WORLD NEWS TODAY, NEWS, BREAKING NEWS, WORLD,RUSSIAN KOCH BROTHERS OWN REPUBLICANS, Exposed by Rolling Stone,Tim Dickinson from Rolling Stones Magazine produces a well researched and revealing article into the Toxic Empire of the Koch Brothers. If you thought you knew a lot about the Koch Brothers, I can assure you there is much much more for you all to learn from this article.
The enormity of the Koch fortune is no mystery. Brothers Charles and David are each worth more than $40 billion. The electoral influence of the Koch brothers is similarly well-chronicled. The Kochs are our homegrown oligarchs; they've cornered the market on Republican politics and are nakedly attempting to buy Congress and the White House. Their political network helped finance the Tea Party and powers today's GOP. Koch-affiliated organizations raised some $400 million during the 2012 election, and aim to spend another $290 million to elect Republicans in this year's midterms. So far in this cycle, Koch-backed entities have bought 44,000 political ads to boost Republican efforts to take back the Senate.
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What is less clear is where all that money comes from. Koch Industries is headquartered in a squat, smoked-glass building that rises above the prairie on the outskirts of Wichita, Kansas. The building, like the brothers' fiercely private firm, is literally and figuratively a black box. Koch touts only one top-line financial figure: $115 billion in annual revenue, as estimated by Forbes. By that metric, it is larger than IBM, Honda or Hewlett-Packard and is America's second-largest private company after agribusiness colossus Cargill. The company's stock response to inquiries from reporters: "We are privately held and don't disclose this information."
But Koch Industries is not entirely opaque. The company's troubled legal history – including a trail of congressional investigations, Department of Justice consent decrees, civil lawsuits and felony convictions – augmented by internal company documents, leaked State Department cables, Freedom of Information disclosures and company whistle-blowers, combine to cast an unwelcome spotlight on the toxic empire whose profits finance the modern GOP.
Under the nearly five-decade reign of CEO Charles Koch, the company has paid out record civil and criminal environmental penalties. And in 1999, a jury handed down to Koch's pipeline company what was then the largest wrongful-death judgment of its type in U.S. history, resulting from the explosion of a defective pipeline that incinerated a pair of Texas teenagers.
El-Erian: World Bank, IMF Must Be Reformed to Avert Global Flare-Ups
Refusal to reform the World Bank and IMF make the world a more dangerous place, says Mohamed El-Erian, chief economic adviser at Allianz, in an article for Project Syndicate.
The weakening political support for these institutions is undermining efforts for countries to co-operate on policy, leading to flare-ups like those seen in Iraq and Ukraine, he says.
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Western Europe and the U.S. are unwilling to change the appointment system that hands their citizens top IMF and World Bank leadership posts. The system packs the IMF with Western Europeans and offers emerging countries little influence, despite their rising economic importance.
"And, during the eurozone's debt crisis," El-Erian says, "European leaders showed little hesitation in bullying the IMF into flouting its own lending rules."
Don't expect emerging nations to support institutions that offer unfair advantages to others, warns El-Erian, former CEO and co-chief investment officer of Pimco. Instead, expect them to work together strive evade and thwart the World Bank and IMF.
And that's already happening.
Frustrated with the uneven treatment, the so-called "BRICS" countries Brazil, Russia, India, China, and South Africa recently beefed up a currency-reserve pool to help improve short-term liquidity and established their own development bank. The action, El-Erian asserts, is a direct challenge to the IMF and the World Bank.
Another challenge to the current global monetary order is the growing number of bilateral payment agreements, he says. "By bypassing more efficient and inclusive structures, these arrangements undermine multilateralism."
Russian Deputy Foreign Minister Sergei Ryabkov accused the U.S. of blocking IMF reforms that the Group of 20 nations has already agreed on. She spoke in an interview with the Rossiya Segodnya International Information Agency.
Those reforms include giving developing countries more power in the IMF.
The New Development Bank, or BRICS Development Bank, and a reserve currency pool could help stabilize financial projects in those countries, but the bank is not designed to be an IMF competitor, Ryabkov says.
The BRICS need to decrease their dependence on the World Bank and the IMF and on payment systems such as Visa and MasterCard, especially in Russia, she said.
Visa and MasterCard had threatened to block Russian users as part of Western economic sanctions against Moscow.
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El-Erian: We Must Re
Congress returns from its July Fourth vacation to a long list of high-profile, unfinished defense business and a short legislative calendar before the November elections.
The new Veterans Affairs Department reform bill, the annual defense appropriation bill, the annual defense authorization bill, and funding for military construction and VA operations for fiscal 2015 are all on lawmakers’ immediate to-do list — in between more briefings on the situation in Iraq and other overseas threats.
But Congress is scheduled to be in session only 28 days before breaking in August, and likely will return for only a week or two in the September/October time frame before the November midterm elections. That 28-day total also includes 10 Mondays and Fridays, days which at best feature a light schedule of work under normal circumstances.
Here’s a look at what might and might not get completed before the late-fall lame-duck session:
Spurred by the ongoing controversies in the department, VA reform legislation has the best chance of any defense or veterans measure to pass quickly in July.
The legislation would expand privatecare options for veterans who face lengthy waits to see VA doctors or live in rural areas, and make it easier to fire underperforming VA executives.
Leaders in the House and Senate have expressed support for the idea, and members of a conference committee met before the July Fourth break to begin finalizing the bill.
Cost appears to be the only major stumbling block left. A Congressional Budget Office estimate in early June said the expanded care could require up to $50 billion a year in new spending, but Senate supporters have called that a ridiculous overestimate.
Rep. Jeff Miller, R-Fla., chairman of the House Veteran’s Affairs Committee, has said that representatives on the conference committee will push for spending offsets to prevent the bill from adding to the federal budget deficit. To do that, he said new, more accurate spending estimates are needed, which could slow the process.
But Sen. Bernie Sanders, I-Vt., Senate Veterans’ Affairs Committee chairman, has promised that delay won’t drag on for weeks. He originally predicted the measure would be finished before July 1, and is now vowing to get it to President Obama’s desk in early July.
Defense authorization bill
The House has already approved its version of the annual defense policy bill, and members of the Senate Armed Services Committee are hopeful they can bring their draft to the Senate floor in the next few weeks.
Whether that means they can reconcile differences in the two measures before the end of the fiscal year is another issue.
Both versions reject Pentagon plans to overhaul Tricare fees, trim the commissary benefit and reduce housing allowances. The House draft offers moral support — but no hard mandate — for a 1.8 percent basic pay raise next year, while the Senate agrees with the 1 percent pay increase preferred by the White House. Both measures would preserve the Air Force’s A-10 fleet, but differ in how they would pay for it.
Before the chambers can talk about negotiating differences, the full Senate must pass its version. Sen. Harry Reid, D-Nev., the Senate majority leader, still has not scheduled floor debate on the measure, although the Senate Armed Services Committee has been pushing for it since late May.
Committee chairmen Sen. Carl Levin, D-Mich., and his House counterpart, Rep. Buck McKeon, R-Calif., have expressed optimism about finishing the legislation before Oct. 1, a rare occurrence even outside an election year. The short time frame remaining will make that nearly impossible.
Still, the defense authorization bill has a better chance of being completed than the accompanying defense appropriations bill.
The House already has approved a $570 billion defense spending plan, but the Senate Appropriations Committee won’t mark up its version until July 17. That will leave just a few legislative days to get the measure to the Senate floor, an unlikely rush for a budget bill.
In addition, the White House on June 26 sent its first draft of the proposed overseas contingency budget for fiscal 2015, totaling nearly $66 billion. Lawmakers have just begun digging into that request, which includes $1.5 billion in aid to Iraq and its neighbors “to promote internal stability” in the region.
Meanwhile, the VA appropriations bills are in the same legislative limbo. The House approved a $158 billion spending plan for the department in April, but a similar budget proposal is stalled in the Senate.
Despite early work on the measures, most Hill staffers assume that finalizing the appropriations bills will be part of the lame-duck session, with an eye toward the new lawmakers coming into office in 2015.
Black Crime has spread across America and the World. Herman Cain in his PIMP Hat supported by the GOP and Tea Party has no respect for white women and if he is elected no white woman will be safe world wide. World Leaders regardless of race (excluding Black Women), wifes and daughter will not be safe with Cain and others like him put in positions to rape and force themselfs on women who will be afraid to tell their husbands.
The Black Man, The Greatest Problem In America! ( This video exposed blacks like Al Sharpton and jackson), removed by pressure from the NAACP! A cover up that they can not keep hidden.
Black Crime has become a problem around the world. Nelson Mandela gave the blacks songs that children and adults sing, KILL ALL WHITES, watch the videos and contact your members of congress and demand they stop black crime. Obama seems to support the criminals, Brown in the UK seems to be doing the same. The answer is to take away the rights of hard working whites to protect themselfs and family. Obama is trying to put America under the control of the UN and the UN gun ban!
We kicked the Bums out now we have new bums that lied to us, kick them out!America! hear and take action! We need new prople in the white house and congress that will uphold their oath of office!Obama is trying to under the constitution by putting us under the control of the UN, it must be radified by the SenateQ! You can do it!Call and email the senate./