
photo from Althouse blog, "A Tea Party rally in Wisconsin this evening," 6/1/12
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George Soros gave Ivanka's husband's business a $250 million credit line in 2015 per WSJ. Soros is also an investor in Jared's business.
The report, seen by the BBC, is being circulated at talks in Turkey on how to end Somalia's decades of anarchy.
It alleges a discrepancy of about $130m (£85m) in the accounts over two years.
UK foreign minister William Hague told the BBC that an international board to oversee the distribution of aid funds needed to be established urgently.
Somalia's transitional government mandate expires in August when it is due to hand over to an elected president.
The revelations in the World Bank report come as several hundred Somali politicians meet representatives of more than 50 countries in Istanbul to try to win new funding for the long-term reconstruction of country.
The report stops short of making specific allegations, but does not rule out corruption as a possible explanation for the missing government revenue funds.
"There is a discrepancy in what comes in and there's a lack of accounting of how money has been spent," the report's author Joakim Gundel is quoted by US broadcaster Voice of America as saying.
"So that opens naturally a big question mark for sure."
The report, which looks at the years 2009 and 2010, also says the transitional government has no real accounting system
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Obama is expected to raise more than $7.2 million total for the Obama Victory Fund (OVF), according to figures provided by the campaign.
Flying to Minnesota under the banner of “official business” – an event at a Honeywell factory in a Minneapolis suburb – Obama will quickly turn to politics, lunching with three separate sets of donors at the downtown Bachelor Farmer restaurant, an eatery owned by Democratic Gov. Mark Dayton’s two sons, Eric and Andrew.
The president will first address a group of 100 guests, each paying $5,000 a plate. He then will meet privately with two small roundtables of deep-pocket supporters – one group paying $40,000 per person; the other $50,000 per person, a campaign official said. (The $50k ticket price is the largest for any Obama fundraiser held since the start of the campaign.)
Proceeds from all the events will benefit OVF, a joint fundraising account that funnels contributions to Obama for America, the Democratic National Committee and several state Democratic parties. The first $5,000 of an individual’s contribution will go directly to the Obama campaign; the remainder, up to $30,800, will go to the DNC; and anything beyond $35,800 will get distributed to state parties, officials said.
In the evening, President Obama will head to Chicago for three more fundraisers – a televised campaign reception at the Chicago Cultural Center with an estimated 350 fans (tickets will cost $2,500+ per person) and two intimate dinners at private residences. Tickets for the dinners cost $35,800 apiece, an official said.
Supporters Chaka and Tracey Patterson will host an expected 55 supporters at their home for the first dinner. Chaka Patterson is a lawyer with the firm Skadden, Arps, Slate, Meagher and Flom; his wife, Tracey Patterson, is a senior manager at Accenture.
Longtime Democratic donors Paula and Jim Crown are sponsoring the second private event, hosting an expected 60 guests for dinner and a reception. Jim Crown is president of Henry Crown and Company, a private investment firm.
Jim Crown and Chaka Patterson are also among the Obama campaign’s 532 “bundlers,” or top volunteer fundraisers who give the legal maximum and get their friends and colleagues to do the same. Crown has bundled between $200,000 and $500,000 for Obama; Patterson has raised between $100,000 and $200,000.
With Friday’s events, President Obama will have attended a record-setting 146 re-election fundraisers for his campaign and the Democratic National Committee. (President George W. Bush held 86 fundraisers for his campaign and the RNC during all of 2003/2004.)
Later this month, the president and first lady will attended separate star-studded, high-dollar galas in New York City with Bill Clinton and actress Sarah Jessica Parker. The president will also make fundraising swings through California, Maryland and Pennsylvania, according to local news reports and invitations for some of the events obtained by ABC News.
While Democrats and President Obama hold a cash advantage over Mitt Romney and the Republican National Committee, the latest Federal Election Commission financial reports show that Republicans have been gaining ground."...via Breitbart
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5/15/12, "Obama worth as much as $10 million," USA Today, Richard Wolf
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"The U.S. economy added just 69,000 jobs in May, well below expectations of 150,000 job gains, according to a report by the Bureau of Labor Statistics.
Not only did BLS report terrible numbers for May, but it made downward revisions to previous months job growth numbers, which were already considered weak. The economy is now said to have added 143,000 jobs in March (instead of 154,000) and just 77,000 jobs in April (instead of 115,000).
The unemployment rate crept up slightly to 8.2 percent.
The awful numbers, coming on top of a downward revision in first quarter economic growth to 1.9 percent, make President Obama's reelection campaign a lot more difficult and play right into the hands of Mitt Romney's economic message."
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6/1/12, "US economy added 69,000 jobs in May, fewest in a year," AP
"Construction firms cut 28,000 jobs, the steepest drop in two years."
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6/1/12, "Weak US job figures for May hit markets," BBC
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sign via Hot Air, 6/1/12, unattributed
via Lucianne
From the NYT:
"From his first months in office, President Obama secretly ordered increasingly sophisticated attacks on the computer systems that run Iran's main nuclear enrichment facilities, significantly expanding America's first sustained use of cyberweapons, according to participants in the program.
Mr. Obama decided to accelerate the attacks - begun in the Bush administration and code-named Olympic Games - even after an element of the program accidentally became public in the summer of 2010 because of a programming error that allowed it to escape Iran's Natanz plant and sent it around the world on the Internet. Computer security experts who began studying the worm, which had been developed by the United States and Israel, gave it a name: Stuxnet.
At a tense meeting in the White House Situation Room within days of the worm's "escape," Mr. Obama, Vice President Joseph R. Biden Jr. and the director of the Central Intelligence Agency at the time, Leon E. Panetta, considered whether America's most ambitious attempt to slow the progress of Iran's nuclear efforts had been fatally compromised.
"Should we shut this thing down?" Mr. Obama asked, according to members of the president's national security team who were in the room.
Told it was unclear how much the Iranians knew about the code, and offered evidence that it was still causing havoc, Mr. Obama decided that the cyberattacks should proceed. In the following weeks, the Natanz plant was hit by a newer version of the computer worm, and then another after that. The last of that series of attacks, a few weeks after Stuxnet was detected around the world, temporarily took out nearly 1,000 of the 5,000 centrifuges Iran had spinning at the time to purify uranium.
This account of the American and Israeli effort to undermine the Iranian nuclear program is based on interviews over the past 18 months with current and former American, European and Israeli officials involved in the program, as well as a range of outside experts. None would allow their names to be used because the effort remains highly classified, and parts of it continue to this day."
For those confused - yes: this is an act of war. A New Normal war.
(NYT): "It appears to be the first time the United States has repeatedly used cyberweapons to cripple another country's infrastructure, achieving, with computer code, what until then could be accomplished only by bombing a country or sending in agents to plant explosives. The code itself is 50 times as big as the typical computer worm, Carey Nachenberg, a vice president of Symantec, one of the many groups that have dissected the code, said at a symposium at Stanford University in April. Those forensic investigations into the inner workings of the code, while picking apart how it worked, came to no conclusions about who was responsible."
And still America continues to wage war, subverting the constitution, without any Congressional approval, and without even telling the population what is really happening. Because it is "for its own good."
(NYT): "A similar process is now under way to figure out the origins of another cyberweapon called Flame that was recently discovered to have attacked the computers of Iranian officials, sweeping up information from those machines. But the computer code appears to be at least five years old, and American officials say that it was not part of Olympic Games. They have declined to say whether the United States was responsible for the Flame attack."
The "New Normal Gulf of Tonkin":
(NYT): "Mr. Obama, according to participants in the many Situation Room meetings on Olympic Games, was acutely aware that with every attack he was pushing the United States into new territory, much as his predecessors had with the first use of atomic weapons in the 1940s, of intercontinental missiles in the 1950s and of drones in the past decade. He repeatedly expressed concerns that any American acknowledgment that it was using cyberweapons - even under the most careful and limited circumstances - could enable other countries, terrorists or hackers to justify their own attacks.
"We discussed the irony, more than once," one of his aides said. Another said that the administration was resistant to developing a "grand theory for a weapon whose possibilities they were still discovering." Yet Mr. Obama concluded that when it came to stopping Iran, the United States had no other choice.
If Olympic Games failed, he told aides, there would be no time for sanctions and diplomacy with Iran to work. Israel could carry out a conventional military attack, prompting a conflict that could spread throughout the region."
Some call it irony, others collateral damage where people lose everything, including their lives. Semantics.
Remember though: they hate America for its freedoms.
(NYT): "Mr. Obama has repeatedly told his aides that there are risks to using - and particularly to overusing - the weapon. In fact, no country's infrastructure is more dependent on computer systems, and thus more vulnerable to attack, than that of the United States. It is only a matter of time, most experts believe, before it becomes the target of the same kind of weapon that the Americans have used, secretly, against Iran."
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The jobless rate in the 17-nation euro zone was at 11 percent in April and March, the European Union’s statistics office in Luxembourg said today. That’s the highest since the data series started in 1995. The March figure was revised higher to 11 percent from 10.9 percent estimated earlier.
“The labor-market recession in the euro zone continues to spread and deepen,” said Martin van Vliet, an economist at ING Bank in Amsterdam. “We currently see the jobless rate peaking at or slightly above 11.5 percent, under the assumption that the euro-zone economy starts to emerge from its double-dip recession later this year.” ...
Spain, whose government is struggling to contain a banking crisis, had the bloc’s highest unemployment rate at 24.3 percent, up from 24.1 percent in March, today’s report showed. In France, the jobless rate rose to 10.2 percent from 10.1 percent, while Italy reported the same increase. Portugal’s rate reached 15.2 percent, up from 15.1 percent.
Adding to signs of a deepening slump, European economic confidence dropped more than economists forecast in May and manufacturing output contracted for a 10th straight month. In Germany, business sentiment fell more than economists had forecast in May,
The situation is “deteriorating at an alarming rate,” said Chris Williamson, chief economist at Markit Economics in London. “Euro-zone manufacturers reported a deepening downturn in May, indicating that the damage to the real economy caused by the region’s financial and political crises continues to spread across the region.”
The European Commission said on May 11 that the euro-zone economy may shrink 0.3 percent this year, with countries from the Netherlands to Italy and Greece in recession. The European Central Bank, which will publish its latest projections when council members meet on June 6, currently forecasts a contraction of 0.1 percent in the euro area."...
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The two officials discussed “the significant progress that Spain has made on fiscal and structural reforms, the Spanish government’s plans to strengthen its financial sector and support recovery and job creation, and the broader challenges facing Europe and the global economy,” Treasury spokeswoman Kara Alaimo said in an e-mailed statement today.
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5/31/12, "Be Afraid Europe, Be Very Afraid - Tim Geithner Is Now "Helping" You," Zero Hedge
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Ed. note: Zero Hedge seems to believe Geithner won't be around much longer one way or another.
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