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Paul Merrell

Watch A Sitting Congresswoman Shred The MSM Narrative In Under A Minute | Zero Hedge - 0 views

  • Hawaii Democratic Rep. Tulsi Gabbard appeared on multiple Sunday news shows a day after her state's false ICBM emergency alert sent the islands into a tense 40 minutes of panic before it was revealed to be a message sent in error, where she slammed the mainstream media's reporting on the North Korean nuclear threat, saying, "We've got to understand that North Korea is holding onto these nuclear weapons because they think it is their only protection from the United States coming in and doing to them what the United States has done to so many countries throughout history."  She further called for Trump to hold direct talks with Kim Jong Un in order to prevent the real thing from ever happening. 
  • The Hawaii lawmaker, who has garnered a lot of attention over her non-interventionist stance on Syria while angering establishment pundits for doing things like visiting Damascus last yearon a fact-finding mission, left ABC's George Stephanopoulos visibly flustered during an interview on Sunday's "This Week". She said: We know that North Korea has these nuclear weapons because they see how the United States in Libya for example guaranteed Gadaffi - 'we're not going to go after you, you should get rid of your nuclear weapons.' He did, then we went and led an attack that toppled Gaddafi, launching Libya into chaos that we are still seeing the results of today. North Korea sees what we did in Iraq with Saddam Hussein, with those false reports of weapons of mass destruction. And now seeing in Iran how President Trump is decertifying a nuclear deal that prevented Iran from developing their nuclear weapons, threatening the very existence and the agreement that was made.  At this point an incredulous Stephanopoulos stopped the Congresswoman and asked, "Was it a mistake for the United States to take out Gaddafi and Hussein?" Gabbard responded firmly with, "It was, absolutely."  Apparently this was enough to end the interview as a presumably shocked Stephanopoulos had no response at that point.
Paul Merrell

FBI 'Lovers' New Texts Expose Obama Complicity: He "Wants To Know Everything We're Doing" | Zero Hedge - 0 views

  • The messages include an exchange about preparing talking points for then-FBI Director James Comey to give to President Obama, who wanted “to know everything we’re doing.”
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    At the time, Strzok and Page were near the top of the command chain on both investigations into Hillary's use of a private email server and into the alleged Russian "collusion." BTW, I am reserving judgment on whether Page and Strzok actually were lovers. So far there's no lovers' language in their text messages that have been released.
Paul Merrell

Trump Invades Syria | Global Research - Centre for Research on Globalization - 0 views

  • Although the Syrian army, with its ally Russia, has made significant gains against ISIS over the past week or so, the Washington Post is reporting tonight that President Trump has for the first time sent regular US military personnel into that country in combat positions. This is an unprecedented escalation of US involvement in the Syrian war and it comes without Congressional authorization, without UN authorization, and without the authorization of the government of Syria. In short it is three ways illegal. According to the Post, US Marines have departed their ships in the Mediterranean and have established an outpost on Syrian soil from where they will fire artillery toward the ISIS “headquarters” of Raqqa. The Post continues:  The Marines on the ground include part of an artillery battery that can fire powerful 155-millimeter shells from M777 Howitzers, two officials said, speaking on the condition of anonymity because of the sensitivity of the deployment. The expeditionary unit’s ground force, Battalion Landing Team 1st Battalion, 4th Marines, will man the guns and deliver fire support for U.S.-backed local forces who are preparing an assault on the city. Additional infantrymen from the unit are likely to provide security. On March 5th, RT ran footage of a US military convoy entering Syria near Manbij. The US mainstream media initially blacked out the story, but the Post today confirmed that the troops were from the Army’s 75th Ranger Regiment in Stryker vehicles. What is important to understand about this sudden escalation of US involvement is that if this “race to Raqqa” is won by the US military rather than by Syrian government forces, the chance that the US will hand the territory back to the Assad government is virtually nil. In other words, this is an operation far less about wiping ISIS out from eastern Syria and much more about the United States carving out eastern Syria as a permanent outpost from where it can, for example, continue the original neocon/Israeli/Saudi plan for “regime change” in Syria. The United States is making a military bid for a very large chunk of sovereign Syrian territory. Something even Obama with his extraordinarily reckless Middle East policy would not dare to do.
  • How will the Russians react to this development? How will the Russians react if increased US military activity on the ground in Syria begins to threaten Russian military forces operating in Syria (with the consent of that country’s legal government)?  With President Trump’s “get along with Russia” policy lying in the tatters of a Nikki Haley at the UN and a Fiona Hill at NSC Staff, how differently might the Russians see US actions in Syria than they might have only a month or so ago? Make no mistake: this is big news. And very bad news.
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    The WaPo article is at https://www.washingtonpost.com/news/checkpoint/wp/2017/03/08/marines-have-arrived-in-syria-to-fire-artillery-in-the-fight-for-raqqa/ The M777 howitzer has a range of up to 25 miles. It is an artillery weapons specially developed for light-weight.Two M777s can be transported in a Marine Osprey VTOL aircraft, compared with only 1 of the older M198s.
Paul Merrell

Benjamin Netanyahu in Moscow leverages Putin Purim greeting to slam Iran - Israel News - Jerusalem Post - 0 views

  • rime Minister Benjamin Netanyahu warned Russian President Vladimir Putin on Thursday that Iran is building up its ground forces in Syria with the intention of establishing a naval base on the Mediterranean.These moves, Netanyahu told diplomatic reporters in a conference call after the meeting, have wide-ranging regional ramifications
  • Netanyahu said that Iran’s efforts to establish a permanent presence in Syria in any future arrangement in the country was the reason for his visit. Russia is a central player in the on-and-off talks under way about the future of Syria.An Iranian presence in Syria, Netanyahu said, goes against the “long-term interests of everyone, except the Iranians.”“I made it clear to President Putin our resolute opposition to the consolidation of Iran and its proxies in Syria,” he said. “We see Iran trying to build a military force, military infrastructure, with the intention to be based in Syria, including the attempt by Iran to build a seaport. All this has serious implications in terms of Israel’s security.”
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    Hard to know what to make of this, coming from a serial liar.
Paul Merrell

Following New FCC Rules, Massive Corporate Consolidation Of Local News Underway - 0 views

  • In a deal that will allow one broadcasting company to reach 72 percent of U.S. households through ownership of local news stations, it was reported this week that Sinclair Broadcast Group is buying Tribune Media for nearly $4 billion. Such a move wouldn’t have been possible a few weeks back, but Donald Trump’s new Federal Trade Commission (FCC) chairman, Ajit Pai, just began implementing sweeping changes to previously established media ownership rules. Bloomberg explains:
  • “A Sinclair-Tribune merger was made easier last month when the FCC restored a rule that allows TV station groups to count just half of their coverage area for Ultra High-Frequency stations to comply with a 39 percent nationwide cap set by Congress.
  • “So we’re seeing a concentration of power on the broadcast side at the same time they are building up these powerful new gatekeepers, really doing the bidding of the most powerful companies and just paving the way for them to do whatever they want.” Using Sinclair as an example, Aaron goes on to talk about how broadcasting giants are able to push the content they want across multiple platforms simultaneously: “So they both like to try to buy up multiple stations in the same market, have one newscast going on multiple channels, as well as doing as much as they can from Sinclair headquarters in terms of pushing content out to their whole network.” Calling Ajit Pai’s moves at the FCC “scandalous,” Aaron highlights the complexity of modern media and says that now — more than ever — we need an aware, conscious populace: “So, at a time where we need more local news, more competition, more choices, better-informed communities, what we’re getting is the same cookie-cutter content coast to coast.”
Paul Merrell

MoA - Gas From Israel And The Flynn Wiretapping - Behind The Deep-State Infighting Over The Trump Election - 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.
Paul Merrell

Surprise, Surprise -New Study Finds Money Plays Major Role in Influencing the DNC - 0 views

  • “...the voice of the people is really often the sound of money talking.” Such were the findings of researchers who recently analyzed the impact of political financing on decisions made by legislators - once again confirming that money does indeed buy influence in Washington.
Paul Merrell

Land Destroyer: US To Hand Raqqa Over to ISIS Affiliates After "Defeating" ISIS - 0 views

  • August 24, 2017 (Tony Cartalucci - LD) - US policymakers have recently announced plans to hand over control of the Syrian city of Raqqa to former Islamic State (ISIS)-affiliated officials, Newsweek would report.
  • Throughout the process, the US has attempted to hinder joint Syrian-Russian security operations, including both proxy and direct attacks on Syrian and Russian forces. With few options remaining, it appears the US will all but literally use its military assets illegally occupying Syrian territory to provide shelter to remaining Islamic State fighters under the tenuous guise of them having renounced their ties to the terrorist organization.
  • The northern city of Idlib is another admittedly Al Qaeda-controlled city the US and its allies are still flooding with torrents of aid, supplies, weapons, and equipment. Idlib and Raqqa will form the remaining footholds of foreign-sponsored violence in Syria until Syria and its allies encircle and cut them off, making effective destabilization from either city difficult if not impossible. In an effort to blunt Syria's gaining momentum, US-ally and proxy Israel has recently threatened war with Iran if it does not remove its forces from neighboring Syria. Iran and Russia have played a key role in preserving the territorial integrity of Syria and allowing the government in Damascus to restore order to the nation's most populous centers.
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  • In its article, "Syria: Arab Tribes Who Once Supported ISIS Turn to U.S. As Endgame Being In Raqqa," Newsweek reports: A top U.S. diplomat in the fight against the Islamic State militant group (ISIS) has praised recent talks with Syrian tribal leaders slated to play a large role in governing Raqqa once the jihadis are expelled. But the plan to create a careful balance of local power on the ground in Raqqa that will likely see former ISIS-affiliated officials ultimately in charge could cause a split between the U.S. and its Kurdish allies. What appears to be ill-conceived policy is in fact the United States providing direct military protection to the remnants of terrorist organizations operating in Syria it has supported, including fighters of the so-called "Islamic State." With other foreign-backed terrorist organizations facing collapse in strongholds including Deir ez-Zor in eastern Syria - fighters funded, armed, and operating on behalf of foreign interests, including Al Qaeda, its affiliates, and even the Islamic State itself - will either need to flee the country back behind the borders of  their state sponsors - Jordan, Saudi Arabia, and Turkey - or find a safe haven in Syrian territory illegally occupied by the United States and its allies.
  • The process of rehabilitating listed terrorist organizations into viable US proxies is a long-standing tradition in Washington.
  • Efforts to "re-brand" Al Qaeda militants cornered in Syria's northern city of Idlib are also underway in order to provide more direct aid and support to the militants as a means of perpetuating Syria's deadly conflict. With Newsweek's latest article, it appears a similar "re-branding" campaign is now being undertaken for the Islamic State itself.
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    Tony Cartalucci usually gets it right.
Paul Merrell

FBI Informant Has Video Of Russian Agents With Briefcases Of Bribe Money In Clinton-Uranium Scandal - ZeroPointNow - 0 views

  • An undercover FBI informant in the Russian nuclear industry who was made to sign an “illegal NDA” by former AG Loretta Lynch, claims to have video evidence showing Russian agents with briefcases full of bribe money related to the controversial Uranium One deal – according to The Hill investigative journalist John Solomon and Circa‘s Sara Carter. The informant, whose identity was revealed by Reuters as energy industry consultant William D. Campbell – and is very ill battling cancer –  is testifying before congress next week after the NDA which carried the threat of prison time was lifted. As previously reported, Campbell was deeply embedded in the Russian nuclear industry where he gathered extensive evidence of a racketeering scheme involving bribes and kickbacks. “The Russians were compromising American contractors in the nuclear industry with kickbacks and extortion threats, all of which raised legitimate national security concerns. And none of that evidence got aired before the Obama administration made those decisions,” a person who worked on the case told The Hill, speaking on condition of anonymity for fear of retribution by U.S. or Russian officials. –The Hill Campbell’s attorney, former Regan Justice Department official Victoria Toensing, previously told Fox Business host Lou Dobbs “He can tell what all the Russians were talking about during the time that all these bribery payments were made.”
Paul Merrell

Russia Tells U.S. Military to Get Out of Syria - 0 views

  • Russia ramped up its calls for the U.S. military to depart from Syria on Thursday, contending it has no substantial reasons to be in the country and its presence there "must end."“Any reasons cited by the Americans to justify their further military presence... are just excuses and we think their presence must end," Alexander Lavrentiev, Russian President Vladimir Putin's envoy to Syria, told reporters. Lavrentiev was in Astana, Kazakhstan, on Thursday ahead of peace talks regarding the Syria conflict between Russia, Iran and Turkey, Reuters reports. Russia, a major ally of Syrian President Bashar al-Assad, has played a significant role in the Syria conflict. 
  • This is not the first time the Russian government has expressed such views in recent weeks. Russia seemingly feels the U.S. military has no purpose in Syria now that the the Islamic State militant group (ISIS) has largely lost its foothold in Syria and Iraq. The envoy's remarks also come after the U.S. and Russia have sparred over airspace in Syria. In mid-December, two U.S. warplanes in Syria were diverted from supporting ground operations against ISIS to intercept Russian fighter jets that allegedly crossed into U.S. coalition airspace. But the Pentagon has signified it has no plans to withdraw U.S. troops from Syria any time in the near future. "We are going to maintain our commitment on the ground as long as we need to, to support our partners and prevent the return of terrorist groups," Pentagon spokesperson Eric Pahon told Agence France-Presse earlier this month. "To ensure an enduring defeat of ISIS, the coalition must ensure it cannot regenerate, reclaim lost ground or plot external attacks," he added. There are currently nearly 2,000 U.S. troops in Syria, according to numbers from the Pentagon. Since the Syrian conflict began in 2011, it has claimed more than 400,000 lives, according to the U.N., and contributed to the worst refugee crisis since World War II. 
Paul Merrell

The Still-Missing Evidence of Russia-gate - Consortiumnews - 0 views

  • A changing-places moment brought about by Russia-gate is that liberals who are usually more skeptical of U.S. intelligence agencies, especially their evidence-free claims, now question the patriotism of Americans who insist that the intelligence community supply proof to support the dangerous claims about Russian ‘hacking” of Democratic emails especially when some  veteran U.S. government experts say the data would be easily available if the Russians indeed were guilty. One of those experts is William Binney, a former high-level National Security Agency intelligence official who, after his 2001 retirement, blew the whistle on the extraordinary breadth of NSA surveillance programs. His outspoken criticism of the NSA during the George W. Bush administration made him the subject of FBI investigations that included a raid on his home in 2007. Even before Edward Snowden’s NSA whistleblowing, Binney publicly revealed that NSA had access to telecommunications companies’ domestic and international billing records, and that since 9/11 the agency has intercepted some 15 trillion to 20 trillion communications. Snowden has said: “I have tremendous respect for Binney, who did everything he could according to the rules.”
  • I spoke to Binney on Dec. 28 about Russia-gate and a host of topics having to do with spying and America’s expanding national security state.
  • Bernstein: Your expertise was in the Soviet Union and so you must know a lot about bugging.  Do you believe that Russia hacked and undermined our last election?  Can Trump thank Russia for the result? Binney:  We at Veteran Intelligence Professionals for Sanity (VIPS) published an article on this in July.  First of all, if any of the data went anywhere across the fiber optic world, the NSA would know.  Just inside the United States, the NSA has over a hundred tap points on the fiber lines, taking in everything.    Mark Klein exposed some of this at the AT&T facility in San Francisco. This is not for foreigners, by the way, this is for targeting US citizens.  If they wanted only foreigners, all they would have to do was look at the transatlantic cables where they surface on the coast of the United States.  But they are not there, they are distributed among the US population. Bernstein: So if, in fact, the Russians were tapping into DNC headquarters, the NSA would absolutely know about it. Binney: Yes, and they would also have trace routes on where they went specifically, in Russia or anywhere else.  If you remember, about three or four years ago, the Chinese hacked into somewhere in the United States and our government came out and confirmed that it was the Chinese who did it, and it came from a specific military facility in Shanghai.  The NSA had these trace route programs embedded by the hundreds across the US and all around the world.
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  • The other data that came out from Guccifer 2.0, a download from the DNC, has been a charade.  It was a download and not a transfer across the Web.  The Web won’t manage such a high speed.  It could not have gotten across the Atlantic at that high speed.  You would have to have high capacity lines dedicated to that in order to do it. They have been playing games with us.  There is no factual evidence to back up any charge of hacking here. Bernstein: So was this a leak by somebody at Democratic headquarters? Binney: We don’t know that for sure, either.  All we know was that it was a local download.  We can likely attribute it to a USB device that was physically passed along.
  • Right now, our government is violating the first, fourth and fifth amendments in various ways.  Mueller did it, Comey did it, they were all involved in violating the Constitution.
  • Bernstein:  There seems to be a new McCarthyite operation around the Russia-gate investigation.  It appears that it is an attempt to justify the idea that Clinton lost because the Russians undermined the election. Binney: I have seen no evidence at all from anybody, including the intelligence community.  If you look at the Intelligence Community Assessment (ICA) report, they state on the first page that “We have high confidence that the Russians did this.”  But when you get toward the end of the report, they basically confess that “our judgment does not imply that we have evidence to back it up.” Bernstein:  It was initially put out that seventeen intelligence agencies found compelling evidence that the Russians hacked into our election.  You’re saying it was actually selected individuals from just three agencies.  Is there anything to the revelations that FBI agents talked about taking action to prevent Trump from becoming president? Binney: It certainly does seem that it is leaning that way, that is was all a frame-up.  It is a sad time in our history, to see the government working against itself internally. Bernstein:  I take it you are not a big supporter of Trump. Binney:  Well, I voted for him.  I couldn’t vote for a warmonger like Clinton.  She wanted to see our planes shooting down Russian planes in Syria.  She advocated for destabilizing Libya, for getting rid of Assad in Syria, she was a strong backer of the war in Iraq.
Paul Merrell

Turkey Joins Russia's Ruble-Based Alternative To SWIFT | Zero Hedge - 1 views

  • After repeated warnings over the past couple of years, Turkey and Russia have signed a pact to increase use of the ruble and lira in cross-border payments, with Turkey signing on to Russia's alternative to SWIFT, the international telecommunications protocol used by banks and central banks the world over. Though SWIFT is an international cooperative owned by its members, with more than 10,000 banks worldwide relying on its system for handling sizable inter-bank transactions, the safety of the network was brought into question after a series of cyberattacks in 2015 and 2016 resulted in the theft of $101 million from the Central Bank of Bangladesh. For the first time since SWIFT's laucnh, the hacks stoked doubts about the system's safety, and prompted many US rivals, including Russia, to ramp up work on their alternatives to SWIFT.
  • In addition to Turkey, China and Russia have signed agreements to bolster trade between the two countries, including settling a larger percentage of their bilateral trade in rubles and renminbi. For China, bilateral trade with Russia grew from $69.6 billion in 2016 to $107.1 billion last year. China is Russia's biggest partner for imports and exports. There has also been talk about India joining Russia's SWIFT alternative as Washington continues to threaten New Delhi with sanctions over its decision to purchase Russian-made missile-defense systems. According to Reuters, Russian Finance Minister Anton Siluanov signed the agreement with Ankara on Tuesday. The agreement, signed on Oct. 4, will encourage the two countries to start using Russia's system in mutual settlements.
digitalorainfo

Happiness Ville Foundation - 0 views

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    We, a young, dynamic and public-spirited team of activists at Happiness Ville, are constantly brainstorming ideas and ways to bring about the change we always talk about and hardly put into action. Our aim is to eradicate the 'mal' out of malnutrition, 'ill' out of the illiteracy, 'in' out of the injustice and the 'issues' out of the environment.
Paul Merrell

Malaysia Drops Criminal Charges Against Goldman After $3.9BN 1MDB Penalty | Zero Hedge - 0 views

  • After agreeing to pay a whopping $3.9 billion in fines and restitution, Goldman Sachs has finally been freed from one of its biggest albatrosses for its international business: Malaysian prosecutors have dropped all criminal charges in the 1MDB episode.
  • Reuters reports that, on Friday morning local time, Malaysian prosecutors announced that they would be withdrawing criminal charges against three Goldman Sachs units accused of misleading investors over a series of bond sales worth a combined $6.5 billion which helped fund the ill-fated sovereign wealth fund 1MDB (it stands for 1Malaysia Development Berhad). The Goldman subsidiaries based in London, Hong Kong and Singapore had pleaded not guilty to criminal charges back in February and the bank has consistently denied wrongdoing, though gallons of ink have been spilled about the alleged skulduggery that reportedly involved officials as senior as CEO Lloyd Blankfein. Now, the bank needs to settle things with the DoJ, which is also pursuing a criminal investigation. The DoJ estimates that $4.5 billion was siphoned from the fund by a group of insiders led by the fugitive financier Jho Low, the alleged mastermind, and former PM Najib Razak, who received hundreds of millions of dollars in proceeds from the fraud. Late last year, the bank was reportedly on the verge of a settlement with US authorities for roughly $2 billion, but those talks have reportedly fallen apart.
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