நவாலித் தேவாலயப் படுகொலை

''செம்மொழிச் செம்மல்’’ கா.சிவத்தம்பி காலமானார்

இறுதி அரசியல் பணி.

முள்ளிவாய்க்கால் படுகொலைக்கு துணைபோன துரோகத்தை மூடி மறைக்க தமிழக முதல்வர் நடத்திய செம்மொழி மாநாட்டில் பேராசிரியர் சிவத்தம்பி

இலக்கியப்பணி

செய்தி: தமிழ்மொழிப் பேராசிரியர் திரு.கார்த்திகேசு சிவத்தம்பி கொழும்பு தெஹிவளையில் தனது இல்லத்தில் காலமானார். அன்னாரின் ஈமக்கிரிகைகள் கனத்தை மயானத்தில் நடைபெறும்.

ஏகபோக நிதியாதிக்கக் கும்பல்களை ஊட்டி வளர்க்கும் அமெரிக்க மத்திய வங்கி

Goldman Sachs Took Biggest Loan From Undisclosed 2008 Fed Crisis Program
By Bob Ivry and Bradley Keoun - Jul 6, 2011 9:50 AM GMT-1200

Goldman Sachs & Co., a unit of the most profitable bank in Wall Street history, took $15 billion from the U.S. Federal Reserve on Dec. 9, 2008, the biggest single loan from a lending program whose details have been secret until today.

The program, which peaked at $80 billion in loans outstanding, was known as the Fed’s single-tranche open-market operations, or ST OMO. It made 28-day loans to units of 19 banks between March 7, 2008, and Dec. 30, 2008. Bloomberg reported on ST OMO in May, after the Fed released incomplete records on the program. In response to a subsequent Freedom of Information Act request for details, the central bank disclosed borrower names, amounts borrowed and interest rates.

ST OMO is the last known Fed crisis lending program to have its details made public. The central bank resisted previous FOIA requests on emergency lending for more than two years, disclosing details in March of its oldest loan facility, the discount window, only after the U.S. Supreme Court ruled it had to. When Congress mandated the December 2010 release of data on special initiatives the Fed created in its unprecedented $3.5 trillion response to the 2007-2009 collapse in credit markets, ST OMO -- an expansion of a longstanding program -- wasn’t included.

“The Fed has come a long way over a long period of time as far as transparency,” said Raymond W. Stone, managing director and economist with Stone & McCarthy

Research Associates in Princeton, New Jersey. “They thought counterparties might be harmed, but now so much time has passed that the information is not as sensitive anymore.”

Primary Dealers
The 19 borrowers from the program are known as primary dealers, which are designated to trade government securities directly with Federal Reserve Bank of New York. They bid at auctions for ST OMO’s cash. While the rates they paid generally tracked the federal funds rate, the rate for some dipped as low as 0.01 percent in December 2008.

The New York Fed conducted 44 ST OMO auctions, according to its website. Banks bid the interest rate they were willing to pay for the loans and pledged mortgage-backed securities guaranteed by government-sponsored enterprises such as Fannie Mae or Freddie Mac as collateral for the Fed’s cash. The transactions were known as repurchase agreements, or repos.

Longstanding Program
ST OMO was an expansion of longstanding open-market operations, which offered cash for up to two weeks and were used as a tool of monetary policy. In March 2008, the Fed adapted the program to alleviate pressures in short-term credit markets, according to a news release the central bank issued at the time.

The program shouldn’t be grouped with the Fed’s other crisis lending initiatives because it was “not outside of the Fed’s standard authorities,” David E. Altig, senior vice president and director of research at the Federal Reserve Bank of Atlanta, said in his blog in May.

The New York Fed posted aggregate data about the program on its website after each auction, said Jeffrey Smith, a New York Fed spokesman. By increasing the availability of short-term financing when private lenders were under pressure, “this program helped alleviate strains in financial markets and support the flow of credit to U.S. households and businesses,” he said. All of the ST OMO loans were repaid.

Some primary dealers used the program to help customers, such as hedge funds, finance their holdings of mortgage-backed securities, Stone said.

MBS Market
“The Fed didn’t want to just finance the primary dealers, they wanted the mortgage-backed securities market to become more fluid,” Stone said.

Credit Suisse Securities USA LLC, a unit of Switzerland’s second-biggest bank, had $45 billion in loans outstanding on Aug. 27, 2008 -- the largest peak borrowing amount, the data show.

“Credit Suisse was a net creditor throughout the crisis and made between $30 and $70 billion of liquidity available to central banks each day,” said Victoria Harmon, a spokeswoman for the bank in New York.

Six of the program’s top seven borrowers were units of foreign banks, the data show.

Goldman Sachs’s peak outstanding loans were the second- highest at $34.5 billion on Dec. 31, 2008, when interest rates were at their lowest, according to the data.

Michael DuVally, a spokesman for New York-based Goldman Sachs Group Inc. (GS), the parent company of the primary dealer, declined to comment.

Lehman Brothers
Lehman Brothers Inc. had two loans totaling $2 billion outstanding when its parent investment bank filed the biggest bankruptcy in U.S. history on Sept. 15, 2008, the data show. Those loans were repaid on Sept. 18, 2008, under a separate agreement, the Fed’s release said. Lehman’s peak borrowings from ST OMO reached $18 billion on June 25, 2008, according to the data.

Kimberly Macleod, a Lehman spokeswoman, didn’t immediately respond to an e-mail seeking comment.

RBS Securities Inc., a unit of Britain’s second-biggest bank by market capitalization, had $31.5 billion in loans outstanding on Oct. 8, 2008, and UBS Securities LLC, part of Switzerland’s biggest bank, borrowed as much as $20.5 billion on Nov. 26, 2008, the Fed said.

Among the smallest loans was one to Bear Stearns & Co., the primary-dealer unit of Bear Stearns Cos. The primary dealer took one loan from ST OMO for $500 million, on March 12, 2008, according to the release. JPMorgan Chase & Co. (JPM) bought the New York-based investment bank four days later. The loan was repaid on April 9, 2008, the data show.
=====================
The information on ST OMO is available on the central bank’s Web site: http://www.federalreserve.gov/monetarypolicy/bst_tranche.htm


To contact the reporters on this story: Bob Ivry in New York at bivry@bloomberg.net; Bradley Keoun in New York at bkeoun@bloomberg.net;


To contact the editors responsible for this story: Gary Putka at gputka@bloomberg.net; David Scheer at dscheer@bloomberg.net;

Video: UPS AND DOWNS OF THE CPC BEFORE 1949 CCTV News - CNTV English

Video: UPS AND DOWNS OF THE CPC BEFORE 1949 CCTV News - CNTV English

Video: UPS AND DOWNS OF THE CPC BEFORE 1949 CCTV News - CNTV English

Video: UPS AND DOWNS OF THE CPC BEFORE 1949 CCTV News - CNTV English

NATO operation in Libya is “piracy on an international scale”

Sri Lanka's Killing Fields

Sri Lanka's Killing Fields

11.06PM Tuesday     14 Jun 2011  Channel 4

Jon Snow presents a forensic investigation into the final weeks of the quarter-century-long civil war between the government of Sri Lanka and the secessionist rebels, the Tamil Tigers. More Series 1 Episode 1 Sri Lanka's Killing Fields

With disturbing and distressing descriptions and film of executions, atrocities and the shelling of civilians

To explore the issues further go to the website at channel4.com/srilanka

Two beheaded as Afghan protesters storm UN compound

Two beheaded as Afghan protesters storm UN compound

ஆப்கானில் ஒபாமாவின் ’கொலைக்குழுக் கோரங்கள்’ அம்பலம்

The Kill Team

How U.S. soldiers in Afghanistan murdered innocent civilians and mutilated their corpses – and how their officers failed to stop them. Plus: An exclusive look at the war crime photos censored by the Pentagon

( Pic: Cpl. Jeremy Morlock with Staff Sgt. David Bram)


During the first five months of last year, a platoon of U.S. soldiers in Afghanistan went on a shooting spree, killing at least four unarmed civilians and mutilating several of the corpses. The “kill team” – members of the 5th Stryker Brigade stationed near Kandahar – took scores of photos chronicling their kills and their time in Afghanistan. Even before the war crimes became public, the Pentagon went to extraordinary measures to suppress the photos, launching a massive effort to find every file and pull the pictures out of circulation before they could touch off a scandal on the scale of Abu Ghraib.



The images – more than 150 of which have been obtained by Rolling Stone – portray a front-line culture among U.S. troops in which killing innocent civilians is seen as a cause for celebration. “Most people within the unit disliked the Afghan people,” one of the soldiers told Army investigators. “Everyone would say they’re savages.”


Many of the photos depict explicit images of violent deaths that have yet to be identified by the Pentagon. Among the soldiers, the collection was treated like a war memento. It was passed from man to man on thumb drives and hard drives, the gruesome images of corpses and war atrocities filed alongside clips of TV shows, UFC fights and films such as Iron Man 2. One soldier kept a complete set, which he made available to anyone who asked.

Warning
The following link (photos) contains EXTREMELY GRAPHIC AND DISTURBING IMAGES of violent deaths.
Viewer discreation is advised
http://www.rollingstone.com/politics/news/the-kill-team-20110327

Musa Kusa in UK

Musa Kusa: Why UK gave sanctuary to this 'Gadafi's State' murderer?

Why did we give this murderer sanctuary?
* He's up to his neck in Lockerbie,
*WPC Fletcher's death and arming the IRA.
*Yet ministers hail Libyan's defection as a coup

By Tim Shipman, James Slack, David Williams and Jack Doyle
Last updated at 11:34 PM on 31st March 2011

> Musa Kusa, 'brains behind Lockerbie bombing', defects after MI6 pressure


> David Cameron accused of handing Kusa 'get out of jail free' card


>Government hail defection as 'serious blow' to Gaddafi regime


>Lockerbie relative hails a 'great day' in search for truth of atrocity


>Gaddafi's forces advance in civilian 'battle wagons' to avoid air strikes


>NATO rules out arming rebels as it takes command of bombing operation


>Battle outside the city of Brega as 40 civilians reported killed in Tripoli raid

Defection: Former Libyan minister Musa Kusa arrived in Britain on Wednesday and taxpayers will have to pay for his protection

David Cameron is facing furious demands to put Gaddafi’s ‘envoy of death’ on trial after his defection to Britain.

The Prime Minister was last night accused of handing Musa Kusa – who masterminded the Lockerbie bombing and numerous other atrocities – a ‘get out of jail free card’.

It is estimated that housing and guarding the former Libyan foreign minister will cost taxpayers here more than £1million a year.

But Mr Cameron hailed the defection of Kusa as a ‘serious blow’ to the ‘crumbling and rotten Gaddafi regime’.

Last night sources said two more senior Gaddafi figures are in Tunis discussing deals with British and French intelligence officers, while at least eight others have defected to Tunisia.

In all, 12 former henchmen could be ready to defect to Britain. But as MI6 and the Foreign Office welcomed Kusa, critics said he should face justice like Rudolf Hess, Hitler’s deputy who fled to Britain in 1941.

Scottish prosecutors demanded to question the defector about the bombing of Pan Am Flight 103 in 1988.

Detectives from Scotland Yard are also set to talk to him about the murder of WPC Yvonne Fletcher by a Libyan gunman in 1984.

Families of those killed in Lockerbie, Britain’s worst terror atrocity, branded the UK a ‘soft touch’ – especially after the release of the Lockerbie bomber Abdelbaset Al Megrahi in 2009.

There is also anger from MPs about Kusa’s support for the IRA during the height of its mainland bombing campaign. Libya supplied Semtex to the Provisionals in the 1970s and 80s.

Yesterday MPs said taxpayers should not have to foot the bill to protect Kusa from assassination.

Read more: http://www.dailymail.co.uk/news/article-1371714/Libyan-foreign-minister-Musa-Kusa-defects-UK-Gaddafi-regime-blow.html#ixzz1IDmjFVMO