Friday, August 30, 2013

Other global headlines. The USA attack on Syria is nowhere.

NEW YORK (AP) A U.S. appeals court (click here) has upheld the conviction of a Cuban-born philanthropist convicted of a multimillion-dollar fraud.

Alberto Vilar has been wearing an electronic bracelet since the 2nd U.S. Circuit Court of Appeals ordered him freed on bail last year pending appeal.

The appeals court on Friday upheld his conviction. But it ordered a resentencing so the judge can reconsider how much money was lost. The amount lost affects how much time Vilar and his co-defendant Gary Alan Tanaka must spend in prison.

Vilar was convicted in November 2008 and sentenced to nine years in prison. Tanaka was sentenced to five years in prison.

The opera-loving Vilar was estimated to be worth nearly a billion dollars at one time and gave generously to music companies.

Sounds like fun to me. These are the concerns of the USA allies in the Southern Hemisphere.

Tribute to nights of hedonism brings the past back to life (click here)
August 31, 2013
It became known as Sydney's party to end all parties. Newspaper reports called it an ''orgy of drunkenness'', breathlessly reporting shocking scenes of canoodling couples, all-in brawls and wanton vandalism.
''Once a howling mob found a ladder and tried to climb up to the windows,'' a scandalised Martin Carrick, from the lord mayor's office, told reporters.
''But we caught them,'' he added, grimly....

Rudd was the last Prime Minister to be effected by the Wall Street Global Economic Collapse. He was elected in 2007 which was the beginnings of the obvious.

Gillard carried the worst of it.

Australia's military is about 1.7% of its GDP. It is ranked 13th out of 15th in spending only to be followed by Canada and Turkey.

Of course, the USA ranks first in spending at $682 billion and 4.4% of GDP. The only other nation that has 4.4% GDP from the military is Russia, but, spends only 90.7 billion. That is a complete embarassment to the USA. Seven and a half time the spending of Russia. But, alas we only spend four times more than China which derives about 2 percent of its GDP from the military. The USA spending on it's military is the total of all of the countries in the top fifteen besides itself except for Australia, Canada and Turkey.

It takes 12 other countries spending to match that of the USA. I do believe it creates a monster and not that of a benevolent country.

August 31, 2013
Tom Allard

The Gillard government (click here) oversaw the smallest increase in cost of living of any Australian government for at least 25 years despite the introduction of the carbon tax, a new study has found.
Moreover, Australian households have seen real incomes - disposable income minus cost of living increases - rise 15 per cent since just after Labor took office, giving the average household a $5324 a year boost, or $102 a week.
The results of the survey by the University of Canberra's national centre for social and economic modelling go much of the way to answering the question Opposition Leader Tony Abbott has asked repeatedly throughout the election campaign: ''Are we better off than we were six years ago?''...