The $700 bank bailout plan Kashkari helped author, known as the Troubled Asset Relief Program (TARP), stopped the Wall Street firms that caused the crisis from going bankrupt. A parallel process, undertaken by New York President Timothy Geithner along with the Treasury Department, pressured the Wall Street banks to merge and get even bigger in hopes that size would increase confidence in the financial system.
Apple vs. the FBI: The War on Privacy (Tiffany D.)
The phone in question almost certainly contains nothing of interest to this investigation. It was a work phone issued by San Bernardino County, Farook’s employer. It was the only phone Farook and his wife owned that they didn’t destroy before they were killed. It was providing backups to the iCloud until just before the killings, and the FBI was able to get those backups easily. If Farook contacted any co-conspirators by smartphone, he certainly didn’t use this one. And if he called or texted anyone on it whilst the shootings were in progress, the FBI can subpoena those details under existing case law from the county’s cell service provider.
The United States has responded by changing the IMF rules. It said, ‘Wait a minute. It’s okay for the IMF to make loans to countries that don’t pay China and Russia or the BRICs, because we’re in a new Cold War. The IMF really is working for us.’ As long as the U.S. has veto power in the IMF, its delegate can veto any loan to a country that owes money to the United States that the United States doesn’t wish to support. But it has no objection for the IMF making loans to U.S. satellites such as Ukraine, that official debts to Russia.
The grey moving average on the larger chart is the 60 day moving average, which is more important than the widely followed 50 DMA, and it shows signs of flattening, a very bullish signal, certainly if it will transition into a rising pattern.
The media are misleading the public on Syria (richcabot)
Coverage of the Syrian war will be remembered as one of the most shameful episodes in the history of the American press. Reporting about carnage in the ancient city of Aleppo is the latest reason why.
Which Type of Exercise Is Best for the Brain? (richcabot)
Exercise also, and perhaps most resonantly, augments adult neurogenesis, which is the creation of new brain cells in an already mature brain. In studies with animals, exercise, in the form of running wheels or treadmills, has been found to double or even triple the number of new neurons that appear afterward in the animals’ hippocampus, a key area of the brain for learning and memory, compared to the brains of animals that remain sedentary. Scientists believe that exercise has similar impacts on the human hippocampus.
Thus began a relationship that, according to recent depositions, has enriched Exponent by $18.2 million and brought another $21 million to Cardno ChemRisk, a similar firm Paustenbach founded in 1985, left and restarted in 2003. All told, testimony shows, Ford has spent nearly $40 million funding journal articles and expert testimony concluding there is no evidence brake mechanics are at increased risk of developing mesothelioma. This finding, repeated countless times in courtrooms and law offices over the past 15 years, is an attempt at scientific misdirection aimed at extricating Ford from lawsuits, critics say.
Natural Gas Prices Are Unsustainably Low (Josh O.)
The production increases reported by EIA are year-over-year comparisons that don’t reflect declines during the last 4 months.
Prices have fallen to less than half what they were in early 2014. The average price for the first quarter of 2016 is only $2.25 per MMBTU.
A production cut is plainly good for all oil exporting countries, with a payback of 4-8 times the value of production cuts. But it is best for Saudi Arabia and Russia—as these are by far the two largest oil exporters. Consider the following scenario: Saudi Arabia and Russia cut exports by 500,000 barrels per day each, Iraq cuts by 200,000 barrels per day, and Iran increases exports by 250,000 barrels per day—a reasonably plausible deal.
What’s in your food? Nobody really knows (richcabot)
Why doesn’t government know what’s in your food? Because industry can declare on their own that added ingredients are safe. It’s all thanks to a loophole in a 57-year old law that allows food manufacturers to circumvent the approval process by regulators. This means companies can add substances to food without ever consulting the Food and Drug Administration about potential health risks.
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