Fed Delays Volcker Rule, Giving Wall Street Another Holiday Gift

by Zach Carter, Huffington Post

Christmas came early for Wall Street this year. The Federal Reserve on Thursday granted banks an extra year to comply with a key provision of the Volcker Rule, a move that gives financial lobbyists more time to kill the new regulation before it goes into effect.

The Volcker Rule is a key element of the 2010 Dodd-Frank financial reform law that bans banks from engaging in proprietary trading — speculative deals that are designed only to benefit the bank itself, rather than its clients. Thursday’s move by the Fed gives banks an additional year to unwind investments in private equity firms, hedge funds and specialty securities projects. The central bank also said it plans to extend the deadline by another 12 months next year, which would give Wall Street a two-year reprieve through the 2016 presidential election.

The Fed’s delay comes less than a week after Congress granted Wall Street a reprieve from another reform that had been mandated by the 2010 Dodd-Frank financial reform law. The measure, known as the swaps push-out rule had eliminated federal subsidies for trading in risky derivatives — the complex contracts at the heart of the 2008 banking meltdown. Bank watchdogs say the Volcker Rule delay adds insult to injury.

[read more here]

US, Canada & Ukraine vote against Russia’s anti-Nazism resolution at UN

from RT

UN General Assembly’s Third Committee passed a Russia-proposed resolution condemning attempts to glorify Nazism ideology and denial of German Nazi war crimes. The US, Canada and Ukraine were the only countries to vote against it.

The resolution was passed on Friday by the committee, which is tasked with tackling social and humanitarian issues and human rights abuses, by 115 votes against three, with 55 nations abstaining, Tass news agency reported.

The document voiced concern over the rise of racism-driven crimes around the world and the influence that parties with extremist agendas are gaining.

…The resolution also decried attempts to whitewash Nazi collaborators by depicting them as fighters of nationalist resistance movements and honoring them as such.

“The fact that the US, Canada and Ukraine voted against, while delegations from EU member states abstained in the vote on this draft resolution, which was supported by an overwhelming majority of the UN member states, is extremely regrettable,” the Russian Foreign Ministry said in a statement.

“Ukraine’s position is particularly dispiriting and alarming. One can hardly understand how a country, the people of which suffered their full share of the horrors of Nazism and contributed significantly to our common victory against it, can vote against a resolution condemning its glorification,” the ministry said.

[read more here]

Peter Kassig Was Part of Gen. McChrystal’s “Killing Machine” in Iraq from 2006-2007

by Scott Creighton

Peter Kassig, whatever else he was, was no “humanitarian” and in all likelihood, he was operating a front NGO out of Turkey helping train and supply Barack Obama’s regime change destabilization campaign of death-squads in Syria from late 2012 to Oct. 2013. That conclusion is based on the fact that he was indeed a special forces Ranger with the 75th Ranger Regiment in Iraq from mid-2006 to 2007.

“(in 2006) Kassig then became a U.S. Army Ranger, with an army special operations unit, 1st Battalion, 75th Ranger Regiment. His service including training in Fort Benning, Georgia, and a fourteen-month deployment to Iraq, from June 2006 to September 2007, when he received a medical dischargeWiki bio

What were the 75th Ranger Regiment doing in Iraq during that time? It’s called the Salvador Option and it’s basically the same thing we are doing now: training and aiding pro-government death-squads in Iraq in order to quell an uprising against our puppet regime, to make them “obey and submit” to our occupation.

Continue reading

Peter Kassig – The Hasty Distraction of the Latest “ISIS” Beheading Video

by Scott Creighton

Two days ago a major news story broke featuring what was claimed to be an image of one of our Ukrainian puppet regime’s fighter jets shooting down Flight MH17.

Today, the “interwebs” are ablaze with the story of yet another fake “ISIS” beheading video. They can add this one to the growing inglorious list:

This one doesn’t even bother with a recorded statement from the victim nor does it purport to show the “terrorist’ hacking away at his neck with no blood being produced. There is no fake body on the ground “money shot” either. Instead, there is simply the fake head prop lying at the feet of the MI6 agent pretending to be the “ISIS” terrorist.

As usual, the New York Times finds a way to lie even about this ridiculous hastily hammered together distraction video.

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The Reaction to the Flight MH17 Shoot Down Pic Tells Us a Lot About It’s Validity

by Scott Creighton

UPDATE: see update at end of article

——-

As the story of the photo of the fighter shooting down what is supposedly Malaysian Airlines Flight MH17 slips quietly down the memory hole, we can gain a little insight into it’s relative validity by taking a look at how it was covered or not covered, whatever the case may be.

Many assumed, because they were told to by hundreds of folks who trolled the alternative news community that actually took the time to cover this development, that this was simply a NWO created bit of disinformation designed to discredit Russia and make them look guilty by association of the downing of Flight MH17.

Though that may be true, I’ve noticed there seemed to be an awful lot of paid trolls running around doing whatever they could to disrupt any thread on the subject in every blog or news site that dared bring it up.

So what I have done here is taken a look at how this story has been handled since it came out and made a rather unpopular conclusion as to the validity of the image itself.

  1. Trolls and Regime Change Bloggers
  2. Media Coverage
  3. Always Consider the Source
  4. Another Set of Distractions for a Certain Sector of the Online Community
  5. Conclusion

Continue reading

Brussels protests: Anti-austerity demonstrations end in violent clashes with police

by Kashmira Gander, from the Independent

Violent clashes marred trade union-led demonstration in the Belgian capital of Brussels today, where some 100,000 workers gathered to protest against the government’s free-market reforms and austerity measures.

For around two hours, the unexpectedly large crowd rallied peacefully in the main streets of central Brussels, against measures they claim are damaging the welfare state.

The trade unions object to government policies that promise to raise the pension age from 65 to 67, freeze the automatic link between wages and inflation, and cut public services in a way that would affect the entire population.

Violence later broke out, with police firing tear gas and using water canon against the crowd to break up incidents. No casualties were immediately reported.

Philippe Dubois, a protester who came from the industrial rust belt of Liege, told reporters:”They are not looking for money where it is, I mean people with a lot of money.”

The event launched a month-long campaign by trade unions against the pro-business governing coalition, which will culminate in a nationwide strike on 15 December.

[read more here]

French President Hollande’s mid-term TV appearance: No shift in right-wing policies

by Alex Lantier, WSWS

French president François Hollande made a 90-minute appearance on TF1 television last night on a special show titled “Live with the French People,” billed as a last-ditch attempt to halt the collapse of his presidency, which threatens to bring down Hollande’s Socialist Party (PS) with him.

The appearance came at precisely the middle of Hollande’s five-year term, with 5 million people on unemployment rolls in France and economic forecasts continuing to worsen, and Hollande’s own approval ratings collapsing to 12 percent. His jobs policy has only a 3 percent approval rating. This makes Hollande far and away France’s most unpopular president since General Charles de Gaulle created the office in 1958.

Nonetheless, Hollande signalled that there will be no change of course from his pro-business, pro-war agenda. Pressed by presenters to admit to errors that he could use to claim that he was identifying his mistakes and learning from them, Hollande refused, saying only that he wished that unemployment were not so high.

Instead, he unabashedly laid out his right-wing views. He hailed businesses as the engines of economic growth, praised the social cuts of Germany’s former social-democratic chancellor Gerhard Schroeder and his own Responsibility Pact, with its €50 billion of social cuts, and pledged to continue France’s wars in Africa

[read more here]

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