China sees the atomic energy boom with the number of nuclear power stations in the mainland soaring. However, the Celestial Empire harbors a more ambitious goal seeking to boost the construction of China-made atomic stations abroad, commentators told Sputnik, shedding light on Beijing’s competitive advantages. Continue reading What’s Behind China’s Breakthrough in Atomic Energy Production
More than 3,000 never-before-seen documents from the FBI, CIA, and Justice Department on the assassination of John F. Kennedy are scheduled be released, with many experts fearing that such a large release of secret JFK assassination documents will spur “a new generation of conspiracy theories.”
According to Roger Stone, the CIA is urging President Donald Trump to delay disclosing some of the files for another 25 years.
Roger Stone said in a post on his website…
“They must reflect badly on the CIA even though virtually everyone involved is long dead.”
More than 3,000 never-before-seen documents from the FBI, CIA, and Justice Department are set to be released, along with 30,000 that have only been partially released in the past. The document dump “will simply fuel a new generation of conspiracy theories,” write Philip Shenon and Larry J. Sabato.
Sabato is the director of the University of Virginia Center for Politics and author of “The Kennedy Half-Century” and Shenon is a former reporter for the New York Times and author of, “A Cruel and Shocking Act: The Secret History of the Kennedy Assassination.”
The CIA is urging President Donald Trump to delay disclosing some of the files for another 25 years according to friend and political adviser Roger Stone but the National Archives would not say whether any agencies have appealed the release of the documents.
According to The Gateway Pundit Roger Stone and Gerald Posner, two New York Times bestselling authors who are polar opposites about who killed JFK, have joined together to urge Donald Trump to release all the remaining classified files on Kennedy’s assassination.
About 3,100 files are still sealed in the National Archives. Under the 1992 JFK Records Act, the Archives have until October 26 to decide which of those files to publicly disclose.
Some of the classified documents include a CIA personality study of Oswald, top-secret testimony of former CIA officers to congressional committees, transcripts of interrogations with Soviet defector and Oswald handler Yuri Nosenko, letters about the case from J. Edgar Hoover and Jackie Kennedy, the CIA file on Jack Wasserman, the attorney for New Orleans mob boss Carlos Marcello, and the operational file of E. Howard Hunt, career spy and Watergate burglar.
Roger Stone, in his bestselling 2013 The Man Who Killed Kennedy: The Case Against LBJ, set forth the case that LBJ was the mastermind of plot that included the CIA, the Mob and Big Texas Oil to kill Kennedy.
Gerald Posner, in his 1993 bestselling finalist for the Pulitzer for History, Case Closed: Lee Harvey Oswald and the Assassination of JFK, concluded that the Warren Commission conclusions are correct and Oswald acting alone had killed Kennedy.
While they might not agree on who killed Kennedy, Stone and Posner are longstanding advocates for the release of all the government files on the assassination.
“These files should have been released long ago,” says Posner. “The government does this all the time, over classified documents and then holds on to them for decades under the guise of ‘national security.’ All the secrecy just feeds people’s suspicions that the government has something to hide and adds fuel to conspiracy theories.” Posner is convinced the case will still be closed when the last document is made public.
”I know CIA Director Pompeo is urging the President to delay release of these records for another 25 years,” said Stone. “They must reflect badly on the CIA even though virtually everyone involved is long dead.” Stone believes the evidence supporting the case in his book is still hidden somewhere in government files.
Both authors called on President Trump – who is empowered to make the final decision should the National Archives or CIA balk on releasing all the files – to opt for transparency.
With the full cooperation of its ASEAN counterparts and the timely assistance from Chinese authorities, the Duterte government has finally recovered the entire Marawi City when the Philippine military confirmed the deaths of Abu Sayyaf leader Isnilon Hapilon and Maute group leader Omar Maute. Continue reading ISIS Operations in the Philippines Failed; Maute Brothers Wiped Out
Who avoids the most tax and what does that mean for inequality?
These were the questions asked by two National Bureau of Economic Research working papers submitted this month (Tax Evasion and Inequality and Who Owns the Wealth in Tax Havens?). Both papers are available publicly here.
- The ultra-rich avoid the most tax
The ultra-rich, people whose net worth is more than $45 million, are ten times more likely to evade taxes than the average citizen, according to the research.
That means the ultra-rich have worked out how to avoid paying about 30 percent of their personal income and wealth taxes.
And it probably doesn’t stop there, with the authors suggesting that “evasion among the wealthy may be even higher” because their research was based on Scandinavian countries where social trust is high, corruption low and respect for the rule of law strong.
The research also found that offshore wealth increases the “top 0.1 percent wealth share from 8 percent to 10 percent” when looking at Norway specifically. And for top 0.01 percent “taking tax evasion into account increases their wealth by a third.”
- The ultra-rich are more likely to use offshore accounts
The likelihood of Scandinavians in the bottom 99 per cent of wealth share hiding their assets in HSBC accounts was “negligible,” according to research based on ICIJ’s Swiss Leaks.
But the probability rises to 1 percent among the richest 0.01 percent.
This chart shows the probability of owning an unreported HSBC account by wealth groups. (The first group [P90-P95] represents households worth less than $900,000 and the last the top 0.01 percent who are worth $44.5 million.)
“The gradient is notable too: top 0.01 percent households are 13 times more likely to hide assets at HSBC than households in the bottom half of the top 1 percent,” they wrote.
- Hardly anyone except the ultra-rich use offshore accounts
The use of offshore accounts “steeply rises with wealth,” according to research based on ICIJ’s Panama Papers.
This charts shows the probability of owning a Mossack Fonseca offshore shell company significantly increased for the top 0.01 percent of Norway and Sweden’s population.
“The use of tax havens appears more concentrated in the Panama Papers than in the HSBC leak,” the authors wrote.
The researchers also suggested one reason very few households outside the 0.01 percent in the Panama Papers used shell companies to conceal wealth is because it is a “more sophisticated” strategy than owning offshore bank accounts.
“Both techniques are often combined, but the wealthiest tax evaders might be more likely to combine offshore accounts with shell companies, when less wealthy tax evaders may be relatively more likely to own offshore accounts directly in their own names.”
- Tax havens hold 10 percent of global GDP
In the second study, the authors analyzed the global amount of wealth in tax havens.
“We find that while about 10 percent of world GDP is held in tax havens globally, this average masks a great deal of heterogeneity.”
For example, Russia (60 percent), Europe (15 percent) and other nations hold a significant chunk of their GDP offshore, whereas Scandinavian countries own just a few percent of GDP.
- Offshore wealth is shifting from Switzerland to Asia
The research found the size of this wealth was “not easily explained by tax or institutional factors” but instead correlated more closely with a country’s proximity to Switzerland, the presence of natural resources and political/economic instability.
However, the times might be changing, with the research also discovering wealth was growing in tax havens based in Asia – and mainly in Hong Kong – with offshore accounts held in Switzerland declining since the 2008 financial crisis.
The authors predicted offshore assets in Hong Kong have grown six-fold between 2007 and 2015 with the country now ranked second behind Switzerland for tax havens.
- Countries with more offshore wealth also use more tax havens
The next chart shows the number of unique owners of shell companies created by Mossack Fonseca in each country before 2006 and active in 2007, using Panama Papers data.
“There are strong similarities between the amount of offshore wealth we estimate and the use of tax havens as revealed by the Panama Papers,” the authors said.
Russia is one such country with a total of 2071 unique shells. The authors also highlighted that China is over-represented in the data given estimates of how much Chinese wealth is offshore. They suggest this could be because estimates of China’s offshore wealth are low, or that Chinese use shell companies for purposes other than concealing wealth.
- Offshore wealth can substantially increase inequality
So what does that all mean for equality?
Including offshore assets generally increased the 0.01 percent’s wealth share substantially (even in the law abiding Scandinavian countries).
The effect in some countries is much worse than others. In the United Kingdom, Spain and France offshores assets accounted for between 30 to 40 percent of the 0.01 percent’s wealth. In Scandinavia, however, their share of wealth only increases by about 1 percent.
Read more about the impact from ICIJ’s investigations, and find out how you can support ICIJ’s work
Che! – You are one of the greatest revolutionaries of the 20th Century. You inspired tens of millions of people throughout the world to fight for justice, for their freedom and civil rights. You have left a vision of hope, of never giving up – a legacy of solidarity and of Venceremos! – we shall overcome. Continue reading Viva! Hasta la Victoria Siempre, Che Guevara!
Harvey Weinstein’s sexual harassment scandal isn’t only an indictment of his twisted soul, but of America’s as well. Continue reading Weinstein Scandal: What it tells us about celebs, politics & Hollywood
With Catalonian President Carles Puigdemont stepping back from the brink in the midst of rising tensions in Spain over the region’s bid for independence, signing a declaration of independence but deciding to suspend its implementation, millions will have breathed a collective sigh of relief given the prospect of a severe response from Madrid. Continue reading The Role of Neoliberalism in Spain’s Constitutional Crisis
After the Human Rights Watch Advocacy director John Fisher warned over the weekend that the Philippines might be removed from the UN Human Rights Council because Manila is “seeking to evade its international responsibilities” by rejecting recommendations to improve the human rights situation in the Philippines, Philippine President Rodrigo Duterte unleashed an ultimatum for all EU ambassadors to leave the country. Continue reading You leave my country in 24 hours | Duterte told EU Ambassadors
Catalans have risked their lives during the referendum days ago to express their collective desiresfor self-determination. But just as they are getting ready to celebrate their victory at the ballot box, its own president bowed down to enormous pressure from the Spanish government. Continue reading Catalan President Chickened Out; Catalans Outraged
Saudi Arabia pivots to Russia, the new sheriff in town. What a difference a year – an eternity in geopolitics – makes. No one could see this coming; the ideological matrix of all strands of Salafi-jihadi terror – which Russia fights no holds barred, from ISIS/Daesh to the Caucasus Emirate – beating a path to the Kremlin and about to embrace Russia as a strategic ally. Continue reading The House of Saud bows to the House of Putin
A Turkish expert spoke with Sputnik about a recent claim by Turkish President Recep Tayyip Erdogan, who accused the West of allegedly supporting terrorism. Continue reading What’s Behind Erdogan’s Accusations of West Allegedly ‘Supporting Terrorism’
Tehran has reportedly indicated its response to the US designating the Iranian Revolutionary Guards Corp (IRGC) as a terrorist group will be “crushing” – but while it’s questionable whether the IRGC fits the definition of a terrorist group, the US’ history of terror designation suggests its requirements are vastly arbitrary. Continue reading Defense Against ‘Deviance’: What Is the Iranian Revolutionary Guard Corps?
The Saudi King’s first ever visit to Russia is already bearing fruit as Moscow and Riyadh have reached a number of agreements, including in the military-technical and energy fields. Sputnik spoke to experts about the significance of the political event. Continue reading The Results of Saudi King’s 1st Ever Visit to Russia Amid Turmoil in MidEast
King Salman of Saudi Arabia’s official visit to Moscow marks the end of a long animus between Russia and Riyadh. While many will welcome this new reality, some traditional allies of both parties could be concerned at the potential ramifications of detente. Continue reading Saudi King Salman’s Moscow visit could create new Middle East dynamic
The US led coalition has established a base camp near the border town of Al-Tanf purportedly to facilitate its operations against ISIS. What is happening now is exactly the opposite, i.e. just outside the base perimeter is where ISIS militants are launching their attacks on the Syrian Army. Continue reading 91% of Syria Liberated; ISIS Attacks from US Controlled Al-Tanf Base Perimeter
The leader of Al-Nusra has been critically injured in an airstrike carried out by the Russian Air Force, the Russian Defense Ministry said in a statement, adding that at least 12 Al-Nusra field commanders had been killed in the same attack. Continue reading Al-Nusra leader gravely injured by airstrike, 12 commanders killed – Russian MoD
The worst single shooter incident of all time in the US is fast turning out to be the worst false flag operation ever. The forensic analysis and official narrative simply don’t add up. But what can we expect from the same people who claim that inexperienced Arab pilots were able to dive into the World Trade Center towers with pinpoint accuracy to pull them down? Continue reading Vegas Shooting: Official Scenario Crumbling
Nuclear power is making a debut in Saudi Arabia as it is entertaining bids for building 16 nuclear reactors over the next decade, at a projected cost of $60 billion. As everyone knows already, the fiat dollar derives its perceived value from the fact that OPEC cartel members, including Saudi Arabia, committed themselves to accepting only the dollar and nothing else. Continue reading Saudi Arabia Divesting from Petrodollar to Nuclear Energy Based Economy
The European Union cockroaches were quick on condemning strong leaderships running after terrorists and drug trafficking, yet mum on the daylight police brutality of the Spanish government against the legitimate exercise of political power by the Catalans. Continue reading EU Hypocrisy Exposed Again in Spanish Crackdown on Catalans
The script has been overused for some time, but as madmen they are, they must continue to unleash their MK-ULTRA assets whenever there’s a need to sway public’s attention away from the multi-pronged offensive against their well-built institutions of dominance. Continue reading More False Flag Ops as Deep State is Losing on Every Battlefront
Days before the meeting this week between Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan in Ankara, the press in both countries was busy discussing the potential issues on the agenda: Syria, the Iraqi Kurdistan independence referendum, Turkey’s purchase of Russia’s S-400 defense system and — last, but very important to Turkey — Russia’s embargo on Turkish tomatoes. Continue reading Putin, Erdogan Emerge All Smiles from Ankara Meeting
Our views about the world are molded by those who cast and press the dies together. There are no independent ideas unless the slave mind completely severs itself from the chains which keep pulling those synapses apart. Continue reading Why Don’t People Revolt?
Just look around the world and throughout recent history, and you will find a number of compelling cases where western-backed NGOs have frequently acted as enablers for the military interventions, sanctions and economic blockades that followed. Continue reading The West’s NGO ‘Human Rights’ Scam
Although both countries only acknowledged their participation in the ongoing conflict in Syria to mere advisory, in the area near the oilfields of Deir Ezzor, a direct confrontation has occurred in recent days resulting to the deaths of three high-ranking Russian personnel. Continue reading US & Russia are Directly at War in Syria
The ongoing development in the Eurasian land mass known as the One Belt One Road is patterned after Lyndon LaRouche and his wife’s concept of a Eurasian Land Bridge that will spur development for all countries being traversed by modern railway networks. This to them is the formula by which peace could be fostered through unity in commerce and peaceful exchanges of culture. Continue reading A Grand Strategy for Peace
The constant exchange of war rhetoric between the US and North Korea is working for the US military industrial complex. South Korea has decided to build its own nuclear submarine fleet and a network of spy satellites. Continue reading US Warmongering Works, South Korea Building Nuclear Subs & Spy Satellites
Russia has gone full throttle as far as war propaganda against the Pentagon. The MoD just released a collection of satellite images showing a number of Humvees and Cougars reoccupying ISIS camps after the latter “left” without a firefight. Continue reading Russian Satellite Photos Prove US–ISIS Collusion in Syria
The United States’ highly illegal operations in Syria has caused the delay of freeing civilians trapped in the remaining ISIS occupied territories in the country. Continue reading Russia will target U.S.-backed fighters in Syria if provoked
Some American analysts are now asking why the North Korean missile was allowed to pass by a Japanese island with ringing alarm bells as the only response. Continue reading Is the US Really Capable of Shooting Down North Korean Missiles?
The Khazarian holdovers on this planet are getting more creative as the situation is getting worse for them. The slew of “natural disasters” hitting Latin America and coastal portions of the US mainland, through the use of HAARP derivatives, indicates how desperate the situation really is for the Cabal. Continue reading First they HAARPed You, then Sell You the “Catastrophe Bonds’