Showing posts with label Corporations doing stupid things.. Show all posts
Showing posts with label Corporations doing stupid things.. Show all posts

2026-08-24

The common denominator in both of these stories.

Emphasis mine.

https://scheerpost.com/2026/08/24/dollar-system-in-crisis-the-real-reason-the-us-bailed-out-japan/

Dollar System In Crisis: The Real Reason The US Bailed Out Japan

In reference to Japan, US Treasury Secretary Scott Bessent declared, “We will do whatever it takes to support them in a way that helps the American economy, the American taxpayer, stabilizes the global economy”.

When Bessent said the “global economy”, he really meant the dollar-based international financial system, which he is dedicated to uphold.

It is worth emphasizing that Bessent is a former hedge fund manager from Wall Street. He worked for years with billionaire oligarch George Soros, specializing in currency speculation. Together they “broke the Bank of England”, shorting the British pound in a trade that made Soros more than $1 billion.

Bessent is part of a class of extremely rich plutocrats. Just how much wealth he has is not clear. He has been widely reported to be a billionaire, although this has been disputed. At the very least, he has hundreds of millions of dollars of wealth.

Regardless, the point is that Bessent has a vested economic interest in propping up the dollar-based financial system that has enriched oligarchs like him. And Japan has helped to maintain this system.


https://breakthroughnews.org/2026/08/24/china-says-it-opposes-us-economic-warfare-against-iran/ 

China says it opposes US economic warfare against Iran

Unilateral sanctions do not resolve anything and instead escalate tensions. All parties should act rationally and avoid taking any measures that could further intensify conflict and impact global economic development and financial stability, Lin Jian, official spokesperson of China’s foreign ministry said, in a press conference on Monday, August 24. 

“China will do whatever is necessary to protect its interests” in Iran, Lin said.  

US President Donald Trump announced last week the launch of an “economic D-Day” to isolate Iran and force its government to give up its nuclear program and control over the Strait of Hormuz.

Treasury Secretary Scott Bessent has threatened strong secondary sanctions on all countries that would fail to comply with the US sanctions and retain their economic ties with Iran. 

2026-08-21

The Climate Endgame - has it arrived?

Pretty impressive feat for a bank - a market cap of close to a trillion dollars, and still firing people.

A great crapitalist two-fer - yay!

https://www.msn.com/en-us/money/companies/layoffs-at-jpmorgan-hit-highest-level-since-2015/ar-AA2aAOHR

With consumers in solid shape, investors piling into stock market bets, companies calling on investment bankers, and spenders paying up for credit card perks, the firm notched record revenue in its three major divisions last quarter. The market is thrilled: JPMorgan’s stock has hit 17 new all-time highs this year.

The bank is still laying off hundreds of employees.

The country’s largest lender filed six layoff notices with regulators between February and July, impacting 774 employees in Texas, New Jersey, and California.

It’s the highest total since 2015, according to an analysis of public records by WARN Database. That year, JPMorgan’s Worker Adjustment and Retraining Notification filings, or WARN notices, showed 1,040 employees laid off as the bank retooled its branch strategy and looked to cut costs. JPMorgan also laid off employees throughout 2025.

Did I mention that market cap thing already?

You know, this -> https://companiesmarketcap.com/jp-morgan-chase/marketcap/ 



2026-08-20

From the 'I can't believe people are doing this shit' list.

https://www.nongmoproject.org/blog/new-gmo-alert-biotech-joins-the-battle-against-mosquitoes/

New GMO Alert: Biotech Joins the Battle Against Mosquitoes


From their LinkedIn lead - "the real story is more complex. Bioengineered mosquitoes raise questions about how quickly genetic engineering is moving into environments and ecosystems - setting off ecosystem changes that can’t be undone."


2026-08-15

Social Movements, and 'social media'.

Yes there is a connection. And one could even suggest, there's a relationship.

https://scheerpost.com/2026/08/15/its-time-for-movements-to-rethink-social-media/


I'd argue that as long as such media is in the control of the American Empire (and its owners), it will be extremely hard for any movement (be is socialist, progressive, environmental, anti-capitalist, some or all or others), to really do what is necessary past connection. 

Namely organization and movement.

2026-08-11

The ongoing saga around the collapse of the US Empire continues.

In this case, it's the surveillance state/corporate entities being more open about bullying and terrorizing people.

https://consortiumnews.com/2026/08/11/local-us-cops-adding-ai-drones-to-tech-surveillance/

Wanna see something really fucked up? Check out this small snippet from the article (emphasis mine) -

New Orleans was among the cities that received the FAA waiver for an automated drone-as-first-responder program. Police plan to expand their existing drone program to launch drones in response to 911 calls from the historic French Quarter later this year.

But residents were outraged after activists discovered that the city’s police department had changed internal rules to allow police drones to carry “weapons” with prior approval from the police superintendent, according to Edith Romero, an organizer with Eye on Surveillance. Police claimed the change was only a proposal added to a draft policy, but as Verite News pointed out, the file name for the “draft” document suggests the policy was meant to go into effect on June 21.

“Nobody knew; city council didn’t know, we had to announce it, and we mobilized people to start calling and start demanding that this be rescinded,” Romero told Truthout in an interview.

Police ditched the policy on drones carrying weapons after public outcry. On Aug. 6, the New Orleans City Council voted to require police to publicly publish regular drone flight logs and reports on usage and reasons for deployment. While the new ordinance addresses transparency, it does not place enforceable restrictions on drone use. Romero echoed residents who submitted public comments arguing the ordinance does not go far enough.

“We need to do an investigation of the policy violations that happened last year, and the change in policy that weaponized the drones before we can move toward an expansion,” Romero said, adding that there must be penalties for police who deploy drones for unapproved uses.

2026-08-08

To weapons corporations, 'STEM'=future workers.

Yep, that's all.

https://www.mintpressnews.com/how-lockheed-martin-raytheon-bae-systems-are-propagandizing-children-to-support-war-through-stem/291074/

As much as these companies attempt to present themselves neutrally as scientific entities, the reality is that their primary businesses revolve around producing the hardware and weaponry that the United States uses to dominate the world.

In the past twelve months alone, the United States has bombed seven countries: Iran, Iraq, Nigeria, Somalia, Syria, Venezuela, and Yemen. And it is companies like Raytheon and Lockheed Martin that make this kind of extraordinary planetary violence possible.

For example, on February 28, the United States launched an attack on the Shajareh Tayyebeh Girls’ School in Minab, Iran. A Tomahawk cruise missile – one of the most precise guided weapons on the planet – was launched from a nearby warship and pummelled the building, causing the school to collapse in on itself. Soon after, a second missile hit the school’s courtyard, where desperate survivors were gathering.

2026-08-06

There are a myriad of reasons why I don't watch movies much anymore.

That is, new movies.

A lot of it is because I'm not the target audience.

A lot of it is because I don't find any of them interesting.

But this person calls out that in a lot of ways, they aren't really movies at all.




2026-07-26

Long goodbyes.

And lots of destruction along the way - https://consortiumnews.com/2026/07/25/vijay-prashad-the-long-goodbye-to-us-dollar/

Vijay Prashad: The Long Goodbye to the US Dollar

Failing to help one's people during a climate catastrophe? Check. Funded by the NED? Check.

Yay Nepal's government on both counts! https://thegrayzone.com/2026/09/09/landslide-leaks-nepals-leaders-cia/