Tag Archives: Disinformation

Caribbean and Central America Close Tax Loopholes

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“In Panama, owners of bearer shares no longer have their anonymity ensured. In the Cayman Islands, tax information will soon be shared under the US Foreign Account Tax Compliance Act (FATCA). These are just two striking examples of how jurisdictions in Central America and the Caribbean are cracking down on tax cheats.  For decades, Switzerland prided itself as a haven for the world’s most affluent, with strict provisions for privacy. But now the former advantages of isolation and non-compliance are becoming a liability due to the limitations they place on access to the global financial system.”

http://www.nearshoreamericas.com/tax-havens-close-the-loop-caribbean-cayman-panama/

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Obamacare’s broken website cost more than LinkedIn, Spotify combined

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“The site is so busted that, as of a couple days ago, the number of people that successfully purchased healthcare through it was in the ‘single digits,’ according to the Washington Post.  The reason for this nationwide headache apparently stems from poorly written code, which buckled under the heavy influx of traffic that its engineers and administrators should have seen coming. But the fact that Healthcare.gov can’t do the one job it was built to do isn’t the most infuriating part of this debacle – it’s that we, the taxpayers, seem to have forked up more than $500 million of the federal purse to build the digital equivalent of a rock.”

http://www.digitaltrends.com/opinion/obamacare-healthcare-gov-website-cost/

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‘Rejoice: the Yellen Fed will print money forever to create jobs’

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“We now know where we stand. Janet Yellen is to take over the US Federal Reserve, the world’s monetary hegemon, the master of all our lives.  The Fed will be looser for longer. The FOMC will continue to print money until the US economy creates enough jobs to reignite wage pressures and inflation, regardless of asset bubbles, or collateral damage along the way.  No Fed chief in history has been better qualified. She has pedigree. Her husband is Nobel laureate George Akerlof, the scourge of efficient markets theory.  Her lodestar is the ‘non-accelerating inflation rate of unemployment’ (NAIRU). When the rate is above NAIRU, she is a dove: when below, she is a hawk.”

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100025713/rejoice-the-yellen-fed-will-print-money-forever-to-create-jobs/

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‘South Park’ tackles the NSA, just not as expected

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“In the end, Cartman manages to blow the whistle on the NSA’s program (which utilizes an imprisoned Santa to track the world’s citizens) but unfortunately discovers the public doesn’t give a shit. The citizens of South Park assume that whatever the government is doing, it has only their best interest at heart. It’s hard to say if this conclusion parallels reality, but if true, America may be closer to South Park than we thought.”

http://www.dailydot.com/entertainment/south-park-nsa-episode/

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Can America Win A War In Syria?

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“In 2006, Israel was powerless to impose its rules of warfare on Hezbollah. Israel’s model of victory was expelling Hezbollah, but Hezbollah’s model of victory was simply surviving; their victory they achieved to Israel’s shame. In 2013, America risks being put in Israel’s pre-conflict position, except for one great difference. Assad is the Syrian state. He is not a shadowy nation in a host state, like Hezbollah in Lebanon. However, like the Summer War of 2006, America is in no position to accomplish the objective of stopping Assad’s use of chemical weapons on all three levels of military campaign planning: the (1) Tactical, (2) Operational, and (3) Strategic levels.”

http://www.breitbart.com/Big-Peace/2013/09/06/Can-America-Win-a-War-in-Syria

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Got Dough? How Billionaires Rule Our Schools [2011]

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“The cost of K–12 public schooling in the United States comes to well over $500 billion per year. So, how much influence could anyone in the private sector exert by controlling just a few billion dollars of that immense sum? Decisive influence, it turns out: to define the national debate on education; sustain a crusade for a set of mostly ill-conceived reforms; and determine public policy at the local, state, and national levels. In the domain of venture philanthropy—where donors decide what social transformation they want to engineer and then design and fund projects to implement their vision—investing in education yields great bang for the buck.”

http://www.dissentmagazine.org/article/got-dough-how-billionaires-rule-our-schools

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The Egyptian Debacle

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“Of all the promise of the Arab Spring [..] perhaps the greatest was the idea that the region could escape the paralyzing political trap that offered Western-backed dictatorship or radical Islamism as its only alternatives.  These repressive Arab societies — so illustrative of Western hypocrisy in their power structures, so deadening to the hopes of the young, so shot through with nepotism and cronyism, so distant from a glimpsed modernity — resembled factories for militant Islam rather than bulwarks against it.  When the only place to gather is the mosque, when ‘secular’ equals Western-backed dictatorship and when ‘elections’ amount to a rigged farce, the consolation of the Islamist cause grows.”

http://www.nytimes.com/2013/08/20/opinion/global/the-egyptian-debacle.html?_r=0

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Emerging market rout is too big for the Fed to ignore

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“Zero rates and quantitative easing were the cause of dollar liquidity flooding these countries. It was the biggest reason why net capitals flows into emerging markets doubled from $4 trillion to $8 trillion after 2008, much of it wasted in a late cycle blow-off.  One cannot blame the US for the failings of these countries, yet Ben Bernanke and his successor will still have to live with the consequences. Globalisation has entrapped the Fed. Like it or not, the Fed is the world’s monetary superpower. The exodus of money from emerging markets that we have seen so far is nothing compared with what could happen if this episode is mishandled.”

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/10272285/Emerging-market-rout-is-too-big-for-the-Fed-to-ignore.html

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Monsanto, steaks, and chefs: Intellectual property and food

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“In October 2012, the ABA Journal reported on the filing of a patent for a ‘Vegas Strip Steak.’ This particular cut of beef was apparently unknown until it was discovered by an Oklahoma State University meat specialist. While technically ‘unknown,’ the case of the Vegas Strip is really a case of something being undervalued. Surely, experienced butchers, without any specialized knowledge contained in the patent, will know where to find this new cut of beef merely by hearing about it. If the patent is granted, however, anyone who wishes to extract the Vegas Strip from a cow carcass will be legally required to obtain a license from the patent holder.”

http://communities.washingtontimes.com/neighborhood/business-living/2013/apr/7/monsanto-steaks-and-chefs-intellectual-property-an/

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Former IMF Chief Economist: Sadly, Too Big to Fail Is Not Over

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“There are three issues: the powers of the Federal Reserve, the mandate of the Federal Deposit Insurance Corporation and the vulnerability of taxpayers when one or more large complex financial institutions fail. We have at least five such companies in the United States, all of which are intensely cross-border in their operations (in order of size, JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs and Morgan Stanley).  The biggest and most leveraged financial companies in the United States today are all now bank-holding companies, with access to the discount window at the Fed, via their commercial banking subsidiaries.”

http://economix.blogs.nytimes.com/2013/08/01/sadly-too-big-to-fail-is-not-over/?emc=eta1&_r=1

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