Archive for the 'Elite' Category
CNN on the Iran Threat
July 16th, 2012Via: Salon: There’s a perennial debate about whether the propagandistic tripe produced by establishment media outlets is shaped more by evil or by stupidity. Personally, I think it’s both: a healthy dose of each is needed. The system design is malicious, while those who serve as its public face are generally vacant.
And Now… JPMorgan “Loss” $7 Billion
July 14th, 2012Via: New York Times: JPMorgan Chase disclosed on Friday that losses on its botched credit bet could climb to more than $7 billion and that the bank’s traders may have intentionally tried to obscure the full extent of the red ink on the disastrous trades. Mounting concerns about valuing the trades led the company to […]
G4S Cocks Up Security for Olympics
July 13th, 2012Via: Guardian: The depth of the crisis over G4S’s Olympic security preparations became increasingly clear on Thursday as recruits revealed details of a “totally chaotic” selection process and police joined the military in bracing themselves to fill the void left by the private security contractor. Guards told how, with 14 days to go until the […]
Pennsylvania State University’s Top Leaders Covered Up Child Abuse for 14 Years
July 12th, 2012Via: Philadelphia Inquirer: The independent panel investigating Pennsylvania State University’s role in the Jerry Sandusky child sex abuse scandal has determined that the school’s top leaders, including legendary football coach Joe Paterno, tried to cover up the abuse for 14 years. Former FBI Director Louis Freeh, who led the investigation, outlined the findings of the […]
How Many Child Molestors Work for the NRO?
July 12th, 2012Via: McClatchy: One of the nation’s most secretive intelligence agencies is pressuring its polygraphers to obtain intimate details of the private lives of thousands of job applicants and employees, pushing the ethical and legal boundaries of a program that’s designed instead to catch spies and terrorists. The National Reconnaissance Office is so intent on extracting […]
Google Settles with U.S. Government on Privacy Violations
July 12th, 2012Where does $22.5 million show up on Google’s list of expenses? Hmm… In other words, for Google and other companies: Do more of this. The penalty for getting caught is trivial. Via: New York Times: Google and the Federal Trade Commission are near a $22.5 million settlement agreement related to charges that Google bypassed privacy […]
Canada: Family Farm Expropriated for Gold Mine
July 11th, 2012Via: Chronicle Herald: Last week, Natural Resources Minister Charlie Parker made a clear choice about the kind of business Nova Scotia really supports. Rather than defend the rights and interests of a Nova Scotian family business, he sided instead with DDV Gold, a subsidiary of Australian company Atlantic Gold, granting the mining company vesting orders […]
Rules of American Justice
July 10th, 2012Via: Salon: The next time an American political official is tempted to torture people or spy on Americans in violation of the law or destroy court-ordered evidence of wrongdoing — or the next time Wall Street executives are tempted to commit institutional fraud for personal enrichment — what incentives does anyone think will exist for […]
PFGBest Founder Attempts Suicide as $200m Goes Missing from Accounts
July 10th, 2012Via: Guardian: The founder of the US broker PFGBest is said to have attempted suicide as it emerged that more than $200m (£130m) appeared to be missing from clients’ accounts. Russell Wasendorf Sr, a 40-year veteran of futures markets, was found in his car near the company’s Iowa headquarters and is in a critical condition […]
LIBOR Rate Fixing: ‘The Most Egregious Crime in a Generation’
July 9th, 2012Now with no 9/11! Via: Time: The 21st has been a banner century for financial and accounting scandals. Enron, the dotcom bust, the subprime-mortgage crisis and the bank bailouts have all contributed to the very low esteem in which the American public holds Corporate America in general, and high finance in particular. So it is […]
