Monday, August 23, 2010
Animated unemployment map
The facial recognition software that will put a name to every photograph in the internet
A software company is developing revolutionary software which provides the ability to identify people from photographs posted on the internet.
Face.com has produced technology that can identify individuals on social networking sites and online galleries by comparing their image against a known picture of them.
It means detailed profiles of individuals can be built up purely from online photographs and critics have said it could lead to exploitation by employers.
Privacy concerns: Face.com has made software available that can identify people from photographs on the internet through facial recognition technology (file picture)
The software works be creating an algorithim of the face - a measurement of the arrangement of features including the eyes, nose and mouth.
The company says it is 90 per cent accurate when scanning typical images which appear on social networking sites.
Face.com has previously limited the availability of the software over concerns about invasion of privacy.
But it has now released the Photo Finder software to developers building applications allowing people to search for anyone on the internet.
Gil Hirsch, chief executive of Face.com, told The Sunday Times: 'We have launched a service that allows developers to take our facial recognition technology and apply it immediately to their own applications.
'The technology is already being used by 5,000 developers. You can basically search for people in any photo.
'You could search for family members on Flickr, in newspapers, or in videos on YouTube - but it would take a lot of processing power.'
The use of facial detection technology has only been used by the UK Border Agency.
Google has a tool - Picasa - which allows users to organise their photos by tagging matching faces and Facebook uses Photo Finder.
Supporters of the software, including the Red Cross, have said it could be used to track people lost in humanitarian disasters.
But there are strong concerns over the accuracy of the technology and its impact on privacy.
Simon Davies, director of Privacy International, said: 'I think this will make many people very uneasy.
'The regulators have been hugely behind the curve of protecting people's privacy on the internet. We need to push for much tighter international rules.'
Without a Revolution Americans Are History
The United States is running out of time to get its budget and trade deficits under control. Despite the urgency of the situation, 2010 has been wasted in hype about a non-existent recovery. As recently as August 2 Treasury Secretary Timothy F. Geithner penned a New York Times Column, Welcome to the Recovery.
As John Williams (shadowstats.com) has made clear on many occasions, an appearance of recovery was created by over-counting employment and undercounting inflation. Warnings by Williams, Gerald Celente, and myself have gone unheeded, but our warnings recently had echoes from Boston University professor Laurence Kotlikoff and from David Stockman, who excoriated the Republican Party for becoming big-spending Democrats.
It is encouraging to see a bit of realization that, this time, Washington cannot spend the economy out of recession. The deficits are already too large for the dollar to survive as reserve currency, and deficit spending cannot put Americans back to work in jobs that have been moved offshore.
However, the solutions offered by those who are beginning to recognize that there is a problem are discouraging. Kotlikoff thinks the solution is massive Social Security and Medicare cuts or massive tax increases or hyperinflation to destroy the massive debts.
Perhaps economists lack imagination, or perhaps they don抰 want to be cut off from Wall Street and corporate subsidies, but Social Security and Medicare are insufficient at their present levels, especially considering the erosion of private pensions by the dot com, derivative and real estate bubbles. Cuts in Social Security and Medicare, for which people have paid 15% of their earnings all their life, would result in starvation and deaths from curable diseases.
Tax increases make even less sense. It is widely acknowledged that the majority of households cannot survive on one job. Both husband and wife work and often one of the partners has two jobs in order to make ends meet. Raising taxes makes it harder to make ends meet梩hus more foreclosures, more food stamps, more homelessness. What kind of economist or humane person thinks this is a solution?
Ah, but we will tax the rich. The usual idiocy. The rich have enough money. They will simply stop earning.
Let抯 get real. Here is what the government is likely to do. Once the Washington idiots realize that the dollar is at risk and that they can no longer finance their wars by borrowing abroad, the government will either levy a tax on private pensions on the grounds that the pensions have accumulated tax-deferred, or the government will require pension fund managers to purchase Treasury debt with our pensions. This will buy the government a bit more time while pension accounts are loaded up with worthless paper.
The last Bush budget deficit (2008) was in the $400-500 billion range, about the size of the Chinese, Japanese, and OPEC trade surpluses with the US. Traditionally, these trade surpluses have been recycled to the US and finance the federal budget deficit. In 2009 and 2010 the federal deficit jumped to $1,400 billion, a back-to-back trillion dollar increase. There are not sufficient trade surpluses to finance a deficit this large. From where comes the money?
The answer is from individuals fleeing the stock market into "safe" Treasury bonds and from the bankster bailout, not so much the TARP money as the Federal Reserve抯 exchange of bank reserves for questionable financial paper such as subprime derivatives. The banks used their excess reserves to purchase Treasury debt.
These financing maneuvers are one-time tricks. Once people have fled stocks, that movement into Treasuries is over. The opposition to the bankster bailout likely precludes another. So where does the money come from the next time?
The Treasury was able to unload a lot of debt thanks to "the Greek crisis," which the New York banksters and hedge funds multiplied into "the euro crisis." The financial press served as a financing arm for the US Treasury by creating panic about European debt and the euro. Central banks and individuals who had taken refuge from the dollar in euros were panicked out of their euros, and they rushed into dollars by purchasing US Treasury debt.
This movement from euros to dollars weakened the alternative reserve currency to the dollar, halted the dollar抯 decline, and financed the massive US budget deficit a while longer.
Possibly the game can be replayed with Spanish debt, Irish debt, and whatever unlucky country swept in by the thoughtless expansion of the European Union.
But when no countries remain that can be destabilized by Wall Street investment banksters and hedge funds, what then finances the US budget deficit?
The only remaining financier is the Federal Reserve. When Treasury bonds brought to auction do not sell, the Federal Reserve must purchase them. The Federal Reserve purchases the bonds by creating new demand deposits, or checking accounts, for the Treasury. As the Treasury spends the proceeds of the new debt sales, the US money supply expands by the amount of the Federal Reserve抯 purchase of Treasury debt.
Do goods and services expand by the same amount? Imports will increase as US jobs have been offshored and given to foreigners, thus worsening the trade deficit. When the Federal Reserve purchases the Treasury抯 new debt issues, the money supply will increase by more than the supply of domestically produced goods and services. Prices are likely to rise.
How high will they rise? The longer money is created in order that government can pay its bills, the more likely hyperinflation will be the result.
The economy has not recovered. By the end of this year it will be obvious that the collapsing economy means a larger than $1.4 trillion budget deficit to finance. Will it be $2 trillion? Higher?
Whatever the size, the rest of the world will see that the dollar is being printed in such quantities that it cannot serve as reserve currency. At that point wholesale dumping of dollars will result as foreign central banks try to unload a worthless currency.
The collapse of the dollar will drive up the prices of imports and offshored goods on which Americans are dependent. Wal-Mart shoppers will think they have mistakenly gone into Neiman Marcus.
Domestic prices will also explode as a growing money supply chases the supply of goods and services still made in America by Americans.
The dollar as reserve currency cannot survive the conflagration. When the dollar goes the US cannot finance its trade deficit. Therefore, imports will fall sharply, thus adding to domestic inflation and, as the US is energy import-dependent, there will be transportation disruptions that will disrupt work and grocery store deliveries.
Panic will be the order of the day.
Will farms will be raided? Will those trapped in cities resort to riots and looting?
Is this the likely future that "our" government and "our patriotic" corporations have created for us?
To borrow from Lenin, "What can be done?"
Here is what can be done. The wars, which benefit no one but the military-security complex and Israel抯 territorial expansion, can be immediately ended. This would reduce the US budget deficit by hundreds of billions of dollars per year. More hundreds of billions of dollars could be saved by cutting the rest of the military budget, which in its present size, exceeds the budgets of all the serious military powers on earth combined.
US military spending reflects the unaffordable and unattainable crazed neoconservative goal of US Empire and world hegemony. What fool in Washington thinks that China is going to finance US hegemony over China?
The only way that the US will again have an economy is by bringing back the offshored jobs. The loss of these jobs impoverished Americans while producing over-sized gains for Wall Street, shareholders, and corporate executives. These jobs can be brought home where they belong by taxing corporations according to where value is added to their product. If value is added to their goods and services in China, corporations would have a high tax rate. If value is added to their goods and services in the US, corporations would have a low tax rate.
This change in corporate taxation would offset the cheap foreign labor that has sucked jobs out of America, and it would rebuild the ladders of upward mobility that made America an opportunity society.
If the wars are not immediately stopped and the jobs brought back to America, the US is relegated to the trash bin of history.
Obviously, the corporations and Wall Street would use their financial power and campaign contributions to block any legislation that would reduce short-term earnings and bonuses by bringing jobs back to Americans. Americans have no greater enemies than Wall Street and the corporations and their prostitutes in Congress and the White House.
The neocons allied with Israel, who control both parties and much of the media, are strung out on the ecstasy of Empire.
The United States and the welfare of its 300 million people cannot be restored unless the neocons, Wall Street, the corporations, and their servile slaves in Congress and the White House can be defeated.
Without a revolution, Americans are history.
http://vdare.com/roberts/100816_americans_are_history.htm
Globalized Business Cares Little About Left or Right
Reuters
Here's the good news about China's emergence as the world's second largest economy -- US business has figured it out. And here's the bad news -- while US companies can go global, most US citizens can't. The result, in this age of globalization, is a growing tension between the interests of America's business leaders and the interests of much of its middle class. Indeed, the most important fault-line in American politics may not be between Democrats and Republicans, it is between those businesses and business people who are succeeding in the global economy and those who are not.
This clash of values and interests up-ends our usual ideas of left and right. Consider immigrants -- it is no accident that Mike Bloomberg and Silicon Valley's bosses are squarely on the side of the lower Manhattan mosque and of liberal immigration laws. But CEOs are less thrilled about the Democrat-driven imposition of more regulation and the promise of higher taxes.
The irony is that the globalization of American business is surely a good thing -- imagine how much worse things would be if US companies hadn't figured out how to play and win on the world stage. But the equally important truth is that the twin revolutions of globalization and technological change are disproportionately benefiting the global super-class and the middle class in emerging markets like China and India -- while leaving much of America behind. America's business leaders need to figure out how to help America's middle class join the global economic party -- or face a populist backlash which will make Barack Obama look like Milton Friedman.
Ground Zero Mosque Imam Is Globalist Stooge
Steve Watson
Prisonplanet.com
Friday, Aug 20th, 2010
Ground Zero Mosque Imam Is Globalist Stooge 200810ImamThe Imam of the now infamous “ground zero mosque” is a member of the ultra elitist Council On Foreign Relations and receives financial backing from powerful globalist sources including the Rockefellers, the Carnegie Corporation and the Ford Foundation.
This information provides a compelling backdrop to the theory that the move to establish the mosque is a deliberate attempt to further stoke religious tensions and divert attention away from the real enemy of free humanity, the corporate globalist elite who continue to profit from global war and division.
The proposed mosque, to be known as Cordoba House is the project of the Cordoba Initiative, an organisation founded by ‘Imam’ Feisal Abdul Rauf (pictured above), who, in addition to being a member of the World Economic Forum’s Council of 100, is an active member of the Council on Foreign Relations’ Religious Advisory Committee.
The Cordoba Initiative’s website cites “Christian support for the Cordoba House” in the form of Christian publication, “Sojourners”, which is owned by evangelical Christian writer and political activist Jim Wallis, also coincidentally a sitting member of the CFR’s Religious Advisory Committee.
The CFR, as regular readers know, is populated exclusively by major players with the biggest corporations, banks and defence contractors in the world – all of whom are making vast profits and securing more power from continued global conflict. The CFR also exerts far reaching influence over the U.S. government.
Tony Cartalucci at landdestroyer blog breaks down the fact that every single leading player in both the neocon infested Bush administration and the “change” gang under Barrack Obama is a CFR luminary. Cartalucci also provides further stunning research relating to Cordoba House and its CFR Imam, which breaks down as follows.
Feisal Abdul Rauf also heads up the American Society for Muslim Advancement (ASMA) which enjoys a partnership with the Cordoba Initiative and provided $100 million to secure the site close to ground zero for the mosque to be built.
That $100 million came directly from the back pockets of ASMA’s financial backers.
According to ASMA’s website they include the Carnegie Corporation of New York, the Ford Foundation, Rockefeller Brothers, Rockefeller Philanthropy, and the Rockefeller Brothers Fund – essentially the tip of the pyramid of the international globalist elite.
ORIGIONAL ARTICLE
Friday, August 20, 2010
New Unemployment Claims SURGE, Hit Highest Level Since November 2009
WASHINGTON (AP) -- New applications for unemployment insurance reached the half-million mark last week for the first time since November, a sign that employers are likely cutting jobs again as the economy slows.
The Labor Department said Thursday that initial claims for jobless benefits rose by 12,000 last week to 500,000, the fourth increase in the past five weeks. Wall Street economists forecast that claims would drop.
The four-week average, a less volatile measure, rose by 8,000 to 482,500, the highest since December. There were no special factors that distorted the numbers, a Labor Department analyst said.
The increase suggests the economy is creating even fewer jobs than in the first half of this year, when private employers added an average of about 100,000 jobs per month. That's barely enough to keep the unemployment rate from rising. The jobless rate has been stuck at 9.5 percent for two months.
Stock futures fell on the news. The Dow Jones industrial average futures had risen more than 50 points before the report was released. They dropped quickly and were down as much as 20 points afterward.
Jobless claims declined steadily last year from a peak of 651,000 in March 2009 as the economy recovered from the worst downturn since the 1930s. After flattening out earlier this year claims have begun to grow again.
The number of people continuing to receive benefits fell by 13,000 to 4.5 million, the department said. The continuing claims data lags initial claims by one week.
But that doesn't include millions of people receiving extended unemployment insurance, paid for by the federal government. About 5.6 million unemployed workers were on the extended unemployment benefit rolls, as of the week ending July 31, the latest data available. That's an increase of about 300,000 from the previous week.
During the recession, Congress added up to 73 extra weeks of benefits on top of the 26 weeks customarily provided by the states. The number of people on the extended rolls has increased sharply in recent weeks after Congress renewed the extended program last month. It had expired in June.
Private employers added only 71,000 jobs in July. But that increase was offset by the loss of 202,000 government jobs, including 143,000 temporary census positions.
July marked the third straight month that the private sector hired cautiously. Economists are concerned that the unemployment rate will start rising again because overall economic growth has weakened significantly since the start of the year.
In a healthy economy, jobless claims usually drop below 400,000. But the recent increases in claims provide further evidence that the economy has slowed and could slip back into a recession. Many analysts are worried that economic growth will ebb further in the second half of this year.
After growing at a 3.7 percent annual rate in the first quarter, the economy's growth slowed to 2.4 percent in the April-to-June period. Some economists forecast it will drop to as low as 1.5 percent in the second half of this year.