Tag Archives: big banks

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 […]

Bahrain gives prison terms to arab spring protesters

A court in Bahrain handed down sentences of between 5 and 15 years in jail for 50 people on Sunday whom the authorities accused of belonging to a protest movement. http://www.nytimes.com/2013/09/30/world/middleeast/bahrain-dissidents-said-to-get-prison-sentences.html?ref=world  The court’s action, if it is confirmed, would appear to be part of a widening effort by the authorities to quash protests led by […]

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, Turkey initiate new fund for islamist radicalization

A new fund, formally called the Global Fund for Community Engagement and Resilience, will for the first time combine financing from both government and nongovernment entities to identify credible local organizations; develop, monitor and evaluate programs; and channel funds to local projects that target groups and individuals vulnerable to appeals from terrorist groups. http://www.nytimes.com/2013/09/27/world/us-and-turkey-to-create-fund-to-stem-extremism.html?hp&_r=0   […]

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 […]

Chobani issues recall after greek yogurt sickens thousands

Chobani says it’s issuing a recall of some of its Greek yogurt cups that were affected by mold. The recall comes after some customers reported claims of illnesses.  http://www.nytimes.com/aponline/2013/09/05/us/ap-us-yogurt-recall.html?ref=us  The move comes about a week after the company first started asking retailers to pull the products from shelves, saying some cups were “swelling and bloating.” […]

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 […]

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 […]

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 […]

Julian Assange exposes Google collaboration with NSA et al

It has been revealed today, thanks to Edward Snowden, that Google and other US tech companies received millions of dollars from the NSA for their compliance with the PRISM mass surveillance system. http://cryptome.org/2013/08/assange-google-nsa.htm   So just how close is Google to the US securitocracy? Back in 2011 I had a meeting with Eric Schmidt, the […]

Spanish police arrest JPMorgan bankster

Spanish police say they have arrested a former JPMorgan Chase trader wanted for allegedly falsifying bank records to cover up $6 billion in trading losses.  http://www.nytimes.com/2013/08/28/business/former-jpmorgan-employee-arrested-in-spain.html?hp&_r=0   A statement said that Javier Martin-Artajo, 49, was arrested Tuesday after he presented himself at a police station in Madrid. U.S. prosecutors earlier this month filed criminal charges against […]