Showing posts with label Elitist Privilege. Show all posts
Showing posts with label Elitist Privilege. Show all posts

Wednesday, December 2, 2015

TPP a Disaster for Natural Health





 



TPP Deal Finally Revealed

Details of the long-secret Trans-Pacific Partnership are public at last: it will undermine the safety of our food supply, make medicine more expensive, and give power to the biotech monopoly. Action Alert!

A few weeks ago, the full text of the Trans-Pacific Partnership (TPP) trade deal was finally released after many years of closed-door negotiations between officials from the US and eleven other countries, all of whom border the Pacific Ocean. Its provisions were apparently kept secret from all but the biotech and pharmaceutical industries.

Leaked documents during the trade negotiations provided reason to be concerned about the final agreement. And now, a review of the deal’s twenty-nine chapters and five thousand pages proves these early concerns were completely justified. The final package now awaits a vote in Congress, which is likely to take place in Spring 2016.

Here are some of the most pressing concerns for natural health advocates:

It Undermines the Safety of the Food Supply

 

The TPP contains a number of provisions that threaten current food safety laws.

Generally speaking, passage of the TPP would mean that any US food safety law concerning things like pesticides, food additives, or labeling that is more stringent than “international standards” may be considered an “illegal barrier” to trade, and subject to enforcement. We have learned to beware of such “international standards.” They are largely determined by global special interests.

The TPP expands corporate power in other ways. The deal includes an investor-state dispute settlement (ISDS) system in which multinational corporations can challenge a host company’s regulations in an international court. ISDS has been a fixture in other trade treaties, including NAFTA (the North Atlantic Free Trade Agreement), and has been used to challenge countries’ economic policies, anti-smoking efforts, and environmental preservation laws. It is another giveaway to Big Food and other powerful multinational interests—a recurring theme throughout the TPP document.
The trade agreement also undercuts US efforts to inspect food imports. The agreement limits food import inspections at the border “to what is reasonable and necessary,” and if an issue arises, a country must also provide an “opportunity for a review of the decision.” This provision, referred to as the Rapid Response Mechanism, may give exporting countries the right to challenge basic food safety provisions in the US.

It Gives New Patent Protections to Big Pharma

 

The TPP contains an entire chapter on intellectual property rights, with many provisions relating to pharmaceutical patents. No doubt heavily influenced by the pharmaceutical industry, the trade deal will force signatory countries to accept many of the same patent laws that have kept drug prices so astronomically high in the US.

The deal would extend and broaden certain patent and data protections for the pharmaceutical industry, which Big Pharma can then use to keep prices high and delay competition from generics. It is a wonderful gift to the pharmaceutical industry—but a grave loss to patients in developing countries looking for access to affordable drugs.

The TPP also allows a practice known as “evergreening,” which lets drug companies extend a patent on an old drug when it can be used to treat a new condition—another boon for Big Pharma’s monopoly power.

Even when Big Pharma loses in the TPP, it wins. One of the more controversial topics in TPP negotiations concerned patent and data protections for biologic drugs—medicines derived not from inert chemical compounds but from living organisms. Big Pharma wanted twelve years of exclusivity— they already have this in the US—and US trade officials pushed hard in the negotiations to make this the standard. Instead, the deal grants them at least five years of exclusivity and as much as eight.

It’s Also a Gift to Biotech Seed Companies

 

Finally, the TPP deal expands biotech’s monopoly over the seed industry. The deal requires all twelve countries to join a number of global intellectual property treaties. One of these treaties is the 1991 International Convention for the Protection of New Varieties of Plants (UPOV91), which emphasizes the rights of seed companies over farmers. Among other things, UPOV91:

  • Requires intellectual property (IP) protection for all plant species;
  • Provides IP protection for 20 to 25 years; and
  • Stops farmers from exchanging seeds—a common and important practice in many developing nations and indeed throughout human history.

In countries that have not already turned agriculture over to the biotech industry, this could mean a substantial rewrite of regulations meant to protect farmers.

Other treaties that signatory countries are compelled to join make it easier to apply for patents—making it very likely that more plants and seeds will be patented.

If these gifts to industry were not enough, President Obama moved earlier this summer to have the deal “fast-tracked”—that is, Congress will be given a fixed period to review the agreement, after which time legislators must make a yes/no vote without the possibility of amending the deal. Essentially, it’s “take it or leave it.”

We say: leave it. And if the US does reject it, do not worry about losing the reduction of tariffs that is already included. There will just be a second (and, we hope, a better) version to replace it.
Action Alert! Write to your members of Congress and urge them to oppose the TPP deal, which undermines consumers and farmers and extends monopoly rights to major industries. Please send your message immediately.



Take-Action


Tuesday, November 3, 2015

“Building a better future through collective action”. Anonymous , UK bonfire night Million Mask March





Anonymous plot bonfire night Million Mask March

 
Protesters hold up their Guy Fawkes masks on the Liberty Bridge during a demonstration by supporters of the Anonymous movement as part of the global "Million Mask March" protests, in Budapest, November 5, 2014. © Bernadett Szabo
 
 
Activist collective Anonymous have released details of the 2015 Million Mask March, which will see coordinated demonstrations in cities across the globe protesting against corruption, human rights abuses and censorship.
 
Following in the footsteps of previous marches, the worldwide demonstration will take place on November 5, coinciding with bonfire night in the UK.

This year’s message is “building a better future through collective action,” a statement from the group released on Monday reads.

The London march in 2014 attracted over 1,000 participants who marched through the city center wearing distinctive Guy Fawkes masks, which have become the unofficial emblem of the movement.
Fawkes, part of a band of persecuted English Catholics, was captured and executed by the British state after attempting to blow up the Houses of Parliament in 1605. His image was popularized by the 2005 film adaptation of the Alan Moore graphic novel V for Vendetta.



Read More Here

Friday, October 23, 2015

How Rising Rents Are About to Crush American Spending Power





 
 
File:Loz rent car.JPG
  Rent Is Too Damn High Party car
Wikipedia.org
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We just learned America’s rental affordability crisis is as bad as it’s ever been. Unfortunately, it’s about to get a whole lot worse.

The American Community Survey for 2014, released a few weeks ago, found that the number of renters paying 30 percent or more of their income on housing – the standard benchmark for what’s considered affordable – reached a new record high of 20.7 million households, up nearly a half-million from the year before. Despite the improving economy, the increase was nearly five times bigger than last year’s gain.

That means about half of all renters live in housing considered unaffordable. And the latest increase comes on top of substantial growth since 2000 that has seen this number climb by roughly six million households over the period, an increase of about 41 percent.

Related: More Americans Struggling to Pay the Rent
 

Read More Here

Friday, October 16, 2015

‘TTIP is death:’ Over 100 arrested in Brussels at US-EU trade deal protest (VIDEO)


©

At least 100 people have been arrested in Brussels, where hundreds more protested against TTIP, an impending free trade deal between the US and the EU, as the next round of TTIP talks approaches.

Roads were paralyzed in the Belgian capital as a force of more than 600 activists descended on EU headquarters, blocking traffic and the venue of the EU leaders summit in protest against the Transatlantic Trade and Investment Partnership (TTIP).


People carried signs and chanted slogans such as “Stop TTIP, stop austerity” and "Sorry for the inconvenience. We're trying to save the world," at the march in Brussels on Thursday. "TTIP is death" another sign read. One group of protesters displayed a balloon ‘Trojan Horse’ as an allegory for the deal.




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successful blockades today in Brussels. However around 20 arrests confirmed. pic.twitter.com/UP9MdVnfU2"

Tuesday, October 6, 2015

The "disastrous" pro-corporate trade deal finalized Monday (TPP) could kill the Internet as we know it



Published on
by

Groups Issue Warning: Pro-Corporate TPP Could Kill the Internet

"What we're talking about here is global Internet censorship."
 
 
Digital rights groups warn that TPP "will criminalize our online activities, censor the Web, and cost everyday users money." (Photo: Getty)
The "disastrous" pro-corporate trade deal finalized Monday could kill the Internet as we know it, campaigners are warning, as they vow to keep up the fight against the Trans Pacific Partnership (TPP) agreement between the U.S. and 11 Pacific Rim nations.
"Internet users around the world should be very concerned about this ultra-secret pact," said OpenMedia's digital rights specialist Meghan Sali. "What we’re talking about here is global Internet censorship. It will criminalize our online activities, censor the Web, and cost everyday users money. This deal would never pass with the whole world watching—that’s why they’ve negotiated it in total secrecy."
"The TPP will criminalize our online activities, censor the Web, and cost everyday users money. This deal would never pass with the whole world watching—that’s why they’ve negotiated it in total secrecy." —Meghan Sali, Open Media
TPP opponents have claimed that under the agreement, "Internet Service Providers could be required to 'police' user activity (i.e. police YOU), take down Internet content, and cut people off from Internet access for common user-generated content."
Among the deal's provisions are rules that could criminalize file-sharing, whistleblowing, and breaking digital locks, even for legitimate purposes. Of course, because the contents of the pact have been negotiated largely in secret, the exact implications of the TPP on user rights is yet to be seen.
However, Electronic Frontier Foundation's (EFF) Maira Sutton wrote on Monday, "We have no reason to believe that the TPP has improved much at all from the last leaked version released in August, and we won't know until the U.S. Trade Representative releases the text. So as long as it contains a retroactive 20-year copyright term extension, bans on circumventing DRM, massively disproportionate punishments for copyright infringement, and rules that criminalize investigative journalists and whistleblowers, we have to do everything we can to stop this agreement from getting signed, ratified, and put into force."
Furthermore, "The fact that close to 800 million Internet users' rights to free expression, privacy, and access to knowledge online hinged upon the outcome of squabbles over trade rules on cars and milk is precisely why digital policy consideration[s] do not belong in trade agreements," Sutton added, referring to the auto and dairy tariff provisions that reportedly held up the talks.
"The fact that close to 800 million Internet users' rights to free expression, privacy, and access to knowledge online hinged upon the outcome of squabbles over trade rules on cars and milk is precisely why digital policy consideration[s] do not belong in trade agreements."  —Maira Sutton, EFF
With a major protest against the TPP and other secret trade deals planned for November in Washington, D.C., EFF is crowdsourcing slogans related to how the TPP threatens digital rights and freedoms around the world.
"Successive leaks of the TPP have demonstrated that unless you are a big business sector, the [U.S. Trade Representative, or USTR] simply doesn't care what you have to say," wrote EFF's Jeremy Malcolm.
"Enough's enough," reads the group's call-to-action. "The time for whitepapers and presentations is past. The USTR has failed us, so now it's time for the public to rise up and take their message about the TPP's threats to user rights to Congress, which has the ultimate authority to approve or reject the deal for the United States."

Monday, October 5, 2015

Petty Partisan Politics : Why America is doomed to fail.


 

The U.S. national debt grows at a rate of 45.486 dollar per second! 
 20,517,497,500,000

10/05/15  6:28pm CDT

$ 65.903

Debt per citizen

$ 113.353

Debt per taxpayer
Year
x billion U.S dollar
2004 7.379
20057.933
20068.507
20079.008
200810.025
200911.910
201013.562
201114.781
201216.059
201316.732
201417.810
For Real Time National Debt Numbers Visit The US Debt Clock
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Since our worlds collided on that  fated day in 2008 when the American dream became even more elusive for the majority of us there  has been some time to reflect on our mistakes.  Some of us have learned from  what  we have lived and  experienced.  Others, however, are still stuck in the  partisan la la land of Rabid Conservatism or Rabid Liberalism.  Each side pulling for its own without  taking pause to understand the long-range  consequences of their actions.

Politicians will do  what  politicians do best,  protect their pockets and those  who  keep them full.  What excuse do the common folk (non-corporate or  lobbyist) have?  You vote  Republican or Democrat  because they hold the best  future for our  country?  Or do you vote because  it is all you  know  and  you cannot  fathom the  fact that  both  sides of the  aisle  serve the  same  master?  It  has  gone  way  beyond the  scope  of  political  party  or leanings.  It is time to  put those patriotic gestures, slogans  and  mindsets  to  actual  use by truly  putting  your  country  first.  We must  put a  stop to  the criminal Washington/Corporate  agenda  that  is  killing us.

Until we truly and  seriously address the  criminals  who are  selling our  Nation and  our  children's  future to the  highest  bidder we  are  doomed.  Are  you ready to  face the  truth  or  will you  just  sit back and blame another  while  you  do  nothing to  change the problem?

The  only answer to  the putrefaction that  is taking  place  all across this  nation is in the  hands  of the  people.  Many  laughed  at the  Occupy  movement.  Some vilified those  who wanted  to make a  difference  and  voice their displeasure with the  status quo.  How many  of  you have  done  anything to make a  change?  How many  of you have cared  enough  to even consider  what role  you  may have to play?

Truly, I do not see a way  out of this  unless people  stop seeing right or left and  start seeing stars and  stripes.  This  nation depends on  it's People, not its politicians.  Why have  we become so  complacent that we are  no longer  willing to  fight the  good  fight  for our  freedom and  our  way  of life?  When did  this  nation  become  the  home  of the  lazy and  the  weak?  It is  time the  strong  and the  brave stood up, if  there  are  any left.

What  will it take  to  make  you  see that politics is a trap?  An illusion to make  us  believe  we  have a  choice  when in reality  we have  none.  They  have  both  evolved to  serve the  same  masters and  fulfill the  same  agenda.  An agenda  that  serves  neither  you  nor me.  When will you  wake  up from  your  blue  and  red  slumber  to  see that we have all been  lied  to ?

When do we take  America back as a  People  not  a political party?

The  time is  growing  short  people!  Unless you open  your  eyes  and  understand  what  is truly  at  stake.  You  will never live in America  the Land  of  the  Free and the  Brave  again.  We will simply  exist in a land run by petty politics  and  corrupt corporations willing to  do  whatever it takes to  maximize their  bottom line.  Even if it means exploiting our children's lives and futures.


Is that  an outcome you are willing to live with ?

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Just  in case  you still don't have a  clue  what  I am  talking  about.  Here  is  a  very short list  of examples of the  Corporate Assault on Our Lives And Our Health   that  our  politicians have  allowed to take place for a  price.


GMO's  in our food supply

Digestive disorders, Obesity,Endocrine disorders on the rise

Glyphosate in our foods, our water and our  breast milk

Kidney and  Liver  damage on the rise

Fracking chemicals in the water supply

Cancers on the rise

Fluoride in the  water  supply

Vaccines causing deadly reactions in children and adults

Autism on the rise

Heavy metals in our food supply

Alzheimer's on the rise

Deadly chemicals being pawned off as  sugar  substitutes from saccharine  to splenda all have  been  found  to  cause  cancer in  animal studies.  The  biggest  culprit and most  dangerous  thus  far  being  Aspartame.

Life saving  drugs monopolized  by Big Pharma to  bloat prices beyond  most people's  reach.  Daraprim being the latest going  from  $13.50 per pill to  $750.00.  Basically condemning those who cannot afford them to die.

There  are  so many  more examples  you  just  need to  open  your  eyes  and  want to see the truth


~Desert Rose~
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David Korten: From Serving Money to Serving Life: A Sacred Story for Our Time

Ed Mays




Published on May 5, 2015
When we get our story wrong, we get our future wrong. Much like the Trans-Pacific Partnership "trade deal", everything we are told about capitalism and our economy is a pack of lies. Time for a new story, says preeminent scholar and critic of corporate globalization, David Korten, the best-selling author of When Corporations Rule the World and The Great Turning. David has a brand new book, Change the Story, Change the Future - a Living Economy for a Living Earth. He is the co-founder and board chair of YES! Magazine, co-chair of the New Economy Working Group, founder and president of the Living Economies Forum (formerly the People-Centered Development Forum), a member of the Club of Rome, and a former board member of the Business Alliance for Local Living Economies (BALLE) and associate of the International Forum on Globalization.

This Earth Day address was recorded April 22, 2015 at Seattle University Pigott Auditorium.


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Local Communities Dismantling Corporate Rule, part 1

peakmoment



Published on Feb 12, 2014
Community Rights educator Paul Cienfuegos explains how "We The People" are exercising the authority to govern ourselves and dismantle corporate rule. When small farmers in rural Pennsylvania wanted to say "no" to a corporate factory farm coming into their community, they learned they couldn't, because it would violate the corporation's "rights" and state pre-emption laws. So they did something technically illegal - their town passed an innovative ordinance banning corporate factory farming. It worked! The corporation left town. Pittsburgh upshifted the approach: Rather than define what we don't want, define what we DO want. Their "Right to Water" stopped natural gas fracking in the city. Ordinances like this have been passed in over 150 communities in 9 states. Tune in to learn how this works. Episode 258. [paulcienfuegos.com, celdf.org, YouTube channel "Community Rights TV" and communityrightspdx.org]


Peak Moment TV exists because of viewers like you. Subscribe to news and donate at http://www.peakmoment.tv, right side. Thanks for being in the Peak Moment community.



Local Communities Dismantling Corporate Rule, part 3


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Why Is Congress Ignoring Our $18.4 Trillion National Debt?

Have we forgotten about the national debt? Congressional Republican leaders and the Obama administration have begun private talks about a new two-year spending plan that would keep the government operating beyond the 2016 election but would do little to address more fundamental structural problems, including entitlement and health care spending for an aging population.
Even before Congress completed work on a short-term spending measure to avert a government shutdown at least until early December, Senate Majority Leader Mitch McConnell (R-KY), outgoing House Speaker John Boehner (R-OH) and President Obama held preliminary talks on a possible multi-year budget agreement to increase spending for both defense and domestic programs by lifting fiscal 2016 discretionary spending caps imposed by the 2011 Budget Control Act.
Related: New CBO Director Renews Warning on Long-Term Debt
The agreement would be similar in scope to a two-year mini-budget agreement that was struck by Sen. Patty Murray (D-WA) and Rep. Paul Ryan (R-WI) following a 16-day government shutdown in late 2013 that temporarily put an end to inter-party budget warfare. That agreement allowed for $45 billion more in spending above the caps in 2014 and $20 billion more in 2015, as well as $20 billion of deficit reduction.

Read More Here

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The Daily Signal



Obama Is Willing to Put Our National Security at Risk With a Veto

USS Ronald Reagan and its embarked air wing, Carrier Air Wing (CVW) 5, provide a combat-ready force that protects and defends the collective maritime interests of the U.S. and its allies and partners in the Indo-Asia-Pacific region. (Photo: U.S. Navy Specialist 2nd Class Paolo Bayas)







The Russians are bombing CIA-backed rebels in Syria and continuing to hold parts of Ukraine. ISIS continues to spread in the Middle East and inspire attacks around the world. Iran is receiving hundreds of billions in sanctions relief, some of which will likely go to destabilizing the Middle East. China is building illegal islands in the South China Sea. Hundreds of thousands of refugees are streaming across Europe. The Taliban is on the rise in Afghanistan. And our national secrets are being vacuumed up by Chinese hackers.
At the same time, our national defense budget is being slashed.
Since 2011, the defense budget has been cut by 15 percent in real terms. If you include the war budget, which has been going down as we reduce troops in Afghanistan, the national defense has been cut 25 percent in four years.
As a result of these budget cuts, the U.S. military is smaller than it was on 9/11 and in many cases the smallest it has been in recent history.
The world is a mess, our military is being slashed, and now President Obama is going to veto a bipartisan bill that would increase the national defense budget by 6 percent in real terms.
The House of Representatives just passed the National Defense Authorization Act for Fiscal Year 2016 (NDAA), and it is headed to the Senate. This is a bipartisan bill that has been signed into law every year for 53 straight years, but Obama plans to veto it for one simple reason: it doesn’t increase non-defense spending. The president believes that defense and non-defense spending should be increased, and, according to the White House, “he will not fix defense without fixing non-defense spending.”


Read More Here

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John Boehner Admits Republicans are Willing to Put U.S. at Risk to Play Partisan Politics

February 16, 2015 By Allen Clifton
Republicans are anything if not predictable. The moment they gained power back in the Senate it was obvious that they were going to use that power to play petty partisan politics. The truth is, controlling Congress means very little as long as the person in the White House has veto power.
So no matter what sort of propaganda Republicans spew about the nonsense they’re going to undoubtedly shove through Congress, it’s still on them to send the president legislation that they know he will sign, otherwise they’re essentially just wasting time.
The president is the one person who’s voted into office on a national scale, meaning that they’re the one individual who truly “represents the majority of the people.” So no matter what anyone in Congress says, it’s beholden upon them to make sure whatever bills they’re sending to the president’s desk actually have a chance at being signed. It’s extremely rare for both the House and Senate to have the two-thirds majority needed to override a presidential veto.
All that being said, as many already know the Department of Homeland Security is set to run out of funding fairly soon. Normally this wouldn’t be a huge deal; all it would take is for Congress to pass a bill funding the department, which would almost certainly be signed by President Obama.
Simple, right?
Read More Here

Friday, September 25, 2015

Days of Rage Are Coming : We are fast approaching another moment in history that disabuses what's left of the middle class of their fantasy that they matter.

 



Time to Trade in Your Jag, Benz, BMW for a Dented Econobox: Days of Rage Are Coming

The resistance will take the form of subverting the signifiers of wealth that exemplify the few who have benefited so greatly while everyone else lost ground.
 
It's time to trade in your Jag, Mercedes, BMW (and maybe your Prius, Volvo, Lexus, etc.) before the Days of Rage start. As I've explained before ( As the "Prosperity" Tide Recedes, the Ugly Reality of Wealth Inequality Is Exposed), the rage of the masses who have been losing ground while the Financier Oligarchs, the New Nobility and the technocrat class reap immense gains for decades has been suppressed by the dream that they too could join the Upper Caste.
But once the realistic odds of that happening (low) sink in, the Days of Rage will begin. For those still who don't know the facts of rising inequality, here's what you need to know.
The top 1% skim 23% of all income:
 
While the top 5% has enjoyed substantial income gains over the past 45 years, adjusted for inflation, the bottom 90% have lost ground:
The last time there was mass unrest in America was the civil rights/Vietnam War era. The power of the civil rights movement arose from the core injustice of segregation (separate and unequal) and institutionalized racism/bias. This institutionalized injustice drew people from all classes and ethnicities into the streets, where they were promptly beaten by police.
 
Read More Here

Saturday, May 10, 2014

UK : Jobseekers face losing their benefits for three months or more if they refuse to take zero-hours contract roles, a letter from a Conservative minister has revealed.

Jobseekers being forced into zero-hours roles

Letter from Conservative minister reveals plans to sanction unemployed people if they fail to agree to controversial contracts
Jobseekers
Jobseekers queue outside a Jobcentre Plus branch at London Bridge. Photograph: Oli Scarff/Getty Images

For the first time, benefit claimants are at risk of sanctions if they do not apply for and accept certain zero-hours jobs under the new universal credit system, despite fears that such contracts are increasingly tying workers into insecure and low paid employment.
Last week, the Office for National Statistics revealed the number of contracts that do not guarantee minimum hours of work or pay but require workers to be on standby had reached 1.4 million.
More than one in 10 employers are using such contracts, which are most likely to be offered to women, young people and people over 65. The figure rises to almost half of all employers in the tourism, catering and food sector.
Currently, people claiming jobseekers' allowance are not required to apply for zero-hours contract vacancies and they do not face penalties for turning them down.
However, the change in policy under universal credit was revealed in a letter from Esther McVey, an employment minister, to Labour MP Sheila Gilmore, who had raised the issue of sanctions with her.
The senior Tory confirmed that, under the new system, JobCentre "coaches" would be able to "mandate to zero-hours contracts", although they would have discretion about considering whether a role was suitable.
Separately, a response to a freedom of information request to the Department for Work and Pensions (DWP) published on its website reveals: "We expect claimants to do all they reasonably can to look for and move into paid work. If a claimant turns down a particular vacancy (including zero-hours contract jobs) a sanction may be applied, but we will look into the circumstances of the case and consider whether they had a good reason."
Higher level sanctions – imposed if a jobseeker refuses to take a position without good reason or leaves a position voluntarily – will lead to a loss of benefits for 13 weeks on the first occasion, 26 weeks on the second occasion and 156 weeks on the third occasion.
Asked about the issue by the Guardian, the DWP said jobseekers would not be required to take a zero-hours contract that tied them in exclusively to work for a single employer. The government is already consulting on whether to ban this type of contract altogether.
The change has been made possible because universal credit will automatically adjust the level of benefits someone receives depending on the number of hours they work. This means claimants should not face periods without the correct benefits when their earnings fluctuate or they change job.
However, critics raised concerns that the new policy will force people into uncertain employment and restrict the ability of claimants to seek better work while still placing a burden on many to increase their hours.
Labour's Sheila Gilmore said she was concerned about the situation because JobCentre decision makers already do not appear to be exercising enough discretion before applying sanctions under the old regime.
"While I don't object to the principle of either universal credit or zero-hours contracts, I am concerned about this policy change," she said. "I also fear that if people are required to take jobs with zero-hours contracts, they could be prevented from taking training courses or applying for other jobs that might lead to more stable and sustainable employment in the long term."

Read More Here
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Friday, May 2, 2014

Hmmmm Factor : In the last 5 months five highly educated JPMorgan male employees ,30 and under, have died under suspicious circumstances. Incidents now classified as "Trade Secrets".

Wall Street On Parade

Suspicious Deaths of Bankers Are Now Classified as “Trade Secrets” by Federal Regulator

By Pam Martens and Russ Martens: April 28, 2014

It doesn’t get any more Orwellian than this: Wall Street mega banks crash the U.S. financial system in 2008. Hundreds of thousands of financial industry workers lose their jobs. Then, beginning late last year, a rash of suspicious deaths start to occur among current and former bank employees.  Next we learn that four of the Wall Street mega banks likely hold over $680 billion face amount of life insurance on their workers, payable to the banks, not the families. We ask their Federal regulator for the details of this life insurance under a Freedom of Information Act request and we’re told the information constitutes “trade secrets.”
According to the Centers for Disease Control and Prevention, the life expectancy of a 25 year old male with a Bachelor’s degree or higher as of 2006 was 81 years of age. But in the past five months, five highly educated JPMorgan male employees in their 30s and one former employee aged 28, have died under suspicious circumstances, including three of whom allegedly leaped off buildings – a statistical rarity even during the height of the financial crisis in 2008.
There is one other major obstacle to brushing away these deaths as random occurrences – they are not happening at JPMorgan’s closest peer bank – Citigroup. Both JPMorgan and Citigroup are global financial institutions with both commercial banking and investment banking operations. Their employee counts are similar – 260,000 employees for JPMorgan versus 251,000 for Citigroup.
Both JPMorgan and Citigroup also own massive amounts of bank-owned life insurance (BOLI), a controversial practice that pays the corporation when a current or former employee dies. (In the case of former employees, the banks conduct regular “death sweeps” of public records using former employees’ Social Security numbers to learn if a former employee has died and then submits a request for payment of the death benefit to the insurance company.)
Wall Street On Parade carefully researched public death announcements over the past 12 months which named the decedent as a current or former employee of Citigroup or its commercial banking unit, Citibank. We found no data suggesting Citigroup was experiencing the same rash of deaths of young men in their 30s as JPMorgan Chase. Nor did we discover any press reports of leaps from buildings among Citigroup’s workers.
Given the above set of facts, on March 21 of this year, we wrote to the regulator of national banks, the Office of the Comptroller of the Currency (OCC), seeking the following information under the Freedom of Information Act (See OCC Response to Wall Street On Parade’s Request for Banker Death Information):
The number of deaths from 2008 through March 21, 2014 on which JPMorgan Chase collected death benefits; the total face amount of BOLI life insurance in force at JPMorgan; the total number of former and current employees of JPMorgan Chase who are insured under these policies; any peer studies showing the same data comparing JPMorgan Chase with Bank of America, Wells Fargo and Citigroup.
The OCC responded politely by letter dated April 18, after first calling a few days earlier to inform us that we would be getting nothing under the sunshine law request. (On Wall Street, sunshine routinely means dark curtain.) The OCC letter advised that documents relevant to our request were being withheld on the basis that they are “privileged or contains trade secrets, or commercial or financial information, furnished in confidence, that relates to the business, personal, or financial affairs of any person,” or  relate to “a record contained in or related to an examination.”
The ironic reality is that the documents do not pertain to the personal financial affairs of individuals who have a privacy right. Individuals are not going to receive the proceeds of this life insurance for the most part. In many cases, they do not even know that multi-million dollar policies that pay upon their death have been taken out by their employer or former employer. Equally important, JPMorgan is a publicly traded company whose shareholders have a right under securities laws to understand the quality of its earnings – are those earnings coming from traditional banking and investment banking operations or is this ghoulish practice of profiting from the death of workers now a major contributor to profits on Wall Street?
As it turns out, one aspect of the information cavalierly denied to us by the OCC is publicly available to those willing to hunt for it. On March 24 of this year, we reported that JPMorgan Chase held $10.4 billion in BOLI assets at its insured depository bank as of December 31, 2013.
We reached out to BOLI expert, Michael D. Myers, to understand what JPMorgan’s $10.4 billion in BOLI assets at its commercial bank might represent in terms of face amount of life insurance on its workers. Myers said: “Without knowing the length of the investment or its rate of return, it is difficult to estimate the face amount of the insurance coverage.  However, a cash value of $10.4 billion could easily translate into more than $100 billion in actual insurance coverage and possibly two or three times that amount” said Myers, a partner in the Houston, Texas law firm McClanahan Myers Espey, L.L.P.

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Insurance policies pertaining to bankers’ suicides classified as containing ‘trade secrets’

Published time: April 29, 2014 19:09

AFP Photo / John Moore
AFP Photo / John Moore
After a recent rash of mysterious apparent suicides shook the financial world, researchers are scrambling to find answers about what really is the reason behind these multiple deaths. Some observers have now come to a rather shocking conclusion.
Wall Street on Parade bloggers Pam and Russ Martens wrote this week that something seems awry regarding the bank-owned life insurance (BOLI) policies held by JPMorgan Chase. Traditional life insurance policies ensure that the loved ones of the deceased are compensated fairly in the event of a death, but banks are investing billions in policies that let them receive untaxed payment with the passing of each employee. While it’s not unusual for major banks to take out policies that compensate companies in the event of an employee death, the Martens wrote, attempts to find out more about that practice have been peculiarly hard and have raised a red flag among bloggers like those at Wall Street on Parade.
Four of the biggest banks on Wall Street combined hold over $680 billion in BOLI policies, the bloggers reported, but JPMorgan held around $17.9 billion in BOLI assets at the end of last year to Citigroup’s comparably meager $8.8 billion.
Both banks are global financial institutions with commercial and investment banking operations, the Martens wrote, and each employs close to a quarter-of-a-million employees. Nevertheless, they say that JPMorgan has experienced a far greater rate of suicide among employees in recent months, particularly in the midst of a series of news reports documenting unusual leaps off buildings and other bizarre deaths that have taken the lives of JPMorgan staffers.

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Monday, April 14, 2014

Bundy Ranch may have been targeted because a Chinese solar company (ENN Energy Group) with ties to Sen. Harry Reid's son wants the land for an energy plant,

Reports: Company Tied to Reid's Son Wants Land in Bundy Standoff

Image: Reports: Company Tied to Reid's Son Wants Land in Bundy Standoff
Rory Reid
Sunday, 13 Apr 2014 08:48 PM
The Nevada rancher who forced the federal Bureau of Land Management to back down last week may have been targeted because a Chinese solar company with ties to Sen. Harry Reid's son wants the land for an energy plant, several websites report.
A report on Godfatherpolitics.com,  says Chinese energy giant ENN Energy Group wants to use federal land as part of its effort to build a $5 billion solar farm and panel-building plant in the southern Nevada desert. Rory Reid, the son of Senate Majority Leader Harry Reid, is representing ENN in their efforts to locate in Nevada.
Part of the land ENN wants to use was purchased from Clark County at well below appraised value. Rory Reid is the former Clark County Commission chairman, and he persuaded the commission to sell 9,000 acres of county land to ENN on the promise it would provide jobs for the area, Reuters reported in 2012.
In addition to the county acreage, the federal Bureau of Land Management at one time was looking at BLM property under dispute with cattle rancher Cliven Bundy. The BLM is headed by former Harry Reid senior policy adviser Neil Kornz.
According to BizPac Review, BLM documents indicate that the federal property for which Bundy claims grazing rights were under consideration by a solar energy company. Those documents have since been removed from BLM's website, but BizPac quotes from one of them:
"Non-Governmental Organizations have expressed concern that the regional mitigation strategy for the Dry Lake Solar Energy Zone utilizes Gold Butte as the location for offsite mitigation for impacts from solar development, and that those restoration activities are not durable with the presence of trespass cattle."


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Federal Land Grab In Nevada To Benefit Chinese Solar Farm


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