A Stand against Evil Corporations or just Progressive Hypocrisy?

by Nomad

I saw this photo online the other day. It is pointing out, I suppose, the inherent hypocrisy of the Left and progressive when they condemn corporations. 

(If you read my blog at all, you'd know that this is not a view of mine.) 

Still, there may be some validity to the argument. I have my own counter-arguments to the idea this image is promoting. I will refrain from sharing my opinions... with great difficulty.

It's more important to me to hear what you think. Do you agree or disagree with the position? Why? 

How would you counter this argument?

Musical Sanity Break: Van Morrison- And It Stoned Me

by Nomad

The magical power of water is the theme in this Van Morrison song. From the downpour that nearly spoils the day, to dive into the fishing hole, to the quenching of your thirst.
"Oh, the water. Get it myself from the mountain stream." 

Law Professor's Advice: Guilty or Innocent, Never Speak to Police.. Ever

by Nomad

If there's one thing that most defense lawyers will tell you, it is this: Whether you are guilty or innocent, never dare to speak to the police.
Once upon a time, the Supreme Court gave its full support to every citizen's constitutional right to remain silent. 

Here's an interesting - but rather long- lecture by Mr. James Duane, a professor at Regent Law School and a former defense attorney, telling his students why a defense attorney should always advise his client never, under any circumstances, talk to the police. His reasoning is sound but it's the kind of advice that most police investigators would prefer you didn't know.. and certainly not apply. 

Turkey and the Soma Mining Disaster: How Not to Deal with a National Tragedy

by Nomad

The downside to a photo-op is, of course, that something unexpected or embarrassing might happen. That's unfortunately exactly what occurred when the Turkish Prime Minister traveled to Soma, the site of the nation's worst mining disaster.

In the aftermath of the historic mining disaster in Soma, Turkey, the Prime Minister Tayyip Erdogan promptly journeyed to the area, supposedly to give comfort to the grieving relatives of the over 300 victims.

In what could be considered phenomenally poor judgement, the Prime Minister delivered a speech to the crowds in which he told the crowds that mining disasters happen all the time. Even, in more developed countries, he said, such unfortunate things occur. It was, he implied, simply a risk that miners take.

He then cited examples to support his contention.. from 100 years ago. In fact, critics pointed out- nearly instantaneously- that Turkey's record for mining disasters outranks other nations.

Swiss Bank Pleads Guilty to Felony Conspiracy with American Tax Dodgers

Syndicated news with introduction by Nomad 

Swiss banking giant Credit Suisse has admitted that it conspired to help some US clients avoid paying taxes. It has agreed to pay over $2.5 billion and to cooperate with investigations. 

This would make the Swiss company the largest bank in 20 years to plead guilty to criminal charges.

  

As much as I think this is a good- and long overdue- step, imposing a fine on Swiss banks for helping Americans hide their wealth is a little like punishing dogs for peeing on fire hydrants. It's what they do. There's nothing very "brazen" about either case. 

Perhaps the only surprising aspect of this news is that the US government found the wherewithal to actually do anything about it. As Forbes describes the news, the IRS took on Swiss banking and it won. According to that article, IRS is the big winner in this plea bargain arrangement.

Plus, the IRS earns dividends in the form of account holders applying for amnesty. And for the IRS, it isn’t just Switzerland, but everywhere now that FATCA has expanded U.S. tentacles almost worldwide. Attorney General Eric Holder wins big too, getting the benefit of a guilty plea. He can’t be accused of letting another big bank off the hook for being too big to fail.

The U.S. Treasury and New York State both make out well. Credit Suisse will pay nearly $1.8 billion to the Justice Department, $100 to the Federal Reserve, and a whopping $715 million to New York’s Department of Financial Services.

With FATCA approaching its launching date, some would see this in a little less cheery light. The US, they'd say, is simply attempting to assert its control over all international banks. 

Amid all this back slapping, and at a time when Putin is threatening to renew a Cold War, what is left unsaid is that the long-term consequences may be hard to calculate.

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Credit Suisse guilty on US felony charge, pays $2.6 bn (via AFP)

Credit Suisse pleaded guilty and was fined $2.6 billion for helping Americans avoid taxes, the first time in 20 years a major bank has been punished on US criminal charges. US authorities said the "brazen" Swiss bank, one of the world's largest wealth…

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