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Paul Merrell

Dutch intelligence agency AIVD hacks internet forums - nrc.nl - 0 views

  • The Dutch intelligence service - AIVD - hacks internet web forums to collect the data of all users. The majority of these people are unknown to the intelligence services and are not specified as targets when the hacking and data-collection process starts. A secret document of former NSA-contractor Edward Snowden shows that the AIVD use a technology called Computer Network Exploitation – CNE – to hack the web forums and collect the data.
  • Nico van Eijk, a Dutch professor in Information Law, is of the opinion that the Dutch intelligence service has crossed the boundaries of Dutch legislation. “They use sweeps to collect data from all users of web forums. The use of these techniques could easily lead to mass surveillance by the government.” IT specialist Matthijs Koot says that the exploitation of this technology can lead to a blurring of the lines between normal citizens and legitimate targets of the intelligence services. The document summarizes a meeting held on February 14, 2013 between officials of the NSA and the Dutch intelligence services - AIVD and MIVD. During this meeting Dutch officials briefed their American counterparts on the way they target web forums with the CNE technique. “They acquire MySQL databases via CNE access”, the document reads. MySQL is free open source software used to build databases for web forums. These databases contain all the posts of all the users of the forum and their personal data. During the meeting Dutch intelligence officers explained how they use the information in the database. In order to identify targets. According to the document the Dutch “are looking at marrying the forum data with other social network info, and trying to figure out good ways to mine the data that they have.”
  • A group of Dutch members of parliament have called for a parliamentary inquiry into the way the secret services are collecting and using data. The Dutch intelligence services have been previously criticised by an oversight committee for the way in which they have used legally intercepted data. According to this committee the search queries the intelligence services used to filter the data, were not specific enough. The use of generic queries, the committee concluded, was “not in accordance with Dutch law”. A spokesperson for the Dutch government refused to comment on the use of data from web forums by the AIVD, but stated that the intelligence services are allowed to hack computers. A spokesperson for the American government stated that the publication of classified information is a threat to US national security.
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    Oooh ... Entire social media SQL databases. Content, user security stuff, the works. Big, big, big haystacks.
Paul Merrell

Venezuela Withdraws from OAS Civil Society Forum in Solidarity with Cuba | venezuelanal... - 0 views

  • Caracas has joined Havana in withdrawing its delegation to the Civil Society Forum at the 7th Summit of the Americas this week, after Cuban delegates broke the news that at least 20 counter-revolutionary Cuban “mercenaries” had also been invited to participate in the event. Among the highly controversial figures set to participate in the forum are the radical anti-Cuban government dissidents, Manuel Cuesta Morúa, Elizardo Sánchez and Rosa María Payá, as well as members of the Cuban exile community. All are known to have financial ties to U.S. funding agencies such as the National Endowment for Democracy (NED) and have a history of trying to subvert the Cuban government. Ex-CIA agent, Félix Rodríguez Mendigutía, better known for his role in the assassination of Argentinian revolutionary, Ernesto “Che” Guevara, is also participating in the summit.  Although Mendigutía did not fire the bullet which murdered the Argentine revolutionary guerrilla, he is documented to have identified Guevara and chosen the weapon used to kill him. The former CIA agent arrived in Panama earlier this week, where Cubans have been staging a protest against his participation.
  • “The representatives of true civil society have left because we aren’t going to share a space with representatives from a supposed civil society, which is not our own and which is paid for… We can’t share the same space. There can’t be mercenaries posing as representatives of civil society. It’s impermissible,” explained Cuban legislator Luis Morlote.
  • The Venezuelan delegation withdrew almost immediately after, citing solidarity with Cuba and its rejection to the nature of the other participants.  The forum, which was set to begin on Wednesday, was temporarily delayed by the protest but eventually got underway without the presence of the Cuban or Venezuelan delegations.
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  • He also echoed the sentiment of other delegates that many of the dissidents at the forum had ties to Cuban terrorists currently being protected in the U.S, such as ex-CIA agent, Luis Posada Carriles, who carried out a terrorist attack against a Cuban plane in 1976 killing 73 people.  “How can we hope to have a serious, transparent, dignified and civilised conversation in the Americas, if those who protect those terrorists are registered to participate at the forums at the summit?” he asked.  According to reports, the withdrawal of the two delegations comes after an affray between anti-government and pro-government supporters earlier on this week and the temporary detention of a number of Cuban dissidents by Panamanian immigration authorities on arriving at Tocumen airport over the weekend. 
  • According to Tweets by Rosa María Payá, Panamanian authorities had expected the subversives to cause a disturbance.  It is the first time that Cuba is participating in the OAS summit, which has traditionally excluded the Caribbean country due to pressure from the White House. 
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    The CIA is apparently creating a diversionary stir in aid of lessening pressure on Obama to explain the U.S. role in the failed coup in Venezuela earlier this year and in issuing sanctions based on a finding of a national emergency caused by Venezuela becoming a national security threat to the U.S.
Paul Merrell

Spotlight: Cooperation with China hot topic at CELAC summit - Xinhua | English.news.cn - 0 views

  • Cooperation with China was a key topic for discussion at the 3rd Summit of the Community of Latin American and Caribbean States (CELAC) that concluded Thursday in Belen, Costa Rica. Both the Political Declaration of Belen and the 2015 Plan of Action, the two most important documents approved at the gathering by 33 member states, lauded the first China-CELAC forum ministerial meeting held in Beijing on Jan. 8-9, and reiterated that agreements and initiatives of the Beijing meeting should be facilitated as soon as possible. China and CELAC approved on Jan. 9 three major documents, including the Beijing Declaration, the 2015-2019 five-year plan and regulations for the forum. The five-year plan defined key areas and specific measures for the overall cooperation from 2015 to 2019 between China and Latin America, covering political security, trade, investment, finance, infrastructure, energy, resources, industry, agriculture, science and people-to-people exchanges. According to the plan, both sides will strive to achieve a trade volume of 500 billion U.S. dollars and investment of at least 250 billion U.S. dollars within a decade.
  • The most important work that Costa Rica has done during its rotating presidency of the bloc is to launch the forum with China, an all-important partner outside the region, and map out the five-year plan, he said. The China-CELAC forum will not only contribute to the world's prosperity, but also China-CELAC development and South-South Cooperation. As Chinese President Xi Jinping said "Every CELAC country, no matter whether it's rich or poor, is equal under the framework of the forum." Ecuadoran President Rafael Correa Delgado, who will head the group over the next 12 months, also said one of the most important achievements yielded during Costa Rica's rotating presidency is that the bloc has strengthened connection with China, which could be regarded as a historical change.
Gary Edwards

The End Of The Obama World Order - 0 views

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    "For the past eight years, Barack Obama has been using the power of the U.S. presidency to impose his vision of a progressive world order on the entire globe.  As a result, much of the planet will greatly celebrate once the Obama era officially ends on Friday.  The Obama years brought us the Arab Spring, Benghazi, ISIS, civil war in Syria, civil war in Ukraine and the Iran nuclear deal.  On the home front, we have had to deal with Obamacare, "Fast and Furious", IRS targeting of conservative groups, Solyndra, the VA scandal, NSA spying and the worst "economic recovery" since the end of World War II.  And right at the end of his presidency, Barack Obama has committed the greatest betrayal of Israel in U.S. history and has brought us dangerously close to war with Russia. So is the end of the Obama world order worth celebrating? You better believe it is. Of course Obama and his minions are in a great deal of distress that much of their hard work over the past eight years is about to be undone by Donald Trump.  On Wednesday, Vice President Joe Biden warned the elitists gathered at the World Economic Forum in Davos that their "liberal world order" is in danger of collapsing…     Vice President Joe Biden delivered an epic final speech Wednesday to the elites at the World Economic Forum in Davos, Switzerland.   The gist of his speech was simple: At a time of "uncertainty" we must double down on the values that made Western democracies great, and not allow the "liberal world order" to be torn apart by destructive forces. And without a doubt, we definitely want it to collapse. During his time in the White House, Barack Obama has used the full diplomatic power of the government to promote "abortion rights", "gay rights" and other "liberal values" to the farthest corners of the globe.  Here at home, the appointment of two new Supreme Court justices under Obama paved the way for the Supreme Court decision that forced all 50 state
Paul Merrell

China Commits $20 Billion to Venezuela at First Latin America-China Forum in Beijing | ... - 0 views

  • Venezuelan President Maduro announced that China has agreed to invest 20 billion dollars in Venezuela following the China- Community of Latin American and Caribbean States (CELAC) meeting in Beijing. Venezuelan officials hope that increased Chinese investment will offset some of the shortfalls in the Venezuelan economy due to decade-low oil prices.
  • Xi Jinping, the Chinese President, opened  the First China-CELAC Forum by pledging US$250 billion in new investment in Latin America over the next decade. CELAC was formed in 2011 with the goal of consolidating regional integration and reducing the influence of the United States in Latin America. Speaking to Latin America’s shift away from the United States and towards China, President Maduro stated “This is a vital point. I told President [Xi Jinping] over dinner last night: there is unique opportunity in this moment in history we’re living through.” Following the meeting in Beijing President Maduro told the Venezuelan News Agency “we rounded up more than $20 billion in investment.” But the Guardiannewspaper reported that “it remains unclear whether the sum represents a fresh arrangement or is part of pre-existing oil-for-loans deals.”
  • China has already awarded US$50 billion of credit to Venezuela since 2007, most of which is paid through oil shipments. Venezuela ships 524,000 barrels of crude oil and derivatives to China per day, nearly half of which goes toward paying existing loans. This amount is expected to increase to one million barrelsper dayin the next year.
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  • Speaking to Venezuela´s growing relationship with China, Venezuelan Vice president Jorge Arreaza stated “China is a great potential, and it is not imperialist. It is a great potential that wants for all of us to have a repectable and dignified living standards.”
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    Looks like China will Help Venezuela weather the U.S./Saudi econnomic warfare waged through depression of oil prices.  
Paul Merrell

Bail-In and the Financial Stability Board: The Global Bankers' Coup | nsnbc international - 0 views

  • Ellen H. Brown (WoD) : On December 11, 2014, the US House passed a bill repealing the Dodd-Frank requirement that risky derivatives be pushed into big-bank subsidiaries, leaving our deposits and pensions exposed to massive derivatives losses. The bill was vigorously challenged by Senator Elizabeth Warren; but the tide turned when Jamie Dimon, CEO of JPMorganChase, stepped into the ring. Perhaps what prompted his intervention was the unanticipated $40 drop in the price of oil. As financial blogger Michael Snyder points out, that drop could trigger a derivatives payout that could bankrupt the biggest banks. And if the G20’s new “bail-in” rules are formalized, depositors and pensioners could be on the hook. The new bail-in rules were discussed in my last last article entitled “New G20 Rules: Cyprus-style Bail-ins to Hit Depositors AND Pensioners.” They are edicts of the Financial Stability Board (FSB), an unelected body of central bankers and finance ministers headquartered in the Bank for International Settlements in Basel, Switzerland. Where did the FSB get these sweeping powers, and is its mandate legally enforceable?
  • Those questions were addressed in an article I wrote in June 2009, two months after the FSB was formed, titled “Big Brother in Basel: BIS Financial Stability Board Undermines National Sovereignty.” It linked the strange boot shape of the BIS to a line from Orwell’s 1984: “a boot stamping on a human face—forever.” The concerns raised there seem to be materializing, so I’m republishing the bulk of that article here. We need to be paying attention, lest the bail-in juggernaut steamroll over us unchallenged. The Shadowy Financial Stability Board Alarm bells went off in April 2009, when the Bank for International Settlements (BIS) was linked to the new Financial Stability Board (FSB) signed onto by the G20 leaders in London. The FSB was an expansion of the older Financial Stability Forum (FSF) set up in 1999 to serve in a merely advisory capacity by the G7 (a group of finance ministers formed from the seven major industrialized nations). The chair of the FSF was the General Manager of the BIS. The new FSB was expanded to include all G20 members (19 nations plus the EU).
  • Formally called the “Group of Twenty Finance Ministers and Central Bank Governors,” the G20 was, like the G7, originally set up as a forum merely for cooperation and consultation on matters pertaining to the international financial system. What set off alarms was that the new Financial Stability Board had real teeth, imposing “obligations” and “commitments” on its members; and this feat was pulled off without legislative formalities, skirting the usual exacting requirements for treaties. It was all done in hasty response to an “emergency.” Problem-reaction-solution was the slippery slope of coups. Buried on page 83 of an 89-page Report on Financial Regulatory Reform issued by the US Obama administration was a recommendation that the FSB strengthen and institutionalize its mandate to promote global financial stability. It sounded like a worthy goal, but there was a disturbing lack of detail. What was the FSB’s mandate, what were its expanded powers, and who was in charge? An article in The London Guardian addressed those issues in question and answer format:
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  • For three centuries, private international banking interests have brought governments in line by blocking them from issuing their own currencies and requiring them to borrow banker-issued “banknotes” instead. Political colonialism is now a thing of the past, but under the new FSB guidelines, nations could still be held in feudalistic subservience to foreign masters. Consider this scenario: the new FSB rules precipitate a massive global depression due to contraction of the money supply. XYZ country wakes up to the fact that all of this is unnecessary – that it could be creating its own money, freeing itself from the debt trap, rather than borrowing from bankers who create money on computer screens and charge interest for the privilege of borrowing it. But this realization comes too late: the boot descends and XYZ is crushed into line. National sovereignty has been abdicated to a private committee, with no say by the voters. Marilyn Barnewall, dubbed by Forbes Magazine the “dean of American private banking,” wrote in an April 2009 article titled “What Happened to American Sovereignty at G-20?”: It seems the world’s bankers have executed a bloodless coup and now represent all of the people in the world. . . . President Obama agreed at the G20 meeting in London to create an international board with authority to intervene in U.S. corporations by dictating executive compensation and approving or disapproving business management decisions.  Under the new Financial Stability Board, the United States has only one vote. In other words, the group will be largely controlled by European central bankers. My guess is, they will represent themselves, not you and not me and certainly not America.
  • Are these commitments legally binding? Adoption of the FSB was never voted on by the public, either individually or through their legislators. The G20 Summit has been called “a New Bretton Woods,” referring to agreements entered into in 1944 establishing new rules for international trade. But Bretton Woods was put in place by Congressional Executive Agreement, requiring a majority vote of the legislature; and it more properly should have been done by treaty, requiring a two-thirds vote of the Senate, since it was an international agreement binding on the nation. “Bail-in” is not the law yet, but the G20 governments will be called upon to adopt the FSB’s resolution measures when the proposal is finalized after taking comments in 2015. The authority of the G20 has been challenged, but mainly over whether important countries were left out of the mix. The omitted countries may prove to be the lucky ones, having avoided the FSB’s net.
Paul Merrell

Google will 'de-rank' RT articles to make them harder to find - Eric Schmidt - RT World... - 0 views

  • Eric Schmidt, the Executive Chairman of Google’s parent company Alphabet, says the company will “engineer” specific algorithms for RT and Sputnik to make their articles less prominent on the search engine’s news delivery services. “We are working on detecting and de-ranking those kinds of sites – it’s basically RT and Sputnik,” Schmidt said during a Q & A session at the Halifax International Security Forum in Canada on Saturday, when asked about whether Google facilitates “Russian propaganda.”
  • “We are well of aware of it, and we are trying to engineer the systems to prevent that [the content being delivered to wide audiences]. But we don’t want to ban the sites – that’s not how we operate.”The discussion focused on the company’s popular Google News service, which clusters the news by stories, then ranks the various media outlets depending on their reach, article length and veracity, and Google Alerts, which proactively informs subscribers of new publications.
  • The Alphabet chief, who has been referred to by Hillary Clinton as a “longtime friend,” added that the experience of “the last year” showed that audiences could not be trusted to distinguish fake and real news for themselves.“We started with the default American view that ‘bad’ speech would be replaced with ‘good’ speech, but the problem found in the last year is that this may not be true in certain situations, especially when you have a well-funded opponent who is trying to actively spread this information,” he told the audience.
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  • RT America registered under FARA earlier this month, after being threatened by the US Department of Justice with arrests and confiscations of property if it failed to comply. The broadcaster is fighting the order in court.
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    " HomeWorld News Google will 'de-rank' RT articles to make them harder to find - Eric Schmidt Published time: 20 Nov, 2017 19:58 Edited time: 21 Nov, 2017 03:41 Get short URL   © Global Look Press Eric Schmidt, the Executive Chairman of Google's parent company Alphabet, says the company will "engineer" specific algorithms for RT and Sputnik to make their articles less prominent on the search engine's news delivery services. "We are working on detecting and de-ranking those kinds of sites - it's basically RT and Sputnik," Schmidt said during a Q & A session at the Halifax International Security Forum in Canada on Saturday, when asked about whether Google facilitates "Russian propaganda." Schmidt appearance begins at 1:07:00 mark, relevant question at 1:33:00 "We are well of aware of it, and we are trying to engineer the systems to prevent that [the content being delivered to wide audiences]. But we don't want to ban the sites - that's not how we operate." The discussion focused on the company's popular Google News service, which clusters the news by stories, then ranks the various media outlets depending on their reach, article length and veracity, and Google Alerts, which proactively informs subscribers of new publications. Read more 'Slap at the First Amendment' - RT America forced to register as foreign agent RT has criticized the proposed move - whose timescale has not been publicized - as arbitrary and a form of censorship. "Good to have Google on record as defying all logic and reason: facts aren't allowed if they come from RT, 'because Russia' - even if we have Google on Congressional record saying they've found no manipulation of their platform or policy violations by RT," Sputnik and RT Editor-in-Chief Margarita Simonyan said in a statement. During the discussion, Schmidt claimed that he was "very strongly not in favor of censorship," but said that he has faith in "ranking" without ackno
Gary Edwards

75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe - 0 views

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    Thanks to Marbux we have this extraordinary collection of facts and figures describing the economic catastrophe that has hit the USA.  excerpt: "What a year 2012 has been!  The mainstream media continues to tell us what a "great job" the Obama administration and the Federal Reserve are doing of managing the economy, but meanwhile things just continue to get even worse for the poor and the middle class.  It is imperative that we educate the American people about the true condition of our economy and about why all of this is happening.  If nothing is done, our debt problems will continue to get worse, millions of jobs will continue to leave the country, small businesses will continue to be suffocated, the middle class will continue to collapse, and poverty in the United States will continue to explode.  Just "tweaking" things slightly is not going to fix our economy.  We need a fundamental change in direction.  Right now we are living in a bubble of debt-fueled false prosperity that allows us to continue to consume far more wealth than we produce, but when that bubble bursts we are going to experience the most painful economic "adjustment" that America has ever gone through.  We need to be able to explain to our fellow Americans what is coming, why it is coming and what needs to be done.  Hopefully the crazy economic numbers that I have included in this article will be shocking enough to wake some people up. The end of the year is a time when people tend to gather with family and friends more than they do during the rest of the year.  Hopefully many of you will use the list below as a tool to help start some conversations about the coming economic collapse with your loved ones.  Sadly, most Americans still tend to doubt that we are heading into economic oblivion.  So if you have someone among your family and friends that believes that everything is going to be "just fine", just show them these numbers.  They are a good summary of the problems that the U
Paul Merrell

U.S. Military Operations Are Biggest Motivation for Homegrown Terrorists, FBI Study Finds - 0 views

  • A secret FBI study found that anger over U.S. military operations abroad was the most commonly cited motivation for individuals involved in cases of “homegrown” terrorism. The report also identified no coherent pattern to “radicalization,” concluding that it remained near impossible to predict future violent acts. The study, reviewed by The Intercept, was conducted in 2012 by a unit in the FBI’s counterterrorism division and surveyed intelligence analysts and FBI special agents across the United States who were responsible for nearly 200 cases, both open and closed, involving “homegrown violent extremists.” The survey responses reinforced the FBI’s conclusion that such individuals “frequently believe the U.S. military is committing atrocities in Muslim countries, thereby justifying their violent aspirations.” Online relationships and exposure to English-language militant propaganda and “ideologues” like Anwar al-Awlaki are also cited as “key factors” driving extremism. But grievances over U.S. military action ranked far above any other factor, turning up in 18 percent of all cases, with additional cases citing a “perceived war against Islam,” “perceived discrimination,” or other more specific incidents. The report notes that between 2009 and 2012, 10 out of 16 attempted or successful terrorist attacks in the United States targeted military facilities or personnel.
  • The report is titled “Homegrown Violent Extremists: Survey Confirms Key Assessments, Reveals New Insights about Radicalization.” It is dated December 20, 2012. An FBI unit called the “Americas Fusion Cell” surveyed agents responsible for 198 “current and disrupted [homegrown violent extremists],” which the report says represented a fraction of all “pending, U.S.-based Sunni extremist cases” at the time. The survey seems designed to look only at Muslim violent extremism. (The FBI declined to comment.) Agents were asked over 100 questions about their subjects in order to “identify what role, if any,” particular factors played in their radicalization — listed as “known radicalizers,” extremist propaganda, participation in web forums, family members, “affiliation with religious, student, or social organization(s) where extremist views are expressed,” overseas travel, prison or military experience, and “significant life events and/or grievances.” Among the factors that did not “significantly contribute” to radicalization, the study found, were prison time, military service, and international travel. Although, the report notes, “the FBI historically has been concerned about the potential for prison radicalization,” in fact, “survey results indicate incarceration was rarely influential.” The report ends with recommendations that agents focus their attention on web forums, social media, and other online interactions, and step up surveillance of “known radicalizers” and those who contact them.
  • The study echoes previous findings, including a 2011 FBI intelligence assessment, recently released to MuckRock through a public records request, which concluded that “a broadening U.S. military presence overseas” was a motivating factor for a rise in plotted attacks, specifically the wars in Iraq and Afghanistan. That study also found “no demographic patterns” among the plotters. “Insofar as there is an identifiable motivation in most of these cases it has to do with outrage over what is happening overseas,” says John Mueller, a senior research scientist with the Mershon Center for International Security Studies at Ohio State University and co-author of “Chasing Ghosts: The Policing of Terrorism.” “People read news reports about atrocities and become angry,” Mueller said, adding that such reports are often perceived as an attack on one’s own in-group, religion, or cultural heritage. “It doesn’t have to be information from a jihadist website that angers someone, it could be a New York Times report about a drone strike that kills a bunch of civilians in Afghanistan.”
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  • Perpetrators of more recent attacks have latched onto U.S. foreign policy to justify violence. The journals of Ahmad Rahami, accused of bombings in Manhattan and New Jersey last month, cited wars in Iraq, Syria, and Afghanistan. In a 911 call, Omar Mateen, who killed 49 people in an Orlando nightclub earlier this year, claimed he acted in retaliation for a U.S. airstrike on an ISIS fighter. Dzhokhar Tsarnaev told investigators that the wars in Iraq and Afghanistan motivated his and his brother’s attack on the Boston Marathon. In many of these cases, pundits and politicians focus on the role of religion, something Marc Sageman, a former CIA officer and author of “Leaderless Jihad: Terror Networks in the Twenty-First Century,” describes as a “red herring,” citing a history of shifting ideologies used to justify terrorist acts.
  • The U.S. government has announced plans to spend millions of dollars on “Countering Violent Extremism” initiatives, which are supposed to involve community members in spotting and stopping would-be extremists. These initiatives have been criticized as discriminatory, because they have focused almost exclusively on Muslim communities while ignoring political motivations behind radicalization. “Politicians try very hard not to talk about foreign policy or military action being a major contributor to homegrown terrorism,” Sageman says, adding that government reticence to share raw data from terrorism cases with academia has hindered analysis of the subject.
Paul Merrell

President Xi's speech to Davos in full | World Economic Forum - 0 views

  • “It was the best of times, it was the worst of times.” These are the words used by the English writer Charles Dickens to describe the world after the Industrial Revolution. Today, we also live in a world of contradictions. On the one hand, with growing material wealth and advances in science and technology, human civilization has developed as never before. On the other hand, frequent regional conflicts, global challenges like terrorism and refugees, as well as poverty, unemployment and widening income gap have all added to the uncertainties of the world. Many people feel bewildered and wonder: What has gone wrong with the world? To answer this question, one must first track the source of the problem. Some blame economic globalization for the chaos in the world. Economic globalization was once viewed as the treasure cave found by Ali Baba in The Arabian Nights, but it has now become the Pandora’s box in the eyes of many. The international community finds itself in a heated debate on economic globalization.
  • Today, I wish to address the global economy in the context of economic globalization. The point I want to make is that many of the problems troubling the world are not caused by economic globalization. For instance, the refugee waves from the Middle East and North Africa in recent years have become a global concern. Several million people have been displaced, and some small children lost their lives while crossing the rough sea. This is indeed heartbreaking. It is war, conflict and regional turbulence that have created this problem, and its solution lies in making peace, promoting reconciliation and restoring stability. The international financial crisis is another example. It is not an inevitable outcome of economic globalization; rather, it is the consequence of excessive chase of profit by financial capital and grave failure of financial regulation. Just blaming economic globalization for the world’s problems is inconsistent with reality, and it will not help solve the problems.
  • But we should also recognize that economic globalization is a double-edged sword. When the global economy is under downward pressure, it is hard to make the cake of global economy bigger. It may even shrink, which will strain the relations between growth and distribution, between capital and labor, and between efficiency and equity. Both developed and developing countries have felt the punch. Voices against globalization have laid bare pitfalls in the process of economic globalization that we need to take seriously. As a line in an old Chinese poem goes, “Honey melons hang on bitter vines; sweet dates grow on thistles and thorns.” In a philosophical sense, nothing is perfect in the world. One would fail to see the full picture if he claims something is perfect because of its merits, or if he views something as useless just because of its defects. It is true that economic globalization has created new problems, but this is no justification to write economic globalization off completely. Rather, we should adapt to and guide economic globalization, cushion its negative impact, and deliver its benefits to all countries and all nations.
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  • Whether you like it or not, the global economy is the big ocean that you cannot escape from. Any attempt to cut off the flow of capital, technologies, products, industries and people between economies, and channel the waters in the ocean back into isolated lakes and creeks is simply not possible. Indeed, it runs counter to the historical trend.
  • First, lack of robust driving forces for global growth makes it difficult to sustain the steady growth of the global economy. The growth of the global economy is now at its slowest pace in seven years. Growth of global trade has been slower than global GDP growth. Short-term policy stimuli are ineffective. Fundamental structural reform is just unfolding. The global economy is now in a period of moving toward new growth drivers, and the role of traditional engines to drive growth has weakened. Despite the emergence of new technologies such as artificial intelligence and 3-D printing, new sources of growth are yet to emerge. A new path for the global economy remains elusive. Second, inadequate global economic governance makes it difficult to adapt to new developments in the global economy. Madame Christine Lagarde recently told me that emerging markets and developing countries already contribute to 80 percent of the growth of the global economy. The global economic landscape has changed profoundly in the past few decades. However, the global governance system has not embraced those new changes and is therefore inadequate in terms of representation and inclusiveness. The global industrial landscape is changing and new industrial chains, value chains and supply chains are taking shape. However, trade and investment rules have not kept pace with these developments, resulting in acute problems such as closed mechanisms and fragmentation of rules.
  • Third, uneven global development makes it difficult to meet people’s expectations for better lives. Dr. Schwab has observed in his book The Fourth Industrial Revolution that this round of industrial revolution will produce extensive and far-reaching impacts such as growing inequality, particularly the possible widening gap between return on capital and return on labor. The richest one percent of the world’s population own more wealth than the remaining 99 percent. Inequality in income distribution and uneven development space are worrying. Over 700 million people in the world are still living in extreme poverty. For many families, to have warm houses, enough food and secure jobs is still a distant dream. This is the biggest challenge facing the world today. It is also what is behind the social turmoil in some countries. All this shows that there are indeed problems with world economic growth, governance and development models, and they must be resolved. The founder of the Red Cross Henry Dunant once said, “Our real enemy is not the neighboring country; it is hunger, poverty, ignorance, superstition and prejudice.” We need to have the vision to dissect these problems; more importantly, we need to have the courage to take actions to address them.
  • First, we should develop a dynamic, innovation-driven growth model. The fundamental issue plaguing the global economy is the lack of driving force for growth.Innovation is the primary force guiding development. Unlike the previous industrial revolutions, the fourth industrial revolution is unfolding at an exponential rather than linear pace. We need to relentlessly pursue innovation. Only with the courage to innovate and reform can we remove bottlenecks blocking global growth and development. With this in mind, G-20 leaders reached an important consensus at the Hangzhou Summit, which is to take innovation as a key driver and foster new driving force of growth for both individual countries and the global economy. We should develop a new development philosophy and rise above the debate about whether there should be more fiscal stimulus or more monetary easing. We should adopt a multipronged approach to address both the symptoms and the underlying problems. We should adopt new policy instruments and advance structural reform to create more space for growth and sustain its momentum. We should develop new growth models and seize opportunities presented by the new round of industrial revolution and digital economy. We should meet the challenges of climate change and aging population. We should address the negative impact of IT application and automation on jobs. When cultivating new industries and new forms models of business models, we should create new jobs and restore confidence and hope to our peoples.
  • Second, we should pursue a well-coordinated and inter-connected approach to develop a model of open and win-win cooperation. Today, mankind has become a close-knit community of shared future. Countries have extensive converging interests and are mutually dependent. All countries enjoy the right to development. At the same time, they should view their own interests in a broader context and refrain from pursuing them at the expense of others. We should commit ourselves to growing an open global economy to share opportunities and interests through opening-up and achieve win-win outcomes. One should not just retreat to the harbor when encountering a storm, for this will never get us to the other shore of the ocean. We must redouble efforts to develop global connectivity to enable all countries to achieve inter-connected growth and share prosperity. We must remain committed to developing global free trade and investment, promote trade and investment liberalization and facilitation through opening-up and say no to protectionism. Pursuing protectionism is like locking oneself in a dark room. While wind and rain may be kept outside, that dark room will also block light and air. No one will emerge as a winner in a trade war.
  • Third, we should develop a model of fair and equitable governance in keeping with the trend of the times. As the Chinese saying goes, people with petty shrewdness attend to trivial matters, while people with vision attend to governance of institutions. There is a growing call from the international community for reforming the global economic governance system, which is a pressing task for us. Only when it adapts to new dynamics in the international economic architecture can the global governance system sustain global growth. Countries, big or small, strong or weak, rich or poor, are all equal members of the international community. As such, they are entitled to participate in decision-making, enjoy rights and fulfill obligations on an equal basis. Emerging markets and developing countries deserve greater representation and voice. The 2010 IMF quota reform has entered into force, and its momentum should be sustained. We should adhere to multilateralism to uphold the authority and efficacy of multilateral institutions. We should honor promises and abide by rules. One should not select or bend rules as he sees fit. The Paris Agreement is a hard-won achievement which is in keeping with the underlying trend of global development. All signatories should stick to it instead of walking away from it as this is a responsibility we must assume for future generations.
  • Fourth, we should develop a balanced, equitable and inclusive development model. As the Chinese saying goes, “A just cause should be pursued for common good.”Development is ultimately for the people. To achieve more balanced development and ensure that the people have equal access to opportunities and share in the benefits of development, it is crucial to have a sound development philosophy and model and make development equitable, effective and balanced.
  • We should foster a culture that values diligence, frugality and enterprise and respects the fruits of hard work of all. Priority should be given to addressing poverty, unemployment, the widening income gap and the concerns of the disadvantaged to promote social equity and justice. It is important to protect the environment while pursuing economic and social progress so as to achieve harmony between man and nature and between man and society. The 2030 Agenda for Sustainable Development should be implemented to realize balanced development across the world. A Chinese adage reads, “Victory is ensured when people pool their strength; success is secured when people put their heads together.” As long as we keep to the goal of building a community of shared future for mankind and work hand in hand to fulfill our responsibilities and overcome difficulties, we will be able to create a better world and deliver better lives for our peoples.
  • This is a path that puts people’s interests first. China follows a people-oriented development philosophy and is committed to bettering the lives of its people. Development is of the people, by the people and for the people. China pursues the goal of common prosperity. We have taken major steps to alleviate poverty and lifted over 700 million people out of poverty, and good progress is being made in our efforts to finish building a society of initial prosperity in all respects. This is a path of pursuing reform and innovation. China has tackled difficulties and met challenges on its way forward through reform. China has demonstrated its courage to take on difficult issues, navigate treacherous rapids and remove institutional hurdles standing in the way of development. These efforts have enabled us to unleash productivity and social vitality. Building on progress of 30-odd years of reform, we have introduced more than 1,200 reform measures over the past four years, injecting powerful impetus into China’s development.
  • This is a path of pursuing common development through opening-up. China is committed to a fundamental policy of opening-up and pursues a win-win opening-up strategy. China’s development is both domestic and external oriented; while developing itself, China also shares more of its development outcomes with other countries and peoples. China’s outstanding development achievements and the vastly improved living standards of the Chinese people are a blessing to both China and the world. Such achievements in development over the past decades owe themselves to the hard work and perseverance of the Chinese people, a quality that has defined the Chinese nation for several thousand years. We Chinese know only too well that there is no such thing as a free lunch in the world. For a big country with over 1.3 billion people, development can be achieved only with the dedication and tireless efforts of its own people. We cannot expect others to deliver development to China, and no one is in a position to do so. When assessing China’s development, one should not only see what benefits the Chinese people have gained, but also how much hard effort they have put in, not just what achievements China has made, but also what contribution China has made to the world. Then one will reach a balanced conclusion about China’s development.
  • Between 1950 and 2016, despite its modest level of development and living standard, China provided more than 400 billion yuan of foreign assistance, undertook over 5,000 foreign assistance projects, including nearly 3,000 complete projects, and held over 11,000 training workshops in China for over 260,000 personnel from other developing countries. Since it launched reform and opening-up, China has attracted over $1.7 trillion of foreign investment and made over $1.2 trillion of direct outbound investment, making huge contribution to global economic development. In the years following the outbreak of the international financial crisis, China contributed to over 30 percent of global growth every year on average. All these figures are among the highest in the world. The figures speak for themselves. China’s development is an opportunity for the world; China has not only benefited from economic globalization but also contributed to it. Rapid growth in China has been a sustained, powerful engine for global economic stability and expansion. The inter-connected development of China and a large number of other countries has made the world economy more balanced. China’s remarkable achievement in poverty reduction has contributed to more inclusive global growth. And China’s continuous progress in reform and opening-up has lent much momentum to an open world economy.
  • Despite a sluggish global economy, China’s economy is expected to grow by 6.7 percent in 2016, still one of the highest in the world. China’s economy is far bigger in size than in the past, and it now generates more output than it did with double-digit growth in the past. Household consumption and the services sector have become the main drivers of growth. In the first three quarters of 2016, added value of the tertiary industry took up 52.8 percent of the GDP and domestic consumption contributed to 71 percent of economic growth. Household income and employment have steadily risen, while per unit GDP energy consumption continues to drop. Our efforts to pursue green development are paying off. The Chinese economy faces downward pressure and many difficulties, including acute mismatch between excess capacity and an upgrading demand structure, lack of internal driving force for growth, accumulation of financial risks, and growing challenges in certain regions. We see these as temporary hardships that occur on the way forward. And the measures we have taken to address these problems are producing good results. We are firm in our resolve to forge ahead. China is the world’s largest developing country with over 1.3 billion people, and their living standards are not yet high. But this reality also means China has enormous potential and space for development. Guided by the vision of innovative, coordinated, green, open and shared development, we will adapt to the new normal, stay ahead of the curve, and make coordinated efforts to maintain steady growth, accelerate reform, adjust economic structure, improve people’s living standards and fend off risks. With these efforts, we aim to achieve medium-high rate of growth and upgrade the economy to higher end of the value chain.
  • — China will foster an enabling and orderly environment for investment. We will expand market access for foreign investors, build high-standard pilot free trade zones, strengthen protection of property rights, and level the playing field to make China’s market more transparent and better regulated. In the coming five years, China is expected to import $8 trillion of goods, attract $600 billion of foreign investment and make $750 billion of outbound investment. Chinese tourists will make 700 million overseas visits. All this will create a bigger market, more capital, more products and more business opportunities for other countries. China’s development will continue to offer opportunities to business communities in other countries. China will keep its door wide open and not close it. An open door allows both other countries to access the Chinese market and China itself to integrate with the world. And we hope that other countries will also keep their door open to Chinese investors and keep the playing field level for us.
  • — China will vigorously foster an external environment of opening-up for common development. We will advance the building of the Free Trade Area of the Asia Pacific and negotiations of the Regional Comprehensive Economic Partnership to form a global network of free trade arrangements. China stands for concluding open, transparent and win-win regional free trade arrangements and opposes forming exclusive groups that are fragmented in nature. China has no intention to boost its trade competitiveness by devaluing the RMB, still less will it launch a currency war. Over three years ago, I put forward the “Belt and Road” initiative. Since then, over 100 countries and international organizations have given warm responses and support to the initiative. More than 40 countries and international organizations have signed cooperation agreements with China, and our circle of friends along the “Belt and Road” is growing bigger. Chinese companies have made over $50 billion of investment and launched a number of major projects in the countries along the routes, spurring the economic development of these countries and creating many local jobs. The “Belt and Road” initiative originated in China, but it has delivered benefits well beyond its borders.
  • Ladies and Gentlemen,Dear Friends, World history shows that the road of human civilization has never been a smooth one, and that mankind has made progress by surmounting difficulties. No difficulty, however daunting, will stop mankind from advancing. When encountering difficulties, we should not complain about ourselves, blame others, lose confidence or run away from responsibilities. We should join hands and rise to the challenge. History is created by the brave. Let us boost confidence, take actions and march arm-in-arm toward a bright future.
  •  
    Very important speech. A must-read (I snipped only portions).
Gary Edwards

Affidavit of John Lear concerning 911 --- Deposition in legal matter: ECF vs Science Ap... - 1 views

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    Incredible affidavit detailing the testimony of aviation expert John Lear.  Also see the Coast-to-Coast broadcast interview with John Lear, where he fully explains the legal affidavit. http://investorstemcell.com/forum/gmans-weird-science-ufos/16799.htm Search Diigo "http://groups.diigo.com/group/socialism-and-the-end-of-the-american-dream" for "911"
Gary Edwards

The Libertarian View: Are Tariffs Bad? - 1 views

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    As many know, i spent quite a bit of time working for a Chinese Company seeking to enter the USA-European software market.  My task was to research the market, discover and define a market opportunity, design the product, and then work as product manager to get that service to market.  I took this job to better understand the Chinese marketplace and how sovereign Chinese companies work.  What i learned is how the Chinese seek to exploit and totally dominate open markets.  Software is just a category whose time has come.  and there are thousands of Chinese companies lining up.  The first step though is to fine tune the existing blueprint used by other Sina sovereigns.  amazing stuff. My take away from this experience is that the USA MUST set up a 30% tariff on ALL imports, and do so IMMEDIATELY!!!  Yesterday is not soon enough! As a newly minted libertarian, i wondered about the obvious conflict with Austrian Economics and their dedication to free markets and free trade?  I found the answer at this Libertarian forum, where many members were in heated discussion.  Comment #7 sums it up best i think.  Including a link to Ron Paul's Tariff-NAFTA speech. The thing is, the 30% Tariff should be part of an overall TAX REDUCTION PLAN.  I support the FAIR TAX and the Balanced Budget Amendment.  As an alternative to the Fair Tax, I would also support a 17% flat tax with no exceptions.  The ideal situation being an immediate, uncompromising, no exceptions 30% tariff on ALL imports coupled with the Fair Tax and the Balanced Budget Amendment.   And yes, i do believe this plan is consistent with the Founding Fathers Constitution.  But it took some kind of research to establish that opinion.   I've also concluded that "conservatism" is a convenient philosophical vehicle for the corrupt crony corporatism of both the military-industrial-complex, banksters and, international corporations.  Free trade and open markets concepts are perverted to become a thin veil
Paul Merrell

.:Middle East Online:::. - 0 views

  • A senior Palestinian official on Thursday rejected US moves to extend an April deadline for nine months of hard-won talks with Israel to culminate in a framework peace deal."There is no meaning to prolonging the negotiation, even for one more additional hour, if Israel, represented by its current government, continues to disregard international law," Palestinian chief negotiator Saeb Erakat said."If there was a committed partner, we wouldn't even have needed nine hours to reach that deal," he said.He was responding to comments by US Secretary of State John Kerry, who told reporters in Washington on Wednesday that more time would be needed and that he hoped first to agree a framework to guide further talks.
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    Don't hold your breath for this Palestinian position to be maintained. The Palestinian Authority is hugely dependent on US foreign aid for its funding. That is Kerry's primary leverage in the negotiations. But if the PA has arranged for alternative funding elsewhere, we might yet see this matter move into a forum that can actually force change, such as the International Criminal Court in a prosecution of Israeli officials for war crimes and human rights violations. 
Paul Merrell

BDS SOUTH AFRICA: ISRAEL INCHES CLOSER TO 'TIPPING POINT' OF SOUTH AFRICA-STYLE BOYCOTT... - 0 views

  • Analogies with apartheid regime in the wake of Mandela’s death could accelerate efforts to ostracize Israel. This has happened in recent days: The Dutch water company Vitens severed its ties with Israeli counterpart Mekorot; Canada’s largest Protestant church decided to boycott three Israeli companies; the Romanian government refused to send any more construction workers; and American Studies Association academics are voting on a measure to sever links with Israeli universities. Coming so shortly after the Israeli government effectively succumbed to a boycott of settlements in order to be eligible for the EU’s Horizon 2020 scientific cooperation agreement, it is hard to avoid the conclusion that the BDS (Boycott, Divestment and Sanctions) movement is picking up speed. And the writing on the wall, if anyone missed it, only got clearer and sharper in the wake of the death of Nelson Mandela.
  • When the United Nations passed its first non-binding resolution calling for a boycott of South Africa in 1962, it was staunchly opposed by a bloc of Western countries, led by Britain and the United States. But the grassroots campaign that had started with academic boycotts in the late 1950s gradually moved on to sports and entertainment and went on from there to institutional boycotts and divestment. Along the way, the anti-apartheid movement swept up larger and larger swaths of Western public opinion, eventually forcing even the most reluctant of governments, including Israel and the U.S., to join the international sanctions regime. 
  • We’re really great at knowing where thresholds are after we fall off the cliff, but that’s not very helpful,” as lake ecologist and “tipping point” researcher Stephen Carpenter told USA today in 2009.  Israel could very well be approaching such a threshold. Among the many developments that could be creating the required critical mass one can cite the passage of time since the Twin Towers attacks in September 2001, which placed Israel in the same camp as the U.S. and the West in the War on Terror; Israel’s isolation in the campaign against Iran’s nuclear programs; the disappearance of repelling archenemies such as Osama bin Laden, Muammar Gadhafi, Mahmoud Ahmadinejad and, to a lesser degree, Yasser Arafat; the relative security and lack of terror inside Israel coupled with its own persistent settlement drive; and the negative publicity generated by revelations of racism in Israeli society, the image of its rulers as increasingly rigid and right wing and the government’s own confrontations with illegal African immigrants and Israeli Bedouin, widely perceived as being tinged with bias and prejudice.  In recent days, American statesmen seem to be more alarmed about the looming danger of delegitimization than Israelis are. In remarks to both the Saban Forum and the American Joint Distribution Committee this week, Secretary of State John Kerry described delegitimization as “an existential danger." Vice President Joe Biden, speaking to the same JDC forum, went one step further: “The wholesale effort to delegitimize Israel is the most concentrated that I have seen in the 40 years I have served. It is the most serious threat in my view to Israel’s long-term security and viability.” 
  • ...1 more annotation...
  • One must always take into account the possibility of unforeseen developments that will turn things completely around. Barring that, the only thing that may be keeping Israel from crossing the threshold and “going over the cliff” in the international arena is Kerry’s much-maligned peace process, which is holding public opinion and foreign governments at bay and preventing a “tipping point” that would dramatically escalate the anti-Israeli boycott campaign.  Which only strengthens Jeffrey Goldberg’s argument in a Bloomberg article on Wednesday that Kerry is “Israel’s best friend." It also highlights, once again, how narrow-minded, shortsighted and dangerously delusional Kerry’s critics, peace process opponents and settlement champions really are (though you can rest assured that if and when the peace process collapses and Israel is plunged into South African isolation, they will be pointing their fingers in every direction but themselves.
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    Note that this article's original is behind a paywall in Haaretz, one of Israel's market-leading newspapers.  There can be no questioning of the facts that: [i] the Palestinian Boycott, Divesment, and Sanctions ("BDS") movement is rapidly gaining strength globally; and [ii] that factor weighs heavily in the negotiations between Israel and Palestine for a two-state solution. Although not bluntly stated, the BSD movement's path runs directly to a single-state solution that would sweep Israel's present right-wing government from power and result in a secular state rather than a "Jewish state." And the E.U., Israel's largest export market, has promised to go even farther in sanctioning Israel than the considerable distance it has already gone if the negotiations do not result in a two state solution. Labeling all products produced wholly or in part in Israel-occupied Palestine territory is among the mildest of sanctions under discussion, a measure already adopted in two E.U. nations. The BSD Movement's success has also been marked by Israel attaining the pariah state status previously experienced by South Africa. Only the U.S., Canada, and a half-dozen or so tiny island nations closely aligned with the U.S. still vote in favor of Israel at the U.N. For example, the vote on granting Palestine U.N. observer state status was 138-9, with 41 abstentions.  The prospect of an end to the non-secular Jewish state has enormous ramifications for U.S. foreign policy, not the least of which is the influence of the Israel lobby in the U.S. that has thus far led the U.S. to three Treasury-draining wars in Southwest Asia and Northern Africa and host of minor military actions in other area nations, as well as a near-war in Syria, averted mainly via Russian diplomacy that outfoxed Secretary of State John Kerry. Time will tell whether the diplomatic outreach by Iran will succeed in averting war with the greatest military power remaining in the Mideast after Israel itself. "Protectin
Gary Edwards

Google News - 0 views

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    This isn't surprising. But why does the author think the NSA or anyone else in the US government would care? The political extortion benefits of the massive global spying program to government and politicians far outweigh the profit/loss consequences to private cloud computing companies. excerpt: "Foreign competitors think they can grow market share in cloud computing because of concerns raised by the National Security Agency's PRISM program and other government collection of electronic data from third parties. U.S. cloud computing companies could lose $22 billion to $35 billion in revenue over the next three years because of foreign customers' concerns about the privacy of their data, according to Daniel Castro, a senior analyst at the Information Technology & Innovation Forum. Foreign companies, particularly in Europe, already were making aggressive moves to win more of the cloud market, which is expected to be a $207 billion industry by 2016. Now they've got a compelling argument to make, especially to Europeans who currently are using U.S. cloud companies. "If European cloud customers cannot trust the United States government, then maybe they won't trust U.S. cloud providers either," Nellie Kroes, European commissioner for digital affairs, told The Guardian last month. "If I were an American cloud provider, I would be quite frustrated with my government right now." A survey conducted in June and July by the Cloud Security Alliance found that 10 percent of foreign cloud industry participants had cancelled a project with a U.S. cloud computing provider, and 56 percent said they would be less likely to use an American company."
Paul Merrell

Former NSA and CIA director says terrorists love using Gmail - 0 views

  • Former NSA and CIA director Michael Hayden stood on the pulpit of a church across from the White House on Sunday and declared Gmail the preferred online service of terrorists. As part of an adult education forum at St. John’s Episcopal Church, Hayden gave a wide ranging speech on "the tension between security and liberty." During the speech, he specifically defended Section 702 of the Foreign Surveillance Intelligence Act (FISA), which provides the legal basis for the PRISM program. In doing so, Hayden claimed "Gmail is the preferred Internet service provider of terrorists worldwide," presumably meaning online service rather than the actual provider of Internet service. He added: "I don't think you're going to see that in a Google commercial, but it's free, it's ubiquitous, so of course it is."
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    I wonder if he was just shooting from the hip, or if not, whether his analysis ignored some important factors, e.g., -- Qualitative factors, e.g., is he talking about run-of-the-mill terrorists or tech-savvy "terrorists." One might reasonably suspect that the tech-savvy would avoid Gmail like the plague particularly since Edward Snowden's disclosures began to appear. -- Likewise, are the NSA's foreign language Email scanning abilities as good as their English scanning abilities? One might reasonably suspect that the tech-savvy "terrorists" communicate using fairly obscure foreign human languages that NSA's scanners do less than a good job of comprehending. Remember the "Wind Talkers" of World War II who communicated using the Navajo language, a "code" the Japanese never decoded.  -- There's also the selection factor. We now know that NSA gets daily doses of email metadata from Google and Yahoo! but hasn't yet set up similar listening posts for most email services on the globe. Are we to believe that the availability of the metadata  for the big two email services has no effect on detection of "terrorist" emails? I doubt that NSA would be fighting so hard to keep PRISM were that true.
Paul Merrell

Greece Invited to Join New BRICS Development Bank | News | teleSUR English - 0 views

  • Greek Prime Minister Alexis Tsipras will reportedly participate in the World Economic Forum of St. Petersburg after being invited by Russia on Monday to become the sixth member of the BRICS Development Bank. The Greek prime minister was invited to join the BRICS after a phone call conversation with Russian Finance Vice-minister Serguéi Storchak, RT reported. Tsipras has shown interest in the proposal and will join the BRICS countries in June at the forum in St. Petersburg to discuss the possibility. If Greece agrees to join the new Development Bank, the country would become its sixth member alongside Brazil, Russia, India, China and South Africa. The BRICS Development Bank is a new initiative that will help BRICS member states lessen their dependence on the IMF. The bank will have a $100 billion foreign currency reserve for the BRICS, which would protect national currencies from the volatility of global markets.
  • "A large part of the fund [International Monetary Fund] goes toward saving the euro and the national currencies of developed countries. Given that governance of the IMF is in the hands of western powers, there is little hope for assistance from the IMF in case of an emergency. That is why the currency reserve pool would come in very handy," said Russian ambassador-at-large Vadim Lukov. The currency reserve pool would ensure that, in the event of a financial emergency - such as a crisis in the banking system - the BRICS countries would no longer have to depend on the IMF. The BRICS group of nations includes five of the world's largest developing economies: Brazil, Russia, India, China and South Africa.
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    But adding Greece will really trash the very nice BRICS acronym. Time to rename Greece. 
Paul Merrell

ISIS: Potentially 'Thousands' of Online Followers Inside US Homeland, FBI Chief Warns -... - 0 views

  • There may be as many as thousands of people inside the United States consuming online “poison” from ISIS alone, and, “I know there are other Elton Simpsons out there,” FBI director James Comey warned today, referring to one of the men who opened fire outside of an event in Texas earlier this week celebrating artists’ portrayals of the Prophet Mohammad. “We have a very hard task” in trying to identify and stop anyone inspired to launch an attack inside the U.S. homeland, Comey told ABC News’ Pierre Thomas and a small group of reporters. Such efforts have become particularly challenging because ISIS has reconfigured and redefined terrorist recruitment, according to Comey. In fact, while the FBI is trying to find that so-called needle in a haystack, “increasingly the needles are invisible to us,” he said.
  • As recently as two years ago, someone in the United States who wanted to consume “radical poisonous propaganda” would have to seek that out on the Internet, most likely on a jihadist web forum. So the FBI focused its investigative efforts on those jihadist web forums, Comey said. But “that has changed dramatically, especially with [ISIS] and their use of social media,” where on phones in people’s pockets they ask Americans and other foreigners “to travel to the so-called caliphate to fight” but simultaneously say, “If you can’t travel, kill where you are,” according to Comey.
  • “It’s almost as if there is a devil sitting on the shoulder saying, ‘Kill, kill, kill, kill’ all day long,” he said. “[They are] recruiting and tasking at the same time. … In a way, the old paradigm between ‘inspired’ and ‘directed’ breaks down here." And with that distinction “no longer relevant," is it all the more challenging for the FBI to determine whether someone seeking jihadist propaganda online or even promoting themselves is “a talker or a doer,” as Comey described it. There’s also the question, “Where are they on the pathway from ‘talker’ to ‘doer’? And that’s really hard,” Comey added. Those are the exact types of questions the FBI faced with Simpson. Comey acknowledged today that Simpson had been under FBI watch since 2006, when the agency opened an investigation on the Phoenix-area man based on information suggesting he wanted to join al-Shabab, the al Qaeda-linked group in Somalia. Simpson was ultimately indicted on terrorism charges and convicted, but due to questions over the government’s case he never went to prison and was sentenced to probation. The FBI officially closed its case into Simpson last year.
Paul Merrell

Even the Former Director of the NSA Hates the FBI's New Surveillance Push - The Daily B... - 0 views

  • The head of the FBI has spent the last several months in something of a panic, warning anyone who will listen that terrorists are “going dark”—using encrypted communications to hide from the FBI—and insisting that the bureau needs some kind of electronic back door to get access to those chats.It’s an argument that civil libertarians and technology industry executives have largely rejected. And now, members of the national security establishment—veterans of both the Obama and Bush administrations—are beginning to speak out publicly against FBI Director Jim Comey’s call to give the government a skeleton key to your private talks.
  • The encryption issue was also one of several small, but telling, ways in which Comey seemed out of sync with some of his fellow members of the national security establishment here at the Aspen Security Forum.
  • This isn’t the first intra-government fight over encryption, Chertoff noted. The last time an administration insisted on a technological back door—in the 1990s—Congress shot down the idea. And despite cries of “going dark” back then, the government found all kinds of new ways to spy. “We collected more than ever. We found ways to deal with that issue,” Chertoff told the forum.
Paul Merrell

TASS: Economy - Greece to confirm construction of natural gas pipeline jointly with Rus... - 0 views

  • Greece supports the plan of building a natural gas pipeline jointly with Russia to be an extension of the Turkish Stream gas pipeline, new Minister of Productive Reconstruction, Environment and Energy of Greece Panos Skourletis said on Monday at the ceremony of responsibilities’ handover from the former minister Panagiotis Lafazanis. Skourletis said the plan of building a new Greek-Russian gas pipeline in the territory of Greece is supported. It opens new opportunities to be used, the minister said. This pipeline is more beneficial for Greece than the planned Trans-Adriatic Pipeline (TAP), Lafazanis said earlier. "The Russian project will provide more benefits because Greece will own a 50% stake in the pipeline and because tariffs will be higher," the ex-minister added. Greek state-owned Energy Investments Public Enterprise S.A. (EIPE S.A.) and Russia’s VEB Capital will be partners in the project. Investments into construction will amount to $2 bln. The project will be 100% financed by the Russian side and will make possible to create 20,000 jobs in Greece. The parties signed the intergovernmental memorandum on cooperation within the framework of building the Turkish Stream gas pipeline extension in Greece at the St. Petersburg International Economic Forum on June 19. Construction of the segment is to start in 2016 and will end at the turn of 2019.
  • Greece supports the plan of building a natural gas pipeline jointly with Russia to be an extension of the Turkish Stream gas pipeline, new Minister of Productive Reconstruction, Environment and Energy of Greece Panos Skourletis said on Monday at the ceremony of responsibilities’ handover from the former minister Panagiotis Lafazanis. Skourletis said the plan of building a new Greek-Russian gas pipeline in the territory of Greece is supported. It opens new opportunities to be used, the minister said. This pipeline is more beneficial for Greece than the planned Trans-Adriatic Pipeline (TAP), Lafazanis said earlier. "The Russian project will provide more benefits because Greece will own a 50% stake in the pipeline and because tariffs will be higher," the ex-minister added.
  • Greek state-owned Energy Investments Public Enterprise S.A. (EIPE S.A.) and Russia’s VEB Capital will be partners in the project. Investments into construction will amount to $2 bln. The project will be 100% financed by the Russian side and will make possible to create 20,000 jobs in Greece. The parties signed the intergovernmental memorandum on cooperation within the framework of building the Turkish Stream gas pipeline extension in Greece at the St. Petersburg International Economic Forum on June 19. Construction of the segment is to start in 2016 and will end at the turn of 2019.
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    See also http://tass.ru/en/infographics/7275 (Gazprom to eliminate gas pipelines to Europe via Ukraine during 2018). 
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