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The Pentagon Creates Partnership with Apple to Develop Wearable Tech

The Pentagon Creates Partnership with Apple to Develop Wearable Tech

Screen Shot 2015-08-28 at 10.49.50 AM

Last week, in the post JP Morgan Hires Recently Retired U.S. General, Raymond T. Odierno, I made the following observation:

How can you ensure that the interests of TBTF Wall Street mega banks and the military-intelligence-industrial complex remain aligned? Create a revolving door of course.

Of course it’s much, much bigger than this. The genius of the current status quo system is that it has created a complicated and opaque interlocking system of crony partnerships and interdependencies between the government, mega corporations and academia so massive, wealthy and powerful it has become exceedingly difficult to challenge. This is precisely because almost everyone now depends on it for their paychecks.

Creating such corrupt networks often happens in the shadows, and in recent years has taken the form of “public-private partnerships” and secret trade deals such as the TTP, TTIP and TISA. This is how modern America operates in a nutshell, and it’s continued metastasis is rapidly destroying what’s left of freedom, common sense and free markets in this nation.

Moving along to today’s post, how free does it make you feel that the Department of Defense is partnering with 162 companies, universities and other groups to develop wearable technology? How independent can these companies and universities actually be when they are engaged in such schemes with the U.S. government. The answer is obvious: Not independent at all.

From NBC News:

The Pentagon is teaming up with Apple, Boeing, Harvard and others to develop high-tech sensory gear flexible enough to be worn by people or molded onto the outside of a jet. 

The rapid development of new technologies is forcing the Pentagon to seek partnerships with the private sector rather than developing its technology itself, defense officials say. 

“I’ve been pushing the Pentagon to think outside our five-sided box and invest in innovation here in Silicon Valley and in tech communities across the country,” Defense Secretary Ash Carter said in prepared remarks on Friday. 

…click on the above link to read the rest of the article…

 

 

 

Forest Service Official Who Let Nestle Drain California Water Now Works For Them

Forest Service Official Who Let Nestle Drain California Water Now Works For Them

NestleAn ongoing investigation by The Desert Sun into Nestle’s contentious bottled water operations in drought-stricken California first disclosed that the company’s permit to draw water had a rather astonishing expiration date that occurred over a quarter century ago, in 1988. Recently, the Sunreported an update in the investigation with a jaw-dropping twist: the Forest Service — not Nestle — is the agency primarily responsible for failing to renew Nestle’s permit.

In fact, judging by the government agency’s complete inability to even review Nestle’s long-expired permit — not to mention the lucrative job a retired Forest Service supervisor currently enjoys — there is an arguable case that collusion and corruption are at the heart of the entire issue.

Forest Service officials shirked their duty to review the company’s long-expired permit by conducting numerous meetings about what was needed t0 initiate necessary procedures — but never once followed through with a single proposition to completion. Even the basic legality of allowing a private company to use federal land for the extraction and bottling of water for profitable sale was once called into question by several officials.

Letters, emails, and meeting notes clearly mark a number of instances where the review process and various studies of the environmental impact from continued collection of the spring water were initiated between 1999 and 2003 — but not followed up by any action. In fact, nothing in these documents offers definitive answers for the inexplicable lack of action on every aspect of the Arrowhead permit. Forest Service officials have given plenty of excuses — citing everything from a tight budget to limited staffing — for the reason other concerns were given priority.

…click on the above link to read the rest of the article…

 

Get Used to Selloffs, Central Bankers Say as They Fret about the Terrifying Moment When Liquidity Evaporates

Get Used to Selloffs, Central Bankers Say as They Fret about the Terrifying Moment When Liquidity Evaporates

Axel Weber, president of the Bundesbank and member of the ECB’s Governing Council until he quit both in 2011 to protest the ECB’s bond purchases, quickly landed a new gig: chairman of UBS. WHIRR went the revolving door. From this perch, he warned in 2012 that the easy-money policies and the expansion of central-bank balance sheets would lead to “new turmoil in the financial markets.” Now that the turmoil has arrived, he’s at it again.

“Volatility and repricing” – a euphemism for losses – are “part of getting back to normal,” he told NBC. We should get used to it, he said, echoing what ECB President Mario Draghi had said a couple of days ago. So no big deal. However, he was fretting “about the liquidity in the market, in particular under stress situations.”

Despite unleashing a deafening round of QE on the European markets, the ECB has watched helplessly as government bonds have done the opposite of what they should have done: Prices have plunged, and yields have spiked. The German 10-year yield soared in seven weeks from 0.05% to over 1% on Thursday, before settling down a bit. And it wasn’t even a “stress situation.”

US Treasuries have sold off sharply as well since the beginning of February, with the 10-year yield jumping from 1.65% to 2.31%, the worst selloff since the taper tantrum in 2013.

Now one word is on the official panic list: “liquidity.” They’re thinking about the terrifying moment when it suddenly evaporates.

Weber blamed central banks for the liquidity issues in the global bond markets. They’ve been buying “vast amounts of assets and putting them on their balance sheets”; not just government bonds but also corporate bonds. Since central banks “buy and hold,” they “take some liquidity out of the market.”

 

…click on the above link to read the rest of the article…

Introducing “Natural Gas Exports: Washington’s Revolving Door Fuels Climate Threat” | DeSmogBlog

Introducing “Natural Gas Exports: Washington’s Revolving Door Fuels Climate Threat” | DeSmogBlog.

DeSmogBlog’s Steve Horn and Republic Report’s Lee Fang have co-written an in-depth report on the influence thegovernment-industry revolving door has had on Big Oil’s ability to obtain four liquefied natural gas (LNG) export permits since 2012 from the Obama Administration.

Titled “Natural Gas Exports: Washington’s Revolving Door Fuels Climate Threat,” the report published here on DeSmogBlog and on Republic Report serves as the launching pad of an ongoing investigation. It will act as the prelude of an extensive series of articles by both websites uncovering the LNG exports influence peddling machine.

The report not only exposes the lobbying apparatus that has successfully opened the door for LNG exports, but also the PR professionals paid to sell them to the U.S.public. It also exposes those who have gone through the “reverse revolving door,” moving from industry back to government and sometimes back again.

It reveals that many former Obama Administration officials now work as lobbyists or PR professionals on behalf of the LNG exports industry, as do many former Bush Administration officials. So too do those with ties to potential 2016 Democratic Party presidential nominee, Hillary Clinton.

They include:

…click on the above link to read the rest of the article…

New Scrutiny of Goldman’s Ties to the New York Fed After a Leak – NYTimes.com

New Scrutiny of Goldman’s Ties to the New York Fed After a Leak – NYTimes.com.

From his desk in Lower Manhattan, a banker at Goldman Sachs thumbed through confidential documents — courtesy of a source inside the United States government.

The banker came to Goldman through the so-called revolving door, the symbolic portal that connects financial regulators to Wall Street. He joined in July after spending seven years as a regulator at the Federal Reserve Bank of New York, the government’s front line in overseeing the financial industry. He received the confidential information, lawyers briefed on the matter suspect, from a former colleague who was still working at the New York Fed.

The previously unreported leak, recounted in interviews with the lawyers briefed on the matter who spoke anonymously because the episode is not public, illustrates the blurred lines between Wall Street and the government — and the potential conflicts of interest that can result. When Goldman hired the former New York Fed regulator, who is 29, it assigned him to advise the same type of banks that he once policed. And the banker obtained confidential information, along with several publicly available facts, in the course of assignments from his bosses at Goldman, the lawyers said.

The information provided Goldman a window into the New York Fed’s private insights, the lawyers said, including details about at least one of Goldman’s clients, a midsize bank regulated by the Fed. Although it is unclear how Goldman bankers used the information, if at all, the confidential details could have helped them advise the client.

…click on the above link to read the rest of the article…

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