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  • Axion Power Concentrator 356 August 7 '14: Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO; Share Reverse Split And Authorized Share Reduction Approved [View instapost]
    Any Anti-dilution protection?
    Aug 9 07:36 AM | 3 Likes Like |Link to Comment
  • Swine Flu, MERS, Ebola And Medical News Concentrator June 7, 2014 To August 16, 2014 [View instapost]
    When OG speaks… I listen :>)
    Aug 9 06:20 AM | 5 Likes Like |Link to Comment
  • Quickchat#272, June 16, 2014 [View instapost]
    Common Core is nothing less than the beginning of 1984's "Ministry of Truth" concept.
    Aug 8 07:40 PM | 5 Likes Like |Link to Comment
  • Swine Flu, MERS, Ebola And Medical News Concentrator June 7, 2014 To August 16, 2014 [View instapost]
    August 8, 2014 - WHO declares Ebola epidemic an international health emergency. By Kate Kelland, From: Reuters

    On Friday, the WHO said that West Africa's Ebola epidemic is an "extraordinary event" and now constitutes an international health risk.

    WHO says the consequences of a further international spread of the outbreak were "particularly serious" in view of the virulence of the virus. A coordinated international response is deemed essential to stop and reverse the international spread of Ebola, the WHO said in a statement after a two-day meeting of its emergency committee on Ebola.

    "The outbreak is moving faster than we can control it," says WHO's director-general Margaret Chan. "The declaration [of an international emergency] will galvanize the attention of leaders of all countries at the top level. It cannot be done by the ministries of health alone."

    The agency said that, while all states with Ebola transmission - so far Guinea, Liberia, Nigeria and Sierra Leone - should declare a national emergency, there should be NO general ban on international travel or trade.

    Keiji Fukuda, the WHO's head of health security, stressed that, with the right measures to deal with infected people, the spread of Ebola - which is transmitted through direct contact with bodily fluids - could be stopped. And anyone known to have Ebola should be immediately isolated, treated [hydration?] and kept in isolation for 30 days.

    The current outbreak is the most severe in 40 years. The WHO said this was partly because of the weakness of the health systems in the countries currently affected, which lacked human, financial and material resources. It also said inexperience in dealing with Ebola outbreaks and misperceptions of the disease, including how it is transmitted, "continue to be a major challenge in some communities".

    After an experimental drug was administered to two U.S. charity workers who were infected in Liberia, Ebola specialists urged the WHO to offer such drugs to Africans. David Heymann, a former WHO official and now director of the Chatham House Centre on Global Health Security, urged the WHO to show greater leadership and to consider allowing the use of experimental drugs for Africans affected by Ebola. "Governments appear to not have been engaged as necessary," he said in an emailed response to the WHO's statement.

    People are throwing dead bodies out into the streets, many of the front-line responders are dying and infections rates are increasing exponentially. The WHO says the outbreak is "… moving faster than they can control it" but they don't recommend a general ban on international travel to and from outbreak countries??

    Excuse me Director-General Chan of the WHO... if it’s "...out of control" now, what exactly is the next serious health concern rating level - "really" out of control now? How can it be acceptable for international travel to continue when you say its moving so fast it can't be controlled? This needs to be controlled now, and the first step in controlling it from an international perspective is to put a ban on all travel out of the infected countries. If you go in, you stay in. One of the huge problems here is if this gets a toe hold in another country, it too needs to be isolated. Imagine this monster getting a toehold in China or India. Places where high population density increases potential contact rates.

    This is very bad, and I am not encouraged by the WHO's current response and particularly by the comments of their current leadership.

    Aug 8 11:04 AM | 6 Likes Like |Link to Comment
  • Swine Flu, MERS, Ebola And Medical News Concentrator June 7, 2014 To August 16, 2014 [View instapost]
    Thanks Guns. I added your link to the concentrators header.
    Aug 8 08:24 AM | 2 Likes Like |Link to Comment
  • Stability Of The European Union June 2, 2014 To ??? [View instapost]
    Nice thinking JH… The ECB is currently performing a comprehensive assessment prior to assuming full responsibility for supervision under the Single Supervisory Mechanism (SSM) in November 2014.

    This assessment is an important step in preparing the SSM and, more generally, towards bringing about greater transparency of the banks’ balance sheets and consistency of supervisory practices in Europe.

    The assessment started in November 2013 and is due in October 2014.

    If that comprehensive assessment is actually valid, I would think PVs on the old balance sheets just changed radically for a lot of those banks.

    I know this is going to hurt Greece quite a bit, but what about France? They are very protective of their Ar sector. On top of that they are getting pressured about those Mistral Amphibious Assault Ships… Their economy is really hurting, and the U.S. just fined French lender BNP Paribas nearly $9 billion…

    I can't imagine anything that would likely insult the French more than that fine for doing what everyone else was doing….

    As I said, I don't think the person moving the pieces on our side of the board knows how to play the game. No way this is going to turn out well… We not only end up shooting ourselves in the foot, we also end up shooting our partners in other vital parts…
    Aug 7 01:31 PM | 5 Likes Like |Link to Comment
  • Stability Of The European Union June 2, 2014 To ??? [View instapost]
    The pawns are starting to complain… I don't think the person moving the pieces understands the game.
    Aug 7 12:15 PM | 3 Likes Like |Link to Comment
  • Stability Of The European Union June 2, 2014 To ??? [View instapost]
    August 7, 2014 "Stop Putin" Coalition Cracking: Greece Laments "Blind Obedience To Cold War Strategies Of Brussels And Washington"
    From: ZeroHedge

    Earlier today the Greek foreign minister said that Greece is trying to protect agricultural production, keep friendly relations with all countries, and fulfill its EU obligations. The problem is that it can't satisfy everyone, and certainly not its food exporters if it wants to remain on friendly terms with the EU that has kept it on life support for the past 4+ years.

    Add to this that the Greek main opposition party Syriza today said that the Greek government's "blind obedience to the Cold War strategies of Brussels and Washington will be disastrous for country’s agriculture." Syriza asked govt to immediately lift all sanctions to Russia, as they don’t contribute to a solution of the Ukrainian crisis, and "instead fuel an economic and trade war, in which Greece has unfortunately become involved." Syriza concluded that the current government hasn’t correctly weighted Greece’s special interests and bilateral relations with Russia.

    [Some Context here: The EU is desperately attempting to sabotage Syriza who wants to default immediately on Greek Debt. But now, the EU's actions are going to directly hurt Greek food exports, and damage the Greek Economy]

    Another country that recently aligned itself with Russia and the South Stream gas pipeline, Austria, also made it very clear that the sanctions approach won't stand. Austria exported €238 million of agricultural products, edibles to Russia last year; Russia is Austria’s 3rd biggest export destination for such products outside of the EU.

    Germany said moments ago that the Russian ban on imports of meat, fish, dairy products, fruits and vegetables from EU and U.S. will have “noticeable” impact, German agricultural exporters. And they, unlike Russian consumers, get to vote in German elections.

    But the coup de grace, that assures that things are only about to get much worse concerns the following...

    Will Europe follow the US which is so friendly with its allies that it was recently exposed in the biggest spying scandal with Germany in recent history? Or will they remain friendly with Russia, a country that provides it with nearly a half of its energy needs and which just showed it can and will cause far more pain to Europe than vice versa.

    Sure looks like someone needs to engineer a shooting incident here... The airliner incident did not work.
    Aug 7 11:39 AM | 2 Likes Like |Link to Comment
  • Swine Flu, MERS, Ebola And Medical News Concentrator June 7, 2014 To August 16, 2014 [View instapost]
    It's got to be an SOB on an issue like this… I think it's best to do something, so I would start with the front-line medical people and researchers. If there is any left after that, I would leave it up to the doctors… MDs… they face life and death decisions all the time, perhaps they would give it to children… I just don't know. I am a researcher, not trained to deal with death.

    I would like to see a lot more money and resources expended in these countries on containment processes.

    Everyone knows what they should not be doing, but it's out of control…

    Is this an education issue or a cultural issue, or what? I know by tradition, they wash down their dead…. Given this situation, I would think they could come up with something that perhaps replaces that process in dire times. For example, clean by fire. That would require the intervention of the religious folks… If they are not careful this is going to go from bad to something unbelievable like shooting people trying to sneak out of the country.

    I don't really see this is just a health care issue… it involves their customs and beliefs… Do they need to mobilize the folks that deal with those factors?

    I wonder if Medicago could help them… They have a lot of expertise with tobacco plants… Could NVAX help?

    I just feel so helpless sitting here watching this go from bad to worse.
    Aug 6 01:37 PM | 4 Likes Like |Link to Comment
  • Quickchat#272, June 16, 2014 [View instapost]
    I also suggest changing your weapon from that
    .577 t-rex to something with a bit less recoil. At least until the back heals :>)
    Semper Fi!
    Aug 6 12:54 PM | 4 Likes Like |Link to Comment
  • Quickchat#272, June 16, 2014 [View instapost]
    Good move D
    Aug 6 12:16 PM | 2 Likes Like |Link to Comment
  • Swine Flu, MERS, Ebola And Medical News Concentrator June 7, 2014 To August 16, 2014 [View instapost]
    Three leading Ebola experts call for release of experimental drug

    About time!
    Aug 6 12:15 PM | 5 Likes Like |Link to Comment
  • Stability Of The European Union June 2, 2014 To ??? [View instapost]
    An article from the NY Times, confirms who is going to end up paying for the Banco Espírito Santo bailout... it is of course no surprise to us that the taxpayers in Germany, France, Finland and other Eurozone countries will end up paying the bill.

    From the Times article:
    Officially, the money for the €4.9 billion bailout is coming from a resolution fund bankrolled by the financial industry. But because the fund does not have nearly enough cash, the "government" is lending it €4.4 billion. If all goes well, the healthy part of Banco Espírito Santo will later be sold and the proceeds will be used to reimburse taxpayers.

    However, it is not at all clear whether a sanitized version [i.e., Good Bank] of Banco Espírito Santo will be worth enough to repay the loan. Because the Portuguese government is using money from a fund established by other European countries, taxpayers in Germany, France, Finland or other Eurozone countries could ultimately wind up paying the tab.

    I think it's important to look at this in detail.

    In all the official news releases about the rescue of BES, the rescue funds were said to be coming from the "Troika Resolution Fund". However, we now find that the "Enchanted" Troika Resolution Fund does NOT have sufficient funds to bail out BES. In fact, the Troika Resolution Fund appears to be €4.4 billion short [90% - interesting round percent there].

    So where does the shortfall in funding coming from? It comes from taxpayers. The fund can borrow from the taxpayers because the fund is a government creation. As a result, the funds credit is not an issue, it has a blank check. Unfortunately, for the taxpayers, it's doubtful that the sanitized [i.e., Good Bank] part of Banco Espírito Santo will be worth enough to repay the loan.

    Look at the slight of hand here. A phony fund; actually a funding mechanism is established. When it needs funds, it "borrows" from the taxpayer’s treasury. The funds borrowing is not constrained by the real worth of assets it is going to acquire. In fact, the funds capacity to borrow is politically determined.

    Now the sale comes up short, and the fund is in the red. Exactly who is punished for the poor financial performance of the fund? It's the taxpayers who had no say in the management of, or establishment of the fund. In other words, the fund is simply a mechanism to seize taxpayers money to cover high-risk behavior of different countries banking institutions. Banking institutions that have a major influence on who runs the EU.

    I believe this looting mechanism pretty much guaranties that troubled assets will be sold at barging basement price. Why? Because the profit/ loss position of the enchanted funds are irrelevant. Exactly who pays for loan loses if the sale of BES assets does not cover the amount loaned?

    How you win in this game is to never make loans to businesses or consumers. Those are high-risk loans. Winning banks only loan money to other banks. If those banks go into failure mode, they will be backed up by EU taxpayers. Meanwhile, the good assets of the failed banks will be scoped up by the winning banks. The losers in all this - the taxpayer. And now for something completely different.

    Trustful "Relevant" News Source:
    The first thing I noticed when I read this was that the meat of the NY Times article appears to have been cloaked. I got the impression that the writer knows what is going on here, but the way the information was presented raises questions. Is this really the way the article was written, or was it substantially edited?

    I see the meat of the article as:

    1. Basically, the rescue fund is NOT funded so the money is coming from taxpayers.

    2. It is not clear whether a sanitized version [i.e., Good Bank] of Banco Espírito Santo will be worth enough to repay the loan.

    3. So EU taxpayers will end up paying to bail-out a peripheral EU countries bank.

    4. From contextual knowledge that should have been applied to this article - The EU said after Cyprus that their policy is to no longer bail-out peripheral countries banks, they would bail-in those banks.

    5. Based on "4" what we are apparently looking at here is a major change in EU rescue policy.

    Yet the title of the article is: "Calm After a Bank’s Collapse in Portugal Could Signal Eurozone Resiliency"

    Read the NY Times article and see if you agree with the way the article is titled.
    Aug 6 10:12 AM | 6 Likes Like |Link to Comment
  • Stability Of The European Union June 2, 2014 To ??? [View instapost]
    August 6, 2014 From: Bloomberg

    ITALIAN gross domestic product dropped in the second quarter, showing the economy is in recession. Gross domestic product fell 0.2 percent from the previous three months, when it declined 0.1 percent, the national statistics institute Istat said in a preliminary report in Rome today.

    GERMAN manufacturing orders fell 3.2% in adjusted terms in June from May, compared with a 1.6% decline in May from April. The decline was the sharpest since September 2011 and raises concern that political upheaval in Ukraine and sanctions against Russia are weighing on the prospects for German firms.
    Aug 6 07:59 AM | 4 Likes Like |Link to Comment
  • Stability Of The European Union June 2, 2014 To ??? [View instapost]
    August 4, 2014 Banco Espirito Santo Collapses

    Portugal authorities were compelled to put up 4.9 billion euros to prevent the collapse of ailing Banco Espirito Santo. Portugal split Espirito Santo into two banks: a "good bank", called Novo Banco, which keeps the company's healthy businesses, and a "bad bank" that will hold toxic assets and retain the Banco Espirito Santo name.

    The bad bank will be put into liquidation and shareholders / junior bondholders (subordinated), including some major companies such as Portugal Telecom, will get to bear the brunt of the losses. The rescue money comes from a special fund [Troika Resolution Fund] set up during the eurozone crisis and designed to help financial institutions in difficulty.

    The Bank of Portugal governor Carlos Costa conceded in a televised statement Sunday that officials had been duped by a type of Ponzi scheme whereby cash and debts were shifted around the Espirito Santo family's tourism-to-health care business empire on four continents. Costa said an audit by the central bank detected problems eleven months ago, but It remains unclear why action to shore up the bank were not taken back then. Portuguese politicians are demanding an inquiry into how Banco Espirito Santo slipped through the net of supervision. Police suspect former Chief Executive Ricardo Espirito Santo Salgado of fraud, forgery and money-laundering.
    One of the questions here concerns whether this will trigger CDS insurance.... LOL... CDS is not worth the paper it's written on.

    At least the depositors did not get Cyprused... so far...
    Aug 4 03:05 PM | 6 Likes Like |Link to Comment