Friday, August 16, 2013

Asia Shocks West By Demanding Their Gold Be Sent Home



Asia Shocks West By Demanding Their Gold Be Sent Home

After an initial $20 plunge, the price of gold turned violently higher and closed near the highs in

After an initial $20 plunge, the price of gold turned violently higher and closed near the highs in what turned out to be almost a $50 trading range.  In the aftermath of this turbulent trading, today one of the legends in the business shocked King World News when he said the reason for the wild trading action was that Asian central banks were demanding their gold, some of which is being stored in Western vaults, be sent home to Asia.

Read full article here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/8/15_Asia_Shocks_West_By_Demanding_Their_Gold_Be_Sent_Home.html

US files appeal to block Bernanke from testifying in AIG case



US files appeal to block Bernanke from testifying in AIG case
Published: Friday, 16 Aug 2013 | 5:39 PM ET

The U.S. Justice Department on Friday asked an appeals court to reverse a judge's ruling last month that Federal Reserve Chairman Ben Bernanke must testify in a lawsuit about American International Group's 2008 bailout.

Bernanke cannot be forced to sit for a deposition because high-ranking U.S. government officials are generally protected from getting drawn into time-consuming civil litigation, the Justice Department said in its petition.

The petition was filed in the U.S. Court of Appeals for the Federal Circuit in Washington.

"The demands of civil litigation, if not appropriately limited by the courts, will impair the ability of senior government officials to lead the departments and agencies for which they are responsible," the petition said.

Parties to a lawsuit also do not have the right to depose agency officials to cross-examine the basis of their decisions, the Justice Department argued.

Former AIG chief Maurice "Hank" Greenberg's Starr International Co. is suing the U.S. government for allegedly short-changing AIG shareholders by tens of billions of dollars during the bailout.

Starr was once AIG's largest shareholder, with a 12 percent stake.

Alanna Rutherford, a lawyer for Starr, said in response to the government's filing: "It's disappointing that the government seeks to delay discovery of the facts in this important case."




US judge says ex-AIG CEO can depose Bernanke over bailout

Published: Monday, 29 Jul 2013 | 10:43 AM ET
By: Reuters with CNBC.com

Federal Reserve Chairman Ben Bernanke should testify in the lawsuit by American International Group Inc's former chief Maurice "Hank" Greenberg against the United States over the insurer's 2008 bailout, a judge ruled on Monday.

Judge Thomas Wheeler of the U.S. Court of Federal Claims rejected the government's effort to keep Bernanke from being deposed, saying the Fed chairman was a "central figure" in the decision to bail out AIG.

"Indeed, the court cannot fathom having to decide this multi-billion dollar claim without the testimony of such a key government decision maker," Wheeler wrote. "These facts constitute 'extraordinary circumstances' for the taking of Mr. Bernanke's deposition."

The Justice Department declined to comment on the ruling. A Fed spokesman declined to comment.

"Because of Mr. Bernanke’s personal involvement in the decision-making process to bail out AIG, it is improbable that Plaintiff would be able to obtain the same testimony or evidence from other persons or sources."
Thomas Wheeler
Federal judge

Greenberg's Starr International Co, which once had a 12 percent stake in AIG, is suing over the government's taking of a 79.9 percent stake in the insurer in September 2008 and a separate 1-for-20 reverse stock split in June 2009.

Greenberg's attorney, Alanna Rutherford of Boies, Schiller & Flexner, said his team was pleased with the judge's decision.

Earlier this year Greenberg tried to force AIG to join his suit against the government over the $182.3 billion bailout, an effort the company ultimately rejected.

Greenberg is seeking tens of billions of dollars in compensation over the losses he incurred when the government rescued the company.

"Because of Mr. Bernanke's personal involvement in the decision-making process to bail out AIG, it is improbable that Plaintiff would be able to obtain the same testimony or evidence from other persons or sources," Wheeler wrote in his four-page order.
Wheeler said the court would extend "appropriate deference and courtesies" to Bernanke in scheduling the testimony; the judge also said he would attend the deposition himself.

It is tentatively scheduled for Aug. 16, the order noted.

Will Bernanke take the stand?
Hon. Richard Holwell, former Federal judge, explains why it's "a little unusual" for the Fed's chairman to be deposed in a suit involving the 2008 bailout of AIG.

The government had argued that details about Bernanke's role could be obtained elsewhere, such as meeting minutes from the Fed's Board of Governors, and that high-ranking U.S. officials in general should not be deposed over their official actions. It also said a deposition would distract Bernanke from overseeing the nation's economy and fiscal policy.

Wheeler, however, said it is "relatively routine" for top government officials to testify in Court of Federal Claims cases when they have personal knowledge of relevant information.

The court sits in Washington, D.C., and handles lawsuits seeking money from the government.

According to Wheeler, officials who have testified have included Dick Cheney, then secretary of defense; Andrew Cuomo, then secretary of housing and urban development; and General Colin Powell, then chairman of the Joint Chiefs of Staff.

Branding Snowden: Chinese tech firm wants to trademark NSA leaker


Branding Snowden: Chinese tech firm wants to trademark NSA leaker
Published time: August 16, 2013 14:53
http://rt.com/business/china-tech-snowden-trademark-570/

A woman holds a portrait of former U.S. spy agency contractor Edward Snowden in front of her face as she stands in front of the U.S. embassy during a protest in Berlin.(Reuters / Thomas Peter)

A Beijing-based electric car technology company wants to use NSA-leaker Edward Snowden’s name as a brand for their new ‘secret technology’.

Electric car technology firm Hong Yuan Lan Xiang (HYLX) submitted an application to the Chinese authorities to register the “Snowden” trademark in both Chinese and English, manager Hefeng Zhu told the South China Morning Post.

“We are talking with China’s domestic carmakers, and we aim to launch cars equipped with our technology by the end of this year,” Zhu told the South China Morning Post in a telephone interview on Friday.

HYLX considers their new ‘top-secret’ technology to be as groundbreaking as Snowden’s leaks. Removable batteries, conversion from fuel to electric, and expedited charging are some of the new products the company is offering, Zhu said.

“Snowden”, a brand already registered by several Chinese companies prior to the famed NSA leaks, may be denied on the basis it is too “political” as the name is considered a “sensitive” subject to Chinese authorities, according to Wang Hao, manager of Beijing-based Baishifuda Times Intellectual Property firm, told the Post.

Experts believe it could take 12 to 15 months for the patent application to be approved, Wang Hao said.

Unlike other patent law, a trademark can be used for multiple products, as long as the industries don’t overlap.

But since firms are allowed to register the same trademark under different “categories” listed by the country’s State Administration for Industry and Commerce, the Chinese aren’t the only ones hoping to cash in on the former US intelligence agent’s name by registering it as a trademark.

Russian businessmen have attempted to register the image of the whistleblower’s face. Rospatent has three reported applications for the image of Snowden’s face, likely lifted from screen shots of his on-air interview with the Guardian.

"The desire of businessmen to make money on some media personalities is clear. If his portrait is recognizable, Snowden may challenge in court its commercial use and has all chances to succeed," Stanislav Kaufman, brand manager of ‘Putinka’ vodka told Russian Beyond the Headlines.

Celebrities often patent themselves to gain exclusive rights so their names aren’t used without permission in commercials or endorsements, but there have been no reports if Snowden filed a trademark for his own name.

Essential Grids Now in Place and Energized for Rectification of All Requisite Hue-Manity Up-Steps



Essential Grids Now in Place and Energized for Rectification of All Requisite Hue-Manity Up-Steps
by ÉirePort 

Essential grids are now in place and energized for rectification of all requisite Hue-manity up-steps. Cosmic stream assistance comes forthwith, at appropriate moment.

Spiraling energies from Gaia Portals which are required for these up-steps will be embraced by sufficient numbers of Hue-Beings to allow Cosmic Upshift in frequencies.

Manifestations likely will include instantaneous multi-body (physical, mental, and emotional) healings as well as resolutions of prior-viewed-as "impossible" situations.

Major Gaia transformations commence with upcoming Cosmic stream influx.

ÉirePort | August 17, 2013 at 02:11
URL: http://wp.me/p2sFUY-nC 



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