20 May 2012

Facebook sued for $15 billion over subscriber tracking

Facebook users in California have filed a lawsuit against the social network seeking damages for invasion of their privacy and improper tracking. The suit consolidates 21 related cases filed in more than a dozen states in 2011 and early 2012 alleging that Facebook tracked internet use of its members even after they logged out of their accounts. Lawyers in the suit seek up to USD 10,000 for each Facebook user, or more than $15 billion. Source

Space Bro Obama DEBTEVADER with his Genuine 100 Proof Growth Elixir - Banzai7

The Mortgage Crisis Hits France Front And Center: Are French Bank Nationalizations Imminent?

Tyler Durden's picture

Name the plunging bond below:
If you said some sovereign or corporate issue based out of Spain, Italy, Ireland, Portugal, or even Greece you would be close... but no cigar. No - the bond in question is an issue of Caisse Centrale du Credit Immobilier de France (3CIF), which together with its sister entity CIF Euromortgage (CIFE), is  a 100% subsidiary of Credit Immobilier de France Development (CIFD), which as Fitch describes it, is a French "housing loans specialist, with business exclusively directed to France." CIFD is in turn owned by Procivis Group, which just happens to be France's second largest full-service real estate group.

EXLUSIVE: EURO BANKNOTES UPDATE: Berlin printing new Euronotes (X) en masse, ECB withdrawing Greek notes (Y)

Slog’s Brussels mole clears up the riddle

“must mean Greek euroexit now seen as near-certainty”
Following this morning’s Slogpost about the dearth of Greek-origin euronotes (Y) and the torrent of new German versions (X) across the EU at the moment, I have been in contact with my regular Brussels informant. Since appearing, the piece that went up this morning has evoked a mass of emails to my Slog address, all of which have enabled further quantification of the fact that German notes are dominating supplies at the minute, while Greek versions are disappearing fast.
The Commission mole has ‘confirmed’ that the process is designed to ensure minimal numbers of ‘Y’ designated Greek notes are in circulation, in order to reduce refusal to accept them outside Greece to a bare minimum “as and when the Greeks exit the eurozone”.
I suggested that surely he meant “if and when”. After a brief silence, he added, “I doubt if the ECB and Berlin would’ve gone to these lengths if they didn’t feel that an exit is inevitable”.

John Embry And James Turk On Why The Gold Bull Market Isn't Over

This video was shot Friday 18 May 2012 in Jersey, Channel Islands. James Turk and John Embry discuss recent volatility and panic in the gold and silver markets. According to John Embry markets are now highly oversold. He mentions the "leap day slaughter" and the counterintuitive situation in which gold and silver prices went down on the backdrop of negative economic news and money printing. Natural selling followed forced selling.

Judge Katherine Forrest is a Modern American Hero

by Azizonomics:
Sometimes, the greatest deeds are done by those who are just doing their jobs, like Judge Katherine Forrest who last week struck down the indefinite detention provision (§1021) of the National Defense Authorization Act (NDAA).
It would be all too easy in this age of ever-encroaching authoritarianism in America for a judge ruling on a matter like this to just go with the government line and throw water over the plaintiffs. After all, telling truth to power has consequences. Forrest was appointed by Obama, but after this ruling one wonders whether she is about to meet a career dead-end. Power — especially narcissistic power — does not like being told uncomfortable truths.
Everything about this case is shameful; it should be obvious to anyone who can read the Constitution that indefinite detention without trial (just like assassination without trial — something else that Obama and his goons have no problem practicing and defending) is hideously and cruelly unconstitutional. It defecates upon both the words and the spirit of the document.

Video: Strong earthquake strikes northern Italy

A 6.0-magnitude earthquake has hit northern Italy, reportedly killing at least six people and injuring 50 others. The quake struck some 36 km northwest of the city of Bologna and was followed by a powerful aftershock. Local officials say one man died in the locality of Bordeno when a warehouse collapsed during the quake. Two others were killed in a cave-in at a ceramics factory in Sant'Agostino di Ferrara. Two women have also died of heart attacks, triggered by shock during the earthquake report Italian authorities. Source

Alasdair Macleod: All Roads In Europe Lead To Gold

Submitted by Chris Martenson
Alasdair Macleod: All Roads In Europe Lead To Gold
This week we bring back Alasdair Macleod, publisher of Finance and economics.org, because, as he puts it "every horror that we discussed last time we spoke is coming about". Especially scary since our previous conversation with him was less than three weeks ago...
Today's interview continues building on his excellent synopsis from last month that detailed the origins of the Eurozone crisis. The fundamental shortcomings warned of at the Euro's creation in 1997, combined with the excessive sovereign debts run up since then, have finally expressed themselves at a scale too large to be contained any longer.
Today, Alasdair details in-depth the huge and serious challenges facing Greece and the major Eurozone countries, and the likely impacts of the fast-dwindling options left remaining.
He sees no happy ending to this story, no outcome in which serious pain and permanent behavior change can be avoided. And for those looking for shelter from the unfolding economic storm, he sees few options besides the precious metals (which he believes are severely under priced at the moment):

Apocolips NOW! Gerald Celente - The Gary Null Show

Inflation or deflation? - On the Edge with Max Keiser and Gregor MacDonald

Max interviews Gregor MacDonald from gregor.us. He talks about the hot inflation and cold inflation and their difference in regards to people's purchasing power. Gregor MacDonald has spent this decade researching and investing in the energy sector. While his focus remains on global fossil fuel supply, he has developed several models for transition to the Grid, as the world migrates from autos to public transport. Source