Showing posts with label hole. Show all posts
Showing posts with label hole. Show all posts

Thursday, March 20, 2014

CNN Asks Whether BLACK HOLE Swallowed Malaysian Airlines Flight 370

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CNN Asks Whether BLACK HOLE Swallowed Malaysian Airlines Flight 370

Monday, January 13, 2014

Mystery Gas Cloud On Course To Enter Supermassive Black Hole At Milky Way’s Heart


Francie Diep
Popular Science
January 13, 2014


Astronomers expect a mysterious gas cloud to cross paths with the black hole at the heart of the Milky Way galaxy in the next few months.


Then, one of two things could happen. The cloud could plunge on in, throwing off intense X-rays as it goes.


Or, if the cloud contains a star that astronomers cannot currently see, the star will pass by unaffected, while some of the cloud enters the black hole less spectacularly.


Read more


This article was posted: Monday, January 13, 2014 at 2:34 pm










Infowars



Mystery Gas Cloud On Course To Enter Supermassive Black Hole At Milky Way’s Heart

Saturday, December 14, 2013

With a hole in its heart, South Africa buries Mandela




QUNU, South Africa Sat Dec 14, 2013 7:59pm EST





African National Congress (ANC) supporters dance while holding a cloth with the image of former South African President Nelson Mandela at the Walter Sisulu University in Mthatha December 14, 2013. REUTERS/Adrees Latif


1 of 14. African National Congress (ANC) supporters dance while holding a cloth with the image of former South African President Nelson Mandela at the Walter Sisulu University in Mthatha December 14, 2013.


Credit: Reuters/Adrees Latif




QUNU, South Africa (Reuters) – The body of Nelson Mandela arrived on Saturday at his ancestral home in the rolling hills of South Africa’s Eastern Cape and was greeted by singing, dancing locals ahead of the anti-apartheid leader’s state funeral set for the following day.


As the hearse bearing South Africa’s first black president appeared on the horizon, crowds by the road broke into “Nkosi Sikelel’ iAfrika” (God Bless Africa), the evocative national anthem adopted after the end of apartheid in 1994.


“I’m so excited and at the same time I’m so hurt because I’m seeing him for the last time,” said grandmother Victoria Ntsingo, as military helicopters escorting the cortege clattered overhead.


“After his long life and illness he can now rest. Madiba is home. His work is done,” she said, referring to Mandela by his clan name.


Mandela, who died on December 5 aged 95, will be buried on Sunday in his family homestead at Qunu, a hamlet of a few hundred houses 700 km (450 miles) south of Johannesburg.


The state funeral will combine military pomp and the traditional rites of his Xhosa abaThembu clan.


It will be the final act in 10 days of mourning for the “Father of the Nation”, who suffered 27 years in prison before emerging to preach forgiveness and reconciliation in the quest to build a multi-racial democracy from the ashes of apartheid.


Hours before the funeral, Mandela’s friend and fellow anti-apartheid legend retired Anglican Archbishop Desmond Tutu, 82, had initially announced he would not attend, in a row over an invitation that threatened to mar the event.


Tutu, like Mandela a Nobel Peace Prize laureate but also a vocal critic of the current South African government and of the ruling ANC party, had said he did not receive a formal invite or any indication that he was on the guest list.


But after the government clarified that he was on a guest list and was welcome to come, Tutu’s spokesman said the archbishop would travel early on Sunday to attend the funeral, averting a potential blot on the event.


“GO WELL, TATA”


Earlier on Saturday, the ANC, the 101-year-old former liberation movement to which Mandela dedicated his life, bid its own farewell in a ceremony at a Pretoria military air base.


With revolutionary songs, clenched fists and cries of “Amandla” (Power) in honor of “Comrade Mandela”, it was the most overtly political of all the ceremonies since Mandela’s death.


“Go well Tata, you have played your part,” President Jacob Zuma said in a eulogy that recalled Mandela’s life as a fighter in the armed struggle for freedom as well his later, more widely recognized role as unifier and nation-builder.


“We will always remember you,” he said, before leading the packed hall in spirited renditions of anti-apartheid anthems.


After the ANC send-off, Mandela’s body was flown by military transport plane, escorted by two fighter jets, to Mthatha, the nearest airport to Qunu. Thousands lined the streets as the hearse proceeded through the town.


Mandela’s widow, Graca Machel, and his former wife, Winnie Madikizela-Mandela, followed the cortege, looking drained and emotional after nine days of memorials in Johannesburg and Pretoria.


The rites included three days of lying in state at the Union Buildings in Pretoria, at which more than 100,000 people queued for hours to say a last goodbye.


One of Mandela’s grandchildren, Mandla, thanked those who had come.


“I have witnessed his army. I have witnessed his people. I have witnessed ordinary South Africans who walked this long walk to freedom with him and I can assure the African National Congress today that the future of this country looks bright.”


FLAGS AND FLY-PAST


Sunday’s funeral will be attended by 4,500 people, from family members and national leaders to foreign guests including Britain’s Prince Charles and American civil rights activist Reverend Jesse Jackson.


The Air Force is expected to stage a fly-past, followed by three military helicopters with giant South African flags in tow, an echo of the historic scenes nearly two decades ago when Mandela was sworn in as president.


At a mass memorial in Johannesburg on Tuesday, Zuma was subjected to a barrage of boos and jeers from the crowd, a worrying sign for the ruling party six months before elections.


Although it is widely expected to win, the ANC is losing support even among South Africa’s black majority because of its perceived inability to tackle chronic poverty and joblessness.


Africa’s biggest economy has enjoyed strong growth since the end of apartheid, but unemployment has remained above 25 percent and it remains one of the world’s most unequal societies, with the average white household earning six times more than the average black one.


Besides the booing of Zuma, there has also been a storm of outrage over a sign-language interpreter accused of miming nonsense at the Johannesburg memorial. The signer has defended himself, saying he suffered a schizophrenic attack.


In Qunu too, there were also a few dissenting voices, mainly from those disappointed at being excluded from the funeral of man who to them was a local leader first, and a world leader second.


“Tata Mandela is a man of the people. When he was alive we used to go to his compound. Whatever was going on, we used to go in the compound and it was never a problem for the people of Qunu,” said resident Malibonwe Gamakhulu.


“And today he is dead and we are being pushed out.”


(Additional reporting by Olivia Kumwenda-Mtambo, Pascal Fletcher, Ed Stoddard and Siyabonga Sishi; Writing by Ed Cropley and Pascal Fletcher; Editing by Sonya Hepinstall and Alison Williams)





Reuters: Top News



With a hole in its heart, South Africa buries Mandela

Wednesday, November 6, 2013

K Kreeper & Moky - Hole In One [Resurrection]

K Kreeper & Moky - Hole In One [Resurrection]
http://img.youtube.com/vi/x1d96fgySzc/0.jpg


Track entitled “Hole In One” from the Resurrection mixtape. Subscribe to us to keep up to date with our music and search us on Facebook “NSA” and ‘like’ the …
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Read more about K Kreeper & Moky - Hole In One [Resurrection] and other interesting subjects concerning Surveillance State at TheDailyNewsReport.com

Wednesday, October 30, 2013

Illinois Teachers Pension Fund is 40% Funded, Drops Deeper Into Hole Despite Investment Return of 12.8%; What"s the Solution?

Illinois Teachers Pension Fund is 40% Funded, Drops Deeper Into Hole Despite Investment Return of 12.8%; What"s the Solution?
http://currenteconomictrendsandnews.com/wp-content/uploads/2013/10/21120__TRS1.png

In spite of a 12.8% annual return, with an 8% return assumption, the Illinois Teachers Retirement System (TRS) fell another $ 3.5 billion in the hole. TRS pension underfunding grew to $ 55.73 billion as of June 30, 2013.

Via email, the Illinois Policy Institute explains the growing liability.

First, TRS only has $ 0.40 in the bank for every dollar it should have today to make necessary pension payouts in the future. That means the high investment returns in 2013 were earned on less than half of the assets that TRS should have

TRS acknowledged this in a recent press release:


“Despite these strong returns, TRS cannot invest its way out of the funding hole we are in,” Ingram added. “This increase in the System’s unfunded liability, even with good investment results, is another wake-up call to state officials and our members that TRS long-term finances continue to head in the wrong direction.”


“Without changes to the pension code to ensure sustained and adequate funding, TRS faces the very real possibility that in a few decades the System will not have enough money to pay benefits to retirees. We cannot guarantee that TRS will have enough money to pay the pensions promised to every member in the System.”


Second, the inherent flaws of the state’s defined benefit pension system have driven up the shortfall significantly. According to the Commission on Government Forecasting and Accountability, the state’s pension shortfall grew by $ 41 billion from 1996 to 2012.


Of that amount, nearly $ 23 billion came from some form of missed “assumption” that continually plagues defined benefit pension plans:


  • The investment returns for the state’s five pension funds were lower than their assumed 8% expectation. Cost to taxpayers: $ 9.5 billion.

  • Unplanned benefit increases for employees. Cost to taxpayers: $ 1.1 billion.

  • Changes in actuarial assumptions. Cost to taxpayers: $ 4.9 billion.

  • “Other” actuarial factors. Cost to taxpayers: $ 7.2 billion.

TRS fails to acknowledge the failures of the defined benefits plan and instead chooses to blame taxpayers for not contributing enough to the system.


Who is to Blame for Shortfalls?


Please consider the Illinois Policy Center report State pension contributions: Taxpayers bear the brunt of increasing pension costs

A common refrain sounded by public sector unions is that government workers have consistently “paid their share” into Illinois’ pension systems and the state has not. However, the facts tell a different story.

While government worker contributions to Illinois’ five pension systems have increased by 75 percent since 1998, taxpayer contributions have increased by 427 percent over the same period. In 2012 alone, Illinois taxpayers contributed $ 3.5 billion more to the pension systems than state workers did.



Government workers’ share, as a percentage of total contributions, has continued to decline when compared to taxpayers’ contributions. In 1998, government workers paid for 47 percent of the state’s total pension contribution; today, they only pay 21 percent. By 2045, government workers will be expected to pay only 17 percent of total pension contributions.


Illinois’ Five Pension Systems


Illinois has five state pension systems, and all of them are seriously underfunded:


  1. The Teachers’ Retirement System, or TRS, manages pensions for teachers across Illinois (excluding Chicago).With more than 130,000 active members and nearly 95,000 retirees, TRS is the largest pension system in the state. Unfortunately, TRS also has the highest unfunded liability of the state’s pension systems. In 2012, TRS was only 40.6 percent funded and officially had more than $ 53.51 billion in unfunded liabilities. TRS members contribute 9.4 percent of their salary to the pension system.

  2. The State Employees’ Retirement System, or SERS, manages pensions for state-level employees across Illinois. It has 62,000 active members and 50,000 retirees. In 2012, SERS was only 33.1 percent funded and had officially $ 22.13 billion in unfunded liabilities. Under its regular pension formula, SERS members covered by Social Security contribute 4 percent of their salary, and those not covered by Social Security contribute 8 percent of their salary to the pension system.

  3. The State Universities Retirement System, or SURS, manages pensions for employees working at state universities. It has 71,000 active members and more than 45,500 retirees. In 2012, SURS was only 41.3 percent funded and had officially $ 19.46 billion in unfunded liabilities. SURS members contribute 8 percent of their salary to the pension system.

  4. The Judges’ Retirement System, or JRS, manages pensions for judges throughout the state. It is one of the two smaller pension systems, with only 968 active members and 725 retirees. Despite its small size, in 2012 JRS was only 28.6 percent funded and officially had $ 1.44 billion in unfunded liabilities. JRS members contribute 11 percent of their salary to the pension system.

  5. The General Assembly Retirement System, or GARS, manages pensions for members of the Illinois General Assembly. Despite having only 176 active members and 294 retirees, GARS has the dubious honor of being the worst-funded pension system in the state. In 2012, GARS was only 17.4 percent funded and officially had $ 251 million in unfunded liabilities. GARS members contribute 11.5 percent of their salary to the pension system.

All Five Systems Bankrupt


TRS, SERS,SURS, JRS, and GARS are all insolvent. None of them can possibly meet their pension obligations. With 10-year treasuries yielding a scant 2.5%, plan assumptions of 8% are preposterously high on a sustained basis.


Yet, TRS went another $ 3.5 billion in the hole in spite of a 12.8% annual return.


What the hell is TRS going to do in the face of a stock market plunge, a bond market plunge, or both?


GARS, the General Assembly Retirement System is only 17.4% funded. Is it any wonder that state legislators are pressing for more tax hikes?


Beware Tax Hikes!


On October 18, I reported Illinoisans Beware: “Progressives” Seek Massive Tax Hike Again; Fight the Hike!


Pension shortfalls are the reason for the proposed hikes.


A few people commented the “progressive” tax was not as much as they pay. Here is Rep Naomi Jakobsson’s proposed scheme.



Property Taxes


What I failed to point out previously is that I pay $ 14,000 annually in property taxes on a home I can sell for $ 400K or so.


Sales Taxes


My sales tax rate is  7.75%. But hey, that could be worse. Cicero tops the state with a 9.5% tax. In Chicago, the sales tax is 9.25%.


In spite of all these massive taxes, the entire state is bankrupt!


The Solution


Raising taxes for the benefit of legislators and seriously undeserving public unions is certainly not the answer. The solution is twofold:


  1. Immediately kill all Illinois public defined-benefit pension plans

  2. Drastically lower existing pension plan expectations, via default if necessary

Nothing else can possibly work, and the numbers prove it.


Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com


Mish’s Global Economic Trend Analysis




Read more about Illinois Teachers Pension Fund is 40% Funded, Drops Deeper Into Hole Despite Investment Return of 12.8%; What"s the Solution? and other interesting subjects concerning Commentary at TheDailyNewsReport.com

Monday, July 22, 2013

Down The Rabbit Hole w/ Popeye (07-09-2013) American POWs From WWI – Vietnam Were Left Behind





July 21, 2013 by POPEYE  
Filed under DTRH w/ Popeye, Veterans Issues




pow mia flag


(FEDERALJACK)   On this edition of DTRH Popeye goes back in time to expose the betrayal of our military men who were POWs, ranging from WWI – Vietnam. You will also hear some truth about John McCain’s time as a POW, and how he blocked information exposing the fact that the United States government has left prisoners of war behind for political gains.


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Down The Rabbit Hole w/ Popeye (07-09-2013) American POWs From WWI – Vietnam Were Left Behind