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Italy has the worst coronavirus death rate in the world, which experts put down to its elderly population and the possibility that a large number of cases are not being diagnosed

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Story 1: The End of The Stock Market’s Bull Market Brought Down By Chinese Communist Coughing Crisis — Bear Markets Begins — Videos —

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The 11-year bull market is ending. Here’s what a bear market means

Dow Enters Bear Market, S&P Flirts with Bear Market [Stock Market Review] March 11, 2020

Citi CEO tells Trump coronavirus is ‘not a financial crisis’

Warren Buffett talks coronavirus and oil ‘one-two punch’ on stock market

 

Bull Market Ends Like It Began: In Chaos, Without Any Warning

 Updated on 
  • Fed support not enough to salvage stocks gripped by virus fear
  • As one of the slowest bulls, it still beats the rest of world

Nobody knew then, but it was the start of a rally that would ultimately add $20 trillion to equities and become the most enduring in history.

Now, a bull market that nobody saw coming has ended the same way it began — amid panic, and with little warning. Based on when it last hit a record, the Dow plunged 20% from Feb. 12, and investors who had only just begun to wade back in are getting crushed by a global health scare that has, thus far, resisted every effort to halt. (Inconveniently for market statisticians, the bear market arrived first in the Dow and not their preferred gauge, the S&P 500.)

The Dow Jones Industrial Average closed 20% below its all-time high

In the end, it was one more crisis than could be contained by the market’s guardians. What set apart this bull market was, of course, the Federal Reserve. In modern history, no rally has been more closely associated with the central bank — and its unprecedented experiments in monetary policy — than this one. But policy makers who had so successfully shielded investors from credit crises, subpar economic growth and all manner of market turmoil, had no answer for a virus threatening to cause a global recession.

“What changed during this bull market is we assumed the Fed could solve everything. If this becomes a global demand problem, the Fed won’t be as able to help –- not with conventional policy,” said Peter Tchir, head of macro strategy at Academy Securities LLC.

It’s testament to the power of the advance that a plunge as violent as this one has lowered the annualized bull market return by less than 2 percentage points. If by a miracle you bought at the bottom, you’re still sitting on handsome gains — about 15% a year. Someone who waited 12 months before jumping in is doing fine, too.

“The bull market became an old friend and maybe we took its ability to fly for granted a bit too much, its ability to continue to power on,” said Marvin Loh, senior global macro strategist for State Street. “It was unique, it was euphoric. It made a lot of people feel great. But a lot of people didn’t participate as much as they could have, also.”

Not everyone will mourn an era whose early stages were fueled by Ben Bernanke’s controversial approach to stimulus, experiments with names like Quantitative Easing and Operation Twist designed to spur investment by pushing banks and individuals out of the fixed-income havens to which they flocked during the crisis. Every time the rally threatened to collapse — and shares twice before came within points of losing 20% — central bank pronouncements breathed new life.

Dow Jones Industrial Average falls 20% from a record

“Looking back on this bull market, financial textbooks will be re-written to start with central bank policy,” said Matt Miskin, co-chief investment strategist at John Hancock Investment Management. “And that section could equate to nearly half the content.”

The rally was a monster by many measures. At its peak on Feb. 19, the S&P 500 needed to climb about 3% more to eclipse the return of the mother of all bull markets, the dot-com frenzy that lifted it 545%. At the same time, its slow-and-steady nature kept it out of the ranks of the fastest. Going by the S&P 500 — which isn’t in a bear market, technically — the 18.3% annualized gain at the top is actually smaller than all but one of 12 previous bull markets.

Its biggest claim to history is its length. While a robust debate exists among wonks over how to date bull markets, most statisticians consider this to be the most durable on record. It lasted 11 years and two days and featured two calendar years in which the total return exceeded 30%.

S&P 500 leaps way ahead of other markets

The unrelenting climb has made U.S. stocks the envy of the world for a decade. In the past 10 years, the S&P 500’s gained more than 135%, compared with an advance of about 60% in the MSCI All-Country World Index. Emerging market stocks fell around 2% over that period.

“It was an all-American bull market. It paid to be provincial,” said Doug Ramsey, chief investment officer at Leuthold Group. “Toward the end, consumer discretionary did exceptionally well, especially considering we came out of a massive consumer recession. That’s an all-American thing: consumption.”

Amid Europe’s credit crisis, a downgraded U.S. credit rating, the Flash Crash, the rally struggled to gain converts early on — some wags called it the most hated bull market ever. In later stages a different sort of contempt began to emerge, from struggling American wage earners who saw equity returns as a Fed-fomented gift to the 1%. At various times in the past decade the return on the S&P 500 has exceeded growth in worker pay by the most on record. Four tech megacaps have seen their value jump over $1 trillion.

That aside, for anyone depending on the market for old-age money, the sight of the plunge has been harrowing.

“Someday I’ll tell my grandchildren how our generation rode an investment fad that overweighted stocks in our portfolios from the highs down to the lows, leaving us with less than we hoped for in retirement,” said Chris Rupkey, chief financial economist for MUFG Union Bank. “The end of the bull market really means an end of confidence in our own futures. We’ll never see a repeat of 2019’s 28.8% gain in the S&P 500 again.”

https://www.bloomberg.com/news/articles/2020-03-11/bull-market-ends-like-it-began-in-chaos-without-any-warning

Story 2: World Health Organization (WHO) Declares COVID-19 Pandemic — 4 Countries (China, Iran, Italy, and South Korea ) Have Most Cases and Over 100 Countries Have Reported Cases– Videos 

BREAKING: Coronavirus declared a pandemic by WHO

What can we expect from Trump’s national address on coronavirus pandemic?

Coronavirus IS a pandemic: World Health Organization dramatically upgrades COVID-19 outbreak after ‘severity’ of cases across the globe and calls out ‘alarming inaction’ by some governments

  • The WHO said it was ‘deeply concerned by the alarming levels of spread and severity’ of the coronavirus
  • A pandemic is the uncontrolled spread of a new disease – more than 100 countries have recorded cases
  • Europe is now the centre of the crisis, with growing outbreaks in Italy, Spain, France, Germany and the UK 
  • At least 125,000 patients have been infected and 4,000 have died since the outbreak began last December
  • The virus has been spreading between humans in four continents since February 28, the WHO has admitted
  • Do you have a story about coronavirus? Email stephen.matthews@mailonline.co.uk or ring 020 361 51181
  • Coronavirus symptoms: what are they and should you see a doctor?

The World Health Organization today finally declared the coronavirus outbreak a pandemic after blaming ‘alarming levels of inaction’ by governments across the planet for fueling the crisis.

As the number of confirmed cases of the bug worldwide surpassed 112,000 – and the death toll neared 4,500 – the WHO said it was ‘deeply concerned by the alarming levels of spread and severity’.

Director-General of the UN agency Dr Tedros Adhanom also blasted governments for ignoring repeated WHO pleas to take urgent and aggressive action, with cases of the deadly illness outside of China having risen 13-fold in the space of a fortnight because of escalating crises in Italy, Iran, Spain, Germany, and France.

The WHO said: ‘Pandemic is not a word to use lightly or carelessly. It is a word that, if misused, can cause unreasonable fear, or unjustified acceptance that the fight is over, leading to unnecessary suffering and death.’

In a desperate call for governments to band together and tackle the coronavirus, Dr Adhanom said: ‘We’re in this together, to do the right things with calm and protect the citizens of the world. It’s doable.’

The last pandemic – defined as the uncontrolled worldwide spread of a new disease – to be officially declared was the swine flu outbreak in 2009, which scientists estimate killed hundreds of thousands of people.

More than 125,000 people globally have already been infected with the coronavirus, which can cause pneumonia but causes mild flu-like symptoms for 98 per cent of patients.

Cases have slowed dramatically in China, where the bug first emerged at the end of December. However, the crisis has now enveloped Europe, where the number of cases rises by the day.

Around 60million Italians – whose country is the worst-hid by the infection after China – are now subject to an official curfew imposed upon them by the Italian Government.

Outbreaks are also worsening in Spain, France, Germany, and the UK; in the latter, the eighth confirmed death by the coronavirus was announced earlier, leading to charges of dithering by Boris Johnson’s administration.

Leading experts, including Germany’s health minister, have called the crisis a pandemic for weeks – and the WHO itself has admitted the killer virus has been spreading between humans in four continents since February 28.

Medics in hazmat suits care to a patient in Civile Hospital, Brescia, Italy. Italy is at the centre of the escalating coronavirus crisis, with more than 10,000 cases recorded

A doctor in Wuhan, China – where the outbreak began at the end of December – checks the medicine given to an infected patient+29

A doctor in Wuhan, China – where the outbreak began at the end of December – checks the medicine given to an infected patient

Medical workers in Seoul, South Korea transfer a coronavirus patient to a hospital in a special tube to contain the virus

Doctors in Indonesia care for a suspected coronavirus patient at Suradadi Hospital in Tegal

WHAT IS THE DIFFERENCE BETWEEN A PANDEMIC AND AN EPIDEMIC?

An epidemic is a situation in which a disease takes hold in a single community, which could be a town, region or country.

For an epidemic to be declared, the disease must be continuing to spread among the population without people having to catch it from other people and not from the disease’s original source – in the case of the coronavirus this would be the animal market in Wuhan.

A pandemic is when this ongoing person-to-person spread of the disease happens in multiple countries around the world.

A disease being a pandemic does not make it more dangerous, nor change anything about how it affects people or what can be done to stop it.

The World Health Organization had hesitated to declare a pandemic because, for a long time, most of the cases being seen in countries outside of China were in people who had travelled there or caught it directly from someone who travelled there.

Now the disease is so widespread that people can catch it without any obvious link to China, and the numbers are continuing to rise worldwide despite travel bans, showing the virus is in constant circulation within various countries.

A report by the WHO on Monday confirmed that the virus was spreading unchecked in at least 30 countries in Europe, which is now at the centre of the global crisis.

In other developments to the escalating global crisis today:

  • An elderly woman became the first person to die of coronavirus in the Republic of Ireland; 
  • Iran reported 63 new deaths from the virus in 24 hours, the highest single-day toll since it announced the first deaths from the outbreak;
  • Three Disneyland Paris workers tested positive for the killer infection and were placed in quarantine as the park closes two attractions;
  • Holiday plans were thrown into further doubt as Turkey became the latest tourist hotspot to be hit by the coronavirus;
  • A passenger was arrested for licking his hand and wiping it on a handrail on the Belgian subway, forcing the train to be taken off service and disinfected;
  • A British woman became the first person to catch the killer illness in Jamaica – it is unclear where she caught the virus;
  • Experts have warned Italy has a higher death rate than expected because its population is older than average.

The specific definition of a pandemic are not universally agreed upon, but there are known to be three main criteria.

These are: sustained person-to-person transmission, evidence of world-wide spread and a disease that can cause sudden illness or death.

COVID-19 is a mild flu-like illness for the overwhelming majority of patients, which may explain why the WHO was so reluctant to call it a pandemic.

Until today, it said the clusters of cases in other countries around the world could be traced back to Asia, where the situation began.

Calling the outbreak a pandemic does not mean any advice given to countries on on how to contain the killer virus will change – it is just an admission that it is now spreading in dozens of nations.

More countries have now confirmed cases of COVID-19, the disease caused by the killer infection, than those that haven’t.

Saudi Arabia temporarily suspended travel of citizens and residents and halted flights with several states on Thursday due to coronavirus fears.

The decision includes the European Union, Switzerland, India, Pakistan, Sri Lanka, Philippines, Sudan, Ethiopia, South Sudan, Eritrea, Kenya, Djibouti, and Somalia, source added, saying the Kingdom also suspended entry to those coming from these countries.

Saudi Arabia also suspended passenger traffic through all land crossings with Jordan, while commercial and cargo traffic is still allowed, and the passage of exceptional humanitarian cases.

The decision excludes health workers in the Kingdom from Philippines and India, and evacuation, shipping and trade trips taking necessary precautions. Saudi Arabia has 45 coronavirus cases.

Cuba confirmed its first cases of coronavirus, while its textile industry has been drafted to fabricate masks and the government also urged citizens to make their own, amid a cash crunch and dwindling supplies worldwide.

The World Health Organization has said the coronavirus outbreak can now be classed as a pandemic. Pictured, it's chief executive Dr Tedros Adhanom

The World Health Organization has said the coronavirus outbreak can now be classed as a pandemic. Pictured, it’s chief executive Dr Tedros Adhanom

WHAT ARE COUNTRIES DOING TO STOP THE CORONAVIRUS?

World Health Organization director-general, Dr Tedros Adhanom Ghebreyesus, applauded the efforts Italy, South Korea and Iran have been making to try and stop the coronavirus.

Here’s what they’re doing:

Italy 

Italy’s government has this week put the entire country into a lockdown. Citizens have been told not to travel out of their hometowns unless it is necessary, and face jail time if they try to break the rules. They are allowed out to go shopping and to go to work in some cases.

Schools, museums, sports events and large gatherings have all been closed or cancelled to stop people coming together in crowds.

The country is urging all tourists who are there to leave and return to their home countries.

South Korea 

South Korea has been hailed as a success in its coronavirus response as it appears to have managed to stem a rapidly spiralling outbreak. Thousands of people were infected there in a short space of time but the country locked down the worst-hit cities – Daegu and Cheongdo – and ramped up testing and isolation protocols.

The nation quickly upgraded its response to a high alert level and was meticulous in tracing the contacts of its confirmed cases and testing and isolating them, too. Rapid diagnostic tests have been available there since mid-January, Pharmaceutical Technology reports.

It issued stay-home notices to citizens in Cheongdo and Daegu and sent the cities into shutdown while officials tracked down coronavirus patients.

Iran

Iran has also seen a devastating surge in coronavirus cases in a short time but has told its citizens to stop travelling around the country.

The country’s national airline has stopped all flights to Europe and the authorities have closed all schools and universities, stopped large events and sports matches, and cut people’s working hours to try and reduce travel and slow down the spread of the virus.

There are roadblocks with checks on people travelling around the city of Qom, where the outbreak started, The Guardian reported.

At a press conference in Geneva – where the WHO is based, Dr Tedros revealed 81 countries have not reported any cases.

He said: ‘We cannot say this loudly enough, or clearly enough, or often enough: all countries can still change the course of this pandemic. Even those countries with community transmission or large clusters can turn the tide on this coronavirus.’

Dr Tedros said several countries have demonstrated the virus can be suppressed and controlled – outbreaks in China and South Korea have dramatically slowed.

But he added the ‘challenge for many countries’ now dealing with large clusters ‘is not whether they can do the same – it’s whether they will’.

Dr Tedros also said: ‘Some countries are struggling with a lack of capacity. Some countries are struggling with a lack of resources.’

And in a veiled jab at some countries battling escalating outbreaks, he added: ‘Some countries are struggling with a lack of resolve.’

He said: ‘We are grateful for the measures being taken in Iran, Italy and South Korea to slow the virus and control their COVID19 epidemics. We know that these measures are taking a heavy toll on societies and economies, just as they did in China.

‘All countries must strike a fine balance between protecting health, minimizing economic & social disruption & respecting human rights.

‘This is not just a public health crisis, it is a crisis that will touch every sector – so every sector and every individual must be involved in the fight.

‘I remind all countries that we are calling on you to: activate & scale up your emergency response mechanisms; communicate with your people about the risks and how they can protect themselves; find, isolate, test and treat every COVID19 case and trace every contact.’

An epidemic is a situation in which a disease takes hold in a single community, which could be a town, region or country. A pandemic is when this ongoing person-to-person spread of the disease happens in multiple countries around the world.

A disease being a pandemic does not make it more dangerous, nor change anything about how it affects people or what can be done to stop it.

A report by the WHO on Monday confirmed that the virus was spreading unchecked in 30 countries in Europe, which is now at the centre of the global crisis.

The list of countries include Spain, Germany and France – popular Easter holiday destinations for thousands of Brits looking to jet abroad.

It comes after an elderly woman today became the first person to die of the killer coronavirus in the Republic of Ireland.

The patient, who hasn’t been identified, suffered from respiratory symptoms before a doctor decided to test for COVID-19.

Health chiefs in Ireland did not reveal her age but said she died earlier today despite treatment at a hospital in the east of the country.

Chief medical officer Dr Tony Holohan said: ‘I would like to extend my condolences to the family and friends of this patient.’

The head of the Irish Health Service Executive (HSE) Paul Reid tweeted that the Republic is entering 'a new phase' of coronavirus

The head of the Irish Health Service Executive (HSE) Paul Reid tweeted that the Republic is entering ‘a new phase’ of coronavirus

IRAN RECORDS 63 NEW DEATHS FROM THE VIRUS – THE HIGHEST DAILY TOLL

Iran today reported 63 new deaths from the coronavirus in the past 24 hours, the highest single-day toll since it announced the first deaths from the outbreak.

In an attempt to combat the disease, firefighters were deployed this morning to spray disinfectant over the city’s streets.

Iran’s Health Ministry said the deaths are among some 9,000 confirmed cases in Iran, where the virus has spread to all of the country’s provinces.

Iran is yet to officially impose quarantines but authorities have repeatedly called on people to refrain from travelling. It has closed schools and universities and resorted to shutting hotels and other tourist accommodation to discourage travel.

 Among the dead are five of Iran’s elite Revolutionary Guard members and an unspecified number of the Guard’s volunteer Basij force.

There are concerns that the number of infections across Iran is much higher than the confirmed cases reported by the government, which is struggling to contain or manage its spread. The rising casualty figures each day in Iran suggest the fight against the new coronavirus is far from over.

In other developments, a British woman died of coronavirus in Indonesia – becoming the country’s first death in the epidemic.

Indonesia’s government said the 53-year-old woman with diabetes and lung disease had died in hospital after being admitted in a critical condition.

Reports in Indonesia say she was cremated today. Her husband was also in Indonesia and is due to return to Britain soon, officials say.

It means eight Brits have now died from COVID-19. The first death to be recorded was a holidaymaker onboard the doomed Diamond Princess cruise ship, which was quarantined off the coast of Japan.

Six fatalities have since been recorded in England. Scotland, Wales and Northern Ireland have yet to record any deaths.

Iran today reported 63 new deaths from the coronavirus in the past 24 hours, the highest single-day toll since it announced the first deaths from the outbreak.

In an attempt to combat the disease, firefighters were deployed this morning to spray disinfectant over the city’s streets.

Iran’s Health Ministry said the deaths are among some 9,000 confirmed cases in Iran, where the virus has spread to all of the country’s provinces.

Iran is yet to officially impose quarantines but authorities have repeatedly called on people to refrain from travelling.

It has closed schools and universities and resorted to shutting hotels and other tourist accommodation to discourage travel.

Indonesia's government said the 53-year-old woman with diabetes and lung disease had died in hospital, reportedly the Sanglah hospital in Bali (pictured)

The British woman was reportedly cremated at this crematorium complex in Bali today (pictured) after she died following a positive test for coronavirus
Pictured, a couple wearing face masks on the tube in London, where 104 cases of coronavirus have been confirmed

Pictured, a male goes about this normal travel business on a quiet Bakerloo Line today

Most of the cases confirmed in the UK have been in England (387). Fears are mounting that the worsening crisis in the UK is mirroring that of Italy, where 60million people have been placed in an unprecedented lockdown

People wearing a protective face masks walking across London Bridge today as Britain braces itself for an increase in cases of the coronavirus. Experts expect the outbreak to peak in the next fortnight with thousands more cases

People wearing a protective face masks walking across London Bridge today as Britain braces itself for an increase in cases of the coronavirus. Experts expect the outbreak to peak in the next fortnight with thousands more cases

Firefighters on a firetruck trundle down a road in southern Tehran today, spraying disinfectant to stem the spread of the coronavirus

Firefighters on a firetruck trundle down a road in southern Tehran today, spraying disinfectant to stem the spread of the coronavirus

A firefighter points from the spraying end of a fire truck that is disinfecting the streets of Tehran, today

A firefighter points from the spraying end of a fire truck that is disinfecting the streets of Tehran, today

Disinfection works are being carried out by fire brigade crew in the streets of Tehran as a precaution against coronavirus (COVID-19) today

Disinfection works are being carried out by fire brigade crew in the streets of Tehran as a precaution against coronavirus (COVID-19) today

Iranian firefighters disinfect the streets of Tehran to halt the spread of the coronavirus today

WHY ARE SO MANY PATIENTS DYING IN ITALY?

Italy has the highest coronavirus death rate in the world with one in every 16 people who catch the disease there dying from it.

At least 10,149 people have now been diagnosed with the virus, making it the worst hit country outside of China, and 631 are confirmed to have died.

Its death rate is 6.22 per cent, according to the most recent data – the highest in the world.

The deadly impact in Italy has been put down to three possible factors – a huge population of old people, cases being concentrated in a small area, and a lag in testing meaning the number of total cases is inaccurate.

Italy has the biggest population of elderly people in Europe, with almost a quarter of people (22 per cent) aged 65 or older. And the median age – the middle of the age range – is 46.5 years old, according to the CIA – the fifth highest in the world.

For comparison, the UK’s median age is 40.6 (18 per cent aged over 65) and the US’s is 38.5 (17 per cent over 65).

The older someone is, the more deadly catching the coronavirus can be. Age is known to be one of the biggest risk factors because the immune system and lungs are naturally weaker so the body is less able to fend off pneumonia, which the virus causes in severe cases.

Research has found that people aged 80 or over have a 14.8 per cent risk (one in seven) of dying if they develop COVID-19, the disease caused by the coronavirus.

 Among the dead are five of Iran’s elite Revolutionary Guard members and an unspecified number of the Guard’s volunteer Basij force.

There are concerns that the number of infections across Iran is much higher than the confirmed cases reported by the government, which is struggling to contain or manage its spread.

The rising casualty figures each day in Iran suggest the fight against the new coronavirus is far from over.

It comes after a passenger was arrested for licking his hand and wiping it on a handrail on the Belgian subway, forcing the train to be taken off service and disinfected.

The unidentified man, who appears intoxicated, can be seen removing his mask before bringing his hand to his mouth and licking it.

He then brings his right hand up to the vertical rail and grips it, before rubbing it along the bar.

The Brussels Intercommunal Transport Company, the capital’s public transport provider, tweeted shortly after the event: ‘The man (intoxicated) was arrested by the police and our security service.

‘The subway train was withdrawn from service to be disinfected. Thank you for your message. Our metros are cleaned every day.’

The video, posted by a user who preferred to remain anonymous, was uploaded to Twitter on Saturday and social media users were outraged by the man’s behaviour.

Elsewhere in Europe, Poland today closed all schools, museums and cinemas, while Ukraine’s capital city Kiev will shut all educational buildings due to fears of coronavirus spreading despite both countries having lower rates of infection compared to the rest of Europe.

Speaking at a joint conference following a special meeting on coronavirus, Polish ministers said that pre-schools and schools would stop teaching on Thursday, but limited care would still be provided this week to the youngest children. Universities, museums, theaters and cinemas will also close on Thursday for two weeks, the officials said.

In the footage posted on the 9 March, the man can be seen cradling his can of beer on the Belgium subway system

In the footage posted on the 9 March, the man can be seen cradling his can of beer on the Belgium subway system

The man, who the Brussels public transport system said was intoxicated, can be seen pulling down his face mask

BUT DIDN’T THE WORLD HEALTH ORGANIZATION SAY IT WOULD NOT DECLARE OUTBREAKS A PANDEMIC?

The WHO drew flak for declaring the 2009 swine flu outbreak a pandemic, which turned out to be mild and less deadly than feared.

It used to use a six-phase system for outbreaks, with phase six being a full-blown pandemic. Critics said the WHO created panic about swine flu and caused governments to stockpile vaccines which went unused.

Some even questioned its links to the pharmaceutical industry, after firms such as GlaxoSmithKline profited from producing a H1N1 vaccine.

H1N1, which emerged in Mexico and the US, is thought to have killed up to 200,000 people in more than 200 countries.

WHO spokesperson Tarik Jasarevic told MailOnline that the body no longer uses the six-tier phasing system but added its advice ‘remains the same’.

He said: ‘We continue working with countries to limit the spread of the virus while also preparing for the possibility of wider spread.’

The WHO eventually declared the coronavirus outbreak a public health emergency of international concern (PHEIC) on January 30.

The WHO rejected making the coronavirus outbreak a PHEIC before its eventual U-turn. It is only the sixth time the term has been used.

The designation, still in place, was aimed at helping countries with weaker health systems shore up their defenses, especially in Africa.

The move is also being carried out by Poland’s neighbour, Ukraine, in its capital city, Kiev.

Poland has confirmed 26 cases of coronavirus, but looking at how fast the virus spreads in some other European countries, the government decided to take the preventive action, officials said.

The Mayor of Kiev, Vitaly Klitschko, whose country has counted just one case, said he was introducing similar ‘preventive measures’.

The WHO earlier this month admitted the killer coronavirus outbreak sweeping the world won’t be officially declared a pandemic.

Instead, the UN-body said the crisis has already been a public health emergency of international concern – the highest warning level – for a month.

The WHO drew flak for declaring the 2009 swine flu outbreak a pandemic, which turned out to be mild and less deadly than feared.

It used to use a six-phase system for outbreaks, with phase six being a full-blown pandemic.

Critics said the WHO created panic about swine flu and caused governments to stockpile vaccines which went unused.

Some even questioned its links to the pharmaceutical industry, after firms such as GlaxoSmithKline profited from producing a H1N1 vaccine.

H1N1, which emerged in Mexico and the US, is thought to have killed up to 200,000 people in more than 200 countries.

The WHO eventually declared the coronavirus outbreak a public health emergency of international concern (PHEIC) on January 30.

The WHO rejected making the coronavirus outbreak a PHEIC before its eventual U-turn. It is only the sixth time the term has been used.

The designation, still in place, was aimed at helping countries with weaker health systems shore up their defenses, especially in Africa.

Polish Border Guard officers during a sanitary control on the Polish-Ukrainian railway border in Przemysl, southeastern Poland, yesterday

Health workers wear a protective masks and suits as they stands next to a temporary health facility before screening passengers on the A1 highway near the Polish-Czech border yesterday in Gorzyczki, Poland

Why are so many people dying from the coronavirus in Italy? Experts warn country’s population is older than average and say thousands of cases could have been missed because symptoms are so mild

Italy has the highest coronavirus death rate in the world with one in every 16 people who catch the disease there dying from it.

At least 10,149 people have now been diagnosed with the virus, making it the worst hit country outside of China, and 631 are confirmed to have died.

Its death rate is 6.22 per cent, according to the most recent data – the highest in the world.

In China the death rate is 3.91 per cent and scientists have suggested if that is higher than the true figure because many cases are likely to be going unreported.

The deadly impact in Italy has been put down to three possible factors – a huge population of old people, cases being concentrated in a small area, and a lag in testing meaning the number of total cases is inaccurate.

Only Wuhan and the Hubei province around it have more cases of the coronavirus than Lombardy, the worst hit area in Italy, which is putting immense pressure on local health systems.

Italy has the worst coronavirus death rate in the world, which experts put down to its elderly population and the possibility that a large number of cases are not being diagnosed

Milan's Duomo cathedral is pictured almost deserted today as Italy is in complete lockdown as it grapples with the worst coronavirus outbreak outside of China

A municipal worker is seen spraying disinfectant in Piazza San Marco in Venice today. Tourism has all but stopped in Italy and citizens are banned from travelling

A municipal worker is seen spraying disinfectant in Piazza San Marco in Venice today. Tourism has all but stopped in Italy and citizens are banned from travelling

Italy has become the unlikely epicenter of the world’s coronavirus crisis.

It yesterday recorded a massive 168 deaths in a single day and, on Monday, had at least 1,492 new infections confirmed.

Even in the peak of its own epidemic, China – with a population 22 times the size of Italy’s – never recorded more than 3,900 in a day.

Government complacency has been blamed for the speed at which the outbreak has gripped the country, but the age of its citizens may be what is causing the deaths.

Italy has the biggest population of elderly people in Europe, with almost a quarter of people (22 per cent) aged 65 or older.

And the median age – the middle of the age range – is 46.5 years old, according to the CIA – the fifth highest in the world.

For comparison, the UK’s median age is 40.6 (18 per cent aged over 65) and the US’s is 38.5 (17 per cent over 65).

The older someone is, the more deadly catching the coronavirus can be.

Age is known to be one of the biggest risk factors because the immune system and lungs are naturally weaker so the body is less able to fend off pneumonia, which the virus causes in severe cases.

Research has found that people aged 80 or over have a 14.8 per cent risk (one in seven) of dying if they develop COVID-19, the disease caused by the coronavirus.

The local president of Lombardy, Attilio Fontana, confirmed: ‘All the deaths we’ve had are either very old people or very sick people,’ the New York Times reported.

Figures from the World Health Organization and Chinese scientists reveal that as the age of the patient increases, the greater their risk of dying

People queue up outside a supermarket in Rome today. People have been urged to keep their distance from others and to avoid forming crowds

Top-tier football teams Juventus and Inter Milan are pictured playing a match behind closed doors earlier this week – the Serie A league has since been put on hold as the government battles the outbreak

A roadblock is shown at the Austrian border – Austria is now turning away Italian citizens who try to cross onto its soil without a certificate proving they're coronavirus-free

A roadblock is shown at the Austrian border – Austria is now turning away Italian citizens who try to cross onto its soil without a certificate proving they’re coronavirus-free

Victim’s brother furious at lack of support from Italian authorities

WHAT ARE THE RULES OF ITALY’S QUARANTINE?

THE SICK MUST STAY AT HOME

People who have tested positive for coronavirus must not leave their homes for any reason.

Anyone with a fever or respiratory symptoms is urged to stay at home and limit social contact, including with their doctor.

NO TRAVEL ACROSS ITALY

Travel is only allowed for ‘urgent, verifiable work situations and emergencies or health reasons’. Grocery shopping is considered a ‘necessity’ and still allowed.

To avoid work-related travel, public and private companies have been urged to put their staff on leave.

Flights, trains and public transport will continue but Prime Minister Giuseppe Conte says he wants as many people as possible to stay at home.

People who do want to travel will need to fill in a document explaining their reasons for doing so and carry it with them.

NO PUBLIC GATHERINGS

‘All forms of gatherings in public places or sites open to the public’ are banned, the decree says.

Cinemas, museums, theatres, pubs, dance schools, betting shops and discos are all closed. Weddings and funerals are banned. Schools and universities will remain shut until April 3.

Bars and restaurants were only allowed to open between 8am and 6pm, the decree said, and only if a distance of at least 3ft could be kept between customers.

Sporting events of all levels and disciplines were cancelled – stopping play in the Serie A football league. Fixtures in international competitions can go ahead but will be played behind closed doors.

Gyms, sports centres, swimming pools, spas and leisure centres must close.

SHOPS MUST KEEP 3FT DISTANCE

Shops can remain open but only if they can guarantee the 3ft safety distance for customers.

Big and mid-sized shopping centres have to close at the weekend. Food stores are allowed to remain open at all hours.

NO LEAVE FOR HEALTH WORKERS

Leave for health workers is cancelled. People accompanying their friends or relatives to emergency units are not allowed to stay with them in the waiting rooms without express permission.

ALL OF ITALY IS COVERED

The entire country, including the islands of Sicily and Sardinia, is covered by the decree – covering a total population of some 60million people.

As patient ages decline, so do their chances of dying.

Between 60 and 69 years old the death rate is around 3.6 per cent, while it is more like 1.3 per cent for those aged 50 to 59.

For people in their 40s this drops to 0.4 per cent, and it’s just 0.2 per cent for those in their 30s.

People who have other long-term health problems, such as diabetes, heart disease or cancer are also at a greater risk because they have weaker immune systems than usual.

Italians caught up in the country’s coronavirus outbreak may also be at particularly high risk because most of the cases are concentrated in a small area.

The northern regions of Lombardy and Veneto are the ones that have been hardest hit by the infection.

Lombardy is an area smaller than England with Milan as its only major city, but is host to more than 5,000 coronavirus cases, while the surrounding regions of Emilia-Romagna, Veneto and Piedmont contain the majority of the remainder.

This means Lombardy has more cases than any province of China outside of Hubei, of which Wuhan is the capital.

That region alone has more cases than Spain, France, Germany or the US do in total.

As a result local hospitals are under immense pressure, which means patients may not get the high quality care they need and the virus could be more likely to spread in overloaded hospitals.

Experts also say that the true number of cases is not being recorded in Italy because the infection is spreading so fast and people with mild illness may not be counted.

This means the death rate appears higher than it is because all the deaths will be counted – most patients will have been hospitalised and diagnosed before dying –but not all the infections.

Krys Johnson, a disease expert at Temple University in Philadelphia, admitted: ‘We probably don’t know how many people have actually become infected,’ according to Scientific American.

The situation is so bad in Italy partly because the Government stopped testing people in late January unless they had been to China.

Strict rules had been put in place to test anyone with the symptoms of coronavirus but, after the Government banned all flights from China – it was the first country to do so – the testing relaxed.

As a result, infected people are believed to have travelled into Italy from other countries.

The first confirmed patient is thought to have passed the virus on to at least five other people, including doctors and patients in the hospital he was taken to, before even being diagnosed.

Officials still don’t know how the man, a 38-year-old in Milan, was infected, and there are fears the virus circulated for weeks before he was discovered.

WHAT DO WE KNOW ABOUT THE CORONAVIRUS?

Someone who is infected with the coronavirus can spread it with just a simple cough or a sneeze, scientists say.

More than 4,500 people with the virus are now confirmed to have died and more than 125,000 have been infected. Here’s what we know so far:

What is the coronavirus?

A coronavirus is a type of virus which can cause illness in animals and people. Viruses break into cells inside their host and use them to reproduce itself and disrupt the body’s normal functions. Coronaviruses are named after the Latin word ‘corona’, which means crown, because they are encased by a spiked shell which resembles a royal crown.

The coronavirus from Wuhan is one which has never been seen before this outbreak. It has been named SARS-CoV-2 by the International Committee on Taxonomy of Viruses. The name stands for Severe Acute Respiratory Syndrome coronavirus 2.

Experts say the bug, which has killed around one in 50 patients since the outbreak began in December, is a ‘sister’ of the SARS illness which hit China in 2002, so has been named after it.

The disease that the virus causes has been named COVID-19, which stands for coronavirus disease 2019.

Dr Helena Maier, from the Pirbright Institute, said: ‘Coronaviruses are a family of viruses that infect a wide range of different species including humans, cattle, pigs, chickens, dogs, cats and wild animals.

‘Until this new coronavirus was identified, there were only six different coronaviruses known to infect humans. Four of these cause a mild common cold-type illness, but since 2002 there has been the emergence of two new coronaviruses that can infect humans and result in more severe disease (Severe acute respiratory syndrome (SARS) and Middle East respiratory syndrome (MERS) coronaviruses).

‘Coronaviruses are known to be able to occasionally jump from one species to another and that is what happened in the case of SARS, MERS and the new coronavirus. The animal origin of the new coronavirus is not yet known.’

The first human cases were publicly reported from the Chinese city of Wuhan, where approximately 11million people live, after medics first started publicly reporting infections on December 31.

By January 8, 59 suspected cases had been reported and seven people were in critical condition. Tests were developed for the new virus and recorded cases started to surge.

The first person died that week and, by January 16, two were dead and 41 cases were confirmed. The next day, scientists predicted that 1,700 people had become infected, possibly up to 7,000.

Just a week after that, there had been more than 800 confirmed cases and those same scientists estimated that some 4,000 – possibly 9,700 – were infected in Wuhan alone. By that point, 26 people had died.

By January 27, more than 2,800 people were confirmed to have been infected, 81 had died, and estimates of the total number of cases ranged from 100,000 to 350,000 in Wuhan alone.

By January 29, the number of deaths had risen to 132 and cases were in excess of 6,000.  

By February 5, there were more than 24,000 cases and 492 deaths.

By February 11, this had risen to more than 43,000 cases and 1,000 deaths. 

A change in the way cases are confirmed on February 13 – doctors decided to start using lung scans as a formal diagnosis, as well as laboratory tests – caused a spike in the number of cases, to more than 60,000 and to 1,369 deaths.

By February 25, around 80,000 people had been infected and some 2,700 had died. February 25 was the first day in the outbreak when fewer cases were diagnosed within China than in the rest of the world. 

Where does the virus come from?

According to scientists, the virus almost certainly came from bats. Coronaviruses in general tend to originate in animals – the similar SARS and MERS viruses are believed to have originated in civet cats and camels, respectively.

The first cases of COVID-19 came from people visiting or working in a live animal market in Wuhan, which has since been closed down for investigation.

Although the market is officially a seafood market, other dead and living animals were being sold there, including wolf cubs, salamanders, snakes, peacocks, porcupines and camel meat.

A study by the Wuhan Institute of Virology, published in February 2020 in the scientific journal Nature, found that the genetic make-up virus samples found in patients in China is 96 per cent identical to a coronavirus they found in bats.

However, there were not many bats at the market so scientists say it was likely there was an animal which acted as a middle-man, contracting it from a bat before then transmitting it to a human. It has not yet been confirmed what type of animal this was.

Dr Michael Skinner, a virologist at Imperial College London, was not involved with the research but said: ‘The discovery definitely places the origin of nCoV in bats in China.

‘We still do not know whether another species served as an intermediate host to amplify the virus, and possibly even to bring it to the market, nor what species that host might have been.’

So far the fatalities are quite low. Why are health experts so worried about it? 

Experts say the international community is concerned about the virus because so little is known about it and it appears to be spreading quickly.

It is similar to SARS, which infected 8,000 people and killed nearly 800 in an outbreak in Asia in 2003, in that it is a type of coronavirus which infects humans’ lungs. It is less deadly than SARS, however, which killed around one in 10 people, compared to approximately one in 50 for COVID-19.

Another reason for concern is that nobody has any immunity to the virus because they’ve never encountered it before. This means it may be able to cause more damage than viruses we come across often, like the flu or common cold.

Speaking at a briefing in January, Oxford University professor, Dr Peter Horby, said: ‘Novel viruses can spread much faster through the population than viruses which circulate all the time because we have no immunity to them.

‘Most seasonal flu viruses have a case fatality rate of less than one in 1,000 people. Here we’re talking about a virus where we don’t understand fully the severity spectrum but it’s possible the case fatality rate could be as high as two per cent.’

If the death rate is truly two per cent, that means two out of every 100 patients who get it will die.

‘My feeling is it’s lower,’ Dr Horby added. ‘We’re probably missing this iceberg of milder cases. But that’s the current circumstance we’re in.

‘Two per cent case fatality rate is comparable to the Spanish Flu pandemic in 1918 so it is a significant concern globally.’

How does the virus spread?

The illness can spread between people just through coughs and sneezes, making it an extremely contagious infection. And it may also spread even before someone has symptoms.

It is believed to travel in the saliva and even through water in the eyes, therefore close contact, kissing, and sharing cutlery or utensils are all risky. It can also live on surfaces, such as plastic and steel, for up to 72 hours, meaning people can catch it by touching contaminated surfaces.

Originally, people were thought to be catching it from a live animal market in Wuhan city. But cases soon began to emerge in people who had never been there, which forced medics to realise it was spreading from person to person.

What does the virus do to you? What are the symptoms?

Once someone has caught the COVID-19 virus it may take between two and 14 days, or even longer, for them to show any symptoms – but they may still be contagious during this time.

If and when they do become ill, typical signs include a runny nose, a cough, sore throat and a fever (high temperature). The vast majority of patients will recover from these without any issues, and many will need no medical help at all.

In a small group of patients, who seem mainly to be the elderly or those with long-term illnesses, it can lead to pneumonia. Pneumonia is an infection in which the insides of the lungs swell up and fill with fluid. It makes it increasingly difficult to breathe and, if left untreated, can be fatal and suffocate people.

Figures are showing that young children do not seem to be particularly badly affected by the virus, which they say is peculiar considering their susceptibility to flu, but it is not clear why.

What have genetic tests revealed about the virus?

Scientists in China have recorded the genetic sequences of around 19 strains of the virus and released them to experts working around the world.

This allows others to study them, develop tests and potentially look into treating the illness they cause.

Examinations have revealed the coronavirus did not change much – changing is known as mutating – much during the early stages of its spread.

However, the director-general of China’s Center for Disease Control and Prevention, Gao Fu, said the virus was mutating and adapting as it spread through people.

This means efforts to study the virus and to potentially control it may be made extra difficult because the virus might look different every time scientists analyse it.

More study may be able to reveal whether the virus first infected a small number of people then change and spread from them, or whether there were various versions of the virus coming from animals which have developed separately.

How dangerous is the virus?  

The virus has a death rate of around two per cent. This is a similar death rate to the Spanish Flu outbreak which, in 1918, went on to kill around 50million people.

Experts have been conflicted since the beginning of the outbreak about whether the true number of people who are infected is significantly higher than the official numbers of recorded cases. Some people are expected to have such mild symptoms that they never even realise they are ill unless they’re tested, so only the more serious cases get discovered, making the death toll seem higher than it really is.

However, an investigation into government surveillance in China said it had found no reason to believe this was true.

Dr Bruce Aylward, a World Health Organization official who went on a mission to China, said there was no evidence that figures were only showing the tip of the iceberg, and said recording appeared to be accurate, Stat News reported.

Can the virus be cured?

The COVID-19 virus cannot be cured and it is proving difficult to contain.

Antibiotics do not work against viruses, so they are out of the question. Antiviral drugs can work, but the process of understanding a virus then developing and producing drugs to treat it would take years and huge amounts of money.

No vaccine exists for the coronavirus yet and it’s not likely one will be developed in time to be of any use in this outbreak, for similar reasons to the above.

The National Institutes of Health in the US, and Baylor University in Waco, Texas, say they are working on a vaccine based on what they know about coronaviruses in general, using information from the SARS outbreak. But this may take a year or more to develop, according to Pharmaceutical Technology.

Currently, governments and health authorities are working to contain the virus and to care for patients who are sick and stop them infecting other people.

People who catch the illness are being quarantined in hospitals, where their symptoms can be treated and they will be away from the uninfected public.

And airports around the world are putting in place screening measures such as having doctors on-site, taking people’s temperatures to check for fevers and using thermal screening to spot those who might be ill (infection causes a raised temperature).

However, it can take weeks for symptoms to appear, so there is only a small likelihood that patients will be spotted up in an airport.

Is this outbreak an epidemic or a pandemic?

The outbreak was declared a pandemic on March 11. A pandemic is defined by the World Health Organization as the ‘worldwide spread of a new disease’.

Previously, the UN agency said most cases outside of Hubei had been ‘spillover’ from the epicentre, so the disease wasn’t actually spreading actively around the world.

https://www.dailymail.co.uk/health/article-8101003/World-Health-Organization-says-coronavirus-classed-pandemic.html

Story 3: Dr. Fauci: We’re going to get a lot more infections — Videos —

Dr. Fauci: We’re going to get a lot more infections

Ingraham: Contain the virus but protect our freedom

 

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The Pronk Pops Show 347, October 13, 2014, Story 1: Breaking News: Second Confirmed Ebola Case of Health Care Worker in Dallas Texas Health Presbyterian Hospital — Ebola Is Airborne and Spreading — Center for Disease Control (CDC) Blames It on Breach of Protocol — CDC’s Deep Denial Delusions — World Health Organization (WHO): Aerosolised Ebola Virus droplets produced from coughing or sneezing. — Videos

Posted on October 13, 2014. Filed under: American History, Biology, Blogroll, Business, Communications, Constitutional Law, Disasters, Drugs, Ebola, Economics, Education, Elections, Employment, Energy, European History, Federal Government, Food, Foreign Policy, Genocide, Government, Government Spending, Health Care, History, Illegal Immigration, Illegal Immigration, Immigration, Impeachment, Insurance, Language, Law, Media, Obama, Philosophy, Photos, Politics, Polls, Radio, Scandals, Science, Security, Social Science, Technology, Terror, Unemployment, War, Wealth, Weapons, Weapons of Mass Destruction, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 347: October 13, 2014

Pronk Pops Show 346: October 9, 2014

Pronk Pops Show 345: October 8, 2014

Pronk Pops Show 344: October 6, 2014

Pronk Pops Show 343: October 3, 2014

Pronk Pops Show 342: October 2, 2014

Pronk Pops Show 341: October 1, 2014

Pronk Pops Show 340: September 30, 2014

Pronk Pops Show 339: September 29, 2014

Pronk Pops Show 338: September 26, 2014

Pronk Pops Show 337: September 25, 2014

Pronk Pops Show 336: September 24, 2014

Pronk Pops Show 335: September 23 2014

Pronk Pops Show 334: September 22 2014

Pronk Pops Show 333: September 19 2014

Pronk Pops Show 332: September 18 2014

Pronk Pops Show 331: September 17, 2014

Pronk Pops Show 330: September 16, 2014

Pronk Pops Show 329: September 15, 2014

Pronk Pops Show 328: September 12, 2014

Pronk Pops Show 327: September 11, 2014

Pronk Pops Show 326: September 10, 2014

Pronk Pops Show 325: September 9, 2014

Pronk Pops Show 324: September 8, 2014

Pronk Pops Show 323: September 5, 2014

Pronk Pops Show 322: September 4, 2014

Pronk Pops Show 321: September 3, 2014

Pronk Pops Show 320: August 29, 2014

Pronk Pops Show 319: August 28, 2014

Pronk Pops Show 318: August 27, 2014 

Pronk Pops Show 317: August 22, 2014

Pronk Pops Show 316: August 20, 2014

Pronk Pops Show 315: August 18, 2014

Pronk Pops Show 314: August 15, 2014

Pronk Pops Show 313: August 14, 2014

Pronk Pops Show 312: August 13, 2014

Pronk Pops Show 311: August 11, 2014

Pronk Pops Show 310: August 8, 2014

Pronk Pops Show 309: August 6, 2014

Pronk Pops Show 308: August 4, 2014

Pronk Pops Show 307: August 1, 2014 

Pronk Pops Show 306: July 31, 2014

Pronk Pops Show 305: July 30, 2014

Pronk Pops Show 304: July 29, 2014

Pronk Pops Show 303: July 28, 2014

Pronk Pops Show 302: July 24, 2014

Pronk Pops Show 301: July 23, 2014

Pronk Pops Show 300: July 22, 2014

Pronk Pops Show 299: July 21, 2014

Pronk Pops Show 298: July 18, 2014

Pronk Pops Show 297: July 17, 2014

Pronk Pops Show 296: July 16, 2014

Pronk Pops Show 295: July 15, 2014

Pronk Pops Show 294: July 14, 2014

Pronk Pops Show 293: July 11, 2014

Pronk Pops Show 292: July 9, 2014

Pronk Pops Show 291: July 7, 2014

Pronk Pops Show 290: July 3, 2014

Pronk Pops Show 289: July 2, 2014

Story 1: Breaking News: Second Confirmed Ebola Case of Health Care Worker in Dallas Texas Health Presbyterian Hospital  — Ebola Is Airborne and Spreading — Center for Disease Control (CDC) Blames It on Breach of Protocol — CDC’s Deep Denial Delusions — World Health Organization (WHO): Aerosolised Ebola Virus droplets produced from coughing or sneezing. –Videos

Texas-Hospital-Patient-Confirmed

I beseech you, in the bowels of Christ, think it possible you may be mistaken.

Oliver Cromwell

What Happens When You Are Infected With The Ebola Virus? Common Cold,Bleeding Out The Ears And Eyes

Ebola Outrage as Outbreak Officially Begins In U.S.

Dallas Dog Raises Questions About Animals And Ebola

Ebola: The Undocumented Pandemic

#Ebola outbreak: Texas nurse tests positive & Suspected Case in Boston

CDC investigating Ebola protocol, as second U.S. patient confirmed

SouthCom Issues Stark Ebola Warning: “Katie Bar the Door”

Marine Corps general who leads America’s Southern Command warned Tuesday that the U.S. could face an unprecedented flood of immigrants from the south if the Ebola virus epidemic hits Central America.

‘If it breaks out, it’s literally, “Katie bar the door”,’ Gen John Kelly told said during a public discussion at the National Defense University. ‘And there will be mass migration into the United States.’

US Army: Ebola like FLU needs Winter Weather to go AIRBORNE

CDC Warns On AIRBORNE EBOLA

Max Alert! EBOLA Bodily Fluids Readily Airborne Weaponizable

Second CONFIRMED Case Of Ebola In The U.S. Texas hospital worker tests positive for Ebola

Pestilence : Health Care worker at Dallas Texas Hospital tests positive for Ebola (Oct 12, 2014)

Ebola Health care worker tests positive at Texas hospital

Pestilence : Press Conference of Second Confirmed Diagnosed Case in Texas (Oct 12, 2014)

Ebola – The Truth About the Outbreak (Documentary)

What Pisses Me Off About Ebola

Why Do Viruses Kill

MicroKillers: Super Flu

After Armageddon  (when deadly virus strikes)

Science Today: Virus Mutation | California Academy of Sciences

Antigenic Shift

Influenza: Get the (Antigenic) Drift

Flu Shift and Drift

Virus Basics

Introduction to Viruses and Viral Replication

Antigenic Shift – the Spread of a New, Mutated Virus

Ebola: The world’s most dangerous Virus (full documentary)

Texas nurse fighting Ebola receives blood transfusion from survivor Dr Kent Brantly – who also matched blood types with two others struck by the deadly virus in the U.S.

  • Nina Pham, 26, has received blood transfusion from Dr Kent Brantly
  • Survivor Brantly also donated to Dr Nick Sacra and NBC’s Ashoka Mukpo
  • Antibodies in his blood could help the patients fight the disease
  • Pham caught the Ebola virus while treating Thomas Eric Duncan in Dallas
  • Second person who some identified as Miss Pham’s boyfriend is being monitored for symptoms  
  • Miss Pham raised in Vietnamese family in Fort Worth and graduated from Texas Christian University in 2010 with Bachelor of Science in Nursing 
  • HazChem teams spent the weekend fumigating her Dallas apartment 
  • Authorities have blamed a ‘breach of protocol’ – but nursing leaders have criticized the CDC for making her a scapegoat 
  • About 70 staff members at Texas hospital were involved in the care of first Ebola patient Thomas Eric Duncan after he was hospitalized

The Texan nurse diagnosed with Ebola has received a blood transfusion from survivor Dr Kent Brantly.

It is the third time Dr Brantly has donated blood to an Ebola victim after medics discovered he had the same blood type as previous patient Dr Nick Sacra and NBC cameraman Ashoka Mukpo, who is still being treated.

Incredibly, nurse Nina Pham, 26, has also matched with Dr Brantly and on Monday received a transfusion of his blood in a move that doctors believe could save her life.

Lifeline: Dr Kent Brantly (left), who has been cleared of Ebola, has match blood types with Nina Pham (right) and donated so she can receive a blood transfusion to battle the deadly virus she caught treating a patient

Lifeline: Dr Kent Brantly (left), who has been cleared of Ebola, has match blood types with Nina Pham (right) and donated so she can receive a blood transfusion to battle the deadly virus she caught treating a patient

Lifeline: Dr Kent Brantly (left), who has been cleared of Ebola, has match blood types with Nina Pham (right) and donated so she can receive a blood transfusion to battle the deadly virus she caught treating a patient

Miss Pham has been in quarantine since Friday after catching the disease from ‘patient zero’ Thomas Eric Duncan – the man who brought the deadly virus to America.

About 70 staff members at Texas Health Presbyterian Hospital were involved in the care of Mr Duncan after he was hospitalized, including the 26-year-old.

Brantly is believed to have traveled to Texas Health Presbyterian Hospital, where Pham worked, to make the donation on Sunday night.

Miss Pham’s condition was described as ‘clinically stable’ on Tuesday morning. She is believed to be in good spirits and had spoken to her mother via Skype.

A second person who came in contact with the nurse is being monitored for Ebola symptoms in an isolation unit at Texas Presbyterian. He is reportedly Miss Pham’s boyfriend according to Dallas News.

The individual works at Alcon in Fort Worth, according to a staff email seen by CBS. MailOnline was awaiting confirmation from the global eye care products company.

Those who have survived Ebola have antibodies in their blood which can help new sufferers beat the disease.

Dr Kent Brantly was flown back from Liberia to the U.S. after contracting Ebola during his missionary work for Samaritan’s Purse.

He survived after receiving a dose of the experimental serum Z-Mapp and round-the-clock care at Emory University Hospital in Atlanta, Georgia.

On September 10, Dr Brantly donated blood to a fellow doctor, Dr Rick Sacra, who also contracted Ebola during his work in West Africa and survived the disease.

Last Tuesday, he was on a road trip from Indiana to Texas when he received a call from Ashoka Mukpo’s medical center in Nebraska telling him his blood type matched Mukpo’s.

He also offered his blood to Thomas Eric Duncan but their blood types didn’t match.

Cured: Dr Nick Sacra was cleared of Ebola after receiving a blood transfusion from Dr Kent Brantly

Being treated: On Tuesday, Dr Brantly pulled over during a road trip to give blood to NBC's Ashoka Mukpo

Being treated: On Tuesday, Dr Brantly pulled over during a road trip to give blood to NBC’s Ashoka Mukpo

Within minutes, he stopped off at the Community Blood Center in Kansas City, Missouri, and his donation was flown to Omaha.

Pham was diagnosed after admitting herself to hospital on Friday when her temperature spiked – one of the first symptoms of the deadly virus. 

HOW COMMON IS IT FOR TWO PEOPLE TO MATCH BLOOD TYPE?

There are four major blood types: A, B, AB, and O. They divide into positive and negative categories.

It is not known what blood type the four Ebola patients have in common.

The most common blood type in the US is O positive, although ethnic groups normally differ.

The majority of African Americans and Hispanics have O positive.

Around 37 per cent of Caucasians do too, but 33 per cent have A positive.

There is more variety among Asian people. A quarter are listed as B positive, according to the Red Cross, but many also have a high number of Os and As.

A blood test confirmed she had the disease and she is now being treated in an isolation ward.

The Emergency Room where she was admitted was cleared and decontaminated.

Nina Pham’s uncle confirmed to MailOnline that she is the nurse who has contracted Ebola while treating patient zero Thomas Eric Duncan.

Jason Nguyen told MailOnline: ‘Nina has contracted Ebola, she is my niece. Her mother called me on Saturday and told me; ‘Nina has caught Ebola.’

‘My sister is very upset, we all are. She said she was going up to the hospital in Dallas and I haven’t heard from her since. I’ve tried to call but I can’t get through. It’s very shocking. I don’t know any of the details, only what I hear on the news. It’s frightening.’

He added: ‘Nina is very hard working. She is always up at the hospital in Dallas.’

A friend added: ‘You always hear it on the news, but you don’t expect someone you know so well to have it.’

HazChem teams spent the weekend fumigating her apartment in Dallas while health officials have ordered an investigation into how she contracted the disease.

Texas nurse with Ebola identified as 26-yr-old Nina Pham

Tragic: Nina Pham, 26, is fighting for her life after contracting Ebola from Thomas Eric Duncan. Here she is pictured with her beloved King Charles Spaniel clled Bentley who is not expected to be destroyed

Tragic: Nina Pham, 26, is fighting for her life after contracting Ebola from Thomas Eric Duncan. Here she is pictured with her beloved King Charles Spaniel clled Bentley who is not expected to be destroyed

Kind-hearted: Raised in Vietnamese family in Fort Worth, Miss Pham graduated from Texas Christian University in 2010 with a Bachelor of Science in Nursing

Kind-hearted: Raised in Vietnamese family in Fort Worth, Miss Pham graduated from Texas Christian University in 2010 with a Bachelor of Science in Nursing

Kind-hearted: Raised in Vietnamese family in Fort Worth, Miss Pham graduated from Texas Christian University in 2010 with a Bachelor of Science in Nursing

Her beloved King Charles Spaniel Bentley will not be destroyed and is being quarantined, Dallas mayor Mike Rawlings has assured.

Director of the Centers for Disease Control and Protection (CDC) Dr Thomas Frieden has blamed a ‘breach in protocol’ of infection control lead Miss Pham to catch Ebola.

Mr Duncan arrived in Texas from Liberia on September 20. He began showing symptoms of Ebola three days after his arrival and was admitted to Texas Presbyterian Hospital on Sunday 28. He died on Wednesday October 8.

Presbyterian’s chief clinical officer, Dr Dan Varga, said all staff had followed CDC recommended precautions – ‘gown, glove, mask and shield’ – while treating Mr Duncan.

CDC chief backtracks after blaming nurse who got Ebola

And on Monday the CDC said that a critical moment may have come when Miss Pham took off her equipment.

Ebola victims suffer chronic diarrhea and bleeding. But blood and feces from an Ebola patient are considered the most infectious bodily fluids.

Mr Duncan also underwent two surgical procedures in a bid to keep him alive but which are particularly high-risk for transmitting the virus – kidney dialysis and intubation to help him to breathe – due to the spread of blood and saliva.

Nurses’ leader Bonnie Castillo has criticized the CDC for blaming the nurse for the spread of the disease.

Ms Castillo, of the National Nurses United, said: ‘You don’t scapegoat and blame when you have a disease outbreak. We have a system failure. That is what we have to correct.’

In response to the criticism, Frieden clarified his comments to say that he did not mean it was an error on Miss Pham’s part that led to the ‘breach of protocol.’

Hazard: Protect Environmental workers move disposal barrels to a staging area outside the Dallas apartment of Miss Pham

Clean up: A  man in full hazmat clothing walks in front of Pham's home after disinfecting the front porch

Clean up: A man in full hazmat clothing walks in front of Pham’s home after disinfecting the front porch

Compassion: Tom Ha, who taught Miss Pham bible class said: 'I expect, with the big heart she has, she went beyond what she was supposed to do to help anyone in need'

The CDC said on Monday it has launched a wholesale review of the procedures and equipment used by healthcare workers.

Dr Frieden added that the case ‘substantially’ changes how medical staff approach the control of the virus, adding that: ‘We have to rethink how we address Ebola control, because even a single infection is unacceptable.’

When she got accepted into nursing school she was really excited. Her mom would tell how it’s really hard and a bunch of her friends quit doing it because it was so stressful. But she was like, “This is what I want to do”
– Friend of Miss Pham

Friends and well-wishers have paid tribute to Miss Pham and praised her as a big-hearted, compassionate nurse dedicated to caring for other.

Raised in Vietnamese family in Fort Worth, she graduated from Texas Christian University in 2010 with a Bachelor of Science in Nursing.

She obtained her nursing license in August 2010 and recently qualified as a critical care nurse.

A friend told the Dallas Morning News: ‘When she got accepted into nursing school she was really excited. Her mom would tell how it’s really hard and a bunch of her friends quit doing it because it was so stressful. But she was like, “This is what I want to do”.’

A devout Christian she regularly attends mass at the Lady of Fatima Church.

Tom Ha, who taught her bible class, told the paper: ‘The family is very dedicated and go out of their way to help people. I expect, with the big heart she has, she went beyond what she was supposed to do to help anyone in need.’

Aid:  Miss Pham had treated Mr Duncan multiple times after he was diagnosed with the disease and the CDC has claimed that a 'breach of protocol' meant the nurse contracted Ebola. However, nursing leaders attacked the authorities for apparently making Miss Pham a scapegoat

Aid:  Miss Pham had treated Mr Duncan multiple times after he was diagnosed with the disease and the CDC has claimed that a ‘breach of protocol’ meant the nurse contracted Ebola. However, nursing leaders attacked the authorities for apparently making Miss Pham a scapegoat

Hung Le, who is president and counselor at Our Lady of Fatima, said parishioners are uniting in prayer for Miss Pham.

He said: ‘Our most important concern as a church is to help the family as they are coping with this. As a parish, we are praying for them.’

Ha, who taught the woman in Bible classes, said he and others are translating health information into Vietnamese to help others learn about the illness.

‘People are more worried for the family than for themselves, but some have questions because they don’t really understand what it is or how it is transmitted.’

SPREAD OF A DEADLY PLAGUE: HOW WILL AMERICA CONTAIN EBOLA?

WHEN IS EBOLA CONTAGIOUS?

Only when someone is showing symptoms, which can start with vague symptoms including a fever, flu-like body aches and abdominal pain, and then vomiting and diarrhea.

HOW DOES EBOLA SPREAD?

Through close contact with a symptomatic person’s bodily fluids, such as blood, sweat, vomit, feces, urine, saliva or semen. Those fluids must have an entry point, like a cut or scrape or someone touching the nose, mouth or eyes with contaminated hands, or being splashed. That’s why health care workers wear protective gloves and other equipment.

The World Health Organization says blood, feces and vomit are the most infectious fluids, while the virus is found in saliva mostly once patients are severely ill and the whole live virus has never been culled from sweat.

WHAT ABOUT MORE CASUAL CONTACT?

Ebola isn’t airborne. Dr. Tom Frieden, director of the Centers for Disease Control and Prevention, has said people don’t get exposed by sitting next to someone on the bus.

‘This is not like flu. It’s not like measles, not like the common cold. It’s not as spreadable, it’s not as infectious as those conditions,’ he added.

WHO GETS TESTED WHEN EBOLA IS SUSPECTED?

Hospitals with a suspected case call their health department or the CDC to go through a checklist to determine the person’s level of risk. Among the questions are whether the person reports a risky contact with a known Ebola patient, how sick they are and whether an alternative diagnosis is more likely. Most initially suspicious cases in the U.S. haven’t met the criteria for testing.

HOW IS IT CLEANED UP?

The CDC says bleach and other hospital disinfectants kill Ebola. Dried virus on surfaces survives only for several hours.

The World Health Organization on Monday called the Ebola outbreak ‘the most severe, acute health emergency seen in modern times’.

It added that economic disruption can be curbed if people are educated so they don’t make any irrational moves to dodge infection.

WHO Director-General Margaret Chan, citing World Bank figures, said 90 per cent of economic costs of any outbreak ‘come from irrational and disorganised efforts of the public to avoid infection.’

‘We are seeing, right now, how this virus can disrupt economies and societies around the world,’ she said, but added that adequately educating the public was a ‘good defense strategy’ and would allow governments to prevent economic disruptions.

Ebola screening of passengers arriving from three West African countries began at New York’s JFK airport on Saturday.

Medical teams equipped with temperature guns and questionnaires are monitoring arrivals from Guinea, Liberia and Sierra Leone – countries at the centre of the Ebola outbreak.

Screening at Newark Liberty, Washington Dulles, Chicago O’Hare and Hartsfield-Jackson Atlanta will begin later this week.

http://www.dailymail.co.uk/news/article-2791089/first-picture-devoted-texas-nurse-fighting-life-catching-ebola-treating-man-brought-dreaded-virus-america-beloved-dog-s-quarantine.html

Key Question: How Did Dallas Worker Contract Ebola?

How did it happen?

That’s the big question as U.S. health officials investigate the case of a Dallas health worker who treated an Ebola patient and ended up with the disease herself.

These are professionals and this is the United States, where the best conditions and protective gear are available, unlike in West Africa, where the Ebola epidemic is raging in much poorer conditions.

Ebola-Nurse

The health worker wore protective gear while having extensive contact with Thomas Eric Duncan, the Liberian man who died Wednesday of Ebola at Texas Health Presbyterian Hospital.

Officials say she has not been able to pinpoint any breach in infection control protocols, although there apparently was a breach, they say.

 

Experience shows that health workers can safely care for Ebola patients, “but we also know that it’s hard and that even a single breach can result in contamination,” Dr. Thomas Frieden, director of the federal Centers for Disease Control and Prevention, said Sunday on CBS’ “Face the Nation.”

The situation also raises fresh concerns about whether any U.S. hospital can safely handle Ebola patients, as health officials have insisted is possible.

“A breach in protocol could be anything from not taking your gloves off the right way to taking a dialysis catheter out of a dialysis patient and not disposing of it the right way,” explains Dr. Darrin D’Agostino, Chair of Internal Medicine UNT.

According to Dr. D’Agostino those are just some of the multitude of scenarios.
He says these incidents don’t happen often, but accidents do occur.

“We can be as diligent and meticulous as we want to be but occasionally things happen that expose to risk,” said Dr. D’Agostino.

While the fight to eradicate Ebola in Dallas and internationality Dr. D’Agostino is reminding us the battle will be long.

“The fact of the matter is that we do have a lot to learn about this virus and all the viruses that are in this family…this one is particularly infectious.”

Despite the uncertainty Dr. D’Agostino says he is confident that we have the proper infrastructure and resources to handle these cases.

 

Some questions and answers about the new case.

Q: What protection do health workers have?

A: The exact gear can vary. A hazardous material type suit usually includes a gown, two sets of gloves, a face mask, and an eye shield. There are strict protocols for how to use it correctly.

“When you put on your garb and you take off your garb, it’s a buddy system,” with another health worker watching to make sure it’s done right, said Dr. Dennis Maki, University of Wisconsin-Madison infectious disease specialist and former head of hospital infection control.

Q: How might infection have occurred?

A: Officials are focusing on two areas: How the garb was removed, and the intensive medical procedures Duncan received, which included kidney dialysis and a breathing machine. Both involve inserting tubes — into blood vessels or an airway. That raises the risk a health worker will have contact with the patient’s bodily fluids, which is how Ebola spreads.

“Removing the equipment can really be the highest risk. You have to be extremely careful and have somebody watching you to make sure you remember all the steps,” said Dr. Eileen Farnon, a Temple University doctor who formerly worked at the CDC and led teams investigating past Ebola outbreaks in Africa.

“After every step you usually would do hand hygiene,” washing your hands with antiseptic or being sprayed with a chlorine spray, she said.

Q: How else could infection have happened?

A: Some of the garb the health worker takes off might brush against a surface and contaminate it. New data suggest that even tiny droplets of a patient’s body fluids can contain the virus, Maki said.

“I can have on the suit and be very careful, but I can pick up some secretions or body fluids on a surface” and spread it that way, he said.

Q: Can any U.S. hospital safely treat Ebola patients?

A: Frieden and other health officials say yes, but others say the new case shows the risks.

“We can’t control where the Ebola patient appears,” so every hospital’s emergency room needs to be prepared to isolate and take infection control precautions, Maki said.

That said, “I don’t think we should expect that small hospitals take care of Ebola patients. The challenge is formidable,” and only large hospitals like those affiliated with major universities truly have enough equipment and manpower to do it right, Maki said.

“If we allow it to be taken care of in hospitals that have less than optimal resources, we will promote the spread,” he warned.

The case heightens concern for health workers’ safety, and nurses at many hospitals “are alarmed at the inadequate preparation they see,” says a statement from Rose Ann DeMoro, executive director of the trade union, National Nurses United.

Q: Should Ebola patients be transferred to one of the specialized centers that have treated others in the U.S.?

A: Specialized units are the ideal, but there are fewer than half a dozen in the nation and they don’t have unlimited beds. “It is also a high-risk activity to transfer patients,” potentially exposing more people to the virus, Farnon said.

Q. What is CDC recommending that a hospital do?

A. Training has been ramped up, and the CDC now recommends that a hospital minimize the number of people caring for an Ebola patient, perform only procedures essential to support the patient’s care, and name a fulltime infection control supervisor while any Ebola patient is being cared for. Frieden also said the agency was taking a new look at personal protective equipment, “understanding that there is a balance and putting more on isn’t always safer — it may make it harder to provide effective care.”

http://dfw.cbslocal.com/2014/10/12/key-question-how-did-dallas-worker-contract-ebola/

 

Health care worker at Presbyterian Hospital in Dallas tests positive for Ebola

A Texas Health Presbyterian Hospital health care worker in Dallas who had “extensive contact” with the first Ebola patient to die in the United States has contracted the disease.

The Centers for Disease Control and Prevention in Atlanta confirmed the news Sunday afternoon after an official test.

The infected person detected a fever Friday night and drove herself to the Presbyterian emergency room, where she was placed in isolation 90 minutes later. A blood sample sent to the state health lab in Austin confirmed Saturday night that she had Ebola — the first person to contract the disease in the United States.

The director for the Centers for Disease Control and Prevention said Sunday that the infection in the health care worker, who was not on the organization’s watch list for people who had contact with Ebola patient Thomas Eric Duncan, resulted from a “breach in protocol.”

“We have spoken with the health care worker,” who cannot “identify the specific breach” that allowed the infection to spread, said CDC director Dr. Tom Frieden. The CDC has sent additional staff members to Dallas to “assist with the response,” he said.

Frieden said exposure can result from a “single inadvertent slip.” He cautioned: “Unfortunately it is possible in the coming days we will see additional cases of Ebola” in health care workers.

Texas health commissioner David Lakey said the health care worker had “extensive contact” with Duncan. The nurse, who missed two days of work before going to the emergency room, is believed to have had contact with one person while symptomatic. Ebola, which is spread through direct contact with bodily fluids of a sick person, can only be transmitted from infected people showing symptoms.

“We have been preparing for an event like this,” Lakey said.

Presbyterian chief clinical officer Daniel Varga said the exposure occurred during Duncan’s second visit to the hospital. Duncan, the first person to die of Ebola in the United States, went to the Presbyterian emergency room Sept. 25 and was sent home with antibiotics only to return to the hospital on Sept. 28. He was diagnosed with Ebola and died Oct. 8.

It is not clear how the health care provider contracted Ebola. According to Duncan’s patient records released by the family to The Associated Press, this is what happened at Presbyterian:

— On Sept. 28, an ambulance with Duncan arrived at the hospital’s emergency bay shortly after 10 a.m.

— Doctors performed tests on Duncan, who told them he had recently arrived from Africa, and determined he had sinusitis.

— Now in isolation, Duncan was projectile vomiting, having explosive diarrhea and his temperature was 103.1 degrees.

— On Sept. 29, as his condition worsened, Duncan asked the nurse to put him in a diaper.

— On Sept. 30, tests results confirmed Duncan had Ebola. Only then did staff treating Duncan trade their gowns and scrubs for hazmat suits, and the room was cleaned with bleach.

Varga at Presbyterian said the worker was wearing protective gear, including a gown, glove, mask and shield, when she came into contact with Duncan. “This individual was following full CDC precautions,” Varga said

Officials haven’t released the name of the health care worker or her job description. Dallas County Judge Clay Jenkins said he has spoken to the health care worker’s parents, who have asked for privacy.

“Let’s remember that this is a real person who is going through a great ordeal. So is that person’s family,” Jenkins said.

The second Ebola patient lives in the 5700 block of  Marquita Avenue in East Dallas, where the person’s apartment was going to be decontaminated Sunday. While the CDC didn’t consider the person to be at “high risk” of contracting Ebola, the health care worker had been monitoring for signs of the disease, including checking for fever twice daily.

The person’s car was decontaminated and the common area of an apartment complex was going to be cleaned by a hazardous-material team Sunday.

A crew of 15 people from the Cleaning Guys was going to decontaminate the person’s apartment Sunday afternoon, said company owner Erick McCallum. “Our main objective is for this to go away and to be eradicated,” he said.

Staff writers Melissa Repko, Sherry Jacobson, Claire Cardona, Eva-Marie Ayala and Matthew Haag contributed to this report.

=====

Update at 2:59 p.m.

Brad Smith, Vice President of CG Environmental-Cleaning Guys, a hazardous material company, was hired to clean the apartment unit of the ill health care worker.

He said the hazmat crew will begin cleaning in the next hour or two. They are not sure how long it will take. The crew will include up to 15 people.

He said he’s not concerned about the safety of the crew. He heard the health care worker contracted Ebola after “there was something that went wrong in her PPE” or “personal protective equipment.”

“I’m not sure how it happened,” he said. “But we will not let that happen to our guys.”Smith said the company was hoping not to get any more calls about an Ebola case.

“I was speechless. I don’t know what my thoughts were,” he said. “I just knew we had to react and gear up and do it again.”

Smith said the crew plans to clean the exterior today and clean the interior tomorrow. It will be similar to the cleanup of the apartment where Thomas Eric Duncan stayed.

“We won’t do anything different,” he said. “We think the last time we went out we were successful in cleaning it up. We will continue to so the same thing.”

Update at 12:21 p.m.

At the end of Marquita, morning services were underway at Skillman Church of Christ. The congregation first became aware of the deadly disease when medical missionary Dr. Kent Brantly, who many congregants know, contracted the illness.

Then many became close to the son of Thomas Eric Duncan, who died of the disease. Now pastor Joel Sanchez was telling the church that a healthcare worker just a few blocks away has Ebola.

“As much as we are connected to the world, it’s easy to see something on the television and think of it as happening over yonder, over there,” he said. “But when it hits close to home, it becomes real.”

The congregation prayed for the healthcare worker who Sanchez said put another in front of herself because he had a need. They prayed for the family of Duncan. But then Sanchez asked his congregation not to forget the thousands suffering in West Africa, an area with limited medical resources  where nearly 4,000 people have died from Ebola.

“We can’t forget those people whose only course of action is to pray that they don’t get it,” Sanchez said.

Dallas County Judge Clay Jenkins, Mayor Mike Rawlings and Dr. Daniel Varga held a news conference Sundaymorning to inform the public that a health care worker at Texas Health Presbyterian Hospital in Dallas test positive for the Ebola virus after coming in close contact with Ebola patient Thomas Eric Duncan.

 http://www.dallasnews.com/news/local-news/20141012-health-care-worker-at-presbyterian-hospital-tests-positive-for-ebola.ece

Health care worker at Presbyterian Hospital in Dallas tests positive for Ebola

Police guard the residence at 5700 block of Marquita, where reportedly a person diagnosed with Ebola lived, photographed in Dallas on Sunday, October 12, 2014. (Louis DeLuca/The Dallas Morning News)
Louis DeLuca/Staff Photographer
Police guard the residence at 5700 block of Marquita, where reportedly a person diagnosed with Ebola lived, photographed in Dallas on Sunday, October 12, 2014. (Louis DeLuca/The Dallas Morning News)

The infected person detected a fever Friday night and drove herself to the Presbyterian emergency room, where she was placed in isolation 90 minutes later. A blood sample sent to the state health lab in Austin confirmedSaturday night that she had Ebola — the first person to contract the disease in the United States.

The director for the Centers for Disease Control and Prevention said Sunday that the infection in the health care worker, who was not on the organization’s watch list for people who had contact with Ebola patient Thomas Eric Duncan, resulted from a “breach in protocol.”

“We have spoken with the health care worker,” who cannot “identify the specific breach” that allowed the infection to spread, said CDC director Dr. Tom Frieden. The CDC has sent additional staff members to Dallas to “assist with the response,” he said.

Frieden said exposure can result from a “single inadvertent slip.” He cautioned: “Unfortunately it is possible in the coming days we will see additional cases of Ebola” in health care workers.

Texas health commissioner David Lakey said the health care worker had “extensive contact” with Duncan. The nurse, who missed two days of work before going to the emergency room, is believed to have had contact with one person while symptomatic. Ebola, which is spread through direct contact with bodily fluids of a sick person, can only be transmitted from infected people showing symptoms.

“We have been preparing for an event like this,” Lakey said.

Presbyterian chief clinical officer Daniel Varga said the exposure occurred during Duncan’s second visit to the hospital. Duncan, the first person to die of Ebola in the United States, went to the Presbyterian emergency room Sept. 26 and was sent home with antibiotics only to return to the hospital on Sept. 28. He was diagnosed with Ebola and died Oct. 8

Officials haven’t released the name of the health care worker or her job description. Dallas County Judge Clay Jenkins said he has spoken to the health care worker’s parents, who have asked for privacy.

“Let’s remember that this is a real person who is going through a great ordeal. So is that person’s family,” Jenkins said.

The second Ebola patient lives in the 5700 block of  Marquita Avenue in East Dallas, where the person’s apartment was decontaminated Sunday. While the CDC didn’t consider the person to be at “high risk” of contracting Ebola, the health care worker had been monitoring for signs of the disease, including checking for fever twice daily.

The person’s car was decontaminated and the common area of an apartment complex was cleaned by a hazardous-material team Sunday. A pet also lived in the person’s apartment.

Dallas police have cordoned off the East Dallas apartment, where a frenzy of news media and helicopters circling above have drawn neighbors outside. Police officers and a CDC representative talked to residents Sundaymorning and distributing papers about Ebola symptoms. Dallas Mayor Mike Rawlings also visited with residents.

“It just breaks my heart. … She was just an innocent woman who took care of someone who was sick,” said neighbor Colleen Watson said. “She did her job, and probably with full empathy and kindness, and for this to happen to her is so much sadder than any other case.”

Dina Smith was holding her 3-year-old daughter, still in disbelief that the first contracted case was just a block away. She said Mayor Mike Rawlings and staff members from the mayor’s office visited Sunday morning and talked to residents.

“I’m not particularly concerned because from everything I heard, she was a nurse and took every precaution,” Smith said. “But you hear the helicopters overhead and see the news, and it makes you pay more attention.”

Lindsey Carpenter, 33, said her roommate had searched on the Internet to find out why news helicopters were flying over their neighborhood. He barged into her room at 9:30 a.m. when he found an answer: “There’s an Ebola patient in the neighborhood.”

Carpenter, who works in a hospital in Lewisville, said she hopes Presbyterian investigates how the nurse contracted Ebola — especially because she was exposed to Duncan during his second visit to the hospital.

“They were prepared with hazmat suits and everything,” she said. “I wonder how she got it. It’s really puzzling. There’s probably more to the story that we don’t know.”

Texas Health says “the Emergency Department at Texas Health Dallas is diverting ambulance traffic with the exception of patients showing symptoms of  Ebola Virus Disease. The ED is open and seeing patients arriving by any other means.”

Staff writers Melissa Repko, Sherry Jacobson, Claire Cardona, Eva-Marie Ayala and Matthew Haag contributed to this report.

Update at 12:21 p.m.

At the end of Marquita, morning services were underway at Skillman Church of Christ. The congregation first became aware of the deadly disease when medical missionary Dr. Kent Brantly, who many congregants know, contracted the illness.

Then many became close to the son of Thomas Eric Duncan, who died of the disease. Now pastor Joel Sanchez was telling the church that a healthcare worker just a few blocks away has Ebola.

“As much as we are connected to the world, it’s easy to see something on the television and think of it as happening over yonder, over there,” he said. “But when it hits close to home, it becomes real.”

The congregation prayed for the healthcare worker who Sanchez said put another in front of herself because he had a need. They prayed for the family of Duncan. But then Sanchez asked his congregation not to forget the thousands suffering in West Africa, an area with limited medical resources  where nearly 4,000 people have died from Ebola.

“We can’t forget those people whose only course of action is to pray that they don’t get it,” Sanchez said.

WATCH: Dallas mayor, hospital doctors give details on Ebola patient No. 2

Dallas County Judge Clay Jenkins, Mayor Mike Rawlings and Dr. Daniel Varga held a news conference Sundaymorning to inform the public that a health care worker at Texas Health Presbyterian Hospital in Dallas test positive for the Ebola virus after coming in close contact with Ebola patient Thomas Eric Duncan.

http://www.dallasnews.com/news/local-news/20141012-health-care-worker-at-presbyterian-hospital-in-dallas-tests-positive-for-ebola.ece

TEXAS EBOLA HOSPITAL CAFETERIA BECOMES GHOST TOWN

 By Bob Price

The cafeteria, where employees and patients at Texas Health Presbyterian Hospital normally take a meal break, is looking more like a ghost town since the outbreak of Ebola. A cafeteria worker said their business had taken a major hit in the wake of Nina Pham’s becoming symptomatic after treating Thomas Eric Duncan while he was ill at this hospital.

Breitbart Texas visited Texas Health Presbyterian Hospital on Monday to check out the mood of workers in the hospital. While visiting the various café’s throughout the hospital, there was a severe shortage of customers. A worker in “Café Presby” said their business is down by 25 percent over the past two weeks.

“I am concerned for our workers,” the employee said. “I hope we don’t have to lay anyone off or cut their hours because of this.”

A nurse who spoke with Breitbart Texas said they are very concerned for Nina Pham. “We aren’t as concerned for ourselves as we are for her. Exposure is one of the risks that comes with our job. We take all the precautions we can but there is always a risk of exposure.”

Another nurse who works for a different hospital but was visiting Texas Health Presbyterian said Nina Pham is a friend of one of her friends. “We are all praying for Nina,” she said. “She is a very sweet and caring nurse. We know she is strong and will recover from this.”

Breitbart Texas spoke with a doctor in the hospital about employee morale. “We are doing fine,” the doctor said. “The real enemy here is the media.” He expressed concern about some outlets sensationalized coverage of the Texas Ebola cases.

While exiting the hospital’s parking lot, the parking toll attendant wore protective gloves while handling the cash handed to her by people leaving the hospital.\

http://www.breitbart.com/Breitbart-Texas/2014/10/14/Texas-Ebola-Hospital-Cafeteria-Becomes-Ghost-Town

WHO: EBOLA IS MODERN ERA’S WORST HEALTH EMERGENCY

BY JIM GOMEZ

The World Health Organization called the Ebola outbreak “the most severe, acute health emergency seen in modern times” on Monday but also said that economic disruptions can be curbed if people are adequately informed to prevent irrational moves to dodge infection.

WHO Director-General Margaret Chan, citing World Bank figures, said 90 percent of economic costs of any outbreak “come from irrational and disorganized efforts of the public to avoid infection.”

Staffers of the global health organization “are very well aware that fear of infection has spread around the world much faster than the virus,” Chan said in a statement read out to a regional health conference in the Philippine capital, Manila.

“We are seeing, right now, how this virus can disrupt economies and societies around the world,” she said, but added that adequately educating the public was a “good defense strategy” and would allow governments to prevent economic disruptions.

The Ebola epidemic has killed more than 4,000 people, mostly in the West African countries of Liberia, Sierra Leone and Guinea, according to WHO figures published last week.

Chan did not specify those steps but praised the Philippines for holding an anti-Ebola summit last week which was joined by government health officials and private sector representatives, warning that the Southeast Asian country was vulnerable due to the large number of Filipinos working abroad.

While bracing for Ebola, health officials should continue to focus on major health threats, including non-communicable diseases, she said.

Philippine Health Secretary Enrique Ona said authorities will ask more than 1,700 Filipinos working in Liberia, Sierra Leone and Guinea to observe themselves for at least 21 days for Ebola symptoms in those countries first if they plan to return home.

Once home, they should observe themselves for another 21 days and then report the result of their self-screening to health authorities to be doubly sure they have not been infected, he said, adding that hospitals which would deal with any Ebola patients have already been identified in the Philippines.

Last month, U.N. Secretary-General Ban Ki-moon urged leaders in the most affected countries to establish special centers that aim to isolate infected people from non-infected relatives in an effort to stem the spread of Ebola.

Ban has also appealed for airlines and shipping companies not to suspend services to countries affected by Ebola. Doing so, he said, hinders delivery of humanitarian and medical assistance.

http://hosted.ap.org/dynamic/stories/A/AS_WHO_EBOLA?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-10-13-07-29-36

U.S. lacks a single standard for Ebola response

Larry Copeland

As Thomas Eric Duncan’s family mourns the USA’s first Ebola death in Dallas, one question reverberates over a series of apparent missteps in the case: Who is in charge of the response to Ebola?

The answer seems to be — there really isn’t one person or agency. There is not a single national response.

The Atlanta-based Centers for Disease Control and Prevention has emerged as the standard-bearer — and sometimes the scapegoat — on Ebola.

Public health is the purview of the states, and as the nation anticipates more Ebola cases, some experts say the way the United States handles public health is not up to the challenge.

“One of the things we have to understand is the federal, state and local public health relationships,” says Michael Osterholm, director of the Center for Infectious Disease Research and Policy at the University of Minnesota. “Public health is inherently a state issue. The state really is in charge of public health at the state and local level. It’s a constitutional issue. The CDC can’t just walk in on these cases. They have to be invited in.”

The CDC deployed a team of 10 — three senior epidemiologists, a communication officer, a public health adviser and five epidemic intelligence officers, or “disease detectives” — to Dallas on the night of Sept. 30, hours after the agency announced that Duncan, a Liberian national who traveled to Dallas, had the Ebola virus. The next afternoon, Dallas County Judge Clay Jenkins, head of the Dallas County Office of Homeland Security and Emergency Management; CDC director Tom Frieden; and David Lakey, commissioner of the Texas Department of State Health Services, agreed during a conference call to set up an Emergency Operations Center in Dallas County with Jenkins in charge.

The EOC was staffed by officials from Dallas County, the city of Dallas, the CDC, the county and state health departments and the Dallas County Sheriff’s Department, among others.

This was the team that made decisions on matters such as isolating people who had been in direct contact with Duncan, including his fiancée, Louise Troh, her teenage son and two other male relatives. Because they were not sick, they couldn’t technically be quarantined, Jenkins said Friday. Instead, Lakey issued a “control order” to keep them at home, where they could be monitored for signs of Ebola. Jenkins and Texas Gov. Rick Perry agreed to the order.

Texas officials were criticized for keeping the family inside the apartment where Duncan first showed signs of the disease, potentially exposing them to the virus. The family worried about Duncan’s soiled sheets and other waste in the apartment. The response team located a private home where the family could move and got permits to clean the apartment and truck 140 55-gallon barrels of waste to an incinerator 400 miles away.

Jenkins says he has a working model for how to respond to Ebola cases. Others aren’t so confident.

“In Texas, they really were slow to the plate,” said Robert Murphy, director of the Center for Global Health at Northwestern University Feinberg School of Medicine. “Texas is going to be the example of what not to do.”

Duncan, who arrived in Dallas on Sept. 20, somehow slipped through a Liberian airport screening process that allowed him into the country. He became ill several days later and went to the emergency room at Texas Health Presbyterian hospital Sept. 25; he was prescribed antibiotics, told to take Tylenol and sent home early on the morning of Sept. 26..

According to medical records provided to the Associated Press by Duncan’s family, his temperature spiked at 103 degrees during that visit. Duncan told a nurse that he had recently been in Africa, and he showed symptoms that can indicate Ebola: fever, sharp headache and abdominal pain. He was given a battery of tests and sent to his sister’s apartment with antibiotics. He returned by ambulance Sept. 28, was admitted to the hospital and placed in isolation. On Sept. 30, the CDC confirmed that he had Ebola.

In a statement Friday, the hospital said it had made procedural changes and continues to “review and evaluate” decisions surrounding Duncan’s case.

Murphy says some of the issues in Texas stem from a “system problem” in the way public health care is managed in the USA. The Centers for Disease Control provides only guidance for infection prevention and management. “What they do in Texas, what they do in Illinois, it’s up to the state,” he says.

“The question is, who’s in charge?” Murphy says. “The states can follow all the guidelines and take the advice, which they usually do, but they don’t have to. It’s not a legal requirement. So there really is no one entity that’s controlling things.”

Though the CDC is tasked with readying the nation for an Ebola outbreak, then leading the national response, the Department of Homeland Security is responsible for protecting the borders, according to Thomas Skinner, a spokesman for the CDC, which is under the auspices of the Department of Health and Human Services.

The CDC collaborates with health departments and laboratories around the USA to make sure they are able to test for Ebola and respond rapidly if there is a case in their state, CDC spokeswoman Kirsten Nordlund said.

The agency is working to educate U.S. health care workers on how to isolate patients and protect themselves from infection; it developed a Web-based document that identifies rapidly emerging CDC guidelines for Ebola applicable to public health preparedness national standards for state and local planning.

The agency developed an introductory training course for licensed clinicians who intend to work in Ebola treatment units in Africa, and at any given time, it has 300-500 people working at CDC headquarters to support its Ebola response, Nordlund said.

Homeland Security “is focused on protecting the air traveling public and is taking steps to ensure that passengers with communicable diseases like Ebola are screened, isolated and quickly and safely referred to medical personnel,” deputy secretary Alejandro Mayorkas said Thursday.

That includes issuing “do not board” orders to airlines if the CDC and State Department determine a passenger is a risk to the traveling public; providing information and guidance about Ebola to the airlines; posting notices at airports to raise awareness about Ebola; and providing a health notice called a care sheet to travelers entering the USA that have traveled from or through affected countries.

In addition, Health and Human Services has the authority to suspend the entry of persons into the USA based on outbreaks of disease in other countries and when necessary to protect public health.

Screening started Saturday at New York’s John F. Kennedy airport. Medical workers will take the temperature of airline passengers originating from Guinea, Liberia and Sierra Leone, and Customs and Border Protection staffers will ask questions about their health and possible exposure to Ebola. Those suspected of possible Ebola exposure will be referred to a CDC public health officer for additional screening.

The testing will expand in the next few days to four more airports: Washington Dulles, Newark, Chicago’s O’Hare and Atlanta’s Hartsfield-Jackson airports.

Osterholm and Murphy say the nation’s public health system leaves room for a broad array of Ebola responses from state to state.

“We have to have more clarity,” Osterholm says. “We have to have a level of excellence. If that means putting the CDC in charge of these departments of public health, that means we have to find a way to do that. We can have agreements (between the states and the CDC). … We can’t leave it up to the whims of the state to do it right or not do it right.”

He acknowledges that no one has called for such a change.

“Not yet,” he says. “But we need it, though. Texas was an example of how not to do it.”

Contributing: Rick Jervis in Dallas, Gregory Korte

W.H.O. contradicts CDC, admits Ebola can spread via coughing, sneezing and by touching contaminated surfaces

The World Health Organization has issued a bulletin which confirms what Natural News has been asserting for weeks: that Ebola can spread via indirect contact with contaminated surfaces and aerosolized droplets produced from coughing or sneezing.

“…wet and bigger droplets from a heavily infected individual, who has respiratory symptoms caused by other conditions or who vomits violently, could transmit the virus — over a short distance — to another nearby person,” says a W.H.O. bulletin released this week. [1] “This could happen when virus-laden heavy droplets are directly propelled, by coughing or sneezing…”

That same bulletin also says, “The Ebola virus can also be transmitted indirectly, by contact with previously contaminated surfaces and objects.”

In other words, the WHO just confirmed what the CDC says is impossible — that Ebola can be acquired by touching a contaminated surface.

CDC remains in total denial, spreading dangerous disinformation about Ebola transmission vectors

This information published by the WHO directly contradicts the ridiculous claims of the CDC which continues to insist Ebola cannot spread through “indirect” means.

According to the CDC, Ebola can only spread via “direct contact,” but the CDC is basing this assumption on the behavior of the Ebola outbreak from 1976 — nearly four decades ago.

The CDC, in fact, continues to push five deadly assumptions about Ebola, endangering the lives of Americans in the process by failing to communicate accurate safety information to health professionals and the public.

Because of the CDC’s lackadaisical attitude about Ebola transmission, the Dallas Ebola outbreak may have been made far worse by people walking in and out of the Ebola-contaminated Duncan apartment while wearing no protective gear whatsoever.

Because the CDC sets the standards for dealing with infectious disease in the United States, when the CDC claims Ebola can only spread via “direct contact,” that causes emergency responders, Red Cross volunteers and even family members to conclude, “Then we don’t even need to wear latex gloves as long as we’re not touching the patient!”

Not “airborne” but can spread through the air

Both the CDC and the WHO continue to aggressively insist that Ebola is not an “airborne” disease. “Ebola virus disease is not an airborne infection,” says the WHO bulletin. But that same bulletin describes the ability of Ebola to spread through the air via aerosolized droplets.

The medical definition of “airborne,” it turns out, is a specific, narrow definition that defies the common understanding of the term. To most people, “airborne” means it can spread through the air, and Ebola most certainly can spread through the air when it is attached to aerosolized particles of spit, saliva, mucus, blood or other body fluids.

The CDC has now admitted there is a slight possibility of Ebola mutating to become “airborne” but says that chance is very small. [2] However, all honest virologists agree that the longer Ebola remains in circulation in West Africa, replicating among human hosts, the more chances it has to mutate into an airborne strain.

But the virus doesn’t need to mutate to continue to spread. It has already proven quite capable of spreading via indirect contact in a way that all the governments of the world have been utterly unable to stop. Despite the best efforts of the CDC and WHO, Ebola continues to replicate out of control across West African nations. Even in the United States, the Dallas “patient zero” incident has reportedly caused 100 people to be monitored for possible Ebola infections.

This is why government claims that “we have this under control” are just as much hogwash as the claim that Ebola can only spread via “direct contact.”

But that seems to be the default response of government to all legitimate threats: first, deny reality and misinform the public. Keep people in the dark and maybe the whole thing can be swept under the rug… at least until the mid-term elections.

Learn more: http://www.naturalnews.com/047177_ebola_transmission_direct_contact_aerosolized_particles.html##ixzz3FxuMpXzU

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The Pronk Pops Show 332, September 18, 2014, Story 1: Asset Price Bubble Bursts Coming In October With 69 Months of Near Zero Federal Funds Interest Rates! — Interest Rate Suppression or Price Control and Manipulation Will Blow Up Economy — Suppressing Savings and Investment With Low Interest Rates Is A Formula For Diaster and Depression — Panic Time — Start A War Over Oil — Meltdown America –Videos

Posted on September 18, 2014. Filed under: American History, Banking System, Blogroll, Budgetary Policy, Business, College, Communications, Constitutional Law, Disasters, Economics, Education, Employment, European History, Federal Government, Fiscal Policy, Government, Government Dependency, Government Spending, History, Immigration, Labor Economics, Law, Media, Monetary Policy, Natural Gas, Oil, Philosophy, Photos, Politics, Regulation, Resources, Scandals, Success, Tax Policy, Taxes, Technology, Terror, Terrorism, Unemployment, Unions, Violence, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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Pronk Pops Show 332: September 18 2014

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Story 1: Asset Price Bubble Bursts Coming In October With 69 Months of Near Zero Federal Funds Interest Rates! — Interest Rate Suppression or Price Control and Manipulation Will Blow Up Economy — Suppressing Savings and Investment With Low Interest Rates Is A Formula For Diaster and Depression — Panic Time — Start A War Over Oil — Meltdown America –Videos

U.S. Debt Clock

Current Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
09/17/2014 12,767,522,798,389.80 4,997,219,915,398.95 17,764,742,713,788.75

 

TABLE I -- SUMMARY OF TREASURY SECURITIES OUTSTANDING, AUGUST 31, 2014
(Millions of dollars)
                                              Amount Outstanding
Title                                         Debt Held             Intragovernmental         Totals
                                              By the Public         Holdings
Marketable:
  Bills.......................................        1,450,293                     1,704                1,451,998
  Notes.......................................        8,109,269                     7,365                8,116,634
  Bonds.......................................        1,521,088                        57                1,521,144
  Treasury Inflation-Protected Securities.....        1,031,836                        52                1,031,888
  Floating Rate Notes  21  ...................          109,996                         0                  109,996
  Federal Financing Bank  1  .................                0                    13,612                   13,612
Total Marketable  a...........................       12,222,481                    22,790 2             12,245,271
Nonmarketable:
  Domestic Series.............................           29,995                         0                   29,995
  Foreign Series..............................            2,986                         0                    2,986
  State and Local Government Series...........          105,440                         0                  105,440
  United States Savings Securities............          177,030                         0                  177,030
  Government Account Series...................          193,237                 4,993,277                5,186,514
  Hope Bonds 19...............................                0                       494                      494
  Other.......................................            1,443                         0                    1,443
Total Nonmarketable  b........................          510,130                 4,993,771                5,503,901
Total Public Debt Outstanding ................       12,732,612                 5,016,561               17,749,172
TABLE II -- STATUTORY DEBT LIMIT, AUGUST 31, 2014
(Millions of dollars)
                                              Amount Outstanding
Title                                         Debt Held             Intragovernmental         Totals
                                                 By the Public 17, 2Holdings
Debt Subject to Limit: 17, 20
  Total Public Debt Outstanding...............       12,732,612                 5,016,561               17,749,172
  Less Debt Not Subject to Limit:
    Other Debt ...............................              485                         0                      485
    Unamortized Discount  3...................           15,742                    12,421                   28,163
    Federal Financing Bank  1     ............                0                    13,612                   13,612
    Hope Bonds 19.............................                0                       494                      494
  Plus Other Debt Subject to Limit:
    Guaranteed Debt of Government Agencies  4                 *                         0                        *
  Total Public Debt Subject to Limit .........       12,716,386                 4,990,033               17,706,419
  Statutory Debt Limit  5.....................................................................                   0
COMPILED AND PUBLISHED BY
THE BUREAU OF THE FISCAL SERVICE
www.TreasuryDirect.gov

Interest Expense on the Debt Outstanding

The Interest Expense on the Debt Outstanding includes the monthly interest for:

Amortized discount or premium on bills, notes and bonds is also included in the monthly interest expense.

The fiscal year represents the total interest expense on the Debt Outstanding for a given fiscal year. This includes the months of October through September. View current month details (XLS Format, File size 199KB, uploaded 09/05/2014).

Note: To read or print a PDF document, you need the Adobe Acrobat Reader (v5.0 or higher) software installed on your computer. You can download the Adobe Acrobat Reader from the Adobe Website.

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Interest Expense Fiscal Year 2014
August $27,093,517,258.24
July $29,260,530,745.98
June $97,565,768,696.69
May $32,081,384,628.40
April $31,099,852,014.96
March $26,269,559,883.36
February $21,293,863,450.50
January $19,498,592,676.78
December $88,275,817,263.03
November $22,327,099,682.97
October $16,451,313,332.09
Fiscal Year Total $411,217,855,816.94
Available Historical Data Fiscal Year End
2013 $415,688,781,248.40
2012 $359,796,008,919.49
2011 $454,393,280,417.03
2010 $413,954,825,362.17
2009 $383,071,060,815.42
2008 $451,154,049,950.63
2007 $429,977,998,108.20
2006 $405,872,109,315.83
2005 $352,350,252,507.90
2004 $321,566,323,971.29
2003 $318,148,529,151.51
2002 $332,536,958,599.42
2001 $359,507,635,242.41
2000 $361,997,734,302.36
1999 $353,511,471,722.87
1998 $363,823,722,920.26
1997 $355,795,834,214.66
1996 $343,955,076,695.15
1995 $332,413,555,030.62
1994 $296,277,764,246.26
1993 $292,502,219,484.25
1992 $292,361,073,070.74
1991 $286,021,921,181.04
1990 $264,852,544,615.90
1989 $240,863,231,535.71
1988 $214,145,028,847.73

chart

fredgraph

fredgraph

BND-10-Year-Treasury-Yield-09122014

 JIM ROGERS Financial disaster coming – Dollar collapse – Countries Move Away From USD

US Fed signals move to normalize monetary policy

Dollar Meltdown, Massive Financial Bubble, Economic Collapse Marc Faber

Peter Schiff Iraq Crisis Threatens Global Economy

Peter Schiff – Fantasy About US Recovery Is Not Going To Materialize

Most important video Americans will see today – Doug Casey Interview

James Grant: Two Alternative Outcomes From Fed Policy – Much Higher Inflation or More Money Printing

Investor Jim Grant on Bubbles And Bargains

Jim Rogers Discusses Concern Over The Market

Jim Rogers On Economic Collapse And The US Debt‬

US Economy 2014 Collapse – *Peter Schiff* – FED will cause Huge Economic Crisis!

US ECONOMY COLLAPSE WILL LEAVE MILLIONS IN POVERTY

There Will Be No Economic Recovery. Prepare Yourself Accordingly

US Massive Financial Crisis Coming

Dan Mitchell Discussing Harvard Survey, Arguing for Growth over Class Warfare

The Coming Stock Market Crash and The Death of Money with Jim Rickards

Market Crash, Economic collapse 2014, The coming of World War 3 – Stock Market

Forbes: Obama’s Economic Reforms Are the Definition of Insanity

Why America Should Default and You Should Live Abroad: Q&A with Doug Casey

Doug Casey-No Way Out-Stock, Bond and Real Estate Markets Will Collapse

Russia conspired to destroy US dollar with China – clip from Meltdown America documentary

http://www.caseyresearch.com/lg/meltdown-video

 

 

Here a bubble, there a bubble: Ol’ Marc Faber

Even after the Dow and the S&P 500 closed at new all-time highs, closely followed contrarian Marc Faber keeps sounding the alarm.

“We have a bubble in everything, everywhere,” the publisher of The Gloom, Boom & Doom Report told CNBC’s “Squawk Box” on Friday. Faber has long argued that the Federal Reserve’s massive asset purchasing programs and near-zero interest rates have inflated stock prices.

The catalyst for a market decline, as he sees it, could be a “raise in interest rates, not engineered by the Fed,” referring an increase in bond yields.

 

Faber also expressed concern about American consumers. “Their cost of living have gone up more than the salary increases, so they’re getting squeezed. So that’s why retailing is not doing particularly well.”

A real black swan event, he argued, would be a global recession. “The big surprise will be that the global economy slows down and goes into recession. And that will shock markets.”

If economies around the world can’t recovery with the Fed and other central banks pumping easy money into the system, that would send a dire message, Faber added. He believes the best way for world economies to recover is to cut the size of government.

Read MoreBond market hears Fed hawks; stocks see doves

There’s a dual-economy in the U.S. and around the world with the rich doing really well and others struggling, he said. “[But] the rich will get creamed one day, especially in Europe, on wealth taxes.”

On the other end of the market spectrum, longtime stock market bull Jeremy Siegel told CNBC on Tuesday (ahead of Wednesday’s Fed policy statement leaving interest rate guidance unchanged) that he stands by his Dow 18,000 prediction.

The Wharton School professor sees second half economic growth of 3 to 4 percent, S&P 500 earnings near $120, and the start of Fed rate hikes in the spring or summer of 2015

http://www.cnbc.com/id/102016166

 

Fed and TWTR Overvaluation, Evidence of Looming Market Crash: Stockman

The Federal Reserve Wednesday reassured investors that it will hold interest rates near zero for a “considerable time” after it ends the bond-buying program known as quantitative easing in October. In response, the Dow Jones Industrial Average (^DJI) closed at a new record high.

Former Director of the Office of Management and Budget and author of the book, The Great Deformation, David Stockman, has significant concerns about that very policy.

“I’m worried… that we’ve got the greatest bubble created by a central bank in human history,” he told Yahoo Finance.

In a recent blog post, Stockman offered a handful of high-flying stocks as evidence of what he sees as “madness.”

                                               “…Twitter, is all that is required to remind us that once

                                               again markets are trading in the nosebleed section

                                               of history, rivaling even the madness of March 2000.”

Behind the madness

In an interview with Yahoo Finance, Stockman blamed Fed policy for creating that madness.

“We have been shoving zero-cost money into the financial markets for 6-years running,” he said. “That’s the kerosene that drives speculative trading – the carry trades. That’s what the gamblers use to fund their position as they move from one momentum play and trade to another.”

And that, he says, is not sustainable. While Stockman believes tech stocks are especially overvalued, he warns that it’s not just tech valuations that are inflated. “Everything’s massively overvalued, and it’s predicated on zero-cost overnight money that continues these carry trades; It can’t continue.”

And he still believes, as he has for some time – so far, incorrectly – that there will be a day of reckoning.

“When the trades begin to unwind because the carry cost has to normalize, you’re going to have a dramatic re-pricing dislocation in these financial markets.”

As Yahoo Finance’s Lauren Lyster points out in the associated video, investors who heeded Stockman’s advice last year would have missed out on a 28% run-up in stocks. But Stockman remains steadfast in his belief that the current Fed policy and the resultant market behavior can not continue. “I think what the Fed is doing is so unprecedented, what is happening in the markets is so unnatural,” he said. “This is dangerous, combustible stuff, and I don’t know when the explosion occurs – when the collapse suddenly is upon us – but when it happens, people will be happy that they got out of the way if they did.”

 

 

Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: Thursday, September 11, 2014
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FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 11, 2014

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Sep 10, 2014
Week ended
Sep 10, 2014
Change from week ended
Sep 3, 2014 Sep 11, 2013
Reserve Bank credit 4,377,690 +    4,183 +  761,693 4,379,719
Securities held outright1 4,159,537 +    2,675 +  765,361 4,160,521
U.S. Treasury securities 2,439,657 +    2,671 +  401,376 2,440,637
Bills2          0          0          0          0
Notes and bonds, nominal2 2,325,368 +    2,678 +  386,333 2,326,351
Notes and bonds, inflation-indexed2     97,755          0 +   11,737     97,755
Inflation compensation3     16,534 –        7 +    3,306     16,531
Federal agency debt securities2     41,562          0 –   22,868     41,562
Mortgage-backed securities4 1,678,317 +        4 +  386,851 1,678,322
Unamortized premiums on securities held outright5    208,963 –      219 +    5,815    208,907
Unamortized discounts on securities held outright5    -18,664 +       21 –   12,958    -18,654
Repurchase agreements6          0          0          0          0
Loans        291 –        8 +       18        352
Primary credit         10 –       18 –        8         53
Secondary credit          0          0          0          0
Seasonal credit        247 +        9 +       94        266
Term Asset-Backed Securities Loan Facility7         34          0 –       68         34
Other credit extensions          0          0          0          0
Net portfolio holdings of Maiden Lane LLC8      1,664 –        1 +      171      1,665
Net portfolio holdings of Maiden Lane II LLC9         63          0 –        1         63
Net portfolio holdings of Maiden Lane III LLC10         22          0          0         22
Net portfolio holdings of TALF LLC11         44          0 –       80         44
Float       -675 –       69 +       94       -627
Central bank liquidity swaps12         77 +        1 –      243         77
Other Federal Reserve assets13     26,369 +    1,784 +    3,517     27,349
Foreign currency denominated assets14     22,933 –      353 –      737     22,801
Gold stock     11,041          0          0     11,041
Special drawing rights certificate account      5,200          0          0      5,200
Treasury currency outstanding15     46,103 +       14 +      820     46,103
Total factors supplying reserve funds 4,462,967 +    3,844 +  761,776 4,464,863

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Sep 10, 2014
Week ended
Sep 10, 2014
Change from week ended
Sep 3, 2014 Sep 11, 2013
Currency in circulation15 1,292,467 –      442 +   84,956 1,291,993
Reverse repurchase agreements16    266,584 +      818 +  173,996    267,602
Foreign official and international accounts    102,228 –      296 +    9,640    107,303
Others    164,356 +    1,115 +  164,356    160,299
Treasury cash holdings        165 +        4 +       23        164
Deposits with F.R. Banks, other than reserve balances     52,715 –    6,170 –   19,233     53,117
Term deposits held by depository institutions          0          0          0          0
U.S. Treasury, General Account     39,081 –    3,787 +      530     31,872
Foreign official      5,432 –    1,134 –    3,562      5,241
Other17      8,202 –    1,248 –   16,201     16,004
Other liabilities and capital18     63,991 –        1 +      818     63,033
Total factors, other than reserve balances,
absorbing reserve funds
1,675,922 –    5,792 +  240,561 1,675,910
Reserve balances with Federal Reserve Banks 2,787,045 +    9,636 +  521,214 2,788,954

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of
the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9. Refer to table 5 and the note on consolidation accompanying table 9.
10. Refer to table 6 and the note on consolidation accompanying table 9.
11. Refer to table 7 and the note on consolidation accompanying table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned
to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the
foreign central bank.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.  Also, includes Reserve Bank premises and equipment net of allowances for depreciation.
14. Revalued daily at current foreign currency exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
17. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.
18. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

1A. Memorandum Items

Millions of dollars

Memorandum item Averages of daily figures Wednesday
Sep 10, 2014
Week ended
Sep 10, 2014
Change from week ended
Sep 3, 2014 Sep 11, 2013
Securities held in custody for foreign official and international accounts 3,338,309 –      417 +   61,832 3,343,937
Marketable U.S. Treasury securities1 3,010,563 –      456 +   86,414 3,016,027
Federal agency debt and mortgage-backed securities2    285,805 +       28 –   29,008    285,934
Other securities3     41,942 +       12 +    4,427     41,976
Securities lent to dealers     10,669 +    1,648 –    1,429     11,123
Overnight facility4     10,669 +    1,648 –    1,429     11,123
U.S. Treasury securities      9,860 +    1,721 –    1,405     10,373
Federal agency debt securities        810 –       72 –       23        750

Note: Components may not sum to totals because of rounding.

1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.
2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities.
3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.
4. Face value. Fully collateralized by U.S. Treasury securities.
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, September 10, 2014

Millions of dollars

Remaining Maturity Within 15
days
16 days to
90 days
91 days to
1 year
Over 1 year
to 5 years
Over 5 year
to 10 years
Over 10
years
All
Loans1        118        234          0          0          0        352
U.S. Treasury securities2
Holdings          0         90      3,194 1,037,162    742,261    657,930 2,440,637
Weekly changes          0          0          0 +    1,615 –        1 +    2,037 +    3,651
Federal agency debt securities3
Holdings      1,556      1,329      3,584     32,746          0      2,347     41,562
Weekly changes          0          0          0          0          0          0          0
Mortgage-backed securities4
Holdings          0          0          0         10      4,698 1,673,614 1,678,322
Weekly changes          0          0          0          0 +      863 –      857 +        6
Asset-backed securities held by
TALF LLC5
         0          0          0          0          0          0          0
Repurchase agreements6          0          0          0
Central bank liquidity swaps7         77          0          0          0          0          0         77
Reverse repurchase agreements6    267,602          0    267,602
Term deposits          0          0          0          0

Note: Components may not sum to totals because of rounding.
…Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden
Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY’s statement of condition consistent with consolidation
under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the
original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign
central bank.

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Account name Wednesday
Sep 10, 2014
Mortgage-backed securities held outright1 1,678,322
Commitments to buy mortgage-backed securities2     80,643
Commitments to sell mortgage-backed securities2          0
Cash and cash equivalents3          4
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Account name Wednesday
Sep 10, 2014
Net portfolio holdings of Maiden Lane LLC1      1,665
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2          0
Accrued interest payable to the Federal Reserve Bank of New York2          0
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3          0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2014. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Account name Wednesday
Sep 10, 2014
Net portfolio holdings of Maiden Lane II LLC1         63
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2          0
Accrued interest payable to the Federal Reserve Bank of New York2          0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3          0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2014. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American
International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are
included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Account name Wednesday
Sep 10, 2014
Net portfolio holdings of Maiden Lane III LLC1         22
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2          0
Accrued interest payable to the Federal Reserve Bank of New York2          0
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3          0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2014. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Account name Wednesday
Sep 10, 2014
Asset-backed securities holdings1          0
Other investments, net         44
Net portfolio holdings of TALF LLC         44
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2          0
Accrued interest payable to the Federal Reserve Bank of New York2          0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3          0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under theauthority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extended loans with a term of up to five years to holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury’s Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital Eliminations from consolidation Wednesday
Sep 10, 2014
Change since
Wednesday Wednesday
Sep 3, 2014 Sep 11, 2013
Assets
Gold certificate account     11,037          0          0
Special drawing rights certificate account      5,200          0          0
Coin      1,930 +        8 –       62
Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,351,126 +    3,534 +  756,847
Securities held outright1 4,160,521 +    3,657 +  763,739
U.S. Treasury securities 2,440,637 +    3,651 +  399,549
Bills2          0          0          0
Notes and bonds, nominal2 2,326,351 +    3,661 +  385,784
Notes and bonds, inflation-indexed2     97,755          0 +   10,546
Inflation compensation3     16,531 –       10 +    3,219
Federal agency debt securities2     41,562          0 –   22,654
Mortgage-backed securities4 1,678,322 +        6 +  386,844
Unamortized premiums on securities held outright5    208,907 –      132 +    5,820
Unamortized discounts on securities held outright5    -18,654 +       19 –   12,787
Repurchase agreements6          0          0          0
Loans        352 –       10 +       75
Net portfolio holdings of Maiden Lane LLC7      1,665 +        1 +      167
Net portfolio holdings of Maiden Lane II LLC8         63          0 –        1
Net portfolio holdings of Maiden Lane III LLC9         22          0          0
Net portfolio holdings of TALF LLC10         44          0 –       68
Items in process of collection (0)         94 –       22 –       31
Bank premises      2,255          0 –       29
Central bank liquidity swaps11         77 +        1 –      243
Foreign currency denominated assets12     22,801 –      404 –      925
Other assets13     25,095 +    2,704 +    3,719
Total assets (0) 4,421,408 +    5,821 +  759,373

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Assets, liabilities, and capital Eliminations from consolidation Wednesday
Sep 10, 2014
Change since
Wednesday Wednesday
Sep 3, 2014 Sep 11, 2013
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,247,980 –    2,086 +   84,510
Reverse repurchase agreements14    267,602 +   17,296 +  175,438
Deposits (0) 2,842,072 –    8,612 +  499,663
Term deposits held by depository institutions          0          0          0
Other deposits held by depository institutions 2,788,954 –   24,799 +  513,312
U.S. Treasury, General Account     31,872 +   10,836 +    1,852
Foreign official      5,241 –    1,326 –    3,524
Other15 (0)     16,004 +    6,676 –   11,978
Deferred availability cash items (0)        721 –      482 –      163
Other liabilities and accrued dividends16      6,693 –      299 –    1,529
Total liabilities (0) 4,365,067 +    5,817 +  757,919
Capital accounts
Capital paid in     28,170 +        2 +      726
Surplus     28,170 +        2 +      726
Other capital accounts          0          0          0
Total capital     56,341 +        4 +    1,454

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9. Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign
central bank.
12. Revalued daily at current foreign currency exchange rates.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal
Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.

9. Statement of Condition of Each Federal Reserve Bank, September 10, 2014

Millions of dollars

Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Assets
Gold certificate account     11,037        352      4,125        338        464        824      1,349        706        278        173        291        880      1,257
Special drawing rights certificate acct.      5,200        196      1,818        210        237        412        654        424        150         90        153        282        574
Coin      1,930         32         94        124        123        320        222        276         25         46        153        182        332
Securities, unamortized premiums and discounts, repurchase agreements,
and loans
4,351,126     88,009 2,670,390    104,231     94,993    243,168    240,542    177,833     53,725     26,795     57,330    132,586    461,524
Securities held outright1 4,160,521     84,160 2,553,576     99,673     90,839    232,534    229,991    170,046     51,317     25,497     54,804    126,772    441,311
U.S. Treasury securities 2,440,637     49,370 1,497,974     58,470     53,288    136,409    134,917     99,752     30,104     14,957     32,149     74,367    258,881
Bills2          0          0          0          0          0          0          0          0          0          0          0          0          0
Notes and bonds3 2,440,637     49,370 1,497,974     58,470     53,288    136,409    134,917     99,752     30,104     14,957     32,149     74,367    258,881
Federal agency debt securities2     41,562        841     25,509        996        907      2,323      2,298      1,699        513        255        547      1,266      4,409
Mortgage-backed securities4 1,678,322     33,949 1,030,093     40,207     36,644     93,803     92,777     68,595     20,701     10,285     22,107     51,139    178,021
Unamortized premiums on securities held outright5    208,907      4,226    128,220      5,005      4,561     11,676     11,548      8,538      2,577      1,280      2,752      6,365     22,159
Unamortized discounts on securities held outright5    -18,654       -377    -11,449       -447       -407     -1,043     -1,031       -762       -230       -114       -246       -568     -1,979
Repurchase agreements6          0          0          0          0          0          0          0          0          0          0          0          0          0
Loans        352          1         44          0          0          0         34         11         61        132         20         17         33
Net portfolio holdings of Maiden
Lane LLC7      1,665          0      1,665          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
Lane II LLC8         63          0         63          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
Lane III LLC9         22          0         22          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of TALF LLC10         44          0         44          0          0          0          0          0          0          0          0          0          0
Items in process of collection         94          0          0          0          0          0         93          0          0          1          0          0          0
Bank premises      2,255        121        434         74        110        222        209        198        124         97        243        224        200
Central bank liquidity swaps11         77          4         25          6          6         16          4          2          1          0          1          1         11
Foreign currency denominated assets12     22,801      1,037      7,335      1,714      1,813      4,754      1,311        629        192         96        240        381      3,299
Other assets13     25,095        535     15,039        739        546      1,547      1,374      1,014        356        219        347        798      2,580
Interdistrict settlement account          0 +   10,547 –   58,585 +    2,678 +    9,252 +      197 +    8,040 –   10,297 –   10,950 –    2,083 –      134 +    2,635 +   48,701
Total assets 4,421,408    100,833 2,642,468    110,114    107,543    251,460    253,799    170,787     43,900     25,434     58,623    137,969    518,478

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank, September 10, 2014 (continued)

Millions of dollars

Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Liabilities
Federal Reserve notes outstanding 1,443,974     44,572    489,349     42,766     65,118    103,568    212,875     94,569     37,360     21,242     36,783    115,911    179,862
Less: Notes held by F.R. Banks    195,994      5,311     63,063      6,357      8,870     11,177     20,690     11,915      4,937      4,278      5,302     25,736     28,359
Federal Reserve notes, net 1,247,980     39,261    426,285     36,409     56,248     92,391    192,186     82,654     32,423     16,964     31,481     90,175    151,503
Reverse repurchase agreements14    267,602      5,413    164,244      6,411      5,843     14,956     14,793     10,937      3,301      1,640      3,525      8,154     28,385
Deposits 2,842,072     53,409 2,030,175     62,876     40,791    131,999     42,547     75,315      7,510      6,356     22,882     38,429    329,783
Term deposits held by depository institutions          0          0          0          0          0          0          0          0          0          0          0          0          0
Other deposits held by depository institutions 2,788,954     53,397 1,977,410     62,837     40,788    131,731     42,538     75,306      7,510      6,355     22,881     38,428    329,774
U.S. Treasury, General Account     31,872          0     31,872          0          0          0          0          0          0          0          0          0          0
Foreign official      5,241          2      5,214          3          3          8          2          1          0          0          0          1          6
Other15     16,004         11     15,679         36          0        260          7          7          0          0          1          0          3
Deferred availability cash items        721          0          0          0          0          0        611          0          0        110          0          0          0
Interest on Federal Reserve notes due
to U.S. Treasury16
     1,693         19      1,199         20         10         23         86         73         20         12         20         54        155
Other liabilities and accrued
dividends17
     5,000        167      2,179        211        208        544        361        282        142        118        126        208        454
Total liabilities 4,365,067     98,270 2,624,083    105,927    103,101    239,913    250,583    169,261     43,395     25,200     58,034    137,021    510,279
Capital
Capital paid in     28,170      1,282      9,193      2,093      2,221      5,773      1,608        763        252        117        295        474      4,099
Surplus     28,170      1,282      9,193      2,093      2,221      5,773      1,608        763        252        117        295        474      4,099
Other capital          0          0          0          0          0          0          0          0          0          0          0          0          0
Total liabilities and capital 4,421,408    100,833 2,642,468    110,114    107,543    251,460    253,799    170,787     43,900     25,434     58,623    137,969    518,478

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank, September 10, 2014 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate
equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Revalued daily at current foreign currency exchange rates.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.
16. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in.
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Federal Reserve notes and collateral Wednesday
Sep 10, 2014
Federal Reserve notes outstanding 1,443,974
Less: Notes held by F.R. Banks not subject to collateralization    195,994
Federal Reserve notes to be collateralized 1,247,980
Collateral held against Federal Reserve notes 1,247,980
Gold certificate account     11,037
Special drawing rights certificate account      5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,231,743
Other assets pledged          0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,160,521
Less: Face value of securities under reverse repurchase agreements    257,508
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,903,013

Note: Components may not sum to totals because of rounding.

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

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Pronk Pops Show 120, August 9, 2013, Segment 0: Yakety Yak –Don’t Talk Back! — Increased Terrorist Chatter or Increased Obama Distractions To Justify NSA Spying on American People? Congress Goes Home To Face American People and Charges of Invading Their Privacy, Betraying Their Oaths and Destroying the Fourth Amendment — Terrorist Alert or Wag The Dog? — Videos

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Pronk Pops Show 120: August 9, 2013

Pronk Pops Show 119: August 2 and 8, 2013

Pronk Pops Show 118: July 26, 2013

Pronk Pops Show 117: July 19, 2013

Pronk Pops Show 116: July 12, 2013

Pronk Pops Show 115: June 28, 2013

Pronk Pops Show 114: June 21, 2013

Pronk Pops Show 113: June 14, 2013

Pronk Pops Show 112: June 7, 2013

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Segment 0: Yakety Yak –Don’t Talk Back! — Increased Terrorist Chatter or Increased Obama Distractions To Justify NSA Spying on American People? Congress Goes Home To Face American People and Charges of Invading Their Privacy, Betraying Their Oaths and Destroying the Fourth Amendment — Terrorist Alert or Wag The Dog? — Videos

shuttinb_down_embasies

us embassies_closed

Yakety Yak –Don’t Talk Back!

The Coasters- Yakety Yak

Take out the papers and the trash
Or you don’t get no spendin’ cash
If you don’t scrub that kitchen floor
You ain’t gonna rock and roll no more
Yakety yak (don’t talk back)

Just finish cleanin’ up your room
Let’s see that dust fly with that broom
Get all that garbage out of sight
Or you don’t go out Friday night
Yakety yak (don’t talk back)

You just put on your coat and hat
And walk yourself to the laundromat
And when you finish doin’ that
Bring in the dog and put out the cat
Yakety yak (don’t talk back)

Don’t you give me no dirty looks
Your father’s hip; he knows what cooks
Just tell your hoodlum friend outside
You ain’t got time to take a ride
Yakety yak (don’t talk back)

Yakety yak, yakety yak
Yakety yak, yakety yak
Yakety yak, yakety yak
Yakety yak, yakety yak

ACCOUNTABILITY – Movie Trailer

Wag The Dog

Wag The Dog – War On Terror

Good Ol’ Shoe – Working [from Wag the Dog]

Wag The Dog – Obama’s Admin Script, I Have Seen This Movie Before! – Judge Jeanine Pirro

22 Embassies Closed Due To Al Qaeda Terror Threats! – Gary Berntsen – Judge Jeanine Pirro

Terror Threats Close Embassies, But Why Now?

Glenn Greenwald “FISA Report That Calls NSA Spying Unconstitutional & Illegal Kept From Congress

Greenwald: Is U.S. Exaggerating Threat to Embassies to Silence Critics of NSA Domestic Surveillance?

NSA surveillance programs ‘foiled 50 terror plots’

Terrorist Threat Closes U.S. Embassies in Muslim World

U.S Embassies Closed: ‘Strategically Significant’ Terror Threat Keeps Embassies Closed

Terror Threat! – 22 U.S. Embassies, Consulates Closed Worldwide!! AMB John Bolton

WORLDWIDE TERROR ALERT! (And The Corresponding Blatant BLATANT MSM PROPAGANDA!)

Threat Closing Some US Embassies on Sunday

Terror threat prompts U.S. to close Middle East embassies

TERROR THREAT Forces Closure of EMBASSIES around the World. HIDDEN AGENDA? Possible FALSE FLAG?

Terrorist Threat Causes US Embassies Across Muslim World to Close

Terror Threat ~ U.S. embassies closed 8/4: Worldwide travel alert

Breaking Propaganda Serious Threat shuts down U S Embassies on Obama’s Birthday Aug 01, 2013)

U.S issues travel alert, closes embassies

How the NSA Spies on Americans (Jim Harper)

Obama Issues Global Terror Threat As Benghazi Smokescreen

NSA Spying On Americans – Sen Rand Paul – O’Reilly – Wake Up America!

youtube=http://www.youtube.com/watch?v=gxeNZpJefG8]

U.S. Sees Threat of al Qaeda Attack

State Department Issues Global Travel Alert

By JAY SOLOMON And SIOBHAN GORMAN

Al Qaeda re-emerged as a top global security threat after suspected plots by an affiliate of the terror group led the State Department to issue a world-wide travel alert for the entire month of August.

Senior U.S. officials said they were particularly focused on Yemen-based al Qaeda in the Arabian Peninsula, or AQAP, saying the affiliate was plotting attacks that Washington feared could be executed in the Middle East, Africa or beyond.

These officials cited increased communications, or “chatter,” between terrorist operatives in the field as the primary reason behind the State Department’s alert. The Obama administration said on Thursday that it would close most of its embassies in the Middle East on Sunday because of the threat.

“Current information suggests that al Qaeda and affiliated organizations continue to plan terrorist attacks both in the region and beyond, and that they may focus efforts to conduct attacks in the period between now and the end of August,” the State Department said in a statement on Friday.

The warning didn’t tell travelers to abandon their journeys, advising caution and recommending that U.S. citizens register their travel plans on the department’s website.

The State Department has issued such alerts and warnings in the recent past, but the threat is the most serious the U.S. has seen in a few years, an administration official said.

While officials across the U.S. government described the threat as serious and imminent, they also said it they didn’t know who would be targeted, where, or how, making it hard to assess. For some officials, the lack of detail has provoked more anxiety. It was possible the alerts themselves were issued to disrupt the planning of what a former U.S. official familiar with the intelligence described as an active AQAP operation.

A senior U.S. official said the threat from AQAP emerged “over the last week.”

Another set of intelligence reports pointed to indications of plots around the end of the Muslim holy month of Ramadan in the coming week, though it wasn’t clear if those indicators were linked to the AQAP chatter, the former official said. On Sunday, Muslims world-wide will celebrate the Night of Power, commemorating the Quran’s presentation to the Prophet Muhammad.

In the wake of the uproar over the Obama administration’s handling of the attack last year on the U.S. diplomatic post in Benghazi, Libya, the State Department is inclined to issue advance warning when they have any credible information, said Seth Jones, an al Qaeda specialist at the Rand Corp.

“There do appear to be multiple threats against U.S. embassies in North Africa, in the Persian Gulf and in South Asia,” he said. “After the experience in Benghazi, it’s better to get that out beforehand and pre-empt that.”

The latest alert follows an uptick in threats against embassies in North Africa and the Middle East that started a few months ago. U.S. intelligence officials in May saw a spike in threats against U.S. missions and against its embassies in Libya, Yemen and Egypt, which were believed to involve bomb plots by Sunni extremists and perhaps al Qaeda-linked individuals.

Late last year, the State Department released a similarly worded warning stating al Qaeda and its affiliates could seek to strike U.S. interests on or about Sept. 11, 2012. In February, it did so again.

Friday’s alert, though, warning of a heightened risk during all of August, was unusual in that it specifically warned of a terrorist attack, cited such a large area—the Middle East and Africa—and mentioned al Qaeda.

The French Foreign Ministry said Saturday that it would close its embassy in Yemen on Sunday and Monday over security concerns. The decision comes after the U.K. and Germany also decided to close their embassies in Yemen temporarily.

Canadian Foreign Minister John Baird warned Friday that Canadian travelers and diplomats in the Middle East face an elevated security risk, and urged “a high degree of caution.”

William Daly, who heads the New York office of Control Risks Group LLC, a global consultancy specializing in political and security risk, said his firm was telling its business clients as of Friday not to cancel trips—but suggested it would be prudent to postpone discretionary travel until fall.

The State Department, in addition to shutting embassies in countries including Saudi Arabia, Kuwait and Egypt, warned that tourist resorts, bus and rail systems and airlines could be targets, standard language that accompanies such alerts.

AQAP has successfully honed bombing technology that has previously threatened U.S.-bound air travel on passenger and cargo planes, making the organization one of the prime threats facing America and Yemen—and making Yemen of the most frequently targeted sites of the U.S. drone campaign.

The U.S. launched three strikes within the past week in remote areas of Yemen where AQAP operatives were thought to be hiding. It marked the first time in more than a month that America launched such attacks there. Yemeni media reported at least five alleged members of al Qaeda were killed in strikes.

It isn’t known whether the uptick in American strikes is related to the current threat. “The threat is from Yemen but it can’t be confined to Yemen,” a senior U.S. counterterrorism official said. “They always talk big, but you never know.”

Separately, intelligence officials have been tracking a number of other al Qaeda-related threats in Africa and South Asia. In Tunisia, intelligence officials are monitoring possible plots against U.S. or European targets in Tunis by al Qaeda and a local militant group, Ansar al Sharia.

AQAP has risen in importance to the larger al Qaeda organization, U.S. counterterrorism officials believe, because they have seen indications that al Qaeda leader Ayman al Zawahiri has appointed the emir of AQAP to be a kind of general manager of the al Qaeda organization.

President Barack Obama met with Yemen’s President Abdo Rabu Mansour Hadi at the White House on Thursday to discuss joint counterterrorism programs against AQAP and other bilateral issues, according to U.S. and Yemeni officials.

U.S. defense officials said there have been no shifts of assets in response to the embassy closures. Defense officials noted that in recent months the Marine Corps has built up quick reaction forces in the region, in large measure to respond to threats against embassies and other diplomatic outposts.

http://online.wsj.com/article/SB10001424127887324635904578643890167811634.html?mod=WSJ_hpp_LEFTTopStories

FISC Will Not Object To Release of 2011 Court Opinion That Confirmed NSA’s Illegal Surveillance

The Foreign Intelligence Surveillance Court, or FISC, ruled Wednesday that it has no objection to the release of a 2011 opinion of the court, which found that some of the National Security Agency’s surveillance programs under the FISA Amendments Act, were unconstitutional.

A 2011 FISC court ruling had concluded that some of the NSA’s surveillance programs had violated sections of the Foreign Intelligence Surveillance Act, or FISA, a law aimed at protecting American citizens from surveillance programs targeted at foreigners.

The nation’s most secretive court, as it has been called in the media, said that the 86-page classified opinion can be made public if a district court orders it.

On Friday, the Department of Justice, or DoJ, had argued that the court’s opinion must remain secret and its release of the opinion would contradict the FISC’s own rules on disclosure of classified documents, according to NBC News.

However, the court’s chief judge, Reggie Walton, rejected the DoJ’s arguments and said that the document, which is in the possession of the department, could be released under the Freedom of Information Act, or FOIA, NBC News reported.

“It is fundamentally the Executive Branch’s responsibility to safeguard sensitive national security information,” Judge Walton wrote in the order, according to the Huffington Post. “As a general matter, it would be redundant for this Court to impose on the Executive Branch additional restrictions.”

The ruling is significant as the NSA’s PRISM program, which has sparked public outrage over Internet users’ privacy rights, is based on the same sections that the FISC found was circumvented by the security agency.

San Francisco-based Electronic Frontier Foundation, or EFF, had filed a lawsuit last year seeking a release of the FISC court’s 2011 opinion.

However, the ruling will not make the opinion immediately available to the public, and EFF will have to pursue the matter in a lower court — where it initially filed its plea — which would then decide whether the document is eligible to be released under FOIA.

EFF attorney Mark Rumold welcomed the court’s ruling and said it is the first victory for a non-governmental party in the FISC.

“It’s important to know that while this is a victory, it is a pretty modest one,” he said. “It’s the FISC realizing that the Department (of Justice) was making crazy arguments, and they quickly got rid of it. Now we have to go right back to the district court.” said Mark Rumold, according to the Huffington Post.

http://www.ibtimes.com/fisc-will-not-object-release-2011-court-opinion-confirmed-nsas-illegal-surveillance-1305023

Related Posts On Pronk Pops

Pronk Pops Show 120, August 9, 2013, Segment 1: X-KEYSTORE — NSA — Why Shouldn’t I Work for the NSA? — Videos

Pronk Pops Show 120, August 9, 2013, Segment 2: Snowden Forces Obama To Reform Secret Spying Surveillance Program of American People — Americans Do Not Trust Obama and Their Congressional Representatives To Uphold Their Oath of Office To Defend The Constitution and Bill of Rights — Videos

Pronk Pops Show 115, June 28, 2013: Segment 0: Enemy Of The State: Life Imitating Art –National Security Agency Targets American People — Vidoes

Pronk Pops Show 114, June 21, 2013: Segment 0: National Security Agency (NSA) and Federal Bureau Investigation (FBI) Secret Security Surveillance State (S4) Uses Stellar Wind and PRISM To Create Secret Dossiers On All American Citizen Targets Similar To East Germany Stasi Files–Videos

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Pronk Pops Show 97, February 8, 2013: Segment 0: Dereliction of Duty By President and Commander-In-Chief Obama–Sleeping While Americans Died–The Big Coverup and Scandal–The President Lied–Videos

Posted on February 8, 2013. Filed under: American History, Communications, Crime, Foreign Policy, Government Spending, History, Oil, Philosophy, Pistols, Politics, Radio, Rifles, Security, Success, Technology, Violence, War, Weapons, Wisdom | Tags: , , , , , , , , , , , , , , , |

Pronk Pops Show 97: February 8, 2013 

Pronk Pops Show 96: February 1, 2013

Pronk Pops Show 95: January 25, 2013

Pronk Pops Show 94: December 7, 2012

Pronk Pops Show 93: November 30, 2012

Pronk Pops Show 92: November 10, 2012

Pronk Pops Show 91: November 5, 2012

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Segment 0: Dereliction of Duty By President and Commander-In-Chief Obama–Sleeping While Americans Died–The Big Coverup and Scandal–The President Lied–Videos

panic.panic.button

Obama-AWOL-Benghazi

benghazi-cover-up

Benghazi_VICTIMS-2

Dereliction of duty is a specific offense under United States Code Title 10,892. Article 92 and applies to all branches of the US military. A service member who is derelict has willfully refused to perform his duties (or follow a given order) or has incapacitated himself in such a way that he cannot perform his duties. Such incapacitation includes the person falling asleep while on duty requiring wakefulness, his getting drunk or otherwise intoxicated and consequently being unable to perform his duties, or his vacating his post contrary to regulations.

TIMELINE OF EVENTS: HOW THE RESCUE OPERATION UNFOLDED

  • Four Americans, including Ambassador Chris Stevens, were killed in a six-hour, commando-style attack on the US Mission on September 11
  • CIA Director David Petraeus did not attend the ceremony when the coffins arrived back in US to conceal the CIA operation in eastern Libya
  • Al Qaeda in North Africa and Islamist militia Ansar al-Sharia were implicated
  • Timeline of CIA involvement blows open the dramatic sequence of events, revealing that of 30 American officials there, 23 were with the CIA
  • CIA team had been operating out of a building known as ‘the annex’, less than half a mile away from the consulate in central Benghazi
  • Timeline reveals heroic rescue effort by CIA team and the terrifying firefight they encountered

9.40pm – CIA officials in ‘The Annex’ get a distress call from the consulate saying they are under attack.

10.05pm – Armed only with handguns, team of about six CIA security officers leave their base for the public diplomatic mission compound.

10.30pm – With bullets whistling overhead, the CIA team move into the compound after unsuccessfully trying to get heavy weapons and help from local Libyan allies.

11.10pm – A Defense Department drone, which had been on an unrelated mission some distance away, arrived in Benghazi to help officials on the ground gather information.

11.30pm – U.S. personnel who had been working or staying at the mission all accounted for, except for Ambassador Stevens.

11.40pm – Driving back to the secure base, the evacuees come under further fire.

12am – The installation itself comes under fire from small arms and rocket-propelled grenades.

12am – A CIA security team based in Tripoli, which included two U.S. military officers, lands at Benghazi airport and begins plotting how to locate the missing ambassador.

1am – The patchy attacks on the base begin to die down after 90 minutes of fierce fighting.

4am – The reinforcements from Tripoli take a convoy of vehicles to the CIA base to prepare for evacuation.

4.30am – a fresh round of mortar attacks is launched on the base, killing two U.S. security officers.

5.30 – A heavily armed Libyan military unit arrive at the CIA base to help evacuate the compound of U.S. personnel to the Benghazi airport.

From 6am – Roughly 30 Americans, as well as the bodies of Stevens and the other three Americans killed during the attacks, were loaded on planes and flown out of the city, several U.S. officials said.

Pentagon releases official timeline of Benghazi attack

The Pentagon released Friday an hour-by-hour timeline of the September 11 assault on the U.S. Consulate in Benghazi, Libya, highlighting when Defense Secretary Leon Panetta and senior commanders were informed of the attack and when decisions were made to move forces to assist. The release comes as the Obama administration is facing increasing questions over its response to the attack.Obama administration continues explanations on Benghazi decision-makingSeptember 11 (Events are listed using the time in Benghazi)

9:42 p.m. — Armed men begin their assault on the U.S. Consulate.

9:59 p.m. — A surveillance drone is directed to fly over the U.S. compound, but it is unarmed.

10:32 p.m. — The Office of the Secretary Defense and the Joint Staff are notified of the attack by the National Military Command Center at the Pentagon. “The information is quickly passed to Secretary Panetta and General Dempsey.”

11 p.m. — Panetta and Chairman of the Joint Chiefs of Staff Gen. Martin Dempsey meet with President Obama at the White House where they discuss the unfolding situation and how to respond. The meeting had been previously scheduled.

11:10 p.m. — The surveillance drone arrives over the Benghazi facility.

11:30 p.m. — All surviving U.S. personnel are evacuated from the consulate. U.S. Ambassador Chris Stevens and State Department computer expert Sean Smith were killed in the initial assault.

September 12

Midnight to 2 a.m. — Panetta and other senior leaders discuss possible options for further violence if it were to break out. Panetta gives verbal orders for Marine anti-terrorist teams from Rota, Spain, to prepare to deploy to Tripoli and Benghazi. Panetta also orders a special operations force team training in Croatia and an additional special operations force team in the United States to prepare to deploy to a staging base in southern Italy.

1:30 a.m. — A six-man security team from the U.S. Embassy in Tripoli arrives in Benghazi.

2:39 a.m. to 2:53 a.m. — The National Military Command Center gives formal authorization for the deployment of the two special operations force teams from Croatia and the United States.

5:15 a.m. — Attackers launch assault on a second U.S. facility in Benghazi. Two former U.S. Navy SEALs acting as security contractors are killed. They are identified as Tyrone Woods and Glen Doherty.

6:05 a.m. — A C-17 aircraft in Germany is told to prepare to deploy to Libya to evacuate the consulate personnel.

7:40 a.m. — The first wave of Americans are evacuated to Tripoli via airplane.

10 a.m. — A second group, including those killed in the attack, are flown to Tripoli.

2:15 p.m. — The C-17 departs from Germany for the flight to Tripoli.

7:17 p.m. — The C-17 leaves Tripoli with the American consulate personnel and the bodies of Stevens, Smith, Woods and Doherty.

7:57 p.m. — The U.S. special operations force team based in Croatia arrives at a staging base in Italy.

8:56 p.m. — One of the Marine anti-terrorist teams from Spain arrives in Tripoli.

9:28 p.m. — The U.S.-based special operations force team arrives at its staging base in Italy.

http://www.cnn.com/2012/11/09/world/africa/libya-benghazi-timeline

Former National Security Adiviser Bud McFarlane: For Obama to Do Nothing is Dereliction of Duty

Know The TRUTH ~ Step By Step ~ Bret Baier’s ~ ‘Death and Deceit in Benghazi’

Michelle Malkin SLAMS Media for Trying to Embarrass Mitt Romney for Obama’s Derelection of Duty

Obama Confronted on Benghazi – Stutters Through Response!

Mark Levin – Obama’s “Dereliction of Duty”

Rush military caller says that Obama ordered no response to Benghazi attack

Obama: “let them die, don’t help ambassador”

Michael Coren & John Robson – Benghazi: Obama lied, Americans died

Obama administration knew Benghazi attack was a terror plot

BREAKING OBAMA MAY GO TO PRISON AND BE IMPEACHED KILLING OUR OWN

Michael Savage on New Benghazi Information Uncovered – 10/26/12

Father Of Murdered Navy Seal in Benghazi, Recounts Days After Attack – Judge Jeanine

Top AFRICOM Leader General Carter Ham Was Never Ordered to Save US Men in Be

Reality Check: One question Sec. of State Clinton was not asked about Benghazi

Hillary Clinton, Benghazi “What’s The Difference?” Four Dead Americans

Obama & Hillary On 60 Minutes – Benghazi Gate – Propaganda?, No Questions Ask,

Graham Questions Military Leaders on Response to Benghazi Attack

Part II: Graham Questions Military Leaders on Benghazi

Sen. Chambliss at Benghazi SASC Hearing

Panetta: Benghazi was a ‘problem of distance and time’.

No Word from Hillary During Benghazi Attack Panetta, Dempsey did not speak to Clinton

Panetta Defends Pentagon’s Benghazi Response

Senator Blunt Questions Secretary Panetta, General Dempsey About Benghazi Attacks

Rand Paul’s Reaction To Defense Secretary Panetta’s Benghazi Testimony – Fox News

Obama vs Panetta on Attacks in Benghazi – Obama Could have saved American Lives

Senators challenge military leaders on Benghazi attack response

“…The top two Defense Department officials were sharply challenged by lawmakers Thursday on their insistent claims that nothing more could have been done to save the four Americans who were killed in the Sept. 11 terror attack in Benghazi.

Secretary Leon Panetta and Joint Chiefs Chairman Gen. Martin Dempsey were peppered with questions from Republican senators during a hearing before the Senate Armed Services Committee. The officials claimed military aircraft and other assets were too far away to get to the scene in time, and suggested armed aircraft like F16s could have done more harm than good in a chaotic situation. The senators, though, pressed the officials for a fuller explanation on why military assets were not deployed to rescue Americans under attack that night — in what will likely be their last chance to question the outgoing Defense secretary.

Sen. John McCain, R-Ariz., disputed testimony that the difficulty in dispatching assets to the scene was “a problem of distance and time.” He suggested the “light footprint” in the region and a failure to respond to threats left the military ill-prepared.

“For you to testify that our posture would not allow a rapid response — our posture was not there because we didn’t take into account the threats to that consulate, and that’s why four Americans died,” he said. “We could have placed forces there. We could have had aircraft and other capacity a short distance away.”

He continued: “No forces arrived there until well after these murders took place.”

Dempsey acknowledged having gotten word of a warning from the U.S. consulate about being unable to withstand a sustained attack, but said the military never got a request for support from the State Department.

“So it’s the State Department’s fault?” McCain asked, curtly.

“I’m not blaming the State Department,” Dempsey said.

McCain responded: “Who would you blame?”

Dempsey went on to claim that several U.S. posts were facing significant threats, though McCain said none so much as Benghazi.

Shortly afterward, Sen. Lindsey Graham, R-S.C., pressed Panetta again on why no forces were deployed until after the attack was over. Dempsey and Panetta said they talked to President Obama one time that night, but Graham questioned why there weren’t subsequent follow-up conversations.

“It lasted almost eight hours … did the president show any curiosity?” Graham asked.

Panetta said there was “no question” Obama “was concerned about American lives.”

“With all due respect,” Graham responded, “I don’t believe that’s a credible statement if he never called and asked you, ‘are we helping these people?'”

The secretary’s testimony on Benghazi was long-sought by Republican lawmakers. After then-Secretary of State Hillary Clinton testified last month, Graham had demanded that Panetta be brought before the Senate — threatening to hold up the nomination of his prospective replacement Chuck Hagel over the issue.

Committee Chairman Carl Levin, D-Mich., announced last week that Panetta would testify.

Responding to long-running questions about whether more military assets could have been dispatched to protect those under fire in Libya on Sept. 11, Panetta in his opening statement claimed there simply wasn’t enough time to do more.

“There was not enough time given the speed of the attack for armed military assets to respond,” he said before the Senate Armed Services Committee. “We were not dealing with a prolonged or continuous assault which could have been brought to an end by a U.S. military response. … Time, distance, the lack of an adequate warning, events that moved very quickly on the ground prevented a more immediate response.”

Still, he said the Pentagon “spared no effort … to save American lives.”

Panetta was testifying in what may be his final public appearance on Capitol Hill as he prepares to leave the department.

Panetta, in his testimony, detailed the military response on the day and night of the attack.

As Fox News has previously reported, he said an unarmed, unmanned drone was positioned overhead the Benghazi compound.

But he said armed aircraft like AC-130 gunships would have taken too long to get there — “at least nine to 12 hours if not more to deploy.”

“This was, pure and simple … a problem of distance and time,” he said.

Panetta said he also directed that a Marine Fleet Antiterrorism Security Team stationed in Spain prepare to deploy in addition to a second FAST platoon; a special operations force in Central Europe prepare to deploy to a staging base in Southern Europe; and a special ops force in the U.S. similarly prepare to deploy to Southern Europe.

As for what was happening in Libya, he claimed the “quickest response” was the Tripoli-based team of six people which was sent to Benghazi.

“Members of this team, along with others at the annex facility, provided emergency medical assistance and supported the evacuation of all personnel. Only 12 hours after the attacks had begun, all remaining U.S. government personnel had been safely evacuated from Benghazi,” he said.

Since the September assault, some have questioned whether enough was done to protect those at the consulate and CIA annex in Benghazi. Four Americans, including U.S. Ambassador Chris Stevens, were killed that night.

There have been questions about the perceived delays CIA officials — stationed in Benghazi — encountered that night and their frustration that air support was not sent from nearby Sigonella air base. In recent weeks, Fox News has learned that the rescue unit that left Tripoli was told that air support would be above when they landed in Benghazi, but it wasn’t. …”

Read more: http://www.foxnews.com/politics/2013/02/07/panetta-defends-military-response-to-benghazi-attack-at-senate-hearing/#ixzz2KGmLO0Iu

An Incriminating Timeline: Obama Administration and Libya (VIDEO)

The latest incriminating information on the U.S. consulate attack in Benghazi, Libya indicates that the State Department turned down a request for additional security from concerned U.S. embassy staff.

New evidence shows there were security threats in Libya in the months prior to the deadly September 11 attack that killed U.S. Ambassador Christopher Stevens and three other Americans. Despite these threats, the State Department left its personnel there to fend for themselves.

And when the terrorist attack did take place, the Obama Administration peddled the ridiculous story that an offensive, amateurish, anti-Islam YouTube video was to blame in order to avoid characterizing the murders of four Americans as terrorism.

On October 2, a letter was sent to Secretary of State Hillary Clinton from House Oversight and Government Reform Committee Chairman Darrell Issa (R–CA) and Jason Chaffetz (R–UT), Chairman of the National Security, Homeland Defense and Foreign Operations Subcommittee. The letter detailed 13 known security threats against U.S. facilities in Libya in the six months prior to September 11.

On October 10, the committee will hold a hearing on events in Libya and seek answers from the State Department. Also on October 10, The Heritage Foundation will host a public panel discussion on the events in Libya titled, “Intelligence and Security Failure: Attacks in Benghazi and Across the Middle East Reveal Ongoing Threat of Terrorism.”

To help our readers follow the path to tragedy on September 11 and its aftermath, below is a chronology of key events:

April 6: IED thrown over the fence of the U.S. Consulate in Benghazi.

April 11: Gun battle erupts between armed groups two-and-a-half miles from the U.S. Consulate, including rocket-propelled grenades.

April 27: Two South African contractors are kidnapped by armed men, released unharmed.

May 1: Deputy Commander of U.S. Embassy Tripoli’s Local Guard Force is carjacked, beaten, and detained by armed youth.

May 1: British Embassy in Tripoli is attacked by a violent mob and set on fire. Other NATO embassies attacked as well.

May 3: The State Department declines a request from personnel concerned about security at the U.S. Embassy in Libya for a DC-3 plane to take them around the country.

May 22: Two rocket-propelled grenades are fired at the Benghazi office of the International Committee of the Red Cross, less than 1 mile from the U.S. Consulate.

June 6: A large IED destroys part of the security perimeter of the U.S. Consulate in Benghazi. Creates hole “big enough for 40 men to go through.”

June 10: A car carrying the British ambassador is attacked in Tripoli. Two bodyguards injured.

Late June: The building of the International Red Cross attacked again and closed down, leaving the U.S. flag as the only international one still flying in Benghazi, an obvious target.

August 6: Armed assailants carjack a vehicle with diplomatic plates operated by U.S. personnel.

September 8: A local security officer in Benghazi warns American officials about deteriorating security.

September 11: Protesters attack the U.S. Cairo embassy. U.S. Embassy releases statement and tweets sympathizing with Muslim protesters/attackers.

September 11: U.S. Consulate in Benghazi, Libya is attacked, Ambassador Chris Stevens and three other Americans are killed.

September 12: Secretary Clinton and President Obama issue statements condemning both the video and the attacks.

September 12: U.S. intelligence agencies have enough evidence to conclude a terrorist attack was involved.

September 13: Press Secretary Jay Carney condemns video and violence at a news conference.

September 14: Carney denies Administration had “actionable intelligence indicating that an attack on the U.S. mission in Benghazi was planned or imminent.”

September 14: The bodies of slain Americans return to Andrews Air Force Base. President Obama again blames the YouTube video.

September 16: U.N. Ambassador Susan Rice appears on Sunday talk shows and says the attacks were provoked by the video, exclusively.

September 16: Libyan President Mohamed Magarief says, “no doubt that this [attack] was preplanned, predetermined.”

September 17: State Department spokeswoman Victoria Nuland refuses to call attacks an act of terror.

September 19: CNN reports having found Ambassador Stevens’s diary, which indicates concern about security threats in Benghazi.

September 19: Director of the National Counterterrorism Center Matthew Olsen tells Congress the attack in Libya was “terrorism.”

September 20: Carney tries to back up Olsen, says it was “self-evident that what happened in Benghazi was a terrorist attack.”

September 20: Obama refuses to call attack terrorism, citing insufficient information.

September 21: Secretary of State Clinton, at meeting with Pakistani Foreign Minister, says, “What happened in Benghazi was a terrorist attack.”

September 25: On ABC’s “The View,” Obama says, “we don’t have all of the information yet so we are still gathering.”

September 25: To the U.N. assembly, Obama blames “A crude and disgusting video sparked outrage throughout the Muslim world.”

September 26: Libya’s Magarief on the “Today” show says, “It was a preplanned act of terrorism directed against American citizens.”

September 26: Published reports show U.S. Intel agencies and the Obama Administration knew within 24 hours that al-Qaeda affiliated terrorist were involved.

September 27: Innocence of Muslims filmmaker Mark Basseley Youseff (aka Nakoula Basseley Nakoula) is arrested and denied bail on the charges of “probation violation.”

September 28: Director of National Intelligence James R. Clapper, Jr., issues a statement backing the Obama Administration’s changing story about the Libyan attack. Says facts are evolving.

October 2: Carney declines to comment on reported requests from diplomats in Libya for additional security, citing the State Department’s internal investigation.

Mistakes were made, Obama lies, people die. What difference does it make?

Chris Stevenssean smith

Killed: Ambassador Christopher Stevens (left) died of smoke inhalation, while agent Sean Smith (right) died in a desperate battle with insurgents

Glen Doherty

tyrone_woodsjpg
Heroic: Former Navy SEALs Glen Doherty (left) and Tyrone Woods (right) were killed in a mortar attack

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