Showing posts from November 9, 2014

Extractives Companies “Not Ready” for Transparency Requirements

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[Multinational corporations, often as large as nations themselves, fight hard against government efforts to report their activities more publicly. “Developing countries may have lost an estimated six trillion dollars in the decade before 2011 due to tax evasion and other shady financial dealings.... Even though country-by-country reporting was first introduced in the extractive sector, the 19 oil and gas companies in the study only scored an average of 10 per cent. Six companies in this industry scored zero.”*RON*]
By Carey L. Biron, International Press Service News, 6 November 2014
WASHINGTON, Nov 6 2014 (IPS) - The world’s largest corporations continue to publicise scant information about their global operations, according to new analysis that warns that extractives companies in particular are unprepared for pending disclosure requirements.

The findings come from the global watchdog Transparency International, which looked at 124 of the world’s …

Canada Needs Zero Tolerance For Its Own 'Barbaric Cultural Practices'

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[Our Minister of Citizenship and Immigration tables a bill entitled the, "Zero Tolerance for Barbaric Cultural Practices Act.... I guess You Guys Are Animals and We Don't Want You Anywhere Around Us was considered too inflammatory and xenophobic. It takes an incredible combination of self-ignorance, denial, and sanctimonious hypocrisy to utter something like that out loud and keep a straight face." *RON*]
Toula Drimonis, Huffington Post, 6 November 2014
Out of the blue yesterday, Canadians were suddenly informed that a bill, tabled by Chris Alexander, the Minister of Citizenship and Immigration, aims to target polygamy and forced marriages.

"We want to make it clear to anyone wishing to enter the country -- as well as those born in Canada -- that domestic violence, genital mutilation, forced marriages, and polygamy are illegal in Canada and "won't be tolerated," said Minister Alexander.

Tough-as-nails words there, Ch…

The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare

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[An excellent, lengthy piece on a brave British Columbia woman and the depths of US government disinterest in pursuing criminal activity of big banks. "It goes without saying that the ordinary citizen who is the target of a government investigation cannot simply pick up the phone, call up the prosecutor in charge of his case and have a legal proceeding canceled. But Dimon did just that." *RON*]

By Matt Taibbi, Rolling Stone, 6 November 2014

Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking.

She tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn't take it anymore.

"It was like watching an old lady get mugged on the street," she says. "I thought, 'I can't sit by any longer.'"

Fleischmann is a tall, thin, quick-witted securities lawyer in her late thirties, with long blond hair…