asterisk2a + willful   16 - Mediathek: Das wird bitter - High fructose corn syrup (HFCS) (also called glucose-fructose, isoglucose and glucose-fructose syrup) [ Is cheaper. = More profit. US agriculture lobby put their people and money in place in Brussels with succes. - &! ] Das wird bitter Industriezucker darf ab 2017 ungezügelt in die EU: Der Ernährungsmediziner Dr. Gerd Claußnitzer warnt vor dem Industriezucker Isoglucose: Er kann Fettleber und Diabetes auslösen helfen. // Isoglucose may take up to 30% of the current European sugar market after quotas are removed in 2017, according to a new report. - // --- change has to be bottom-up --- //&!
Big  Sugar  processed  food  food  engineering  food  industry  non-alcoholic  fatty  liver  disease  pre-diabetic  diabetes  metabolic  syndrome  insulin  resistance  fast  food  junk  food  Chain  Whole-Food  Plant-Based  Diet  lobbyist  lobby  Lobbying  Wall  Street  shareholder  value  profit  maximisation  agriculture  industry  agriculture  policy  industrial  agriculture  Consumer  Protection  USA  obesity  epidemic  obesity  Standard  American  Diet  Western  pattern  TTIP  NAFTA  corporate  scandal  PR  reframing  framing  spin  doctor  zombie  public  health  sick  population  public  health  policy  health  care  budget  health  care  spending  health  crisis  Brussels  European  Parliament  revolving  door  bribery  corruption  willful  ignorance  willful  negligence  Carnism  omnivore  Vegan  Whole  Plant  Foods  Career  Politicians  No  Representation  corporate  state  corporate  media  choice 
october 2015 by asterisk2a
Volkswagen Congress Hearing: Emissions scandal - watch live - YouTube
VW USA subsidiary CEO Michael Horn. // 'VW the people's car.' 36:40 - I had no understanding what a defeat device is & that it could be installed to cheat emission tests. [<< Symptom of being a conglomerate! Corporate Culture & Values.] min 38:09 - Is hardware, software & even has to do something with the fuel tank. In some models (gen 2) its just software & a sensor. // 49:20 - framing of the answer with EPA (influenced?), cars on the road right now, even they are not passing emissions test, "are legal & safe to drive for the owners." // min 57 NOx, air pollution. 'compensation will be part of discussion'. 40 times than allowable limit. // 1:11:00 - according to him, @ the current state of investigations, this was out of the engine-drivetrain-engineering/software/emissions department within VW. Was not a corporate executive decision from the top. [My 2 cents: more likely decision was made within those departments due to pressure from top to make the test pass happen. << 1:51:00]
VW  Volkswagen  conglomerate  corporate  culture  corporate  values  air  pollution  libor  rigging  scandal  banking  crisis  investment  banking  self-regulation  regulation  regulators  accountability  Wall  Street  shareholder  value  profit  maximisation  retail  banking  PPI  mis-selling  scandal  bank  crisis  CDO  CDS  pharmaceutical  industry  pharma  big  pharma  corruption  bribery  Petroleum  automotive  autoindustry  carbonemission  carbonfootprint  emissions  white-collar  crime  Justice  System  Law  &  Justice  corporate  state  corporate  media  Positioning  Meat  Egg  Dairy  food  industry  lobbyist  lobby  Lobbying  revolving  door  conflict  of  interest  fiduciary  responsibility  exploitation  ethics  ethical  machine  democracy  Career  Politicians  No  Representation  double  standard  Abgas-Affäre  Interestrateswap  corporate  social  responsibility  corporate  scandal  Chemical  Fashion  deception  PR  spin  doctor  monopsony  oligopol  madoff  Enron  Worldcom  BP  accounting  accounting  scandal  tax  evasion  tax  avoidance  crony  capitalism  TBTF  too  big  to  jail  too  big  to  bail  Ego  arrogance  Monsanto  Protection  Act  patent  troll  intellectual  property  willful  ignorance  willful  negligence  DeepwaterHorizon  tax  code  consumer  fraud  Protection 
october 2015 by asterisk2a
Dr. Carl Hart - Debunking Drug Myths | London Real - YouTube
addictive: sugar+fat mix, alcohol, tobacco, ... [...] criminalising doesn't work (deviant behaviour = Religious), have to allow it supervised (clean drugs, not stretched nor other toxic ingredients) & educate & regulate. based on the scientific evidence it is the best choice for governments pockets (less cost for police and law enforcement, as well new consumer tax source and business tax source, and local gov/councils; paying for license to sell and grow/make, oversight and regular check-ups like food safety and hygiene laws). [...] drugs are an excellent way to vilify and marginalise certain kinds of people. see relative new legal high; media manufactured consent. they are dangerous bc nobody knows what they are & what is in then & there are no clinical trials ie for establishing safety limits! as gov also established safety recommendations for alcohol [...] gov does what voters want them to do (ie both Clinton's against gay marriage) // full episode -
addiction  War  on  Drugs  science  public  health  public  health  policy  book  manufactured  consent  cannabis  Marijuana  opiate  legal  high  Career  Politicians  parenthood  parenting  progressive  human  progress  Religion  tabu  public  awareness  public  discourse  public  perception  public  image  public  opinion  democracy  education  policy  minority  Social  exclusion  discrimination  discrimination  marginalised  groups  marginalized  groups  prejudice  media  conglomerate  Lügenpresse  Legalisation  self-awareness  intolerance  willful  ignorance  harm  reduction  decriminalization  prison–industrial  complex  decriminalisation  public  health  risk  health  crisis  regulation  regulators  oversight  society  sociology  Gesellschaft  prohibition  culture  conservative  medical  research  bias  Zivilcourage  courage  civil  courage  Leadership  vision  fairness  injustice 
june 2015 by asterisk2a
Nick Hanauer: Beware, fellow plutocrats, the pitchforks are coming - YouTube
- history has it that the thriving middle class made USA. period. // --- and the future of work - needs investment! as capitalism, a flat world and software eats the world - eats up jobs (robots, automation, off shoring, outsourcing, outside advisory and contractors only (for everything that is not key) etc). >> thus education has got to change to be for the 21st century || + Eric Liu: Why ordinary people need to understand power --- #civic #PowerPlay #AbuseofPower #illiteracyaboutpower #willfulignorance >> #participation #calltoaction #sharewhatyoudo +!+!+ +!+!+
Super  Rich  1%  tax  evasion  tax  avoidance  tax  code  fairness  plutocracy  Career  Politicians  Gini  coefficient  inequality  income  inequality  working  poor  squeezed  middle  class  USA  economic  history  social  mobility  income  mobility  trickle-down  economics  wealth  distribution  income  redistribution  income  distribution  disposable  income  skill-biased  technological  change  education  policy  Public  infrastructure  investment  investment  personal  investment  Future  of  Work  Mobile  Creative  Mobile  Creatives  practical  skills  practical  skill  set  human  capital  capital  skills  workless  underemployed  flat  world  competitive  advantage  competitiveness  competitive  comparative  advantage  quality  of  life  standard  of  living  life  balance  globalisation  globalization  Utopioa  Indignados  Indignants  occupywallstreet  GFC  Wall  Street  crony  capitalism  corporatism  bribery  corruption  Lobbying  lobbyist  lobby  No  Representation  society  well  being  civic  life  civic  society  personal  values  Power  Play  abuse  of  Democratic  Process  democracy  willful  ignorance  citizen  ethical  machine  long-term  thinking  long-term  view  western  society  civil  society  Zivilgesellschaft  Politics  Political  Governance  participation  participation  rate  voter  turnout  oligarchy 
august 2014 by asterisk2a
David Bagley: HSBC chief quits in front of U.S. Senate committee as bank is accused | Mail Online
The head of compliance at HSBC resigned in front of a US Senate subcommittee today after it emerged the bank had exposed the US to billions of dollars worth of money laundering, drug trafficking, and terrorist financing.

The revelations are another blow to the reputation of the banking industry following the current scandal over the manipulation of the Libor inter-bank lending rate.

Stepping down: David Bagley quit his post before the Homeland Security and Governmental Affairs subcommittee in Washington today

An explosive report claims a 'pervasively polluted' culture at HSBC led it to act as financier to clients seeking to route shadowy funds from the world's most dangerous and secretive corners, including Mexico, Iran, the Cayman Islands, Saudi Arabia and Syria.

That banks sometimes have been looking over the issue of murky business (ethically and morally). It is no new news. But that some higher up has to quit - is a first.
moralhazard  ethics  Willful  ignorance  misconduct  accountability  trustagent  trust  HSBC  oligopol  drug  cartel  banking  crisis  bank  crisis  banking 
july 2012 by asterisk2a
Bank of England governor claims he only knew of misreporting of Libor TWO WEEKS ago despite US warning in 2008 | Mail Online
Bank of England governor claims he only knew of misreporting of Libor TWO WEEKS ago despite US warning in 2008

Deputy governor Paul Tucker said the warning from the US 'did not set alarm bells ringing'
Emails have emerged showing the close relationship between Mr Tucker and former Barclays boss Bob Diamond
Labour MP claims the emails show the Bank of England 'tried to get banks to lower Libor rate'
Sir Mervyn told MPs that Barclays was in a 'state of denial' over regulatory concerns with the bank
He said the bank sailed 'too close to the wind' several times with regulators and said it was time to create 'a new bank with a new culture'

* Obvious that during 2007/08/09 - everything was on the table to save the banks from collapse (the financial system, and global economy) and national bailouts. Obvious that they don't want to admit that they were willing to cross several lines (morally, ethically, and concerning laws). DOJ's & SFO job is to prosecute even at the top now!
confidence  trustagent  trust  2008  banking  crisis  bank  crisis  transparency  accountability  Willful  ignorance  fraud  misconduct  GFC  NYFed  BBA  bobdiamond  BOE  MervynKing  PaulTucker  LIBOR  rigging  scandal 
july 2012 by asterisk2a
Full PFG CEO Suicide Note | ZeroHedge
"I have committed fraud. For this I feel constant and intense guilt...
The forgeries started nearly twenty years ago...
Should I go out of business or cheat...
I guess my ego was too big to admit failure..."


Inept regulators

The prolonged nature of the fraud is sharpening criticism of regulators like the National Futures Association, the industry group that had first-line responsibility for overseeing non-exchange brokers like PFG. MF Global, by contrast, is believed to have tapped into client funds in a desperate bid to keep itself afloat during its final days.


How PFGBest Differs From MF Global, Lehman

regulators are looking red-faced and inept
2012  Peregrine  Financial  confidence  trustagent  trust  accountability  Willful  ignorance  misconduct  fraud  GFC  MFGlobal  regulators  CFTC  NFA  PFGBest 
july 2012 by asterisk2a
Peregrine Scandal Widens - YouTube
Investigators in the Peregrine Financial Group scandal examined U.S. Bank in relation to its role in overseeing client funds on Wednesday and traders expressed frustration with regulators for missing signs of the alleged fraud.

- wilful ignorance
CME  MFGlobal  Segregated  Funds  confidence  trustagent  trust  regulators  audit  larceny  fraud  Willful  ignorance  CFTC  NFA  Peregrine  Financial  PFGBest 
july 2012 by asterisk2a
BBC News - Tucker denies role in Libor 'cesspit'
The Deputy Governor of the Bank of England Paul Tucker has compared abuse of the inter-bank lending rates (Libor) to a "cesspit" during evidence to the Treasury Select Committee.

He denied any government minister had encouraged him to "lean on" Barclays or any other bank over Libor and denied any knowledge or part in manipulation of interest rates.
AlistairDarling  gordonbrown  EdBalls  accountability  misconduct  Willful  ignorance  manipulation  bobdiamond  barclays  BOE  PaulTucker  LIBOR  rigging  scandal 
july 2012 by asterisk2a
Lord Ashdown's powerful response to Lord Carlile's attack on reform, from his former party leader | Mail Online
We think we are facing an economic crisis. But we are also facing a political one. The people have lost confidence in politicians – and with good reason.


But when it comes to holding the Executive to account, we are incapable of doing it. How can we hold the Government to account when we are the creatures of its patronage! If the Lords had been able to do this job properly, we would never have had the Poll Tax or, I fancy, the Iraq War.


... If we don’t reform, then the number of Lords could well rise from 800 to more than 1,000. All of whom can draw their untaxed
allowance of £300 a day – for life. Cost? £18.7 million and counting.

[...] we should be ashamed that a part of our Parliament remains an undemocratic leftover from a bygone age.

governance  nickclegg  davidcameron  monarchy  history  accountability  Willful  ignorance  unintended  consequences  society  policy  folly  policy  error  politics  democracy  UK  greatrecession  GFC 
july 2012 by asterisk2a
BBC News - Barclays - a day of unanswered questions
A whistleblower at the Financial Services Authority (FSA) has already told the committee he believes the FSA has e-mail evidence of exchanges between the Barclays and the Bank of England about the Libor rate.

At the very least we need Tucker's written account of his own side of that conversation. So far he has volunteered no account and has been screened behind the Bank of England's press operation, which says they can't comment on anything not in the FSA judgment.

At the level of Barclays' senior management we need to know - and this is the critical question: why did Jerry del Missier form the opinion that Tucker had ordered the rigging of Libor?

If that were me, and I was ordered to breach my professional and industry rules, I would be checking the exact meaning with the boss I have just spoken to. We need to know what Del Missier actually did.

Bob Diamond, so far, he has not admitted culpability - only responsibility.

SFO, FSA and DOJ (USA) need to start bringing charges.
confidence  2012  2008  creditcrunch  greatrecession  GFC  bank  crisis  banking  crisis  manipulation  DOJ  SFO  transparency  accountability  trustagent  trust  Willful  ignorance  misconduct  fraud  politics  AlistairDarling  EdBalls  gordonbrown  USA  Fed  NYFed  MervynKing  UK  BBA  FSA  bobdiamond  barclays  EURIBOR  LIBOR  LIBOR  rigging  scandal  BOE  PaulTucker 
july 2012 by asterisk2a
Libor scandal rocks banking - YouTube
The banking system is in the spotlight again amid rising political and public anger over the Libor scandal. Philip Augar, a former investment banker and author, and Patrick Jenkiins the FT's banking editor, discuss the case for structural and cultural reform in the banking sector with analysis editor Frederick Studemann.
fraud  misconduct  Willful  ignorance  moralhazard  toobigtofail  shareholder  corporate  governance  greed  capitalism  greatrecession  GFC  2012  banking  crisis  FSA  regulation  bank  crisis  BBA 
july 2012 by asterisk2a
Labour reluctantly agrees to Parliament probe into banking scandal as MPs vote against call for judge-led inquiry | Mail Online
My Take
> Yes, because Labour government under Gordon Brown, BOE with Mervyn King and Paul Tucker and the FSA as well as other central banks ie NYFed/Fed and regulators turned a blind eye on the issue back in 2007/8/9 because during the Great Financial Crisis, everything was on the table to stabilise financial markets & minimise damage to the economy, trying to save what to save is.
> One has to question the Gov Coalition (Conservatives&LibDems;) for wanting just an inept Parliamentary Inquiry. Preventing collateral damage on own sides? And was Ed Balls playing game of chicken [game theory] 4 demanding a judicial inquiry knowing the Gov would not run with?!
> On the other side the Gov couldn't care less about the outcome as long as 'we' are able to put the LIBOR scandal under the LABOUR years and are able the win the next election. Thus the Gov forgoes the right thing, a judicial inquiry, for political gains. (P1/2) (P2/2)
davidcameron  GeorgeOsborne  misconduct  Willful  ignorance  trustagent  trust  Politics  game  theory  AlistairDarling  GFC  gordonbrown  UK  EdBalls  PaulTucker  barclays  LIBOR  EURIBOR 
july 2012 by asterisk2a
BOE Minutes Show Tucker Aware Of Libor Fixing Claims In 2007 | ForexLive
BOE Minutes Show Tucker Aware Of Libor Fixing Claims In 2007
- Tucker Chaired Nov 2007 Meeting At Which Libor Rigging Was Discussed

Bank of England Deputy Governor Paul Tucker, long the BOE’s leading internal candidate for the top job when Mervyn King’s
term comes to an end at the middle of 2013, was fully aware from the early days of the financial crisis that market participants believed Libor was being rigged.

The minutes of a money markets group meeting chaired by Tucker himself back up what a participant recalls privately, that there were frank discussions dating back to 2007 involving Tucker about banks submitting Libor rates below actual rates.

“Several group members thought that Libor fixings had been lower than actual traded interbank rates through the period of stress.”

They add a cautionary note, saying “Libor indices need to be of the highest quality given their important role as a benchmark for corporate lending.”

Everything was on the table to stabilise markets.
henrypaulson  benbernake  Fed  NYFed  NorthernRock  moralhazard  Willful  ignorance  trustagent  trust  banking  crisis  bank  crisis  credicrunch  GFC  2007  2008  collusion  fraud  misconduct  BBA  BOE  bobdiamond  barclays  PaulTucker  EURIBOR  LIBOR 
july 2012 by asterisk2a
Hauptsache haltbar -
BPA disrupts immune system, weakens immune system, makes it dysfunctional ... test in rats has shown.
BPA disrupts the hormonal system, starts already in embryonic stage ... leading to infertility in men (ie).

Food Industry does not acknowledging health risks. Independent studies have shown risk in rats.

Food packaged in cans, cartons and plastic full of BPA and other chemicals that permeate into the food and endanger human health long-term.

#Corporate Governance
#Society, Consumers looking away - ignorant. ala "It doesn't bother me right now, why should I care right now?!"

arrogance of willful ignorance, the long-term impacts of short-term decisions. And historians have seen it all before.
hisotry  Willful  ignorance  unintended  consequences  culture  society  corporate  governance  capitalism  pollution  plasticizer  plastic  softener  Chemical  Industry  chemicals  plastic  health  crisis  health  science  health  Food  Industry  BPA 
july 2012 by asterisk2a

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