he's part of the BCE illegal invasion war machine. that part we'll not worry about.
Occupy ROTH Army
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All you want is a free ride. All you care about is yourself. You want someone else to pay your way. You want to sink your claws into he backs of other citizens and leach off of them. People like you are not an answer to what is broke with the "system," but an added burden to the system. You suck.
You little annoying Sean Hannity wannabe faggot.Comment
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The New York police could learn something from the Portland, Oregon police.
No! You can't have the keys to the wine cellar!Comment
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interesting article
Revealed – the capitalist network that runs the world
19 October 2011 by Andy Coghlan and Debora MacKenzie
Magazine issue 2835. Subscribe and save
For similar stories, visit the Finance and Economics Topic Guide
AS PROTESTS against financial power sweep the world this week, science may have confirmed the protesters' worst fears. An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy.
The study's assumptions have attracted some criticism, but complex systems analysts contacted by New Scientist say it is a unique effort to untangle control in the global economy. Pushing the analysis further, they say, could help to identify ways of making global capitalism more stable.
The idea that a few bankers control a large chunk of the global economy might not seem like news to New York's Occupy Wall Street movement and protesters elsewhere (see photo). But the study, by a trio of complex systems theorists at the Swiss Federal Institute of Technology in Zurich, is the first to go beyond ideology to empirically identify such a network of power. It combines the mathematics long used to model natural systems with comprehensive corporate data to map ownership among the world's transnational corporations (TNCs).
"Reality is so complex, we must move away from dogma, whether it's conspiracy theories or free-market," says James Glattfelder. "Our analysis is reality-based."
Previous studies have found that a few TNCs own large chunks of the world's economy, but they included only a limited number of companies and omitted indirect ownerships, so could not say how this affected the global economy - whether it made it more or less stable, for instance.
The Zurich team can. From Orbis 2007, a database listing 37 million companies and investors worldwide, they pulled out all 43,060 TNCs and the share ownerships linking them. Then they constructed a model of which companies controlled others through shareholding networks, coupled with each company's operating revenues, to map the structure of economic power.
The work, to be published in PloS One, revealed a core of 1318 companies with interlocking ownerships (see image). Each of the 1318 had ties to two or more other companies, and on average they were connected to 20. What's more, although they represented 20 per cent of global operating revenues, the 1318 appeared to collectively own through their shares the majority of the world's large blue chip and manufacturing firms - the "real" economy - representing a further 60 per cent of global revenues.
When the team further untangled the web of ownership, it found much of it tracked back to a "super-entity" of 147 even more tightly knit companies - all of their ownership was held by other members of the super-entity - that controlled 40 per cent of the total wealth in the network. "In effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network," says Glattfelder. Most were financial institutions. The top 20 included Barclays Bank, JPMorgan Chase & Co, and The Goldman Sachs Group.
John Driffill of the University of London, a macroeconomics expert, says the value of the analysis is not just to see if a small number of people controls the global economy, but rather its insights into economic stability.
Concentration of power is not good or bad in itself, says the Zurich team, but the core's tight interconnections could be. As the world learned in 2008, such networks are unstable. "If one [company] suffers distress," says Glattfelder, "this propagates."
"It's disconcerting to see how connected things really are," agrees George Sugihara of the Scripps Institution of Oceanography in La Jolla, California, a complex systems expert who has advised Deutsche Bank.
Yaneer Bar-Yam, head of the New England Complex Systems Institute (NECSI), warns that the analysis assumes ownership equates to control, which is not always true. Most company shares are held by fund managers who may or may not control what the companies they part-own actually do. The impact of this on the system's behaviour, he says, requires more analysis.
Crucially, by identifying the architecture of global economic power, the analysis could help make it more stable. By finding the vulnerable aspects of the system, economists can suggest measures to prevent future collapses spreading through the entire economy. Glattfelder says we may need global anti-trust rules, which now exist only at national level, to limit over-connection among TNCs. Bar-Yam says the analysis suggests one possible solution: firms should be taxed for excess interconnectivity to discourage this risk.
One thing won't chime with some of the protesters' claims: the super-entity is unlikely to be the intentional result of a conspiracy to rule the world. "Such structures are common in nature," says Sugihara.
Newcomers to any network connect preferentially to highly connected members. TNCs buy shares in each other for business reasons, not for world domination. If connectedness clusters, so does wealth, says Dan Braha of NECSI: in similar models, money flows towards the most highly connected members. The Zurich study, says Sugihara, "is strong evidence that simple rules governing TNCs give rise spontaneously to highly connected groups". Or as Braha puts it: "The Occupy Wall Street claim that 1 per cent of people have most of the wealth reflects a logical phase of the self-organising economy."
So, the super-entity may not result from conspiracy. The real question, says the Zurich team, is whether it can exert concerted political power. Driffill feels 147 is too many to sustain collusion. Braha suspects they will compete in the market but act together on common interests. Resisting changes to the network structure may be one such common interest.
The top 50 of the 147 superconnected companies
1. Barclays plc
2. Capital Group Companies Inc
3. FMR Corporation
4. AXA
5. State Street Corporation
6. JP Morgan Chase & Co
7. Legal & General Group plc
8. Vanguard Group Inc
9. UBS AG
10. Merrill Lynch & Co Inc
11. Wellington Management Co LLP
12. Deutsche Bank AG
13. Franklin Resources Inc
14. Credit Suisse Group
15. Walton Enterprises LLC
16. Bank of New York Mellon Corp
17. Natixis
18. Goldman Sachs Group Inc
19. T Rowe Price Group Inc
20. Legg Mason Inc
21. Morgan Stanley
22. Mitsubishi UFJ Financial Group Inc
23. Northern Trust Corporation
24. Société Générale
25. Bank of America Corporation
26. Lloyds TSB Group plc
27. Invesco plc
28. Allianz SE 29. TIAA
30. Old Mutual Public Limited Company
31. Aviva plc
32. Schroders plc
33. Dodge & Cox
34. Lehman Brothers Holdings Inc*
35. Sun Life Financial Inc
36. Standard Life plc
37. CNCE
38. Nomura Holdings Inc
39. The Depository Trust Company
40. Massachusetts Mutual Life Insurance
41. ING Groep NV
42. Brandes Investment Partners LP
43. Unicredito Italiano SPA
44. Deposit Insurance Corporation of Japan
45. Vereniging Aegon
46. BNP Paribas
47. Affiliated Managers Group Inc
48. Resona Holdings Inc
49. Capital Group International Inc
50. China Petrochemical Group Company
* Lehman still existed in the 2007 dataset usedComment
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It's all collusion at the board level. Ever wonder why lousy CEO's get paid well to fail? Then they go and sit on another company's board? Mutual funds. It used to be that before the early 1970's you could only buy individual stocks. With that you got proxy voting rights. If the CEO or board got out of line the stockholders could fire those guys. Now it's funds and the financial institutions have the proxy voting rights. They can steal from the stockholders now and keep their buddies on the board of directors. Then they buy off the dumb politicians. The public have no idea because they are too busy watching American Idol and running their debt up gong on obscene shopping sprees.No! You can't have the keys to the wine cellar!Comment
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Wall Street will have to wait a moment while the world celebrates! Just like that rat in a hole, crooks aren't going anywhere anytime soon.
Waiting on the Occupations Statement of congratulations to the Libyans!"I have heard there are troubles of more than one kind. - Some come from ahead and some come from behind. - But I've bought a big bat. I'm all ready you see. - Now my troubles are going to have troubles with me!" ~ Dr. SeusssigpicComment
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<div style="background-color:#000000;width:520px;"><div style="padding:4px;"><embed src="http://media.mtvnservices.com/mgid:cms:video:thedailyshow.com:400060" width="512" height="288" type="application/x-shockwave-flash" allowFullScreen="true" allowScriptAccess="always" base="." flashVars=""></embed><p style="text-align:left;background-color:#FFFFFF;padding:4px;margin-top:4px;margin-bottom:0px;font-family:Arial, Helvetica, sans-serif;font-size:12px;"><b><a href="http://www.thedailyshow.com/watch/tue-october-18-2011/scorn-in-the-u-s-a-">The Daily Show with Jon Stewart</a></b><br/>Get More: <a href='http://www.thedailyshow.com/full-episodes/'>Daily Show Full Episodes</a>,<a href='http://www.indecisionforever.com/'>Political Humor & Satire Blog</a>,<a href='http://www.facebook.com/thedailyshow'>The Daily Show on Facebook</a></p></div></div>Eat Us And Smile
Cenk For America 2024!!
Justice Democrats
"If the American people had ever known the truth about what we (the BCE) have done to this nation, we would be chased down in the streets and lynched." - Poppy Bush, 1992Comment
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Update: Citibank Protester Talks About Undercover Infiltration In Occupy Wall Street
By Drew Grant 10/18 10:46am
Cops arrest protesters inside Citibank
Updated at bottom
Well, this is sort of a scary story: Marshall Garrett, one of the protesters who was arrested during Saturday’s Occupy Wall Street march for trying to hold a General Assembly in Citibank, told the Village Voice what went down that day. Apparently a plainclothed cop had been very well informed of the situation ahead of time and hidden himself in the crowd.
Here’s what Mr. Garrett told the paper:
But what was unknown to us and to a lot of people that day, including those in Times Square, was that there were undercover cops already there, paid to be disruptive and to be loud. One undercover cop present [at Citi] was louder than the entire group.
How did you know he was an undercover cop?
He arrested one of the protestors outside, and slammed her into the wall, and pushed her back into the bank. We all saw him at the precinct with us. He was laughing with the fellow white shirt cops, telling them about what we’d been saying, basically. It was a bit startling how inside their information was – how they were being paid to go to these protests and put us in situations where we’d be arrested and not be able to leave.
Now, it didn’t require a lot of researching to figure out Occupy Wall Street’s plans for Saturday. They had broadcasted a lot of the information out on their website, OccupyWallSt.org. But when it came down to which banks would actually be targeted for protests, you would have needed to be in Washington Square Park that day in order to be given instructions. (Protesters were split into groups and told to go and close their accounts in either Chase or Citibank.)
So either the Washington Square Park police were able to find out and radio ahead to plainclothes detectives which locations to situate themselves in, or the Occupy Wall Street movement has a couple of NYPD detectives moving inside of their ranks already. Or, Option C, as presented in the blog Red Green and Blue: the kids that were planning the runs on the bank just talked too much about it on social networks.
Update: Or, you know, the cops could have figured it out from Thomas Ryan, who has been forwarding all the Occupy Wall Street listserve information to the FBI, NYPD, and Andrew Breitbart.
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George Washington would have his officers place a piece of white paper in their hats so he could know who was his and who was others. Good night ~`~"I have heard there are troubles of more than one kind. - Some come from ahead and some come from behind. - But I've bought a big bat. I'm all ready you see. - Now my troubles are going to have troubles with me!" ~ Dr. SeusssigpicComment
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No! You can't have the keys to the wine cellar!Comment
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Eat Us And Smile
Cenk For America 2024!!
Justice Democrats
"If the American people had ever known the truth about what we (the BCE) have done to this nation, we would be chased down in the streets and lynched." - Poppy Bush, 1992Comment
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Here's the latest slice of bullshit from Gary Bauer, failed presidential candidate, PNAC signator, "Christian" Zionfascist, and co-founder of this new hate group "Emergency Committee For Israel" whose propaganda hate piece video was posted previously in this thread......
Bauer: "Jared Loughner ... Would Fit In Well With The Occupy Wall Street Movement"
Submitted by Kyle Mantyla on October 21, 2011 - 9:46am
We are not quite sure what it is that Gary Bauer actually does these days. We know that he has been involved in the Emergency Committee For Israel that he founded with Bill Kristol, but mostly he just seems to send out daily emails to activists through his American Values organization.
And yesterday's update contained a couple of real head-scratchers, as Bauer oddly tried to tie the shooting of Rep. Gabrielle Giffords earlier this year to the Occupy Wall Street protests:
As it turns out, the assassin, Jared Loughner, was an apolitical radical who would fit in well with the Occupy Wall Street movement ... The pundits and talking heads turn a deaf ear to all the hyperbolic rhetoric on the left. They were quick to point out one or two odd signs at a Tea Party rally, but they ignore the blatant anti-Semitism in the Occupy Wall Street movement.
Err... not like that particular red herring has anything to do with OWS, of course. But that's exactly what pigs like Bauer want - to hijack the issue.Eat Us And Smile
Cenk For America 2024!!
Justice Democrats
"If the American people had ever known the truth about what we (the BCE) have done to this nation, we would be chased down in the streets and lynched." - Poppy Bush, 1992Comment
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