The Rumor Mill News Reading Room
Teri Buhl - Keiser Report - JP Morgan's $9 Billion Problem
Posted By: FreePlanet
Date: Friday, 6-Jul-2012 04:43:03
Date: Friday, 6-Jul-2012 04:43:03
|
Friday, July 6, 2012
Teri Buhl - Keiser Report - JP Morgan's $9 Billion Problem
Malware Check - Do Before Monday!
To: Undisclosed-recipients:;
Subject: Malware Virus ????
Date: Thu, 5 Jul 2012 19:23:04 -0400 (EDT)
Subject: Malware Virus ????
Date: Thu, 5 Jul 2012 19:23:04 -0400 (EDT)
I got the below Email from a friend. Irvin
Hi, I had my Technician, to check out my Computer, & mine was OK. He put the info below where you can check yours. If you can't, then you might have to call your Tec. Irvin Neargarder.msn.com/technology/technolog/malware-may-block-thousands-monday-so-check-your-pc-864024
to test pc, go to:
select one of the English url's in the list below (may have to try the second one)
Below is the Email I received. Irvin
http://www.fox19.com/story/18953321/malware-may-knock-thousands-off-internet-on-monday
Here is where you go to check. It will tell you if you need to do anything http://www.dcwg.org/detect/.
Foreclosure - Lawsuit claims foreclosure proceedings led to father's fatal heart attack
Lawsuit claims foreclosure proceedings led to father's fatal heart attack
WFAA
Posted on July 5, 2012 at 10:29 PM
GRAND PRAIRIE - Jo Engel still cries when someone says his name. Her husband Harry was her everything, for 56 years.
"I'll try to not cry about it, but I'll never get over him," she said.
Their daughter, Debra, said her father was the glue that held them all together. And their home wasn't just a home.
"It was our security," she said.
As her parents aged a fixed income forced them to cut back, so after living in their Grand Prairie home for 22 years, a letter offering a lower refinancing rate sounded attractive. They say they went to see a JP Morgan Chase employee in person to discuss it, and he told them in order to qualify for the program, they had to skip a mortgage payment. So they did.
"They relied on that," said attorney Chris Ash. "They did exactly what they were instructed to do, missed a payment, followed instructions to the letter."
Ash said the Engels paid a lower mortgage for about a year before other letters started arriving in their mailbox, and knocks on the door began.
The family said the letters said JP Morgan Chase was kicking them out of the refinancing program. Late fees and penalties were adding up.
Foreclosure proceedings began, and the Engels say eviction was even threatened.
"When he got those letters, he just changed," Debra said.
Harry Engel repaid what he could, but on July 1, 2010, he suffered a sudden heart attack and died. He was 79 years old, but was in good health, Debra said.
The Engels blame his death on JP Morgan Chase. They filed a lawsuit against the company.
"He wasn't sick," Debra said. "He couldn't take the stress. The stress of it just killed him."
A spokesman for Chase reviewed the lawsuit, saying "There are serious factual inaccuracies in the filing, but we are not going to comment because it is ongoing litigation."
He added, "We have not completed any foreclosure on the property. We work with homeowners across the country to help them to avoid foreclosure whenever possible."
E-mail twoodard@wfaa.com
"I'll try to not cry about it, but I'll never get over him," she said.
Their daughter, Debra, said her father was the glue that held them all together. And their home wasn't just a home.
"It was our security," she said.
As her parents aged a fixed income forced them to cut back, so after living in their Grand Prairie home for 22 years, a letter offering a lower refinancing rate sounded attractive. They say they went to see a JP Morgan Chase employee in person to discuss it, and he told them in order to qualify for the program, they had to skip a mortgage payment. So they did.
"They relied on that," said attorney Chris Ash. "They did exactly what they were instructed to do, missed a payment, followed instructions to the letter."
Ash said the Engels paid a lower mortgage for about a year before other letters started arriving in their mailbox, and knocks on the door began.
The family said the letters said JP Morgan Chase was kicking them out of the refinancing program. Late fees and penalties were adding up.
Foreclosure proceedings began, and the Engels say eviction was even threatened.
"When he got those letters, he just changed," Debra said.
Harry Engel repaid what he could, but on July 1, 2010, he suffered a sudden heart attack and died. He was 79 years old, but was in good health, Debra said.
The Engels blame his death on JP Morgan Chase. They filed a lawsuit against the company.
"He wasn't sick," Debra said. "He couldn't take the stress. The stress of it just killed him."
A spokesman for Chase reviewed the lawsuit, saying "There are serious factual inaccuracies in the filing, but we are not going to comment because it is ongoing litigation."
He added, "We have not completed any foreclosure on the property. We work with homeowners across the country to help them to avoid foreclosure whenever possible."
E-mail twoodard@wfaa.com
An Encounter From Another Dimension?
This was found posted on another forum - interesting!
-----------------------------------------------------------
I was taken from my bed and brought to a ship in the sky tonight
they are here. so close to us. they are watching everyone. they know so much. they understand only beauty and life.
They speak of our distant memories. They know what it is we found beautiful once. They laid me out flat on a marble table surrounded by white light and probed my memories. They re-created all the people i knew and loved. The showed me myself.
they are preparing.
they put me back :(
i wanted to stay.
They speak of our distant memories. They know what it is we found beautiful once. They laid me out flat on a marble table surrounded by white light and probed my memories. They re-created all the people i knew and loved. The showed me myself.
they are preparing.
they put me back :(
i wanted to stay.
they were giants, or i was suddenly made into a dwarf. Everything was big around me.
They seemed ageless, but also ancient. Golden skin, dark hair, wise all knowing lightly colored eyes. They were like us, but not like us. Every movement they made was delibrate and careful. Their hands were firm yet graceful
They seemed to be made of a core of metal.
They spoke and my ears rang and my head shook.
So much power.
They seemed ageless, but also ancient. Golden skin, dark hair, wise all knowing lightly colored eyes. They were like us, but not like us. Every movement they made was delibrate and careful. Their hands were firm yet graceful
They seemed to be made of a core of metal.
They spoke and my ears rang and my head shook.
So much power.
They gave me something to drink and then i layed down. they were watching. my eyes were closed but i saw them. then the memories came. things i had forgotten. i saw every place i lived. everyone from those places were re-created. the memories grew stonger. they surrounded me in the ship. i couldnt distingish them from reality.
i spoke out a few times. saying things to people long dead. but here NOW.
they just watched and talked quietly amoung themselves. running tests. black space behind them. a planet green but not earth. where was i?
memories coming complete now. emotions. people. thoughts. everything as it was. They were watching how i responded.
why did they put me back?
i spoke out a few times. saying things to people long dead. but here NOW.
they just watched and talked quietly amoung themselves. running tests. black space behind them. a planet green but not earth. where was i?
memories coming complete now. emotions. people. thoughts. everything as it was. They were watching how i responded.
why did they put me back?
They re-created my childhood grade school, right down to patterns on the rugs on the floor. my old teachers, classmates long gone, they were all there again. alive. the girl that I liked. The busrides home! I didnt even know my mind could remember so much. every day remembered, recreated. every emotion i had. as they were then.
they walked around me. never touching me while i experienced these things. but at the same time very near and watchful.
their voices were so heavy. every word, even whispers, rang in my ears. it was as if they were speaking directly into my head. timeless.
they looked out the giant window. into the black void and the all green planet. i was there. on their beautiful ship!
they walked around me. never touching me while i experienced these things. but at the same time very near and watchful.
their voices were so heavy. every word, even whispers, rang in my ears. it was as if they were speaking directly into my head. timeless.
they looked out the giant window. into the black void and the all green planet. i was there. on their beautiful ship!
i did go!
i, i think they are looking for something !
i, i think it has something to do with time itself.
THEY DONT UNDERSTAND TIME I THINK
I THINK THERE WAS NO TIME WHERE I WAS. That was why they were wanting me to remember, to help them understand our concept of time.
or maybe it was something else. im still hazy about it all. YOU SHOULD HAVE SEEN THE SHIP. it was huge. not small like i originally thought. it had four quadrants. there were long mathematical equations on all the walls.
THERE WERE LOTS OF THEM!
i, i think they are looking for something !
i, i think it has something to do with time itself.
THEY DONT UNDERSTAND TIME I THINK
I THINK THERE WAS NO TIME WHERE I WAS. That was why they were wanting me to remember, to help them understand our concept of time.
or maybe it was something else. im still hazy about it all. YOU SHOULD HAVE SEEN THE SHIP. it was huge. not small like i originally thought. it had four quadrants. there were long mathematical equations on all the walls.
THERE WERE LOTS OF THEM!
They couldnt be demons. not them. not in a beautiful ship in space.
why would demons help me to remember wonderful things?
why would demons help me to remember wonderful things?
God fixes things
God fixes things
Perhaps it's a coincidence, but I've had trouble with two things that I've been trying to fix. My friend sent this message to me yesterday, and I did not see it until this morning. But last night the two separate things I've been struggling to fix are all of the sudden just fine. Both of them would have been expensive to replace. You're getting this message because I believe He had a hand in it...
Will this happen? I don't know. Faith goes a long way.
God is going to fix 2 things
God has seen you struggling with something. God says its over.
A Blessing is coming your way.
A Blessing is coming your way.
If you Believe in God send this message on. Don't ignore it.
You are being tested.
God is going to fix TWO things (BIG) tonight in your favor.
If you Believe in God, drop everything and Pass it on.
Tomorrow will be the BEST DAY of your life..
Don't Break this Send this to 10 friends in 10 minutes.
EVERGREEN AIR B-747 TANKER MISSING IN ACTION, NOT FIGHTING COLORADO FIRES
The Rumor Mill News Reading Room
EVERGREEN AIR B-747 TANKER MISSING IN ACTION, NOT FIGHTING COLORADO FIRES
Posted By: Seawitch [Send E-Mail]
Date: Friday, 6-Jul-2012 04:31:28
Date: Friday, 6-Jul-2012 04:31:28
|
Message from SaLuSa by Mike Quinsey - July 6, 2012
The Rumor Mill News Reading Room
Message from SaLuSa by Mike Quinsey - July 6, 2012
Posted By: Mr.Ed [Send E-Mail]
Date: Friday, 6-Jul-2012 04:03:45
Date: Friday, 6-Jul-2012 04:03:45
|
Pretty much sums it all up..... We have some work to do.......
Pretty much sums it all up..... We have some work to do.......
I am certain this will shock you as much as it did me. After viewing it, I was struck asking myself, "Have people in Hollywood finally woken up?" This had to have the permission of the lead string pullers in Hollywood and New York. Does this mean they have finally seen through the wasted hours supporting Agenda 21 and the New World Order programs? Is green energy going to die a calm, quiet death, as it should?
Keep the small kids away when you view it. Yes, of course there has to be adult language in it. How else would it grab our attention?
Marxism in America " - Enslavement of America - General Boykin
Marxism in America " - Enslavement of America - General Boykin
Wake up the brainwashed left lemmings if you can!
Breitbart news is!
Michael Savage is!
Neal Boortz is!
Mark Levine is!
Allen West is!
Now, Ret. General Boykin is!
If not, we will be forced to parade the portrait banner of Manchurian some day! Mark my words!
http://www.youtube.com/watch?v=F1kz2iLO4rY&feature=youtube_gdata_player
Obamacare: Seven New Taxes on Citizens Earning Less than $250,000
Obamacare: Seven New Taxes on Citizens Earning Less than $250,000
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29 Jun 2012
While we were all debating the cost to our liberty due to the Patient Protection and Affordable Care Act (Obamacare), we were ignoring the cost to our pockets. If there ever was a reason for bipartisan rage about this law, it should be on the twenty - yes, twenty - hidden new taxes of this law. Making matters even more relevant is that seven of these taxes are levied on all citizens regardless of income. Hence, Mr. Obama’s promise not to raise taxes on anyone earning less than $250,000 is just another falsehood associated with this legislation.
The first, and best known, of these seven taxes that will hit all Americans as a result of Obamacare is the Individual Mandate Tax (no longer concealed as a penalty). This provision will require a couple to pay the higher of a base tax of $1,360 per year, or 2.5% of adjusted growth income starting with lower base tax and rising to this level by 2016. Individuals will see a base tax of $695 and families a base tax of $2,085 per year by 2016.
Next up is the Medicine Cabinet Tax that took effect in 2011. This tax prohibits reimbursement of expenses for over-the-counter medicine, with the lone exception of insulin, from an employee’s pre-tax dollar funded Health Saving Account (HSA), Flexible Spending Account (FSA) or Health Reimbursement Account (HRA). This provision hurts middle class earners particularly hard since they earn enough to actually pay federal taxes, but not enough to make this restriction negligible.
The Flexible Spending Account (FSA) Cap, which will begin in 2013, is perhaps the most hurtful provision to the middle class. This part of the law imposes a cap of $2,500 per year (which is now unlimited) on the amount of pre-tax dollars that could be deposited into these accounts. Why is this particularly hurtful to the middle class? It is because funds in these accounts may be used to pay for special needs education for special needs children in the United States. Tuition rates for this type of special education can easily exceed $14,000 per year and the use of pre-tax dollars has helped many middle income families.
Another direct hit to the middle class is the Medical Itemized Deduction Hurdle which is currently 7.5% of adjusted gross income. This is the hurdle that must be met before medical expenses over that hurdle can be taken as a deduction on federal income taxes. Obamacare raises this hurdle to 10% of adjusted gross income beginning in 2013. Consider the middle class family with $80,000 of adjusted gross income and $8,000 of medical expenses. Currently, that family can get some relief from being able to take a $2,000 deduction (7.5% X $80,000 = $6,000; $8,000 –$6,000 = $2,000). An increase to 10% would eliminate the deduction in this example and if that family was paying a 25% federal tax rate, the real cost of that lost deduction would be $500.
The fifth new tax on the middle class, and all Americans, is the Health Savings Account (HSA) Withdrawal Tax Hike. This provision increases the additional tax on non-medical early withdrawals from an HSA from 10% currently to 20% beginning in 2013. This provision actually sets these accounts apart from Investment Retirement Accounts (IRAs) and other tax advantaged accounts, all of which remain with a 10% early withdrawal tax.
Another regressive tax that is part of this law began in 2010 and that is the Indoor Tanning Services Tax, which places a 10% excise tax on people using tanning salons. While some may regard this as insignificant, the broader implication is that this act of taxation is a blatant move by the federal government to control the behavior of citizens. This provision, as does the Individual Mandate and as Justice Kennedy said during the oral arguments on the constitutionality of the law said, “….fundamentally changes the relationship between the federal government and the citizen.”
The seventh new tax that directly impacts the middle class, along with all citizens, is the Excise Tax on Comprehensive Health Insurance Plans or the “Cadillac” Health Insurance Plan Tax. These are plans that provide extensive coverage and that are generally fully paid for, or largely paid for, by employers. This provision imposes a 40% excise tax on the employer-paid premium on taxpayers who are covered by such plans, beginning in 2018. The reason it begins in 2018 is because most unionized workers are covered by plans that fall under this definition and a deferral was made to spare union members from this tax for at least a period of time.
There are thirteen other taxes that apply to businesses and that apply to high income (over $250,000 per year) households. While these additional provisions will not impact the middle class directly, they can have serious indirect consequences for middle and low income earners. Beginning in 2014, the Employer Mandate Tax will impose an annual non-deductible tax on employers with more than 50 employees who do not provide health insurance for their employees.
The impact of this provision on low and middle income earners, and really all working Americans, is that employers will be confronted with three choices. The first is provide some level of health insurance, as many do today, and there would be no impact on employees. The second choice is to pay the penalty, which would most likely be less expensive than providing health insurance, and force employees to seek their own health insurance or purchase it through federal government controlled state exchanges. Studies have estimated that 20 million Americans will lose their employee funded health insurance as a result of this provision and employers electing this option. The third choice is for employers to lay off employees, or not hire additional employees, because Obamacare forces them to either provide health insurance or pay the new tax.
Another new tax, the Tax on Medical Device Manufacturers that begins in 2013, places a 2.3% excise tax on all items retailing for more than $100. This provision will not only drive up the cost of various medical devices ranging from mobility assistance devices to personal testing supplies, but will also impact an industry that employs 360,000 people in 6,000 plants across our country. This tax, while not a direct tax, would have significant negative impact on the middle class.
The Surtax on Investment Income for households earning $250,000 and more, beginning in 2013, will raise the Capital Gains Tax from 15% to 23.8% on investment income for these households and will raise Taxes on Dividends from 15% to 43.4% for the same households. Aside from the impact on retired citizens dependent on dividends, this provision will pull income from the private economy. In addition, the tax rate on Other Investment Income earned by Subchapter S Corporation (which many small business are organized as, allowing the owners to claim all business income as personal income) will rise from 35% to 43.4%. This part of the provision would place additional pressure on small businesses resulting in more layoffs and less hiring, impacting all American workers.
All but one of the remaining new taxes in Obamacare are directed at health industry businesses and while they will not impact middle income families directly, the additional costs will most likely be passed on to the public. The last new tax is really interesting, it is a tax on certain biofuels!
These are the facts. It does not matter if you support Mr. Obama and his new law or if you oppose it, the new taxes on the middle class or real and all Americans should understand their impact on their families and the economy. Citizens, regardless of political beliefs, should recognize that Obamacare was passed with almost no sunlight shined on these middle class tax increases and need to understand that the new law was sold with the promise that there would be no new middle class taxes. This is not partisan, it is simply the reality of politics.
For more information, read ATR's analysis of the Affordable Care Act's taxes here.
Next up is the Medicine Cabinet Tax that took effect in 2011. This tax prohibits reimbursement of expenses for over-the-counter medicine, with the lone exception of insulin, from an employee’s pre-tax dollar funded Health Saving Account (HSA), Flexible Spending Account (FSA) or Health Reimbursement Account (HRA). This provision hurts middle class earners particularly hard since they earn enough to actually pay federal taxes, but not enough to make this restriction negligible.
The Flexible Spending Account (FSA) Cap, which will begin in 2013, is perhaps the most hurtful provision to the middle class. This part of the law imposes a cap of $2,500 per year (which is now unlimited) on the amount of pre-tax dollars that could be deposited into these accounts. Why is this particularly hurtful to the middle class? It is because funds in these accounts may be used to pay for special needs education for special needs children in the United States. Tuition rates for this type of special education can easily exceed $14,000 per year and the use of pre-tax dollars has helped many middle income families.
Another direct hit to the middle class is the Medical Itemized Deduction Hurdle which is currently 7.5% of adjusted gross income. This is the hurdle that must be met before medical expenses over that hurdle can be taken as a deduction on federal income taxes. Obamacare raises this hurdle to 10% of adjusted gross income beginning in 2013. Consider the middle class family with $80,000 of adjusted gross income and $8,000 of medical expenses. Currently, that family can get some relief from being able to take a $2,000 deduction (7.5% X $80,000 = $6,000; $8,000 –$6,000 = $2,000). An increase to 10% would eliminate the deduction in this example and if that family was paying a 25% federal tax rate, the real cost of that lost deduction would be $500.
The fifth new tax on the middle class, and all Americans, is the Health Savings Account (HSA) Withdrawal Tax Hike. This provision increases the additional tax on non-medical early withdrawals from an HSA from 10% currently to 20% beginning in 2013. This provision actually sets these accounts apart from Investment Retirement Accounts (IRAs) and other tax advantaged accounts, all of which remain with a 10% early withdrawal tax.
Another regressive tax that is part of this law began in 2010 and that is the Indoor Tanning Services Tax, which places a 10% excise tax on people using tanning salons. While some may regard this as insignificant, the broader implication is that this act of taxation is a blatant move by the federal government to control the behavior of citizens. This provision, as does the Individual Mandate and as Justice Kennedy said during the oral arguments on the constitutionality of the law said, “….fundamentally changes the relationship between the federal government and the citizen.”
The seventh new tax that directly impacts the middle class, along with all citizens, is the Excise Tax on Comprehensive Health Insurance Plans or the “Cadillac” Health Insurance Plan Tax. These are plans that provide extensive coverage and that are generally fully paid for, or largely paid for, by employers. This provision imposes a 40% excise tax on the employer-paid premium on taxpayers who are covered by such plans, beginning in 2018. The reason it begins in 2018 is because most unionized workers are covered by plans that fall under this definition and a deferral was made to spare union members from this tax for at least a period of time.
There are thirteen other taxes that apply to businesses and that apply to high income (over $250,000 per year) households. While these additional provisions will not impact the middle class directly, they can have serious indirect consequences for middle and low income earners. Beginning in 2014, the Employer Mandate Tax will impose an annual non-deductible tax on employers with more than 50 employees who do not provide health insurance for their employees.
The impact of this provision on low and middle income earners, and really all working Americans, is that employers will be confronted with three choices. The first is provide some level of health insurance, as many do today, and there would be no impact on employees. The second choice is to pay the penalty, which would most likely be less expensive than providing health insurance, and force employees to seek their own health insurance or purchase it through federal government controlled state exchanges. Studies have estimated that 20 million Americans will lose their employee funded health insurance as a result of this provision and employers electing this option. The third choice is for employers to lay off employees, or not hire additional employees, because Obamacare forces them to either provide health insurance or pay the new tax.
Another new tax, the Tax on Medical Device Manufacturers that begins in 2013, places a 2.3% excise tax on all items retailing for more than $100. This provision will not only drive up the cost of various medical devices ranging from mobility assistance devices to personal testing supplies, but will also impact an industry that employs 360,000 people in 6,000 plants across our country. This tax, while not a direct tax, would have significant negative impact on the middle class.
The Surtax on Investment Income for households earning $250,000 and more, beginning in 2013, will raise the Capital Gains Tax from 15% to 23.8% on investment income for these households and will raise Taxes on Dividends from 15% to 43.4% for the same households. Aside from the impact on retired citizens dependent on dividends, this provision will pull income from the private economy. In addition, the tax rate on Other Investment Income earned by Subchapter S Corporation (which many small business are organized as, allowing the owners to claim all business income as personal income) will rise from 35% to 43.4%. This part of the provision would place additional pressure on small businesses resulting in more layoffs and less hiring, impacting all American workers.
All but one of the remaining new taxes in Obamacare are directed at health industry businesses and while they will not impact middle income families directly, the additional costs will most likely be passed on to the public. The last new tax is really interesting, it is a tax on certain biofuels!
These are the facts. It does not matter if you support Mr. Obama and his new law or if you oppose it, the new taxes on the middle class or real and all Americans should understand their impact on their families and the economy. Citizens, regardless of political beliefs, should recognize that Obamacare was passed with almost no sunlight shined on these middle class tax increases and need to understand that the new law was sold with the promise that there would be no new middle class taxes. This is not partisan, it is simply the reality of politics.
For more information, read ATR's analysis of the Affordable Care Act's taxes here.
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