A medical marijuana dispensary in Denver has decided to get creative and make the business into a full-service restaurant that caters to those who need to use medicinal marijuana to ease physical ailments.

The owner of Ganja Gourmet located at 1810 South Broadway Avenue said the restaurant will “aim to help distribute medicinal marijuana to those licensed to have it and provide an atmosphere where patients can visit with one another in a safe environment.” Read the full story

Cash from organized crime ‘rescued’ banks during crisis: UN official

The vast majority of an estimated $352 billion in proceeds of organized crime, mostly from the drug trade, was funneled through the global banking system during the financial crisis of the past two years, and in some cases, the money rescued banks from collapse, says the head of the UN Office on Drugs and Crime.

Antonio Maria Costa told the UK Observer that intelligence agencies and prosecutors alerted him 18 months ago to evidence that drug money was being “absorbed into the financial system.”

“In many instances, the money from drugs was the only liquid investment capital,” Costa said. “In the second half of 2008, liquidity was the banking system’s main problem and hence liquid capital became an important factor.”

The Observer reports:

Some of the evidence put before his office indicated that gang money was used to save some banks from collapse when lending seized up, [Costa] said.

“Inter-bank loans were funded by money that originated from the drugs trade and other illegal activities… There were signs that some banks were rescued that way.” Costa declined to identify countries or banks that may have received any drugs money, saying that would be inappropriate because his office is supposed to address the problem, not apportion blame. But he said the money is now a part of the official system and had been effectively laundered.

Gangs are now believed to make most of their profits from the drugs trade and are estimated to be worth £352bn, the UN says. They have traditionally kept proceeds in cash or moved it offshore to hide it from the authorities. It is understood that evidence that drug money has flowed into banks came from officials in Britain, Switzerland, Italy and the US.

Read the complete Observer article here.

Costa has been head of the UN’s drug and crime office since 2002, and is known for his tough stance on illicit drugs, including marijuana. He recently warned that Africa is becoming a major drug hub, following an investigation into the crash of a Boeing 727 in Mali that had flown in from Venezuela carrying 10 tons of cocaine.

ARTICLE FROM The Observer:

Drug money saved banks in global crisis, claims UN advisor

Drugs and crime chief says $352bn in criminal proceeds was effectively laundered by financial institutions

Drugs money worth billions of dollars kept the financial system afloat at the height of the global crisis, the United Nations‘ drugs and crime tsar has told the Observer.

Antonio Maria Costa, head of the UN Office on Drugs and Crime, said he has seen evidence that the proceeds of organised crime were “the only liquid investment capital” available to some banks on the brink of collapse last year. He said that a majority of the $352bn (£216bn) of drugs profits was absorbed into the economic system as a result.

This will raise questions about crime’s influence on the economic system at times of crisis. It will also prompt further examination of the banking sector as world leaders, including Barack Obama and Gordon Brown, call for new International Monetary Fund regulations. Speaking from his office in Vienna, Costa said evidence that illegal money was being absorbed into the financial system was first drawn to his attention by intelligence agencies and prosecutors around 18 months ago. “In many instances, the money from drugs was the only liquid investment capital. In the second half of 2008, liquidity was the banking system’s main problem and hence liquid capital became an important factor,” he said.

Some of the evidence put before his office indicated that gang money was used to save some banks from collapse when lending seized up, he said.

“Inter-bank loans were funded by money that originated from the drugs trade and other illegal activities… There were signs that some banks were rescued that way.” Costa declined to identify countries or banks that may have received any drugs money, saying that would be inappropriate because his office is supposed to address the problem, not apportion blame. But he said the money is now a part of the official system and had been effectively laundered.

“That was the moment [last year] when the system was basically paralysed because of the unwillingness of banks to lend money to one another. The progressive liquidisation to the system and the progressive improvement by some banks of their share values [has meant that] the problem [of illegal money] has become much less serious than it was,” he said.

The IMF estimated that large US and European banks lost more than $1tn on toxic assets and from bad loans from January 2007 to September 2009 and more than 200 mortgage lenders went bankrupt. Many major institutions either failed, were acquired under duress, or were subject to government takeover.

Gangs are now believed to make most of their profits from the drugs trade and are estimated to be worth £352bn, the UN says. They have traditionally kept proceeds in cash or moved it offshore to hide it from the authorities. It is understood that evidence that drug money has flowed into banks came from officials in Britain, Switzerland, Italy and the US.

British bankers would want to see any evidence that Costa has to back his claims. A British Bankers’ Association spokesman said: “We have not been party to any regulatory dialogue that would support a theory of this kind. There was clearly a lack of liquidity in the system and to a large degree this was filled by the intervention of central banks.”

Using sophisticated smuggling networks, the traffickers have transported a portion of the pilfered petroleum across the border to sell to U.S. companies, some of which knew that it was stolen, according to court documents and interviews with American officials involved in an expanding investigation of oil services firms in Texas.

The widespread theft of Mexico’s most vital national resource by criminal organizations represents a costly new front in President Felipe Calderón’s war against the drug cartels, and it shows how the traffickers are rapidly evolving from traditional narcotics smuggling to activities as diverse as oil theft, transport and sales. Read the full story

The Los Angeles City Council on Wednesday delayed a vote on a much-anticipated medical marijuana ordinance, asking planning officials to return next week with information on how many dispensaries could be closed because they are near homes, schools and public gathering sites.

Council members indicated a vote could come in January on the draft ordinance, which would provide guidelines to greatly reduce the number of marijuana storefronts and push them out of neighborhoods and into industrial areas. The City Council agreed Tuesday to limit the number of dispensaries to 70. Read the full story

A blog post from a Google executive on Saturday morning dropped hints that the company would release a Google Android phone of its own.

In the post, Mario Queiroz, a Google vice president of product management, said the company had developed a “mobile lab” device that “combines innovative hardware from a partner with software that runs on Android.” According to Queiroz, Google has distributed the device to Google employees worldwide so that they could test the new technology and help improve it. Read the full story

Malaysian firm buys social network pioneer Friendster

Read the full story

When choosing between a degree and going to work, paying rent, buying groceries or supporting family members, many students are forced to drop out, said Jean Johnson of Public Agenda, a nonpartisan public policy research firm that conducted a telephone survey of more than 600 people ages 22 to 30 for the report.

The research reflects a “very, very different reality” than the common image most people have of college as “a place where a young person goes and they become an adult,” Johnson said. “So many of them are already assuming adult responsibilities.” Read the full story

via http://www.disinfo.com/

WASHINGTON — The Obama administration plans to announce a new policy on Wednesday to curb the spread of biological weapons, but it will reaffirm the Bush administration’s opposition to an international regimen for verifying stockpiles of anthrax, smallpox and other agents.

The policy, to be disclosed in a speech in Geneva by the undersecretary of state for arms control and international security, Ellen O. Tauscher, will focus on increasing health security to reduce the impact of outbreaks of infectious disease, whether natural or man-made, administration officials said Tuesday. Read the full story

Soft drink brand Gatorade says it is to drop a Tiger Woods-endorsed product but said it was not related to revelations about the golfer’s private life.

PepsiCo-owned Gatorade said the decision to axe the Tiger Focus drink was made a few months ago.

Since the 14-times major winner crashed his car on 27 November, many women have claimed to have had affairs with Woods. Read the full story

Google search is getting eyes and ears, moving beyond typed key words to let people scour the Internet with mobile telephone cameras or spoken words in multiple languages.

Google on Monday unveiled “Goggles” software that lets people search online using pictures taken with cameras in mobile phones based on its Android operating system. Read the full story

Google hopes to turn the river into a canal

Before too long, expect to find anything that anyone puts on the Internet on Google within seconds: with luck, it might even be useful.

Real-time search has come to Google. The company has been hinting at this day for several months, most recently when it announced a deal to access Twitter’s “firehose” of data. But it presented its vision for real-time search before the media Monday at the Computer History Museum, claiming to have made a little history on its own.

Over the next few days, Google users will start to notice a box called “Latest results” on the main search results page for a topic that’s guaranteed to produce results. Google used “Obama” as its example, and searches for that query place a new box that automatically scrolls through recent “real-time” results associated with that topic from sources like Twitter, FriendFeed, and Google News, as well as new Web pages–such as this story–as they are created.

The concept is hot in the search world: Microsoft’s Bing also displays updates from Twitter and various blogs, although those results are not integrated with the main page. And Yahoo has also signed up with a company called OneRiot to throw its hat into the real-time search wars.

What’s less clear, however, is how useful this technology will be unless Google and others working on the problem can bring the same degree of relevance and trust to real-time results that it brings to regular search results. Google News can already confuse the casual user who wonders how and why those particular headlines were singled out, so how will relevancy work when a stream of news can knock a particularly authoritative result off your screen in seconds?

“It’s a very hard problem. Language understanding is still an unsolved problem,” said Amit Singhal, a Google Fellow and one of the key players in developing this product. “Not only do we have to understand what someone is saying, but we have to get to the deeper semantics of what is indeed true. We have to work through many issues. Truth ends up being a rather vague notion.”

In a way, this challenge is right up Google’s alley. The company is obsessed with speed when it comes to presenting results, agonizing over whether design changes that add tenths of seconds to page-loading times are worth the effort.

And now that seemingly everyone has a blog, a microblog, a social-networking profile, and commenting identity (or 29), new content on the Internet is being generated at an astounding pace. Google used to think it would be able to index all the world’s information in about 300 years, but CEO Eric Schmidt told CNET in November that one of Google’s greatest challenges in the decades ahead will be staying abreast of the explosion in content enabled by social media.

That’s why it’s a bit surprising that Google, the world’s leading search engine by a wide margin, hasn’t necessarily been a leader in this area. Marissa Mayer, vice president of search and user experience at Google, admitted Monday the company could have moved more quickly to organize the vast amount of data produced by services such as Twitter. Anyone who has tried to use Twitter Search knows that real-time search at the moment is like the regular Internet was 10 years ago: a blast of information that’s impressive in its scope but overwhelming in its usefulness.

But what Google is trying to do is leapfrog the notion of Twitter as the vanguard of the real-time content explosion. Twitter is undeniably hot at the moment, but new Web pages are generated constantly, especially as traditional media companies move online. One need only to think back to this summer when news reports of Michael Jackson’s death sent millions online looking for confirmation, staggering services such as Google and Twitter under that load.

Google said it plans to display all kinds of Internet content in its “Latest news” box. Google didn’t pay Twitter an undisclosed amount of money for access to its feed for no reason, however; the speed at which real-time content is generated can be harnessed much easier if search providers such as Google have that information pushed to them, rather than having to pull it out of the Web itself.

That raises the question of just how Google will index and rank real-time results. The company needs to develop the real-time equivalent of PageRank, which evaluates Web pages by the number of other pages that are linking to that page. That’s something Google “is beginning to experiment with,” Mayer said in a question-and-answer session following Google’s presentation.

There’s definitely some way to do that, but it certainly is not a simple problem. Someone with 15,000 Twitter followers is not necessarily as authoritative in one area as they are in another, and Google will have to figure out some way to evaluate this information to make it truly useful.

Until then, however, news junkies can entertain themselves watching the Latest results section spin with updates on Tiger Woods’ latest paramour or the glacial progress of Congress’ attempt to pass health-care reform legislation.

In a roughly 10-second period Monday afternoon on Google’s Trends page, where it is testing out the real-time service, the feed for “Pearl Harbor Day”–the second most popular trend on the Internet Monday behind the aforementioned Tiger Woods–produced a tweet about a Pearl Harbor Day poem, a news story on people who were in Pearl Harbor on December 7, 1941, and a gentleman celebrating Ruby Diner’s 27th anniversary with a $2.70 Rubyburger. (He also happened to note in his tweet that it was Pearl Harbor Day.)

(SEE MORE AT THE ORIGINAL SOURCE BY CLICKING HERE)

Citigroup Said to Push for Bailout-Payback Agreement This Week

By Bradley Keoun Read the full story

In September, ladymag Marieclaire ruffled some feathers when it published a piece about women who smoke weed. But its most interesting effect was not the “marijuana moms” chatter it unleashed, and instead the fact that it brought to the mainstream media a more open discussion of the fact that women can be avid tokers, too.

Public acceptance of pot is at an all-time high, and the fact that women have drastically changed their attitudes may be what is most fascinating about the sea change in public opinion — and policy — regarding marijuana. In 2005, only 32 percent of polled women told Gallup they approved legalizing pot, but this year 44 percent of them were for it, compared to 45 percent of men. In effect, women have narrowed what had been a 12-point gender gap. Read the full story

ENGLEWOOD CLIFFS, N.J. – All canned Slim Fast drinks are being voluntarily recalled by the company over fears of bacterial contamination that could cause diarrhea, nausea and vomiting. The recall affects all 10 million products currently on the market.

The products could possibly be contaminated with the microorganism Bacillus cereus. Unilever says the probability of serious health problems is remote, and the Food and Drug Administration says there have been no deaths or injuries associated with the recall.

An unknown number of people have gotten sick about six to 15 hours after consuming the diet drink, but have recovered within about 24 hours. Read the full story

WASHINGTON — A third of the most popular children’s toys in the United States this year contain harmful chemicals including lead, cadmium, arsenic and mercury, a US consumer group said Wednesday.

The Ecology Center, which published its findings on the website HealthyStuff.org, tested nearly 700 toys ahead of the Christmas shopping season and found that 32 percent contained one or more toxic chemical. Read the full story

Last month, the Swedish ISP Portlane was sued by several Hollywood movie studios for hosting OpenBitTorrent, claiming that the tracker is a re-branded copy of one previously operated by The Pirate Bay. Now the Stockholm District Court has rejected calls to order the shutdown of the tracker.

Earlier this year a new BitTorrent tracker was launched. Due to its public nature, OpenBitTorrent (OBT) was seen by some as a possible replacement for The Pirate Bay tracker, which has recently closed down for good. Read the full story

Authorities are searching for three men suspected of robbing a bank in Fort Bend County earlier this week.

The robbery occurred at the Chase Bank branch in the 17200 block of FM 1093 about 11:15 a.m. Tuesday.

Two suspects entered the bank brandishing handguns. One of them leaped over the counter, took a worker’s cellular phone and demanded money, authorities said. The worker handed over an undisclosed amount of cash. Read the full story

SINGAPORE (Reuters) – India is open to buying more gold from the International Monetary Fund following its purchase of 200 tonnes earlier this month, the Financial Chronicle newspaper said on Wednesday, helping to drive gold prices to an all-time high.

But India’s central bank governor, Duvvuri Subbarao, declined to comment on whether the bank would buy more gold from overseas, however. Read the full story