Archive for ‘Free Market and Globalisation’

Hedge funds helped wreck Puerto Rico

Hedge funds helped wreck Puerto Rico by Aengus mac Og.
It’s another symptom of the way things are within this corrupt and untethered political and economic system.
Puerto Rico as we know is not one of the wealthiest places in the world and is slowly but surely going bankrupt. I hear today that US hedge[…]

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Italy added to the Railway Gravy Train

Italy added to the railway gravy train.
First the Germans and the French, now the Italians are joining the privatised Railway gravy train.
Both Jeremy Corbyn of Labour and Caroline Lucas of the Greens, along with 66% voters, including 52% of Conservative voters, want Railways back in public hands.
As pointed out by Jeremy Corbyn,[…]

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HOW HEDGE “VULTURES” CAN SEIZE CONTROL OF THE CO-OP BANK

How the Hedge “Vulture” Funds can Seize Control of the Co-op Bank
by Sean Boyle
The recapitalisation plan gives the “vultures” 45% of equity and the option to buy another 25% of equity for £125 million. Exercising this free generous option would give the “vultures” 45% + 25% = 70% ownership of the Co-op Banking[…]

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INTELLECTUAL PROPERTY PROVISIONS IN TPP (GOOD INDICATORS OF WHAT WILL BE TTIP)

Intellectual property provisions in TPP (which is a good indicator of what will be in TTIP)
TPP leaked IP chapter summary (13 Nov 2013)
From: https://wikileaks.org/tpp/
Prepared by MS

Note: This is a summary of the IP chapter made available by Wikileaks. TPP (or ‘Trans-Pacific Partnership’ is not the same as TTIP which is between[…]

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CO-OPERATIVE BANK VULTURES: SOMALI PIRATES “RESCUE” OIL TANKER

Somali Pirates “Rescue” Oil Tanker
by Sean Boyle
Describing the Co-op Bank “recapitalisation” plan as a “rescue” is like saying Somali pirates have “rescued” an oil tanker from the Persian Gulf.
In many ways the UK’s Co-op Bank is neither fish nor fowl: not mutual yet owned by the mutually owned Co-op Group; the Co-op[…]

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Neo-Liberalism or Fascism ‘Light’?

“Fascism should more appropriately be called Corporatism, because it is a merger
of State and corporate power.” Benito Mussolini
 
The UK economy today has some startling similarities with both Nazi Germany and apartheid South Africa. The overriding image of fascism is the Nazi jackboot trampling over the brave democratic countries of Europe, and fascism itself[…]

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Occupy London celebrates first birthday with launch of The Little Book of Ideas

On the first anniversary of the Occupy London Stock Exchange camp just by St Paul’s Cathedral, Occupy London is pleased to announce the publication of ‘The Little Book of Ideas’, which aims to demystify the financial world and provide possible solutions. The free pocket sized book – written by the Economics Working Group of Occupy[…]

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