I love deserts. The Arizona desert is especially beautiful even as it has a festive assortment of plants and critters that stab and bite. Deserts are filled with life, you just have to look for it.
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Earlier this month, Judge Rakoff indicated that he had problems with the proposed settlement between the SEC and Citigroup arising from the sale of $1 billion of toxic mortgage debt. Today he followed through, rejecting the proposed settlement and ordered a trial. In a written opinion, Manhattan federal court judge Jed Rakoff said the proposed settlement was [...] The banksters and Fed are of course gobsmacked by what happened asying, who could have predicted it? 3 big reasons the Fed got it wrong Misunderstanding of the housing boom A lack of analysis of the rapid growth of new forms of mortgage finance Insufficient weight given to the powerful adverse feedback loops between [...] Their attempt to pretend the Obama Administration and DHS weren’t behind the concerted nationwide crackdown on Occupy is silly at best. Their implied logic apparently is, only Republicans do that sort of thing so to say Democrats would do it too is just wrong. And besides, we must vote for them anyway. The shocking truth [...] Long-time leftie Marc Cooper on Occupy. Letting this movement descend into a prolonged cat and mouse battle over physical space, tents and parks would be tragic. The fight for physical space is not only unsustainable, it is also politically insufficient and ineffective. OWS must look outward. It must build real coalitions. The coalitions need [...] The eurozone really has only days to avoid collapse Germany, France examine radical push for eurozone integration World’s largest inter-dealer broker (one that carries out transactions for financial institutions rather than private individuals), now testing trades in drachma against dollar, euro Bank of France: Europe in “true financial crisis“ [A] judge ruled that a state law committing California to save the [inland Salton Sea] no matter the cost set an unacceptable precedent for the government to pledge money to other projects it couldn’t afford. An appeals court will decide whether to overturn the law, which could directly impact California’s use of Colorado River water [...] Zero Hedge makes the case Further, from the numerous conflations and generalizations in the paragraphs above that allow, for among other things, payments to non-US affiliates, it is possible that the looting of MF Global customer funds continues to this day. We wonder if this is why the MF Global trustee continually revises upwards [...] Minnesota utilities are considering using Mesabi open pit mines to as a way to store excess energy created by wind farms. Arizona Daily Star Jaguars were thought to be virtually extinct in the US but a highly experienced hunter and guide treed and photographed one before it escaped. “All my dogs took a pretty good beating. They had puncture wounds. … I got to see it in real life, and I’m glad, but I hope [...] |  | ||||
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