What’s the economy all about … is it people, or finance?
Because You’re Worthless – Challenging The Current Economic System in 3 Minutes
Poem by Agnes Török on the news of a new Conservative budget. Based on experiences of living in Britain under austerity as a young, queer, unemployed, female immigrant student – and not taking it any more.
Phi Beta Iota: Art trumps corruption in 3 minutes. YouTube (3:12) top stuff.
Stephan A. Schwartz
The level of American corruption is breath-taking.
Koch, Exxon And Other Big Oil Spend $141 Million Lobbying Washington For More War
Phi Beta Iota: $141M is chump change. Beyond that are the tens of billions paid in fines for violating laws — e.g. $5B for manipulating the multi-trillion foreign exchange markets with tens of billions in illicit profit that also bankrupts the unwitting. What we have are politicians guilty of treason who sell out for chump change, while continuously legalizing high crimes against the public interest.
History’s Largest Financial Crime that the WSJ and NYT Would Like You to Forget
To review the bidding, the LIBOR bid rigging cartel was the largest cartel in history, manipulating the prices of an estimated $300+ trillion in assets. That is a figure considerably larger than the world’s combined GDP. … Until recently, I called the LIBOR cartels the largest in history by at least three orders of magnitude. The rigging of foreign exchange (FX) “markets,” however, is so large that that I now have to say that they represent the two largest cartels in history by roughly three orders of magnitude. Both cartels consisted of most of the world’s largest and most elite banks.
Categories: 01 Poverty
,03 Environmental Degradation
,07 Other Atrocities
,10 Transnational Crime
Why the TPP Agenda Is Straight out of Alice in Wonderland
The arguments for fast-track are completely ridiculous.
The terms of the TPP and the TiSA are so secret that drafts of the negotiations are to remain classified for four years or five years, respectively, after the deals have been passed into law. How can laws be enforced against people and governments who are not allowed to know what was negotiated?
The TPP, TiSA and Transatlantic Trade and Investment Partnership (or TTIP, which covers Europe) will collectively encompass three-fourths of the world’s GDP; and they ultimately seek to encompass nearly 90 percent of GDP. Despite this enormous global impact, fast-track authority would allow the President to sign the deals before their terms have been made public, and send implementing legislation to Congress that cannot be amended or filibustered and is not subject to the constitutional requirement of a two-thirds treaty vote. Read full article.
Stephan A. Schwartz
This report has good news. Glyphosate is the modern DDT — whose lingering presence now decades later it should be noted is still killing people. Like DDT it has been hugely profitable, but grotesquely destructive, not only as intended, but in other ways as well. Now a gathering resistance driven from the bottom up challenges this corporate greed, and is succeeding.
Monsanto Herbicide Faces Global Fallout After World Health Organization Labels It a Probable Carcinogen
The fight against glyphosate is gaining momentum, and where governments are not stepping up to enforce bans, citizens and private companies are taking it upon themselves with major successes.