Bloomberg: The Worst Banking Scandal Yet?

via RealClearPolitics

The scandal over the manipulation of Libor has the potential to become one of the most costly and consequential in the history of banking. If the financial institutions involved want to prevent it from overwhelming their businesses and damaging the broader economy, they’ll have to act fast....The Libor scandal offers a sad illustration of the moral bankruptcy that has infected some corners of finance. If the response fails to demonstrate a clear break from the past, the repercussions could again inflict a lot of pain on millions of innocent people. This time, the financial sector has little goodwill to spare.

B.B. King - The Thrill Is Gone (Casino Soundtrack)

This movie is in my DVD collection.  What a dismal spectacle that movie is.  But the music goes with my mood these days. 

Kirk Sorensen - A Global Alternative (thorium energy via LFTR) @ TEAC4

Published on Jul 8, 2012 by gordonmcdowell



Update:

John Kutsch describes the strangeness of politics-- actually I've described it as ideology makes people stupid, which the story he relates shows.

PBS - Frontline - Who Was Lee Harvey Oswald (Part 1)

Uploaded by Richie086 on May 9, 2011

Part 1 of 3 below:



Part 2
Part 3

Comment:

A fair reporting of the event.  There's no wild speculation here, just the facts-- ma'am.  Too bad the media can't report like this.

Challenges of Getting to Mars: Curiosity's Seven Minutes of Terror (Upcoming Mars landing)

link via Free Republic

What struck me about this video is the amount of water in the Martian atmosphere is equivalent to the amount of carbon dioxide in the Earth's atmosphere. It would seem that there should be a way to extract that water and use it to produce rocket fuel.

2:18 into video

Obama, Democrats Push DISCLOSE Act to Intimidate Romney Donors

usnews.com  via Free Republic

• On Monday the U.S. Senate is going to again take up the DISCLOSE Act, an effort the Democrats and their allies want to pass in order to be able to intimidate donors to the GOP, to Romney, and to conservative causes.
• The problem is not how the money enters the system. The Democrats have their own groups who are doing just what the GOP is
• It's not the new system they don't like—even while they attack it. It's that without knowing the identity of the donors who are giving the money to the GOP, they can't send their mobs arising out of the "Occupy" movement and like-minded groups to the homes of donors in an effort to intimidate them into closing their checkbooks. Last week, for example, hoards of protesters descended on a neighborhood in New York to picket the home of a couple holding a Romney fundraiser, including a plane towing an obnoxious banner overhead.

Comment:

The left is all about "shut up".   They aren't interested in a free and open discussion of issues.

New Gallup Poll Says Americans Are Tuning TV News Out

Ed Driscoll via Free Republic

 Just ask Diane Sawyer: “You know, I wanted to sit on a jury once and I was taken off the jury. And the judge said to me, ‘Can, you know, can you tell the truth and be fair?’ And I said, ‘That’s what journalists do.’ And everybody in the courtroom laughed. It was the most hurtful moment I think I’ve ever had.”

Also, from NewsBusters:

The results of this survey should be tacked up on the walls of newsrooms across the country, but they won’t be. Instead the media will sputter along, continuing to alienate viewers as they force their alternate liberal reality on an increasingly suspicious public. The media may not want to Tell the Truth, but the numbers don’t lie.

Microsoft leaves MSNBC