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In a move that can only be expected from financial organizations that drowned the global economy to save themselves, Banks who act as cheerleaders for anti-worker (and sometimes illegal) actions of companies like Uber are demanding to be saved from the same disruption.
A new report from McKinsey financial consultants shows that emerging technology companies are focused on inserting themselves where money transactions occur -- at the cash register. Banks currently get much of their profit from fees charged at points of sale, credit cards and car loans. McKinsey shows those profits could drop 40-60%.
The same pressures on banks are being felt in other industries as costs for services are reduced through insertion of technology that either replace workers or make it easy get around slow-to-evolve regulations. Financial service transactions are where banks gain 22 per cent return compared to just six per cent from holding and investing your money.
Hypocrisy, it seems, is not in a bankers dictionary.
You know it has been a long campaign when the mainstream media is forced to talk about trade deals to have something new to say. Fair trade campaigners have been trying to get the next generation of free trade contracts like CETA, TiSA and the TPP on the radar for years. While the Trans Pacific Partnership (TPP) has been a threat to Canadian jobs since negotiations started, concerns have been ignored by the corporate media. After all, for big business, Canada is a "trading nation" and therefore can only benefit from agreements that reduce our rights to regulate capitalism -- never mind the inequality those politicies have brought.
The long-time focus of socialists has been on the excessive limitations these supposed "free" trade deals place on all levels of government. However, the media does not like to talk about issues that do not fit into sound bites and trade agreements are the antithesis of a sound bite subject. In fact, even the current turn of events -- sparked by the NDP -- is not about the substance of the deals, but is about democracy and the Conservatives' disregard of it.
The argument is that the Conservatives have no right to sign a massive trade agreement that will limit future governments in the middle of an election campaign. Signing on now is on par with a six year old yelling "keepsies, no backsies" in a game of tag. It just does not wash when establishing law.
There are many reasons to be opposed to TPP including workers' rights, the environment, regulatory standards, restraints on procurement, intellectual property rights and copyright issues. However, most activists do not mind why we are talking about trade agreements so long as we are talking about them. Maybe the highlight on trade will bring some to understand that other agreements being negotiated all pose a similar threat as the TPP.
The link address is: https://www.etuc.org/documents/emergency-motion-tisa#.Vg5Tw7Ttmko
The link address is: http://www.bbc.com/news/uk-34401412
Also see: Obama’s War of Choice: Supporting the Saudi-led Air War in Yemen | Council on Foreign Relations
And: Saudi Arabia: US 'welcomes' UN decision to put kingdom in charge of a key human rights panel | The Independent
And: UK and Saudi Arabia 'in secret deal' over human rights council place | The Guardian
The link address is: http://www.counterpunch.org/2015/09/29/dr-jamal-barzinji-1939-2015-in-memoriam/
Jeremy Corbyn has given hope to my generation. Please don’t let the cynics take it away | New Statesman
Also see: Jeremy Corbyn says Britain 'can and must change' | BBC
"The thirst in the hall for him to do well was tangible. Some members of the party have wanted to hear a speech like this for years. And although he never really expected to be doing one of the most high-profile, hardest jobs in politics, if Jeremy Corbyn was nervous, he didn't show it. [T]he audience was pleased to see him, applauding for two minutes on their feet before he even said a word."
Volkswagen, a prized and
reputable car giant has for years been polluting the air we breathe in
what is now known to be a scandal of deception and cheating of great
proportions. 11 million vehicles world-wide have been affected. The
numbers being floated as what Volkswagen could potentially face in fines
At face value, the scandal has brought consternation to Germany's car manufacturer. Reactions from the public all over the world have been one of shock and awe: a cherished maker of cars had cheated consumers on two fronts: by installing spy software in their cars, and by skirting environmental regulations. On both accounts, Volkswagen faces a long road ahead to live them down.
Now, chances to expose big business in this way are few are far between. If anything, the Volkswagen scandal should confirm that "corporate accountability" is not backed up with adequate oversight from governments. As companies become bigger and more international, what is the proper way to avoid such deception and maintain international standards that respect basic principles of living together as a society?