February 2015

The Exception

 

Politicians and multinationals with prestitudes of all kinds at their service control the narrative about their plunder, – “they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it.” – Frédéric Bastiat

Thin Capitalisation  (Norway 4:1 – Alcoa Iceland  40:1 ?)
Luxembourg Leaks: Global Companies’ Secrets Exposed
Senior ‘Telegraph’ writer resigns over ‘fraudulent’ HSBC coverage

George Carlin – “you have to be asleep to believe it”

 

Not to big to jail

Al-Thani

The Supreme Court Verdict in the Al-Thani case:

“The market manipulation is said meticulously planned, committed by a focused intent and unusually reckless and disregarded.”

The Supreme Court says that the breach of the defendants regarded enormous amounts and their conduct constituted serious breach of trust to the public at large and lead to catastrophic financial loss. Furthermore, the market manipulation directed “against the public and financial markets in the country as a whole and the damage that resulted directly and indirectly, can not be measured in money.”

  • Sigurður Einarsson 4 years
  • Hreiðar Már Sigurðsson 5 1/2 years
  • Magnús Guðmundsson 4 1/2 years
  • Ólafur Ólafsson 4 1/2 years

Mutobia

Mutobia

The President of Mutobia prepares for his nth term in office, probably because he is indispensable, if not invincible. He and Mugabe must be very old friends.

The grandest looser of them all, got the biggest newspaper for his rants, and promptly reduced its readership to less than Farmers-News.

Our Most prominent anchor at the State TV repeats warnings that we will be unable to see him with out a cable (we would be so lucky). His female counterpart declared the PM innocent in the middle of his trial before the High Court of Impeachment, and another reads the Pentagon bulletins most diligently.

Increasing the nations financial literacy is commendable, but can only be done in a patronizing tone. – Maybe they should start with the economists (including the danish ones).

Father a field, the Russian media is all propaganda, they lied to us about: the Chevron lady with the cookies, the Gorbachev agreement, the “Oh Gosh!” replay from occupied EU, etc.

Thank God for FOX, CNN, and Hollywood at least they are true (fair and balanced).

Disinformation

And then (1940) there was NAM
Now there is PCES
.. more than neoclassical theory
Trends In The News 🙂

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