Showing posts with label profitability. Show all posts
Showing posts with label profitability. Show all posts

Saturday, July 07, 2018

Law and Order is Sympathetic to Profit


Counterpunch |  To reverse angles, one need not be a self-affirmed racist to have complied with ‘red-lining’ or ‘white-flight’, only protecting your home value as banks and tax codes made fit.  In fact, a recent survey on immigration found Americans (along with Canadians) the mosttolerant among 27 polled countries, of non-native speakers, the unemployed, felons, radicals, or ethnic groups, so long as they’re citizens.  I’m not altogether sold, but we might not be the irreparable bigots we seem. According to the findings, ‘the US has a very legalistic vision of what it is to be an American’.[i]  (Of course, Nikki Haley stood it on its head when she told the UN it was ‘ridiculous to look at poverty in the world’s richest nation’.  Apparently just as citizenship welcomes our most-poor, it denies them outside protection.)

Thus it’s pertinent to ask, in both cases, should we be looking at conceptions of race and poverty, or of law enforcement and state-power to understand mass-incarceration or the police’ rising body count?

Consider the FBI memo that invented ‘Black Identity Extremism’ (BIE) the same time it granted them right to oppress it. ‘Racism’, in which case, is literally a state-authored fiction, as the group only exists on FBI records. Moreover, as with the ‘blue lives matter’ bill which makes resisting arrest a hate crime, their (straw) premise is that racism ‘goes both ways’.  I’d prefer that were true, since, as stray individuals, we’d have limited ability to act on it.  But it’s not. Racism has a definition: prejudice plus power.

Unlike BIE, ‘SIR’ (state-invented racism) and ‘CRP’ (capitalist-powered racism) have been the constant since answering the mixed ranks of poor in Bacon’s Rebellion with the 1705, Virginia Slave Codes, our first official color-line.  Since then, occasionally its been lifted due to public reckoning.  But it’s never been imposed without the help of some authority, be it state, judicial, or investment capital.  ‘Law and order’ is sympathetic to profit.  The Slave-trade launched our banking system, and the plantation supplied the organizational model for the corporate firm.ii  Post-slavery, fomenting racism was and remains an indispensable strike-breaker.

This doesn’t apply only to blacks.  Today, corporations open our borders to cheap, bracerolabor that it can throw away when its worn, or dares lift its head, while coaxing us to blame the workers.  Or stuff them in jail, along with 1 in 10 African-Americans.  After all, wrenching kids from their parents precedes our deranged president.

It’s ironic though, that the free-market is putting labor in cages, like the slave-market did.

Saturday, April 21, 2018

They Will Kill You


theintercept |  DRONES ARE A TOOL, not a policy. The policy is assassination. While every president since Gerald Ford has upheld an executive order banning assassinations by U.S. personnel, Congress has avoided legislating the issue or even defining the word “assassination.” This has allowed proponents of the drone wars to rebrand assassinations with more palatable characterizations, such as the term du jour, “targeted killings.”

When the Obama administration has discussed drone strikes publicly, it has offered assurances that such operations are a more precise alternative to boots on the ground and are authorized only when an “imminent” threat is present and there is “near certainty” that the intended target will be eliminated. Those terms, however, appear to have been bluntly redefined to bear almost no resemblance to their commonly understood meanings.

The first drone strike outside of a declared war zone was conducted more than 12 years ago, yet it was not until May 2013 that the White House released a set of standards and procedures for conducting such strikes. Those guidelines offered little specificity, asserting that the U.S. would only conduct a lethal strike outside of an “area of active hostilities” if a target represents a “continuing, imminent threat to U.S. persons,” without providing any sense of the internal process used to determine whether a suspect should be killed without being indicted or tried. The implicit message on drone strikes from the Obama administration has been one of trust, but don’t verify.

The Intercept has obtained a cache of secret slides that provides a window into the inner workings of the U.S. military’s kill/capture operations at a key time in the evolution of the drone wars — between 2011 and 2013. The documents, which also outline the internal views of special operations forces on the shortcomings and flaws of the drone program, were provided by a source within the intelligence community who worked on the types of operations and programs described in the slides. The Intercept granted the source’s request for anonymity because the materials are classified and because the U.S. government has engaged in aggressive prosecution of whistleblowers. The stories in this series will refer to the source as “the source.”  Fist tap Dale

The source said he decided to provide these documents to The Intercept because he believes the public has a right to understand the process by which people are placed on kill lists and ultimately assassinated on orders from the highest echelons of the U.S. government. “This outrageous explosion of watchlisting — of monitoring people and racking and stacking them on lists, assigning them numbers, assigning them ‘baseball cards,’ assigning them death sentences without notice, on a worldwide battlefield — it was, from the very first instance, wrong,” the source said.  Fist tap Dale

They Can Control You


muckrock |  As part of a request for records on Antifa and white supremacist groups, WSFC inadvertently bundles in “EM effects on human body.zip”


When you send thousands of FOIA requests, you are bound to get some very weird responses from time to time. Recently, we here at MuckRock had one of our most bizarre gets yet - Washington State Fusion Center’s accidental release of records on the effects of remote mind control. 

As part of my ongoing project looking at fusion centers’ investigations into Antifa and various white supremacist groups, I filed a request with the WSFC. I got back many standard documents in response, including emails, intelligence briefings and bulletins, reposts from other fusion centers - and then there was one file titled “EM effects on human body.zip.”
 
Hmmm. What could that be? What does EM stand for and what is it doing to the human body? So I opened it up and took a look:  Fist tap Dale.


They Won't Cure You


arstechnica |  One-shot cures for diseases are not great for business—more specifically, they’re bad for longterm profits—Goldman Sachs analysts noted in an April 10 report for biotech clients, first reported by CNBC.

The investment banks’ report, titled “The Genome Revolution,” asks clients the touchy question: “Is curing patients a sustainable business model?” The answer may be “no,” according to follow-up information provided.

Analyst Salveen Richter and colleagues laid it out:
The potential to deliver “one shot cures” is one of the most attractive aspects of gene therapy, genetically engineered cell therapy, and gene editing. However, such treatments offer a very different outlook with regard to recurring revenue versus chronic therapies... While this proposition carries tremendous value for patients and society, it could represent a challenge for genome medicine developers looking for sustained cash flow.
For a real-world example, they pointed to Gilead Sciences, which markets treatments for hepatitis C that have cure rates exceeding 90 percent. In 2015, the company’s hepatitis C treatment sales peaked at $12.5 billion. But as more people were cured and there were fewer infected individuals to spread the disease, sales began to languish. Goldman Sachs analysts estimate that the treatments will bring in less than $4 billion this year.

“[Gilead]’s rapid rise and fall of its hepatitis C franchise highlights one of the dynamics of an effective drug that permanently cures a disease, resulting in a gradual exhaustion of the prevalent pool of patients,” the analysts wrote. The report noted that diseases such as common cancers—where the “incident pool remains stable”—are less risky for business.

To get around the sustainability issue overall, the report suggests that biotech companies focus on diseases or conditions that seem to be becoming more common and/or are already high-incidence. It also suggests that companies be innovative and constantly expanding their portfolio of treatments. This can “offset the declining revenue trajectory of prior assets." Lastly, it hints that, as such cures come to fruition, they could open up more investment opportunities in treatments for “disease of aging.”  Fist tap Dale

Sunday, April 08, 2018

Motives for the Skripal Poisoning Narrative and Sanctions Regime


CounterPunch |  In this episode we discuss the economic and political implications of the attempted murder of former Russian double agent Sergei Skripal. We also touch upon the long history of collaboration between Russian oligarchs and Western banks and how it fits into the larger neoliberal project pursued after the collapse of the Soviet Union. 

Michael Palmieri: Professor Hudson welcome back to the third episode of The Hudson report. It’s great to have you here.

Michael Hudson:It’s good to be here.

Michael Palmieri: So everyone who’s been following the news media for the last week or so has become–even if they didn’t want to be–pretty familiar with the case of Sergei Skripal and his daughter. He was once a double agent for British intelligence and recently there’s been allegations that he’s been poisoned by or attempted to be poisoned by Russian intelligence services. Although much of the coverage seems to be pretty breathless in condemning Russia for an attempted assassination. You seem to have a different perspective or perhaps believe that we should be looking somewhere else and the kind of larger implications of what this may mean. So can you start us off and kind of explain what you see to be going on here right now?

Michael Hudson: Well I was puzzled at first about the whole treatment of the affair of poisoning of Sergei Skripal and his daughter because the treatment is so out of proportion–the reaction is so out of proportion–that it’s obvious that the issue is not about the poisoning itself. First of all there’s no evidence to show Russian involvement. But the important thing to realize is that even if there were a government assassination attempt, the reaction is entirely different things. It’s really about international diplomacy and NATO maneuvering for a military posturing and the reaction has no connection at all according to the poisoning, they’re only using the poisoning as an excuse to wrap a policy that was already thought of and sort through before the actual Skripel Gate occurred. I think anyone who’s seen James Bond movies knows that 07 can kill enemies. And the U.S. assassinates people all the time. It’s killed foreign leaders like the president Allende in Latin America and the whole wave of political terrorism that followed–killing tens of thousands of union leaders, and university professors, and land reformers, and the Obama administration targeted foreigners for drone strikes. Even when this kills large numbers of civilians as collateral damage.

No foreign country broke relations with Britain, or the United States, or Israel, or any other countries using targeted assassination as a policy. So this pretense that Russia has killed someone even without any evidence or with any trial is implausible on the very surface.

So, the question is why are they doing this with Russia? Why are they imposing sanctions and mounting a great publicity campaign? And I think the answer has to lie in looking at why are they doing this now. Timing is the key. So let’s step back a minute and note what seems to be out of the ordinary in the British and US and NATO reaction.

Sunday, March 25, 2018

Backstory Behind The Atlanta Hack?


nakedsecurity |  The US state of Georgia is considering anti-hacking legislation that critics fear could criminalize security researchers. The bill, SB 315, was drawn up by state senator Bruce Thompson in January, has been approved by the state’s senate, and is now being considered by its house of representatives.

The bill would expand the state’s current computer law to create what it calls the “new” crime of unauthorized computer access. It would include penalties for accessing a system without permission even if no information was taken or damaged.

One of the bill’s backers, state Attorney General Chris Carr, said the bill is necessary to close a loophole: namely, the state now can’t prosecute somebody who harmlessly accesses computers without authorization.

From a statement his office put out when the bill was first introduced:
As it stands, we are one of only three states in the nation where it is not illegal to access a computer so long as nothing is disrupted or stolen.
This doesn’t make any sense. Unlawfully accessing any computer in Georgia should be a crime, and we must fix this loophole.
But critics of the legislation believe it a) will ice Georgia’s cybersecurity industry, penalizing security researchers reporting on bugs; b) would criminalize innocent internet users engaged in innocuous and commonplace behavior, given that the law’s definition of “without authority” could be broadly extended to cover behavior that exceeds rights or permissions granted by the owner of a computer or site (in other words, terms and conditions); and c) is unnecessary, given that current law criminalizes computer theft; computer trespass (including using a computer in order to cause damage, delete data, or interfere with a computer, data or privacy); privacy invasion; altering or deleting data in order to commit forgery; and disclosure of passwords without authorization.

That’s all coming from a letter sent by the Electronic Frontier Foundation (EFF) to Congress in opposition to the current draft of SB 315.


The EFF, along with other groups, are worried that beyond criminalizing innocent online behavior, the bill would criminalize security researchers for the sort of non-malicious poking around that they do.

Tuesday, March 06, 2018

Protecting Profit Is The Fundamental Objective


RollingStone |  For years, YouTube profited off all kinds of extremist content; its three-strike policy was directed at copyright infringement. Its current and newly aggressive posture towards content stems from the advertiser revolt that erupted following Trump’s surprise victory. Within weeks of the 2016 election, brands like Johnson & Johnson, and ad-tech companies like AppNexus, began taking steps to distance themselves from Breitbart and other purveyors of "fake news" and extremist content. In early 2017, companies like Starbucks and Walmart started pulling their ads from YouTube, worried that their marketing was sandwiched between clips featuring foaming-at-the-mouth racists and child abusers. In a watershed moment, the global buying agency Havas pulled its ads from Google/YouTube U.K., after the Times of London detailed how ads for well-known charities were supporting Neo-Nazi articles and videos. When the influential research group Pivotal downgraded Google stock from a buy to a hold, Google suddenly grew concerned about the kind of content its proprietary algorithms had been promoting for years – intentionally and by design.

This is not a conspiracy theory worthy of a "strike," but the testimony of a former YouTube engineer named Guillaume Chaslot, who was profiled by the Guardian in early February. Chaslot, a Ph.D. in artificial intelligence, explained how his team at YouTube was tasked with designing algorithms that prioritized “watch time” alone. “Watch time was the priority,” he told the paper. “Everything else was considered a distraction… There are many ways YouTube can change its algorithms to suppress fake news and improve the quality and diversity of videos people see… I tried to change YouTube from the inside, but it didn’t work.” 

When Chaslot conducted an independent study of how his algorithms worked in the real world, he found that during recent elections in France, Germany and the U.K., YouTube "systematically amplifie[d] videos that are divisive, sensational and conspiratorial." (His findings can be seen at Algotransparency.org.) At the height of the advertising revolt, in March of last year, YouTube announced that it was "taking a hard look at our existing community guidelines to determine what content is allowed on the platform – not just what content can be monetized." CEO Susan Wojcicki announced the company would hire thousands of human moderators to watch and judge all content on the site.

YouTube's new policies were part of an industry-wide course correction. Over the past year, under the banner of combatting hate speech and fake news, Google and Facebook began to cut off search traffic and monetized content-creator accounts, not only to dangerous scam-artists like Jones, but to any site that garnered complaints or didn't meet newly enforced enforced and vaguely defined criteria of "credible" and "quality."

Tuesday, November 07, 2017

Drug Industry's Control of Congress Makes the NRA Look Like a Piker...,


WaPo |  In April 2016, at the height of the deadliest drug epidemic in U.S. history, Congress effectively stripped the Drug Enforcement Administration of its most potent weapon against large drug companies suspected of spilling prescription narcotics onto the nation’s streets. 

By then, the opioid war had claimed 200,000 lives, more than three times the number of U.S. military deaths in the Vietnam War. Overdose deaths continue to rise. There is no end in sight.

A handful of members of Congress, allied with the nation’s major drug distributors, prevailed upon the DEA and the Justice Department to agree to a more industry-friendly law, undermining efforts to stanch the flow of pain pills, according to an investigation by The Washington Post and “60 Minutes.” The DEA had opposed the effort for years.

The law was the crowning achievement of a multifaceted campaign by the drug industry to weaken aggressive DEA enforcement efforts against drug distribution companies that were supplying corrupt doctors and pharmacists who peddled narcotics to the black market. The industry worked behind the scenes with lobbyists and key members of Congress, pouring more than a million dollars into their election campaigns.

The chief advocate of the law that hobbled the DEA was Rep. Tom Marino,a Pennsylvania Republican who is now President Trump’s nominee to become the nation’s next drug czar. Marino spent years trying to move the law through Congress. It passed after Sen. Orrin G. Hatch (R-Utah) negotiated a final version with the DEA.

For years, some drug distributors were fined for repeatedly ignoring warnings from the DEA to shut down suspicious sales of hundreds of millions of pills, while they racked up billions of dollars in sales.

The new law makes it virtually impossible for the DEA to freeze suspicious narcotic shipments from the companies, according to internal agency and Justice Department documents and an independent assessment by the DEA’s chief administrative law judge in a soon-to-be-published law review article. That powerful tool had allowed the agency to immediately prevent drugs from reaching the street.



Friday, September 15, 2017

Vikram Pandit Says 1.8 Million Bank Employees Gotta Go Gotta Go Gotta Go...,


bloomberg |  Vikram Pandit, who ran Citigroup Inc. during the financial crisis, said developments in technology could see some 30 percent of banking jobs disappearing in the next five years.

Artificial intelligence and robotics reduce the need for staff in roles such as back-office functions, Pandit, 60, said Wednesday in an interview with Bloomberg Television’s Haslinda Amin in Singapore. He’s now chief executive officer of Orogen Group, an investment firm that he co-founded last year.

“Everything that happens with artificial intelligence, robotics and natural language -- all of that is going to make processes easier,” said Pandit, who was Citigroup’s chief executive officer from 2007 to 2012. “It’s going to change the back office.”

Wall Street’s biggest firms are using technologies including machine learning and cloud computing to automate their operations, forcing many employees to adapt or find new positions. Bank of America Corp.’s Chief Operating Officer Tom Montag said in June the firm will keep cutting costs by finding more ways technology can replace people.

While Pandit’s forecast for job losses is in step with one made by Citigroup last year, his timeline is more aggressive. In a March 2016 report, the lender estimated a 30 percent reduction between 2015 and 2025, mainly due to automation in retail banking. That would see full-time jobs drop by 770,000 in the U.S. and by about 1 million in Europe, Citigroup said.

Friday, July 21, 2017

Was the Ghetto Deliberately Narcotized to Destroy the Black Panthers?


independent |  Melvin Van Peebles says he believes ''people of goodwill can go with him". He also deliberately veered away from focusing on Seale or Newton: "I wanted people to look at the forest, not the tree.

"You have to remember this is based on my novel. But I didn't just make it all up." Yet isn't he on thin ice? If it's a novel, why should his critics not assume that he had indeed made up vast swathes of the story? He replies: "By calling it fiction I hoped I could sidestep questions like 'Oh, and where in the FBI files did you establish this? Where's your corroboration?' ''

Clearly he miscalculated media reaction on this point. But the film's most remarkable claim is that in response to the militancy in America's cities, FBI boss J Edgar Hoover ordered black ghettoes to be flooded with cheap drugs to pacify their inhabitants. That decision, says the film, led to a tenfold increase in addiction.

"The Panthers had a lot of community support," says Van Peebles Snr. "It was their power base. Hoover, knowing he couldn't destroy the Panthers, decided to destroy the community itself. He had the people medicated."

This sounds an outlandishly paranoid alle-gation. Do you really believe this, I asked Melvin Van Peebles? Is there no question at all in your mind? Do you feel no need for corroborating evidence?

"No," he says simply. "It's like the 18 missing minutes in the Nixon tapes. I'm not saying Hoover personally went round and sowed weeds in the garden. I'm saying all you had to do was give the gardener a couple of days off and the weeds would grow. You follow?''

Evidence for the charge is scant. Certainly the FBI was mobilized to harass the Panthers, black FBI informants infiltrated their ranks and Hoover urged his men to neutralize the Panthers. A Hoover memo dated 4 March, 1968, outlines one specific goal: "Prevent the rise of a 'Messiah' who could unify and electrify the militant black nationalist movement."

"Right," says Mario Van Peebles, as if this proved all the film's claims. "And who do we have 25 years after Martin Luther King and Malcolm X? A bunch of rappers."

Yet this is poor proof that the FBI systematically narcotised entire communities. The Van Peebles' case appears to rest on a 1974 conversation, reported to them, between Newton and Elaine Brown, who by this time was leader of the Panthers. She complained to Newton that drugs were rampant.

"There were white guys driving into Oakland in Rolls-Royces, and not dealing with the old gangster drug dealers, but going straight to the kids," said Mario. "What Elaine didn't know at the time was that this was happening nationally. It's not a new concept. You're British, right? Your people did the same thing in the Boxer rebellion. Gave the people opium."


Friday, July 14, 2017

Money Laundering Makes the Drug Wars Go Round



gfintegrity |  My name is Jack Blum. I am a Washington attorney specializing in money laundering compliance and issues of offshore tax evasion. I am appearing on behalf the Tax Justice Network-USA and Global Financial Integrity. Both organizations endorse the bill sponsored by Senator Levin, S. 569, the Incorporation Transparency and Law Enforcement Assistance Act.

The single most important tool in the toolkit of people trying to hide money from law enforcement and tax collection is the anonymous shell corporation. These shell corporations have no physical place of business, use nominee officers and directors, and as a rule do no business in the place of incorporation. Their sole purpose is hiding where money is, who controls it, and where it is moving, from law enforcement and tax collectors. These shell companies should not be allowed remain anonymous.

States that offer corporations to individuals without insisting on information on beneficial ownership are undermining the efforts of law enforcement to prevent crime, recover stolen assets and collect tax. They are also putting the United States out of compliance with international standards for customer identification. From our perspective gathering basic information about ownership for government use is essential to protect national security and to limit financial crime and tax evasion.

Anti-money laundering compliance is dependent on 'know your customer .' Without that knowledge financial institutions cannot evaluate the legitimacy of a transaction. Knowing that one shell corporation is owned by another shell corporation is not helpful. Having the details of the "owner's" directors who are usually professional directors who work for a corporate service company in another jurisdiction is useless. Financial institutions need to know who is behind a company to judge whether the transactions they monitor are suspicious. They need to know whether the beneficial owner is on the OFAC list, the other sanctions lists is a politically exposed person.

The proposed legislation would end the all too frequent use of loopholes in State incorporation laws to hide money.  Fist tap Bro. Makheru




Wednesday, July 12, 2017

What Do You Expect When Your Drug Czar For The Drug War Is A General?


The drug-connected crime problem isn't all about the junkies - it's about the dealers. Especially the violent crime problem. The key to dealing with drug crime is drying up the profits of the illegal market. Reliance on incarceration has only made the power of organized criminal gangs stronger. It hasn't broken a single gang. A lawless marketplace staffed entirely by criminals who protect their inventory and personal safety with arsenals of weaponry and enforce and regulate business disputes with gunfire is a pretty unique business model. A global business that ranks third in revenues after arms and oil and hides its profits with sophisticated money laundering techniques that allow the top players access into corridors of political power while providing unparalleled liquidity advantages in business competition is a pretty unique business model.

Nixon's early 1970s globalization of the War on Drugs was ostensibly aimed at enlisting all UN members in a united effort to shut down drug supplies at their source. What resulted instead was much closer to a U.S. imperial protection racket for drug kingpins, with the US holding the power to confer a status of impunity on politically favored players overseas. In return, those who benefited were able to target internal law enforcement efforts at culling their business competition, which typically worked to produce results sufficient to bolster their anti-drug credibility.

In Dark Alliance the late investigative journalist Gary Webb documented connections that led through multiple Latin American countries- El Salvador, Honduras, Panama, Mexico- to drug rings operating in several regions in the US. He wasn't alone in his investigations, either.



The big picture that results when that research is reviewed is that the political and military leaders of a great many Central American and Caribbean nations during the Cold War era were provided with protected status in the transshipment of cocaine in return for maintaining pro-US policies in their countries.

General Bueso Rosa in Honduras; Hugo Banzer in Bolivia; the Salinas brothers in Mexico, and other Mexican governments before and since; Sandoval Alarcon in Guatemala; Trujillo and Noriega in Panama; the Somoza regime in Nicaragua, in the 1970s; Uribe in Colombia, Cedras/Emmanuel Constant FRAPH junta in Haiti; the JLP in Jamaica - this US policy is blatantly in effect right now in Afghanistan, the top source nation for opium and heroin in the world. It has been in effect from the outset of US intervention in Central Asia. It has become standard U.S. necropolitical operating procedure.


But back to Dark Alliance, Danilo Blandon, the Contra-connected supplier who furnished most of Rick Ross's cocaine, offered him an unprecedented deal soon after establishing that he could move large retail quantities on the street: consignment, no money down, at a kilo price that worked out to less than $20/gram.

Ross was able to move 200 kilos a month. That's over 2 tons a year, at a time when the DEA was estimating the annual US supply at 70 tons. Blandon was a true drug kingpin. Up until the Blandon-Ross connection was dismantled, with the help of Danilo Blandon, who received immunity from prosecution and earned around $200,000 as a paid FBI informant for providing testimony to take down a huge LA cocaine ring that he.was instrumental in enabling to boom to an unprecedented level.



Danilo Blandon's supplier was Norwin Meneses, who had been identified as an even bigger kingpin by US Federal law enforcement since the 1970s. Meneses was the brother of the Somoza-era chief of police, and at least one other general in Somoza's Guardia Nacionale, which eventually became the largest Contra faction, the FDN, under military commander Enrique Bermudez. Meneses also benefited from some sort of arrangement with US authorities, remaining free of prosecution, residing in the US and traveling back and forth between there and Central America without interference.



Blandon was not Meneses' only wholesaler and Meneses was not the only person involved with Contra resupply who had a long history as a major drug supplier and transporter into the USA. The Contra effort made use of a network of long-time Cold War era US intelligence/covert operations agents including a nucleus of Cuban exiles drawn from the ranks of Bay of Pigs battle veterans.

Some 8% of the 1500 Bay of Pigs veterans, about 120 of them, had been identified as kingpins as early on as the late 1960s. Mostly heroin, at that point- supplying the NYC market out of Union City, NJ. They later showed up everywhere from Southeast Asia to the Argentine Dirty War, and eventually as field operators in the Contra effort.


Speaking of the neofascist junta-era Argentine military, they became the first overseas liason to the formation of the Contras in the Reagan era, offering them a safe haven and working to train and equip the Somocista Guardia Nacionale in exile in 1981.

In the previous year, the Argentines had provided the principal base of support for the military coup in Bolivia that put the Cocaine Junta into power, in July 1980. DEA agent Michael Levine, the top field agent in the Southern Cone of Latin America at the time, contends that this was done in collaboration with the local CIA faction down there, who were bitterly opposed to Jimmy Carter's "human rights" foreign policy, which had brought pressure to bear on right-wing President Col. Hugo Banzer Suarez to relinquish his martial law "autogolpe" rule and hold elections. The Cocaine Coup successfully derailed the ascension of a civilian government to power.




Banzer had long-standing connections to the US, having been trained at the School of the Americas, Ft. Hood's armored cavalry school, and as a US diplomatic liason in DC. He was also affiliated with the Falange Socialista Boliviana, and the Latin American Anti-Communist League affiliated with WACL; with the international right-wing assassination program known as Operation Condor, along with his ideological allies in Pinochet's Chile and the Argentina junta. Banzer's family relations and associates were also busted repeatedly in the US and Canada for smuggling cocaine; one case involved his son-in-law and another his chauffeur, iirc. And one of Banzer's cousins was Luis Arce Gomez, one of the chief plotters of the Cocaine Coup.

Monday, July 03, 2017

Addiction An Irresistable Business Opportunity - Same As It Ever Was....,


CounterPunch |  In Ohio a heroin (and other opioids) epidemic, and attendant overdoses, has stretched the city budget because Paramedics respond and administer Narcan (Naxalone) to revive the patient. And Narcan is expensive. City Councilman Dan Pickard offered the solution of cutting off paramedic responses after two visits. In other words, let the OD victim die. Besides Pickard’s fundamental stupidity, the glaring question that goes unasked is why has the price of Naxalone tripled in the last year? Well, because there is a heroin epidemic, and an Oxycontin epidemic. That is capitalism.

One of the by products of the spike in Narcan usage (its even sold over the counter in some cities, without prescription) is a kind of Overdose-porn; cell phone videos of addicts passing out and in respiratory arrest being given Narcan and having those symptoms reversed. I see a reality TV show in the future. Of course Narcan also triggers severe withdrawl symptoms in anyone with an opioid addiction. I remember friends being given Narcan and immediately running out to find some junk to stop the pain. There is such an obvious disregard for addicts in this society that it almost feels pointless to repeat the same statistics yet again. The War on Drugs is much like The War on Terror. It is a business opportunity for western Capital.

Interestingly, 76% of Americans think addicts should be a medical problem and not a criminal one. However, compassion is NOT a business opportunity, ergo compassion is not part of the lexicon of the ruling class.

Tuesday, February 28, 2017

J.P. Morgan Chase & Co. Embracing AI and Shedding Useless Humans



bloomberg |  At JPMorgan Chase & Co., a learning machine is parsing financial deals that once kept legal teams busy for thousands of hours.

The program, called COIN, for Contract Intelligence, does the mind-numbing job of interpreting commercial-loan agreements that, until the project went online in June, consumed 360,000 hours of work each year by lawyers and loan officers. The software reviews documents in seconds, is less error-prone and never asks for vacation.

While the financial industry has long touted its technological innovations, a new era of automation is now in overdrive as cheap computing power converges with fears of losing customers to startups. Made possible by investments in machine learning and a new private cloud network, COIN is just the start for the biggest U.S. bank. The firm recently set up technology hubs for teams specializing in big data, robotics and cloud infrastructure to find new sources of revenue, while reducing expenses and risks.

The push to automate mundane tasks and create new tools for bankers and clients -- a growing part of the firm’s $9.6 billion technology budget -- is a core theme as the company hosts its annual investor day on Tuesday.

Behind the strategy, overseen by Chief Operating Operating Officer Matt Zames and Chief Information Officer Dana Deasy, is an undercurrent of anxiety: Though JPMorgan emerged from the financial crisis as one of few big winners, its dominance is at risk unless it aggressively pursues new technologies, according to interviews with a half-dozen bank executives.

Wednesday, February 08, 2017

Google the Financial Sponsor of Tech Anti-Trump Lawsuit


zerohedge |  Moments ago, we found the other "source of funds" missing link in the ongoing anti-Trump executive order campaign. As Bloomberg reports, the company footing bill for the legal brief signed by more than 120 mostly tech companies that oppose President Donald Trump’s executive order on immigration, is none other than the Company which offered Hillary Clinton its "strategic plan" to help Democrats win the election, and track voters, and which hired former Clinton Foundation CEO, Eric Braverman: Google (technically, its parent company Alphabet). 

Eventually, the funding - which should be a nominal matter for most of the tech giants who are on a crusade to keep cheap H1-B workers - may end up being distributed: other companies have offered to fund a share of the fee, Bloomberg writes, and Alphabet, which coordinated the effort, plans to accept the offers. However, for now  it's only Alphabet who is paying Washington, D.C.-based law firm Mayer Brown LLP to handle the friend-of-the-court brief.

The rest of the story is familiar, as per our earlier report, only instead of only 97 companies, the list has since grown to 128.

The tech companies emphasized the economic and social contribution made by immigrants in their arguments filed Sunday in the U.S. Court of Appeals in San Francisco. The companies support a lawsuit by the states of Washington and Minnesota seeking to stop Trump’s executive order. Apple Inc., Airbnb Inc., Facebook Inc., Microsoft Corp., Tesla Inc. Intel Corp., Lyft Inc., Netflix Inc., Snap Inc. and Uber Technologies Inc. are among the technology companies that participated. Businesses beyond the tech industry who signed on include Levi Strauss & Co. and yogurt maker Chobani.

Thursday, August 25, 2016

the corporate blueprint to dominate democracy


RT |  Forty-five years ago this week, a single memo written by Lewis Powell kicked off the corporate takeover of the US government and inspired a generation of think tanks, lobbyists, and dirty money. 

The conservative corporate lawyer, who would later be appointed to the US Supreme Court by Republican President Richard Nixon, wrote a memo to the US Chamber of Commerce’s Eugene Sydnor, putting forth a plan to tackle the environmental and civil rights movements which were pushing for more health and safety regulations.

Powell was addressing concerns held by conservatives surrounding the New Deal and the Great Society, which included Social Security, the Labor Relations Act, Medicare, Medicaid, and anti-discrimination laws.

Monday, June 13, 2016

the clinton university problem...,


jonathanturley |  While largely ignored by the media, the Clintons have their own university scandal. Donald Trump has been rightfully criticized and sued over his defunct Trump University. There is ample support for claiming that the Trump University was fraudulent in its advertisements and operations. However, the national media has been accused of again sidestepping a scandal involving the Clintons that involves the same type of fraud allegations. The scandal involves a dubious Laureate Education for-profit online college (Walden) and entails many of the common elements with other Clinton scandals: huge sums given to the Clintons and questions of conflicts with Hillary Clinton during her time as Secretary of State. There are distinctions to draw between the two stories, but the virtual radio silence on the Clinton/Laureate story is surprising. [I have updated the original column with some additional thoughts, links, and clarifications for readers).

I have long been a critic of many online courses, though I am increasingly in the minority even on my faculty. However, the rise of online courses has allowed for an increase in dubious pitches and practices that prey upon people who cannot afford or attend a traditional academic institution.  I should also reveal a general opposition to for-profit universities, a view shared by many teachers and experts.  While there are some good for-profit programs from student camps to specialized training courses, Laureate is a massive, mega-corporation that is often criticized for its impact on education.  As companies maximize profits, students often become a mere cost of doing business.  The rate of default has been higher at such for-profit universities and less than half of students at for-profit schools actually finish such programs accordingly to Brookings.  Laureate is often cited as the leader in reducing education to a commodity in a mass for-profit enterprise.  The company has made huge profits and is worth over $4 billion.

Laureate Education was sued over its Walden University Online offering, which some alleged worked like a scam designed to bilk students of tens of thousands of dollars for degrees. Students alleged that they were repeatedly delayed and given added costs as they tried to secure degrees, leaving them deeply in debt.  Laureate itself has been criticized for “turbocharging” admissions while allowing standards to fall and shortchanging education.

The respected Inside Higher Education reported that Laureate Education paid Bill Clinton an obscene $16.5 million between 2010 and 2014 to serve as an honorary chancellor for Laureate International Universities.  Various news outlets said that neither Clinton nor Laureate were forthcoming on how much he was paid for the controversial association.

Bill Clinton worked as the “honorary chancellor” which sounds a bit like the group’s pitchman. He gave speeches in various countries and was heavily touted by the for-profit company to attract students.  The size of this payment (which has been widely reported) raises obvious concerns as to what the company was seeking to achieve and whether Laureate received any benefit from the association with the State Department given its massive international operations.

Sunday, May 08, 2016

Where Hepatitis C is Involved Indian Lives Matter (you Uhmurkan peasants, not so much...,)



snopes |  ORIGIN: The high cost of medications in the United States has been a major topic of discussion since well before President Obama signed the Affordable Care Act into law in 2010.  While it is possible to get extraordinarily good health care in the U.S., the price of such care — or any care — is often prohibitive, often far more than in any other developed country.

Hepatitis C is a virus that can cause progressive liver damage, and also increases the likelihood of developing liver cancer or cirrhosis. Because it is a bloodborne illness, hepatitis C often spread through sharing needles or receiving blood transfusions. Until very recently, the disease had no cure.

Enter Gilead Sciences, Inc., a biopharmaceutical company that developed a pill called sofosbuvir (brand name: Sovaldi), which completely cures the disease over a twelve-week period.  It is more effective when combined with a newer drug, ledivaspir, to make a cocktail patented as Harvoni.

The treatment is hailed as a miracle drug, especially in parts of India that are dramatically affected by hepatitis, commonly spread there (as in other developing countries) by tainted needles used and re-used for injections and transfusions and exacerbated by impoverished and cramped living conditions.

When Gilead began to market Sovaldi in 2013, it set the price at $1,000 per pill and $84,000 for a full course of treatment — at least, in the United States.  Because Gilead entered a series of marketing agreements with generic drug companies in India, and because India is extremely strict in limiting what can and cannot be legally patented there, a month's worth of sofosbuvir treatment initially retailed there for the equivalent of USD$300 (or, as the meme says, $900 for the full course of treatment; the cost of treatment further dropped over time to about $4 a pill). Patents guarantee exclusive sales for at least a decade in the United States before competition from generic drugs is allowed.

This was excellent news for the estimated 12 to 18 million people who suffer from chronic hepatitis C inIndia, but a terrible blow to many of the 3.5 million sufferers in the U.S. to whom the far higher costs were prohibitive.

Friday, May 06, 2016

America Can't Quit the Drug War Because the Deep State Won't Let It


rollingstone |  In March, the commander in chief of the War on Drugs stood in front of a crowd of policymakers, advocates and recovering addicts to declare that America has been doing it wrong.

Speaking at the National Prescription Drug Abuse and Heroin Summit in Atlanta – focused on an overdose epidemic now killing some 30,000 Americans a year – President Barack Obama declared, "For too long we have viewed the problem of drug abuse ... through the lens of the criminal justice system," creating grave costs: "We end up with jails full of folks who can't function when they get out. We end up with people's lives being shattered."

Touting a plan to increase drug-treatment spending by more than $1 billion – the capstone to the administration's effort to double the federal drug-treatment budget – Obama insisted, "This is a straightforward proposition: How do we save lives once people are addicted, so that they have a chance to recover? It doesn't do us much good to talk about recovery after folks are dead."

Obama's speech underscored tactical and rhetorical shifts in the prosecution of the War on Drugs – the first durable course corrections in this failed 45-year war. The administration has enshrined three crucial policy reforms. First, health insurers must now cover drug treatment as a requirement of Obamacare. Second, draconian drug sentences have been scaled back, helping to reduce the number of federal drug prisoners by more than 15 percent. Third, over the screams of prohibitionists in its ranks, the White House is allowing marijuana's march out of the black market, with legalization expected to reach California and beyond in November.

The administration's change in rhetoric has been even more sweeping: Responding to opioid deaths, Obama appointed a new drug czar, Michael Botticelli, who previously ran point on drug treatment in Massachusetts. Botticelli has condemned the "failed policies and failed practices" of past drug czars, and refers not to heroin "junkies" or "addicts" but to Americans with "opioid-abuse disorders."

Tuesday, August 18, 2015

u.s. mcdonald's fitna get industrial robots...,


WaPo |  Crowded. That’s how Ed Rensi remembers what life was like working at McDonald’s in 1966. There were about double the number of people working in the store — 70 or 80, as opposed to the 30 or 40 there today — because preparing the food just took a lot more doing.

“When I first started at McDonald’s making 85 cents an hour, everything we made was by hand,” Rensi said — from cutting the shortcakes to stirring syrups into the milk for shakes. Over the years, though, ingredients started to arrive packaged and pre-mixed, ready to be heated up, bagged and handed out the window.

“More and more of the labor was pushed back up the chain,” said Rensi, who went on to become chief executive of the company in the 1990s. The company kept employing more grill cooks and cashiers as it expanded, but each one of them accounted for more of each store’s revenue as more sophisticated cooking techniques allowed each to become more productive.

The industry could be ready for another jolt as a ballot initiative to raise the minimum wage to $15 an hour nears in the District and as other campaigns to boost wages gain traction around the country. About 30 percent of the restaurant industry’s costs come from salaries, so burger-flipping robots — or at least super-fast ovens that expedite the process — become that much more cost-competitive if the current federal minimum wage of $7.25 an hour is doubled.

“The problem with the ­minimum-wage offensive is that it throws the accounting of the restaurant industry totally upside down,” said Harold Miller, vice president of franchise development for Persona Pizzeria, who also consults for other chains. “My position is: Pay your people properly, keep them longer, treat them right, and robots are going to be helpful in doing that, because it will help the restaurateur survive.”

H.R. 6408 Terminating The Tax Exempt Status Of Organizations We Don't Like

nakedcapitalism  |   This measures is so far under the radar that so far, only Friedman and Matthew Petti at Reason seem to have noticed it...