It’s beginning to sound a lot like Madoff

As the investigators dug deeper into Stanford’s operations, they faced roadblocks. They were told by bank employees that they didn’t have jurisdiction to access records of the bank and couldn’t see relevant documents, according to court records.

Madoff also refused to give records to any outsider or even to most employees. And for good [...]

Utility-scale floating offshore wind planned for Portugal

Principle Power is planning tests of their new floating platforms for wind turbines. If successful, they will go utility-scale.

If this works, then imagine the immense amounts of renewable energy that could be generated in oceans all over the planet.

Treehugger has more

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Landlords from Hell

Palo Alto landlords Kip Macy and Nicole Macy wanted to raise rents so they tried to force their tenants out by what can only be called terrorist tactics.

The Macys, in lieu of going through an eviction process, cut support beams, shutoff electricity, pulled phone lines, had workers saw a hole in the living room [...]

Memo to Ms. Allred: Shopping is more fun than charity

Yeah, yeah, the deal is sweet. Round-the-clock care by a staff of nosey nurses dictating terms. Famous lady lawyers talking big like they’re personally gonna take your children away if you don’t shape up. Right. You want Gloria Allred running your life?

No way. Suleman’s got her Celebrity Sunglasses on…

She’s shopping for her [...]

Madoff, Stanford, and the complete absence of governmental oversight

Madoff bought no securities for at least 13 years, yet no regulator had a clue.

Stanford broker fired for asking questions. The SEC knew about this, and multiple other Stanford complaints too, and of course did nothing. Just like they did with Madoff.

If these Ponzi schemes had happened in a Third World country [...]

Further on that “is-the-bank-the-government-or-the-government-the-bank?” topic

Jobless hit with bank fees on benefits More pain for unemployed as banks turn profit on new debit card jobless benefits

Crambe. Highly promising biofuel source

Crambe is drought-tolerant non-edible plant, that is easy and cheap to grow. Its seeds can be used to produce “biofuels that are virtually identical to petroleum fuels.”

Let’s hope crambe and other biofuel sources like algae quickly replace corn as a biofuel source.

The federal debt, drug money, and KRS-One

Ok, it’s getting really bizarre out there.

Business Insider asks “How much of the federal debt is financed with drug money?” then answers by posting a video of KRS-One doing “Illegal Money” from 1990. “Cocaine business controls America” indeed.

More:

UN. Drug money used to keep ailing banks afloat

Allen Stanford linked to [...]

There’s some nervous tax evaders in the US tonight

UBS, the biggest bank in Switzerland, will divulge names of tax evaders to the US, part of a settlement that includes a $780 million fine for them helping clients avoid paying taxes.

All of which is further proof, if any be needed, that the entire system of international banking and investment appears to be seriously [...]

Allen Stanford found. Surrenders passport

He told the feds “he would not flee” and is apparently “very depressed.”

Boo hoo hoo.

Why has he not been arrested? Why would anyone believe a word he says?