Tag Archives: Meet The New Boss

France vows to defend jobs as GE bids for bailed-out energy company

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“‘We won’t let Alstom sell this national champion behind the back of its shareholders, its employees and the French government,’ Economy Minister Arnaud Montebourg wrote on Twitter before the meetings, accusing Alstom CEO Patrick Kron of ‘a breach of national ethics’.  Alstom, which is suffering from debt and falling demand, was bailed out by the French government in 2004, but needs help again. Smaller than its rivals, it was hardest hit by a slump in orders for power equipment since the 2008 economic downturn depressed electricity prices.  At the weekend, Alstom’s German rival Siemens proposed a swap of power and rail assets to counter a potential Alstom-GE energy tie-up.”

http://www.bdlive.co.za/world/europe/2014/04/29/france-vows-to-defend-jobs-as-siemens-and-ge-battle-for-alstom

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Obama: We Will Go To War For Other Nations’ Petty Territorial Disputes

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“President Obama, who is in Japan today, has announced that the U.S. defense treaty with Japan applies to the Senkaku/Diaoyu Islands. Japan and China are in dispute over who has sovereignty over the largely uninhabited island chain in the East China Sea, but Obama’s statement, simultaneously meant to reassure Tokyo and threaten Beijing, made clear that the U.S. will go to war against China if the territorial dispute erupts into conflict.  The Senkaku/Diaoyu Islands are not a vital U.S. interest. The dispute over them between Japan and China has nothing to do with Americans. But Obama just promised the world he’ll go to war over a bunch of rocks in the East China Sea, if he has to.”

http://antiwar.com/blog/2014/04/24/obama-we-will-go-to-war-for-other-nations-petty-territorial-disputes/

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China seizes $14.5 billion from family, associates of ex-security chief

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“Chinese authorities have seized assets worth at least 90 billion yuan ($14.5 billion) from family members and associates of retired domestic security tsar Zhou Yongkang, who is at the centre of China’s biggest corruption scandal in more than six decades, two sources said.  More than 300 of Zhou’s relatives, political allies, proteges and staff have also been taken into custody or questioned in the past four months, the sources, who have been briefed on the investigation, told Reuters.  It may be driven partly by political payback after Zhou angered leaders such as Xi by opposing the ouster of former high-flying politician Bo Xilai, who was jailed for life in September for corruption and abuse of power.”

http://www.reuters.com/article/2014/03/30/us-china-corruption-zhou-idUSBREA2T02S20140330

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Ukraine Goes Cyprus 2.0, To Tax Deposits Over 100,000 Hryvnia

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“Ukraine’s parliament is to consider draft laws which would ban foreign-currency bank deposits and introduce a 25% tax on interest on deposits in banks and other financial institutions in circumstances where the interest received is more than 5% above the rate set by the National Bank of Ukraine.  The proposed amendments to banking and tax legislation were put forward by Yevhen Sihal, who is a member of the country’s ruling Party of Regions. In an explanatory note submitted with the drafts, he argued that the higher tax rate will encourage consumer spending, reduce the cost of business loans, and provide extra funding for the country’s Pension Fund.”

http://www.zerohedge.com/news/2014-03-20/ukraine-goes-cyprus-20-tax-deposits-over-100000-hryvnia-appease-imf

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EU Passport for the “Right” Kind of Jew

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“Spain wants its Jews back. The government has proposed that the descendants of Jews expelled in 1492 be given the right to acquire Spanish citizenship and passport. It would be relatively easy to qualify – the bill provides several ways to demonstrate Sephardic origins. On the surface, Spain offering the right of return to Jews expelled more than 500 years ago seems like simple justice. And it may be, but the expulsion of the Jews in 1492 is only one of hundreds or even thousands of expulsions throughout history based on ethnic or religious origins. There’s no reason to think other countries that throughout history have expelled or exterminated ethnic or religious minorities will imitate it.”

http://www.nestmann.com/eu-passport-for-the-right-kind-of-jew

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Why I’m burning my last bridge with Obama

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“Join me as I wreck my last artifact of support for the war criminal-in-chief!”

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Bill Bonner: Reefer Madness!

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“It’s all about control and money, not freedom. It will be heavily licensed, regulated and taxed. There will be a lot of money in it… it’s like the liquor business when they got rid of prohibition.  If you legalized pot, prices would collapse. Nobody wants that. What they’re really doing is shifting the margins from the smugglers and dope dealers to the government.  You’ll be able to get pot… without worrying about going to jail or associating with shady characters. The quality is much higher than the stuff we smoked in college. And the people in the business – licensed producers, wholesalers and retailers – will make a lot of money. So will the government. Everybody will be happy.”

http://www.bonnerandpartners.com/reefer-madness/

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In sudden announcement, US to give up control of DNS root zone

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“In a historic decision on Friday, the United States has decided to give up control of the authoritative root zone file, which contains all names and addresses of all top-level domain names.  The new change is in advance of the upcoming ICANN meeting to be held in Brazil in April 2014. Brazil and other nations have fumed at revelations of American spying on its political leaders and corporations, which were first revealed in September 2013 as the result of documents distributed by whistleblower Edward Snowden.  ICANN President and CEO Fadi Chehadé lauded the decision as ‘historic’ and said that ICANN will be moving toward multi-stakeholder control.”

http://arstechnica.com/tech-policy/2014/03/in-sudden-announcement-us-to-give-up-control-of-dns-root-zone/

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Zuckerberg voices frustration with Obama over NSA

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“Posting on his Facebook page Thursday, Zuckerberg wrote that he’s been ‘confused and frustrated by the repeated reports of the behavior of the U.S. government. When our engineers work tirelessly to improve security, we imagine we’re protecting you against criminals, not our own government.’  Though Zuckerberg does not name the National Security Agency, the post comes a day after the news site Intercept reported that the agency has impersonated a Facebook server to infect surveillance targets’ computers and get files from a hard drive. The report is based on documents leaked by former NSA contractor Edward Snowden.”

http://www.timesofisrael.com/zuckerman-complains-to-obama-over-us-cyber-spying/

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Pensions in Ukraine to be halved: sequestration draft

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“The self-proclaimed government in Kiev is reportedly planning to cut pensions by 50 percent as part of unprecedented austerity measures to save Ukraine from default. With an ’empty treasury’, reduction of payments might take place in March.  Ukraine’s new prime minister, Arseny Yatsenyuk, promised the government would do its best to avoid a default, adding that he expects an EU/IMF economic stabilization package soon.  The European Commission offered Ukraine an 11 billion euro loan if Kiev agrees a deal with the IMF. Accepting IMF money will mean many sacrifices for Ukraine’s economy, [such as] increased gas bills, frozen government salaries, and all around budget cuts.”

http://rt.com/news/ukraine-austerity-pensions-halved-174/

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