The Establishment is very concerned this morning that the representatives of the people have resisted demands for stricter gun control measures. The president calls it “shameful.” The New York Times editorial board intones, “The Senate Fails America.” Dana Milbank of the Washington Post deplores a lack of “courage” on Capitol Hill, though some might think it takes courage to defy the overwhelming drumbeat of the national media.
Whatever the merits and popularity of the specific measures that went down to defeat in the Senate on Wednesday, I think the Establishment fails to appreciate the depth of American support for the Second Amendment. NPR and other media have lately noted a growing libertarian trend in American politics. That’s not just about taxes, Obamacare, marijuana, and marriage equality. It also involves gun rights. After each high-profile shooting, support for gun control rises. But it tends to fall again in short order, as public opinion reverts to the baseline of strong support for gun rights.
I was struck by this poll graphic in the Washington Post on Wednesday. Despite the virtually unanimous support for stricter gun control in the national media, along with other opinion shapers such as Hollywood and the universities, and despite the mass shootings that have received so much attention in our modern world of 24-hour news channels, Americans are becoming more convinced that guns make your family safer.
The fact is, America is a country fundamentally shaped by libertarian values and attitudes. Our libertarian values helped to create the Constitution and the Bill of Rights, and those documents in turn shape our thinking about freedom and the limited powers of government. In their book It Didn’t Happen Here: Why Socialism Failed in the United States, Seymour Martin Lipset and Gary Marx write, “The American ideology, stemming from the [American] Revolution, can be subsumed in five words: antistatism, laissez-faire, individualism, populism, and egalitarianism.” If political scientists Herbert McClosky and John Zaller are right that “[t]he principle here is that every person is free to act as he pleases, so long as his exercise of freedom does not violate the equal rights of others,” then we can expect Americans to cling to their gun rights for a long time.
The New Republic’s daily email this morning asks, “Who killed gun control?” Who? The Americans.
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Cyprus has finally killed myth that EMU is benign
The punishment regime imposed on Cyprus is a trick against everybody involved in this squalid saga, against the Cypriot people and the German people, against savers and creditors. All are being deceived.
If Cyprus tries to claw back competitiveness with an ‘internal devaluation’, it will drive unemployment to Greek levels (27pc) and cause the economy to contract so fast that the debt ratio explodes Photo: AP
By Ambrose Evans-Pritchard7:55PM GMT 27 Mar 2013
It is not a bail-out. There is no debt relief for the state of Cyprus. The Diktat will push the island’s debt ratio to 120pc in short order, with a high risk of an economic death spiral, a la Grecque.
Capital controls have shattered the monetary unity of EMU. A Cypriot euro is no longer a core euro. We wait to hear the first stories of shops across Europe refusing to accept euro notes issued by Cyprus, with a G in the serial number.
The curbs are draconian. There will be a forced rollover of debt. Cheques may not be cashed. Basic cross-border trade is severely curtailed. Credit card use abroad will be limited to €5,000 (£4,200) a month. “We wonder how such capital controls could eventually be lifted with no obvious cure of the underlying problem,” said Credit Suisse.
The complicity of EU authorities in the original plan to violate insured bank savings – halted only by the revolt of the Cypriot parliament – leaves the suspicion that they will steal anybody’s money if leaders of the creditor states think it is in their immediate interest to do so. Monetary union has become a danger to property.
One can only smile at the denunciations of Eurogroup chief Jeroen Dijsselbloem for letting slip that the Cypriot package is a template for future EMU rescues, with further haircuts for “uninsured deposit holders”.
That is not the script. Cyprus is supposed to be a special case. Yet the “Dijssel Bomb” merely confirms that the creditor powers – the people who run EMU at the moment – will impose just such a policy on the rest of Club Med if push ever comes to shove. At the same time, the German bloc is lying to its own people about the real costs of holding the euro together. The accord pretends to shield the taxpayers of EMU creditor states from future losses. By seizing €5.8bn from savings accounts, it has reduced the headline figure on the EU-IMF Troika rescue to €10bn.
This is legerdemain. They have simply switched the cost of the new credit line for Cyprus to the European Central Bank. The ECB will have to offset the slow-motion bank run in Cyprus with its Emergency Liquidity Assistance (ELA), and this is likely to be a big chunk of the remaining €68bn in deposits after what has happened over the past two weeks.
Much of this will show up on the balance sheet of the Bundesbank and its peers through the ECB’s Target2 payment nexus. The money will leak out of Cyprus unless the Troika tries to encircle the island with razor wire.
“In saving €5.8bn in bail-out money, the other euro area countries will likely be on the hook for four to five times more in contingent liabilities. But, of course, the former represents real money that gives politicians a headache; the latter is monopoly central bank money,” said Marchel Alexandrovich, from Jefferies.
Chancellor Angela Merkel will do anything before the elections in September to disguise the true cost of the EMU project. It has been clear since August 2012 that she is willing let the ECB carry out bail-outs by stealth, as the lesser of evils. Such action is invisible to the German public. It does not require a vote in the Bundestag. It circumvents democracy.
Mrs Merkel can get away with this, provided Cyprus does not leave EMU and default on the Bundesbank’s Target2 claims, yet that may well happen.
“I wouldn’t be surprised to see a 20pc fall in real GDP,” said Nobel economist Paul Krugman. “Cyprus should leave the euro. Staying in means an incredibly severe depression.”
“Nobody knows what is going to happen. The economy could go into a free fall,” said Dimitris Drakopoulos, from Nomura.
The country has just lost its core industry, a banking system with assets equal to eight times GDP, and has little to replace it with. Cyprus cannot hope to claw its way back to viability with a tourist boom because EMU membership has made it shockingly expensive. Turkey, Croatia or Egypt are all much cheaper. Manufacturing is just 7pc of GDP. The IMF says the labour cost index has risen even faster than in Greece, Spain or Italy since the late 1990s.
What saved Iceland from mass unemployment after its banks blew up – or saved Sweden and Finland in the early 1990s – was a currency devaluation that brought industries back from the dead. Iceland’s krona has fallen low enough to make it worthwhile growing tomatoes for sale in greenhouses near the Arctic Circle.
If Cyprus tries to claw back competitiveness with an “internal devaluation”, it will drive unemployment to Greek levels (27pc) and cause the economy to contract so fast that the debt ratio explodes.
The IMF’s Christine Lagarde has given her blessing to the Troika deal, claiming that the package will restore Cyprus to full health, with public debt below 100pc of GDP by 2020.
Yet the Fund has already been through this charade in Greece, and her own staff discredited the doctrine behind EMU crisis measures. It has shown that the “fiscal multiplier” is three times higher than thought for the Club Med bloc. Austerity beyond the therapeutic dose is self-defeating.
Some in Nicosia cling to the hope that Cyprus can carry on as a financial gateway for Russians and Kazakhs, as if nothing has happened. RBS says the Russians will pull what remains of their money out of Cyprus “as soon as the capital controls are lifted”.
The willingness of the Cypriot authorities last week to seize money from anybody in any bank in Cyprus – even healthy banks – was an act of state madness. We will find out over time whether this epic blunder has destroyed confidence in the country as a financial centre, or whether parts of the financial and legal services sector can rebound.
Yet surely there is no going back to the old model, even though the final package restricts the losses to the two banks that are actually in trouble. Savers above €100,000 at Laiki will lose 80pc of their money, if they get anything back. Those at the Bank of Cyprus will lose 40pc.
Thousands of small firms trying to hang on face seizure of their operating funds. One Cypriot told me that the €400,000 trading account of his father at Laiki had just been frozen, leaving him unable to pay an Egyptian firm for a consignment of shoes.
The Cyprus debacle has taught us yet again that EMU has gone off the rails, is a danger to stability, and should be dismantled before it destroys Europe’s post-War order.
Whether it marks a watershed moment in the crisis is another matter. Italy, Spain, France and Portugal have their own crises, moving to their own rhythm.
The denouement will arrive when the democracies of southern Europe conclude that recovery is a false promise and that the only way to end mass unemployment is to break free of EMU’s contractionary regime.
It will be decided by Italy, not Cyprus.
Statistics: Posted by yoda — Thu Mar 28, 2013 12:43 am
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Report: SEAL Team 6 member who killed bin Laden left with a ‘go f*** yourself’ from government
1:19 PM 02/11/2013
The SEAL Team 6 member who killed Osama bin Laden is facing an uncertain future after leaving the service and receiving a “go fuck yourself” from the government, an Esquire article about the unnamed hero reveals.
“I left SEALs on Friday,” the unnamed SEAL told author Phil Bronstein last September. He exited a little over three years short of the 20-year retirement requirement. “My health care for me and my family stopped at midnight Friday night.”
“I asked if there was some transition from my Tricare to Blue Cross Blue Shield. They said no,” the SEAL told Bronstein, executive chairman of the Center for Investigative Reporting. “You’re out of the service, your coverage is over. Thanks for your sixteen years. Go fuck yourself.”
Bronstein reports that after leaving the service and killing the nation’s most wanted man the SEAL is left with “nothing. No pension, no health care, and no protection for himself or his family.”
The report details the raid and some of its ironies: politicians and film stars have profited both monetarily and politically, but given the secrecy of the mission, the SEAL cannot even use his greatest accomplishment to get another job.
“He’s taken monumental risks,” his dad told Bronstein. “But he’s unable to reap any reward.”
Without a stable income, the shooter told Bronstein — between details of the harrowing kill mission — he still has bills and remains concerned about the safety of his family.
“I just want to be able to pay all those bills, take care of my kids, and work from there,” he is quoted as saying. “I’d like to take the things I learned and help other people in any way I can.”
Bronstein goes in depth into the raid with the SEAL with details such as what he was thinking as he was flown into the compound. “Instead of counting, for some reason I said to myself the George Bush 9/11 quote: Freedom itself was attacked this morning by a faceless coward, and freedom will be defended. I could just hear his voice, and that was neat. I started saying it again and again to myself. Then I started to get pumped up. I’m like: This is so on.”
He said he gave the female CIA analyst who whose intelligence work lead them to bin Laden the remaining magazine from his rifle.
And he recalled what Osama looked like after he was shot.
“And I remember as I watched him
Statistics: Posted by yoda — Mon Feb 11, 2013 3:53 pm
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ALGERIA: 32 MILITANTS KILLED, WITH 23 HOSTAGES
BY PAUL SCHEMM AND KARIM KEBIR
ALGIERS, Algeria (AP) — In a bloody finale, Algerian special forces stormed a natural gas complex in the Sahara desert on Saturday to end a standoff with Islamist extremists that left at least 23 hostages dead and killed all 32 militants involved, the Algerian government said.
With few details emerging from the remote site in eastern Algeria, it was unclear whether anyone was rescued in the final operation, but the number of hostages killed on Saturday – seven – was how many the militants had said that morning they still had. The government described the toll as provisional and some foreigners remain unaccounted for.
The siege at Ain Amenas transfixed the world after radical Islamists linked to al-Qaida stormed the complex, which contained hundreds of plant workers from all over the world, then held them hostage surrounded by the Algerian military and its attack helicopters for four tense days that were punctuated with gun battles and dramatic tales of escape.
Algeria’s response to the crisis was typical of its history in confronting terrorists, favoring military action over negotiation, which caused an international outcry from countries worried about their citizens. Algerian military forces twice assaulted the two areas where the hostages were being held with minimal apparent mediation – first on Thursday, then on Saturday.
"To avoid a bloody turn of events in response to the extreme danger of the situation, the army’s special forces launched an intervention with efficiency and professionalism to neutralize the terrorist groups that were first trying to flee with the hostages and then blow up the gas facilities," Algeria’s Interior Ministry said in a statement about the standoff.
Immediately after the assault, French President Francois Hollande gave his backing to Algeria’s tough tactics, saying they were "the most adapted response to the crisis."
"There could be no negotiations" with terrorists, the French media quoted him as saying in the central French city of Tulle.
Hollande said the hostages were "shamefully murdered" by their captors, and he linked the event to France’s military operation against al-Qaida-backed rebels in neighboring Mali. "If there was any need to justify our action against terrorism, we would have here, again, an additional argument," he said.
In the final assault, the remaining band of militants killed the hostages before 11 of them were in turn cut down by the special forces, Algeria’s state news agency said. The military launched its Saturday assault to prevent a fire started by the extremists from engulfing the complex and blowing it up, the report added.
A total of 685 Algerian and 107 foreigner workers were freed over the course of the four-day standoff, the ministry statement said, adding that the group of militants that attacked the remote Saharan natural gas complex consisted of 32 men of various nationalities, including three Algerians and explosives experts.
The military also said it confiscated heavy machine guns, rocket launchers, missiles and grenades attached to suicide belts.
Sonatrach, the Algerian state oil company running the Ain Amenas site along with BP and Norway’s Statoil, said the entire refinery had been mined with explosives, and that the process of clearing it out is now under way.
Algeria has fought its own Islamist rebellion since the 1990s, elements of which later declared allegiance to al-Qaida and then set up new groups in the poorly patrolled wastes of the Sahara along the borders of Niger, Mali, Algeria and Libya, where they flourished.
The standoff has put the spotlight on these al-Qaida-linked groups that roam these remote areas, threatening vital infrastructure and energy interests. The militants initially said their operation was intended to stop a French attack on Islamist militants in neighboring Mali – though they later said it was two months in the planning, long before the French intervention.
The militants, who came from a Mali-based al-Qaida splinter group run by an Algerian, attacked the plant Wednesday morning. Armed with heavy machine guns and rocket launchers in four-wheel drive vehicles, they fell on a pair of buses taking foreign workers to the airport. The buses’ military escort drove off the attackers in a blaze of gunfire that sent bullets zinging over the heads of crouching workers. A Briton and an Algerian – probably a security guard – were killed.
The militants then turned to the vast gas complex, divided between the workers’ living quarters and the refinery itself, and seized hostages, the Algerian government said. The gas flowing to the site was cut off.
Saturday’s government statement said the militants came across the border from "neighboring countries," while the militants said they came from Niger, hundreds of miles (kilometers) to the south.
On Thursday, Algerian helicopters kicked off the military’s first assault on the complex by opening fire on a convoy carrying both kidnappers and their hostages to stop them from escaping, resulting in many deaths, according to witnesses.
The accounts of hostages who escaped the standoff showed they faced dangers from both the kidnappers and the military.
Ruben Andrada, 49, a Filipino civil engineer who works as one of the project management staff for the Japanese company JGC Corp., described how he and his colleagues were used as human shields by the kidnappers, which did little to deter the Algerian military.
On Thursday, about 35 hostages guarded by 15 militants were loaded into seven SUVs in a convoy to move them from the housing complex to the refinery, Andrada said. The militants placed "an explosive cord" around their necks and were told it would detonate if they tried to run away, he said.
"When we left the compound, there was shooting all around," Andrada said, as Algerian helicopters attacked with guns and missiles. "I closed my eyes. We were going around in the desert. To me, I left it all to fate."
Andrada’s vehicle overturned allowing him and a few others to escape. He sustained cuts and bruises and was grazed by a bullet on his right elbow. He later saw the blasted remains of other vehicles, and the severed leg of one of the gunmen.
The site of the gas plant spreads out over several hectares (acres) and includes a housing complex and the processing site, about a mile (1.6 kilometers) apart, making it especially complicated for the Algerians to secure the site and likely contributed to the lengthy standoff.
"It’s a big and complex site. It’s a huge place with a lot of people there and a lot of hiding places for hostages and terrorists," said Col. Richard Kemp, a retired commander of British forces who had dealt with hostage rescues in Iraq and Afghanistan. "These are experienced terrorists holding the hostages."
While the Algerian government has only admitted to 23 hostages dead so far, the militants claimed through the Mauritanian news website ANI that the helicopter attack alone killed 35 hostages.
One American, from Texas, is among the dead.
French Defense Minister Jean-Yves Le Drian said Saturday that a Frenchman killed, Yann Desjeux, was a former member of the French special forces and part of the security team. The remaining three French nationals who were at the plant are now free, the Foreign Ministry said.
The British government said Saturday it is trying to determine the fate of six people from Britain who are either dead or unaccounted for.
Prime Minister David Cameron of Britain said, "There is no justification for taking innocent life in this way. Our determination is stronger than ever to work with allies right around the world to root out and defeat this terrorist scourge and those who encourage it."
The Norwegian government said there were five Norwegians unaccounted for.
Romanian Prime Minister Victor Ponta said Saturday one Romanian hostage was killed in the course of the siege, while the Malaysian government said two of its citizens were still missing.
The attack by the Masked Brigade, founded by Algerian militant Moktar Belmoktar, had been in the works for two months, a member of the brigade told the ANI news outlet. He said militants targeted Algeria because they expected the country to support the international effort to root out extremists in neighboring Mali and it was carried out by a special commando unit, "Those Who Signed in Blood," tasked with attacking nations supporting intervention in Mali.
The kidnappers focused on the foreign workers, largely leaving alone the hundreds of Algerian workers who were briefly held hostage before being released or escaping.
Several of them arrived haggard-looking on a late-night flight into Algiers on Friday and described how the militants stormed the living quarters and immediately separated out the foreigners.
Mohamed, a 37-year-old nurse who like the others wouldn’t allow his last name to be used for fear of trouble for himself or his family, said at least five people were shot to death, their bodies still in front of the infirmary when he left Thursday night.
Chabane, an Algerian who worked in food services, said he bolted out the window and was hiding when he heard the militants speaking among themselves with Libyan, Egyptian and Tunisian accents. At one point, he said, they caught a Briton.
"They threatened him until he called out in English to his friends, telling them, `Come out, come out. They’re not going to kill you. They’re looking for the Americans,’" Chabane said.
"A few minutes later, they blew him away.
Statistics: Posted by yoda — Sat Jan 19, 2013 2:04 pm
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Prominent rifle manufacturer killed in mysterious car crash days after posting psych drug link to school shooters
Thursday, January 10, 2013
by Mike Adams, the Health Ranger
Editor of NaturalNews.com (See all articles…)
(NaturalNews) What you are about to read is astonishing. I’m not even sure what’s the right conclusion to draw from it. But here’s what we know so far:
John Noveske is one of the most celebrated battle rifle manufacturers in America. His rifles, found at www.NoveskeRifleworks.com are widely recognized as some of the finest pieces of American-made hardware ever created. (I own one of his rifles, and it’s a masterpiece of a machine that just keeps on running.) Sadly, John Noveske was killed in a mysterious car crash just a few days ago, on January 4, 2013.
According to the Outdoor Wire, his car "traveled across the oncoming lane onto the dirt highway shoulder until it struck two large boulders. The vehicle rolled and Mr. Noveske was ejected."
But barely a week before this incident, John Noveske posted a lengthy, detailed post on Facebook that listed all the school shootings tied to psychiatric drugs. At the end of the post, he asked, "What drugs was Adam Peter Lanza on?"
That was the last post he ever made. (Full text below.)
Mysterious death during gun control debate raises questions
John Noveske wasn’t the first prominent gun rights supporter to be killed in the last few days. Keith Ratliff, the creator of a super-popular YouTube channel featuring videos of exotic weapons, was also recently found dead.
The Daily Mail reports that Ratliff was "discovered on a rural road in Carnesville, Georgia. Ratliff had a single gunshot wound the head and police are treating his death as a homicide."
Someone murdered Ratliff, in other words, and it had to be someone with the ability to get close enough to Ratliff to take him out without warning.
Beyond these two shootings, the widely-discredited CNN journalist Piers Morgan, wanted for questioning in Britain’s Daily Mirror phone hacking scandal, invited guests onto his show who threatened Alex Jones’ children and laughed about the idea of Piers Morgan shooting Alex Jones with an AR-15.
That astonishing video interview is available at:
www.infowars.com/veiled-threat-piers-mo … alex-jon...
Steve Quayle, creator of SteveQuayle.com, says "the red list is on!" This refers to the so-called "red list" — a secret kill list of Americans authorized by Obama and designed to be invoked immediately before an attempted radical leftist takeover of the nation. In support of this theory, Obama himself actually signed into law the NDAA which authorizes secret assassinations of U.S. citizens on U.S. soil.
Instead of the red list being "conspiracy theory," it appears to be a key component of Obama’s domestic policy.
Beyond coincidence: Pieces of the puzzle rapidly coming together
Sure, a car crash involving John Noveske could be a coincidence. It could also be a coincidence that no video footage has been released from Sandy Hook showing Adam Lanza carrying any rifle whatsoever.
It might also be a coincidence that Dianne Feinstein just happened to have her detailed gun confiscation bill ready to release immediately following the Sandy Hook shooting.
It might also be a total coincidence that according to Google.com, the United Way Sandy Hook donation support page was created on December 11, 2012 — a full three days before the shooting took place.
It could also be a total coincidence that NBC News reported Adam Lanza’s AR-15 rifle was left in his car and was never used in the shooting at all.
I suppose it could be a coincidence that Bank of America slammed home an economic embargo against an online gun parts retailer in the days following the Sandy Hook shooting.
And it could be coincidence that Facebook suspended or shut down the accounts of hundreds of prominent people who advocated the Second Amendment, including our account here at Natural News.
And finally, it could be a total coincidence that police radio recordings seem to indicate there were multiple shooters involved in Sandy Hook.
But what are the odds of ALL of these coincidences existing simultaneously? Those odds are virtually zero.
Something’s fishy with all this. It’s becoming increasingly apparent that an order has come down from the very top to destroy, silence, threaten or execute true American patriots. Steve Quayle has long predicted this would be the very first step before foreign troops are unleashed on American soil to take over the country and deliver it, just as Obama has always planned, into the hands of the globalist crime syndicate.
It all sounds outrageous, I admit, and I’m not even sure what to believe myself. But it’s becoming more difficult by the day to deny actual events happening right before our eyes. Believe what you will, but don’t be surprised if people like Steve Quayle and Alex Jones were right all along. If we see any more mysterious deaths of prominent gun advocates, it going to raise huge red flags across the patriot community.
Read John Noveske’s last Facebook post
This is the last post John Noveske made on his Facebook page before he was killed:
Eric Harris age 17 (first on Zoloft then Luvox) and Dylan Klebold aged 18 (Columbine school shooting in Littleton, Colorado), killed 12 students and 1 teacher, and wounded 23 others, before killing themselves. Klebold’s medical records have never been made available to the public.
Jeff Weise, age 16, had been prescribed 60 mg/day of Prozac (three times the average starting dose for adults!) when he shot his grandfather, his grandfather’s girlfriend and many fellow students at Red Lake, Minnesota. He then shot himself. 10 dead, 12 wounded.
Cory Baadsgaard, age 16, Wahluke (Washington state) High School, was on Paxil (which caused him to have hallucinations) when he took a rifle to his high school and held 23 classmates hostage. He has no memory of the event.
Chris Fetters, age 13, killed his favorite aunt while taking Prozac.
Christopher Pittman, age 12, murdered both his grandparents while taking Zoloft.
Mathew Miller, age 13, hung himself in his bedroom closet after taking Zoloft for 6 days.
Kip Kinkel, age 15, (on Prozac and Ritalin) shot his parents while they slept then went to school and opened fire killing 2 classmates and injuring 22 shortly after beginning Prozac treatment.
Luke Woodham, age 16 (Prozac) killed his mother and then killed two students, wounding six others.
A boy in Pocatello, ID (Zoloft) in 1998 had a Zoloft-induced seizure that caused an armed stand off at his school.
Michael Carneal (Ritalin), age 14, opened fire on students at a high school prayer meeting in West Paducah, Kentucky. Three teenagers were killed, five others were wounded..
A young man in Huntsville, Alabama (Ritalin) went psychotic chopping up his parents with an ax and also killing one sibling and almost murdering another.
Andrew Golden, age 11, (Ritalin) and Mitchell Johnson, aged 14, (Ritalin) shot 15 people, killing four students, one teacher, and wounding 10 others.
TJ Solomon, age 15, (Ritalin) high school student in Conyers, Georgia opened fire on and wounded six of his class mates.
Rod Mathews, age 14, (Ritalin) beat a classmate to death with a bat.
James Wilson, age 19, (various psychiatric drugs) from Breenwood, South Carolina, took a .22 caliber revolver into an elementary school killing two young girls, and wounding seven other children and two teachers.
Elizabeth Bush, age 13, (Paxil) was responsible for a school shooting in Pennsylvania
Jason Hoffman (Effexor and Celexa) – school shooting in El Cajon, California
Jarred Viktor, age 15, (Paxil), after five days on Paxil he stabbed his grandmother 61 times.
Chris Shanahan, age 15 (Paxil) in Rigby, ID who out of the blue killed a woman.
Jeff Franklin (Prozac and Ritalin), Huntsville, AL, killed his parents as they came home from work using a sledge hammer, hatchet, butcher knife and mechanic’s file, then attacked his younger brothers and sister.
Neal Furrow (Prozac) in LA Jewish school shooting reported to have been court-ordered to be on Prozac along with several other medications.
Kevin Rider, age 14, was withdrawing from Prozac when he died from a gunshot wound to his head. Initially it was ruled a suicide, but two years later, the investigation into his death was opened as a possible homicide. The prime suspect, also age 14, had been taking Zoloft and other SSRI antidepressants.
Alex Kim, age 13, hung himself shortly after his Lexapro prescription had been doubled.
Diane Routhier was prescribed Welbutrin for gallstone problems. Six days later, after suffering many adverse effects of the drug, she shot herself.
Billy Willkomm, an accomplished wrestler and a University of Florida student, was prescribed Prozac at the age of 17. His family found him dead of suicide – hanging from a tall ladder at the family’s Gulf Shore Boulevard home in July 2002.
Kara Jaye Anne Fuller-Otter, age 12, was on Paxil when she hung herself from a hook in her closet. Kara’s parents said "…. the damn doctor wouldn’t take her off it and I asked him to when we went in on the second visit. I told him I thought she was having some sort of reaction to Paxil…")
Gareth Christian, Vancouver, age 18, was on Paxil when he committed suicide in 2002,
(Gareth’s father could not accept his son’s death and killed himself.)
Julie Woodward, age 17, was on Zoloft when she hung herself in her family’s detached garage.
Matthew Miller was 13 when he saw a psychiatrist because he was having difficulty at school. The psychiatrist gave him samples of Zoloft. Seven days later his mother found him dead, hanging by a belt from a laundry hook in his closet.
Kurt Danysh, age 18, and on Prozac, killed his father with a shotgun. He is now behind prison bars, and writes letters, trying to warn the world that SSRI drugs can kill.
Woody ____, age 37, committed suicide while in his 5th week of taking Zoloft. Shortly before his death his physician suggested doubling the dose of the drug. He had seen his physician only for insomnia. He had never been depressed, nor did he have any history of any mental illness symptoms.
A boy from Houston, age 10, shot and killed his father after his Prozac dosage was increased.
Hammad Memon, age 15, shot and killed a fellow middle school student. He had been diagnosed with ADHD and depression and was taking Zoloft and "other drugs for the conditions."
Matti Saari, a 22-year-old culinary student, shot and killed 9 students and a teacher, and wounded another student, before killing himself. Saari was taking an SSRI and a benzodiazapine.
Steven Kazmierczak, age 27, shot and killed five people and wounded 21 others before killing himself in a Northern Illinois University auditorium. According to his girlfriend, he had recently been taking Prozac, Xanax and Ambien. Toxicology results showed that he still had trace amounts of Xanax in his system.
Finnish gunman Pekka-Eric Auvinen, age 18, had been taking antidepressants before he killed eight people and wounded a dozen more at Jokela High School – then he committed suicide.
Asa Coon from Cleveland, age 14, shot and wounded four before taking his own life. Court records show Coon was on Trazodone.
Jon Romano, age 16, on medication for depression, fired a shotgun at a teacher in his
New York high school.
Missing from list… 3 of 4 known to have taken these same meds….
What drugs was Jared Lee Loughner on, age 21…… killed 6 people and injuring 14 others in Tuscon, Az
What drugs was James Eagan Holmes on, age 24….. killed 12 people and injuring 59 others in Aurora Colorado
What drugs was Jacob Tyler Roberts on, age 22, killed 2 injured 1, Clackamas Or
What drugs was Adam Peter Lanza on, age 20, Killed 26 and wounded 2 in Newtown Ct
Roberts is the only one that I haven’t heard about being on drugs of some kind.
Statistics: Posted by yoda — Fri Jan 11, 2013 1:09 am
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BBC’s ‘Panorama’ killed report exposing silver market manipulation
Submitted by cpowell on Wed, 2012-12-05 22:35. Section: Daily Dispatches
5:30p ET Wednesday, December 5, 2012
Dear Friend of GATA and Gold:
Ned Naylor-Leyland, investment director of Cheviot Asset Management in London, interviewed by Max Keiser on yesterday’s edition of "The Keiser Report" on the Russia Today television network, revealed that the British Broadcasting Corp.’s investigative journalism TV program, "Panorama," killed a report exposing silver market manipulation even after doing substantial interviews that provided evidence of manipulation.
Naylor-Leyland added that the failure of the mainstream news media to confront and expose it is what most sustains market manipulation.
Naylor-Leyland’s segment of yesterday’s "Keiser Report" begins at 12:37 here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Statistics: Posted by DIGGER DAN — Thu Dec 06, 2012 6:55 pm
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Head of the AFL-CIO talks about crony capitalism. Well, he is an expert.
There are a number of things which killed the Twinkie as we know it. The fact that people are less and less interested in eating white bread, refined flower, and sugar, (though Americans are fatter than ever) probably has something to do with it.
Poor management also may have something to do with it.
But the death of the bright yellow confection is at the hands of the unions. They killed their host, or in this case Hostess.
And for Richard Trumka, the head of the AFL-CIO, to talk about “crony capitalism” is an absolute laugh. Crony capitalism for the unions delivered Ohio and Michigan to the president in the last election and kept Mr. Trumka “relevant.” Sorry, Richard, but you don’t get it both ways.
“What’s happening with Hostess Brands is a microcosm of what’s wrong with America, as Bain-style Wall Street vultures make themselves rich by making America poor,” Trumka said in a public statement. “Crony capitalism and consistently poor management drove Hostess into the ground, but its workers are paying the price.”
The post Gall: Richard Trumka, of the AFL-CIO, Says “Crony Capitalism” Not Unions Killed Hostess appeared first on AgainstCronyCapitalism.org.
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A year ago, it was hardly unthinkable that a math wizard like David X. Li might someday earn a Nobel Prize. After all, financial economists—even Wall Street quants—have received the Nobel in economics before, and Li’s work on measuring risk has had more impact, more quickly, than previous Nobel Prize-winning contributions to the field. Today, though, as dazed bankers, politicians, regulators, and investors survey the wreckage of the biggest financial meltdown since the Great Depression, Li is probably thankful he still has a job in finance at all. Not that his achievement should be dismissed. He took a notoriously tough nut—determining correlation, or how seemingly disparate events are related—and cracked it wide open with a simple and elegant mathematical formula, one that would become ubiquitous in finance worldwide.
For five years, Li’s formula, known as a Gaussian copula function, looked like an unambiguously positive breakthrough, a piece of financial technology that allowed hugely complex risks to be modeled with more ease and accuracy than ever before. With his brilliant spark of mathematical legerdemain, Li made it possible for traders to sell vast quantities of new securities, expanding financial markets to unimaginable levels.
His method was adopted by everybody from bond investors and Wall Street banks to ratings agencies and regulators. And it became so deeply entrenched—and was making people so much money—that warnings about its limitations were largely ignored.
Then the model fell apart. Cracks started appearing early on, when financial markets began behaving in ways that users of Li’s formula hadn’t expected. The cracks became full-fledged canyons in 2008—when ruptures in the financial system’s foundation swallowed up trillions of dollars and put the survival of the global banking system in serious peril.
David X. Li, it’s safe to say, won’t be getting that Nobel anytime soon. One result of the collapse has been the end of financial economics as something to be celebrated rather than feared. And Li’s Gaussian copula formula will go down in history as instrumental in causing the unfathomable losses that brought the world financial system to its knees.
How could one formula pack such a devastating punch? The answer lies in the bond market, the multitrillion-dollar system that allows pension funds, insurance companies, and hedge funds to lend trillions of dollars to companies, countries, and home buyers.
A bond, of course, is just an IOU, a promise to pay back money with interest by certain dates. If a company—say, IBM—borrows money by issuing a bond, investors will look very closely over its accounts to make sure it has the wherewithal to repay them. The higher the perceived risk—and there’s always some risk—the higher the interest rate the bond must carry.
Bond investors are very comfortable with the concept of probability. If there’s a 1 percent chance of default but they get an extra two percentage points in interest, they’re ahead of the game overall—like a casino, which is happy to lose big sums every so often in return for profits most of the time.
Bond investors also invest in pools of hundreds or even thousands of mortgages. The potential sums involved are staggering: Americans now owe more than $11 trillion on their homes. But mortgage pools are messier than most bonds. There’s no guaranteed interest rate, since the amount of money homeowners collectively pay back every month is a function of how many have refinanced and how many have defaulted. There’s certainly no fixed maturity date: Money shows up in irregular chunks as people pay down their mortgages at unpredictable times—for instance, when they decide to sell their house. And most problematic, there’s no easy way to assign a single probability to the chance of default.
Wall Street solved many of these problems through a process called tranching, which divides a pool and allows for the creation of safe bonds with a risk-free triple-A credit rating. Investors in the first tranche, or slice, are first in line to be paid off. Those next in line might get only a double-A credit rating on their tranche of bonds but will be able to charge a higher interest rate for bearing the slightly higher chance of default. And so on.
"…correlation is charlatanism"
Photo: AP photo/Richard Drew
The reason that ratings agencies and investors felt so safe with the triple-A tranches was that they believed there was no way hundreds of homeowners would all default on their loans at the same time. One person might lose his job, another might fall ill. But those are individual calamities that don’t affect the mortgage pool much as a whole: Everybody else is still making their payments on time.
But not all calamities are individual, and tranching still hadn’t solved all the problems of mortgage-pool risk. Some things, like falling house prices, affect a large number of people at once. If home values in your neighborhood decline and you lose some of your equity, there’s a good chance your neighbors will lose theirs as well. If, as a result, you default on your mortgage, there’s a higher probability they will default, too. That’s called correlation—the degree to which one variable moves in line with another—and measuring it is an important part of determining how risky mortgage bonds are.
Investors like risk, as long as they can price it. What they hate is uncertainty—not knowing how big the risk is. As a result, bond investors and mortgage lenders desperately want to be able to measure, model, and price correlation. Before quantitative models came along, the only time investors were comfortable putting their money in mortgage pools was when there was no risk whatsoever—in other words, when the bonds were guaranteed implicitly by the federal government through Fannie Mae or Freddie Mac.
Yet during the ’90s, as global markets expanded, there were trillions of new dollars waiting to be put to use lending to borrowers around the world—not just mortgage seekers but also corporations and car buyers and anybody running a balance on their credit card—if only investors could put a number on the correlations between them. The problem is excruciatingly hard, especially when you’re talking about thousands of moving parts. Whoever solved it would earn the eternal gratitude of Wall Street and quite possibly the attention of the Nobel committee as well.
To understand the mathematics of correlation better, consider something simple, like a kid in an elementary school: Let’s call her Alice. The probability that her parents will get divorced this year is about 5 percent, the risk of her getting head lice is about 5 percent, the chance of her seeing a teacher slip on a banana peel is about 5 percent, and the likelihood of her winning the class spelling bee is about 5 percent. If investors were trading securities based on the chances of those things happening only to Alice, they would all trade at more or less the same price.
But something important happens when we start looking at two kids rather than one—not just Alice but also the girl she sits next to, Britney. If Britney’s parents get divorced, what are the chances that Alice’s parents will get divorced, too? Still about 5 percent: The correlation there is close to zero. But if Britney gets head lice, the chance that Alice will get head lice is much higher, about 50 percent—which means the correlation is probably up in the 0.5 range. If Britney sees a teacher slip on a banana peel, what is the chance that Alice will see it, too? Very high indeed, since they sit next to each other: It could be as much as 95 percent, which means the correlation is close to 1. And if Britney wins the class spelling bee, the chance of Alice winning it is zero, which means the correlation is negative: -1.
If investors were trading securities based on the chances of these things happening to both Alice and Britney, the prices would be all over the place, because the correlations vary so much.
But it’s a very inexact science. Just measuring those initial 5 percent probabilities involves collecting lots of disparate data points and subjecting them to all manner of statistical and error analysis. Trying to assess the conditional probabilities—the chance that Alice will get head lice if Britney gets head lice—is an order of magnitude harder, since those data points are much rarer. As a result of the scarcity of historical data, the errors there are likely to be much greater.
In the world of mortgages, it’s harder still. What is the chance that any given home will decline in value? You can look at the past history of housing prices to give you an idea, but surely the nation’s macroeconomic situation also plays an important role. And what is the chance that if a home in one state falls in value, a similar home in another state will fall in value as well?
Here’s what killed your 401(k) David X. Li’s Gaussian copula function as first published in 2000. Investors exploited it as a quick—and fatally flawed—way to assess risk. A shorter version appears on this month’s cover of Wired.
Specifically, this is a joint default probability—the likelihood that any two members of the pool (A and B) will both default. It’s what investors are looking for, and the rest of the formula provides the answer.
The amount of time between now and when A and B can be expected to default. Li took the idea from a concept in actuarial science that charts what happens to someone’s life expectancy when their spouse dies.
A dangerously precise concept, since it leaves no room for error. Clean equations help both quants and their managers forget that the real world contains a surprising amount of uncertainty, fuzziness, and precariousness.
This couples (hence the Latinate term copula) the individual probabilities associated with A and B to come up with a single number. Errors here massively increase the risk of the whole equation blowing up.
The probabilities of how long A and B are likely to survive. Since these are not certainties, they can be dangerous: Small miscalculations may leave you facing much more risk than the formula indicates.
The all-powerful correlation parameter, which reduces correlation to a single constant—something that should be highly improbable, if not impossible. This is the magic number that made Li’s copula function irresistible.
Enter Li, a star mathematician who grew up in rural China in the 1960s. He excelled in school and eventually got a master’s degree in economics from Nankai University before leaving the country to get an MBA from Laval University in Quebec. That was followed by two more degrees: a master’s in actuarial science and a PhD in statistics, both from Ontario’s University of Waterloo. In 1997 he landed at Canadian Imperial Bank of Commerce, where his financial career began in earnest; he later moved to Barclays Capital and by 2004 was charged with rebuilding its quantitative analytics team.
Li’s trajectory is typical of the quant era, which began in the mid-1980s. Academia could never compete with the enormous salaries that banks and hedge funds were offering. At the same time, legions of math and physics PhDs were required to create, price, and arbitrage Wall Street’s ever more complex investment structures.
In 2000, while working at JPMorgan Chase, Li published a paper in The Journal of Fixed Income titled "On Default Correlation: A Copula Function Approach." (In statistics, a copula is used to couple the behavior of two or more variables.) Using some relatively simple math—by Wall Street standards, anyway—Li came up with an ingenious way to model default correlation without even looking at historical default data. Instead, he used market data about the prices of instruments known as credit default swaps.
If you’re an investor, you have a choice these days: You can either lend directly to borrowers or sell investors credit default swaps, insurance against those same borrowers defaulting. Either way, you get a regular income stream—interest payments or insurance payments—and either way, if the borrower defaults, you lose a lot of money. The returns on both strategies are nearly identical, but because an unlimited number of credit default swaps can be sold against each borrower, the supply of swaps isn’t constrained the way the supply of bonds is, so the CDS market managed to grow extremely rapidly. Though credit default swaps were relatively new when Li’s paper came out, they soon became a bigger and more liquid market than the bonds on which they were based.
When the price of a credit default swap goes up, that indicates that default risk has risen. Li’s breakthrough was that instead of waiting to assemble enough historical data about actual defaults, which are rare in the real world, he used historical prices from the CDS market. It’s hard to build a historical model to predict Alice’s or Britney’s behavior, but anybody could see whether the price of credit default swaps on Britney tended to move in the same direction as that on Alice. If it did, then there was a strong correlation between Alice’s and Britney’s default risks, as priced by the market. Li wrote a model that used price rather than real-world default data as a shortcut (making an implicit assumption that financial markets in general, and CDS markets in particular, can price default risk correctly).
It was a brilliant simplification of an intractable problem. And Li didn’t just radically dumb down the difficulty of working out correlations; he decided not to even bother trying to map and calculate all the nearly infinite relationships between the various loans that made up a pool. What happens when the number of pool members increases or when you mix negative correlations with positive ones? Never mind all that, he said. The only thing that matters is the final correlation number—one clean, simple, all-sufficient figure that sums up everything.
The effect on the securitization market was electric. Armed with Li’s formula, Wall Street’s quants saw a new world of possibilities. And the first thing they did was start creating a huge number of brand-new triple-A securities. Using Li’s copula approach meant that ratings agencies like Moody’s—or anybody wanting to model the risk of a tranche—no longer needed to puzzle over the underlying securities. All they needed was that correlation number, and out would come a rating telling them how safe or risky the tranche was.
As a result, just about anything could be bundled and turned into a triple-A bond—corporate bonds, bank loans, mortgage-backed securities, whatever you liked. The consequent pools were often known as collateralized debt obligations, or CDOs. You could tranche that pool and create a triple-A security even if none of the components were themselves triple-A. You could even take lower-rated tranches of other CDOs, put them in a pool, and tranche them—an instrument known as a CDO-squared, which at that point was so far removed from any actual underlying bond or loan or mortgage that no one really had a clue what it included. But it didn’t matter. All you needed was Li’s copula function.
The CDS and CDO markets grew together, feeding on each other. At the end of 2001, there was $920 billion in credit default swaps outstanding. By the end of 2007, that number had skyrocketed to more than $62 trillion. The CDO market, which stood at $275 billion in 2000, grew to $4.7 trillion by 2006.
At the heart of it all was Li’s formula. When you talk to market participants, they use words like beautiful, simple, and, most commonly, tractable. It could be applied anywhere, for anything, and was quickly adopted not only by banks packaging new bonds but also by traders and hedge funds dreaming up complex trades between those bonds.
"The corporate CDO world relied almost exclusively on this copula-based correlation model," says Darrell Duffie, a Stanford University finance professor who served on Moody’s Academic Advisory Research Committee. The Gaussian copula soon became such a universally accepted part of the world’s financial vocabulary that brokers started quoting prices for bond tranches based on their correlations. "Correlation trading has spread through the psyche of the financial markets like a highly infectious thought virus," wrote derivatives guru Janet Tavakoli in 2006.
The damage was foreseeable and, in fact, foreseen. In 1998, before Li had even invented his copula function, Paul Wilmott wrote that "the correlations between financial quantities are notoriously unstable." Wilmott, a quantitative-finance consultant and lecturer, argued that no theory should be built on such unpredictable parameters. And he wasn’t alone. During the boom years, everybody could reel off reasons why the Gaussian copula function wasn’t perfect. Li’s approach made no allowance for unpredictability: It assumed that correlation was a constant rather than something mercurial. Investment banks would regularly phone Stanford’s Duffie and ask him to come in and talk to them about exactly what Li’s copula was. Every time, he would warn them that it was not suitable for use in risk management or valuation.
David X. Li
Illustration: David A. Johnson
In hindsight, ignoring those warnings looks foolhardy. But at the time, it was easy. Banks dismissed them, partly because the managers empowered to apply the brakes didn’t understand the arguments between various arms of the quant universe. Besides, they were making too much money to stop.
In finance, you can never reduce risk outright; you can only try to set up a market in which people who don’t want risk sell it to those who do. But in the CDO market, people used the Gaussian copula model to convince themselves they didn’t have any risk at all, when in fact they just didn’t have any risk 99 percent of the time. The other 1 percent of the time they blew up. Those explosions may have been rare, but they could destroy all previous gains, and then some.
Li’s copula function was used to price hundreds of billions of dollars’ worth of CDOs filled with mortgages. And because the copula function used CDS prices to calculate correlation, it was forced to confine itself to looking at the period of time when those credit default swaps had been in existence: less than a decade, a period when house prices soared. Naturally, default correlations were very low in those years. But when the mortgage boom ended abruptly and home values started falling across the country, correlations soared.
Bankers securitizing mortgages knew that their models were highly sensitive to house-price appreciation. If it ever turned negative on a national scale, a lot of bonds that had been rated triple-A, or risk-free, by copula-powered computer models would blow up. But no one was willing to stop the creation of CDOs, and the big investment banks happily kept on building more, drawing their correlation data from a period when real estate only went up.
"Everyone was pinning their hopes on house prices continuing to rise," says Kai Gilkes of the credit research firm CreditSights, who spent 10 years working at ratings agencies. "When they stopped rising, pretty much everyone was caught on the wrong side, because the sensitivity to house prices was huge. And there was just no getting around it. Why didn’t rating agencies build in some cushion for this sensitivity to a house-price-depreciation scenario? Because if they had, they would have never rated a single mortgage-backed CDO."
Bankers should have noted that very small changes in their underlying assumptions could result in very large changes in the correlation number. They also should have noticed that the results they were seeing were much less volatile than they should have been—which implied that the risk was being moved elsewhere. Where had the risk gone?
They didn’t know, or didn’t ask. One reason was that the outputs came from "black box" computer models and were hard to subject to a commonsense smell test. Another was that the quants, who should have been more aware of the copula’s weaknesses, weren’t the ones making the big asset-allocation decisions. Their managers, who made the actual calls, lacked the math skills to understand what the models were doing or how they worked. They could, however, understand something as simple as a single correlation number. That was the problem.
"The relationship between two assets can never be captured by a single scalar quantity," Wilmott says. For instance, consider the share prices of two sneaker manufacturers: When the market for sneakers is growing, both companies do well and the correlation between them is high. But when one company gets a lot of celebrity endorsements and starts stealing market share from the other, the stock prices diverge and the correlation between them turns negative. And when the nation morphs into a land of flip-flop-wearing couch potatoes, both companies decline and the correlation becomes positive again. It’s impossible to sum up such a history in one correlation number, but CDOs were invariably sold on the premise that correlation was more of a constant than a variable.
No one knew all of this better than David X. Li: "Very few people understand the essence of the model," he told The Wall Street Journal way back in fall 2005.
"Li can’t be blamed," says Gilkes of CreditSights. After all, he just invented the model. Instead, we should blame the bankers who misinterpreted it. And even then, the real danger was created not because any given trader adopted it but because every trader did. In financial markets, everybody doing the same thing is the classic recipe for a bubble and inevitable bust.
Nassim Nicholas Taleb, hedge fund manager and author of The Black Swan, is particularly harsh when it comes to the copula. "People got very excited about the Gaussian copula because of its mathematical elegance, but the thing never worked," he says. "Co-association between securities is not measurable using correlation," because past history can never prepare you for that one day when everything goes south. "Anything that relies on correlation is charlatanism."
Li has been notably absent from the current debate over the causes of the crash. In fact, he is no longer even in the US. Last year, he moved to Beijing to head up the risk-management department of China International Capital Corporation. In a recent conversation, he seemed reluctant to discuss his paper and said he couldn’t talk without permission from the PR department. In response to a subsequent request, CICC’s press office sent an email saying that Li was no longer doing the kind of work he did in his previous job and, therefore, would not be speaking to the media.
In the world of finance, too many quants see only the numbers before them and forget about the concrete reality the figures are supposed to represent. They think they can model just a few years’ worth of data and come up with probabilities for things that may happen only once every 10,000 years. Then people invest on the basis of those probabilities, without stopping to wonder whether the numbers make any sense at all.
As Li himself said of his own model: "The most dangerous part is when people believe everything coming out of it."
Statistics: Posted by yoda — Mon Mar 19, 2012 4:43 pm
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Flashback to May 2009: Media Ignored U.S. Military Burning Bibles to Appease Afghans
Statistics: Posted by yoda — Sat Feb 25, 2012 8:46 am
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At least 120 people have been killed in a series of bombings and attacks by Islamist militants in the northern Nigerian city of Kano.
Soldiers and police officers are out in force in the city in Nigeria’s Muslim north, where gunfire is still ringing out in some quarters.
The Islamist group Boko Haram, which has been blamed for hundreds of deaths in recent months, has claimed responsibility for the attacks.
A mortuary attendant at Murtala Muhammed hospital, the largest in Kano, said they had 126 bodies of people who died in the attacks, which began at 5pm on Friday afternoon after Muslim prayers. AP reported that there were soldiers and police officers among the dead.Nwakpa O Nwakpa, a spokesman for the Nigerian Red Cross, said officials were continuing to collect corpses scattered around sites of the attacks. "From what they are saying, there are many involved, either wounded or dead," Nwakpa said.
A survey of two hospitals by the Red Cross said at least 50 people were injured in Friday’s attack, he added.In a statement issued late on Friday, federal police spokesman Olusola Amore said attackers targeted five police buildings, two immigration offices and the local headquarters of the State Security Service, Nigeria’s secret police.
"The police have commenced investigation and therefore use this medium to call for calm among the residents of Kano as police are doing their best to bring the situation under control," Amore said.
Police are "appealing to members of the public to come forward with information on the identity and location of these hoodlums. Information given will be treated with utmost confidentiality."
A massive blast caused when a suicide bomber who drove a car full of explosives into a regional police headquarters shook cars miles away. Inmates at the regional police headquarters fled amid gunfire, witnesses said.
State authorities declared a 24-hour curfew late on Friday as residents hid inside their homes amid the fighting.
A Boko Haram spokesman, using the nom de guerre Abul-Qaqa, claimed responsibility for the attacks, which he said were retaliation at the state government refusing to release members of the Islamist terrorist group.
Boko Haram, which seeks to implement strict Sharia law across Nigeria, is responsible for at least 510 killings last year, according to the Associated Press. The group has been blamed for at least 76 killings this year, the news agency added.
The targets of Boko Haram, whose name means "estern education is sacrilege" in the local Hausa language, have included both Muslims and Christians. Bit the militants have promised to kill any Christians living in Nigeria’s predominantly Muslim north.
The group previously claimed responsibility for a suicide car bombing in August that targeted the UN headquarters in the capital, Abuja, killing 25 people and wounding more than 100. The sect killed at least 42 people during a series of attacks on Christmas Day, which included the bombing of a Catholic church outside Abuja.
Statistics: Posted by yoda — Sat Jan 21, 2012 9:25 am
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