Ian Bunn | Political & Popular Culture Arts

Carey L Biron the American Washington correspondent reporting on development, international governance and US foreign policy has published an article on the IPS News Service titled ‘U.S. Firms Stash Tens of Billions in Tax Havens’. Biron states “The research arm of the U.S. Congress is warning that U.S. corporations’ use of tax havens has risen substantially in recent years, with companies offering massively inflated profit reports from small countries with loose tax regulations. …Further, these numbers appear to be growing. Extrapolation from the new CRS statistics suggests that U.S. corporate profits reported from, for instance, Bermuda grew by five times during the decade leading up to 2008, the last year for which data is available. Perhaps the most striking part of the new findings is simply the brazenness with which U.S. corporations appear to have become accustomed to misreporting their overseas earnings. …Incredibly, notes Citizens for Tax Justice, an advocacy group here in Washington, these countries were found to have accounted for 43 percent of the 940 billion dollars of overseas profits reported by U.S. multinational corporations, despite having made just seven percent of their foreign investments in those same countries. On the other hand, the five countries where U.S. corporations do much of their overseas business (the United Kingdom, Germany, etc) were reported to tax authorities as having accounted for just 14 percent of overseas profits. …Tax-dodging effectively takes food from hungry mouths,” Stephen Hale, advocacy head for Oxfam, said in a statement. The group offers an estimate of 32 trillion dollars currently sitting in tax havens around the world, and notes that taxes on this lump sum could raise nearly 190 billion dollars a year. On the contrary, Oxfam states, “Just 50.2 billion (dollars) a year is estimated to be the level of additional investment needed, combined with other policy measures, to end global hunger.”

Inspired by Carey L. Biron, IPS News ow.ly/hYE3X Image source Twitter ow.ly/hYE37

Ian Bremmer the 43 year old American political scientist specializing in US foreign policy and global political risk has published an article on Reuters titled ‘What do we know about China’s new leadership?’. Bremmer states “As China obsessives know, it is tough to read tea leaves when the water is as opaque as that surrounding China’s Politburo. In the wake of the Chinese leadership transition, we’re left to sift through the news in search of answers. There is plenty we do not know about the process or what its outcome will bring, but when it comes to underlying themes we can understand, it is possible to make some predictions. Start with solidarity. In the most telling example of Chinese political unity, the Politburo, the elite political body that makes all of China’s major decisions, went from nine people to seven to consolidate control of the political process. The Communist Party is now more unified than before and is less likely to tolerate dissent from within. The stability of the Communist Party is paramount. All else will fall in line. Note what happens to those who don’t. If the Bo Xilai incident demonstrated anything, it’s that, in China, nails that stick up will be hammered down. There is no room for leaders who stray from the party platform. Need more evidence that power is being consolidated? Hu Jintao recently surrendered his military position sooner than expected so Xi Jinping, the incoming president, could have more control. Li Keqiang, Xi’s incoming deputy, got the nod to run the economy rather than Wang Qishan   the most senior and noted market reformer of the lot. Three of five of the remaining standing committee members seem to be protégés of former President Jiang Zemin, a sign that the leadership is looking to past success as much as to the future.”

Inspired by Reuters ow.ly/fKe67 image source Stephen Voss ow.ly/fKe0D

James R. Lobe the 63 year old American journalist and the Washington Bureau Chief for the Inter Press Service, best known for his criticism of U.S. foreign policy and American militarism, has published an article on the IPS News titled ‘US: Pushback Against Growing Islamophobia’. Lobe states “Faced with a rise in anti-Muslim sentiment and a well-funded campaign to promote Islamophobia, a coalition of faith and religious freedom groups said it will circulate a new pamphlet on frequently asked questions (FAQs) about Islam and U.S. Muslims to elected officials across the United States. The initiative, which coincides with the appearance in subway stations in New York City and Washington of pro-Israel ads equating the Jewish state with “civilised man” and “Jihad” with “savages”, is designed to rebut the notion that Muslims pose a threat to U.S. values and way of life. “Nothing gives weight to bigotry more than ignorance,” said Rev. Welton Gaddy, a Baptist minister who is president of the Interfaith Alliance, a grassroots organisation of leaders representing 75 faith traditions. “The FAQ enables people to be spared of an agenda-driven fear and to be done with a negative movement born of misinformation…” Gaddy was joined by Charles Haynes, director of the Religious Freedom Project of the Freedom Forum’s First Amendment Center which co-sponsored the new 13-page pamphlet, entitled “What is the Truth About American Muslims?” “In my view,” Haynes said in reference to the so-called “Stop Islamisation of America” (SIOA) movement that, among other things, has sponsored the subway ads, “this campaign to spread hate and fear is the most significant threat to religious freedom in America today”.”

Inspired by IPS News ow.ly/ezr6u image source Lobelog ow.ly/ezr23

US military buildup to confront Iran (December 30th)

Avram Noam Chomsky the 83 year old US philosopher renowned for his critiques of US foreign policy has an article re-published on Aljazeera in which he discusses the US military buildup to confront the Iranian foreign policy crisis confronting the US. “The Obama administration has been rapidly expanding US offensive capacity in the African island of Diego Garcia … nuclear-powered guided-missile submarines with Tomahawk missiles, which can carry nuclear warheads. Each submarine is reported to have the striking power of a typical carrier battle group … the substantial military equipment Obama has dispatched includes 387 “bunker busters” used for blasting hardened underground structures … On taking office, Obama immediately accelerated the plans, and they are to be deployed several years ahead of schedule, aiming specifically at Iran… The increasing threats of military action against Iran are of course in violation of the UN Charter … call to all states to resolve disputes related to nuclear issues peacefully … which bans the use or threat of force.”

Inspired by Norm Chomsky http://ow.ly/89XaE image source Duncan Rawlinson http://ow.ly/89XeT