New York produced two big winners, Clinton and Trump. They may be the overall winners as a result. While they both appear unstoppable there is still more to come as the primary season winds down. And the betting money is still on a contested Republican convention so the best may be yet to come.
Home » Nooze (Page 41)
Category Archives: Nooze
Journalism and other myths.
Spatters of Dragon Blood
The “Panama Papers” were a delight for conspiracy theorists, who have long contended that the global monetary system is fundamentally corrupt and that world leaders are skimming huge amounts of money off the top of it. They are, of course, correct.
But lost in the salacious details of the story has been the real business of Mossack Fonseca, which is moving money out of China. We’ve covered this story before when the official estimates were that half a trillion left China last year alone. That number, it turns out, was off by at least as much again – and possibly much more.
At least a trillion dollars left China last year through a wide variety of creative means. Mossack Fonseca’s offices in Hong Kong handle a third of their total business, moving money around the globe through over 60k shell companies at an incredible pace. How much? That’s the multi-trillion dollar question.
A Durable City
The noise of construction and the vision of cranes on the horizon has become a feature of urban life in Minneapolis and St Paul lately, at least in some neighborhoods. The construction industry is booming, and the structures of choice are large apartment buildings. The demand appears insatiable – and no one is building condominiums. It’s all apartments, reaching to the sky in large complexes of 100 units and more.
My own neighborhood, West Seventh, is one of the hot-spots for this development craze. But are these units a good idea? Is this what the city needs? Or are we simply building the slums of tomorrow, today?
The 1%? Try the 31%
A lot has been made over the last decade of “The 1%”, the top wealth earners and owners in the nation. From Occupy Wall Street to the Sanders campaign there has been a call for a revolution of sorts to overthrown them and put the nation on the right path. The other 99%, the theory goes, cannot remain slaves forever.
As time has gone on, however, something strange happened to the calculus that went into describing the revolution. Those at the top of the wealth pyramid? They know there’s something wrong. Many are more than a little sympathetic, and most seem to be at least resigned to a more progressive system.
Meanwhile, genuine American fascism has risen in a boisterous and orange form. Who is the real enemy? Who do we need to rise up against? If you’re paying any attention it’s not necessarily the rich.
Today’s Pirates – the Panama Papers
Have you ever wanted to be a pirate? If being free on the high seas has an allure you may want to think again. Today’s pirates don’t have ships or parrots, nor do they take over other ships at sea. They’ve gone bigtime, making a lot more money off of the very lucrative practice of making money disappear even more surely than burying it in the ground.
That’s what has been shown in the “Panama Papers”, a huge stash of 11 million documents taking up about 2.5 terabytes of data. The leak of papers from Panamanian firm Mossack Fonseca is about ten times the size of Edward Snowden’s leak – and none of the secrets revealed are about security.
This is about money. Lots of it.
Barataria - The work of Erik Hare 