13.Aug.2007 Subprime: The Ugly American Hits Europe : French bank BNP suspends subprime-linked funds. Europe's central bank responds; stocks tumble

13.Aug.2007 The “Plunge Protection Team” (PPT) Working Overtime to Save US Stock Market : The PPT cannot afford to sit back and watch both the US housing market + the stock market sinking at the same time.

That might spell the dreaded “R” word, - Recession.

13.Aug.2007 Prevent torture equipment sales at arms fairs, say MPs : Arms fairs should be patrolled by customs officers to stop the sale of instruments of torture and other equipment banned in Britain, a cross-party committee of MPs say in a report today

13.Aug.2007 The inside story of British death squads in Northern Ireland : Simon Basketter reveals how a campaign to terrorise Catholics was orchestrated by military intelligence

13.Aug.2007 Cheney urging strikes on Iran : At a news conference Thursday, Bush said Iran had been warned of unspecified consequences if it continued its alleged support for anti-American forces in Iraq. U.S. Ambassador to Iraq Ryan Crocker had conveyed the warning in meetings with his Iranian counterpart in Baghdad, the president said.

13.Aug.2007 Unknown terror: What is DU? : Video The president of the USA , the prime minister of the United Kingdom + the prime minister of Israel must acknowledge and accept responsibility for the willfu: l use of uranium munitions—their own "dirty bombs"—resulting in adverse health and environmental effects. It also leaves behind a fine radioactive dust with a half-life of 4.5 billion years

13.Aug.2007 Polls find increased support for Iraq war : The results from a poll conducted last month by the New York Times so surprised top editors that they ordered a new survey, but the results were the same the second time around: More Americans now think that President Bush was right to send troops into Iraq.

13.Aug.2007 Need help with a down payment? Ask the Army: Need a down payment for your home? Seed money to start a business? The Army wants to help — if you’re willing to join up. Despite spending nearly $1 billion last year on recruiting bonuses and ads, Army leaders say an even bolder approach is needed to fill wartime ranks.

13.Aug.2007 How the Democrats Blew It in Only 8 Months - By - Alexander Cockburn

The voters put the Democrats in to end the war + it's escalating.

The Democrats voted the money for the surge + the money for the next $459.6 billion military budget.

Their latest achievement was to provide enough votes in support of Bush to legalize warrantless wiretapping for "foreign suspects whose communications pass through the USA ."

Enough Democrats joined Republicans to make this a 227-183 victory for Bush . Continue

13.Aug.2007 Fighting the Democrats’ Complicity with Bush - By - Francis A. Boyle

The Democrats in Congress have taken no effective steps to stop, impede, or thwart the Bush Jr. administration’s wars of aggression against Iraq, Afghanistan, Somalia, or anywhere else, including their long-standing threatened war against Iran. To the contrary, the new Democrat-controlled Congress decisively facilitated these serial Nuremberg crimes against peace on

24.May 2007 by enacting a $95 billion supplemental appropriation to fund war operations through 30.Sep.2007. Continue

13.Aug.2007 China’s “nuclear option” is real - By - Paul Craig Roberts

Twenty-four hours after I reported China’s announcement that China, not the Federal Reserve, controls US interest rates by its decision to purchase, hold, or dump US Treasury bonds, the news of the announcement appeared in sanitized and unthreatening form in a few US news sources. Continue

13.Aug.2007 The Grim Reaper Pays a Visit to Wall Street - By - Mike Whitney

Alan Greenspan’s low-interest, subprime, snake-oil Caravan took another spin down Wall Street today---ripping up pavement, knocking down power-poles and sending traders scampering for safety.

When the dust finally settled, “Maestro’s” wrecking ball had lopped another 387 points off the Dow Jones leaving markets reeling and investors cringing in fear. Continue

13.Aug.2007 Fighting for the Right to Learn in New Orleans - By - Bill Quigley

There is a massive experiment being performed on thousands of primarily African American children in New Orleans. No one asked the permission of the children. No one asked permission of their parents.

This experiment involves a fight for the education of children. Continue

13.Aug.2007 US sparks worldwide panic : THE market's biggest one-day fall in almost six years knocked almost $53 billion off the value of Australia's top 200 companies.

13.Aug.2007 Fed Injects $19 Billion More in Liquidity, Fed Funds Rate Falls : The U.S. Federal Reserve Friday provided the largest amount of liquidity for a single market operation in four years, adding ample funds for the second day running as markets fretted over credit conditions.

13.Aug.2007 Bank of Japan injects one trillion yen into money markets : The injection followed the European Central Bank's move Thursday to pump a record 94.8 billion euros (130.2 billion dollars) into the eurozone banking market as lenders struggled for funds in a flight to safety from the growing defaults in the US home loans market.

13.Aug.2007 William Blum: Separation of oil and state : Read this or George W. Bush will be president the rest of your life

13.Aug.2007 Court Says Travelers Can't Avoid Airport Searches : U.S. airline passengers near the security checkpoint can be searched any time and no longer can refuse consent by leaving the airport, the nation's largest federal appeals court ruled Friday.

13.Aug.2007 UK: Police to use terror laws on Heathrow climate protester s: Armed police will use anti-terrorism powers to "deal robustly" with climate change protesters at Heathrow next week, as confrontations threaten to bring major delays to the already overstretched airport.

13.Aug.2007 Partitioning India over lunch : "The viceroy, Mountbatten, must take the blame - though not the sole blame - for the massacres in the Punjab in which between 500,000 to a million men, women and children perished," he writes.

13.Aug.2007 US worried about nukes post-Musharraf: Key questions include the identity of those who would gain control of Pakistan’s nuclear arsenal in post-Musharraf Pakistan.

13.Aug.2007 Bhutto, Sharif must not return: Musharraf : Opposition leaders Benazir Bhutto and Nawaz Sharif should not return to Pakistan before the general elections or else the country would witness political turmoil that it could ill-afford at this time, President Pervez Musharraf told Pakistan newspaper owners on Saturday.

13.Aug.2007 Pak govt opens cases against Sharif: report: The Pakistan government has decided to reopen corruption cases against former prime minister Nawaz Sharif close on the heels of the Supreme Court taking up his petition seeking an end to his exile.

13.Aug.2007 Bush , Sarkozy promote ties over burgers, hot dogs: Sarkozy, wearing blue jeans in keeping with the casual nature of the meeting, also stressed good relations. "Do we agree on everything? No," he said. "Even within families there are disagreements, but we are still the same family."

13.Aug.2007 Chevron joins French firm to pursue oil field in Iraq : The San Ramon oil giant and France's Total SA have agreed to jointly develop one of the war-torn nation's largest oil fields, if the Iraqi government allows them, according to a report published Wednesday.

13.Aug.2007 BAE profits soar on Iraq conflict : The UK's largest defence firm, BAE made a pre-tax profit of £657m ($1.4bn), compared with £378m a year earlier

13.Aug.2007 Bush -War-Adviser.php"> Bush 's war adviser says military draft is worth considering : Frequent tours for U.S. forces in Iraq and Afghanistan have stressed the all-volunteer force and made it worth considering a return to a military draft, President George W. Bush 's new war adviser said Friday.

13.Aug.2007 Myths of Mideast Arms Sales - By - William D. Hartung

The Bush administration’s proposal to send $20 billion worth of arms and $43 billion in military aid to U.S. allies in the Middle East has been promoted by repeating a series of time-worn myths that should have long since been abandoned. With a shooting war in Iraq and a war of words with Iran well under way, the last thing the region needs is a new influx of high tech weaponry. Continue

13.Aug.2007 No End in Sight - By - Roger Ebert

Remember the scene in "A Clockwork Orange" where Alex has his eyes clamped open and is forced to watch a movie? I imagine a similar experience for the architects of our catastrophe in Iraq. I would like them to see "No End in Sight," the story of how we were led into that war + more than 3,000 American lives and hundreds of thousands of other lives were destroyed. Continue

13.Aug.2007 Stock Market Brushfire; Will There Be a Run On The Banks? - By - Mike Whitney

The contamination from the massive real estate bubble has now infected nearly every area of the broader market.

The swindle which began at the Federal Reserve--with cheap, low interest credit---has spread through the entire system and is threatening to wreak financial havoc across the planet.

The Fed’s multi-billion dollar bailout will do nothing to contain the brushfire they started or avert the catastrophe that lies just ahead. Continue

13.Aug.2007 Is Mitt Romney "Brainwashing" Us? -- A BuzzFlash Editorial

Vanity Fair: Giuliani's Princess Bride

13.Aug.2007 Less Safe, Less Free: Why America Is Losing the War on Terror (Hardcover)

Wear it Proudly: I am "Proud to be an American Against the War"

13.Aug.2007 Video Surfaces of Cheney ,

00.000.19 94, Warning That An Invasion of Iraq Would Lead to 'Quagmire'

Make News Happen at BuzzFlash.net

13.Aug.2007 "Gen. Pervez Musharraf, the president of Pakistan, made a rare admission today that support for militants emanating from Pakistan has caused problems for Afghanistan + that his country should work to secure peace on its side of their mutual border." 8/13

"Military opens door to more dropouts."

Opportunity knocks, we guess. But what about the five Romney boys + the Bush twins. Shouldn't they get their chance to fight for a war their parents support with such ardor? 8/13

13.Aug.2007 Bush Thinks He is Creating Armageddon for His Christo-Rapture Followers: How firearms intended for Iraqi security forces are winding up in the hands of extremists across the region.

The national security of America is increasingly threatened everyday Bush is in office. 8/13

So Many GOP Hypocrites, So Little Time. But Each Week BuzzFlash Selects Just One for Special Republican Hypocrite of the Week Honors!

13.Aug.2007 Siemens- Affäre: Ermittler entdecken dubiose Zahlungen von über einer Milliarde Euro

13.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499525,00.html

Ob die Krise am US-Hypotheken + Immobilienmarkt allerdings nur eine notwendige Korrektur oder aber der Auftakt für eine viel tiefergehende Finanzmarkt + -Wirtschaftskrise ist -

darüber streiten sich die Finanzmarktexperten.

Die einen verweisen darauf, dass in den USA noch fast zehn Billionen Dollar Hypothekenkredite ausstehen, davon rund ein Drittel mit schlechter oder zumindest nicht primärer Bonität.

Die "Wirtschaftswoche" zitiert den Aachener Private-Equity-Experten Ralf Fix mit den Worten, für viele Anleger habe sich "ein Tor zur Hölle" geöffnet.

Was dahinter hervorkomme, wisse niemand wirklich.

Auch auf China richten sich die Blicke inzwischen:

Dort leistet sich sei die rapide wachsende Mittelklasse in großem Stil neue Wohnungen - und die Kreditvergabe sei noch laxer als in den USA.

Die chinesischen Banken, die Hypothekenkredite über umgerechnet 289 Milliarden Euro gewährt hätten, nähmen keine Bonitätsprüfungen vor,

zitierte die Zeitung "South China Morning Post" den Wissenschaftler Yi Xianrong von der chinesischen Akademie der Sozialwissenschaften.

Die Behörden befürchten vor allem in großen Städten wie Shanghai ungezügelte Spekulationen und eine starke Übertreibung bei den Preisen und versuchen daher, den Markt zu zügeln.

13.Aug.2007 US- Kreditkrise: Angst vor dem schwarzen Montag (Wirtschaft)

13.Aug.2007 http:// 911 proof.com/6.html

NEXT: But no high-level officials question the official story, right?

2004 1023 KLEIBACKER, KRISANN KLEIMAN, DAVID KLEIN AND META KLEIN, DALE KLEIN, EMILIE KLEIN ... thomas.loc.gov/j107/j107KETCHAM.html ... alfatomega.com / 2004 1023.html

12.Aug.2007 Michael S. Kreidler Krisann Kleibacker C Lee. kklee@faegre.com, dybarra@faegre.com ... Catholic Media Connections - Homepage News March 2nd, 2007 by Michael Kreidler. ...

attorneys.clickrussia.com/Minnesota/Minneapolis/Michael-S-Kreidler.html

220403antiwarblogg And we should forever forget that old phrase -- 'My country, right or wrong, ...

Serial Killers [1] on the Loose by John Leonard I. Putschist Bush , ... alfatomega.com /220403antiwarblogg.html

12.Aug.2007 Während die Mehrheit der Menschen lieber Frieden kaufen würde, kauft Bush gerade Krieg.

Es mag vielleicht utopisch klingen, aber nach kurzem Nachdenken wird ... www.moneyforpeace.org/chainmail.php?lang=en

12.Aug.2007 3 seconds of a facial expression

George Bush besucht gerade eine Grundschule in Florida, als ihm plötzlich sein Büroleiter zuflüstert:

"Ein zweites Flugzeug ist ins World Trade Center ... www.medienanalyse-international.de/3seconds.html

12.Aug.2007 Time Magazine hat George W. Bush gerade zur "Persönlichkeit des Jahres 2004 " gekürt;

der Präsident habe es geschafft, "die Realität so zu deuten, ... http://www.uni-kassel.de/fb5/frieden/regionen/USA/lebenslang.html

Rede von US-Präsident Bush vor den Wahlen im Irak,...

"Und das mache ich gerade", erklärte Bush . "Historischer Moment"

15.Dez. 2005 - Die Parlamentswahlen am- bezeichnete Bush als einen historischen Moment. ...

12.Aug.2007 Todesschwadrone im Irak: Sunnitenführer fleht um Hilfe arabischer Staaten

12.Aug.2007 Kriminalität: Berliner Koalition will Befugnisse der Polizei ausweiten

2005 1218

Dec. 2005 Bush Silent On Spy Allegations : WASHINGTON President Bush refused to say ...

Dec. 2005 The Last Legitimately Elected President, Bill Clinton, ... alfatomega.com / 2005 1218.html

2005 0803 I was in agony' :

00.Jul. 2001 Benyam Mohammed travelled from London to Afghanistan.

Aug. 2005 Tod von König Fahd: Ölpreis erreicht neues Rekordhoch ... alfatomega.com / 2005 0803.html

12.Aug.2007 http://www.privacy.org/pi/reports/big_bro/directory.html

PRIVACY INTERNATIONAL

BIG BROTHER INCORPORATED

00.Nov.1995 London -A Report on the International Trade in Surveillance Technology and its Links to the Arms Industry.

DIRECTORY OF COMPANIES APPEARING IN THIS REPORT

12.Aug.2007 http://www.spiegel.de/wissenschaft/natur/0,1518,druck-497478,00.html

Dies ist eine gekürzte Fassung des Originalartikels, den Sie in der aktuellen Ausgabe von "National Geographic" lesen können.

12.Aug.2007 http://www.spiegel.de/wissenschaft/natur/0,1518,druck-497478,00.html

Massen sind nur klug, wenn ihre einzelnen Mitglieder verantwortungsbewusst handeln und eigene Entscheidungen treffen.

Eine Gruppe ist nicht schlau, wenn die Einzelnen einander nachahmen oder warten, bis ihnen jemand sagt, was sie zu tun haben.

Eine intelligente Gruppe - ob aus Ameisen oder Anwälten - ist darauf angewiesen, dass jedes Mitglied seine eigene Rolle spielt.

12.Aug.2007 http://www.spiegel.de/wissenschaft/natur/0,1518,druck-497478,00.html

"Heute denkt eine große Zahl von Menschen gemeinsam nach + das auf eine Weise, die wir noch vor wenigen Jahrzehnten für unmöglich gehalten hätten",

sagt Thomas Malone vom kürzlich gegründeten Zentrum für Kollektive Intelligenz in Massachussetts.

"Kein Einzelner kann alles wissen, was wir brauchen, um die Probleme unserer Gesellschaft zu lösen - vom Gesundheitswesen bis zum Klimawandel. Gemeinsam wissen wir viel mehr."

12.Aug.2007 http://www.spiegel.de/wissenschaft/natur/0,1518,druck-497478,00.html

Dazu müssen alle unabhängig denken und mit einem neutralen Mechanismus - Abstimmung, Versteigerung oder Durchschnittsbildung - zu einer Entscheidung gelangen.

12.Aug.2007 http://www.spiegel.de/wissenschaft/natur/0,1518,druck-497478,00.html

Tatsächlich profitiert fast jede Gruppe davon, wenn sie solche Regeln befolgt. Das jedenfalls meint James Surowiecki, Autor des Buchs "Die Weisheit der Vielen - warum Gruppen klüger sind als Einzelne".

Ein Thema, das große Firmen zunehmend für Managementseminare entdecken.

Schon vor zwei Jahren waren etwa die "Hamburger Trendtage" dem Thema Schwarmintelligenz gewidmet.

Dabei wurden die Teilnehmer mit Aufgaben konfrontiert, die der Einzelne nicht überblickte, die die Gruppe als Gesamtheit aber löste.

12.Aug.2007 http://www.spiegel.de/wissenschaft/natur/0,1518,druck-497478,00.html

Keines der Tiere begreift das Ganze + doch tragen alle zum Erfolg der Gruppe bei.

Wie das funktioniert, darüber hat die Wissenschaft faszinierende Erkenntnisse gewonnen - und beginnt nun, mit ähnlichen Strategien Problemlösungen für die menschliche Gesellschaft zu entwickeln.

12.Aug.2007 http://www.spiegel.de/wissenschaft/natur/0,1518,druck-497478,00.html

Als Individuen sind Ameisen hilflos, aber als Kolonie reagieren sie schnell und effizient auf ihre Umwelt.

Die Fähigkeit dazu nennt man kollektive Intelligenz oder Schwarmintelligenz.

12.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499490,00.html

Über die weitere Entwicklung sind sich Marktbeobachter uneins.

Die einen verweisen darauf, dass in den USA noch fast zehn Billionen Dollar Hypothekenkredite ausstehen, davon rund ein Drittel mit schlechter oder zumindest nicht primärer Bonität.

Die "Wirtschaftswoche" zitiert unter anderen den Aachener Private-Equity-Experten Ralf Fix mit den Worten, für viele Anleger habe sich "ein Tor zur Hölle" geöffnet.

Was dahinter hervorkomme, wisse niemand wirklich.

Mehrere Experten in Deutschland äußerten sich dagegen optimistisch.

So sagte der Wirtschaftsweise Bert Rürup, er sehe noch keine gravierenden Auswirkungen auf die robuste Konjunktur in Deutschland.

"Die Krise wird auf die Finanzmärkte beschränkt bleiben, zumal sich die EZB außerordentlich klug verhält und den Markt ausreichend mit Liquidität versorgt", sagte Rürup der "Berliner Zeitung".

12.Aug.2007 Sweatshops in Asien: Kate- Moss- Kollektion von ausgebeuteten Arbeitern produziert (Panorama)

12.Aug.2007 US- Wahlkampf: Fänger im Mais

12.Aug.2007 Afghanistan- Einsatz: Trittin fordert Ende des Tornado- Einsatzes

12.Aug.2007 Trinidad: In der Karibik wächst ein Matschvulkan

12.Aug.2007 Farbenlehre: Wohin rückt die Republik?

12.Aug.2007 US- Kreditkrise: Weitere Hypothekenbank pleite - Deutsche Bank ist Gläubiger

12.Aug.2007 Schwarm- Intelligenz: Weisheit der Winzlinge

12.Aug.2007 Pakistan: Musharraf will Oppositionsführer nicht ins Land lassen

12.Aug.2007 Computerpanne am Flughafen: Tausende Reisende saßen in Los Angeles fest

12.Aug.2007 Während Weltraum- Spaziergang: Computercrash an Bord der ISS

12.Aug.2007 Stasi- Spezialeinheit: Historiker fordert Ermittlungen wegen DDR- Schießbefehl

2005 1218

Dec. 2005 Jury Indicts Siegelman, Scrushy : A federal grand jury on Monday indicted ...

Dec. 2005 MI6 + CIA 'sent student to Morocco to be tortured' ... alfatomega.com / 2005 1218.html

12.Aug.2007 http://www.spiegel.de/spiegelspecial/0,1518,druck-498436,00.html

0 3.Mai 1967 schloss der Berliner SDS die "Kommune 1" wegen "falscher Unmittelbarkeit", "Realitätsflucht" und chronischer Selbstüberschätzung aus seinem Landesverband aus.

12.Aug.2007 http://www.spiegel.de/spiegelspecial/0,1518,druck-498436,00.html

01.Jan.1967 - pünktlich am- Die Urmutter aller neuen Lebenskollektive war die "Kommune 1", die in Berlin das Licht der Welt erblickte.

Fritz Teufel, Dieter Kunzelmann und Rainer Langhans waren ihre prominentesten Protagonisten, die schöne Uschi Obermaier ihr bis heute unvergessenes Maskottchen.

"Unser Ziel ist das Setzen der Kommune. Setzen der Kommune ist die Voraussetzung von Praxis", hatte der SDS-Theoretiker Bernd Rabehl in zeittypischer Diktion formuliert.

00.Feb.1967 Bei der amerikanischen Nachrichtenagentur UPI klang es zur Gründung der "Kommune 2" verständlicher:

"Der Berliner Landesverband des linksgerichteten Sozialistischen Deutschen Studentenbundes (SDS) will demnächst

auf freiwilliger Grundlage versuchen, das alte Ideal menschlichen Zusammenlebens, die Kommunen, zu neuem Leben zu erwecken."

12.Aug.2007 When Will America Awaken from "The Bush Ultimatum"? -- A BuzzFlash Editorial

12.Aug.2007 U.S. Pays Millions In Cost Overruns For Security in Iraq. Those are Our Tax Dollars That You are Wasting, Bush !

Frank Rich: Shuffling Off to Crawford, 2007 Edition

There are now nearly as many private contractors in Iraq as there are U.S. soldiers ? and a large percentage of them are private security guards equipped with automatic weapons, body armor, helicopters and bullet-proof trucks. And as the country has plummeted toward anarchy and civil war, this private army has been accused of indiscriminately firing at American and Iraqi troops + of shooting to death an unknown number of Iraqi citizens who got too close to their heavily armed convoys.

12.Aug.2007 How a ?Good War? in Afghanistan Went Bad 8/12

"Exhaustion and combat stress are besieging US troops in Iraq as they battle with a new type of warfare. Some even rely on Red Bull to get through the day. As desertions and absences increase, the military is struggling to cope with the crisis." 8/12

How the Democratic Leadership in Congress got Suckered by a Bush evik "Reichstag Fire" Argument to Pass an Overbearing Executive Branch Spying Bill 8/12

Pygmy GOP Candidates Grasp for a Straw in Iowa: It's Romney, Huckabee as One and Two in the Iowa "only a fool would be a Republican" Straw Poll 8/12

12.Aug.2007 Venezuelan President Hugo Chavez pledged on Saturday to meet Caribbean nations' oil needs for years to come + urged the region to unite and seek greater independence from the USA . 8/12

American soldier marries Iraqi woman. She comes to U.S. He is deployed again to Iraq and is killed. 8/12

12.Aug.2007 USA/Europa/Spanien/Gladio: Al-Qaida, ETA - Gladio?

... der P2-Loge Licio Gelli und seine rechte Hand, der CIA -Agent Francesco Pazienza.

... enge Kontakte zur katholischen Kirche, insbesondere zum Malteser - ... frieden.kommunikationssystem.de/news/Frieden/USA-Europa-Spanien-Gladio:-Al-Qaida,-ETA-Gladio%3F-12137.html

2005 0202 With help from Lucio Gelli, who founded the P2 P-2 Italian Freemason Lodge, ... der Welt ermittelt:

Es sind die Dänen, die Malteser und die Schweizer. alfatomega.com / 2005 0202.html

papst Die US-amerikanische Sektion der Malteser -Ritter war

seit 1944 die ... P2 unter Lucio Gelli, deren Angehörige entscheidende Posten im Vatikan beherrschten. www.kommunisten-online.de/blackchanel/papst.htm

12.Aug.2007 http://www.spiegel.de/politik/ausland/0,1518,druck-499437,00.html

Eine Frage muss vorerst ungeklärt bleiben: Wer profitiert eigentlich von dieser Anschmiegsamkeit an die Argumente des Gegners?

Wer wird als Sieger vom Platz gehen, wenn sich die Grundpositionen derart ähneln?

Newt Gingrich meint die Antwort schon zu kennen: Die Republikaner. Zumindest, sagt er, hätten sie bei veränderter Grundstimmung wieder eine faire Chance, das Rennen ums Weiße Haus zu gewinnen.

Er glaube fest daran, das der Grundsatz von Magaret Thatcher noch immer richtig sei: "Erst gewinnst du das Argument und dann die Wahl."

12.Aug.2007 http://www.spiegel.de/politik/ausland/0,1518,druck-499437,00.html

Mit dieser politisch klugen Einlassung stand der Noch-Feldherr nahezu allein da.

Das tut man, aber das kündigt man nicht an, sagte Senator Joe Biden, der Altmeister der demokratischen Außenpolitik.

Hillary Clinton erwiderte auf einer Wahlversammlung in Chicago: "Es war ein großer Fehler, das heraus zu posaunen.

12.Aug.2007 http://www.spiegel.de/politik/ausland/0,1518,druck-499437,00.html

Präsident George W. Bush , der in früheren Tagen selbst gern derartige Präventivangriffe auf dem Gebiet souveräner Staaten empfahl, brauchte mehrere Tage um den Vorstoß abzulehnen.

Das Aufspüren von Terroristen in Pakistan sei eine Angelegenheit der Geheimdienste und nicht des Militärs, sagt er.

12.Aug.2007 http://www.spiegel.de/politik/ausland/0,1518,druck-499437,00.html

Die Mehrzahl der Amerikaner, daran besteht auch im fünften Jahr nach dem Anschlug auf das World Trade Center kein Zweifel, ist eben keineswegs kriegsmüde.

Sie will nicht den Krieg, nur die Erfolglosigkeit beenden.

Viele hassen mittlerweile Bush , der erst den Kriegsgrund ("Massenvernichtungswaffen") und dann das Kriegsende ("Mission accomplished") frei erfunden hat.

Aber die militärische Auseinandersetzung selbst will man deshalb noch lange nicht verloren geben.

12.Aug.2007 http://www.spiegel.de/politik/ausland/0,1518,druck-499437,00.html

Der Feldzug gegen al- Qaida und Co gilt den meisten Amerikanern als die einzig denkbare, geradezu natürliche Reaktion auf den Anschlag vom 11.Sep. 2001 .

Dem Präsidenten wird nicht die Kampfansage an die Terroristen verübelt, sondern seine Erfolglosigkeit im Irak.

12.Aug.2007 http://www.spiegel.de/politik/ausland/0,1518,druck-499437,00.html

Einer wie Gingrich, der für sich selbst das verstorbene Feindbild des Sowjetkommunisten beizeiten durch einen islamischen Fanatiker ersetzt hat, darf sich bestätigt fühlen.

Völlig korrekt sei das, was der junge Senator da über Pakistan gesagt habe, lobt er gönnerhaft.

Es gefällt ihm, dass da ausgerechnet vom politischen Rivalen ein neues Kampffeld eröffnet wurde, wo doch andere in diesen Tagen schon von Rückzug reden.

Pakistan, sagt Gingrich, sei "enorm gefährlich, wir brauchen eine Strategie". Wobei einer wie Gingrich mit "Strategie" in aller Regel den Einsatz von Raketen, Mörsern und Flammenwerfern meint.

Der Wind hat gedreht in Washington. Amerika befindet sich im Krieg, nicht nur der Präsident.

Die Demokraten greifen zwar weiter den fehlgeschlagenen Irakfeldzug an, aber nicht mehr den gesamten "Krieg gegen den Terror".

Der hat sich durchgesetzt - nicht nur als Metapher.

Vorwurf: Verfolgung Bin Ladens nicht "aggressiv"

12.Aug.2007 Präsidentschaftswahlkampf: Demokraten auf Kriegspfad

11.Aug.2007 Russland: Putin kündigt eigene Raketenabwehr an

11.Aug.2007 Unterschätzte Milliarden- Risiken: US- Kreditkrise erfasst immer mehr deutsche Bank en

11.Aug.2007 When Will America Awaken from "The Bush Ultimatum"? -- A BuzzFlash Editorial

Get a Dose of Progressive Attitude Every Morning: Sign Up for BuzzFlash Alerts -- And Get Buzzed in the Afternoon Too.

Democrats on Saturday touted legislation to guarantee troops time at home between deployments to Iraq. In the party's weekly radio address, Rep. Ellen Tauscher, D-Calif., criticized President Bush for threatening to veto the bill, contending his administration's policies on troop deployments have weakened the military. 8/12

12.Aug.2007 Federal Judge Appointed by George Herbert Walker Bush in Colorado Was Too Drunk to Remember His $3,000 in Strip Club Charges While He Was Married

Ken Silverstein : The Cost of Caving 8/12

12.Aug.2007 Gen. David Petraeus told a congressional delegation visiting the Middle East that success in Iraq will require a U.S. military presence there for about a decade, Rep. Jan Schakowsky (D-Ill.) said Friday. 8/11

Helen Thomas: " Bush has the Democrats' number on Capitol Hill. All he has to do is play the fear card and invoke the war on terror and they will cave. What's more, the president has found out that he can break the law and the rubber stamp Democratic Congress will give him a pass every time."

"Backwards Bush " Countdown Clock Keychain

12.Aug.2007 Bush in the Land of Denial: "Iraq strategy sees good results" 8/12

Paul Krugman: Very Scary Things 8/11

11.Aug.2007 http://www. 911 oz.com/links/93

In a television documentary, America Rebuilds, Mr. Larry Silverstein made a statement which has been the source of great fascination for 9/11 researchers:

I remember getting a call from the Fire Department commander, telling me they were not sure they were going to be able to contain the fire.

I said, you know, 'We've had such terrible loss of life, maybe the smartest thing to do is just pull it.'

And they made that decision to pull and we watched the building collapse. Download the video from here: http://www. 911 blogger.com/files/video/wtc7_pbs.WMV

Why is it of such interest? The answer is because of it's ambiguity, which allows it to be interpreted in two completely different ways:

1) I told them to demolish the building.

2) I told them to withdraw from the building.

11.Aug.2007 http://www. 911 oz.com/links/93

( U.S. State Department )

Notice how Silverstein 's PR spokesman protects Silverstein by paraphrasing rather than quoting him:

Mr. Silverstein expressed his view that the most important thing was to protect the safety of those firefighters, including, if necessary, to have them withdraw from the building.

This, I suggest, is also carefully crafted. None of these statements could ever be interpreted as clear evidence of either denial or complicity.

11.Aug.2007 Darfur: Wieczorek- Zeul befürwortet stärkeres Engagement der Bundeswehr

11.Aug.2007 Grünes Profil: Hamburg will Klimaschutzhauptstadt werden

11.Aug.2007 Schwere Vorwürfe gegen Wirtschaftsministerium: Hofberichterstattung gegen Anzeigen?

11.Aug.2007 Wackel- Anleihen für 7,8 Milliarden: Mittelstandsbank IKB noch tiefer im Hypotheken- Sumpf

11.Aug.2007 Schmiergeldaffäre: Hinweise auf schwarze Kassen in Liechtenstein über 190 Millionen Euro

11.Aug.2007 http://www.spiegel.de/wissenschaft/mensch/0,1518,druck-498493,00.html

So wie das Muster eines Teppichs nicht auf Nahdistanz, sondern erst bei einigem Abstand erkennbar ist, zeigen sich den Archäologen bestimmte Bodenmerkmale nur aus der Vogelperspektive.

11.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499379,00.html

"Gier hat Vernunft geschlagen - und zwar auch bei den Profis", schlussfolgert Gerke.

Dabei habe es vor der Krise an Warnungen nicht gemangelt: "Etliche Warnungen wurden in den Wind geschlagen.

Es ist falsch, jetzt zu behaupten, die Risiken und Probleme seien nicht absehbar gewesen."

11.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499379,00.html

Derweil kommen immer neue Details der Kreditkrise ans Licht:

So hat der "Financial Times" zufolge auch die weltgrößte Bank Citigroup in den vergangenen Wochen mehr als 500 Millionen Dollar im "Kreditgeschäft" verloren.

Ein Firmensprecher war zunächst nicht für einen Kommentar erreichbar.

In Deutschland sind nach der Mittelstandsbank IKB auch die WestLB und die SachsenLB in den Verdacht geraten, dass sie an den risikoreichen Investments am US-Immobilienmarkt beteiligt waren.

Vorwürfe gegen Ratingagenturen und die Fed

11.Aug.2007 Shuttle "Endeavour": Mit Klebstoff und Flickset im Orbit

11.Aug.2007 Internationales Börsenbeben: Ökonomen warnen vor Panik (Wirtschaft)

11.Aug.2007 Denkmal- Flieger: Altertumsforscher setzen auf Luftbildarchäologie

11.Aug.2007 NEWS VALUES

The thought that news reports should be true dawned on journalists only recently.

Journalists have just as much ... http://www.columbia.edu/itc/journalism/j6075/edit/Fuller.html

11.Aug.2007 Former Enron Executive Reveals Truths Government Refused to Hear

... hilarious look at the company that has become the gold standard for ethical misconduct and blinding greed. · http://bizpr.news.prweb.com/releases/ 2002 /10/prweb47556.htm

11.Aug.2007 How Bats' Super Hearing Could Help Blind See Cool. posted by Prof. Hex

11.Aug.2007 Scientists discover largest-known planet

Scientists have discovered the universe's largest known planet, a giant ball made of mostly hydrogen that is 20 times larger than Earth and circling a star 1,400 light-years away. posted by Prof. Hex

11.Aug.2007 Russia sparks Cold War scramble : Russian bombers have flown to the US island of Guam in the Pacific in a surprise manoeuvre reminiscent of the Cold War era.

11.Aug.2007 Russian Fleet Worries Israel : Russia’s plans to restore its permanent naval presence in the Mediterranean Sea are causing serious concern in Israel .

The Israel is think that the Syrian ports the Russians are most likely to use will turn into major centers of electronic surveillance and air defense centers and, as such, threats to Israel ’s national security.

11.Aug.2007 Facts and Lies /Pat Tillman Case: The Pat Tillman case could bring down the Cheney / Bush Administration for every key top level official, both Pentagon and white House, is involved and they are all apparently lying.

11.Aug.2007 Same Agencies to Run, Oversee Surveillance Program : The Bush administration plans to leave oversight of its expanded foreign eavesdropping program to the same government officials who supervise the surveillance activities and to the intelligence personnel who carry them out, senior government officials said yesterday.

11.Aug.2007 Civil rights group seeks court's spying rulings : A U.S. civil liberties group said on Wednesday it is asking a federal court to disclose its recent legal opinions on the Bush administration's authority to engage in secret wiretapping of Americans.

11.Aug.2007 U.S. Stocks Tumble on Credit Concerns; Banks, Brokers Retreat : ``The fear is feeding on itself,'' said Jeffrey Kleintop, who helps oversee more than $173 billion as chief market strategist at LPL Financial Services in Boston. ``It's what you don't know that seems to be taking over the market.''

11.Aug.2007 Dow Plunges 387 on Subprime Concerns : Wall Street plunged again Thursday after a French bank said it was freezing three funds that invested in U.S. subprime mortgages because it was unable to properly value their assets. The Dow Jones industrials extended its series of triple-digit swings, this time falling more than 380 points.

11.Aug.2007 Welcome to America : When writer Elena Lappin flew to LA, she dreamed of a sunkissed, laid-back city. But that was before airport officials decided to detain her as a threat to security ...

11.Aug.2007 Up to 80 congressmen visit israel in August : They should just hold their next session in Tel Aviv and do away with the useless formality of meeting on Capitol Hill.

11.Aug.2007 UK asked to withdraw troops from Afghanistan : The British Pukhtuns Association on Wednesday appealed to the United Kingdom to withdraw its troops from Afghanistan and stop spending huge amount on military activities in the embattled country to bring a durable peace to the region.

11.Aug.2007 War with the Taliban to last some time, says Canadian colonel in Afghanistan : Col. Christian Juneau distanced himself from predictions made a few days ago by Kandahar Gov. Asadullah Khalid that NATO forces would defeat the Taliban in the not too distant future.

11.Aug.2007 UK worried over Taliban’s advance’ : UK ministers believe that if Afghanistan falls into the hands of the Taliban, Pakistan may also fall, with dire consequences for British security. According to a report in the Guardian, Britain has been pressing for greater cooperation between Pakistan and Afghanistan, but recognises that the border means little to local tribes.

11.Aug.2007 US 'loses track' of Iraq weapons : The US military cannot account for 190,000 AK-47 assault rifles and pistols given to the Iraqi security forces, an official US report says.

11.Aug.2007 Republican Commission: Iraq War is Over : It doesn't say that America "lost." According to the conservative NY Sun, "A commission formed to assess the Iraq war and recommend a new course has ruled out the prospect of victory for America."

11.Aug.2007 Iraq's middle class escapes, only to find poverty in Jordan : Rents are high, schools cost money + under-the-table jobs pay little. A survey of 100 Iraqi families this spring found that 64 percent were surviving by selling off their assets.

11.Aug.2007 Iraq imposes 'Saddam style' ban on oil union: Iraq's energy ministry is using a Saddam-era decree to crack down on trade unions and stifle dissent against foreign exploitation of the country's vast oil reserves, the Basra-based oil workers' union claims.

11.Aug.2007 British Criticize U.S. Air Attacks in Afghan Region - By - Carlotta Gall

A senior British commander in southern Afghanistan said in recent weeks that he had asked that American Special Forces leave his area of operations because the high level of civilian casualties they had caused was making it difficult to win over local people. Continue

11.Aug.2007 The Bombing of Nagasaki August 9, 1945: The Untold Story - By - Gary G. Kohls

62 years ago, on August 9th, 1945, the second of the only two atomic bombs (a plutonium bomb) ever used as instruments of aggressive war (against essentially defenseless civilian populations) was dropped on Nagasaki, Japan, by an all-Christian bomb crew. The well-trained American soldiers were only "doing their job," and they did it efficiently. Continue

11.Aug.2007 US Hegemony Spawns Russian-Chinese Military Alliance - By - Paul Craig Roberts

This new potent military alliance is a real world response to neoconservative delusions about US hegemony. Neocons believe that the US is supreme in the world and can dictate its course. The neoconservative idiots have actually written papers, read by Russians and Chinese, about why the US must use its military superiority to assert hegemony over Russia and China. Continue

11.Aug.2007 Good Ol' Bill, The Liberal Hero - By - John Pilger

The Clinton scam is symptomatic of the death of liberalism – not its narcissistic, war-loving wing ("humanitarian intervention"), which is ascendant, but the liberalism that speaks against crimes committed in its name, while extending rungs of the economic ladder to those below. Continue

10.Aug.2007 Probleme mit US- Hypotheken: Staatsanwalt ermittelt gegen IK (Wirtschaft)

10.Aug.2007 Brustkrebs- Früherkennung: Kernspin viel treffsicherer als Röntgen

10.Aug.2007 http://www.spiegel.de/wissenschaft/mensch/0,1518,druck-499320,00.html

Das hatte der Elder Statesman der US-Forschungsszene mit einem seiner Beispiele, dem DNA-Entdecker Francis Crick, gemeinsam. Der versuchte im hohen Alter, das Wesen des menschlichen Geistes zu entschlüsseln.

10.Aug.2007 http://www.spiegel.de/wissenschaft/mensch/0,1518,druck-499320,00.html

Eines Tages werde man vielleicht verstehen, wie in den Neuronen Einzigartigkeit entstehe. Vielleicht seien Forschergeister ja eher imstande, "Fakten aus weit entfernten Hirnregionen miteinander zu verbinden". Wenn sich das eines Tages beobachten lasse, dann könne die Theorie von Charge, Challenge und Chance womöglich bei der Analyse von Experimenten mit bildgebenden Verfahren helfen.

10.Aug.2007 http://www.spiegel.de/wissenschaft/mensch/0,1518,druck-499320,00.html

Doch die Frage nach den Gemeinsamkeiten ließ Koshland nicht mehr los. "Wenn wir auf Jahrhunderte wissenschaftlicher Erkenntnis zurückschauen, so tritt ein Muster hervor", schrieb er. Alle Forscherentdeckungen, so Koshland, könne man in eine von drei Kategorien einteilen. Und die fangen - ebenso dekorativ wie leicht zu merken - alle mit "Cha" an: Charge, Challenge und Chance:

Charge bedeutet soviel wie Ladung. Und Charge-Entdeckungen lösen Koshlands Typologie entsprechend offensichtliche Probleme, deren Lösungen nicht ganz so offensichtlich sind. Kennzeichnend ist hier, dass die zeitgenössische Debatte geradezu mit einem bestimmten Problem aufgeladen ist. Newtons Gravitationsgesetz oder die Suche nach einem Heilmittel für Herz- und Gefäßkrankheiten seien solche allgegenwärtigen Probleme. Challenge bedeutet Herausforderung. Und diese besteht laut Koshland darin, eine wachsende Zahl von Puzzlestücken zusammenzufügen, die für sich alle unerklärt, rätselhaft oder gar widersprüchlich sind. Einsteins spezielle Relativitätstheorie gehöre ebenso zu diesen Fällen wie die Entdeckung der DNA-Struktur durch Watson und Crick. Diese Kategorie zeigt auch, welche mühselige Kollektivarbeit Forschung ist. Es gebe viele "Aufdecker" in solchen Fällen, oft komme dann aber nur ein Einziger mit der Erklärung daher und gelte fortan als "Entdecker", so Koshland. Chance, also einfach Glück, ist für die dritte Kategorie nötig, den Zufallsfund. Man brauche zwar ein waches Gemüt, um den Fund zu erkennen, doch der Rest klingt reichlich simpel: Pasteur, Röntgen oder Plunkett - "diese Forscher sahen, was niemand zuvor gesehen hatte, und erkannten dessen Bedeutung".

10.Aug.2007 http://www.spiegel.de/wissenschaft/mensch/0,1518,druck-499320,00.html

"Jede wissenschaftliche Entdeckung wird durch das Arrangement von Neuronen im Gehirn ermöglicht und ist als solche einzigartig", schrieb Koshland.

10.Aug.2007 Berühmte Entdeckungen: Cha- Cha- Cha- Theorie sortiert Geistesblitze

10.Aug.2007 BND- Ausschuss: Münchner Ermittler stellen Verfahren gegen Journalisten ein

10.Aug.2007 http://www.spiegel.de/netzwelt/tech/0,1518,druck-499247,00.html

Die Dämmerung hat eingesetzt + der von der Sommersonne ausgetrocknete, staubige Platz vor dem Luftfahrtmuseum Finowfurt löst das Motto des Camps über den Feen-Staub ein, der laut "Peter Pan" vor dem Erwachsenwerden schützen und Flügel verleihen soll: "In fairy dust we trust."

10.Aug.2007 Does your jewelry fund terror?

---TrustMe.com Original Editorial--- Posted by josephcannon 51 days ago View profile

Malalai Joya, a heroic woman who was forced out of Afghanistan's parliament when she spoke out against the corruption of the warlords installed by the USA , had this to say in a recent PBS interview:

It seems that the U.S. government and its allies want to rely on them [the warlords] and install them to the most important posts in read more

10.Aug.2007 Cell phone spying: Pranksters, or a government experiment?

---TrustMe.com Original Editorial--- Posted by josephcannon 46 days ago View profile

Long time readers may have noticed a recurrent theme in our various explorations of Spook World: Telecommunications.

This piece from Washington's News Tribune delivers a particularly odd and frightening variation on that motif. Three families in a town called Fircr read more

10.Aug.2007 Race for Second Place in Iowa Straw Poll to Test "Strength" of GOP Pygmies

Republican presidential hopeful Rudy Giuliani said Friday that he misspoke when he said he spent as much time, if not more, at ground zero exposed to the same health risks as workers combing the site after the Sept. 11 attacks. Straight from the mouth of the horse's a*s.

10.Aug.2007 Daniel Ellsberg: A Personal Vision for Cindy Sheehan's Campaign -- A BuzzFlash Guest Contribution

Marjorie Cohn: FISA Revised: A Blank Check for Domestic Spying -- A BuzzFlash Guest Contribution

10.Aug.2007 The BuzzFlash Mailbag -- Uncensored and Unvarnished Truth from BuzzFlash Readers.

Truth-Squadding David Shuster; No good having a 'truth squad' if it's wrong and biased toward the right-wing. 8/11

"Proud to be an American Against the War" Button. Wear It Proudly.

10.Aug.2007 David Sirota: How to End the War? Make GOPers Decide Between Bush and Their Base 8/11

Iowa Governor says state caucus will happen 00.000. 20 08. If we are all going to do all 50 states at once, let's pick a lovely spring day. 8/11

Dow Jones falls 31 points for the day, a small comeback following a huge tumble to start the day. But the worst does not look like it's over. 8/11

10.Aug.2007 http://www.cannonfire.blogspot.com/ Permalink

Daniel Ellsberg needs an intervention Calling Dr. Fielding! Daniel Ellsberg, whom I admire -- or used to admire -- needs help.

In his Cindy Sheehan endorsement speech , Ellsberg indicates that a head gasket may have burst in the machineries of his mind.

In the first place, he is supporting the candidacy of a fool who has no business in Congress. I am sorry for Ms. Sheehan's loss, but she's a big girl with a big audience + she must take responsibility the far-right crapola she has been peddling lately. She has given mouth service to false claims that the income tax is unconstitutional and that the Democrats started World Wars I and II. Not long ago, only John Birchers and neo-Nazis mouthed such ludicrous sentiments.

Speaking of ludicrous sentiments, let's take a closer look at what Ellsberg has to say:

10.Aug.2007 http://www.cannonfire.blogspot.com/ In Downtown Columbia SC, we have been under aerial surveillance for several years now. Lately, things have slowed down, but prior to the past three months, we have had low flying unidentified aircraft cruising our skies day and night. There have been all sizes of these aircraft. There are helicopters, airplanes and even blimps. Columbia is home to Fort Jackson, largest continental army training base in the US and also is the capital city. # posted by Anonymous : 8:39 AM

10.Aug.2007 http://www.cannonfire.blogspot.com/ Seems to me that Congress cannot regulate NSA activities until they have some idea as to what they are doing. # posted by Joseph : 7:48 AM

10.Aug.2007 http://www.cannonfire.blogspot.com/ So if you really really really want to hate the Dems, then you should at least admit that they let you down 00.000.19 78 ,not 2007.

And there were people back then who said just that.

10.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499258,00.html

Finanztitel zählten vor dem Hintergrund der Kreditkrise auch außerhalb Deutschlands zu den größten Verlierern. Im Mittelpunkt standen erneut Aktien von ABN Amro Holding, die um 5,9 % auf 33 Euro nachgaben. Zwischenzeitlich waren die Titel um mehr als elf % auf 31,20 Euro eingebrochen. Händler begründeten die Kursverluste mit Befürchtungen, wonach die geplante Übernahme der niederländischen Bank an Problemen bei der Finanzierung von Krediten scheitern könnte. So könnte Fortis die zur Finanzierung geplante Ausgabe von Anleihen im Wert von zwei Milliarden Euro "etwas verschieben", sagte Finanzvorstand Gilbert Mittler der Wirtschaftszeitung "Financieele Dagblad". Die belgische Bank plant zusammen mit der schottischen Royal Bank of Scotland (RBoS) und der spanischen Banco Santander (BSCH) die Übernahme von ABN Amro. Ein anderer Börsianer verwies auf vage Spekulationen, wonach auch Barclays sein Übernahmeangebot für ABN Amro wegen Finanzierungsschwierigkeiten zurückzieht. Die britische Bank hat aber derartige Gerüchte derweil dementiert.

10.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499258,00.html

"FAZ": Landesbank Sachsen hat Probleme mit US-Krediten

Die Auswirkungen der Krise am US-Hypothekenmarkt sind inzwischen in ganz Europa zu spüren. Die britische Man Group verschiebt nach Informationen der Nachrichtenagentur Reuters ihre Pläne, erstmals einen Hedge-Fonds an die New Yorker Börse zu bringen, auf unbestimmte Zeit. In Deutschland nimmt die Finanzaufsicht Bafin im Zuge der US-Hypothekenkrise eine Fondsgesellschaft der SachsenLB unter die Lupe, wie die "Frankfurter Allgemeine Zeitung" berichtet. In Finanzkreisen heiße es, die Bafin führe mit der Landesbank derzeit Gespräche wegen deren Zweckgesellschaft Ormand Quay, für deren Liquidität die Landesbank laut Analyse der Kreditbewertungsagentur Standard & Poor's mit 17,5 Milliarden Dollar geradestehe. Ormand Quay investiert nach Angaben der Zeitung in langfristige Kreditanlagen und refinanziert sich durch kurzfristige Anleihen. Im Juni hätten 82 % der Kredite aus Hypotheken bestanden. Nach Angaben der Landesbank investiere Ormand Quay allerdings nicht in die besonders risikoreichen Ausleihungen an Kunden mit geringer Kreditwürdigkeit - die eigentlichen Auslöser für die Krise. Ormand Quay sei vielmehr eine der größten Zweckgesellschaften der Welt. Dabei handelt es sich um Tochterfirmen, die eigens für bestimmte Geldgeschäfte gegründet werden.

10.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499258,00.html

Im Vergleich zu ihren Jahreshöchstkursen haben die Finanzwerte damit zwölf bis 25 % abgegeben.

10.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499288,00.html

Michael Fraikin, Anlagevordenker bei der Fondsgesellschaft Invesco.

10.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499288,00.html

Wenn es der deutschen Wirtschaft schlecht geht, geht es den deutschen Anlegern doppelt schlecht: Sie verlieren Einkommen + ihr in heimische Aktien angelegtes Vermögen schmilzt dahin, weil die Kurse sinken.

10.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499288,00.html

"Beispielsweise zeigen Studien, dass Anleger Aktien, die sie besser kennen, ein größeres Renditepotential und ein geringeres Risiko beimessen. Das ist logisch nicht haltbar", erklärt Markus Glaser von der Universität Mannheim.

10.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499288,00.html

Das weckt Erinnerungen an die Jahrtausendwende. Der New-Economy-Boom lief schon eine ganze Weile, doch die meisten Privatanleger kauften erst dann Aktien, als deren Wert schon zu bröckeln begann. Zu lange hatten sie den verführerischen Geschichten gelauscht und gezaudert - jeder kannte einen Nachbarn oder Freund, der von enormen Gewinnen zu berichten wusste. Das DAI verzeichnete 2001 mit 12,85 Millionen die bisher größte Zahl an Aktionären in Deutschland - doch es war zu spät, die Aktien fielen weltweit fast drei Jahre lang.

10.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499278,00.html

Dabei habe es vor der Krise an Warnungen nicht gemangelt: "Etliche Warnungen wurden in den Wind geschlagen. Es ist falsch, jetzt zu behaupten, die Risiken und Probleme seien nicht absehbar gewesen."

10.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499278,00.html

Eines allerdings ist klar: Dass sich mittelständische Banken wie die IKB überhaupt an solchen Investitionen beteiligt haben und die unsicheren Werte in ihr Portfolio aufgenommen haben, ist nach Ansicht von Investment-Experte Leber schlicht "fahrlässig und außerhalb ihrer Kompetenz". Er hätte die IKB deshalb auch nicht gerettet: "Verantwortungslose Spieler müssen pleite gehen."

Finanzmarktkrise gefährdet Aufschwung

10.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499278,00.html

"Wenn durch Liquiditätssignale und Zinssenkung das fehlende Vertrauen wieder hergestellt werden kann, dann sind wir aus dem Gröbsten raus", sagt Ehrhardt. Denn auch wenn nicht nur die amerikanischen, sondern auch die europäischen und asiatischen Finanzmärkte wackelten, sei die Krise letzten Endes eine amerikanische Krise. Denn die Liquidität an den europäischen und asiatischen Aktienmärkten sei eigentlich gut, für die Krise gebe es aus dem Blickwinkel der Bewertung keinen Grund.

10.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499278,00.html

"Die Ratten verlassen das sinkende Schiff"

Aber auch die amerikanische Notenbank hat nach Einschätzung von Analysten nicht richtig reagiert. "Sie hätte eindeutige Signale geben müssen, dass sie die Sache im Griff hat", sagt Finanzexperte Ehrhardt. Stattdessen habe man bestimmte Fonds einfach pleite gehen lassen und dabei zugesehen, wie Investoren ihre Gelder abgezogen hätten. "Da ist der Eindruck entstanden: Die Ratten verlassen das sinkende Schiff."

10.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499278,00.html

"Das Problem ist seit Herbst letzten Jahres bekannt und wird seit Monaten intensiv diskutiert. Trotzdem haben die Ratingagenturen nicht reagiert", sagt Leber. Er gehe deshalb davon aus, dass es massive Schadensersatzklagen gegen die Ratingagenturen geben wird.

10.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499278,00.html

Immer lauter werden die Stimmen, die jetzt die Kontrolleure selbst kritisieren.

10.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499278,00.html

Weitaus stärker hält sich dagegen Fondsmanager Leber in seinen Schätzungen zurück. "Nach dem, was bisher bekannt ist, gehe ich davon aus, dass es Ausfälle von 50 bis 100 Milliarden Dollar geben wird - ohne allerdings mögliche Schadensersatzforderungen gegenüber den Ratingagenturen miteinzurechnen." Denn die großen Ratingagenturen wie Standards&Poor's, Moddy's oder FitchRatings sind in seinen Augen mitverantwortlich für das Ausmaß der Krise. Sie beurteilen die Kreditwürdigkeit eines Schuldners, durch einen Code, der von "AAA" (höchste Qualität) bis "D" (zahlungsunfähig") reicht. Investoren verlassen sich gerade bei so komplexen Anlageformen wie es die Hypothekenkredite waren, in der Regel stark auf das Urteil der Ratingagenturen.

10.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499278,00.html

Auch das Vorgehen der Banken in Amerika und in Deutschland löst inzwischen Kopfschütteln aus. "Das Neue daran ist, dass der Kreditgeber seine Kreditnehmer nicht mehr kennt", sagt Finanzanalyst Ehrhardt. So seien quasi Immobilien-Darlehen gegeben worden, ohne irgendeine Sicherheit zu haben. Ein Prinzip, nach dem keine der betroffenen Banken normalerweise arbeiten würde. Ehrhardt schätzt, dass etwa ein Drittel der in den USA vergebenen Hypothekenkredite schlechter Bonität nicht zurückgezahlt werden können - was insgesamt zu einem Schaden von etwa 300 Milliarden Dollar führen könnte.

10.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499278,00.html

Momentan weiß keiner, wo die unsicheren Kredite sind", bestätigt auch Hendrik Leber, Fondsmanager und Geschäftsführer der Investmentberatung Acatis. Er vermutet, dass es noch eine große Bank erwischen wird, die ebenfalls zu viel in den sogenannten Subprime-Markt investiert hat. "Momentan verleihen die Kreditinstitute deshalb auch untereinander kein Geld mehr, was einen Liquiditätsengpass zur Folge hat, den die EZB mit ihren Finanzspritzen bekämpft."

10.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499278,00.html

"Mir war nicht bekannt, dass die IKB und einige Landesbanken so tief in die Hypothekenkrise verstrickt sind und tatsächlich dreistellige Summen in den sogenannten Subprime-Markt investiert haben", sagt Jens Ehrhardt, Vermögensverwalter und Fondmanager der gleichnamigen Fondsgesellschaft. Die Beinahe-Pleite des Staatsfinanzierers IKB in der vergangenen Woche habe zu einem großen Vertrauensverlust der Banken untereinander geführt. "Plötzlich wollte keiner mehr Geld verleihen, weil niemand weiß, welche Bank noch Probleme mit den faulen Krediten aus den USA bekommen wird."

10.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499278,00.html

"Alle sind unglaublich nervös. Und es ist die Unsicherheit, die die Märkte tötet", sagte ein Analyst der britischen Großbank Barclays der BBC.

10.Aug.2007 http://www.spiegel.de/wirtschaft/0,1518,druck-499278,00.html

Hektik und riesige Handelsumsätze an den Börsen in Frankfurt, New York, London - die Hypothekenkrise versetzt die Märkte in Alarmstimmung. Die Europäische Zentralbank und die US-Notenbank pumpen massiv Geld in den Markt, um die Lage zu stabilisieren. Analysten warnen: "Es ist Feuer unterm Dach."

Hamburg - Zwei riesige Geldspritzen binnen 24 Stunden - die Europäische Zentralbank (EZB) sieht offenbar großen Handlungsbedarf, um der Panik an den Finanzmärkten entgegenzuwirken. 94,8 Milliarden Euro stellten die Währungshüter den Banken schon gestern zur Verfügung. Heute kamen noch einmal 61,05 Milliarden Euro dazu . So viel wie seit den Terroranschlägen vom 11. September 2001 nicht mehr. Die japanische Zentralbank versorgte zuvor den Markt mit rund sechs Milliarden Euro. Am Nachmittag zog auch die US-Notenbank Fed nach und stellte den Kreditinstituten in zwei Schritten insgesamt 19 Milliarden Dollar bereit.

Foto: DPA Video: Reuters

Zuvor hatten die US-Börsen ihre Talfahrt zu Handelsbeginn fortgesetzt - erst nach den Finanzspritzen der Fed beruhigte sich die Lage, zeitweise waren die Indizes sogar im Plus. Am Abend schlossen der Dow Jones mit 0,23 %, der Index der Technologiebörse Nasdaq mit 0,45 % im Minus.

Analysten zeigten sich besorgt: "Wenn sich Notenbanken rund um den Globus zu so etwas veranlasst sehen, dann ist Feuer unter dem Dach", kommentierte Händler Dirk Müller von IFC-Kursmakler. "Es ist schwer abzuschätzen, was da noch hochkommt", so der Experte über das internationale Börsenbeben, das die Krise am US-Immobilien und -Hypothekenmarkt hervorgerufen hat. Über Derivate seien alle Marktteilnehmer weltweit miteinander so verquickt, dass keiner mehr durchblicke. "Wenn es an einem Ende zwickt, kann das das ganze Finanzsystem zum Einsturz bringen", warnte auch ein anderer Börsianer. Die Analysten von ABN Amro schrieben: "Das Kartenhaus beginnt zu wackeln."

10.Aug.2007 Massive Einbrüche: Alarm an den Börsen - Finanzhüter stemmen sich gegen Kreditkrise

10.Aug.2007 Sternschnuppen: Himmelsspektakel am Wochenende

10.Aug.2007 Afghanistan: US- Truppen sprechen von "großer Schlacht" (Politik)

10.Aug.2007 Aktienanlagen: Der Goldrausch an den Börsen ist vorbei

10.Aug.2007 Filmstadt Cinecittà: Ganz Rom niedergebrannt (Kultur

10.Aug.2007 Börsenkrise: Dax sackt ab - EZB pumpt erneut Milliarden in den Markt (Wirtschaft)

2004 082930

2004 0707 REPORT ON THE USA. INTELLIGENCE COMMUNITY'S PREWAR INTELLIGENCE ASSESSMENTS ON IRAQ ".. circumventing the CIA + briefing their own analysis ... alfatomega.com / 2004 082930.html

The Roanoke Slant Saddam’s leader of intelligence lost his head when he hit the end of his rope! ... http://roanokeslant.blogspot.com/ 2005 /08/dour-assessment-of-iraq.html ... roanokeslant.blogspot.com/

10.Aug.2007 Leon Trotsky: First 5 Years of the Comintern: Vol.1 (Manifesto of ...

The real masters of the situation + the rulers of state destiny are –

Lord Rothschild +

Lord Weir [14],

Morgan +

Rockefeller ,

Schneider +

Loucheur ... www.marxists.org/archive/trotsky/1924/ffyci-1/ch12.htm

Minutes of Second Congress of the Communist International

... destiny are – Lord Rothschild and Lord Weir, Morgan and Rockefeller ,

... the Kapp-Lüttwitz putsch into a strong counter-revolutionary nucleus which the ... www.marxists.org/history/international/comintern/2nd-congress/manifesto.htm

220403antiwarblogg Allen Dulles brothers, the Rockefeller s and Rothschild s, George Bush -- all .

Yet if the Morgan putsch had succeeded, America would have been part ... alfatomega.com /220403antiwarblogg.html

Banker - News /Nachrichten

Eines der bekanntesten Mitglieder der Rothschild -Dynastie ist tot.

Der Chef von Morgan Stanley, John Mack, engagiert sich für die amerikanische ... www.alle-news.com/10027-banker.html

10.Aug.2007 shtml

RatherNotBlog » Blog Archive » Films for Lent

With that caveat, however, Longford tells the story of Francis Pakenham, Lord Longford (played by the wonderful Jim Broadbent) + in particular his ... rathernot.classicalanglican.net/?p=261

2007 0414 The wonderful Lord Longford said that he was cowardly and had failed to serve his country properly in the war. Robert Maxwell claimed the fall of communism ... alfatomega.com /2007 0414.html

10.Aug.2007 Full text of Inslaw's Rebuttal to the Bua Report Michael Riconosciuto served as Director of Research during the early 1980's for ...

According to Michael Riconosciuto, Peter Videnieks was also a close ... www.copi.com/articles/inslaw_a.htm

2004 1210 former Chief of Staff of the US Army the very same General Meyer who had set up the Department of Defense conference in which Michael Riconosciuto had been ... alfatomega.com / 2004 1210.html

10.Aug.2007 Rubicon26-32sept08 pm.qxd

< www.pir.org/main1/.Ari_Ben-2Dmenashe.html >. 2 Michael C. Ruppert, “Bin Laden’s ... Riconosciuto, Michael, 157, 158, 163,. 165. Ridgeway, James, 10, 149 ... sandiego.indymedia.org/media/2007/01/124771.pdf

10.Aug.2007 Bank of Credit and Commerce International. ... also about the apparent frame-up of computer wizard Michael Riconosciuto . ... New York http://www.pir.org/books.55. Hatch was BCCI 's mouthpiece ...

www.apfn.org/APFN/ BCCI .htm

2004 1202 Michael Riconosciuto and Tim Osman (Osama bin Laden) - for the San Francisco Chronicle would relate: "Cabazons + Wackenhut appeared to be ... alfatomega.com / 2004 1202.html

Crossing the Rubicon --- tist named Michael Riconosciuto . Familiar names like Ted Gunderson ... I think they may have also mentioned the name PIRS, ...

+++ Lost Arts Media Online • The PROMIS Software Scandal +++ A ...

Michael Riconosciuto served as Director of Research during the early 1980's for ...

PROMIS is apparently known within the RCMP by the name of P.I.R.S. ... www.lostartsmedia.com/thingspromissoftware.html

10.Aug.2007 Sir Rodric BRAITHWAITE Chairman Moscow School of Political Studies ... Sir Michael PAKENHAM Senior Advisor, Access Industries ... www.wse.krakow.pl/plik.aspx?id=326

10.Aug.2007 She was a girl from birmingham.

She just had an abortion.

She was a case ... his two younger brothers, Sir Michael Pakenham, a diplomat, was the Ambassador http://people.tribe.net/aidanmann/blog?page=6

10.Aug.2007 Ex-ministers cleared to work for lobbying firm | The Guardian ...

Two former ministers, Alan Milburn and Lewis Moonie, were fast-tracked by a ...

IT company Hitachi and on Sir Michael Pakenham, former ambassador to Poland, not ... www.guardian.co.uk/guardianpolitics/story/0,,1490823,00.html

Press Releases Foreign & Commonwealth Office

Comprehensive archive of Foreign & Commonwealth Office press releases.

... in succession to The Honourable Sir Michael Pakenham KBE, CMG, who will be ...

Ex-ministers cleared to work for lobbying firm | Special Reports ...

Two former ministers, Alan Milburn and Lewis Moonie, were fast-tracked by a ...

IT company Hitachi and on Sir Michael Pakenham, former ambassador to Poland, not ... http://politics.guardian.co.uk/labour/story/0,9061,1490856,00.html

20070315 "What was God doing before He made the world?

The Hon Sir Michael Pakenham . Other witnesses. Dr John Chipman. Michael Herman. Dr Brian Jones. ... http:// alfatomega.com /20070315.html

Ex-ministers cleared to work for lobbying firm | Special Reports ...

Two former ministers, Alan Milburn and Lewis Moonie, were fast-tracked by a ...

IT company Hitachi and on Sir Michael Pakenham, former ambassador to Poland, not ...

http://politics.guardian.co.uk/funding/story/0,11893,1490857,00.html

Guardian | Ex-ministers cleared to work for lobbying firm

Two former ministers, Alan Milburn and Lewis Moonie, were fast-tracked by a ...

IT company Hitachi and on Sir Michael Pakenham, former ambassador to Poland, not ...

www.guardian.co.uk/print/0,,5 2004 55-103685,00.html

01.Sep. 2003 (pt 28) House of Commons Hansard Written Answers for

You are here: Publications and Records > Commons Publications > Commons Hansard > ...

Sir Michael Pakenham (January 2001 ) John Macgregor (September 1998) Portugal ... publications.parliament.uk /pa/.../cmhansrd/vo030901/text/30901w28.htm

10.Aug.2007 http:// alfatomega.com /20070315.html

14.Mar .2007 Review of Intelligence on Weapons of Mass Destruction

Dame Pauline Neville Jones .

The Hon Sir Michael Pakenham.

Other witnesses.

Dr John Chipman. Michael Herman. Dr Brian Jones . John Kampfner. Dr David Kay ... www.archive2.official-documents.co.uk/document/deps/hc/hc898/898.pdf

14.Mar .2007 European Journal Vol. 8 No. 6 - HTML-Version

Bernard Connolly is Chief Economist of AIG International + the author of The ...

Both Kennedy + Dame Pauline Neville-Jones, a former Foreign Office ... www.europeanfoundation.org/docs/ej0806.pdf

14.Mar .2007 ANNEX A Sir Paul Lever.

Dame Pauline Neville Jones .

The Hon Sir Michael Pakenham.

Other witnesses.

Dr John Chipman.

Michael Herman.

Dr Brian Jones .

John Kampfner ... news.bbc.co.uk/nol/shared/bsp/hi/pdfs/14_07_04butler_ann.pdf

14.Mar .2007 Digg - BBC Reported Building 7 Had Collapsed 20 Minutes Before It Fell ... the time of 9/11 ) being run by a woman called Dame Pauline Neville - Jones ? ...

11.Sep. 2001 Throw in the AIG insurance debacle along with ENRON files in the SEC + ... digg.com/politics/BBC _Reported_Building_7_Had_Collapsed_20_Minutes_Before_It_Fell

Digg - BBC Reported Building 7 Had Collapsed 20 Minutes Before It Fell

So hey, has no one else here realized that BBC World was (at the time of 9/11 ) being run by a woman called Dame Pauline Neville - Jones ?

digg.com/politics/BBC _Reported_Building_7_Had_Collapsed_20_Minutes_Before_It_Fell?cshow=5434248

14.Mar .2007 Rick Porrello's-AmericanMafia.com-Allan May, Organized Crime ...

The newspapers claimed that the trio of Gordon + Greenberg + Hassell had ...

Gordon’ s brother, Nathan Wexler, called Theodore + urged him to return to ... www.americanmafia.com/Allan_May_7-19-99.html

00.May 2005 Houston's Clear Thinkers: Archives + it was precisely what Neville Chamberlain, Winston Churchill's ...

AIG 's former CEO Maurice " Hank " Greenberg allegedly contacted Mr. Ferguson 00.000. 20 00 to ... blog.kir.com/archives/ 2005_05.asp

14.Mar .2007 About the Contributors

Dame Pauline Neville - Jones is vice chairman of Hawkpoint Partners, the corporate ...

Mr. Jeremy D. Rosner is Vice President of Greenberg Quinlan Research, ... www.eisenhowerinstitute.org/.../coalition/usandnato/NATOatFiftyBook/AbouttheContributors.htm

14.Mar .2007 The EU and counter-terrorism – HTML-Version DAME PAULINE NEVILLE - JONES ... Chairman, QinetiQ p.l.c. + former Political ...

Many thanks also to Karen Greenberg, Stephen ... www.europeum.org/ess 2006 /materialy/the%20_EU_and_counter-terrorism.pdf

20050418 Servicios de corretaje y transporte de armas - Version HTML ... de Arcadi Gaydamak , emigrante y hombre de negocios ruso radicado en ... parecer, ... alfatomega.com / 2005 0418.html

2006 0905 The Crocodile Hunter was killed by a stingray while filming a documentary on ... A grim prediction, a bizarre campaign platform + a future we must reject. alfatomega.com / 2006 0905.html

2006 0311 Those who jump ship tend to dive into the dark seas of conspiracy theory. And we're talkin' 'bout some really weird conspiracy theories. alfatomega.com / 2006 0311.html

10.Aug.2007 Calfat - moteur de recherche et annuaire de sites pour les ... des Etats-Unis à l’aide au Liban annoncée par Condoleezza Rice à la Conférence […] ...

STRATISC.org le site de la stratégie dans l'histoire accueil ... www.usinenouvelle.com/web/?p=2&sp=0&q=Calfat

2005 0919 STRATISC.org le site de la stratégie dans l'histoire. Point de vue de SE Général Vernon Walters www.stratisc.org/partenaires/ihcc/ihcc_juin_WALTERS.html ... alfatomega.com / 2005 0919.html

Les États-Unis et les Nations Unies · CV - site de STRATISC ... le général Colin Powell, et le nouveau conseiller pour la sécurité nationale, Mme Condoleeza Rice, en font partie. www.afri-ct.org/article.php3?id_article=187

H? So Bán Nu?c B?-tru?ng Ngo?i-Giao Condoleeza Rice dã ch?t-v?n vi?c này và cho r?ng Trung-Qu?c không có lý-do nào d? ... http://www.stratisc.org/strat_063_CHENSHI.html

www.danchu 2006 .com/PageHtm/ChuyenMuc/HoSoBanNuoc/HoSoBanNuoc.htm

jcdurbant » politique He regarded [then National-Security Adviser Condoleezza Rice ] as part of the family.” jcdurbant.blog.lemonde.fr/category/politique/page/2

Références bibliographiques ( Rice Condoleezza & Zelikow Philip, Germany unified and Europe transformed, ... 1997, http://www.stratisc.org/strat/strat_6667_Wieviorka.html

dvkq.free.fr/saintdenis93/references_bibliographiques.htm

Table des matières - Versione HTML

nationale à la Sécurité, Condoleeza Rice, vise la définition au sein de ...

Le site de l’Institut de Stratégie Comparée : http://www.stratisc.org ; ... www.mil.be/rdc/viewdoc.asp?LAN=nl&FILE=doc&ID=166

THEORIES DE LA SECURITE - Versione HTML

... diplomatie transformationnelle » utilisée par Condoleeza Rice ... Analyse de COLSON (http://www.stratisc.org) « De Reagan à Clinton » : une certaine ... www.ulb.ac.be/students/bespo/documents/Cours/THEORIES_DE_LA%20SECURITE_pdf.pdf

mon cadeau : trouver un cadeau, Soin Visage solde, offrir des ... http://www.stratisc.org/Gontier%202.htm

La page de l'Afrique au féminin - afrik.com, le quotidien de toute l'Afrique Condoleezza Rice, "une esclave à la ...

Bise - Meilleurs Liens Sur Bise sur LexiWeb Cyberpresse - On l'a vu faire gentiment la bise à la secrétaire d'État américaine Condoleezza Rice . ... http://www.stratisc.org/BISE.htm

Alban: La bise ! www.lexiweb.fr/lex/bise-pa1-3967.html

10.Aug.2007 Dialog International: German Politics German-American Discourse on Politics and Culture

... the welfare state + participation in wars that violate human rights laws. Http://dialoginternational.typepad.com/dialog_international/german_politics

2004 071516_Report ... unsparing new history of the Afghanistan/Iraq wars, Imperial Crusades. alfatomega.com / 2004 071516_Report.html

2006 1017 Kadaver düngen Laichgründe - und nähren Junge ... levels of hunger are also gripped by conflicts or civil wars, a report shows. ... alfatomega.com / 2006 1017.html

10.Aug.2007 RWE Dea - RWE Dea RWE AG, RWE Power, RWE Dea, RWE Gas Midstream, RWE Trading, RWE Energy ...

18.Jul .2007 Konzessionsvertrag für die Ölfördergebiete im Golf von Suez und North ... www.rwedea.com/

RWE-DEA AG FUER MINERALOEL UND CHEMIE UEBERSEERING 40 22297 HAMBURG

RWE-DEA AG FUER MINERALOEL UND CHEMIE, UEBERSEERING 40 22297 HAMBURG HERZLICH WILLKOMMEN BEI DEA.

WIR FREUEN UNS DARAUF, SIE UMFASSEND ZU INFORMIEREN UND ... hamburg.cylex.de/firma-home-hamburg/rwe-dea-ag-fuer-mineraloel-und-chemie-2235746.html

MINERALOEL , HAMBURG RWE-DEA AG FUER MINERALOEL UND CHEMIE .

D-22297 HAMBURG, UEBERSEERING 40 HERZLICH WILLKOMMEN BEI DEA. WIR FREUEN UNS DARAUF, SIE UMFASSEND ZU INFORMIEREN UND ...

hamburg.cylex.de/branchenbuch-hamburg/L1c1-D_O1c1-HAMBURG-P1c1—N1c1-MINERALOEL.htm

RWE-DEA AG FUER MINERALOEL UND CHEMIE in HAMBURG

RWE-DEA AG FUER MINERALOEL UND CHEMIE, HAMBURG, HERZLICH WILLKOMMEN BEI DEA. WIR FREUEN UNS DARAUF, SIE UMFASSEND ZU INFORMIEREN UND INDIVIDUELL ZU BERATEN!

web2.cylex.de/firma-home/rwe-dea-ag-fuer-mineraloel-und-chemie-2235746.html

RWE Dea - Pressemitteilungen 1999

Die CONDEA Vista Company, Houston, Texas/USA, eine Tochtergesellschaft der RWE-DEA Aktiengesellschaft für Mineraloel und Chemie, Hamburg, verkauft ihr ...

RWE Dea - Pressemitteilungen 2000 Hamburg,

21.Aug. 2000 , RWE-DEA AG für Mineraloel und Chemie ... Hamburg,

30.Jun. 2000 , RWE-DEA AG für Mineraloel und Chemie ...

Kali und Chemie - HTML-Version

AG, Berlin u.v.a.

00.000. 1948 verlagert nach Hamburg .

00.000. 1970 umfirmiert in Deutsche Texaco AG,

00.000. 1989 in RWE-DEA AG für Mineralöl und Chemie .

00.000.2002 wurde von Shell und ... www.emporium-hamburg.com/numis/hwp/katalog/kali.pdf

Stromverschwender RWE-DEA Aktiengesellschaft für Mineralöl und Chemie, Hamburg 99% MITGAS Mitteldeutsche Gasversorgungs GmbH, Halle 60% Rhenag Rheinische Energie AG 56% ... www.stromverschwender.de/EVU/RWE.html

RWE Dea - Wikipedia

00.000. 1988 übernahm die RWE AG die Deutsche Texaco, dies war die Geburtsstunde der RWE-DEA Aktiengesellschaft für Mineralöl und Chemie . de.wikipedia.org/wiki/RWE_Dea

Presseportal: Shell Deutschland Oil GmbH Hamburg (ots) -

Die Deutsche Shell GmbH und die RWE-DEA Aktiengesellschaft für Mineraloel und Chemie, beide Hamburg, haben sich darüber verständigt, ... www.presseportal.de/pm/53326/shell_deutschland_oil_gmbh/?start=70

Presseportal: RWE Dea AG - RWE Dea erzielt sehr gutes Ergebnis in ...

Euro hat die RWE Dea AG, Hamburg, in den ersten neun Monaten 2003 ein sehr gutes ... sehr hoch waren, geht RWE Dea für das verbleibende Quartal davon aus, ... www.presseportal.de/pm/23396/499836/rwe_dea_ag

2005 0325 Sex macht fröhlicher als Geld Laut der Studie 'Money, Sex and Happiness: An ... Laut der Studie 'Money, Sex and Happiness: An Empirical ... http://alfatomega.com/ 2005 0325.html

2006 1214 BusinessCamber .com

13.Dec. 2006 NewsMine.org - bush insider said collapse was controlled demolishion. alfatomega.com / 2006 1214.html

10.Aug.2007 Zogby Poll: Half of New Yorkers Believe Government Complicity in 9/11

Occult Elite | • Decadent Empire | • Nazi USA | • World Government | • Political Assassinations | • Geopolitics | • Miscellaneous ... www.prisonplanet.com/articles/august 2004 /310804zogbypoll.htm

Pearl Harbor - Mother of All Conspiracies

The world's best webapge on the Pearl Harbor conspiracy and how Roosevelt committed treason to get America into World War II by encouraging a Japanese ... www.geocities.com/Pentagon/6315/pearl.html

Harkat informant called 'insane' www.canada.com/ottawacitizen/news/story.html?id=5531c205-5287-4f4f-8ece-45d504955a92

Chris Floyd: Bush , bin Laden, BCCI and the 9/11 Commission

Kean Insight. Bush , bin Laden + BCCI + the 9/11 Commission. by CHRIS FLOYD.

When George W. Bush 's first choice to head an "independent" probe into the 11.Sep. 2001 ... www.counterpunch.org/floyd0131 2003 .html

village voice > news > The 9-11 Truth movement tells a story-and ...

The 9-11 Truth movement tells a story-and is a story-about what happens when the government lies.: The ABC 's of 9-11 : What Really Happened. www.villagevoice.com/news/0608,murphy,72254,6.html

World Trade Center bombing - Wikipedia, the free encyclopedia

From Wikipedia, the free encyclopedia. Jump to: navigation, search.

For the second attack on the World Trade Center 00.000.2001 , see 11.Sep. 2001 attacks. en.wikipedia.org/wiki/World_Trade_Center_bombing

Who Bombed The World Trade Center? Fbi Bomb Builders Exposed!! Who Bombed The World Trade Center? Fbi Bomb Builders Exposed!! - from the 'Lectric Law Library's stacks. www.lectlaw.com/files/cur46.htm

THE WORLD TRADE CENTER BOMB: Who is Ramzi Yousef? And Why It ...

THE WORLD TRADE CENTER BOMB: Who is Ramzi Yousef? And Why It Matters. by Laurie Mylroie.

ACCORDING TO THE presiding judge in last year's trial, ... www.fas.org/irp/world/iraq/956-tni.htm

Who Bombed The World Trade Center Who Bombed The World Trade Center?

FBI Bomb Builders Exposed. The_Shadow. Paul DeRienzo, Frank Morales and Chris Flash.

00.Oct.1994-00.Jan.1995 Issue ... pdr.autono.net/WhoBombedWTC.html

WTC 7 'Pulled' By Silverstein , FDNY - Were Towers 'Pulled' Too?

Does this suggest pre-positioned explosives in the Towers? Hi Jeff - While surfing the net, I came across this information as shown below. www.rense.com/general47/pulled.htm

2005 0720 Procter and Gamble versus Bankers Trust : Caveat Emptor If it was to settle its $200 million lawsuit against Bankers Trust Company ... · http:// alfatomega.com / 2005 0720.html

10.Aug.2007 You may be deceived if you trust too much, but you will live in torment if you do not ... Cela signifie que le site web que vous êtes ... · http://www.cs.northwestern.edu/~ptt887/blog/index.php?p=18

10.Aug.2007 Politblog.net » Warum sich unsere Kinder begeistert mit ...

Persönliche Chips werden ferngesteuert überwacht werden, ... Wie hätten sich die Vorurteile eines Joe McCarthy, eines J. Edgar Hoovers oder eines ...

10.Aug.2007 Joe McCarthy - Wikipedia Joe McCarthy wuchs in Germantown, Pennsylvania auf. ...

00.000. 1957 wurde Joe McCarthy in die Baseball Hall of Fame gewählt. de.wikipedia.org/wiki/Joe_ McCarthy

Komitee für unamerikanische Aktivitäten - Wikipedia

00.000. 1951 wurde im Senat eine ähnliche Kommission eingerichtet, die hauptsächlich unter dem Einfluss des Senators Joseph McCarthy stand. de.wikipedia.org/wiki/Komitee_für_unamerikanische_Aktivitäten

2004 061924_Report Wissenschaftler haben bereits öffentlich erklärt, sich an die Zeit des berüchtigten Senators Joseph McCarthy erinnert zu fühlen, der in den fünfziger Jahren ... alfatomega.com / 2004 061924_Report.html 10.Aug.2007 http://www.forium.de/girokonten.htm?gclid=CKKhm-6d640CFQQdEgodjDvJtQ

01.Jul .2007 Geldvermögen der Deutschen wächst weiter

10.Aug.2007 Historia de la Teoría de las Relaciones Internacionales-Facultad ...

Dictionary of the history of ideas, disponible en www.etext.lib.virginia.edu .

Hale, Guerra y Sociedad en la Europa del Renacimiento 1450-1620, ed . ... www.salvador.edu.ar/csoc/Cs.Soc.Grado.Mat.Hist.TeoriaRRII.htm

10.Aug.2007 If the GDP is Up, Why is America Down? - 95.10

In a long article in The Washington Post last November, Edward Luttwak, of the Center for Strategic and International Studies, a conservative think tank in ...

hackvan.com/pub/stig/tools-of-exchange/if-the-GDP-is-up-then-why-is-America-down.html

00.000. 2000 Codes from the National Crime and Information Center (NCIC)

Codes from the National Crime and Information Center (NCIC) 2000 standard.

The appinfo for the schemas Boat Color AME BEIGE BLACK BLUE BROWN BRONZE CAM ... www.it.ojp.gov/jxdm/ncic_ 2000 /1.0.1/ncic_ 2000 .xsd

01. Apr. 2001 http://www.cfo.com/printable/article.cfm/2992881/c_3036034?f=options

Captives for Rent

Companies are flocking to rent-a-captive s for risk transfer.

Russ Banham , CFO Magazine

00.000.19 94 D irectory Distributing Associates Inc. (DDA) stopped paying through the nose for workers' compensation insurance.

Fed up with expensive state assigned-risk pools, DDA rented a captive facility instead--and slashed its expenses by half.

"The strategy has driven down our costs and provided more claims control," says Michael Shelton, CFO of the St. Louis­based order-fulfillment company, which currently has 60,000 employees.

"I can finally budget the expense. In the past, I never knew what the next year would bring."

Renting risk transfer may seem off the wall, but it's a proven concept that has kicked around for more than three decades.

With commercial property-and-casualty insurance prices up 5 to 10 percent this year and headed for further increases, many alternative risk- transfer strategies are being dusted off and reconsidered.

Among them is the rent-a-captive .

10.Aug.2007 http://www.cfo.com/printable/article.cfm/2992881/c_3036034?f=options

In Bermuda, the seedbed of the captive movement, segregating cells had been legal but difficult, requiring a private act of Parliament.

New legislation enacted 00.000. 2000 (The Segregated Accounts Companies Act) makes this a walk in the park today, requiring only a simple application process.

This has dramatically increased interest in rent-a- captives.

10.Aug.2007 http://www.cfo.com/printable/article.cfm/2992881/c_3036034?f=options

For example, for policy issuing and tax reasons, Atlas buys insurance from a so-called fronting insurance company.

The fronting carrier (Milwaukee-based Legion Insurance Co.) is theoretically liable for the policy losses, although it cedes this risk entirely to IPC Cos., a Mutual subsidiary.

10.Aug.2007 http://www.cfo.com/printable/article.cfm/2992881/c_3036034?f=options

ATLAS IN THE VANGUARD Atlas Van Lines Inc., a national moving company based in Evansville, Indiana, was an early adherent to rent-a-captive s.

00.000.19 88 -in- "We joined Mutual back simply because we had to get affordable workers' compensation insurance for our truckers, which at the time wasn't available," says Howard E. Parker, CFO of Atlas, which has annual revenues of $550 million.

10.Aug.2007 http://www.cfo.com/printable/article.cfm/2992881/c_3036034?f=options

"If you structure the rent-a-captive program correctly, you can have a real transfer of risk so you have both off- balance-sheet financing and tax deductions," says Kathryn Westover, director of Strategic Risk Solutions Ltd., a Colchester, Vermont-based captive manager and part of the Credit Suisse group of companies.

10.Aug.2007 http://www.cfo.com/printable/article.cfm/2992881/c_3036034?f=options

Captivating Vermont

Spreading from offshore domiciles, rent-a-captive structures have worked their way into the regulatory framework of several U.S. states, including Vermont, Hawaii + South Carolina.

00.000.19 99 Vermont was the first, passing legislation that permits the establishment of "sponsored captives"-- rent-a-captive s that are sponsored by an insurance company, reinsurance company, or captive insurance company. (In offshore domiciles, rent-a-captive s can be owned by any type of organization.)

10.Aug.2007 http://www.cfo.com/printable/article.cfm/2992881/c_3036034?f=options

Five of the eight are mortgage insurance captives, including Triad Re, which is owned by Triad Guaranty, a Winston-Salem, North Carolina­ based mortgage insurer. Triad rents cells in its sponsored captives to mortgage originators seeking to transfer their mortgage risks.

10.Aug.2007 http://www.cfo.com/printable/article.cfm/2992881/c_3036034?f=options

Meanwhile, Hallmark Cards Inc. is the first cell occupant of an employee benefits captive sponsored by John Hancock Mutual Life Insurance Co.

"We're using our cell for the health insurance benefits we provide retirees," explains Richard Heydinger, former director of risk management services at the Kansas City, Missouri-based greeting card manufacturer. (Heydinger retired in January.)

10.Aug.2007 Staff While at Anistics, Mr. Rau was responsible for all of the underwriting decisions for A&A’s rent-a-captive . Much of the business placed in the rent-a-captive ... www.riskactuary.com/staff.htm

10.Aug.2007 The Future Trends in Risk Management and Insurance Worldwide ... - HTML-Version

Rent-a-captive is defined as an existing insurer to insure or reinsure the ... There are five elements that distinguish the rent-a-captive from a ... www.rmst.org.tw/jrm/1201.pdf

The Insurance Crisis for Long Term Care Facilities Sometimes a rent-a-captive will offer a return of underwriting and investment ...

The use of a rent-a-captive is unlikely to address the need for excess ... library.findlaw.com/ 2002 /Mar/12/132537.html

10.Aug.2007 Island Adventures With AIG In effect, a company buying coverage from a rent-a-captive acts as its own ...

But it appears AIG may have turned the rent-a-captive world on its head by ... www.thestreet.com/pf/markets/matthewgoldstein/10215228.html

10.Aug.2007 The Columbia Energy Exception The rent-a-captive represents an evolution of the captive concept and has been in use ... Bermuda is also the leading domicile of rent-a-captive facilities. ...

www.bermudianbusiness.com/ins/i0102i03.html

10.Aug.2007 USRE Risk Alternatives U.S. RE Risk Alternatives’, LLC senior management has formed over 25 rent-a-captive insurance companies worldwide More than 25 years facilitating ... usreriskalt.com/rent.asp

10.Aug.2007 Captive Insurance 101 Rent-a-Captive – is an insurance company providing access to corporations without the need to capitalize their own captive.

The corporation usually has a ... www.albionbvi.com/page3.html

Der Risikobegriff im Wandel: Der Mensch und der Umgang mit Risiko ...

Finite Risk Solutions + Captive/ Rent-a-Captive Lösung stellen auszugsweise Mechanismen dar, die diese Probleme lösen sollen. www.fernuni-hagen.de/PRPH/lehmris.html

10.Aug.2007 An Introduction to Segregated Portfolio Companies A rent-a-captive structure which does not offer legal segregation of accounts, ...

The segregated portfolio rent-a-captive , offers “fire walls” between ... www.hg.org/articles/article_789.html

10.Aug.2007 Bermuda Captive Magazine - Issue Archive Stand-alone vs. rent-a-captive : The Segregated Accounts Companies Act 2000 , ...

Accordingly, for smaller hospitals, participation in a rent-a-captive may ... www.bermudacaptivemagazine.com/05/article7.html

10.Aug.2007 J & H Marsh & McLennan Management (Guernsey) Ltd - Guernsey - New ...

Unlike the association and group captives, the rent-a-captive programme is designed to transfer no or minimal risk to the rent-a-captive vehicle itself. www.mondaq.com/article.asp?articleid=4445&lastestnews=1

10.Aug.2007 Captive Insurance Consulting and Management In some cases, groups of accounts may pool their risk in a rent-a-captive .

Members of the group share risk with one another, but not with other programs or ... www.aon.com/us/busi/risk_management/alt_risk_financing/captives.jsp

10.Aug.2007 :: RiskNET - The Risk Management Network - Risikomanagement ... Eigenversicherungslösungen wie Rent-a-Captive , Captive oder strukturierte ...

Detaillierte Informationen finden Sie in dem Fact Sheet Rent-a-Captive . p12015.typo3server.info/Zurich_Continental_ Europe_Corporate_Center_of_Exce.53.0.html

10.Aug.2007 1999 Conference Highlights: Rent-a-Captive s and Segregated Cell ... The best time to set up or join a rent-a-captive may be in a soft market, ...

A rent-a-captive , or segregated cell facility, is a captive that is shared by ... www.ambest.com/conferences/miami/sessions/11_16a.html

10.Aug.2007 Meet the Flockers - HTML-Version

moved its existing rent-a-captive . from Bermuda to Vermont. Why a. rent-a-captive ? “There’s been. demand over the last couple of years ... www.vermontcaptive.com/FileLib/flockers.pdf

10.Aug .2007 Rent-A-Captive s For corporate customers who do not have their own captive, a rent-a-captive arrangement is an option. The Rent-a-Captive concept is a risk financing tool ...

https://www.zurichcanada.com/zc/webdocs.nsf/LinkLookup/LINK_98A7F08A767E97E585256E 2000 520B19?OpenDocument

10.Aug.2007 BERMUDA BULLETIN BERMUDA MARKET INFORMATION ASL UPDATE For further ... - HTML-Version

ASL Now Manages 2 of the World’s Top 10 Rent-A-Captive . Facilities ... ASL’s Magna Carta Life Rent-A-Captive facility has now been ... www.natlantic.com/downloads/asl105.pdf

10.Aug.2007 Intercorp Inc. Insurance Program Managers - A Brief Primer of ... The Rent-A-Captive is authorized to write reinsurance and may be able to write ... We suggest that you consider a “segregated cell” type Rent-A-Captive that ... www.intercorpinc.net/funding/altfundingterms.asp

10.Aug.2007 LABUAN - HTML-Version

Rent-a-captive - must have a person. based in Labuan who is responsible to ... d. rent-a-captive - to furnish list of. clients to LOFSA as at 31 ... www.mir.com.my/lb/budget 2003 /pdf/labuan.pdf

Summit gives brokers insights into consultative services Rough ... Stevens ran through some numbers as to how the rent-a-captive revenues are divided among the loss fund and the expenses for fronting, taxes, commissions, ...findarticles.com/p/articles/mi_qa3615/is_ 2000 05/ai_n8883020/pg_10

Captives for Rent - renting risk transfer CFO: Magazine for Senior ... As far as tax deductibility is concerned, " rent-a-captive is a safer bet than ... Not all rent-a-captive strategies would pass muster taxwise if challenged. ... findarticles.com/p/articles/mi_m3870/is_4_17/ai_73848837/pg_3

10.Aug.2007 Captive and Group Captive Insurance Programs by Garnet Captive A rent-a-captive (or rental captive) is a captive formed by an independent, third party.

The third party then allows employers to use a portion of the ... www.garnetcaptive.com/captives/cap_rent.html

10.Aug.2007 Insurance News Releases “ There is a heightened concern among companies to protect the assets in their rent-a-captive account,” said Scott R. Goodby, chief operating officer and ...

10.Aug.2007 Captives: Why Own When You Can Rent? - HTML-Version

establishing a captive or rent-a-captive , there ... and the rent-a-captive issues a policy directly ... small for their own rent-a-captive to realize ...

10.Aug.2007 http://www.business-podium.com/boards/firmengruendung-offshore/80-protected-cell-companies-grundlagen-aufbau-nutzen-und-vorteile.html

Last but not least bieten PCC-Lösungen auch ausgezeichnete Möglichkeiten, unterschiedliche Beteiligungen beispielsweise an Geschäftsflugzeugen und/oder Yachten/Schiffen optimal zu gestalten - im Hinblick auf die anspruchsvollen behördlichen Voraussetzungen zur Eintragung entsprechender Besitzverhältnisse eine valable Alternative zu kostspieligen und schwerfälligen "normalen" Firmenlösungen mit unterschiedlichen Aktienwerten/-klassen www.creatrustconsult.com

10.Aug.2007 http://www.business-podium.com/boards/firmengruendung-offshore/80-protected-cell-companies-grundlagen-aufbau-nutzen-und-vorteile.html

Auch im Falle von Uebernahmen (Mergers and Acquisitions) kann die Einrichtung einer PCC/Series LLC-Lösung Vorteile hinsichtlich der teilweise erheblichen Kosten bieten - Zusammenschlüsse von Gesellschaften unterschiedlicher Grösse können via separate "Zellen" optimal gestaltet und den jeweiligen Inhabern (= Einbringern der entsprechenden Werte) die ihnen zustehenden Stimmrechte übertragen werden

10.Aug.2007 http://www.business-podium.com/boards/firmengruendung-offshore/80-protected-cell-companies-grundlagen-aufbau-nutzen-und-vorteile.html

1 + 1 + 1 = 3+

10.Aug.2007 http://www.business-podium.com/boards/firmengruendung-offshore/80-protected-cell-companies-grundlagen-aufbau-nutzen-und-vorteile.html

Durch die professionelle Gestaltung des einen notwendigen Operating Agreements können Verantwortlichkeiten von den Members (= Aktionären) auf Manager übertragen und so Verantwortlichkeitsansprüche erfolgreich abgewehrt werden

10.Aug.2007 http://www.business-podium.com/boards/firmengruendung-offshore/80-protected-cell-companies-grundlagen-aufbau-nutzen-und-vorteile.html

Für Inhaber verschiedener geschäftlicher Interessen kann die Verlagerung von Vermögenswerten in Firmen nicht primär von steuerlichem Interesse sein, sondern im Hinblick auf die zunehmende Gefahr der Haftung für Aktivitäten von Gesellschaften, an denen Beteiligungsverhältnisse offensichtlich sind, von existentieller Bedeutung sein/werden - man denke an den Besitzer einer Tankstelle (Explosionsgefahr/Umweltschäden), der gleichzeitig als Ergebnis seiner erfolgreichen Aktivitäten einige Miethäuser besitzt... ein willkommenes "Ziel von Attacken"

10.Aug.2007 http://www.business-podium.com/boards/firmengruendung-offshore/80-protected-cell-companies-grundlagen-aufbau-nutzen-und-vorteile.html

Ogier finance partner, Michael Lombardi commented that:

“The new Incorporated Cell Company provides transaction sponsors and arrangers with a wider range of cost effective structuring options than is currently available elsewhere. It is anticipated that Incorporated Cell Companies will be used for a variety of applications in medium term note programmes, multi-series asset backed securities issues, umbrella investment funds and structured equity products.”

10.Aug.2007 http://www.business-podium.com/boards/firmengruendung-offshore/80-protected-cell-companies-grundlagen-aufbau-nutzen-und-vorteile.html

die neue ICC-gesetzgebung auf jersey - sie entspricht im wesentlichen den pcc-regulatorien (protected cell structures) in common law jurisdictions wie beispielsweise anguilla - hat nun offensichtlich bei der französischen bankengruppe société générale anklang gefunden:

10.Aug.2007 http://www.business-podium.com/boards/firmengruendung-offshore/80-protected-cell-companies-grundlagen-aufbau-nutzen-und-vorteile.html

Fazit

Intense competition among traditionally known "offshore" jurisdictions and "onshore" players, such as various States of the United States of America, have caused a visible trend on increasing innovation in the creation and evolution of legal structures, all with the aim of providing better and cost-effective financial services to the international markets. The Protected Cell Company, a multi-use corporate structure, constitutes a clear reflection of this legal-financial engineering dynamic phenomenon, whose success in the marketplace remains on challenge. www.creatrustconsult.com Geändert von ffbkdavid (03.11. 2006 um 14:07 Uhr).

10.Aug.2007 http://www.business-podium.com/boards/firmengruendung-offshore/80-protected-cell-companies-grundlagen-aufbau-nutzen-und-vorteile.html

Obviously, the transaction documentation must clearly set forth the rights and obligations of the parties, including the ones of each protected-segregated cellxxxiii

10.Aug.2007 http://www.business-podium.com/boards/firmengruendung-offshore/80-protected-cell-companies-grundlagen-aufbau-nutzen-und-vorteile.html

Other jurisdictions, such as Brazilxxiv, Paraguayxxv, Peruxxvi, and Ecuadorxxvii have followed the trend and adopted -either by law or regulation- similar versions of securitization companies, all of which have brought remarkable progress and innovations to the Latin American asset-backed securities markets. Lastly, with the aim of bringing securitization "onshore" the United States , the National Association of Insurance Commissioners' Insurance Securitization Working Group focused in the adoption of a model law on "special-purpose vehicles"xxviii and on February 6, 2001 agreed -in principle- to such model actxxix, which would facilitate setting up securitization special purpose entities within the USA . This trend shows the increasing and strong competition among jurisdictions to provide the best vehicles to generate structured finance businessxxx.

10.Aug.2007 http://www.business-podium.com/boards/firmengruendung-offshore/80-protected-cell-companies-grundlagen-aufbau-nutzen-und-vorteile.html

the Italian securitization company has as precedent the "sociedad securitizadora" (securitization corporation), which originated in Chile by means of Law 19,301 of 1994 (which amended the Securities Markets Laws)xxii. The PCC concept resembles the Chilean sociedad securitizadora in the sense that it also provides for the segregation of assets, which back the different issued securities. Under Chilean law, the sociedad securitizadora is deemed a special corporation ("anónima especial") whose sole purpose is the acquisition of credits (as defined by law) and rights over cash flows + the issuance of debt securities (short or long term instruments);

10.Aug.2007 http://www.business-podium.com/boards/firmengruendung-offshore/80-protected-cell-companies-grundlagen-aufbau-nutzen-und-vorteile.html

It has been reported the introduction of single cell/class fund concepts into Italian company law, "which are at odds with the pari passu principle which treats debtors equally on insolvency"xxi. Law No. 130 of April 30, 1999, approved by the Italian Parliament, provides for the creation of "securitization companies", pursuant to which the receivables assigned to such entities are segregated from other assets of the securitization company and may only be attached by holders of the securitization securities pertaining to those receivables.

10.Aug.2007 http://www.business-podium.com/boards/firmengruendung-offshore/80-protected-cell-companies-grundlagen-aufbau-nutzen-und-vorteile.html

Securitization of catastrophe risk have taken several forms, which include among the principal ones "contingent surplus notes", catastrophe or "Act of God" bonds (CAT Bonds), CatEPuts + exchange-traded catastrophe optionsxv. In terms of regulatory developments for these purposes, various States in the United States of America have adopted the PCC concept, looking for ways to generate insurance risks securitization business "onshore". In this regard, for example, sponsored by the National Association of Insurance Commissioners (NAIC) -which approved a model law-, Illinois adopted the Protected Cell Company Law (amending its Insurance Code)xvi, which purpose is the creation of "more efficiency in conducting insurance securitization, to allow domestic companies easier access to alternative sources of capital + to promote the benefits of insurance securitization generally"xvii. Rhode Island copied the strategy by means of The Protected Cell Companies Act (Chapters 27-64 of Title 27 Insurance of its Code)xviii + Vermont followed the trend with the concept of the "Sponsored Captive Insurance Company", which is defined in such law as any captive insurance company that segregates each participant's liability through one or more protected cellsxix. Lastly, South Carolina joined also the clubxx.

Protected Cell Companies and Securitization Corporations: Twin Conduits

10.Aug.2007 http://www.business-podium.com/boards/firmengruendung-offshore/80-protected-cell-companies-grundlagen-aufbau-nutzen-und-vorteile.html

10.Aug.2007 - 00.000.19 97 - Since its inception t-his entity have evolved from being an alternative to the rent-a-captive scheme and an investment fund vehicle to become a suitable conduit for insurance risk management.

10.Aug.2007 http://www.business-podium.com/boards/firmengruendung-offshore/80-protected-cell-companies-grundlagen-aufbau-nutzen-und-vorteile.html

Based on the aforementioned, a PCC may be defined thus as:

A corporation whose patrimony is composed of assets contained in structurally separate parts named "cells" [cellular assets], which are legally and functionally separate, distinct and independent among each other + of assets not constituting "cells" [non-cellular assets], also structurally and legally independent, that has as main legal characteristic the fact that the portion of capital designated to a specific cell is neither liable for the general obligations, commitments or liabilities of the corporation nor for the specific liabilities of the other cells.

It is possible to extract the main characteristics of these entities from the above, as follows:

a) Legal Entity: the PCC has its own juridical personality, thus is capable of owning rights and assuming obligations on its own. The "cells", although being separate individual patrimonies, do not constitute separate entities themselves;

b) "Cellular" Patrimonies: the patrimony of the entity is divided in different "protected cells", which allows segregation of funds, thus enabling ring-fencing among the distinct cells and the core patrimony;

c) "Core" Patrimony: a portion of the PCC's patrimony is composed of general assets ("non-cellular" assets), which are separate and distinct from each of the assets composing the protected cells, creating what is commonly known as the "core cell";

d) Segregation of Assets and Liabilities: the assets allocated to each specific cell may only be liable for liabilities incurred by such cell and thus should not be attached by creditors of the other company's cells. The liabilities unrelated to a specific cell are covered by the non-cellular assets or the core cell. The core assets respond -on subsidiary grounds- once the specific cellular assets are depleted.

In summary, a PCC -structurally speaking- involves a core capital, cellular capital, cellular assets and liabilities + core assets and liabilities. The ring-fencing rules are also applicable to any liquidator or receiver of the entity. Thus the insolvency of a cell should not affect the business of the whole entity or the performance of the other cells.

For each business, activity or agreement contracted, the PCC must disclose which cell is contracting or if the entity is committing its core assets or both, core and specific cell assets. The PCC must have a name and each and every cell must also be clearly identified in the formation documents of the entity. Once formed, these entities may issue shares ("cellular" or "non-cellular" shares, depending on whether they represent an equity interest in a specific cell or in the core assets) or other types of securities. The entity must keep accounting books showing the corresponding patrimonial divisions among the segregated cells and the core cell within the entity.

The Protected Cell Company: a new form of investment fund

10.Aug.2007 http://www.business-podium.com/boards/firmengruendung-offshore/80-protected-cell-companies-grundlagen-aufbau-nutzen-und-vorteile.html

No asset protection is provided for the participants of a rent-a-captive program on an individual basis. In order to circumvent such patrimonial risk-fencing deficiency the insurance industry developed the concept of the PCC.

10.Aug.2007 http://www.business-podium.com/boards/firmengruendung-offshore/80-protected-cell-companies-grundlagen-aufbau-nutzen-und-vorteile.html

In cases in which a company is not financially capable to self-insure itself it may still obtain self-coverage through the use of a " rent-a-captive " scheme. In this case, such company would share the services of a captive with other companies of relatively similar size, by "renting" part of the capital of the rented captive. Unrelated companies would use then the same captive to insure their risks. The patrimony of the captive would thus cover the underwritten risks of the sponsoring entities in the case a triggering event occurs, as described in the respective 