Archive for the 'Elite' Category
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 […]
Pentagon Contractor Caught Illegally Selling Military Technology to China
July 9th, 20122002: U.S. satellite maker Loral Space & Communications Ltd. has agreed to pay a $14 million fine for passing missile technology to China. The satellite and communications company will pay the fine over seven years to the U.S. State Department, through its Space Systems/Loral Inc. subsidiary. The subsidiary neither admitted nor denied the charges but […]
Swarms of Maple Seed Drones
July 6th, 2012Via: Talking Points Memo: Imagine a cheap, tiny, hovering aerial drone capable of being launched with the flick of a person’s wrist and able to provide manipulable 360-degree surveillance views. It’s real, it’s inspired by maple seeds, and the company behind it, Lockheed Martin, envisions a future in which swarms of the new drones can […]
The Bank of England Told Us To Do It, Claims Barclays
July 5th, 2012Via: Telegraph: The Deputy Governor of the Bank of England encouraged Barclays to try to lower interest rates after coming under pressure from senior members of the last Labour government, documents have disclosed. A memo published by Barclays suggested that Paul Tucker gave a hint to Bob Diamond, the bank’s chief executive, in 2008 that […]
Women Could Delay Menopause Indefinitely with Ovary Transplant
July 5th, 2012Or, the women can have it all crowd could figure out that they’re on a hamster wheel designed by vampire states to extract taxes from them while their children suffer the consequences. Via: Telegraph: A technique to remove pieces of ovary, store it for decades and then replace it with delicate surgery could effectively put […]
Nicolas Sarkozy’s Home Raided by French Police
July 4th, 2012Via: Guardian: French police have raided the home and offices of the former French president Nicolas Sarkozy as part of an investigation into illegal campaign financing and alleged brown envelopes of cash from France’s wealthiest woman, the L’Oreal hairspray heiress Liliane Bettencourt. Police searched the mansion rented by Carla Bruni in a chic gated community […]
GlaxoSmithKline: Largest Case of Healthcare Fraud in U.S. History
July 2nd, 2012Via: Reuters: GlaxoSmithKline Plc has agreed to plead guilty to misdemeanor criminal charges and pay $3 billion to settle what government officials said on Monday is the largest case of healthcare fraud in U.S. history. The agreement, which still needs court approval, would resolve allegations that the British drugmaker broke U.S. laws in the marketing […]
Drone Makers Urge U.S. to Let Them Sell More Overseas
July 2nd, 2012Via: Los Angeles Times: Despite concerns about U.S.-made drones ending up in enemy hands, American military contractors are lobbying the government to loosen export restrictions and open up foreign markets to the unmanned aircraft that have reshaped modern warfare. Companies such as Northrop Grumman Corp.and other arms makers are eager to tap a growing foreign […]
