AFL-CIO Report: Santander bank exec looted Puerto Rico’s infrastructure fund


People’s World | May 16, 2017

AFL-CIO Report: Santander bank exec looted Puerto Rico’s infrastructure fund

A key question all Puerto Ricans must ask – should banks like Santander be held accountable for their role in Puerto Rico’s debt crisis? |

WASHINGTON, D.C. — Amid rallies by community members in Puerto Rico and Boston outside Santander banks, the AFL-CIO released a new report detailing how former Santander executive Carlos M. Garcia diverted a $1 billion fund dedicated to essential water and sewer projects into a series of financial transactions that ultimately pushed the Government Development Bank (GDB) into insolvency.

According to the report, while Garcia looted the infrastructure fund to support the issuance of billions in GDB notes and sales tax-backed bonds (known by Spanish acronym COFINA), his former employer, Santander, made millions as an underwriter.Read More »

Artificial intelligence: Socioeconomic, political and ethical dimensions

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Chemical weapons attack in Syria was staged, claims MIT expert

A Journal of People report


A leading weapons academic has claimed that the Khan Sheikhoun nerve agent attack in Syria was staged, raising questions about who was responsible.

An International Business Times report said:

“Theodore Postol, a professor emeritus at the Massachusetts Institute of Technology (MIT), issued a series of three reports in response to the White House’s finding that Syrian President Bashar Al-Assad perpetrated the attack on 4 April.

“He concluded that the US government’s report does not provide any ‘concrete’ evidence that Assad was responsible, adding it was more likely that the attack was perpetrated by players on the ground.Read More »

Russia-Baiting Pushed Trump to Attack Syria—and Increases the Risk of Nuclear Annihilation


Information Clearing House | 11 April, 2017

Russia-Baiting Pushed Trump to Attack Syria—and Increases the Risk of Nuclear Annihilation
The anti-Russia bandwagon has gained so much momentum that a national frenzy is boosting the odds of unfathomable catastrophe.

Vast efforts to portray Donald Trump as Vladimir Putin’s flunky have given Trump huge incentives to prove otherwise. Last Thursday, he began the process in a big way by ordering a missile attack on Russia’s close ally Syria. In the aftermath of the attack, the cheerleading from U.S. mass media was close to unanimous, and the assault won lots of praise on Capitol Hill. Finally, the protracted and fervent depictions of Trump as a Kremlin tool were getting some tangible results.Read More »

The World Reacts to the US Attack on Syria

teleSUR | 07 April, 2017

USS Porter launches a Tomahawk  missile in the Mediterranean Sea during Wednesday

USS Porter launches a Tomahawk missile in the Mediterranean Sea during Wednesday’s attack on Syria. April 6, 2017 | Photo: Reuters

The world reacted to news of the U.S. attack on Syria Thursday evening, with Bolivia quickly calling for a U.N. Security Council meeting Friday to discuss the situation.

Russia issued a statement early Friday calling the attack an “aggression against a sovereign nation,” according to the Guardian.

The Kremlin said the attack was based on an “invented pretext” claiming the Syrian army did not have chemical weapons.

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World Bank declares itself above the law

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US is Responsible for the Violence Fueling Migration: Mexico

teleSUR | 24 March, 2017

Mexico’s Foreign Minister, Luis Videgaray, said the U.S. must take responsibility for much of the violence which fuels Central American migration.

Speaking Thursday at a banking conference in Acapulco, Mexico, Videgaray said that the U.S. is the main source of arms and money for the drug cartel violence in the so-called Northern Triangle — comprising El Salvador, Honduras and Guatemala — which has forced thousands to flee northwards.Read More »

Lagarde trial: A business class get-out-of-jail free card 14

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Canada Uses Money Meant for Indigenous Kids on Mining Instead

telesur | 02 March, 2017

Instead of spending millions devoted to supporting Indigenous communities, Canada is spending a portion on promoting mining development in their territories, according to an investigation published Thursday.

Canada’s Indigenous and northern affairs minister, Carolyn Bennett, said in an interview in January that almost US$150 million are being spent on Indigenous initiatives, but a closer look at documents by Press Progress showed that the sum is exaggerated and that some is siphoned off into programs meant to win and pressure Indigenous communities into complying with mining projects.

Parliament set aside US$53 million last year to address a ruling that showed that Indigenous children were discriminated against in the budget. The Canadian Human Rights Tribunal, however, found that that gap was twice as big.Read More »

Contention For Hegemony: Japan, China, America

by Mohan Guruswamy

Frontier | Vol. 49, No.33, Feb 19 – 25, 2017

Japan became Asia’s first world power when it defeated Russia in the 1904-5 Russo-Japanese war. This was the first major war of the 20th century and the first time a non-European power defeated a major European nation.

The war, which began the previous year in 1904 with the Imperial Japanese Navy laying siege to Port Arthur and with the Japanese Navy destroying the Russian Pacific fleet in a series of surprise attacks, ended with the climactic naval battle in the Tsushima straits between Korea and Japan.

Russia’s Baltic Fleet, which set sail from St Petersburg eight months earlier to relieve Port Arthur, consisted of eight battleships, including four new battleships of the Borodino class, as well as cruisers, destroyers and other auxiliaries for a total of 38 ships. The Japanese Combined Fleet, which was commanded by the now legendary Admiral Heihachiro Togo, had originally consisted of six battleships, was now down to four (two had been lost to mines), but still retained its cruisers, destroyers, and torpedo boats.Read More »