News

SEC charges Bank of America with securities laws violations

Bankk of America

Newscast Media NEW YORK—The Securities and Exchange Commission today charged
Bank of America Corporation with violating internal controls and recordkeeping
provisions of the federal securities laws after it assumed a large portfolio of
structured notes and other financial instruments as part of its acquisition of Merrill
Lynch.

Bank of America agreed to pay a $7.65 million penalty to settle the charges stemming
from regulatory capital overstatements that it made due to its internal accounting
control deficiencies and books and records failures. CONTINUE TO FULL STORY>>

         

Be the first to comment - What do you think?  Posted by Joseph Earnest - October 1, 2014 at 3:23 am

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Bill Gates once again tops Forbes magazine richest American list

Forbes richest

Newscast Media NEW YORK—According to Forbes magazine rankings, Bill Gates
retained the top rank as America’s richest man, with an estimated $81 billion in
wealth. Gates has seen his wealth increase by $9 billion since last year, and was
followed by Warren Buffet, founder of Berkshire Hathaway with $67 billion. Oracle’s
Larry Ellison was third with $50 billion.

Facebook’s Mark Zuckerberg saw his wealth grow to $34 billion and came in at number
11 on the list, while the the Walton family dominated the top ten spots.

Koch brothers, Charles and David Koch, both have wealth valued at $42 billion each,
and were tied as the fourth richest men in America.

The complete list can be viewed here, it has a combined wealth of 400 Americans totaling over $2.2 trillion.

http://newscastmedia.com/forbes2014.html

         

Be the first to comment - What do you think?  Posted by Joseph Earnest - at 1:37 am

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U.S. and Afghanistan sign long-awaited bilateral security deal

Newscast Media KABUL—Afghanistan has signed a long-awaited deal with the US and
NATO to extend a non-combat military presence. The pact is aimed at strengthening
Afghan security forces while they work to stave off the Taliban.

Afghanistan’s national security advisor, Hanif Atmar, and US Ambassador James
Cunningham closed a long-awaited deal on Tuesday, guaranteeing the Asian country
the backing of US military force after 2014. The Afghan official also signed a parallel
deal with NATO’s senior civilian representative, Maurits Jochems.

The signing of the bilateral security agreement (BSA) took place in the presidential
palace in Kabul, where just one day before, the country’s new president, Ashraf
Ghani, was sworn in. During his presidential campaign, Ghani had promised to end
disagreements with the US over the terms of the security pact, long fueled by his
predecessor, Hamid Karzai. CONTINUE TO FULL STORY>>

         

Be the first to comment - What do you think?  Posted by Joseph Earnest - September 30, 2014 at 10:32 pm

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U.S. Airmen Deliver Ebola Treatment Facility in West Africa

Newscast Media LANGLEY AFB, Virginia—Airmen from the U.S. Air Force’s 633rd
Medical Group partnered with representatives from the U.S. Public Health Service on
September 26 to deliver a modular medical treatment center to Ebola-stricken West
Africa.

Airmen accompanied the Expeditionary Medical Support System, or EMEDS, to Africa.
While they will not be involved in treatment of patients exposed to the virus, they will
set up the facility and train international health care workers, officials said.
CONTINUE TO FULL STORY>>

         

Be the first to comment - What do you think?  Posted by Joseph Earnest - September 29, 2014 at 10:00 pm

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Netanyahu: Iran’s nuke program must be fully dismantled

Newscast Media NEW YORK—Israeli Prime Minister Benjamin Netanyahu has told the
UN General Assembly in New York Iran’s nuclear capabilities “must be fully dismantled.”

Speaking on September 29, Netanyahu called Iran “the world’s most dangerous regime
in the world’s most dangerous region,” saying Tehran cannot be allowed to develop
“the world’s most dangerous weapons.”

Netanyahu said Islamic State militants pose a threat that “must be defeated.”
But he said to defeat the Islamic State militants “and leave Iran as a threshold
nuclear power is to win the battle and lose the war.”

Iran denies it trying to develop a nuclear weapons capability—saying its nuclear
program is only for peaceful civilian purposes.

Speaking about the recent Gaza conflict, Netanyahu blamed Hamas militants for the
deaths of Palestinian civilians from Israeli ordnance—saying Hamas intentionally used
children and other civilians as human shields to try to protect their weapons.

Source: Raio Free Europe

http://newscastmedia.com/netanyahu-iran.html

         

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FBI Uses Fake Defendant To Snare Corrupt Judge

Newscast Media PHILADELPHIA—The courts are corrupt. Judges are easily bribed.
Some are promised perks in exchange for favorable rulings. Others just falsely believe
they are above the law. The FBI understands this reality. To set an example as to
what could happen to corrupt judicial officers, the FBI created a fake arrest, a fake
defendant, fake evidence, fake witnesses and fake court documents.

The undertaking they would embark on targeted a corrupt judge on Philly by the name
of Joseph Waters.

Joseph C. Waters, Jr., 61, of Philadelphia, pleaded guilty today to using his judicial
position to influence the outcome of two cases in the Philadelphia Municipal Court.
CONTINUE TO FULL STORY>>

         

Be the first to comment - What do you think?  Posted by Joseph Earnest - at 7:33 pm

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SEC announces largest-ever whistleblower award

Newscast Media WASHINGTON— The Securities and Exchange Commission today
announced an expected award of more than $30 million to a whistleblower who
provided key original information that led to a successful SEC enforcement action.
The award will be the largest made by the SEC’s whistleblower program to date and
the fourth award to a whistleblower living in a foreign country, demonstrating the
program’s international reach.

“This whistleblower came to us with information about an ongoing fraud that would
have been very difficult to detect,” said Andrew Ceresney, Director of the SEC’s
Division of Enforcement. “This record-breaking award sends a strong message about
our commitment to whistleblowers and the value they bring to law enforcement.”

Sean McKessy, Chief of the SEC’s Office of the Whistleblower, added, “This award of
more than $30 million shows the international breadth of our whistleblower program as
we effectively utilize valuable tips from anyone, anywhere to bring wrongdoers to
justice. Whistleblowers from all over the world should feel similarly incentivized to
come forward with credible information about potential violations of the U.S.
securities laws.”

The SEC’s whistleblower program rewards high-quality, original information that
results in an SEC enforcement action with sanctions exceeding $1 million.

Whistleblower awards can range from 10 percent to 30 percent of the money
collected in a case. The money paid to whistleblowers comes from an investor
protection fund established by Congress at no cost to taxpayers or harmed
investors. The fund is financed through monetary sanctions paid by securities law
violators to the SEC. Money is not taken or withheld from harmed investors to pay
whistleblower awards.

By law, the SEC protects the confidentiality of whistleblowers and does not disclose
information that might directly or indirectly reveal a whistleblower’s identity. The
previous high for an SEC award to a whistleblower was $14 million, which was
announced in October 2013.

The SEC awarded its first whistleblower under the program following its inception in
fiscal year 2012. The program awarded four more whistleblowers in FY 2013, and has
awarded nine whistleblowers in FY 2014.

“We’re pleased with the consistent yearly growth in the number of award recipients
since the program’s inception,” Mr. McKessy said.

http://newscastmedia.com/largest-whistleblower-award.html

         

Be the first to comment - What do you think?  Posted by Joseph Earnest - September 25, 2014 at 11:07 pm

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Iraqi PM: Islamic State plotting to attack U.S., Paris subways

subway

Newscast Media BAGHDAD—The Iraqi prime minister says he has received “credible”
reports that Islamic State militants planned to launch attacks on subway systems in
Paris and the United States.

Speaking on the sidelines of the UN General Assembly in New York, Prime Minister
Haidar al-Abadi said he was told of the plot by Baghdad on September 25.

Abadi told a small group of U.S. reporters, “Today, while I am here, I am receiving
accurate reports from Baghdad where there was [the] arrest of [a] few elements and
there are networks planning from inside Iraq to have attacks.”

The information could not immediately be verified with French and U.S. authorities.
The White House said, “We have not confirmed such a plot.”

The announcement comes amid a U.S.-led international aerial campaign against the
Islamic State extremist group in Iraq and Syria.

Source: Radio Free Europe

Be the first to comment - What do you think?  Posted by Joseph Earnest - at 8:04 pm

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Obama: ISIL betrays Islam by killing innocent men, women and children

Newscast Media NEW YORK—Speaking at the U.N. Security Council Summit in New
York, President Barack Obama said there was an the unprecedented flow of fighters in
recent years to and from conflict zones, including Afghanistan and the Horn of Africa,
Yemen, Libya, and most recently, Syria and Iraq.

“Our intelligence agencies estimate that more than 15,000 foreign fighters from more
than 80 nations have traveled to Syria in recent years,” he said. “Many have joined
terrorist organizations such as al Qaeda’s affiliate, the Nusrah Front, and ISIL, which
now threatens people across Syria and Iraq. And I want to acknowledge and thank
Prime Minister Abadi of Iraq for being here today,” he added. FULL STORY>>

         

Be the first to comment - What do you think?  Posted by Joseph Earnest - September 24, 2014 at 9:25 pm

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USAID: Illegal ivory trade has now reached its highest level

Ivory

Newscast Media WASHINGTON—Illegal rhino horn trade has reached the highest levels
since the early 1990s, and illegal trade in ivory increased by nearly 300 percent from
1998 to 2011, according to a new report by U.S. Agency for International
Development (USAID) partner TRAFFIC.

“This report provides critical insights into often violent and complex trade networks
that will help countries target their law enforcement efforts. Wildlife trafficking not
only endangers rhinos, elephants and many other wildlife species, but also threatens
national and international security as well as local livelihoods,” said Eric Postel,
assistant administrator at USAID. FULL STORY>>

         

Be the first to comment - What do you think?  Posted by Joseph Earnest - at 6:46 pm

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Assad: Syria supports any international counterrorism effort

Bashar Assad

Newscast Media DAMASCUS—Syrian President Bashar Assad has asserted that Syria
supports any international counterterrorism effort, SANA reported. President Assad
met Faleh Fayyad, the Iraqi National Security Advisor and the envoy of Russian Prime
Minister Haider al-Abadi to tackle counterterrorism efforts.

Faleh briefed President Assad on the latest steps taken in this regard, as well as
discussing upcoming steps and possible measures to ensure the success of these
efforts and eliminate terrorists organizations in all their forms.

President Assad affirmed to Fayyad that Syria is proceeding resolutely in its war
against all forms of takfiri terrorism which it has been waging for years, asserting that
Syria supports any international counterterrorism effort.

The President stressed that the success of such efforts isn’t just linked to military
action which is important, as it’s also linked to states committing themselves to
relevant international resolutions and what they entail in terms of stopping all forms
of support for terrorist organizations.

The two sides affirmed the need to continue cooperation and coordination between
the two countries’ leadership in combating terrorism, particularly since this
cooperation produced positive results for the people of Syria, Iraq, and the region.

Source: Islam Times

http://newscastmedia.com/counterterrorism.html

         

Be the first to comment - What do you think?  Posted by Joseph Earnest - at 4:54 pm

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Medvedev: Russia will survive unfavorable international markets

Medvedev

Newscast Media MOSCOW—Though the international market conditions create a
difficult situation for Russia, the country will withstand, Russian Prime Minister Dmitry
Medvedev said over the weekend.

“The situation of the international financial market for our banks is unfavorable,
almost all positions are barred from obtaining foreign liquidity, i.e. foreign funding,”
Medvedev said in an interview with Russian television channel Russia 24.

The prime minister stressed that “it was a judgment call by our European partners,”
adding, “We believe that it is pointless and just ugly in relation to Russia and we can
live without this.”

The new restrictions introduced on September 12 target Russia’s largest banks, oil
and defense companies, as well as certain individuals. The companies were denied
access to the European capital markets, while a number of individuals were subject to
entry bans and asset freezes.

Moscow has responded to previous rounds of Western sanctions with a one-year food
ban that targets a range of products from the countries that implemented sanctions
against Russia. Russian President Vladimir Putin claimed the country would retaliate
with countermeasures but details have not yet been revealed.

Source: Ria Novosti

Be the first to comment - What do you think?  Posted by Joseph Earnest - September 22, 2014 at 8:07 pm

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Deputy Prime Minister: Russian Ebola vaccine being approved

Newscast Media MOSCOW—Russian specialists have been taking positive steps
toward developing a vaccine for the Ebola virus, Russian Deputy Prime Minister for
social affairs Olga Golodets said Friday.

“We have no registered cases of Ebola. But our doctors are working successfully in
the Ebola epicenter. We have had positive developments in the development of a
vaccine and currently Ebola is not a threat to the Russian population,” Golodets told
journalists on Friday at the International Investment Forum in Sochi adding that the
vaccine is now being systematically tested.

The Ebola virus is currently spreading across West Africa with cases registered in
Liberia, Sierra Leone, Guinea, Nigeria, Senegal and the Democratic Republic of Congo.

According to figures, released by the World Health Organization (WHO) on Thursday,
there have been 5,335 registered cases of the disease in West Africa. The death toll
from the deadly virus stands at 2,622.

Ebola is transmitted through direct contact with the blood, body fluids or tissue of
infected animals or people. There is no officially approved medication for the disease,
and experts claim prevention is the only cure.

Source: Ria Novosti

http://newscastmedia.com/russian-ebola.html

         

Be the first to comment - What do you think?  Posted by Joseph Earnest - September 19, 2014 at 6:09 pm

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ISIL abandons bases in Syria to dodge possible US airstrikes

Syrian rebels

Newscast Media DAMASCUS—ISIL in a Syrian stronghold near Iraq have abandoned
some bases and redeployed their forces and armor from other positions, with the US
military poised to strike, activists said Wednesday.

“ISIL has started to empty out many of their bases and positions in Deir Ezzor
province.”

Security sources reported that ISIL terrorists are heading towards the Iraqi
border.

Source: Al Manar TV News

http://newscastmedia.com/isil-bases.html

         

Be the first to comment - What do you think?  Posted by Joseph Earnest - September 18, 2014 at 10:47 pm

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Obama: US troops will not participate in Iraq combat mission

Newscast Media WASHINGTON—U.S. President Barack Obama says U.S. troops will
have no combat role in Iraq. Obama told troops at the headquarters of U.S. Central
Command in Florida on September 17, “The American forces that have been deployed
to Iraq do not and will not have a combat mission.”

Obama also said that more than 40 countries have offered to help an emerging
coalition against the Islamic State (IS) extremist group.

Obama’s statement came after his top general, Martin Dempsey, has suggested
suggested some U.S. advisers could join Iraqi forces to fight Islamic State.

Dempsey, who is chairman of the U.S. Joint Chiefs of Staff, told the Senate Armed
Services Committee on September 16 that Obama will evaluate each situation
individually before deciding if U.S. military advisers will be put into combat roles in
Iraq.

Dempsey told the committee that Obama told him to “to come back to him on a
case-by-case basis.”

In reaction to Dempsey’s statement, Iraq’s new prime minister, Haidar al-Abadi, said
on September 17 that foreign ground troops were neither needed nor wanted in his
country’s fight against Islamic State.

Abadi said the fight against the group will be endless unless the militants — who
control a large swath of land spanning both countries — are attacked in Syria as well.

In Washington, FBI Director James Comey told Congress on September 17 that
support for Islamic State increased after U.S. air strikes began in Iraq.

Comey added that the group may take more hostages to try to force concessions
from Washington.

Meanwhile, security sources said Iraqi forces launched an intense military operation
against IS insurgents in Ramadi, Fallujah, and Haditha in the western Anbar Province
on September 17.

Source: Radio Free Europe

http://newscastmedia.com/combat-troops.html

         

Be the first to comment - What do you think?  Posted by Joseph Earnest - September 17, 2014 at 9:35 pm

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Yemeni native in New York charged with aiding ISIL

Elfgeeh

Newscast Media NEW YORK—A seven-count indictment charging Mufid A. Elfgeeh, 30,
a Yemen-born naturalized US citizen of Rochester, with three counts of attempting to
provide material support and resources to the Islamic State of Iraq and the Levant
(ISIL) was returned by a New York grand jury, Attorney General Eric Holder
announced.

“We will remain aggressive in identifying and disrupting those who seek to provide
support to ISIL and other terrorist groups that are bent on inflicting harm upon
Americans,” said Attorney General Holder. “As this case shows, our agents and
prosecutors are using all the investigative tools at our disposal to break up these
plots before individuals can put their plans into action. We are focused on breaking
up these activities on the front end, before supporters of ISIL can make good on
plans to travel to the region or recruit sympathizers to this cause.”
CONTINUE TO FULL STORY>>

         

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Iraqi PM: No foreign ground troops needed in Iraq to fight ISIS

Newscast Media BAGHDAD—Iraq’s new prime minister says foreign ground troops are
neither needed nor wanted in his country’s fight against the Islamic State (IS) group.

Haidar al-Abadi also urged the international community to expand the campaign
against the Islamic extremists to Syria.

Abadi said the fight against Islamic State will be endless unless the militants — who
control a large swath of land spanning both countries — are attacked in Syria as well.
He added that Iran’s absence from a Paris meeting on fighting Islamic State was
“puzzling.”

Some 30 countries and organizations on September 15 attended the Paris meeting
and agreed to provide Baghdad with “appropriate military aid” to combat the Islamic
State militants.

Meanwhile, security sources said Iraqi forces launched an intense military operation
against IS insurgents in Ramadi, Fallujah, and Haditha in the western Anbar Province
on September 17.

In Washington, FBI Director James Comey told Congress on September 17 that
support for IS increased after U.S. air strikes began in Iraq.
Comey added that the group might take more hostages to try to force concessions
from Washington.

Source: Radio Free Europe

http://newscastmedia.com/ground-troops.html

         

Be the first to comment - What do you think?  Posted by Joseph Earnest - at 4:28 pm

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Russian health watchdog: Ebola outbreak kills 144 doctors

Newscast Media MOSCOW—Over 300 doctors have been infected by the Ebola virus,
with 144 losing their lives to the Ebola virus disease, Russia’s public human well-being
agency Rospotrebnadzor informed on its website on Tuesday.

“Cases of infection of medical staff are registered as well – 301 doctors have been
infected, 144 of the cases were fatal,” Rospotrebnadzor wrote in a statement.
According to the agency, Liberia, and especially its capital, Monrovia, has been
hardest hit by the Ebola virus outbreak.

In a separate outbreak in the Democratic Republic of the Congo, 66 cases of Ebola
infection have been registered, 37 of which had a fatal outcome. These cases are
not connected with the larger outbreak in West Africa, Rospotrebnadzor wrote.
A team of Russian epidemiologists, virologists and bacteriologists is still stationed in
Guinea, the agency stated.

“A Rospotrebnadzor anti-epidemic team continues its work in the capital of Guinea,
where it conducts laboratory diagnoses and participates in anti-epidemic measures
alongside the Guinean Ministry of Health and Public Hygiene.”

The Ebola death toll in West Africa has risen to more than 2,400 since the epidemic
started in March, according to the latest WHO estimates.

Cases have been registered in Liberia, Sierra Leone, Guinea, Nigeria, Senegal and the
Democratic Republic of Congo.

The Ebola virus is transmitted through direct contact with the blood, body fluids or
tissue of infected animals or people. There is no officially approved medication for the
disease, and experts claim prevention is the only cure. Several countries, including
Russia, the United States, the United Kingdom, Canada and Japan are currently
working on vaccines.

Source: Ria Novosti

http://newscastmedia.com/ebola-deaths.html

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Iran: US and Israel created ISIL–Will defend Syria against US attack

Newscast Media TEHRAN—The chief of Iran’s Islamic Revolution Guards Corps (IRGC)
doubted the US intention to eradicate ISIL, saying that the US and its allies will
regret any military operation in Syria, Al-Alam Website reported.

“The Islamic Republic of Iran’s policy is to support Syria and this US action is from a
bullying position and is condemned and if it does so it will regret it,” Major General
Mohammad Ali Jafari said on Tuesday.

The general was reacting to the US government’s decision to form an international
coalition to fight the Takfiri ISIL terrorists fighting in Syria and Iraq.

“The US is disappointed with any influential role to be played by the ISIL and similar
groups and it is calling for this so-called coalition. We doubt if their serious objective
is to annihilate the ISIL,” Jafari said.
He noted that the US is declaring war on the ISIL while it continues to support other
militant groups fighting the government of Syrian President Bashar al-Assad.

Jafari said the enemies are determined to topple the “current ruling government in
Syria.”

The general said the US and the Israeli regime created this group in order to trigger
war among Muslims in the Middle East regime and serve as an obstacle to resistance
against Israeli regime.

On Monday, France hosted a conference, dubbed the International Conference on
Peace and Security in Iraq, to discuss ways of tackling the ISIL terrorists in Iraq and
Syria amid US efforts to form a so-called international coalition to battle the Takfiri
group.

Despite the international community’s emphasis on the importance of Iran’s role in the
regional developments, Tehran was not invited to the meeting in Paris mainly due to
the US opposition.

The US has also announced that Iran will not be a part of its so-called coalition
against the ISIL. Iran has cast doubt over the sincerity of the coalition and reiterated
that it has no interest in attending the Paris meeting.

Tehran has on several occasions voiced support for the Iraqi government since it
began fighting against the ISIL in June. The ISIL terrorists are in control of some
areas in Syria and have captured large swathes of land in neighboring Iraq.

The Takfiri terrorist groups have committed heinous crimes and threatened all
communities, including Shias, Sunnis, Kurds, Christians and Izadi Kurds, during their
advances.

Source: Al Manar TV News

http://newscastmedia.com/revolutionary-guards.html

         

Be the first to comment - What do you think?  Posted by Joseph Earnest - September 16, 2014 at 4:54 pm

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Syria distrustful of US anti-ISIS coalition in Middle East

Newscast Media DAMASCUS—Syria’s Deputy Foreign Minister Faisal Mekdad expressed
skepticism about a U.S.-led coalition against Islamic State (IS) militants, saying that
any coalition that excludes Syria and Russia could have “certain” agendas, the state
news agency SANA reported Monday.

Mekdad made the remarks in response to U.S. efforts to form an international
coalition against the IS terror group in Iraq and Syria but excluded Russia and Syria.

Mekdad also denied the presence of any under-the-table contact with Washington
regarding the war on terror in Syria.

“Everything the Syrian administration does is in front of the Syrian people,” he said.

Mekdad stressed that the battles Syria has been fighting over the past three years
are related to Syrian President Bashar al-Assad’s and the Syrian people’s rejection of
any foreign intervention in Syria and any violation to its sovereignty.

The Syrian government welcomes the international consensus on fighting terrorism
but has stressed that any uncoordinated action inside Syria without the consent of
the Syrian government would be deemed as an aggression.

Syria’s presidential political adviser, Buthaina Shaaban, said in recent remarks that
Syria would defend itself against any U.S. strikes on Syrian soil unless the U.S.
administration coordinates with the Syrian government.

U.S. officials said they will not ask for Damascus’s permission when they strike IS
positions inside Syria.

The new U.S. policy has stirred fears that the West is probably seeking a pretext to
strike Syria and that the IS is the bogeyman which would open the doors to foreign
intervention in Syria.

Source: Xinhua

http://newscastmedia.com/syria-airstrikes.html

         

Be the first to comment - What do you think?  Posted by Joseph Earnest - September 15, 2014 at 10:49 pm

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