Archive for May, 2013

World Bank Insider Blows Whistle on Corruption, Federal Reserve

Wednesday, May 29th, 2013

Nothing to see here ... move along

– I don’t think this is new information.  Just a confirmation of what many of us have suspected for some time.  

– But, the gathering awareness doesn’t seem to be enough to change things.  

– We are all too apathetic and ‘they’ have got far too much control at this point for anything short of a revolution or a major breakdown of the world’s structures to shake them loose (visualize blood-sucking ticks, and you’ll have it).

– dennis

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A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered around the privately owned U.S. Federal Reserve. The network has seized control of the media to cover up its crimes, too, she explained. In an interview withThe New American, Hudes said that when she tried to blow the whistle on multiple problems at the World Bank, she was fired for her efforts. Now, along with a network of fellow whistleblowers, Hudes is determined to expose and end the corruption. And she is confident of success.

Citing an explosive 2011 Swiss study published in the PLOS ONE journal on the “network of global corporate control,” Hudes pointed out that a small group of entities — mostly financial institutions and especially central banks — exert a massive amount of influence over the international economy from behind the scenes. “What is really going on is that the world’s resources are being dominated by this group,” she explained, adding that the “corrupt power grabbers” have managed to dominate the media as well. “They’re being allowed to do it.”

According to the peer-reviewed paper, which presented the first global investigation of ownership architecture in the international economy, transnational corporations form a “giant bow-tie structure.” A large portion of control, meanwhile, “flows to a small tightly-knit core of financial institutions.” The researchers described the core as an “economic ‘super-entity’” that raises important issues for policymakers and researchers. Of course, the implications are enormous for citizens as well.

Hudes, an attorney who spent some two decades working in the World Bank’s legal department, has observed the machinations of the network up close. “I realized we were now dealing with something known as state capture, which is where the institutions of government are co-opted by the group that’s corrupt,” she told The New American in a phone interview. “The pillars of the U.S. government — some of them — are dysfunctional because of state capture; this is a big story, this is a big cover up.”

At the heart of the network, Hudes said, are 147 financial institutions and central banks — especially the Federal Reserve, which was created by Congress but is owned by essentially a cartel of private banks. “This is a story about how the international financial system was secretly gamed, mostly by central banks — they’re the ones we are talking about,” she explained. “The central bankers have been gaming the system. I would say that this is a power grab.”

– More… ➡

– research thanks to Carol S.

Posted in Capitalism & Corporations, Corporate takeover of Government, Corruption, CrashBlogging, Financial melt-down, Human Rights, Social Breakdown, The Perfect Storm, Wealth Disparity | No Comments »

Hackers ‘raid US weapons’

Wednesday, May 29th, 2013

Cultural Revolution

– If China doesn’t implode from its own internal pressures (the failure of the Mandate of Heaven concept), then it is likely that we’re all going to be living in a Chinese dominated world.

– Most of the rest of us are living in debt ridden societies with few realistic ideas of how to break the debt cycles. (Oh, yeah, let’s have another WalMart or Warehouse store so we can buy really cheap shit – that’ll sort things out).

– So here, the Chinese, apparently, have stolen the heart of America’s weapon system designs. They’ve denied it?   Well, what would you expect them to say?

– Clearly, they are winning the game against the west and they’ve used our own Capitalistic Systems and greed against us, brilliantly.

– All we can hope for is that their own greed, corruption, and their failure to understand that they too are subject to the consequences of pollution, climate change and global overshoot, is going to pull their system apart before they can take over ours.  

– Then, at least, we can all live equally in a ruined world rather than having to be serfs in a ruined world that they dominate.

– Do you think after reading this that I am prejudiced against the Chinese?  

– No, I’m not.  I differentiate between the people and their culture.   I know and value a number of excellent friends among the Chinese.  

– But their culture is another thing.  These are, after all, the same people that gave the world the spectacle of The Cultural Revolution just a few decades ago.  These same folks drive the Shark Fin markets, the Bear Gall Bladder Markets, the Ivory Markets, and etc.  

– They don’t seem to mind poisoning each other, and other nationalities, in their pursuits of profit.  (Granted, we’ve not been much better).  And, like other cultures before them (and here I very much include ours), they think they are superior, that they are right and that it is their mandate to rule.

– In the end, I think I’d prefer our own assholes to theirs.

– dennis

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Some of America’s key defence items compromised but the culprits are not known.

Designs for some of America’s most important and sensitive weapons systems have been compromised by Chinese hackers, according to a confidential report.

More than two dozen key weapons systems had been affected, including missile defences, fighter jets, helicopters and navy vessels, the report said.

Among those listed are the advanced Patriot missile system, or PAC-3, the F/A-18 fighter jet, the Black Hawk helicopter and the V-22 Osprey, which is able to land and take off vertically.

It was not clear from the report, extracts of which were published by theWashington Post, when or how the designs had been compromised.

Its authors _ the Defence Science Board, an influential advisory body _ stopped short of accusing the Chinese Government of attempting to steal the information.

But senior military sources pointed the finger directly at Beijing, saying the security breaches were part of a “widening Chinese campaign of espionage against US defence contractors and government agencies”.

– More… ➡

– Thanks to Kierin M for the Mandate of Heaven concept.

Posted in Capitalism & Corporations, Climate Change, Conflict, Corruption, CrashBlogging, CyberChaos, Financial melt-down, Human Rights, Social Breakdown, The Perfect Storm, Wealth Disparity | No Comments »

The corrosive power of big money

Wednesday, May 22nd, 2013

– Tonight, at the suggestion of a friend, I watched a documentary called, “Park Avenue: Money, Power & the American Dream“.  Here’s a link to it on youtube : ➡

– It was a very powerful piece about how American is being taken over by the richest of the rich and everyone else is being left to eat dirt.  

– I can’t begin to do the film justice.  You should find 30 or 40 minutes and watch it.

– Afterwards, when I wrote my friend back to thank him for the suggestion, I was telling him in my E-Mail that I was surprised that the American Public Broadcasting System (PBS) still had enough independence to broadcast such a thing.

– Well, not long after I penned those words, I came across this story which proves that they were not independent enough and they’ve had their feathers clipped.  

– Money talks.

– dennis

– research thanks to John P.

 

 

Posted in Capitalism & Corporations, Corporate takeover of Government, Corruption, CrashBlogging, Culture - How not to do it, Financial melt-down, Human Rights, Politics - The Wrong Way, Social Breakdown, The Perfect Storm | No Comments »

Rise Up or Die

Tuesday, May 21st, 2013

– It seems to me that perceptions of the ongoing take-over of government by multinational corporations and the very wealthy is gaining traction in the Blog-o-sphere and in the internet’s left side musings.

– dennis

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By Chris Hedges

 

Joe Sacco and I spent two years reporting from the poorest pockets of the United States for our book “Days of Destruction, Days of Revolt.” We went into our nation’s impoverished “sacrifice zones”—the first areas forced to kneel before the dictates of the marketplace—to show what happens when unfettered corporate capitalism and ceaseless economic expansion no longer have external impediments. We wanted to illustrate what unrestrained corporate exploitation does to families, communities and the natural world. We wanted to challenge the reigning ideology of globalization and laissez-faire capitalism to illustrate what life becomes when human beings and the ecosystem are ruthlessly turned into commodities to exploit until exhaustion or collapse. And we wanted to expose as impotent the formal liberal and governmental institutions that once made reform possible, institutions no longer equipped with enough authority to check the assault of corporate power.

What has taken place in these sacrifice zones—in postindustrial cities such as Camden, N.J., and Detroit, in coalfields of southern West Virginia where mining companies blast off mountaintops, in Indian reservations where the demented project of limitless economic expansion and exploitation worked some of its earliest evil, and in produce fields where laborers often endure conditions that replicate slavery—is now happening to much of the rest of the country. These sacrifice zones succumbed first. You and I are next.

Corporations write our legislation. They control our systems of information. They manage the political theater of electoral politics and impose our educational curriculum. They have turned the judiciary into one of their wholly owned subsidiaries. They have decimated labor unions and other independent mass organizations, as well as having bought off the Democratic Party, which once defended the rights of workers. With the evisceration of piecemeal and incremental reform—the primary role of liberal, democratic institutions—we are left defenseless against corporate power.

– More… ➡

Posted in Capitalism & Corporations, Corporate takeover of Government, Corruption, CrashBlogging, Culture - How not to do it, Financial melt-down, Human Rights, Politics - The Wrong Way, Social Breakdown, The Perfect Storm | No Comments »

TransPacific Partnership Will Undermine Democracy, Empower Transnational Corporations

Tuesday, May 21st, 2013

– I’ve written and displayed articles on this issue before.

– dennis

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Our country’s democratic values could be under threat if President Obama fast tracks the Trans-Pacific Partnership.

On critical issues, the massive Trans-Pacific Partnership (TPP) being negotiated in secret by the Obama administration willundermine democracy in the United States and around the world and further empower transnational corporations. It will circumvent protections for health care, wages, labor rights, consumers’ rights and the environment, and decrease regulation of big finance and risky investment practices.

The only way this treaty, which will be very unpopular with the American people once they are aware of it, can be approved is if the Obama administration avoids the democratic process by using an authority known as “Fast Track,” which limits the constitutional checks and balances of Congress.

If the TPP is approved, the sovereignty of the United States and other member nations will be dissipated by trade tribunals that favor corporate power and force national laws to be subservient to corporate interests.

Circumventing the Checks and Balances of US Democracy

President Nixon first developed the idea of “Fast Track” in 1973 as a way to secure Congressional approval of trade agreements, and it has been a key to passing many unpopular agreements such as the World Trade Organization (WTO) and NAFTA. As people have caught on to the offshoring of jobs and other detrimental consequences of these agreements, civil society now understands how important it is to not allow a president to circumvent the democratic role of Congress. Fast Track expired in 2007, so President Obama must have it re-instated in order to pass the TPP. His administration is moving to have Fast Track approved and hopes it will happen by this summer.

Under Fast Track, the president was allowed to negotiate and sign trade agreements with whatever countries the executive branch selected – all before Congress voted on the agreement. Fast Track meant that the Congressional committee processes were circumvented and the executive branch was empowered to write lengthy implementing legislation for each trade pact without Congress. These executive-only authored bills required US law to conform to the trade agreement. For example,Glass-Steagall had to be repealed under President Clinton to conform to the WTO. And, Fast Track empowered the president to submit the executive-branch written bill for a mandatory vote within a set number of days, with all amendments forbidden, normal Senate rules waived, and debate limited in both chambers of Congress. Fast Track clearly undermined democracy.

Indeed, Fast Track turned the US Constitution on its head. Under Article I Section 8, Congress has exclusive authority “to regulate commerce with foreign nations” and to “lay and collect taxes [and] duties.” Under the Constitution, the president is empowered to negotiate treaties, but Congress must vote to approve them. Thus, Fast Track took constitutional power from Congress and prevented the checks and balances needed to prevent an imperial presidency.

For most of the history of the United States, treaties and trade agreements went through the normal congressional process described in the Constitution. Fast Track is a relatively new concept that coincides with an era of increasing presidential power, which includes the power to declare war and to murder US citizens without warning or judicial oversight. If Congress had reviewed agreements such as the WTO and NAFTA beforehand and civil society had been able to participate in a democratic process, would the United States have made the mistake of passing these laws that have so injured our economy and others?

Fast Track is very unpopular, so now President Obama and others who advocate for it do not use the term. Instead they call it by the euphemism “Trade Promotion Authority.” But changing the name does not change what it is – a method of ceding the constitutional power of Congress and undermining the checks and balances built into the constitutional framework.

Congress needs to consider what agreements such as the TPP will do to jobs, trade balances and the environment. Since Nixon, Fast Track has been used by presidents to go way beyond trade and tariffs. These agreements have been used to change US law by establishing “rules related to domestic environmental, health, safety and essential-service regulations, including deregulation of financial services; establishment of immigration policies; creation of limits on local development and land-use policy; extension of domestic patent terms; establishment of new rights and greater protections for foreign investors operating within the United States that extend beyond US law; and even limitation of how domestic procurement dollars may be spent.” Thus, not only has the constitutional power of Congress to regulate commerce with foreign nations been undermined, but a whole host of domestic laws have been rewritten to satisfy international trade.

– More… ➡

 

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Posted in Capitalism & Corporations, Corporate takeover of Government, Corruption, CrashBlogging, Financial melt-down, Human Rights, Politics - The Wrong Way, Social Breakdown, The Perfect Storm, Wealth Disparity | No Comments »

‘Monsanto Protection Act’ slips silently through US Congress

Saturday, May 18th, 2013

The future approaching

– This was perhaps for me the last straw with President Obama.   That he signed this bill is unforgivable and deeply inconsistent with the values I’d hoped he represented.

– Monsanto represents what is so deeply disquieting about the gathering ascendancy of corporate power and money over governmental processes which are suppose to act in and for the good of a nation’s people.

– dennis

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The US House of Representatives quietly passed a last-minute addition to the Agricultural Appropriations Bill for 2013 last week – including a provision protecting genetically modified seeds from litigation in the face of health risks.

The rider, which is officially known as the Farmer Assurance Provision, has been derided by opponents of biotech lobbying as the “Monsanto Protection Act,” as it would strip federal courts of the authority to immediately halt the planting and sale of genetically modified (GMO) seed crop regardless of any consumer health concerns.

The provision, also decried as a “biotech rider,” should have gone through the Agricultural or Judiciary Committees for review. Instead, no hearings were held, and the piece was evidently unknown to most Democrats (who hold the majority in the Senate) prior to its approval as part of HR 993, the short-term funding bill that was approved to avoid a federal government shutdown.

Senator John Tester (D-MT) proved to be the lone dissenter to the so-called Monsanto Protection Act, though his proposed amendment to strip the rider from the bill was never put to a vote.

As the US legal system functions today, and largely as a result of prior lawsuits, the USDA is required to complete environmental impact statements (EIS) prior to both the planting and sale of GMO crops. The extent and effectiveness to which the USDA exercises this rule is in itself a source of serious dispute.

The reviews have been the focus of heated debate between food safety advocacy groups and the biotech industry in the past. In December of 2009, for example, Food Democracy Now collected signatures during the EIS commenting period in a bid to prevent the approval of Monsanto’s GMO alfalfa, which many feared would contaminate organic feed used by dairy farmers; it was approved regardless.

Previously discovered pathogens in Monsanto’s Roundup Ready corn and soy are suspected of causing infertility in livestock and to impact the health of plants.

So, just how much of a victory is this for biotech companies like Monsanto? Critics are thus far alarmed by the very way in which the provision made it through Congress — the rider was introduced anonymously as the larger bill progressed through the Senate Appropriations Committee. Now, groups like the Center for Food Safety are holding Senator Mikulski (D-MD), chairman of that committee, to task and lobbing accusations of a “backroom deal” with the biotech industry.

– more… ➡

 

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Posted in Biodiversity Loss, Capitalism & Corporations, Corporate takeover of Government, Corruption, CrashBlogging, Human Rights, Politics - The Wrong Way, The Perfect Storm | No Comments »

Secret “Free Trade” Negotiations Will Gut Regulations, Further Enrich Multinationals and Big Financial Firms

Thursday, May 16th, 2013

– I’ve written before on the Trans-Pacific Partnership (TPP) which is being negotiated between the United States, New Zealand, Brunei, Australia, Chile, Singapore, Peru, Vietnam, Canada, Mexico and Malaysia.  Japan, Korea, Taiwan and the Philippines have also expressed interest in joining.  

– I’ve also written on another agreement that Canada is negotiating, the FIPPA, that is just as toxic to human rights and the ability of the signatory government to legislate freely to protect the health and the rights of their peoples.

– These agreements, largely being drawn up and agreed to in secret, are a reflection of how very deeply the large multinational corporate interests have gotten into the knickers of our governments.

– These agreements do not favor the individual sovereign governments of any of their possible signatories.  The U.S., which is perhaps the largest player in the group, is not much better off that the other countries save for the fact that it is the home ground for many of the large corporate players backing these agreements.  

– But, as you will read, even U.S. Congressmen are complaining about being locked out of the agreements while the representatives of major corporations freely sit in and help shape what’s to be signed.

– Let’s get that straight.  Halliburton, Chevron, PHRMA, Comcast, and the Motion Picture Association of America can all see the current texts of the negotiations – and United States Senator Ron Wyden cannot?

– dennis

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It’s a sign of the times that a reputable economist, Dean Baker, can use the word “corruption” in the headline of an article describing two major trade deals under negotiation and no one bats an eye.

By way of background, the Administration is taking the unusual step of trying to negotiate two major trade deals in the same timeframe. Apparently Obama wants to make sure his corporate masters get as many goodies as possible before he leaves office. The Trans-Pacific Partnership and the US-European Union “Free Trade” Agreement are both inaccurately depicted as being helpful to ordinary Americans by virtue of liberalizing trade. Instead, the have perilous little to do with trade. They are both intended to make the world more lucrative for major corporations by weakening regulations and by strengthening intellectual property laws. The TPP has an additional wrinkle of being an “everybody but China” deal, intended to strengthen ties among nations who will then be presumed allies of America in its efforts to contain China. As we indicated via a link to an Asia Times article over the weekend, that’s proving to be a bit fraught as Japan is flexing its muscles militarily and thus less inclined to follow US directives tamely.

One of the most disturbing aspects of both negotiations is that they are being held in secret….secret, that is, if you are anybody other that a big US multinational who has a stake in the outcome.

Baker describes in scathing terms why these types of deals are bad policy:

…these deals are about securing regulatory gains for major corporate interests. In some cases, such as increased patent and copyright protection, these deals are 180 degrees at odds with free trade. They are about increasing protectionist barriers.

All the arguments that trade economists make against tariffs and quotas apply to patent and copyright protection. The main difference is the order of magnitude. Tariffs and quotas might raise the price of various items by 20 or 30 percent. By contrast, patent and copyright protection is likely to raise the price of protected items 2,000 percent or even 20,000 percent above the free market price. Drugs that would sell for a few dollars per prescription in a free market would sell for hundreds or even thousands of dollars when the government gives a drug company a patent monopoly…

The idea is that once a deal is completed there will be enormous political pressure for Congress to approve it no matter what it contains….news outlets like the Washington Post will use both their news and opinion sections to bash members of Congress who oppose a deal. They will be endlessly portrayed as ignorant Neanderthals who do not understand economics.

The reality of course is that it is the “free traders” who either do not understand economics or deliberately choose to ignore it. Many of the provisions that we are likely to see in these deals, like stronger patent protections, will slow growth and cost jobs.

These deals will also lead to more upward redistribution of income. The more money that people in the developing world pay to Pfizer for drugs and Microsoft for software, the less money they will pay for the products that we export, as opposed to “intellectual property rights”….

This is yet another case where the government is working for a tiny elite against the interests of the bulk of the population.

If that isn’t bad enough, there’s another side of these planned pacts that is often simply ignored. These “trade” deals are Trojan horses to erode or eliminate national regulations. Baker anticipates that these deals will include sections that would limit government regulation (including at the state and local level) on fracking and could revive much of the internet surveillance that reared its ugly head in the failed SOPA.

– More… ➡

 

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Posted in Capitalism & Corporations, Corporate takeover of Government, Corruption, CrashBlogging, Human Rights, Politics - The Wrong Way, Social Breakdown, The Perfect Storm | No Comments »

Time on your hands?

Wednesday, May 1st, 2013

 

Woo-Woo

– Time is an interesting something.   Or, maybe not.  

– A recent issue of Scientific American, that focused the entire issue on the subject of Time, revealed that about 50% of the scientists who study time believe that time exists while the other 50% think it is an artificial construct that comforts our minds but that actually doesn’t exist.

– So here, for those of you who like to leaven your doom and gloom with a bit of science, are three articles that delve into the endlessly fascinating subject of something we’re not even sure if it exists.   Nice, eh?

– Enjoy

– dennis

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Time Crystals could upend Physicists’ Theory of Time

The Big Crunch; Physicists Make Time End

and

What is time? One Physicist Hunts for the Ultimate Theory

– research thanks to Kierin M.

Posted in And Now for Something Completely Different, Science | No Comments »

No Rich Child Left Behind

Wednesday, May 1st, 2013

– An excellent article.  I get discouraged at times by this world but there are still good people doing good work to try to improve our self-understanding and thus, the possibility that we can avoid shooting ourselves in the foot.

– dennis

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By SEAN F. REARDON in the New York Times Opinion Pages

Here’s a fact that may not surprise you: the children of the rich perform better in school, on average, than children from middle-class or poor families. Students growing up in richer families have better grades and higher standardized test scores, on average, than poorer students; they also have higher rates of participation in extracurricular activities and school leadership positions, higher graduation rates and higher rates of college enrollment and completion.

Whether you think it deeply unjust, lamentable but inevitable, or obvious and unproblematic, this is hardly news. It is true in most societies and has been true in the United States for at least as long as we have thought to ask the question and had sufficient data to verify the answer.

What is news is that in the United States over the last few decades these differences in educational success between high- and lower-income students have grown substantially.

– More… ➡

– Research thanks to John P.

 

Posted in And Now for Something Completely Different, CounterCurrents, Science | 1 Comment »