Multinational corporations such as Google and Facebook minimize their European income tax bills through “favorable” tax schemes in countries like Ireland (aka the Double Irish), the Netherlands (aka the Dutch Sandwich), and Luxembourg, which they argue are legitimate.
Leissner was seen as a “key player” in cultivating the bank’s very profitable relationships with Kuala’ Lumpur’s banking and government elite, including Malaysian Prime Minister Najib Razak, the Financial Times reports.
Forget The BOJ – It’s Still A Rally Market (Aaron M.)
However, the announcement by the Bank of Japan (BOJ) to implement negative interest rates in a desperate last attempt to boost economic growth in Japan was only the catalyst that ignited the bulls. The “fuel” for the buying came from the end of the month portfolio buying by fund managers.
Time to heed warnings of Syriza’s ex-finance minister Yanis Varoufakis (Afridev, richcabot)
The year 2015 started with hope as a result of the Syriza victory; it ended with the betrayed Greeks throwing firebombs to protest EU-imposed pension reform while Syriza privatized fourteen airports and sold them to the Germans as part of the bailout scheme.
Bottom line: They kept building and building ever more expensive condos until suddenly, over the period of a few months, the market crapped itself. This, at a time when foreign currencies buy far less than a year ago, supply is through the roof, and more supply is in the development stages pipeline than since 2006. This is 2007/08 all over again.
Drug smuggling is HSBC’s raison d’etre (richcabot)
And back in 2011, HSBC was revealed to be the UK financial sector’s most enthusiastic user of tax havens, with no less than 556 subsidiary companies based in offshore jurisdictions. Tax havens, as leading expert Nicholas Shaxson notes, “are characterized by secrecy… what they are fundamentally about is escape – escape from the rules, laws, regulations of jurisdictions elsewhere. You move your money offshore and you can then escape the laws that you don’t like”.
An extensive New Yorker profile of Saban recalls how Saban publicly described his “three ways to be influential in American politics” in 2009. One was political donations. Another was establishing think tanks (he founded the Saban Center for Middle East Policy at the Brookings Institution in 2002). And the third was controlling media outlets.
… while warning to await a full-on coopted media assault about the dangers of cash “which is an anacrhonysm from a bygone era, and that the world will be so much better if only everyone dutifully exchanges the physical currency in their pocket for digital, traceable, and deletable 1s and 0s”, none other than Bloomberg issued an editorial Op-Ed in which it had one simple message: “Bring On the Cashless Future.”
On Friday and Saturday, the student teams gathered in central Texas to show off their homegrown designs, taking the first step toward building pods and making the future Elon Musk a reality. In these teens and young twenty-somethings, Musk has found not only some of the world’s brightest minds but also believers. Musk had inspired them, and in the students he had found the youthful energy to push forward a brash idea like the Hyperloop.
“We commend the Commission for upholding net metering and protecting solar choice for Californians,” Bryan Miller, a senior vice president at Sunrun, said in a statement. “While today’s decision is a compromise that will require the solar industry to adapt, it rejects the utilities’ anti-solar proposals and continues California’s renewable energy leadership.”
What a difference 18 months makes. The price of oil today has plummeted to around $30 a barrel, well below the break-even point for tar sands producers, and the value of the Canadian dollar has fallen sharply. President Obama killed the Keystone XL project in November, and staunch opposition has so far halted efforts to build pipelines that would carry tar sands crude to Canada’s Pacific and Atlantic coasts.
Navajo water has long been contaminated by Peabody Coal mining on Black Mesa, uranium spills, strewn radioactive tailing from the Cold War uranium mining, and recently the EPA’s poisoning of the Animas and San Juan Rivers.
Further, the US government knew when it relocated Navajos to the Sanders, Arizona, area that radiation from the Church Rock, N.M., uranium spill would poison their water by way of the Rio Puerco wash. In the Four Corners region, three coal fired power plants poison the water in runoffs.
Gold & Silver
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