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Posts Tagged ‘Reuters’

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According to Reuters, “In the weeks leading up to a critical annual U.S. report on human trafficking that publicly shames the world’s worst offenders, human rights experts at the State Department concluded that trafficking conditions hadn’t improved in Malaysia and Cuba. And in China, they found, things had grown worse.

The State Department’s senior political staff saw it differently — and they prevailed.

A Reuters examination, based on interviews with more than a dozen sources in Washington and foreign capitals, shows that the government office set up to independently grade global efforts to fight human trafficking was repeatedly overruled by senior American diplomats and pressured into inflating assessments of 14 strategically important countries in this year’s Trafficking in Persons report.”

In other words, President Obama instructed American officials to overrule the state department. Why would he do this? Two reasons 1. Fast Track Authority, and 2. The Trans Pacific Partnership. Malaysia is one of the nations that is involved in negotiating the Trans Pacific Partnership (TPP), which is a massive income redistribution scam diverting money and wealth from the 99 to the 1 percent.

The negotiations for the TPP broke down a few weeks, which was a good thing for people in the negotiating nations. However, the impasse could be overcome, so we’re not out of the economic hot water yet. The TPP would’ve shipped millions of US jobs to low wage nations, such as Malaysia and Vietnam. American workers would have been forced to compete against slave labor in Malaysia, and nearly slave labor in Vietnam, if the TPP had been passed by congress.

The only way the TPP could pass through the US congress would be by granting Fast Track Authority to the president. Clever Wall Street Senator Ron Wyden placed some restrictions on the Fast Track bill that passed through both chambers of the US congress. One of the stipulations of Fast Track was that no nation could be a Tier 3 slavery nation. So President Obama figured out a way to get around this stipulation, which Wyden being an astute puppet of the rich most likely anticipated: Push the state department to upgrade Malaysia’s slave trafficking status. So that status became second tier, which meant that fast track authority applied to the TPP.

How important is civil rights to President Obama at home if he is encouraging slavery abroad on behalf of the owners of US corporations, which is effectively the 0.01 percent? That answer is squat.

For more on this scandal, click on the following link.

Reuters Investigation: Special Report: State Department watered down human trafficking report

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According to Reuters, “JP Morgan Chase & Co CEO Jamie Dimon has pleaded with and complained to the U.S. Justice Department but cannot convince the government to end its criminal probe of his bank because prosecutors are not yet certain of their findings, people familiar with the matter said.” Perhaps that’s because Dimond’s neck deep up in crimes. A life time in prison isn’t exactly what anybody would want.

While the criminal investigations are still on going, Dimon has agreed to “the largest single-institution settlement arising from the financial crisis. Dimon’s JP Morgan Chase has agreed to pay $13 billion dollars. This is to resolve multiple investigations involving its mortgaged backed securities and other derivatives. The civil settlement appears to have no bearing on other ongoing criminal investigations of the bank.

While there has been no official release from the Department of Justice (DOJ) which negotiated the settlements or from JP Morgan itself, it is widely reported that the settlement includes $9 billion in fines and $4 billion in relief for consumers. Reuters is reporting that 80 percent of the settlement involves investigations of the mortgage business of Washington Mutual and Bear Stearns, which were both acquired by JPM. Others are reporting that the $4 billion in consumer relief arises out of claims from the Federal Housing Finance Agency that the bank sold improperly vetted mortgages to Freddie Mac and Fannie Mae, loans which eventually defaulted.

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Enough citizens of Switzerland have signed a petition demanding that the government ensure a minimum monthly income of nearly $2,800 (2,500 Swiss francs) for all adults in the country.

120,000 signatures was sufficient to formally call a vote in the government over whether or not to approve the “CHF 2,500 monthly for everyone” funding proposal. By everyone, they mean all adults. For comparison, the average U.S. worker earned $3,769 in pre-tax, monthly salary in 2011. Food service industry workers earned $1,785 in pre-tax income during the same period.

Last month, another petition was advanced to limit CEO pay by tying it to whatever the lowest paid employee of a company earns. That will be decided by referendum. Most of the CEO’s of Switzerland’s major corporations, such as Nestle, have voiced their opposition to this bill.

In the photo above, supporters of the bill poured 8 million nickels, enough for each one to represent a citizen of Switzerland.

 

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