Saturday, October 20, 2012

Banker jumps to death

Another one from Rumor Mill News

Banker jumps to death

AMUKELANI CHAUKE | 19 October, 2012 00:38

A South African-born investment manager, Nico Lambrechts

A South African-born investment manager, Nico Lambrechts, has died after reportedly leaping from a building in London.

Lambrechts, 46, was pronounced dead on the scene after he fell from the top of an expensive open-air restaurant, the Daily Mail reported.

Yesterday, Investec Asset Management confirmed the incident but refused to say whether his death was suicide or if foul play was suspected.

"News of Nico's death has come as a great shock to all his colleagues, said Lauren Thys, a marketing associate at Investec.

"Our thoughts are with his family at this very difficult time, and our first concern is to provide them with support."

Ursula Nobrega, Investec's head of investor relations, said the company would not comment on the circumstances of Lambrechts death.

Nobrega said Lambrechts is survived by his wife, Adele - who was too distressed to talk to the press - and three children.

Lambrechts is believed to have walked for a few minutes from his office and taken a lift to the Coq d'Argent restaurant before falling through the atrium within the building.

Coq d'Argent is owned by Sir Terence Conran.

After plunging from the top of the restaurant's deck, he landed next to an area in which people were having lunch.

Lambrechts died on the scene despite attempts by medical personnel to save him.

The End of The New World Order

Culture shock... the collapse of
Lehman Brothers ushered in the deepest
economic crisis since the 1930s.
Photograph: Linda Nylind for the Guardian

The end of the New World Order

The upheavals of the early 21st century have changed our world. Now, in the aftermath of failed wars and economic disasters, pressure for a social alternative can only grow

Seumas Milne
The Guardian, Friday 19 October 2012 13.00 EDT

In the late summer of 2008, two events in quick succession signalled the end of the New World Order. In August, the US client state of Georgia was crushed in a brief but bloody war after it attacked Russian troops in the contested territory of South Ossetia.

The former Soviet republic was a favourite of Washington's neoconservatives. Its authoritarian president had been lobbying hard for Georgia to join Nato's eastward expansion. In an unblinking inversion of reality, US vice-president Dick Cheney denounced Russia's response as an act of "aggression" that "must not go unanswered". Fresh from unleashing a catastrophic war on Iraq, George Bush declared Russia's "invasion of a sovereign state" to be "unacceptable in the 21st century".

As the fighting ended, Bush warned Russia not to recognise South Ossetia's independence. Russia did exactly that, while US warships were reduced to sailing around the Black Sea. The conflict marked an international turning point. The US's bluff had been called, its military sway undermined by the war on terror, Iraq and Afghanistan. After two decades during which it bestrode the world like a colossus, the years of uncontested US power were over.

Three weeks later, a second, still more far-reaching event threatened the heart of the US-dominated global financial system. On 15 September, the credit crisis finally erupted in the collapse of America's fourth-largest investment bank. The bankruptcy of Lehman Brothers engulfed the western world in its deepest economic crisis since the 1930s.

The first decade of the 21st century shook the international order, turning the received wisdom of the global elites on its head – and 2008 was its watershed. With the end of the cold war, the great political and economic questions had all been settled, we were told. Liberal democracy and free-market capitalism had triumphed. Socialism had been consigned to history. Political controversy would now be confined to culture wars and tax-and-spend trade-offs.

In 1990, George Bush Senior had inaugurated a New World Order, based on uncontested US military supremacy and western economic dominance. This was to be a unipolar world without rivals. Regional powers would bend the knee to the new worldwide imperium. History itself, it was said, had come to an end.

But between the attack on the Twin Towers and the fall of Lehman Brothers, that global order had crumbled. Two factors were crucial. By the end of a decade of continuous warfare, the US had succeeded in exposing the limits, rather than the extent, of its military power. And the neoliberal capitalist model that had reigned supreme for a generation had crashed.

The First and Second in Command at the IRS have Resigned...

Hmmmmm.....what's cookin' in the  US Treasury?  -AK

IRS names acting commissioner, Doug Shulman steps down 


Doug Shulman
The Internal Revenue Service said on Wednesday that Steven Miller will become acting head of the tax agency after Doug Shulman, the present commissioner, steps down on November 9.

Shulman had been expected to resign at the end of his term in early November as head of the 104,000-employee agency that each year collects trillions of dollars in federal tax revenue and enforces the nation's complex tax laws.

Miller, IRS deputy commissioner for services and enforcement since September 2009, is a 25-year veteran of the agency.

The IRS leadership change comes ahead of a turbulent period, with Congress facing several major decisions on taxes as part of the "fiscal cliff" events at year-end. Tax experts have said that delays in issuing tax refunds could result next year.

Miller's top challenge will be "navigating next year's filing season," said Kevin Brown, a principal at Big Four accounting firm PricewaterhouseCoopers LLP who was an IRS acting commissioner for several months in 2007.

"This is the worst set of circumstances that I can remember with the 'fiscal cliff' looming," Brown said, but added that with Miller on the job, "the IRS is in very good hands."

The commissioner's post is a presidential appointment subject to Senate confirmation.

Shulman, a Democrat appointed to the post under Republican President George W. Bush, has served since March 2008. The IRS did not provide details about Shulman's next career move.

South Africa: A Great Victory!

19 October 2012

Dear Friend,


A house that was literally hours away from being sold on auction, has just been turned around and Standard Bank has abandoned the whole thing, including their judgment.

The day before Mr Michael Plumstead was about to watch his family home being auctioned, an urgent application was brought before the Port Elizabeth High Court. Among other things, Mr Plumstead (the Applicant) stated the following:

"15. It is the Applicant’s intention to settle the arrears with the lawful holder of this debt."

The auction was temporarily suspended by the Court… but then suddenly the bank backed down. The entire case was removed and the bank agreed to pay all legal costs. See the attached notice.

Now… why would a bank abandon all their hard work and withdraw a case when the debtor agreed to pay the arrears? Well, look at the words carefully: Mr Plumstead agreed to settle with the “lawful holder of this debt.”

If you read the supporting affidavit of the Plumstead Case on page 19, you will see the securitisation argument. You can view the full document here:

Once again NewERA maintains the following: If your loan has been securitised, not only has your legal status with the bank changed, but your debt with the bank no longer exists.

If you do not understand this, or believe “so what, the debt must be paid anyway” then think again. It is vital that you listen to these audio interviews to see that in fact all parties have been paid out.

This knowledge can save not just houses, but assets of all kinds. But... you need to research it yourself. Don’t expect a hand-out. It is up to you to learn the truth.

Banks are not being open about securitisation. See for yourself by asking them simple questions like those found here. We are preparing a march to demand this information from the banks. To join the march, either in person or virtually, click here.

This is our chance Will. We can wipe clean the slate and begin a new era for South Africans that will set the scene for the rest of the world. All you need to do is see this for yourself. The place to start is by listening to these audio interviews.

Tell the world to join and please sign up for paying membership here, or make a donation here


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