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Fatster’s Roundup

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Good morning!

International Developments

? Ten years after (the Iraq Attack).

? “Guantanamo hunger strike grows”, a total of “28 of the 166 war-on-terror captives.”  Three of the strikers have now been hospitalized; 10 are being tube fed.  There were reportedly 26 hunger strikers last Friday.

? Secretary of State John Kerry unexpectedly dropped in  on Afghan President Hamid Karzai to express “concerns that [Karzai] may be jeopardising progress in the war against extremism [by his] anti-American rhetoric.”

? With CIA help, “Arab governments and Turkey have sharply increased their military aid to Syria’s opposition fighters . . ., a secret airlift of arms and equipment”.

? Riad al-Asaad, “who established and once commanded the rebel Free Syrian Army (FSA) has been badly wounded by an explosion in Deir al-Zour province.”

? “A tribal council long allied with the Jordanian monarchy has labeled King Abdullah II a Zionist agent because of comments he made in an interview with the Atlantic magazine.”

? Buddhist vs Muslim clashes are now occurring in Sri Lanka.

? “U.S. President Barack Obama doubled down on U.S. security support with a new agreement to extend annual military aid [to Israel] through 2027.”  From $2.4bn/ year to $3.1bn with “incremental boosts to nearly” $4bn.

? It’s been 10 years since they’ve made such a purchase, but China has now bought “24 fighter jets and four submarines from Russia”.

? “On a given day, 300 unauthorized immigrants are held in isolation in I.C.E. detention centers”.

? Russian President Vladimir Putin is hammering on Amnesty International now.

International Finance

? Jeroen Dijsselbloem, head of the Eurogroup, said earlier today that the “Cyprus rescue is model for the future”, generating such a wave of jitters that a spokesperson quickly countered that Dijsselbloem’s comments were  “taken out of context.”

? Paul Krugman reminds that the “unrestricted movement of capital” is a relatively recent phenomenon and it  “is looking more and more like a failed experiment”–as illustrated by recent disasters in “Iceland, Ireland, Greece, Portugal, Spain, Italy, Cyprus.”

? “Big Five UK banks see profits for 2012 ‘wiped out’” due to “a mix of regulation and their own mistakes”.

? “World’s [50] Most Admired Companies.”

Money Matters USA

? Cyprus “was depicted as a willing tool of Russian money launderers and oligarchs” when it’s “not a tax haven but a low-tax jurisdiction” and most of the “Russian depositors are typically smaller savers and entrepreneurs.”  Contrast them to the US euphemistically-called “financial elite” who “increasingly dominate our society and are running it strictly for own self interest and devil take the rest of us.”  Great Yves Smith article.

? The other bailouts:  Lavishly-paid  CEOS.  Those in the top 10 whose compensation was $616.4 million in 2012, up from $57.88 million in 1986. In contrast, the average weekly wage for US workers during that time “barely increased at all.”

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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.