Tag Archives: banksters

Sugar corporations push Cambodian farmers off land

The corporate practice in Cambodia of obtaining tens of thousands of acres from the government as economic development concessions for large sugar plantations, while paying modest compensation to farmers pushed off the land, places a harsh light on international trade pacts that are meant to help the world’s poorest countries. http://www.nytimes.com/2013/10/01/business/international/in-cambodias-cane-fields.html?ref=world The culprits are the […]

US ex-military lead international band of mercenary assasins

This past spring, the onetime sergeant, Joseph Hunter, 48, and two other former soldiers agreed to murder an undercover agent of the United States Drug Enforcement Administration and one of that agency’s confidential informers, both in Liberia, for a total of $800,000, federal prosecutors said on Friday in Manhattan. http://www.nytimes.com/2013/09/28/nyregion/former-army-sergeant-became-contract-killer-authorities-say.html?hp&_r=0 The plot had been proposed […]

US DOD allocates over 6 billion for autonomous robots

The US military budget ending Sept. 30 allocated $6.04 billion for autonomous aircraft and just $261 million for unmanned ground vehicles.  http://www.nytimes.com/2013/09/24/science/military-lags-in-push-for-robotic-ground-vehicles.html?ref=us  The gap, said John Arquilla, a military strategist at the Naval Postgraduate School in Monterey, Calif., a research university operated by the Navy, is “particularly troubling because a large percentage of our casualties […]

Halliburton admits to destroying evidence in Gulf spill case

A US court has accepted a guilty plea from Halliburton for destroying evidence connected with the 2010 Gulf of Mexico oil spill.  http://www.bbc.co.uk/news/business-24168384   In a statement, the company said it had agreed to a fine of $200,000 for the unauthorised deletion of a computer record. One of the firm’s employees was also charged on […]

US fines Beanie Babies tycoon Ty Warner for tax evasion

The billionaire creator of Beanie Babies toys Ty Warner “went to great lengths” to hide more than $3m (£1.9m) of income in a secret Swiss bank account.  http://www.bbc.co.uk/news/business-24155274 The 69-year-old Illinois tycoon’s net worth is estimated by Forbes at $2.6bn, ranking him the 209th richest American. Mr Warner, who also has a reputation for philanthropy, […]

American poverty grows as elite wealth grows

The number of Americans in poverty rose last year to 46.5 million, according to US Census data, despite a stock market recovery.  http://www.bbc.co.uk/news/world-us-canada-24139251   The figure edged up from 46.2 million in 2011, meaning the national poverty rate remains unchanged at 15%. It is the sixth year in a row that the rate failed to improve, […]

US DOD behind 3D printed live organ development

Miniature human organs developed with a modified 3D printer are being used to test new vaccines in a lab in the US.  http://www.bbc.co.uk/news/technology-24125678  The “body on a chip” project replicates human cells to print structures which mimic the functions of the heart, liver, lung and blood vessels. The organs are then placed on a microchip […]

JPMorgan Banksters admit “groundbreaking” wrongdoing

JPMorgan Chase has agreed to pay about $800 million to a host of government agencies in Washington and London — and make a groundbreaking admission of wrongdoing — to settle allegations stemming from a multibillion-dollar trading loss.  http://dealbook.nytimes.com/2013/09/16/jpmorgan-set-to-pay-fines-for-whale-trading-losses/?emc=eta1 The settlements, expected this week, will help the nation’s biggest bank move beyond last year’s $6 billion […]

Washington DC mayor vetoes Wal Mart wage bill

Mayor Vincent Gray vetoed a bill on Thursday that would force Wal-Mart Stores and other large retailers to pay their employees at least $12.50 an hour. http://www.nytimes.com/2013/09/13/business/bill-to-raise-retail-wages-in-dc-gets-mayors-veto.html?ref=us The bill put Washington at the center of a national debate on how far cities should go in trying to raise pay for low-wage workers — and whether […]

Elite benefit as economy stagnates for most

The top 10 percent of earners took more than half of the country’s total income in 2012, the highest level recorded since the government began collecting the relevant data a century ago.  http://economix.blogs.nytimes.com/2013/09/10/the-rich-get-richer-through-the-recovery/?_r=0 The top 1 percent took more than one-fifth of the income earned by Americans, one of the highest levels on record since […]

SEC civil case against Lehman Brothers goes nowhere

The Securities and Exchange Commission’s eight-member Lehman Brothers team, having hit one dead end after another over the previous two years, concluded that suing the bank’s executives would be legally unjustified. The group, noting that prosecutors and F.B.I. agents had already walked away from a parallel criminal case, reached unanimous agreement to close its most […]

Within the decade smart cars will fill driverless roads

Germany’s Daimler AG plans to start selling a self-driving car by 2020 as part of its campaign to regain the top spot among premium carmakers.  http://www.nytimes.com/reuters/2013/09/08/business/08reuters-autoshow-frankfurt-daimler.html?hp&_r=0  “We want to be the first to launch autonomous functions in production vehicles. You can be sure: we will accomplish that in this decade,” Daimler head of development Thomas […]

Ammonia spill from Chinese factory kills thousands of fish

Thousands of dead fish floating along a 19-mile stretch of a river in Hubei Province in central China were killed by pollutants emitted by a local chemical plant, provincial environmental officials said Wednesday. http://www.nytimes.com/2013/09/05/world/asia/thousands-of-fish-killed-by-waste-from-chinese-plant.html?ref=world  Environmental protection officials said tests on water taken from the Fu River upstream from the metropolis of Wuhan revealed that extremely […]

Parks Police arrest another activist without charge in Phili

Iraq war veteran Emily Yates was arrested on Friday after a dispute with police about where she could stand while playing her banjo during a protest against U.S. military action in Syria. Yates asks Federal Parks Police why she could not stand in a shaded area of Independence Mall in Philadelphia. http://youtu.be/yE_efOGFlho  After several minutes […]

FBI increases domestic surveillance while war with Syria looms

The F.B.I. has increased its surveillance inside the United States in response to concerns that a military strike against the government of President Bashar al-Assad could lead to terrorist attacks here or against American allies and interests abroad. http://www.nytimes.com/2013/09/01/us/fbi-sharpens-scrutiny-of-syrians-in-us-for-signs-of-retaliation.html?ref=us    The authorities are particularly concerned because Iran — one of Mr. Assad’s closest allies — […]

Cameron hears the people, Brits vote “no” on war with Syria

The stunning parliamentary defeat on Thursday for Prime Minister David Cameron that led him to rule out British military participation in any strike on Syria reflected British fears of rushing to act against Damascus without certain evidence.   http://www.nytimes.com/2013/08/31/world/middleeast/syria.html?pagewanted=2&hp   British legislators rejected a motion urging an international response to the chemical weapons attack by […]

UN tries to forestall US aggression in Syria

Ban Ki-moon, the secretary general of the United Nations, cut short a European trip and rushed home on Thursday to prepare for a weekend briefing by his team of chemical weapons inspectors on the ground in Syria. He implored President Obama to refrain from a threatened military strike and to allow the procedures enshrined in […]

End to marijuana prohibition a historic day in Drug War

The Justice Department on Thursday said it would not sue to block laws legalizing marijuana in 20 states and the District of Columbia, a move that proponents hailed as an important step toward ending the prohibition of the drug.  http://www.nytimes.com/2013/08/30/us/politics/us-says-it-wont-sue-to-undo-state-marijuana-laws.html?ref=us    Marijuana advocates praised the decision as a potentially historic shift in the federal government’s attitude […]

Middle East questions validity of US pretext for war

Why would Syria’s Bashar Hafez al-Assad launch a deadly chemical attack on a scale not yet seen in his country’s civil war — as American and allied officials assert his loyalists did last week — when he seemed to be holding his own in the stalemated conflict, and just as international weapons inspectors arrived in the […]

US and West looking for World War 3 in Syria

Iranian lawmakers and commanders issued stark warnings to the United States and its allies on Tuesday, saying any military strike on Syria would lead to a retaliatory attack on Israel fanned by “the flames of outrage.”  http://www.nytimes.com/2013/08/28/world/middleeast/strike-on-syria-would-cause-one-on-israel-iran-declares.html?ref=todayspaper  The warnings came against a backdrop of rising momentum among Western governments for a military intervention in the […]