Find Experts & Sources AlterLinks Indexes Home Subject Index Title Index Author Index Chronological Index Dewey Index Library of Congress Index Health Experts & News SOURCES - Experts & spokespersons News Releases Event Calendar Connexipedia Connexions Archive Connexions Calendar Seeds of Fire Alternative Sources Civil Liberties Conflict Resolution Consensus Co-operatives Diemer.ca Farragher.ca Free Speech Connexions Marxism Resources Political Alternatives Radical Political Thought Revolution Self-Determination Socialism in Connexions Sources Unoffensive free speech Universities & Colleges Health Practitioners Other Resources Getting Publicity Media Directory Twitter Connexions Library Subject Index Connexions Library Title Index Ulli Diemer Blog

Banking Industry AlterLinks Topic Index Authorities ramp up pressure on media over banking disclosures Sources News Release Resource Type: Article Published: 2015 Bulgarian Financial Supervision Commission has imposed fines of up to 80,000 euros each on several newspapers for disclosing information about the banking sector. Reporters Without Borders deplores this political attempt to silence news organizations Banks Are "Where the Money Is" In The Drug War Big Lenders Face Few Hard Consequences for Violating Anti-Money Laundering Laws Resource Type: Article Published: 2012 Man of the largest banks in the world have been accused of failing to comply with anti-money laundering laws — thereby enabling, collectively, hundreds of billions of dollars worth of suspicious transactions to move through the banking system absent adequate monitoring or oversight. Behind the Money Curtain: A Left Take on Taxes, Spending and Modern Monetary Theory Resource Type: Article Published: 2018 Taxes do not fund government spending.That's a core insight of Modern Monetary Theory (MMT) whose radical implications have not been understood very well by the left. Indeed, it's not well understood at all, and most people who have heard or read it somewhere breeze right past it, and fall back to the taxes-for-spending paradigm that is the sticky common wisdom of the left and right. Beyond Banksters Resisting the New Feudalism Resource Type: Book Published: 2016 Beyond Banksters explores how the powers of the Bank of Canada were appropriated in the 1970s, resulting in billions of dollars in public debt. From Milton Friedman to Justin Trudeau's Canada Infrastructure Bank, from BlackRock to crappy trade deals to Bilderberg, Nelson exposes the major players privatizing the world and creating a new state of feudalism. Icelanders resisted. Nelson says Canada must too. Bubbles Always Burst: the Education of an Economist Resource Type: Article Published: 2015 Spouting ostensible free market ideology, the pro-creditor mainstream rejects what the classical economic reformers actually wrote. One is left to choose between central planning by a public bureaucracy, or even more centralized planning by Wall Street’s financial bureaucracy. The middle ground of a mixed public/private economy has been all but forgotten, denounced as "socialism." Yet every successful economy in history has been a mixed economy. 'But the banks are made of marble' -- how banks screw the world Resource Type: Article Published: 2015 Across Africa, western Asia and Latin America in the 1980s, the growth of per capita GDP was brought to a halt. This was not a recession, it was a severe depression. And its cause was reckless lending by banks in the ’70s. A decade earlier, the euro currency had been invented. US dollars deposited in non-US banks and held there to avoid restrictions of US laws became negotiable financial instruments. These formed the basis for an unregulated market specialising in short-term loans. Canadian Bankers Association Media Profile in Sources Resource Type: Organization Church Presentation to the Annual Meetings of Three Canadian Banks Re: Loans to South Africa Resource Type: Article Published: 1976 A statement questioning the morality of loaning money to a racist South African government. Connexions Digest Issue 54 - February 1992- A Social Change Sourcebook Resource Type: Serial Publication (Periodical) Published: 1992 'A Conspiracy Of Silence' - HSBC, The Guardian And The Defrauded British Public Resource Type: Article Published: 2015 Journalist Nafeez Ahmed has delved deeper into the HSBC scandal, reporting the testimony of a whistleblower that reveals a 'conspiracy of silence' encompassing the media, regulators and law-enforcement agencies. 'A Conspiracy Of Silence' -- HSBC, The Guardian and the Defrauded British Public Resource Type: Article Published: 2015 An investigator and anonymous whistleblower talk about the suspicious lack of coverage and attention to the HSBC tax evasion scandal. This article talks about the scandal itself and criticizes the British liberal media. Corporate Power and Canadian Capitalism Resource Type: Book Published: 1986 Carroll looks at the accumulation of capital in Canada since the Second World War. Most of the book is devoted to tracing actual patterns of corporate ownership and intercorporate relationships. The Corporations and the State Essays in the Theory of Capitalism and Imperialism Resource Type: Book Published: 1974 Essays discussing modern U.S. capitalism and imperialism. Each chapter tries to delineate the relationship between 'economic' and 'political' processes, or at least recognize the unity between them. The unifying them is the role of the large corporations in U.S. society and the world eonomy, and the relationship between these corporations and the capitalist state. Deutsche Bank Pays $2.5 Billion Fine For Interest Rate Rigging Resource Type: Article Published: 2015 Deutsche Bank has agreed to pay out $2.5 billion fine to settle U.K. and U.S. government investigations into allegations of fixing global interest rates, months after 6 other banks paid out $4.3 billion on similar charges. Activists say that the banks should have faced criminal charges. EuroZone Profiteers: How German and French Banks Helped Bankrupt Greece Resource Type: Article Published: 2015 We should be clear: almost none of the huge amount of money loaned to Greece has actually gone there, says Joseph Stiglitz, former chief economist of the World Bank and a Nobel Prize winner in economics. It has gone to pay out private-sector creditors – including German and French banks. The Fight for Canada Four Centuries of Resistance to American Expansionism Resource Type: Book Published: 1993 In an effort to realize their grand dream of one nation from Panama to the Arctic, Americans have attempted to conquer Canada using war, trade sanctions, and political interventions of all kinds. "That fight for Canada continues to this day," says David Orchard. The Foreclosure-to-Rental Screwjob Bernanke's Double-Whammy Resource Type: Article Published: 2011 The US government is preparing to bail out the banks once again. The Great Ponzi Scheme of the Global Economy Resource Type: Article Published: 2016 Chris Hedges has a discussion with the economist Michael Hudson (author of Killing the Host: How Financial Parasites and Debt Destroy the Global Economy) on a great Ponzi scheme that not only defines not only the U.S. but the global economy, how we got there and where we’re going. Greek Debt and the New Financial Imperialism Resource Type: Article Published: 2016 Describes how the Greek goverment is forced to extract income and wealth from its workers and small businesses resulting in a new form of financial imperialism that smaller states and economies, planning to join larger free trade zones and 'currency unions' should avoid at all cost. The Growth Illusion How economic growth has enriched the few, impoverished the many and endangered the planet Resource Type: Book Published: 1999 Douthwaite argues that strategies used by governments to raise national income often increase poverty and unemployment. Moreover, in the USA, Britiain, Germany and Australia, each increase in national income consumes more resources than it creates on a sustainable basis. In other words, these economies are running backwards and making their citizens worse off. Hang Onto Your Wallets: Negative Interest, the War on Cash and the $10 Trillion Bail-in Resource Type: Article Published: 2015 If you’re an ordinary saver with your money in the bank, you may soon be paying the bank to hold your funds rather than the reverse. Iceland Jail Top Bankers For 46 Years, Europe 'Outraged' Resource Type: Article Published: 2016 Iceland has differed from the rest of Europe and the US by allowing bankers to be prosecuted as criminals, rather than treating them as a protected species. A Marxist History of the World part 105: The 2008 Crash: from bubble to black hole Resource Type: Article Published: 2012 The financial crisis represents the end of an era in which greed and casino-madness had been given free rein by market deregulation and rising debt. News website harassed for investigating banking sector Sources News Release Resource Type: Article Published: 2012 Reporters Without Borders strongly condemns the proceedings that four banks have initiated through the Bulgarian National Bank against the news website Bivol.bg over an article about alleged bad practices by certain banks. Open Veins of Latin America Five Centuries of the Pillage of a Continent Resource Type: Book Published: 1973 A political economy, a social and cultural narrative, and a powerful description of primitive capital accumulation. Other Voices: The Connexions Newsletter - June 18, 2015 Corruption Resource Type: Serial Publication (Periodical) Published: 2015 Corruption - or at least some types of corruption - are much in the news, with the ongoing scandals in the Canadian Senate and the recent U.S. targeting of the Swiss-based football federation FIFA for alleged bribery. In this issue, we look at these and other forms of corruption. Diana Johnstone writes about the double standards displayed by U.S. institutions, which happily target enemies and rivals, while ignoring the much greater corruption that underlies the power structures in Washington. We feature an article detailing how much money U.S. Senators received from corporations prior to their vote on the TPP negotiations, as well as materials on criminal conduct by some of the world's biggest banks, and an article on the work of investigative journalists in exposing corruption. Other Voices: The Connexions Newsletter - May 7, 2016 Tax Evasion Resource Type: Serial Publication (Periodical) Published: 2016 Employing a network of accountants, tax lawyers, corporate shells, tax havens, secret bank accounts, and other methods, the 1% have become extremely adept at evading even the low rates of taxation they are subjected to. Other Voices: The Connexions Newsletter - March 18, 2017 Public Transit Resource Type: Serial Publication (Periodical) Published: 2017 Public transit - good affordable public transit - is key to a liveable city. Around the world, there are movements of transit riders fighting for better public transit. A key perspective guiding many of these struggles is the idea that transit should be free, that is, paid for not by fares, but out of general revenues. This is how roads are normally funded: their construction and maintenance are paid for by taxes, rarely by user fees. Free public transit by itself would not be enough, however. We also need good transit, transit that runs frequently and goes where people want to go. Parasites in the Body Economic: the Disasters of Neoliberalism Resource Type: Article Published: 2015 Michael Hudson discusses his new book, "Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy." PricewaterhouseCoopers LLP Media Profile in Sources Resource Type: Organization Project Chile Resource Type: Article Published: 1977 The pamphlet serves as background material for Project Chile, a national campaign to stop Canadian private investment in Chile and all governmental support for such investment until human rights and democratic institutions are restored. Secrecy for Sale: Inside the Global Offshore Money Maze Resource Type: Article Published: 2013 Big players are taking unprecedented steps to stop offshore abuses, but financial crime fighters worry reforms don’t go far enough. The Seven Laws of Money Resource Type: Book Published: 1974 A book that tells you how to live with money; how to get it, care for it, forget about it. Six Banks Pay $5.6 Billion in Fines for Foreign Exchange Manipulation Resource Type: Article Published: 2015 Six major international banks – Bank of America, Barclays, Citibank, JPMorgan Chase, Royal Bank of Scotland (RBS) and Union Bank of Switerland (UBS) – have agreed to pay $5.6 billion in fines for rigging global foreign exchange markets. Tax Evasion Introduction to the May 21, 2016 issue of Other Voices Resource Type: Article Published: 2016 The essence of the capitalist economic system is the drive to accumulate as much as possible, by any means possible. It is almost inevitable, therefore, that those – individuals or corporations – whose existence revolves around accumulating capital will seek to avoid paying taxes. TPP Trade Pact Would Give Wall Street a Trump Card to Block Regulations Resource Type: Article Published: 2015 Banks and other financial institutions would be able to use provisions in the proposed Trans-Pacific Partnership to block new regulations that cut into their profits, according to the text of the trade pact released this week. The Trouble With Billionaires Resource Type: Book Published: 2010 The glittering lives of billionaires may seem to be a harmless source of entertainment, but authors Linda McQuaig and Neil Brooks argue that such financial power not only threatends everyone's economic and social well-being but also upsets the very functioning of democracy. Our society tends to regard great wealth as evidence of exceptional talent or accomplishment. Yet spectacular fortunes are often attributable to luck, ruthlessness, cheating, or advantageous positioning that allow some to build on the work and insights of others who have paved the way. We attacked the bankers, but took our eyes off the whole rotten system Prince Andrew says that bonuses are minute 'in the scheme of things'. He is half-right. We must take the focus off individuals Resource Type: Article Published: 2009 Much focus has been placed on individual bankers who, despite the banking crisis, are collecting exorbitant bonuses, diverting attention from the underlying systems that allow banks to own and trade risky securities -- a more intrinsic contributor to the economic crisis. What is to be done with the banks? Radical proposals for radical changes Resource Type: Article Published: 2016 Nine years after the outbreak of the financial crisis that continues to produce damaging social effects through the austerity policies imposed on victim populations, it's time to take another look at the commitments that were made at that time by bankers, financiers, politicians and regulatory bodies. Those four players have failed fundamentally in the promises they made in the wake of the crisis – to moralise the banking system, separate commercial banks from investment banks, end exorbitant salaries and bonuses, and finally finance the real economy. We didn't believe those promises at the time, and for good reason. Why Do Banks Really Want Our Deposits? Hint: It's Not to Finance Loans Resource Type: Article Published: 2014 Many authorities have said it: banks do not lend their deposits. They create the money they lend on their books.

AlterLinks

© 2019. The information provided is copyright and may not be reproduced in any form or by any means (whether electronic, mechanical or photographic), or stored in an electronic retrieval system, without written permission of the publisher. The content may not be resold, republished, or redistributed. Indexing and search applications by Ulli Diemer and Chris DeFreitas.