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Archive for the ‘Uncategorized’ Category

Charges Dropped Against UN Peacekeepers Accused Of Child Abuse In CAR

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By Tyler Durden

Submitted by Jesse Tremblay via PlanetFreeWill.com,

The New York Times has reported that “a panel of French judges has decided not to bring charges against soldiers accused of having sexually abused children while on a peacekeeping mission in the Central African Republic”.

The accusations have a troubling backstory that is detailed in a December 2015 independent report on the situation. The 170-page report heavily scrutinized not only the possible role of UN peacekeepers in child abuse cases in the ailing African nation but also the failure of UN officials to react in a proper manner. Among those accused of failing in their role in this situation were the head of the UN mission in CAR, UNICEF and the UN Human Rights staff in CAR. –page 2 (http://www.un.org/News/dh/infocus/centafricrepub/Independent-Review-Report.pdf)

There were inadequate measures taken to protect the children before the event and an absolute failure to consider their health after the event. Allegedly, no one within the organization wanted to take responsibility for the issue, and as such, it infringed on the victim’s human rights. The report impugned the bureaucratic nature of the United Nations.

Failures at all levels have led to citizens in CAR to protest the presence of the UN in their country, which led to 4 deaths and 14 injured.

Even more troubling is the fact that the Central African Republic has one of the lowest ratings on the UN’s human development index.

These children were the most helpless kind of victims and it could be a sign that the UN was hoping to ride this situation out with the hope that no one would pick up the story. In fact, the report notes that the head of the HRJS “encouraged the SRSG [Senegalese Army General] of MINUSCA to keep the Allegations quiet” due to the political sensitivity of the allegations. –pg 7 (http://www.un.org/News/dh/infocus/centafricrepub/Independent-Review-Report.pdf)

The report demands that the UN adhere to a zero tolerance policy in regards to actions like this and made 12 recommendations (see below) to prevent future debacles like this in the future.

  • Recommendation #1: Acknowledge that sexual exploitation and abuse by peacekeepers, whether or not the alleged perpetrator is under UN command, is a form of conflict related sexual violence to be addressed under the UN’s human rights policies.
  • Recommendation #2: Create a Coordination Unit in OHCHR reporting directly to the High Commissioner for Human Rights to oversee and coordinate responses to conflict related sexual violence, including: ( monitoring, reporting and follow up on allegations of sexual abuse; ( analyzing data with a view to tracking trends and practises for the purpose of improving prevention and accountability; and ( following up on the implementation of the Panel’s recommendations.
  • Recommendation #3: Create a working group to support the Coordination Unit made up of experts (including specialists skilled in addressing sexual violence by international forces), and representatives of TCCs. The working group should: ( develop a single policy harmonizing the SEA and human rights policies and ( develop processes promoting criminal accountability for sexual violence.
  • Recommendation #4: Require mandatory and immediate …read more

    Source: Charges Dropped Against UN Peacekeepers Accused Of Child Abuse In CAR

        

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The Problem With Forecasts

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By Tyler Durden

Submitted by Lance Roberts via RealInvestemntAdvice.com,

The Problem With Forecasts

We can’t predict the future – if it was actually possible fortune tellers would all win the lottery. They don’t, we can’t, and we aren’t going to try. However, this doesn’t stop the annual parade of Wall Street analysts from pegging 12-month price targets on the S&P 500 as if there was an actual science behind what is nothing more than a “WAG.” (Wild Ass Guess).

In reality, all we can do is analyze what has happened in the past, weed through the noise of the present and try to discern the possible outcomes of the future.

The biggest single problem with Wall Street, both today and in the past, is the consistent disregard of the possibilities for unexpected, random events. In a 2010 study, by the McKinsey Group, they found that analysts have been persistently overly optimistic for 25 years. During the 25-year time frame, Wall Street analysts pegged earnings growth at 10-12% a year when in reality earnings grew at 6% which, as we have discussed in the past, is the growth rate of the economy.

Ed Yardeni published the two following charts which shows that analysts are always overly optimistic in their estimates.

This is why using forward earnings estimates as a valuation metric is so incredibly flawed – as the estimates are always overly optimistic roughly 33% on average. Furthermore, the reason that earnings only grew at 6% over the last 25 years is because the companies that make up the stock market are a reflection of real economic growth. Stocks cannot outgrow the economy in the long term…remember that.

The McKenzie study noted that on average “analysts’ forecasts have been almost 100% too high” and this leads investors into making much more aggressive bets in the financial markets. Wall Street is a group of highly conflicted marketing and PR firms. Companies hire Wall Street to “market” for them so that their stock prices will rise and with executive pay tied to stock-based compensation you can understand their desire.

However, if analysts are bearish on the companies they cover – their access to information to the company they cover is cut off. This reduces fees from the company to the Wall Street firm hurting their revenue. Furthermore, Wall Street has to have a customer to sell their products to – that would be you.

Talk about conflicted. Just ask yourself WHY Wall Street spends BILLIONS of dollars each year in marketing and advertising trying to keep you invested at all times.

Since optimism is what sells products, it is not surprising, as we head into 2017, to see Wall Street’s average expectation ratcheted up another 4.7% this year. Of course, comparing your portfolio to the market is a major mistake to begin with.

As I wrote previously:

“Comparison is the cause of more unhappiness in the world than anything else. Perhaps it is inevitable that human beings as social animals have an urge to …read more

Source: The Problem With Forecasts

    

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Fiat Chrysler to put $1 billion into U.S. jobs, revive Jeep Wagoneer

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Fiat Chrysler announced Sunday a $1 billion investment to expand factories in Ohio and Michigan and create 2,000 new jobs in the United States. …read more

Source: Fiat Chrysler to put $1 billion into U.S. jobs, revive Jeep Wagoneer

    

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The Surveillance State Did Not Disappear With The Trump Victory: "It Is Still Lurking And Completely Intact"

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By Tyler Durden

Submitted by Jeremiah Johnson (nom de plume of a retired Green Beret of the United States Army Special Forces (Airborne)) via SHTFPlan.com,

One of the things Donald Trump has really done correctly is to assess his future arena in the areas of intelligence-gathering and operational security. Trump wants to return to a “courier” method of transmitting sensitive information and classified documents for the purpose of reducing the amount of material that can be hacked or stolen. There is a subtlety about this for a caveat, in case the compliment has bloomed flowers in your thoughts: the NSA $50 billion facility for collection and storage of data in Utah won’t be shutting down anytime soon.

As Snowden’s exposés clearly pointed out, the government has clearly followed Petraeus’ glowing “internet of things” yellow brick road to form an integrated, interconnected surveillance state. All CCTV (closed circuit television) systems, all merchants with cameras, all law enforcement cameras…all of the camera surveillance systems everywhere are either tied into data collection immediately or can be accessed for use at a later time.

The latest “Jason Bourne” movie clearly illustrates how the government can utilize devices such as cellular telephones (especially the ones with cameras) to track movements, record conversations, and be a “piggyback” to relay information to a nearby computer or a camera. This isn’t the future: this is now.

There is an older piece written by Michael Snyder in June of 2013 entitled 27 Edward Snowden Quotes About U.S. Government Spying That Should Send a Chill Up Your Spine. The information in this article is directly from Edward Snowden that revealed exactly what the government has been doing regarding their total surveillance program. The surveillance did not occur overnight, and in the manner of the “frog in the cold-water kettle” by stretching out the time for putting it all into place, the stultified public’s focus was either diverted or bypassed entirely.

Here are a few other pieces worth reading over regarding the government’s total information awareness and the (ongoing) growth of the surveillance state:

As can be seen, all of these developments require time, and …read more

Source: The Surveillance State Did Not Disappear With The Trump Victory: "It Is Still Lurking And Completely Intact"

    

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The agency that vets Trump’s billionaires

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The Office of Government Ethics, Washington’s anti-corruption gatekeeper, is working around the clock to vet Trump nominees for financial conflicts. …read more

Source: The agency that vets Trump’s billionaires

    

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It’s The Debt, Stupid – Massive Borrowing Binge Producing Fake Recovery

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By Tyler Durden

Submitted by John Rubino via DollarCollapse.com,

What do the following headlines have in common?

US wages grow at fastest pace since 2009

Euro area economy ended year with strongest growth since 2011

Surge in home prices is beating the one in mortgage rates

Manufacturing in U.S. Expands at Fastest Pace in Two Years

German Inflation welcomed back

Obviously they’re all favorable, with the possible exception of German inflation – though even that is “welcome”. Taken together they paint a picture of a global economy that’s finally returning to the kind of solid growth and steady, positive inflation that most people consider both normal and good.

Unfortunately, the reason for the improvement is emphatically not good: In 2016 the world borrowed a huge amount of money and spent the proceeds. The result is “growth,” but not sustainable growth.

Consider:

Federal Debt in FY 2016 Jumped $1.4 Trillion, or $12,036 Per Household

(CNSNews.com) – In fiscal 2016, which ended on Friday, the federal debt increased $1,422,827,047,452.46, according to data released today by the U.S. Treasury.

At the close of business on Sept. 30, 2015, the last day of fiscal 2015, the federal debt was $18,150,617,666,484.33, according to the Treasury. By the close of business on Sept. 30, 2016, the last day of fiscal 2016, it had climbed to $19,573,444,713,936.79.

According to the Census Bureau’s latest estimate, there were 118,215,000 households in the United States as of June. That means that the one-year increase in the federal debt of $1,422,827,047,452.46 in fiscal 2016 equaled about $12,036 per household.

The total federal debt of $19,573,444,713,936.79 now equals about $165,575 per household.

————

Corporates Lead Surge To Record $6.6 Trillion Debt Issuance

(The News PK) – Global debt sales reached a record this year, led by companies gorging on cheap borrowing costs.

The bond rally that dominated the first half of the year helped entice borrowers that issued debt via banks to take on just over $6.6tn, according to data provider Dealogic, breaking the previous annual record set in 2006.

Companies accounted for more than half of the $6.62tn of debt issued, underlining the extent to which negative interest rate policies adopted by the European Central Bank and the Bank of Japan, as well as a cautious Federal Reserve, encouraged the corporate world to increase its leverage.

Corporate bond sales climbed 8 per cent year on year to $3.6tn, led by blockbuster $10bn-plus deals to finance large mergers and acquisitions.

The remaining debt included sovereign bonds sold through bank syndication, US and international agencies, mortgage-backed securities and covered bonds. The figures exclude sovereign debt sold at regular auction.

“The low cost of financing with record-low interest rates simply made building up leverage tempting,” said Scott Mather, chief investment officer for core fixed income at Pimco.

————

Total global debt tops 325 pct of GDP as government debt jumps: IIF

(Reuters) – Global debt levels rose to more than 325 percent of the world’s gross domestic product last year as …read more

Source: It’s The Debt, Stupid – Massive Borrowing Binge Producing Fake Recovery

    

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Santelli ‘Meets The Press’: "You Picked Sides… On Election Night, I’ve Never Seen You So Unhappy"

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By Tyler Durden

Judging by the outpouring of liberal denigration among the twitterati…

Rick Santelli's appearance on Chuck Todd's 'Meet The Press' this morning struck one too many nerves of reality.

Standing alone against the wall of establishment media, Santelli began…

“What's going on here is really so politically driven… where was all this uproar in June when the DNC emails were hacked…this wasn't made an issue because it would have put the emails in Hillary's server right in the thick of it… that's why this went under the radar – this is all tied together”

The shocked looks on the faces on Andrea Mitchell, Chuck Todd, and David Brooks was only bettered by their repeated efforts to refocus the narrative on Putin “as the devil and journalist-murderer” and Trump “as a puppet” but Santelli was not done with them…

“I never saw you so unhappy as on election night… you picked sides, everyone picked sides..”

…which was met stunning levels of cognitive dissonance from Chuck Todd “picked sides? who picked sides? Where?”, and Andrea Mitchell “That's not true Rick, that's just not true… let's get back to the facts here,” who then repeated (once again) that the “Russians have weaponized hacking… they did it in Ukraine, they're doing it in Germany now…”

“people in charge of intelligence are political as well here,” Santelli chimes in, “let me see the 'Russian missiles on the Cuban island' picture… that's proof, Trump needs to see that.. the hearings are nothing but Kabuki theater.”

Enjoy…

We suspect the outspoken truthist wil not be invited back.

But it didn't end there, Kellyanne Conway also appeared on the NBC 'news' show but, as president-elect Trump explains, was cut short…

Kellyanne Conway went to @MeetThePress this morning for an interview with @chucktodd. Dishonest media cut out 9 of her 10 minutes. Terrible!

— Donald J. Trump (@realDonaldTrump) January 8, 2017

So here is the full interview…

…read more

Source: Santelli ‘Meets The Press’: "You Picked Sides… On Election Night, I’ve Never Seen You So Unhappy"

    

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Priebus: Trump "Accepts" That Russia Played A Role In Election Hacking

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By Tyler Durden

In a surprising twist, incoming White House chief of staff Reince Priebus said Sunday on Fox News that President-elect Donald Trump accepts that Russia played a role in hacking the Democratic National Committee and Clinton campaign Chairman John Podesta.

Priebus, the former RNC chairman, said Trump understands that Moscow was behind the intrusions into the Democratic Party organizations. “He accepts the fact that this particular case was entities in Russia so that’s not the issue” and added that Trump “is not denying that entities in Russia were behind this particular hacking campaign.”

“But here’s the thing that I think everyone needs to understand — when this whole thing started, it started from the Russians 50 years ago … This is something that’s been going on in our elections for many, many years.” Priebus said it “happens every election period.”

“In this particular case, it started way back in 2015 before either nominee of either party was chosen,” Priebus said. “And it started … as a spearfishing expedition over many different institutions.”

Additionaly, Priebus blasted the Democratic National Committee (DNC) for its lack of IT defenses. The DNC was warned multiple times by the FBI before being hacked, Priebus added, and officials didn’t respond. “So yes, we have bad actors around the world,” Priebus said.”But we also have a problem when we have a major political institution that allows foreign governments into their system with hardly any defenses or training.”

As Reuters notes, Priebus’ comments marked a major shift in the official Trump narrative: the president elect has repeatedly dismissed claims that the Russians were trying to help him, arguing that those charges are the product of his political opponents trying to undermine his victory.

So far, Trump has only indirectly acknowledged the intelligence community’s conclusion that Russia interfered in the election and has consistently downplayed its significance — and the president-elect has a history of later contradicting what his surrogates tell the media.

On Friday morning, shortly before being briefed by US intelligence, Trump tweeted that “Gross negligence by the Democratic National Committee allowed hacking to take place.The Republican National Committee had strong defense!” He then tweeted two follow-up comments, first that “Intelligence stated very strongly there was absolutely no evidence that hacking affected the election results. Voting machines not touched!” followed by “Only reason the hacking of the poorly defended DNC is discussed is that the loss by the Dems was so big that they are totally embarrassed!”

After the briefing, Trump stated, “While Russia, China, other countries, outside groups and people are consistently trying to break through the cyber infrastructure of our governmental institutions, businesses and organizations including the Democrat National Committee, there was absolutely no effect on the outcome of the election including the fact that there was no tampering whatsoever with voting machines.”

Then, on Friday evening he appeared to once again extend an olive branch to Russia, tweeting that “having a good relationship with Russia is a good thing, not a bad thing. Only “stupid” people, or fools, would think that …read more

Source: Priebus: Trump "Accepts" That Russia Played A Role In Election Hacking

    

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CIA Bases Congressional Russian Hacking Report on Possibilities, Not Truth

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By TDB

Via The Daily Bell

Intel report warns Moscow will try to influence elections in countries allied to US. The declassified version of the report warned that other countries were also vulnerable to attack. – Independent

Intelligence in the US is becoming even more emphatic about the Russian threat to elections, claiming that Russians will start to disrupt the elections of other countries like they are disrupting American ones.

The trouble with this is that intel agencies, specifically the CIA, have not yet proven that Russia has done what the CIA claims it has done.

On Friday, it claimed that Russia had attacked the US with specific hacks. But at least one top official knowledegable about hacking pointed out that using such eminently traceable hacks was unlike the Russians. The entire report was false, he claimed. The Russians wouldn’t have use such easily detected means to accomplish a hacking. If they’d actually done it, they be subtle not obvious.

But a highly classified report, given to president Barack Obama, and sections of which were made public on Friday, reveals that the CIA, the FBI and the NSA all concurred that Russia used cyber warfare and state-funded social media “trolls” to spread negative information about Hillary Clinton and to help Mr Trump win the election.

Russia reportedly gained access to the Democratic National Committee servers from May 2015 to June the following year and passed on Clinton campaign chairman John Podesta’s and Ms Clinton’s emails to WikiLeaks. In return, WikiLeaks founder Julian Assange was given a platform on state-run media outlet RT to criticise the US.

The CIA called the attacks “multifaceted”. Mr. Putin has denied anything to do with the attacks. The report has also been dismissed by Trump, but he has said cybersecurity should be strengthened nonetheless.

The reality is that the CIA probably needs something to do with its time and fighting against Russians seems like a good way of bolstering the CIA’s importance.

The CIA like much else, is at least partially controlled out of London’s City, by the bankers there. These are the same central bankers that have installed monopoly cental banks around the world. The CIA, from what we can tell, at the top, has people who work directly with these London financiers.

The CIA’s proof regarding Russian hacking is considerably mitigated by the CIA’s lack of ability to say forthrightly that the Russians did the things they say they did. If the Russians did it, the CIA should say so clearly and simply. It will not.

Now with the same lack of evidence, the CIA is warning about overseas targeting of US allies. There is no more certainty regarding these arguments than CIA suppositions that the US itself has been targeted.

Conclusion: None of this is backed up by conclusions, only by theories that may well have a political component to them. The CIA is making work for itself and upping the level of fear-based rhetoric without any proof what they are saying is true.

Other articles:

Surveillance Footage Shows Moment Of Deadly Jerusalem Truck Attack

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By Tyler Durden

Surveillance footage has emerged of the Jerusalem truck ramming attack in which four were killed and 13 were wounded on Sunday. The footage shows the moments leading up to the the truck ramming into a group of Israeli soldiers visiting an observation post in the capital’s Jewish neighborhood Armon Hanatziv.

The video was shot from a distance of about 30 meters from the scene of the attack, and shows the truck speeding through the crowd, narrowly missing the standing bus. It then stops and starts maneuvering, moving backwards and turning, before finally coming to a stop.

Authorities suspected terror motives in the incident. According to media reports, Hamas’s Qassam brigades says Jerusalem attacker, Fadi al-Qanbar, was a released prisoner, whom they called a “Mujahid” a term referring to a person engaged in a jihad, usually as a guerrilla warrior. Police confirmed that the perpetrator was neutralized.

…read more

Source: Surveillance Footage Shows Moment Of Deadly Jerusalem Truck Attack

    

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