Tag: Profits

The significance of the Democratic Socialists of America’s call for US war against Russia until “Ukrainian victory”

Tina Marie (Ms. Cat)

The decision by the entire Congressional slate of Democratic Socialists of America (DSA) members and DSA-backed representatives to rescind a letter to Joe Biden calling for peace talks with Russia increases the likelihood of direct conflict between the US and Russia and raises the risk of nuclear war.

The significance of the Democratic Socialists of America’s call for US war against Russia until “Ukrainian victory”

Strikes & protests in France (and demonstrations in the US)

Tina Marie (Ms. Cat)

Strikes grow as Macron postpones threat to crush French refinery strike

Related:

French left-wing parties gather protesters to march in Paris, as refinery strikes persist

The French call for NATO exit

MSM was all over the cost of living protests but nothing about the Anti-NATO protests. Videos have emerged of police repression in Paris (at which protest, I’m unsure). Meanwhile, in the US, the Poor People’s Campaign, and allies, held multiple demonstrations to get out the vote (which were mainly covered by local news).

Health Insurance Whistleblower: Medicare Advantage Is “Heist” by Private Firms to Defraud the Public

Tina Marie (Ms. Cat)

Many of the nation’s largest health insurance companies have made billions of dollars in profits by overbilling the U.S. government’s Medicare Advantage program. A New York Times investigation has revealed that under the Advantage program, health insurance companies are incentivized to make patients appear more ill than they actually are. Some estimates find it has cost the government between $12 billion and $25 billion in 2020 alone. We speak with former healthcare insurance executive Wendell Potter, now president of the Center for Health and Democracy, who says Medicare Advantage will be recognized in years to come as the “biggest transfer of wealth” from taxpayers to corporate shareholders, and blames the lack of regulation over the program on the “revolving door between private industry and government.”

Health Insurance Whistleblower: Medicare Advantage Is “Heist” by Private Firms to Defraud the Public

Related:

‘The Cash Monster Was Insatiable’: How Insurers Exploited Medicare for Billions (archived)

The Straw That Broke the Camel’s Back: The Best Way to Respond to Saudi Arabia’s Embrace of Putin

Tina Marie (Ms. Cat)2 Comments

The Best Way to Respond to Saudi Arabia’s Embrace of Putin

But this claim is unjustified. OPEC has never cut production in such a record tight market and these production cuts will lead to unsustainably low oil inventories, sending the price of oil skyrocketing out of any “acceptable band.” Furthermore, the G-7 oil price caps plan is not targeted at OPEC; it is strictly limited to Russian oil.

Nor can this Saudi move be justified by the non-existent global recession its leaders cite. Presently markets are very tight, with lush 73 percent profit margins for Saudi Arabia. In other words, there was no immediate need for Saudi Arabia to reduce supply unless they were seeking to harm the U.S. to the benefit of Russia.

Non-existent global recession?!? Low oil inventories?!? Maybe Biden shouldn’t be releasing our oil from the Strategic Petroleum Reserve?! As for never cutting production, before, looks like they have!? 🤷🏼‍♀️

The Euro Without German Industry

Tina Marie (Ms. Cat)

By Michael Hudson

The reaction to the sabotage of three of the four Nord Stream 1 and 2 pipelines in four places on Monday, September 26, has focused on speculations about who did it and whether NATO will make a serious attempt to discover the answer. Yet instead of panic, there has been a great sigh of diplomatic relief, even calm. Disabling these pipelines ends the uncertainty and worries on the part of US/NATO diplomats that nearly reached a crisis proportion the previous week, when large demonstrations took place in Germany calling for the sanctions to end and to commission Nord Stream 2 to resolve the energy shortage.

The Euro Without German Industry

How Joe Biden Made the War in Ukraine a Gift to the Gas Industry

Tina Marie (Ms. Cat)
Gas execs

How Joe Biden Made the War in Ukraine a Gift to the Gas Industry

The letter, dated February 25, just one day after Vladimir Putin’s forces launched their assault on Ukraine, noted the “dangerous juncture” of the moment before segueing into a list of demands: more drilling on US public lands; the swift approval of proposed gas export terminals; and pressure on the Federal Energy Regulatory Commission, an independent agency, to greenlight pending gas pipelines.

…

Much of the new gas infrastructure won’t be operational for several years, which may be beyond the timeframe of the Russia-Ukraine conflict that has squeezed supplies and caused gas prices to spike. So much LNG export is planned or under construction, adding up to about half of all total US gas production, that it will probably cause gas prices to climb for domestic American users, according to Clark Williams-Derry, analyst at the Institute for Energy Economics and Financial Analysis

“It’s beginning to eat into the amount of gas available to domestic consumers,” said Williams-Derry. “We will see very severe impacts on domestic US gas prices. We will see the impacts for as long as the eye can see.”