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The
following items are posted for educational and information purposes
only and may not represent
the
views of Global Action.
Breaking
News Plus
25th June 2010
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QUOTATION OF THE DAY
"The art, literature, music,
architecture, medicine, technology, system of justice and scientific
achievement of the European Peoples’ should mute all but the most
hate-filled non-Whites. Our people have dried an ocean of tears
compared to what we’ve caused, have fed a billion more people than
we’ve mistreated, and educated a thousand non-Whites for every one
we’ve abused. Europeans have brought literacy to societies that had no
written language, concepts of justice to tribes that knew no law except
that of the mighty and brutal, principles of freedom to lands that have
known nothing but tyranny from the beginning of time. Non-Whites should
not grow up imbued with hatred toward our people; and our young should
not grow up with feelings of guilt, but with the pride and
determination they need to become a meaningful part of a great people
whose destiny points not toward the jungle, but toward the stars." -
Unknown.
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AUSTRALIAN LABOR LURCHES FROM DISASTER TO MEGA DISASTER
RUDD
OUT, GILLARD IN... OH DEAR!
 The Labor Party in Australia
has clearly learned nothing from the catastrophic career of former
glamour boy Kevin Rudd. In choosing "Comrade" Gillard they again
selected a motor mouth spin artist over what Australia really needs - a
person of experience and substance!
Listening carefully and
reading the nuances of body language from Ms Gillard today it is clear
that while in fact closer to a
Communist Commissar in her former life, she plans to dupe the
Australian people by coming across as the new "queen of reason" in the
cesspool of corruption and inefficiency called Canberra.
As with Rudd, we hear
the smooth talk and the slick answers. As with Rudd, her track record
is very different. I give her a short honeymoon period, a
matter of weeks, before the walls come crashing down on this latest
Labor patch up job.
As a matter of curiosity I took a look at
what I wrote the night Kevin Rudd became Prime Minister in 2007 - in
the light of recent events it's almost prophetic! Here it is - enjoy!.
Australian
Federal Election 2007
The greatest
disaster since the election of the disgraced Gough Whitlam
government in 1972
 On Saturday 24th November 2007 a
state of temporary insanity descended upon Australia when voters
elected the Kevin Rudd and Julia Gillard Labor team.
On Sunday
morning millions of Australian will wake up and begin to ask themselves
"what have we done?" As their present world gradually collapses
around them, they will probably find themselves repeating that question
for the next three years.
So "What have we
done?"
Well here are a
few of the answers. The nation has thrown away its birthright and
any hope of strong and experienced future economic management by
swallowing the sweet and tempting, but hollow words and promises of the
slickest and yet most unqualified political team ever to lay their
hands on the levers of power in our great nation.
Under the guise
of the quite meaningless cry "it's time for a change" Australians have
thrown away the benefits of eleven years of prosperity and elected a
new Prime Minister who's only claims to fame are that he was a one time
diplomat and speaks fluent mandarin chinese. Even worse, they elected a
total turkey, Julia Gillard, a motor mouth red, as deputy prime
minister. This women clearly has the brains of a geranium and yet
will guide the destiny of every Australian workplace - right back to
the days of destructive and counter productive unionism. If,
heaven forbid, Kevin Rudd falls ill due to his heart condition, this
vain and empty headed creature will be prime minister.
 Voters have invited into our daily lives a
plague of former union officials and a pestilence of left wing cronies,
political correctness and a toxic mix of multi-culturalism that will
lay the foundations for the destruction of the very values that made
this nation great. The floodgates to foreign immigration will now
lay wide open. Our children and grandchildren will curse both
this day and the short sighted stupidity of the so called "swinging
voters" who by their political ignorance or just plain muddled headed
thinking allowed this calamity to occur.
At a time when
the United States financial and banking sectors are crumbling, expected
growth in the world's biggest economy has been revised downward,
inflation is again gathering steam and the US dollar is tattered and
fading, Aussie voters invited a team of inexperienced and incompetent
children, pop stars, nobodies and unionists to govern our affairs,
protect our economy, keep mortgage rates down and guarantee job
growth. Fat chance! If the American economy falters
the knock on effect for Australia will be devastating. If the USA
reduces it's purchases of Chinese goods our economic mining boom
evaporates and the Australian economy will be savaged.
As I write, a
host of predator nations in OPEC (particularly led by muslim Iran and
Chavez' Venezuela) are considering swapping oil contracts from US
dollars to euros. To weather this growing storm, plus the already
breaking cyclone of peak oil, we need hard nosed, experience, economic
management, yet Australian voters have just elected a team of glib
media darlings and novices.
Expect a flood
of African, Philippine, Mexican and Indonesian settlers, oops,
refugees. Expect more Chinese who will snap up every tax dodge small
cash business in the nation. More muslims, more Indians and Pakistanis
who will gobble up the education and work places of Australian
kids. Expect food and health standards to drop as third worlders
take up more jobs in our food halls and fast food outlets. Expect
more racial tension, drugs, marriage breakdowns, rape and crime. Expect
more corruption. Finally expect your Australian rights to be trampled
in the dirt.
Don't expect the
person on the other side of the counter at the local petrol dis-service
station to be able to speak english. Whatever you do don't think
that your children will ever again be able to "call Australia
home". Yes, that's right, the vote that was cast on 24th of
November 2007 for Labor will within two decades make Aussie kids
strangers and slaves in their own land.
Out of this
shambles will come the next generation of Australian political
traitors. They will joint the idiot Whitlam, who ran his Labor
government and the nation broke and was fired by the then Governor
General - Sir John Kerr. Al Grasby, the traitorous Whitlam
immigration minister, who first opened the doors for the destruction of
Australian culture and who was later exposed as a crook and died in
shame. The disgraced fool Paul Keating, the self proclaimed
"world's greatest treasurer" who gave Australia "the recession it
needed to have" and for a time made us a banana republic.
Then there was Bob Hawke, the union destroyer and egotistical, self
seeking, squabbler whose only claim to fame was that he declared on the
day we won the Americas cup that "any boss who expects his
staff to work today, is a bum!" Finally, there was
Malcom Frazer, the school prefect Liberal, who replaced
Whitlam, but left our doors wide open to foreigners and sundry scum.
Time will tell.
Our children will pay the price. In spite of all John Howard and his
team's hard work and occasional failings Australia will now take a
massive step backwards.
Today the
Federal government is in the black due to sound management. Tomorrow
the red ink will begin to flow!
Tomorrow Rudd
and his Labor team will bask in the warm sunny glow of victory, but in
the not too distant future ordinary Australians will see the first
cancerous pustules appear on the Labor body politic.
It's all down
hill folks!
Lyn Vickery
24th Nov 2007.
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Click Picture to view
this sobering You Tube.
UK Budget: Osborne's 'tough' package puts VAT up to 20%
BBC
World News
 VAT is to rise from 17.5% to 20% in January
after George Osborne unveiled the biggest package of tax increases and
spending cuts in a generation.
He said his
"tough but fair" Budget was "unavoidable" although he told MPs in the
Commons there would be no extra tax on alcohol, tobacco and fuel.
Child benefit
will be frozen for three years and there would be cuts to family tax
credits and housing benefits.
Labour said the
Budget would "throw people out of work" and stifle growth.
But Mr Osborne
laid the blame for the state of the nation's finances squarely at the
door of the previous Labour government, saying: "The years of debt and
spending make this unavoidable."
 He promised to
balance Britain's books within five years - faster than Labour was
planning, with the bulk of the savings to come from cuts to benefits
and public services rather than tax increases.
He said action
was needed to prevent a "catastrophic collapse" in economic confidence
but stressed it would be done in a "fair" way with the better-off
shouldering most of the burden.
"Everyone
will pay something but the people at the bottom of the income scale
will pay proportionately less than those at the top. This is a
progressive Budget," he said to jeers from Labour MPs.
Tax credits will
be cut for families earning more than £40,000 a year - and there
will be a two year pay freeze for public servants paid more than
£21,000, with those earning less all getting a £250 rise.
In addition to
the VAT increase, which Mr Osborne said would raise £13bn a year,
capital gains tax will be increased to 28% for top rate taxpayers -
less than the 50% some Conservative backbenchers had feared.
Full Story
# EDITOR'S
NOTE: Whatever you do, DO NOT FORWARD THIS NEWSLETTER TO KEVIN
RUDD OR WAYNE SWAN!
We don't want them to get any more super tax ideas!
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San Francisco passes cell phone radiation
law
 San Francisco has become the first
city in the US to require mobile phone retailers to post radiation
levels next to the handsets they sell.
The board of supervisors, or council,
voted 10-1 to approve the measure.
"This is about helping people make
informed choices," said the law's chief sponsor, Supervisor Sophie
Maxwell.
The mobile phone industry has pointed to
studies that it says show mobile phone radiation was not harmful to
people.
It has fought similar legislation in
California and Maine, and defeated the bills in both states.
The Federal Communications Commission has
adopted limits that set out safe exposure to these kinds of emissions.
The measurement defines the amount of
radio waves that people can safely absorb into their bodies when
talking on a mobile phone.
Some researchers have claimed such
emissions can be linked to cancer and brain tumours but there remains
little scientific consensus on the matter.
"This is not about discouraging people
from using their cell phones," said Tony Winnicker, spokesman for San
Francisco Mayor Gavin Newsom, who has said he will sign the legislation
into law.
"This is a modest commonsense measure to
provide greater transparency and information to consumers." Full Story
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Report: 43% more millionaires in Israel in
2009
 Israel third in the world in relative growth
rate after India, Hong Kong; Meryll Lynch defines millionaire as
someone with at least $1 million liquid assets.
While the global financial crisis led to a 17 percent rise in the
number of millionaires in the world in 2009, the number of Israeli
millionaires increased by a whopping 43 percent last year, business
consultant firm Capgemini and Merrill Lynch financial management
advisory firm announced Tuesday.
The drastic climb placed Israel as the
country with the third highest growth rate of millionaires per capita,
after India and Hong Kong.
Hong Kong saw the highest growth rate of
millionaires, with 104 percent rise, while India saw a 50.9 percent
rise. The countries with the most millionaires remained the United
States, Germany and Japan.
During 2009 there were over 10 million
millionaires throughout the world, holding together assets worth over
$39 trillion, while in Israel there were 8,419 millionaires.
The climb is due to a 40 percent rise in
the number of financial share holders in Israel's stock market, and in
a 15.5 percent rise in real estate prices.
This is the 14th year in which Meryll
Lynch has published a report on the world's millionaires, which they
define as someone who has over $1 million in liquid and available
assets, not including real estate investments. The report defines a
multi-millionaire as someone whose fortune amounts to $30 million or
more. Story
Link
#Comment: It is nice to
know that so many wealthy elites are doing so well during the 2nd
depression we are in the middle of.
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Israeli court overturns
ultra-Orthodox jail sentences
 Israel's supreme court has overturned jail terms given to a
group of ultra-Orthodox Jewish mothers for disobeying a court order on
school integration.
They had refused
to let their daughters attend school with girls from a different Jewish
background.
Last week,
ultra-orthodox Jews staged one of the biggest protests against the
state of Israel.
The women, who
were sentenced to two weeks in jail, belong to a strictly observant
Ashkenazi sect.
The Ashkenazi
parents refused to send their children to school with Jewish Sephardi
girls, citing religious grounds as the reason.
Sephardi
families are of Middle Eastern or North African origin.
'Special
circumstances'
The Ashkenazi
parents, who are of European descent, want segregated classrooms
because they say the Sephardi families are not religious enough.
The
court has exempted 13 of the mothers from jail to care for their
children and allowed nine to delay serving their sentences until their
jailed husbands returned home.
"These are mothers in special
circumstances and they have been allowed to stay at home," a justice
official told the AFP news agency.
Some of the women were said to be pregnant
or have children with special needs, reports said.
Thousands of ultra-Orthodox Jews had
protested against the original court ruling that ordered the women to
return their daughters to the Beit Yaakov girls' school in the West
Bank settlement of Immanuel.
Dozens of the families' fathers were
jailed for defying the school integration ruling.
The families at the centre of the legal
battle come from a strictly observant sect of Hasidic Jews called
Slonim, who have Ashkenazi lineage.
They have pulled their children out of the
school saying the less observant students would be a bad influence on
them. Full
Story
What's Next For The Fed? Nothing, It Has
Officially Become Useless
 Today’s Fed decision is largely a
non-event. The consensus believes the Fed will leave rates
unchanged and is unlikely to alter their language too much as global
double dip concerns have increased in recent months:
“The FOMC
announcement for the June 22-23 FOMC policy meeting is expected to
leave the fed funds target rate unchanged. With continued market
skittishness over sovereign debt problems in Greece and other European
countries, the Fed is likely to be cautious about plans for unwinding
its expanded balance sheet. Fed watchers likely will focus on statement
wording regarding the status of the economy-notably any signs of labor
market improvement.”
But as the
seemingly endless zero interest rate policy continues some at the FOMC
are beginning to get antsy about the Fed potentially being behind the 8
ball as they were in 2002 and heading into the recession. Of
course, I think we are looking more and more Japanese. The
problems in Europe have almost certainly compounded our problems and
that likely means the Fed will be even more hesitant to raise rates. A
recent SF Fed paper confirms this thinking. They believe the
current environment is similar to Japan:
“some worry that
maintaining a large Fed balance sheet with substantial holdings of
securities as assets and bank reserves as liabilities could trigger an
unwelcome rise in inflation expectations and inflation. However, the
doubling of the Fed’s balance sheet has had no discernible effect on
long-run inflation expectations measured in the Survey of Professional
Forecasters. This insensitivity of inflation to an enlarged central
bank balance sheet is consistent with Japan’s decade-long spell of
price deflation.”
They conclude
that ZRIP is justified perhaps as far as 2012:
“Many predict
that the economy will take years to return to full employment and that
inflation will remain very low. If so, it seems likely that the Fed’s
exit from the current accommodative stance of monetary policy will take
a significant period of time.” Full
Story
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IMPORTANT
STUFF
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Explore the Global Action Website with the following
links
"Rule number one. There
are no rules. The future is ours to fashion!" Lyn Vickery.
"Five thousand
years of lawmaking have failed to achieve what simple human
RESPECT, TRUST and GOODWILL do
each day to make
society function. If there was right attitude, respect, trust and
good faith
there would be no
work for lawyers." Lyn Vickery
Thank
you for your
interest.
email address: issues@globalactint.com
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