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Paul Merrell

Brazil's Epic Scandal Takes Down a Banker - Bloomberg Business - 0 views

www.bloomberg.com/...ic-scandal-takes-down-a-banker

banksters Brazil Esteves criminal-prosecution litigation obstruction corruption

shared by Paul Merrell on 12 Dec 15 - No Cached
  • Brazilians have become inured to seeing politicians and businessmen marched off to prison for corruption. But the mug shot of banker André Esteves—unshaven and frowning—that flashed across TV screens in early December was a shock. Part of a cadre of mavericks who got astonishingly rich from Brazil’s transformation into one of the world’s top 10 economies in the 2000s, Esteves helped turn Grupo BTG Pactual into Latin America’s biggest standalone investment bank. Supremely confident, Esteves—who was a billionaire by his mid-30s—liked to quip that the initials in his company’s name stood for “Better than Goldman.”Around dawn on Nov. 25, Esteves’s fortunes soured in an instant. Police showed up at his apartment, which faces Rio de Janeiro’s legendary Ipanema beach, and hauled him away on allegations of obstructing a federal investigation into a massive pay-to-play scheme centered on Brazil’s state-run oil giant, Petrobras. Now Esteves, 47, resides in a cell block with concrete beds and communal toilets at Bangu, a high-security prison in Rio better known for housing drug traffickers and murderers.
  • Having its founder, chief executive officer, and chairman behind bars has pushed BTG Pactual to the brink of insolvency as clients pull their money out. Within days of his arrest, Esteves had relinquished his controlling stake in the firm, and his partners had begun a wholesale selloff of assets. To avert disaster, Brazil’s central bank helped engineer a $1.6 billion rescue line from the country’s privately funded deposit guarantee fund. Still, the bank’s shares have lost half their value since Esteves’s arrest. On Dec. 7, prosecutors formally accused the banker of obstruction of justice. Antônio Carlos de Almeida Castro, Esteves’s lawyer, says his client has done nothing wrong.The metastatic graft scandal that sent Esteves to jail threatens more than the survival of BTG. So many legislators are implicated, Congress has been unable to pass legislation to contain an exploding budget deficit. President Dilma Rousseff has grown so unpopular that lawmakers are maneuvering to impeach her for allegedly cooking the government’s books. Meanwhile, the economy is sliding into what Goldman Sachs calls a full-blown depression.
  • BTG’s collapse won’t cause Brazil’s capital markets to seize up as Lehman Brothers’ failure did in the U.S. in 2008. Yet having one of the country’s most prominent financiers behind bars is a body blow to the confidence of investors at a time when Brazil needs their cash. “It very much gives you the impression that the corruption scheme is so widespread that it induces a kind of counterparty risk,” says Monica de Bolle, a former International Monetary Fund economist. “You enter into transactions with people in Brazil without knowing whether or not they might be implicated in something.” The result: “Nothing gets done. There’s no business,” she says.
Paul Merrell

Putin Forces Obama to Capitulate on Syria - 0 views

www.counterpunch.org/...s-obama-to-capitulate-on-syria

war & peace U.S.-foreign-policy Syria Assad Russia Obama-capitulates.

shared by Paul Merrell on 22 Oct 15 - No Cached
  • The Russian-led military coalition is badly beating Washington’s proxies in Syria which is why John Kerry is calling for a “Time Out”. On Monday, U.S. Secretary of State John Kerry called for an emergency summit later in the week so that leaders from Russia, Turkey, Saudi Arabia and Jordan could discuss ways to avoid the “total destruction” of Syria. According to Kerry, “Everybody, including the Russians and the Iranians, have said there is no military solution, so we need to make an effort to find a political solution. This is a human catastrophe that now threatens the integrity of a whole group of countries around the region,” Kerry added. Of course, it was never a “catastrophe” when the terrorists were destroying cities and villages across the country, uprooting half the population and transforming the once-unified and secure nation into an anarchic failed state. It only became a catastrophe when Vladimir Putin synchronized the Russian bombing campaign with allied forces on the ground who started wiping out hundreds of US-backed militants and recapturing critical cities across Western corridor. Now that the Russian airforce is pounding the living daylights out of jihadi ammo dumps, weapons depots and rebel strongholds, and the Syrian Arab Army (SAA) is tightening their grip on Aleppo, and Hezbollah is inflicting heavy casualties on Jabhat al Nusra militants and other Al Qaida-linked vermin; Kerry’s decided it’s a catastrophe. Now that the momentum of the war has shifted in favor of Syrian president Bashar al Assad, Kerry wants a “Time out”.
  • Keep in mind, that Putin worked tirelessly throughout the summer months to try to bring the warring parties together (including Assad’s political opposition) to see if deal could be worked out to stabilize Syria and fight ISIS. But Washington wanted no part of any Russian-led coalition. Having exhausted all the possibilities for resolving the conflict through a broader consensus, Putin decided to get directly involved by committing the Russian airforce to lead the fight against the Sunni extremists and other anti-government forces that have been tearing the country apart and paving the way for Al Qaida-linked forces to take control of the Capital. Putin’s intervention stopped the emergence of a terrorist Caliphate in Damascus. He turned the tide in the four year-long war, and delivered a body-blow to Washington’s malign strategy Now he’s going to finish the job. Putin is not gullible enough to fall for Kerry’s stalling tactic. He’s going to kill or capture as many of the terrorists as possible and he’s not going to let Uncle Sam get in the way. These terrorists–over 2,000 of who are from Chechnya–pose an existential threat to Russia, as does the US plan to use Islamic extremists to advance their foreign policy objectives. Putin takes the threat seriously. He knows that if Washington’s strategy succeeds in Syria, it will be used in Iran and then again in Russia. That’s why he’s decided to dump tons of money and resources into the project. That’s why his Generals have worked out all the details and come up with a rock-solid strategy for annihilating this clatter of juvenile delinquents and for restoring Syria’s sovereign borders. And that’s why he’s not going to be waved-away by the likes of mealy-mouth John Kerry. Putin is going to see this thing through to the bitter end. He’s not going to stop for anyone or anything. Winning in Syria is a matter of national security, Russia’s national security.
  • “Syrian President Bashar Assad “does not have to leave tomorrow or the next day,” the US State Department (spokesman Mark Toner) has stated. Washington allows that Assad may take part in transitional process, but can’t be part of Syria’s next government… “… this isn’t the US dictating this. This is the feeling of many governments around the world, and frankly, the majority of the Syrian people,” Toner said.
  • ...5 more annotations...
  • Putin has offered solutions from the very onset, it was Washington that rejected those remedies. Putin supported the so called Geneva communique dating back to 2012. In fact, it was then-Secretary of State Hillary Clinton who threw a wrench in the proceedings by demanding that Assad not be part of any transitional governing body. (Note: Now Obama has caved on this demand.) Russia saw her demand as tantamount to regime change, which it was since Assad is the internationally-recognized head of state and fully entitled to be a part of any transitional government. US rejectionism sabotaged efforts for internationally-monitored “free and fair multi-party elections” and ended any chance for a speedy end to the war. Washington was more determined to get its own way (“Assad must go”) then to save the lives of tens of thousands of civilians who have died since Clinton walked away from Geneva. And now Kerry is extending the olive branch? Now Washington pretends to care about the “total destruction” of Syria? I’m not buying it. What Kerry cares about is his hoodlum “head-chopper” buddies that are being turned into shredded wheat by Russian Daisy Cutters. That’s what he cares about. Take a look at this from RT:
  • Toner is backpeddling so fast he’s not even sure what he’s saying. Clearly, the administration is so flustered by developments on the ground in Syria, and so eager to stop the killing of US-backed jihadis, that they sent poor Toner out to talk to the media before he’d even gotten his talking points figured out. What a joke. The administration has gone from refusing to meet with a high-level Russian delegation just last week (to talk about coordinating airstrikes in Syria), to completely capitulating on their ridiculous “Assad must go” position today. That’s quite a reversal, don’t you think? I’m surprised they didn’t just run a big white Flag up over 1600 Pennsylvania Ave. while the Marine Band played Taps. But don’t think that this latest humiliation will derail Washington’s plan for destroying Syria as a functioning, sovereign state and carving it into a million powerless statelets that pose no threat to Big Oil’s pipeline corridors, or US military bases, or Israel’s sprawling Zionist Valhalla. Because it won’t. That plan is still right on track despite Putin’s efforts to crush the militants and defend the borders.
  • Topple Assad and partition the country. Destroy Syria once and for all. That is Washington’s operating strategy. It’s a plan that was first proposed by Brooking’s analyst Michael O’Hanlon who recently said: “…a future Syria could be a confederation of several sectors: one largely Alawite (Assad’s own sect), spread along the Mediterranean coast; another Kurdish, along the north and northeast corridors near the Turkish border; a third primarily Druse, in the southwest; a fourth largely made up of Sunni Muslims; and then a central zone of intermixed groups in the country’s main population belt from Damascus to Aleppo… Under such an arrangement, Assad would ultimately have to step down from power in Damascus… A weak central government would replace him. But most of the power, as well as most of the armed forces. would reside within the individual autonomous sectors — and belong to the various regional governments… American and other foreign trainers would need to deploy inside Syria, where the would-be recruits actually live — and must stay, if they are to protect their families. (Syria’s one hope may be as dim as Bosnia’s once was, Michael O’ Hanlon, Reuters)
  • Once again, the same theme repeated: Topple Assad and partition the country. Of course, the US will have to train “would-be recruits” to police the natives and prevent the buildup of any coalition or militia that might threaten US imperial ambitions in the region. But that goes without saying. (By the way, Hillary Clinton has already thrown her support behind the O’Hanlon plan emphasizing the importance of “safe zones” that could be used to harbor Sunni militants and other enemies of the state.)
  • (Note: As this article was going to press, the Turkish Daily Zaman reported that: “….the US and several European and Gulf states…have agreed to a plan under which Syria’s embattled President Bashar al-Assad will remain in power for the next six months during a transition period….Turkey has abandoned its determination [to get rid of Assad] and has agreed on an interim period with Assad in place,” former Foreign Minister Yaşar Yakış told Today’s Zaman on Tuesday….If the Syrian people decide to continue with Assad, then there is not much Turkey can object to.” (Report: Turkey agrees to Syria political transition involving Assad, Today’s Zaman) This story has not yet appeared in any western media. Obama’s Syrian policy has completely collapsed.
  • Paul Merrell on 22 Oct 15
     
    Mike Whitney paints a picture of the Obama Administration's desperation to saeve its jihadi mercenaries in Syria from complete destruction. 
Paul Merrell

Israel Grants Oil Rights in Syria to Murdoch and Rothschild - Craig Murray - 0 views

www.craigmurray.org.uk/...yria-to-murdoch-and-rothschild

war & peace Israel Golan-Heights oil Genie-Energy

shared by Paul Merrell on 31 Mar 16 - No Cached
  • srael has granted oil exploration rights inside Syria, in the occupied Golan Heights, to Genie Energy. Major shareholders of Genie Energy – which also has interests in shale gas in the United States and shale oil in Israel – include Rupert Murdoch and Lord Jacob Rothschild. This from a 2010 Genie Energy press release: Claude Pupkin, CEO of Genie Oil and Gas, commented, “Genie’s success will ultimately depend, in part, on access to the expertise of the oil and gas industry and to the financial markets. Jacob Rothschild and Rupert Murdoch are extremely well regarded by and connected to leaders in these sectors. Their guidance and participation will prove invaluable.” “I am grateful to Howard Jonas and IDT for the opportunity to invest in this important initiative,” Lord Rothschild said. “Rupert Murdoch’s extraordinary achievements speak for themselves and we are very pleased he has agreed to be our partner. Genie Energy is making good technological progress to tap the world’s substantial oil shale deposits which could transform the future prospects of Israel, the Middle East and our allies around the world.” For Israel to seek to exploit mineral reserves in the occupied Golan Heights is plainly illegal in international law. Japan was succesfully sued by Singapore before the International Court of Justice for exploitation of Singapore’s oil resources during the second world war. The argument has been made in international law that an occupying power is entitled to opeate oil wells which were previously functioning and operated by the sovereign power, in whose position the occupying power now stands. But there is absolutely no disagreement in the authorities and case law that the drilling of new wells – let alone fracking – by an occupying power is illegal.
  • Israel tried to make the same move twenty years ago but was forced to back down after a strong reaction from the Syrian government, which gained diplomatic support from the United States. Israel is now seeking to take advantage of the weakened Syrian state; this move perhaps casts a new light on recent Israeli bombings in Syria. In a rational world, the involvement of Rothschild and Murdoch in this international criminal activity would show them not to be fit and proper persons to hold major commercial interests elsewhere, and action would be taken. Naturally, nothing of the kind will happen.
  • Paul Merrell on 31 Mar 16
     
    From Wikipedia: "Genie Energy's Strategic advisory board is composed of: Dick Cheney (former vice president of the United States), Jacob Rothschild, 4th Baron Rothschild, Rupert Murdoch (media mogul and chairman of News Corp), James Woolsey (former CIA director), Larry Summers (former head of the US Treasury), and Bill Richardson, an ex-ambassador to the United Nations and energy secretary."
Paul Merrell

US Color Revolution Begins in Thailand as Proxy War with China Continues | Global Resea... - 0 views

www.globalresearch.ca/...5627913

war & peace U.S.-foreign-policy Thailand color-revolutions

shared by Paul Merrell on 01 Feb 18 - No Cached
  • The tentative first beginnings of a long-awaited US-backed color revolution has begun in Thailand, with a small protest of under 100 protesters in the downtown district of Thailand’s capital Bangkok. Despite the diminutive nature of the protest, the Western media and Western-funded organizations posing as nongovernmental organizations (NGOs) transformed the event into headline news.
  • The protest leaders vowed to gather weekly until their demands were met. This is a thinly veiled threat, with the protests taking place precisely where previous protests organized by the same interests carried out gun battles with government troops, mass murder against counter-protesters, and committed widespread and devastating arson in the surrounding areas. The protesters seek to overthrow Thailand’s independent institutions including its military and constitutional monarchy, and return US proxies to power, particularly billionaire and former prime minister, Thaksin Shinawatra and his Pheu Thai Party (PTP). Thaksin Shinawatra is a convicted criminal who fled Thailand to evade a two year jail sentence and a myriad of court cases still pending trial.
Paul Merrell

Santos Announces That Colombia Will Join NATO | News | teleSUR English - 0 views

www.telesurtv.net/...l-Join-NATO-20180525-0018.html

war & peace Columbia NATO-membership

shared by Paul Merrell on 27 May 18 - No Cached
  • Colombia will be part, starting next week, of the North Atlantic Treaty Organization (NATO) as the first Latin American "global partner", announced on Friday the president of that nation, Juan Manuel Santos. "We will formalize in Brussels next week -and this is very important- the entry of Colombia into NATO in the category of global partner, we will be the only country in Latin America with this privilege," the president said in a televised address from the presidential Narino Palace.
  • At that time, the neighboring government of Venezuela rejected the announcement as an "attempt to introduce external factors with nuclear capacity" in the region.At the beginning of 2017, the then Venezuelan Foreign Minister Delcy Rodríguez had denounced that with that entry Colombia could violate the Tlatelolco agreement, put into effect in 1969 with the purpose of establishing the denuclearization of Latin America and the Caribbean.In addition, Colombia is part of the Movement of Non-Aligned Countries (NAM) and one of the essential principles of the bloc states that its members "can not be part of any type of military and warlike organization such as the North Atlantic Treaty. "
Paul Merrell

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

www.rt.com/...0444-google-alphabet-derank-rt

Russia-Gate censorship Google RT Sputnik litigation

shared by Paul Merrell on 21 Nov 17 - No Cached
  • 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.
  • ...1 more annotation...
  • 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.
  • Paul Merrell on 21 Nov 17
     
    " 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
jacob logan

Mothercare sales fall despite transformation plan - 1 views

www.retail-insight-network.com/...mothercare-sales-fall

#Mother_Care #Transformation_Plan #Pregnancy_And_Child #Product_Retailer #Retailer_MotherCare

shared by jacob logan on 28 May 19 - No Cached
  • jacob logan on 28 May 19
     
    UK pregnancy and child product retailer Mothercare has reported its UK sales have fallen 11.8% to £336.6m in its financial year (FY2018/19) figures for the 53 weeks to 30 March 2019.
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