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Fatster’s Roundup

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G’evening!

International Developments

The White House has “varying degrees of confidence that chemical weapons were used in a limited way” by  Syrian government forces.  They are relying on the Syrian opposition “in gathering facts.”  According to an expert, however: “You need a properly conducted investigation . . . [and sample] that is authentic . . . has not been tampered with”, etc.  Again, the US Army on testing for sarin in soil.

? “Obama ‘Red Line’ on Syria Avoids Dealing with Massive Humanitarian Crisis”.

? “UN warns Iraq at ‘crossroads,’ calls for calm.”

? “Boston bombing suspect Dzhokhar Tsarnaev moved from hospital to prison”,  the Federal Medical Center at Fort Devens US Army Base, about 40 miles from Boston.

International Finance

? Matt Taibbi must read:  “[A] series of related corruption stories spilled out of the financial sector [recently], suggesting the world’s largest banks may be fixing the prices of, well, just about everything.” Barclays, UBS, Bank of America, JPMorgan Chase, Royal Bank of Scotland–setting rates for a $379 trillion market.

? “US Lets Swiss Banks, Accused of Aiding Tax Fraud, Avoid Prosecution with Fines”.   Jail time threat is what changes behavior–not fines, which are just a business cost.  “US Justice For Sale” is the message resulting from the current approach.

? “Pressure is mounting on high street retailers and leading brands to put lives ahead of profits and safeguard Bangladeshi factory workers”.  Refusal  by “global retailers to pay for strict nationwide factory inspections is bringing renewed scrutiny . . ..”  Update: 307 dead, 50 more found in rubble; 2200 rescued.

? South Korea has decided to pull its remaining 175 workers from the Kaesong factory complex in North Korea, thus ending the sole cooperative effort between the two countries.

Money Matters USA

? According to this article, the chained-CPI President Obama is suggesting to use for taxes will be “a very light tap” on the middle class and not a hit. “Taxes are going up on everybody . . .. But they’re really going up on the very richest”.  Here’s the other side of the story.

? OH “sold a state prison to Corrections Corporation of America” in 2011. Results: “rampant abuse and abysmal conditions well below state standards”, the prison is overcrowded by 130%, assaults are up by 40%, etc.  Moreover, OH courts are “illegally jailing people because they are too poor to pay their debts”. [cont’d.]

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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.