Showing posts with label corporations. Show all posts
Showing posts with label corporations. Show all posts

Friday, October 16, 2015

Another Way Obama’s ‘Trade’ Deals Help International Corporations Privatize Government

Eric Zuesse, originally posted at strategic-culture.org
Recently, the issue was raised regarding the profits that would flow to international corporations by Obama’s proposed trade-deals encouraging the privatizatilon of existing government-run social services, and the break-up of their labor unions. It was unfortunately mentioned only in passing by Guardian columnist Polly Toynbee. But that’s better than nothing. 
She is a granddaughter of the famous British historian Arnold Toynbee. Her perspective on this matter seems to be in accord with that of Britain’s major corporations — they strongly favor both TTIP (the Obama-proposed trade-deal with the EU), and also Britain’s being a part of the EU (and of that proposed trade-deal). In Britain, the number of families in the aristocracy, and that serve the aristocracy (the people who control the international corporations, and who serve those families), are few enough in number so that the individuals who can win a public voice such as becoming a columnist in the Guardian, tend to be well-vetted by the aristocracy, not favorable towards democracy.
Toynbee’s latest column criticizes opponents of TTIP and of Britain’s membership in the EU, as being populists (“Europhobes”), people who “shamelessly” oppose the EU and the TTIP. Her article presents the public as the problem — basically as mobs controlled by demagogues — and the aristocracy as the solution. Her attitude toward democracy (the public) is rather similar to Barack Obama’s as expressed privately on 27 March 2009 to the CEOs of Wall Street assembled together in the White House: “My administration is the only thing between you and the pitchforks. … I want to help. … I’m protecting you,” from those “pitchforks” — people who, to him, were much like Toynbee’s “shameless … Europhobes.” In both versions, the international-corporate financial operators are the real heroes, and the public who oppose what they’re doing are just bigots who need to be controlled.
Toynbee’s recent article, October 12th, about the interplay between pro-EU-integrationist Europeans and pro-mega-corporate Europeans, discusses the public’s resistance to the latest effort by the pro-EU British Parliamentarian Alan Johnson to present his case to the public, both for the EU and for the proposed TTIP:
“The Transatlantic Trade and Investment Partnership, TTIP, is another red line for some on the left. Johnson has just visited Brussels, and is convinced there will not be secret trade courts and nor will other countries, with bigger public sectors [e.g., France, Denmark, Sweden] than ours, allow Europe’s public services to be captured by US companies.”
Johnson is a former Cabinet Member in Prime Minister Tony Blair’s government — in fact, a former Health Secretary and a former Education Secretary, and so someone who would know a lot about the assets that are to be privatized if and when, say, Britain’s National Health Service gets stripped down and then sold off to international corporations — and now is trying to make the case that somehow U.S. President Barack Obama would sign his TTIP after its heart and brain (its freezing in place and then gutting of democratically imposed regulations of international corporations) has been ripped out, and only its arms and its legs (the associated legal blather) remain. Toynbee says:
“But alarm is in the air among pro-Europeans of every sort. Long gone are complacent assumptions that the status quo always wins referendums, that fear of the unknown beats novelty or the pay packet always trumps ideals. The wind seems in the sails of the outs, as opinion shifts their way. Try as they might to hide this handicap, today’s launch [of a new conservative movement that’s both anti-TTIP and anti-EU] was a portrait of an establishment arguing for no change. Big business was there, the high street stores, easyJet, the universities and the police. The prospect of Scotland gone or Northern Ireland peace unravelling certainly makes leaving the high-risk choice. What of Russia? Surely self-preservation and economic common sense will see the establishment prevail?”
If her verbiage is so loaded with assumptions, so that there’s no space for documenting any of them (such as her assumptions that TTIP is basically benign, and that the EU wasn’t originated by fascists), that’s because her assumptions are false, and because competency is not a requirement for success in her culture. In Britain, the number of families in the aristocracy, and that serve the aristocracy, are small enough so that the individuals who can win a public voice such as being a columnist in Britain’s major media tend to be well-vetted by the aristocracy, and all that aristocrats demand is for the person to support the aristocracy’s agenda. Polly Toynbee is a granddaughter of the famous British historian Arnold Toynbee. Her perspective in this matter seems to be in accord with that of Britain’s major corporations. That’s enough for her to be able to be published in the Guardian. Every British nationwide newspaper is actually likewise a guardian of the very same national aristocracy — of one of its factions at least, each of which is united with all of the others against the public, and is protecting that aristocracy from the public (by deceiving the public, like such writers do).
So, she deals only in passing with the objections, “secret trade courts and nor will other countries, with bigger public sectors than ours, allow Europe’s public services to be captured by US companies.” How does she know? She doesn’t. Nor does she care to. Those real problems are simply wished away, and so she expresses hope that “fire may burn within parties [such as Alan Johnson] battling to persuade their own sides.”
After all, the public must be ruled. They are so unruly!  Tut-tut!!
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Monday, August 10, 2015

Bernie Sanders Calls Out 18 Corrupt CEOs For Stealing Trillions, Outsourcing Jobs, and Evading Taxes

Posted by Colin Taylor   
http://www.occupydemocrats.com/bernie-sanders-calls-out-18-corrupt-ceos-for-stealing-trillions-outsourcing-jobs-and-evading-taxes/
Last week, 80 CEOs jointly published a letter in the Wall Street Journal calling for austerity spending cuts to deal with the deficit, in a new effort to “starve the beast” and slice funds away from public programs, especially Medicare and Medicaid, reducing their effectiveness to make their calls for privatization more effective. It’s the same old game that corporations and Republicans across the country have played time and time again, one that has the American people losing.
Senator Bernie Sanders, champion of the middle class and economic justice, published his own response- a scathing condemnation of their hypocrisy and blatant opportunism:
“There really is no shame. The Wall Street leaders whose recklessness and illegal behavior caused this terrible recession are now lecturing the American people on the need for courage to deal with the nation’s finances and deficit crisis. Before telling us why we should cut Social Security, Medicare and other vitally important programs, these CEOs might want to take a hard look at their responsibility for causing the deficit and this terrible recession.

Our Wall Street friends might also want to show some courage of their own by suggesting that the wealthiest people in this country, like them, start paying their fair share of taxes. They might work to end the outrageous corporate loopholes, tax havens and outsourcing provisions that their lobbyists have littered throughout the tax code – contributing greatly to our deficit.
Many of the CEO’s who signed the deficit-reduction letter run corporations that evaded at least $34.5 billion in taxes by setting up more than 600 subsidiaries in the Cayman Islands and other offshore tax havens since 2008. As a result, at least a dozen of the companies avoided paying any federal income taxes in recent years, and even received more than $6.4 billion in tax refunds from the IRS since 2008.
Several of the companies received a total taxpayer bailout of more than $2.5 trillion from the Federal Reserve and the Treasury Department.
Many of the companies also have outsourced hundreds of thousands of American jobs to China and other low wage countries, forcing their workers to receive unemployment insurance and other federal benefits. In other words, these are some of the same people who have significantly caused the deficit to explode over the last four years.”
He then released a list of the eighteen CEOs who are responsible for triggering the recession, destroying the middle class, corrupting our politicians, underpaying their workers, and outsourcing jobs overseas.
These are the names of traitors who have forsaken their people and nation to worship at the altar of greed:
1) Bank of America CEO Brian Moynihan
Amount of federal income taxes paid in 2010? Zero. $1.9 billion tax refund.
Taxpayer Bailout from the Federal Reserve and the Treasury Department? Over $1.3 trillion.
Amount of federal income taxes Bank of America would have owed if offshore tax havens were eliminated? $2.6 billion.
2) Goldman Sachs CEO Lloyd Blankfein
Amount of federal income taxes paid in 2008? Zero. $278 million tax refund.
Taxpayer Bailout from the Federal Reserve and the Treasury Department? $824 billion.
Amount of federal income taxes Goldman Sachs would have owed if offshore tax havens were eliminated? $2.7 billion
3) JP Morgan Chase CEO James Dimon
Taxpayer Bailout from the Federal Reserve and the Treasury Department? $416 billion.
Amount of federal income taxes JP Morgan Chase would have owed if offshore tax havens were eliminated? $4.9 billion.
4) General Electric CEO Jeffrey Immelt
Amount of federal income taxes paid in 2010? Zero. $3.3 billion tax refund.
Taxpayer Bailout from the Federal Reserve? $16 billion.
Jobs Shipped Overseas? At least 25,000 since 2001.
5) Verizon CEO Lowell McAdam
Amount of federal income taxes paid in 2010? Zero. $705 million tax refund.
American Jobs Cut in 2010? In 2010, Verizon announced 13,000 job cuts, the third highest corporate layoff total that year.
6) Boeing CEO James McNerney, Jr.
Amount of federal income taxes paid in 2010? None. $124 million tax refund.
American Jobs Shipped overseas? Over 57,000.
Amount of Corporate Welfare? At least $58 billion.
7) Microsoft CEO Steve Ballmer
Amount of federal income taxes Microsoft would have owed if offshore tax havens were eliminated? $19.4 billion.
8) Honeywell International CEO David Cote
Amount of federal income taxes paid from 2008-2010? Zero. $34 million tax refund.
9) Corning CEO Wendell Weeks
Amount of federal income taxes paid from 2008-2010? Zero. $4 million tax refund.
10) Time Warner CEO Glenn Britt
Amount of federal income taxes paid in 2008? Zero. $74 million tax refund.
11). Merck CEO Kenneth Frazier
Amount of federal income taxes paid in 2009? Zero. $55 million tax refund.
12) Deere & Company CEO Samuel Allen
Amount of federal income taxes paid in 2009? Zero. $1 million tax refund.
13) Marsh & McLennan Companies CEO Brian Duperreault
Amount of federal income taxes paid in 2010? Zero. $90 million refund.
14) Qualcomm CEO Paul Jacobs
Amount of federal income taxes Qualcomm would have owed if offshore tax havens were eliminated? $4.7 billion.
15) Tenneco CEO Gregg Sherill
Amount of federal income taxes Tenneco would have owed if offshore tax havens were eliminated? $269 million.
16) Express Scripts CEO George Paz
Amount of federal income taxes Express Scripts would have owed if offshore tax havens were eliminated? $20 million.
17) Caesars Entertainment CEO Gary Loveman
Amount of federal income taxes Caesars Entertainment would have owed if offshore tax havens were eliminated? $9 million.
18). R.R. Donnelly & Sons CEO Thomas Quinlan III
Amount of federal income taxes paid in 2008? Zero. $49 million tax refund.
These are astonishing numbers. There are billions of dollars missing from the federal budget because huge multinational corporations don’t pay any taxes while crying for spending cuts and austerity measures placed on the backs of the American people. Bernie Sanders is the only candidate really confronting these issues, and we must hear his message. We cannot allow the proud heritage of American democracy to slide into the dark pit of oligarchy, where the worker becomes a serf and the mega-rich rule like lords.
Many thanks to True Activist.com for the story.

Thursday, June 11, 2015

'Who' Really Runs Your State?


Tyler Durden's picture

http://www.zerohedge.com/news/2015-06-10/who-really-runs-your-state
A state's economy is nothing without the businesses that call it home. However, these companies are not created equally - bigger businesses naturally have outsized influence, generating more revenue, employing more people and (at least theoretically) paying more taxes. So given that corporations are now 'people', who really runs your state in this crony-capitalist land of the free?
Some may be surprising: Chevron (not Apple) runs California, Costco (not Microsoft) runs Washington, and Sands run Nevada.
Some are less so: Berkshire Hathaway runs Nebraska, GM runs Michigan, and ExxonMobil runs Texas.

Largest Companies by Revenue in Each State 2015

As Broadview Networks explains,
Using Hoover’s, a D&B Company, we searched through each state’s list of companies to find which had the largest revenue in the last fiscal year.  It was interesting to see how each company’s revenues have changed over the year (for better or worse) and to see if a new largest company had emerged.

At first glance, you may ask, “Where are Apple and Microsoft?”  Yes, these are huge companies but this map is specifically looking at total revenue from the last fiscal year.  If we look at California with Apple vs. Chevron, there is a large discrepancy between market value and total revenues.  Apple’s market value as of March 31, 2015 was $724 billion while Chevron’s was only (and we use “only” lightly) $197 billion.  In terms of revenue, Chevron comes out on top with $203 billion in the last fiscal year while Apple had revenues of $182 billion.
Source: Broadview Networks VoIP Blog

Tuesday, November 12, 2013

Sibel Edmonds Explains Who's At The Top Of The Pyramid 


In this sixth part of the ongoing Sibel Edmonds Gladio B conversation, we ask the question: Who is at the top of the pyramid. We look beyond the usual suspects and follow the money back to the industries and lobbies whose existence depends on the perpetuation of boogeymen enemies.
http://www.youtube.com/watch?v=rgo-E7KhVAc
(shared by 12cm32)