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Fatster’s Roundup

Morning Glory

Greetings, all.

International Developments

? “‘Master plan’ underway to help Syria rebels take Damascus with U.S.-approved airlifts of heavy weapons.”

? “From Dallas to Damascus: The Texas ‘straight shooter’ who could replace Syria’s Assad”. Huh?

? “How Egypt’s radical rulers crush the lives and hopes of women” in Egypt.  Women are “opposing a new constitution that sweeps away their rights and opens the way for girls of 13 to be married.  And in Cairo’s slums, life grows harder as the gulf between the sexes widens.”

? The White House condemns “reports that women at anti-government protests in Egypt had been sexually assaulted and urged the Egyptian government to provide protection for female protesters.

? Bassem Youssef, political satirist on Egyptian teevee, is now wanted for arrest for “insulting Islam and President Mohammed Morsi.”  Update:  He’s out on bail.

? “Kenya’s Supreme Court has upheld Uhuru Kenyatta’s presidential election victory”.

? “Maasai fury as plans  . . . threatens their ancestral land . . . to make way for Dubai-based luxury safari company.”  The government of Tanzania is pulling a fast one–or trying to.

? “Mali conflict: Desert fighting on ‘Mars‘”–temps from 40 degrees Celsius during the day to below freezing at night. Clashes continue in Timbuktu between the Malian army and Islamist rebels.

? 35% fewer female tourists in India “because of fears about the risk of sexual assault.”

International Finance

? Global Corporate Coup:  “Everyone but China: TPP Trade Deal Threatens Sovereignty and Public Ownership”. President Obama wants to fast-track it through Congress, thus avoiding Congressional debate.

? “Bank of Cyprus depositors with more than 100,000 euros . . . could lose up to 60% of their savings” as part of the great bail-in.   Update: Yves Smith  concludes, “This Eurozone fiasco is making Geithner look good.”  And that’s what happens when you ignore the Law of Holes.

? “Why the Euro Is Doomed in 4 Steps:  It’s the gold standard minus the shiny rocks”.  Take-away quote: “the euro has become an austerity suicide pact.”

Money Matters USA

? The Bank of North Dakota, state-owned, established 1919, is  “a socialist relic that exists nowhere else in America”–and it’s thriving.  State and local taxes are deposited in the BND, not sent to Wall Street banks, and the BND “in turn reinvests in the state’s small businesses and public infrastructure,”  creating jobs, boosting the economy, etc.  We need 49 more.

? Zombie properties, homes left vacant by homeowners in disclosure, number 301,874, according to national survey results.  FL has the most– 90,556.  The largest proportion, though, are in KY (54%– from a total of 1,000).

? David Stockman has a splashy New York Times article:  “State-Wrecked: The Corruption of Capitalism in America” (shouldn’t that be “Wrecked:  The Corruption of America by Corporatism”?)  His “Heroes and Villains” are here.   Anyway, Paul Krugman responded.

? $900m of Stryker (heavy-duty military vehicle) parts “found”, mostly outdated. [cont’d.]

Photo by Zanchetta Fabio (faxstaff) 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.