SWIFT is the financial equivalent of the United Nations. It facilitates the bulk of the world’s cross-border payments. The member-owned cooperative has been described as the ‘glue’ of the global banking system with the value of daily payments using SWIFT estimated at more than $6 trillion. SWIFT is vital to international money flows, exchanging an average 18 million payment messages per day between banks and other financial institutions in 210 countries.
“Young people are being told that they just have to suck it up and live in a world without jobs. We’re being told that America can’t afford teachers, but we can afford CEO tax cuts. We’re being asked to accept a society that rewards wealth and punishes work. A society that makes it harder for young people to go to college. A society where hate is growing … It’s shameful,” said Liz Shuler, secretary-treasurer of the AFL-CIO, in her keynote address during the Next Up conference held last fall. “The economic and social problems, the hate and the fear we see around us this day can only be solved by a fresh generation of committed, smart, tireless and creative activists.”
Speakers, including some who have been incarcerated, talked about reform of the California’s three-strikes sentencing law, the mental punishment of solitary confinement and support for prisoners undertaking hunger strikes to protest conditions inside prisons. They included members of the San Quentin Six, prisoners who faced charges after the 1971 shootings that killed Black Panther George Jackson along with guards and other prisoners. Shane Bauer, one of the three Americans captured in Iran in 2009, talked about the hunger strikes and denial of family letters in his time there.
Gascón also stated that he will not seek the death penalty “in any case” when discussing a previously-cold 1983 murder case.
But that paltry sum and the jury’s verdict of shared responsibility in failing to root out corruption in city government belied the more politically significant accusations made through depositions in the case that Mayor Ed Lee and former Mayor Willie Brown overrode city staff to give contracts to a “fraudulent” yet politically connected company, which proved to be a tangential issue that was left largely unexplored at trial.
District 2 Supervisor Mark Farrell stated that he was “honored to recognize a great district 2 resident who has been part of our lives for many years at ABC.” Farrell presented Tyler with a commendation signed by the Board.
The rotunda was festooned with pink balloons and red roses. Citizen guests excitedly took seats under the dome and gathered at all the balcony rails. Dignitaries were ushered to their reserved seating at the foot of the grand staircase.
Go Lorrie’s Travel & Tours, Inc., better known as GO Lorrie’s, is charged with making $11,500 in illegal contributions last September to the Ed Lee for Mayor 2011 campaign committee. Also charged are Jason Perez, age 40, of San Mateo, the company’s general manager, and Hanan Qutami, 56, of South San Francisco, the company’s chief financial officer.
City and County of San Francisco vs. Cobra Solutions and Telecon was being deliberated by jurors in Superior Court at press time. It centers on a fraud and kickback scheme engineered by convicted felon Marcus Armstrong, a former Department of Building Inspection information technology manager who bilked the city out of at least $482,000 between 1999 and 2001.
Some residents at the meeting with John Stewart Company representatives felt that the representatives had been condescending and unwilling to take their concerns seriously. Some residents also began to fear that their benefits as affordable housing tenants were going to be diminished or taken away, ostensibly to make it easier for the developer to get rid of them and replace them with market-rate tenants.
The Obama administration recently awarded a $433 million no-bid contract to Siga Technologies, the maker of ST-246, an experimental smallpox antiviral drug. This staggering amount would have us believe we were dealing with a multi-trillion dollar surplus instead of the mega-deficit of monumental proportions in which we are currently mired.
Jim Crow was not the name of an actual person. Rather, it was a stereotype; the name of a rigid racial caste system. But it was more than a series of rigid anti-Black laws enacted from 1876 to 1965. Under Jim Crow, African Americans were relegated to the status of second class citizens and and Jim Crow represented the legitimization of anti-Black racism.
Initially the Congress had established three major objectives for monetary policy: maximum employment; stability of prices and interest rates in the long term being moderate. Most often the first two objectives are referred to as the dual mandate of the Federal Reserve.
Following Occupy Oakland’s J28 “Move-in Day” action, which resulted in hundreds of arrests and rampant reports of police brutality and human rights violations against mostly peaceful protesters, there has been a great deal of frustration and tension within the broader movement, Oakland, and the SF Bay Area at large. Occupy Oakland held its’ regularly scheduled weekly march against Police Brutality while many of us were still kettled and/or in transport that night, and a number of us who did not normally attend this action discussed within the walls of Glen Dyer and Santa Rita jails that we could no longer abstain from objecting to the brutality of Oakland’s police force