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c4ss:
There may be 147 companies in the world that own everything, as colleague Bruce Upbin points out and they are dominated by investment companies as Eric Savitz rightly points out. But it’s not you and I who really control those companies, even though much of our money is in them….
92 notes (via informationaction & c4ss)
Currently, just five banks control 90% of all derivatives contracts: JPMorgan Chase, Citigroup, Bank of America, Morgan Stanley and Goldman Sachs. The Commodity Futures Trading Commission (CFTC) had planned to require firms wanting a price for a derivatives contract to contact at least five banks. But after lobbying from financial institutions, the CFTC lowered the requirement to two banks.
(Source: thefreelioness)
30 notes (via beatyourselfup & thefreelioness)
Land Grab - Ethiopia
Ethiopia in particular has seen large international food producing companies swoop in and grab as much land as they can. In the Gambela region in western Ethiopia Indian companies have bought up and leased land the size of Britain. The government maintains that leasing the land is the best way to encourage development in the country. A surprising evaluation of the situation when one considers that the average wage paid to farm workers in Gambela by these Indian companies is less than $1 a day and all the produce (mostly rice, maize, sugar cane and palm oil) is shipped home to make huge profits on the Indian market. The following short documentary from Journeyman TV explains the situation in Gambela.
Surveillance keeps getting smarter.
New software brings face detection to stores and streets for $40 a month
Cara is a cheap, privacy-conscious tool that works on any standard webcam
53 notes (via rigintelligence & thisistheverge)
Fake MTA posters in NY Subway provide real information.
I just wish I knew where they were getting the info from.
1 note
These finally got printed!
Nice St Peter’s cross there bro
not the point ^
I totally agree with the statement, I’m just saying
(Source: cemeterygatesx)
577 notes (via freexcitizen & cemeterygatesx)
Bill Maher is taken apart by Glenn Greenwald for trying to absolve the US from any responsibility for the mass slaughter and destruction in Muslim countries, blaming it on Islamic fundamentalism, as if the Afghanistan and Iraq wars never happened, as if the US wasn’t pushing for more war in Iran, as if it isn’t intervening in Somalia and Yemen.Wow, what a great week. Bill Maher is being humiliated left and right. Maybe there is some justice in the world…
782 notes (via wearefuckingangry & mochente)
The Department of Homeland Security has apparently shut down a key mobile payments account associated with Mt. Gox, the largest Bitcoin exchange.
Chris Coyne, co-founder of online dating service OKCupid, tweeted out an e-mail he received from Dwolla this afternoon. The e-mail states that neither Coyne, nor presumably any other Dwolla user, will be able to transfer funds to Mt. Gox.
Dwolla confirmed the change to the New York Observer, which first reported the story. Dwolla received a seizure warrant from a federal court.
“The Department of Homeland Security and US District Court for the District of Maryland issued a ‘Seizure Warrant’ for the funds associated with Mutum Sigillum’s Dwolla account (a.k.a. Mt. Gox),” a Dwolla spokesperson told NYO’s BetaBeat. “Dwolla has ceased all account activities… for Mutum Sigillum while Dwolla’s holding partner transferred Mutum Sigillum’s balance, per the warrant.”
3 notes (via existentialistmumbojumbo)
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