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Capitalism
Bank of America Seizes E-Commerce Funds of Online Gun Parts Retailer, Says They ‘Shouldn’t Sell’ Guns
‘It seems that gun bias is deepening in some sectors of American society, even enticing some firms to break the law – or, at the very least, abuse the law – in order to pursue their anti-Second Amendment agenda.
That certainly seems to be the case with Bank of America, which has reportedly seized the e-commerce funds of a legitimate gun maker for no reason other than to oppose the fact that the company sells firearms and ammunition online.’
Drug Companies Pushing to Replace Nutrition with Pharmaceuticals; Take Your Medications Even if You Have No Symptoms
Monday, 01 October 2012
‘Medications are nutrition. That’s essentially the rationale behind a couple of Big Pharma corporations’ decision to give a failed Alzheimer’s drug a second chance.
In early August, Pfizer and Johnson & Johnson said they were ending large-scale clinical trials of their experimental drug bapineuzumab in patients with mild to moderate Alzheimer’s disease, because patients taking it did not show signs of improved memory or thinking skills.
That was disappointing to millions of Alzheimer’s sufferers and their families, though the results of the trials were all but expected by researchers and investors who believed the drug had little chance to succeed.’
Monsanto Promises Pain to EU, Assault Underway
Friday, 13 July 2012
‘Since the introduction of genetically modified (GM) crops into the food supply in the mid-1990s, the European Union has generally resisted allowing these crops to be planted in member countries. This resistance has primarily been due to the fact that there is much debate over the potential harm that GM crops could do to the environment and other non-GM crops, and the potential harm that food containing genetically modified organisms (GMOs) may do to humans.
This resistance seems to be weakening, however, no doubt due to persistent pressure from Monsanto, the world’s leading biotechnology firm, and Monsanto’s many allies in the U.S. government.’
Read more: Monsanto Promises Pain to EU, Assault Underway
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The Bank of England Told Us to Do It, Claims Barclays
Thursday, 05 July 2012
‘A memo published by Barclays suggested that Paul Tucker gave a hint to Bob Diamond, the bank’s chief executive, in 2008 that the rate it was claiming to be paying to borrow money from other banks could be lowered.
His suggestion followed questions from “senior figures within Whitehall” about why Barclays was having to pay so much interest on its borrowings, the memo states.
Barclays and other banks have been accused of artificially manipulating the Libor rate, which is used to set the borrowing costs for millions of consumers, businesses and investors, by falsely stating how much they were paying to borrow money.’
Read more: The Bank of England Told Us to Do It, Claims Barclays
Banking Scandal: How Document Trail Reveals Global Scam
Monday, 02 July 2012
‘The interest rate rigging scandal that has engulfed Barclays was the result of a coordinated attempt at collusion by traders working for a coterie of leading banks over at least five years, according to a series of lawsuits and legal rulings filed in courts in Asia and North America.
The lawsuits allege the fraud was extensive, spanning at least three continents and involving trades worth tens of billions of pounds. The allegations raise further serious questions about the banks’ ability to police themselves and the role of senior management in monitoring the activities of their employees.
In a 28-page statement of facts relating to last week’s revelation that Barclays had been fined a total of £290m, the US Department of Justice discloses how a network of traders working on both sides of the Atlantic conspired to influence both the Libor and Euribor interest rates – the rates at which banks lend to each other. It was, in effect, a worldwide conspiracy against the free functioning of the market.’
Read more: Banking Scandal: How Document Trail Reveals Global Scam
Merck Vaccine Fraud Exposed by Two Merck Virologists; Company Faked Mumps Vaccine Efficacy Results for Over a Decade, says Lawsuit
Thursday, 28 June 2012 07:31
‘According to two Merck scientists who filed a False Claims Act complaint in 2010 — a complaint which has just now been unsealed — vaccine manufacturer Merck knowingly falsified its mumps vaccine test data, spiked blood samples with animal antibodies, sold a vaccine that actually promoted mumps and measles outbreaks, and ripped off governments and consumers who bought the vaccine thinking it was “95% effective.”‘
Barclays Settles Regulators’ Claims Over Manipulation of Key Rates
By BEN PROTESS and MARK SCOTT
Andy Rain/European Pressphoto AgencyA branch of Barclays in London.
Barclays has agreed to pay more than $450 million to resolve accusations that it attempted to manipulate key interest rates, the first settlement in a sprawling global investigation targeting many of the world’s biggest banks
The British bank struck a deal with regulators in Washington and London, as well as the Justice Department. The settlement is seen as the first in a series of potential cases against other major financial firms.
“When a bank acts in its own self-interest by attempting to manipulate these rates for profit, or by submitting false reports that result from senior management orders to lower submissions to guard the bank’s reputation, the integrity of benchmark interest rates is undermined,” said David Meister, the enforcement director of the Commodity Futures Trading Commission, the American regulator involved in the Barclays case.
Congress Sides with Monsanto over GMO Battle
Monday, 25 June 2012
‘Biotech giants Monsanto were awarded a victory by lawmakers in Washington this week after a congressional panel voted to let farmers plant genetically modified crops made by the agriculture company despite pending legal proceedings.
A committee made up of members of the US House of Representatives agreed on Tuesday this week to allow genetically modified crops manufactured by the Monsanto corporation and other biotech companies, including competitors Dupont Co., to continue to be used on American farmlands. The ruling comes despite a trove of legal challenges that have hindered full-fledged approval of some genetically modified organisms, or GMOs.’
Uruguay Unveils Plans to Allow Government to Sell Marijuana
Thursday, 21 June 2012 09:50
‘Uruguay’s national government has said it plans to send a bill to Congress that would allow it to sell marijuana, making it the first country in the world to do so. Under the plan, only the government would be allowed to sell marijuana and only to adults who register on a government database when buying the drug to keep track of their purchases over time.’
Read more: Uruguay Unveils Plans to Allow Government to Sell Marijuana
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