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Political Connections and Firm Value: Evidence from the Regression Discontinuity Design of Close Gubernatorial Elections
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Do, Quoc-Anh
Lee, Yen-Teik
Nguyen, Bang Dang
Quoc-Anh Do
Yen Teik Lee
Using the regression discontinuity design of close gubernatorial elections in the U.S., we identify a significant and positive impact of the social networks of corporate directors and politicians on firm value. Firms connected to elected governors increase their value by 3.89%. Political connections are more valuable for firms connected to winning challengers, for smaller and financially dependent firms, in more corrupt states, in states of connected firms' headquarters and operations, and in closer, smaller, and active networks. Post-election, firms connected to the winner receive significantly more state procurement contracts and invest more than do firms connected to the loser.
Do, Quoc-Anh & Lee, Yen-Teik & Nguyen, Bang Dang, 2015. "Political Connections and Firm Value: Evidence from the Regression Discontinuity Design of Close Gubernatorial Elections," CEPR Discussion Papers 10526, C.E.P.R. Discussion Papers.
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Quoc-Anh Do & Yen-Teik Lee & Bang Dang Nguyen, 2013. "Political Connections and Firm Value: Evidence from the Regression Discontinuity Design of Close Gubernatorial Elections," Sciences Po publications 15, Sciences Po.
Quoc-Anh Do & Yen-Teik Lee & Bang Dang Nguyen, 2015. "Political Connections and Firm Value: Evidence from the Regression Discontinuity Design of Close Gubernatorial Elections," Sciences Po publications 10526, Sciences Po.
Quoc-Anh Do & Yen-Teik Lee & Bang Dang Nguyen, 2013. "Political Connections and Firm Value: Evidence from the Regression Discontinuity Design of Close Gubernatorial Elections," Working Papers hal-03460972, HAL.
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Political connections pay off in the US
by Economic Logician in Economic Logic on 2013-09-16 19:53:00
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Richard S.Grossman & Masami Imai, 2014. "Taking the Lord's Name in Vain: The Impact of Connected Directors on 19th century British Banks," Wesleyan Economics Working Papers 2014-004, Wesleyan University, Department of Economics.
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Renaud Coulomb & Marc Sangnier, 2014. "The Impact of Political Majorities on Firm Value: Do Electoral Promises or Friendship Connections Matter?," PSE-Ecole d'économie de Paris (Postprint) halshs-00990241, HAL.
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Egerod, Benjamin C. K., 2019. "The Revolving Door and Regulatory Enforcement: Firm-Level Evidence on Tax Rates and IRS Audits," Working Papers 289, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
Kondor, Péter & Koren, Miklós & Pál, Jenő & Szeidl, Ádám, 2014. "Cégek kapcsolati hálózatainak gazdasági szerepe [The economic role of the networks of connections possessed by firms]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(11), pages 1341-1360.
Asatryan, Zareh & Baskaran, Thushyanthan & Hufschmidt, Patrick & Stöcker, Alexander, 2021. "Regional favoritism and human capital accumulation in Africa," ZEW Discussion Papers 21-030, ZEW - Leibniz Centre for European Economic Research.
Deng, Yuping & Wu, Yanrui & Xu, Helian, 2019. "Political connections and firm pollution behaviour: An empirical study," BOFIT Discussion Papers 4/2019, Bank of Finland Institute for Emerging Economies (BOFIT).
Brugués, F. & Brugués, J. & Giambra, S., 2018. "Political connections and misallocation of procurement contracts: evidence from Ecuador," Research Department working papers 1394, CAF Development Bank Of Latinamerica.
Andre Medeiros Sztutman & Dante Mendes Aldrighi, 2019. "Political Connections and Access to Brazilian Development Bank's Loans," Working Papers, Department of Economics 2019_13, University of São Paulo (FEA-USP).
Deng, Yuping & Wu, Yanrui & Xu, Helian, 2019. "Political connections and firm pollution behaviour : An empirical study," BOFIT Discussion Papers 4/2019, Bank of Finland, Institute for Economies in Transition.
Lehrer, Nimrod David, 2018. "The value of political connections in a multiparty parliamentary democracy: Evidence from the 2015 elections in Israel," European Journal of Political Economy, Elsevier, vol. 53(C), pages 13-58.
Louis-Philippe Beland & Ozkan Eren & Bulent Unel, 2015. "Politics and Entrepreneurial Activity in the U.S," Departmental Working Papers 2015-04, Department of Economics, Louisiana State University.
Renaud Coulomb & Marc Sangnier, 2012. "Impacts of Political Majorities on French Firms: Electoral Promises or Friendship Connections?," Working Papers halshs-00671405, HAL.
Renaud Coulomb & Marc Sangnier, 2012. "Impacts of Political Majorities on French Firms: Electoral Promises or Friendship Connections?," PSE Working Papers halshs-00671405, HAL.
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close gubernatorial election; corruption; firm value; political connection; procurement; regression discontinuity design; social networks;
All these keywords.
D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
G30 - Financial Economics - - Corporate Finance and Governance - - - General
G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
NEP fields
This paper has been announced in the following NEP Reports:
NEP-BEC-2015-04-11 (Business Economics)
NEP-CDM-2015-04-11 (Collective Decision-Making)
NEP-POL-2015-04-11 (Positive Political Economics)
NEP-SOC-2015-04-11 (Social Norms & Social Capital)
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The explosive growth of the sharing economy platforms (like Airbnb, Uber, etc) has heated the debate around the positive and negative ex- ternalities of these platforms. The positive externalities include the decrease of transactions and information costs, the better coordina- tion of supply and demand and the flexibility for users among others. On the hand, the negative externalities include precarious working conditions, traffic jam congestions, etc. Specifically, for the case of short-term rental platforms, citizens of highly touristic cities are heav- ily complaining about the increase of the long-term rental prices, the decrease of their quality of living (due to noise for example) and the gentrification that changes the nature of their neighbourhoods. Cities like Amsterdam, Paris, Berlin, and Barcelona have taken measures in order to minimise the network externalities of the short-term rental platforms. These measures include restrictions on the total amount of days an apartment can be rented during a year in the short-term rental market, or banning totally the offering of whole apartments. In the case of Barcelona, a special license since 2012 is needed to offer a whole apartment on a short-term rental platform like Airbnb. In July 2015, the newly elected local government led by an ex-activist against evictions, imposed a moratorium on the licenses, prohibiting the is- suing of new licenses for all tourist accommodation establishments so as to study, and in addition control, the growth of the short-term rental market. The moratorium was in force until March 2017 when a new regulation was introduced. The 2015 moratorium on licenses was accompanied with an enforcement mechanism, that included specific fines for the ones that rented their apartments illegally, the creation of a team of inspectors that are monitoring the illegal tourist accommo- dation activities and the implementation of a webpage through which Barcelonas citizens and visitors could report an illegally rented apart- ment. In this study, we try to measure the impact and effectiveness of those two monitoring processes, the formal one and the informal (crowdsourced) one. By implementing a diff-in-diff analysis, we first find a general negative impact of the moratorium on the supply of apartments in the Airbnb platform. Additionally, we find that the formal monitoring process affected mostly the professional hosts while the informal monitoring affected mostly the amateur ones.


text:
Investing Fundamental Analysis
Balance Sheet vs. Profit and Loss Statement: What's the Difference?
Both involve a company's finances, but their differences are significant
Sean Ross
Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd.
Reviewed by Gordon Scott
Gordon Scott has been an active investor and technical analyst of securities, futures, forex, and penny stocks for 20+ years. He is a member of the Investopedia Financial Review Board and the co-author of Investing to Win. Gordon is a Chartered Market Technician (CMT). He is also a member of CMT Association.
Running a Successful Small Business
Business Financing Basics
How Factoring Works
How Much Capital Do You Need?
Selling Stock in Your Company
Other Small Business Loan Sources
Biggest Small Business Challenges
Managing in Hard Times
It's All About Relationships
Managing Cash Flow
P&L Statement vs. Balance Sheet
How to Accept Credit Card Payments
Best Ways to Use Credit Cards
Best Small Business Bank Accounts
The Cost of Hiring
Raise vs. Bonus
When to Outsource
QSEHRA Health Coverage
Save on Taxes
Tax Benefits of Being an LLC
Home Business Taxes
Understanding Payroll Taxes
The Small Business Health Care Tax Credit
Don't Get Sued
Why Small Businesses Fail
Profit and Loss (P&L) Statement
Balance Sheet vs. P&L Statement
The balance sheet and the profit and loss (P&L) statement are two of the three financial statements companies issue regularly. Such statements provide an ongoing record of a company's financial condition and are used by creditors, market analysts and investors to evaluate a company's financial soundness and growth potential. The third financial statement is called the cash-flow statement.
A balance sheet reports a company's assets, liabilities and shareholder equity at a specific point in time.
A balance sheet provides both investors and creditors with a snapshot as to how effectively a company's management uses its resources.
A profit and loss (P&L) statement summarizes the revenues, costs and expenses incurred during a specific period of time.
A P&L statement provides information about whether a company can generate profit by increasing revenue, reducing costs, or both.
A balance sheet reports a company's assets, liabilities and shareholder equity at a specific point in time. It provides a basis for computing rates of return and evaluating the company's capital structure. This financial statement provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders.
The balance sheet shows a company's resources or assets, and it also shows how those assets are financed—whether through debt under liabilities or by issuing equity as shown in shareholder equity. The balance sheet provides both investors and creditors with a snapshot of how effectively a company's management uses its resources. Just like the other financial statements, the balance sheet is used to conduct financial analysis and to calculate financial ratios. Below are a few examples of the items on a typical balance sheet.
Cash and Cash Equivalents. These are the most liquid assets, which may include Treasury bills (T-bills), short-term certificates of deposit (CDs) and cash.
Marketable Securities. This category includes equity and debt securities for which there is a liquid market.
Receivables. Also known as accounts receivable, this represents money owed to the company by customers.
Inventory. This area covers all the goods available for sale.
Debt. This includes the current portion of long-term debt and bank indebtedness.
Overhead. This accounts for such financial obligations as rent, tax, and utilities.
Payables. This includes both wages and dividends owed.
Shareholder equity is equal to a firm's total assets minus its total liabilities and is one of the most common financial metrics employed by analysts to determine the financial health of a company. Shareholder equity represents the net value of a company, meaning the amount that would be returned to shareholders if all the company's assets were liquidated and all its debts repaid.
Retained earnings are recorded under shareholder equity and refer to the percentage of net earnings not paid out as dividends but retained by the company either to be reinvested in its core business or to pay the debt.
Trial Balance vs. the Balance Sheet
It's important to note that the trial balance is different from the balance sheet. This is an internal report that stays in the accounting department. The balance sheet, on the other hand, is a financial statement distributed to other departments, investors, and lenders.
The trial balance provides financial information at the account level, such as general ledger accounts, and is therefore more granular. Eventually, the information in the trial balance is used to prepare the financial statements for the period.
In contrast, the balance sheet aggregates multiple accounts, summing up the number of assets, liabilities and shareholder equity in the accounting records at a specific time. The balance sheet includes outstanding expenses, accrued income, and the value of the closing stock, whereas the trial balance does not. In addition, the balance sheet must adhere to a standard format as described in an accounting framework, such as the International Financial Reporting Standards (IFRS) or the generally accepted accounting principles (GAAP).
A P&L statement, often referred to as the income statement, is a financial statement that summarizes the revenues, costs, and expenses incurred during a specific period of time, usually a fiscal year or quarter. These records provide information about a company's ability (or lack thereof) to generate profit by increasing revenue, reducing costs, or both. The P&L statement's many monikers include the "statement of profit and loss," the "statement of operations," the "statement of financial results," and the "income and expense statement."
Top Line and Bottom Line
The P&L statement provides the top and bottom line for a company. It begins with an entry for revenue, known as the top line, and subtracts the costs of doing business, including the cost of goods sold, operating expenses, tax expenses, interest expenses, and any other expenses sometimes referred to as "extraordinary" or "one-time" expenses. The difference, known as the bottom line, is net income, also referred to as profit or earnings.
Realized Profits and Loss
The P&L statement reveals the company's realized profits or losses for the specified period of time by comparing total revenues to the company's total costs and expenses. Over time it can show a company's ability to increase its profit, either by reducing costs and expenses or increasing sales. Companies publish P&L statements annually, at the end of the company's fiscal year, and may also publish them on a quarterly basis. Accountants, analysts, and investors study a P&L statement carefully, scrutinizing cash flow and debt financing capabilities.
Revenues and Expenses
From an accounting standpoint, revenues and expenses are listed on the P&L statement when they are incurred, not when the money flows in or out. One beneficial aspect of the P&L statement in particular is that it uses operating and nonoperating revenues and expenses, as defined by the Internal Revenue Service (IRS) and GAAP.
A balance sheet considers a specific point in time, while a P&L statement is concerned with a set period of time.
Although the balance sheet and the P&L statement contain some of the same financial information—including revenues, expenses and profits—there are important differences between them. Here's the main one: The balance sheet reports the assets, liabilities and shareholder equity at a specific point in time, while a P&L statement summarizes a company's revenues, costs, and expenses during a specific period of time.
Purpose of Each Statement
Each document is built for a slightly different purpose. Balance sheets are built more broadly, revealing what the company owns and owes as well as any long-term investments. Unlike an income statement, the full value of long-term investments or debts appears on the balance sheet. The name "balance sheet" is derived from the way that the three major accounts eventually balance out and equal each other. All assets are listed in one section, and their sum must equal the sum of all liabilities and the shareholder equity.
The P&L statement answers a very specific question: Is the company profitable? While accountants use the P&L statement to help gauge the accuracy of financial transactions—and investors use the P&L statement to judge a company's health—the company itself can review its own statement for productive purposes. Closely monitoring financial statements highlights where revenue is strong and where expenses are incurred efficiently, and the opposite is true as well. For example, a company might notice increasing sales but decreasing profits and search for new solutions to reduce costs of operation.
Profit vs. Total Value
The P&L statement shows net income, meaning whether or not a company is in the red or black. The balance sheet shows how much a company is actually worth, meaning its total value. Though both of these are a little oversimplified, this is often how the P&L statement and the balance sheet tend to be interpreted by investors and lenders.
It's important to note that investors should be careful to not confuse earnings/profits with cash flow. It's possible for a firm to operate profitably without generating cash flow or to generate cash flow without producing profits.
How the Statements Are Calculated
The P&L statement requires accountants to add up the company's revenue on one portion and add up all of its expenses on another. The total amount of expenses are subtracted from the total revenue, resulting in a profit or loss. The balance sheet has a few different calculations that are all performed as representations of one basic formula:
Assets = Liabilities + Owner's Equity
When used together along with other financial documents, the balance sheet and P&L statement can be used to assess the operational efficiency, year-to-year consistency, and organizational direction of a company. For this reason the numbers reported in each document are scrutinized by investors and the company's executives. While the presentation of these statements varies slightly from industry to industry, large discrepancies between the annual treatment of either document are often considered a red flag.
A firm's ability (or inability) to generate earnings consistently over time is a major driver of stock prices and bond valuations. For this reason every investor should be curious about all of the financial statements—including the P&L statement and the balance sheet—of any company of interest. Once reviewed as a group, these financial statements should then be compared with those of other companies in the industry to obtain performance benchmarks and understand any potential market-wide trends.
PwC. "VALUE IFRS Plc Illustrative IFRS consolidated financial statements December 2018," pages 1-239. Accessed Aug. 8, 2020.
PwC. "Financial statement presentation," pages 1-821. Accessed Aug. 8, 2020.
Running a Successful Small Business Guide
The Basics of Financing a Business
Learn About What a Factor Is
How Much Working Capital Does a Small Business Need?
How to Sell Stock in Your Company
How SBA Loans Can Help Your Small Business—Especially in Tough Times
4 Steps to Getting a Small Business Loan Without Collateral
5 Biggest Challenges Facing Your Small Business
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Using a Business Credit Card
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Become an LLC and Save Taxes Under Trump's Tax Cuts and Jobs Act of 2017 (Maybe)
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Small Business Tax Obligations: Payroll Taxes
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What's an example of a P&L statement?
How do you find a company's P&L statement?
The Main Focus Points When Analyzing a Balance Sheet
Understanding the Cash Flow Statement
Balance Sheet vs. Cash Flow Statement: What's the Difference?
The Three Major Financial Statements: How They're Interconnected
What Is a Balance Sheet?
A balance sheet is a financial statement that reports a company's assets, liabilities and shareholder equity at a specific point in time.
How General Ledgers Work
A general ledger is the record-keeping system for a company's financial data, with debit and credit account records validated by a trial balance.
Financial statement analysis is the process of analyzing a company's financial statements for decision-making purposes.
Profit and Loss Statement (P&L) Definition
The profit and loss statement is a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period.
What Is Cash Flow?
Cash flow is the net amount of cash and cash equivalents being transferred into and out of a business.
How the Expanded Accounting Equation Works
The expanded accounting equation is derived from the accounting equation and illustrates the different components of stockholder equity in a company.

redpajama_set_name: RedPajamaCommonCrawl


How to install Scrubs V2 Kodi addon? Scrubs V2 is a recent update to the Scrubs Kodi addon that features menu sections such as Movies, TV Shows, New Movies, New Episodes, IMDB Lists, TMDB Lists, Search, and more.
#1) The first thing you need to do is launch Kodi Krypton and click on the Settings Icon in the top left corner.
#2) Go to System Settings and then Addons.
#3) Under the Addons Tab turn on the "Unknown Sources" option or else you won't be able to install third-party addons. If a warning box pops up, click Yes.
#4) Now go back to the Kodi homescreen, and click on Settings, and go to File Manager.
#6) Select None and then enter the following link http://jewrepo.cf/JewRepo/. Name it JewRepo and then click OK.
#7) Go to the Kodi homescreen and select Addons. Click on the Package Installer Icon in the top left corner.
#8) Choose Install From Zip File.
#9) Select JewRepo and press OK.
#10) Select repository.jewrepo-1.5.2.zip and click OK to install it. Wait until you see the addon enabled notification.
#11) Go back once to the addons screen and select Install From Repository.
#12) Choose JewRepo Repository to open it.
#13) Click on Video Addons.
#14) Select Scrubs V2 or any other addon you want and press install. Wait until you see the addon enabled notification.
#15) Now go back to the Kodi homescreen and select the addons tab from the left hand column. All the video addons you installed will appear here.
Not currently running Kodi Krypton? Use these instructions instead.
#1) To start launch Kodi and go to System and then File Manager.
#2) Click on Add Source. Select None and then enter the following link http://jewrepo.cf/JewRepo/.
#4) Scroll to the empty bar and enter JewRepo. Click done once more.
#6) Now from the home screen, go to System -> Settings -> and then Addons.
#7) Choose Install From Zip File and select JewRepo.
#8) Select repository.jewrepo-1.5.2.zip and click OK to install it. Wait until you see the add-on enabled notification.
#9) Now, select Install from repository.
#10) Choose JewRepo Repository to open it.
#11) Click on Video Add-ons.
#12) Select Scrubs V2 or any other addon you want and press install. Wait until you see the addon enabled notification.
#13) From the Kodi home screen, choose Videos -> Addons -> Scrubs V2.
Are You Safe While Streaming On Kodi?
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15 short videos containing information on how to fillet, skin, and remove pin bones from salmon & trout. There are also a couple videos on cooking scallops as well as cooking and cleaning some other seafood and shellfish.
The author of the videos also wrote a book, that I got from the library, containing information on what to look for when buying seafood, questions to ask the fish monger to make sure your buying a quality product as well as what season to expect to see fish at the market. The book also has a hundred recipes, not oriented towards smoking or BBQ, that could be useful in the kitchen.


Lighting must be maintained at an appropriate level in order to keep the public safe and to achieve this you need a close partner who delivers the highest levels of support.
That is exactly what CEL have delivered to the lighting industry for over 35 years.
24/7 software support. We are on the phone and have instant access to your system in order to help you at any point.
UK-based hardware stocks. All hardware is held in stock in the UK and is available to supply quickly.


text:
A wild sloth bear rescued near Agra
April 10, 2013 | By wildlife@dmin
By Jordan Carlton Schaul and Vinay Datla
A call about a wild bear in Shikohabad, which is 75 kilometers from the Agra bear rescue facility was received by Dr. Ilayaraja at 9:00 am this morning. His rescue team was deployed to a Jamali pur village. It took 2 hours for the team to reach the village, where an adult sloth bear was discovered in the middle of a dry storm drain. It was very dark inside the drain, which was estimated to be around 40 feet in length. Without a long a torch in our rescue kit, the villagers used a mirror and directed the sun into the storm drain.
With a transport cage and a net available, Dr. Ilayaraja decided to cover the dry storm drain on one end with the cage and the other end with the net. Dr. Ilyaraja managed to dart the bear through the netting as planned. After waiting about 15 minutes for the drug to take effect, Satyender went into the storm drain with a long stick and tested the bear's response. The bear still conscious started moving backwards towards the cage. We all thought the rescue was a success as the bear moved into the cage, but suddenly the villagers shouted "Balu aa gaya."(Bear has come). The bear, spooked by something or someone ran towards the other end right toward Satyender, who narrowly escaped a direct encounter with the frightened sloth bear. The bear reached the net and broke free. The villagers who were responsible for holding the net got scared by the force of the angry sloth bear, dropped the net and ran away. The bear was left tangled in the net. Raj kumar, and Veeru managed to hold on to the net to contain the bear while Dr. Ilyaraja attempted to dart the bear again. Unfortunately, he missed, which happens when one tries to dart a bear in open spaces. The angry and aggressive bear managed to escape containment. At this point Dr Ilayaraja found himself face to face with the bear. He had grasping pole in his hand and attempted to catch the bear. The bear almost attacked him, but ultimately ran away.
In no time the bear had evaded the villagers and escaped into nearby wheat and potato fields about a kilometer away, resting in the shade under a tree before getting spooked by villagers and again moving on. Ultimately, it had moved about 2.5 kilometers from the place where it was initially darted. Eventually the bear was successfully darted and immobilized, as noticed by its slowed ventilation rate.
Santyender covered the bear eyes with a cloth and the team carried the bear for almost a kilometer. With an additional dose of tranquilizer, the bear was loaded into a cage and the cage was then placed into the vehicle. The team left the village at 3:30 pm and arrived back at the Agra Bear Rescue Facility at 5:30 pm. At the facility, the animal was observed for injuries and general condition. The bear has now been fully examined and deemed releasable and will be released as soon as forest department permission is secured and a suitable release site is identified.


text:
"The 9/11 Wars" Professor Anthony J. Hall Interview. Edmonton
hawkeyicockburn
September 29th, during Avatar's James Cameron news conference at the Westin Hotel in Edmonton, on the Alberta Oil sands. Doug Brinkman asks Anthony on the growing doubt of the official story of 9/11/01, and former Democratic Presidential candidate, now Congressman Dennis John Kucinich's September 11th 2010 proposal for a 9/11 Truth and Reconciliation to be conducted in the United States.
Richard D. Brinkman reporting as citizen media.
edmonton911truth.com
Keiser Report №82: Markets! Finance! Scandal!
This time Max Keiser and co-host Stacy Herbert look at the hilarious case of Swiss dried beef, China demolishing buildings in the name of perpetual bubbles, and a group that doesn't exist but meets in order to save the euro. In the second half of the show, Max goes to North Carolina to talk to Republican congressional candidate William "B.J."Lawson about the economy, the Fed and China.
New Planet: Another Earth discovered by scientists?
COURTESY: NATIONAL SCIENCE FOUNDATION
R. Paul Butler, Planet co-discoverer
Steve Vogt, Planet co-discoverer
Astronomers have announced they have discovered an earth like planet that could support the crucial conditions needed for life to exist. The new planet sits directly in the middle of what is referred to as the habitable or Goldilocks zone (Gliese 581 g), unlike any of the nearly 500 other planets astronomers have found outside Earth's solar system. It also is in Earth's galactic neighbourhood, suggesting that plenty of Earth-like planets circle other stars. Astronomers say the planet is neither too far from its star, not too close and could contain liquid water.
Radiotherapist Calls in to Warn About The Dangers of Body Scanners
TheAlexJonesChannel
New Cybersecurity Bill Gives Obama 'Power To Shut Down Companies'
An amalgamated cybersecurity bill that lawmakers hope to pass before the end of the year includes new powers which would allow President Obama to shut down not only entire areas of the Internet, but also businesses and industries that fail to comply with government orders following the declaration of a national emergency -- increasing fears that the legislation will be abused as a political tool.
The draft bill is a combination of two pieces of legislation originally crafted by Senators Lieberman and Rockefeller. One of the differences between the new bill and the original Lieberman version is that the Internet "kill switch" power has been limited to 90 days without congressional oversight, rather than the original period of four months contained in the Lieberman bill.
In other words, President Obama can issue an emergency declaration that lasts 30 days and he can renew it for a further 60 days before congress can step in to oversee the powers.
The new powers would give Obama a free hand to not only shut down entire areas of the Internet and block all Internet traffic from certain countries, but under the amalgamated bill he would also have the power to completely shut down industries that don't follow government orders, according to a Reuters summary of the new bill.
"Industries, companies or portions of companies could be temporarily shut down, or be required to take other steps to address threats," states the report, citing concerns about an "imminent threat to the U.S. electrical grid or other critical infrastructure such as the water supply or financial network."
The only protection afforded to companies under the new laws is that they would have to be defined as "critical" in order to come under government regulation, but since the government itself would decide to what companies this label applies, it's hardly a comforting layer of security.
"Even in the absence of an imminent threat, companies could face government scrutiny. Company employees working in cybersecurity would need appropriate skills. It also would require companies to report cyber threats to the government, and to have plans for responding to a cyber attack," states the report.
As we have highlighted, the threat from cyber-terrorists to the U.S. power grid or water supply is minimal. The perpetrators of an attack on such infrastructure would have to have direct physical access to the systems that operate these plants to cause any damage. The recent Stuxnet malware attack, for example, was introduced and spread through a physical USB device, not via the public Internet.
Engdahl on Austerity Anger: Demand to foot the bill for banks' corruption
Spain has been gripped by a 24-hour general strike against the government's plans to slash its budget. Thousands of passengers were left stranded in Madrid with two thirds of flights grounded due the actions by transport workers. A wave of anti-austerity demonstrations is expected all over Europe with tens of thousands marching on Brussels.
Austerity on Fire: Video of street battles in Spain as protests heat up
Airlines cancelled flights, picketers blocked trucks from delivering produce and police clashed with protesters as Spanish workers staged a general strike on Wednesday to protest against austerity measures imposed by a government struggling to slash its budget deficit and overcome recession.
Is Glenn Beck for Real?
Glenn Beck, as a national media figure, has never been consistent. While he has been seen on TV supporting big government bailouts, new taxes and unlimited war under the dubious banner of "conservative," Beck has also made a name as a Libertarian of sorts, and now as a tax-revolting Patriot leader within the Tea Party.
But what Glenn Beck has never done, until now, is come so close to telling the truth. In recent episodes, as on September 22, Beck has highlighted the agenda of "global elites," while digging up valid information on some very serious advocates of World Government, like Col. Edward Mandell House, the foreign affairs advisor to Woodrow Wilson who helped found the Federal Reserve and the Council on Foreign Relations. In the same episode, Glenn Beck exposed Eugenics as an American experiment that morphed into the Nazi Holocaust and linked Cass Sunstein with his intellectual ancestor, Edward Bernays, who refined the art of propaganda to facilitate covert social engineering and control.
All this is not only new ground for Beck, but for televised news at large. Those in power clearly intend that The People would pay attention to Sarah Palin, Barack Obama, Lindsay Lohan and American Idol, not find out the aims of the Council on Foreign Relations, a publicly-obscure but deeply-influential elitist think tank. Though many of Beck's infamous Fox News programs have revolved around convoluted diagrams and misinformed flow-charts linking entities like the White House and the SDS with Van Jones, 9/11 and Nazism (and so on...), he has now reached the point of concise and important historical examples demonstrating the elite controlled agenda.
So is Glenn Beck for real?
That question has come up again and again, as the Infowars.com crew continues research Beck, the Tea Parties and the attempt to control what Zbigniew Brzezinski recently termed as the 'first truly global awakening.'
Republicans Kill Anti-Outsourcing Bill
TheYoungTurks
WHAT IN THE WORLD ARE THEY SPRAYING? Trailer
Alex Abella - Rand Corporation: The Shadowy Think Tank That Shaped Our Modern World
TheAlexJonesChannel | September 28, 2010
Emmy-nominated TV reporter and screenwriter Alex Abella, author author of Soldiers of Reason: The Rand Corporation and the American Empire, a study of the world's most influential think tank. Abella was the first journalist to have full access to RAND's files in Santa Monica, California. Abella, who migrated with his family to the United States at age 10 from Cuba, is also the author Shadow Enemies, a non-fiction account of a plot by Adolf Hitler to start a wave of terror and destruction in the United States. He is also the author of several novels, including The Killing of the Saints and The Great American.
abellaweb.com
Proven 9-11 Nukes = US Government Involvement
By Dr. Ed Ward, MD
The Current Irrefutable Conclusion = Treason, Murder and Crimes Against Humanity for 9-11, the Iraq War, and Revocation of Constitutional Rights of US Citizens - All US 'representatives' appropriate US citizens, and non citizens, need to be on trial in Constitutional Courts.
The Current 'Basic' Proven 9-11 Nuke Evidence - (About 95 to 98% of the TOTAL evidence covered) - All proven basic physics/chemistry ANY high school graduate should understand after the basic courses.:
1. Three Massive WTC Craters - See us government LIDAR proof: - Nothing else known to man can leave ALL the WTC debris and this particular evidence in the length of time needed , except a third generation Micro Nuke - Mini Nuke - Nuke. It's 100% classic textbook nuclear event residue - ZERO ANOMALIES.
http://letsrollforums.com/update-us-government-s-t22024.html?t=22024 - NOT an endorsement of the site.
9/11 Was An Inside Job, Who Did It and How?
For the last nine years many theories have been put forward in regards to what actually happened on 9/11. From holographic planes to energy weapons, to a standard controlled demolition, concerned citizens and government operatives have all put forth different theories. One simple fact remains; the official story is scientifically impossible.
The recent release of thousands of hours of video footage and photographic evidence by The National Institute of Standards and Technology has only given us more evidence in the fight to bring the truth forward. The International Center for 9/11 Studies has worked tirelessly to secure evidence through the Freedom of Information Act and this time it has succeeded.
So far over 20 videos have been released that seem to back up the belief that controlled demolitions were used on the World Trader Center buildings, including Building Seven.
posted by 911truthnc at 12:23 PM
Hundreds Rally Supporting FBI-Raided Peace Activists
UpTakeVideo
Minneapolis, September 27, 2010. Three hundred plus rallied in front of the Minneapolis FBI Headquarters Building in solidarity with the six citizens who were invaded by the FBI Friday September 24. A seventh was served with a warrant for grand jury appearance but she escaped the shattered doors and confiscated computers, phones etc. The crowd was load and outraged but disciplined. This was a non-violent rally. The 20 Minneapolis Police who took up station across Washington Avenue were left without task. People representing many organizations spoke in support of the peace activist victims.The building manager wisely told his security to ignore their initial request that the protesters stay off the plaza and confine action to just the sidewalk. This simple act defused the initial anger about being pushed into the street.
BP Spill Destroys a Way of Life
Jordan Flaherty: Local fishing villages face an uncertain future on Louisiana Coast
The American People Are Sick & Tired Because They Can't Find Products Manufactured In This Country!
MSNBC The ED Show
5 GOP Presidential Hopefuls Work For FOX
September 27, 2010 CNN
20 Drone Strikes In Pakistan In The Last 23 Days! (Don't Forget They Hate Us For Our Freedom!)
MSNBC Rachel Maddow
This time Max Keiser and co-host Stacy Herbert look at the Walmart's baby formula breadlines and Charlie Munger's bailout blessings. In the second half of the show, Max goes to Washington DC to talk to sports writer Dave Zirin about the sports industrial complex.
Big Secrets of The NWO
Owned by Aliens? US missile guards claim UFOs target global nukes
They are said to be able to cross galaxies. But people who believe they are out there, want to know why aliens want to visit Earth. A group of former U.S. servicemen is convinced extraterrestrials are interfering with nuclear weapons, as RT's Cedric Moon explains.
-Neil Kramer - - Owning the Dystopian Daydream
RedIceRadio
Neil Kramer talks about his latest material, new developments, travels and the dystopian daydream from the point of view of the excellent film "Brazil". We talk about the artificial constructs around us and how to generate our own level of reality, the akashic field, cultural programming and how to break the code. We discuss the dream scape and the recurring problems in our world with cultural depression and financial collapse and how taking responsibility and taking back the flame of authenticity are key aspects to generate your own level of reality. Topics Discussed: Brazil, 1985, Self Awareness, Artificial Construct, Generate your Own Level of Reality, The Level of Comparison, Akashic Field, Cultural Programming, Code, Nag Hamadi Library, Polarization, Inquisitiveness, Personal Rights, Spiritual Asylum, Toltec Sorcerers, The Dream World, Drugs, Flame of Authenticity, Taking Responsibility, Recurring Problems, Depression, Seals & Chakras, Heart as a Compass, Cultural Depression, Financial Collapse, "the Transitional Alchemy Tour" and more. Don't miss our wonderful second hour with Neil Kramer for much more wisdom about the roots of the control system and how to translate reality. We ask the question: "who is number one?"
Alan Grayson 'Taliban Dan' Ad
Proof Bush Tax Cuts Failed Miserably
So How Did the Bush Tax Cuts Work Out for the Economy?
Shocking Facts On US Poverty
"Killing For Sport" U.S. Troops Charge With Murder For Killing Of Afghans
Panopticon UK, 9/11 Truth Censored, Canada Appoints G20 Cover-up - Sunday Update
corbettreport
Mao's Massacres, Swedish Elections, Baptising Aliens - New World Next Week
Pentagon Buys & Destroys Book
Today We Continue The Zionist Vision!
Mind over Matter: Secrets of human aura revealed by Russian scientists
A Russian scientist is trying to convince people they can change the world simply by using their own energy. He claims that thinking in a certain way can have a positive or negative effect on the surrounding environment. "We are developing the idea that our consciousness is part of the material world and that with our consciousness we can directly influence our world," said Dr. Konstantin Korotkov, a professor of physics at St. Petersburg State Technical University. To bridge our understanding of the unseen world of energy, scientific experiments are being carried out using a technique called bioelectrophotography. The assumption is that we are constantly emitting energy. Bioelectrophotography aims to capture these energy fields seen as a light around the body -- or what some people would call your aura.
Afghan vote-rigging videos emerge
AlJazeeraEnglish
The integrity of Afghanistan's recent parliamentary election has been plunged into fresh doubt with the emergence of amatuer videos that appear to show police officers tasked with stopping fraud allowing vote-rigging to occur.
The videos, obtained by Al Jazeera, cannot be independently verified but appear to show Afghan police involvement in electoral fraud, dealing a blow to official claims that any dishonesty that occurred was the work of independent fraudstars and was not carried out on a massive scale.
Fate of thousands of Iraqis unknown
Thousands of Iraqis have gone missing since the US-led invasion seven years ago.
It is thought that many disappeared during the sectarian bloodshed and a number were rounded up in military operations.
But as the United States winds down its presence in the country, many families fear they will never find out what really happened to those who disappeared.
Arrogance from John Kerry the man who didn't see the crisis coming
VictoryIndependence
-On the Edge with Max Keiser-
Stimulus Works, Why is Unemployment So High?
GOP Busted On Talking Points!
Ahmadinejad Cutoff After Bringing Up 9/11
September 23, 2010 News Corp
'9/11 was an inside job': Full speech by Mahmoud Ahmadinejad at UN
Iran's president sparked a mass walk-out by US delegates yesterday after telling a UN summit that most people believe the American government was behind the 9/11 attacks.
Austerity Not a Solution
Robert Pollin: Stimulus and debt not creating inflation
Frank Dikötter: Social Engineering Mao Style
Frank Dikötter, the author of Mao's Great Famine: The History of China's Most Devastating Catastrophe. Dikötter is Chair Professor of Humanities at the University of Hong Kong and Professor of the Modern History of China on leave from the School of Oriental and African Studies, University of London.
This time Max Keiser and co-host, Stacy Herbert, look at the scandals of World War III ending before it even started thanks to Goldman Sachs seeking to move into Iran; and taking on the bourse Abbie Hoffmann style. In the second half of the show, Max goes to New York to talk to Joe Weisenthal from BusinessInsider.com to talk bedbugs, gold and pensioners.
Pres Ahmadinejad Interview
Who's Really In Charge The President Or The Military Industrial Complex?
Former NM Gov. Gary E. Johnson: The Our America Initiative
Gary E. Johnson, businessman, triathlete, and libertarian politician who served as the 29th Governor of the U.S. state of New Mexico from 1995 to 2003. Johnson is the chairman of a political advocacy organization, the Our America Initiative. He believes that the Constitution should be interpreted according to its original meaning and that a proper balance needs to be restored between the different branches of government. He supports the rights of states. Johnson has also been the subject of media speculation as a possible candidate for President in the 2012 election.
All eyes on Silver Options Expiry!!!
stellaconcepts
$10 Oil? Mike Maloney Schools Bankers on Deflation, Gold and Silver
WealthCycles
Mike Maloney was recently invited to speak at the 8th International Banking Forum in Sochi, Russia. The purpose of the conference was for bankers from around the world to meet and discuss the current state of the global economy, the banking system, and strategies for protecting their personal wealth (hence the speaking spot for Mike).
The first morning passed without too much fuss as each speaker gave an introduction and a brief talk on his or her area of expertise. However, by the end of the day...it became obvious that something was definitely wrong. After speaking with many of the attendees, Mike was alarmed to find that practically none of the international bankers understood our present monetary system. Most had no idea how currency is created! Here at wealthcycles.com, we've often wondered exactly how well modern day bankers understand the worldwide predicament that we find ourselves in. Ladies and gentlemen, our worst fears have been confirmed - the lights are on, but there's nobody home.
Mike's presentation on personal protection of wealth changed overnight, into one of basic education on our monetary system. How can anybody take the role of wealth protection (or running an economy!) seriously unless they can see the massive storm that lies ahead?
Whether you are a banker or a baker, a lawyer or a bricklayer...the time to get educated is NOW. We hope you enjoy Mike's frantic effort to awaken the conference from its slumber. It would have been nice for Mike to finish his speech, but perhaps there was a little too much reality on the stage for these Masters Of The Matrix, the Demigods Of Delusion.
wealthcycles.com
Keiser Report: World War III is over!
Watch the full 80th Episode on Thursday, in which Max Keiser and co-host, Stacy Herbert, look at the scandals of World War III ending before it even started thanks to Goldman Sachs seeking to move into Iran; and taking on the bourse Abbie Hoffmann style.
US Senate Defers the Dream
Republican Senators use filibuster to block youth immigration reform and repeal of 'Don't Ask, Don't Tell'
'Food Safety' Bill Threatens American Ranchers
Farmer, consumer outcry helping to stop passage of draconian 'food safety' bill
How to Defeat the New World Order
The Corbett Report needs your help. For Episode 150 of The Corbett Report podcast, we're looking for your input on the topic "How to defeat the New World Order." Submit your entires today via:
1) The contact form on corbettreport.com
2) Our voicemail phone in number (512-553-0297)
3) Leave a video response to this video
Remember, keep it simple and focused and leave a name or nickname that you can be addressed by if your idea is played on the show.
Keiser Report №79: Currency Wars Break Out
This week Max Keiser and co-host, Stacy Herbert, look at the scandals of Greenspan's 'gold warning;' currency wars breaking out; the Veterans Administration's verbal dealers with insurance brokers raking it in on dead soldiers and Carla Bruni's hopes for raking it in after her husband's (hopefully) one term. In the second half of the show, Max goes to New York to talk to Yves Smith of NakedCapitalism.com about her book, Econned, and about stability and instability in financial markets, structural imbalances,'bad equilibrium,' trillions in derivatives and Che Guevara with machine gun interfering with Potemkin companies.
British Defense Sec Warns Of Threat From Solar Flares
Max Keiser: Return to The Gold Standard?
Max is the host of On the Edge, a program of news and analysis and he also hosts Keiser Report, a financial tabloid. Keiser formerly hosted The Oracle with Max Keiser on BBC World News. Keiser correctly predicted the 2008 collapse of Fannie Mae and Freddie Mac, that sub-prime mortgage-backed securities would be the cause of the economic crisis beginning in 2008, and also predicted the banker sabotage of Iceland's economy.
For Sale: Welcome to United States of Tent Cities
As the mortgage crisis cuts deep, real estate firms say over a million Americans may lose their homes to foreclosure this year. In August alone, some 300 thousand were served with foreclosure warnings, as unemployment figures stubbornly hover near 10 percent. Anastasiya Churkina reports on how a camp outside New York has become a place some people now reluctantly call home.
Ron Paul Speech In San Francisco!
TheChannelOfLiberty
Randy Brogdon at Nullify Now!
TenthAmendmentCenter
On the Edge with Jim Willie
maxkeiser.com
Air date: 17 September 2010
Ron Paul "This Is Much Bigger Than The Great Depression!"
Gold, Silver, and Inflation Vs. Deflation Update. U.S. Economic Outlook
visionvictory
inflation.us
New Orleans: Systemic Police Brutality Exposed
Flaherty: During Katrina police murdered and covered up - a continuation of systemic abuse of the poor
Bob Chapman's Friday Economic Report: Gold's Time has Come!
Dr. Sherri Tenpenny: Flu Vaccines - What's Coming Through That Needle
TheAlexJonesChannel | September 17, 2010 | 311 views
Alex talks with Dr. Sherri Tenpenny, the Director and Founder of OsteoMed II, a clinic established in Strongsville, Ohio in 1996 to provide alternative, traditional and preventive medicine. She is also the president of New Medical Awareness Seminars, LLC. Dr. Tenpenny is an internationally renowned expert in alternative medicine. She has lectured abroad on health issues at numerous conferences, conventions, and universities. Tenpenny's DVD, Flu and Flu Vaccines: What's Coming Through That Needle, explores the problems associated with annual flu shots.
www.drtenpenny.com
Afghan War = Heroin, Cabbagegate, 9/11 Culture Jamming - New World Next Week
Wayne Madsen: Blackwater/Xe Cells Conducting False Flag Hits in Pakistan
This time Max Keiser and co-host, Stacy Herbert, look at the scandals of the 'living' dead centenarians collecting pensions in Japan and of Iceland's ex-premier defending his innocence against charges of 'economic recklessness.' In the second half of the show, Max goes to Detroit to talk global deflationary collapse with Nicole Foss of Automatic Earth.
Joe Rogan & Eddie Bravo {In-Studio}: The Nature of Reality
Alex talks with Joe Rogan and Eddie Bravo in-studio. Rogan is a comedian, actor and color commentator for the Ultimate Fighting Championship. Bravo is a practitioner of Brazilian Jiu-Jitsu who holds a black belt under Jean-Jacques Machado. Alex covers a move by Senate Majority Leader Harry Reid to add the so-called DREAM Act -- amnesty for illegal aliens -- to a Defense appropriations bill that will be taken up by the Senate next week.
www.joerogan.net
The Media Has An Army Of 'Experts' That Hype Implausible Threats!"
"WE'RE TERRORIZING OURSELVES!"
UK Investigates Iraq War - US is Silent
Gardner: MI5 head testimony disproves Bush-Cheney-Blair claims intelligence agencies agreed on Iraq WMD
State Secrets, No 4th Amendment, 9/11 Culture Jamming - Sunday Update
Wilkerson on 9/11
heRealNews
Lawrence Wilkerson, Colin Powell's former Chief of Staff, on Bush Admin 9/11 responsibility
British & Canadian Military Running Heroin Smuggling Operation Claims British Newspaper
September 12, 2010 CBC News
--- On the Edge with Karl Denninger - 10 September 2010
"Patriot Act Is A Gross Overreaction Against A Perceived Threat"
Ron Paul & Dennis Kucinich Together!
Michael Boldin - With or Without Federal 'Permission'
Michael Boldin, founder of the Tenth Amendment Centerspeaks on the issue of states rights and nullification at the Nullify Now (nullifynow.com) conference in Fort Worth, TX on 9/4/10.
"We the People of the several states created the federal government...and not the other way around."
"When Congress enacts laws, or regulations...or mandates...that are outside the scope of their constitutionally-delegated powers, you are not bound to obey them!" tenthamendmentcenter.com
FINAL BUILDING WHAT AD!!
BuildingWhat
BuildingWhat.org
9/11 Questions Remain Unanswered
Peter Dale Scott: "I do know for a certainty that there has been a cover-up of 9/11"
Peter Schiff on CNBC Fast Money 9/8/10
Ground Zero 9 Years Later... "The World Is Laughing At Us!"
U.S. Lust For Technology Killing Globally
Gross & Notorious Act Of Despotism!
MSNBC Keith Olbermann
This week Max Keiser and co-host, Stacy Herbert, look at the scandals of no fiscal or monetary bullets left in the bankrupt warfare states of America. In the second half of the show, Max talks to Huffington Post blogger, Mike Jensen in Chicago, about his call for Americans to unite against the emergency in their nation.
Chem TRAILS up CLOSE & PERSONAL
williamwagener
Finally a pilot flys up behind and above a tanker plane spraying chem-trails
CAUGHT ON TAPE. Borrowed from another, but very good video.
The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street
We speak with veteran journalist and Truthdig editor, Robert Scheer, about his latest book, The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street.
Collapse of American liberalism Pt2 Chris Hedges
Compiled Footage of Building 7's Collapse
This compilation shows the collapse of Building 7 at 5:20pm on September 11, 2001 from several different angles.
-- 9/11 Truth is Still the Issue
On this 144th episode of The Corbett Report podcast we take a moment on the brink of the 9th anniversary of 9/11 to ponder the state of 9/11 Truth. What have we learned, what have we gained, and what have we left to achieve? Join us for this special edition of the podcast where we talk to Richard Gage, Kevin Ryan, Bob Bowman, Luke Rudkowski, Anthony Flammia and others about one of the key issues of our time
Why Big Bankers and Corporations Love Obama
RonPaulYTChannel
On the Edge with J.S. Kim
MaxKeiserTV
9/11 Truth is Still the Issue - part 1
Burning Question: Should the History of High-Rise Fires Be Ignored?
Peter J. Denney
Noted author David McCulloch once wrote, "History is a guide to navigation in perilous times." Indeed, if history is a guide, one can look at high-rise building fires that have occurred in the past to address the issue of building safety. This review includes the fires that the 9/11 Commission concluded caused the collapse of the WTC Twin Towers, and WTC 7, for which officials declared the collapse was due to fires. Two high-rise fires listed below occurred after 9/11 and are especially noteworthy.
The history of high-rise, steel-framed buildings spans only about 100 years. Still, there are a number of very hot, large, and long lasting fires to review. One in particular, the Empire State Building, suffered a severe fire when it was struck by a B-25 bomber. The fire was fueled by high-octane gasoline, when the plane hit the 78th and 79th floors. Here's a look at some high-rise fires through history, listed chronologically.
1. July 28, 1945—The Empire State Building—New York, NY
Alex Jones Nightline Interview
Max Igan - A Broader View of Things
James Delingpole: Gore's U.N. Gaia Loving Cultist are More Dangerous Than Radical Muslims!
James Delingpole, the British columnist and novelist who writes for The Times, The Daily Telegraph, and as a television critic for The Spectator. Delingpole is a critic of the man-made climate change theory and contends proponents of the theory exaggerate or otherwise manipulate data to bolster the case for anthropogenic climate change. Delingpole is the author of How to be Right: The Essential Guide to Making Lefty Liberals History.
New 9/11 Videos, Predators on the Border, Gates and Monsanto - New World Next Week
Keiser Report №74: Attacking Bilderberg
This time Max Keiser and co-host Stacy Herbert look at the scandals of foot massages and Ben Bernanke's big clown feet. In the second half of the show, Max talks to journalist Micha Kat about the Bilderberg Group's lawsuit against him.
THE FATAH HAMAS SPLIT
Should people boycott Israel? Pt.3 Omar Barghouti


WASHINGTON – The number of households caught up in the foreclosure crisis rose more than 5 percent from summer to fall as a federal effort to assist struggling borrowers was overwhelmed by a flood of defaults among people who lost their jobs.
The foreclosure crisis affected nearly 938,000 properties in the July-September quarter, compared with about 890,000 in the prior three months, according to a report released Thursday by RealtyTrac Inc. That puts foreclosure-related filings on a pace to hit about 3.5 million this year, up from more than 2.3 million last year.
Unemployment is the main reason homeowners are falling into trouble.


Die cutting: Cutting images in or out of paper.
Gang Run: Getting the most out of a printing press by using the maximum sheet size to print multiple images or jobs on the same sheet. A way to save money.
Matchprint: Trade name for 3M integral color proof. Matte finish: Dull paper or ink finish.
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