Too-Big-To-Fail Banks Have Raked In $102 Billion In Subsidies Since 2009: Report

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America’s biggest banks want you to believe that they get no special advantage, no subsidies, from being too big to fail. And yet people keep finding evidence of those subsidies.

The latest is World Bank economist Deniz Anginer, in a study for Bloomberg Markets magazine. Anginer estimates that the six biggest U.S. banks have saved $82 billion in borrowing costs since 2009 because investors believe the government will never let them fail and thus don’t charge as much to lend them money as they do smaller banks. The report will be published in the June issue of the magazine.

Together with dirt-cheap government borrowing programs, Bloomberg estimates these banks — JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley — have saved $102 billion since 2009 because of their size advantage.

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A new study tries to estimate the subsidies enjoyed by too-big-to-fail banks. (Victor J. Blue/Bloomberg via Getty Images)

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Andrea Rebello, Hofstra University Student, Shot Dead By Masked Intruder During Home Invasion

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Andrea Rebello, 21, of New York, was shot dead by a masked gunman while her twin sister was in the house, cops told the New York Post. The gunman was also killed in a firefight with police.

The intruder broke into the home at about 2:20 a.m., where the sisters, one of their boyfriends and another woman were staying. The suspect held them hostage for a short time, but let the unidentified woman go to get cash from an ATM. She called police, NBC News reports.

Rebello and the gunman were killed during a firefight that erupted when police arrived. Police told the Post that the suspect killed Rebello, and cops killed him.

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A Hofstra University student was killed in her home Friday morning during a botched robbery.

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http://www.huffingtonpost.com/2013/05/17/andrea-rebello-shot-dead-home-invasion-robbery_n_3293640.html?icid=maing-grid7|myaol|dl5|sec1_lnk3%26pLid%3D314982

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Pope Tawadros II And Pope Francis: Coptic Orthodox And Catholic Heads Meet In Vatican (PHOTOS)

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Two popes prayed together Friday at the Vatican, one Catholic and one Orthodox, in a sign of improving ties following the election of new leaders for both churches.

Pope Francis welcomed the head of the Coptic Orthodox Church of Egypt, Pope Tawadros II, in the first such meeting at the Vatican in 40 years, saying his visit “strengthens the bonds of friendship and brotherhood” between the two churches.

The Coptic and Catholic churches split in the fifth century over theocratic differences.

Christians comprise about 10 percent of Egypt’s population. The Coptic Orthodox Church of Egypt counts about 10 million faithful, while the Coptic Catholic Church in Egypt – whose faithful are loyal to Pope Francis – counts about 165,000.

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Pope Francis (R) greets the Coptic Orthodox leader Tawadros II during a private audience in the pontiff’s library on May 10, 2013 at the Vatican. Tawadros II arrived in Rome the day before for a historic four-day visit to meet Pope Francis — a sign of growing rapprochement between the Vatican and the Orthodox world. AFP PHOTO / POOL / ANDREAS SOLARO (Photo credit should read ANDREAS SOLARO/AFP/Getty Images)

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http://www.huffingtonpost.com/2013/05/10/pope-tawadros-ii-pope-francis_n_3251288.html

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Warp Drive Feasible? Relativity Loophole Means ‘Star Trek’ Device Might Actually Work, Physicists Say

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In the “Star Trek” TV shows and films, the U.S.S. Enterprise’s warp engine allows the ship to move faster than light, an ability that is, as Spock would say, “highly illogical.”

However, there’s a loophole in Einstein’s general theory of relativity that could allow a ship to traverse vast distances in less time than it would take light. The trick? It’s not the starship that’s moving — it’s the space around it.

In fact, scientists at NASA are right now working on the first practical field test toward proving the possibility of warp drives and faster-than-light travel. Maybe the warp drive on “Star Trek” is possible after all. [See also: Warp Drive: Can It Be Done? (Video)]

According to Einstein’s theory, an object with mass cannot go as fast or faster than the speed of light. The original “Star Trek” series ignored this “universal speed limit” in favor of a ship that could zip around the galaxy in a matter of days instead of decades. They tried to explain the ship’s faster-than-light capabilities by powering the warp engine with a “matter-antimatter” engine. Antimatter was a popular field of study in the 1960s, when creator Gene Roddenberry was first writing the series. When matter and antimatter collide, their mass is converted to kinetic energy in keeping with Einstein’s mass-energy equivalence formula, E=mc².

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In the “Star Trek” TV shows and films, the U.S.S. Enterprise’s warp engine allows the ship to move faster than light, an ability that is, as Spock would say, “highly illogical.” However, there’s a loophole in Einstein’s general theory of relativity that could allow a ship to traverse vast distances in less time than it would take light.

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.Click link below for story, slideshow, and video:

http://www.huffingtonpost.com/2013/05/14/warp-drive-possible-star-trek-special-relativity_n_3273422.html?ref=topbar

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Women Of The Wall Attacked By Ultra-Orthodox Haredim While Praying At Western Wall (PHOTOS)

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Thousands of ultra-Orthodox jeered, spit and threw rocks at the 400 ‘Women of the Wall’ who prayed at the Western Wall today, according to the Jerusalem Post.

The women were protected by the police following a recent court order in favor of the Women of the Wall’s right to pray at the sacred site.

The Women of the Wall praised the police and condemned the action by the ultra-Orthodox in a statement released to The Huffington Post:

For the first time in 24 years, Israel Police protected nearly 400 Women of the Wall today as they gathered at the Western Wall (Kotel). The women and the police were confronted by thousands of ultra-Orthodox (haredi), both young girls watching from the side and haredi men of all ages, acting out violently towards the group of women.Women of the Wall is proud to have gotten to this historic point, in which women are praying freely, defended by the police. Likewise, the group is greatly saddened by the use of violence by haredi men. Women of the Wall calls on ultra-Orthodox leadership to denounce all forms of violence against women.

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Willie Jerome Manning Execution Blocked By Mississippi Supreme Court

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The Mississippi Supreme Court has indefinitely delayed Tuesday’s scheduled execution of Willie Jerome Manning amid questions involving evidence in the case, intervening hours before he was set to die for the slayings of two college students.

Manning, who had challenged errors involving evidence analysis, was originally set to receive a lethal injection at 6 p.m. CDT at the state prison in Parchman. But with mere hours remaining, the high court blocked the execution until it rules further in the case.

Manning was convicted in 1994 in the shooting deaths of two Mississippi State University students, Jon Steckler and Tiffany Miller. Their bodies were found in a rural area in December 1992.

The FBI has said in recent days that there were errors in agents’ testimony about ballistics tests and hair analysis in the case.

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Willie Jerome Manning

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.Click link below for story, slideshow and video:

http://www.huffingtonpost.com/2013/05/07/willie-jerome-manning-execution-blocked-mississippii_n_3231790.html?ref=topbar

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Conjoined Twins A’zhari and A’zhiah Jones Separated In Rare ‘Phased’ Surgery (PHOTOS, VIDEO)

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Doctors in Virginia made science history on Monday when they successfully completed a first-of-its-kind surgical procedure to separate six-month-old conjoined twin girls.

The 14-hour operation was performed at the Children’s Hospital of Richmond at VCU in Virginia, where the girls are now in stable condition.

A’zhari and A’zhiah Jones of Franklin, Virginia, were born as so-called thoracopagus twins, meaning their bodies were fused at the abdomen and that they had heart abnormalities.

The first stage of the Jones twins’ phased separation began in October 2012, when surgeons divided their shared liver, and then closed the girls’ abdomens back up.

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http://www.huffingtonpost.com/2013/04/26/conjoined-twins-separated-phased-surgery_n_3156368.html?ref=topbar

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Sean Collier Memorial: Boston Honors MIT Police Officer Slain During Hunt For Boston Bombers

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The surviving suspect in the Boston Marathon bombings acknowledged to the FBI his role in the attacks but did so before he was advised of his constitutional rights to keep quiet and seek a lawyer, officials said Wednesday.

It is unclear whether those statements before the Miranda rights warning would be admissible in a criminal trial and, if not, whether prosecutors even need them to win a conviction. Officials said physical evidence, including a 9 mm handgun and pieces of a remote-control device commonly used in toys, was recovered from the scene.

The suspect, Dzhokhar Tsarnaev, 19, told authorities that his older brother, Tamerlan Tsarnaev, 26, only recently recruited him to be part of the attack, two U.S. officials said. The CIA, however, named Tamerlan to a terrorist database 18 months ago, officials said Wednesday, an acknowledgment that will undoubtedly prompt congressional inquiry about whether investigators took warnings from Russian intelligence officials seriously enough.

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http://www.huffingtonpost.com/2013/04/24/sean-collier-memorial-mit-officer-killed-boston-suspects_n_3149313.html?utm_hp_ref=crime&icid=maing-grid7|myaol|dl1|sec1_lnk3%26pLid%3D303623

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Mohammed Sohel Rana, Bangladesh Factory Owner, Arrested As Death Toll Climbs

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* Owner of collapsed building arrested fleeing to India-police

* More than 900 missing, police say

* Four pulled from rubble alive, four days after disaster

DHAKA, April 28 (Reuters) – The owner of a factory building that collapsed in Bangladesh killing hundreds of garment workers was arrested on Sunday trying to flee to India, police said, as fears grew that the death toll could rise sharply with as many as 900 still missing.

Mohammed Sohel Rana, a leader of the ruling Awami League’s youth front, was arrested by the elite Rapid Action Battalion in the Bangladesh border town of Benapole, Dhaka District Police Chief Habibur Rahman told Reuters.

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Mohammed Sohel Rana, the fugitive owner of an illegally-constructed building that collapsed last week in Bangladesh, is produced before the media by Rapid Action Battalion commandoes in Dhaka, Bangladesh, Sunday, April 28, 2013. Rana was arrested near the land border in Benapole in western Bangladesh, just as he was about to flee into India’s West Bengal state, said Jahangir Kabir Nanak, junior minister for local government,. (AP Photo/Palash Khan)

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The use of cloning and stem cells to resurrect life: Robert Lanza at TEDxDeExtinction

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Robert Lanza, M.D. is Chief Scientific Officer at Advanced Cell Technology, and professor at the Institute for Regenerative Medicine at Wake Forest University School of Medicine. He has several hundred publications and inventions, and 30 scientific books: among them, “Essentials of Stem Cell Biology” and “Principles of Tissue Engineering” which are recognized as the definitive references in the field. Others include the “Handbook of Stem Cells” and “Principles of Regenerative Medicine”.

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Robert Lanza, M.D.

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.Click link below for YouTube talk:

http://www.youtube.com/watch?v=gqpErbFnbiY

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