Third Party & Independents Archives

Movement To Abolish Corporate Personhood Growing Fast

A little more tautology regarding the too close relationship between corporations and gov’t. The Washington Post provides a breakdown on businesses employees donations to Obama’s campaign and the DNC over the past 5 months.


Microsoft $316.762
Google $248,593
Chopper Trading $222,100
Comcast $214,313
Harvard Univ $202,739
Skadden Arps $188,140
Estee Lauder $169,100
Stanford Univ $165,394
DLA Piper $156,110
Milbank Tweed $136,300
Goldman Sachs Group $132,761
Citigroup $131,522
Bain Capital $119,930
Taconic Capital Advisors $114,900
Creative Artists Agency $113,400
Wilson Sonsini Goodrich & Rosati $109,285
MF Global $108,650

MF Global declared bankruptcy on Monday and reports are that hundreds of millions are missing from client accounts. Jon Corzine, MF Globals chair/CEO, and ex-governor of NJ has raised at least $500k for Obama/DNC. Over 350 DNC 'bundlers' have raised at least 50k each and 40 have raised more than $500k each. Obama has raised $15.6M from the financial industry for his reelection and the DNC.

One can speculate as to why the corporations work to keep the political larders full up. Somewhat enlightening is a Washington Post report on a 3 year study on corporate taxation. We hear much about the 35% corporate tax rate. An examination of 280 corporations found that 30 paid zero taxes or used loopholes to end up with negative tax rates. The electric utility company, PEPCO, came in at a minus 58%, GE -45.3%, Paccar -30.5%, PG&E -21.2%, Computer Sciences -18.3, NiSource -16.4, CenterPoint Energy -14.7, Tenet Healthcare, -11.6, Atmos Energy -11.6, Integrys Energy Group -11.3% and another 20 companies coming in between -10% and 0%.

As a group the companies earned about $1.4T in pretax profits and claimed $223B in subsidies with Wells Fargo, AT&T and Verizon topping the list.

Recently, 70 people were arrested in drug raids uncovering large quantities of marijuana, cocaine and others. Estimates are the business brought in $2B over 5 years, importing shipments via car, plane, foot, and tunnel while trafficking guns, drugs, and people. So much money sloshing around you would just have to believe corporations are in there getting 'their fair share'. Corporations claim to be persons but they can't be sent to jail and, if people are harmed, a relatively small fine will take care of that.

Here is an http://www.bloomberg.com/news/2010-06-29/banks-financing-mexico-s-drug-cartels-admitted-in-wells-fargo-s-u-s-deal.html article that relates how some big banks have been cashing in on the drug business by laundering blood money for the cartels. "Wachovia admitted it didn't do enough to spot illicit funds in handling $378.4 billion for Mexican-currency-exchange houses from 2004 to 2007. That's the largest violation of the Bank Secrecy Act, an anti-money-laundering law, in U.S. history -- a sum equal to one-third of Mexico's current gross domestic product." But, they are just banks, how could they know?? True, corporations are persons but we shouldn't expect them to have brains, etc.

Then there is the every day, meat and potatoes, approach to the gov't-business (corpocracy) relationship. The Washington Post reports that a Senator Currie of Maryland is in federal court for taking $245k from Shoppers Food Warehouse to represent their cause in the Maryland legislature. He intervened with state officials on the chain's behalf to secure financing to redevelop a mall; to gain a liquor license; and to install traffic lights and improve intersections near the chain's stores. And, so it goes.

Noteworthy that the Federal Reserve has sharply downgraded its projections for the US eonomy, suggesting that weak growth and high unemployment will be the norm for years. The FED met Wednesday and took no action to boost growth, leaving ultra-low interest rates unchanged. Everything seems on schedule according to the Corporcratic plan. Corporations are conglomerating up around the world, immigrants still coming in to keep pressure on the jobs market. A jobless future as the norm will, with certainty, over time achieve the goal of the Corpocracy in driving wages and expectations down.


The movement to abolish corporate personhood is growing rapidly. Here are a couple of urls that relate:

http://movetoamend.org/publications-talks/zepernick-history-corporate-personhood-and-strategy-overturning-it

http://reclaimdemocracy.org/personhood/personhood_timeline.pdf

http://www.uuworld.org/ideas/articles/157829.shtml

Otherwise, we have the Corpocracy we deserve

Posted by Roy Ellis at November 4, 2011 6:14 PM
Comments
Comment #331514

The globalised society really just prefers US taxpayer dollars.

Excerpt from the below url: “To solve the political deadlock that threatens to bring down his government and slow down implementation of reforms, Berlusconi said he had asked the IMF to check up on the country’s progress in implementing the measures with periodic, public reports.
The most likely way the eurozone could still get additional financing is through a special account under the auspices of the IMF, into which individual countries could make payments.

Those investments in turn could then be used to boost the eurozone’s own bailout fund, the €440 billion ($606 billion) European Financial Stability Facility. That way, countries such as the United States, which think Europe should pay for its own financial problems, wouldn’t have to put any money in. And countries like Russia and Brazil, which have expressed interest in investing in the eurozone, could.
But Merkel and IMF chief Christine Lagarde both said not a single country at the two-day meeting made a firm commitment to participate.


http://www.pennlive.com/newsflash/index.ssf/story/imf-role-in-spotlight-at-g20-summit/54430e385a934a2898c9714c724e7322

Posted by: Roy Ellis at November 4, 2011 10:56 PM
Comment #331564

I saw part of a Lou Dobbs clip where he noted that we have to move to another world economic stability system rather than continue to dole out money to the IMF to give to this or that failing country(ies). Europe is going to lay down and cry out ‘help, help, I’ve fallen and I can’t get up’, until we kick in to the IMF to pump some gas into the EURO, IMO.

Barry Ritholtz has an informative article in today’s Washington Post. He relates that a big lie is being pandered as to what caused the financial crisis. The lie is that over-strict regulation of financials. He quotes Bloomberg, “It was not the banks that created the mortgage crisis. It was, plain and simple, Congress who forced everybody to go and give mortgages to people who were on the cusp.”

Then Pearlstein lays it out: (excerpts

Fed Chair Alan Greenspan dropped rates to 1 percent to levels not seen for half a century, and held them there for an unprecedented time. This caused a spiral in anything priced in dollars; gold, oil, housing, stocks.
Asset mgrs turned from muni’s to high yield mortgage backed securities w/o understanding the risk and they relied on credit ratings agencies who were placing AAA ratings on junk securities claiming they were as safe as US Treasurys.

Also, derivatives had become a uniquely unregulated instrument exempt from all oversight, counter-party disclosure, exchange listing requirements, state insurance supervision and, most important, reserve requirements. In 2004, the SEC changed the leverage rules for just five Wall St. banks allowing Goldman Sacs, Morgan Stanley, Merrill Lynch, Lehman Brothers and Bear Sterns to leverage as high as 40-to-1.

Demand for higher yielding paper led to the bundling of mortgages, the highest being subprimes. This market was dominated by non-bank originators exempt from most regulations. The ‘originators’ lend-to-sell-to-securitizers model had them holding mortgages for a very short time. This allowed them to be creative, abdicating traditional lending metrics such as income, credit rating, debt-service history and loan-to-value. Innovative mortgage products were developed targeting subprime borrowers; 2/28 adjustable-rate mortgages, interest=only loans, piggy-bank mortgages and the notorious negative amortization loans (borrower’s indebtedness goes up each month). To keep up banks developed automated underwriting software which was gamed by employees paid on loan volume, not quality.

Glass-Steagall, which kept Wall St walled off from Main St was repealed in 1998. This allowed FDIC insured banks, whose deposits were guaranteed by gov’t, to engage in highly risky business.

In 2004, the Office of the Comptroller of the Currency preempted state laws regulating mortgage credit and national banks. National banks began to sell increasingly risky loans in those states. Shortly thereafter, default and foreclosure rates skyrocketed.
In brief, Congress allowed Wall Street to self-regulate the financial sector and the FED turned a blind eye to bank abuses. End excerpt.

Steve Pearlstein related in a Washington Post article that SEC regulation of Mutual Funds was circumvented whereby securities lawyers came up with the idea of setting up shell companies in the Cayman Islands for the sole purpose of investing in commodity futures and swaps, thus, escaping oversight for the Commodities Futures Trading Commission. Pearlstein says little has changed in the financial services industry since the crisis of 2008. “The industry is still engaged in clever games to circumvent regulation, increase risk and find the cracks between one regulatory agency and another.” He says there is about to be a commodities bubble, one that will generate big fees for Wall St and leave a mess for the public.

The real crux of the problem comes from the money influence in politics/gov’t. There is little one congress can do that can’t be undone by the next congress. The better way to remove the money influence is through a 3rd party with the primary goal(s) of abolishing corporate personhood law and implementing REAL campaign finance reform and providing some oversight for party members elected/appointed to gov’t positions. Check out the Republic Sentry Party for details.

Otherwise, we have the Corpocracy we deserve.

Posted by: Roy Ellis at November 6, 2011 7:58 PM
Comment #331565

“then Pearlstein lays it out” to “then Ritholtz lays it out”

Posted by: Roy Ellis at November 6, 2011 8:02 PM
Comment #331654

30 companies paid NO TAXES from 2008-2010; but got MASSIVE federal subsidies

http://garystlawrence.wordpress.com/2011/11/07/30-companies-paid-no-taxes-from-2008-2010-but-got-massive-federal-subsidies

Posted by: Gary St. Lawrence at November 8, 2011 12:15 AM
Comment #331681

Gary, no reason to expect improvement so long as there is little accountability for elected officials. Going to take a hard core 3rd party with a diff pol attt …

Posted by: Roy Ellis at November 8, 2011 9:53 PM
Comment #359342

Yet, only recommending for the symbol associated with Fendi Purses and replica watch do not match your person. Looking forward to below wholesale Fendi wholesale bags usually means no longer daydreaming around delivering your personally own collecting Fendi designer watches uk.One are only able to picture the escalating nausea of buyers the moment programs involving low cost Burberry affordable Breitling replica watches not to mention general Fendi purses and bags show up.

Posted by: replica watches at December 23, 2012 10:10 PM
Comment #362872

Nike Free 3.0 Shoes barefoot series of running shoes is one of the last couple of years, most the Nike fans favorite Nike Free 3.0 V4 running shoes.The series generally forefoot Waffle husband outside shading road design, has raised friction block has extremely suitable for running grip, and can be dispersed impact, make running more comfortable. The heel BRS1000 carbon fiber rubber, more wear-resistant, good grip, but the intense friction will leave a black mark on the ground.If Nike Free 3.0 Womens flexibility rating, 0.0 for barefoot running, 5.0 for ordinary running shoes. Nike Free Run Shoes running shoes introduced a FREE 3.0, Nike Free 3.0 V3 , FREE 7.0 FREE EVERYDAY FREE RUN + FREE style.nikefree30shoessale130315


Cheap Air Jordan Shoes series shoes are far ahead of other products in the sales and market demand, Air Jordan Retro 1 and set up one after another higher design, innovation and functionality benchmark year for the entire Air Jordan 4 industry. The core product is the perfect combination of athletes and technology - the most dazzling history of basketball star Michael Air Jordan 11, and accompanied by the the superstar experience the brilliant career of Cheap Jordan 4 Shoes, highlights his relentless pursuit of functionality, innovation and achievement.cheapairjordan4sale130315

Posted by: Nike Free 3.0 Womens at March 15, 2013 4:41 AM
Comment #363319

If you are looking for horses for sale NSW, there are a number of purchase options open to you.Just like buying a horse in person,there are a number of things that you have to look out for when you buy a horse over the internet,Cheap Ray Ban Sunglasses Outlet and the steps that you should follow differ slightly from the regular horse purchasing process.ray ban sunglasses The one thing that someone who has not purchased a horse online before will most likely be concerned about is the fact that they are not able to see the horse in real life before buying it. If you allow the vetting to be done by the horse owners usual vet or a vet with whom the owner is familiar, the vet might be inclined to be more lenient than he or she should be.Ray Ban Sunglasses Outlet UKYou should always insist that every detail be covered during the vetting, and you should have a list prepared beforehand of all the tests that the vet must do. One of the main concerns that most business owners have that deal with products and money in their place of business is theft. Cheap Ray Bans UKThe popular option for boys is blue while pink is the favorite color selected for girls.

Posted by: Cheap Ray Ban Sunglasses at March 25, 2013 8:50 PM
Comment #363320

If you charge to buy mp3 songs over the internet, Beat By Dre Cheap sale it is in actuality capital to buck in apperception you’ve a few opportunities to aces from hd solo beats by dre. You could either admission abstracted songs and collections, beats by dre hd solo red or artlessly you may alone admission a account cable beats dre studio.Beats By Dre Outlet Both of the alternatives accept their absolute aspects and asable-bodied abrogating aspects about beats by dre. In eactual book, solo beats dr dre you will absolutely charge to accumulate in apperception your own affirmationed appropriate wishs with commendations to accepting adjustment that you artlessly would absolutely like to try beats by dre usa.Fake Beats By Dre buck in apperception even ifever you buy bargain MP3 songs, beats by dr dre studios cheap the accurate abiding amounts adeptness be ample design your own beats by dre.

Posted by: Beats By Dre Outlet at March 25, 2013 8:56 PM
Comment #363590

wengxy Who is to follow the previous winners, Mayor Michael Bloomberg, New York City; Roelof Wittink, Dutch Cycle Clothing Embassy; Lake Sagaris, Ciudad Viva; and Randy Neufeld, SRAM Bike Cycling Jerseys Fund.When a new version of Cheap Jordans comes on the market, kids are clamoring to buy the newest version of these wildly popular sneakers. Some kids even want more than one pair of the sneakers. Authentic Jordans 11 concords. When Michael Jordan Shoes wore them for his NBA matches in 1985, the NBA expressly forbade him by objecting to the vibrant colour scheme of his shoes.How was Jordans for sale conceptualized? In 1984, Nike was lagging far behind in the fast paced sportswear market. Nike was branded as the White Man Jogging Brand and had absolutely no claims in the basket ball world.Although Jordans sale is the only one pair of words appeared in Retro Jordans Flight basketball shoes, but the Flight series of design concepts are out and out into the Air jordans 1 series design.This is the second Louis Vuitton Canada store in the destination.Louis Vuitton Handbags sale opened a second location following the huge success of the first one and an impressive demand for luxury products in the destination.

Posted by: Cheap Jordans at April 1, 2013 4:28 AM
Comment #363629

linlin 402 Buy Wholesale Products from China, Wholesale Jordans Jordans Saleshoes and cheap clothes.The Sunglasses Shop sent them to me and also offered to give away a pair of Oakley sunglassesOakley Holbrook sunglasses on CNC.Cheap Jordans Oakley Holbrook sunglassesare available in many sneakers retail outlets and to make sure that you will end with the best choice.Cheap jordansreal jordans online/ shoes self apart from pretty much anything else that out there.Past Air Jordan Air Jordans for salereleases have been equally chaotic, including a December shoe release at a Huntsville mall.About 50 to 75 people were waiting in line at the Madison Square Mall for the $185 Air Jordan Retro Air JordansBred 11 shoes.his shoes include high quality CheapNikeNike sales Free Runs and most popular WomensNike Fre.

Posted by: Air Jordan at April 1, 2013 11:48 PM
Comment #363977

Nike Free Run series of running shoes is Nike Free Run 2 market in 2005 when, Nike Free Run 3 feet simulation barefoot feeling, Nike free run shoes can let your feet activities, bending and seize the ground, Nike free run womens like barefoot running. FREE soft running shoes suitable for any design of the Nike Free 3.0 from the Nike Free 3.0 V4 last. The last of the traditional Nike Free 4.0 V2 with pointed flat model. Nike Free Run 2 with shoe tree closer to barefoot morphology. Wrapped in the manner of the Nike Free Run 3 last and the materials used and makes the whole design barefoot feel closer. Nike Free 5.0 V4 Flexible soles and uppers of support to achieve harmony, Nike Free Haven 3.0 the degree of elasticity of the sole must be Nike Free 3.0 V3 consistent with the degree of support of the vamp. Nike Free Run 2 Womens Barefoot running simulation or http://www.nikefreerun3shoe.com will be greatly reduced.

Posted by: Nike Free 3.0 Womens at April 9, 2013 8:32 PM
Comment #367825

BMW official said the BMW i3 concept car is zero-emission electric drive models models developed specifically for urban environments. Its body length and breadth were 3845mm/2011mm/1537mm, wheelbase 2570mm. Equipped with the output reaches 125kW (170 horsepower) electric motor, gm tech 2 maximum torque of 250N · m, and the rear-wheel-driven approach, coupled with the LifeDrive architecture of the BMW i3 special body structure, to ensure its cruising mileage of 150km. The new car 0-100km / h acceleration time will be less than 8 seconds.

BMW i3 concept car uses a so-called “LifeDrive architecture (see the second page of this point what is LifeDrive)”, for the full carbon fiber body design, it will also be the first main body made of carbon fiber material production car . Thanks to this new architecture and CFRP (carbon fiber reinforced composites) technology, the BMW i3 body weight than conventional electric cars to reduce the 250-350kg, the vehicle weighs just 1250kg. In addition, Mb Star C3 Pro although the BMW i3 body is not, but four designs, 200 liters of luggage capacity, fully meet the needs of everyday use.

In the charge, the charge if normal power, you need six hours filled; using high-speed charger as long as one hour to complete 80% of the battery charge. Note that, if consumers need greater range of activities that have a longer mileage of demand, BMW can also provide a small displacement gasoline engine to provide energy, the engine to charge the battery to ensure that the vehicle driving, Lexia3 PP2000 BMW says the system is Range extender. After the installation of the system on the BMW i3 is no longer a real sense of pure electric vehicles and plug-in hybrid has become a while this and the Chevrolet Volt concept is the same.

Posted by: Auto Diagnose scanner at July 3, 2013 4:06 AM
Post a comment