Friday, December 13, 2013

Fri Dec 13, 2013 with the 113th- Reactions for the Right Reason

What ya say that date was Duke?

Wow, that looks like a troubled date Fri Dec.13th, 2013, with the 113th Congress. Wonder if back in the day if someone thought about that date and what the newsreels would read? Like two stage coach divers laughing about that date thinking of the future while on the dusty trail, "Son, I wouldn't  want to be there."

Interesting day, reactions for the right reasons.

In Syria's contested northern city of Aleppo, soldiers and rebels took a break from fighting as a thick layer of snow blanketed deserted streets, cars and buildings and temperatures hovered around zero.  Jerusalem made the weather history books today, cold temperatures and heavy snow date back to 1954 and this day slowed the war, nature rules the day.  These warriors have something very much in common now, their cold.  Funny how we're the same, the war must not be too important if you stop just because of some weather.  

The European Parliament has put forward a new mechanism to deal with bank failures in which major depositors in collapsing banks are tapped first in an effort to support the lender.  Deposits below 100,000 euros ($137,700) will be exempt from any losses, and bigger deposits from individuals and small businesses will receive preferential treatment, a haircut just like Cyprus, wonder if there will be a run on the banks?  Ireland is readying itself to exit the IMF/EU bailout program on Sunday, making it the first country to do so.  It ends three years of relying on the financial ‘safety net’ of the European rescue program.  "Wonder if Ireland becomes a safe haven till this blows over, you know like Sweden."

This is the biggest penalty for a financial scandal in Iceland's history.  Four bosses of Iceland's failed Kaupthing Bank face prison terms (this is a first) of between three and five years and must pay millions of pounds in legal costs. They were convicted of fraud ahead of the collapse of the country's biggest bank in October 2008.  Yeah, Max, you got a handle on this?

Russia’s Central Bank (CBR) has revoked the licenses of three mid-sized banks on Friday, which brings the total to 30 lenders that have been closed down under the CBR crusade against dubious lenders since the start of the year.

The disgraced uncle of North Korean leader Kim Jong-un - Jang Song-thaek - has been executed, the country’s state media reports. This comes after the second most powerful man in North Korea was dismissed for committing "criminal acts."

Official KCNA news agency said on Friday that Jang Song-thaek was guilty of “attempting to overthrow the state.” His death sentence by a military tribunal on December 12 was carried out immediately, it added.  (Wow, now that's some history)

Senior National Security Agency officials in the United States say they considered making a deal with former contractor Edward Snowden that would give amnesty to the leaker charged with espionage if he stops disclosing secret documents.

Following 3 years of negotiations, five US regulators have approved the Volcker rule, which seeks to protect American taxpayers from the losses of ‘too big to fail’ banks.  The rule was approved Tuesday by five financial institutions despite dissent from the Commodity Futures Trading Commission and the Securities and Exchange Commission, the Financial Times reports.

Once again, the ACA dominated PolitiFact’s fact-checking efforts. This is the fourth time in the past five years that a quote related to the law has won Lie of the Year, and the website’s Reader’s Poll results were no exception. Fifty-nine percent agreed that Obama’s statement took the top prize, but the next three runner-ups were from the law's opponents.

Wow, that just happened, for the right reasons and this will sum up some other days.  

Happy Fri Dec. 13th of 2013, 113th Congress.


Dan Adams

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