Skip to main content

Home/ Socialism and the End of the American Dream/ Group items tagged paid

Rss Feed Group items tagged

Gary Edwards

Swimming with the Sharks: Goldman Sachs, School Districts, and Capital Appreciation Bon... - 0 views

  • In 2008, after collecting millions of dollars in fees to help California sell its bonds, Goldman urged its bigger clients to place investment bets against those bonds, in order to profit from a financial crisis that was sparked in the first place by irresponsible Wall Street speculation. Alarmed California officials warned that these short sales would jeopardize the state’s bond rating and drive up interest rates. But that result also served Goldman, which had sold credit default swaps on the bonds, since the price of the swaps rose along with the risk of default.
  • In 2009, the lenders’ lobbying group than proposed and promoted AB1388, a California bill eliminating the debt ceiling requirement on long-term debt for school districts. After it passed, bankers traveled all over the state pushing something called “capital appreciation bonds” (CABs) as a tool to vault over legal debt limits. (Think Greece again.) Also called payday loans for school districts, CABs have now been issued by more than 400 California districts, some with repayment obligations of up to 20 times the principal advanced (or 2000%).
  • The controversial bonds came under increased scrutiny in August 2012, following a report that San Diego County’s Poway Unified would have to pay $982 million for a $105 million CAB it issued. Goldman Sachs made $1.6 million on a single capital appreciation deal with the San Diego Unified School District.
  • ...10 more annotations...
  • . . . AB1388, signed by then-Gov. Arnold Schwarzenegger in 2009, [gave] banks the green light to lure California school boards into issuing bonds to raise quick money to build schools. Unlike conventional bonds that have to be paid off on a regular basis, the bonds approved in AB1388 relaxed regulatory safeguards and allowed them to be paid back 25 to 40 years in the future. The problem is that from the time the bonds are issued until payment is due, interest accrues and compounds at exorbitant rates, requiring a balloon payment in the millions of dollars. . . . Wall Street exploited the school boards’ lack of business acumen and proposed the bonds as blank checks written against taxpayers’ pocketbooks. One school administrator described a Wall Street meeting to discuss the system as like “swimming with the big sharks.” Wall Street has preyed on these school boards because of the millions of dollars in commissions. Banks, financial advisers and credit rating firms have billed California public entities almost $400 million since 2007. [State Treasurer] Lockyer described this as “part of the ‘new’ Wall Street,” which “has done this kind of thing on the private investor side for years, then the housing market and now its public entities.”
  • The Federal Reserve could have made virtually-interest-free loans available to local governments, as it did for banks. But the Fed (whose twelve branches are 100% owned by private banks) declined. As noted by Cate Long on Reuters:
  • The Fed has said that it will not buy muni bonds or lend directly to states or municipal issuers. But be sure if yields rise high enough Merrill Lynch, Goldman Sachs and JP Morgan will be standing ready to “save” these issuers. There is no “lender of last resort” for muniland.
  • Among the hundreds of California school districts signing up for CABs were fifteen in Orange County. The Anaheim-based Savanna School District took on the costliest of these bonds, issuing $239,721 in CABs in 2009 for which it will have to repay $3.6 million by the final maturity date in 2034. That works out to $15 for every $1 borrowed. Santa Ana Unified issued $34.8 million in CABs in 2011. It will have to repay $305.5 million by the maturity date in 2047, or $9.76 for every dollar borrowed. Placentia-Yorba Linda Unified issued $22.1 million in capital appreciation bonds in 2011. It will have to repay $281 million by the maturity date in 2049, or $12.73 for every dollar borrowed.
  • In 2013, California finally passed a law limiting debt service on CABs to four times principal, and limiting their maturity to a maximum of 25 years. But the bill is not retroactive. In several decades, the 400 cities that have been drawn into these shark-infested waters could be facing municipal bankruptcy – for capital “improvements” that will by then be obsolete and need to be replaced.
  • Then-State Treasurer Bill Lockyer called the bonds “debt for the next generation.” But some economists argue that it is a transfer of wealth, not between generations, but between classes – from the poor to the rich. Capital investments were once funded with property taxes, particularly those paid by wealthy homeowners and corporations. But California’s property tax receipts were slashed by Proposition 13 and the housing crisis, forcing school costs to be borne by middle-class households and the students themselves.
  • According to Demos, per-student funding has been slashed since 2008 in every state but one – the indomitable North Dakota. What is so different about that state? Some commentators credit the oil boom, but other states with oil have not fared so well. And the boom did not actually hit in North Dakota until 2010. The budget of every state but North Dakota had already slipped into the red by the spring of 2009.
  • One thing that does single the state out is that North Dakota alone has its own depository bank.
  • The state-owned Bank of North Dakota (BND) was making 1% loans to school districts even in December 2014, when global oil prices had dropped by half. That month, the BND granted a $10 million construction loan to McKenzie County Public School No. 1, at an interest rate of 1% payable over 20 years. Over the life of the loan, that works out to $.20 in simple interest or $.22 in compound interest for every $1 borrowed. Compare that to the $15 owed for every dollar borrowed by Anaheim’s Savanna School District or the $10 owed for every dollar borrowed by Santa Ana Unified.
  • How can the BND afford to make these very low interest loans and still turn a profit? The answer is that its costs are very low. It has no exorbitantly-paid executives; pays no bonuses, fees, or commissions; pays no dividends to private shareholders; and has low borrowing costs. It does not need to advertise for depositors (it has a captive deposit base in the state itself) or for borrowers (it is a wholesale bank that partners with local banks, which find the borrowers). The BND also has no losses from derivative trades gone wrong. It engages in old-fashioned conservative banking and does not speculate in derivatives. Unlike the vampire squids of Wall Street, it is not motivated to maximize its bottom line in a predatory way. Its mandate is simply to serve the public interest.
  •  
    " Remember when Goldman Sachs - dubbed by Matt Taibbi the Vampire Squid - sold derivatives to Greece so the government could conceal its debt, then bet against that debt, driving it up? It seems that the ubiquitous investment bank has also put the squeeze on California and its school districts. Not that Goldman was alone in this; but the unscrupulous practices of the bank once called the undisputed king of the municipal bond business epitomize the culture of greed that has ensnared students and future generations in unrepayable debt."
Paul Merrell

The Clintons' Paid-Speech Bonanza | Consortiumnews - 0 views

  • With primary voting set to start next month, one of Hillary Clinton’s remaining hurdles is convincing Democratic voters that she is not beholden to Wall Street and other wealthy interests that have fattened her family’s bank account with tens of millions of dollars for paid speeches, writes Chelsea Gilmour.
  •  
    Someone finally really dug into Hillary's income and campaign donations from big business. One might suspect that Hillary's campaign trail promises to rein in Wall Street were accompanied with private assurances that she has no true intent to do so, given that the Wall Street speeches for profit and for campaign donations continued to roll in. Hillary: the wrong woman for the first female U.S. president. 
Paul Merrell

Lt. Gen. Bogdan Hedges on Operational Testing - 0 views

  • Several weeks ago, the Project On Government Oversight announced its cautious optimism upon learning the Director of Operational Test & Evaluation (DOT&E) planned to conduct a close air support (CAS) fly-off between the proven A-10 and the yet-to-be proved F-35. The cautious aspect of that optimism has been proven to be warranted. Under questioning by Representative Martha McSally (R-AZ), a former A-10 pilot, F-35 program executive officer Lt. Gen. Christopher Bogdan (USAF) dismissed the idea of a comparative test as irrelevant. The exchange occurred during a House Armed Services subcommittee hearing on updates to the Joint Strike Fighter program. General Bogdan’s remarks echo earlier comments by Air Force Chief of Staff Gen. Mark Welsh, who described the proposed test as a “silly exercise.” Dr. Michael Gilmore, Director of Operational Test & Evaluation, said in late August, “The comparison tests on the close-air support mission will reveal how well the F-35 performs and whether there are gaps, or improvements in capability, compared to the A-10.”
  • When asked by Rep. McSally to comment about the comparative tests, Lt. Gen. Bogdan acknowledged the F-35 would not do as well as the A-10 in such a test. He smugly compared the test to a decathlete competing against a champion sprinter in a 100 meter race. “I don’t have to run that race to know who is going to win it,” he said. “What I prefer to do is test the F-35 in its close air support role as the Air Force sees the requirements for that mission for the F-35,” the General said. The test envisioned by the Air Force would be conducted in the manner it wants to conduct close air support missions in the future, not in the way decades of experience has proven it must be conducted in order to be effective on the battlefield. The Air Force wants these missions to be conducted from high altitudes using digital communications and precision munitions. In other words, it wants to accomplish the mission only through high-tech means from a distance, rather than getting low to the ground where pilots and ground controllers are able to coordinate in a way which has been used to great effect for decades.
  • In a recent documentary, an A-10 pilot talked about the sensors available to help them correlate targets on the ground to ensure a precision strike. But in nearly the same breath, he described their shortcomings as well. “That will never replace just looking right, outside of my cockpit and looking at the battlespace. What am I seeing out there, big-picture?” That level of situational awareness only develops when a pilot is able to fly low and slow over the battlefield.  That will be lost by F-35 pilots who will be restricted to much higher altitudes and speed. They will be forced there because, as Michael Gilmore said while testifying at an earlier hearing, “The (F-35) has some vulnerabilities that you would expect a high performance aircraft to have. The A-10 is going to be able to, can take, hits an F-35 couldn’t take.” The United States has already been through this process before and learned painful and expensive lessons by ignoring proven methods of designing effective weapons systems. Pierre Sprey, a veteran of many bureaucratic battles while designing effective aircraft, says the correct approach to this process is to first understand the mission the system is to perform: you’ve “got to start with what really happens in combat,” Sprey said in a recent interview.
  • ...2 more annotations...
  • Sprey, one of the principle designers of the A-10, said an effective close air support aircraft is one that can “be able to get in close enough to see [friendly troops on the ground] and what they’re opposing and what their dangers are, how they’re about to be ambushed, what tanks they’re facing, what machine gun nests they’re facing.” “You come flashing by there at 500 miles an hour, you’re hopeless and useless,” Sprey said, referring to traditional fighters designed for air-to-air combat. He and the rest of the A-10 design team began that process by interviewing many veteran pilots with experience flying CAS missions. They then matched technology with the way the aircraft would actually be used. This was a radical approach then, and now. What Lt. Gen. Bogdan admitted in his testimony was the F-35 has been engineered to incorporate favored technology. The technology is dictating how troops will be able to fight rather than battlefield experience shaping the technology incorporated in the aircraft. Rep. McSally sees dangers ahead with such an approach. “I think us envisioning that we’re never going to have close air support where guys are on the run, they’re out of ammo, they’re doing a mirror flash into your eye, they don’t have time to do stand-off CAS because of the conflict circumstances, if we think that’s never going to happen again, I think we’re lying to ourselves.”
  • The debate about the proposed tests will continue for some time. The F-35 is still years away from having the ability to go through these tests because the software needed to employ the necessary weapons will not be complete until 2017 at the earliest. In the intervening years, it is essential for Congress to continue reaffirming annually its commitment to the troops on the ground by mandating a completely intact A-10 force until another platform is proven to perform this vital mission at least as well as the Warthog.
  •  
    The A-10 has one major vulnerability; it's bought and paid for. Defense contractors don't get paid as much to manufacture spare parts for it as they are getting from the F-35 program, the most expensive weapons platform in U.S. history. But the F-35 can't do close air support, something the A-10 excels at. But Air Force generals are willing to have troops on the ground be killed to keep the F-35 boondoggle going. They've tried to retire the A-10 repeatedly, only to be blocked by members of Congress who understand the importance of the ground support mission. "By 2014, the program was "$163 billion over budget [and] seven years behind schedule."[19] Critics further contend that the program's high sunk costs and political momentum make it "too big to kill." https://en.wikipedia.org/wiki/Lockheed_Martin_F-35_Lightning_II
clausonlaw22

How Much Does Mental Health Disability Pay In 2023 - 0 views

  •  
    How Much Does Mental Health Disability Pay In 2023 Social Security Disability Insurance (SSDI or SSD) is the sole source of income for millions of Americans who are unable to work due to a non-work-related injury or illness. SSDI benefits are available only to workers and former workers with a substantial employment history. Both physical and mental disabilities are covered under the Social Security Act. While SSDI pays the same benefits for qualifying mental impairments as it does for physical impairments, the amount each individual receives in benefits depends on their history of earnings. This blog post will explain how Social Security defines qualifying disabilities, including mental impairments, and determines each individual's benefit payment. At The Clauson Law Firm, we know how important it is for every disability applicant and benefit recipient to understand how their benefits are arrived at, what affects their continued benefits, and how their benefits can change over time. Contact Clauson Law today if you have questions about qualifying for SSDI benefits or need help filing a claim or appealing a denial. We've helped thousands of disabled people across the U.S. with their disability claims. Mental Impairments And Social Security Disability More than 40% of SSD cases in the United States have some mental health or intellectual impairment as a component in the claim. Mental health impairments can result from an almost unlimited array of circumstances, including traumatic stress; depression; genetic predisposition to depression, bipolar disorder, or schizophrenia; or traumatic brain injury (TBI); one of the many forms of dementia; and others. The ways in which mental impairments affect the person suffering can often interfere with their ability to perform work on a regular basis. These are discussed in detail in the section "Common Mental Disabilities that May Qualify for SSDI" below. But first, let's look at how you qualify for SSD benefits and how you
  •  
    How Much Does Mental Health Disability Pay In 2023
Gary Edwards

Doug Casey on American Socialism - Casey Research - 0 views

  •  
    "Doug Casey on American Socialism"  .  Awesome interview, especially the discussion on Liberalism and how the socialist Norman Thomas decided to co-opt the term as an effective replacement for the disreputable socialism.  Links to the Thomas 1932 socialist platform that Casey points out has pretty much been put into place.   Good discussion.  Focus on an article published by socialist apologist and idiot, Allan Colmes.
  •  
    I agree that Colmes is far from the sharpest knife in the drawer. In my opinion, he was largely a Fox News invention to give Shawn Hannity a far weaker opponent to argue against that Hannity's idiocy could still overcome. There are in reality liberals that Hannity could never have gone toe-to-toe with. (That's not an endorsement of liberalism; it's commentary on the quality of Hannity's arguments.) The show was mostly a variant of the straw man logical fallacy; the fact that Colmes lacked the ability to think critically or communicate effectively made Hannity "win" the pseudo-debate in the eyes of those unable to think critically themselves. I have some criticism of Casey's remarks that apply more generally to my experience of strict Libertarians and perhaps even farther to strict adherents to any "ism." My criticism boils down to a couple of examples of hard issues usually avoided by strict Libertarians. -- The Disabled: When discussing Social Security disability benefits, Casey changes the subject from the genuinely disabled to a short rant about those whose disability claims are bogus and the "ambulance chasing" lawyers who pursue their claims. But if pressed to the wall and forced to answer, I strongly suspect that Casey would admit that there are people, likely the majority of Social Security disability benefits, whose claims are genuine. The net effect of his relevant argument: an impression that he has a Darwinian view that he would leave the disabled dying in the streets without sustenance or medical care. That kind of society is unacceptable to me. Perhaps it is to Casey too, but if so I think it was incumbent on him to offer a solution for the genuinely disabled. (In fairness, I'll note that at one point Casey hinted but did not forthrightly say that he would favor financial assistance for single mothers in Harlem.) -- Medical Care: I agree that our health care system is badly broken. But again Casey is long on criticism but short on realistic idea
Paul Merrell

How US Propaganda Plays in Syrian War - Consortiumnews - 0 views

  • U.S. foreign policymakers have experimented at planting propaganda in social media and then citing it as evidence to support their goals, a process now playing out in the Syrian “regime change,” as Rick Sterling explains.
  • The major achievement of The Syria Campaign has been the branding and promotion of the “White Helmets,” also known as “Syria Civil Defense,” which began with a British military contractor, James LeMesurier, giving some rescue training to Syrians in Turkey with funding provided by the U.S. and U.K. The group stole this name from the REAL Syria Civil Defense as documented in this recent report from Aleppo. The “White Helmets” are marketed in the West as civilian volunteers doing rescue work. On Sept. 22, it was announced that the Right Livelihood Award , the so-called “Alternative Nobel Prize,” is being given to the U.S./U.K.-created White Helmets “for their outstanding bravery, compassion and humanitarian engagement in rescuing civilians from the destruction of the Syrian civil war.”  But the White Helmets are largely a propaganda tool promoting Western intervention against Syria. Unlike a legitimate rescue organization such as the Red Cross or Red Crescent, the “White Helmets” only work in areas controlled by the armed opposition. As shown in this video, the White Helmets pick up the bodies of individuals executed by the terrorists; they claim to be unarmed but are not; and they falsely claim to be neutral.
  • Many of the videos from Al Qaeda/terrorist-dominated areas of Syria have the “White Helmets” logo because the White Helmets work in alliance with these extremist groups as primarily a media marketing tool to raise public support for continuing the support to the armed opposition as well as the demonization of the Syrian government.  The Rights Livelihood press release said the White Helmets “remain outspoken in calling for an end to hostilities in the country.” But that is false, too. The White Helmets actively call for U.S./NATO military intervention through a “No Fly Zone,” which would begin with attacks upon and destruction of government anti-aircraft positions and aircraft. A Major Act of War Taking over the skies above another country is an act of war that would require a major U.S. military operation, according to senior American generals.
  • ...6 more annotations...
  • The New York Times reported that in 2012 General Martin E. Dempsey, chairman of the Joint Chiefs of Staff, told the White House that imposing a no-fly zone in Syria would require up to 70,000 American servicemen to destroy Syria’s antiaircraft system and then impose round-the-clock control over Syrian airspace. General Carter Ham, former commander of the U.S. Africa Command who oversaw the aerial attacks on Libya in 2011, said on CBS News that “I worry sometimes that, when people say ‘impose a no-fly zone,’ there is this almost antiseptic view that this is an easily accomplished military task. It’s extraordinarily difficult. … “It first entails — we should make no bones about it. It first entails killing a lot of people and destroying the Syrian air defenses and those people who are manning those systems. And then it entails destroying the Syrian air force, preferably on the ground, in the air if necessary. This is a violent combat action that results in lots of casualties and increased risk to our own personnel.”
  • In other words, an appeal for a “no-fly zone” is not a call for a non-violent solution. It is seeking a bloody act of war by the United States against Syria, a nation that poses no threat to America. It also would almost surely be carried out in violation of international law since a United Nations Security Council resolution would face vetoes from Russia and probably China. Also, the White Helmets have never criticized or called for the end of funding to extremist organizations including Nusra Front, Al Qaeda’s Syrian affiliate. On the contrary, White Helmets are generally embedded with this organization which is defined as “terrorist” by even the U.S., which is likely why the head of the White Helmets, Raed Saleh, was denied entry to the U.S. The foreign and marketing company origins of the White Helmets were exposed over 1½ years ago – and since then, writer Vanessa Beeley has revealed the organization in more depth in articles such as “Who Are the White Helmets?” and “War by Way of Deception.”  Despite these exposés, understanding of the White Helmets is limited, with many liberal and progressive people uncritically accepting the propaganda and misinformation about Syria. Much of the progressive media has effectively blocked or censored critical examinations amid a flood of propaganda about “barrel bombs” dropped by the “brutal dictator” and his “regime.” 
  • In the last week, Netflix started showing a 40-minute documentary movie about the “White Helmets” that amounts to a promotional video. A substantial portion of it takes place in Turkey where we see trainees in hotel rooms making impassioned phone calls to inquire about their families in Syria.  The “family values” theme is evident throughout, a good marketing angle. The political message of the video is also clear: after a bombing attack, “It’s the Russians …. they say they are fighting ISIS but they are targeting civilians.” The movie includes video previously promoted by the White Helmets such as the “Miracle Baby” rescue, an incident that may or may not have been staged. The video includes self-promoting proclamations such as “You are real heroes.” While no doubt there are some real rescues in the midst of war, many of the videos purporting to show the heroes at work have an unrealistic and contrived look to them as revealed here.
  • “Alternative media” in the West has echoed mainstream media regarding the Syria conflict. The result is that many progressive individuals and groups are confused or worse. For example, the activist group CodePink recently issued a media release promoting the Netflix White Helmets propaganda video. 
  • The White Helmets video is produced by Grain Media and Violet Films/Ultra-Violet Consulting, which advertises itself as a marketing corporation specializing in social media management, grant writing, crowd building and campaign implementation. The only question is who paid them to produce this video.  There is growing resistance to this manipulation and deception. In response to a petition to give the Nobel Peace Prize to the White Helmets, there is a counter petition at Change.org. Following the Right Livelihood Awards’ announcement, there will soon be a petition demanding retraction of the award to the White Helmets. The story of the White Helmets is principally a “feel good” hoax to manipulate public perception about the conflict in Syria and continue the drive for “regime change.” That’s why big money was paid to “Purpose” to “incubate” The Syria Campaign to brand and promote the White Helmets using Facebook, Twitter, etc. That’s why more big money was paid to create a self-promotional documentary. 
  • The judges at Rights Livelihood were probably influenced by the documentary since critical examination of facts around Syria is so rare. It’s a sad commentary on the media. As veteran war correspondent Stephen Kinzer recently wrote, “Coverage of the Syrian war will be remembered as one of the most shameful episodes in the history of the American press.”
Paul Merrell

The Credit Card Gravy Train » CounterPunch: Tells the Facts, Names the Names - 0 views

  • You pay off your credit card balance every month, thinking you are taking advantage of the “interest-free grace period” and getting free credit. You may even use your credit card when you could have used cash, just to get the free frequent flier or cash-back rewards. But those popular features are misleading. Even when the balance is paid on time every month, credit card use imposes a huge hidden cost on users—hidden because the cost is deducted from what the merchant receives, then passed on to you in the form of higher prices. Visa and MasterCard charge merchants about 2% of the value of every credit card transaction, and American Express charges even more. That may not sound like much. But consider that for balances that are paid off monthly (meaning most of them), the banks make 2% or more on a loan averaging only about 25 days (depending on when in the month the charge was made and when in the grace period it was paid). Two percent interest for 25 days works out to a 33.5% return annually (1.02^(365/25) – 1), and that figure may be conservative. Merchant fees were originally designed as a way to avoid usury and Truth-in-Lending laws. Visa and MasterCard are independent entities, but they were set up by big Wall Street banks, and the card-issuing banks get about 80% of the fees. The annual returns not only fall in the usurious category, but they are returns on other people’s money – usually the borrower’s own money!  Here is how it works . . . .
Joseph Skues

Being sick in France ; French social security ; retirement in France - 0 views

  • the system is very efficient : the administrative cost of the health system is around 4,5% (for US private insurance companies : 10 to 13%) and 1,2% for the retirement system (vs. around 10% for most pension funds). The health system reimburses very quickly (after four days).
  • 22 Euros
  • "three best symbols of the French nation" are the flag, the health and the Marseillaise
  • ...20 more annotations...
  • each regional organization (Caisse) is managed by a board composed 50/50 of representatives of labor unions on one side, employers associations on the other side, with the State playing the role of a referee
  • it is not accurate to call it a "socialized
  • when a family is expecting a child, it gets approximately 2,000 Euros in three installments (the first two of them corresponding to a mandatory medical visit, the third to the birth) ; then the family receives a monthly allowance till the child is 20 (for two children or more, around 100 Euros/month/child) ;
  • minimal pension (in the range of 750 Euros/month) to any person who has worked 40 years
  • For the French, it is just unthinkable that, if you lose your job, you also lose your health plan
  • This is a typical example of what the French call their "social model" and one of the few where, in my opinion, the USA could learn something from the French experience. Read my opinion about it "Socialized medicine : give me a break".
  • all companies, whatever their size, must provide their staff with an annual visit to a doctor ; in big companies it is a in-house doctor, in small companies an external doctor who comes for the annual controls
  • (otherwise, you'll be reimbursed a little less)
  • SOS Medecin tel. 01 47 07 77 77 : very reasonably priced (around 70 Euros) and efficient, a doctor in your house in less than an hour
  • Basic tips for tourists you can see any doctor (they also make house calls for a small supplement) for a cost of around 22 Euros ($ 30) but you will not be reimbursed by Social Security if you are not part of the French Social Security system you can be treated by any French hospital in case of emergency (they will talk about money AFTER treating you...) you can buy certain drugs over the counter in a pharmacy but a lot of them require a doctor's prescription ; don't be surprised if you do not find US drug brand names, you are in another country ! If your French isn't good, there are two hospitals with English-speaking staff : the American Hospital, 63 blvd Victor Hugo 92202 Neuilly, Tel. 33-(0)1 46 41 25 25 ; Email : patient@ahp-paris.com the British Hospital, 3 rue Barbès 92300 Levallois Tel. 33-(0)1 46 39 22 22 Public or private ? For a serious case, it is often wiser to go to a public hospital, especially a CHU (Centre Hospitalo-Universitaire). In case of a (real) emergency call SAMU (this is a day and night emergency service tel. 15) or les pompiers (fire-brigade) who provide 24 hour-emergency service (tel. 18). Useful numbers for emergencies (other than 15) :
  • The World Health Organization (WHO) has ranked the health system of its 191 member countries and France tops the list for providing the best overall health care (UK ranks 18 and USA ranks 37) (source : International Herald Tribune June 21,2000).
  • Health coverage by Social Security ("Sécurité Sociale") is mandatory and paid both by the employee (1/4) and the employer (3/4).
  • In the USA the Emergency staff is a driver whose job is to take you as fast as possible to the hospital, whatever your condition, in a fast ambulance. In France, the SAMU team includes a MD whose job is to do as much as he can before taking you to the hospital in a more heavily-equipped ambulance. Both ways have their pros and cons, but dont be horrified if you see an ambulance NOT moving....
  • DID YOU KNOW THAT....? In France, the maternity leave is 16 weeks minimum (of course paid 100% of the salary!), plus one month minimum if the baby is breast-fed ; "paternity" leave is two weeks ; new mothers spend 3 to 6 days in the hospital.
  • To related pages : a column of the Health system (#2), an American article on the French health system (#3), etc....
  • French doctors are not very different from American doctors, except they make much less money (three or four times?) and are probably much more accessible, less protected by a dragon-secretary.
  • All expenses are paid by the company and of course the employee does not pay a cent. The 20-minute visit includes whatever check-up seems appropriate (heart, eyes, stress, depression...). The doctor cannot prescribe medecine but can prescribe a visit to the doctor is something new that is wrong or needs a more thorough check is detected.
  • You have to pay ONE Euro more (not reimbursable) for every visit to the doctor
  • The system is threefold : Health, Family and Retirement, each of them has different structures and financing ; each of them is financially autonomous (no taxpayer's money -
  • The system is threefold : Health, Family and Retirement, each of them has different structures and financing ; each of them is financially autonomous ( no taxpayer's money
Joseph Skues

Bechtel Corporation: Key U.S. Benefits - 0 views

  • one-on-one health coaching
  • earn wellness credits each pay period, which may be applied toward the cost of medical coverage or taken as additional taxable income.
  • other healthy activities may be available such as weight management programs and free flu shots.
  • ...12 more annotations...
  • Coverage is available f
  • recognizes registered domestic partners for all applicable benefits. 
  • Confidential, short-term outpatient counseling services are offered at no cost
  • at no cost to employees. Basic life insurance Business travel accident insurance Company paid accident insurance
  • Both plans allow employees to contribute up to $5,000 each year to each plan
  • nine paid holidays a year in the United States
  • 20 days (160 hours) of paid time off per year, up to 80 days
  • for vacation, sick leave, personal time off, or religious observance.  
  • This option allows employees to “buy” an additional 40 hours of vacation. The employee’s salary is reduced by one week’s pay, with the reduction spread over the entire year.
  • Company matching and profit sharing contributions begin after one year of service. Immediate vesting entitles employees to the full value of company contributions.
  • Additional Benefits Additional benefits include Bechtel
  • University online training
Gary Edwards

Porter Stansberry : This key gov't statistic is signaling crisis - 0 views

  • These obligations aren't future promises to pay. This isn't Medicare spending projected out until 2040. These are all obligations that either have known maturities or will come due in the next two or three years.
  • What's a reasonable rate of interest on these debts? Right now, it costs the U.S. government almost 5% to borrow for 30 years. Let's assume the blended borrowing cost goes to that amount – which is well below the government's average borrowing costs since 1980. That would equal $1 trillion in interest payments due, per year. That's 100% of all income taxes paid in 2009.
  •  
    Key Stat: The amount of the government's revenues that must go towards paying interest. The U.S. already has more debt than it can afford, which puts it at an enormous risk of a debt and currency collapse.  ... Our "short term" debt means we'll have to "roll over" roughly $4 trillion in the next 30 months. That's in addition to funding another $3 trillion or so in additional annual deficits. As of today, China is a net seller of Treasury debt. If we can't fund our debts in the bond market, the Federal Reserve will be forced to monetize our deficits by buying Treasury bonds. If that happens, inflation will soar and the price of gold will double or triple almost overnight. By the end of OBAMA!'s first presidency (2013), I believe the U.S. will owe roughly: $17.8 trillion in federal debt, $2 trillion in GSE debt/guarantees, $500 billion in FDIC obligations, and $500 billion in FHA obligations. My only big assumption is $1.5 trillion in additional deficits each year, which is what the president's budget also predicts.  Right now, it costs the U.S. government almost 5% to borrow for 30 years. Let's assume the blended borrowing cost goes to that amount - which is well below the government's average borrowing costs since 1980. That would equal $1 trillion in interest payments due, per year. That's 100% of all income taxes paid in 2009. This amount of debt isn't sustainable. Felix Zulauf, one of Europe's top money managers, "Eventually the U.S. will arrive at the point where, as Marc Faber says, interest payments on government debt all of a sudden go to 20%, 25%, 30% of tax revenue. And once you go above 30%, you are done. You go into default or your currency breaks down and your system collapses."  act now to protect yourself. If you wait until the last minute to get your assets out of the U.S., you'll never make it.
Gary Edwards

Bankster Roubini Attacks Austrian Economists : EconomicPolicyJournal.com: - 1 views

  • Austrians view the IMF etc. as bankster enforcers, who exist for one reason and one reason only, to ensure that the banksters are paid. Austrians view the current increased taxes, as part of austerity programs in PIIGS countries, with horror, and as the state taking by force from the people and handing the funds to the banksters.
  • Rather than banksters getting paid, Austrians would rather see the the PIIGS countries go into bankruptcy, default on their debt and free the people.
  • Treasury default is the Austrian solution, not phony "austerity" programs of tax reform, aka tax increases, and government programs that are "paid for" by shuffling imaginary cuts in to later years.
  • ...2 more annotations...
  • The same view holds with regard to the Austrian position on US Treasury debt.
  • Austrians aren't in favor the current size of government, anywhere. It's not about austerity, but about eliminating the government money grab on behalf of banksters.
  •  
    Cut to the chase explanation of Austrian economics:  Banksters and their IMF collection arm want to roll over the sovereign debt of EU nations (PIIGS), subsidized by tax paying citizens.  The Banksters want the Sovereign debt of a few nations "nationalized" so that the loses are shared by the entire EU - and taken off the Bankster books. The Austrian economics handbook says that these Sovereign debters should go into default immediately, and declare bankruptcy.  The Banksters should take the hit for making the bad loans in the first place.  No bailouts. 75% of German tax payers support the Austrian plan!
Paul Merrell

Louis Freeh's Latest Investigation: Billionaire Businessman Accused of Bribing African ... - 0 views

  • Louis Freeh, the former FBI director whose wife was deeded half of a $3 million beachside penthouse by a businessman–just nine days after Freeh cleared that same businessman of wrongdoing–is onto a new job: Helping exonerate a billionaire businessman accused of bribing an African government. As I reported here the other day, Freeh has made piles of money since leaving government service by hiring himself out to conduct allegedly independent corporate and political investigations.  These investigations are clearly a growth business, because now Freeh’s firm is helping coordinate the defense of an Israeli billionaire who is being investigated on three continents in regard to bribes he allegedly paid to win a mining stake in one of the world’s poorest countries.
  • The case involves Israeli billionaire Beny Steinmetz, who controls BSGR, a holding company that in 2008 obtained a huge stake in a gigantic iron mine in the West African nation of Guinea. BSGR reportedly paid nothing for its rights to Simandou and two years later flipped 51% of its stake to a Brazilian mining giant for $2.5 billion – twice the size of Guinea’s annual budget. The deal was consummated two weeks before the death of Lansana Conté, a homicidal dictator who had ruled since a 1984 coup. An investigation by the current government of Guinea found that a shell company controlled by BSGR paid at least $2.4 million to Mamadie Touré, a wife of the former dictator, in return for her help in acquiring the rights to the mine for BSGR. Earlier this year the government annulled BSGR’s stake in the mine, saying the firm had obtained it through corruption. Police in France and Switzerland raided offices linked to Steinmetz, and in the United States, there is an ongoing court case in the Southern District of New York about the Simandou affair as well as a huge Foreign Corrupt Practices Act investigation led by the Justice Department. The Justice Department could indict Steinmetz if it’s shown that he played a direct role in paying bribes. (See this fantastic New Yorker account if you want the full story. Also see the great work by Global Witness.)
Paul Merrell

The United Nations' Response to ISIS Beheadings in Syria. "Resolutions" Calling for "Re... - 0 views

  • Following the gruesome beheading of James Foley, by a terrorist group called “The Islamic State of Iraq and Syria,” and the group’s threats to behead other captives in August 2014, The New York Times headline on page A19 reads, with Kafkaesque “logic”:  “U.S. Invokes Defense of Iraq in Legal Justification of Syria Strikes.”  US/NATO had failed, for three years, to get UN Security Council authorization for military action against Syria, and unilateral military action against Syria would be a violation of international law. However, the very visible emergence of ISIS, now defined as the most dangerous terrorist organization in the Middle East, or, perhaps, globally, and their widely publicized video beheadings of James Foley, Steve Sotloff and others, appeared to give some form of de facto justification for broader military action, including against Syria.  On August 22, 2014, The New York Times reported, page A6: “When the United States began airstrikes in Iraq this month, senior Obama administration officials went out of their way to underscore the limited nature of their action.  ‘This was not an authorization of a broad-based counterterrorism campaign,’ a senior Obama administration official told reporters at the time.  But the beheading of an American journalist and the possibility that more American citizens being held by the group might be slain has prompted outrage at the highest levels of the American government.”
  • In an interview with Anderson Cooper, Diane Foley stated that a military official forbade the family from going to the media and threatened to prosecute them for supporting terrorism if they attempted to raise the $1.32 million dollar ransom demanded by ISIS. “Three times he intimidated us with that message.  We were horrified he would say that.  He just told us we would be prosecuted.  We knew we had to save our son, we had to try,” Mrs. Foley told Anderson Cooper. Foley’s brother, Michael noted in an interview that he was ‘directly threatened with possible prosecution for violating anti-terrorism laws by a State Department official.”  Reporter Michael Isikoff states, in a September 12 article: “The parents of murdered journalist Steven Sotloff were told by a White House counterterrorism official at a meeting last May that they could face criminal prosecution if they paid ransom to try to free their son.”
  • Indeed, it can be asserted that these same administration officials who claimed “outrage” after the beheadings, inflicted the most extreme psychological torture upon the families of James Foley and Stephen Sotloff, who were desperately trying to save the lives of their sons and brother. On September 12, 2014, ABC news reported:  “Obama administration officials repeatedly threatened the family of murdered journalist James Foley that they might face criminal charges for supporting terrorism if they paid ransom to the ISIS killers who ultimately beheaded their son, his mother and brother said this week.  ‘We were told that several times and we took it as a threat and it was appalling,’ Foley’s mother Diane told ABC news in an interview.  She said the warnings over the summer came primarily from a highly decorated military officer serving on the White House National Security Council staff, which five outraged current and former officials with direct knowledge of the Foley case also recounted to ABC news in recent weeks.”
  • ...4 more annotations...
  • Mrs. Foley diplomatically implies that her son’s death was in the “strategic interest” and she stops just short of accusing the administration of using her son’s beheading as the fig-leaf they needed to justify the administration’s unilateral attack on Syria, which was in violation of international law. If saving Foley was not in the “strategic interest,” a very frightening possibility exists. The murders of Foley and Sotloff, both of whom were beheaded by ISIS, were called ‘acts of barbarism’ by Obama in his speech announcing a military campaign to destroy the terrorist organization. Frenzied hysteria over human rights abuses in Syria continues to be incited by mainstream media, as the middle east is fragmented and decomposed by US/NATO bombings and internecine warfare so complex that the UN’s call for the “diplomatic resolution” of multiple devastating conflicts becomes an increasingly remote possibility.  Saudi Arabia and Qatar continue arming the terrorist opposition.
  • “Sotloff’s father, Art, was ‘shaking’ after the meeting with the official, who works for the National Security Council.  Sources close to the family say that at the time of the White House meeting the Sotloffs and Foleys were exploring lining up donors who would help pay multimillion dollar ransoms to free their sons.  But after the meeting those efforts collapsed, one source said, because of concerns that ‘donors could expose themselves to prosecution.’” James Nye for Mailonline reported:  “Mrs. Foley poured scorn on the Pentagon’s claim they tried to rescue Foley on July 4, only to raid the wrong base…Throughout the 20 month ordeal, Mrs. Foley said she came to regard her and her family’s efforts to rescue James as an ‘annoyance’ to the administration and began to feel that their desperation to bring James Foley home did not ‘seem to be in the strategic interest, if you will.’”
  • The front page headline states:  “U.S. General Says Raiding Syria is Key to Halting Isis.  The Islamic State in Iraq and Syria cannot be defeated unless the United States or its partners take on the Sunni militants in Syria,’ General Martin Dempsey, Chairman of the Joint Chiefs of Staff said on August 21, 2014. ‘This is an organization that has an apocalyptic end-of-days strategic vision that will eventually have to be defeated.  Can they be defeated without addressing that part of the organization that resides in Syria?  The answer is no.” Public horror at the beheading of James Foley and Steven Sotloff transformed public reluctance to engage in yet another seemingly endless and futile distant war, paid for by the U.S. taxpayer, into public outrage and support for retaliation against the terrorists who beheaded Foley and Sotloff.  US/NATO now had a de facto form of support and legitimacy for attacking Syria.  Given little publicity, however, then and now, was the fact that ISIS offered to exchange the lives of James Foley and Stephen Sotloff for $100 million dollars in ransom.  Although top U.S. officials used their “outrage” at the beheading of Foley and Sotloff to “justify” a unilateral attack on Syria, they were not sufficiently outraged to do what was necessary to prevent these beheadings, which, once executed, provided a convenient fig-leaf for the attack on Syria for which  they had sought and failed to attain legal justification during the preceding three years.
  • At the same time that the military-industrial complex thrives on huge profits derived from these geo-politically engineered conflicts, it is worth recalling the September 10, 2014 report by Mazzetti, Schmitt and Landler in The New York Times: “Washington – “The violent ambitions of the Islamic State in Iraq and Syria have been condemned across the world:  in Europe and the Middle East, by Sunni nations and Shiite ones, and by sworn enemies like Israel and Iran.  Pope Francis joined the call for ISIS to be stopped. “As President Obama prepares to send the United States on what could be yearslong military campaign against the militant group (ISIS), American intelligence agencies have concluded that it poses no immediate threat to the United States.  Some officials and terrorism experts believe that the actual danger posed by ISIS has been distorted in hours of television punditry and alarmist statements by politicians, and that there has been little substantive public debate about the unintended consequences of expanding American military action in the Middle East. “Daniel Benjamin, who served as the State Department’s top counterterrorism adviser during Mr. Obama’s first term, said the public discussion about the ISIS threat has been a ‘farce,’ with ‘members of the cabinet and top military officers all over the place describing the threat in lurid terms that are not justified.’  “It’s hard to imagine a better indication of the ability of elected officials and TV talking heads to spin the public into a panic, with claims that the nation is honeycombed with sleeper cells, that operatives are streaming across the border into Texas or that the group will soon be spraying Ebola virus on mass transit systems – all on the basis of no corroborated information,’ said Mr. Benjamin, who is now a scholar at Dartmouth College.”
  •  
    The Feds' "no ransom" policy might better be changed to "pay the ransom then extract retribution." It would still serve as a deterrent. Nonetheless, that policy is now part of a U.N. Security Council Resolution. 
Paul Merrell

Isis gains in Syria put pressure on west to deliver more robust response | World news |... - 0 views

  • As US aircraft continued to pound the Islamist militants in northern Iraq, the Obama administration was studying a range of options for pressuring Isis in Syria, primarily through training "moderate" Syrian rebels as a proxy force, with air strikes as a possible backup.
  • The favoured option, according to two administration officials, is to press forward with a training mission, led by elite special operations forces, aimed at making non-jihadist Syrians an effective proxy force. But the rebels are outgunned and outnumbered by Isis and the administration still has not received $500m from Congress for its rebel training plans. Pentagon officials said they had yet to work out what the training program would actually look like, where it will be hosted, or if air strikes on Isis targets in Syria will support it. For all the internal administration focus on propping up moderate Syrian rebels, the US military would not be able to begin training them until October, the earliest that Congressional approval could be obtained for the required funding and authorisation. Kirby said he was unaware of any "plan to accelerate it". Nor have critical details for the training program been worked out, despite it being effectively the lynchpin of what the administration considers a long-term plan to defeat Isis. "I can't tell you where it would take place, or how many people would be trained, and there's still a vetting process that needs to be fully developed here," Kirby conceded.
  • the White House went further than before in its condemnation of Isis, describing the killing of Foley as an act of terrorism. "When we see somebody killed in such a horrific way, that represents a terrorist attack against our country and against an American citizen, Rhodes said, saying the US would do whatever necessary to protect Americans in future."We are actively considering what is necessary to deal with that threat and we are not going to be restricted by borders," said Rhodes, briefing reporters at Martha's Vineyard, where the president is on vacation.
  •  
    That is not a winning strategy. The Free Syrian Army has been a joke from the beginning, a largely fictional entity composed of "moderates" used as political cover for the U.S. to smuggle weapons to mercenaries paid by Saudi Arabia that operated under the "Al Nusrah" flag. Most of Al Nusrah and the FSF joined ISIS after the U.S. attack on Syria was called off last year. The real "moderates" in Syria are fighting for the Syrian government. So I view this "strategy" as mere window dressing so the Obama Administration can claim that it has one. 
  •  
    That is not a winning strategy. The Free Syrian Army has been a joke from the beginning, a largely fictional entity composed of "moderates" used as political cover for the U.S. to smuggle weapons to mercenaries paid by Saudi Arabia that operated under the "Al Nusrah" flag. Most of Al Nusrah and the FSF joined ISIS after the U.S. attack on Syria was called off last year. The real "moderates" in Syria are fighting for the Syrian government. So I view this "strategy" as mere window dressing so the Obama Administration can claim that it has one. 
Paul Merrell

1975 Video: CIA Admits to Congress the Agency Uses Mainstream Media to Distribute Disin... - 0 views

  • It has been verified by a source who claims she was there that then-CIA Director William Casey did in fact say the controversial and often-disputed line “We’ll know our disinformation program is complete when everything the American public believes is false,” reportedly in 1981. Despite Casey being under investigation by Congress for being involved in a major disinformation plot involving the overthrow of Libya’s Qaddafi in 1981, and despite Casey arguing on the record that the CIA should have a legal right to spread disinformation via the mainstream news that same year, this quote continues to be argued by people who weren’t there and apparently cannot believe a CIA Director would ever say such a thing. But spreading disinfo is precisely what the CIA would — and did — do. This 1975 clip of testimony given during a House Intelligence Committee hearing has the agency admitting on record that the CIA creates and uses disinformation against the American people.
  • Question: “Do you have any people being paid by the CIA who are contributing to a major circulation — American journal?” Answer: “We do have people who submit pieces to American journals.” Question: “Do you have any people paid by the CIA who are working for television networks?” Answer: “This I think gets into the kind of uh, getting into the details Mr. Chairman that I’d like to get into in executive session.” (later) Question: “Do you have any people being paid by the CIA who are contributing to the national news services — AP and UPI?” Answer: “Well again, I think we’re getting into the kind of detail Mr. Chairman that I’d prefer to handle at executive session.”
  • It’s easy enough to read between the lines on the stuff that was saved for the executive session. Then-CBS President Sig Mickelson goes on to say that the relationships at CBS with the CIA were long established before he ever became president — and that’s just one example. Considering 90% of our media today has been consolidated into six major corporations over the past decade, it’s not hard to see that you shouldn’t readily believe everything you see, hear or read in the “news.” “I thought that it was a matter of real concern that planted stories intended to serve a national purpose abroad came home and were circulated here and believed here because this would mean that the CIA could manipulate the news in the United States by channeling it through some foreign country,” Democratic Idaho Senator Frank Church said at a press conference surrounding the hearing. Church chaired the Church Committee, a precursor to the Senate Intelligence Committee, which was responsible for investigating illegal intelligence gathering by the NSA, CIA and FBI. This exact tactic — planting disinformation in foreign media outlets so the disinfo would knowingly surface in the United States as a way of circumventing the rules on domestic operations — was specifically argued for as being legal simply because it did not originate on U.S. soil by none other than CIA Director William Casey in 1981.
  • ...2 more annotations...
  • Former President Harry S. Truman, who oversaw the creation of the CIA in 1947 when he signed the National Security Act, later wrote that he never intended the CIA for more than intelligence gathering. “I never had any thought that when I set up the CIA that it would be injected into peacetime cloak and dagger operations,” Truman penned in 1963 a year after the disastrous CIA Bay of Pigs operation.
  • Again, please keep this in mind when you watch the mainstream “news” in this country… “In their propaganda today’s dictators rely for the most part on repetition, supression and rationalization – the repetition of catchwords which they wish to be accepted as true, the supression of facts which they wish to be ignored, the arousal and rationalization of passions which may be used in the interests of the Party or the State. As the art and science of manipulation come to be better understood, the dictators of the future will doubtless learn to combine these techniques with the non-stop distractions which, in the West, are now threatening to drown in a sea of irrelevance the rational propaganda essential to the maintenance of individual liberty and the survival of democratic institutions.” Aldous Huxley, “Propaganda in a Democratic Society” Brave New World Revisited
  •  
    It says something about how lawless the federal government has become that CIA still has no Congressional authority to do anything other than gather intelligence. No legal authority for overthrowing foreign governments, waging proxy wars, inflicting drone strikes, for none of its cloak-and-dagger operations. 
Paul Merrell

The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare | Rolling Stone - 0 views

  • Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking By Matt Taibbi | November 6, 2014
  • tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn't take it anymore.  "It was like watching an old lady get mugged on the street," she says. "I thought, 'I can't sit by any longer.'"  Fleischmann is a tall, thin, quick-witted securities lawyer in her late thirties, with long blond hair, pale-blue eyes and an infectious sense of humor that has survived some very tough times. She's had to struggle to find work despite some striking skills and qualifications, a common symptom of a not-so-common condition called being a whistle-blower.
  • Fleischmann is the central witness in one of the biggest cases of white-collar crime in American history, possessing secrets that JPMorgan Chase CEO Jamie Dimon late last year paid $9 billion (not $13 billion as regularly reported – more on that later) to keep the public from hearing. Back in 2006, as a deal manager at the gigantic bank, Fleischmann first witnessed, then tried to stop, what she describes as "massive criminal securities fraud" in the bank's mortgage operations. Thanks to a confidentiality agreement, she's kept her mouth shut since then. "My closest family and friends don't know what I've been living with," she says. "Even my brother will only find out for the first time when he sees this interview." 
  • ...3 more annotations...
  • This past year she watched as Holder's Justice Department struck a series of historic settlement deals with Chase, Citigroup and Bank of America. The root bargain in these deals was cash for secrecy. The banks paid big fines, without trials or even judges – only secret negotiations that typically ended with the public shown nothing but vague, quasi-official papers called "statements of facts," which were conveniently devoid of anything like actual facts. 
  • Six years after the crisis that cratered the global economy, it's not exactly news that the country's biggest banks stole on a grand scale. That's why the more important part of Fleischmann's story is in the pains Chase and the Justice Department took to silence her. She was blocked at every turn: by asleep-on-the-job regulators like the Securities and Exchange Commission, by a court system that allowed Chase to use its billions to bury her evidence, and, finally, by officials like outgoing Attorney General Eric Holder, the chief architect of the crazily elaborate government policy of surrender, secrecy and cover-up. "Every time I had a chance to talk, something always got in the way," Fleischmann says.
  • And now, with Holder about to leave office and his Justice Department reportedly wrapping up its final settlements, the state is effectively putting the finishing touches on what will amount to a sweeping, industrywide effort to bury the facts of a whole generation of Wall Street corruption. "I could be sued into bankruptcy," she says. "I could lose my license to practice law. I could lose everything. But if we don't start speaking up, then this really is all we're going to get: the biggest financial cover-up in history." 
  •  
    Matt Taibbi is back at Rolling Stone, relaunching with a major blockbuster.
Paul Merrell

Gazprom Threatens to Halt Gas Supplies to Ukraine if Not Paid in Two Days / Sputnik Int... - 0 views

  • Ukraine's tardiness in making its prepayment for Russian gas deliveries could lead to a full shutdown within two days and threaten the transit delivery of fuel to European consumers, Gazprom CEO Alexei Miller said Tuesday. "Ukraine has not made its gas prepayment on time. As of today, there is only 219 million cubic meters of gas paid for. It takes about two days for [Ukraine's] Naftogaz to transfer funds to [Russia's] Gazprom," Miller said. Miller said that Ukraine's request for 114 million cubic meters of gas to be delivered in two days would lead to a full shutdown of fuel deliveries if payment is not received."Therefore, the delivery of gas to Ukraine in the volume of 114 million cubic meters of gas in the next two days already would bring the delivery of Russian gas to Ukraine to a full stop, which will create serious risks for transit gas to Europe," Miller added. On Monday, Ukraine's state energy company Naftogaz accused Gazprom of failing to deliver the gas for which Kiev has paid in advance. According to a statement by the company's press service, Gazprom has supplied only 47 million cubic meters of the requested 114 million cubic meters of gas.
  • The issue of gas supplies is among the most acute in Russian-Ukrainian relations. In the summer of 2014, Russia's Gazprom has cut off gas deliveries to Ukraine due to Kiev's massive debt that at the time surpassed $5 billion. Gas deliveries resumed in December, after months of negotiations mediated by the European Union. The so-called winter package stipulated that Ukraine repay $3.1 billion of its gas debt before the end of 2014 and pay in advance for future gas supplies. It also included a temporary discount of $100 per 1,000 cubic meters, granted by Russia to Ukraine, that expires on April 1, 2015.
Paul Merrell

Special Investigation: How America's Biggest Bank Paid Its Fine for the 2008 Mortgage C... - 0 views

  • ou know the old joke: How do you make a killing on Wall Street and never risk a loss? Easy—use other people’s money. Jamie Dimon and his underlings at JPMorgan Chase have perfected this dark art at America’s largest bank, which boasts a balance sheet one-eighth the size of the entire US economy.1 After JPMorgan’s deceitful activities in the housing market helped trigger the 2008 financial crash that cost millions of Americans their jobs, homes, and life savings, punishment was in order. Among a vast array of misconduct, JPMorgan engaged in the routine use of “robo-signing,” which allowed bank employees to automatically sign hundreds, even thousands, of foreclosure documents per day without verifying their contents. But in the United States, white-collar criminals rarely go to prison; instead, they negotiate settlements. Thus, on February 9, 2012, US Attorney General Eric Holder announced the National Mortgage Settlement, which fined JPMorgan Chase and four other mega-banks a total of $25 billion.2 JPMorgan’s share of the settlement was $5.3 billion, but only $1.1 billion had to be paid in cash; the other $4.2 billion was to come in the form of financial relief for homeowners in danger of losing their homes to foreclosure. The settlement called for JPMorgan to reduce the amounts owed, modify the loan terms, and take other steps to help distressed Americans keep their homes. A separate 2013 settlement against the bank for deceiving mortgage investors included another $4 billion in consumer relief.3 A Nation investigation can now reveal how JPMorgan met part of its $8.2 billion settlement burden: by using other people’s money.4 Here’s how the alleged scam worked. JPMorgan moved to forgive the mortgages of tens of thousands of homeowners; the feds, in turn, credited these canceled loans against the penalties due under the 2012 and 2013 settlements. But here’s the rub: In many instances, JPMorgan was forgiving loans on properties it no longer owned.5 The alleged fraud is described in internal JPMorgan documents, public records, testimony from homeowners and investors burned in the scam, and other evidence presented in a blockbuster lawsuit against JPMorgan, now being heard in US District Court in New York City.6 JPMorgan no longer owned the properties because it had sold the mortgages years earlier to 21 third-party investors, including three companies owned by Larry Schneider. Those companies are the plaintiffs in the lawsuit; Schneider is also aiding the federal government in a related case against the bank. In a bizarre twist, a company associated with the Church of Scientology facilitated the apparent scheme. Nationwide Title Clearing, a document-processing company with close ties to the church, produced and filed the documents that JPMorgan needed to claim ownership and cancel the loans.
Paul Merrell

MoA - Gas From Israel And The Flynn Wiretapping - Behind The Deep-State Infighting Over... - 0 views

  • What is really behind the deep-state infighting over the U.S. elections and the "wire tapping" of the Trump campaign? Why was the CIA-Neocon axis vehemently lobbying against Trump? What foreign interests and what money is involved in this? Answers to these questions are now emerging. The former director of the CIA under Clinton, James Woolsey, went to the Wall Street Journal and offered some information (likely some true and some false) on the retired General Flynn and the lobbying businesses he was involved in. Woolsey is an arch-neoconservative. He had worked on the transition team of Trump but got fired over "growing tensions over Trump’s vision for intelligence agencies." Flynn is the former National Security Advisor of Trump who later also got fired. Woolsey was a board member of Flynn's former lobbying company FIG. Woolsey claims: In September 2016 he took part in a meeting between Flynn and high level Turkish officials, including the Turkish foreign minister and the energy minister who is the son-in-law of the Turkish president Erdogan. During the meeting, Woolsey claims, a brainstorming took place over how the Turkish cult leader Fethullah Gülen could -probably by illegal means- be removed from the U.S. and handed over to Turkey. Gülen is accused by the Erdogan mafia of initiating a coup attempt against it. The U.S. claims officially that there is no evidence for such an accusation and that Gülen can therefore not be rendered to Turkey. Gülen is an old CIA asset that helped the U.S. deep state to control Turkey.  Erdogan divorced from the Gülen organization after it became useless for his neo-Ottoman project. Here is the WSJ report on the Woolsey claims and a video clip with parts of his WSJ interview. Woolsey also went on CNN where he repeated his WSJ story. Flynn was accused by the anti-Trump campaign to have worked for Russia. He had taken several $10,000 for speeches he gave in Moscow. He also, at times, had argued for better U.S. relations with Russia. But Flynn's pro-Russia stand was probably honest. (Or the bribes involved were just smaller than the ones paid by others.) The money he got on the speaker circus was rather small for a man in his position. Flynn's real corruption was on another issue. After having been fired from the Trump administration, Flynn retroactively filed under the Foreign Agent Registration Act (FARA). His lobbying firm had a contract over $530,000 to work for a company near to the Turkish president Erdogan: In its filing, Mr. Flynn’s firm said its work from August to November “could be construed to have principally benefited the Republic of Turkey.” The filing said his firm’s fee, $530,000, wasn’t paid by the government but by Inovo BV, a Dutch firm owned by a Turkish businessman, Ekim Alptekin.
  • This lobbying, not the alleged Flynn-Putin relation, is the real scandal and part of the Trump/CIA/Clinton deep-state in-fighting. The meeting Woolsey described was under the "Turkish" Flynn contract. The Turkish business man, and owner of Inovo, Ekim Alptekin is a member of the Erdogan gang. But hidden at the very end of the WSJ story is the real key to understand the shady network: Inovo hired Mr. Flynn on behalf of an Israeli company seeking to export natural gas to Turkey, the filing said, and Mr. Alptekin wanted information on the U.S.-Turkey political climate to advise the gas company about its Turkish investments. It was the Israeli gas company, not the Alptekin outlet, that drove the issue. The Leviatan (and Tamar) gas fields in the Mediterranean along the Israeli coast are a huge energy and profit resource IF the gas from them can be exported to Europe. Several companies are involved in the exploration and all are looking for ways to connect the fields to the European gas network. There are (likely true) rumors that huge bribes have been payed in Israel, Jordan and elsewhere to win exploration contracts and to sell the gas. Negotiations between Israel and Turkey over the pipeline have been on and off. They depend on a positive climate towards Israel in the Turkish government which again depends on the often changing political position of the Erdogan gang.
  • The picture evolving here (lots of sleuthing and sources) is this: An Israeli company (or whoever is behind it) wants a gas pipeline to Turkey. It hires Flynn and Alptekin to arrange a positive climate for the Leviathan pipeline within the Turkish government. It offers Flynn more than half a million for a little (4-month long) influence work. His job is to create a "friendly atmosphere" for the deal by using his influence in the U.S. to accommodate Erdogan. A major point that is expected from Flynn is to arrange the handover of Gülen, by whatever means, from the U.S. to Erdogan. After accepting the (lobbying) bribe Flynn-the-whore suddenly changes his former anti-Turkish, pro-Russian, pro-Kurdish political position into a pro-Turkish, neutral-Russian and anti-Kurdish one. (His lobbying firm also makes some smaller payments related to the Clinton email-server scandal. This may be related to links between the Clinton family and the Gülen school empire.) He has a meeting with the Turkish government/Erdogan officials part of which is a discussion of a removal of Gülen to Turkey. He pens a pro Erdogan anti-Gülen op-ed which is published on the day of the election and he denigrates the Pentagon plan to work with the Kurds in Syria. The NSA, CIA and the FBI are listening to Flynn's conversations with Turkish and Israeli interests. (For the old and long history of such "wiretapping" of Turkish and Israeli connections and various dirty and criminal deals they revealed read and ask Sibel Edmonds.) The projects which Flynn is involved in, especially removing Gülen, are against the long term interests of the (neoconservative-driven) CIA. Selected tapes of his talks are transcribed and distributed within the anti-Trump campaign. This is the origin of the "wiretapping" of the Trump Tower the U.S. president lamented about. The stuff the CIA dug up about Flynn's dealing was and is used against Trump. Woolsey is caught up in this as he also worked for Flynn's lobbying firm. (His neocon-pro-Zionist history suggests that he is the senior Israeli watchdog over Flynn in all this.) He is now engaged in damage control and is "coming clean" and selectively leaking his anti-Flynn stuff to exculpate himself. (There is probably also some new, better deal involved that will pay off from him.) The Israeli-Turkish pipeline and the related deep-state fight are not the only issue involved in the campaign against Trump. There are also British interests and British intelligence involvement especially with the accusations against Russia of "hacking" of the DNC. If and how these fit in with above has not yet been revealed.
Gary Edwards

Dangerous Minds | Dying vet's 'fuck you' letter to George Bush & Dick Cheney needs to b... - 0 views

  •  
    Chilling letter from Iraqi war veteran Tomas Young.  I'm not sure if there is a descriptive term for the odd mix of emotions where shame, soul searching regret, sadness and extreme anger collide in self loathing as the mistaken trust so many patriotic 911 Americans, myself included, had in our leaders came crashing down in Iraq.  Weep for Tomas.  Weep for America.  And never trust a Republican, a Democrat, a Bankster or fascist Corporatist again. excerpt: ........... "I write this letter, my last letter, to you, Mr. Bush and Mr. Cheney. I write not because I think you grasp the terrible human and moral consequences of your lies, manipulation and thirst for wealth and power. I write this letter because, before my own death, I want to make it clear that I, and hundreds of thousands of my fellow veterans, along with millions of my fellow citizens, along with hundreds of millions more in Iraq and the Middle East, know fully who you are and what you have done. You may evade justice but in our eyes you are each guilty of egregious war crimes, of plunder and, finally, of murder, including the murder of thousands of young Americans-my fellow veterans-whose future you stole. Your positions of authority, your millions of dollars of personal wealth, your public relations consultants, your privilege and your power cannot mask the hollowness of your character. You sent us to fight and die in Iraq after you, Mr. Cheney, dodged the draft in Vietnam, and you, Mr. Bush, went AWOL from your National Guard unit. Your cowardice and selfishness were established decades ago. You were not willing to risk yourselves for our nation but you sent hundreds of thousands of young men and women to be sacrificed in a senseless war with no more thought than it takes to put out the garbage. I joined the Army two days after the 9/11 attacks. I joined the Army because our country had been attacked. I wanted to strike back at those who had killed some 3,000 of my fellow citizens. I did not j
‹ Previous 21 - 40 of 294 Next › Last »
Showing 20 items per page