Archive for the 'Elite' Category
Elizabeth Warren: ‘How Many Billions Have To Be Laundered For Drug Lords Before We Consider Shutting Down A Bank?’
March 22nd, 2013Via: Daily Bail: During Senate testimony Liz Warren asks how much drug-laundered money it takes before banking regulators consider shutting down a bank. Hilarity ensues. And no one ever answers the question. Witnesses were: David Cohen, Sec. for Terrorism and Financial Intelligence, U.S. Treasury Thomas Curry, Comptroller, Office of the Comptroller of the Currency Jerome […]
How Rich Is the Catholic Church?
March 20th, 2013Via: Slate: Pope Francis is not just the spiritual leader of one of the world’s major religions: He’s also the head of what’s probably the wealthiest institution in the entire world. The Catholic Church’s global spending matches the annual revenues of the planet’s largest firms, and its assets—huge amounts of real estate, St. Patrick’s Cathedral, […]
New York’s Police Union Worked With the NYPD to Set Arrest and Summons Quotas
March 20th, 2013Via: The Nation: Audio obtained by The Nation confirms an instance of New York City’s police union cooperating with the NYPD in setting arrest quotas for the department’s officers. According to some officers and critics of quotas, the practice has played a direct role in increasing the number of stop-and-frisk encounters since Mayor Michael Bloomberg […]
A Tale of Two Londons
March 20th, 2013Via: Vanity Fair: Who really lives at One Hyde Park, called the world’s most expensive residential building? Its mostly absentee owners, hiding behind offshore corporations based in tax havens, provide a portrait of the new global super-wealthy.
Test of Anthrax Vaccine in Children Gets Tentative OK
March 19th, 2013Oh sure. Via: Reuters: A presidential ethics panel has opened the door to testing an anthrax vaccine on children as young as infants, bringing an angry response from critics who say the children would be guinea pigs in a study that would never help them and might harm them. … Under a 2005 law, children […]
National Planning Cyprus-Style Solution for New Zealand Banks
March 19th, 2013We have always assumed that a total loss of deposits was possible with New Zealand banks. So, *meh* Via: Green Party: The National Government is pushing a Cyprus-style solution to bank failure in New Zealand which will see small depositors lose some of their savings to fund big bank bailouts, the Green Party said today. […]
Infections With ‘Nightmare Bacteria’ Are On The Rise In U.S. Hospitals
March 19th, 2013Almost as an afterthought, this sentence closes out the piece: And doctors have to use antibiotics more carefully to prevent more germs from developing into dangerous superbugs. So, in other news, The Insane Overuse of Antibiotics in Industrial Meat Production and FDA Won’t Regulate Use of Antibiotics in Healthy Livestock Intended for Human Consumption. And […]
‘How did the chair of the House ethics committee end up on a corporate-backed African safari?’
March 19th, 2013Via: Mother Jones: In August 2012, as most members of Congress were hitting the campaign trail, three Republican lawmakers were enjoying an all-expenses-paid retreat at Ol Jogi, a private 66,000-acre ranch in Kenya’s lush highlands. This “African Versailles” features a golf course, racetrack, dozens of man-made lakes, around 120 miles of road, more than 200 […]
Risks of MRI Dye Omniscan? ‘Burn the Data’
March 19th, 2013Via: ProPublica: In 1994, a scientist studying her company’s new medical imaging dye reached troubling findings. Her boss, she recalls, told her to “burn the data.” That alleged request surfaced this week in a groundbreaking trial over the dye, which is injected into patients to sharpen MRI scans and has been owned since 2004 by […]
Cyprus Considers Zero Tax on Smaller Bank Deposits; All Banks Remain Closed
March 19th, 2013Via: BBC: The Cyprus finance ministry suggests savers holding less than 20,000 euros (£17,000) would be exempt from a bank levy which has caused much alarm. Amounts between 20,000 and 100,000 euros would face a 6.75% tax. The levy on savings above 100,000 would remain at 9.9%. The levy has enraged Cypriots. The earlier plan […]
