Wednesday, December 21, 2011

Rick Santelli's Chicago Tea Party

Rick Santelli's Chicago Tea Party


The speculative scrum driving up food prices

Posted: 20 Dec 2011 01:39 PM PST


From TheGuardian.CO.UK

Last year, the price of global food floated high as ever. That’s bad news for most of us, but not for those who trade commodities. In fact, 2011 was a great year for the traders, who thrive on bad news, currency woes, drought, flood, freeze, fire and all other manifestations of imminent apocalypse.

2011 was a wild ride. One spring morning, cocoa futures dropped 12% in less than a minute. Corn ascended to all-time peaks and sugar fluctuated more in one day than it used to in a month. Howard Schultz, CEO of Starbucks, railed against speculators in coffee, while PepsiCo forecast its own medium-term commodity cost increases to exceed $1bn. All of which meant a bumper crop for the world’s commodity exchanges – even those that used to be backwaters, like the Kansas City Board of Trade and the Minneapolis Grain Exchange, both of which recorded their highest electronic trading volumes in history.

It was a volatile year, and the volatility posed problems for the food industry. Faced with a high-stakes game of price-shifting basic ingredients, the world’s largest food processors and retailers put out the call for maths PhDs and economic modellers to theorise and implement ever-more complex risk-management strategies just so they could keep up with the second-by-second spikes and dips of grain and livestock futures. In the meantime, high-frequency traders and momentum-driven hedge funds made it their business to speculate on food.

There were plenty of ways to get in on the action, but as an increasingly complex amalgam of food-based commodity derivatives piled one on top of the other, the more difficult it became to perceive what it was that lay at the bottom of the speculative scrum. What drove the global food market in 2011 – other than those old faithfuls, fear and greed? I put in a call to Professor Yaneer Bar-Yam, of the New England Complex Systems Institute (Necsi), to see if he might have an answer.

To read more, visit:  http://www.guardian.co.uk/global-development/poverty-matters/2011/dec/20/speculative-scrum-driving-food-prices

Branstad’s Act Of Sabotage An Outrageous Attempt To Tamper With Election Process

Posted: 20 Dec 2011 01:35 PM PST

By Paul Joseph Watson & Alex Jones, Infowars.com

Iowa Governor Terry Branstad's rhetorical act of sabotage against his own state's Republican primary, with his insistence that a potential Ron Paul victory should be ignored, represents an outrageous attempt to tamper with the election process.

As we reported earlier, Branstad told Politico that a Paul victory in the primary should be dismissed, urging Republicans to ignore the legitimacy of the result if the Texan Congressman comes out on top, which recent polls suggest he has a very good chance of doing. Politico adds that many fear "such a result….would do irreparable harm to the future role of the first-in-the-nation caucuses."

"People are going to look at who comes in second and who comes in third," said Branstad, adding, ""If [Mitt] Romney comes in a strong second, it definitely helps him going into New Hampshire and the other states," comments taken to mean that Republicans should "ignore" Ron Paul, according to Politico's Jonathan Martin and Alexander Burns.

Branstad's comments represent a treasonous effort to delegitimize the veracity of his own state's primary. There are truly no depths to which establishment stooges like Branstad will sink in order to denigrate Ron Paul's campaign.

To read more, visit:  http://www.infowars.com/branstads-act-of-sabotage-an-outrageous-attempt-to-tamper-with-election-process/

Genetically-modified salmon found to be contaminated with infectious salmon anemia

Posted: 20 Dec 2011 01:26 PM PST


By Ethan A. Huff, Natural News

As the US federal government continues to evaluate whether or not to approve AquaBounty’s genetically-modified (GM) “AquAdvantage” salmon, Canada’s Cohen Commission (CC), a group established by the nation’s government to track the decline of Sockeye salmon in the Fraser River, has announced some shocking information. According to a recent report, AquAdvantage being raised at a land-based, isolated site on Prince Edward Island have been found to be contaminated with Infectious Salmon Anemia (ISA), a serious viral disease that affects Atlantic salmon.

Catherine Stewart from the Living Oceans Society and Coastal Alliance for Aquaculture Reform recently gave an interview in which she explained the mysterious ISA discovery in the “Frankenfish.” According to the CC report, Canada’s Department of Fisheries and Oceans (DFO) reported to the Canadian Food Inspection Agency (CFIA) back in 2009 that there had been an outbreak of ISA at the Prince Edward Island facility raising AquAdvantage salmon.

“I think we have to ask the question, ‘How did this get into this facility?’ This is a land-based, closed-tank system that’s raising these genetically-engineered fish,” said Stewart. “It could only have come through the eggs or the smolts, or through water that the facility pumps from the bay into their facility.”

To read more, visit:  http://www.naturalnews.com/034451_GM_salmon_anemia_infections.html

Internet Censor Bill Could Target Political Campaigns

Posted: 20 Dec 2011 01:16 PM PST

By Stephen DeMaura and David Segal, Roll Call

During the waning days of the 2008 presidential race, there was an important but overlooked occurrence on the John McCain campaign. In mid-October, the McCain campaign awoke to find that its Web videos and online advertisements were disappearing from its YouTube page.

The culprit turned out to be a major television network claiming they owned portions of the videos and that posting the clips was a violation of copyright law. Even though the campaign, and many others in the online community, believed the content to be privileged under the "Fair Use Doctrine," the videos were pulled down.

Fast-forward more than three years, and a new piece of legislation is making its way through Congress that would make it easier for online campaign content and websites to be taken down. Even more concerning, if passed, this bill would allow opposing campaigns or campaign committees — not just the original content provider — to pull down websites harboring "infringing content."

The legislation that campaigns across the country should be concerned about is the Stop Online Piracy Act. The overarching goal of SOPA is a good one: Take aggressive steps to curb online copyright infringement. The problem is that the bill would create heavy-handed regulations that would blacklist legitimate websites without adequately addressing online piracy.

Here's a plausible campaign scenario under SOPA. Imagine you are running for Congress in a competitive House district. You give a strong interview to a local morning news show and your campaign posts the clip on your website. When your opponent's campaign sees the video, it decides to play hardball and sends a notice to your Internet service provider alerting them to what it deems "infringing content." It doesn't matter if the content is actually pirated. The ISP has five days to pull down your website and the offending clip or be sued. If you don't take the video down, even if you believe that the content is protected under fair use, your website goes dark.

To read more, visit:  http://www.rollcall.com/issues/57_74/stephen_demaura_david_segal_candidates_concerned_stop_online_piracy_act-211023-1.html

Cedar Falls, IA Organizer Miffed at Campaigns Trying to ‘Hijack’ Tea Party

Posted: 20 Dec 2011 01:10 PM PST

By Alison Gowans, AmesPatch.com

With just two weeks until the Iowa caucuses, GOP presidential campaigns have stepped up efforts to snatch the still-divided Tea Party vote, hiring key Tea Party activists to lure support from local chapters.

The move has at least one local Tea Party organizer miffed, but others say the hirings are a smart move.

“I know that if you're trying to win a campaign, you have to do everything you can do to win,” said Cedar Valley Tea Party organizer Judd Saul, who recently endorsed Rick Santorum. “But it feels like another attempted hijacking of the Tea Party.”

Saul has watched as Tea Party leaders in early voting states have been scooped up by candidates, especially Newt Gingrich and Michele Bachmann.

Charlie Gruschow, also referred to as “Tea Party Charlie,” is both a local Tea Party leader and now a paid member of Gingrich’s Iowa campaign staff. He said he sees no conflict of interest between the two.

“I speak only for myself and not on behalf of the entire Tea Party movement,” he said.

Gruschow, who founded the Des Moines Tea Party two years ago and later co-founded the Tea Party of America, said he had been a Herman Cain supporter and volunteered with that campaign.

To read more, visit:  http://ames.patch.com/articles/campaigns-hiring-local-tea-party-leaders#photo-8701496

Tea Party wants in on Rose Parade

Posted: 20 Dec 2011 01:03 PM PST

By Brian Charles, Pasadena Star-News

PASADENA – TEAPAC, also known as the Pasadena Tea Party Patriots, has asked for permission to march in the Rose Parade, officials from the conservative political group said Tuesday.

With Occupy the Rose Parade planning to demonstrate and march in the parade, TEAPAC officials have asked the Tournament of Roses for the same consideration.

Occupy the Rose Parade plans to form a human float, an octopus with extended tentacles that represents the far reach of corporate America. The occupiers will also carry a 250-foot banner of The Constitution.

To read more, visit: http://www.pasadenastarnews.com/news/ci_19585831

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