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Fatster’s Roundup

Good Morning!

Good Morning!

International Developments

? “Syrian President Bashar al-Assad has said the West will pay a high price for what he described as its support for al-Qaeda in his country’s conflict.”

? “Defense Secretary Chuck Hagel and chairman of the Joint Chiefs of Staff Gen. Martin Dempsey both warned Congress on Wednesday about the unintended consequences of a U.S. military intervention in Syria.” Interesting remarks.

? “Former Egyptian President Hosni Mubarak has been ordered back to prison from military hospital.”

? Suicide bomber inside a Baghdad cafe, killed 23.  Al-Qaeda suspected.

? Duracell or Energizer?  “Pentagon requesting $395.9 million to buy Israel more Iron Dome batteries.”

? Israel’s Military Advocate General has decided he will “not open a criminal investigation into the airsrike that killed 10 members of a Palestinian family and two of their neighbors during the November 2012 war with Gaza.”

? Former Pakistani president Pervez Musharraf recently returned  from exile.  He wants to make a political come-back, was disqualified from running by a court in Peshawar, and today  was charged with treason in an Islamabad court.  Musharraf raced from the courtroom and high-tailed it back to his heavily-guarded compound.

? “North Korea has said it was ready to talk if UN sanctions against it were withdrawn and if the US and South Korea put an end to joint military drills”.

? Justice, UK style.  “Chagossians [ref: US airbase on Diego Garcia] suffer blow in fight to go home as court rejects WikiLeak cable: US embassy cables allegedly detailing UK plan to stop return to Indian Ocean islands used by US military is ruled inadmissible.”

International Finance

? “[L]eading figures in central banking [in Europe] conceded they were flying blind when steering their economies.” Incredible quotes (“there is the risk of appearing to promise too much”, “We don’t fully understand what is happening”, “we are in uncharted territory”, etc.) from those comfortably removed from the day-to-day suffering they cause.

? “France said on Thursday it would block proposed negotiations on a free trade agreement between the European Union and the United States unless cultural sectors, such as television and radio, were excluded from the talks.”

? Corporations won and a 224-year-old US federal law was constrained by the US Supreme Court yesterday when it blocked a suit by 12 Nigerians accusing Shell Oil “of complicity in a violent crackdown on protesters in Nigeria from 1992 to 1995.” The US Chamber of Commerce is ecstatic.

? Flamenco Banco, Ole!

Money Matters USA

? Lovely bunch:  Dan Loeb -“hedge fund king extraordinaire”, Michelle Rhee – Students First, Paul Tudor Jones – Tudor Funds.  All three are against defined benefit pension plans, including for teachers, and they have overlapping ties. Loeb manages several public pension funds and now has his eye on the California State Teachers’ Retirement System.  The American Federation of Teachers is onto him, however.  So is Matt Taibbi.

? Paging Rahmbo: Chicago-area Regional Transportation Authority “alleged that . . .  AT&T, Sears . . ., Verizon and Target are running ‘sham’ offices . . . with two small northern Illinois communities to avoid paying millions of dollars in taxes in Chicago and Cook County. [cont’d.]

Photo by ` ³ok_qa³ ` under Creative Commons license

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Dan Wright

Dan Wright

Daniel Wright is a longtime blogger and currently writes for Shadowproof. He lives in New Jersey, by choice.