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Homeowners Associations: Newsletter
Securitizing Death • Boom in Arms Sales • Savings & Tax Havens • McDonald Sues McCurry • Racism
NEWS TODAY: September 7, 2009

The news summaries provide links to the full text of the story. You can add your comments and ideas to each of these stories by clicking on the story link, and clicking "Comments" at the end of each story.

FRAUD MADE IN THE U.S.A. - PART 13 [An Article]
The Wall Street Addiction: Latest Scheme - Securitizing Death
Sep 7, 2009 by Kevin McAllister
Without the blink of an eye or without missing a step, the denizens of Wall Street are seeking to make billions out of death - yes, death. More politely, they have moved big time into the "life settlement" business. They buy life insurance policies from people who hold them. For example, if you have a $2 million life insurance policy, you might want to cash out now. A life settlement company such as Coventry - currently being sued by the State of New York for alleged bid-rigging - might come along and offer you a million, depending on what your situation was. If you look as if you are going to die soon, they might offer you more. If you look as if you will be around for the next 30 years, they might offer less. When the life settlement company buys your policy, it will pay your premiums, and when you die, it will receive $2 million, the value of the life insurance policy.
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U.S. LEADS THE WORLD IN FOREIGN ARMS SALES IN 2008 [An Article]
Congressional Research Service Reports Most Sales Go to Developing Countries
Sep 7, 2009 by Will Farrar
There is no recession for the U.S. in the foreign arms sales market according to figures released on Frday by the nonpartisan Congressional Research Service, a division of the Library of Congress. In fact, there is a boom. In 2007, U.S. arms sales overseas were $25.4 billion. In 2008, they were $37.8 billion - an almost 50% increase. This came despite a drop in total sales worldwide to $55.2 billion in 2008, a 7.6% drop from 2007. The author of the study, Robert F. Grimmett, attribut
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Commissioner Shaw of the 9th. Circuit Court of Appeals Issues A Stay On Disbarment of Richard Fine
Mr. Fine believes his disbarment will be overturned.
Comment 6. Lets pray that the 9th Court will do a little to redeem their profession from their lying, cheating, and stealing...try to stay focused on ""Mr. Fine's plight
Please click the link below to •View Article •View Comments(6) •Post Comments
Commissioner Shaw of the 9th. Circuit Court of Appeals Issues A Stay On Disbarment of Richard Fine
Associated Press says photo of Lance Cpl. Joshua Bernard shows realities of war
Comment 1. .... somebody else's child in the line of fire
Comment 2. The US is the invader and occupier who caused the mass murder, pain suffering, starvation and destruction for many innocent people in Afghanistan, Iraq, Palestine and too many other countries to mention. 1
Please click the link below to •View Article •View Comments(2) •Post Comments
Associated Press says photo of Lance Cpl. Joshua Bernard shows realities of war
No for-profit entity should be involved in health care
A Physician's Response to "Public Option" Opposition
Comment 6. Are all not for profit hospitals 501(c)(3) corporations?
Comment 7. For-profit entity ....their fiduciary duty is to save that dollar for the stockholders.
Comment 8. .... hospitals charging $12.00 for a single aspirin, is repugnant!
Please click the link below to •View Article •View Comments(8) •Post Comments
No for-profit entity should be involved in health care
Savers vs speculators [An Article]
Are government and Central Bank remedies are penalising workers and savers.
Sep 7, 2009 by People & Power
Max Keiser looks at the ongoing financial crisis and asks whether the government and Central Bank remedies are penalising workers and savers.
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Tax Havens/Ivory Coast [An Article]
Sep 7, 2009 by People & Power
People & Power reports on the hunt for tax havens, and looks at the pre-election situation in the Ivory Coast. - August 26, 2009
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US to overhaul Afghan opium strategy [An Article]
The United States War on Drugs
Sep 7, 2009 by Al Jazeera
The United States is set to overhaul its anti-drug strategy in Afghanistan by phasing out the destruction of opium poppy crops. Richard Holbrooke, the US special representative to Afghanistan and Pakistan, says the US policy has only put farmers out of business and engendered sympathy for the Taliban.
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Fast food giant takes on 'McCurry' [An Article]
Sep 7, 2009 by Aljazeera News
It is known for cooking local delicacies, but an Indian restaurant in the Malaysian capital has McDonald's up in arms. It wants the restaurant to change its name, and has been fighting an eight-year long legal battle.
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Where racism lingers [An Editorial]
Sep 7, 2009 by Ooi Kee Beng

Thanks to the bloody war against Nazi Germany, Britain evolved in the history books from being a global empire that rationalised its conquests with ideas of racism into being the destroyer of racism. ... After the horrors of racism came home to roost in Europe in the 1930s and 1940s, and tens of millions had died in the process, European mainstream politics could no longer make use of the notion of 'race'. From 1945 onwards, little support could be gained for arguments about purity of blood, and the notion of race in general. 'Race' quickly became a political taboo in the continent of its birth. In sync with the fall of racism and the discrediting of racialism, the empires of the West crumbled like black-and-white domino bricks. Throughout the world, once-inferior groups rose to take the reins of power and to rule themselves. Although these empires easily disintegrated into states, the ethnic mix that commonly populates .... In British Malaya, one may say that the separation of Malaysia and Singapore in 1965 was necessitated by ethnic differences, in keeping with post-colonial trends elsewhere.... In Malaysia, affirmative action in favour of the majority Malays was implemented in 1970 to correct socio-economic imbalances. However, this initiative has been warped to institutionalise racialist thought over the years, and its time limit discarded. The ideology of racial hierarchy, now backed by religious arguments, thus managed to survive in Malaysia, which thus has the dubious distinction of being perhaps the last bastion of a divisive principle of social organisation imported once upon a time into the region by colonial conquerors.

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