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Showing posts from April 8, 2017

Today's Trumpery

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Federal politicians criticized for ‘regurgitating' pesticide industry lines

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[Toxins, regulatory capture and the corporatocracy. No different whatsoever than under Harper. See also: Farms could slash pesticide use without losses, research reveals; Pesticide banned in Europe found in Toronto's tap water; Popular Farm Pesticide Found in Drinking Water. *RON*]

Riley Sparks, National Observer, 5 April 2017
Environmental groups are accusing a House of Commons committee of political interference in a science-based Health Canada proposal to ban the widely-used pesticide imidacloprid.

Imidacloprid is part of a class of pesticides call neonicotinoids. Health Canada’s Pest Management Regulatory Agency (PMRA) said last year that the pesticide should be phased out over three to five years because it can kill aquatic insects, which research suggests could wreck food chains and destabilize whole ecosystems. Research also suggests a link between widespread use of neonicotinoids and the disappearance of honeybees around the world.

Pes…

In Canada, Where Muslims Are Few, Group Stirs Fear of Islamists

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[La Meute had 15,000 followers within a month of its creation. Today, it has more than 50,000. Quebec is becoming a dangerous focal point for ethnic and racial hatred. See also: As Canada Transforms, an Anti-Immigrant Fringe Stirs. *RON*]

Craig S. Smith, New York Times, 5 April 2017

STONEHAM-ET-TEWKESBURY, Quebec — Patrick Beaudry, bejeweled, tattooed and bearded, lives on a remote wooded hillside in rural Quebec, worrying about living under Shariah law.

A year and a half ago, he huddled with two friends in a Quebec maple sugar shack, discussing how to stop the spread of what they call “invasive political Islam” in Canada. They formed a group called La Meute, or Wolfpack, created a Facebook page and invited like-minded people to join.

Within a month, they had 15,000 followers. Today, the number has surpassed 50,000, and the group is still attracting people. Now, Mr. Beaudry and his colleagues say they are shaping those followers into dues-paying me…

Stockholm truck attack: Suspect is Uzbekistan-born man

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[4 killed, 15 wounded in what prime minister has called a terrorist attack. The suspect "had been on authorities' radar some time ago." Also: 'We're so peaceful. It can't happen here': Swedes react to terror at home, and Vehicles becoming a common weapon: Timeline of recent attacks. And: Migrants are returning to Calais, France, and residents aren't sure how to cope. *RON*]
Associated Press, CBC News, 8 April 2017
The suspect detained over Friday's deadly truck attack in Stockholm is a 39-year-old Uzbekistan-born man, Swedish prosecutor Hans Ihrman confirmed on Saturday.

Anders Thornberg, the head of Sweden's domestic intelligence agency, says the man had been on authorities' radar some time ago. "The suspect didn't appear in our recent files but he earlier has been in our files," he said.

Thornberg said the Swedish Security Service is working with other nations' security agencies …

Why regulators should focus on bankers’ incentives

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[Banksters at play. See also: Lloyds expects payouts to HBOS fraud victims to total £100mCash, cruises and sex parties: inside ex-HBOS manager's £245m scamFear of bank collusion in mortgage scandal. *RON*]

Charles Goodhart, Bank Underground, 5 April 2017


Last autumn, Charles Goodhart gave a special lecture at the Bank. In this guest post he argues that regulators should focus more on the incentives of individual decision makers.

The incentive for those in any institution is to justify and extol the virtues of the decisions that they have taken. Criticisms of current regulatory measures are more likely to come from outsiders, perhaps especially from academics, (with tenure), who can play the fool to the regulatory king. I offer some thoughts here from that perspective. I contend that the regulatory failures that led to the crisis and the shortcomings of regulation since are largely derived from a failure to identify the persons respon…

Tomahawk maker's stock up after U.S. launch on Syria

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["So it should come as no surprise that defense stocks are among the top performers on Wall Street not just on Friday, but for all of this year." Another total non-surprise: Oil prices jump after U.S. missile strike on Syria. *RON*]

Paul R. La Monica, Money CNN, 7 April 2017

Raytheon, the company that makes the Tomahawk missiles used in the air strikes on Syria by the United States, is rising in early stock trading Friday.

Investors seem to be betting President Trump's decision to retaliate against Syria after the chemical attack on Syrian citizens earlier this week may mean the Pentagon will need more Tomahawks.

The Department of Defense asked for $2 billion over five years to buy 4,000 Tomahawks for the U.S. Navy in its fiscal 2017 budget last February.

Nearly five dozen Tomahawk cruise missiles were launched at military bases in Syria from U.S. warships in the Mediterranean Sea late Thursday.

Raytheon (RTN) wasn't the only defens…