Tag Archive | 2016

Muslimah Conceives Using Frozen Pubescent Ovarian Tissue and Gives Birth*

Muslimah Conceives Using Frozen Pubescent Ovarian Tissue and Gives Birth*

A London woman is believed to be the first in the world to give birth with the help of ovarian tissue that was frozen before she reached puberty. The tissue was removed from her body ahead of chemotherapy treatment needed to treat a blood disorder.

Moaza Al Matrooshi gave birth to a healthy baby boy on Tuesday, but her path to motherhood wasn’t easy.

The 24-year-old was born with beta thalassaemia, an inherited blood disorder that is fatal if left untreated. She needed chemotherapy as a child, which damages the ovaries, before receiving a bone marrow transplant from her brother.

At the age of nine, long before most girls are faced with reproductive decisions, Al Matrooshi had her right ovary removed in an operation in Leeds, where the tissue was frozen.

The ovary remained frozen until last year, when surgeons in Denmark transplanted five slivers of the tissue back into her body. Four were stitched onto her failed left ovary, and one onto the side of her uterus, according to the BBC.

Although Al Matrooshi had gone through menopause as a result of her blood-disorder treatment, her hormone levels began returning to normal following the procedure, and she began ovulating with her fertility restored.

“Within three months of re-implanting her ovarian tissue, Moaza went from being menopausal to having regular periods again,” Dr. Sara Matthews, who was involved in the procedure, told the BBC.

“She basically became a normal woman in her 20s with normal ovary function.”

She underwent in vitro fertilization (IVF) with the help of her husband Ahmed to maximize the chances of having a child. Three embryos were produced from eight collected eggs, two of which were implanted earlier this year.

The result was a bouncing baby boy, delivered at London’s Portland Hospital on Tuesday.

“We’ve been waiting so long for this result – a healthy baby,” Al Matrooshi said.

Doctors believe the breakthrough will give hope to other girls and young women who face infertility as a result of treatment for cancer, blood, or immune disorders.

“This is a huge step forward. We know that ovarian tissue transplantation works for older women, but we’ve never known if we could take tissue from a child, freeze it and make it work again,” Matthews said.

Source*

Related Topics:

U.K.’s Home Office wants to ID Pregnant Women*

Miracle of Pregnancy: Couple Told to Abort or Die*

Pregnant and Brain-dead, yet Forced to Incubate a Fetus*

Hope for Womanhood as Non-Muslims Sympathize with Attacked Pregnant Muslimah

The Growing Problem of Pregnancy Stroke

Abortion Survivor to Congress – ‘I was Born Alive after Being Burned in My Mother’s Womb’*

Yaz and Yasmin, the Birth Control Pills that can Kill*

Giving Birth to a Child Artificially

Reclaiming the Birthing Process

Mother’s Love brings Life back to her Son Two-Hours after Pronounced Dead!*

FBI Resume Clinton Foundation Investigation*

FBI Resume Clinton Foundation Investigation*

The FBI have resumed their criminal investigation into the Clinton Foundation, following the election of Donald Trump.

Agents at FBI headquarters have confirmed that their New York field office are to continue the probe into issues of corruption and money laundering connected to the Clintons.

Dailycaller.com reports:

“There were no instructions to shut it down, to discontinue or to stand down on the investigation, but to continue its work,” the former official told the Daily Caller News Foundation in an interview.

He said he received this information about a week ago and that the order originated from the bureau’s headquarters in Washington, D.C. well after the November 8 election.  He did not know who at FBI Headquarters issued the order.

The same source broke the news to The DCNF that the FBI was conducting a multi-city probe of the foundation in as many as five cities: New York, Little Rock, Washington, D.C., Los Angeles and Miami. The source did not know the status of the bureau’s work in the four other cities.

After the election, President-elect Donald Trump indicated that prosecuting rival Hillary Clinton or her foundation would not be a priority.

In an interview with the New York Times on November 21, he said, “I don’t want to hurt the Clintons, I really don’t.”

But he didn’t rule out a continuing probe of the foundation, saying, “we’ll have people that do things,” on the foundation, which the Times wrote was, “perhaps a reference to the F.B.I. or Republicans who might continue to press for prosecutions in the email or foundation cases.”

It’s rare for a president to stop an FBI investigation.  Halting an ongoing probe by the FBI, which is an independent law enforcement agency, can be fraught with many political risks for presidents and can expose them to charges of interfering or politicizing law enforcement activities.

The Clinton Foundation originally started in Little Rock, Arkansas as the main non-profit entity to build and maintain the presidential library for former President Bill Clinton.

As its activities exploded in the United States and overseas, its operations migrated to New York City.

In 2015, the foundation reported it had 528 full-time employees, most of them working in offices located on Wall Street.

Its net assets in 2015 were $347 million according to its Form 990 tax filing with the Internal Revenue Service.

The charity moved in 2011 from Harlem to Wall Street where they shared offices with the investment giant Goldman Sachs, according to WikiLeaks.

The move to Wall Street doubled the foundation’s rent, from $1.8 million to $4 million, according to the charity’s Form 990.

The spark for the FBI investigation appeared to be secret recordings of suspects in Los Angeles involved in money laundering activities who mentioned the Clinton Foundation.    The disclosure triggered an investigation in that city beginning last February, according to the Wall Street Journal.

Other FBI bureaus also opened probes of the foundation in other cities.

On numerous occasions bureau agents also conferred with Peter Schweizer, who chronicled the money flows into the charity from influential and wealthy people and foreign governments and wrote about it in his book titled, “Clinton Cash.”

FBI Director James Comey has been criticized by both Democrats and Republicans for his decisions on probing Hillary Clinton over her use of a private email server for government business.  He ended an investigation in July of this year of her email but then resurrected it just 10 days before the election when her emails showed up in a laptop owned by former U.S. Rep. Anthony Weiner.

Weiner, who is married to Clinton aide Huma Abedin, is reportedly being investigated on child pornography grounds when he allegedly “sexted” with underage girls.

Senior Justice Department officials reportedly were openly skeptical of the Clinton Foundation case and repeatedly tried to shut down the bureau’s probe.  But the department was not able to shut down the FBI activities.

Source*

Related Topics:

IRS Launches Investigation of Clinton Foundation*

DHS Caught Hacking Georgia Secretary of State Office during the Election (NOT RUSSIA)*

Wikileaks Hits Home: FBI Reopens Clinton Files*

Assassination of Top U.S. Democratic Party Official Leads to FBI Capture of Clinton “Hit Team”*

U.S. Taxpayers Funded Clinton’s Private Email Servers through ‘Former Presidents Act’*

Donations to Clinton Foundation Dry-up as Killary no Longer has a ‘product to sell’*

FBI Leak: Hillary Clinton Foundation Guilty of Treason*

The Clintons and their Bankster Friends, 1992-2016*

Clinton Receives Massive Funding from American-Jewish Oligarch*

DHS Caught Hacking Georgia Secretary of State Office during the Election (NOT RUSSIA)*

DHS Caught Hacking Georgia Secretary of State Office during the Election (NOT RUSSIA)*

The insanely corrupt DHS has ties of it hacking the Georgian Secretary of States office during the election. With all of the anti-Russia propaganda going around GLOBALLY, here is evidence that the DHS was involved in attacking our own government.

Related Topics:

U.K. Ambassador “I’ve met the person who leaked them [Podesta emails]…not Russian and it’s an insider”*

Killary Clinton Loses 18,422 Votes in Day 3 of Wisconsin Recount*

Trump Allies Move to Stop U.S. Election Recount*

Guccifer 2.0 Angry about his DNC Hack being Blamed on Russians*

Official Who Served DNC Election Fraud Papers Found Dead*

Rothschilds, Trump, Killary and the Rigged U.S. Presidential Election*

Vote All You Want, the Secret Government Won’t Change*

Out of the Mouths of Babes_ A 3rd Grader Just Exposed Trump*

Rouhani urges Muslims to Unite against ‘great plot’*

Rouhani urges Muslims to Unite against ‘great plot’*

Iranian President Hassan Rouhani (L) speaks at the 30th International Islamic Unity Conference in Tehran, Iran, on December 15, 2016.

 

Iranian President Hassan Rouhani has called on all Muslims to unite against the “great conspiracy” of the enemies to destroy Islamic communities through sectarian wars.

Rouhani addressed scores of thinkers from around the world at an international Islamic unity conference in Tehran on Thursday, saying that the ongoing bloodletting in Muslim countries is being orchestrated by major powers and the Zionists.

“The aim of the enemies is to create hopelessness and destroy the opportunities of the Muslim communities,” the president said as he touched on some of the atrocities unfolding in Iraq and elsewhere.

“Big powers set up streams of blood in the streets of Mosul and destroyed this beautiful city. They took away sleep from Muslims and enslaved Muslim and Christian girls who were under the banner of a single government,” he said.

Rouhani said Western powers and their regional allies are responsible for the destruction of cities and beheading of Muslim youths.

“First and foremost, the sin related to these crimes befalls on big colonialists, Western powers and occupiers of the region which opened the way to terrorist groups, armed them and bought smuggled oil from them, allowing looted works from destroyed museums to be sold in their markets.

“The second culprits are some of the Muslim countries which gave money and weapons to terrorist groups,” Rouhani said.

The president called on Muslim thinkers to invite the youths to the true message of Islam and exhort them to follow the path of divine messengers, culminating in the teachings of Prophet Muhammad.

“We must not allow the enemies of Islam to take away this capacity from us and destroy it or increase division and schism under various pretexts.”

Rouhani touched on centuries-old coexistence between Shia and Sunni Muslims as well as other religious and ethnic groups, when “we used to respect one another and refrained from insulting our religious luminaries.”

The president described Shia and Sunni Muslims as brothers in faith and following of the Qur’an and the traditions of the great prophet of Islam.

“Shia crescent or Sunni crescent, both are wrong. It is not Shia or Sunni which are squared up against each other. As the late Imam (Khomeini) said it is rather the American Islam standing against the genuine Muhammadan Islam.”

Rouhani touched on the principle of Jihad in Islam, citing precedents when it was used by Muslims to achieve independence from colonialists by the Libyans, Iranians, Iraqis and other nations.

“We must take pride in a Jihad which is in line with the judgment of the Holy Qur’an. We know of no Jihad other than the one standing against tyranny and defending the dignity of Islam and Muslims,” he added.

Rouhani held hope that Muslims would unite by clinging to the teachings of Prophet Muhammad and identify the “Zionist regime” of Israel as their “biggest enemy”, when Yemen would achieve liberation and those who are aiding terrorists with money and arms would face the Islamic Ummah with shame.

“Let’s come the day when we are a united Ummah, relying on Allah instead of America, England and other big powers as well as terrorists.”

The 30th International Islamic Unity Conference which opened in the Iranian capital with the participation of hundreds of domestic and foreign guests, prominent scholars and religious figures from various Muslims countries will continue until Saturday.

Source*

Related Topics:

Israel Arms Azerbaijan vassal to take on Iran*

Queen Elizabeth Warns Of ‘Holy War To End All Wars’ *

Letter from Iran’s Leader to the Youth in Western Countries*

British Government Killed 10 Million Iranians In 1919*

U.S. Fires Captain Detained by Iran in January*

Iran and Russia Officially Ditch the Dollar*

CIA Admits Staging Iran Coup in 1953‏

Reporter May be Jailed for Revealing the CIA Truth Behind Iran Plot*

Top 10 Ways Islamic Law Forbids Terrorism*

EU Reinstates Sanctions on Iran*

It Is Time for Iran to Tell the West ‘Goodbye’*

Reflection on Islam, Liberty and Development IV

Stop War on Iran

Finally $170M to Help Clean Up the Mess State of Michigan Created in Flint*

Finally $170M to Help Clean Up the Mess State of Michigan Created in Flint*

By Tanasia Kenney

After much anticipation, the U.S. Senate on Saturday passed a critical piece of legislation providing $170 million in much-needed federal aid to Flint, Michigan, and other cities in the country affected by lead contamination.

According to a Congressional press release provided to Atlanta Black Star, the bipartisan agreement, known as the Water Infrastructure Improvements for the Nation (WIIN) Act will provide access to $100 million in funding to help repair Flint’s drinking water system; $20 million to activate $200 million in low-interest loans to enhance water infrastructure in communities in Michigan and across the country; and $50 million to address the health care needs of children affected by lead exposure.

Moreover, the WIIN Act would give the state of Michigan authority to forgive $20 million in past drinking water loans to Flint and would require that the EPA warn the public within 24 hours of increased lead levels in drinking water if a state fails to do so first.

“This is a very long, hard-fought victory,” Michigan Senator Debbie Stabenow said in a statement.

“This agreement achieves what we set out to accomplish from the beginning — pass urgently needed funding to help repair and replace drinking water infrastructure in Flint and other communities, and address the health care needs of children and families.”

“The people of Flint have waited far too long throughout this terrible crisis for their water system to be fixed,” Stabenow added.

“It is also past time for the state of Michigan to do everything in its power to meet its responsibilities to help the city recover from the water crisis.”

The new legislation, which passed the Senate 78-21, closely mirrors a similar bill approved back in September that would provide $220 million in federal funding to repair Flint’s lead-stricken drinking water infrastructure. The bill also contained aid to implement special programs aimed at helping communities reduce lead in drinking water systems and another $100 million to authorize lead testing at schools and child care facilities, according to Atlanta Black Star.

The bipartisan bill, passed in the wee hours of Saturday morning, a press secretary told ABS, would specifically provide $30 million to two different federal programs aimed at funding efforts to address the short- and long-term effects of lead poisoning, the press release stated. In addition, the legislation would provide help to pregnant women and new mothers and educate them on the dangers of lead exposure.

It’s been over two years since Michigan officials decided to switch its water supply from Lake Huron to the highly polluted Flint River, causing lead from old water pipes to leach into Flint’s water system. To this day, city residents are still forced to rely on home water filters and bottled water for everyday tasks like cooking, cleaning and bathing.

Sen. Gary Peters noted that while the responsibility of giving long-term support to affected families in Flint primarily lies with the state of Michigan, city residents have waited far too long for federal assistance.

“For nearly a year, Senator Stabenow, Congressman [Dan] Kildee and I have fought to secure emergency assistance while many families in Flint are still living on bottled water and dealing with the negative health effects of this tragedy,” said Peters, who also helped champion the WIIN Act. “I am pleased that Congress has finally followed through on the promise made to Flint residents and approved funding to help the city of Flint replace its lead-tainted pipes.”

In addition to funding for Flint, the bill also contained a last-minute provision providing drought relief in California. Earlier this month, environmentalists expressed concern that the added measure would jeopardize funding for lead-stricken Flint.

According to The Detroit News, California Sen. Barbara Boxer vehemently opposed the bill — a bill she helped write — calling it “ridiculous.”

“You take a beautiful bill like [the Water Development Resources Act] … and then you put a pile of dirt on top of it … and then you stick a little Maraschino cherry on top, which is Flint and a couple of other good things,” Boxer said on the Senate floor Friday before the time-sensitive water bill was passed. “And then you say, ‘OK, eat the dirt.’”

Despite that small bump in the road, passage of the WIIN Act early Saturday gave Flint Mayor Karen Weaver and other supporters of repairing the city’s water crisis good reason to celebrate.

“Although we have waited far longer for this help than expected, we are grateful to the Senate and the House for providing the assistance that will help Flint residents deal with this unprecedented health crisis and gain a brighter future,” Weaver said in a statement.

Source*

Related Topics:

Veterans Who Supported DAPL Protestors Are on their Way to Flint*

Six More Charged in Flint Water Crisis*

Students Give Bottled Water to Senior Citizens in Flint, Michigan*

Activists from all Over the U.S. Deliver Aid to Flint*

Flint Mayor Tried To Funnel Water Crisis Funds To Her Campaign*

Two People Involved in Flint Water Investigation Found Dead*

Three Officials Charged With Evidence Tampering in Flint Water Crisis*

Flint Tax Payers to foot Gov. Synder’s $500,000 Attorney’s Fee*

U.S. Continues to Poison the People of Flint*

Black Entertainers Raise over $100,000 in #JusticeForFlint, an Oscars Alternative*

300 Plumbers Volunteer to Help Flint’s Most Vulnerable Residents for Free*

Flint State Employees Were Given Clean Water a Year Ago*

In Aleppo 4 Al-Qaeda Chiefs arrested; 1,000 Terrorists Surrender, and 50,000 Civilians Freed*

In Aleppo 4 Al-Qaeda Chiefs arrested; 1,000 Terrorists Surrender, and 50,000 Civilians Freed*

By Alexander Mercouris

Russian Defence Ministry confirms surrender of over 1,200 Jihadi fighters on Saturday morning; Fars reports 4 Al-Qaeda commanders arrested as they try to flee. Russian military also confirms 50,000 civilians leave formerly Jihadi controlled eastern districts of Aleppo by arrangement with Russian military.

The refugee flood from eastern Aleppo is swelling, with the Russian military reporting that 50,000 people fled eastern Aleppo by arrangement with the Russian military over the course of the last 2 days, with 20,000 leaving this Saturday morning.

In addition it seems that more than 1,000 Jihadis gave up and surrendered to the Syrian military this morning.

Here is what the Russian Defence Ministry has said

“Only in the first half of the day, from eastern districts have escaped more than 20 thousand civilians, and 1,217 militants have laid arms.”

The Russian Defence Ministry has also issued a pointed warning to the Jihadis who have still not surrendered and to their foreign backers.  This includes a stern rebuke of the way Western governments have sought to exploit the humanitarian crisis in Aleppo for propaganda purposes

“We warn terrorists and militants from the so-called moderate opposition, and also address their supervisors. Do not try undertaking whatever provocations or even firing on civilians using the humanitarian corridors for the escape.

We address those, who for the recent several months announced readiness to send over to Aleppo their humanitarian assistance: to representatives of the U.S., Great Britain, France, Canada, the European Union and international organisations. It is time to verify your intentions.

For the time of the humanitarian escape, the Syrian forces have stopped the attack. As the people flee the eastern districts, the Syrian forces will continue the combat operation to push out or kill the militants.”

The latter paragraph refutes theories that the partial reduction in the fighting in eastern Aleppo is connected to diplomatic moves underway this weekend between the U.S. and Russia.

Whilst it is true that Lavrov and Kerry are once more in contact with each other, and whilst it is also true that in what looks like a desperate attempt to gain time Kerry has once again promised to withdraw the Jihadis from Aleppo, my opinion is that Lavrov and the Russians are simply going through the motions of engaging with Kerry, and these diplomatic contacts are now all but irrelevant.

The Russians and the Syrians are not waiting for Kerry.  They are waiting for the civilians to leave before they round up whatever Jihadis are left.

Kerry and the U.S. had a chance as recently as a week ago to save the Jihadis in Aleppo by agreeing terms to pull them out.  They failed to do so because of divisions within the Obama administration and because of opposition from hardline elements within the Jihadis’ ranks.  It is now too late.  Kerry, the U.S., Al-Qaeda and Al-Qaeda’s regional backers have collectively missed the bus.

The fact that 1,217 Jihadis surrendered this morning moreover confirms that a mass surrender is indeed underway.

Meanwhile Fars reports that the Syrian military arrested four Al-Qaeda commanders this morning who were trying to escape from eastern Aleppo by hiding amongst the escaping civilians.  The fact that Al-Qaeda commanders are resorting to these desperate ploys provides final and conclusive confirmation that the collapse of the Al-Qaeda pocket in eastern Aleppo is underway.

I will now offer my own opinion that the Jihadi pocket will be totally gone by early next week and may not survive the weekend.

Source*

Related Topics:

Syrian Army Takes Control of 93% of Aleppo’s Territory*

Syrian Army Liberates Northern Part of Aleppo City, Delivers Devastating Blow to Terrorists*

Syrian Soldier Breaks Down In Tears Upon Reunification With His Family in Aleppo*

Russia and China Veto Phony Aleppo Ceasefire U.N. Security Council Resolution*

Syrian Catholics Denounce Western Media Biased Reporting on Aleppo*

Israelis Trafficking in Syrian Children’s Body Organs*

Syria Raps U.N.’s Security Council for Meeting in Support of Terrorists*

Syrian Army Regains Full Control Over Al-Tall City of 60,000 in Damascus*

Israel Launches 2 Rockets which Strike near Damascus*

Dallas Pension System Suspends Withdrawals*

Dallas Pension System Suspends Withdrawals*

By Tyler Durden

Two days after the Mayor of Dallas, Mike Rawlings, filed a lawsuit against the Dallas Police and Fire Pension system to block withdrawals, which he referred to as a “run on the bank” of an “insolvent” pension system in “financial crisis, the Pension’s board has finally taken steps to halt further withdrawals.  Of course, this delayed action has come only after $500 million in deposits have been withdrawn since just August.

According to the Dallas Daily News, an incremental $154mm in withdrawal requests were pending at the time the decision was made earlier today.

The Dallas Police and Fire Pension System’s Board of Trustees suspended lump-sum withdrawals from the pension fund Thursday, staving off a possible restraining order and stopping $154 million in withdrawal requests.

The system was set to pay out the weekly requests Friday. Pension officials said allowing the withdrawals would leave them without the liquid reserves required to sustain $2.1 billion fund.

“Our situation is currently critical, and we took action,” Board chairman Sam Friar said.

While Dallas citizens cheered the decision, even opponents of the Mayor’s admitted that the redemptions had to be halted if the city had any chance of saving the pension system from insolvency.

Rawlings on Thursday afternoon told a crowd gathered at a Dallas Regional Chamber that “the bleeding has stopped. We can turn this ship around.”

The crowd responded with cheers after the mayor’s announcement of the board’s decision.

At the pension board meeting, the mood was more sombre.

Council member Scott Griggs said he couldn’t let the $154 million “go out the door” on Friday.

His council colleague, Philip Kingston, a board trustee, said the mayor “unquestionably” forced the pension board’s hand. He said Thursday was “the worst day I’ve had in public office.”

“Unfortunately, financially, this had to happen,” he said.

The fund has about $729 million in liquid assets. It needs to keep about $600 million on hand, meaning the restrictions could have been coming at some point even without the mayor’s actions. The withdrawal requests this week alone would have meant the fund would dip below that level.

Of course, not everyone was happy with the decision as at least one retired police officer threatened a lawsuit to force the fund to honor redemption requests while another declared that Mayor Rawlings had “successfully screwed over the retirees, the firefighters and the police officers.”

One retired police sergeant, Pete Bailey, suggested a lawsuit could be in the offing if the system didn’t pay out the requests that were made Tuesday. Friar understood that they might deal with more litigation.

“We may just have to deal with that, but that’s what the board decides,” Friar said.

“We acted in the best interest of the pension fund today.”

Retired Dallas police officer Jerry Rhodes, a pension meeting fixture, said he believed the board did what it had to do. Then he sarcastically lauded Rawlings.

“Merry Christmas, mayor,” he said. “Hopefully you have a good Christmas because you have successfully screwed over the retirees, the firefighters and the police officers.”

Perhaps future ponzi schemes pension systems will take note of Dallas’ current situation prior to guaranteeing 8% returns on retirees’ pension balances.  Who could have ever guessed that a decision like that could have backfired so badly?

For those who missed it, here is what we recently posted after Mayor Rawlings sued to halt pension withdrawals.

Last week, Dallas Mayor Michael Rawlings sent a scathing letter to the Dallas Police and Fire Pension (DPFP) Board demanded that withdrawals be halted immediately until the “solvency and actuarial soundness of the Pension System is restored.”  That said, the Mayor’s request was seemingly ignored as he has now filed a lawsuit with the Dallas District Court to force the pension board to halt withdrawals amid a “run on the bank.”

Within the suit, Rawlings notes that $500 million in lump-sum withdrawals have been made from the DPFP since August 2016 with $80 million of that amount being withdrawn in the first 2 weeks of November alone.  The suit continues on to allege that “this mass exodus of DROP funds amounts to a “run on the bank” and is exacerbating the financial peril of the Pension System as a whole.”

In performing these ministerial duties, the Board has a duty to ensure that programs, such as the Pension System’s optional Deferred Retirement Option Plan (“DROP”), which is not a constitutionally protected benefit (or “benefit” at all), do not impair or reduce the Pension System’s core constitutionally protected benefits, e.g., service retirement benefits. The Board is willfully failing to perform these ministerial duties.

The Pension System, which the Board oversees, is in the midst of a financial crisis. In early 2016, the Board was warned by its own actuary that absent radical change, the Pension System would become insolvent within 15 years—irrevocably eradicating the constitutionally protected service retirement benefits (and other constitutionally protected benefits) of police and firefighter personnel of the City and their beneficiaries.

Critically, this 15-year projection of insolvency was based upon two overly optimistic assumptions that the Board has now known to be incorrect for several months. First, the actuary assumed that the Pension System’s $2.7 billion in assets would remain stable, even though approximately 56% of these assets were composed of optional DROP funds, which have historically been permitted to be withdrawn in lump-sums upon demand (even though this option was used infrequently before this year). Second, the actuary assumed that the Pension System would achieve its targeted 7.25% return or more on its investments for the next 15 years.

Publication of this looming insolvency scenario prompted some DROP Participants to withdraw their DROP funds in lump-sum, which created a “snowball”effect, leading a staggering number of other DROP Participants to withdraw nearly $500 million in optional lump-sum DROP funds from the Pension System from August 13, 2016 to present. Over $80 million of these lump-sum DROP withdrawals have occurred within the first two weeks of November 2016 alone. Over this three-month time period, the Board has knowingly allowed DROP funds to continue to be withdrawn at record levels even though it is aware that doing so is irreparably harming the Pension System’s solvency and liquidity.

Lump-sum DROP withdrawals for 2016 are now on pace to be over 15 times higher than their historical average. This mass exodus of DROP funds amounts to a “run on the bank” and is exacerbating the financial peril of the Pension System as a whole.

The DPFP controversy comes as hundreds of police and firefighters have poured millions into “DROP” accounts in which they were guaranteed exorbitant returns of 8% while the pension board has proposed a $1 billion bailout from the city of Dallas.

The city estimates that, as of November, 517 police and firefighters have DROP accounts containing more than $1 million. One, belonging to an unnamed first responder, has $4.3 million in it, city figures show. On average, the city estimates that the average DROP account contains nearly $600,000.

The controversy all comes at a time when the board has asked the cash-strapped city for a bailout over $1 billion. The board’s position is that they legally can’t stop the withdrawals, but the mayor disagrees.

Of course, this all begs the question of whether the Dallas Police and Fire Pension will be the first pension ponzi to burst?

Here is the full lawsuit filed by Dallas Mayor Michael Rawlings:

Source*

Related Topics:

U.S. Government Admits Social Security Going Bankrupt*

Not Only French Workers Protest Attacks on Pensions*

The U.S. is At the Centre Of The Global Economic Meltdown*

Syrian Army Takes Control of 93% of Aleppo’s Territory*

Syrian Army Takes Control of 93% of Aleppo’s Territory*

By Ivan Yakovlev

The Syrian army has gained control of 93% of Aleppo’s territory, with 52 neighborhoods in the eastern part of the city liberated, Head of the Main Operations Department at Russia’s General Staff, Lieutenant-General Sergei Rudskoi, said on Friday.

“The government forces and militia units continue the operation to liberate Aleppo’s eastern districts from terrorists,” he said.

“After a successful offensive, 52 neighborhoods in east Aleppo have been recaptured from militants. In the past four days alone, the area held by gunmen has decreased by one-third. The Syrian army now controls 93% of the city’s territory,” he said.

These results have been achieved by the Syrian army’s ground forces. Russian and Syrian aircraft have not been used in the Aleppo area since October 18, Rudskoi stressed.

“Dozens of tonnes of humanitarian aid are delivered to liberated districts daily, the social infrastructure is being restored, and people get medical assistance,” he added.

More than 1,000 militants have voluntarily left Syria’s Aleppo and most of them have been amnestied, Rudskoy said.

“In total, 1,096 militants have left Aleppo voluntarily, 953 of them have been amnestied,” Rudskoy said.

“The Syrian government is fully meeting commitments on returning participants of illegal armed groups to peaceful life,” he added.

The Russian Centre for Reconciliation of Opposing Parties will further help ensure security of the withdrawal of civilians and representatives of various NGOs from Aleppo’s areas seized by the militants, Rudskoy said.

Over the past 24 hours, more than 10,500 people, including over 4,000 children, have been taken from the Aleppo areas controlled by militants. Thirty militants in Aleppo agreed to lay down weapons and gave themselves up to Syrian troops.

Source*

Related Topics:

Russia and China Veto Phony Aleppo Ceasefire U.N. Security Council Resolution*

Syrian Army Liberates Northern Part of Aleppo City, Delivers Devastating Blow to Terrorists*

Syrian Soldier Breaks Down In Tears Upon Reunification With His Family in Aleppo*

Syrian Air Strikes on Turkish Military in Northern Aleppo*

Samples Confirm ‘Moderate’ Terrorists Used Chemicals in Southwest Aleppo*

Syrian Catholics Denounce Western Media Biased Reporting on Aleppo*

‘I would Rather be in Aleppo’ than in the U.K.*

U.K. – U.S. Responds to Aleppo Siege with More Sanctions against Syrian Civilians*

U.S. Air Force Accidentally Bombs own ‘Rebels’ in Aleppo*