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Fatster’s Roundup

Springtime Morning

Good morning.

International Developments

? “The US and the UK say they will work to strengthen the moderate opposition in Syria and create a transitional body to replace President Bahar al-Assad.” What moderate opposition? Does Israel really want “US military intervention in Syria”? Update: Grisly video “sparks doubts over wisdom of backing rebels.”

? “Three US soldiers killed by roadside bomb in Afghanistan”; 3 afghanis killed by bomb in a marketplace.

? Afghan authorities are trying to “arrest on murder and torture charges . . . a man they say is an American and part of a Special Forces Unit . . . [which participated] in the killings or disappearances of 5 Afghans.” The US rejects the accusations.

? “At least nine people, including children, have died in a car bomb blast near a hospital in the Libya city of Benghazi”. Update: 12 were killed, 30 wounded.

? “Israelis worried that U.N. may quit patrolling Syrian border.”

? “Guantanamo hunger strikers subject to harsh new method of force feeding. Lawyers for inmates say humiliating body searches instituted for prisoners who wish to talk to their representatives.”

? A Yemen jet fighter exploded in mid-air over Sanaa, leaving several injured.

? “A Turkish F-16 fighter crashes near Syria, killing pilot”.

? “Nigeria steps up fight against Islamist extremists”.

? “Rwanda genocide 20 years on“.

International Finance

? Bangladesh’s Minister for Textiles “announced the creation of a panel of union representatives and factory owners to raise the minimum wage”; 18 garment factories are shut “for safety reasons”; “a number of people” have been arrested for “causing deaths by negligence”. Update: Garment workers will be allowed “to form trade unions without prior permission from factory owners”. Update: The search in the rubble has ended;deaths = 1,127. Update: “[T]op fashion retailers” are/are not signing “Bangladesh safety accord.”

? They’re claiming a fix for Libor, although “the idea could set up a conflict with US regulators.”

? “Some of the world’s leading hedge funds are pouring money into the Greek banking sector [expecting] huge potential returns”.

? What a surprise: “Greek Crackdown on Tax Evasion Yields Little Revenue in Tackling the Deficit”.

Money Matters USA

? Fracking has produced a bonanza for the oil companies so now they want to export more, more, more. Consequently, we’ll be paying more, more, more for it here at home while habitat is destroyed due to drilling gone wild.

? Bill Black on why the bill by Senators Sherrod Brown (D-OH) and David Vitter (R-LA) aimed at controlling the banks “Will Not and Cannot Work but it is Criminogenic.”

? Move the agenda already: The Congressional Budget Office says the “deficit problem is solved for the next 10 years.”

? “Growing profits for the mortgage giants Fannie Mae and Freddie Mac could cause Congress to lose interest in overhauling the agencies.”

? Bloomberg’s known since 2011 there were “privacy issues” with its computer terminals because reporters accessed them. They responded by stopping reporters’ access. Sheesh.

? “Budget surpluses spur tension in some GOP states”. [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.