HSBC, the US Justice Department, and the War on Drugs

December 11, 2012: HSBC Bank agreed to pay $1.256 billion and enter into a deferred prosecution agreement with the Justice Department for HSBC’s violations of the Bank Secrecy Act (BSA), the International Emergency Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA). According to court documents, HSBC Bank USA violated the BSA …

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Plato on the Evils of a “Government Resting on a Valuation of Property”

Hi. Here is a very interesting and timely exchange between Socrates and Glaucon in Plato's The Republic, ~360 BCE, Book 8:   GLAUCON: And what manner of government do you term oligarchy? SOCRATES: A government resting on a valuation of property, in which the rich have power and the poor man is deprived of it. GLAUCON: …

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The BBC Defines “Working Class”?

The BBC published an article titled The shame of Afghanistan's virginity tests on December 29, 2017. While the subject is truly depressing, I was struck by the following line: Coming from a working-class background, Neda says her weekly pocket money didn't cover her everyday costs. Her mother often asks her to go without lunch if she has …

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Pope Francis: Don’t Believe the Hype!

The hype surrounding the new Pope has to stop. There’s nothing progressive about Pope Francis. Whatever the TV or your friends are repeating is false or completely out of context. Let me walk you through some of the most talked-about points: Homosexuality We all heard the now famous line from the Pope when asked about …

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Will the Real Adam Smith Please Stand Up!

Excerpted from Class Warfare, 1995, pp. 19-23, 27-31 DAVID BARSAMIAN: One of the heroes of the current right-wing revival... is Adam Smith. You've done some pretty impressive research on Smith that has excavated... a lot of information that's not coming out. You've often quoted him describing the "vile maxim of the masters of mankind: all …

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Manufacturing Consent: A Propaganda Model

The mass media serve as a system for communicating messages and symbols to the general populace. It is their function to amuse, entertain, and inform, and to inculcate individuals with the values, beliefs, and codes of behavior that will integrate them into the institutional structures of the larger society. In a world of concentrated wealth …

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