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LINK;       Bloomberg Says Interpretation of Constitution Will ‘Have to Change’ After Boston Bombing

Oh really Mr. freaking Mayor

In the wake of the Boston Marathon bombings, Mayor Michael Bloomberg said Monday the country’s interpretation of the Constitution will “have to change” to allow for greater security to stave off future attacks.

“The people who are worried about privacy have a legitimate worry,” Mr. Bloomberg said during a press conference in Midtown. “But we live in a complex word where you’re going to have to have a level of security greater than you did back in the olden days, if you will. And our laws and our interpretation of the Constitution, I think, have to change.”

Mr. Bloomberg, who has come under fire for the N.Y.P.D.’s monitoring of Muslim communities and other aggressive tactics, said the rest of the country needs to learn from the attacks.

“Look, we live in a very dangerous world. We know there are people who want to take away our freedoms. New Yorkers probably know that as much if not more than anybody else after the terrible tragedy of 9/11,” he said.

“We have to understand that in the world going forward, we’re going to have more cameras and that kind of stuff. That’s good in some sense, but it’s different from what we are used to,” he said.

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Michael Bloomberg - Cartoon

Michael Bloomberg – Cartoon (Photo credit: DonkeyHotey)

New York City Mayor Michael Bloomberg said on Sunday: Sometimes government does know best. And in those cases, Americans should just cede their rights.

“I do think there are certain times we should infringe on your freedom,” Mr. Bloomberg said, during an appearance on NBC. He made the statement during discussion of his soda ban — just shot down by the courts — and insistence that his fight to control sugary drink portion sizes in the city would go forth.


SEE RELATED: N.Y. Mayor Bloomberg: ‘I think I have a responsibility … to try to make this country safer’


“We think the judge was just clearly wrong on this,” he said, on NBC. “Our Department of Health has the legal ability to do this. … [They’re] not banning anything.”

Mr. Bloomberg’s remaining months in office have included a firestorm of regulations and policy pushes on wide range of issues. Aside from the soda size ban and a well-publicized call for tighter gun control, another contentious policy he pushed: Nudging hospitals to lock up baby formula to force mothers to breast-feed newborns.

SHTF Promo 300 x 250

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Federal Reserve Chairman Ben Bernanke speaks at a news conference about the too big to fail problem in the U.S. (Source: Bloomberg

 

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Emotionally, I love Iceland’s financial policies since the crash of 2008:

Iceland

Iceland went after the people who caused the crisis — the bankers who created and sold the junk products — and tried to shield the general population.

But what Iceland did is not just emotionally satisfying. Iceland is recovering, while the rest of the Western world — which bailed out the bankers and left the general population to pay for the bankers’ excess — is not.

Bloomberg reports:

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Don’t believe the hype.

Nov. 26 (Bloomberg) — Bloomberg’s Michael McKee explains why you shouldn’t get excited over reports of sales gains on Black Friday.

The following chart from Merrill Lynch demonstrates that since 2006 there has been little correlation between Black Friday numbers and total holiday sales.

It pays to look at data, not hype.

continued here with video

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Just out from Bloomberg:

  • RBS, UBS TRADERS SAID TO FACE ARREST WITHIN MONTH IN LIBOR CASE

Note the word “traders” – not CEOs, not COOs, not General Counsels, not Managers, not Supervisors… Traders. Because remember: it was a scheming 28-year old Frenchman that was the mastermind behind Goldman’s CDO fraud for years. Nobody else. Just him. That said, we are looking forward to the latest minimum prison reality TV show: “How Many Cigarettes* For A Bollinger?”

source Zero Hedge

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At Ngoc Sinh Seafoods Trading & Processing Export Enterprise, a seafood exporter on Vietnam’s southern coast, workers stand on a dirty floor sorting shrimp one hot September day. There’s trash on the floor, and flies crawl over baskets of processed shrimp stacked in an unchilled room in Ca Mau.

Elsewhere in Ca Mau, Nguyen Van Hoang packs shrimp headed for the U.S. in dirty plastic tubs. He covers them in ice made with tap water that the Vietnamese Health Ministry says should be boiled before drinking because of the risk of contamination with bacteria. Vietnam ships 100 million pounds of shrimp a year to the U.S. That’s almost 8 percent of the shrimp Americans eat.

Shrimp farmers in Ca Mau province in Vietnam, use ice made from tap water that the government says isn’t safe to drink without boiling it, Sept 10, 2012. Photographer: Viet Dung Tran/ Bloomberg Markets via Bloomberg.

Marsden on Food Safety Testing, FDA Standards

9:19

Oct. 11 (Bloomberg) — James Marsden, a professor of food safety and security at Kansas State University, talks about the 2010 passing of the Food Modernization Act and the impact on food safety requirements and domestic and imported products. Marsden spoke with Bloomberg’s John Lippert on Aug. 2 in Coal Valley, Illinois. (Source: Bloomberg)

Toxic Food, Can the FDA Keep U.S. Consumers Safe

3:23

Oct. 11 (Bloomberg) — Almost 3,000 people in the U.S. died in 2011 from food-borne illness, according to the Centers for Disease Control and Prevention. The U.S. food industry has put in place standards to ensure deadly pathogens don’t make it into the market. But what is the Food and Drug Administration doing to regulate food producers, domestic and overseas? This article is featured in the November issue of Bloomberg Markets magazine. (Source: Bloomberg)

Food Report: Food Sickens Millions as Company-Paid Checks Find It Safe

Using ice made from tap water in Vietnam is dangerous because it can spread bacteria to the shrimp, microbiologist Mansour Samadpour says, Bloomberg Markets magazine reports in its November issue.

“Those conditions — ice made from dirty water, animals near the farms, pigs — are unacceptable,” says Samadpour, whose company, IEH Laboratories & Consulting Group, specializes in testing water for shellfish farming.

Ngoc Sinh has been certified as safe by Geneva-based food auditor SGS SA, says Nguyen Trung Thanh, the company’s general director.

No Record

“We are trying to meet international standards,” Thanh says.

SGS spokeswoman Jennifer Buckley says her company has no record of auditing Ngoc Sinh.

At Chen Qiang’s tilapia farm in Yangjiang city in China’s Guangdong province, which borders Hong Kong, Chen feeds fish partly with feces from hundreds of pigs and geese. That practice is dangerous for American consumers, says Michael Doyle, director of the University of Georgia’s Center for Food Safety.

“The manure the Chinese use to feed fish is frequently contaminated with microbes like salmonella,” says Doyle, who has studied foodborne diseases in China.

On a sweltering, overcast day in August, the smell of excrement is overpowering. After seeing dead fish on the surface, Chen, 45, wades barefoot into his murky pond to open a pipe that adds fresh water from a nearby canal. Exporters buy his fish to sell to U.S. companies.

Yang Shuiquan, chairman of a government-sponsored tilapia aquaculture association in Lianjiang, 200 kilometers from Yangjiang, says he discourages using feces as food because it contaminates water and makes fish more susceptible to diseases. He says a growing number of Guangdong farmers adopt that practice anyway because of fierce competition.

“Many farmers have switched to feces and have stopped using commercial feed,” he says.

Frequently Contaminated

About 27 percent of the seafood Americans eat comes from China — and the shipments that the FDA checks are frequently contaminated, the FDA has found. The agency inspects only about 2.7 percent of imported food. Of that, FDA inspectors have rejected 1,380 loads of seafood from Vietnam since 2007 for filth and salmonella, including 81 from Ngoc Sinh, agency records show. The FDA has rejected 820 Chinese seafood shipments since 2007, including 187 that contained tilapia.

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Bernanke’s announcement of further money printing and ultra loose monetary policies saw gold and silver surge in all currencies yesterday. Gold rose $34.30 or 1.98% in New York and closed at $1,732.00. Silver soared to a high of $34.781 and finished with a gain of 4.34%.

Gold surged to a 6 month high in dollars, to very close to new record highs in euros and importantly to an all time record nominal high in Swiss francs (see chart below). Gold climbed as much as 2.2% in the “safe haven” Swiss franc to 1,657 per ounce.

Platinum topped $1,700 an ounce for the first time since March and silver and palladium also hit their highest prices in 6 months, as the Fed announced an open-ended debt buying program and promised to keep interest rates near zero until at least mid-2015.
From Goldcore:

Today’s AM fix was USD 1,772.50, EUR 1,359.70 and GBP 1,093.53 per ounce.
Yesterday’s AM fix was USD 1,730.50, EUR 1,339.81 and GBP 1,073.64 per ounce.

Silver is trading at $34.64/oz, €26.53/oz and £21.43/oz. Platinum is trading at $1,700.20/oz, palladium at $695.75/oz and rhodium at $1,050/oz.

Bernanke’s announcement of further money printing and ultra loose monetary policies saw gold and silver surge in all currencies yesterday. Gold rose $34.30 or 1.98% in New York and closed at $1,732.00. Silver soared to a high of $34.781 and finished with a gain of 4.34%.


XAU/USD Currency – (Bloomberg)

Gold surged to a 6 month high in dollars, to very close to new record highs in euros and importantly to an all time record nominal high in Swiss francs (see chart below). Gold climbed as much as 2.2% in the “safe haven” Swiss franc to 1,657 per ounce.

Platinum topped $1,700 an ounce for the first time since March and silver and palladium also hit their highest prices in 6 months, as the Fed announced an open-ended debt buying program and promised to keep interest rates near zero until at least mid-2015.


XAU/EUR Currency – (Bloomberg)

Commodities and oil surged alongside equities. Oil rose to $100 a barrel in New York for the first time since May after the Fed news while unrest in the Middle East and North Africa fanned concern that supplies will be threatened.

Commodities are set for the longest run of weekly gains since 2010. The Fed decision is fuelling expectations raw-material use will rise.

[Read more...]

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Look around. Take a good long and hard look because the data is becoming unsettling and it is pouring in from all over the world. In China, where a hard landing was thought to have been avoided; one moment please, not so fast. China’s industrial output is now the weakest since 2009 and the latest figures represent the seventh consecutive quarter of deceleration. Most troubling is that China’s sales to Europe declined -16.2% last month which is a huge drop off and shows clearly the recession that is taking place and worsening on the Continent. Estimates for Chinese third quarter growth are being reduced on an almost daily basis and loan demand has taken a drubbing. The world’s growth engine is sputtering and there will be consequences. In the other driver of Asian growth Japan is markedly weakening. GDP expanded at 2.3% in the last quarter which was down almost 50% from the first quarter of this year. A Bloomberg survey places growth at just 1.00% for this quarter and there may be a negative number by the fourth quarter.

CONTINUED HERE

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NASDAQ in Times Square, New York City, USA.

NASDAQ in Times Square, New York City, USA. (Photo credit: Wikipedia)

Recall what we said less than an hour ago: “what will most likely happen is a print in the mid to upper 380,000s, while last week’s number will be revised to a 390K+ print, allowing the media to once again declare that the number was an improvement week over week. In other words, SSDD.” SSDD it is: last week’s 386K number was revised to 389K, meaning the massive miss relative to expectations of 370K last week just got even worse. This is the 10th week in a row of misses to the weaker side and the 16th of the last 18. And while this week’s miss was whopping as usual, with expectations of 375K being soundly missed after the print came at 388K on its way back to 400K, the media can sleep soundly because the absolute lack of BLS propaganda means that the sequential progression is one of, you got it, improvement. In other words here is what the headlines in the Mainstream Media will be: “Initial claims improve over prior week.” In fact here it is from Bloomberg: “U.S. Initial Jobless Claims Fell 1,000 to 388,000 Last Week.” Absolutely brilliant.No propaganda. No data fudging. No manipulation at all. Just endless laughter at the desperation.

CONTINUED HERE

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As if the ‘risk-less’ dollar-swaps the Fed has extended to any and every major central bank were not enough, William Dudley just unashamedly admitted that the Fed now holds ‘a very small amount of European Sovereign Debt’. Explaining this position, as Bloomberg notes:

CONTINUED HERE

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As if we expected anything else from psychopaths

It seems America’s bankers are tired of all the abuse. They’ve decided to speak out.

True, they’re doing it from behind the ropeline, in front of friendly crowds at industry conferences and country clubs, meaning they don’t have to look the rest of America in the eye when they call us all imbeciles and complain that they shouldn’t have to apologize for being so successful.

But while they haven’t yet deigned to talk to protesting America face to face, they are willing to scribble out some complaints on notes and send them downstairs on silver trays. Courtesy of a remarkable story by Max Abelson at Bloomberg, we now get to hear some of those choice comments.

Read more:

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‘“I have my own army in the NYPD, which is the seventh biggest army in the world. I have my own State Department, much to Foggy Bottom’s annoyance. We have the United Nations in New York, and so we have an entree into the diplomatic world that Washington does not have,” The New York Observer quoted Bloomberg as saying during a speech at MIT university.

However, Bloomberg also raised the possibility that he might seek the presidency. He claimed the executive duties performed by mayors have prepared him for the White House better than other political positions.

“The difference between my level of government and other levels of government is that action takes place at the city level,” Mayor Bloomberg said.’

Read more: Rothschild Zionist Bloomberg: I am US Mini-President

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