Posts Tagged California
by: Tyler Durden
August 8, 2012
In what can only be the strangest and most worrisome coincidence, the Shell refinery in Martinez has just issued a public “Shelter-in-Place” emergency alert:
RESIDENTS IN MARTINEZ. ARE ADVISED TO SHELTER IN PLACE. GO INSIDE. CLOSE ALL WINDOWS AND DOORS. TURN OFF ALL HEATERS. AIR CONDITIONERS AND FANS. IF NOT USING THE FIREPLACE. CLOSE FIREPLACE DAMPERS AND VENTS. AND COVER CRACKS AROUND DOORS AND WINDOWS WITH TAPE OR DAMPED TOWELS. MEDIA NEWS NETWORKS WILL CONTINUE TO CARRY UPDATED EMERGENCY INFORMATION. STAY OFF THE TELEPHONE UNLESS YOU HAVE A LIFE THREATENING EMERGENCY.
August 4, 2012
Source Links and video text for Today’s Items are located at:
August 1, 2012
Source Links and video text for Today’s Items are located at:
July 31, 2012
July 26, 2012
If you were hoping for a recession in 2012, then you are going to be very happy with the numbers you are about to see. The U.S. economy is heading downhill just in time for the 2012 election. Retail sales have fallen for three months in a row for the first time since 2008, manufacturing activity is dropping like a rock, sales of new homes are declining again, consumer confidence has moved significantly lower and a depressingly small percentage of businesses anticipate hiring more workers in the coming months. Even though the Federal Reserve has been wildly pumping money into the financial system and even though the federal government has been injecting gigantic piles of borrowed cash into the economy, we still haven’t seen an economic recovery. In fact, we appear to be on the verge of yet another major downturn. In California the other night, Barack Obama told supporters that “we tried our plan — and it worked“, but only those that are still drinking the Obama kool-aid would believe something so preposterous. The truth is that the U.S. economy has been steadily declining for many years and now we have reached another very painful recession.
And don’t let the second quarter GDP number on Friday fool you. Analysts are expecting to see GDP growth of about 1.4 percent for the second quarter, but the only reason for our very small amount of “economic growth” is because the economy has been flooded with new dollars.
Let me give you an example. If I could go out overnight and magically double the bank accounts of every single American, would we all be twice as wealthy?
No, because there would be twice as many dollars now chasing the same amount of goods and services. The price of those goods and services would soon rise dramatically to reflect this new reality.
With all of those new dollars spinning around in the economy it would look like “economic growth” was going through the roof, but in reality the amount of real economic activity would be about the same.
So whenever we talk about GDP, we need to adjust it for inflation.
So let’s not deceive ourselves. The U.S. economy has been declining for a long time.
But soon even non-inflation adjusted GDP will turn negative. We will probably see a slightly positive number for the second quarter, and the number will likely go negative either in the third quarter or the fourth quarter.
Economists will debate when this new recession officially “began” just like they do with every recession, but it doesn’t take a genius to figure out what is happening to our economy right now.
The following are 17 reasons why those hoping for a recession in 2012 just got their wish….
1. U.S. retail sales have declined for three months in a row. This is the first time this has happened since 2008. Every other time this has happened in U.S. history (except for once) this has signaled that the U.S. economy was either already in a recession or was about to enter one.
Seven out of eight times when the average reading has been that low (-11.8) for that long the U.S. economy has tipped into recession.
3. Manufacturing activity in the mid-Atlantic region has also declined for three months in a row. In fact, the only time in the past decade when manufacturing activity in the mid-Atlantic has fallen more dramatically was during the last recession.
4. A factory index calculated by the Institute for Supply Management has fallen to its lowest level since June 2009.
5. The Conference Board index of leading economic indicators has fallen for two of the past three months.
6. According to a recent survey conducted by the Conference Board, only 17 percent of CEOs had a positive view of the economy during the second quarter of 2012. During the first quarter of 2012, 67 percent did.
Police Try to Buy Videos From Witnesses After Releasing Attack Dog on Families and Firing Rubber Bullets
by: Madison Ruppert
July 23, 2012
Police in Anaheim, California have a lot of explaining to do after attempting to buy the videos captured by witnesses after shooting people with rubber bullets and releasing an attack dog on a crowd including a mother and her child.
Trying to actually buy the video from the witnesses is, at least in my opinion, a novel tactic in the ongoing war on accountability.
The video (at the bottom of the post) is nothing short of disturbing as it shows police shooting seemingly wildly into a crowd which includes young children and, most troubling of all, it even shows police releasing a dog which heads straight for a mother and her child.
The mother was able to react quickly enough to get her child out of harm’s way but a bystander wasn’t so lucky. We see the dog clamp down on his arm in the video as he is struggling to break free from the jaws of the police attack dog while officers try to separate them.
The individuals gathered in order to protest the shooting – which they maintain was unjustified – of a young man at the hands of police.
The shooting occurred on Saturday around 4 PM in front of an apartment complex after a foot chase, according to Orange County Sergeant Bob Dunn, quoted by the Associated Press.
Dunn refused to even say why exactly they shot the man, instead opting to say that the details of the incident are currently under investigation by the Orange County District Attorney’s Office.
While the family of the man shot by police as well as neighbors all identified him as Manuel Diaz, Dunn could not initially confirm the individual’s name.
However, later the above linked story was updated in order to reflect that24-year-old Manuel Diaz was identified although there is still an investigation into what actually led the police to kill him.
The 16-year-old nice of Diaz, Daisy Gonzalez, informed the Orange County Register that her uncle probably fled because he had previous negative experiences with law enforcement.
“an angry group of people began yelling and throwing bottles at them.”
While the people did not look all too aggressive, they were referred to as “an unruly crowd” and the scene was described as “a near riot.”
From the clips published from eyewitness video, we cannot see anything of the sort. We only see cops shooting rubber bullets left and right at women and children, releasing an attack dog and families fleeing the chaos.
by: Carl Herman
July 22, 2012
The Los Angeles Times reported California’s Department of Parks and Recreation tried to hide $54 million in account surpluses while claiming a $22 million budget deficit would “force” 70 park closures.
Director Ruth Coleman resigned; second-in-command Michael Harris was fired.
This story is repeated in California state accounts to the sum of $600 billion in surplus assets; documented in the state’s Comprehensive Annual Financial Report (CAFR).
I e-mailed the two reporters to commend their work and invite reporting of the larger picture that similarly implicates CA Governor Jerry Brown, both parties’ “leadership,” and my very own two state representatives who chose “no comment” upon five weeks of my work to have them simply affirm this data.