Tag Archives: Fascism

Deutsche Bank’s Chief Economist Calls For €150 Billion Bank Bailout

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“David Folkerts-Landau, the chief economist of Deutsche Bank, has called for a multi-billion dollar bailout for European banks.  Speaking to Germany’s Welt am Sonntag, the economist said European institutions should get fresh capital for a recapitalization following a similar bailout in the US. What he didn’t say is that the US bailout took place nearly a decade ago, in the meantime Europe’s financial sector was supposed to be fixed courtesy of ‘prudent’ fiscal and monetary policy. It wasn’t.  As Landau says the US helped its banks with $475 billion dollars, and such a program is now needed in Europe, especially for Italian banks.”

http://www.zerohedge.com/news/2016-07-10/deutsche-banks-chief-economist-calls-%E2%82%AC150-billion-bailout-european-banks

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ECB corporate debt buys unexpectedly high in first full week

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“The European Central Bank bought 1.9 billion euros worth of corporate bonds in its first full week of purchases, at the upper end of market expectations, signalling a strong start to its latest measure designed to revive inflation.  Unveiled in March as part of a 1.74 trillion euro asset-buying plan, the ECB started buying investment grade, non-bank corporate bonds on June 8. It hopes that lowering corporate borrowing costs will induce companies to invest, boosting inflation and economic growth.  Sources with direct knowledge had earlier said the ECB was hoping to lure new issuers to the market and would buy 5 billion to 10 billion euros worth of corporate debt per month if new debt sales ramped up.”

http://www.reuters.com/article/ecb-qe-idUSF9N18B01A

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Highway bill revives the Export-Import Bank after only five months

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“A measure extending the bank through 2019 was included in a massive transportation bill that cleared the House and Senate Thursday and is expected to be signed by President Barack Obama. The small federal agency makes and guarantees loans to help foreign customers buy U.S. exports. Business groups like the U.S. Chamber of Commerce say it’s necessary for U.S. competitiveness, since most overseas competitors rely on similar government help.  But conservatives decry the bank as corporate welfare and government interference in the free market.  A rarely used procedure in the House forced a floor vote on the bank over the objections of top GOP leaders.”

http://www.latimes.com/business/la-fi-export-import-bank-20151204-story.html

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White House seeks to enlist Silicon Valley to ‘disrupt radicalization’

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“The White House will attempt to enlist Silicon Valley’s major technology firms in its efforts to combat terrorism on Friday when a delegation of the most senior intelligence officials fly to California to meet with executives from companies including Facebook, Twitter, Apple, Microsoft, YouTube and others.  According to people familiar with the meeting, it will take place at 11am PST in a government building in San Jose, just south of where many of the firms are headquartered.  Other tech participants include LinkedIn and Dropbox, two of the people said. None of the individuals who briefed the Guardian were authorised to speak about the meeting on the record.”

http://www.theguardian.com/technology/2016/jan/07/white-house-social-media-terrorism-meeting-facebook-apple-youtube-

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2015 News Stories You Should Have Heard About, But Probably Didn’t

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“In 2015, the iron fist of power clamped down on humanity, from warfare to terrorism (I repeat myself) to surveillance, police brutality, and corporate hegemony. The environment was repeatedly decimated, the health of citizens was constantly put at risk, and the justice system and media alike were perverted to serve the interests of the powers that be.  However, while 2015 was discouraging for more reasons than most of us can count, many of the year’s most underreported stories evidence not only a widespread pattern that explicitly reveals the nature of power, but pushback from human beings worldwide on a path toward a better world.”

http://theantimedia.org/15-news-stories-from-2015-you-should-have-heard-about-but-probably-didnt/

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James Bovard: Budget bill leaves no boondoggle behind

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“While Congress made scant effort to protect average Americans from rampaging regulators, it hustled to include a provision requesting the Capitol Police to permit sledding on Capitol Hill.  House Freedom Caucus member Tim Huelskamp, R-Kan., summarized the GOP leadership’s wacky reasoning: ‘Give the Democrats what they want now so next time they won’t want as much.’ Republicans have been thunderously promising for decades to protect Americans against federal waste, fraud and abuse. At this rate, Republicans’ credibility gap will soon rival the $18 trillion federal debt.”

http://www.usatoday.com/story/opinion/2015/12/17/budget-bill-leaves-no-boondoggle-behind-column/77476422/

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Households lost from quantitative easing; gov’ts, big business won [2013]

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“The big winners, to the tune of $1.6 trillion by the end of 2012, were the governments of the US, the UK and eurozone, from the reduced costs of servicing their debts and from the increased profits made by the their respective central banks (who magically create money to buy government debts which pay them interest).  McKinsey believes that households have been significant losers from cheap money. How much have they lost? Well McKinsey says that from 2007 to 2012, the cumulative net loss of interest income for American households was $360bn, compared with a cumulative net loss of $160bn for eurozone citizens and $110bn (£70bn) for British people.”

http://www.bbc.com/news/business-24939396

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Facebook’s Free Basics Banned In India, Now Shuts Down in Egypt

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“Egypt ​has now become​ the second country to shut down Facebook’s controversial free internet service after India did the same last week, according to a report from the Associated Press today. The service, called Free Basics, is part of Facebook’s Internet.org initiative that aims to bring internet access to developing nations. Because Free Basics provides access to Facebook and a number of non-Facebook websites at no cost, some regulators and internet activists believe it violates the principles of net neutrality by creating a ‘walled garden’ that prioritizes some sites over others.”

http://www.theverge.com/2015/12/30/10690714/faceboo-free-basics-internet-service-shut-down-egypt

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Gadget to stop driver distraction could become compulsory

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“European Commission officials who are currently devising new safety proposals for car manufacturers may now be drawn to recommend making the cameras compulsory.  Called the Eyetracker, the institute’s device used a series of tiny cameras to monitor eye movements 200 times a second, triggering an alarm when drivers seemed about to nod off. It opens the prospect of future generations of motor vehicle being able to automatically slow down or stop if the driver falls asleep – potentially saving hundreds of lives a year world-wide.  Volvo has already developed a one-inch diameter dashboard-mounted camera which monitors a driver’s gaze and whether his or her eyelids are closing.”

http://www.telegraph.co.uk/news/12048267/Gadget-to-stop-drivers-nodding-off-at-the-wheel-could-become-compulsory.html

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UK pre-crime: Better make sure your face stays off the crowdsourced watch list

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“Facewatch is a system that lets retailers, publicans, and restaurateurs easily share private CCTV footage with the police and other Facewatch users. The BBC reports that Facewatch is currently used at around 10,000 premises. The Facewatch website is full of positive testimonials from shop owners and police forces alike; it does seem to work as intended.  Now, however, Facewatch has been updated so that it can be integrated with real-time face recognition systems. Where previously a member of staff had to keep an eye out for people on the crowdsourced Facewatch watch list, now the system can automatically tell you if someone on the watch list has just entered the premises.”

http://arstechnica.co.uk/tech-policy/2015/12/pre-crime-arrives-in-the-uk-better-make-sure-your-face-stays-off-the-crowdsourced-watch-list/

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