Monsanto is often called one of the most ‘evil’ companies on the planet. It has a history of knowingly contaminating the environment and food with various poisons, cover ups and criminality (see this, outlining the company’s appalling history). In recent times, there has been much focus on its promotion and patenting of GMOs, the deleterious impacts of its glyphosate-based herbicide Roundup and how …
Retiring Cisco CEO delivers dire prediction: 40% of companies will be dead in 10 years JULIE BORT
Cisco’s giant customer conference, Cisco Live, began Monday in San Diego and was the last time outgoing CEO John Chambers would impart his vision in a keynote speech. And was it ever a speech, filled with fire-and-brimstone predictions. The upshot: Chambers, Cisco’s CEO of 20 years, says more than one-third of businesses today will not survive the next 10 years. The only …
Banker Deaths: JPMorgan Tech Workers Have New Conspiracy Theories; Former Intern Allegedly Commits Suicide By Pam Martens and Russ Martens
Since December 2013 there have been a rash of unusual deaths among workers at JPMorgan Chase, including alleged leaps from buildings and two separate alleged murder-suicides in New Jersey. A noteworthy number of the deaths have been among technology workers. With the exception of Julian Knott, who was a high level technology expert for JPMorgan in both London and later …
Is US Trade Rep a Wall Street Crony? Groups Demand Transparency. – Deirdre Fulton
Noting deep ties between the country’s top trade negotiator and Wall Street banks, ten groups representing millions of Americans are calling on the White House to make public all communications between U.S. Trade Representative Michael Froman and the massive financial institutions that stand to benefit from proposed trade deals. In a letter (pdf) addressed to Froman—lead champion of President Barack Obama’s corporate-friendly …
When Is a Felony Not a Felony? When You Are a Bank – Alexis Goldstein
Good news, America: We can now get guilty pleas from banks! Bad news, America: That’s only because guilty pleas from banks are now absolutely meaningless. Last week, JP Morgan, Citigroup, Barclays, and Royal Bank of Scotland pled guilty to felony charges of conspiring to manipulate currency prices, and UBS pled guilty to manipulating benchmark interest rates. Regulators and prosecutors found …
Major Bank Warns Of Imminent Problems In U.S. Farming Industry: “Dire Straits”
Despite the government’s ‘advice’ to young debt-laden students, thetragedy of the American farmer continues with worryingly pessimistic views on the future of the industry. With farmland prices falling for the first time in almost 30 years, credit conditions are weakening dramatically and the Kansas City Fed warns that persistently low crop prices and high input costs reduced profit margins and increased concerns about future …
The Big Banks Are Corrupt – And Getting Worse – Richard eskow
The Justice Department’s latest settlement with felonious big banks was announced this week, but the repercussions were limited to a few headlines and some scattered protestations. That’s not enough. We need to understand that our financial system is not merely corrupt in practice. It is corrupt by design – and the problem is growing. Let’s connect the dots, using news …
MEDIA EXECUTIVES ARE SALIVATING OVER BIG MONEY FLOODING THE 2016 ELECTION CYCLE – LEE FANG
At least one small slice of the American public looks forward to the non-stop, sleazy political advertisements set to inundate viewers during the 2016 elections: media executives and their investors. Peter Liguori, the chief executive of Tribune Company, said earlier this month that the next presidential campaign presents “enormous opportunity” for advertising sales. Speaking at a conference hosted by J.P. …
Shelby’s Fed Reform Bill Is Just Moving Deck Chairs on the Titanic – Pam Martens and Russ Martens
Senator Richard Shelby, Chair of the Senate Banking Committee, is set to release details of his proposed financial reform legislation today which Wall Street hopes will have so much smoke and mirrors to appease the liberal and conservative factions on the Committee that no one will notice that it’s another big sellout to Wall Street. The bill will hold out …
The Clintons and Their Banker Friends – By Nomi Prins
[This piece has been adapted and updated by Nomi Prins from chapters 18 and 19 of her book All the Presidents’ Bankers: The Hidden Alliances that Drive American Power, just out in paperback (Nation Books).] The past, especially the political past, doesn’t just provide clues to the present. In the realm of the presidency and Wall Street, it provides an ongoing pathway …