Tag Archives: corruption

Foreign real estate is a favorite vehicle. You probably know that Al Capone was prosecuted on tax evasion, but did you know the details? Al Capone had a problem: he needed a way to disguise the enormous amounts of cash generated by his criminal empire as legitimate income. His solution was to buy all-cash laundromats, mix dirty money in with clean, and then claim that washing ordinary Americans’ shirts and socks, rather than gambling and bootlegging, was the source of his riches....

What Private Eye has failed to investigate is how Chernukhin has been able to import and invest a fortune in the UK, with the imprimatur of the British Government, financial regulators, and banks – a fortune whose origin when he was a state official in Moscow Chernukhin declines to explain.... On the say-so of Kasyanov and Kudrin, Chernukhin supervised VEB’s takeover of most Russian pension fund contributions; management of Soviet-era debts owed to Moscow by states like Czechoslovakia and...

Corruption watch. The new "Nigerian" scam is now Israeli.Mint Press NewsThanks to Government Inaction, Israel Has Become a Haven for International Scammers and Fraud Allison WeirThen there is the land grab at the state level.Moon of AlabamaNetanyahoo's Likely Fall Destroys Trump's Middle East Strategy

As noted in my previous post on this, there was a good chance that the Neo-Fascist candidate Jair Bolsonaro would win the election in Brazil. And he did, with approximately 39 percent of all votes. There are only a few things that I want to point out about this. The Workers' Party (PT) candidate received about 32 percent of all votes. Note that 29 percent or so did not vote, in one way or another. So PT maintained almost one third of the electorate in this election, while its rival in...

There is one big lesson from the Danske Bank money laundering scandal. Regulating the modern banking system does not work. Modern banks are now primarily giant hedge fund managers speculating on financial assets or they are conduits for tax avoidance havens for the top 1% and the multi-nationals.… John Horan, senior associate at Maze Investigation, Compliance and Training Ltd. in Belfast, says money laundering is a Europe-wide problem. “dark money will almost certainly continue to flow...

The front groups that have been funded for decades by billionaires Charles and David Koch, majority owners of the fossil fuels conglomerate, Koch Industries, are determined to put Brett Kavanaugh on the Supreme Court because he has demonstrated a willingness to write decisions favorable to gutting regulations on greenhouse gas emissions. Whether Kavanaugh has a history of sexual assaults is irrelevant to that agenda. As recently as last evening, a dark money group that keeps its donors a...

Dark money and conflict of interest on SCOTUS. Sex scandal is just a canard. The real issues go far deeper. Not that the sex scandal is immaterial. In fact, the GOP seems to have decided it doesn't need educated white women after having previously decided that it doesn't need college-educated white males and non-whites. The "Big Tent" has narrowed to not-college white males and Evangelicals.Wall Street On ParadeThe Kavanaugh Nomination’s Money Trail Leads Back to Clarence Thomas Pam...

OP-EdArmstrong EconomicsWhat Politics Regards us as the Great Unwashed & We the Subjects not People Martin Armstrong

One of the principle ways in which so-called progressive political parties (particularly those in the social democratic tradition) seek to differentiate themselves from conservatives is to advocate large-scale public infrastructure investment as a way of advancing public good. You can see evidence of that in most nations. Nation-building initiatives tend to be popular and also are less sensitive to the usual attacks that are made on public spending when income support and other welfare-type...

'Government' in the UK...and elsewhere...is a function of a corrupt relationship between politicians and vested interests from the corporate sector and foreign lobbyists. Mark GB highlights the depths of the systemic problem. ******* You won’t find accountability on an organisational chart; because it is a function of character: it’s not about how ‘smart’ you are, it cannot be ‘bought’, and you’ve either led a life that has nourished it…or you haven’t. Clearly, this is not just a...