This post was published at jsnip4
This post was published at jsnip4
Officers planting evidence appear to be growing a tree of corruption at the Baltimore Police Department, as the second release of suspicious body camera footage in two weeks has led to more dropped drug charges.
On Tuesday evening, Baltimore defense attorney Josh Insley released BPD body camera footage showing officers apparently faking the recovery of drugs from a woman’s vehicle. The three videos led the Baltimore state attorney’s office to drop charges against Insley’s client, Shamere Collins, on Monday, the Baltimore Sun reported.
Documents released yesterday in a lawsuit against Monsanto have resulted in new questions about the company’s efforts to influence the news media and scientific research and revealed internal debate over the safety of its highest-profile product, the weed killer Roundup.
As the New York Times notes today, new internal emails, among other things, reveal ethical objections from former employees to “ghost writing” research studies that were pawned off as ‘independent’ analyses.
The documents underscore the lengths to which the agrochemical company goes to protect its image. Documents show that Henry I. Miller, an academic and a vocal proponent of genetically modified crops, asked Monsanto to draft an article for him that largely mirrored one that appeared under his name on Forbes’s website in 2015. Mr. Miller could not be reached for comment. A similar issue appeared in academic research. An academic involved in writing research funded by Monsanto, John Acquavella, a former Monsanto employee, appeared to express discomfort with the process, writing in a 2015 email to a Monsanto executive, ‘I can’t be part of deceptive authorship on a presentation or publication.’ He also said of the way the company was trying to present the authorship: ‘We call that ghost writing and it is unethical.’
The newly disclosed emails also reveal internal discussions which cast some doubt over whether internal scientists actually believed in the company’s external messaging that Roundup was, in fact, safe.
This post was published at Zero Hedge on Aug 2, 2017.
Mining bitcoins is a notoriously electricity-intensive process better suited for areas where resources are subsidized by the government (like the mountainous Northern China, where a cluster of some of the world’s largest mining pools are located), or are at least exceedingly cheap. Cities like New York, are, of course, not ideally suited for the task of mining. But then again, if you’re not paying for the electricity, then it may as well be free, right?
That, essentially, was New York City teacher Vladimir Ilyayev’s plan when he started mining bitcoin on his work computer, running the software during the evening while monitoring it from home, according to CoinDesk, which discovered paperwork relating to Ilyayev’s hearing before the BOE’s Conflicts of Interest Board.
‘According to a recently published disposition from the City of New York Conflicts of Interest Board, department employee Vladimir Ilyayev admitted to mining bitcoin between for a period of several weeks between March and April 2014. Bitcoin mining is an energy intensive process by which new transactions are added to the blockchain, generating new coins with every block that is created.’
This post was published at Zero Hedge on Aug 1, 2017.
The Special Inspector General for Afghan Reconstruction (SIGAR), John Sopko, in an interview with Breitbart News, said the U. S. has been ‘drowning’ Afghanistan in money, wasting millions and creating conditions for corruption.
‘You can drown somebody in goodness,’ Sopko told Breitbart. ‘It’s the comedy of the absurd when it comes down to [American] assistance [to Afghanistan] and we are just drowning Afghans in money. And when you drown somebody in money, you can’t be surprised that some of it gets wasted.’
Sopko said the American people should care about the Afghan war as a natural security issue, but should also demand accountability for their government’s reckless use of tax dollars in the conflict.
The office of the SIGAR is charged with overseeing reconstruction projects in Afghanistan, conducting audits and investigations to prevent waste, fraud and abuse. To date, the U. S. has appropriated a total of some $700 billion for the war, including the $120 billion spent on ‘reconstruction’ which Sopko’s office is tasked to track and account for.
This post was published at The Daily Sheeple on AUGUST 1, 2017.
House Judiciary Committee member, Representative Trent Franks (R-AZ), is calling on Robert Mueller, special counsel for the Department of Justice’s Russia investigation, to resign over an alleged “conflict of interest” resulting from a personal relationship with James Comey who is a person of interest in the investigation. Per the Washington Examiner:
“Bob Mueller is in clear violation of federal code and must resign to maintain the integrity of the investigation into alleged Russian ties,” Franks said. “Those who worked under them have attested he and Jim Comey possess a close friendship, and they have delivered on-the-record statements effusing praise of one another.”
“No one knows Mr. Mueller’s true intentions, but neither can anyone dispute that he now clearly appears to be a partisan arbiter of justice. Accordingly, the law is also explicitly clear: he must step down based on this conflict of interest,” Franks said.
This post was published at Zero Hedge on Aug 1, 2017.
While the Pentagon may be already contemplating its next steps in the escalating conflict with Russia, which as the WSJ reported will likely involve supplying Ukraine with antitank missiles and other weaponry – a red line for the Kremlin not even the Obama administration dared to cross – there is minor matter of what to do with a suddenly furious Europe, which as we discussed previously, has vowed it would retaliate promptly after Trump signed the anti-Russia legislation into law, due to allegations it was just a veiled attempt at favoritism for US-based energy companies.
And, sure enough, on Monday, the Germany economy minister said that tew penalties against Moscow proposed by US lawmakers violate international law and officials in Brussels should consider countermeasures.
Speaking to Funke Mediengruppe newspaper, Brigitte Zypries said that “we consider this as being against international law, plain and simple.” She added that “of course we don’t want a trade war. But it is important the European Commission now looks into countermeasures.”
This post was published at Zero Hedge on Aug 1, 2017.
Libor, the nearly 50-year-old global borrowing benchmark that became a byword for corruption, is headed for the trash heap of history.
The U.K. Financial Conduct Authority will phase out the key interest-rate indicator by the end of 2021 after it became clear there wasn’t enough meaningful data to sustain the benchmark that underpins more than $350 trillion in securities, Andrew Bailey, the head of the regulator, said in a speech Thursday at Bloomberg’s London office.
The end of the London interbank offered rate, or Libor, is welcome on many levels for regulators. It was tied to some of the banking industry’s biggest scandals, leading to about $9 billion in fines and the conviction of several bankers for manipulating the rate. Relying on the opinions of industry insiders to set the daily estimates based on interbank lending — some in markets that saw fewer than 20 transactions annually — was unacceptable, Bailey said.
“Libor is trying to do too many things: it’s trying to be a measure of bank risk and it’s trying to substitute for interest-rate risk markets where really it would be better to use a risk-free rate,” said Bailey in an interview with Bloomberg News before the speech. “It’s had to come to a conclusion.”
This post was published at bloomberg
Pakistan plunged into political turmoil when its Prime Minister Nawaz Sharif resigned shortly after the Supreme Court ousted him from office on Friday following an investigation into allegations of corruption centering on undeclared offshore assets. As Reuters notes, The court disqualified Sharif for not being ‘honest’, a requirement for lawmakers under Pakistan’s constitution, something the US sorely needs to amend as well. The court also ordered a corruption trial against Mr. Sharif, whose family is accused of amassing wealth through corrupt means and purchasing expensive overseas properties with that money.
The case against Mr. Sharif centers on four upscale apartments in London, which the opposition party alleges were bought with money made from corruption. Details of the property, held in the name of Mr. Sharif’s children, were disclosed in the huge leak of documents from the Panamanian law firm Mosack Fonseca last year, known as the “Panama Papers”, detailing the undisclosed offshore holdings of people around the world. The Prime Minister said the apartments belonged to his children, not him, and were acquired as part of a settlement of an old family business deal with a Qatari prince.
This post was published at Zero Hedge on Jul 28, 2017.
The ongoing problems with the F-35 and other military programs, stemming from virtually unlimited budgets, underline the inefficiency of the American military-industrial complex (MIC). In contrast, Moscow develops armaments capable of counteracting the latest technological advances of the US at minimal cost.
One of a state’s most insidious mechanisms is the inefficiency of the military-industrial sector. When looking at the world’s first superpower, this becomes all the more pronounced. Still, the ongoing problems highlighted by the F-35 program and failed missile interceptions by ABM systems are a good demonstration of how inefficiency in the US military sector has risen to worrying levels.
The main cause of these issues is related to the huge military-industrial complex that employs hundreds of thousands Americans directly or indirectly. The unhealthy composition of this power conglomerate often employs a revolving door involving politicians and board members from large arms-producing companies. This situation raises questions about corruption as well as a number of obvious conflicts of interest.
This post was published at Zero Hedge on Jul 27, 2017.
President Donald Trump might’ve been on to something when he accused the Washington Post of being a ‘lobbyist weapon For Amazon.’
In a rambling five-page email published by WaPo, the CEO of Birkenstock USA threatened to cut off authorized retailers who sell even a ‘single pair’ of its shoes to Amazon.com Inc., a continuation of his crusade against the online retailer, which began about a year ago when he demanded that the e-commerce powerhouse do more to ferret out fakes being sold on its platform. In the missive, CEO David Kahan blasted Amazon for soliciting Birkenstock retailers, offering to buy the company’s shoes from them for full price. Birkenstock stopped selling its shoes on Amazon earlier this year, citing a rise in counterfeit products and unauthorized sellers.
Though the paper disclosed its conflict of interest, the story was obviously intended to embarrass a business rival of WaPo owner and Amazon founder Jeff Bezos, despite the paper’s smoothly neutral tone.
‘In the email, Kahan called the entreaty a ‘desperate act’ and a ‘PERSONAL AFFRONT.’ ‘Birkenstock does NOT sell [to] Amazon,’ he wrote in the email to retail partners. ‘And it is clear that they are seeking back-channel means by which to obtain our brand.’
This post was published at Zero Hedge on Jul 26, 2017.
The ongoing scandal deep within the DNC continues. But this has nothing to do with Republicans or the Russians, so the media is completely silent.
The corruption in the Democratic National Committee is bone-deep, and the finger cannot be pointed elsewhere. The FBI just seized smashed hard drives from the former DNC chair, Debbie Wasserman Schultz. Wasserman-Schultz and those with high positions in the DNC are accused of rigging the primary election against socialist Bernie Sanders in favor of the overtly corrupt, Hillary Clinton.
Because of the criminal investigation into fraud at the DNC, Capitol police took custody of laptops and other equipment belonging to Imran Awan, a former aide to both Reps. Marcia Fudge (D-OH) and former DNC chair Debbie Wasserman Schultz (D-FL). Last night, the Daily Caller reported that the FBI has become part of the investigation by taking custody of smashed hard drives found in Awan’s home.
This post was published at The Daily Sheeple on JULY 25, 2017.
This sort of rank corruption should lead to trials, followed by hangings.
But it doesn’t.
Tesla will soon hit the limit of the federal tax rebates, which are good for the first 200,000 EVs sold in the US per manufacturer beginning in December 2009 (IRS explanation). In the second quarter after the manufacturer hits the limit, the subsidy gets cut in half, from $7,500 to $3,750; two quarters later, it gets cut to $1,875. Two quarters later, it goes to zero.
Given Tesla’s ambitious US sales forecast for its Model 3, it will hit the 200,000 vehicle limit in 2018, after which the phase-out begins. A year later, the subsidies are gone. Losing a $7,500 subsidy on a $35,000 car is a huge deal.
Tesla will sell near-zero cars without the subsidies. They know this. So does California, and guess where Tesla sells more cars than anywhere else?
What California is contemplating doing is subsidizing the difference in price between an EV and a car of “equivalent features” that is not an EV. This could wind up costing $30,000 per vehicle, and not as a tax credit either — as a direct rebate.
This post was published at Market-Ticker on 2017-07-25.
Canadian Finance Minister boasts about Crony Capitalist Bailout of collapsed mortgage lender. But his assumptions might be wrong.
‘Just like I said, a back door bailout in Exchange for something down the line. Very very dirty,’ tweeted Bay Area short-seller Marc Cohodes in response to Canadian Finance Minister Bill Morneau’s gloating about the government’s role in the bailout of Home Capital Group.
Home Capital Group is Canada’s largest alternative mortgage lender. It focuses on new immigrants and subprime borrowers that have been turned down by the banks. It had been melting down ever since revelations of liar loans surfaced in 2015. Liar loans don’t exist in Canada’s clean housing market. They’re a US thing. By April this year, Home Capital was collapsing as a run on its deposits crushed its funding sources. A very onerous and controversial funding package was arranged in all haste to keep it afloat, as the industry – and as we now know, the Canadian government – worried about contagion.
The Canadian housing bubble is sitting on needles, and everyone knows it.
On June 22, when Warren Buffett’s rescue of Home Capital Group became known, its shares, after having already soared over the prior days, soared another 27% to C$19, having tripled from their crisis low in late April. But since that propitious day, its shares have fallen nearly 30%.
This post was published at Wolf Street on Jul 24, 2017.
Will Spain’s central government blink (again)? By Don Quijones, Spain & Mexico, editor at WOLF STREET. Madrid’s standoff with Spain’s north eastern province of Catalonia, which plans to hold a forbidden referendum on national independence on October 1, grows more and more complex by the day. Just in the last week alone the following developments have taken place:
Spain’s Civil Guard has raided Catalonia’s parliament and government HQ as part of its investigation into political corruption in the region. As new research has shown, this investigation forms part of a broader police operation that has served as a means for Spain’s governing People’s Party to spy on political rivals. Catalonia’s government has replaced the region’s chief of police with a die-hard separatist. It has also purged the cabinet of any members perceived as not fully committed to the separatist cause. Deloitte published its annual barometer of Spanish businesses according to which 74% of business leaders believe that the independence of Catalonia would do serious harm to Spain’s economy. Support in Catalonia for national independence is on the wain, according to a new poll, with 49% opposing independence, and just 41% favoring it. That said, only 67.5% of respondents said they still plan to vote on Oct. 1. Most of them will be nationalists. Madrid will do everything it can to stop them. The Rajoy government has warned this week that anyone who participates in the purchase of ballot boxes for the referendum could be criminally prosecuted.
This post was published at Wolf Street on Jul 23, 2017.
This is what happens folks.
It’s why I keep telling people who think they’re going to “flee” America for some land of milk and honey to stay away from the mess here that they’re just jumping from the frying pan into the fire — and while the protections here are few, there they don’t exist at all.
The scene at the swim-up bar at the Mexican resort where Abbey Conner was pulled listless from the pool in January was full of young tourists last month when an attorney hired by Conner’s family showed up.
It wasn’t surprising. It was a typical scene at an all-inclusive five-star resort where foreigners from both sides of the equator flock to escape their cold winters.
But as he watched, the attorney noticed something disturbing.
‘They serve alcoholic drinks with alcohol of bad quality and in great amounts, mixing different types of drinks,’ he wrote in his native Spanish.
This post was published at Market-Ticker on 2017-07-23.