On the afternoon of November 1, 2010, Julian Assange, the Australian-born founder of WikiLeaks.org, marched with his lawyer into the London office of Alan Rusbridger, the editor of The Guardian. Assange was pallid and sweaty, his thin frame racked by a cough that had been plaguing him for weeks. He was also angry, and his message was simple: he would sue the newspaper if it went ahead and published stories based on the quarter of a million documents that he had handed over to The Guardian just three months earlier. The encounter was one among many twists and turns in the collaboration between WikiLeaks—a four-year-old nonprofit that accepts anonymous submissions of previously secret material and publishes them on its Web site—and some of the world’s most respected newspapers. The collaboration was unprecedented, and brought global attention to a cache of confidential documents—embarrassing when not disturbing—about American military and diplomatic activity around the world. But the partnership was also troubled from the start.
In Rusbridger’s office, Assange’s position was rife with ironies. An unwavering advocate of full, unfettered disclosure of primary-source material, Assange was now seeking to keep highly sensitive information from reaching a broader audience. He had become the victim of his own methods: someone at WikiLeaks, where there was no shortage of disgruntled volunteers, had leaked the last big segment of the documents, and they ended up at The Guardian in such a way that the paper was released from its previous agreement with Assange—that The Guardian would publish its stories only when Assange gave his permission. Enraged that he had lost control, Assange unleashed his threat, arguing that he owned the information and had a financial interest in how and when it was released.
The Guardian partnership was the first of its kind between a mainstream media organization and WikiLeaks. The future of such collaborations remains very much in doubt. WikiLeaks, torn by staff defections, technical problems, and a crippling shortage of money, has been both battered and rejuvenated by the events of the past several months. A number of companies—PayPal, Visa, and MasterCard—stopped acting as conduits for donations, even as international publicity has attracted high-profile supporters and many new donors. Kristinn Hrafnsson, a close associate of Assange’s and a WikiLeaks spokesman, promises that WikiLeaks will pursue legal action against the companies. Although it is not known where the instigation came from, hackers launched a wave of sympathy…
A former Swiss banker was on Monday due to hand over files to WikiLeaks which he alleges detail attempts by wealthy business leaders and lawmakers to evade tax payments.
Rudolf Elmer, a former employee of Swiss-based Bank Julius Baer, told Britain’s Observer newspaper on Sunday that the documents include details of about 2,000 accounts held in offshore financial centers. He says the account holders include "high net worth" celebrities, business leaders and lawmakers from the U.S., Britain and Asia.
Elmer’s press conference comes two days before he is due to appear before a Zurich regional court to answer charges of coercion and violating Switzerland’s strict banking secrecy laws.
He told the Observer newspaper he planned to disclose the new set of files to expose activities in offshore financial centers. "The one thing on which I am absolutely clear is that the banks know, and the big boys know, that money is being secreted away for tax-evasion purposes," he was quoted as telling the newspaper.
Rudolf Elmer, an ex-employee of Swiss-based Bank Julius Baer, said there were 2,000 account holders named in the documents, but refused to give details of the companies or individuals involved.
He has previously offered files to WikiLeaks on financial activities in the Cayman Islands and faces a court hearing in Zurich on Wednesday to answer charges of coercion and violating Switzerland’s strict banking secrecy laws.
"I do think as a banker I have the right to stand up if something is wrong," said Elmer, who addressed reporters at London’s Frontline Club alongside WikiLeaks founder Julian Assange.
"I am against the system. I know how the system works and I know the day-to-day business. From that point of view, I wanted to let society know what I know. It is damaging our society," Elmer said.
Britain’s tax authority declined to comment when asked about Assange’s plan to supply details of alleged wrongdoing.
Under the terms of his release on bail, Assange must live at the mansion home of Vaughan Smith, the owner of the Frontline Club. He has compared the regime to "high-tech house arrest," but has recently promised that the flow of leaked documents published by his organization would increase.
Let’s be clear here: A year ago, Assange said he had the hard drive of a Bank of America executive. More recently, he’s said that WikiLeaks is preparing to disclose evidence of an “ecosystem of corruption” at a big US bank. He expects the disclosures to cause resignations. There’s a widespread expectations that Bank of America is the target, even though Assange has been coy about that.
But one thing that’s highly unlikely is that Assange is making this up.
It’s possible everyone is wrong in connecting the dots here. Maybe the new megaleak has nothing to do with Bank of America. It’s also possible that Assange is over-confident in the importance of his information.
WikiLeaks has moved its site twice already and now its domain name has been shut down because of massive cyber attacks.
In my opinion these coordinated attacks come from government agencies around the world who do not want to be embarrassed by WikiLeaks data. If it’s not government agencies, then who is it?
Moreover, and by extension, governments (or whoever is doing this) could shut down any site via these same kind of massive coordinated cyber attacks. If I am correct, data gathered about the success or failure of these suppression efforts will feed into every military contingency plan in the world.
The first casualty of war is the truth, and what better way to shut off the truth than killing internet sites not to one’s liking.
Whistle-blowing website Wikileaks has been forced to change its web address after the company providing its domain name cut off service.
EveryDNS.net said it had terminated services because Wikileaks.org had come under massive cyber attacks. But Wikileaks has already reappeared using a Swiss web address.
The more of these sites there are, the more difficult it will be to shut Wikileaks down, security analyst Paul Mutton told the BBC.
In France, Industry Minister Eric Besson has called for a ban of Wikileaks on French servers.
In a statement on its website, EveryDNS.net said it had issued a 24-hour termination notice to Wikileaks which ended at 0300 GMT on 2 December.
It said the domain wikileaks.org had become the target of "multiple distributed denial of service (DDOS) attacks".
"These attacks have, and future attacks would, threaten the stability of the EveryDNS.net infrastructure, which enables access to almost 500,000 other websites," it said.
A site as controversial and savvy as Wikileaks has plenty up its sleeve, like the mysterious encrypted file labelled ‘insurance’, which is believed to have been posted on Bit Torrent and is rumoured to contain all the leaks.
Stephen Sackur will be hosting a special programme debating the effect of the leaks – Wikileaks: Open Secret at 1630GMT on BBC World News & 1930GMT on the BBC World Service
Does anyone seriously think this is not a case of too, little, to late? Moreover, the more governments try to prevent access, the more curious people will become about what is…
"Today the Whitehouse put out a private briefing to reporters about Wikileaks and me and it quoted a section from an interview with me in Die Spiegel saying that I enjoy crushing ——--.
"Somehow the Whitehouse finds that offensive.
"In terms of returning to the United States I don’t know. Our sources advise from inside the US government that there were thoughts of whether I could be charged as a co-conspirator to espionage, which is serious.
"That doesn’t seem to be the thinking within the United States any more however there is the other possibility of being detained as a material witness and being kept either in confinement or not being allowed to leave the country until the Manning case is concluded."
You can implode our banking system all you want but don’t you dare mess with our 9 year long wars.
In the aftermath of last week's dramatic events which have seen Turkey make a unilateral breach of NATO's unwritten rules of engagement by taking down a Russian jet, coupled with an assault on civil right and expression of speech when two journalists were arrested for exposing Turkish arms smuggling to Syria, culminating with the assassination of a prominent enemy of the state on live TV, one would expect that the "democratic, humanistic" western countries would at least issue a harsh condemnation of Erdogan's behavior.
That won't happen: instead, the European Union will pay Turkey $3.2 billion to help it stop the flow of refugees to Europe from the conflict in Syria, 2.2 million...
As evidenced by the Greek, Chinese, and now Argentine 'jumps', the world remains increasingly aware of the inevitable worth of fiat currencies and fears the desperate acts of governments as the react to that reality (and is looking for alternatives).
This infographic explains the wide ranges of the Bitcoin universe, accompanied with quotes from some of its best-known business leaders.
I wrote the first three parts of this article back in September and planned to finish it in early October, but life intervened and truthfully I don’t think I was ready to confront how bad things will likely get as this Fourth Turning moves into the violent, chaotic war stage just over the horizon.
The developments in the Middle East, Europe, U.S., China and across the globe in the last months have confirmed my belief war drums are beating louder, global war beckons, and much bloodshed will be the result. Fourth Turnings proceed at their own pace within the 20 to 25 year crisis framework, but there is one guarantee – they never de-intensify as they progress. Just as Winter gets colder, stormier and more bitter as you proceed from December through February, Fourth Turni...
We are entering one of the most bullish times of the year historically. As we mentioned last week, the final 30 trading days of the year have been higher each of the last 12 years.
CLICK ON CHART TO ENLARGE
Getting to today, it is Black Friday – the official start to the holiday spending season. We’ve seen many stats that show this day isn’t quite as important as it once was. From many sales now starting on Thanksgiving, to Cyber Monday this coming Monday – there are other times people are looking for the best deals. None the less,...
Nope it is not interest rates, nope it is not Donald Trump, it is!
It is the CRUDE OIL crash, simple!
Jim Willie has good comments in the first 40 min of this pod cast.
Energy company ... - Debt is blowing up (See energy element of HYG). - Hedging at oil $100 is coming to an end. - Iran coming back to the market, more supply. - Saudi still providing massive supply. - Oil tankers holding oil parked in the ocean are coming in to harbor to unload - US dollar strength supports lower oil prices - World wide DEMAND slump for energy or deflation. - More oil being sold outside the US Dollar - The Oil futures can not be manipulated easily as folks actually ...
Some weeks when I write this article there is little new to talk about from the prior week. It’s always the Fed, global QE, China growth, election chatter, oil prices, etc. And then there are times like this in which there is so much happening that I don’t know where to start. Of course, the biggest market-moving news came the weekend before last when Paris was put face-to-face with the depths of human depravity and savagery. And yet the stock market responded with its best week of the year. As a result, the key issues dominating the front page and election chatter have moved from the economy and jobs to national security and a real war (rather than police ...
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1) The shares of one of my largest short positions (~3%), Exact Sciences, crashed by more than 46% yesterday. Below is the article I published this morning on SeekingAlpha, explaining why I think it’s still a great short and thus shorted more yesterday. Here’s a summary:
The U.S. Preventative Services Task Force’s Colorectal Cancer Screening Draft Recommendation issued yesterday is devastating for Exact Sciences’ only product, Cologuard.
I think this is the beginning of the end for the company.
My price target for the stock a year from now is $3, so I shorted more yes...
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Baxter Int. (BAX) is splitting off its BioSciences division into a new company called Baxalta. Shares of Baxalta will be given as a tax-free dividend, in the ratio of one to one, to BAX holders on record on June 17, 2015. That means, if you want to receive the Baxalta dividend, you need to buy the stock this week (on or before June 12).
Back in December, I wrote a post on my blog where I compared the performances of various ETFs related to the oil industry. I was looking for the best possible proxy to match the moves of oil prices if you didn't want to play with futures. At the time, I concluded that for medium term trades, USO and the leveraged ETFs UCO and SCO were the most promising. Longer term, broader ETFs like OIH and XLE might make better investment if oil prices do recover to more profitable prices since ETF linked to futures like USO, UCO and SCO do suffer from decay. It also seemed that DIG and DUG could be promising if OIH could recover as it should with the price of oil, but that they don't make a good proxy for the price of oil itself.
This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible. Feel free to contact me directly at email@example.com with any questions.
Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts. After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.) Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.
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