The problem arises when former officials use their clearances as bona fides to enhance their marketability for non-clearance jobs in the media or corporate world, particularly when those individuals are criticizing current government policies and behaving in a partisan fashion regarding specific candidates for office. Donald Trump was especially assailed by former officials John Brennan, James Clapper, Michael Hayden and Michael Morell before the 2016 election, all of whom continue to...
Read More »Alex Krainer — The Strangulation of the Russian Economy in the 1990s Was a Deliberate IMF policy
The foregoing article is an excerpt from Chapter 3 of my book “Grand Deception: the Truth about Bill Browder, Magnitsky Act and Anti-Russian Sanctions.” Part 1 is here. Part 2 is here. Shock therapy gave Russia one of the worst and longest economic depressions of the 20th century, an unprecedented humanitarian catastrophe for a peace time crisis, and a criminally inequitable privatization of public assets. The reasons why things happened this way in Russia generally aren’t well understood...
Read More »Martin Armstrong — Magnitsky Act & the Cover-Up of Unprecedented Corruption
Not only Browder but other American predators preying on Russia in the Yeltsin years. Armstrong saw it up close as an investor in Browder's fund, Hermitage Capital.Armstrong EconomicsMagnitsky Act & the Cover-Up of Unprecedented Corruption Martin ArmstrongSee alsoAnother Banned Documentary Hidden from Americans Concerning Russia AlsoWhy is Former Ambassador Refusing to be Questioned by Russians?
Read More »Diane Coyle — Our Gilded Age (India version)
Short review of FT’s former Mumbai bureau chief James Crabtree’s The Billionaire Raj. The theme of the book is corruption, and its co-evolution with the Indian economy as the ‘licence raj’ restrictions were progressively removed, and new sectors like telecoms grew dramatically. In this new world, the super-wealthy businessmen and the politicians found they needed each other: the deployment of legislation and contracts helped the former, the opportunity to take part in business helped the...
Read More »Jake Johnson — Elizabeth Warren: Democrats Will Keep Losing Until the Entire Party Is ‘Willing to Take on the Billionaire Class’
"Money is going to drown our democracy, and if we don't start fighting back, and fighting back more aggressively, then we are part of the problem as well." Yep. Common DreamsElizabeth Warren: Democrats Will Keep Losing Until the Entire Party Is 'Willing to Take on the Billionaire Class'Jake Johnson, staff writer
Read More »Jerri-Lynn Scofield — Tyler Cowen, Koch Brothers Funding, Mercatus Center, George Mason University, and Academic Freedom
Subversion?Naked CapitalismTyler Cowen, Koch Brothers Funding, Mercatus Center, George Mason University, and Academic FreedomJerri-Lynn Scofield
Read More »Christine Lagarde — Shining a Bright Light into the Dark Corners of Weak Governance and Corruption
I am gratified that nine countries—the entire G7 plus Austria and the Czech Republic—have already volunteered for this assessment. This is a major vote of confidence in the new framework. IMF gets a new club to beat the emerging world that is now challenging the West. What's the likelihood of the IMF dealing with corruption in the West. This looks to be just another tool in the box of neoliberalism.Most countries are affected by corruption of one form or another. Corruption in so-called...
Read More »Bill Mitchell — The Left propaganda that the state is powerless – continues
When we published our latest book – Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World – last September, Thomas Fazi and I approached the UK Guardian to see if they would publish an Op Ed by us summarising the main arguments presented in the book. We received no response. Pluto tell us that the book is one of their better sellers since it was published. And it is not as if the topic is irrelevant in the Guardian’s assessment. That is clear from the fact...
Read More »Robert Wright — Overdoing the Russia Thing
I hate to obsess over the Resistance’s obsession with this whole Russia thing, but: This week brought (1) a fresh reminder that Russia is far from the only country whose influence on American politics bears watching; and (2) a reminder of the (as economists say) “opportunity cost” of spending so much time watching Russia. On Wednesday the New York Times reported that the United Arab Emirates had steered $200 million to a Republican National Committee official, apparently in an attempt to...
Read More »James Pogue — The GOP’s Biggest Charter School Experiment Just Imploded
Now, with ECOT imploding, some state politicians have floated the idea that Lager, who has made millions in profits off the school and come a long way from the Waffle House, should be personally held responsible for paying back some of the $80 million owed to the state. But while the coming days will reveal if the political will or mechanisms exist to make this happen, it’s unclear how he might ever be held accountable because the real scandal is that ECOT grew up legally, with the support...
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