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  • Irish Republic banks 'for sale'
    IMF funding as a kind of a backstop for the banking system Stock markets around the world fell on Tuesday as a result of fears both that the bail out may not resolve the Republic s debt crisis and that other countries with high budget deficits may be forced to ask for assistance Forced disposal Among the stocks hit hardest were Bank of Ireland which slumped 27 and Allied Irish Bank which fell 14 I ve been an advocate for many years of the value for small countries to have foreign owners for their banks because the risk is carried by the foreign owners Mr Honohan said Analysts said that the government would have to accept a cut price deal in the event of any sale We are of the view that any fast track forced disposal of assets will more than likely have to come at a discount to book value said Ciaran Callaghan at NCB in Dublin Mr Honohan also said that plans for a so called bad bank known as the National Assets Management Agency NAMA designed to buy up the bad debts of the big Irish banks had not worked as planned NAMA has not had

    Original URL path: http://www.911omissionreport.com/banks_for_sale.html (2016-02-14)
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  • Buffett to taxpayers: Get over your anger
    based Berkshire Hathaway Inc said in an interview broadcast Thursday I hope we get over it pretty soon because it s not productive Buffett said We will come back regardless of how people feel about Washington but it is not helpful to have people as unhappy as they are about what s going on in Washington More than three quarters of U S investors view Obama as anti business and are pessimistic about his policies a Bloomberg survey this month indicated The U S unemployment rate is 9 6 percent even after an 814 billion stimulus measure enacted last year and other government actions The Federal Reserve has kept the benchmark overnight lending rate target close to zero and said this week that it was prepared to ease policy further The truth is we re running a federal deficit that s 9 percent of gross domestic product Buffett said That s stimulative as all get out It s more stimulative than any policy we ve followed since World War II Buffett also said that the economy remains in a recession by his definition because most people and businesses still aren t doing as well as they were before the financial

    Original URL path: http://www.911omissionreport.com/buffett_taxpayers.html (2016-02-14)
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  • Warren Buffet May Owe A Billion Dollars In Back Taxes
    but are allowed to classify our income as carried interest thereby getting a bargain 15 percent tax rate Others own stock index futures for 10 minutes and have 60 percent of their gain taxed at 15 percent as if they d been long term investors These and other blessings are showered upon us by legislators in Washington who feel compelled to protect us much as if we were spotted owls or some other endangered species It s nice to have friends in high places That s right serfs anything your benevolent leaders in Washington allow you to keep is a blessing that has been showered upon you All money rightfully belongs to the State It s about time you spotted owls got with the program Funny thing is it turns out Buffett was being shall we say disingenuous when he claimed his leaders never got around to asking for his shared sacrifice His company Berkshire Hathaway has been fighting the IRS tooth and nail to avoid paying its federal tax bill for nearly a decade How much of the State s rightful money has this hypocrite been clutching in a white knuckled death grip Oh only about a billion dollars or so Bill Wilson of Americans for Limited Government tallies up the bill Using only publicly available documents a certified public accountant CPA detailed Berkshire Hathaway s tax problems to ALG researcher Richard McCarty Now the American people have a better idea of how much in back taxes the company could owe Uncle Sam According to page 56 of the company report At December 31 2010 net unrecognized tax benefits were 1 005 million or about 1 billion McCarty explained Unrecognized tax benefits represent the company s potential future obligation to the IRS and other taxing authorities They have to

    Original URL path: http://www.911omissionreport.com/buffet_owes_billion.html (2016-02-14)
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  • Christine Lagarde, scourge of tax evaders, pays no tax
    who was forced to resign after he faced charges later dropped of sexually attacking a New York hotel maid Lagarde 56 receives a pay and benefits package worth more than American president Barack Obama earns from the United States government and he pays taxes on it The same applies to nearly all United Nations employees article 34 of the Vienna convention on diplomatic relations of 1961 which has been signed by 187 states declares A diplomatic agent shall be exempt from all dues and taxes personal or real national regional or municipal According to Lagarde s contract she is also entitled to a pay rise on 1 July every year during her five year contract Base salaries range from 46 000 to 80 521 Senior salaries range between 95 394 and 123 033 but these are topped up with adjustments for the cost of living in different countries A UN worker based in Geneva for example will see their base salary increased by 106 in Bonn by 50 6 Paris 62 and Peshawar 38 6 Even in Juba the capital of South Sudan one of the poorest areas of the world a UN employee s salary will be increased by

    Original URL path: http://www.911omissionreport.com/pays_no_tax.html (2016-02-14)
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  • Herman Cain to Occupy Wall Street protesters: If you're not rich 'blame yourself'
    Obama I don t have the facts to back this up but I happen to believe that these demonstrations are planned and orchestrated to distract from the failed policies of the Obama Administration Cain told the Wall Street Journal The Tea Party favorite then argued that the plight of the unemployed was their own fault Don t blame Wall Street don t blame the big banks if you don t have a job and you re not rich blame yourself It is not someone s fault if they succeeded it is someone s fault if they failed the ex Godfather s Pizza CEO declared The fiery remarks come as protest organizers plan for their biggest demonstrations yet at least 2 000 people are expected to gather in lower Manhattan Wednesday Last week 700 protesters who spilled onto the streets near the Brooklyn Bridge were arrested on charges of disorderly conduct Cain acknowledged that the banking industry played a role in the 2008 economic meltdown but argued they were no longer responsible They did have something to do with the crisis that we went into in 2008 but we re not in 2008 we re in 2011 Cain said These demonstrations

    Original URL path: http://www.911omissionreport.com/blame_yourself.html (2016-02-14)
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  • Cleaners 'worth more to society' than bankers - study
    total contribution various jobs make to society including for the first time the impact on communities and environment Eilis Lawlor spokeswoman for the New Economics Foundation said Pay levels often don t reflect the true value that is being created As a society we need a pay structure which rewards those jobs that create most societal benefit rather than those that generate profits at the expense of society and the environment She said the aim of the research was not to target individuals in highly paid jobs or suggest people in low paid jobs should earn more The point we are making is more fundamental that there should be a relationship between what we are paid and the value our work generates for society We ve found a way to calculate that she said A total of six different jobs were analysed to assess their overall value These are the study s main findings The elite banker Rather than being wealth creators bankers are being handsomely rewarded for bringing the global financial system to the brink of collapse Paid between 500 000 and 80m a year leading bankers destroy 7 of value for every pound they generate Childcare workers Both for families and society as a whole looking after children could not be more important As well as providing a valuable service for families they release earnings potential by allowing parents to continue working For every pound they are paid they generate up to 9 50 worth of benefits to society Hospital cleaners Play a vital role in the workings of healthcare facilities They not only clean hospitals and maintain hygiene standards but also contribute to wider health outcomes For every pound paid over 10 in social value is created Advertising executives The industry encourages high spending and indebtedness It

    Original URL path: http://www.911omissionreport.com/bankers_worth_less.html (2016-02-14)
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  • Markets meltdown leads to surge in City addictions
    City based bar staff have recently been convicted for dealing In March Anthony Alexander a 47 year old bar manager who sold cocaine alongside cocktails was jailed for three and a half years after a raid by 30 officers on Bar 9 near Finsbury Square At the time the City of London police said It is an unusual case for the City of London but it shows that the drug is out there Daniel believes the City s macho risk taking culture plays a part in addiction His supervisors weren t interested in him as a person he says only the profit he was generating and quickly the power and the money proved too much He even stole money from his parents to buy drugs despite his huge earnings According to Kingdon City workers often buy their coke from colleagues rather than standard drug dealers Kingdon is himself a recovering drug addict and alcoholic who says the carnage of his former life led to him becoming a football hooligan At the age of 26 he ended up in a psychiatric unit Since then Kingdon has turned his life around and has used his experiences to advise others including spells working with addicts inside Swaleside and Belmarsh prisons before private clients urged him to set up a City based business three years ago to cope with the demand There s no doubt the City has a sizeable and growing addiction problem and the current market turmoil isn t helping But addiction isn t restricted to a specific industry It s an illness that s part of human nature and pops up everywhere Last year the UK topped the European league table for cocaine use and now even outstrips the levels seen in the US according to the annual report of the

    Original URL path: http://www.911omissionreport.com/markets_addictions.html (2016-02-14)
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  • Food Stamp Recipients at Record 41.8 Million Americans in July, U.S. Says
    Recipients of Supplemental Nutrition Assistance Program subsidies for food purchases jumped 18 percent from a year earlier and increased 1 4 percent from June the U S Department of Agriculture said today in a statement on its website Participation has set records for 20 straight months Unemployment in September may have reached 9 7 percent according to a Bloomberg News survey of analysts in advance of the release of last

    Original URL path: http://www.911omissionreport.com/food_stamps.html (2016-02-14)
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