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Posts Tagged ‘CEO’

The European Stabilization Mechanism, Or How the Goldman Vampire Squid Just Captured Europe


Thursday, 19 April 2012

‘In September 2008, Henry Paulson, former CEO of Goldman Sachs, managed to extort a $700 billion bank bailout from Congress. But to pull it off, he had to fall on his knees and threaten the collapse of the entire global financial system and the imposition of martial law; and the bailout was a one-time affair. Paulson’s plea for a permanent bailout fund—the Troubled Asset Relief Program or TARP—was opposed by Congress and ultimately rejected.

By December 2011, European Central Bank president Mario Draghi, former vice president of Goldman Sachs Europe, was able to approve a 500 billion Euro bailout for European banks without asking anyone’s permission. And in January 2012, a permanent rescue funding program called the European Stability Mechanism (ESM) was passed in the dead of night with barely even a mention in the press. The ESM imposes an open-ended debt on EU member governments, putting taxpayers on the hook for whatever the ESM’s Eurocrat overseers demand.’

Read more: The European Stabilization Mechanism, Or How the Goldman Vampire Squid Just Captured Europe

http://www.davidicke.com/headlines

General Electric CEO Jeffrey Immelt, the Head of Obama’s Jobs Council, is Moving Jobs and Economic Infrastructure to China at a Blistering Pace

July 31, 2011 4 comments

Saturday, 30 July 2011 08:03

‘Jeffrey Immelt, the head of Barack Obama’s highly touted “Jobs Council”, is moving even more GE infrastructure to China. GE makes more medical-imaging machines than anyone else in the world, and now GE has announced that it “is moving the headquarters of its 115-year-old X-ray business to Beijing”. Apparently, this is all part of a “plan to invest about $2 billion across China” over the next few years. But moving core pieces of its business overseas is nothing new for GE.

Under Immelt, GE has shipped tens of thousands of good jobs out of the United States. Perhaps GE should change its slogan to “Imagination At Work (In China)”. If the very people that have been entrusted with solving the unemployment crisis are shipping jobs out of the country, what hope is there that things are going to turn around any time soon?’

Read more: General Electric CEO Jeffrey Immelt, the Head of Obama’s Jobs Council, is Moving Jobs and Economic Infrastructure to China at a Blistering Pace