Monday, October 31, 2011
- Internal documents of Koch Industries prove that the company took elaborate steps to ensure that their US-employees weren't involved in the sales to Iran
- While is not 100% certain at this point that Koch Industries did in fact violate US law, according to Bloomberg Markets Magazine, internal memos show for example that the details of the sales with Iran were meticulously checked by US lawyers of Koch Industries and coordinated with the lawyers in order to fully ensure that no visible involvement of US-citizens took place
- Koch Industries paid bribes in six countries from 2002 to 2008 to win business in Africa, India and the Middle East, comparable to similar behaviour of German technology giant Siemens (Siemens subsequently had to pay a $ 1.6 billion fine!)
- Koch Industries sacked a compliance officer in France in June 2009 who discovered the illegal bribes at Koch Industries subsidiary Koch-Glitsch
- These revelations were made possible through newly discovered documents from two labour court cases in France
- Bloomberg Markets reveals that former employees of Koch Industries harshly criticize the company for their internal practises and ethics
Sunday, October 30, 2011
Saturday, October 29, 2011
Friday, October 28, 2011
Thursday, October 27, 2011
CBO finds that, between 1979 and 2007, income grew by:
- 275 percent for the top 1 percent of households,
- 65 percent for the next 19 percent,
- Just under 40 percent for the next 60 percent, and
- 18 percent for the bottom 20 percent.
The share of income going to higher-income households rose, while the share going to lower-income households fell.
- The top fifth of the population saw a 10-percentage-point increase in their share of after-tax income.
- Most of that growth went to the top 1 percent of the population.
- All other groups saw their shares decline by 2 to 3 percentage points.
Wednesday, October 26, 2011
Tuesday, October 25, 2011
Monday, October 24, 2011
Sunday, October 23, 2011
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