Every day we have outrage after outrage against the U.S. worker and middle class. There is so much economic injustice, it's hard to keep up. Yet some stories are so outrageous you'll swear out loud and scare the dog. Such is the story of McDonald's workers being paid by debit cards instead of checks, forced to do so. An McDonald's ex-employee just sued over it:
Banks running amok. Banks losing billions. Banks busted for fraud that went on for over 20 years. Banks overcharging customers. The hits just keep on coming. One would think, at this point, the business suit would be more a symbol of jailbirds than a uniform of respectability. Yet on and on it goes and with that we overview the latest adventures in Mafia style Banksterdom.
The headlines blare JPMorgan Chase Revives Markets when they announced a $5.8 billion dollar loss on their derivatives trades.
The largest U.S. bank tried to demonstrate Friday that the worst of the problem was in the rear-view mirror, reporting a $4.96 billion profit for the second quarter, down 8.7% from a year ago.
That's almost three times larger than the originally reported $2 billion loss and that loss could climb to $7.5 billion. What does Wall Street do with this news, why reward the bank of course!
Meanwhile new investigations against JPMorgan Chase are popping up with the bank refusing to release emails about manipulating the electricity market.
Tuesday April 8, DHS CIS (Citizenship and Immigration Services) issued a Final Interim Rule to extend F-1 foreign student OPT time limits to 29 months without public comment and without Congressional review. Public comment was requested, after enactment, as a slap in the face. CIS has grown accustomed to re-writing immigration law without due process - last year an additional 20,000 H-1B visas were handed out in this manner.
CHARGE TO THE COMMITTEE
The National Academies was asked by Senator
Lamar Alexander and Senator Jeff Bingaman of the
Committee on Energy and Natural Resources, with
endorsement by Representative Sherwood Boehlert and
Representative Bart Gordon of the House Committee on
Science, to respond to the following questions:
What are the top 10 actions, in priority order, that
federal policymakers could take to enhance the sci-
ence and technology enterprise so that the United
States can successfully compete, prosper, and be
secure in the global community of the 21st centu-
ry? What strategy, with several concrete steps,
could be used to implement each of those actions?
Page 8 BEST AND BRIGHTEST [where have we heard that before? Google it.]
IN SCIENCE AND ENGINEERING HIGHER EDUCATION
Banks running amok. Banks losing billions. Banks busted for fraud that went on for over 20 years. Banks overcharging customers. The hits just keep on coming. One would think, at this point, the business suit would be more a symbol of jailbirds than a uniform of respectability. Yet on and on it goes and with that we overview the latest adventures in Mafia style Banksterdom.
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