Aug 5, 2012
Sun Aug 05 16:30:57 PDT 2012 Chief John Edwards of the Oak Creek police department details how authorities are working with the FBI by handling the deadly shooting at a Sikh temple as a case of domestic terrorism and how local law enforcement "stopped a tragic event that could have been a lot worse."
August 5, 2012
By STEVEN LEE MYERS and MICHAEL S. SCHMIDT
Jared L. Loughner was reported ready to admit to killing 6 people and wounding 13, including Representative Gabrielle Giffords of Arizona.
At least 20 people were killed and 20 more were wounded after a bomber blew himself up at a gathering organized by a former sympathizer of Al Qaeda, the Yemeni Defense Ministry said on its Web site.
By KENNETH CHANG
The rover Curiosity will end its eight-and-a-half-month journey from Earth on Sunday, after a series of computer-controlled maneuvers that NASA scientists can only watch.
By AVRAHAM BURG
Human rights once united Israel with America. But in today's discourse, the tone has radically changed.
By JODI RUDOREN
Delegations from five countries were denied permission to use Israeli border crossings because their governments do not recognize the state of Israel, a decision that angered the Palestinians.
By DAMIEN CAVE and HWAIDA SAAD
As fighting continued throughout Syria, the rebels insisted that their captives were members of Iran's elite Revolutionary Guards, not religious pilgrims.
By JEFFREY GETTLEMAN
With Syria's war devolving into a bloody sectarian showdown, tensions have increased across the border between Turkey's Alawite minority and its Sunni Muslim majority.
Jay Taylor: Canada's BNN doesn't want GATA mentioned on the air
Few financial newsletter writers work harder than Jay Taylor, editor of J. Taylor's Gold, Energy, and Tech Stocks newsletter (http://www.miningstocks.com/). Taylor not only provides weekly analysis from a hard-money point of view but also produces an Internet radio interview program on which GATA Chairman Bill Murphy and your secretary/treasurer have appeared and speaks on financial television and raido programs and at financial conferences around the world. Last week Taylor was appearing on Business News Network in Canada and his latest letter describes how he was urged not to mention GATA on the air.
This is a change of attitude for BNN, as for years, under the editorship of Jim O'Connell, the network was glad to inquire into gold market manipulation and let GATA be part of the discussion. But O'Connell died five years ago, perhaps taking BNN's courage with him.
Taylor's letter about BNN and GATA is excerpted below.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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By Jay Taylor
J. Taylor's Gold, Energy, and Tech Stocks Newsletter
Friday, August 3, 2012
For some reason -- I'll let you imagine why -- the news media treats the name "GATA" with the same contempt and unfairness with which it treated Ron Paul.
How do I know free speech and fairness are denied GATA, a civil rights organization?
While I have suspected for quite some time that "GATA" was a dirty word in the minds of the establishment, I received first-hand evidence of it last week when I was interviewed by a producer for Business News Network in Canada before appearing on BNN's "Top Picks" show yesterday. (You can watch my comments on Dynacor, Sandstorm, and Timmins Gold here: http://watch.bnn.ca/#clip733129.)
Here is what happened.
The producer wanted to know why I thought the gold price had fallen on Thursday, as he thought it should have risen because of the decline in stock prices and a downturn in confidence in the European Union's resolve to "fix" Europe's economic problems. I suggested to him that I thought the work of GATA helped explain one possible answer to that question. I told him I thought GATA provided some pretty strong evidence that the gold price is from time to time rigged by the same folks responsible for the LIBOR fraud.
Nick McDonald of Trade With Precision presents a concise technical analysis of these markets for the week ahead, using the Russell 2000® index and the ICE US Dollar Index® as pivotal focuses.
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What a surprise: FT says CFTC to drop silver investigation
And the Gold Reserve Act of 1934, which created the U.S. Exchange Stabilization Fund, explicitly authorizes the U.S. treasury secretary to trade secretly in all markets on behalf of the U.S. government:
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Four-Year Silver Probe Set to Be Dropped
By Jack Farchy and Gregory Meyer
Financial Times, London
Sunday, August 5, 2012
A four-year investigation into the possible manipulation of the the silver market looks increasingly likely to be dropped after US regulators failed to find enough evidence to support a legal case, according to three people familiar with the situation.
The Commodity Futures Trading Commission announced that it was investigating "complaints of misconduct in the silver market" in September 2008, following a barrage of allegations of manipulation from a group of precious metals investors.
In 2010, Bart Chilton, a CFTC commissioner, said that he believed there had been "fraudulent efforts" to "deviously control" the silver price.
But after taking advice from two external consultancies, the first of which found irregularities on certain trading dates that it believed deserved more analysis, CFTC staff do not have sufficient evidence to bring a case, according to the people familiar with the situation.
The agency's five commissioners have not yet formally determined the outcome of the investigation, leaving the possibility that staff could be instructed to dig deeper. A CFTC spokesman said: "The investigation has not reached its conclusion." He declined further comment.
Ending the probe would infuriate some US silver investors, who claim that a group of large investment banks -- in particular, JPMorgan -- has conspired to drive the price of silver lower.
"I'm sure it will be met with some concern from a certain group of aggressive silver speculators," said one person familiar with the investigation.
In a recent blog post, Ted Butler, a newsletter publisher and unofficial champion for the silver investors, accused the CFTC of being "negligent in failing to terminate the obvious manipulation ongoing in silver."
The CFTC has analysed over 100,000 documents and interviewed dozens of witnesses since it began investigating the market in 2008, it said last year. The people familiar with the situation said the evidence included records from JPMorgan.
The conclusion of the investigation will come as a relief to JPMorgan. Although no company or individual was named in the CFTC investigation, the Wall Street bank has suffered a torrent of allegations from silver investors on the blogosphere.
One campaign exhorted sympathetic readers to "crash JPMorgan" by buying silver -- based on the assumption, which JPMorgan has repeatedly denied, that the US bank has a large bet on lower silver prices.
In addition, a class-action lawsuit has been filed against JPMorgan. Lawyers for the bank have asked a judge to dismiss it, arguing that plaintiffs "fail to identify a single trade" showing manipulation.
Blythe Masters, head of commodities at JPMorgan, in an April interview with CNBC conceded that there had been "a tremendous amount of speculation, particularly in the blogosphere, about this topic," but maintained that the bank had no large bets on silver prices.
"We have no stake in whether prices rise or decline," she said. JPMorgan declined to comment on the CFTC investigation.
Previous CFTC silver inquiries in 2004 and 2008 found no evidence of wrongdoing.
Join GATA here:
Toronto Resource Investment Conference
Thursday-Friday, September 27-28, 2012
Toronto Sheraton Centre Hotel
Toronto, Ontario, Canada
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August 5, 2012
By NICHOLAS CONFESSORE and JO CRAVEN McGINTY
President Obama has spent more campaign cash more quickly than any incumbent in recent history, about $400 million from the beginning of last year to June 30 this year.
By ALISSA J. RUBIN
Lawmakers explained a move that would cast out the heads of the army and national police in the middle of a war as part of a fight against crippling corruption and cronyism.
By BILL VLASIC, HIROKO TABUCHI and CHARLES DUHIGG
Executives have long said America can't compete in building electronic devices. But the migration of carmaking from Japan is a case study in the most unlikely of transformations.
Beamon's performance in Mexico City in 1968 would beat the winner in London, Greg Rutherford of Britain, by about two feet.
By JAMES GLEICK
Our phones are turning words like "eating biscuits" into "rating bisexuals," and cyberspace is awash with outrage.
By SIMON ROMERO
A Brazilian truth commission is gathering details on decades-old torture cases, including that of President Dilma Rousseff.
By DAMIEN CAVE and HWAIDA SAAD
Explosions and heavy fighting rocked Syria's two largest cities on Saturday, witnesses and activists said, as the Syrian government and rebel fighters struggled to gain an advantage in the country's bloody, 17-month-old conflict.
By WILLIAM NEUMAN
President Ollanta Humala tries to sidestep the negative attention, but the criticism by his own kin mirrors a growing dissatisfaction by the public.