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Paul Merrell

Turnbull: Potential for China to join TPP after US exit | Australia News | Al Jazeera - 0 views

  • Australia and New Zealand have said they hope to salvage the Trans-Pacific Partnership (TPP) by encouraging China and other Asian countries to sign up, after President Donald Trump formally pulled the US out of the huge trade deal. The agreement, the biggest trade deal in history, was signed in 2015 by 12 countries, which together account for 40 percent of the global economy.
  • Malcolm Turnbull, Australia's prime minister, said on Tuesday his government was in "active discussions" with other signatories - including Japan, New Zealand and Singapore - on how to salvage the agreement. "It is possible that US policy could change over time on this, as it has done on other trade deals," Turnbull told reporters in Canberra, adding that the nominee for US Secretary of State Rex Tillerson and other Republicans supported the TPP. "There is also the opportunity for the TPP to proceed without the United States," he added. "Certainly there is the potential for China to join the TPP." The agreement, which has not yet gone into effect, was seen as a counter to China's rising economic influence. 
Paul Merrell

Australia, UK, US all complicit in Indonesian 1965 massacres, international judges say ... - 0 views

  • A non-binding international tribunal at The Hague has found Australia, the United Kingdom and the United States were complicit in facilitating the 1965 mass killings in Indonesia.
  • An estimated half a million people perished in what was one of the worst massacres of the 20th Century. The killings were triggered by a failed coup that led to the deaths of six army generals, followed by the mass targeting of communists.The International People's Tribunal at The Hague has now ruled that Indonesia committed crimes against humanity, but the finding is non-binding and carries no legal weight.The judges found allegations of "cruel and unspeakable murders" and the "unjustifiable imprisonment of hundreds of thousands of people without trial" was well founded."It has also been demonstrated that sexual violence, particularly against women, was systematic and routine, especially during the period 1965 to 1967," the report said.The judges found Indonesia responsible for the crimes and called for the current administration to apologise and to institute investigations and prosecutions of those perpetrators who are still alive."Furthermore, the archives should be opened and the real truth on these crimes against humanity should be established," the judges said.The tribunal's report found Australia, the US and the UK complicit by using propaganda to manipulate international opinion in favour of the Indonesian army.
  • The report said Australia and the UK, " … shared the US aim of seeking to bring about the overthrow of president Sukarno.""They continued with this policy even after it had become abundantly clear that killings were taking place on a mass and indiscriminate basis. On balance, this appears to justify the charge of complicity," the report said.The report detailed horrifying details of rape and torture, including accused communists being forced to drink soldiers' urine, while in other cases victims' ears were cut off and they were forced to consume them.According to the report, other acts of torture included, burning body parts, electric shocks, water torture, pulling out of fingernails and tying victims inside a sack with snakes.
Paul Merrell

John Pilger - The Forgotten Coup - How the Godfather Rules from Canberra to Kiev - 0 views

  • Washington's role in the fascist putsch against an elected government in Ukraine will surprise only those who watch the news and ignore the historical record. Since 1945, dozens of governments, many of them democracies, have met a similar fate, usually with bloodshed. Nicaragua is one of the poorest countries on earth with fewer people than Wales, yet under the reformist Sandinistas in the 1980s it was regarded in Washington as a "strategic threat". The logic was simple; if the weakest slipped the leash, setting an example, who else would try their luck? The great game of dominance offers no immunity for even the most loyal US "ally". This is demonstrated by perhaps the least known of Washington's coups - in Australia. The story of this forgotten coup is a salutary lesson for those governments that believe a "Ukraine" or a "Chile" could never happen to them.
Paul Merrell

BBC News - Australia sites hacked amid spying row with Indonesia - 0 views

  • A member of Anonymous Indonesia said the group carried out the cyber attacks Continue reading the main story Spy leaks How intelligence is gathered History of spying NSA secrets failure 'Five eyes' club Hackers have attacked the websites of the Australian police and Reserve Bank amid an ongoing row over reports Canberra spied on Jakarta officials. The row has heightened diplomatic tensions between the allies and sparked protests in Indonesia. Indonesia has suspended military co-operation with Australia and recalled its ambassador over the allegations. A top Australian adviser has also come under fire for several tweets critical of Indonesia's handling of the row. Reports of the spying allegations came out in Australian media from documents leaked by whistleblower Edward Snowden.
  • The leaked documents showed that Australian spy agencies named Indonesian President Susilo Bambang Yudhoyono, the first lady, the vice-president and other senior ministers as targets for telephone monitoring, Australian media said. The alleged spying took place in 2009, under the previous Australian government. "It is not possible that we can continue our co-operation when we are still uncertain that there is no spying towards us," Mr Yudhoyono said on Wednesday. He added he would also write to Australian Prime Minister Tony Abbott to seek an official explanation over spying allegations. Mr Abbot has said he regretted the embarrassment the media reports have caused. However, he also said that he does not believe Australia "should be expected to apologise for reasonable intelligence-gathering operations"
  • The Australian Federal Police (AFP) and Australia's Reserve Bank confirmed that their sites were victims of a cyber attack on Wednesday night.
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  • The Reserve Bank also said its website was "the subject of a denial of service attack". "The bank has protections for its website, so the bank website remains secure," a spokesman added. Australian media identified a Twitter user who described herself as a member of Anonymous Indonesia and appeared to claim responsibility for the attack. The user wrote: "I am ready for this war!" and said she would conduct further attacks unless there was an apology from the Australian government for the alleged spying. Twitter outburst
  • Meanwhile, Mark Textor, a campaign strategist who advised Australian Prime Minister Tony Abbott's Liberal Party came under fire for a series of provocative tweets that criticised Indonesia's handling of the spying row. Mr Textor wrote in a Twitter post: "Apology demanded from Australia by a bloke who looks like a 1970's Pilipino [sic] porn star and has ethics to match". The tweet has since been deleted. Australian media widely reported that he was referring to Indonesian Foreign Minister Marty Natalegawa, who has called for an apology from Australia over the spying claims.
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    Edward Snowden's leak continues to roil international relations.
Paul Merrell

Fresh spy leak shows Australia offered to share data on its citizens - 0 views

  • Information about ordinary Australian citizens has been offered to Australia's global spying partners, according to the latest reports of leaked intelligence from US whistleblower Edward Snowden. In revelations that will add pressure to the Abbott government, which is still reeling from the Indonesian spying leak, The Guardian is reporting that Australia's surveillance agency has indicated it would share “bulk” data with its “5-eyes” partners – an intelligence-sharing network comprising the US, Britain, Canada, New Zealand and Australia.
  • “The document shows the partners discussing whether or not to share 'medical, legal or religious information',” the report states. Advertisement <iframe id="dcAd-1-4" src="http://ad-apac.doubleclick.net/N6411/adi/onl.smh.news/federalpolitics/politicalnews;cat=federalpolitics;cat1=politicalnews;ctype=article;pos=3;sz=300x250;tile=4;ord=3.4276163E7?" width='300' height='250' scrolling="no" marginheight="0" marginwidth="0" allowtransparency="true" frameborder="0"> </iframe> The latest spying revelations are based on a secret 2008 document obtained by Mr Snowden, a former contractor who had access to high-level US government intelligence. Mr Snowden's document reveals notes of what was discussed at a “5-eyes” conference hosted by Britain's GCHQ in Cheltenham on April 22-23, 2008. According to the report, Australia's intelligence agency, then known as the Defence Signals Directorate, told its global intelligence partners it could share “bulk, unselected, unminimised metadata as long as there is no intent to target an Australian national”.
  • The partners also agreed that medical, legal or religious would not be automatically excluded from the sharing arrangement, but would instead be considered by the owning agency ‘‘on a case-by-case basis’’.  The Australian intelligence agency was reportedly willing to reveal more about its country's citizens, with fewer privacy restraints, than other countries. According to The Guardian’s report, the documents reveal that Canada imposed more rigorous privacy restrictions than Australia, agreeing to share information on the condition that information about its citizens first be redacted. Prime Minister Tony Abbott said he was confident Australian intelligence agencies were acting in accordance with the law and there were adequate safeguards in place.
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    Sharing "medical, legal, or religious information." 
Paul Merrell

Australia's Turnbull Government may make U-Turn about Syria's Assad | nsnbc international - 0 views

  • Australian Foreign Minister Julie Bishop indicated an Australian shift from the “Assad must go” paradigm to supporting a political solution that includes Syrian President Al-Assad, preserves Syria’s territorial integrity and focuses on countering the threat of the self-proclaimed Islamic State. 
  • Bishop signaled the possible shift in Australian policy at the UN General Assembly (UNGA) after intense discussions between Australian members of government and MPs. The change in policy also coincides with the Russian air raids against Islamic State, a.k.a. ISIL, ISIS or Daesh in Syria and other insurgencies in Syria.
  • Julie Bishop’s and the Australian change of attitude is according to several Australian analysts caused by Australia’s perceived need not to be left behind as the emerging Iranian, Iraqi, Syrian, Russian alliance asserts its influence in the region. Recent signals from Cairo can suggest that the Egyptian administration of President Abdel Fatah Al-Sisi considers to join the joint intelligence center in Baghdad. Diplomatic contacts between Russia and Jordan may also suggest a Jordanian shift in policy. The same may over a longer term hold true about Saudi Arabia which is increasingly deviating from an “Assad must go” paradigm”.
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  • The Australian shift in policy is, according to several analysts also driven by the recognition that the strategy of supporting extremist Islamist insurgencies can backfire and is ineffective when it is opposed by coordinated State-military operations. Another factor that may contribute to an Australian “Realpolitik” approach may be that joint Russian – Syrian operations have had scores of ISIL, Jabhat Al-Nusrah, The Southern Front, Jaish al-Yarmouk, and other insurgencies flee from Syria across the Jordanian and Turkish border as well as to the Israeli occupied Syrian Golan.
Paul Merrell

Canada bars visas from Ebola-hit countries - Americas - Al Jazeera English - 0 views

  • Canada has suspended visa applications for residents and nationals of countries with "widespread transmission" of the Ebola virus, becoming the second nation after Australia to introduce such a measure.  The countries most severely hit by the worst Ebola outbreak ever are Liberia, Sierra Leone and Guinea. Canada has not yet had a case of the disease. 
Paul Merrell

The forgotten coup - how America and Britain crushed the government of their 'ally', Au... - 0 views

  • Across the political and media elite in Australia, a silence has descended on the memory of the great, reforming prime minister Gough Whitlam, who has died. His achievements are recognised, if grudgingly, his mistakes noted in false sorrow. But a critical reason for his extraordinary political demise will, they hope, be buried with him.Australia briefly became an independent state during the Whitlam years, 1972-75. An American commentator wrote that no country had "reversed its posture in international affairs so totally without going through a domestic revolution". Whitlam ended his nation's colonial servility. He abolished Royal patronage, moved Australia towards the Non-Aligned Movement, supported "zones of peace" and opposed nuclear weapons testing.
Paul Merrell

China and Japan in the Struggle for Regional Leadership | New Eastern Outlook - 0 views

  • Early in January 2015 bilateral agreements on free trade between Japan and Australia entered into force, while China announced its intention to sign a similar agreement with Australia in the second quarter of 2015. It is expected that the agreement will enter into force before the end of 2015. Negotiations on a free trade zone between China and Australia have been under way since 2006. China’s desire to speed up the process of signing an agreement can be regarded not only as an attempt to minimize the downside risks to the country’s export earnings as a result of its regional neighbours’ reorientation of trade flows in favour of new integration associations implemented without the participation of China, but also as an attempt to preserve its commercial leadership in the Asian region by expanding its network of bilateral contacts. It is the entry into force of the FTA between Australia and Japan that may become the stimulus that China has lacked in recent years, and which is able to significantly speed up the negotiation process.First appeared: http://journal-neo.org/2015/03/09/rus-kitaj-i-yaponiya-v-bor-be-za-regional-noe-liderstvo/
Paul Merrell

MH17: Malaysia's Barring from Investigation Reeks of Cover-up | nsnbc international - 0 views

  • It was a Malaysian jet, carrying Malaysian passengers, flown by Malaysian pilots, yet after Malaysia Airlines flight MH17 was shot down over Ukraine in July 2014, Malaysia has been systematically blocked from participating in the investigation, leaving an overwhelmingly pro-NATO bloc in charge of the evidence, investigation and outcome as well as the manner in which the investigation will be carried out. Despite the integral role Malaysia has played during several pivotal moments in the aftermath of the disaster, it appears that the closer to the truth the investigation should be getting, the further Malaysia itself is being pushed from both the evidence and any influence it has on the likely conclusions of the investigation. With the downed aircraft in question being Malaysian, Malaysia as a partner in the investigation would seem a given. Its exclusion from the investigation appears to be an indication that the investigation’s objectivity has been compromised and that the conclusions it draws will likely be politically motivated.
  • With the Dutch leading the investigation, the logic being that the flight originated from the Netherlands and the majority of the passengers were Dutch, it has formed a Joint Investigation Team (JIT). At the onset of its creation it seemed obvious that Malaysia would too be included, considering it lost the second largest number of citizens to the disaster and the plane itself was registered in Malaysia. Instead, JIT would end up comprised of Belgium, Ukraine, and Australia, specifically excluding Malaysia. Malaysia was both surprised and has protested its exclusion from JIT, and has repeatedly expressed a desire to be included directly in the investigation.
  • The Malaysian Insider cited Malaysian scholar Dr. Chandra Muzaffar who believes the decision to exclude his country from the investigation is politically motivated, aiming at excluding members that may urge caution and objectivity instead of draw conclusions first and bend the investigation’s results around those conclusions. In particular, Dr. Muzaffar believes that the investigations is intentionally being skewed to target Russia. Ukraine’s involvement in the investigation is particularly troublesome. Had MH17 crashed in Ukraine under different circumstances, Ukraine’s role would be welcome. However, it was apparently shot down specifically in a conflict in which Kiev itself is a participant. With both sides of the conflict possessing anti-aircraft weapons and with Kiev itself confirmed to possess weapons capable of reaching the altitude MH17 was flying at when it was allegedly hit, Kiev becomes a possible suspect in the investigation. Kiev’s inclusion in JIT represents a monumental conflict of interest.
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  • And to compound this already glaring conflict of interest, it was revealed recently that an alleged “secret deal” was struck by JIT in which any member could bar the release of evidence. With all members of JIT being pro-NATO and decidedly arrayed against Moscow, such a “deal” could prevent crucial evidence from being revealed that would effect an otherwise distorted conclusion drawn by the investigators aimed specifically at advancing their greater political agenda in Eastern Europe. Had Malaysia been a member of JIT, the ability of other members to withhold evidence would have been greatly diminished and it is likely such a bizarre deal would not have been conceivable, real or imaged, in the first place.
  • With the ongoing conflict in Ukraine perceived as a proxy war between NATO and Moscow, JIT’s membership including the NATO-backed Kiev regime itself (a possible suspect), two NATO members (Belgium and the Netherlands) and Australia who has passed sanctions against Russia over the conflict, is a textbook case of conflict of interest.
  • To casual observers, the current investigation led by NATO members and Kiev, a possible suspect, would be no different than the Donetsk People’s Republic and Russia leading it. Few would consider a DPR or Russian led investigation impartial, and few should see a NATO-led investigation as impartial. Had Malaysia been included in the process, an argument could have been made that an actual investigation was taking place rather than a complex propaganda campaign. Malaysia’s exclusion is a troubling sign for the victims of the MH17 disaster, meaning the true culprits will never be known. The overt politically motivated nature of the investigation will on one hand  help fuel NATO’s propaganda war, but on the other hand, fuel the doubts of millions worldwide over the true events that took place in the skies of eastern Ukraine that day. Like so many other events in human history that took place amid a high stake political struggle, the downing of MH17 will be shrouded in mystery, mystery draped over the truth by the irresponsible leadership of NATO, and those in Washington, London and Brussels egging on the conflict in Ukraine to this very day.
Paul Merrell

Australia's criminlisation of dissent: anti-protest law is an ominous sign of the times... - 0 views

  • Australia’s criminlisation of dissent: anti-protest law is an ominous sign of the times Share This Tags AustraliaTasmania Brendan Gogarty (TC) : The Workplaces (Protection from Protesters) Bill – locally known as the “anti-protest” bill – was passed by Tasmanian parliament late on Tuesday night. The law was introduced as part of the government’s intention to “re-build Tasmania’s forestry industry”. That is a source of controversy and division in Tasmanian society. To achieve its aim, the government has committed itself to a wide legislative agenda. This includes: amending the uniform Defamation Act 2005 to allow large companies to sue protesters; defunding community and conservation organisations; and tearing up a “peace deal” between foresters and conservationists, which had been enacted into law before the 2014 election.
  • Recognising the potential return to hostilities, the government said it would “not try and appease” protesters, but would rather “toughen the law to deter them”. The anti-protest law is its chosen mechanism of deterrence. While such hard-line policies on political opposition are not new, the severity and breadth of the law to enforce such a policy arguably is. The shift from hard-line policy to hard-line law is worrisome in a constitutional democracy. The spread of state anti-bikie laws in Australia illustrates why this law is not just of concern for Tasmanians.
  • The new law covers all acts on, or acts inhibiting access to, a business premises (all public and private land, including forestry and mining lands) which are: … in furtherance of, or for the purposes of promoting awareness of or support for an opinion, or belief, in respect of a political, environmental, social, cultural or economic issue. Any such protest is subject to significant penalties if they interrupt “business activity”. While originally such sanctions were mandatory, the government agreed in the upper house to exchange these for discretionary penalties. However, the government agreed to this only on condition that the subsequent maximum penalties would be significantly increased. This was to “send a strong message” to protesters and the courts charged with punishing them. As a consequence, protesters who repeatedly interrupt business face fines of up to A$10,000 and four years in jail.
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  • From its inception, the law has been criticised by domestic and international lawyers. Three United Nations human rights rapporteurs considered the bill to breach international law, one describing it as “shocking”. They considered the legislation, as originally envisioned, to be: … disproportionate and unnecessary [creating a] chilling effect of silencing dissenters … [who are] key to raising awareness about human rights, political, [and] social concerns … holding not just governments, but also corporations accountable. A wide range of legal professionals have voiced similar criticisms. While the removal of mandatory penalties alleviated some concerns, the larger concern about a law designed solely to punish people for protesting against controversial business activities – especially publicly supported and funded ones – remains.
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    Australia has neither constitution nor Bill of Rights. It shows.
Paul Merrell

Abbott to say No to Xi and the New Asia Infrastructure Investment Bank - Twice | nsnbc ... - 0 views

  • Australian Prime Minister Tony Abbott is expected to say no to Chinese President Xi about joining the new Chinese-led Asia Infrastructure Development Bank (AIIB) when he will meet Xi at the ASEAN summit in Beijing this week. Abbott’s no to joining the bank would come against the advise of Australian treasurer Joe Hockey and after intense U.S. pressure for Australia to reject the proposed participation.
  • The decision to reject Australia’s participation in the 21 nation regional bank was made during a session of the Australian government’s National Security Committee and was explained as a “decision made on strategic grounds”. The decision has been criticized by several of Australia’s leading experts on economy. The Asian Development Bank  (ADB) estimated in 2011 that Asia would require some US$750 per year through 2020 to meet the needs for regional infrastructure development. In 2012 the ADB merely lent US$7.5 billion reported Australia’s Treasury.
  • A growing number of regional governments including Thailand, Malaysia, Indonesia, Laos, Myanmar and many other are gravitating towards China as China increasingly opens up its economy and banking system for foreign businesses and investment.
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  • Australian Treasurer Joe Hockey repeatedly stressed that Australia’s national interests would be better served by joining the new AIIB while Abbott attempted to position the AIIB as a “unilateral institution”. While it is correct that China is the main investor into the bank, it is a 21 nation project and Abbott’s explanation is given little credence by objective economists who are aware of the inherent problems with U.S. dominance and the dominance of rogue corporate cartels who hold e.g the World Bank, the IMF and the US government in a state of capture.
  • The development gains perspective, considering that the former Chief Economist of the Bank for International Settlements (BIS) William White in 2013, and other top-economists are predicting that a collapse of the U.S. dollar and the Bretton Woods institutions has become unavoidable, that it may happened overnight, and that it is likely to happen sometime by the end of 2014 or the first half of 2015. A recent analysis of the development described U.S. pressure against nations’ joining the new Asia Infrastructure Development Bank as the choice between gold and gunfire, noting that the U.S. applies relative soft pressure against Australia, while it won’t hesitate to provoke civil wars in for example Thailand to prolong the (f)ailing new American Century, just a little bit longer.
  • Gold or Gunfire: Hedging Against the Collapse of the Dollar
Paul Merrell

Division over bank as Australia caught between China and US | nsnbc international - 0 views

  • Senior cabinet ministers are believed to be divided over whether Australia should sign up to an internationally funded infrastructure development bank that China is set to launch next month.
  • Australia has been under pressure from the United States not to participate in the new bank. The position of Prime Minister Tony Abbott is unclear on the issue, that could have ramifications for the final days of bedding down the Australia-China free trade agreement which the government wants concluded this year and preferably by the G20 leaders meeting in Brisbane next month. The Chinese plan is being viewed internationally in the wider geopolitical context of Chinese-US competition in the region. The Americans, who see the bank as potentially a way of China increasing its clout with countries in southeast Asia, have been strongly lobbying Australia to keep out of it. The issue is to come before cabinet imminently, as China plans to announce the bank at the APEC summit, which will be held in Beijing in November. Hockey will be in Beijing next week for the APEC finance ministers meeting, where the bank will be a topic of discussion.
Paul Merrell

Australia ready to negotiate to join AIIB | nsnbc international - 0 views

  • Treasurer Joe Hockey has indicated the government is preparing to announce Australia will enter negotiations to join China’s infrastructure bank. After earlier declining to participate following pressure from the United States and concerns about governance, the government has come round to the idea, as the bank gains broad support from a number of key countries, including Britain. The first step would be signing a memorandum of understanding.
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    Another U.S. ally jumping onto the de-dollarization bandwagon of the Asian Infrastructure Investment Bank. 
Paul Merrell

National security bill opens the door to expanded control orders and secret evidence | ... - 0 views

  • On Thursday, Attorney-General George Brandis introduced a new national security bill into the Senate. This is the fifth tranche of national security legislation to be introduced into parliament since July 2014.
  • This bill includes a host of new measures designed to address the evolving threat posed by terrorism. These include: a new offence of advocacy of genocide; amendments to the control order regime, so it applies to persons 14 years and older, and new measures to monitor controlees; and clarification of the basis for issuing a preventative detention order. But the bill’s most concerning aspect is the proposal to expand the secrecy provisions available to courts in control order proceedings. Keeping national security information secret in court Since 2004, legislation has been in place to deal with information that is likely to prejudice national security in federal court proceedings. This legislation created a special closed hearing procedure to determine whether national security information could be disclosed in court and, if so, in what form. This process regulates disclosure between the parties – that is, who gets to see what.
  • The bill expands this by creating special provisions that allow the court to consider sensitive material that the controlee and legal representative have not seen in proceedings to impose, confirm or vary a control order. It provides that a court can consider all of the information: contained in an original source document in control order proceedings, even where the controlee and their legal representative have been provided with only a redacted or summarised form of the document; contained in an original source document in control order proceedings, even where the controlee and their legal representative have not been provided with any information contained in the original source document; and provided by a witness, even where the information provided by the witness is not disclosed to the controlee or their legal representative. The bill’s effect is to allow secret evidence into control order proceedings.
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  • “Secret evidence” is that which is not disclosed to an affected party and their legal representative. It is not new. A successful claim of public interest immunity, for example, results in secret material being excluded from the evidence presented in court. What is new in the anti-terror context is legislation that allows the courts to rely on secret evidence in control order proceedings.
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    Australia, along with the UK, cotinues its steady march to the right on national security matters. The admissibility of secret evidence in judicial proceedings is antithetical to notions of Due Process and a fair trial, as well as to public oversight of judicial proceedings.  
Paul Merrell

Michael Hand, Fugitive Who Ran Scandalous CIA Front Bank, Found Alive in U.S. - WhoWhatWhy - 0 views

  • Michael Hand, co-founder of the infamous Nugan Hand Bank who disappeared in 1980 after authorities began investigating the bank’s shadowy past following its sudden collapse, has been found. The Nugan Hand bank was a CIA-linked cesspool of drugs, money laundering, and organized crime.  In the words of Jonathan Kwitny, the bank was “a true tale of dope, dirty money, and the CIA.” Hand, who now lives under the name Michael Fuller, was found by an Australian news crew in Idaho, where he runs a company that makes survival knives for U.S. military clients, including Special Operations personnel. (Hand, a former green beret, previously resurfaced in the early 1980s working as a military advisor to CIA-linked military forces in Central America.) Hand has been dubbed “one of Australia’s most wanted fugitives,” but does Australia have the political will to seek the extradition of a man widely believed to have been a CIA asset? Initial indications appear to be no.
  • Michael Hand, co-founder of the infamous Nugan Hand Bank who disappeared in 1980 after authorities began investigating the bank’s shadowy past following its sudden collapse, has been found. The Nugan Hand bank was a CIA-linked cesspool of drugs, money laundering, and organized crime.  In the words of Jonathan Kwitny, the bank was “a true tale of dope, dirty money, and the CIA.” Hand, who now lives under the name Michael Fuller, was found by an Australian news crew in Idaho, where he runs a company that makes survival knives for U.S. military clients, including Special Operations personnel. (Hand, a former green beret, previously resurfaced in the early 1980s working as a military advisor to CIA-linked military forces in Central America.) Hand has been dubbed “one of Australia’s most wanted fugitives,” but does Australia have the political will to seek the extradition of a man widely believed to have been a CIA asset? Initial indications appear to be no. As one observer noted, “The fact that Hand has been allowed to live the free life in the United States suggests he belongs to a protected species, most likely of the intelligence kind.” Hand’s partner at the bank (Frank Nugan) was not as lucky, dying under murky circumstances prior to Hand’s disappearance.
  • If Australia summons the political will to seek Hand’s extradition, will the US agree? For those who follow the dark undercurrent of “deep politics,” this one is well worth watching…
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    Blast from the past! In ye olde days, The Wall Street Journal covered this scandal as it unfolded. Nugan Hand Bank was beyond shady; it was a classic Ponzi scheme and its board of directors was like a who's who of former high U.S. government officials. Its director of legal affairs was former CIA Director William Colby. Nugan Hand funneled drug money and illicit treasure for, inter alia, the Shah of Iran, Imelda Marcos, wealthy Saudis, gun-runners, et ilk. But it also bilked many Australians out of millions of dollars. Then poof! It was gone and so was co-founder Michael Hand. Turns out he's been living in Idaho under an assumed name, but using the same Social Security number he got as a teen-ager, which suggests that the FBI didn't look for him very hard when the Interpol and Australian arrest warrrants were received.  
jacob logan

Aker wins contract for Chevron Australia's Jansz-Io field - 0 views

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    Norwegian company Aker Solutions has secured a contract from Chevron Australia to support the delivery of a subsea compression system for the Jansz-Io field.
Paul Merrell

One of the World's Safest Places for Banking Is Rocked by Scandals - WSJ - 0 views

  • Commonwealth Bank of Australia ’s oversight of money transfers from that account to Lebanon last year was among many failures cited by the Australian federal government’s financial intelligence agency in its nearly US$530 million fine of the bank on Monday. If approved, the fine—meant to settle a lawsuit brought by the agency and founded on breaches of the country’s Anti-Money Laundering and Counter-Terrorism Act—would be the largest corporate civil penalty ever paid in Australia. Australia’s banks have long held a reputation for being among the world’s safest for investors. But a series of scandals over the past year has rocked the country’s top financial institutions. Commonwealth Bank has seen separate penalties for conduct in alleged interest-rate rigging and bad governance. On Friday, Australia & New Zealand Banking Group Ltd. said it would defend against criminal prosecution for alleged cartel conduct in a 2015 capital raising. A public inquiry into the sector, launched last autumn by Prime Minister Malcolm Turnbull, has heard accusations against Australia’s leading financial firms of inappropriate lending, collecting fees from dead customers for financial advice and lying to regulators. The tribunal has already claimed several big scalps. Beginning in late April, the chief executive, chairman and several board members at Australia’s largest wealth management company, AMP Ltd. , resigned after the company admitted it had misled regulators and been slow to compensate customers for fees charged for financial advice it didn’t deliver.
  • Disoriented investors now fear tighter regulation of a sector that has reliably returned a run of record annual underlying profits and solid dividends. The government has already beefed up penalties for corporate wrongdoing, including prison time, and strengthened the corporate regulator’s investigative powers. Commonwealth Bank shares recently tumbled to 5-year lows.
  • Those mistakes included not assessing the inherent risk of so-called intelligent deposit machines before mid-2015. Commonwealth Bank also didn’t limit the number of times that customers could deposit money each day, or create reports on thousands of deposits of A$10,000 (US$7,569) or more at the machines. These flaws created an architecture that money launderers could exploit, the financial-intelligence agency said.
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  • ANZ last month said it would scrap sales-based bonuses for financial planners while paying compensation in about 9,000 cases where it had provided inappropriate advice. And the banking industry has agreed to binding changes around conduct, including tightened background checks for employees and improved transparency around fees.
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