Showing posts with label controls. Show all posts
Showing posts with label controls. Show all posts

Thursday, March 13, 2014

Here Comes The Wage And Price Controls

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Here Comes The Wage And Price Controls

Here Comes The Wage And Price Controls

At Not Just The News, the privacy of our visitors is of extreme importance to us (See this article to learn more about Privacy Policies.). This privacy policy document outlines the types of personal information is received and collected by Not Just The News and how it is used.


Log Files


Like many other Web sites, Not Just The News makes use of log files. The information inside the log files includes internet protocol (IP) addresses, type of browser, Internet Service Provider (ISP), date/time stamp, referring/exit pages, and number of clicks to analyze trends, administer the site, track user"s movement around the site, and gather demographic information. IP addresses, and other such information are not linked to any information that is personally identifiable.


Cookies and Web Beacons


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Here Comes The Wage And Price Controls

Friday, February 28, 2014

Ukraine Imposes Capital Controls, Limits Foreign Currency Withdrawals


zerohedge.com
February 28, 2014


Yesterday we reported that as part of the Ukrainian central bank’s plan to bailout the nation’s largely insolvent private banks, it would provide any needed funding but only “if they will remain under open control of the National Bank of Ukraine.” And since the new CB head Stepan Kubiv’s allegiance to Europe were already well-known, this was merely a quick and efficient way of providing Europe with all the banking details including asset holdings of the local population. Today, the annexation of the country’s banking system by a “benevolent” Europe is complete.


Itar-Tass reports that Ukraine’s national bank has imposed temporary limits to withdraw money from foreign currency deposits to sums equivalent to no more than 15,000 hryvnias (about $ 1,500) a day, National Bank Chief Stepan Kubiv told a press conference. Or, as the citizens of Cyprus call it – capital controls.



Why is Ukraine doing this? Because when your currency is crashing at a record pace to unseen lows, what is the best way to limit FX transactions? Simple – just minimize the amount of foreign currency that can be in circulation.


Which is also why the the central bank’s capital controls do not touch local currency: there is more than enough of that in circulation since after all Ukraine has its own currency and can print it in infinite amounts: “For hryvnia deposits you may take as much as a million or two. Banks have liquidity,” Kubiv said.


Then there was the token propaganda:


The chief banker also noted that the situation on Ukraine’s currency market was under control. “The exchange rate may move in one direction and the opposite. There are just emotions and misinformation on the financial market,” he noted.


He assured the national bank would toughly stop violators of the currency law. For example, inspectors were sent to eight banks that had engaged in speculation, he said.



To summarize: first banks abdicate their control to a pro-European central bank, and now the citizens face their first (of many) capital controls which incidentally will simply aggravate the fund outflow situation even more, leading to an even faster drop in foreign reserves.


Finally comes the inflation. Wait until the people start rioting – think Egypt – when the economy collapses and a loaf of bread costs its wheelbarrow equight equivalent in Hryvnias. Just how fast will the countercoup in Ukraine take place then? Recall, in Egypt it was just over a year and a half…


This article was posted: Friday, February 28, 2014 at 12:45 pm









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Ukraine Imposes Capital Controls, Limits Foreign Currency Withdrawals

Monday, February 24, 2014

A Shadow Government Controls America

At A Political Statement, the privacy of our visitors is of extreme importance to us (See this article to learn more about Privacy Policies.). This privacy policy document outlines the types of personal information is received and collected by A Political Statement and how it is used.

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A Shadow Government Controls America

Wednesday, February 19, 2014

Turkish Internet controls ignite public anger


reuters.com
February 19, 2014


From a campaign to “unfollow” President Abdullah Gul on Twitter to an opposition appeal to Turkey’s highest court, Turks vented their anger on Wednesday at a new law tightening government control of the Internet.


Gul approved the legislation, which will let the authorities block web pages within hours and collect data such as users’ browsing histories, late on Tuesday, bolstering Prime Minister Tayyip Erdogan but raising renewed concerns about free speech.


Erdogan’s critics say the law, along with a bill increasing government power over the judiciary, as an authoritarian response to a corruption inquiry shaking his government and as an effort to stop leaks about the case circulating online.

Read more


This article was posted: Wednesday, February 19, 2014 at 12:55 pm









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Turkish Internet controls ignite public anger

Wednesday, July 10, 2013

SF probe brings questions over auto speed controls







This photo provided by the National Transportation Safety Board, on Tuesday, July 9, 2013, shows Investigator in Charge Bill English, foreground, and Chairman Deborah Hersman discussing the progress of the investigation into the crash of Asiana Airlines Flight 214 in San Francisco. The Asiana flight crashed upon landing Saturday, July 6, at San Francisco International Airport, and two of the 307 passengers aboard were killed. (AP Photo/National Transportation Safety Board)





This photo provided by the National Transportation Safety Board, on Tuesday, July 9, 2013, shows Investigator in Charge Bill English, foreground, and Chairman Deborah Hersman discussing the progress of the investigation into the crash of Asiana Airlines Flight 214 in San Francisco. The Asiana flight crashed upon landing Saturday, July 6, at San Francisco International Airport, and two of the 307 passengers aboard were killed. (AP Photo/National Transportation Safety Board)





Tuesday’s Asiana Flight 214 comes in for a landing over the wreckage of Saturday’s Asiana Flight 214 at San Francisco International Airport in San Francisco, Tuesday, July 9, 2013. Saturday’s Asiana Flight 214, crashed upon landing, two of the 307 passengers aboard were killed., (AP Photo/Jeff Chiu)





The wreckage of Asiana Flight 214, which crashed on Saturday, July 6, 2013, is seen on a tarmac at San Francisco International Airport in San Francisco, Tuesday, July 9, 2013. (AP Photo/Jeff Chiu)





Asiana Airlines President and CEO Yoon Young-doo, left, answers reporters’ questions before heading to San Francisco at the flight gate of the Incheon International Airport in Incheon, west of Seoul, South Korea, Tuesday, July 9, 2013. A South Korean official says both U.S. and Korean investigators have been interviewing the pilots who were in the cockpit when an Asiana Airlines plane clipped a seawall before crash landing at San Francisco International Airport Saturday.(AP Photo/Lee Jin-man, Pool)





In this Saturday, July 6, 2013 aerial photo, a United Airlines plane passes on the adjacent runway next to the wreckage of Asiana Flight 214 after it crashed at the San Francisco International Airport in San Francisco, earlier in the day. The pilot at the controls of airliner had just 43 hours of flight time in the Boeing 777 and was landing one for the first time at San Francisco International. (AP Photo/Marcio Jose Sanchez)













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(AP) — Investigators are trying to understand whether automated cockpit equipment Asiana flight 214′s pilots say they were relying on to control the airliner’s speed may have contributed to the plane’s dangerously low and slow approach just before it crashed.


New details in the accident investigation that were revealed Tuesday by National Transportation Safety Board Chairman Deborah Hersman were not conclusive about the cause of Saturday’s crash, but they raised potential areas of focus: Was there a mistake made in setting the automatic speed control, did it malfunction or were the pilots not fully aware of what the plane was doing?


One of the most puzzling aspects of the crash has been why the wide-body Boeing 777 jet came in far too low and slow, clipping its landing gear and then its tail on a rocky seawall just short the runway. The crash killed two of the 307 people and injured scores of others, most not seriously.


Among those injured were two flight attendants in the back of the plane, who survived despite being thrown onto the runway when the plane slammed into the seawall and the tail broke off.


The autothrottle was set for 157 mph and the pilots assumed it was controlling the plane’s airspeed, Hersman said. However, the autothrottle was only “armed” or ready for activation, she said.


Hersman said the pilot at the controls, identified by Korean authorities as Lee Gang-guk, was only about halfway through his training on the Boeing 777 and it was his first time landing that type of aircraft at the San Francisco airport. And the co-pilot, identified as Lee Jeong-Min, was on his first trip as a flight instructor.


In the 777, turning the autothrottle on is a two-step process — first it is armed, then it is engaged, Boeing pilots said. Hersman didn’t say whether the Asiana’s autothrottle was engaged.


Bob Coffman, an American Airlines captain who has flown 777s, said the only way he could think of for Asiana plane to slow as quickly at the NTSB has described would be if somehow the autothrottle has shifted into the idle mode.


“There is no way to get from a normal airspeed and normal position at 500 feet to an abnormally slow airspeed at 300 feet unless there wasn’t enough thrust either deliberately or inadvertently,” he said.


Only moments before the crash did the training captain realize the autothrottle wasn’t controlling the plane’s speed, Hersman said.


“This is one of the two hallmarks of complexity and challenge in the industry right now,” said Doug Moss, an Airbus A320 a pilot for a major U.S. airline and an aviation safety consultant in Torrance, Calif. “It’s automation confusion because from what Deborah Hersman said, it appears very likely the pilots were confused as to what autothrottle and pitch mode the airplane was in. It’s very likely they believed the autothrottles were on when in fact they were only armed.”


Their last second efforts to rev the plane back up and abort the landing failed, although numerous survivors report hearing the engines roar just before impact.


“We just seemed to be flying in way too low. Last couple seconds before it happened the engines really revved into high gear. Just waaah! Like the captain was saying ‘oh no, we gotta get out of here.’ And then, boom! The back end just lifted up, just really jolted everybody in their seats,” said crash survivor Elliot Stone, who owns a martial arts studio in Scotts Valley.


While in the U.S., drug and alcohol tests are standard procedure after air accidents, this is not required for foreign pilots and Hersman said the Asiana pilots had not undergone any testing.


A final determination on the cause of the crash is months away, and Hersman cautioned against drawing any conclusions based on the information revealed so far:


Seven seconds before impact, someone in the cockpit asked for more speed after apparently noticing that the jet was flying far slower than its recommended landing speed. A few seconds later, the yoke began to vibrate violently, an automatic warning telling the pilot the plane is losing lift and in imminent danger of an aerodynamic stall. One and a half seconds before impact came a command to abort the landing.


There’s been no indication, from verbal calls or mechanical issues, that an emergency was ever declared by pilots. Most airlines would require all four pilots to be present for the landing, the time when something is most likely to go wrong, experienced pilots said. In addition to the two pilots, a third was “monitoring” the landing from a jumpseat, while a fourth was in the rear of the cabin.


“If there are four pilots there, even if you are sitting on a jump seat, that’s something you watch — the airspeed and the descent profile,” said John Cox, a former US Airways pilot and former Air Line Pilots Association accident investigator.


The Air Line Pilots Association, the world’s largest pilots union, criticized Hersman for fueling speculation that the crash is the result of pilot error before all the facts have been determined.


“The NTSB’s release of incomplete, out-of-context information has fueled rampant speculation about the cause of the accident,” the union said in a statement Tuesday. “The field phase of the investigation is barely three days old, and the pilots on the flight deck, at the controls of the aircraft, had little opportunity to provide vital information as to what exactly happened during the event before disclosing data recorded during the last moments of the flight. “


Hersman said the board was following its usual pattern of trying to be transparent by releasing information as it is known.


By Tuesday afternoon, NTSB interviews with three pilots were complete and the fourth was underway.


In addition, authorities were reviewing the initial rescue efforts after fire officials acknowledged that one of their trucks might have run over one of the two Chinese teenagers killed in the crash. The students, Wang Linjia and Ye Mengyuan, were part of a larger group headed for a Christian summer camp with dozens of classmates.


Asiana President Yoon Young-doo arrived in San Francisco from South Korea on Tuesday morning, fighting his way through a pack of journalists outside customs.


He met with and apologized to injured passengers, family members and survivors. But Yoon said he can’t meet with the Asiana pilots because no outside contact with them is allowed until the investigation is completed.


More than 180 people aboard the plane went to hospitals with injuries. But remarkably, more than a third didn’t even require hospitalization.


The passengers included 141 Chinese, 77 South Koreans, 64 Americans, three Canadians, three Indians, one Japanese, one Vietnamese and one person from France.


South Korea officials said 39 people remained hospitalized in seven different hospitals in San Francisco.


The flight originated in Shanghai, China, and stopped over in Seoul, South Korea, before making the nearly 11-hour trip to San Francisco.


___


Lowy reported from Washington, D.C. Associated Press writers Jason Dearen, Terry Collins, Paul Elias, Lisa Leff and Sudhin Thanawala in San Francisco and Hyung-jin Kim in Seoul also contributed to this report.


Associated Press




U.S. Headlines



SF probe brings questions over auto speed controls

Saturday, May 18, 2013

Germany"s Merkel visits Pope, urges tougher market controls



By James Mackenzie


VATICAN CITY (Reuters) – German Chancellor Angela Merkel met Pope Francis on Saturday and, apparently responding to his criticism of a heartless “dictatorship of the economy”, called for stronger regulation of financial markets.


On Thursday, Francis appealed in a speech for world financial reform, saying the global economic crisis had made life worse for millions in rich and poor countries.


Merkel visited Rome for a few hours specifically to meet the pontiff and spoke with him privately in his library for 45 minutes, unusually long for a private papal audience.


She told reporters afterwards that the scandals and excesses criticized by Francis earlier in the week showed that vital checks and balances had not been functioning properly.


“Crises have blown up because the rules of the social market have not been observed,” she said, adding that tightening financial market regulation would be a main objective of the meeting of leaders of Group of 20 economic powers in September.


“We have made progress but we are nowhere near a point where we could say that the kind of derailment that leads to market crises could not happen again and so the issue will again play a central role at the G20 meeting this year,” she said.


“It is true that economies are there to serve people and that has by no means always been the case in recent years.”


Merkel, the daughter of a Lutheran minister, said she and Francis had spoken mainly about globalization, the European Union and the role of Europe in the world.


“Pope Francis made it clear that we need a strong, fair Europe and I found the message very encouraging,” said Merkel, head of the Christian Democratic Union, which has a strong Catholic component.


In his first major speech about finance since his election in March, Francis had also urged states to take greater control of their economies and protect the weakest.


Merkel, who grew up in communist East Germany before the country was re-unified, said both she and Francis had “lived under dictatorships”, referring to the military junta that ruled the pope’s native Argentina from 1976 to 1983.


Merkel gave Francis, who lived briefly in Germany when he was a Jesuit priest, three volumes of poetry by Friedrich Hölderlin and 107 CDs of music by German conductor and composer Wilhelm Furtwaengler.


“I don’t know if you will have the time to listen to all of them,” she joked as she gave him the music.


(Additional reporting By Philip Pullella)




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Germany"s Merkel visits Pope, urges tougher market controls