XIAM007

Making Unique Observations in a Very Cluttered World

Thursday, 28 February 2013

British terror suspects quietly stripped of citizenship… then killed by drones -


British terror suspects quietly stripped of citizenship… then killed by drones - 


The Government has secretly ramped up a controversial programme that strips people of their British citizenship on national security grounds – with two of the men subsequently killed by American drone attacks.
An investigation by the Bureau of Investigative Journalism for The Independent has established that since 2010, the Home Secretary, Theresa May, has revoked the passports of 16 individuals, many of whom are alleged to have had links to militant or terrorist groups.
Critics of the programme warn that it allows ministers to “wash their hands” of British nationals suspected of terrorism who could be subject to torture and illegal detention abroad.
They add that it also allows those stripped of their citizenship to be killed or “rendered” without any onus on the British Government to intervene.

At least five of those deprived of their UK nationality by the Coalition were born in Britain, and one man had lived in the country for almost 50 years. Those affected have their passports cancelled, and lose their right to enter the UK – making it very difficult to appeal against the Home Secretary’s decision. Last night the Liberal Democrats’ deputy leader Simon Hughes said he was writing to Ms May to call for an urgent review into how the law was being implemented.

The leading human rights lawyer Gareth Peirce said the present situation “smacked of mediaeval exile, just as cruel and just as arbitrary”.

Ian Macdonald QC, the president of the Immigration Law Practitioners’ Association, described the citizenship orders as “sinister”.

“They’re using executive powers and I think they’re using them quite wrongly,” he said.  “It’s not open government; it’s closed, and it needs to be exposed.”

Laws were passed in 2002 enabling the Home Secretary to remove the citizenship of any dual nationals who had done something “seriously prejudicial” to the UK, but the power had rarely been used before the current government took office.

The Bureau’s investigation has established the identities of all but four of the 21 British passport holders who have lost their citizenship, and their subsequent fates. Only two have successfully appealed – one of whom has since been extradited to the US.

Read more - 
http://www.independent.co.uk/news/uk/crime/british-terror-suspects-quietly-stripped-of-citizenship-then-killed-by-drones-8513858.html

STUDY: Women More Overweight Because They Do Less Vacuuming and Laundry... -


STUDY: Women More Overweight Because They Do Less Vacuuming and Laundry... - 


One reason so many American women are overweight may be that we are vacuuming and doing laundry less often, according to a new study that, while scrupulously even-handed, is likely to stir controversy and emotions.

The study, published this month in PLoS One, is a follow-up to an influential 2011 report which used data from the U.S. Bureau of Labor Statistics to determine that, during the past 50 years, most American workers began sitting down on the job. Physical activity at work, such as walking or lifting, almost vanished, according to the data, with workers now spending most of their time seated before a computer or talking on the phone. Consequently, the authors found, the average American worker was burning almost 150 fewer calories daily at work than his or her employed parents had, a change that had materially contributed to the rise in obesity during the same time frame, especially among men, the authors concluded.

But that study, while fascinating, was narrow, focusing only on people with formal jobs. It overlooked a large segment of the population, namely a lot of women.

“Fifty years ago, a majority of women did not work outside of the home,” said Edward Archer, a research fellow with the Arnold School of Public Health at the University of South Carolina in Columbia, and lead author of the new study.

So, in collaboration with many of the authors of the earlier study of occupational physical activity, Dr. Archer set out to find data about how women had once spent their hours at home and whether and how their patterns of movement had changed over the years.

He found the information he needed in the American Heritage Time Use Study, a remarkable archive of “time-use diaries” provided by thousands of women beginning in 1965. Because Dr. Archer wished to examine how women in a variety of circumstances spent their time around the house, he gathered diaries from both working and non-employed women, starting with those in 1965 and extending through 2010.

He and his colleagues then pulled data from the diaries about how many hours the women were spending in various activities, how many calories they likely were expending in each of those tasks, and how the activities and associated energy expenditures changed over the years.

As it turned out, their findings broadly echoed those of the occupational time-use study. Women, they found, once had been quite physically active around the house, spending, in 1965, an average of 25.7 hours a week cleaning, cooking and doing laundry. Those activities, whatever their social freight, required the expenditure of considerable energy. (The authors did not include child care time in their calculations, since the women’s diary entries related to child care were inconsistent and often overlapped those of other activities.) In general at that time, working women devoted somewhat fewer hours to housework, while those not employed outside the home spent more.

Forty-five years later, in 2010, things had changed dramatically. By then, the time-use diaries showed, women were spending an average of 13.3 hours per week on housework.

More striking, the diary entries showed, women at home were now spending far more hours sitting in front of a screen. In 1965, women typically had spent about eight hours a week sitting and watching television. (Home computers weren’t invented yet.)

By 2010, those hours had more than doubled, to 16.5 hours per week. In essence, women had exchanged time spent in active pursuits, like vacuuming, for time spent being sedentary.

In the process, they had also greatly reduced the number of calories that they typically expended during their hours at home. According to the authors’ calculations, American women not employed outside the home were burning about 360 fewer calories every day in 2010 than they had in 1965, with working women burning about 132 fewer calories at home each day in 2010 than in 1965.

“Those are large reductions in energy expenditure,” Dr. Archer said, and would result, over the years, in significant weight gain without reductions in caloric intake.

What his study suggests, Dr. Archer continued, is that “we need to start finding ways to incorporate movement back into” the hours spent at home.

This does not mean, he said, that women — or men — should be doing more housework. For one thing, the effort involved is such activities today is less than it once was. Using modern, gliding vacuum cleaners is less taxing than struggling with the clunky, heavy machines once available, and thank goodness for that.

Nor is more time spent helping around the house a guarantee of more activity, over all. A telling 2012 study of television viewing habits found that when men increased the number of hours they spent on housework, they also greatly increased the hours they spent sitting in front of the TV, presumably because it was there and beckoning.

Instead, Dr. Archer said, we should start consciously tracking what we do when we are at home and try to reduce the amount of time spent sitting. “Walk to the mailbox,” he said. Chop vegetables in the kitchen. Play ball with your, or a neighbor’s, dog. Chivvy your spouse into helping you fold sheets. “The data clearly shows,” Dr. Archer said, that even at home, we need to be in motion.

Read more - 
http://well.blogs.nytimes.com/2013/02/27/what-housework-has-to-do-with-waistlines/

Animal Obesity A Growing Problem In The US -


Animal Obesity A Growing Problem In The US - 


Much like their human owners, animals have to deal with unwanted weight, too.

KCAL9’s Sibila Vargas reported that animal obesity is an epidemic across the country with more than 50 percent of pets now overweight.

Natasha, who owns an adorable dog named Colonel, said she knows her furry friend has overindulged in food.

“Every time he goes up the stairs, he expects a treat. You spoil them and then you don’t realize what you’re doing,” she said.

For the past few months, Natasha has been working with Dr. Jeff Werber, a Los Angeles veterinarian, to help her dog lose those stubborn extra pounds.

Werber said cutting calories is the key.

“If you looked at the calorie content of those treats, it would comprise probably one of their two meals. So by doing this on a daily basis, giving them 30, 40 percent more calories than they need, you can imagine what’s gonna happen after a few years,” he said.

To figure out if a pet is on the heavy side, Werber said, “You want to see an indentation in the waist. When you see them like a box, that’s too big, it’s like a coffee table. Likewise, if you can grab too much skin, it’s too much. You want to be able to feel the ribs, not see them, but feel them.”

Vargas offered these simple tips for owners with obese pets:

Talk To A Vet
The animal may have an underlying health condition that’s causing the weight gain.

Watch Them At Meal Time
Make sure the animals only eat their own food.

Give Pets Healthy Treats
Apples, carrots, lean chicken and turkey are great options.

Exercise, Exercise, Exercise
Werber recommended a 20-minute brisk walk each day for dogs.

“The bigger they are, the less they want to do. The less they do, the bigger they get. We need to overcome that by forcing them to get out there,” he said.

Swimming is also a “low-impact” form of exercise that’s great for overweight dogs.

Water therapist Yvonne Gast said, “It’s non-weight-bearing and there’s no stress on their joints. They’re able to move freely in the water…it’s much easier for them to burn off the calories.”

Read more - 
http://losangeles.cbslocal.com/2013/02/26/animal-obesity-a-growing-problem-in-the-us/

Wednesday, 27 February 2013

Variety announced it is dropping the paywall from its online edition this Friday -


Variety announced it is dropping the paywall from its online edition this Friday - 

The publication, founded in 1905, also announced it is dropping the paywall from its online edition this Friday, which limited the readership of its articles to subscribers.

"Internally, we've been referring to the paywall dropping as 'the end of an error,'" said Jay Penske, chairman and CEO of Penske Media Corporation, which together with hedge fund Third Point purchased the newspaper last year from Reed Elsevier (ENL).
The new weekly version of the print edition will debut March 26, said the company. The announcement did not say whether there would be any staff cuts as a result of the move. It also announced that its editor-in-chief post would now be shared by three people, naming Claudia Eller, Cynthia Littleton and Andrew Wallenstein to the joint post and marking the first time a woman has held the editor-in-chief title at the paper.
Related: Record year for Hollywood box office
Variety is well known in Los Angeles and New York for its coverage of movies, television, theater and music. It also is known for its clever headlines. A 1935 headline, "Sticks nix hick pix," on a story about how rural audiences don't like movies about rural life, is considered one of the most famous headlines on any U.S. newspaper.
Traditional print media has been struggling in recent years as both readers and advertisers have shifted to online media. The costs involved in publishing a print edition, including newsprint and delivery expense, have prompted some other daily newspapers to drop some of their print editions. Notable among them is the New Orleans Times-Picayune, which dropped its print schedule to three times a week last year.

Read more - 
http://money.cnn.com/2013/02/27/news/companies/variety-print-edition/index.html?hpt=hp_t2

More water and less buzz in Budweiser and Michelob beer -


More water and less buzz in Budweiser and Michelob beer - 


Beer lovers across the U.S. have filed $5 million class-action lawsuits accusing Anheuser-Busch of watering down its Budweiser, Michelob and other brands.
The suits, filed in Pennsylvania, California and other states, claim consumers have been cheated out of the alcohol content stated on labels. Budweiser and Michelob each boast of being 5 percent alcohol, while some "light" versions are said to be just over 4 percent.
The lawsuits are based on information from former employees at the company's 13 U.S. breweries, some in high-level plant positions, according to lead lawyer Josh Boxer of San Rafael, Calif.
"Our information comes from former employees at Anheuser-Busch, who have informed us that as a matter of corporate practice, all of their products mentioned (in the lawsuit) are watered down," Boxer said. "It's a simple cost-saving measure, and it's very significant."
The excess water is added just before bottling and cuts the stated alcohol content by 3 percent to 8 percent, he said.
Anheuser-Busch InBev called the claims "groundless" and said its beers fully comply with labeling laws.
"Our beers are in full compliance with all alcohol labeling laws. We proudly adhere to the highest standards in brewing our beers, which have made them the best-selling in the U.S. and the world," Peter Kraemer, vice president of brewing and supply, said in a statement.
The suit involves 10 Anheuser-Busch products: Budweiser, Bud Ice, Bud Light Platinum, Michelob, Michelob Ultra, Hurricane High Gravity Lager, King Cobra, Busch Ice, Natural Ice and Bud Light Lime.


Read more: - 
http://www.foxnews.com/leisure/2013/02/26/more-water-less-buzz-in-bud-michelob-beer-lawsuit-claims/?intcmp=features

Seniors Catching STDs at Record Rates... - Randy grands take over online realm -


Seniors Catching STDs at Record Rates... - Randy grands take over online realm - 
old people STDs

Old folks hunting for flings exploded last year as seniors gleefully look to play the field online.

Ourtime.com membership sprung from 1 million to 2.5 million singles in just the last nine months, and now the three biggest love sites for grannys and granpops — Senior People Meet, Seniors Meet and Ourtime.com — share more than four million people combined.

"I have hundreds of men trying to hang out with me," 68-year-old Liz Defore brags of her online dating frenzy.

The Southern California native joined a slew of dating sites last year after breaking up with her 48-year-old boy toy. Now she basks in male attention as more than 600 men have come running after her self-described girlish looks and youthful mind. Meanwhile, she happily scours profiles, finding herself hot metrosexuals who slather on moisturizer, manicure their fingernails and ball out at rock concerts.

“My man can’t act like a fart! I’d rather stick pins in my eyes,” says Defore.

Grey-haired singles like Defore are happily recharging their love lives online as each one averages 10 messages a month from potential partners and gets their profiles checked out 50 times every 30 days.

And the fun leaps right from the computer into the bedroom. Seniors are catching STDs at record rates; the number of 50, 60 and 70 year olds getting chlamydia, syphilis and gonorrhea doubled in the past decade. The US Center for Disease Control and Prevention reports cases of chlamydia and syphilis in older kin ballooning to more than 19,000 and 2,500, respectively.

Longer life expectancy, climbing divorce rates and recharged libidos are behind the surge in online and offline love affairs.

“I went out on a date at least once a week. You know there are things that are fun in life, and that was fun for me!” gushes 68-year-old Judy Tatman of her escapades following her husband’s death.

She rendezvoused with more than 35 suitors over her year of using Ourtime.com and gallivanted around the country from Oregon and Arizona to Kansas and New York. Tatman indulged in tasty home-cooked meals, lovely homes and at least one Jacuzzi sex-fest with an online catch.

“I thought, oh my God, I hardly know this man! This is ridiculous!” she giggled.

Shirtless, weathered men snapped and emailed photos of themselves for Tatman’s delight, and others even sexily undressed in front of their Web cams. One man sent her a picture of his manhood for her viewing pleasure.

“And I’m thinking, is this supposed to make me hot or something?” she laughed.

Her online studs varied in shape, size, color and age. Some men as young as their thirties happily went after her. “They were younger than my son! But I’m a pretty chick,” she said.

Tatman and Defore claim they’re conservative when it comes to jumping into the sack though. The former slept with three men, including her current live-in partner, during her year-long online dating venture. Meanwhile, Defore hasn’t met anyone sexy enough to jump into the sack with yet.

“Ew, yuck! They look too old. Or they don’t have teeth. They’re yahoos with baseball caps!” she says.

She’s still looking for someone to change her mind. Happy hunting!

Read more - 
http://www.nypost.com/p/news/national/randy_grands_doubles_over_online_IEOb1iAdWcmEM4sLnIU1YN

Tuesday, 26 February 2013

World's first space tourist plans mission to the Red Planet when it makes its nearest approach to Earth in 2018 -


World's first space tourist plans mission to the Red Planet when it makes its nearest approach to Earth in 2018 - 


It has been a long-cherished dream of space enthusiasts, as well as lovers of science fiction, but now it seems that someone has finally come up with an ambitious – and some say realistic – plan to send two astronauts to Mars in just five years’ time.

Tomorrow at the National Press Club in Washington, multi-millionaire Dennis Tito – the world’s first space tourist – is expected to reveal how he hopes to launch a privately-funded mission to Mars in 2018, when the Red Planet makes its nearest approach to Earth.

Little is known about the “Inspiration Mars” mission accept that it is Tito’s brainchild and that he has garnered some high-profile supporters, including Jonathan Clark, the associate professor of neurology at Baylor College of Medicine who has flown on the Space Shuttle six times as the crew’s surgeon.

Dr Clark told The Independent that he is not supposed to talk about the mission until all is revealed at the Washington press conference this evening, but he dismissed suggestions that the plan is not a serious one.

“I wouldn’t be involved if I didn’t think that there was something to it. I don’t want to pre-empt the announcement, but it’s a very in-depth study that has gone into it,” Dr Clark said.

The Inspiration Mars mission will send two astronauts on a simple return trip to Mars, flying around the far side of the planet once but without going into orbit.

Scientifically, the 501-day mission will accomplish next to nothing. The probes, landers and robots that have already been sent to Mars have sent back far more interesting and useful information than this simple manned mission is ever going to be able to gather.

However, in terms of human endurance and psychology, the mission could set new precedents in space exploration. For 17 months, two people will experience what it is like to be cooped up together in a space module not much bigger than a small bathroom with the ever-present risk of something going fatally wrong.

Technically, it is known as a return fly-by, meaning that it will need the smallest amount of fuel to get there and back again. If anything goes wrong, the spacecraft should make its own way back to Earth – but with no possibility of any short-cuts home.

Anyone who knows anything about the immense problems of manned missions to Mars will want to hear about how Tito intends to raise the estimated $1.5bn-$2bn (£1bn-£1.3bn) that it will cost to send two people to Mars and back again.

Tito, a former Nasa scientist who made his fortune in financial investment, is believed to be in contact with other self-made billionaires with an interest in space flight, including Elon Musk, the Paypal entrepreneur and founder of SpaceX, the private space company.

One possibility is that a privately-funded mission could raise money through TV rights and internet deals. The public could be invited to pay for exclusive access to on-board camcorders or the privilege of talking to the crew – some commentators have even suggested some kind of reality TV deal.

Anu Ojha, the director of the UK National Space Academy in Leicester, said that the global space community is agog at the thought that a group of extremely wealthy individuals could club together to fund a “quick and simple” manned mission to the Red Planet.

“I am more excited about this than any human spaceflight story I’ve seen or heard about being planned since I was a kid – but it all depends on the funding question,” Dr Ojha said.

Read more - 
http://www.independent.co.uk/news/science/the-millionaire-and-his-mission-to-mars-8512034.html

Monday, 25 February 2013


Scientists claim 72 is the new 30 -



Human longevity has improved so rapidly over the past century that 72 is the new 30, scientists say.
Researchers at the Max Planck Institute for Demographic Research in Rostock, Germany, said progress in lowering the odds of death at all ages has been so rapid since 1900 that life expectancy has risen faster than it did in the previous 200 millennia since modern man began to evolve from hominid species.

The pace of increase in life expectancy has left industrialised economies unprepared for the cost of providing retirement income to so many for so long.
The study, published in the Proceedings of the National Academy of Sciences of the United States, looked at Swedish and Japanese men – two countries with the longest life expectancies today. It concluded that their counterparts in 1800 would have had lifespans that were closer to those of the earliest hunter-gatherer humans than they would to adult men in both countries today.
Those primitive hunter gatherers, at age 30, had the same odds of dying as a modern Swedish or Japanese man would face at 72.
Scientists who worked on the study said it was unclear what the possible upper limit for life expectancy would be. “How much longer can we extend life?” said Oskar Burger, lead researcher on the study. “We just don’t know.”
The study did not try to draw conclusions about whether the extension of human life was moral or desirable, or whether it could occur without depleting the faculties needed to enjoy the extra years.
Instead, it tried to look at how the odds of dying at specific ages had changed over time. The researchers used longevity data from chimpanzees in captivity to estimate lifespans for pre-humans and data from modern day hunter-gatherer tribes as a benchmark for early human lifespans.
“The recent jumps in mortality reduction are remarkable in the context of mammal diversity because age-specific death rates for hunter-gatherers are already exceptionally low, probably among the lowest of any non-human primate,” the study noted.
In fact, the rate at which human life expectancy is rising is even faster than that achieved by scientists when they tried to breed organisms such as fruit flies to create genetically engineered long-living species. Although these experiments produced sharp rises in longevity, the rise in human longevity over the past century, which is not based on genetic improvements, has been much starker.
Mr Burger noted that the very rapid improvement in lifespans coincided with the invention of antibiotics and vaccines, huge improvements in agricultural efficiency that made food far more available and the widespread development of systems that made clean water more readily accessible.
Human mortality, he added, has shown itself to be far more “plastic” and capable of manipulation than anyone had imagined.

Read more - 
http://dailyme.com/story/2013022500003363/scientists-claim-72-is-the-new-30

Vulcan, Spock's homeworld, to be pinpointed around Pluto -


Vulcan, Spock's homeworld, to be pinpointed around Pluto - 


The votes are in, and it looks like 'Vulcan' could be the new name for one of Pluto's smallest moons.
After weeks of online ballot casting by people around the world, the poll asking the public to name two of Pluto's moons — currently called P4 and P5 — ended Monday, Feb. 25.
As of 12 p.m. (1700 GMT), the polls closed with a total of 450,324 total votes cast since Feb. 11 with 'Vulcan,' a Pluto moon name proposed by Star Trek's William Shatner, the clear winner.
"174,062 votes and Vulcan came out on top of the voting for the naming of Pluto's moons. Thank you to all who voted! MBB," wrote Shatner via Twitter.
Cerberus came in a clear second with nearly 100,000 votes.
Vulcan was a late addition to the Pluto moon name contenders, and pulled into the lead after Shatner, building on his Capt. James T. Kirk persona, plugged the name on Twitter. Vulcan, the home planet of Kirk's alien-human hybrid first officer Spock, is not just a fictional world in the Star Trek universe. It is also the name of the god of fire in Roman mythology, and officials at SETI added the sci-fi favorite to the ballot for that reason.
"Vulcan is the Roman god of lava and smoke, and the nephew of Pluto. (Any connection to the Star Trek TV series is purely coincidental, although we can be sure that Gene Roddenberry read the classics)," wrote SETI scientist Mark Showalter in a blog officially adding the name to the list on Feb. 12. "Thanks to William Shatner for the suggestion!"


Read more: - 
http://www.foxnews.com/science/2013/02/25/vulcan-and-cerberus-win-pluto-moon-naming-poll/?intcmp=features

50 Signs That The U.S. Health Care System Is A Gigantic Money Making Scam That Is About To Collapse -


50 Signs That The U.S. Health Care System Is A Gigantic Money Making Scam That Is About To Collapse - 




The U.S. health care system is a giant money making scam that is designed to drain as much money as possible out of all of us before we die.  In the United States today, the health care industry is completely dominated by government bureaucrats, health insurance companies and pharmaceutical corporations.  The pharmaceutical corporations spend billions of dollars to convince all of us to become dependent on their legal drugs, the health insurance companies make billions of dollars by providing as little health care as possible, and they both spend millions of dollars to make sure that our politicians in Washington D.C. keep the gravy train rolling.  Meanwhile, large numbers of doctors are going broke and patients are not getting the care that they need.  At this point, our health care system is a complete and total disaster.  Health care costs continue to go up rapidly, the level of care that we are receiving continues to go down, and every move that our politicians make just seems to make all of our health care problems even worse.  In America today, a single trip to the emergency room can easily cost you $100,000, and if you happen to get cancer you could end up with medical bills in excess of a million dollars.  Even if you do have health insurance, there are usually limits on your coverage, and the truth is that just a single major illness is often enough to push most American families into bankruptcy.  At the same time, hospital administrators, pharmaceutical corporations and health insurance company executives are absolutely swimming in huge mountains of cash.  Unfortunately, this gigantic money making scam has become so large that it threatens to collapse both the U.S. health care system and the entire U.S. economy.

The following are 50 signs that the U.S. health care system is a massive money making scam that is about to collapse…

#1 Medical bills have become so ridiculously large that virtually nobody can afford them.  Just check out the following short excerpt from a recent Time Magazine article.  One man in California that had been diagnosed with cancer ran up nearly a million dollars in hospital bills before he died…

By the time Steven D. died at his home in Northern California the following November, he had lived for an additional 11 months. And Alice had collected bills totaling $902,452. The family’s first bill — for $348,000 — which arrived when Steven got home from the Seton Medical Center in Daly City, Calif., was full of all the usual chargemaster profit grabs: $18 each for 88 diabetes-test strips that Amazon sells in boxes of 50 for $27.85; $24 each for 19 niacin pills that are sold in drugstores for about a nickel apiece. There were also four boxes of sterile gauze pads for $77 each. None of that was considered part of what was provided in return for Seton’s facility charge for the intensive-care unit for two days at $13,225 a day, 12 days in the critical unit at $7,315 a day and one day in a standard room (all of which totaled $120,116 over 15 days). There was also $20,886 for CT scans and $24,251 for lab work.

#2 This year the American people will spend approximately 2.8 trillion dollars on health care, and it is being projected that Americans will spend 4.5 trillion dollars on health care in 2019.

#3 The United States spends more on health care than Japan, Germany, France, China, the U.K., Italy, Canada, Brazil, Spain and Australia combined.

#4 If the U.S. health care system was a country, it would be the 6th largest economy on the entire planet.

#5 Back in 1960, an average of $147 was spent per person on health care in the United States. By 2009, that number had skyrocketed to$8,086.

#6 Why does it cost so much to stay in a hospital today?  It just does not make sense.  Just check out these numbers…

In 1942, Christ Hospital, NJ charged $7 per day for a maternity room. Today it’s $1,360.

#7 Approximately 60 percent of all personal bankruptcies in the United States are related to medical bills.

#8 One study discovered that approximately 41 percent of all working age Americans either have medical bill problems or are currently paying off medical debt.

#9 The U.S. health care industry has spent more than 5 billion dollarson lobbying our politicians in Washington D.C. since 1998.

#10 According to the Association of American Medical Colleges, the U.S. is  currently experiencing a shortage of at least 13,000 doctors.  Unfortunately, that shortage is expected to grow to 130,000 doctorsover the next 10 years.

#11 The state of Florida is already dealing with a very serious shortage of doctors…

Brace yourself for longer lines at the doctor’s office.

Whether you’re employed and insured, elderly and on Medicare, or poor and covered by Medicaid, the Florida Medical Association says there’s a growing shortage of doctors — especially specialists — available to provide you with medical care.

And if the Florida Legislature goes along with Gov. Rick Scott’s recommendation to offer Medicaid coverage to an additional 1 million Floridians — part of the Affordable Care Act that takes effect next January — the FMA says that shortage will only get worse.

#12 At this point, approximately 40 percent of all doctors in the United States are 55 years of age or older.

#13 In America today, many hospital executives make absolutely ridiculous amounts of money…

In December, when the New York Times ran a story about how a deficit deal might threaten hospital payments, Steven Safyer, chief executive of Montefiore Medical Center, a large nonprofit hospital system in the Bronx, complained, “There is no such thing as a cut to a provider that isn’t a cut to a beneficiary … This is not crying wolf.”

Actually, Safyer seems to be crying wolf to the tune of about $196.8 million, according to the hospital’s latest publicly available tax return. That was his hospital’s operating profit, according to its 2010 return. With $2.586 billion in revenue — of which 99.4% came from patient bills and 0.6% from fundraising events and other charitable contributions — Safyer’s business is more than six times as large as that of the Bronx’s most famous enterprise, the New York Yankees. Surely, without cutting services to beneficiaries, Safyer could cut what have to be some of the Bronx’s better non-Yankee salaries: his own, which was $4,065,000, or those of his chief financial officer ($3,243,000), his executive vice president ($2,220,000) or the head of his dental department ($1,798,000).

#14 Health insurance administration expenses account for 8 percent of all health care costs in the United States each year.  In Finland, health insurance administration expenses account for just 2 percent of all health care costs each year.

#15 If you can believe it, the U.S. ambulance industry makes more money each year than the movie industry does.

#16 All over America, people are reporting huge health insurance premium increases thanks to Obamacare.  The following example is from a recent article by Robert Wenzel…

A California small businessman tells me that he switched healthcare insurance carriers in 2012.  The monthly premium for him and his wife was about $400, but when he received his first bill in January of this year it was for $1,200.  He hasn’t been to a doctor in years, his wife has only gone for minor care.

Apparently there is some clause in the Affordable Healthcare Act that results in health insurance firms using a new method to calculate premiums. Those who have health insurance plans that have been in effect since at least 2010 are grandfathered under the old calculation method, but insurance carriers are using a new formula for new plans.

#17 Blue Shield of California has announced that it wants to raise health insurance premiums by up to 20 percent this year in an effort to keep up with rising health costs.

#18 Aetna’s CEO says that health insurance premiums for many Americans will double when the major provisions of Obamacare go into effect in 2014.

#19 Close to 10 percent of all U.S. employers plan to drop health coverage completely when the major provisions of Obamacare go into effect in 2014.

#20 According to a survey conducted by the Doctor Patient Medical Association, 83 percent of all doctors in the United States have considered leaving the profession because of Obamacare.

#21 Approximately 16,000 new IRS agents will be hired to help oversee the implementation of Obamacare, and the Obama administration has given the IRS 500 million extra dollars “outside the normal appropriations process” to help the IRS with their new duties.

#22 During 2013, Americans will spend more than 280 billion dollarson prescription drugs.

#23 Prescription drugs cost about 50% more in the United States than they do in other countries.

#24 In the United States today, prescription painkillers kill more Americans than heroin and cocaine combined.

#25 Nearly half of all Americans now use prescription drugs on a regular basis according to the CDC.  Not only that, the CDC also says that approximately one-third of all Americans use two or more pharmaceutical drugs on a regular basis, and more than ten percent of all Americans use five or more pharmaceutical drugs on a regular basis.

#26 The percentage of women taking antidepressants in America is higher than in any other country in the world.

#27 In 2010, the average teen in the U.S. was taking 1.2 central nervous system drugs.  Those are the kinds of drugs which treat conditions such as ADHD and depression.

#28 Children in the United States are three times more likely to be prescribed antidepressants as children in Europe are.

#29 There were more than two dozen pharmaceutical companiesthat made over a billion dollars in profits during 2008.

#30 According to the CDC, approximately three quarters of a million people a year are rushed to emergency rooms in the United States because of adverse reactions to pharmaceutical drugs.

#31 According to a report by Health Care for America Now, America’s five biggest for-profit health insurance companies ended 2009 with a combined profit of $12.2 billion.

#32 The top executives at the five largest for-profit health insurance companies in the United States combined to bring in nearly $200 million in total compensation for 2009.

#33 The chairman of Aetna, the third largest health insurance company in the United States, brought in a staggering $68.7 million during 2010. Ron Williams exercised stock options that were worth approximately $50.3 million and he raked in an additional $18.4 million in wages and other forms of compensation.  The funny thing is that he left the company and didn’t even work the entire year.

#34 It turns out that the financial assistance that Barack Obama promised would be provided for those with “pre-existing conditions” under Obamacare is already being shut down because of a lack of funding…

Tens of thousands of Americans who cannot get health insurance because of preexisting medical problems will be blocked from a program designed to help them because funding is running low.

Obama administration officials said Friday that the state-based “high-risk pools” set up under the 2010 health-care law will be closed to new applicants as soon as Saturday and no later than March 2, depending on the state.

#35 In America today, you are 64 times more likely to be killed by a doctor than you are by a gun.

#36 People living in the United States are three times more likely to have diabetes than people living in the United Kingdom.

#37 Today, people living in Puerto Rico have a greater life expectancy than people living in the United States do.

#38 According to OECD statistics, Americans are twice as obese as Canadians are.

#39 Greece has twice as many hospital beds per person as the United States does.

#40 The state of California now ranks dead last out of all 50 states in the number of emergency rooms per million people.

#41 According to a doctor interviewed by Fox News, “a gunshot wound to the head, chest or abdomen” will cost $13,000 at his hospital the moment the victim comes in the door, and then there will be significant additional charges depending on how bad the wound is.

#42 It has been estimated that hospitals overcharge Americans by about 10 billion dollars every single year.

#43 One trained medical billing advocate says that over 90 percent of the medical bills that she has audited contain “gross overcharges“.

#44 It is not uncommon for insurance companies to get hospitals to knock their bills down by up to 95 percent, but if you are uninsured or you don’t know how the system works then you are out of luck.

#45 According to a study conducted by Deloitte Consulting, a whopping875,000 Americans were “medical tourists” in 2010.

#46 Today, there are more than 56 million Americans on Medicaid, and it is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

#47 Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, one out of every 6 Americans is on Medicaid.

#48 Today, there are more than 50 million Americans on Medicare, and that number is projected to grow to 73.2 million in 2025.

#49 When Medicare was first established by Congress, it was estimated that it would cost the federal government $12 billion a year by the time 1990 rolled around.  Instead, it cost the federal government $110 billionin 1990, and it will cost the federal government close to $600 billion this year.

#50 Even if you do have health insurance, that is no guarantee that medical bills will not bankrupt you.  Just check out what a recent Time Magazine article says happened to one unfortunate couple from Ohio that actually did have health insurance…

When Sean Recchi, a 42-year-old from Lancaster, Ohio, was told last March that he had non-Hodgkin’s lymphoma, his wife Stephanie knew she had to get him to MD Anderson Cancer Center in Houston. Stephanie’s father had been treated there 10 years earlier, and she and her family credited the doctors and nurses at MD Anderson with extending his life by at least eight years.

Because Stephanie and her husband had recently started their own small technology business, they were unable to buy comprehensive health insurance. For $469 a month, or about 20% of their income, they had been able to get only a policy that covered just $2,000 per day of any hospital costs. “We don’t take that kind of discount insurance,” said the woman at MD Anderson when Stephanie called to make an appointment for Sean.

Stephanie was then told by a billing clerk that the estimated cost of Sean’s visit — just to be examined for six days so a treatment plan could be devised — would be $48,900, due in advance.

By the way, that hospital down in Houston made a profit of 531 million dollars in one recent year.

So what can be done about all of this?

Well, the truth is that the status quo is a complete and total disaster, and every “solution” being promoted by politicians from both major political parties would only make things worse.

In the end, the U.S. health care system needs to be rebuilt from the ground up, but we all know that is not going to happen.

Instead, our politicians and the health care industry will just find additional ways to extract money from all of us, and the level of care that we all get will continue to decline.

If you don’t believe this, just check out what Paul Krugman of the New York Times had to say recently…

We’re going to need more revenue…Surely it will require some sort of middle class taxes as well.. We won’t be able to pay for the kind of government the society will want without some increase in taxes… on the middle class, maybe a value added tax…And we’re also going to have to make decisions about health care, doc pay for health care that has no demonstrated medical benefits . So the snarky version…which I shouldn’t even say because it will get me in trouble is death panels and sales taxes is how we do this.

Others are urging us to become more like Europe.

But do we really want what they have in the UK?…

Sick children are being discharged from NHS hospitals to die at home or in hospices on controversial ‘death pathways’.

Until now, end of life regime the Liverpool Care Pathway was thought to have involved only elderly and terminally-ill adults.

But the Mail can reveal the practice of withdrawing food and fluid by tube is being used on young patients as well as severely disabled newborn babies.

One doctor has admitted starving and dehydrating ten babies to death in the neonatal unit of one hospital alone.

Writing in a leading medical journal, the physician revealed the process can take an average of ten days during which a  baby becomes ‘smaller and shrunken’.

In the end, my philosophy is just to avoid the U.S. health care system as much as possible.  Most doctors are just trained to do two things – prescribe drugs and cut you open.  In an emergency situation where you are about to die, those may be your best options, but otherwise I would just as soon avoid the gigantic money making scam that the U.S. health care industry has become.

But just don’t take my word for it.  The following is some very sound advice from Dr. Robert S. Dotson…

Avoid contact with the existing health care system as far as possible. Yes, emergencies arise that require the help of physicians, but by and large one can learn to care for one’s own minor issues. Though it is flawed, the internet has been an information leveler for the masses and permits each person to be his or her own physician to a large degree. Take advantage of it! Educate yourself about your own body and learn to fuel and maintain it as you would an expensive auto or a pet poodle. One does not need a medical degree to:

1. avoid excessive use of tobacco or alcohol or, for that matter, caffeine;
2. avoid poisons like fluoride, aspartame, high fructose corn syrup, and addictive drugs (legal or illicit);
3. avoid unnecessary and potentially lethal imaging studies (TSA’s radiation pornbooths, excessive mammography, repetitive CT scans – exposure to all significantly increases cancer risk);
4. avoid excessive cell phone use and exposure to other forms of EMR pollution where possible (the NSA is recording everything you say and text anyway);
5. avoid daily fast food use and abuse (remember: pink slime and silicone) ;
6. avoid untested GM foods (do you really want to become “Roundup Ready?”):
7. avoid most vaccinations and pharmaceutical agents promoted by the establishment;
8. avoid risky behaviors (and, we do not need a bunch of Nanny State bureaucrats to define and police these);
9. exercise moderately;
10. get plenty of sleep;
11. drink plenty of good quality water (buy a decent water filter to remove fluoride, chloride, and heavy metals);
12. wear protective gear at work and play where appropriate (helmets, eye-shields, knee and elbow pads, etc.):
13. seek out locally-grown, whole, organic foods and support your local food producers;
14. take appropriate nutritional supplements (multi-vitamins, Vitamin C, Vitamin D3);
15. switch off the TV and the mainstream media it represents;
16. educate yourself while you can;

And, lastly…

17. QUESTION AUTHORITY!

Doing these simple, common-sense things will add healthy years to a person’s life and help one avoid most medical encounters during his or her allotted time on earth.

So what do you think?

Do you believe that the U.S. health care system is a gigantic money making scam that is about to collapse?

Please feel free to post a comment with your thoughts below…

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http://www.blacklistednews.com/50_Signs_That_The_U.S._Health_Care_System_Is_A_Gigantic_Money_Making_Scam_That_Is_About_To_Collapse/24424/0/38/38/Y/M.html

Scooby SNAPs: New York organization offers ‘Pet Food Stamps’ -


Scooby SNAPs: New York organization offers ‘Pet Food Stamps’ - 


The number of people in America on Food Stamps remains at an all-time high, and now a new program is allowing Fido, Garfield and their peers to get in on the goods.

While the Supplemental Nutrition Assistance Program (SNAP) is a federal program administered by the states, Pet Food Stamps is a New York-based nonprofit that helps pet owners who can’t afford to support their animal friends.

“The Pet Food Stamps program … has been created to fill the void in the United States Food Stamp program which excludes the purchase of pet food and pet supplies. In these rough economic times, many pet owners are forced to abandon their beloved pet to the ASPCA, North Shore Animal League or other animal shelters due to the inability to pay for their basic food supply and care,” the organization’s website explains.
KRQE-TV13 in Albuquerque, N.M. reports that founder Marc Okon launched the organization two weeks ago, already attracting more than 12,000 requests for assistance.

Okon explained to KVIA-TV7 in Las Cruces, N.M. that he created the program to help those in need feed their pets.

“I received a letter from a woman who is on food stamps,” Okon said. “She lost her job recently. She’s a single mother of a severely disabled young boy, and she said his only companion and his only mode of communication is with the family dog and they’re thinking about getting rid of the dog because they can’t afford to feed it. It’s people like that that this program is aimed to help.”

Applicants who qualify for assistance through the Pet Food Stamps programare helped through the independent retailer PetFoodDirect.

“Once you are a verified and approved member of the Pet Food Stamps program, our staff will place your pet food order with www.PetFoodDirect.com based on the amount awarded with your application approval and your pets needs,” the group’s website reads.

Read more: - 
http://dailycaller.com/2013/02/24/scooby-snaps-new-mexico-organization-offers-pet-food-stamps/

Britain's Cardinal Keith O'Brien to resign - "he behaved inappropriately with priests" -


Britain's Cardinal Keith O'Brien to resign - "he behaved inappropriately with priests" - 


The United Kingdom's top cardinal, Keith O'Brien, is to step down, effective immediately, according to a statement published on the website of the Scottish Catholic news office.

Cardinal O'Brien, who is the leader of the Roman Catholic Church in Scotland and the U.K.'s most senior Roman Catholic, was due to take part in the election of the next pope next month to succeed Pope Benedict XVI, a process known as the "conclave.' He said in a statement that he will not attend.

He is resigning due to allegations surrounding unspecified inappropriate behavior toward priests in the 1980s. He contests the allegations.

"Approaching the age of seventy-five and at times in indifferent health, I tendered my resignation as Archbishop of Saint Andrews and Edinburgh to Pope Benedict XVI some months ago. I was happy to know that he accepted my resignation 'nunc pro tunc' -- (now -- but to take affect later) on 12 November 2012," said Cardinal O'Brien, in the statement.

"I thank Pope Benedict XVI for his kindness and courtesy to me on my own behalf and on behalf of the people of Scotland, I wish him a long and happy retirement."

In an interview with the BBC on Friday, Cardinal O'Brien said he found the prospect of choosing the next pope "almost frightening."

Pope Benedict XVI's resignation takes effect on Thursday. And Monday, Benedict issued a letter spelling out line-by-line changes in canon law that will allow cardinals to set an earlier date for electing his successor. The number of eligible electors -- cardinals under the age of 80 -- is now 115.

However, there is growing pressure from U.S. victims of clergy sexual abuse for Cardinal Roger Mahony, the retired Archbishop of Los Angeles, to withdraw from the conclave. More than 30,000 pages of priest personnel records released last month revealed that Mahony had been directly involved in covering up for priests who were known to have abused children and teens.

Mahony has been writing on his personal blog that he plans to attend the conclave and to vote. There's precedent for that. In 2005, Cardinal Bernard Law, who resigned from his post as Archbishop of Boston in 2002 at the height of the explosive abuse scandal, nonetheless voted in the election that chose Benedict.

The last time a cardinal resigned his post was in 1927, says church historian Matthew Bunson. French Cardinal Louis Billot stepped down because his support for a radical, conservative political movement was in direct conflict with then-Pope Pius XI who opposed it.

Read more - 
http://www.usatoday.com/story/news/2013/02/25/cardinal-keith-obrien-to-resign/1945511/

Horse meat found in Ikea's Swedish meatballs -


Horse meat found in Ikea's Swedish meatballs - 


Furniture retailer Ikea says it has halted all sales of meat balls in Sweden after Czech authorities detected horse meat in frozen meatballs that were labeled as beef and pork.
Ikea's Swedish branch said on its Facebook page Monday that it won't sell or serve any meatballs at its stores in Sweden out of concern for "potential worries among our customers."
It said its own controls had not shown any traces of horse meat.
It wasn't immediately clear whether Ikea would also stop selling meatballs in other countries.  Calls seeking comment from Ikea in Sweden were not immediately returned Monday.
The Czech authority also found horse meat in beef burgers imported from Poland during random tests of food products.
Authorities across Europe have started doing random DNA checks after traces of horse meat turned up in frozen supermarket meals such as burgers and lasagna beginning last month.
The European Union's agriculture ministers gathered in Brussels Monday to discuss the widening scandal's fallout, with some member states pressing for tougher rules to regain consumer confidence.
The 27-nation bloc must agree on binding origin disclosures for food product ingredients, starting with a better labeling of meat products, German agriculture minister Ilse Aigner said.
"Consumers have every right to the greatest-possible transparency," she insisted.
Austria backs the German initiative; but others like Ireland say existing rules are sufficient although Europe-wide controls must be strengthened to address the problem of fraudulent labeling.
The scandal has created a split between nations like Britain who see further rules as a protectionist hindrance of free trade under the bloc's single market, and those calling for tougher regulation.
Processed food products -- a business segment with traditionally low margins that often leads producers to hunt for the cheapest suppliers -- often contain ingredients from multiple suppliers in different countries, who themselves at time subcontract production to others, making it hard to monitor every link in the production chain.
Standardized DNA checks with meat suppliers and more stringent labeling rules will add costs that producers will most likely hand down to consumers, making food more expensive.
The scandal began in Ireland in mid-January when the country's announced the results of its first-ever DNA tests on beef products. It tested frozen beef burgers taken from store shelves and found that more than a third of brands at five supermarkets contained at least a trace of horse. The sample of one brand sold by British supermarket kingpin Tesco was more than a quarter horse.
Such discoveries have spread like wildfire across Europe as governments, supermarkets, meat traders and processors began their own DNA testing of products labeled beef and have been forced to withdraw tens of millions of products from store shelves.
More than a dozen nations have detected horse flesh in processed products such as factory-made burger patties, lasagnas, meat pies and meat-filled pastas. The investigations have been complicated by elaborate supply chains involving multiple cross-border middlemen.


Read more: - 

Friday, 22 February 2013

The Pentagon says it has grounded its entire fleet of F-35 fighter jets after discovering a cracked engine blade -


The Pentagon says it has grounded its entire fleet of F-35 fighter jets after discovering a cracked engine blade - 


The Pentagon says it has grounded its entire fleet of F-35 fighter jets after discovering a cracked engine blade.
The problem was discovered during what the Pentagon called a routine inspection at Edwards Air Force Base, Calif., of an Air Force version of the F-35. Other versions of the F-35 are flown by the Navy and the Marine Corps. All versions were grounded Friday.
The F-35 is the Pentagon's most expensive weapons program at a total estimated cost of nearly $400 billion.
The suspension of flight operations will remain in effect until an investigation of the problem's root cause is determined.
The Pentagon said the engine in which the problem was discovered is being shipped to a Pratt & Whitney facility in Connecticut for more thorough evaluation.


Read more: -
http://www.foxnews.com/politics/2013/02/22/f-35-fleet-grounded-after-engine-crack-found/?test=latestnews

The Big Dogs On Wall Street Are Starting To Get Very Nervous - sales of stock outnumbered purchases twelve to one - 


Why are some of the biggest names in the corporate world unloading stock like there is no tomorrow, and why are some of the most prominent investors on Wall Street loudly warning about the possibility of a market crash?  Should we be alarmed that the big dogs on Wall Street are starting to get very nervous?  In aprevious article, I got very excited about a report that indicated that corporate insiders were selling nine times more of their own shares than they were buying.  Well, according to a brand new Bloomberg article, insider sales of stock have outnumbered insider purchases of stock by a ratio of twelve to oneover the past three months.  That is highly unusual.  And right now some of the most respected investors in the financial world are ringing the alarm bells.  Dennis Gartman says that it is time to “rush to the sidelines”, Seth Klarman is warning about “the un-abating risks of collapse”, and Doug Kass is proclaiming that “we’re headed for a sharp fall”.  So does all of this mean that a market crash is definitely on the way?  No, but when you combine all of this with the weak economic data constantly coming out of the U.S. and Europe, it certainly does not paint a pretty picture.

According to Bloomberg, it has been two years since we have seen insider sales of stock at this level.  And when insider sales of stock are this high, that usually means that the market is about to decline…

Corporate executives are taking advantage of near-record U.S. stock prices by selling shares in their companies at the fastest pace in two years.

There were about 12 stock-sale announcements over the past three months for every purchase by insiders at Standard & Poor’s 500 Index (SPX) companies, the highest ratio since January 2011, according to data compiled by Bloomberg and Pavilion Global Markets. Whenever the ratio exceeded 11 in the past, the benchmark index declined 5.9 percent on average in the next six months, according to Pavilion, a Montreal-based trading firm.

But it isn’t just the number of stock sales that is alarming.  Some of these insider transactions are absolutely huge.  Just check out these numbers…

Among the biggest transactions last week were a $65.2 million sale by Google Inc.’s 39-year-old Chief Executive Officer Larry Page, a $40.1 million disposal by News Corp.’s 81- year-old Chairman and CEO Rupert Murdoch and a $34.2 million sale from American Express Co. chief Kenneth Chenault, who is 61. Nolan Archibald, the 69-year-old chairman of Stanley Black & Decker Inc. who plans to leave his post next month, unloaded $29.7 million in shares last week and Amphenol Corp. Chairman Martin Hans Loeffler, 68, sold $27.5 million, according to data compiled by Bloomberg.

Google Chairman Eric Schmidt, 57, announced plans to sell as many as 3.2 million shares in the operator of the world’s most-popular search engine. The planned share sales, worth about $2.5 billion, represent about 42 percent of Schmidt’s holdings.

So why are all of these very prominent executives cashing out all of a sudden?

That is a very good question.

Meanwhile, some of the most respected names on Wall Street are warning that it is time to get out of the market.

For example, investor Dennis Gartman recently wrote that the game is “changing” and that it is time to “rush to the sidelines”…

“When tectonic plates in the earth’s crust shift earthquakes happen and when the tectonic plants shift beneath our feet in the capital markets margin calls take place. The tectonic plates have shifted and attention… very careful and very substantive attention… must be paid.

“Simply put, the game has changed and where we were playing a ‘game’ fueled by the monetary authorities and fueled by the urge on the part of participants to see and believe in rising ‘animal spirits’ as Lord Keynes referred to them we played bullishly of equities and of the EUR and of ‘risk assets’. Now, with the game changing, our tools have to change and so too our perspective.

“Where we were buyers of equities previously we must disdain them henceforth. Where we were sellers of Yen and US dollars we must buy them now. Where we had been long of gold in Yen terms, we must shift that and turn bullish of gold in EUR terms. Where we might have been ‘technically’ bullish of the EUR we must now be technically and fundamentally bearish of it. The game board has been flipped over; the game has changed… change with it or perish. We cannot be more blunt than that.”

That is a very ominous warning, but he is far from alone.  Just the other day, I wrote about how legendary investor Seth Klarman is warning that the collapse of the financial markets could happen at literally any time…

“Investing today may well be harder than it has been at any time in our three decades of existence,” writes Seth Klarman in his year-end letter. The Fed’s “relentless interventions and manipulations” have left few purchase targets for Baupost, he laments. “(The) underpinnings of our economy and financial system are so precarious that the un-abating risks of collapse dwarf all other factors.”

Other big hitters on Wall Street are ringing the alarm bells as well.  For example, Seabreeze Partners portfolio manager Doug Kass recently told CNBC that what he is seeing right now reminds him of the period just before the crash of 1987…

“I’m getting the ‘summer of 1987 feeling’ in the U.S. equity market,” Kass told CNBC, “which means we’re headed for a sharp fall.”

And of course the “perma-bears” continue to warn that the months ahead are going to be very difficult.  For instance, “Dr. Doom” Marc Faber recently said that he “loves the high odds of a ‘big-time’ market crash“.

Another “perma-bear”, Nomura’s Bob Janjuah, is convinced that the stock market will experience one more huge spike before collapsing by up to 50%…

I continue to believe that the S&P500 can trade up towards the 1575/1550 area, where we have, so far, a grand double top. I would not be surprised to see the S&P trade marginally through the 2007 all-time nominal high (the real high was of course seen over a decade ago – so much for equities as a long-term vehicle for wealth creation!). A weekly close at a new all-time high would I think lead to the final parabolic spike up which creates the kind of positioning extreme and leverage extreme needed to create the conditions for a 25% to 50% collapse in equities over the rest of 2013 and 2014, driven by real economy reality hitting home, and by policymaker failure/loss of faith in “their system”.

So are they right?

We will see.

At the same time that many of the big dogs are pulling their money out of the market, many smaller investors are rushing to put their money back in to the market.  The mainstream media continues to assure them that everything is wonderful and that this rally can last forever.

But it is important to keep in mind that the last time that Wall Street was this “euphoric” was right before the market crash in 2008.

So what should we be watching for?

As I have mentioned before, it is very important to watch the financial markets in Europe right now.

If they crash, the financial markets in the U.S. will probably crash too.

And the financial markets in Europe definitely have had a rough week.  Just check out what happened on Thursday.  The following is from a report by CNBC’s Bob Pisani…

Italy, Germany, France, Spain, U.K., Greece, and Portugal all on track to log worst day since Feb. 4. European PMI numbers were disappointing, with all major countries except Germany reporting numbers below 50, indicating contraction.

What does this mean? It means Europe remains mired in recession: “The euro zone is on course to contract for a fourth consecutive quarter,” Markit, who provides the PMI data, said. A new insight is that France is now joining the weakness shown in periphery countries.

You’re giving me agita: Italy was the worst market, down 2.5 percent. The CEO of banking company, Intesa Sanpaolo, said Italy’s recession has been so bad it could cause a fifth of Italian companies to fail, noting that topline for those bottom fifth have been shrinking 35 to 45 percent. Italian elections are this weekend.

It wasn’t any better in Asia. The Shanghai Index had its worst day in over a year, closing down nearly three percent.

And the economic numbers coming out of the U.S. also continue to bequite depressing.

On Thursday, the Department of Labor announced that there were 362,000 initial claims for unemployment benefits during the week ending February 16th.  That was a sharp rise from a week earlier.

But I am not really concerned about that number yet.

When it rises above 400,000 and it stays there, then it will be time to officially become alarmed.

So what is the bottom line?

There are trouble signs on the horizon for the financial markets.  Nobody should panic right now, but things certainly do not look very promising for the remainder of the year.

Read more -
http://www.blacklistednews.com/The_Big_Dogs_On_Wall_Street_Are_Starting_To_Get_Very_Nervous/24377/0/38/38/Y/M.html