Jun 03 2014 - News Jun 2014 - News - Occupy Banksters & Crony Capitalism & GREED

Tuesday June 03, 2014

News Articles

Unstoppable $100 Trillion Bond Market Renders Models Useless
Bloomberg | Susanne Walker | 06/02/14

Just last month, researchers at the Federal Reserve Bank of New York retooled a gauge of relative yields on Treasuries, casting aside three decades of data that incorporated estimates for market rates from professional forecasters. Priya Misra, the head of U.S. rates strategy at Bank of America Corp., says a risk metric she's relied on hasn't worked since March.

After unprecedented stimulus by the Fed and other central banks made many traditional models useless, investors and analysts alike are having to reshape their understanding of cheap and expensive as the global market for bonds balloons to $100 trillion. With the world's biggest economies struggling to grow and inflation nowhere in sight, catchphrases such as "new neutral" and "no normal" are gaining currency to describe a reality where bonds are rallying the most in a decade. ... Read more

Obama Asks Congress To Back $1 Billion Effort To Boost U.S. Military Presence In Europe
HP | Nedra Pickler | 06/03/14

The United States is preparing to boost its military presence in Europe and at a cost of up to $1 billion, President Barack Obama said Tuesday, as tensions in the region simmer over Russia's aggressive actions in Ukraine.

Standing with Polish President Bronislaw Komorowski, Obama said the U.S. plans to send more military equipment and rotate additional American troops into the region. He called on lawmakers back in Washington to provide the funding to sustain the effort. ... Read more

10 Corporate Tax Dodgers You Should Know About
BillMoyers | author | 06/01/14

This week, Bill speaks to Nobel prize-winning economist Joseph E. Stiglitz, who argues that we must reform the tax code and stop subsidizing tax dodgers. A recent report by Americans for Tax Fairness suggests that corporate taxes are near a 60-year low -- and that's partially because corporations have become adept at not paying their share. ...

	Bank of America - runs its business through more than 300 offshore tax-haven subsidiaries. It reported $17.2 billion in accumulated offshore profits in 2012. It would owe $4.3 billion in US taxes if these funds were brought back to the US.
	Citigroup - had $42.6 billion in foreign profits parked offshore in 2012 on which it paid no US taxes. It reported that it would owe $11.5 billion if it brings these funds back to the US. A significant chunk is being held in tax-haven countries.
	ExxonMobil - had a three-year federal income tax rate of just 15 percent. This gave the company a tax subsidy worth $6.2 billion from 2010-2012. It had $43 billion in offshore profits at the end of 2012, on which it paid no US taxes.
	FedEx - made $6 billion over the last three years and didn't pay a dime in federal income taxes, in part because the tax code subsidized its purchase of new planes. This gave FedEx a huge tax subsidy worth $2.1 billion.
	General Electric - received a tax subsidy of nearly $29 billion over the last 11 years. While dodging paying its fair share of federal income taxes, GE pocketed $21.8 billion in taxpayer-funded contracts from Uncle Sam between 2006 and 2012.
	Honeywell - had profits of $5 billion from 2009 to 2012. Yet it paid only $50 million in federal income taxes for the period. Its tax rate was just 1 percent over the last four years. This gave it a huge tax subsidy worth $1.7 billion.
	Merck - had profits of $13.6 billion and paid $2.5 billion in federal income taxes from 2009 to 2012. While dodging its fair share of federal income taxes, it pocketed $8.7 billion in taxpayer-funded contracts from Uncle Sam between 2006 and 2012.
	Microsoft - saved $4.5 billion in federal income taxes from 2009 to 2011 by transferring profits to a subsidiary in the tax haven of Puerto Rico. It had $60.8 billion in profits stashed offshore in 2012 on which it paid no US taxes.
	Pfizer - paid no US income taxes from 2010 to 2012 while earning $43 billion worldwide. It did this in part by performing accounting acrobatics to shift its US profits offshore. It received $2.2 billion in federal tax refunds.
	Verizon - made $19.3 billion in US pretax profits from 2008 to 2012, yet didn't pay any federal income taxes during the period. Instead, it got $535 million in tax rebates. Verizon's effective federal income tax rate was negative 2.8 percent from 2008 to 2012.

DemocracyNow Daily News

Democracy Now! U.S. and World News Headlines for Tuesday, June 03 [9:00]

DN | Reporter: Bowe Bergdahl's Fellow Soldiers Questioned Afghan War More Than He Did (06/03/14) [5:22]

DN | Former GuantÃ¡namo Chief Prosecutor Defends American POW-Taliban Prisoner Swap (06/03/14) [6:49]

DN | After Supreme Court Rejects Appeal, Will Obama Jail New York Times Reporter James Risen? (06/03/14) [4:13]

TRNN News

*TRNN | Costas Lapavitsas: we must deeply reverse financialization and take on private ownership of banking and other critical sectors, Part 8 (06/01/14) [23:24]

Click to zoom - Fisheries vs Aquaculture

TYT News

TYT | Karl Rove's Latest Dirty Tricks - Are they Working on the American Public? (06/02/14) [3:33]

TYT | Obama Administration Sets New EPA Rules (06/02/14) [5:32]

TYT | Was Edward Snowden Trained As A Spy? NSA Chief Responds (06/02/14) [10:24]

Jon Stewart - Daily News

Jon Stewart | Why do we keep having mass shootings? What can be done about it? (06/03/14) [5:23]

*John Oliver | Last Week Tonight (HBO): Net Neutrality (06/01/14) [13:17]
Send your commet to the FCC

More News

Apple, Called A U.S. Tax Dodger, Says It's Paid 'Every Single Dollar' of Taxes Owed
Forbes |Connie Guglielmo | 05/21/14

Apple CEO Tim Cook, called to testify before a Senate subcommittee that charges it with dodging U.S. taxes, says its paid 'every single dollar' of the taxes it owes and that it supports 'dramatic' changes to the tax system that will likely mean Apple will pay more in taxes.

A U.S. Senate subcommittee today questioned Apple AAPL +0.9% CEO Tim Cook about the company's offshore cash, charging the company with exploiting tax loopholes and setting up offshore subsidiaries to shift "large potions" of its profits offshore as part of a plan to "dodge" paying billions of dollars in U.S. taxes. ... Read more

06.03.2014. 12:43

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Lindsey Graham Mashups

Lindsey Graham

Sen. Lindsey Graham (R-SC) said the quiet part aloud on why he’s still so close to former President Donald Trump: because we can use him for our goals. "President Trump has gotten people who wouldn't give me or Romney or anybody else the time of day. They believe he is on their side," the senator told the America First Agenda Summit crowd on Tuesday in Washington, D.C.

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Environment & Climate Change

Environment

The term "climate change" is often used to refer specifically to anthropogenic climate change (also known as global warming). Anthropogenic climate change is caused by human activity, as opposed to changes in climate that may have resulted as part of Earth's natural processes.

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AI - Artificial Intelligence | Machine Learning | Deep Learning

AI - Artificial Intelligence

AIArtificial intelligence (AI) is intelligence demonstrated by machines, as opposed to the natural intelligence displayed by animals including humans. AI research has been defined as the field of study of intelligent agents, which refers to any system that perceives its environment and takes actions that maximize its chance of achieving its goals.

The term "artificial intelligence" had previously been used to describe machines that mimic and display "human" cognitive skills that are associated with the human mind, such as "learning" and "problem-solving". This definition has since been rejected by major AI researchers who now describe AI in terms of rationality and acting rationally, which does not limit how intelligence can be articulated.
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Quantum mechanics | AI - Artificial Intelligence

Quantum mechanics

Quantum mechanics is a fundamental theory in physics that provides a description of the physical properties of nature at the scale of atoms and subatomic particles. It is the foundation of all quantum physics including quantum chemistry, quantum field theory, quantum technology, and quantum information science.
Classical physics, the collection of theories that existed before the advent of quantum mechanics, describes many aspects of nature at an ordinary (macroscopic) scale, but is not sufficient for describing them at small (atomic and subatomic) scales. Most theories in classical physics can be derived from quantum mechanics as an approximation valid at large (macroscopic) scale.
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Economy, Wall Street and Banksters

Wall Street and Banksters

Wall Street is an eight-block-long street running roughly northwest to southeast from Broadway to South Street, at the East River, in the Financial District of Lower Manhattan in New York City. Over time, the term has become a metonym for the financial markets of the United States as a whole, the American financial services industry (even if financial firms are not physically located there), or New York-based financial interests.

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Intelligence Agencies/Deep State?

Intelligence Agencies/Deep State?

An intelligence agency is a government agency responsible for the collection, analysis, and exploitation of information in support of law enforcement, national security, military, and foreign policy objectives. Means of information gathering are both overt and covert and may include espionage, communication interception, cryptanalysis,.

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Daniel Ellsberg | Pentagon Papers

Daniel Ellsberg

Daniel Ellsberg and Paul Jay explore Ellsberg's latest book, The Doomsday Machine: Confessions of a Nuclear War Planner. In the introduction to the book, Ellsberg writes: "No policies in human history have more deserved to be recognized as immoral or insane. The story of how this calamitous predicament came about and how and why it has persisted over a half a century is a chronicle of human madness".

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Nukes

Nukes

Nuclear weapons have come a long way and come in all types of different sizes. Some are relatively small while others are enormous, so big they boggle the mind at what they can be capable of, i.e. the Soviet 'Tsar Bomba' is/was 3,000 times greater than the Hiroshima bomb.

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Rana Foroohar and Fall of American Business

Rana Foroohar

Ms. Foroohar says financialization delivers stagnant wages, inequality and economic crisis; the Financial Times columnist and author of "Makers and Takers" says the financial sector represents only 7 percent of the U.S. economy, but takes around 25 percent of all corporate profit while creating only 4 percent of all jobs.

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The Untold History of the United States by Oliver Stone & Petere Kuznick

The Untold History of the United States by Oliver Stone & Petere Kuznick | 2014 | 10 Episodes

Oliver Stone and American University historian Peter J. Kuznick began working on the project in 2008. Stone, Kuznick and British screenwriter Matt Graham cowrote the script. It covers "the reasons behind the Cold War with the Soviet Union, U.S. President Harry Truman's decision to drop the atomic bomb on Japan, and changes in America's global role since the fall of Communism." Stone is the director and narrator of all ten episodes.

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Kuznick Interviews

Kuznick Interviews

Historian Peter Kuznick says Eisenhower called for decreased militarization, then Dulles reversed the policy; the Soviets tried to end the cold war after the death of Stalin; crazy schemes involving nuclear weapons and the Bay of Pigs invasion of Cuba put the world of the eve of destruction - with host Paul Jay

The Untold History of the United States by Kuznick, Peter.mobi | Book | 6.99 MB

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China Valley of Tunnels

China Valley of Tunnels

A report written by a Georgetown University team led by Phillip Karber conducted a three-year study to map out China’s complex tunnel system, which stretches 5,000 km (3,000 miles). The report determined that the stated Chinese nuclear arsenal is understated and as many as 3,000 nuclear warheads may be stored in the underground tunnel network.

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911

911

On September 11, 2001, 19 terrorists attacked the Unites States. They hijacked four airplanes in mid-flight. The terrorists flew two of the planes into two skyscrapers at the World Trade Center in New York City. The impact caused the buildings to catch fire and collapse. Another plane destroyed part of the Pentagon (the U.S. military headquarters) in Arlington, Virginia. The fourth plane crashed in Shanksville, Pennsylvania. Officials believe that the terrorists on that plane intended to destroy either the White House or the U.S. Capitol. Passengers on the plane fought the terrorists and prevented them from reaching their goal. In all, nearly 3,000 people were killed in the 9/11 attacks.

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The Vietnam War

The Vietnam War

Ken Burns and Lynn Novick's ten-part, 18-hour documentary series, THE VIETNAM WAR, tells the epic story of one of the most consequential, divisive, and controversial events in American history as it has never before been told on film. Visceral and immersive, the series explores the human dimensions of the war through revelatory testimony of nearly 80 witnesses from all sides--Americans who fought in the war and others who opposed it, as well as combatants and civilians from North and South Vietnam. Ten years in the making, the series includes rarely seen and digitally re-mastered archival footage from sources around the globe, photographs taken by some of the most celebrated photojournalists of the 20th Century, historic television broadcasts, evocative home movies, and secret audio recordings from inside the Kennedy, Johnson, and Nixon administrations.

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Trump's Mashups

Trump's Mashups

Donald Trump talks a lot, but what is he actually saying? VICE News' "Trump Talk" mashup series tries to answer that. And, we're happy to say, it was just nominated for two Webby Awards. Now you can watch all the nominated videos.

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Trump's Sexcapades

Trump's Sexcapades.

Jessica Leeds (1980s)
Kristin Anderson (1990s)
E. Jean Carroll (1995 or 1996)
Lisa Boyne (1996)
Cathy Heller (1997)
Temple Taggart McDowell (1997)
Karena Virginia (1998)
Mindy McGillivray (2003)
Jennifer Murphy (2005)
Rachel Crooks (2005)
Natasha Stoynoff (2005)
Juliet Huddy (2005 or 2006)
Jessica Drake (2006)
Ninni Laaksonen (2006)
Cassandra Searles (2013)
Allegations of pageant dressing room visits(1997)
Mariah Billado,
Victoria Hughes,
and three other Miss Teen USA contestants
Bridget Sullivan (2000)
Tasha Dixon (2001)
Unnamed contestants (2001)
Samantha Holvey (2006)

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Trump's Speeches | Rallys |Interviews

Trump's Speeches | Rallys

Donald Trump talks a lot, but what is he actually saying? Watch Trump at some of his rallys and see what you think.

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