Ever since Amazon came to dominate internet retailing; there has been a mantra that profits are irrelevant (in the short to medium term) if you can rapidly gain market share. In certain sectors with massive addressable markets, this may be true, but how many billion-dollar dog-walking apps does the world need? How many supposedly ‘disruptive’ industries are simply taking a current industry, adding a bit of marketing flair, maybe an app to the front end and then massively subsidizing users to gain market share, generating explosive revenue growth along the way. If you give a product away for dramatically less than your cost, of course people will migrate to your product.Read More
Journalist Andre Vltchek tours Syria in the aftermath of its bloody war to seek the source of resilience that allowed Syrians to endure. Syria is standing. That’s what really matters. It never fell on its knees. And it never will. We will not allow it to fall. And damned be imperialism!Read More
This moment in history marks the end of a long, sad tale of greed and murder by the white races. It is inevitable that for the final show we vomited a grotesque figure like Trump. Europeans and Americans have spent five centuries conquering, plundering, exploiting and polluting the earth in the name of human progress. They used their technological superiority to create the most efficient killing machines on the planet, directed against anyone and anything, especially indigenous cultures, that stood in their way. They stole and hoarded the planet’s wealth and resources. They believed that this orgy of blood and gold would never end, and they still believe it. They do not understand that the dark ethic of ceaseless capitalist and imperialist expansion is dooming the exploiters as well as the exploited.Read More
This is the moment to be proud as French people. Proud for your resistance, proud for your strength and courage in facing tyranny and oppression who try to take your liberté and egalité away. Proud for your relentless fight for egalité, liberté and fraternité. Traverse la rue, prends ton pays! My phrase which means “Cross the Street and Take Your Country Back!”, as my support to the Yellow Vests and French people, also my support to the students’ protests all over France and Mantes la Jolie.
As the Yellow Vests movement spilled to other European countries such as Belgium, Germany, Italy, Netherlands, etc France has became a leader in fighting for human rights, freedom and equality. One thing for sure is that France remembers and learned from its history. If this Yellow Vests Movement inspires other movements all over the world for freedom and equality, France can become once again the world’s leader in terms of Revolution in history. Vive la Révolution!
More significantly, the French have provided the rest of the world with an important lesson. That protest movements should ideally tap into widespread grievances and capture the support of the masses in order to be most powerful and effective. This shouldn’t be hard for anyone, since I can’t think of any major governments anywhere in the world that aren’t completely captured by destructive special interests and unprincipled oligarchs.Read More
Glass-Steagall Act, signed into law as the U.S.A. Banking Act of 1933, the legislation had been crucial to safeguarding the financial industry in the wake of the Great Depression. But with its repeal in 1999, the barriers separating commercial and investment banking collapsed, creating the preconditions for an economic crisis from whose shadow we have yet to emerge. Carmen Segarra, a Wall Street whistleblower in her book “Noncompliant: A Lone Whistleblower Exposes the Giants of Wall Street” described the deep corruption in our banking and financial system and how the powerful rewards bad behaviours.Read More
The gasoline tax was the last straw in a long series of measures favoring the rich at the expense of the majority of the population. That is why the movement achieved almost instant popularity and support.
Briefly, the message was this: we can’t make ends meet. The cost of living keeps going up, and our incomes keep going down. We just can’t take it any more. The government must stop, think and change course.
It is perfectly hypocritical to call the French gas tax an “ecotax” since the returns from a genuine ecotax would be invested to develop clean energies – such as tidal power plants. Rather, the benefits are earmarked to balance the budget, that is, to serve the government debt. The Macronian gas tax is just another austerity measure – along with cutting back public services.
Especially at state funerals, media and politicians pretend that US presidents are honorable men, instead of the mass murderers that all of them become in office.Read More
Though the CIA report in 2000 contained the first official admission of a relationship with Contreras, it shed no light on the actions of Bush and his deputy, Walters, in the days before and after the Letelier assassination. It also offered no explanation why Bush’s CIA planted false information in the American press clearing Chile’s military dictatorship.
While providing the 21-page summary on its relationship with Chile’s military dictatorship, the CIA refused to release documents from a quarter century earlier on the grounds that the disclosures might jeopardize the CIA’s “sources and methods.” The refusal came in the face of President Bill Clinton’s specific order to release as much information as possible.
“Just say thank you, please,” former President Obama told a room full of bankers, and boasted of making the US the world’s largest oil producer at an opulent gala with James Baker.
At this sumptuous black-tie gala, Obama talked the 1,100 elite guests into raising a staggering $5.4 million, in just one night (at an average donation of nearly $5,000), for Rice University’s centrist, pro-corporate Baker Institute for Public Policy, the honorary chair of which is James Baker.
Baker quipped that Obama would be getting paid 10 percent of the $5.4 million in donations. It is unclear how much Obama raked in for this specific speech, but given the $400,000 fees the ex-president has charged Wall Street firms to speak since leaving the White House, Baker’s joke might not have been far off.
The self-serving cover stories always tout the nobility of the elite issuing the PR: we in the Federal Reserve saved civilization by saving the Too Big To Fail Banks (barf); we in the corporate media do investigative reporting without bias (barf); we in central government only lie to protect you from unpleasant realities–it’s for your own good (barf); we in the NSA, CIA and FBI only lie because it’s our job to lie, and so on.
Three recent essays speak to the degradation of data and factual records in favor of self-serving cover stories and corrosive political correctness.
US backed terrorists located near Leramoon and Kafer Hamran in Northern Aleppo launched the chemical attack which injured over 100. The gas shells were delivered by an aid convoy from Turkey under the control of the White Helmets, an alleged first responder NGO funded by the CIA and MI6.Read More
It has little to do with any Shi’ite versus Wahhabite Sunni conflict. Rather it has to do with strategic control of world energy. So long as Saana was in control of a Saudi proxy, whether Saleh or then Hadi, it was a secondary priority for Washington. The oil was “safe,” even if the Yemen government had expropriated the US company oil properties. Once a determined independent Houthi Zaidi force was in control of Yemen or a major part, the threat became serious enough to give the eager new Saudi Defense Minister Prince Mohammed bin Salman the green light to begin the war. That Houthi-controlled Yemen would be potential client for Russian or Chinese oil companies to open up serious exploration of the potentials. That combined with the fact that the Houthi also had friendly relations with Iran clearly set off red lights in the Obama Administration.
There is far more at stake in Yemen than we are being told.
In what appears to be the latest in a string of financial crimes and scandals that have generated some $18 billion in fines since the financial crisis, prosecutors are investigating whether two employees in the bank’s wealth management division helped clients set up accounts in offshore tax havens, including the British Virgin Islands, and possibly allowed criminals to move money through these shelters, some of which may have flowed through accounts at the bank (other employees may also have been involved, prosecutors said).
According to the Financial Times the illicit transactions that two DB wealth management employees neglected to flag in 2016 alone stood at €311 million ($353 million), but people familiar with the case is almost certainly much larger, given that the suspicious activity continued for five years.
From the LIBOR-rigging scandal to the offshore secrets of the Panama Papersand ‘dark money’ in the Brexit vote, it is everywhere. In my recent work with anti-corruption group Global Witness, I saw first-hand how ordinary people in some of the world’s poorest countries suffer the consequences of corruption and financial crime. We exposed suspicious mining and oil deals in Central Africa, in which over a billion dollars of desperately-needed public finances were lost offshore. The story is about the West as much as Africa. The deals were routed through a dizzying web of offshore shell companies in the British Virgin Islands, often linked to listed companies in London, Toronto and elsewhere.
For Strange, money laundering, tax evasion and public embezzlement were a result of the collapse in the 1970s of the post-war financial order.