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Subject: CIA

The Central Intelligence Agency (CIA) is a civilian intelligence agency of the United States government.

It is an independent agency responsible for providing national security intelligence to senior United States policymakers.

It is the successor of the Office of Strategic Services (OSS) formed during World War II to coordinate espionage activities between the branches of the United States military. The 1947 National Security Act established the CIA, affording it “no police or law enforcement functions, either at home or abroad”. One year later, this mandate was expanded to include “sabotage, anti-sabotage, demolition and evacuation measures…subversion [and] assistance to underground resistance movements, guerrillas and refugee liberation movements, and support of indigenous anti-communist elements in threatened countries of the free world”.

The CIA’s primary function is to collect information about foreign governments, corporations, and individuals, and to advise public policymakers. The agency conducts covert operations and paramilitary actions, and exerts foreign political influence through its Special Activities Division. The CIA and its responsibilities changed markedly in 2004. Before December 2004, the CIA was the main intelligence organization of the US government; it coordinated and oversaw not only its own activities but also the activities of the US Intelligence Community (IC) as a whole. The Intelligence Reform and Terrorism Prevention Act of 2004 created the office of the Director of National Intelligence (DNI), which took over some of the government and IC-wide functions. The DNI manages the IC and therefore the intelligence cycle. The functions that moved to the DNI included the preparation of estimates of the consolidated opinion of the 16 IC agencies, and the preparation of briefings for the President of the United States.

By 2010, the CIA still had a number of functions in common with other countries’ intelligence agencies. The CIA’s headquarters is in Langley in McLean, unincorporated Fairfax County, Virginia,[7] a few miles west of Washington, DC along the Potomac River. [Wikipedia]

The end of the dollar?

Barack Obama: The last US president

Igor Panarin --- Seer extraordinaire

Igor Panarin, a Russian academic, is making headlines predicting the end of the United States in 2010. With his connections in the intelligence community, one might wonder what Professor Panarin might know about Barack Obama and his radical cabinet of ‘czars’ that is unknown to the American people?

Panarin’s map of the proposed breakup of the United States seems to exhibit a profound mis-understanding of American political history and culture. However, the non-democratic behavior of the Pelosi-Reid Congress does raise questions as to the future of the country.

Post Modern Security Analysis

New technology in investment research

3 Days of the Condor [Blu-ray]

Open source intelligence techniques (OSINT) are useful in mining investment information on the Internet. OSINT has well-defined procedures developed by government intelligence agencies like the CIA and MI5.

Capital Market Wiki is a new tool for collaborative investment research, based on OSINT methods and Capital Market Taxonomy.

The objective is to develop actionable investment intelligence from the vast sea of free, unfiltered raw information now available.

US Politics

President Obama and the Lincoln Bible

New Leaders

The Crash of 2008 put Barack Obama in the Oval Office and was the culmination of two secular financial trends: a growing US trade deficit that was the root of easy financing for credit cards and mortgages, and the stock buyback movement that manipulated the equity market and that, in recent years, had become dependent upon easy credit rather than corporate profits.

Americans now have an untested, inexperienced leader, with strange radical friends and a leftist deficit spending agenda. Obama must govern 300 million people in a serious economic crisis that he has the power to exacerbate.

In Obama’s first hundred days, the case of the Lincoln Bible, the Stimulus Bill, staffing problems, and the Maersk Alabama incident, hinted of difficult days to come for the United States.

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Featured articles on inside pages

Stock buybacks

Warren Buffett attacks buyback schemes

In the 2005 Berkshire-Hathaway annual report, Warren Buffet points to the unethical aspects of the buyback-option schemes so common in the US stock market. He noted that "Too often ... the deck is stacked against investors when it comes to the CEO’s pay. ... every dime paid out in dividends reduces the value of all outstanding options"
More ...

Securities Analysis

Is big bank complexity irreversible?

The root problem with big banks today is organizational and product line complexity. Excessive complexity in banks can be traced to the reorganization of Citibank in 1956, under Walter Wriston, following the advice of McKinsey and Company.
More ...

US Politics

Why are the Super-Rich often liberals?

If we are to believe the old adage that, 'people vote their pocketbooks', why are so many of the Super-Rich ardent supporters of the Democratic Party? Why do the liberal Super-Rich seem to act in a way that is so contrary to their selfish interests and economic well-being? Here I show how capital flow analysis of the Federal Reserve flow of funds accounts provides an answer to this apparent conundrum. More ...

US equities

GAO pooh-poohs a Boomer bust

In 2006, the GAO issued a report saying that the retirement of the Baby Boomers should not have a negative effect on stock prices. This article reviews the GAO reasoning and concludes that the conclusion is not credible. More ...

US Bonds

Bond demand exceeds supply for a decade

Over the decade, 1995-2004, the demand for US bonds of all types has surpassed new bond issues in eight of the last ten years. This is the reason that bond prices have held firm, even in 2003, when net new issues reached almost $1.8 trillion. More ...

World Economy

Signs of US losing its groove?

Thirty years ago, US income from abroad was more than double the amount of income that the US paid to the rest of the world. This year, or the next, this foreign income surplus may disappear forever. Is the US 'losing its groove'? More ...

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2010-08-13 12:56