Imperial Hubris

Kim Dotcom poised for return with Megaupload successor

"Internet tycoon Kim Dotcom will launch a new file-sharing site at his Auckland mansion on Sunday, exactly a year after armed police arrested him at the same venue in the world’s largest online piracy case. Dotcom’s new venture, mega.co.nz, aims to recreate the success of his Megaupload empire, which boasted 50 million daily visitors and accounted for four percent of all Internet traffic before it was shut down after the police raid. Details of the planned service are scarce, but the site promises to use state-of-the-art encryption methods that mean only users, not the site’s administrators, know what they are uploading." Continue reading →

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Iran plans to phase out dollar, euro in foreign trade: Econ. min.

"Iran's Minister of Economic Affairs and Finance Shamseddin Hosseini says the country plans to phase out dollar and euro in its future international transactions after the US and the European Union (EU) imposed sanctions on Iran. '[Iranian] government has made up its mind to phase out vehicle currencies such as dollar and euro in its [foreign] trade,' Hosseini told reporters. He added that after the imposition of sanctions on Iran by the US and the EU, the Central Bank of Iran (CBI) immediately moved to change the country's hard currencies reserves into euro and gold which 'was beneficial to the country.'." Continue reading →

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Westerners Kidnapped in North Africa — but Is France the Real Target?

"Tightened security measures sent hundreds of armed soldiers patrolling Metros, train stations, airports and tourist sites across France, while officials instructed the French people to be wary of the increased risk of attack at home — and abroad. News reports indicated Islamist radicals had kidnapped numerous French, European, and American workers from an oil installation in eastern Algeria. Somalia’s al-Shabab militia also announced it would execute a French spy. Those developments came after warnings by a jihadi leader in Mali on Monday that by attacking Islamist forces in Africa, 'François Hollande opened the gates of hell for all French people.'" Continue reading →

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Honi Soit Qui ‘Mali’ Pense

"The United States, incapable of allowing a military intervention to pass by without jumping on board, dutifully followed France in the Libya debacle, blowback from which was responsible for the re-igniting of the Touareg rebellion in Mali. What do the Touaregs have that is causing such stirring in France's colonial loins? France is dependent on nuclear power for 75 percent of its energy needs. The larger African region controlled by the Touareg, including particular in Niger, contains tons and tons of that substance that brings back memories of the Bush administration's Iraq lies: uranium." Continue reading →

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Study: Democracy in decline around the world

"Democracy around the world was in decline in 2012 for the seventh year in a row as the Arab Spring led nervous autocratic leaders to clamp down on any stirrings of dissent, a study said Wednesday. The annual report by the Freedom House non-governmental organization found 90 countries now enjoyed full freedom, up from 87 nations in 2011, but 27 places saw new restrictions on rights of assembly, expression, and the media." Continue reading →

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US Fires Back In Antiguan Gambling Spat

"The United States has warned Antigua and Barbuda not to pursue compensation agreed by the World Trade Organization (WTO) following a 2004 ruling against US laws prohibiting the provision of online gambling services to the United States market. In a landmark decision in 2004, the WTO agreed that these laws were in violation of the US's international treaty obligations. However, to date, the government of Antigua and Barbuda has said that 'it has been unable, despite sustained efforts, to either get the United States to comply with the WTO ruling or negotiate any reasonable compromise to settle the dispute.'" Continue reading →

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IRS ramps up audits of taxpayers in Israel

"Americans filing their tax returns from Israel are being audited by the U.S. Internal Revenue Service with a frequency that industry professionals have never seen before, according to several certified public accountants. While some of the accountants are not convinced Americans living in Israel are being singled out for audits more than other Americans living abroad, some maintain that the IRS has given indications it will pay more attention to Israel, Hong Kong and Singapore. All are cautioning filers to take note of a new 'vigilance' among U.S. tax authorities less than two months before the June 15 filing deadline for taxpayers living outside the U.S." Continue reading →

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Why Expansionist Central States Inevitably Implode

"We are at the inflection point indicated on the chart where the lines cross, just before the crisis: tax revenues are lagging spending in an enormous structural deficit; the State dominates the economy and its spending cannot possibly be contained, due to the political promises made to entitlement constituencies, fiefdoms and cartels, and the drag of unproductive State spending has sent the economy into systemic decline. Each constituency, cartel and fiefdom is convinced that they are acting in their own best interests in demanding more State funding and subsidies." Continue reading →

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Wyden asks Obama’s terrorism chief for rules governing assassination of U.S. citizens

"'Senior intelligence officials have said publicly that they have the authority to knowingly use lethal force against Americans in the course of counterterrorism operations, and have indicated that there are secret legal opinions issued by the Justice Department’s Office of Legal Counsel that explain the basis for this authority,' Wyden wrote. 'I have asked repeatedly to see these opinions, and I have been provided with some relevant information on the topic, but I have yet to see the opinions themselves.'" Continue reading →

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