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Fatster’s Roundup


International Developments

? Guantanamo:  A “‘medical ethics-free zone’“; “doctors must refuse to force-feed hunger strikers.”

? Turkish Prime Minister “Erdogan’s chilling warning: ‘these protests will be over in 24 hours’. . ..  From now on security forces will respond differently.'”

? 60 Shiite Muslims were killed in Haita, eastern Syrian,  during brutal fighting, including by the al-Qaeda group, Nusra Front.

? “A Syrian helicopter opened fire on a Lebanese border town in the eastern Bekaa Valley . . . , wounding two people” according to the Lebanese army.

? “Syrian rebels and activists have condemned the killing of a 14-year-old boy, allegedly by al-Qaeda-linked fighters who accused him of blasphemy.

? “Six people, including two schoolchildren, have been killed in an ambush near Kenya’s border with Somalia”.

? Earlier assurances to the contrary:  “A team of [UNESCO] experts in Mali says damage to Timbuktu’s unique cultural heritage under rebel control is much worse than was first estimated.”

? Life in a hellish Chinese labor camp:  an inmate tucked a description of it inside “a package of Halloween decorations sold at Kmart”, begging whoever found the note to “send it to the World Human Right Organization”.

International Finance

? The Greek government just shut down ERT, the state broadcaster, “calling it a ‘haven of waste’.”  Thousands protested, riot police deployed.  2,500 jobs lost.

? More rigging in the financial world, this involving  “manipulated benchmark foreign-exchange rates”.  It’s been going on for 10 years, but the UK’s Financial Conduct Authority has bestirred itself into “considering opening a probe”.

? “Anti-G8 protest headquarters in London raided by riot police; Hundreds of officers deployed and 57 arrests made as Carnival against Capitalism is staged in London”.  Video.

? “Ireland’s trade union movement has taken the unprecedented step of asking human rights monitors to oversee the largest anti-G8 demonstration of next week’s two-day summit”.

? “Jamie Dimon hit back against allegations that JPMorgan Chase executives misled investors over the bank’s “London whale” trading losses, pledging to fight ‘to the end’ against any lawsuits filed in the affair.”

Money Matters USA

? Pauperization of the US population has proceeded “faster under Obama than under George W. Bush”, with 1/2 of us “now considered poor or low-income”.  Graphs.

? The O-hits keep on coming.  “Obama Cans Regulator Who Crossed Wall Street: Ouster is a gain for big bankers advocating lax oversight.”    He’ll be replaced with Amanda Renteria, “a simply pathetic choice” which might be a move “to render the CFTC incompetent over time.”

? “Obama Nominates America’s Biggest Walmart Cheerleader as His Chief Economic Adviser”.  That would be Jason Furman.

? “The federal deficit is down, spending is down, revenues are up, and the balance sheet of Social Security and Medicare are stable or improving. . . . In a rational world, this would be seen as providing breathing room to create job-creating programs of real value to the overall economy.”

? “BMW sued by U.S. over criminal background checks in hiring” in Spartanburg, SC.  The US Equal Employment Opportunity Commission filed the complaint. [cont’d.]

Photo by Sergey Yeliseev 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.