The corporate oligarchs thread

This piece of news has to fit here! How chevron is persecuting the lawyer who defeated in in Equador. And using judges in New York do do it, having conveniently found a way to dispense with juries and have him arrested.

It's a beautiful day in New York, but Steven Donziger cannot leave his house. There’s an electronic bracelet around his ankle, and he is only permitted to leave for medical appointments, meetings with lawyers, and school events for his 14-year-old son. He needs permission from a pretrial-services officer each time—those are the terms of his house arrest. [...] He has not been convicted of a crime. He's only been accused of a misdemeanor, and he's still awaiting trial. But, as of March 17, 2021, he has been locked up in his apartment for 589 days because, he says, he took on a massive multinational oil firm and won.

Donziger is a human rights lawyer who, for more than 27 years, has represented the Indigenous peoples and rural farmers of Ecuador against Texaco—since acquired by Chevron—which was accused of dumping at least 16 billion gallons of toxic waste into the area of the Amazon rainforest in which they live. Cancer is now highly prevalent in the local population. Some have called it the "Amazon Chernobyl." They first filed suit in New York in 1993, but Texaco lobbied, successfully, to move the proceedings to Ecuador. In 2011, the team of Ecuadorian lawyers Donziger worked with won the case, and Chevron was ultimately ordered to pay $9.8 billion.

But for Donziger, that was nowhere near the end. Chevron, a $260 billion company, went to a New York federal court to sue him under a lesser-known civil—non-criminal—provision of the Racketeering Influenced and Corrupt Organizations (RICO) Act. They later dropped their demands for financial damages because it would have necessitated a jury trial. That is something Donziger has been unable to get. Instead, Judge Lewis A. Kaplan, a former corporate lawyer whose clients included tobacco companies, became Donziger's judge-and-jury in the RICO case. He heard from 31 witnesses, but based his ruling in significant part on the testimony of Albert Guerra, a former Ecuadorian judge whom Chevron relocated to the U.S. at an overall cost of $2 million. Guerra alleged there was a bribe involved in the Ecuadorian court's judgement against Chevron. He has since retracted some of his testimony, admitting it was false.
[...]

There are many vile corporations, seems so many people believe they are supposed to be vile - and run them! This one is a serious candidate to the top prize.
 
Kicking it off with Amazon, posting this job advertisiement:

translation: we're looking for former CIA hitmen, StaSi spies, torturers, KGB agents and all the lawyers that got rich defending them in court to staff our private paralegal, paramilitary army in order to turn your country into a modern day banana republic
 
Looks like after buying one of my country's political prostitutes gone to the EU (Barroso, COVAX) to head his effort to keep vaccines away from the public commons, Bill Gates is also employing another (Moedas) to lobby for legislation to "protect" new genetically modified organisms for agriculture, because how else could he collect rents on the very food people need?
Story on the release of materials detailing this lobbying, in french though.
And it's still amazing how cheap these political prostitutes sell themselves and whatever public goods they can deliver to the oligarchs.

Gates will make a grab at "owning" the oxygen in the atmosphere next, I bet. Under cover of fighting global warming or whatever.
 
Gates will make a grab at "owning" the oxygen in the atmosphere next, I bet. Under cover of fighting global warming or whatever.

I honestly wouldn't be surprised if someone tries "property rights over the atmosphere is the best way to limit air pollution"...you can find plenty of nutbag market fundamentalist groups explicilty saying that the fact that air is held in common is why it gets polluted...
 
This piece of news has to fit here! How chevron is persecuting the lawyer who defeated in in Equador. And using judges in New York do do it, having conveniently found a way to dispense with juries and have him arrested.



There are many vile corporations, seems so many people believe they are supposed to be vile - and run them! This one is a serious candidate to the top prize.

Omg this is still going on, I first heard about this at least a year ago
 
Enemies of the people.

But what enables them is the very notion of "intellectual property". So profitable are the monopolies thus constituted that sponsoring ongoing corruption is an inevitable consequence.
This currently under debate at the top levels of the US administration. Should USians be writing to their representatives?

The United States is considering options for maximising global production and supply of COVID-19 vaccines at the lowest cost, including backing a proposed waiver of intellectual property (IP) rights, but no decision has been made, according to the White House.​
 
This piece of news has to fit here! How chevron is persecuting the lawyer who defeated in in Equador. And using judges in New York do do it, having conveniently found a way to dispense with juries and have him arrested.

There are many vile corporations, seems so many people believe they are supposed to be vile - and run them! This one is a serious candidate to the top prize.

This particular abuse of judicial power (possible because it structurally favors the wealthy) by the oligarchs against a lawyer who defeated them in court is finally drawing serious attention.

New York, NY — Dozens of Nobel Laureates are demanding the U.S. Department of Justice immediately intervene and block the controversial misdemeanor contempt prosecution of U.S. human rights attorney Steven Donziger by a private Chevron law firm appointed by a judge with investments in Chevron. Donziger was the lead lawyer on a pollution case that resulted in a $9.5 billion judgment against Chevron in Ecuador, prompting the company to launch a “demonize Donziger” campaign.
“We believe a high-level review will reveal that the contempt case against Mr. Donziger clearly is a violation of Mr. Donziger’s rights and the rights of the affected communities in Ecuador,” said the Nobel Laureates in the letter that was addressed to Merrick Garland, President’s Biden’s appointee as Attorney General.
[...]
The letter follows one sent last week by six prominent U.S. elected leaders from the House of Representatives, including Rep. Jim McGovern, Alexandria Ocasio-Cortez, Cori Bush, Rashida Tlalib, Jamaal Bowman, and Jamie Raskin (click here for the letter and here for the press release.)
Donziger faces a federal trial without a jury on May 10th on a misdemeanor contempt charge after he refused to disclose privileged client information to Chevron. He has now been under house arrest without trial for more than 600 days on a charge that carries a maximum sentence of 90 days at home if convicted.

Perhaps AOC and the others are good for something with a slow strategy of making way to address problems. But of course this won't result in Chevron being punished.

There should be a death penalty for corporations for this kind of thing. One simple and very easy no legislate punishment: invalidate every stock and sell the company again, proceeds to go to the treasury to public spending. And strip every asset from all its board members also. When they engage in particularly serious criminal conduct. Can't have a good society without punishing the psychopaths personally, where it will hurt them. And getting people to have an interest in keeping them well away from power.
 
Fecesbook really does not want you to know how they flig ads:

Signal is taking a dig at Facebook's behavior of commodifying troves of data about its users with hilarious Instagram ads. Signal claims the ads were rejected and its ad account was disabled although Facebook denies this and calls it a stunt.

Signal designed the multi-variant ads to show us the types of data that Facebook collects and sells access to in a simple and effective manner. However, these ads never really made anyone chuckle (or sweat profusely) since Facebook proactively disabled these ads, according to Signal.
Shame no one got to see them, it could have opened people eyes:
 
Fecesbook really does not want you to know how they flig ads:

Signal is taking a dig at Facebook's behavior of commodifying troves of data about its users with hilarious Instagram ads. Signal claims the ads were rejected and its ad account was disabled although Facebook denies this and calls it a stunt.

Signal designed the multi-variant ads to show us the types of data that Facebook collects and sells access to in a simple and effective manner. However, these ads never really made anyone chuckle (or sweat profusely) since Facebook proactively disabled these ads, according to Signal.
Shame no one got to see them, it could have opened people eyes:
Hey know that guy!
 
Why The Post published the Pandora Papers investigation

Today at 5:20 p.m. EDT
Dear Reader,

Today The Washington Post is joining news organizations around the globe to bring you the first in a series of important stories. These are the product of nearly a year of reporting at The Post focused on a vast trove of documents that expose a secretive financial universe that benefits the wealthy and powerful.

The project, known as the Pandora Papers, was conceived and organized by the International Consortium of Investigative Journalists, which obtained the records and shared them with The Post and other partners. The documents — more than 11.9 million records from 14 offshore entities, including law and wealth-management firms — illuminate a hidden world that has allowed government leaders, a monarch, billionaires and criminals to shield their assets.

Key findings from the Pandora Papers investigation

The Post decided to join this project because we felt certain that the breadth of records obtained by the ICIJ would shine a light on aspects of the international financial system that have operated with little or no oversight. A similar but narrower ICIJ investigation, known as the Panama Papers and published in 2016, revealed hidden wealth that ignited protests in several countries, forcing two world leaders from power.

The sheer scope of the records was too large for effective review by any single news organization. The partnership with the ICIJ allowed The Post, the BBC, the Guardian and others to work together in scouring the documents, validating the material and conducting the additional reporting needed to place key findings in context.

In closely examining thousands of documents over many months, The Post and its partners have found no indication of inaccuracy or that the papers’ release was targeted at any specific individual or government.

We have sought to provide every person and company identified in stories with the opportunity to review and comment on our findings. No one has challenged the authenticity of the documents. We are confident that our reporting meets The Post’s standards for accuracy and fairness. To minimize unnecessary harm to individuals and institutions, we have removed account numbers, metadata and other identifying information from documents before they are published.

The Post is proud to have taken part in reporting that has brought the Pandora Papers to light.

Sally Buzbee, Executive Editor
 
American politicians being conspicuously absent from the revelations is kinda suspect of selective editing, of not selective leaking... congress does control the purse of the intelligence agencies?
 
American politicians being conspicuously absent from the revelations is kinda suspect of selective editing, of not selective leaking... congress does control the purse of the intelligence agencies?
The team that uncovered all the data is an international team of journalists. In one of the articles posted by WaPo, they said the lack of prominent Americans is most likely that they use different agents to hide their money. The Panama Papers from a few years ago uncovered a data trove from a single company. This new trove comes from a variety of sources. I'm sure that all the bad guys doing the hiding have not been found.
 
‘Pandora Papers’ bring renewed calls for tax haven scrutiny

BY PAUL WISEMAN AND MARCY GORDON
ASSOCIATED PRESS

WASHINGTON — Calls grew Monday for an end to the financial secrecy that has allowed many of the world’s richest and most powerful people to hide their wealth from tax collectors.

The outcry came after a report revealed the way that world leaders, billionaires and others have used shell companies and offshore accounts to keep trillions of dollars out of government treasuries over the past quarter-century, limiting the resources for helping the poor or combating climate change.

The report by the International Consortium of Investigative Journalists brought promises of tax reform and demands for resignations and investigations, as well as explanations and denials from those targeted. The investigation, dubbed the Pandora Papers, was published Sunday and involved 600 journalists from 150 media outlets in 117 countries.

Hundreds of politicians, celebrities, religious leaders and drug dealers have used shell companies or other tactics to hide their wealth and investments in mansions, exclusive beachfront property, yachts and other assets, according to a review of nearly 12 million files obtained from 14 firms located around the world.

“The Pandora Papers is all about individuals using secrecy jurisdictions, which we would call tax havens, when the goal is to evade taxes,” said Steve Wamhoff, director of federal tax policy at the left-leaning Institute on Taxation and Economic Policy in Washington.
The tax dodges can be legal.

Gabriel Zucman, a University of California, Berkeley, economist who studies income inequality and taxes, said in a statement one solution is “obvious’’: Ban “shell companies — corporations with no economic substance, whose sole purpose is to avoid taxes or other laws.’’

“The legality is the true scandal,” activist and science- fiction author Cory Doctorow wrote on Twitter. “Each of these arrangements represents a risible fiction: a shell company is a business, a business is a person, that person resides in a file-drawer in the desk of a bank official on some distant treasure island.”

The more than 330 current and former politicians identified as beneficiaries of the secret accounts include Jordan’s King Abdullah II, former U.K. Prime Minister Tony Blair, Czech Republic Prime Minister Andrej Babis, Kenyan President Uhuru Kenyatta, Ecuador’s President Guillermo Lasso, and associates of both Pakistani Prime Minister Imran Khan and Russian President Vladimir Putin.
 
‘Pandora Papers’ bring renewed calls for tax haven scrutiny
This is a core point, but the whole point of the report is that there are things we can do, but if we as the voters do not demand them they will not happen. The tax law is written by those who benefit from complexity and loopholes, because we vote for them.

Spoiler Example from the report of what happens when we leave it to the politicians :
In June, Brazil’s economics minister, Paulo Guedes, proposed a tax reform package that included a 30% tax on profits earned through offshore entities. Experts estimate that Brazil’s richest people hold almost $200 billion in untaxed funds outside the country.
“You cannot be ashamed of being rich,” Guedes said. “You have to be ashamed of not paying taxes.”
After bankers and business leaders objected to tax hikes in the legislation, Guedes, a millionaire former banker, agreed to remove the proposed tax on offshore profits. Negotiations over the legislation are continuing.
The Pandora Papers reveal that Guedes created Dreadnoughts International Group in 2014 in the British Virgin Islands.
 
Shell company transparency would be a nice start.
 
Top Bottom