Ian Bunn | Political & Popular Culture Arts

Laurent Fabius the 66 year old French Socialist politician who served as Prime Minister and current Foreign Minister has been forced to deny rumors of tax evasion. In an article published on France24 by Joseph Bamat, titled ‘French foreign minister denies tax-evasion ‘rumour’’, Bamat states “Foreign Minister Laurent Fabius denied … a rumour that he may have a secret bank account in Switzerland. The allegation comes less than a week after former budget minister Jérôme Cahuzac admitted he lied about holding a secret Swiss bank account, in a tax-evasion scandal that has rocked the Socialist government of President François Hollande. There is no “substance or foundation” to the news report, Fabius said in a statement to the press, adding he would take legal action to “stop the diffusion of this false and slanderous information”.  …left-leaning daily Libération reported that the investigative news website Médiapart – which broke the Cahuzac affair – was looking into whether Fabius was also stashing away euros in “one or several” bank accounts across the border. It stated that Hollande’s cabinet is in a state of panic ahead of potentially devastating new revelations. “More than an affair, it’s a potential political bomb. Everyone thinks the same thing: if Fabius really does have a Swiss bank account, the entire government would fall. Immediately,” the newspaper wrote in its Monday edition that headlined, “The nightmare continues”. However, Libération did not publish any information or document proving that one of France’s top government minister’s had an illegal bank account. Left reeling from the Cahuzac affair, France’s government attempted to take back the initiative by stating that it was looking into tightening Europe-wide measures against tax evasion. Médiapart chastised the newspaper Libération for publishing the allegations. Contacted by Libération, Médiapart staff journalist Fabrice Arfi said the only news it stood by was “what is published on our site”.”

Inspired by Joseph Bamat, France24 ow.ly/k8WiS Image source Olivier Ezratty ow.ly/k8Wgl

Roberto Savio the Italian Economist , journalist and international communications consultant, founder of the IPS News Service has published an article on the service titled ‘Switzerland Sets Example for Income Equality’. Savio states “For those who think that Occupy Wall Street, the Indignados in Spain, the World Social Forum and the numerous manifestations of protest worldwide are expressions without concrete outcomes, the result of the Swiss referendum on Mar. 3 on capping the salaries and bonuses of banks executives should make them think twice. Like it or not, two-thirds of the Swiss, who are not exactly a revolutionary people, have given the shareholders of financial institutions the right to decide salaries and bonuses of their executives. Another referendum — on limiting the salaries and bonuses of company executives from all sectors to a figure that does not exceed 15 times that of the average salary of their employees — is due shortly. At the same time the European Commission and the European Parliament have reached an agreement on capping bank executives’ bonuses at an amount equal to their annual salary. If the shareholders decide, it can be twice their annual salary, but no more. …people are getting fed up, as the Swiss referendum has clearly shown. Everywhere discontent is seeping into the polls, with protest parties flourishing everywhere. We are in transition to a different system. This can be done through peaceful and cooperative means, or by a continuation of this growing social injustice. History has many lessons on this issue, and it is useless to recall them. We all read them at school, even the 100 billionaires. So, as the Swiss referendum shows, it is not awareness that is lacking: it is political will.”

Inspired by Roberto Savio, IPS News Service ow.ly/jBfFB Image source Gc-Council ow.ly/jBfEv

Martin Khor the 61 year old Malaysian journalist and economist, is the Executive Director of the South Centre (an intergovernmental organisation of developing countries based in Switzerland), has published an article on the IPS News Service titled ‘Debt Crises, a Damocles Sword’. Khor states “The issue of foreign debt has made a major comeback due to the crisis in Europe, in which many countries had to seek big bailouts to keep them from defaulting on their loan payments. Before this, debt crises have been associated with African and Latin American countries. …European countries, notably Germany, insisted that private creditors share the burden of resolving the Greek crisis. They had to take a “haircut” of about half, meaning that they would be repaid only half the amount they were owed. It is increasingly clear that bailouts – where new loans are given to indebted countries to enable them to keep paying their old loans in full – are not enough and may be counterproductive, when the countries are facing a problem of insolvency and not just a temporary lack of liquidity. The restructuring of some of Greece’s debt that was owed to private creditors is an example of what needs to be done. However, the ad hoc restructuring undertaken in the Greek case is not enough. A more systematic framework needs to be made available to countries on the verge of debt default, with principles agreed to internationally. In the absence of this, unilateral debt restructuring will probably be messy, as when a country is forced by desperate circumstances to declare a default and propose its own debt restructuring, which may or may not succeed in getting its creditors to agree to the terms. …Though the debt crisis now has Europe as its epicentre, many developing countries may soon also be facing the same predicament.”

Inspired by Martin Khor, IPS News ow.ly/hLSP6 Image source iisd ow.ly/hLSOn

Heather Stewart the British business and economics editor for the Observer has published an article in The Guardian titled ‘£13tn hoard hidden from taxman by global elite’ discussing how private banks help the wealthiest to move cash into havens. Stewart states “A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according to research commissioned by the campaign group Tax Justice Network. …[wealth] leaked out of scores of countries into secretive jurisdictions such as Switzerland and the Cayman Islands with the help of private banks, which vie to attract the assets of so-called high net-worth individuals. …The detailed analysis in the report, compiled using data from a range of sources, including the Bank of International Settlements and the International Monetary Fund, suggests that for many developing countries the cumulative value of the capital that has flowed out of their economies since the 1970s would be more than enough to pay off their debts to the rest of the world. Oil-rich states with an internationally mobile elite have been especially prone to watching their wealth disappear into offshore bank accounts instead of being invested at home, the research suggests. Once the returns on investing the hidden assets is included, almost £500bn has left Russia since the early 1990s when its economy was opened up. Saudi Arabia has seen £197bn flood out since the mid-1970s, and Nigeria £196bn.”

Inspired by The Guardian ow.ly/d0EA6 image source Twitter ow.ly/d0Eob

If elections could change things they'd be illegal (May 17th 2012)

Nikola  Kosmatopoulos the Greek PhD Candidate with the Department of Social and Cultural Anthropology at the University of Zurich in Switzerland has published an article on Ajazeera titled “If elections could change things, they’d be illegal”. In the article, Kosmatopoulos states “The old anarchist slogan that inspired this article’s title has gained urgent actuality in Greece. …For a long time, the most insightful and inspiring quotes about the political situation in Greece have totally eclipsed the manifestos of technocrats and the reports of journalists. Hope and insights, endurance and critique, are more likely to be expressed through red and black graffiti than in the speeches made by experts. …members of the political elite have shamelessly suggested the indefinite postponement of elections, while European officials have clearly indicated that unless voters choose one of the two major parties, the country would be plunged into chaos. …In the face of all this, it appears essential to ask whether: Instead of drafting an electoral program, it would be more useful to craft everyday programs of population mobilisation against elite-driven violence and misery. Instead of debating with those who massacre “democracy” in the parliament, it would be more effective to join the ranks of those who surround the building.”

Inspired by Aljazeera http://ow.ly/aORni image source ethno.uzh http://ow.ly/aORf7

Peter Ware Higgs the 81 year old UK renowned theoretical physicist for whom the theoretical Higgs boson (predicted existence of a new particle) was named, may well see his prediction evidenced at the Large Hadron Collider located at CERN in Switzerland. The Higgs boson is described as the most sought after particle in modern physics, and referenced by the media as the ‘God Particle’.  While on many occasions over the years physicists believed they have seen hints of the particles existence, but there has not yet been any substantive proof to confirm the elusive ‘goddamn’ particle’s actual existence. Higgs is not the only physicist to predict the existence of the particle as an important ingredient of particle physics, the non-existence of which would leave open the question of how particles would acquire mass.

Inspired by Ian Sample ow.ly/4KAr0 image source Gert-Martin Greuel ow.ly/4KAqL