As we approach the end of 2012, you’ve likely heard lots of talk among politicians and the media about the impending “fiscal cliff.” This term refers to a combination of tax increases and spending cuts that are slated to take effect in January 2013 if Congress fails to take action. But how will this affect you?
Payroll Tax – 2013 will bring the expiration of the payroll tax cut enacted by Congress in 2011. Starting next year, the current employee payroll tax rate of 4.2 percent will go back to 6.2 percent.
November 18, 2011
Hackers Will Take Down the Stock Exchange on Monday, or Maybe Not
Hackers Will Take Down the Stock Exchange on Monday, or Maybe Not: Anarcho-Doritologist hacker collective has declared war on the New York Stock Exchange and will launch a “raid” on the company’s website on Monday, October 10! Or is “Operation Invade Wall Street” a “fake planted operation”? Or maybe it doesn’t really matter either way.
If you buy the video (which, if it’s a “plant,” is convincingly self-serious), Anonymous‘ plan is essentially the same as the one that briefly took down PayPal and MasterCard: Convince a bunch of people to download and run a program that will effect a distributed denial of service attack on the target, in this case the NYSE website. It’s called “Operation Invade Wall Street,” and will happen on October 10.
(Excerpt) Read more at gawker.com …
Posted by Gunny G
It’s been called the Woodstock of Wall Street, but that’s hardly an apt comparison. The gathering at Max Yasgur’s farm 42 years ago was built on a generation looking for peace, love, some drugs and acid rock. The kids today are looking for real, tangible change of the capitalist sort. They’re organized, lucid and motivated.
(Excerpt) Read more at marketwatch.com …
(Click Link Above…)
Before I get to the items missed for today, I would make a comment about Hermann Cain’s “big” win in the Florida Straw poll.
Electing Cain would be like putting the fox in the hen house.
Cain is a former deputy chairman (1992-94) and chairman (1995-96) of the board of directors to the Federal Reserve Bank of Kansas City. He knows nothing except the poison of fiat currency. Cain also stated on his radio show that the “FED” should not be audited. I don’t know if he’s received enough heat to change his mind. I wouldn’t hire someone who worked for my enemy.
His 9-9-9 proposal is more rubbish.
9% corporate tax, 9% income tax and 9% national sales tax which would finally kill off our economy although it’s just about DOA anyway.
Kissinger: “Obama’s mission is to usher in a “New World Order” (via ~ BLOGGER.GUNNY.G.1984+ ~ (BLOG & EMAIL))
Wal Mart CEO: “Shoppers Are Running Out Of Money”; There Is “No Sign Of A Recovery”
“Wal-Mart’s core shoppers are running out of money much faster than a year ago due to rising gasoline prices, and the retail giant is worried. “We’re seeing core consumers under a lot of pressure,” Duke said at an event in New York. “There’s no doubt that rising fuel prices are having an impact.”
Free RepublicBrowse · Search Pings · Mail News/ActivismTopics · Post ArticleSkip to comments.
Why Isn’t Wall Street in Jail?
Rolling Stone ^ | February 16, 2011 | Matt TaibbiPosted on Wednesday, February 16, 2011 2:30:52 PM by Chunga85
Financial crooks brought down the world’s economy — but the feds are doing more to protect them than to prosecute them.Here’s how regulation of Wall Street is supposed to work.
To begin with, there’s a semigigantic list of public and quasi-public agencies ostensibly keeping their eyes on the economy, a dense alphabet soup of banking, insurance, S&L, securities and commodities regulators like the Federal Reserve, the Federal Deposit Insurance Corp. FDIC, the Office of the Comptroller of the Currency OCC and the Commodity Futures Trading Commission CFTC, as well as supposedly “self-regulating organizations” like the New York Stock Exchange.
All of these outfits, by law, can at least begin the process of catching and investigating financial criminals, though none of them has prosecutorial power.The major federal agency on the Wall Street beat is the Securities and Exchange Commission. The SEC watches for violations like insider trading, and also deals with so-called “disclosure violations” — i.e., making sure that all the financial information that publicly traded companies are required to make public actually jibes with reality.
But the SEC doesn’t have prosecutorial power either, so in practice, when it looks like someone needs to go to jail, they refer the case to the Justice Department. And since the vast majority of crimes in the financial services industry take place in Lower Manhattan, cases referred by the SEC often end up in the U.S. Attorney’s Office for the Southern District of New York.
Thus, the two top cops on Wall Street are generally considered to be that U.S. attorney — a job that has been held by thunderous prosecutorial personae like Robert Morgenthau and Rudy Giuliani — and the SEC’s director of enforcement.
Excerpt Read more at rollingstone.com …
Said he never ran for anything, but was indeed thinking about a run for the President.
The real story, which can only emerge through talk radio and alternative media, is that Geithner has very powerful political and financial connections, not only to the media but the banking interests and lobbies that try to orchestrate U.S. policy behind the scenes.”