Puerto Rico: NY Yankees’ Jorge Posada scammed out of $11million

December 16th, 2014

New York Yankees catcher Jorge Posada is scammed out of $11 MILLION in ‘jaw-dropping’ money-management scam


Posada did not discover the conspiracy until after he fired Collar and Fernandez, who operated under their own company Quantum Family Office Group, for unrelated reasons in 2010.

Posada should have run all documents by his lawyer (not his wife), but I hope the perps do time.

And,
Never have only one financial advisor.



Elsewhere

December 16th, 2014

‘Revenge’ for Malala’s Nobel Peace Prize…

126 killed, mostly children…

‘Burn teacher alive in front of pupils and behead children’…

————————————-

‘Lone Wolf,’ or ‘Known Wolf’? The Ongoing Counter-Terrorism Failure
An extensive report shows how U.S. law enforcement missteps and dangerous policies keep getting people killed.

Uruguay: Send more Gitmo alumni!

December 15th, 2014

While the world looks at the terrorist holding people hostage in Sydney,

Uruguay Tries to SetPattern on Guantanamo Detainees
President José Mujica’s Government Expressed Hope That His Nation’s Gesture Would Lead Other Countries to Resettle Prisoners From at the U.S.-Run Facility
.

Mujica didn’t say “send Uruguay more Giltmo alumni,” though.

Last week I was asking under what country’s passports would the six terrorists travel. It looks like there’s an answer (emphasis added):

Approved for release from a military hospital and given Uruguayan identity documents, the men moved into a small-three bedroom house in Montevideo provided by a labor confederation. “These men have gone through an extremely difficult situation,” said Fernando Pereira, a union official, “so we’re going to give them psychological support and care.”

Empathy, indeed.

Mr. Mujica’s government has signaled that it wants to help the Obama administration in its goal of closing the detention center, which cannot take place until countries take in prisoners the U.S. have cleared for transfers.

So far in Latin America and the Caribbean, 12 former inmates have been resettled, including two in El Salvador in 2012 and four in Bermuda in 2009. The six who came to Montevideo—four Syrians, a Palestinian and a Tunisian—are the first detainees to be resettled in South America.

What could possibly go wrong?

The criminal #Greenpeace Carnival of Latin America and the Caribbean

December 15th, 2014

Before Greenpeace:

After Greenpeace:

It’s time to put the Greenpeace vandals out of business

ARGENTINA
Why Argentina Must Learn the Virtues of Economic Orthodoxy
Ignore Basic Economic Lessons, Bring on More Crises

BOLIVIA
Bolivia’s YPFB Hit by Corruption, Sexual-Harassment Scandal

BRAZIL
Survivors Recall Genocide of Amazon Tribe in Brazil, the Waimiri-Atroari.

Brazil killer alleges 42 victims
Brazilian police arrest a man who says he killed 42 people in the last decade, which would make him one of the country’s most prolific serial killers

CHILE
Chile Not Facing an Economic Crisis, Bachelet Says

Construction in Chile of world’s largest telescope approved

COLOMBIA
Colombian Government, Rebels Resume Peace Talks

COSTA RICA
Take a Ride on Costa Rica’s Fiscal Train Wreck
Executive Ignores Credit Risk, Overrules Congress for 19 Percent Spending Increase

CUBA
Cuban Regime Arrests Over 100 Activists on Human Rights Day
Police Target Dissident Ladies in White, Independent Journalists

‘Al Capone’ Justice for Fidel Castro

The AP’s Latest Attack: On Cuba’s Independent Rappers

DOMINICAN REPUBLIC
Abortion stalls Dominican Republic Penal Code vote

ECUADOR
Ecuador Moves to Block Disclosure of U.S. Propaganda Activities
Government attempts to prevent court discovery of documents at its U.S.-based PR firm

EL SALVADOR
El Salvador President to Cuba for Checkup after Falling Ill in Mexico, since that worked so well for Hugo Chávez.

GUATEMALA
Guatemala: Breaking the silence
How do a country and its people come to terms with the atrocities committed during a decades-long, bloody civil war? Dialogue is key here, and that’s a focus of DW Akademie projects in Guatemala.

HAITI
Haitian President May Drop His Premier
To end an impasse and allow for elections, President Michel Martelly said that he would accept the recommendations of a commission that has called for the prime minister to resign.

IMMIGRATION
Adding Insult to Injury: Obama Paying for Illegal Amnesty with Fees Paid by Legal Immigrants

Sheriffs: Obama’s Amnesty Creates ‘Insurgence of Heroin,’ ‘Saloon-Door’ Border Mentality

JAMAICA
Jamaica Approached To Sell PetroCaribe Debt

LATIN AMERICA
Neocolonialism update: Iran expanding its presence in Latrine America

MEXICO
Mexico minister denies home scandal
Mexico’s finance minister defends his purchase of a luxury home, amid reports he bought it from a firm whose parent company won public contracts.

PANAMA
Panama: Cuba to Attend First-ever Americas Summit

PERU
Frantic efforts to save Lima climate change talks
Main talks suspended as delegates from 190 countries admit there is ‘no consensus’, while frantic efforts have begun to reach some token agreement, but few are optimistic of a quick resolution, if any

PUERTO RICO
Puerto Rico tops list of 25 best Caribbean islands list

URUGUAY
Former Guantanamo Prisoners Leave Hospital in Uruguay

VENEZUELA
The Precise Instant Everything Went to Hell

The Phantom of Miraflores

UK: Journalist’s flat burgled, family threatened

VenEconomy: Drug Trafficking – The Other Pest of the Venezuelan Revolution

Mother of slain beauty queen seeks asylum in the US
María Eugenia Tovar, mother of beauty queen Génesis Carmona, killed during an anti-government protest in February, would not explain the reasons for her decision

US Congress passes sanctions against Venezuelan human rights abusers

The week’s posts:
White privilege, indeed

Mexico: Gulf Cartel run from Texas

Venezuela: Default by September 2015?

Peru: Greenpeace vandalism

Colombia: FARC using al-Qaeda for European drug trade

Uruguay: Gitmo alumni go free

At Da Tech Guy Blog:
U.S. releases 6 al-Qaeda detainees to Uruguay

Time to put Greenpeace vandals out of business



Time to put #Greenpeace vandals out of business UPDATED

December 12th, 2014

Greenpeace willfully engaged in inflicting irreparable damage. In their blindness to say “the future is renewable”, they can’t see that the past is not.

Read my post at Da Tech Guy Blog.

UPDATE:
Before Greenpeace:

After f**king Greenpeace:

White privilege, indeed

December 12th, 2014

Yes, we all know the Left particularly enjoys to refer to “Hispanics” as “brown” “people of color” and the like.

Does this man look “brown” to you?

He’s Univision’s Mexican anchorman Jorge Ramos, who, much to his credit, is raking in an estimated $75million (US currency, not pesos) in combined earnings this year alone.

Oh the irony.

Hence, my tweet,

UPDATE
Linked to by the Pirate’s Cove. Thank you!

Mexico: Gulf Cartel run from Texas

December 11th, 2014

Which should come as no surprise,
THREE MEXICAN CARTEL LEADERS CAUGHT IN TEXAS SINCE OCTOBER

A Tamaulipas law enforcement official who spoke with Breitbart Texas said the Gulf Cartel is undergoing a hostile takeover of sorts where a faction of old timer’s that include Gulf Cartel members and original Zetas is moving in trying to run out the younger inexperienced crowd.

“The younger ones are the ones doing all sort of crazy stunts kidnappings, extortion and such,” the official said. “The old timers claim to want to bring peace or at least that’s what they claim.”

The claims were made through a communiqué published by Breitbart Texas where the Zetas and the Gulf Cartel claim to make peace and plan on restoring peace so they can focus on their business without disturbing the public.

People tend to confuse the definition of cartel when used in the drug trade. Cartel, in economics, means

An organization created from a formal agreement between a group of producers of a good or service, to regulate supply in an effort to regulate or manipulate prices. A cartel is a collection of businesses or countries that act together as a single producer and agree to influence prices for certain goods and services by controlling production and marketing. A cartel has less command over an industry than a monopoly – a situation where a single group or company owns all or nearly all of a given product or service’s market. In the United States, cartels are illegal; however, the Organization of Petroleum Exporting Countries (OPEC) – the world’s largest cartel – is protected by U.S. foreign trade laws.

In the drug trade, however, Wikipedia has it right (emphasis added),

A drug cartel is any criminal organization developed with the primary purpose of promoting and controlling drug trafficking operations. They range from loosely managed agreements among various drug traffickers to formalized commercial enterprises. The term was applied when the largest trafficking organizations reached an agreement to coordinate the production and distribution of cocaine. Since that agreement was broken up, drug cartels are no longer actually cartels, but the term stuck and it is now popularly used to refer to any criminal narcotics related organization, such as those in Guatemala, Honduras, El Salvador, Haiti, Jamaica, Trinidad and Tobago, South Korea, Dominican Republic, Mexico, Japan, Italy, France, United States, Colombia, United Kingdom, Netherlands, Russia, Brazil, Argentina, Peru, Bolivia, Paraguay, Afghanistan and Pakistan.

Click on the map for an interactive map of the Mexican cartels:

Venezuela: Default by September 2015?

December 11th, 2014

Casey Breznick posts,

A CNBC report on the prospect of a Venezuelan default cited a Capital Economics report stating that a default could be expected by next September or October when $5 billion in debt payments come due. Only an upswing of oil prices to somewhere around $121/barrel would allow Venezuela to balance its budget, according to some estimates. But with OPEC recently slashing its 2015 production levels to a 12-year low in response to decreasing estimated global oil demand and increasing supply via U.S. shale production, a significant oil price increase in the short-term seems highly unlikely. Bloomberg reports that the implied probability of default—derived from complex financial formulas—in the next five years stands at 93%, the highest in the world.

The Devil’s Excrement looks at Maduro’s New Script,

You may laugh all you want at what he says, but I don’t. He is making a very specific narrative out of all this and I am not sure where it is heading. It may be that he just wants to blame  the US for the intensification of the crisis in the next few months or simply, that he is preparing the ground in case there is no money to pay international investors. There is a one billion Euro payment in March, which looks doable, but there are much larger maturities in October 2015. But investors have so far believed that Venezuela had a “willingness” to pay, and the action in the markets today indicated some people were losing faith.

It did not help that Bloomberg reported today on a meeting with investors at a New York law firm, which actually took place like ten days ago. This meeting actually ended in a somewhat positive note, as many suggested that Venezuela and PDVSA could not get away with a restructuring below current prices for most bonds, as the oil cash flow would not justify it.

Francisco Toro:

It’s not the gobs of debt monetization, the billions of make-believe-bolivars the Central Bank loans PDVSA leading to an uncontrolled monetary expansion and the collapse of demand for real money balances.

It’s not the opacity in public accounts, the drop in reserves, the commercial default, the implosion in the goods markets, or the fact that you need your kid’s birth certificate to buy her diapers.

It’s not the fiscal deficit at 17% of GDP, or oil at $58 per barrel, or the tapped-out Fonden “sovereign wealth fund,” or the fact that the Finance Minister gives every possible public sign that he’s an idiot.

It’s not that the one regime official who announced a semi-reasonable reform that might have stanched the flow got shifted sideways to a non-economic job.

It’s not the Central Bank’s scandalous subservience to the Executive branch, or the fact that it won’t even dare publish basic inflation statistics.

It’s not that PDVSA has missed every production increase target it’s set for itself since 2003, it’s not that its refineries are badly maintained and barely functional, much less profitable.

It’s not that labour laws make it insane for a worker to waste his time working, and unreasonable as well as that is time he needs to spend queueing for basic consumption goods.

It’s not that the investment climate has been so shitty for so long, and the profit repatriation picture so bleak, no one sane even considers putting money into Venezuela.

Nope. It’s none of that. According to Maduro, it’s all a conspiracy, led by some flunkie sitting at a cubicle at Moody’s, someone who for some weird reason has decided to mess with his revolution. That’s why it’s expensive for Venezuela to borrow.

PDVSA 2022 bond in the last three months. It was losing 14% of its value today, with a yield to maturity of 31.4%:



U.S. releases 6 al-Qaeda detainees to Uruguay

December 10th, 2014

Following up on yesterday’s post, my post, U.S. releases 6 al-Qaeda detainees to Uruguay

Four were members of the “Syrian Group;” all are connected to Abu Zubaydah; only one was deemed as “medium risk,” the other five were “high risk.”

The four Syrians are Ali Husein Shaaban, Ahmed Adnan Ahjam, Abd al Hadi Faraj and Jihad Ahmed Mujstafa Diyab; from the West Bank, Mohammed Abdullah Tahamuttan; from Tunisia, Abdul Bin Mohammed Bin Abess Ourgy.

And as soon as they got to Uruguay, they were given rights to come and go as they please.

Peru: Greenpeace vandalism

December 10th, 2014

Peru Says Nazca Lines Damaged By Greenpeace Protest
A protest by Greenpeace on Monday to call attention to global warming has damaged a protected area in the ancient group of geoglyphs known as the Nazca lines, Peru’s Ministry of Culture said late Tuesday.

A protest by environmental group Greenpeace on Monday to call attention to global warming has damaged a protected area in the ancient group of geoglyphs known as the Nazca lines, Peru’s Ministry of Culture said late Tuesday.

Greenpeace didn’t bother to find out that you are not allowed to walk there, but they did issue a non-apology to “those people who may have felt troubled by the protest.”

I hope they get arrested.