Archive for the 'Elite' Category
Rotten to the Core: Barclays Paying $453 Million to Settle Libor Probe
June 28th, 2012Via: Reuters: U.K. bank Barclays will pay $453 million to U.S. and British authorities to settle allegations that it manipulated key interest rates, increasing pressure on other banks to cooperate in a probe that could cost the financial industry billions of dollars. The settlement raises fresh questions about the reliability of the London interbank offered […]
Mutated Pests Are Quickly Adapting to Biotech Crops
June 28th, 2012Via: io9: Genetically modified crops are often designed to repel hungry insects. By having toxins built into the plant itself, farmers can reduce their use of environmentally unfriendly insecticide sprays. But as any first-year evolutionary biology student can tell you, insects are like the Borg in Star Trek: they quickly adapt. And this is precisely […]
U.S. Supreme Court Nixes State’s Ban on Corporate Campaign Spending
June 27th, 2012Via: Missoulian: The U.S. Supreme Court, in a 5-4 decision Monday, summarily reversed a Montana Supreme Court ruling and struck down the state’s century-old ban on corporate donations to political candidates. The ruling opens the door for corporations and unions to spend directly from their treasury on advertising and other independent expenditures promoting or opposing […]
CNBC: We’re All Slaves to Central Banks
June 26th, 2012Via: CNBC Reposted on YouTube:
The Scam Wall Street Learned From the Mafia
June 23rd, 2012“Yes, they even dress like mobsters, and wear the pinky rings.” —Unloading Toxic Waste Mortgage Backed Securities: “We Americans Were Very Clever” Via: Rolling Stone: The defendants in the case – Dominick Carollo, Steven Goldberg and Peter Grimm – worked for GE Capital, the finance arm of General Electric. Along with virtually every major bank […]
From Milk to Peas, a Chinese Food-Safety Mess
June 23rd, 2012Via: New York Times: There’s mercury in the baby formula. Cabbages are sprayed with formaldehyde. Gelatin capsules for pills, tens of millions of them, are laced with chromium. Used cooking oil is scooped out of gutters for recycling, right along with the sewage. Accounts of dubious or unsafe food in China are as mesmerizing as […]
Larry Ellison Buys Most of Lanai
June 21st, 2012Via: AP: Oracle Corp. CEO Larry Ellison has reached a deal to buy 98 percent of the island of Lanai from its current owner, Hawaii Gov. Neil Abercrombie said Wednesday. The land’s owner, Castle & Cooke Inc., filed a transfer application with the state’s public utilities commission, which regulates utilities on the island that serve […]
G4S Chief Predicts Mass Police Privatisation
June 21st, 2012Via: Guardian: Private companies will be running large parts of the UK’s police service within five years, according to the world’s biggest security firm. David Taylor-Smith, the head of G4S for the UK and Africa, said he expected police forces across the country to sign up to similar deals to those on the table in […]
Chinese Buy London Metal Exchange in £1.4bn Takeover
June 16th, 2012Via: Independent: One of Britain’s last great independent financial markets has agreed to sell itself to China. The 137-year-old London Metal Exchange has agreed a £1.4bn takeover from Hong Kong Exchanges and Clearing (HKEx) after a nine-month auction process which saw bids from InterContinental Exchange, CME Group and NYSE Nasdaq. The deal will mean massive […]
Leaked Documents Reveal Obama Regime Intends to Give Radical New Powers to Multinational Corporations
June 13th, 2012Via: Huffington Post: A critical document from President Barack Obama’s free trade negotiations with eight Pacific nations was leaked online early Wednesday morning, revealing that the administration intends to bestow radical new political powers upon multinational corporations, contradicting prior promises. The leaked document has been posted on the website of Public Citizen, a long-time critic […]
