Paleontologist Versus Paleo-Conservatives

I found this interesting post on Marie Stopes the mother of the British and Canadian birth control/planned parenthood movements.

Shh don't tell the Conservatives this is on the governments Natural Resources site or it might disappear.

Of course being a paleontologist she would be well steeled for dealing with controversy from the religious right. In todays world her profession as a paleontologist would give her a leg up on confronting the paleo-conservatives.

Past lives: Chronicles of Canadian Paleontology

Marie Stopes: paleobotanist at St. John

It is not often that the Geological Survey of Canada considers it necessary to hire a foreign expert to adjudicate a local paleontological matter. In 1911 Marie Stopes was brought in as a hired gun to check the paleobotanical work of Sir William Dawson in St. John, New Brunswick

Marie Stopes, in a romantic pose looking like the Lady of Shalott, aged 30, about the time she worked on the Fern Ledges fossils. (From Ruth Hall's book - Passionate Crusader: The Life of Marie Stopes.)

In 1940, a Mr. J.F. Coates, M.P. from New South Wales gave a speech in the Australian Parliament that included this statement: "The Empire today has three enemies -- all from Munich. One is Hitler, the other Goebbels, and the third that doctor of German philosophy and science -- Dr. Marie Stopes. The greatest of these is Marie Stopes". Why such enmity? Her German doctorate was in the field of paleobotany -- not usually a field that provokes vitriolic hate. But Stopes was also the author of the first sex manuals, Married Love and Wise Parenthood, and an active promoter of birth control who established Britain's first family planning clinics in 1921. The Marie Stopes International now provides reproductive health services in over thirty countries and, in 1999, she came first in the Guardian's "Women of the Millennium" poll.

But our interest here is not primarily with Marie Stopes, the birth control promoter; it is with Marie Stopes, the paleobotanist, who in 1911 was hired by the Geological Survey of Canada to settle a vexing controversy about the age of plant fossils at "Fern Ledges" near St. John, New Brunswick. With a Ph.D from Munich and a D.Sc. from London, this 30-year-old lecturer in botany at the University of Manchester, and the author of Ancient Plants, was well qualified for this task.

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Israel Hacker Heaven

Israel a Hotbed of Internet Attacks, Report Says

Because Israel is a hotbed of corporate malfeasance, spying and corruption.

24 December 2001

Fox News, beginning mid-December, reported a four-part series on alleged Israeli spying on the US telecommunication systems through firms which provide telephone billing and assist FBI wiretaps. Recently the series was withdrawn by Fox News without explanation. The series has been recovered from private archives for publication here.

It is also the source for software tied to the American corporate, military and intelligence establishment.

For the past five years, there have been growing fears that somehow, outsiders have been able to penetrate into the confidential computer files of government agencies, business entities such as banks and defense contractors and individuals.

Some of this appeared to be an attempt to obtain highly classified information that could be of use to others and in other instances, attempts to get into the personal, and corporate, bank accounts of individuals and corporations.

This is a brief study of some of the salient aspects of this problem of computer theft and espionage and we will start with the discovery of massive computer penetration in Israel. We will then consider further penetrations of American business and intelligence computer systems by agents of a foreign government as opposed to confidence men and then conclude with the use of the same methods to commit frauds on the gullible in the United States and elsewhere.

Some of the first public notice of this problem surfaced first in Israel in 2004 when Israeli law enforcement cyber crime experts discovered that what is known as a Trojan Horse (illicit spyware planted on an unsuspecting computer) had been inserted into about 60 major Israeli businesses. Isreali law enforcement subsequently indicted various members of three of Israel’s largest private investigative agencies on charges of criminal fraud. These spyware plants were in various commercial areas such as : Israeli military contracting, telephone systems, cable television, finance, automobile and cigarette importing, journalism and high technology. These intrusive spyware plants were nearly identical with ones developed by the American NSA and widely used inside the United States to glean political, economic and counter-intelligence information from a huge number of American businesses and agencies. Israeli investigators believed that there was illicit cooperation between the American agency and a counterpart in Israel.

These Trojan horses that penetrated the Israeli computers came packaged inside a compact disc or were sent as an e-mail message that appeared to be from an institution or a person that the victims thought they knew very well. Once the program was installed, it functioned every time the victim’s computer system was in use, logging keystrokes or collecting sensitive documents and passwords before transmitting the information elsewhere.

This clandestine theft of valuable commercial, military and political secrets is certainly not limited to Israel and many important agencies and individuals have become increasingly concerned about what is called “phishing” in which both con men and foreign (and domestic) intelligence agencies can locate, capture and use valuable personal, political and financial information. In September of 2005, the Anti-Phishing Working Group, an ad hoc group of corporate and law enforcement groups that track identity theft and other online crimes, said it had received more than 13,000 unique reports of phishing schemes in that month alone, up from nearly 7,000 in the month of October, 2004..

In late 2005, a new form of phishing, called “spear-phishing” emerged.

.So-called spear-phishing is a highly concentrated and far more effectove version of phishing. That's because those behind the schemes bait their hooks for specific victims instead of casting a broad, ill-defined net across cyberspace hoping to catch throngs of unknown victims.

Spear-phishing, say security specialists, is much harder to detect than phishing. Bogus e-mail messages and Web sites not only look like near perfect replicas of communiqués from e-commerce companies like eBay or its PayPal service, banks or even a victim's employer, but are also targeted at people known to have an established relationship with the sender being mimicked. American banks such as Chase and Bank of America are among those whose names are faked and also the online auction house of Ebay and the international money transfer firm of PayPal receive considerable attention from the international conmen and credit thieves. These thieves are not necessarily gangs operating for financial gain but also include theft of trade secrets, private corporate banking and highly sensitive military and political information.

Court remands top Israeli execs in industrial espionage affair
The Tel Aviv Magistrate's Court Monday remanded several people from some of Israel's leading commercial companies and private investigators suspected of commissioning and carrying out industrial espionage against their competitors, which was carried out by planting Trojan horse software in their competitors' computers.

Others said the combination of Israel's high-tech culture, fine-tuned in secretive military units, and a penchant for independent thinking made the scandal inevitable. Some of the world's top computer security companies, including Check Point Software Technologies Ltd., are Israeli.
The list of clients implicated in the affair reads like a Who's Who of Israeli blue chips: Amdocs Ltd., a business-software maker that trades on the New York Stock Exchange; the Cellcom phone carrier and three subsidiaries of the Bezeq phone monopoly, a long-distance carrier, cell phone provider and satellite TV firm.

At least one veteran fraud investigator in Israel said he wasn't shocked by revelations of widespread spear-phishing and the corporate espionage scandal last spring. "This case is not unconventional," said Boaz Guttman, a lawyer and former head of the cybercrimes unit for the Israeli national police. "Most of the crimes are not reported. The police here and in the United States only know about 5 percent of the cases. Hackers don't take a break, not one minute.

"Everybody is spying against everybody in Israel," added Mr. Guttman, who said he was representing one of the suspects in the Trojan horse investigation but was not authorized to reveal his client's identity. "You cannot be surprised by this because this is the way of life for companies today."

The Chalabi files recovered by U.S. intelligence and law enforcement provided enough information for the FBI to begin a criminal investigation of a Baghdad-Jerusalem-Washington syndicate that is profiteering from America's misguided invasion and occupation of Iraq. The investigation led to shadowy Israeli-owned firms registered in Delaware and Panama that were fraudulently obtaining contracts and sub-contracts to provide everything from cellular phones and VIP security to the interrogation of Iraqi prisoners using seconded members of Israel's feared Unit 1391 "special techniques" interrogation center. Not only were these firms operating in Iraq with the concurrence of the neo-cons in the Pentagon but some U.S. government officials were personally benefiting from the contracts.


The Economic Espionage law authorizes the FBI to act against foreign intelligence gathering agencies toiling on US soil with the aim of garnering proprietary economic information. During the Congressional hearings that preceded the law, the FBI estimated that no less that 23 governments, including the Israeli, French, Japanese, German, British, Swiss, Swedish, and Russian, were busy doing exactly that. Louis Freeh, the former director of the FBI, put it succinctly: "Economic Espionage is the greatest threat to our national security since the Cold War."



Joining scandal-hit NETeller and Torex Retail, Israeli mobile software group Adamind became the latest firm on the junior market to stand accused of nefarious behaviour. The revelation last Monday that it was being investigated by the Financial Services Authority on suspicion of insider dealing caused some critics again to question the efficacy of Aim's regulatory system, which is often blamed for letting inferior companies loose on investors.

Quick: What do Hamas terrorists have in common with Martha Stewart? No, we're not talking about their public-approval ratings. Rather, both may have drawn unwanted scrutiny in part because of the same piece of software.

The data-mining algorithms of ClearForest, based in New York City, are at work within both Israeli security agencies and NASDAQ. Israel uses them to drill for hidden connections among suspected terrorists: say, a pattern of phone calls shortly before each of several suicide bombings. NASDAQ uses the same software to detect block trades of stock quietly placed just before the release of company news — including sales by relatives of ImClone's founder, Sam Waksal, who this fall pleaded guilty to insider-trading charges, and his friend Martha Stewart, who remains under investigation (and has denied any wrongdoing).

Both NASDAQ and Israel's security services are sprawling organizations, bombarded daily with terabytes of information, any bit of which may prevent a catastrophe, whether measured in lives or in retirement savings lost to fraud. And these days, data-mining software, combined with technologies that connect disparate computer systems and databases, is making it possible for everyone from police departments to clothing merchants to global manufacturers to search through ever expanding data warehouses and draw valuable connections that would otherwise be lost to human eyes.

Israeli Citizenship has been linked to U.S. trading scandals and accusations of money laundering against Michael Zwebner. Mr. Zwebner is a good pal of PM Ehud Olmert and the disgraced rapist; Israeli President Moshe Katsav


Dear Jerusalem Post,
In searching for any mention of a Michael Zwebner and his company's business dealings (Universal Communications Systems Inc.) in Israel I came across a series of articles by a person of that name writing on commodities or metals for the 'Jerusalem Post' as late as 1997.They then seem to have come to a halt,for whatever reason,as a search of his name on your internet sight will show.

I was most surprised that mention of his most recent project,an 'AirWater machine', supposedly to provide water for the Israeli military, did not appear in your reputable newspaper.Also no mention was made of a demonstration that supposedly took place at the 'AQUA Israel 2004' exhibition.Nor was there any mention of his company's meeting with Israeli President Moshe Katzov, who was quite flattering of Mr.Zwebner's product, according to a BUSINESS WIRE PR put out by Mr.Zwebner's company, located in Florida and incorporated in Nevada,I believe.

Another of Mr.Zwebner's BUSINESSWIRE press releases further claims the U.S.army in Iraq has made 'an order to supply and ship a number of AirWater machines to the Gulf for immediate delivery to the US Army/Coalition Forces.'Another article from Australia interviewing Mr.Zwebner claimed the order was completed and the AirWater machines of the company are now operating in Iraq.

There are some posting messages on www.ragingbull.com's 'ucsy',or Universal Communication System Inc., message board that are less than flattering.Some people believe the sole purpose of the press releases has been what is termed a 'pump and dump' of a penny stock. Further another website that is a host of consumer complaints hints that President Moshe Katzov actually received remuneration for helping Mr.Zwebner tout or promote this stock whose shares were then dumped on U.S. or other investors as it was touted in fraudulent prs by the company.

http://www.fundstreet.org/...
December 13, 2005

Cerberus-Gabriel hedge fund buys stake in Leumi Bank
Israel is on its way to privatization. The banking sector is amongst the first ones to take a step in this direction. Bank Leumi was in the market recently and attracted bids from several players. Bidder names include strategic investors like Lev Leviev, IDB and Bill Davidson and also financial contenders like UBS, Deutsche Bank and Citibank. However the winner was an American Hedge fund, Cerberus-Gabriel.

Cerberus-Gabriel has purchased 9.9% of the shares of the bank. The purchase of this stake was for approximately $500 million. The fund also has the option of buying an additional 10.01% in the bank. This will bring the total shares quantum to 20% and is roughly valued at $1 billion. This option of additional purchase has to be utilized with in the next one and a half years.

Ehud Olmert, Finance Minister of Israel, is reportedly quite satisfied with the outcome. He feels that this is a positive development and will help the over all Israeli economy. He is amongst the top promoters of privatization move. In his statement he also mentioned that the purchase will ensure healthy competition between the banks and will definitely contribute a lot to the local market.

Another person quite happy with the development is Yaron Zelekha, the treasury's accountant-general, who led the tender. He sees it as fulfillment of the promise made to the people of Israel about privatization of the entire banking system in 2005.

Isreali Citizenship is good for avoiding prosecution in the U.S. as well.

The fugitive former chief executive of leading voice-mail-software maker Comverse Technology (CMVT) has been captured in Africa after a two-month international manhunt, U.S. officials announced Wednesday.

Details of the arrest of Jacob "Kobi" Alexander in the Republic of Namibia were not immediately available. But in a statement, U.S. Attorney Roslynn Mauskopf credited local officials in the southwest African nation for assisting the FBI in the capture.

Mauskopf said she would seek Alexander's swift extradition to face charges in federal court in Brooklyn. A call to his defense attorney in New York was not immediately returned.

The manhunt began in late July shortly before authorities unsealed a criminal complaint accusing Alexander and two other former top executives of secretly manipulating stock options for personal profit.

Before he disappeared, Alexander, 54, an Israeli citizen and a permanent U.S. resident, allegedly transferred $57 million to Israel, fueling speculation he may have fled there.

Two other defendants, former finance chief David Kreinberg and former senior general counsel William Sorin, surrendered in August and were released on $1 million bond each.

The complaint unsealed in federal court accuses the three men of making stock options more lucrative by backdating their exercise price to a low point in the stock's value. Usually, a stock option's exercise price coincides with the market value at the time of a grant, to give the recipient an incentive to drive the price higher.

Today fighting corruption and scandal in Israel is the political fallout as a result of the failed Lebanese war last summer.

Zamir served on the Supreme Court from 1994 until 2001, during which he was on the panel that considered the Ganot case. Since his retirement (Supreme Court justices take mandatory retirement at the age of 70) he has spoken out with growing harshness against corruption in Israeli public life and in particular against political appointments in the civil service. In recent years he has been chairman of the Jerusalem Center for Ethics, and two months ago he submitted to the Knesset the report of a public committee he headed following an episode in which an MK cast a double vote in a Knesset motion. The committee recommended adding new rules of ethics and toughening the sanctions that the Knesset can impose on its members.

Zamir is convinced that if Israel does not take urgent steps, it is liable to deteriorate within a few years to the place now occupied by some countries in Africa and Latin America. "We have to shout and say, 'Listen, we are sick,'" he warns. "Corruption really is a kind of chronic disease, which can be terminal." He goes to his study and returns with surveys showing that the Israeli public believes that the government is corrupt. "If the public thinks, even mistakenly, that the entire government is corrupt, that is a self-fulfilling prophecy. It leads naturally, and almost necessarily, to the loss of trust in the regime. And then what can replace it: the strong, clean leader. We know from the world's experience that the strong leader, even if he is at first clean, quickly becomes very dirty." Zamir quotes with unconcealed emotion what "the country's No. 1 security person," former chief of staff Moshe Ya'alon, told Ari Shavit in an interview in Haaretz, that corruption is more dangerous than the Iranian threat. "I agree with that. The security threat - missiles from Lebanon and Syria, or an Iranian nuclear threat - is viewed as concrete. We understand it, and we know the damage it will do. So people can become fearful and demand action, and these issues occupy a very high place on the public agenda. When it comes to corruption, though - in part because it operates in the dark and you don?t see it - people are not sufficiently aware of the danger. The result is that there is great indifference among the public, which was given expression, for example, in the last Knesset elections. Like cancer, you don't see corruption at its inception, you don't feel it spreading; you feel it at a certain stage, when it breaks out, and then in very many cases, it's already too late."

And it's revealing that the corruption is just business as usual thanks to the politics of privatization conducted by Olmert. Chickens, home, roost.



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Anna Nicole Smith and Barbara Amiel

So what do Anna Nicole Smith and Barbara Amiel, Mrs. Lord Black, have in common?

Besides being notorious media self promoters? Black's wife blasts media as trial adjourned

The strain of Conrad Black's racketeering trial has taken its toll on the fallen newspaper mogul's wife, Barbara Amiel-Black, who unleashed a foul-mouthed tirade at the media yesterday in which she called a Canadian journalist a "slut". "As the doors closed, suddenly, out of nowhere, Barbara Amiel said -- in a very cut-glass, rather aggressive voice -- 'You slut!'," said British journalist Joanna Walters, who was in the elevator with some other journalists.

Both of them married wealthy older men.

There's a term for morbid sexual fascination with the elderly. It's called gerontophilia.

In Canada, it's also called Barbara Amielia.

One must admire the skills of a woman who is her own ruthless invention. Despite penning an article for Chatelaine magazine entitled "Why Women Marry Up,'' Amiel never needed to sleep-up, or wedlock well, to gain either social or professional altitude, although beguiling the right men did bring riches and opportunity. And maybe Amiel really did look upon the troll-like Lord Weidenfeld, her primary patron-swain in England whilst a single female, as a hottie. Women are weird that way, hormonally responsive to the potency of power, the way men get tumescent on porn.

What kind of person would want “love” from someone who wants them only for their money?

It would be a lot cheaper and productive to dump the “friend” and spend the money on a good therapist.

There is not a law against being stupid. When a 60-year-old lottery winner suddenly gets an 18-year-old lover, the lover is not with them for their looks.

Three has been too much media coverage of Anna Nicole. She did not earn her wealth or make the world a better place. Her big accomplishment was inheriting money.

See:

Ben Stein's Truth

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Obesity Is A National Problem

The new poster child for Canada's participaction program to reduce obesity.

Play is the best weapon in the fight against childhood obesity

To bad he didn't include anything in the new budget to help reduce his and other adult Canadians obesity problems.

Subsidies needed to combat growing obesity problem

Of Canadians aged 18 or older, 36.1 per cent are overweight and 23.1 per cent are obese, according to Statistic Canada’s 2004 Canadian Community Health Survey.

With rising obesity rates in mind, University of Alberta economics professor Dr Sean B Cash spoke of how fat taxes and thin subsidies could be used to encourage Canadians to make healthy choices at last weekend’s Philosophers’ Café, held at the Stanley A Milner Library.

Cash brought up the concept of energy densities, which is the amount of energy in a unit of food, such as calories per gram. Cash and some of his students, using Edmonton grocery stores, replicated a study on energy densities previously done in Seattle.

“As the energy-density goes up, the cost per unit of energy goes down,” Cash said.

Cash explained that this trend results in energy dense foods, like chips, cookies and plain white sugar, being a cheaper way to meet someone’s energy needs than healthier alternatives like fruits and vegetables.

The PM's paunch may not be a question of nature and nurture or even the fault of his food choices, maybe it's the result of chemical poisons in the Canadian environment.

Phthalates, a class of chemicals used in some plastic food packaging and soaps, have been implicated in higher belly fat in men.

Phthalates are used to make plastic flexible, and are found in plastic tubes, some children's toys, cosmetics, shampoos, soaps, lotions, lubricants, paint, pesticides, and other plastics.

The chemicals have been implicated in reproductive problems in men such as low sperm counts and low testosterone levels, and subtle changes in the reproductive organs of baby boys.

In a new study to be published in the journal Environmental Health Perspectives, Dr. Richard Stahlhut of the University of Rochester Medical Center and his team looked at the connection between phthalates and testosterone.

The researchers wanted to test the idea that phthalates may be linked to obesity, since low testosterone levels appear to cause abdominal obesity and
pre-diabetes in men.

Does our macho PM suffer from a low testosterone count? Only Mrs. PM can say for sure.

Of course it didn't seem to affect the testosterone levels of that other politician with a paunch; Bill Clinton.


H/T to janfromthebruce

See: Fat Boy Needs Election

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Tories Red Budget

Maybe it was all those Red Fridays that finally got to the Conservatives.

Cause according to their fans over at the Blogging Tories this budget was a Liberal one.

How is the Conservative budget playing with Conservatives?

As I said here.

Even their fan club in the mass media gave them thumbs down. Ottawa Sun Scoffs at the Budget

But you know the Conservatives have become the mushy middle when the Canadian Taxpayers Federation, those scions of the right who never saw a tax or spending cut they didn't like, heck Harpers right hand;Jason Kenney used to work for them, denounced the budget because it didn't do enough for the poor!!!! According to the interview with spokesperson John Williamson on CPAC last night.

"Not providing broad-based tax relief is a problem because it means that not all Canadians are enjoying the fiscal dividend that's coming from a rising surplus and savings on debt interest," said Williamson.

The corporate shill lobby denounces the Conservatives for forgetting low income Canadians. But what they really didn't like was this; Notably absent was a measure targeting the wealthier segment of the population, a reduction of taxes on capital gains.

Better to complain about the budget not helping the poor than whining about not getting your corporate tax cut.

"This is hard to distinguish from a Liberal government budget," the Canadian Taxpayers Federation's Mr. Williamson said. "It's the second-highest spending increase in dollar terms since the books were balanced in 1997-1998."

Yep Canada truly is a social democratic country when the Republicanadian right wing denounces their own government.

Irresponsible, unconservative
Don't say taxes high, then table socialist budget

And the Conservatives recognized that with their budget and all the blustering by Flaherty about representing Canadian values .Fiscal conservatism takes a holiday

Irresponsible, unconservative

Terence Corcoran, Financial Post

Published: Tuesday, March 20, 2007

The truck driver, the bank teller, the retiree. The salesperson, the farmer, fisherman. ... We cannot worry about what they say about us around the boardroom tables, but we must care what they talk about at the kitchen tables.

Prime Minister Stephen Harper, at a Conservative Party convention, Saturday, March 17, 2007

Ahh, the old populist ploy. The farmer versus the businessman, the kitchen table versus the boardroom table. The literal juxtaposition isn't as important as the symbolism. Nobody expects or wants a government that runs on corporate power, so why bother raising the subject? Simple: What Mr. Harper was appealing to is the age-old collectivist code, big business versus the people, the rich versus the poor and the struggling workers.

No other explanation for Mr. Harper's comments is plausible. It is also the explanation that does more to help us understand yesterday's budget, a massive, unconservative and fiscally irresponsible expansion of government.

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Bleeding Heart Tories

Gone are the nasty neo-liberals, the would be Republicanadians and their social conservative allies, that made up the Canadian Alliance and Harpers new Conservative Party.

Harper paints Tories as party of the middle

With this budget it is the return of Brian Mulroney and his Bleeding Heart Tories, as the Economist branded his government. It is as promised Harpers make over of his Conservative government into the Mulroney Government of yesteryear. Just as Mulroney advised him to do; Harper rallies troops with call to listen to middle-class voters

He has successfully taken the middle of the road, the mushy middle, much better than even the Liberals. In fact this budget is a classic Liberal budget, sans their usual big breaks for big business. In fact it has even resurrected some Liberal programs. Harper's un-conservative spending spree

Sure there are targeted corporate tax breaks aimed at sectors like Manufacturing and small business, but balancing that out is tax rulings eliminating investment off shoring and tax havens. Something the well connected Liberals would never do.

While this will not affect the average Canadian, it should see a reduction in classified ads in the Globe and Mail Business pages and Financial Post for all those tax havens offshore and tax avoidance schemes.

And the Conservatives have made White Collar Crime a priority, true at the bottom of their list of crime initiatives, but still it's the thought that counts.

As usual the devil is in the details. But the bottom line is this is a hold the line budget. The dogmatic need to purge all things Liberal, to cancel programs that their social conservative base has long rallied against (with the sole exception of the Firearms registry), this budget had no spending cuts. And it had little in the way of social program spending either.

It was a sop to all parties and interest groups. There was something in it for the Bloc, the Liberals and NDP. It may not be what they want, or enough, but for appearances sake the Conservatives can claim they listened.

Just as Flaherty praised lobbyists like the Canadian Federation of Independent Business, whose wish list for small business was put in the budget.

Income splitting for stay at home spouses is there, long a bugaboo of the social conservative lobby for middle class wives who can afford to stay home.

Heck they even are eliminating the tax breaks for investment in the Tar Sands, by 2015. However they replaced that with a tax credit for investment in green technology for the very same Tar Sands.

And they have solved the Fiscal Imbalance by giving the provinces their choice of payment programs. A shining example of the ideology of choices so enamored by the neo-cons.

Is it an election budget, sure. Is it a program for an election or even the basis of a platform? No. But it is a budget that allows the Conservatives to stay in power. They are betting on it being winner, that is if they go into an election they can use it, and if they don't it gives them time to plan for the election next year. And as it kicks in it placates the vast middle class in Canada they hope it will improve their poll numbers.

Key suburban voters big winners in budget

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Not His Peers

Former Canadian, remember he renounced his Canadian citizenship, Conrad Black, Lord Black of Crossharbour, will be judged in the United States by the working class. Which belies the old adage; of being judged by your peers.

• Video: Jury selection at the Black trial

Since he has a peerage, I guess they could have held court in the House of Lords. But then they would have acquitted him being good old boys and all.

The mask of invulnerability has begun to slip. For months, Conrad Black has scatterbombed his assailants with bombastic bravado and patronising put-downs. But as he arrived in Chicago to face a criminal trial which could consign him to dotage in jail, the scandal-hit media mogul looked tired, pale and faintly fearful.

The former Telegraph owner and friend of Lady Thatcher faces charges of racketeering, fraud, money laundering, tax evasion and obstruction of justice. With his bulky frame leaning on a courtroom table, he has spent two days listening to childcare niggles, health woes and financial hardships which jurors need settling in order to spend three months on a $40-a-day (£21) stipend sitting in judgment over him.

It is a window on to the life of ordinary folk which Black has never been near. He admits as such, complaining that his Rolls-Royce lifestyle of vintage wine, tuxedos and multiple homes is key to his downfall: "Since biblical times, and probably before, the wealthy have been envied and condemned."

But instead of throwing himself on the mercy of the Queen and her Lords, Lord Black high tailed back to the country he despises, that of his birth, the one he renounced his citizenship of.

And promptly hired crackerjack Canadian lawyer Eddie Greenspan to represent him in the United States. Which didn't go over well last week. Judge Is Not Amused by Conrad’s Black’s Lawyer

And there is further irony here, for the Black Lord is fan of that other famous racketeering Chicagoan; Al Capone

Jeffrey Cramer, the young prosecutor who is expected to deliver the government's opening argument today, even looks like Eliot Ness, who put Al Capone in jail for 11 years for tax evasion.

So perhaps to truly be judged by his peers Lord Black would not appear before his fellow British Lords but the Lords of Crime, like Capone, who like Black were busted on Rico charges.



Also See:

Conrad Black

Criminal Capitalism: Black Lord Dodges Tax Man

Criminal Capitalism: Black & Radler,Thick as Thieves

Criminal Capitalism: Lord Black Fugitive

Criminal Capitalism: Black gets his comeuppance

Criminal Capitalism: Hollinger's Black Eye

Criminal Capitalism: Black Out

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Wall Street Deja Vu

I draw my readers attention to this article from the business section of the Saturday Globe and Mail. If you are regular here you will know I have said this exact thing.

Disturbingly, bankers, investors and regulators have seen this movie before. The boom-bust scenario now playing out the market for subprimes – loans to the riskiest borrowers – is remarkably similar to other recent episodes when the basic principles of sound lending were ignored or forgotten, until it was too late. There was the technology bubble of the late 1990s, as well as the trust and savings-and-loan crises of the 1980s.

Then, as now, financial institutions dramatically reined in credit after getting burned on bad loans. Indeed, the flight of lenders from the tech bubble of the late 1990s drove many of them toward the perceived stability of consumer credit – including home equity loans and mortgages.

How the industry got in this mess, again, is a disturbing tale of lending excess.

The simple explanation for why HCL and other lenders made seemingly uneconomic loans is because they could. A thriving aftermarket quickly turns subprime mortgages into bonds, flipping the revenue stream to investors around the world. Most banks no longer keep the loans in-house, so they don't care if homeowners can't keep up with payments. Instead, they make money on lucrative fees and push the risk up the line to an investment dealer such as Merrill Lynch & Co. Inc. or Goldman Sachs Group Inc., which then passes it on to hedge fund and pension fund investors.

American finance, the much touted Wall Street Bull market is living in a consumer driven bubble. There is no real boom, just a growth in credit, loans and party mow pay later consumption. Later comes sooner than the market expects.

What is scary is that folks pensions are tied up in these get rich quick schemes like variable and sub-prime mortgages. Which they weren't when the Junk Bonds and later the Savings and Loans meltdowns occurred.

See

China Burps Greenspan Farts Dow Hiccups

Housing Bubble

Housing

Economy



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Fat Boy Needs Election

To lose weight.

Don't Let Them See You Sweat: Harper didn't look Healthy

Otherwise he gets portly in office, much like Henry VIII sans the wives.

Baby Fat

Of course since he shares his wife with John Baird he may just be trying to look like him.

During elections he loses weight, after all politics is the other sport of Kings.
















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Joseph Cherniak

The difference between them is the mustache.

Jason goes on another purge.To Cherniak: Blogger, banish thyself!

He suffers from political bulimia and the strong man syndrome; that need to purge, purge, purge.

Luckily it was only from his personal commercial Liberal blog roll.

No Progressive Bloggers were harmed. Since Audacious Ontology still is a member of the PB blog roll.

While Cherniak claims he purged AO for posting NDP material on their blog perhaps it was actually because they were critical of Israel. Nah Jason would never do that.

France acknowledges Palestinian unity; will canada, or continue to bow to the US and Israeli Lobby?

See:

Cherniak


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