February 2014 – Page 24

Carl Levin Crucifies Credit Suisse For Aiding And Abetting Tax Evasion: Watch Live

As we reported last night, in a scorching 175-page report, the Senate Subcommittee on Investigations threw the book at the second largest Swiss bank Credit Suisse for allowing up to 22,000 Americans to avoid paying taxes for years. Today is the obligatory post-report spectacle which since it is headed by Carl Levin, of Goldman “Shitty Deal”, fame, promises to be quite a populist fest.

The Credit Suisse employees lined up for crucifixion are the following:

    BRADY W. DOUGAN
    Chief Executive Officer
    Credit Suisse Group AG, Credit Suisse AG
    New York, NY

    ROMEO CERUTTI
    General Counsel
    Credit Suisse Group AG, Credit Suisse AG
    Zürich, Switzerland

    HANS-ULRICH MEISTER
    Co Head, Private Banking and Wealth Management, Chief Executive Officer – Region Switzerland
    Credit Suisse Group AG, Credit Suisse AG
    Zürich, Switzerland

    ROBERT S. SHAFIR
    Co Head, Private Banking and Wealth Management, Chief Executive Officer – Region Americas
    Credit Suisse Group AG, Credit Suisse AG
    New York, NY

Watch it live below.

The full Senate report is below (pdf link)

via Zero Hedge http://ift.tt/1dzgEdX Tyler Durden

When temptation comes, keep your running shoes ready

We were in seminary in Fort Worth when my second daughter, Rachel, was born. About the time my wife had to take a leave of absence from her RN position, the paper route in the seminary village became open. So I became a newspaper carrier for the Fort Worth Star-Telegram for about nine months. Every day at 4 a.m. and 4 p.m. I threw the paper. I loved Saturday when the morning and evening editions combined. I dreaded Sundays because the paper weighed a ton. Since it was a walking route, I was loaded down.

via The Citizen http://ift.tt/1k8VB9O

Argumosa-Roach Engagement

Robert and Beverly Argumosa of Peachtree City, Ga. are happy to announce the engagement of their daughter, Ms. Kelsey Argumosa, to Mr. Michael Roach, son of Toni Roach and Roger Roach of Newnan, Ga.

Kelsey is the granddaughter of the late Maynard and Frances Mitties of North Bend, Neb. and the late Oscar and Anna Argumosa of Chicago, Ill.

Mike is the grandson of Pete and Mary Terranova of The Villages, Fla. and the late Donald T. Roach and Jean Roach of Sunrise, Fla.

via The Citizen http://ift.tt/MtGPeV

President Obama, Please “Cede Wind and Solar” to Germany and China

Wind Turbine Back in March, 2012 President
Barack Obama declared in a speech on “American-Made
Energy” at the Ohio State University that …

…I am not going to cede the wind and solar and advanced
battery industries to countries like China and Germany that are
making those investments. I want those technologies developed and
manufactured here in Ohio, here in the Midwest, here in America. By
American workers. That’s the future we want.

That’s not the future we want, as the recent turmoil over
Germany’s failed solar and wind policies clearly shows any
dispassionate non-ideological observer. The Frankfurter
Allgemeine Zeitung newspaper is reporting a new study by
Germany’s government-appointed Expert Commission on Research and
Innovation that finds Germany’s aggressive renewable fuels policy
under its Renewable Energy Resources Act (EEG) is near complete
failure. The commission concludes that the renewable fuels subsidy
programs under the EEG neither protects the climate nor spurs
innovation and therefore should be entirely abolished.

The Britain-based Global Warming Policy Foundation
summarizes the newspaper report:

The expert commission lists a number of reasons for their
radical advice: There is the spiraling cost of 22 billion euros in
green energy subsidies last year; there is also the over-estimated
impact of climate change and especially the threat posed by the
promotion “very low technology-specific innovation impact in
Germany ” . The technology argument in particular plays an
important role in the political debate. […]

The EEG stipulates the subsidies for the sale of electricity
from renewable energy sources. This enlarges the market for
renewable technologies. The result is that the subsidies
incentivise companies to exploit market potential rather than
invest in research and development. Due to the rapid expansion of
old technologies, accompanied by cost reductions, barriers to entry
for new technologies could also emerge. The conclusion of the
expert committee is devastating: ”The EEG can not be
justified in its current form, not least from the perspective of
innovation policy.”

“For both reasons, therefore, there is no justification for the
continuation of the EEG ,” concludes the report which will be
presented to German Chancellor Angela Merkel on Wednesday.

The result of Germany’s drive to make energy more expensive is
that companies are fleeing Europe to make investments elsewhere. As
the
Financial Times reports:

BASF, the world’s biggest chemical maker by sales, will make the
most of its capital investments outside Europe for the first time,
as it responds to the continent’s higher energy costs and growing
demand in North America and emerging markets such as China….

“In Europe we have the most expensive energy and we are not
prepared to exploit the energy resources we have, such as shale
gas. We have relatively high wage costs and we have a stagnating
market,” said Kurt Bock, BASF chief executive.

Mr Bock has been a prominent critic of German and European Union
climate and
energy policies, arguing these are ineffective, raise costs for
industry and cause job losses.

President Obama, please cede failed subsidy and industrial
policies to Europe. Steeply rising energy prices and further
deindustrialization is not the future you should want.

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Religion Briefs 02/26/14

Nativity sets Mardi Gras event
The Episcopal Church of the Nativity in Fayetteville will hold a pancake feast and and Mardi Gras celebration from 6:30 to 8:30 p.m. Tuesday, March 4. Both events traditionally end the church’s pre-Lenten season in preparation for the start of Lent the next day. The church is at 130 Antioch Rd, Fayetteville. For more info, call 770-460-6390.

Order pinestraw, fertilizer now

via The Citizen http://ift.tt/1ekvXeH

Fayette church takes Ash Wednesday to the streets

On Ash Wednesday, March 5, The Episcopal Church of the Nativity will be offering “Ashes to Go,” a new approach to a centuries-old Christian tradition, from 7 to 9 a.m, outside Prime Financial Services at the corner of Ga. Hwy. 92 South and Antioch Road in Fayetteville.

The Episcopal Church of the Nativity is part of a new nationwide movement that has clergy and lay people visiting transit stops, street corners, coffee shops, and college campuses to mark the foreheads of interested passers-by with ashes and invite them to repent of past wrongdoing and seek forgiveness and renewal.

via The Citizen http://ift.tt/1ekvWHE

Join bikers at PUMC for ‘Biker Sunday’

Providence United Methodist Church invites members of the community to dust off that bike, grab their leathers and take a ride with Providence Senior Pastor Diane Parrish and her husband, Ray.

On Sunday, March 2, Providence will host a special “Biker Sunday,” when bikers in the community are invited to come to church then ride with the Providence group.

via The Citizen http://ift.tt/1dzeRWn

Holy Trinity Catholic Church to host trail run March 1

Holy Trinity Catholic Church in Peachtree City will host a Trinity Trail Run on March 1.

All 5K and 2K participants will receive a t-shirt and complimentary breakfast of pancakes and tamales.

The top three male/female winners of each age group in the 5K will receive awards.

Proceeds from the race will benefit teens who will work this summer for Catholic Heart Work Camp and Amigos for Christ, two organizations dedicated to the revitalization of communities throughout the United States and Nicaragua.

Registration is $30.

via The Citizen http://ift.tt/1ekvVnk

Joint culinary event at First Presbyterian, PTC

The women of First Presbyterian Church of Peachtree City joined with the women of Newnan Presbyterian Church for an afternoon of wine and food pairing. The event was coordinated by First Presbyterian of PTC chef Pat Hawthorne. Approximately 30 women, including the Rev. Morgan Morse Hay, joined in the fun and the food as they learned about how the dishes were prepared and received the recipes to take home. Pictured are the women from Peachtree City, along with chef Pat Hawthorne.

via The Citizen http://ift.tt/1ekvRDU

On The Roads Into The Crimea, The Quiet Russian Mobilization Continues

Not a day passes without a YouTube clip being released showing some colonnade of Russian vehicles headed into the Ukraine, and specifically into the Crimea, where the Russian base of Sevastopol is located, and where the biggest pro-Russian support groups are to be found. Today, we show the following Youtube clip taken recently with a dashcam, several miles above the port of Novorossiysk near the village of Gaiduk, which shows Russian vehicles carrying assorted military equipment being carried toward the Crimean.

The clip’s author adds that “each day new transports head into the Ukraine.” Of course, now that Russia officially declared a massive military drill, there is an explanation for such sitings: it is all practice.

via Zero Hedge http://ift.tt/1cPIyW9 Tyler Durden