Spain Follows Iceland as Mass Arrests of Top Bankers Begin

Stephan:  Iceland was the only country that made the collective decision that the bankers who created the financial crisis of 2008 should be held responsible. It created a total freakout in the banking world, but Iceland persevered and as a result its economy has prospered. Now Spain is following suit. The U.S. -- don't hold your breath -- it's not going to happen.

Spanish bankers being arrested
Credit: Neon Nettle

Spain has followed Iceland’s footsteps by charging their top bankers for failed Bank leading the loss of Millions of Euros for smaller investors. Last year, Iceland jailed nine of its top bankers for a total of 46 years for crimes relating to the 2008 economic crash. Spains Supreme court last year ruled that there was “serious inaccuracies” about listing led investors to back bankia in error, as a result the bank has paid out millions of Euros in compensation.

Freethoughproject reports: This, of course, markedly departs from the mammoth taxpayer giveaway — commonly referred to as the bailout — approved by the U.S. government ostensively to “save” the Big Banks and, albeit unstated, allow the enormous institutions to continue bilking customers without the slightest fear of penalty. But Spanish authorities could not abide the telling findings of a yearlong investigation into the failed listing, as Wolf Street explains, “As part of the epic, multi-year criminal investigation into the doomed IPO of Spain’s frankenbank Bankia – which had been assembled […]

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Trump Administration Seeks Big Budget Cuts for Climate Research

Stephan:  In Trump world science is dangerous because it tells ordinary people things they shouldn't know. So how do you control that? Why stop funding science of course. If scientists can't do the research they can't reach those unpleasant conclusions you don't want people to know about. Does this sound like something from the tea party in Through the Looking Glass? I thought so. But it is also the reality we are now living in.  

An artist’s rendition of the Suomi National Polar-Orbiting Partnership satellite.
Credit: National Oceanic and Atmospheric Administration

The expected rollback to federal climate science has begun.

In its preliminary budget proposal, the Trump administration has targeted environmental protections and climate change research. And while the cuts are essentially an opening salvo in what promises to be a fight with Congress once the budget requests formally arrive, they also demonstrate the level of hostility many scientists feared their work would face from the White House.

The administration is seeking a nearly 20 percent cut to the National Oceanic and Atmospheric Administration’s budget, including to its satellite division, The Washington Post reported. That includes significant cuts to the National Environmental Satellite, Data and Information Service, which has produced research that disproved the notion of a global warming pause. NOAA’s satellites provide invaluable data on climate change that are used by researchers throughout the world. The NOAA cuts target the Office of Ocean and Atmospheric Research, which conducts the bulk of the agency’s climate research.

That’s on top of proposed reductions to […]

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E.P.A. Head Stacks Agency With Climate Change Skeptics

Stephan:  Scott Pruitt, the man selected by Donald Trump to oversee how America dealt with the wellbeing of the planet and the beings who inhabit it is doing just what Trump wanted him to do: he is gutting the system and, where he can't gut it he is putting senior management in place who share his views that environmental regulations are all bad both conceptually and in detail. As a result all of us will live in a world where the environment is degraded and little of consequence is done to prepare the country for the climate change that is going to overwhelm us because we will be unprepared. If you voted for Trump, or a third party candidate, or didn't bother to vote, you face some serious karma.

Scott Pruitt, the Environmental Protection Agency administrator, last month. He built a career suing the agency he now leads.
Credit Stephen Crowley/The New York Times

WASHINGTON — Days after the Senate confirmed him as administrator of the Environmental Protection Agency, Scott Pruitt appeared at the Conservative Political Action Conference and was asked about addressing a group that probably wanted to eliminate his agency.

“I think it’s justified,” he responded, to cheers. “I think people across the country look at the E.P.A. the way they look at the I.R.S.”

In the days since, Mr. Pruitt, a former Oklahoma attorney general who built a career out of suing the agency he now leads, has moved to stock the top offices of the agency with like-minded conservatives — many of them skeptics of climate change and all of them intent on rolling back environmental […]

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Trump administration reviewing EPA website, curbs agency communication

Stephan:  In the Fascist playbook one of the first moves is to control citizen's access to accurate information. Information is a weapon that can be used against you so it is important that citizens not have access to it.  And Trump is nothing if not a by the book Fascist.

WASHINGTON — The Trump administration is examining the website of the Environmental Protection Agency to determine which information will remain, underscoring concerns that climate change and other scientific data might be removed.

EPA employees have also been instructed not to release press releases, publish blog posts or post anything on social media. It’s part of a crackdown by the new administration that seems to be especially felt at the EPA and the Interior Department, leaving some employees “terrified.”
EPA spokesperson Doug Erickson said the objective of the website review is to have an agency page that reflects the new administration’s policies.
“We are not passing judgment on science,” he said.
Asked if climate change data on the EPA site would be removed because it doesn’t reflect the ideas of the new administration, Erickson responded, “you can speculate that if you want but I didn’t say that. I am only saying we are reviewing the website to make sure material on it reflects the new administration.”
Trump was outspoken during the campaign about […]

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Trump budget battle may be looming over National Endowment for the Arts

Stephan:  Every developed nation in the world has its version of the National Endowment for the Arts. Why? Because the arts define culture and produce a sense of national identity. Republicans don't understand that, for the same reason Hitler hated modern art: because artists as a group tend to be a forward looking cohort. They care about wellbeing in the broadest sense. What is an elitist authoritarian to do? Why get rid of this irritating agency, of course, and that is what Trump and the Republican are getting ready to do. We will soon be the only developed nation without an arts agency, and our children, and we ourselves will be the poorer for it. Here is some data.

The National Endowment for the Arts was created in 1965 to invest in culture much the way the country had invested in science. Congress has decreased its budget in recent years from $167.5 million in 2010 to $148 million in 2016.

WASHINGTON — Arts groups across the country are preparing to battle President Trump to keep intact the National Endowment for the Arts and the funding it provides to state and local groups.

Americans for the Arts is mobilizing some 5,000 local councils, agencies and funders and 300,000 “citizen activists” to flood members of Congress with calls, sign a petition to the White House and generally get the message out about the importance of the arts and federally funding them as Trump finalizes his budget in the coming weeks.

Americans for the Arts President Robert Lynch, who has also reached out to the White House himself, says he wants Trump and his team to know federal support for the arts creates jobs and stimulates economic growth, “the very things that the president is saying he wants […]

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