Bloomberg sues ECB to force disclosure on Greece swaps

Bloomberg News filed a lawsuit against the European Central Bank, seeking to make it disclose documents showing how Greece used derivatives to hide its fiscal deficit and helped trigger the region’s sovereign debt crisis.

Bloomberg has been doing an exemplary job in exposing the financial fraud, corruption, evasion, and deceit. Good.

California lawmakers say good bye to the Governator

Among the gifts they said Schwarzenegger gave in their “Big Five” negotiations were “eight accounting gimmicks,” “five bucks for schools,” “three furlough Fridays,” and “two vetoed bills.”

As well as “six unions screaming” and “four smoke and mirrors”! Heh.

Wikileaks. The target may be Bank of America

Assange also confirmed that WikiLeaks was holding a vast amount of material about Bank of America which it intends to release early next year.

“We don’t want the bank to suffer unless it’s called for,” Assange told The Times. “But if its management is operating in a responsive way there will be resignations,” he said, [...]

The Freeway Blogger is bike-sailing across America

The Freeway Blogger has “put up over 4,000 signs against the war on the freeways of California and the western United States.” I did a video interview with him in June, 2008.

Now he’s experimenting with smaller, foldable sails on his bicycle – and eyeing that “easily breakable” 64 day coast-to-coast bikesailing record.

Bike [...]

Robot Rock by Daft Punk. Christmas Lights

EPA wants 15% ethanol gas even though harmful to engines

The EPA has now proposed that all gas contain 15%. They want the subsidies for ethanol to be expanded. Along the way they are going to shorten the life of all the engines we use. Progress? Stupidity??

When ethanol content gets about 10% it apparently can damage engines. Car and engine makers are challenging [...]

FCC Net Neutrality decision

BoldProgressives.org has their panties in a twist (via their listserv)

BREAKING: Minutes ago, the FCC passed new rules — written by corporations — that will end Net Neutrality. For the first time in history, the U.S. government approved corporate censorship of the Internet, putting the future of online free speech at risk. Unbelievably, the person [...]

Ernst and Young to be circling the drain over Lehman?

Taibbi thinks so. More at Zero Hedge. But really, we need criminal indictments, not just civil lawsuits where those responsible still walk away with millions.

How the Grinch stole California

So, what happened? California used to be the promised land, the place everyone else seemingly wanted to move to, especially during the Rose Bowl Parade when it was freezing back East and sunny in SoCal. You could almost hear families saying, ‘let’s move where it’s warm and the economy is booming.’ But that was [...]

Britain: Has the Loop Current stopped?

The Loop Current which gives Britain a moderate climate has stopped, says a noted scientist with years of experience in analyzing it. If so, the ramifications are staggering. The current weather in Britain is the coldest in 100 years. Is this a one-time anomaly or a precursor of things to come?

He believes the [...]