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Fatster’s Roundup



International Developments

? Shi’ites and Sunnis continue to bombard each others’ neighborhoods in Baghdad, Iraq.  At least 16 dead.

? Per a Free Syrian Army spokesperson, 7,000 Hezbollah fighters are “‘invading’ Syria”; France’s foreign minister estimated 3,000 – 4,000.   Update:  Syrian President Bashar al-Assad claims “‘major victories’ against rebels”.  Update: 37 photos from the war zone. Update: US Syria policy at a dead end?

? Pakistan’s Taliban have already replaced that #2 taken out by US drone strike Wednesday.

? “An Argentine prosecutor has accused Iran of trying to infiltrate countries in Latin America to sponsor and carry out ‘terrorist activities’.”

? Incident in Burma (a Muslim man allegedly set fire to a Buddhist woman) triggered riots by “Buddhist mobs [burning] Muslim homes . . . for a second day in . . .  Lashio”.

? “Guantanamo Bay hunger strike worsens”, with 103 prisoners still striking, 36 being force-fed.

International Finances

?  The arrangement between Cathy Kearney of Ireland and Apple that lets the company save billions in taxes is so intricate that Sen. Carl Levin (D-IL), Chair, Permanent Subcommittee on Investigations used the adjective “magically” to describe it.

Lockheed Martin has ads on Canadian buses touting their F-35s.

Money Matters USA

? Congressional Budget Office:  17% “of all [tax] deductions, loopholes and credits . . . go to the top 1 percent of American households” and 50% of the major tax exclusions “benefit the top 20% of earners.”

? MD Gov. Martin O’Malley (D): “Trickle-down economics has been an abject failure for 99% of Americans.”

? Department of Defense furlough notices being delivered to 750,000 employees.

? “US jobless claims rise modestly [last week, by 10,000] as economic growth revised down”.

? “Costco’s Profit Soars”; Walmart, Target not so much.  Average Costco worker makes $45,000, compared to $17,486. at Sam’s Club. [cont’d.]

Photo by David Kingham 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.