Archive | July 7, 2014

Anglo-Americas, AngloGold Leaves the World Gold Council*

Anglo-Americas, AngloGold Leaves the World Gold Council*

ByCecilia Jamasmie

AngloGold Ashanti Limited is a global gold producer with 21 operations on four continents. AngloAmerican is the parent company. AngloAmerican owns the South African platinum mines that led to the biggest strike. AngloAmerican is controlled by the Rothschilds and South Africa’s Oppenheimer family.

In a blow for the World Gold Council, the industry’s market-development organization, South African miners AngloGold Ashanti (NYSE:AU) and Gold Fields (NYSE:GFI) have decided not to renew their membership citing fees issues.

As members pay per ounce of metal produced, both companies said they had to look at the cost-benefits of staying in the organization, amid their efforts to adjust to a gold price that has dropped 21% since the beginning of 2013.

The WGC counts among its members most producers of the precious metal, including Barrick Gold Corp. (TSE:ABX) and Newmont Mining Corp. (NYSE:NEM), the world’s largest gold miners.

South Africa produced more than two-thirds of the world’s gold at its peak in the 1970s, but the sector has been in decline for years as shafts have matured. However, it remains a key global producer of platinum, with the country home to about 80% of the proven reserves.


Related Topics:

South Africa’s Platinum Miners Resume Rothschild’s Work*

Illegal Gold-diggers Lead to Moratorium on Permits in Ghana*

Hoarding Gold: Deutsche Bank Takes up Rothschild’s Offer*

Namibia Plans to Sell its own Diamonds with De Beers aka Rothschild*

Bolivia Bans Partnerships with Multinationals*

Rothschild’s Rio Tinto Signs $20bn African Iron Ore Deal*

Recolonizing Africa: Consolidating African Oil Assets*

Rothschild, Morgan and Stanley in Bitter Takeover Battle for Giant US Copper Mine*

The World Cup is Damaging Brazil*

The World Cup is Damaging Brazil*

By Christopher Gaffney

In a normal month of June, Rio de Janeiro hosts at least 16 first-division soccer matches. São Paulo will typically see the same number. Salvador usually has around 8; ditto Recife, Fortaleza, Porto Alegre, Belo Horizonte, and Curitiba. None of these cities will host more than seven during the World Cup.

Compared to this time last year, Brazilian airlines transported15% more passengers per day than they are doing during the World Cup. The airports seem empty because they have fewer passengers. Planes are on time because they have fewer problems getting out of the gate. This is not to say that the Brazilians aren´t doing a good job with airline transport, but that the predicted problems have not emerged because Brazilians were so afraid of the problems that they aren´t traveling the way they normally do.

In a normal month of June, Brazil receives around 600,000 foreign visitors. That is the expected number of tourists that the country will receive for the World Cup. “Normal” tourists have been replaced by World Cup tourists, who are being bilked by hoteliers and tour operators.

In every host city, for every game, there is some kind of holiday. That’s 64 local holidays throughout the tournament. Schools have been closing to keep kids and teachers at home. If kids are not getting to school, some parents are staying home, too.

All of this—the holidays, the fear of logistical headaches, and a general party atmosphere—has been disastrous for Brazilian productivity, which has declined during the first round of the tournament. These costs are never factored into the general budget for the event.

Compounding the problem is the deficit spending of cities. A little-known fact about the World Cup is that all of the host cities have been granted an exception to the Law of Fiscal Responsibility (LFR), which prohibits urban administrations from deficit spending. Once released from fiscal responsibility, urban administrations started borrowing heavily and will have to start repaying as soon as the Cup is over.

The stadiums are (barely) up to FIFA standards, but they are antiseptic containers of global corporatism that negate the history and football culture of the cities in which they sit. We know about the elephantitis and the opportunity costs; we know that the vast majority of people cannot afford to go to football matches; but one thing I have not seen widely discussed is the anti-urbanism of these stadiums. In most cases they are completely isolated buildings, surrounded by a sea of parking and “zones of exclusion.” They may have LEED certification—a form of greenwashing) but they are DUMB in terms of weaving together the urban fabric.

Geographer David Harvey´s concept of accumulation by dispossession is a useful framework to understand all of the processes I have outlined above. The city governments dispossess residents of their streets by declaring holidays, keeping people at home. Public culture and public space are taken from the public realm as stadiums are sanitized, corporatized, and privatized. The right to free circulation and protest is limited by the police. Tax burdens for multi-national corporations and FIFA are annulled through special legislation. In short, the entire weight and power of the Brazilian state has collaborated with global financial and political interests to ensure that the World Cup happens in the smoothest manner possible.

The party is rolling on and there have not been any major horrors, so the international media parachuters are doing a kind of mea culpa: Sorry Brazil, it was unfair to predict disaster. This is a position that ignores the extent to which the entire country has been retooled to host 64 games of soccer.

The repressive and reactive police mechanism is there to guarantee that this event happens. The upper middle and middle classes from Latin America and elsewhere are enjoying the Brazilian festival while the elites of the world jet into and out of wherever they please, however they please, whenever they please. Yet those excluded from the party are suffering with even more repression than normal, or are hurting from a lack of police coverage because the “normal” coverage has been moved to the World Cup.

The media is underreporting the continuous protests that are unfolding in Brazilian cities. There continue to be strong undercurrents of dissatisfaction in the country. For the government and FIFA, the beguiling soccer and smooth logistical operations of the tournament have been a blessing. However, in the peripheries, the same repressive and violent police force continues to kill poor people, most of them black. While there is more conversation about these kinds of things than there was even two years ago, during the World Cup Brazil has doubled down on the military model of policing its population.


Related Topics:

The World Cup: London Did It – is Brazil Phasing in the Policed State*

A World Cup!? What’s Really at Stake in Brazil*

Brazil Ethnic Cleanses through the World Cup*

Brazil: The Colour of Eugenics*

Implementation of IMF Policies Created Brazilian Crisis*

JUDGE SLAMS Haringey Council over most shocking case ever – but family is destroyed anyhow

A Nigerian Family - Destroyed by Haringey Council - Gagged from Reporting

14 07 06 TelegraphBlessed be Christopher Booker who has been writing about hundreds of cases in secret family courts regularly for The Telegraph and the Daily Mail. About the Musas he published 14 articles and feared that they contributed to getting them behind bars…

Here he brings us the latest story about Haringey Council’s attempt to even change the names of the two youngest children to get them adopted against the parents’ will – our campaigning efforts in Brussels.

In today’s article he summarises the observations of a judge who, at long last, does not rubber stamp what Haringey Council want. Now retired Sir Nicholas Wall had done so when he famously said that “professionals don’t lie”- after horrendous ‘evidence’ was fabricated with the aid of a hospital.

However, what adds to this horrendous legitimisation of criminal activities, is the continuously bad treatment of mother and father in their prisons: first HMP…

View original post 209 more words

British MP Describes Pressure to not Expose Pedophiles in Parliament*

British MP Describes Pressure to not Expose Pedophiles in Parliament*

Related Topics:

Conscientious Police Officer Warned off British Elite Paedophile Ring*

British Governance: When You Fear the People…*

Forced to Go into Hiding a Victim of U.K. Paedophile Politicians Speaks Out*

A 1970’s Victim of Paedophile Network Speaks Out!

Guardsman Incarcerated for Thought Crime*

Sex attacks on under-11s rise by 14 per cent in one year

350,800 Missing Children Found in Mass Graves in Ireland, Spain, Canada*

Disappearing Children Behind a Wall of Secrecy

British Family Courts Why the Secrecy?

Adviser to Queen and Founder of Paedophile Support Group*

Pedophiles in Power

British Private Schools Facing Child Sex Abuse Claims*

****Up Nature: Sex change for Nine-year-olds*

Jesuit Pope Charged with Trafficking Orphans*

Pope Francis Health and Resignation!?

The Maastricht Proclamation: Replacing Papal Authority and Corporatism, with a new Common Law Covenant*

The Paths of Return

EU to investigate Amazon*

EU to investigate Amazon*

Officials from the European Commission have demanded that Luxembourg hand over documents relating to book retailer Amazon’s tax affairs. The crackdown by the EU has already affected Apple, Starbucks and carmaker Fiat’s financial arm.

The European Commission is investigating Amazon to see if its Luxembourg tax base complies with EU state aid rules and to see what kind of relationship exists between the tiny EU country and the bookseller, the Financial Times reports.

The Brussels-based Commission is carrying out fact-finding missions in various EU countries as part of its campaign to clamp down on so-called “sweetheart” tax deals with large companies.

There has already been significant criticism across Europe at Amazon’s tax structure. Evidence has come to light that some multinationals are paying virtually no tax at a time when EU governments have been forced to bring in tough austerity measures to cut state budget deficits.

Amazon is already under the spotlight about questions on its business practices, including harsh working conditions in its warehouses, squeezing suppliers and its role in pushing small high street book retailers into liquidation.

The latest accounts filed by Amazon EU Sarl reveal its sleek tax structure in Luxembourg, which reduced Amazon’s overall tax rate by 8 percent to 31.8 percent.

The investigation into Amazon comes after similar probes into Apple, Starbucks and Fiat Finance and Trade, which are also based in Luxembourg.

The investigations scrutinized the companies’ “transfer pricing” arrangements, which determine how taxable profits are allocated between countries – allowing them to pay significantly less tax.Luxembourg, according to the European Commission, has failed to fully cooperate with their investigation.

EU competition commission Joaquin Almunia is believed to want the investigation to be well under way by the time he leaves office later this year. He also hinted when the probe into the three multinationals began in June that the net could be cast more widely to catch companies pursuing “aggressive” tax avoidance.

“In the current context of tight public budgets, it is particularly important that large multinationals pay their fair share of taxes,” he said.

Apple’s tax affairs stirred disquiet last year after a US Senate committee claimed that by keeping its tax base in Ireland, it allowed the company to apply a corporate tax rate of just 2 percent.

Separately, the Paris based Organization for Economic Cooperation and Development (OECD) is planning to overhaul international tax rules for digital companies.


Related Topics:

Amazon out to Control what we Read!*