Monthly Archives: October 2015
NYT: Absolving Aldrich and Vilifying End the Fed
Critics of the Federal Reserve are many, and one congressman has proposed creating the Centennial Monetary Commission to recommend ways to revamp the central bank. http://www.nytimes.com/2015/10/25/business/dealbook/the-central-bank-skeptic-who-helped-give-birth-to-the-fed.html?_r=0 Blue-ribbon panels typically end up gathering dust, but a century ago such a commission — one that actually involved a cabal of Wall Street bankers — played a pivotal […]
Homeland Security issues paid leave to rebuke workers
A year after auditors documented tens of thousands of federal workers on paid leave for at least a month and longer stretches that exceed a year, close to 100 Department of Homeland Security employees still are being paid not to work for more than a year. https://www.washingtonpost.com/news/federal-eye/wp/2015/10/22/at-homeland-security-almost-100-employees-paid-to-stay-home-for-more-than-a-year/ The large number persists even after the Obama […]
Obviously, NATO and US in proxy war with Russia
U.S. forces airdropped small arms ammunition and other supplies to Syrian Arab rebels, barely two weeks after Russia raised the stakes in the long-running civil war by intervening on the side of President Bashar al-Assad. http://uk.reuters.com/article/2015/10/13/uk-mideast-crisis-syria-idUKKCN0S506M20151013?utm_source=twitter One military official said the drop, by Air Force C-17 cargo planes in northern Syria on Sunday, was part […]
Scamming the foolish Fantasy Football crowd
A major scandal is erupting in the multibillion-dollar industry of fantasy sports, the online and unregulated business in which players assemble their fantasy teams with real athletes. http://www.nytimes.com/2015/10/06/sports/fanduel-draftkings-fantasy-employees-bet-rivals.html?smid=tw-nytimes&smtyp=cur On Monday, the two major fantasy companies were forced to release statements defending their businesses’ integrity after what amounted to allegations of insider trading, that employees were […]
Multinationals offshore 2 trillion to avoid US taxes
The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in U.S. taxes if they repatriated the funds, according to a study released on Tuesday. http://www.reuters.com/article/2015/10/06/us-usa-tax-offshore-idUSKCN0S008U20151006?utm_source=twitter The study, by two left-leaning non-profit groups, found that nearly three-quarters of the […]
Dirty Babylon 