Fatster’s Roundup

oHai
Good morning.

International Developments

? “Former Iranian President Akbar Hashemi Rafsanjani has accused Iran’s leaders of incompetence and ignorance”.

? “Iran has installed hundreds of new centrifuges at its Natanz plant, the UN’s atomic agency says”.

? “Suicide bombers have struck a military camp and a French-run uranium mine” in Niger. At least 19 killed, 18 of them soldiers.

? “Britain to be physically removed from Europe”. 😉

International Finance

? Two points of light?  “Chile’s Recent Lead Negotiator on Trans-Pacific Partnership Warns It Could Be a ‘Threat to Our Countries'”.   There’s also concern in Japan.

? Ireland’s a wee bit uncomfortable with Apple’s disclosure of its Irish tax breaks.  Ireland’s Finance Minister pointed to the 150,000 Irish jobs generated by the Apple tax arrangement.  Prime Minister Enda Kenny called for a “new international consensus on tax regimes for multinationals” as he headed out the door to a EU meeting.

? “Shrinking eurozone output suggests recession in second quarter”.  France and Germany “still in contraction territory.”

? Stockholm suburbs ablaze  again due to “unrest sparked by long-term youth unemployment as poverty spreads.”

Money Matters USA

? “[D]esperate actions by desperate people fighting a rigged economic system and their own government’s implication in the policies that support it.”  Do-not-miss article by DDay on job action by fast food workers and federal minimum wage employees, homeowners’ protest in front of the DOJ, etc.

? Damage “caused by the relentless corporate drive for profits” is obvious.  ‘Multinationals’ = “No Allegiance to Anyone”, plus “Making the World Pay for Them”; includes a dirty quote from Larry Summers.

? Average CEO pay went from a record $9.6m in 2011 to $9.7m in 2012.  “Health care and media CEOs enjoyed the highest pay, while utility CEOs had the lowest”.  Oh, and 60% of CEOs got a raise last year.

? The West, TX fertilizer plant explosion last month “highlights the failing of a U.S. federal law intended to save lives during chemical accidents”. [cont’d]

Photo by Travis Wiens under Creative Commons license