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thinkahol *

Startling revelations from a Swiss banking insider | Dailycensored.com - 0 views

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    (interview with a Swiss banker  done in Mosсow 30.05.2011)  Q: Can you tell us something about your involvement in the Swiss banking business?A: I have worked for Swiss banks for many years. I was designated as one of the top directors of one of the biggest Swiss banks. During my work I was involved in the payment, in the direct payment in cash to a person who killed the president of a foreign country. I was in the meeting where it was decided to give this cash money to the killer. This gave me dramatic headaches and troubled my conscience. It was not the only case that was really bad but it was the worst. It was a payment instruction on order of a foreign secret service written by hand giving the order to pay a certain amount to a person who killed the top leader of a foreign country. And it was not the only case. We received several such hand written letters coming from foreign secret services giving the order to payout cash from secret accounts to fund revolutions or for the killing of people. I can confirm what John Perkins has written in his book "Confessions of an Economic Hit Man". There really exists just a system and Swiss banks are involved in such cases.
thinkahol *

FOCUS: Pay Your Taxes, Murdoch - 0 views

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    f you had only paid a 6% tax rate over a 4-year period, accumulated $7 billion in offshore profits not subject to US taxes, had over 150 accounts in tax-haven countries like the Cayman Islands and Bermuda, and used the money from your tax dodging to buy another company, you'd be wanted for tax evasion and money laundering. But for Rupert Murdoch's News Corp, that's business as usual.
thinkahol *

CAFR: US agencies have billions, trillions in investments while crying budget deficits - Los Angeles LA County Nonpartisan | Examiner.com - 0 views

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    What CAFRs reveal is a communist-style policy whereby the US taxpayers surrender enormous assets to the state, who then "invest" these collective trillions that swell in these accounts. Concurrently, taxpayers are informed of budget deficits to either squeeze more taxes from them and/or cut public services. To add insult to injury, the state lies in omission by never reminding Americans of their hard-earned and withheld trillions as they eliminate jobs, reduce education, and attack the quality of our lives.
thinkahol *

Is Great Depression II on the Horizon? - Blogcritics Culture - 0 views

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    A new study by Northwestern University economists, called The "Jobless and Wageless" Recovery from the Great Recession of 2007-2009," found that the economic recovery is highly uneven: corporate profits captured 88 percent of the growth in real national income while aggregate wages and salaries accounted for only slightly more than one percent. In other words, the average American worker has been left behind by the recovery, which officially began in June 2009. "The economic recovery through 2011 I has failed to create any net new jobs since the quarter marking the end of the recession in 2009 II
thinkahol *

CAFR: US agencies have billions, trillions in investments while crying budget deficits - Los Angeles LA County Nonpartisan | Examiner.com - 0 views

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    Gerald Klatt and Walter Burien are unrecognized heroes. These individuals are national leaders who have communicated how government agencies conceal American taxpayers' money in surplus accounts that collectively total trillions of our dollars. The data is found in government agencies' Comprehensive Annual Financial Reports (CAFRs).
Matthew Davis

Political Affairs Magazine - Afghanistan and the Lessons of Soviet Intervention - 0 views

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    A historian's account of the political memoirs of various soviet leaders on the "Afghanistan Trap" and their similarities to Obama's situation today.
The Ravine / Joseph Dunphy

Fade out on George W Bush by Pepe Escobar - 0 views

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    Don't necessarily agree with all of this, but one of many kissoffs to a president I won't miss, unless Obama manages to be even worse - and with January 20 being so close at hand when I first submitted this to my now invisible Ma.gnolia account, I felt the need to bookmark at least one. Found on Furl.
thinkahol *

Green Is the New Red -- Book Trailer on Vimeo - 0 views

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    Will Potter's new book, "Green Is the New Red: An Insider's Account of a Social Movement Under Siege," is available now from City Lights Books. To find out more and order, please visit greenisthenewred.com/​blog/​book.
thinkahol *

Robert Scheer: Obama's Fatal Addiction - Robert Scheer's Columns - Truthdig - 0 views

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    If it had been revealed that Jeffrey Immelt once hired an undocumented nanny, or defaulted on his mortgage, he would be forced to resign as head of President Barack Obama's "Council on Jobs and Competitiveness." But the fact that General Electric, where Immelt is CEO, didn't pay taxes on its $14.5 billion profit last year-and indeed is asking for a $3.2 billion tax rebate-has not produced a word of criticism from the president, who in January praised Immelt as a business leader who "understands what it takes for America to compete in the global economy." What it takes, evidently, is shifting profit and jobs abroad: As of last year only 134,000 of GE's total workforce of 304,000 was based in the U.S. and, according to The New York Times, for the past three years 82 percent of the company's profit was sheltered abroad. Thanks to changes in the tax law engineered when another avowedly pro-business Democrat, Bill Clinton, was president, U.S. multinational financial companies can avoid taxes on their international scams. And financial scams are what GE excelled in for decades, when GE Capital, its financial unit, which specialized in credit card, consumer loan and housing mortgage debt, accounted for most of GE's profits. That's right, GE, along with General Motors with its toxic GMAC financial unit, came to look more like an investment bank than a traditional industrial manufacturing giant that once propelled this economy and ultimately it ran into the same sort of difficulties as the Wall Street hustlers. As The New York Times' David Kocieniewski, who broke the GE profit story, put it: "Because its lending division, GE Capital, has provided more than half of the company's profit in some recent years, many Wall Street analysts view G.E. not as a manufacturer but as an unregulated lender that also makes dishwashers and M.R.I. machines." Maximizing corporate profits at the taxpayer's expense is what top CEOs are good at, and after all it
thinkahol *

The Xtremes: Subversive Recipes for Catastrophic Times | Common Dreams - 0 views

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    "In just a few short months, we've witnessed people power in action. From the Middle East to the Midwest, movements have risen up to overturn tired dogma and challenge entrenched power. Many of us were inspired by these events. And many of us were surprised. Perhaps we were growing skeptical that people power could still work. Maybe we had forgotten a vital fact about our world: that bold citizens, united around a common mission, can still come together to create major change against enormous odds." - 350.org (April 7, 2011) "Even when people are willing to take action in concert to redistribute the pie, whether by Gandhian mobilization or use of force, this may resonate falsely, for the pie is disintegrating. Its recipe and ingredients are obsolete. And freedom attained in harsh austerity, characterized by intense competition for food, will be doubtful or of little comfort." - Jan Lundberg ("Social Justice Activists Must Take Into Account Ecological, Cultural, and Economic Transformation")
thinkahol *

Rebecca MacKinnon: Let's take back the Internet! | Video on TED.com - 0 views

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    In this powerful talk from TEDGlobal, Rebecca MacKinnon describes the expanding struggle for freedom and control in cyberspace, and asks: How do we design the next phase of the Internet with accountability and freedom at its core, rather than control? She believes the internet is headed for a "Magna Carta" moment when citizens around the world demand that their governments protect free speech and their right to connection.
thinkahol *

Why is the Most Wasteful Government Agency Not Part of the Deficit Discussion? | Common Dreams - 0 views

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    In all the talk about the federal deficit, why is the single largest culprit left out of the conversation? Why is the one part of government that best epitomizes everything conservatives say they hate about government-- waste, incompetence, and corruption-all but exempt from conservative criticism? Of course, I'm talking about the Pentagon. Any serious battle plan to reduce the deficit must take on the Pentagon. In 2011 military spending accounted for more than 58 percent of all federal discretionary spending and even more if the interest on the federal debt that is related to military spending were added. In the last ten years we have spent more than $7.6 trillion on military and homeland security according to the National Priorities Project.
thinkahol *

Wonder how giant corporations evade paying billions in taxes? Here's the one video clip you need to see. « Progress League - 0 views

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    As the New York Times has detailed, "Some of the nation's largest corporations have amassed vast profits outside the country and are pressing Congress and the Obama administration for a tax break to bring the money home." Yet, across America, thousands of teachers are being laid off, programs to help feed needy children have been eliminated, and Medicare is under attack. It's time for us to fight back and tell Congress that corporations need to pay their fair share. The first step? Understanding the complex accounting tricks and loopholes giant corporations use to evade taxes. Here's the video that explains it all:
thinkahol *

Since 2009, 88 Percent Of Income Growth Went To Corporate Profits, Just One Percent Went To Wages | ThinkProgress - 0 views

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    "Between the second quarter of 2009 and the fourth quarter of 2010, real national income in the U.S. increased by $528 billion. Pre-tax corporate profits by themselves had increased by $464 billion while aggregate real wages and salaries rose by only $7 billion or only .1%. Over this six quarter period, corporate profits captured 88% of the growth in real national income while aggregate wages and salaries accounted for only slightly more than 1% of the growth in real national income. …The absence of any positive share of national income growth due to wages and salaries received by American workers during the current economic recovery is historically unprecedented."
Felix Gryffeth

Rush Limbaugh's pathetic Trump freakout tells you everything you need to know about modern conservatism - Salon.com - 0 views

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    "The truth is that Trump is a natural extension of Republican politics, set in motion long ago and amplified over the years. The presumptive GOP nominee represents a terrible amalgam of Fox News punditry and GOP extremism, both of which are inextricably bound to the party establishment - regardless of how hastily Limbaugh and others try to distance themselves from accountability for it."
sunitanaik

What are some unique and interesting facts about Narendra Modi? - 0 views

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    Narendra Modi, who is the fourteenth and present prime minister of India, decided to demonetize those notes for freeing India from black money and corruption.
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    Narendra Modi is the first politician to use social media for propagating his election campaign. He is the regular user of social media. He keeps in touch constantly with the people by using the accounts of social media.
Arabica Robusta

West 86th - The Administration of Things: A Genealogy - 0 views

  • “If men never disagreed about the ends of life, if our ancestors had remained undisturbed in the Garden of Eden, the studies to which the Chichele Chair of Social and Political Theory is dedicated could scarcely have been conceived,” Isaiah Berlin told his audience at Oxford when he assumed that position in 1958. Philosophy was at its best when it was being contentious, especially when it was being contentious about the meaning and purpose of our common existence. Too much agreement was an abdication of its ethical responsibility
  • The task of philosophy was not to settle disputes, but to unsettle them, to encourage them, to keep them going. For it was only through disputation that we could resist the rule of experts and machines, the bureaucratic-technocratic society foretold by Saint-Simon and championed by Marx and Engels, a society in which we replace the “government of persons by the administration of things.”
  • Louis de Bonald pointed to the hard choices that the state would have to make. “In the modern state, we have perfected the administration of things at the expense of the administration of men, and we are far more preoccupied with the material than the moral,” he wrote. “Few governments nurture religion or morality with the same attention that they promote commerce, open communications, keep track of accounts, provide the people with pleasures, etc.” 12
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  • All history, Comte argued, is a history of class struggle. Not the struggle between master and slave, lord and serf, bourgeois and proletarian—that was still a couple decades away—but the struggle between two classes of phenomena: “critical” phenomena that contributed to moral and political decay and “organic” phenomena that promoted individual and social regeneration.
  • The objective was to protect against arbitrariness in all of its manifestation. Earlier political thinkers had tended to associate arbitrariness mainly with absolutist governments, but for Comte any form of government was susceptible so long as it rested on “metaphysical” rather than “positive” principles.
  • Engels believed that the obsession with detail that had characterized utopian socialism—its compulsion to work out every last aspect of future social organization—is precisely what made it so utopian.
  • When, at last, it becomes the real representative of the whole of society, it renders itself unnecessary. As soon as there is no longer any social class to be held in subjection; as soon as class rule, and the individual struggle for existence based upon our present anarchy in production, with the collisions and excesses arising from these, are removed, nothing more remains to be repressed, and a special repressive force, a State, is no longer necessary.
  • “I think it was Trotsky who used a very plain but very telling metaphor,” the historian Isaac Deutscher told graduate students in a seminar on bureaucracy at the London School of Economics in 1960. “The policeman can use his baton either for regulating traffic or for dispersing a demonstration of strikers or unemployed. In this one sentence is summed up the classical distinction between administration of things and administration of men.”
  • Our hasty genealogy of the “administration of things” must conclude with its latest, and quite possibly last, iteration: Bruno Latour’s “Parliament of Things,” or Dingpolitik. Initially proposed in his book We Have Never Been Modern (1991), then extended in a massive exhibition and accompanying catalog, Making Things Public (2005), Latour’s program has attracted a growing number of partisans in the world of political theory
Bakari Chavanu

Five Economic Reforms Millennials Should Be Fighting For | Politics News | Rolling Stone - 0 views

  • Some economists have proposed running a job guarantee through the non-profit sector, which would make it even easier to suit the job to the worker. Imagine a world where people could contribute the skills that inspire them – teaching, tutoring, urban farming, cleaning up the environment, painting murals – rather than telemarketing or whatever other stupid tasks bosses need done to supplement their millions. Sounds nice, doesn't it?
    • Bakari Chavanu
       
      Jeremey Rifkin's The End of Work proposes this idea.
  • What if people didn't have to work to survive? Enter the jaw-droppingly simple idea of a universal basic income, in which the government would just add a sum sufficient for subsistence to everyone's bank account every month. A proposal along these lines has been gaining traction in Switzerland, and it's starting to get a lot of attention here, too.
  • A universal basic income would address this epidemic at the root and provide everyone, in the words of Duke professor Kathi Weeks, "time to cultivate new needs for pleasures, activities, senses, passions, affects, and socialities that exceed the options of working and saving, producing and accumulating."
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  • Ever noticed how much landlords blow? They don't really do anything to earn their money. They just claim ownership of buildings and charge people who actually work for a living the majority of our incomes for the privilege of staying in boxes that these owners often didn't build and rarely if ever improve.
  • In a few years, my landlord will probably sell my building to another landlord and make off with the appreciated value of the land s/he also claims to own – which won't even get taxed, as long as s/he ploughs it right back into more real estate.
  •  Municipalities themselves can be big-time landowners, and groups can even create large-scale community land trusts so that the land is held in common. In any case, we have to stop letting rich people pretend they privately own what nature provided everyone.
  • Hoarders blow. Take, for instance, the infamous one percent, whose ownership of the capital stock of this country leads to such horrific inequality. "Capital stock" refers to two things here: the buildings and equipment that workers use to produce goods and services, and the stocks and bonds that represent ownership over the former. The top 10 percent's ownership of the means of production is represented by the fact that they control 80 percent of all financial assets.
    • Bakari Chavanu
       
      Defines capital stock
  • You know what else really blows? Wall Street. The whole point of a finance sector is supposed to be collecting the surplus that the whole economy has worked to produce, and channeling that surplus wealth toward its most socially valuable uses. It is difficult to overstate how completely awful our finance sector has been at accomplishing that basic goal. Let's try to change that by allowing state governments into the banking game.
  • There is only one state that currently has a public option for banking: North Dakota.
  • When North Dakotans pay state taxes, the money gets deposited in the state's bank, which in turn offers cheap loans to farmers, students and businesses. The Bank of North Dakota doesn't make seedy, destined-to-default loans, slice them up inscrutably and sell them on a secondary market.
Levy Rivers

Obama's Business Backers Look Ahead - BusinessWeek.com- msnbc.com - 0 views

  • In addition to Logan, they include Valerie Jarrett, CEO of real estate management firm The Habitat Co. and now co-head of Obama's transition team; Jim Reynolds, CEO of investment bank Loop Capital Markets; John Rogers, CEO of mutual fund icon Ariel Investments; Quintin Primo III, CEO of commercial real estate development company Capri Capital Partners; and Frank Clark, CEO of electrical utility Commonwealth Edison.
  • Later, during his second year in the U.S. Senate, Obama called Clark, among others, to discuss whether it made sense for him to mount a bid for the Presidency. Clark, 62, is one of Chicago's elder statesmen and chief of ComEd, a subsidiary of energy giant Exelon (EXC) and the largest electric utility in Illinois, serving nearly 4 million customers in Chicago and Northern Illinois. He didn't mince words: "Your window of opportunity is now," Clark recalls saying. "Go do it."
  • "Our generation has been limited in terms of how far we can dream," Logan said on Tuesday night just minutes before Obama took the stage. The son of two teachers who worked on Chicago's South Side, Logan majored in accounting and economics at Florida A&M University, a predominantly black college, and later earned an MBA in finance from the University of Chicago. "We've too often been under the impression that we can only serve our own. We've had constraints applied to what we can achieve."
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