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Archive for the ‘economics’ Category


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Today’s highlighted article was published last month, but I didn’t read it at the time and I’m guessing you didn’t either.

What’s so uniquely tragic about the the intrusion of the police state into America’s schools, is it appears the parents themselves are the ones demanding it. This is in contrast to an overbearing surveillance state implemented by government in secret, as well as by private corporations via lengthy terms of service agreements nobody actually reads.

What follows are excerpts from a very important article published at The NationThe School-Security Industry Is Cashing In Big on Public Fears of Mass Shootings:

“Security was the number-one factor for me in choosing a school,” explained one of the mothers I met late last winter at a Montessori preschool in an affluent suburb of Salt Lake City. A quality-control expert at a dietary-supplement company, the woman said she vividly remembers the jolt of horror she felt when she first learned of the Columbine massacre in 1999. So when the time came to send her child to preschool, she selected one that markets itself not only as creative, caring, and nurturing, but also as particularly security-conscious.

MORE HERE

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‘Pharmaceutical companies spend billions of dollars to influence, “educate,” and entertain doctors around the world.1

According to ProPublica’s “Dollars for Docs” website, which you can use to find out if your doctor accepts money from the drug industry, 1,630 companies have made payments to more than 681,000 doctors, totaling more than $3.5 billion.2

You can also find out if your doctor receives payments from Big Pharma by visiting OpenPaymentsData.CMS.gov. This site has tallied nearly $6.5 billion in payments since 2013’

Read more: Now You Can Find Out If YOUR Doctor Is Being Bribed by Big Pharma

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‘The 3.5 million people of Puerto Rico are entering their second day with no power after a substation fire knocked out service to the entire island. The power outage has left schools scrambling to cancel classes and public hospitals forced to cancel surgeries.

Perhaps even worse, the outage caused numerous fires across the island as a result of malfunctioning generators, including at the upscale Vanderbilt hotel in the popular tourist area of Condado and at the mayor’s office in the northern coastal town of Catano.

While Puerto Rico’s Governor Padilla and the utility’s CEO, Javier Quintana, have said they expect service to be restored by this morning, many Puerto Ricans are dubious saying that the economic slump has affected the government’s ability to maintain basic infrastructure. ‘

Read more: Puerto Rico Blackout Enters Second Day – Entire Island Of 3.5 Million People Without Power

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| 13 Sept 2016 | The United States announced on Tuesday that an agreement has been reached with Israel on a $38 billion 10-year military aid package for 2019 through 2028. Senior officials from both sides will sign the agreement on Wednesday in a ceremony in the Treaty Room at the State Department in Washington at 9 P.M. (Israel time). “This memorandum of understanding constitutes the single largest pledge of bilateral military assistance in U.S. history,” said the State Department in its announcement of the agreement.

As American Infrastructure Crumbles, U.S. Announces $38 Billion Israel Military Aid Package

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In a transaction that will allow Bayer to command more than a quarter of the combined world market for seeds and pesticides, not to mention is set to be the biggest M&A deal for 2016, Reuters reported that Bayer has won over Monsanto’s management with a $128 per-share cash offer to acquire the global seed market leader, in a deal worth $66 billion.

Bayer has signed a deal that includes a fee of $2 billion should the transaction fail to get regulatory clearance as planned, the Reuters source said. The deal is expected to close by the end of 2017, the source told Reuters on Wednesday.

MORE HERE

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Americans have lost jobs and even been killed by their government because they were unwilling to at least appear to believe Fantastic Tales that couldn’t possibly be true. But we are rapidly approaching a transition period when we will be able to actually Tell the Truth in public.

The following is an example of a Fantastic Tale: On Tuesday June 4, 1968 Robert Kennedy won the California Democratic primary. We are told that Sirhan Sirhan was the lone assassin. Men and women in Polite Society are required to believe that Sirhan’s 8 shot 22 caliber revolver fired 13 times without reloading. Sirhan who was standing in front of RFK was able to fire five “Magic Bullets” that flew upward and over Kennedy’s head, went past him and then down sharply only to reverse course, travel downwards only to reverse course again and strike him from behind at an upward angle. Somehow the powder burns from these “Magic Bullets” followed their rather strange trajectory sufficiently so as to convince the Coroner that they had been fired only inches away from the likely 1968 Democratic Presidential nominee.

MORE HERE

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For years we have wondered why Wells Fargo, America’s largest mortgage lender, is also Warren Buffett’s favorite bank. Now we know why.

On Thursday, Wells Fargo was fined $185 million, (including a $100 million penalty from the Consumer Financial Protection Bureau, the largest penalty the agency has ever issued) for engaging in pervasive fraud over the years which included opening credit cards secretly without a customer’s consent, creating fake email accounts to sign up customers for online banking services, and forcing customers to accumulate late fees on accounts they never even knew they had. Regulators said such illegal sales practices had been going on since at least 2011.

In all, Wells opened 1.5 million bank accounts and “applied” for 565,000 credit cards that were not authorized by their customers.

MORE HERE

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This article is not about Debbie Wasserman Schultz but of the influence of who and what she represented as chair of the Democratic National Committee until taken down by Julian Assange, and still represents, in Congress, the interests of Israel, and the power of its domestic supporters over the Black American political establishment as represented by the Congressional Black Caucus (CBC).

To be sure, the CBC’s subjugation by what is generally referred to as the pro-Israel Lobby is not unique. Thanks largely to American Jews having long been the Democratic Party’s major source of funds, estimated by reliable sources to be at least 60% in every election cycle, the Israel Lobby has been not only able to shape the party’s’ Middle East agenda but, of equal importance, determine who will be the chairs and the ranking members on the Congressional committees and subcommittees that have an impact on US-Israel relations. (The same thing can be said about the Republicans but there we see more variety among the donors.)

MORE HERE

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MIAMI – The Obama Administration has reportedly warned that it will end all money transfers from the US to Haiti in November, 2016, unless certain unspecified “corrective measures” are taken.

Many Haitians have, for decades, been largely supported by remittances sent by expatriates working in America to their needy families in Haiti, but that route is also used to repatriate the proceeds of narcotics crime, and apparently the United States has lost patience with the Haitian financial industry’s non-existent anti-money laundering and combating the financing of terrorism (AML/CFT) efforts.

Most North American compliance officers are ill-informed about the thriving Venezuela-to-Haiti-to USA drug trafficking route, believing Haiti to be an extremely poor country and not understanding its key role in drug smuggling and money laundering operations.

MOE HERE

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Do you remember the subprime mortgage meltdown from the last financial crisis?  Well, this time around we are facing a subprime auto loan meltdown.  In recent years, auto lenders have become more and more aggressive, and they have been increasingly willing to lend money to people that should not be borrowing money to buy a new vehicle under any circumstances.  Just like with subprime mortgages, this strategy seemed to pay off at first, but now economic reality is beginning to be felt in a major way.  Delinquency rates are up by double digit percentages, and major auto lenders are bracing for hundreds of millions of dollars of losses.  We are a nation that is absolutely drowning in debt, and we are most definitely going to reap what we have sown.

The size of this market is larger than you may imagine.  Earlier this year, the auto loan bubble surpassed the one trillion dollar mark for the first time ever

Americans are borrowing more than ever for new and used vehicles, and 30- and 60-day delinquency rates rose in the second quarter, according to the automotive arm of one of the nation’s largest credit bureaus.

The total balance of all outstanding auto loans reached $1.027 trillion between April 1 and June 30, the second consecutive quarter that it surpassed the $1-trillion mark, reports Experian Automotive.

MORE HERE

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Race Debate


Making everything about race can ignore the bigger issues. For instance the fact that we are all complete slaves to Usury and its gory off spring.

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The long-running tragic saga of ITT Education Services, which was established nearly 50 ago and operates the ITT Technical Institutes for-profit college chain, finally came to a end this morning with both a bang and a whimper, when it announced that it is shutting down effective immediately, leaving the fate of 40,000 students currently enrolled in limbo, and some 8,000 workers without a job.

The company said the closure is due to an investigation and sanctions by the U.S. Department of Education.

“It is with profound regret that we must report that ITT Educational Services, Inc. will discontinue academic operations at all of its ITT Technical Institutes permanently after approximately 50 years of continuous service,” the company stated Tuesday. “Effective today, the company has eliminated the positions of the overwhelming majority of our more than 8,000 employees.”

As previously reported,  ITT Tech stopped enrolling new students on August 29, just a few days after it was cut off from a significant amount of federal funding by the government. ITT’s collapse was catalyzed when the Department of Education effectively killed the company two weeks ago, when it told the company on August 25 that it couldn’t enroll new students who use federal financial aid. The school accused federal officials of forcing the closure and denying it due process. The company has been the subject of state and federal probes for various reasons, including its recruitment tactics, lending practices and job placement figures.

MORE HERE

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If you want to be sure your pediatrician has your child’s best interest, this is mandatory reading. Pediatricians around the country have begun refusing to accept families who opt out of some or all vaccines. Thanks to a tip sent to Wellness & Equality by a reader, now we know why.

Reblogged on WordPress.com

MORE HERE

 

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‘The ‘Australian Economic Miracle’ of the last three decade has resulted in Bankruptcy. $2.4 Trillion dollars of debt loaded onto a workforce of 12 million workers. There is $1.3 Trillion in private debt. About $650 Billion in Corporate debt/bonds ect. This debt clock has gone up from $430 to $460 in 2 Months.

The Banking Mafia forced Greece, with a similar population to Aus, into default over ~$US400 billion(130% of GDP). Australia has a debt to GDP ratio of +200%. Australia’s current account deficit is -$56 Billion, Greece’s is -$8 Million.

The difference between the two countries is the banking mafia already owns everything of value in Australia and the Australian workers are at optimum levels of economic slavery. The highest house prices and cost of living coupled with declining wage levels make for a bankers’ perfect economic model. The parasite doesn’t destroy the host.’

Read more: Australian Debt:- The Gorilla in the corner

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Class conflict cannot exist in a society without classes, which is what we’re told we have as citizens of the world’s greatest democracy, its most exceptional nation, and other political-religious beliefs to accompany the big economic one about our magnificent free market where nothing is free.

We used to have a middle class and there is an upper middle class living in luxury towers and dining at fine restaurants, and we certainly have poor and rich people, but that doesn’t make us a class society. Does it? Many foreigners think Americans have no class at all but they may be giving the word another meaning. When it comes to economic stratification and wealth inequality, true believers in an alleged democracy that makes us all equal will swear that despite differences in personal bankrolls, by george we are the same in having free choice.

Especially in that fantastic free market where rich or poor, the same products are available to all of us if we just choose them.

Which is why poor people can live in gated communities, penthouses, large estates and lavish mansions, and rich folks can live in slums, housing projects, under freeways and on the street. It’s completely up to them and the educated choices they make at that free market where nothing is free. That’s why some of us eat gourmet as opposed to junk food, ride limos as opposed to bikes, and why some of us visit low-end emergency rooms for common illness while others visit high-end specialists for uncommon ills. Free choice, right?

If you believe any of that it’s amazing you’ve been able to read this far since you either dropped out of elementary school in fourth grade, or you’re employed by the ruling rich as a professional member of their body, mind and soul servant class. Even if you are a member of both those groups, joining with your fellow citizens to create real democracy would bring about a much better world than the one we live in, but if you really believe continued worship of minority wealth is what’s best for us all, you are anti-democratic and possibly fascist no matter how perversely patriotic you may think yourself for standing for the national anthem after lying about your taxes, cheating at your business, or discriminating against other alleged minorities as alienated as you are.

Obedience to symbols can be a sincere and heartfelt behavior but when it’s accompanied by hateful bigotry that would embarrass Nazis it’s a meal to make jackals and hyenas vomit. And hungry people cannot eat symbols of food, nor can homeless people reside in symbolic housing. But symbol worship is another religious observance forced upon good people in hopes that they won’t notice the material ugliness those symbols too often cover for.

The growing pro-democracy movement is learning that the way ruling class minority control of everything is maintained is by reducing the majority to identity group minorities and having them battle over getting a part of the professional class semi-luxury available by obeying the rules of the market religion and thus having some special members of their groups prayers answered by being allowed entry into that privileged group of servants. Unfortunately, it still works for many who not only stand for the anthem but symbolically bend over for their rulers at the same time.

While some of us are terrorized by racism, Trump, staggering debt, Trump, a warfare state, Putin, unemployment, Trump, climate change, Assad, poverty, Trump and a host of other real and imagined menaces, especially the one with which Consciousness Control is obsessing much of the nation, Donald Trump, a host of all too real problems are depicted as only those of certain groups, certainly not all of us. Alleged minorities of beings are Balkanized into believing ourselves separate ethnic-racial-religious-cultural-gender identities which somehow categorize us as different in human substance. Once we are beaten into mental submission that accepts our minority status, the rest is easy for our rulers.

While recent stories of a seemingly disgusting trend towards rape of unconscious women are shocking, more of us will die in automobile crashes and the fatalities will not be sexually segregated or only befall minority subsets of the nation. Yet we are not terrified by media harping on that story about a menace that kills more than thirty thousand americans every year, but rather a disgusting crime which, thankfully, the overwhelming majority of women will never suffer. Why are some menaces hyped to the point of giving us nightmares even if the odds of our enduring them are tiny, while other, real dangers are hardly spoken of at all? Could the fact that automobiles, fossil fuels, health insurance, and related businesses are multi billion dollar profit makers have something to do with it? Duh?

All of us are endangered by the intellectual rape of an unconscious public kept “drugged with religion and sex and tv” according to John Lennon in song back in the sixties. What might John be singing now, with 24-hour cable news mind assaults convincing us that perpetual war is normal, online anti-social media lynch squads aroused over almost anything, narrower minded and louder than ever pundit pinheads, richer and more powerful than ever big Pharma joining the orgy of weapons, drugs, gossip, scandal and the further reduction of passive citizens in an idealized democracy into a fanatic mob of zombie consumers at a realized dystopian mall?

Many of us are so mentally abused by the lies of ruling power that we believe only the most far fetched tales of plots seemingly conducted by forces of evil invisible to all but the anointed who can spot false flags a mile away but are blind to political economics staring them in the face. Reduced to an endless mob of consumers buying bullets, cosmetics, pizza, fashion, beer or pet food, and a parade of proles carrying plastic bags filled with merchandise, garbage or dog poop, most of us are innocently swept up in whatever trend of the moment comes via our networks of believability. And all those networks are directly or indirectly owned by the same financial powers which have nothing to do with fantastic schemes or the illuminati but everything to do with what is quite visible, material and threatens the world we all live in whether compelled to wave fabric painted red white and blue or coerced to carry truly false banners denoting a sub-human status forced upon us as alleged minorities.

The real and most threatening minority is that of the relative handful of billionaires – just over 400 in America – whose domination of the global economy is growing more critical and dangerous as unemployment, poverty and mass murder is suffered by more people while prosperity is enjoyed by a much smaller upper-middle class of servants clinging to the belief that it’s status not only reflects a general condition, but is entirely justified by the rules and regulations of the religious economy; the alleged free market under the control and dominance of a tiny minority growing obscenely richer by the day as a global majority carries the massive public loss caused by their private profits. How can they get away with this?

The tactic of dividing and conquering the opposition is among the oldest known to minority power, but in the age of instant electronic communication, it has become a tool for wielding more power than ever in the past. Royalty, feudal lords, slave owners and other deities of bygone eras would have been orgasmic if they could have had such instantaneous control over what reached the minds of their vassals, peasants, slaves and armies. While the digital age has made possible more direct communication among the people than was ever imaginable before, it has also placed incredible power of consciousness control and mind management in the hands of ruling classes never before as rich, dominant or dangerous.

Great masses of people under the heel of minority rule in what were called empires of the past were no more than national neighborhoods. Now, private capital’s continued and faster rape of the earth and its people in pursuit of ever greater profit for some at ever greater loss for most threatens the planet itself, and not just one or another fiefdom, kingdom or community. While the degradation of poorer and less developed nations is more criminal than ever, what is called the developed world suffers not only a spiritual and moral epidemic of social degeneracy but a vast material breakdown as well. All the more reason for ruling power to keep people relatively isolated on the equivalent of mental plantations, kept from any notion of the potential for global democracy and chained to the idea of national, cultural and most ignorant of all, racial difference making it necessary to band together in only the smallest possible groups which guarantee the ruling minority its continued power and make the collective danger much worse.

This continued rule division plays out in the lesser evil politics employed by regimes of capital in supposed democracies like America that allows their subjects to choose between a demublican representative of Goldman Sachs and the Israeli Lobby or a republicrat representative of the Koch Brothers and the Gun Lobby, with full assurance that whether the selected lesser evil needs a proctologist to conduct a brain scan or a pus removal from veins to allow a blood test, Goldman Sachs, the Israel lobby, the Koch Brothers and the Gun Lobby will maintain their control. They will serve and maintain a system by appealing to fictional minorities that insure the tiniest, richest and only real minority still dominates.

That system needs to be radically transformed by a unified, organized majority that acts for the common identity of humanity, which is all the more reason ruling regimes need to keep it divided. More of us seem to be moving in the direction of such organization and that is making capital’s minority rulers, like rats on a sinking ship, more desperately dangerous than ever. Which means the people need to find our identity as a human race sooner than ever or it will be stripped from all of us, no matter what hyphens, accents, beliefs, skin tones or other divisions we have been conditioned to accept as making us somehow un-human, less-human, more-human, super-human or sub-human.

Nature’s hurricanes, tsunamis, droughts and other events, and societies wars, pollution and poverty are all tending to get worse and do not differentiate among humans when they become all encompassing. The way to avoid the fire next time is to stop the fire hazard now. That hazard is anti-democratic, minority-controlled capitalism and the only way to stop it is with democracy. That means the only identity group that is real, humanity, needs to un-divide, unite, and conquer. Period.

http://legalienate.blogspot.com/2016/09/americas-least-powerful-identity-group.html

email: fpscott@gmail.com

Frank Scott writes  political commentary and satire which appears online at the blog Legalienatehttp://legalienate.blogspot.com

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