Posted by DanielS on Wednesday, 15 February 2017 15:56.
Ferenc Almássy and Norbert Hofer in Vienna. II.2017
Visigrad Post, “Norbert Hofer: the FPÖ is Likely to be the First Party at the Next Elections and We’ll Get Closer to the Visegrád Countries”, 8 Feb 2017:
Austria – Interview with Norbert G. Hofer, member of the FPÖ, the Austrian national-liberal party: “The FPÖ will probably be the first party at the next elections […] If we manage to govern, there will also be a very close contact with the states of Visegrád.” The outgoing candidate in the second round of the Austrian presidential elections in 2016, Norbert Hofer, received the Visegrád Post in his office of the Austrian parliament.
We talked about the United States, Russia, China, energy, hyperloop, the Habsburg Empire and the Order of St. George.
Interview conducted in Vienna on 3 February 2017 by Ferenc Almássy.
Ferenc Almássy: The news prompts me to start with this question. Donald Trump is now President of the United States. If he implements what he has promised to do, and it seems to be well on its way, the United States should move towards more isolationism, but also possibly towards cooperation with Russia. What are the consequences for Europe, particularly Central Europe? And what do you hope, or do you fear, regarding Austria?
Norbert Hofer: I do not think that the US will be isolated. But I believe that they will do everything they can in order to bring production back to America, because this is supposed to secure the jobs in the US. And I believe that Europe must react to it, because if Europe does not do everything in its power to become economically stronger again and remembers what the founding fathers – Charles de Gaulle, Adenauer – wanted this European Union, this European Community to become, namely economically strong cooperating states, so that they could work together for mutual understanding and avoid leading to war against each other.
Here Europe must react and we must also try to bring production back to Europe. More and more enterprises are leaving our continent, going somewhere else; but people have to live from something, and it is wise to produce here and not in countries where there are fewer environmental requirements, where there are fewer social requirements.
The idea that you are producing where the goods are needed is, from my point of view, the correct path, and this is where Europe must concentrate upon, in all friendship with the USA, in all friendship with Russia, and also in friendship with China. But states represent interests and also the European Union must represent interests, namely the interests of the domestic economy, of the domestic workers and the consumers who live here. This is what we must pay attention to.
Posted by DanielS on Thursday, 09 February 2017 16:17.
Together back in the 80s, when Carl Icahn was showing Donald Trump the ropes of “corporate-take-over”, such as his plunder of TWA.
The Carl Icahn episode that pilfered the corporate culture of the once bustling American town—Lancaster, Ohio—is highly instructive of itself. It provides a lesson in its farther implications, however, as it set in motion transformations of that corporate culture which effected a perverse irony of its residents becoming Trump voters, seeking a return to their corporate culture as it had been - implicitly White - oblivious to the fact that they are hoping to do this through Trump, whose appointed gate-keeper is Carl Icahn - the very man who plundered Lancaster’s corporate culture and set in motion its transformative demise, with devastating impact upon the now rust-belt town and its people (nearly all White).
(((NPR))) doesn’t provide a transcript of portions which refer to Carl Icahn, e.g.
13:10: Dave Davies: “When did outside financial interests first pose a challenge to the management of Anchor Hocking, this giant of a company?
Brian Alexander: The first time was Carl Icahn.
It is meaningful that the relatively brief episode of Carl Icahn’s corporate raid on Anchor-Hocking did not merely lead to a limited financial downturn following the large (what amounts to) bribe that he levied against the company in order to get rid of him, but it had implicative force which transformed even the subsequent non-Jewish corporate culture, creating a new corporate culture - a new context, if you will. That is the kind of thing that the serious ethno-nationalist will want to examine further.
Brian Alexander: It’s the 1980’s, Carl Icahn has just begun his career of what became known at the time as “green mailing.”
Dave Davies: “Corporate raiding”, “corporate take-overs.”
Alexander: “Corporate raiding”, saying now I’ve just bought 5% of your stock. I want a seat on the board. You’re running your company in a lousy way; and so I’m going to come and make all sorts of trouble for you, but you know, if you want to buy me out, at a profit, at a premium, well maybe I’ll go away; and so that’s exactly what happened with Carl Icahn.
Carl Icahn bought over 5% of the stock of Anchor Hocking, agitated the board, saying you need to make some different decisions, you could be returning more share-holder value and was eventually bought off at what I calculate to be about a three million dollar profit to Carl Icahn.
That episode did not last long, but I argue that it changed Anchor Hocking forever, from then on.
NPR host Dave Davies: We heard a lot in the presidential campaign about anger and frustration among working class voters in America’s heartland. Today we’re going to focus on one factory town in central Ohio that was once a bustling center of industry and employment, but is now beset by low wages, unemployment and social decay.
Lancaster, Ohio isn’t just a research subject for our guest Brian Alexander, it’s his hometown.
His new book tells the story of the company that was once Lancaster’s largest employer - Anchor-Hocking Glass Company was a Fortune 500 company with its headquarters in the town. The company provided jobs, civic leadership and community pride. It’s decline Alexander argues isn’t just a product of increased competition and changing markets, he says the firm was undone by Wall Street investors who had little knowledge of the company and little interest in anything besides short-term profit.
Posted by DanielS on Thursday, 26 January 2017 05:47.
“Don’t be surprised if the money he used to buy-up American real estate came from U.S. foreign aid” - TT. Pictured, Trump signalng 181 dimensional chess with Pakistani-American real estate tycoon, Sajid Tarahas, founder of ‘Muslims for Trump.’
BBC, “Trump’s Hindu, Sikh and Muslim power brokers”, 24 Jan 2017:
When Indian-American industrialist Shalabh “Shalli” Kumar donated close to a million dollars to the Trump campaign, many in the community dismissed it as a poor investment.
But today, Mr Kumar is the go-to guy not just for Indian-Americans chasing opportunities in the new administration but apparently for the Indian officials seeking contacts with Trump aides.
A leading Indian TV channel NDTV introduced him as “the man with a direct line to Trump” on their show. Another top-ranking Diaspora website, The American Bazar, has called him “the most influential Indian-American power broker” in DC.
And Kumar isn’t complaining about this new celebrity status. “I would like to be the bridge between the two sides,” he told the BBC. “I have arranged two big meetings between Indian officials and leading figures in the Trump team.”
A majority in the Indian immigrant community have traditionally supported Democrats and Trump’s anti-immigrant campaign rhetoric seemed to have further alienated many.
Kumar says he and his Republican Hindu Coalition mobilised Hindu Indian-Americans votes in swing states like Florida.
Their message? Trump was the anti-terrorism candidate, and would help India and US see greater collaboration in defence, energy and manufacturing.
Trump’s anti-Muslim rhetoric did appeal to some Hindus, but whether that actually swayed the community at large is unclear.
Kumar is not the only one whose stock has soared with a Trump victory.
Pakistani-American Sajid Tarar, who is a Muslim, and Sikh-American Jesse Singh, sided with Mr Trump at the peak of his anti-Muslim barbs. They were pilloried by their own communities for doing so. One exit poll suggested more than three-quarters of Muslims voted for Clinton.
Mr Tarar’s Facebook inbox used to be swamped with negative messages, calling him a “disgrace to Pakistan and Islam”.
But on the morning of 9 November, his phone wouldn’t stop ringing. Mr Tarar had more than 80 messages congratulating him on Mr Trump’s victory and how he had made Pakistan proud.
He says the Pakistan embassy reached out to him to facilitate a call between Pakistani Prime Minister Nawaz Sharif and the President-elect.
“I sent out a few emails and the call happened,” says Mr Tarar, a real estate businessman.
Posted by DanielS on Thursday, 19 January 2017 10:35.
BBC, “Theresa May: UK will be a global leader on trade”, 19 Jan 2017:
Theresa May has told leaders at the World Economic Forum in Davos that the UK will be a “world leader” on trade. But the prime minister also warned that inequality blamed on globalisation was aiding the “politics of division”. Her speech to business leaders and politicians in Switzerland comes after EU leaders said a post-Brexit trade deal with the UK would be “difficult”. The European Commissioner for Economic Affairs, Pierre Moscovici, said Brexit would be bad for the UK and the EU.
EU Commissioner for Economic & Financial Affairs, France’s Mr Moscovici, told BBC that Brexit was not a positive move.
Pierre Moscovici (French pronunciation: [piɛʁ.mɔs.kɔ.vi.si]; born September 16, 1957) is a French politician currently serving as the European Commissioner for Economic and Financial Affairs, Taxation and Customs. Previously he served as a senior French politician, as Minister of Finance from 2012 to 2014 and as Minister for European Affairs between 1997 and 2002.
Previously a member of the Trotskyist group the Revolutionary Communist League, Moscovici joined the French Socialist Party (PS) in 1984 and has since been a member of the Departmental Council of Doubs and the French and European Parliaments.
Early life and education
Born in Paris, he is the son of the influential Romanian-Jewish social psychologist Serge Moscovici and of the Polish-Jewish psychoanalyst Marie Bromberg-Moscovici.
In the meantime, former UKIP treasurer, Andrew Reid, seems to have secured something out of the deal:
Oxford Mail, “Villagers in Dorchester-on-Thames, South Oxfordshire, are battling former UKIP treasurer and city lawyer Andrew Reid”, 19 Jan 2017:
VILLAGERS are fighting for freedom after a former UKIP treasurer a bought up vast swathes of beloved countryside and started fencing it off. Residents in Dorchester-on-Thames were shocked when city lawyer Andrew Reid bought the 845-acre Bishop’s Court Farm for £11m last year and started putting up barbed wire fences around fields where families have played and picnicked for generations.
The rolling patchwork of pastures, in the shadow of Wittenham Clumps hill on the banks of the Thames, includes the famous meadow by Day’s Lock where the World Pooh Sticks Championships were held for more than 30 years.
The previous owner of Bishop’s Court Farm, Anne Bowditch, had always been happy for villagers and visitors to tramp across her meadows, but she passed away in September 2015.
Mr Reid, senior partner at RMPI solicitors, bought the property last year through a company called Vision Residences (2) LLP.
The first many villagers knew about it was when spiked fences started shooting up across the fields in October.
A commentor on the article noted: “There was a famous photo taken in these fields years ago that was used in a genius plot by the British in WW2 to deceive the Germans (remember the floating “airman” who had invasion plans in his jacket). A photo of him with his “sweetheart” was planted on him - that photo was taken on Day’s Meadow.”
Posted by DanielS on Wednesday, 18 January 2017 13:52.
A couple of weeks ago (((Steve Sailer))) hypothesized in the Taki’s Magazine article, “Choose Your Words Wisely” (4 Jan 2017), that right-wing populist nationalism was taking off in western countries NOT because of, say, any nefarious orchestration by Russian Jews, but rather perhaps because western elites, in their white, self destructive, integrationist madness all share the same lingua franca - English - and are therefore more easily seduced into eachother’s madness.
One reason it’s happening over much of the planet is because the various establishment elites have become so homogenous in their ideology, unconsciously egging each other on into more extremism. For example, after the normally cautious Angela Merkel made her historic refugee blunder in 2015, Hillary Clinton repeatedly endorsed Merkel’s foolhardiness, even as the German leader herself came to regret her imprudence.
But the corporate press has been no more aware of its own drift toward anti-border fanaticism than a fish notices it’s wet. Thus, the American establishment’s increasingly comic conspiracy theory blaming its political failings on a nefarious Kremlin plot. After all, what else could explain why voters did not respond appropriately to the media’s furious instructions to elect Hillary besides Muscovite mind-control rays?
A sensible exception has been Fareed Zakaria, who pointed out last month:
The one common factor present everywhere, however, is immigration. In fact, one statistical analysis of EU countries found that more immigrants invariably means more populists. One way to test this theory is to note that countries without large-scale immigration, such as Japan, have not seen the same rise of right-wing populism.
That raises the question of why Japan’s ruling class didn’t feel the necessity of going down the same mass-immigration path as did so many other advanced countries: Why is Japan such an exception?
“The coming global monoculture of English could be highly productive…until it’s not.”
One reason is that Japan isn’t a white country, so it’s immune to white guilt. Sure, the Japanese abused other East Asians 1931– 45, but that was in the name of organizing against white colonialism. So hassling Japan isn’t a high priority like it is for Germany.
Another reason is that Japan is linguistically quite isolated from the growing worldwide dominance of the English language.
If elites unthinkingly think alike, one reason could be because they increasingly share a language: English. Across much of the world, English is becoming the lingua franca. ...
Posted by DanielS on Saturday, 24 December 2016 08:52.
TNO, “Is Trump “Draining the Swamp?”, 23 Dec 2016:
At least four senior executives with international bankers Goldman Sachs will get critical posts in the Donald Trump administration—even though he campaigned fiercely against that institution, with his closing campaign ad using an image of that company’s CEO Lloyd Blankfein to condemn the “global power structure” for robbing America’s working class and enriching the elite.
The Goldman Sachs appointments are not the first indication that Trump has no intention of “draining the swamp” in Washington D.C. either.
Former Goldman Sachs partner Steven Mnuchin served as Trump’s national finance chairman and is now Trump’s nominee for U.S. Treasury secretary.
Trump has also nominated Goldman Sachs President (and the bank’s de facto number two) Gary Cohn as his top economic adviser in the White House.
Other Goldman alums in Trump’s inner circle include Anthony Scaramucci, a former Goldman banker and a member of the Trump transition team’s executive committee, as well as Steve Bannon, Trump’s campaign manager.
Trump’s campaign ad described Goldman Sachs as part of “a global power structure that is responsible for the economic decisions that have robbed our working class, stripped our country of its wealth and put that money into the pockets of a handful of large corporations and political entities.”
“Not only has Trump’s election stoked hopes for looser regulatory policies that will make it easier for banks to take bigger risks and book fatter profits, but Goldman also appears to have regained its place at the nexus between Wall Street and Washington,” Bloomberg wrote.
CBS, “Donald Trump’s Cabinet richest in U.S. history, historians say”, 20 Dec 2016:
As he traveled the country on his thank you tour, President-elect Donald Trump touted his choices for his Cabinet and inner circle, a group historians say is the richest in U.S. history.
“And one newspaper criticized me, ‘Why can’t they have people of modest means?’” Trump said at a Des Moines, Iowa rally. “Because I want people that made a fortune. Because now they’re negotiating with you, okay?”
How rich? CBS News estimates seven of Trump’s picks are worth a combined $11 billion.
“I guess they have a few poor millionaires on it, but mostly it’s billionaires,” said Sen. Bernie Sanders.
Critics like Sanders say Trump’s choices fly in the face of his populist campaign message. “You don’t appoint a Cabinet of billionaires to be taking on the establishment,” he said on Sunday’s “Face The Nation.”
Steve Mnuchin, Trump’s Treasury pick has been estimated to be worth as much as $655 million. He and commerce secretary nominee Wilbur Ross, worth $2.5 billion, recently said they were attuned to the plight of working Americans.
“It’s also not true all jobs are created equal. A guy that used to work in the steel mill, now flipping hamburgers, he knows it’s not the same,” Ross said in an appearance on CNBC.
Having millionaire and billionaire cabinet secretaries is not unprecedented. They tend to attract slots at Treasury and Commerce. But neither President Obama nor President George W. Bush had a single billionaire in their first Cabinets.
Pardon for quoting Bernie and other brackets but these are merely verifiable facts being cited here.
Quartz, “Trump’s 17 cabinet-level picks have more money than a third of American households combined”, 15 Dec 2016:
The 17 people who US president-elect Donald Trump has selected for his cabinet or for posts with cabinet rank have well over $9.5 billion in combined wealth, with several positions still unfilled. This collection of wealth is greater than that of the 43 million least wealthy American households combined—over one third of the 126 million households total in the US.
Affluence of this magnitude in a US presidential cabinet is unprecedented.
It is a game that Republicans have been playing for years, a few dog whistles in exchange for implicit White support of deracinating elite White Republicans in tandem with Jewish interests ....what is a bit new is that they are throwing a few milk bones to placate the explicit Whiteness in the Alt-Right so that they can co-opt White identity, not only into the Republican party but into their global geo-political agenda - on the side of fellow bracketed proposition empires, The U.S., Russia and Israel against Asia. This is a backwards and utterly dangerous friend/enemy arrangement and ultimately eschews Whites to a war footing in the interest of Jews against the ethnonationalism of others and ultimately, irrespective of White ethno-nationalism.
Rex Tillerson, the businessman picked by Donald Trump to be the next US secretary of state, is the long-time director of a US-Russian oil firm based in the tax haven of the Bahamas, leaked documents show.
Tillerson – the chief executive of ExxonMobil – has been a director of the oil company’s Russian subsidiary, Exxon Neftegas, since 1998. His name – RW Tillerson – appears next to other officers who are based at Houston in Texas; Moscow; and Sakhalin, in Russia’s remote Far East.
The leaked 2001 document comes from the corporate registry in the Bahamas. It was one of 1.3m files given to Germany’s Süddeutsche Zeitung by an anonymous source. The registry is public but details of individual directors are typically incomplete or missing entirely.
Though there is nothing untoward about this directorship, it has not been reported before and is likely to raise fresh questions over Tillerson’s relationship with Russia ahead of a potentially stormy confirmation hearing by the US senate foreign relations committee.
ExxonMobil’s use of offshore regimes – while legal – may also jar with Trump’s avowal to put “America first”.
Tillerson’s critics say he is too close to president Vladimir Putin – and that his appointment could raise potential conflicts of interest.
ExxonMobil is the world’s largest oil company and has for a long time been eyeing Russia’s vast oil and gas deposits. Tillerson currently has Exxon stock worth more than $200m.
Since his nomination, Tillerson’s Russia ties have become a source of bipartisan concern. In 2013 Vladimir Putin awarded him the Russian Order of Friendship. Tillerson is close to Igor Sechin, the head of Russian state oil giant Rosneft and the de facto second most powerful figure inside the Kremlin. A hardliner, Sechin is ex-KGB.
It was put on hold in 2014 after the Obama administration imposed wide-ranging sanctions against Russia. The sanctions were punishment for Putin’s Crimea annexation that spring and Russia’s undercover invasion of eastern Ukraine.
The ban covers the US sharing of sophisticated offshore and shale oil technology. Exxon was supposed to halt its drilling with Rosneft. The firm successfully pleaded with the US Treasury department to delay the ban by a few weeks, with the Kremlin threatening to seize its rig. In this brief window Exxon discovered a major Arctic field with some 750m barrels of new oil.
Tillerson has criticised the US government’s policy on Russia. In 2014 he told Exxon’s annual meeting that “we do not support sanctions”. He added: “We always encourage the people who are making those decisions to consider the very broad collateral damage of who they are really harming.”
It is widely assumed by investors that the new Trump administration will drop sanctions. This would allow the Kara joint venture to resume, boosting Exxon’s share price and yielding potential profits in the tens of billions of dollars. According to company records, Tillerson currently owns $218m of stock. His Exxon pension is worth about $70m.
The senate foreign relations committee is currently split 10 to 9 between Republicans and Democrats. But several heavyweight Republicans, including John McCain, have raised doubts about Tillerson’s nomination and his lack of experience to be America’s top diplomat after four decades spent exclusively in the oil industry.
Republican senator Marco Rubio – who sits on the committee – said on Tuesday that he had “serious concerns” about giving Tillerson the job. Rubio praised him as a “respected businessman” but said that the next secretary of state “must be someone who views the world with moral clarity [and who] has a clear sense of America’s interests”.
Tillerson is likely to get rid of his Exxon stock if the narrowly Republican-majority Senate confirms his appointment.
Today’s revelation sheds light on the use by multinational companies of contrived offshore structures, now under scrutiny following April’s massive Panama Papers leak.
Exxon Neftegas’s most important oil and gas project is Sakhalin-1. It is located in the sub-Arctic, off the frozen and difficult-to-access north-east coast of Russia’s Sakhalin island. This is 10,700km (6,650m) away from the subsidiary’s official business home in Nassau, the warm semi-tropical capital of the Bahamas. The Bahamas is notorious for secrecy. It has a corporate tax rate of zero.
The documents from the Bahamas corporate registry were shared by Süddeutsche Zeitung with the Guardian and the International Consortium of Investigative Journalists in Washington DC. They show that Exxon registered at least 67 companies in the secretive tax haven, covering operations in countries from Russia to Venezuela to Azerbaijan.
Exxon Neftegas features in about 25 leaked offshore documents. The oil firm was incorporated in 1998 by a law firm in Nassau, Higgs & Johnson. Another veteran law firm, Lobosky Management Ltd, subsequently took over as registered agent. Company secretary Sophia Kishinevsky signed the paperwork and made annual filings.
Exxon said it had no comment on whether Tillerson should now divest his Exxon holdings and resign from his positions with all Exxon entities. It said the oil firm had incorporated some of its affiliates in the Bahamas because of “simplicity and predictability”.
“It is not done to reduce tax in the country where the company operates,” Exxon said. It added: “Incorporation of a company in the Bahamas does not decrease ExxonMobil’s tax liability in the country where the entity generates its income.”
The firm was one of the largest taxpayers in the world, with an effective global tax rate in 2015 of 34%, it said. Its effective tax rate over the past three years – 2013, 2014, 2015 – was 43%, it added. This compared favourably with other Fortune 100 companies which “have substantially lower effective tax rates than ExxonMobil”.
And if you think that’s interesting, there will be more later.
Posted by DanielS on Wednesday, 14 December 2016 19:46.
Bloomberg, “Dollar Rises, Treasuries Fall With Stocks as Fed Raises Rates”, 14 Dec 2016:
- FOMC lift interest rates for only second time since 2006
- Officials signal steeper path for borrowing costs in 2017
The dollar rose and two-year Treasury yields reached the highest in seven years as the Federal Reserve signaled a steeper path for borrowing costs in 2017 after raising rates for the first time this year.Stocks pared declines as Chair Janet Yellen said changes in rate projections were ‘very modest.’
“The bottom line is that this is more hawkish than the markets expected,” said Dennis Debusschere, a senior managing director and global portfolio strategist at Evercore ISI in New York. “I don’t think the shift higher in the dots was priced in. The consensus going in was that they’d wait until they had details of the fiscal program before they actually raised the rate forecast, and they did that before they saw the details.”
The Fed’s path to tighter monetary policy has been delayed throughout 2016, as first instability in Chinese markets, then the shock votes for Brexit and Trump, put policy makers on the defensive. After Wednesday, traders see a two-in-three chance of additional rate increases from the Fed by June, futures show.