because they can afford to pay them the most! Almost all Cyber-attacks are State sanctioned!!!

Published on Sep 29, 2012 by 
As the internet becomes more readily available across the Arab world, it's giving rise to a generation of hackers - eager to break free of government censorship with the help of cyber weapons. But as RT's Paula Slier reports, some activists could end up being used by the authorities to pull the strings and promote their own agenda.

Big Brother is Watching you - And there ain't no place left to hide!

EDITOR'S NOTE: George Orwell 1984 has become synonymous with the term 'Police State'. Even Orwell could not possibly have visualized the extent to which modern technologies would make it possible for Big Brother to watch us. The apparatus of forming the most fearsome Police State in the history of mankind already exists, the only thing left is for Big Brother to come out of shadows and openly declare the arrival of the modern day Police State that would make Nazi Germany and Soviet Russia look like paragons of Freedom and Equality!

Good intentions will always be pleaded for every assumption of power.” – Daniel Webster, United States Senator and Secretary of State (1782-1817)
I see a lot of articles about the massive growth of surveillance and loss of privacy. The authors of the articles often say they’re concerned that a “big brother” society might be the result of it.
Might?  You can absolutely count on it!  If you’re a betting person you can bet big and win big, if you can find anyone gullible enough to take your bet, that is.
Technology gives authorities more power and I think we all know authorities love power.  That’s why they’re authorities.  People in positions of authority have more privileges and perks than the rest of us.
From some Barney Fife-type right up to the president, people who get power like it. They want to keep it, and they want more of it.  And that is precisely what technology does.
Take the Transportation Security Administration (TSA) agents for example.
One day they are unemployed, then they answer an ad on a pizza box and almost overnight they have real authority, real power, and they can instantly turn your life into a nightmare.
If one of those minimally trained rookies singles you out as suspicious because of something they thought they felt when they groped you, or a shadow they thought they saw in your x-ray, the full weight of the legal system can come down on you immediately – including handcuffs, strip searches, and detention.
So in essence, everyone in the chain of authority is your master, no matter how low their official rank may be, because they can cause armed police to appear and take you away.  People with very little training, no knowledge of the law, and no actual police experience now have enormous power over all of us.  To make matters worse, the TSA is expanding its operations.
George Orwell, author of the novel Nineteen Eighty-Four, wasn’t clairvoyant, he was just wide awake.  He could see technology advancing, and being keenly aware of human nature, he knew what was coming.  And it is.
Continue Reading: Big Brother is Already Here

Louisiana Sinkhole Up Close -Growing And Can't Be Stopped

Published on Sep 28, 2012 by 

The Coming ARAB SPRING in Saudi Arabia and how it will send oil to $300 a barrel

By Marin Katusa, Casey Research

There is little that would rock the oil world more than a revolution in Saudi Arabia.
But with a coming leadership crisis, it is becoming all too likely.
Saudi is facing major economic challenges as dramatic increases in social spending and domestic fuel consumption eat through the kingdom's all-important oil revenues.
Saudi Arabia is smack in the middle of the Middle East, an ever-tumultuous region currently rocking and rolling more than usual as the Arab Spring challenges longstanding autocratic assumptions, while war-torn Syria and defiant Iran tip the delicate Sunni-Shia religious balance in the world's most important oil region.
While the House of Saud might present itself as a stable, strong, and cohesive royal family, in truth the king and his successors are growing old and incapacitated in a throne room full of competing contenders. Meanwhile, the only other organized social group in the country – the Islamists – are waiting just outside the door.

Want to see oil at $300 a barrel?

To see $300/bbl oil, or to watch the news as Saudi troops attack Tehran, or to see a stranglehold on US oil imports, watch what a failed succession battle in the House of Saud that ends up destroying the whole family and ushering in an Islamist age in Saudi Arabia would do to the price of oil.
It could happen sooner than you think.

A Shaky House of Saud

Friday, September 28, 2012

The UN wants Global Taxation - Who gave them the power to tax??? Or is it just another Banker front for robbing the Middle Class?

A 1 percent tax on billionaires around the world.  A tax on all currency trading in the U.S. dollar, the euro, the Japanese yen and the British pound sterling.   Another  “tiny”  tax on all financial transactions, including stock and bond trading, and trading in financial derivatives.  New taxes on carbon emissions and on airline tickets.  A royalty on all undersea mineral resources extracted more than 100 miles offshore of any nation’s territory.
The United Nations is at it again:  finding new and “innovative” ways to create global taxes that would transfer hundreds of billions, and even trillions, of dollars from the rich nations of the world — especially the U.S. — to poorer ones, in line with U.N.-directed economic, social and environmental development.
These latest global tax proposals have received various forms of endorsement at U.N. meetings over the spring and summer, and will be entered into the record during the 67th  U.N. General Assembly session, which began this week. The agenda for the entire session, lasting through December, is scheduled to be finalized on Friday.
How to convince developed countries wracked by economic recession and spiraling levels of government debt – especially the U.S. — is another issue, which the world organization may well end up trying to finesse. 
As the U.N. itself notes, in a major report on the taxation topic titled, “In Search of New Development Finance” -- the main topic at a high-level international meeting of the U.N.’s Economic and Social Council (ECOSOC) this summer -- “These proposals are subject to political controversy. For instance, many countries are not willing to support international forms of taxation, as these are said to undermine national sovereignty.”

Read more:

Israeli PM Netanyahu's speech to UN: Continues to threaten war with Iran!

Israeli Prime Minister Benjamin Netanyahu draws a red line on a graphic of a bomb as he addresses the 67th United Nations General Assembly at the U.N. headquarters in New York September 27, 2012. REUTERS/Lucas Jackson

(Reuters) - Prime Minister Benjamin Netanyahu's U.N. speech about Iranian nuclear advances has dampened speculation in Israel that he could order a war this year. 
Analyzing Thursday's address in which Netanyahu literally drew a "red line" on a cartoon bomb to show how close Iran was to building nuclear weaponry, commentators saw his deadline for any military action falling in early or mid-2013, well after U.S. elections in November and a possible snap Israeli poll.
"The 'decisive year' of 2012 will pass without decisiveness," wrote Ofer Shelah of Maariv newspaper on Friday.
Without explicitly saying so, Netanyahu implied Israel would attack Iran's uranium enrichment facilities if they were allowed to process potential weapons-grade material beyond his red line.

Anti-Austerity protests hit Italy: Italian workers kickoff anti-austerity general strike

Students march during a protest in Rome on September 28, 2012 against the government plans on financial cuts and spending review (AFP Photo / Filippo Monteforte)
Students march during a protest in Rome on September 28, 2012 against the government plans on financial cuts and spending review (AFP Photo / Filippo Monteforte)
Hundreds of Italians gathered for a general strike staged by two of the nation’s largest labor unions, protesting recent harsh austerity measures. The walkout came days after thousands hit the streets of Athens and Madrid for similar protests. Throngs of protesters – ranging from university professors, public administration and health employees, and garbage collectors – took to the streets of Italy on Friday as part of a strike organized by the Italian General Confederation of Labor (CGIL) and the Italian Union of Labor (UIL). "Stop hitting the weakest. We have already given enough," the unions wrote on their websites.
The demonstrators railed against the austerity measures enacted in August by Prime Minister Mario Monti. Italy will make further cuts this year totaling 4.5 billion euros in an attempt to balance the country’s budget deficit. An estimated 26 billion euros in spending cuts are planned for the next three years, with 10.9 billion in cuts next year and 11.7 billion in 2014. The measures adopted in August include cutbacks in public sector payrolls and investment, and cuts in state healthcare. Salary increases for state workers were also frozen for two years. Unemployment in Italy has soared, reaching 10.7 percent in July – the country’s highest rate in the last eight years.
 Italian Prime minister Mario Monti (AFP Photo / Mikko Stig)07.08, 16:071 comment

Italian PM wins confidence vote on extra cuts

Italian Prime Minister Mario Monti has won a confidence vote on a bill to cut spending by an extra 4.5 billion euros this year to overturn the budget deficit.
A molotov cocktail explodes beside riot police officers near Syntagma square during a 24-hour labour strike in Athens.(Reuters / Yannis Behrakis)26.09, 13:4238 comments

Riot rage: Athens protesters throw firebombs, police shoot tear gas (VIDEO, PHOTOS)

A rally in the Greek capital turned violent when protesters in Syntagma Square lobbed Molotov cocktails at police, who retaliated by firing tear gas at the demonstrators.
Eurozone crisis
Protesters shout slogans during a demonstration outside Madrid's Parliament, September 26, 2012. (Reuters/Susana Vera)26.09, 22:4730 comments

‘NO’! Thousands flood Madrid in second day of anti-cuts demos (PHOTOS)

Following a violent police crackdown on Tuesday, thousands of Spaniards returned to Madrid’s Plaza de Neptune to continue protests against a new round of highly contentious austerity measures.
Eurozone crisis
Alberto Tojeira Simoes, from Portugal, begs for money in Madrid's commercial district. (Reuters / Susana Vera)25.09, 16:353 comments

No growth for Europe until 2014 – the S&P

The US credit rating agency Standard & Poor's has slashed its forecasts for the eurozone, warning that the region’s economy won’t start to grow at least until 2014.
Eurozone crisis
Eurozone PMI slips the sharpest in 3 years in September 20.09, 17:004 comments

Eurozone sentiment falls in September to lowest level in 3 years

Europe appears headed for a deepening economic recession, as its economy contracted faster in September than any month since June 2009. A closely watched survey found that’s despite easing of market concerns over the three-year debt crisis.
Eurozone crisis

Thursday, September 27, 2012

CNBC: Stock Market sell-off coming? Honeymoon Over as Markets Brace for Volatile Times

The message from this week’s sell off in global stock markets could not be clearer: The summer time rally, fueled by optimism over central bank stimulus measures, is now over and it’s time to brace for a period of renewed volatility and uncertainty, analysts say.
Getty Images

The S&P 500 index [.SPX  1438.81    5.49  (+0.38%)  ] on Tuesday suffered its worst day in three months, while Asian stocks slumped on Wednesday, with Japan’s benchmark Nikkei stock index [.N225  8949.87    43.17  (+0.48%)   ]down 1.7 percent in early trade. The sharp sell-off and renewed concerns about Spain’s economy are likely to set the tone for European markets on Wednesday.
A retreat in global markets, which have seen stellar gains over the last three months, reflects a shift in sentiment among investors, analysts say. They add that now the world’s major central banks have unveiled steps to help their economies, focus has returned to the economic outlook, which remains weak in much of the world.
That means markets are expected to remain volatile heading into the final quarter of the year, with further selling in equities likely unless solid signs of an economic recovery emerge.

NZ Prime Minister to Megaupload’s Kim Dotcom: Sorry for spying on you illegally!

Editor's Note: I applaud the NZ PM, Mr. John Key for admitting that his officials acted 'ILLEGALLY' in spying on Mr. Kim Dotcom of Megaupload. I hope that NZ will set the example for the rest of the world that Free flow of Information defines Freedom in our world, and any restrictions placed on Freedom of SHARING Information, such as by Megaupload, or even by Wikileaks, should be vigorously opposed by Governments; Governments should defend Free flow of information not pass unjust laws to restrict such freedoms as the US and EU are currently seeking to do. I hope PM Key will move to have all charges dropped against Kim Dotcom and have all his property returned that is being illegally held by the authorities in NZ and abroad by freezing his bank accounts. Shame on the US that claims to be the bastion of FREE SPEECH but has lately morphed into Stalinist Soviet Russia seeking to control all the Flow of Information in the name of 'National Security.' 
Megaupload boss Kim Dotcom. (AFP Photo / Michael Bradley)
New Zealand Prime Minister John Key apologized to Megaupload founder Kim Dotcom, saying the file sharing tycoon was spied on illegally, since he was an NZ resident at the time of the surveillance. Key apologized on Thursday following the release of an official report into the New Zealand Government Communications Security Bureau’s (GCSB) surveillance of Dotcom. The FBI and New Zealand Police conducted an armed raid at Dotcom’s mansion in January of 2012, after requesting the GCSB’s assistance in their covert surveillance. The GCSB complied with the FBI’s request, apparently in violation of New Zealand law – the GCSB is only allowed to spy on foreign nationals, while Dotcom became a resident of New Zealand in 2010.
"I apologize to Mr. Dotcom… We failed to provide that appropriate protection for him," Prime Minister Key said in a statement. “It is the GCSB’s responsibility to act within the law, and it is hugely disappointing that in this case its actions fell outside the law. I am personally very disappointed that the agency failed to fully understand the workings of its own legislation,” he said.
Washington has demanded that Dotcom – born Kim Schmitz – be extradited to the US, claiming that he is liable for $175 million in fines connected to copyright infringement allegedly facilitated through Megaupload. It is not yet known whether this latest development will impede efforts to try Dotcom in the US, but the case was dealt a setback in June when a New Zealand court ruled that the warrants for the FBI raid on Dotcom’s mansion were illegal. The extradition hearing is set for March 2013. The PM’s apology came one day after Dotcom revealed his next project: A music-sharing service called ‘Megabox.’
Kim Dotcom. (AFP Photo/ Michael Bradley)24.09, 08:206 comments

NZ spy agency under investigation over Kim Dotcom case

New Zealand’s prime minister has ordered an inquiry into “unlawful interception of communications” by the country’s intelligence agency in the case of Megaupload founder Kim Dotcom.
Megaupload boss Kim Dotcom (AFP Photo/Michael Bradley)16.08, 15:096 comments

New Zealand orders FBI release evidence against Kim Dotcom

A New Zealand judge dealt a blow Thursday to US prosecution efforts against Megaupload co-founder Kim Dotcom, upholding his right to view evidence against him in order to prepare a defense against his extradition hearing.

US / NATO backed Syrian rebels defect to government forces — call for an end to Uprising even as US insists on 'Regime Change' that Syrians themselves do not want!

A group of Syrian rebels from the Free Syrian Army (FSA) defected and joined pro-government forces on Wednesday. The troops’ commander announced that “the road is open,” and called on to other rebels to abandon their uprising.

Eleven rebel troops – three officers, two warrant officers and six civilians – defected from the FSA and now support President Bashar al-Assad, AFP reported.
Rebel fighter commander Khaled al-Zamel, or Abu al-Walid (C). (AFP Photo)
"We have decided to return to the army and cooperate with the Ministry of National Reconciliation," Lieutenant-Colonel Khaled Abdel Rahman al-Zamel said during a conference of non-combatant Syrian opposition groups.  
“We are all Syrians, we reject a revolution that starts with the shedding of blood,” al-Zamel said, eliciting applause from the audience.

"The solution can't be achieved through olding weapons, blasts, sabotage or killing the innocent, but repenting from the wrongdoing and through political means,” Xinhua quoted al-Zamel as saying. He previously served as a captain in the Syrian Army, before joining the FSA months ago. He was reportedly the head of the FSA’s leadership in southern Syria, and acted as the deputy chief of the rebels' military council. 
The appearance of al-Zamel and his men came as a surprise to the Damascus conference, organized by some 30 Syrian opposition groups with the aim of opening peaceful dialogue with the Syrian government to resolve the ongoing crisis in the country. The gathering was attended by ambassadors from Russia and Iran, and China’s temporary charge d'affaires for Syria – three nations who consistently supported the Assad regime over the past 18-month uprising.
Russia Foreign Affair Minister Sergey V. Lavrov speaks at a United Nations Security Council meeting on peace and security in Middle East on September 26, 2012 in New York City. (Michael Nagle/Getty Images/AFP)Today: 07:4012 comments

Calls for Assad capitulation, not dialogue, encourages Syria terror - Lavrov

Russian Foreign Minister Sergey Lavrov blamed the ongoing violence in Syria on “some states,” which encourage Syrian rebel terrorism and their refusal to negotiate. Lavrov made his remarks during a UN Security Council session.

SocGen's Albert Edwards concurs with Marc Faber that the "Fed Will Destroy The World"

It has been a while since we heard from SocGen's uber-soothsayer Albert "Ice Age" Edwards. He is now back, and with quite a bang, reiterating a line from Marc Faber that will prove 100% accurate in a few short years. The French bank's forecaster, who has proven more accurate than most (and certainly far better than Wall Street's permabull-by-default brigade which is trotted out every day there is a market uptick and promptly tucked in when reality returns) just made the call to cut equity allocation to the lowest possible 30% (from 35%), while hiking cash from 15% to 20%. Deja vu? "the last time I reduced my equity weighting to 30% was 8 May 2008 when the S&P was stlll standing at 1400."
From Albert Edwards:
Lowering equity weighting to minimum - "The Fed will destroy the world”

In 2005 when Alan Greenspan was being hailed as a “maestro” I wrote that his policies would ruin the world and history would judge him to be “an economic war criminal”. I now think Ben Bernanke’s policies will prove even more ruinous than Sir Alan’s (yes unbelievably he still retains his honorary knighthood). Hence we are lowering our equity weighting to 30%, the minimum possible. The last time I did this was 8 May 2008.
  • I'm reading some insanely stupid stuff at the moment. Okay, I know some of my writing is pretty insane, but when I read direct quotes and commentary about Bernanke's policy of driving up asset prices in general and equity prices in particular, I almost want to cry over the ludicrousness of this position. The Fed is pursuing the same road to ruin as it did between 2003-2007. I'm becoming more and more convinced that, Gloom, Boom, & Doom's Marc Faber is right when he says that "the Fed will destroy the world" link. (Also keep your eyes open for Dylan's next Popular Delusions.)
  • I agree with Philadelphia Fed President Charles Prosser, who dared to suggest the Emperor had no clothes by saying that QE, including the bank's purchase of $40bn a month of mortgage bond purchases, was unlikely to do much to boost growth and decrease unemployment.
  • Regular readers will know that in the main, my market timing is unerringly inaccurate, normally months if not years too early. But for those who might write off this move down to 30% as the yet more rantings of a lunatic, the last time I reduced my equity weighting to 30% was 8 May 2008 when the S&P was stlll standing at 1400.

Journalists reporting the truth about NATO created Syrian conflict become targets - Iranian reporter shot dead by sniper!

Iran's Press TV Channel says its correspondent Maya Nasser has been shot dead by a sniper while reporting on air about Wednesday's twin blasts in Damascus - READ MORE

Author and journalist, Afshin Rattansi thinks that the Syrian conflict could lead to events far worse than the 9/11 terror attacks

Banker elites proposed 'Greece remedy of Austerity destroys lives and the Greek Economy'!

The square by the Greek Parliament grew into a scene of chaos today - with protesters and police exchanging molotov cocktails and tear gas grenades. Up to a million people are taking part in protests, with around fifty thousand in the streets around Parliament alone. The action is against a third round of austerity being debated by the government. If passed, it would mean deep slashes to pensions, and a raise in the retirement age to 67.

Attorney and Professor of constitutional law, George Katrougalos, says austerity has shown itself to be a path to disaster.

Eurozone crisis: Spain inching closer to a complete Economic and Political meltdown

September 27, 2012 – SPAIN - Violent protests in Madrid and growing talk of secession in Catalonia are piling pressure on Spanish Prime Minister Mariano Rajoy as he moves closer to asking Europe for rescue money. In public, Rajoy has been resisting calls from bankers at home and the leaders of France and Italy to move quickly to request assistance, but behind the scenes he is putting together the pieces to meet the stringent conditions for aid. With protesters stepping up anti-austerity demonstrations, Rajoy presents painful economic reforms and a tough 2013 budget on Thursday, aiming to persuade euro zone partners and investors that Spain is doing its deficit-cutting homework despite a recession and 25 percent unemployment. Figures released on Tuesday suggested Spain will miss its public deficit target of 6.3 percent of gross domestic product this year, and on Wednesday the central bank said the economy continued to contract sharply in the third quarter. By pre-empting reforms demanded by Brussels — such as creating an independent fiscal auditor — Rajoy hopes to sell them to voters as home-grown rather than imposed from outside. Diplomats reported intense last-minute pressure on Madrid on Wednesday from key euro zone policymakers to take tougher measures, notably on freezing pensions. On Friday, Moody’s will publish its latest review of Spain’s credit rating, possibly downgrading the country’s debt to junk status. On the same day, an independent audit of Spain’s banks will reveal how much money Madrid will need from a 100 billion euro ($130 billion) aid package that Europe has already approved for the banks. Rajoy is gradually shedding his reluctance to seek a sovereign bailout for the euro zone’s fourth biggest economy – a condition for European Central Bank intervention to cut his country’s borrowing costs. He suggested in an interview published on Wednesday that he would make the move if debt financing costs remained too high for too long. “I can assure you 100 percent that I would ask for this bailout,” he told the Wall Street Journal, calling the situation he faces right now ‘fascinating.’ He also said he had not made his mind up on whether to maintain inflation indexation of pensions, which could cost the state an extra 6 billion euros this year. “We need to be sufficiently flexible in order not to create any further problems,” he said when asked about pensions. -Reuters

Wednesday, September 26, 2012

Another city in California facing bankruptcy

California Screaming As 4th Muni Bankruptcy Looms in Atwater | ZeroHedge

Whether Atwater, California will join the prodigious ranks of Stockton, San Bernardino, and Mammoth Lakes to become the 4th Muni bankruptcy is up for vote on October 3rd (before a $2mm bond payment in November). As Bloomberg notes, the 28,000-strong Merced county town is suffering under the same weight of public employee costs, lost revenue, and a stagnant economy leaving it with a $3.3 million budget deficit. While some put their hope in the FB IPO, perhaps Bernanke should have mandated investment in AAPL for all these municipal comptrollers? The median income is 19% below the national average as the foreclosure crisis - which saw Atwater's median home price drop by more than half - has depleted property-tax revenues dramatically. "We just started negotiating with our unions and they are going to have to take a major cut," Mayor Joan Faul said. "We hope that once we declare a fiscal emergency, that they will realize that we are definitely in an emergency. If they want to save all the jobs, everyone is going to have to take a cut,"
 Via Bloomberg Briefs:
Atwater, California, is going broke under the weight of public employee costs, lost revenue and a stagnant economy, pushing it toward becoming the state’s fourth city to seek bankruptcy protection. The city of 28,000, situated among Merced County’s dairies and almond groves about 100 miles southeast of San Francisco, has a $3.3 million deficit that may leave it insolvent before year’s end, according to budget documents.

Continue Reading: California Screaming As 4th Muni Bankruptcy Looms in Atwater | ZeroHedge

Why is Japan building a mini Japan in India - is it because of Fukushima?

Editor's Note: The Japanese plan to build a mini Japan on the East coast of India has led to much speculation as to the real reason why a city that would inhabit 50,000 Japanese is being planned for India's East Coast? Some have speculated that the Japanese elites are planning to abandon Tokyo as the deadly radiation from Fukushima continues to build all across Japan, and much of the Northern Hemisphere. Something like this has never been done in the past, so it is natural that such questions are being asked; another Fukushima type disaster would surely finish Japan, so is this a case of proactive actions being taken by the Powers that be in Japan? Only time will tell!

Govt plans urban development project in India for Japanese firms

The government plans to carry out a huge urban development project in southern India that will include an industrial complex and a town to accommodate 50,000 residents, according to government sources.
The project, a public-private initiative to export social infrastructure, will be built on the outskirts of Chennai, India's fourth-largest city with a population of 5.7 million.
The industrial complex will be designed for small and midsize companies, while the residential area will include a housing complex built to Japanese standards and a shopping center to meet Japanese needs, the sources said.
Dubbed the "Detroit of India," Chennai is home to many automobile companies, such as BMW, Ford and Hyundai. Nissan Motor Co., Panasonic Corp. and Komatsu Ltd. are among about 300 Japanese companies that have opened branches there.
This will be the first urban development project in which infrastructure will be exported under the new growth strategy the government drew up in 2010, the sources said.
Economy, Trade and Industry Minister Yukio Edano will visit Chennai on Tuesday to ask for cooperation from the Tamil Nadu state government, according to the sources. Chennai is the state's capital.
Mizuho Corporate Bank and engineering company JGC Corp. will invest a total of 4 billion yen in the project. Plots of land for the 2.3-square-kilometer industrial complex will be put on sale starting in summer. Factories are expected to begin operating there in 2013.
A two-square-kilometer residential area will be developed near the industrial complex starting the same year. The area will be designed as a "resort city" offering a high-quality lifestyle for Japanese company employees and their families.
The town will feature high-grade condominiums overlooking the Indian Ocean, as well as a shopping center and a golf course run by Japanese companies. Full-time Japanese doctors will staff medical facilities, the sources said.
About 800 Japanese live in Chennai, but their families generally remain in Japan out of concern over the city's high temperatures and different customs.
The planned residential quarter is expected to attract executives of other foreign companies operating in India, as well as affluent locals, according to the sources.
For the urban development project, Ascendas Pte Ltd., a developer funded by the Singapore government, will be in charge of land preparation and construction work. Mizuho will recruit Japanese companies hoping to establish branches in Chennai, while JGC will handle infrastructure development, such as converting seawater to provide a water supply.
As many parts manufacturers and other companies are interested in branching out in Chennai to take advantage of India's fast-developing economy, there has been a growing demand for an industrial complex for small and midsize Japanese firms because the country has an inadequate infrastructure in such areas as power and water supply.

Economic News: Bank of Japan does the QE thing again (for the 10th time) / Eurozone is fixed (or maybe not!)

EDITOR'S NOTE: Shouldn't someone ask the BOJ that if QE didn't work the first nine times, why would it work the tenth? Hey Mr. Bernanke, if you want to see how well QE works, take a look at Japan! Japan is finished as an Economic powerhouse, and may well be finished as a nation if it embarks on more military adventures as it did before WW2. And who knows what the long term effects of Fukushima will be? The Japanese elites are building a little Japan on the East coast of India, and it has been speculated that this is being done because Tokyo will eventually be so contaminated from Fukushima radiation that it will be uninhabitable. We will wait and see what happens.

In regards to Europe, there is EuropoPhoria every couple of weeks as the ECB and politicians jawbone pretending that all is well. However reality sets in quickly and the WORRIES return. There is no need to worry, the Eurozone is a mess that no one can fix unless the banks write off all their debts and the debt meters are reset to zero. Since that is unlikely to happen, let's stop pretending that there is a solution to these problems and let the whole System go to pot. Every man for himself, save yourself Europeans, for your governments will sacrifice you on the altar of their bankster gods as will the Americans and the Japanese and the Chinese and the Indians and....

(Reuters) - The Bank of Japan is ready to expand monetary stimulus again even after this month's action and may ponder new steps if necessary, board member Takehiro Sato said, warning of global uncertainties that could push the economy into recession.

In an exclusive interview with Reuters, Sato also said Japan may not achieve the BOJ's 1 percent inflation target as early as the central bank had hoped, issuing the strongest warning to date by a policymaker of risks to the country's recovery. (WHAT RECOVERY MR. SATO? Japan has been in recession for 20+ years now!)
(Reuters) - World shares fell sharply and the euro hit a two-week low on Wednesday as growing opposition to measures aimed at resolving the euro zone's debt crisis unnerved investors already worried about weak global economic growth.

The selling focused on Spain, where the main share index fell 3.5 percent.IBEX and yields on 10-year bonds rose back to six percent, as doubts grew about Madrid's commitment to reform due to violent protests and talk of secession by the wealthy Catalonia region.

A general strike in Greece and signs of discord among top euro zone officials over new policies to tackle the crisis added to investor concerns, taking the gloss off recent moves by the European Central Bank to calm the markets by buying bonds.

"Markets have realized despite reducing a large number of tail risks the ECB's program is not the solution to all the problems in the euro area," Philip Shaw, economist at Investec, said. (Hey Mr. Philip Shaw - Are you that dense that you are only now realizing that the ECB does not have the solution to the region's problems? That no Central bank can resolve the fundamental problems of any Economy! Or being an Economist, is your job to obfuscate and lie because your income depends on it? And you only acknowledge the truth when there is no way to avoid it?)

Greeks are mad as hell and won't take it anymore! And neither will the Spaniards or the rest of the world!!!

Editor's Note: AUSTERITY is a blatant policy of taking from the Middle Class and giving to the banks that are the root cause of the Financial problems of the world. But as Austerity bites and formerly Middle Class people have to start worrying about where their next meal will come from instead of where to go for their next vacation, they begin to rise up in protest. Had they protested when their governments and representatives were selling them out to the banks for their own personal profit, maybe we wouldn't have arrived at this point. However when people are well fed, they are complacent; only when their most basic needs are threatened do they awaken and fight back. So the consequences of Austerity in the European Club Med Countries will be violent protesting as is being seen in Greece and Spain these days. These protests are just the beginning and will eventually turn into civil war or revolutions, and may lead to the rise of military juntas that will take power to supposedly restore order but in fact will crush all uprisings with Nazi / Soviet brutality! What we are seeing in Greece / Spain today will eventually spread to the rest of the developed world. The world in the 21st century is fast receding towards the feudalism of the Middle Ages, not the enlightenment of the 18th - 19th centuries!

A rally in the Greek capital turned violent when protesters in Syntagma Square lobbed Molotov cocktails at police, who retaliated by firing tear gas at the demonstrators. It's as thousands gathered in front of parliament for the country’s biggest anti-austerity protest since the new government came to power. Clashes erupted in different parts of Athens Syntagma Square, with demonstrators throwing fire bombs at police. Witnesses reported smoke rising over the square as security forces dispersed most of the protesters. Some remained, and continued the demonstration. The general strike halted transit and other industries nationwide. Thousands of demonstrators also marched through the city of Thessaloniki. Greeks wrote on Twitter that large numbers of protesters are rallying peacefully in the streets.
Watch our live feed of the protest here.
Continue Reading: Clashes erupt as thousands rally in Athens, firebombs set national park ablaze _________________________________________________________________________
Madrid riot police have cleared Plaza de Neptune of protesters, with about 200 officers securing the surrounding blocks. At least 60 people have been injured and 26 arrested as police used batons and rubber bullets to disperse the crowd. Local emergency services have confirmed that at least 60 people, including eight policemen, were injured in clashes between police and protesters, El Pais reports. One of the wounded is believed to be in critical condition, while one of the injured policemen suffered a severe concussion. Riot police dispersed the protesters, dragging some who had tried to get through police lines by their arms and legs. An uneasy order was restored and reinforcements were brought in to try and disperse the crowd. 
Thirteen of those arrested have been detained after a group of protesters tried to break through the police barrier for the first time. Further arrests were carried out during the following clashes, bringing the total number of arrests to some 60, El Pais reported. Authorities estimate that about 6,000 people took part in Tuesday’s protest. Over 1,300 riot police officers were deployed in the capital, which is more than a half the country's riot police force. Protests organizers have decided to repeat the protest and block the Parliament once again on Wednesday.