Tag Archives | Corruption
Wondering how much it costs to buy off the police department? JP Morgan Chase just gave the New York City Police Foundation the largest donation in its history. How the police show their gratitude will presumably determine whether they receive similar donations from companies in the future. Via Naked Capitalism:
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No matter how you look at this development, it does not smell right. From JP Morgan’s website, hat tip Lisa Epstein:
JPMorgan Chase recently donated an unprecedented $4.6 million to the New York City Police Foundation. The gift was the largest in the history of the foundation and will enable the New York City Police Department to strengthen security in the Big Apple. The money will pay for 1,000 new patrol car laptops, as well as security monitoring software in the NYPD’s main data center.
New York City Police Commissioner Raymond Kelly sent CEO and Chairman Jamie Dimon a note expressing “profound gratitude” for the company’s donation.
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Bailouts. War. Unemployment. Our government is bought, and we’re angry. Now, we’re turning our anger into positive action. By signing this petition, you are joining our campaign to get money out of politics. Our politicians won’t do this. But we will. We will become an unrelenting, organized wave advocating a constitutional amendment to get money out of politics.
As the petition grows, we can use on The Dylan Ratigan Show on MSNBC as a platform to force this issue to the center of the 2012 elections. From our former Washington lobbyist, Jimmy Williams, here is a DRAFT of our constitutional amendment:
“No person, corporation or business entity of any type, domestic or foreign, shall be allowed to contribute money, directly or indirectly, to any candidate for federal office or to contribute money on behalf of or opposed to any type of campaign for federal office. Notwithstanding any other provision of law, campaign contributions to candidates for Federal office shall not constitute speech of any kind as guaranteed by the U.S.
Already the projections are in—not for who is going to win the election in 2012—but for how much it is likely to cost.
Public Radio International concludes: “Campaign spending in the 2012 US election could reach $6 or 7 billion dollars as outside groups pay for electoral influence.”
Here we are in the middle of a deep recession that’s getting deeper by the day, with austerity the unofficial slogan du jour while Republican scheme up new ways to trim, cut and decimate government spending, and parties are spending billions on political horse races.
They decry government spending but they don’t talk much about their own spending, do they?
And neither do the Democrats who are also backing an orgy of spending cuts if only to show their opponents how “responsible” they are.
As both parties slash spending that benefits people, they are in a manic overdrive effort to raise more for themselves and their campaigns.… Read the rest
DURBAN, SOUTH AFRICA: Twenty one years after Nelson Mandela walked free, corruption has become the issue du jour in South Africa.
Even president Jacob Zuma who narrowly slithered out of a corruption trial before his election is blasting corruption in the ranks of the African National Congress which came to power as the morally superior alternative to an apartheid regime that shamelessly used the wealth it controlled to benefit Afrikaners and deprive the black majority of services.
“Let’s make a plan,” were the code words members of the all white National Party used to scheme ways of stealing state resources to benefit themselves, a cozy reality overshadowed by the vicious racial policies that outraged the world.
As the ANC prepared to win power democratically, there was concern among leaders that a deprived black majority might feel it was “their turn” and thus, their right to cash in on their political victory.… Read the rest
Kelly Carr and Brian Grow recently reported in Yahoo Finance:
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The secretive business havens of Cyprus and the Cayman Islands face a potent rival: Cheyenne, Wyoming.
At a single address in this sleepy city of 60,000 people, more than 2,000 companies are registered. The building, 2710 Thomes Avenue, isn’t a shimmering skyscraper filled with A-list corporations. It’s a 1,700-square-foot brick house with a manicured lawn, a few blocks from the State Capitol.
Neighbors say they see little activity there besides regular mail deliveries and a woman who steps outside for smoke breaks. Inside, however, the walls of the main room are covered floor to ceiling with numbered mailboxes labeled as corporate “suites.” A bulky copy machine sits in the kitchen. In the living room, a woman in a headset answers calls and sorts bushels of mail.
A Reuters investigation has found the house at 2710 Thomes Avenue serves as a little Cayman Island on the Great Plains.