Cops hid use of phone tracking tech in court documents at feds’ request

Cops hid use of phone tracking tech in court documents at feds’ requestFurther Reading Keeping tabs on civilian phones? There’s more than one way to skin that cat.On Thursday evening, the ACLU published a 2009 e-mail exchange (PDF) between police departments in Sarasota, Florida, and North Port, Florida, indicating that local law enforcement had concealed the use of cell phone-tracking Stingray devices in court documents.

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BlackRock, Pimco sue over billions in mortgage securities losses

BlackRock, Pimco sue over billions in mortgage securities lossesThe lawsuits, filed in New York state court, claim the trustees breached their duties to investors by failing to force lenders and sponsors of the securities to repurchase defective loans, the suits claim. The investors are seeking damages for losses that exceed $250 billion and relate to over 2,200 residential mortgage-backed securities trusts issued between 2004 and 2008, according to a person familiar with the cases.

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‘The truth is worse than we imagine’: One-quarter of public company deals involve insider trading

‘The truth is worse than we imagine’: One-quarter of public company deals involve insider tradingAndrew Burton / Getty Images / AFP An award-winning new study claims that more than a quarter of all public company deals involve transactions that could be consider examples of insider trading. The recently published report from Menachem Brenner and Marti G.

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‘Welcome to Police Industrial Complex’ – former Philly commissioner

‘Welcome to Police Industrial Complex’ – former Philly commissionerDangerous, alienating, and sociopathic: the policy of arming police to the teeth with military-grade gear shows a fundamental misunderstanding of how crime is solved and what it means for a cop to walk the beat, former Captain Ray Lewis told RT. Nine-foot tall, 55,000 pound, Mine-Resistant Ambush Protected (MRAP) armored-fighting vehicles rolling through the streets of America.

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Judge allows US Marshals’ seizure of stingray records, dimisses lawsuit

Judge allows US Marshals’ seizure of stingray records, dimisses lawsuitFurther Reading After an ordinary stingray records request, the feds drive the files 320 miles. The American Civil Liberties Union has lost in its attempt to get the city of Sarasota, Florida, to hand over city records pertaining to the use of stingrays, or fake cell tower surveillance devices.

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The Constitution Impaired; the Bill of Rights Annulled

The Constitution Impaired; the Bill of Rights AnnulledTruthout is serializing Beatrice Edwards’ book, The Rise of the American Corporate Security State. To read more excerpts from this book, click here. Reason to be afraid #3: The separation of powers established by the Constitution is eroding. Rights guaranteed by constitutional amendments are becoming irrelevant.

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Anat Admati on Seeing Through ‘The Banker’s New Clothes’

Anat Admati on Seeing Through ‘The Banker’s New Clothes’This week, Bill speaks with Anat Admati, an economist at Stanford University, about how our banks are actually larger now than they were before the 2008 crash – and still living dangerously. In this TEDx Stanford talk she delivered earlier this year, Admati explains how she fell into a “rabbit hole” when she started studying banking around the time of the financial crisis.

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The Velocity Of Money In The U.S. Falls To An All-Time Record Low

The Velocity Of Money In The U.S. Falls To An All-Time Record LowPreface by Washington’s Blog: Read this for background on why the velocity of money has crashed. By Michael Snyder: When an economy is healthy, there is lots of buying and selling and money tends to move around quite rapidly. Unfortunately, the U.S. economy is the exact opposite of that right now.

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The Size Of The Derivatives Bubble Hanging Over The Global Economy Hits A Record High

The Size Of The Derivatives Bubble Hanging Over The Global Economy Hits A Record HighBy Michael Snyder. The global derivatives bubble is now 20 percent bigger than it was just before the last great financial crisis struck in 2008. It is a financial bubble far larger than anything the world has ever seen, and when it finally bursts it is going to be a complete and utter nightmare for the financial system of the planet.

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The Neofeudal-Neoliberal Arrangement: Since We Own What You Need, We Own You

The Neofeudal-Neoliberal Arrangement: Since We Own What You Need, We Own YouNeofeudalism depends on the cultural supremacy of Neoliberalism, the belief that the social order is defined and created by markets. I’ve been discussing the essence of Neofeudalism this week: those with access to the low-interest unlimited credit spigot of the Federal Reserve become more equal than others-the perfect Orwellian description of a Neofeudal arrangement in which financial leverage buys not just rentier assets but political power and control.

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