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When the bank robs you directly

The few remaining defenders of the Obama administration’s failure to prosecute the executives who helped cause the 2008 financial crisis argue that the bankers’ actions were unethical but not criminal. President Obama himself has made this claim: “Some of the most damaging behavior on Wall Street … wasn’t illegal,” he told Steve Kroft on 60 Minutes in December 2011. The president might want to take this up with David Adier, who says he was victimized by Wells Fargo breaking and entering into his family’s home in Morris Township, New Jersey, and then committing property damage and theft. Burglary is a felony subject to prison time — if anybody but a bank does it. Adier’s case is doubly disturbing because of what was taken: items his father retrieved from his family’s apartment in France before fleeing the Nazis in 1940, including a Kiddush cup, a Seder plate and a sewing machine used by his grandmother. Adier has since filed suit against Wells Fargo. Accor

Οι εθνικοποιήσεις στη Βολιβία απέφεραν στη χώρα 13 δις δολάρια συναλλαγματικά αποθέματα

Ο πρόεδρος της Βολιβίας, Έβο Μοράλες, δήλωσε ότι, από όταν η κυβέρνησή του ανέκτησε τους φυσικούς πόρους, βελτιώθηκε η οικονομική κατάσταση και η χώρα έγινε ένα σημαντικό διεθνές σημείο αναφοράς. Από τις εορτασικές εκδηλώσεις των 355 χρόνων της ίδρυσης του Δήμου Καραπαρί στη περιφέρεια Ταρίζα στο Νότο της Βολιβίας, ο Πρόεδρος Έβο Μοράλες δήλωσε ότι “μέσω των φυσικών πόρων παράγεται πολύ συνάλλαγμα που αξιοποιείται προς όφελος του λαού της Βολιβίας”. Προσέθεσε ότι η περιοχή έχει ειδική μεταχείριση λόγω του ότι η οικονομική κατάσταση άλλαξε μετά την εθνικοποίηση, επισημαίνοντας ότι η γη του Καραπαρί δίνει ζωή στη Βολιβία, αναφερόμενος στους πόρους υδρογονανθράκων που παράγονται στην περιοχή. Αυξήθηκαν οι εισροές στο Εθνικό Θησαυροφυλάκιο (TGN) από 2 εκατομμύρια Βολιβιάνος ( περίπου 300 χιλ. Δολάρια) το 2006, σε 23 εκατομμύρια Βολιβιάνος (περίπου 3 εκατ.δολάρια) το 2012. Τόνισε επίσης, ότι θα πρέπει επίσης να αναγνωρίσουμε τον αγώνα του λαού, των κοινων

Nacionalizaciones en Bolivia generan 13.000 millones de dólares de reservas internacionales

El presidente de Bolivia, Evo Morales, resaltó que desde que su Gobierno recuperó los recursos naturales, la situación económica de ese país mejoró y se convirtió en una importante referencia a nivel internacional. Desde el acto de conmemoración de los 355 años de la fundación del municipio Caraparí en el departamento de Tarija, ubicado al sur de Bolivia, Morales dijo que “mediante los recursos naturales se generan muchas divisas que están democratizadas en Bolivia”. Agregó que la región tiene tratamiento especial debido a que la situación económica cambió, después de la nacionalización. Indicó que desde las tierras de Caraparí se da la vida a Bolivia, haciendo referencia a los recursos hidrocarburíferos que se generan en la zona. En este orden, el mandatario boliviano comentó que desde 2006 aumentaron los ingresos por transferencias al Tesoro General de la Nación (TGN) de 2 millones de bolivianos en 2001 a 23 millones de bolivianos en 2012, (entre unos 2

Where’s the Republican outrage over Saudi Arabia?

Iran’s no democratic paradise. But on many counts, Washington’s Saudi allies are even worse. The Saudi royals crush dissent with an iron fist, spread extremist ideology, and invade their neighbors with impunity. Meanwhile, the Saudi monarchy has used its military and financial might to impose its will throughout the Middle East. In 2011, Saudi tanks invaded neighboring Bahrain and brutally crushed that nation’s budding pro-democracy movement. Two years later, the Saudis backed a coup in Egypt that killed over 1,000 people and saw over 40,000 political dissidents thrown into squalid prisons. In their latest military intervention, the Saudis have used American-made cluster bombs and F-15 fighter jets in a bombing campaign over Yemen that’s killed and injured thousands of civilians and created a severe humanitarian crisis. All the while, they’ve helped export an extremist interpretation of Islam around the globe. Let’s not forget that 15 of the 19 hijac

A planet drowning in bubbles and debts: How long will it still last?

Governments continue to waste tax and state revenue to support the rotten structure called "free market" globinfo freexchange "As long as the government does not intervene, I will sell" a stockbroker recently commented on the fall of China's stock market. He meant that he will selling stocks, bonds and other financial products to trigger government intervention. Because he knows very well that the government of China, like the government of any large economy, sooner or later will shed those public funds are needed in the market to buy stocks and bonds, to support the bubble markets and avoid further decline of its stock market. For although the global debt has reached 200 trillion dollars, toxic financial products ("derivatives") have surpassed 700 trillion dollars, and real (production) global economy has fallen significantly, the central banks of the world rely on distorted statistics that indicate an upcoming "recovery."