martes, 12 de abril de 2016

APR 12 16 SIT EC y POL



APR 12 16 SIT EC y POL

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Posted on April 12, 2016 by Eric Zuesse. 
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Rocky Springer, at one of the news sites that did publish it, rinf.com (there were four, all very small: those two, plus this and this) posted a comment calling my attention to yet a third federal criminal statute that she was violating there:

18 U.S. Code § 2071 – Concealment, removal, or mutilation generally
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(a)Whoever willfully and unlawfully conceals, removes, mutilates, obliterates, or destroys, or attempts to do so, or, with intent to do so takes and carries away any record, proceeding, map, book, paper, document, or other thing, filed or deposited with any clerk or officer of any court of the United States, or in any public office, or with any judicial or public officer of the United States, shall be fined under this title or imprisoned not more than three years, or both.
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IT IS TIME TO STOP HILLARY! .. NY: THE FUTURE OF US DEMOCRACY IS IN YOUR HANDS! .. Say NO to corrupted War Criminals!!  .. Say NO to Hillary Clinton!!
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Submitted by Tyler Durden on 04/12/2016
Joining the ranks of "broke lawyers" who can cancel their student debt, "Americans with disabilities have a right to student loan relief,” now according to Ted Mitchell, the undersecretary of education, said in a statement. Almost 400,000 student loan borrowers will now have an easier path to a debt bailout as Obama primes the populist voting pump just in time for the elections.
MORE DETAILS  in  ZERO HEDGE POLITICS, below.
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ECONOMICS

Here’s the problem in graphic form: from 1947 to 1979, the family income of the top 1% actually expanded less that the bottom 99%. Since 1980, the income of the 1% rose 224% while the bottom 80% barely gained any income at all.


Globalization, i.e. offshoring of jobs, is often blamed for this disparity, but as I explained in “Free” Trade, Jobs and Income Inequality, the income of the top 10% broke away from the bottom 90% in the early 1980s, long before China’s emergence as an exporting power. .. Indeed, by the time China entered the WTO, the top 10% in the U.S. had already left the bottom 90% in the dust.


The only possible explanation of this is the rise of financialization: financiers and financial corporations (broadly speaking, Wall Street, benefited enormously from neoliberal deregulation of the financial industry, and the conquest of once-low-risk sectors of the economy (such as mortgages) by the storm troopers of finance.
Keep Reading
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ZERO HEDGE
ECONOMICS
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"The catalyst for a balance sheet crisis is rarely the affordability of interest rates, so a 25bp rise in Fed rates is neither here nor there. Credit market risk is about assessing the likelihood of getting your money back. As such asset prices (i.e. equity markets) and asset price risk (i.e. equity volatility) are far bigger concerns. So all you need for a balance sheet crisis is declining equity markets, a phenomenon the Fed appears desperate to avoid. Now we know why."
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Chart Of The Day - Wall Street Vs. Main Street. Submitted by Tyler Durden on 04/12/2016
For those of us who recall how the mainstream media, compromised pundits and Wall Street welfare babies “sold” us on the unconscionable banker bailouts, we vividly remember a constant repetition of the invented and preposterous mantra that “helping Wall Street in turn helps Main Street.” This fantastical idea that the fortunes of Wall Street and Main Street are inextricably linked is, of course, total garbage and always has been.
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Now here’s a visualization of how badly Main Street has performed vs. Wall Street:
 

Here a quick view of that image:

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Submitted by Tyler Durden on 04/12/2016
The closing price of the S&P 500 on June 30, 2013 was $1,618. Today the index stands at $2,066, a 28% premium. To put it bluntly, investors today are paying an extra $450 per share for less.
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Submitted by Tyler Durden on 04/12/2016
"The catalyst for a balance sheet crisis is rarely the affordability of interest rates, so a 25bp rise in Fed rates is neither here nor there. Credit market risk is about assessing the likelihood of getting your money back. As such asset prices (i.e. equity markets) and asset price risk (i.e. equity volatility) are far bigger concerns. So all you need for a balance sheet crisis is declining equity markets, a phenomenon the Fed appears desperate to avoid. Now we know why."
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Earlier today, former central bank staffer and Dartmouth College economics professor Andrew Levin, special adviser to then Fed Chairman Ben Bernanke between 2010 to 2012, said something shocking. "A lot of people would be stunned to know” the extent to which the Federal Reserve is privately owned." Is the truth finally starting to come out?
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For the 20th month in a row, US Import Prices dropped YoY (down a worse than expected 6.2% YoY) with China exporting deflation at the fastest pace since 2009. The overall deflationary streak is the longest since 1999.
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Submitted by Tyler Durden on 04/12/2016 - 07:40
  • Gloomy start to results season hits shares (Reuters)
  • Stocks Rise Around World as Commodities Advance; Bonds, Yen Drop (BBG)
  • Oil hits 2016 high above $43 on producer meeting hopes (Reuters)
  • Rosneft chief Igor Sechin says low oil prices will not last (FT)
  • Banks Face Massive New Headache on Oil Loans (WSJ)
  • Wells Fargo Misjudged the Risks of Energy Financing (BBG)
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MISSING  NEWS  from yesterday
The systematic destruction of the American way of life is happening all around us, and yet most people have no idea what is happening.
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Everywhere you go, everything you do, and every which way you look, we’re getting swindled, cheated, conned, robbed, raided, pickpocketed, mugged, deceived, defrauded, double-crossed and fleeced by governmental and corporate shareholders of the American police state out to make a profit at taxpayer expense. "The Founding Fathers never intended a nation where citizens would pay nearly half of everything they earn to the government.”
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POLITICS



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The Department of Education will send letters to 387,000 people they’ve identified as being eligible for a total and permanent disability discharge, a designation that allows federal student loan borrowers who can’t work because of a disability to have their loans forgiven. The borrowers identified by the Department won’t have to go through the typical application process for receiving a disability discharge, which requires sending in documented proof of their disability. Instead, the borrower will simply have to sign and return the completed application enclosed in the letter.
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If every borrower identified by the Department decides to have his or her debt forgiven, the government will end up discharging more than $7.7 billion in debt, according to the Department.
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“Americans with disabilities have a right to student loan relief,” Ted Mitchell, the undersecretary of education, said in a statement. “And we need to make it easier, not harder, for them to receive the benefits they are due.”
About 179,000 of the borrowers identified by the Department are in default on their student loans, and of that group more than 100,000 are at risk of having their tax refunds or Social Security checks garnished to pay off the debt.

So it's a start - "broke lawyers" , "the poor" and "disabled Americans" get student debt relief. .. As we detailed previously, however, this is a drop in the bucket...

Borrowers hold $1.2 trillion in federal student loans, the second-biggest category of consumer debt, after mortgages. Of that, more than $200 billion is in plans with an income-based repayment option, according to the Department of Education and Moody’s Investors Service. For taxpayers the loans are "a slow-ticking time bomb," says Stephen Stanley, a former Federal Reserve economist who’s now chief economist at Amherst Pierpont Securities in Stamford, Conn.
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 The Congressional Budget Office estimates that, for loans originated in 2015 or after, the programs will cost the government an additional $39 billion over the next decade.

So that's a $39 billion taxpayer loss just on loans originated this year or later, and that could very well rise as schools begin to figure out that they can effectively charge whatever they want for tuition now that the government is set to pick up the tab for any balances borrowers can't pay (which incidentally is precisely what we said in March).
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 And finally, as a reminder, if things don't change, Student Debt could be $17 trillion by 2030...
Student Loan Debt is a cancer for our society. This misconception that getting a college education equals a steady career has been dashed by the recession. For-profit colleges pray on undereducated and low-income individuals. Text book prices have risen exponentially while the cost of a quality education has as well.
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SEE CHART- IMAGE LOCATION AT:
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As time goes on the city of Chicago is rapidly turning into a crime infested hell hole, rife with poverty, debt, and racial tension. The city is well on its way to joining the likes of Detroit, and there may be no escaping that eventuality. That’s why many of the city’s wealthy elites are getting the hell out of there. The Chicago Tribune reports that roughly 3,000 millionaires have left the city over the past year alone, which amounts to about 2 percent of their wealthy population. This is the largest exodus of wealthy people in the United States, and one of the largest in the world.
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Swiss Bank Whistleblower Claims PANAMA PAPERS WAS A CIA OPERATION
Submitted by Tyler Durden on 04/12/2016
This just further confirms my belief that this whole “leak” isn’t what we are being told. This is the work of an intelligence agency working on behalf of a particular government, not on behalf of the public. Don’t be duped.
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NICE IMAGE: useful to visualize Obama’s foreign policy .. Specially with ISIS
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ME & WORLD ISSUES
Russia's Dmitry Peskov just issued a statement that "there is hope" for a deal at Doha. This sent stocks and crude jumping once again... even though we suggest "hope" for a deal is not "a deal."
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On Sunday Ukrainian prime minister Yatsenyuk resigned, just four days after the Dutch voted against Ukraine joining the European Union. Taken together, these two events are clear signals that the US-backed coup in Ukraine has not given that country freedom and democracy. They also suggest a deeper dissatisfaction among Europeans over Washington’s addiction to interventionism.
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According to US and EU governments – and repeated without question by the mainstream media – the Ukrainian people stood up on their own in 2014 to throw off the chains of a corrupt government in the back pocket of Moscow and finally plant themselves in the pro-west camp. According to these people, US government personnel who handed out cookies and even took the stage in Kiev to urge the people to overthrow their government had nothing at all to do with the coup.
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When Assistant Secretary of State Victoria Nuland was videotaped bragging about how the US government spent $5 billion to “promote democracy” in Ukraine, it had nothing to do with the overthrow of the Yanukovich government. When Nuland was recorded telling the US Ambassador in Kiev that Yatsenyuk is the US choice for prime minister, it was not US interference in the internal affairs of Ukraine. In fact, the neocons still consider it a “conspiracy theory” to suggest the US had anything to do with the overthrow.
Keep Reading
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GLOBAL RESEARCH



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COUNTER PUNCH


The bombshell publication of the “Panama Papers,” leaked from a Panama law firm specializing in shell companies, has triggered both outrage and skepticism. In an April 3 article titled “Corporate Media Gatekeepers Protect Western 1% From Panama Leak,” UK blogger Craig Murray writes that the whistleblower no doubt had good intentions; but he made the mistake of leaking his 11.5 million documents to the corporate-controlled Western media, which released only those few documents incriminating opponents of Western financial interests.
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WASHINGTON BLOG


Goldman Sachs has finally admitted to committing fraud.  Specifically, Goldman Sachs reached a settlement yesterday with the Department of Justice, in which it  admitted fraud:
The settlement includes a statement of facts to which Goldman has agreed.  That statement of facts describes how Goldman made false and misleading representations to prospective investors about the characteristics of the loans it securitized and the ways in which Goldman would protect investors in its RMBS from harm (the quotes in the following paragraphs are from that agreed-upon statement of facts, unless otherwise noted):
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Posted on April 12, 2016 by Eric Zuesse.  

Rocky Springer, at one of the news sites that did publish it, rinf.com (there were four, all very small: those two, plus this and this) posted a comment calling my attention to yet a third federal criminal statute that she was violating there:
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18 U.S. Code § 2071 – Concealment, removal, or mutilation generally
..
(a)Whoever willfully and unlawfully conceals, removes, mutilates, obliterates, or destroys, or attempts to do so, or, with intent to do so takes and carries away any record, proceeding, map, book, paper, document, or other thing, filed or deposited with any clerk or officer of any court of the United States, or in any public office, or with any judicial or public officer of the United States, shall be fined under this title or imprisoned not more than three years, or both.
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NOTICIAS IN SPANISH


NUEVA IZQUIERDA EN EL PODER ABRE NUEVO CICLO HISTÓRICO EN PERÚ
LA LUCHA CONTINUARÁ Y CON MAYOR FUERZA

Ent. De C-Morsolin a Luis Huaman de Peru –Investigador FLACSO (Ec). 
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EXTRACT:
P: Quiénes ganaron y quiénes perdieron en estas elecciones?
R:  Quienes perdieron en este proceso electoral fueron la Alianza Popular (APRA), el PPC y Vamos Perú -Partido del Alcalde del Callao, Juan Sotomayor; y si ha logrado tener entre cinco a seis curules en el congreso es porque el JNE emitió, un día antes de las elecciones, que el porcentaje para no pasar la valla electoral es de 5% y no del 7% como fija la ley de organizaciones políticas. También perdió el PP de A.Toledo, que al no obtener el 5% no tendrá representantes en el congreso. Además perdieron el resto de partidos como Solidaridad Nacional, etc.
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Quien sí ha ganado es el partido agonizante Acción Popular con Alfredo Barnechea. Con el, AP re-ingresara a las elecciones del 2021. Otro partido que ganó,  es Democracia Directa de Goyo Santos:  ganó no solo por acumular cerca de un 3%, sino también porque lo hizo en condición de recluido, desde más de un año, desde el penal de Ancón L.
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También ganó el Frente Amplio con Verónica Mendoza, será la tercera fuerza mayoritaria del Congreso. Significa además, que para el 2021 tanto Verónica como Goyo seguirán representando las demandas, alternativa y propuestas de la izquierda. Por lo que, el panorama para el 2021 ya cuenta con dos candidatos de Izquierda.
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El sesgo pro-derecha del JNE fue lo mas lamentable.  
Por ejemplo, no expulso del proceso electoral al partido Fuerza Popular de Keiko Fujimori, pese a que hubo y se presentaron pruebas dando dinero a los electores la víspera de las elecciones en que jugo la selección Nacional. Ademas, un dia antres de las elecciones cedió a demandas del APRA para rebajar la valla electoral del 7 al 5%. Asi el APRA, PPC y Vamos Perú obtendrán de 5 a 6 curules al Congreso. En suma: hubo elecciones con JN sesgado, donde no todos fueron medidos con las mismas reglas.

P: ¿qué se espera de la segunda vuelta y el 2021: Cambio o continuidad?
R: Suponiendo que las elecciones se decidan entre Keiko Fujimori de Fuerza Popular y Pedro Pablo Kuczynski por Peruanos por el Cambio, lo más probable es que gane PPK, dado que Keiko Fujimori no tendría apoyo del Frente Amplio, que está en tercer lugar, ni de Acción Popular que está en cuarto lugar, y menos del partido de Alan García. Es decir, en una segunda vuelta, más de un 60% de votos iría para Peruanos por el Cambio. [Si nadie gana el 50%+1, quien decide? .. el actual Congreso..]

La izquierda con Verónica Mendoza ganó al estar tercero en el Congreso, y fue eso que se esperaba. Un tercer lugar que da pie a que la sociedad peruana este informada del proceso de la derecha. Si bien Keiko gobernara sin mayoría en el Congreso, y considerando que PPK no tiene diferencias sustantivas con su programa, es lógico concluir que habrá cogobierno y continuismo en el Peru. La lucha de Veronica será en defensa de los recursos naturales, y contra el negativo impacto ecológico del extractivismo que mata el planeta. Estos y muchos otros, son los desafíos de la izquierda de la izquierda del pueblo, de la izquierda con nueva  voz , la de los excluidos.

LEA además la respuesta a las preguntas:
Pregunta: ¿qué pasará con la actividad extractiva, los recursos naturales, y las poblaciones afectadas por los impactos negativos del extractivismo?
Pregunta: ¿Qué piensa de los conflictos en Cajamarca, Conga y Quilish, con un Frente Amplio en tercer lugar en el Congreso de la Republica
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PRESS TV


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