Tag Archives | Globalization

U.S. Identifies $1 Trillion In Mineral Deposits In Afghanistan

MINERAL-articleLargeThe war in Afghanistan looks like it just got a lot bigger and longer. The New York Times reports:

The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan, far beyond any previously known reserves and enough to fundamentally alter the Afghan economy and perhaps the Afghan war itself, according to senior American government officials.

The previously unknown deposits — including huge veins of iron, copper, cobalt, gold and critical industrial metals like lithium — are so big and include so many minerals that are essential to modern industry that Afghanistan could eventually be transformed into one of the most important mining centers in the world, the United States officials believe.

An internal Pentagon memo, for example, states that Afghanistan could become the “Saudi Arabia of lithium,” a key raw material in the manufacture of batteries for laptops and BlackBerrys.

Instead of bringing peace, the newfound mineral wealth could lead the Taliban to battle even more fiercely to regain control of the country.

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Bilderberg Agenda Revealed: Globalists In Crisis, Supportive Of Attack On Iran

Paul Joesph Watson writes for Prison Planet:
The 2010 Bilderberg agenda has been revealed by veteran Bilderberg sleuth Jim Tucker and it paints a picture of crisis for the globalists, who are furious at the increased exposure their gatherings have received in recent years, as well as being dismayed at their failure to rescue both the euro and the failing carbon tax agenda, but more alarmingly according to Tucker, the majority of Bilderberg members are now in favor of military air strikes on Iran.
American Free Press muckraker Tucker has proven routinely accurate with the information he obtains from sources inside Bilderberg, which makes this year’s revelations all the more intriguing...
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Apple iPad-Maker Foxconn Makes Employees Promise Not To Kill Themselves

The iPad KillsThe Sydney Morning Herald reports:

Apple manufacturer Foxconn was taking extraordinary measures to safeguard its business and workers following a spate of suicides at its sprawling plant in southern China.

Workers have reportedly been told to sign letters promising not to kill themselves and even agree to be institutionalised if they appeared to be in an “abnormal mental or physical state for the protection of myself and others”.

Nets were also reportedly being hung around buildings to deter suicidal employees.

The moves came after a 19-year-old employee fell to his death at the Shenzhen factory — the ninth apparent suicide at the enormous site this year.

The deaths have raised questions about the conditions for millions of factory workers in China, especially at Foxconn, where labour activists and employees say long hours, low pay and high pressure are the norm.

Read More: Sydney Morning Herald

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How To Stop The Economic War Sweeping The World

We are all still stuck in the “big Muddy.” No, not the wars of old or even the oil disaster.  The mud I am referring to is more like quicksand and it sucks anyone who wants to look at what happened in the financial crisis deeper and deeper into it.

Soon, you are buried in shifting sea of so-called “exotic financial instruments,” and tranches, derivatives, credit default swaps, naked short-selling, etc and so forth, ad fin item.  It’s murkier in there than in the oil-infested waters of the Gulf of Mexico.

Stop, my head hurts.

A far simpler explanation, pervasive fraud and financial crime, has been ignored by most of our economic geniuses. As I made my film Plunder: The Crime of Our Time offering a “crime narrative,” I ran up against the denial that greeted my 2006 film In Debt We Trust warning of a meltdown. Then I was called, a “doom and gloomer.” Now I have just been ignored or considered simplistic.… Read the rest

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Computerized ‘Typo’ Causes Largest Stock Market Plunge Ever

This is really insane, really does make it seems like these traders are just playing with Monopoly money. If only actual working people's pensions and savings were not tied to this grand casino, we could laugh it off. See the line in bold print below, it's priceless. Tim Paradis writes on the AP via HuffPo: Stock Market The Ride
A computerized selloff possibly caused by a simple typographical error triggered one of the most turbulent days in Wall Street history Thursday and sent the Dow Jones industrials to a loss of almost 1,000 points, nearly a tenth of their value, in less than half an hour. It was the biggest drop ever during a trading day. No one was sure what happened, other than automated orders were activated by erroneous trades. One possibilility being investigated was that a trader accidentally placed an order to sell $16 billion, instead of $16 million, worth of futures, and that was enough to trigger sell orders across the market. The Dow recovered two-thirds of the loss before the closing bell, but that was still the biggest point loss since February of last year. The lightning-fast plummet temporarily knocked normally stable stocks such as Procter & Gamble to a tiny fraction of their former value and sent chills down investors' spines. "Today ... caused me to fall out of my chair at one point. It felt like we lost control," said Jack Ablin, chief investment officer at Harris Private Bank in Chicago.
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Where Does China’s Money Go?

We all know that China has huge amounts of money invested in the United States, but what about other nations? This item from Forbes maps the impressive and in some cases surprising global reach of China’s investments, which include billions and billions of dollars to everyone from Algeria to Greece to Switzerland. (Watches and chocolate?)

Image from Forbes.com

Image from Forbes.com

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A ‘Network’ Scene Classic: “There Is No Democracy” (Video)

Commenting on our site survey of the best conspiracy-minded films, regular disinfo.com commenter 5by5 suggested this scene from Network and offered these thoughts:
It's corporatist arrogance on bold display, and this is before they REALLY got cooking. This is why they need to be taken down MULTIPLE pegs. They think themselves Gods, and they need a serious reminder that they most definitely AREN'T.
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MIT Student Develops $3 Cutting-Edge Healing Device, Field Tested in Haiti

Healing DeviceDavid L. Chandler writes on MIT News:

No one really knows why, but for an open wound, simply applying suction dramatically speeds healing times. (The theory is that the negative pressure draws bacteria out, and encourages circulation.) But for almost everyone, that treatment is out of reach — simply because the systems are expensive — rentals cost at least $100 a day and need to be recharged every six hours.

No more. Danielle Zurovcik, a doctoral student at MIT, has created a hand-powered suction-healing system that costs about $3. The device is composed of an airtight wound dressing, connected by a plastic tube to a cylinder with accordion-like folds. Squeezing it creates the suction, which lasts as long as there’s no air leak. What’s more, where regular dressings need to be replaced up to three times a day — a painful ordeal — the new cuff can be left on for several days.

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GE Files 7,000 Tax Returns Globally, Ends Up With A $0 U.S. Tax Bill

General ElectricAnnalyn Censky writes on CNNMoney:

General Electric filed more than 7,000 income tax returns in hundreds of global jurisdictions last year, but when push came to shove, the company owed the U.S. government a whopping bill of $0.

How’d it pull off that trick? By losing lots of money.

GE had plenty of earnings last year — just not in the United States. For tax purposes, the company’s U.S. operations lost $408 million, while its international businesses netted a $10.8 billion profit.

That left GE with no U.S. profit left for Uncle Sam to tax. Corporations typically face a 35% federal income tax on their earnings. Thanks to its deductions and adjustments, GE reported an actual U.S. federal income tax rate of negative 10.5%. It got to add a “tax benefit” of $1.1 billion back into its reported earnings.

“This is the first time in at least decades that GE has reported negative U.S.

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