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2010 April 21 | Activist News

The Road to World War 3

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Edward Snowden

Open Letter To Obama

July 26, 2013 President Barack Obama The White House 1600 Pennsylvania Avenue, N.W. Washington, D.C. 20500 Re: Civil Disobedience, Edward J. Snowden, and the Constitution Dear Mr. President: You are acutely aware More »


U.S. Companies Pay Just One-Third Of The Legal Tax Rate: GAO Study

Huffington Post July 1, 2013 By Mark Gongloff Big, profitable U.S. companies paid an average federal tax rate of less than 13 percent in 2010, according to a new study — or More »

jeff olsen

Man Tried for Chalk Drawings Found Not Guilty

NBC San Diego July 1, 2013 By Christina London The man accused of vandalism for drawing with chalk outside banks has been found not guilty on all charges. A jury returned its More »


The Bigger Story Behind the AP Spying Scandal

Washington’s Blog/Global Research May 20, 2012 By George Washington Attack on the Press You know that the Department of Justice tapped scores of phone lines at the Associated Press. You might have More »

Daily Archives: April 21, 2010

Awarding of Brazilian dam contract prompts warning of bloodshed

Indigenous leader says men are preparing their bows and arrows to prevent construction of the Belo Monte dam

Tom Phillips in Rio de Janeiro
guardian.co.uk, Wednesday 21 April 2010 17.01 BST

Brazil awards a domestic consortium the massive Belo Monte Amazon dam amid protests from environmental and indigenous rights activists Link to this video

Indigenous leaders in Brazil are warning of imminent violence after a successful tender for the rights to construct a giant hydro-electric plant in the Brazilian Amazon which opponents claim will wreak havoc on the rainforest and its inhabitants.

link – http://www.guardian.co.uk/environment/2010/apr/21/contract-belo-monte-dam

Activists Dismayed at U.S. Reaction to Sudan Polls

By Jim Lobe*

WASHINGTON, Apr 20, 2010 (IPS) – Activist groups called here Tuesday for the administration of President Barack Obama to hold the Sudanese government accountable for what the White House itself called “serious irregularities” in carrying out the past week’s elections.

“President Obama must lead world leaders to not recognise (President Omar al-) Bashir as a legitimately elected leader and to press for meaningful steps towards political freedom in Sudan in the run-up to next year’s referendum to determine independence for South Sudan,” said Mark Lotwis, acting president of the Save Darfur Coalition, in one of a series of statements issued by various groups expressing disappointment with Washington’s reaction to the vote.

*Jim Lobe’s blog on U.S. foreign policy can be read at http://www.ips.org/blog/jimlobe/.

link - http://www.ipsnews.net/news.asp?idnews=51128

Goldman’s Earnings Fail to Shift Focus From Case

New York Times
April 20, 2010
Nelson D. Schwartz

On Wall Street, the numbers usually speak for themselves.

But for Goldman Sachs, even a blockbuster earnings report on Tuesday failed to shift attention away from the fraud accusations leveled last week by the Securities and Exchange Commission.
The firm earned nearly twice as much as it made in the first quarter of 2009, but even so, Goldman Sachs executives were mostly answering questions about the S.E.C. suit rather than the stellar results, which easily surpassed expectations, and the company’s stock fell $3.34, to $159.98 a share.

link - http://www.nytimes.com/2010/04/21/business/21goldman.html?src=busln

A Finance Overhaul Fight Draws a Swarm of Lobbyists

New York Times

By Edward Wyatt and Eric Lichtblau

Assessing the battle to overhaul the nation’s financial regulations recently, Jamie Dimon, the chief executive of JPMorgan Chase, left no doubt about the consequences if Congress cracked down on his bank’s immense business in derivatives, Edward Wyatt and Eric Lichtblau report in The New York Times.
“It will be negative,” he said. “Depending on the real detail, it could be $700 million or a couple billion dollars.”
With so much money at stake, it is not surprising that more than 1,500 lobbyists, executives, bankers and others have made their way to the Senate committee that on Wednesday will take up legislation to rein in derivatives, the complex securities at the heart of the financial crisis, the billion-dollar bank bailouts and the fraud case filed last week against Goldman Sachs.

Go to Article from The New York Times »

SEC chief pledges better oversight of banks

By ALAN ZIBEL, AP Business Writer
Tuesday, April 20, 2010

The chairman of the Securities and Exchange Commission on Tuesday pledged better oversight of the nation’s largest banks after criticism that the agency failed to spot accounting tricks at investment bank Lehman Brothers before it collapsed.
Chairman Mary Schapiro told a congressional panel that the agency has sent letters to 19 banks seeking information about whether they are using accounting tricks that a bankruptcy examiner said masked the bank’s precarious financial condition. Lehman failed in September 2008 in the largest corporate bankruptcy in U.S. history.