Who really owns the major companies in the world?

Historical insights & thoughts about the world we live in - and the social conditioning exerted upon us by past and current propaganda.
kickstones
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Re: Who really owns the major companies in the world?

Unread post by kickstones »

hoi.polloi wrote:
you have to hold a position at a registered company to use it.
When I read this, my cynicism joked, "sure, so they know they can fire you for asking too many questions."
It maybe no joke, especially when it is realised Orbis (Bureau van Dijk) is owned by Charterhouse Capital Partners, who in turn conduct business with Citigroup.

....Private equity firm Charterhouse has agreed to buy French call-centre business Webhelp from Astorg Partners. The deal is financed with a loan of around 165 million euros ($238.8 million), arranged by Bank of Ireland and Citigroup.

Top Institutional Holder at Citi group just happens to be Vanguard Group, Inc. With 132,146,131 shares valued at $5,846,144,835.

http://finance.yahoo.com/q/mh?s=C+Major+Holders
http://uk.reuters.com/article/2011/06/1 ... 3Y20110610
http://www.charterhouse.co.uk/index.php?id=12
kickstones
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Re: Who really owns the major companies in the world?

Unread post by kickstones »

Here's a few more interesting connections involving Vanguard and friends....

AMERIGROUP CORP
An American managed care company.
http://tw.rpi.edu/orgpedia/page/company/0000355872

Director of AMERIGROUP
John W Snow

Dr. Snow served as the head of President Bush's economic policy team and principal spokesman on economic policy.
He served as Secretary of United States Department of The Treasury from January 30, 2003 to June 29, 2006.
As a Secretary of the Treasury, he worked closely with President Bush to strengthen economic growth and create jobs.
He served as a Director at Johnson & Johnson and USX Corp.
http://investing.businessweek.com/resea ... t%2C%20L.P.

Johnson & Johnson
Top Institutional Holders
Holder Shares % Out Value* Reported
State Street Corporation 150,770,557 5.37 12,292,323,512 Mar 31, 2013
Vanguard Group, Inc. (The) 128,541,211 4.58 10,479,964,932 Mar 31, 2013
BlackRock Institutional Trust Company, N.A. 74,800,358 2.66 6,098,473,187 Mar 31, 2013
Wellington Management Company, LLP 53,928,701 1.92 4,396,806,992 Mar 31, 2013
http://finance.yahoo.com/q/mh?s=JNJ+Major+Holders

Dr. Snow is a former Co-Chairman of the influential Conference Board's Blue-Ribbon Commission on Public Trust and Private Enterprise.
He served as a Director of AMERIGROUP Corporation from August 05, 2010 to December 24, 2012.
Amerigroup, a wholly owned subsidiary of WellPoint, Inc
http://investing.businessweek.com/resea ... t%2C%20L.P.

WellPoint, Inc
Notable holders
BARROW HANLEY MEWHINNEY & STRAUSS LLC COM 17,860,497 5.97%
VANGUARD GROUP INC COM 13,534,675 4.53%
STATE STREET CORP COMMON EQUITY SHARES 12,588,355 4.21%
Invesco Ltd. COMMON 9,416,503 3.15%
ALLIANCEBERNSTEIN L.P. COM 9,349,144 3.13%
BlackRock Institutional Trust Company, N.A. COM 8,030,218 2.69%
http://www.streetinsider.com/holdings.php?q=WLP

Back to Dr Snow…

Dr. Snow served as a Treasurer and Trustee at Johns Hopkins University until November 2006. He now serves as the Chairman of Cerberus Capital Management

Cerberus Capital Management, L.P. is an American private equity firm. The firm is based in New York City, and run by financier Steve Feinberg, who co-founded Cerberus in 1992 with William L. Richter, who currently serves as a senior managing director. The firm has affiliate and/or advisory offices in the United States, Europe and Asia.

Dan Quayle, former Vice President of the United States 1989–1993, who served with former President George H. W. Bush (Senior), joined Cerberus in 1999 and is chairman of the company's Global Investments Division.
http://en.wikipedia.org/wiki/Cerberus_C ... Management

In 2007 Cerberus Capital Management was at the center of an emerging Pentagon and CIA contracting scandal that has the attention of three Congressional Committees.

In each case, the companies under investigation have links to prominent GOP figures, including Vice President Dick Cheney, former Vice President Dan Quayle, former Defense Secretary Donald Rumsfeld, and several Republican Congressmen indicted for corruption involving kickbacks from defense contractors. The National Republican Congressional Committee (NRCC) has also received substantial contributions from conservative fund managers running Cerberus, a virtually unregulated $30 billion hedge fund, which owns the second largest bank in Israel
http://www.dailykos.com/story/2007/03/1 ... eys-Firing

On October 19, 2011 J.P. Morgan Worldwide Securities Services announced that it was selected by Cerberus Capital Management, to provide fund administration and related securities services for Cerberus investment funds.
http://en.wikipedia.org/wiki/Cerberus_C ... Management

The top 10 holders of J.P. Morgan shares include big money managers such as BlackRock Inc., Vanguard Group Inc. and T. Rowe Price Group Inc.
http://online.wsj.com/article/SB1000142 ... 88022.html

Notable transactions by Cerberus Capital Management include :

Firearms
Acquired Bushmaster Firearms, Inc., from Windham, Maine native Dick Dyke for an undisclosed sum in April 2006, and purchased Remington Arms in April 2007. Under Cerberus direction, Bushmaster Firearms acquired Cobb Manufacturing, a manufacturer of large-caliber tactical rifles in August 2007. Cerberus also acquired DPMS Panther Arms December 14, 2007.[59][60] Remington Arms acquired Marlin Firearms in January 2008.[61][62] In October 2009, Remington Military products acquired silencer manufacturer Advanced Armament Corporation.[63] These companies were combined into the Freedom Group.

Bushmaster AR-15 was used in the ‘Sandy Hook Elementary School shooting’
Cerberus Capital Management founder Stephen Feinberg’s dad, Martin, lives in Newtown. The Connecticut town where 26 schoolkids and staffers were slaughtered with a Bushmaster — and the dad, Martin Feinberg, said the massacre was “devastating.”
http://www.nydailynews.com/news/nationa ... z2aigXm7GC

Days after the shootings last December in Newtown, Conn., the investment firm Cerberus Capital Management announced it wanted to sell the company. This followed a major investor, the California State Teachers’ Retirement System, had said that the shootings forced it to review its $751.4 million investment with his equity firm.

Following California’s lead, New York’s state and city pension fund systems also reviewed their investments in gun companies — with an eye to possibly divesting.

The city holds nearly $18 million worth of stock in gunmakers Smith & Wesson, Forjas Taurus, Olin Corp., and Sturm Ruger.
http://www.nydailynews.com/news/nationa ... z2aih52ywh

One of the largest shareholders in gun manufacturer Sturm Ruger is The Vanguard Group. Sturm Ruger made the assault weapon used by Anders Breivik during a July 2011 killing spree that left 77 people dead in Norway. Sturm Ruger is based in Southport, CT, less than 30 miles from Newtown. Vanguard is also the largest owner of gunmaker Smith & Wesson Holding Corp.
http://www.reuters.com/article/2012/12/ ... WF20121218

In April Sturm Ruger & Co. reported record sales for the first three months of 2013. Sales jumped 39 percent from an already great level, to $156 million, with a net profit of $24 million.
http://articles.courant.com/2013-04-30/ ... n-firearms

In May Sturm Ruger & Co Inc said it was looking at the accounts of up-for-sale rival Freedom Group but said it was unlikely it would make a bid. Sturm Ruger Chief Executive Michael Fifer said Freedom could be an acquisition opportunity and his company was looking at their books but he expects a deal to be grossly overpriced.
http://www.pehub.com/2013/05/01/reuters ... dom-group/

In June Stephen A. Feinberg, made an offer to buy the Freedom from his own fund.
http://tpmdc.talkingpointsmemo.com/2013 ... reedom.php

In July Stephen Feinberg scrapped a bid for Freedom. Feinberg no longer sees the need to make an offer for the gun company, because Freedom Group is in dialogue with a number of industry players, as well as financial investors, and he views the sale process as robust.
http://www.reuters.com/article/2013/07/ ... 0020130703
kickstones
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Re: Who really owns the major companies in the world?

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Raytheon stock nears all-time high amid news of possible cruise-missile strike in Syria

Stock shares of perennial defense contracting powerhouse Raytheon hit nearly $77 apiece Tuesday as news of a possible US strike in Syria intensified. The US has said if it strikes Syrian government targets for alleged use of chemical weapons, it would likely use Tomahawk cruise missiles from warships positioned in the Mediterranean. Raytheon is responsible for making and selling the bulk of the long-range, subsonic missiles to the US government.


Top Institutional Holders
Holder Shares
Barrow, Hanley Mewhinney & Strauss, Inc. 22,166,071 6.87
Vanguard Group, Inc. (The) 15,859,331 4.92
State Street Corporation 13,852,846 4.30
Wellington Management Company, LLP 9,698,269 3.01
BlackRock Institutional Trust Company, N.A. 9,091,271
BlackRock Advisors, LLC 8,122,893
Franklin Resources, Inc 6,959,631
Bank of New York Mellon Corporation 5,690,735
Ameriprise Financial, Inc. 4,849,293
Macquarie Group Limited 4,765,962


Top Mutual Fund Holders
Holder Shares
Vanguard/Windsor II 14,095,100
Vanguard/Wellington Fund Inc. 6,510,800
Blackrock Equity Dividend Fund 6,302,900
Vanguard Total Stock Market Index Fund 4,593,366
SPDR S&P 500 ETF Trust 3,338,911
Vanguard 500 Index Fund 3,093,356
Vanguard Institutional Index Fund-Institutional Index Fund 3,058,064
Invesco Diversified Dividend Fund 2,104,411
Sunamerica Focused Dividend Strategy Portfolio 2,018,021
Franklin Custodian Funds-Income Fund 2,000,000

http://finance.yahoo.com/q/mh?s=RTN+Major+Holders
bostonterrierowner
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Re: Who really owns the major companies in the world?

Unread post by bostonterrierowner »

Raytheon , a good acquaintance of ours from WTC tenant list :)

Military-Industrial Complex vile incarnation .
kickstones
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Re: Who really owns the major companies in the world?

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bostonterrierowner wrote:Raytheon , a good acquaintance of ours from WTC tenant list :)

Military-Industrial Complex vile incarnation .
Here's total number of shares and monetary value Vanguard hold in the military industry.

The Vanguard Group owns 713,092,152 shares valued at $25,939,062,764.

Company and worldwide rank Shares Monetary Value
Halliburton** (not on list) 42,810,848 $1,729,986,367
Lockheed Martin #1 12,718,720 $1,227,610,854
Boeing #2 33,607,508 $2,885,204,561
General Dynamics #4 16,850,193 $1,182,107,108
Raytheon #5 15,664,626 $920,923,362
Northrop Grumman #6 11,372,246 $797,763,056
L-3 Communications #9 6,025,669 $458,597,135
United Technologies #10 46,229,438 $4,319,216,392
SAIC #12 18,479,212 $250,393,322
Huntington #13 3,054,198 $162,880,397
General Electric #18 480,968,947 $11,120,002,054
Oshkosh #19 4,459,321 $189,476,549
Textron #26 19,130,760 $570,287,955
Alliant TK #37 1,720,466 $124,613,652


President Obama has assets in Vanguard $100,001 - $250,000 (as of 2006).

Also of interest is US Secretary of State John Kerry spouse, Teresa Heinz Kerry, holdings.
Opensecrets.org estimated that Kerry's net worth was between $184 million and $288 million in 2011.

Top 5 Stocks Owned by Spouse as of Dec. 31, 2007

General Electric Co. (GE) Over $3,500,001 - Over $4,000,000
• General Electric Co. received $3,176,850,382 in government contracts for fiscal year 2007, including a total of approx. $2.6 billion from the Navy, Air Force, and Army.

Top 5 Stock Sales by Spouse in 2007

3. Raytheon Co. $960,010 - $2,200,000
• Raytheon Co. received $11,662,797,975 in government contracts for fiscal year 2007, including a total of approx. $10 billion from the Army, Navy, and Air Force.

And her family company also has Vanguard influence.

Heinz shares are widely held, and a large number of stakeholders stand to benefit from the $28 billion sale.

Mutual funds run by BlackRock (BLK, Fortune 500) and the Vanguard Group are among the largest shareholders, with stakes of 5% and 4.5% respectively.


http://knowledgegivespower.blogspot.hu/ ... group.html
http://www.washingtonpost.com/wp-srv/po ... 000167.pdf
http://insidertrading.procon.org/view.r ... 580#kerryo
http://money.cnn.com/2013/02/14/investi ... index.html
hoi.polloi
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Re: Who really owns the major companies in the world?

Unread post by hoi.polloi »

So if Obama goes to war, he gets some return on investment in the machines that kill? That's so fucked up. Can you cite that properly? Is this merely a Soviet-style intimidation tactic, or is he really so devoid of moral sense to publicly own such stock?
bostonterrierowner
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Re: Who really owns the major companies in the world?

Unread post by bostonterrierowner »

hoi.polloi wrote:So if Obama goes to war, he gets some return on investment in the machines that kill? That's so fucked up. Can you cite that properly? Is this merely a Soviet-style intimidation tactic, or is he really so devoid of moral sense to publicly own such stock?
You probably "own" some Raytheon's stock via 401 k , your pension fund or whatever is being used in USA to make everyone an "investor" whether he/she likes it or not :)
hoi.polloi
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Re: Who really owns the major companies in the world?

Unread post by hoi.polloi »

Right. And income tax feeds the war machine. But I hope you're not saying the Obama family just accidentally, through no fault of their own, invested hundreds of thousands of dollars in Vanguard? This person isn't just random folk trapped in the cogs like the rest of us but President material. Allegedly. So we're told.
bostonterrierowner
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Re: Who really owns the major companies in the world?

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I am not defending "Obama" family . I am certain that these bunch of actors are paid handsomely for their "service" to the perps . Directly :)
kickstones
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Re: Who really owns the major companies in the world?

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hoi.polloi wrote:So if Obama goes to war, he gets some return on investment in the machines that kill? That's so fucked up. Can you cite that properly? Is this merely a Soviet-style intimidation tactic, or is he really so devoid of moral sense to publicly own such stock?

Barack Obama (D-Ill) (President of the United States)

Personal finance profiles of recent years and images of all reports are available here.

http://www.opensecrets.org/pfds/candloo ... =N00009638

2004
Net Worth: From $200,004 to $400,000

2011
Net Worth: From $2,566,014 to $8,265,000
Rank: 8th in
Executive Branch Members


Speaking of morals hoi, check out Vanguard group involement in Dafur.

On March 4, 2009, the International Criminal Court issued an arrest warrant for Sudanese President Omar Bashir for crimes against humanity and, in July 2010, a warrant for arrest on charges of genocide. The government of Sudan, however, has yet to turn him over, and since the issuance of the warrants, the country has seen major protests and increased violence.

http://worldwithoutgenocide.org/genocid ... r-genocide

"PetroChina is one of the largest oil industry partners of the government of Sudan—a government now headed by a wanted war criminal.

So you might be shocked to learn that in the past 3 months, The Vanguard Group—the world's largest family of mutual funds—has increased its holdings in PetroChina!"

http://amchron.soundenterprises.net/articles/view/98799
kickstones
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Re: Who really owns the major companies in the world?

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Another company Vanguard Group controls is IDT Corporation (NYSE: IDT, IDT.C).
http://quotes.wsj.com/IDT/ownership

Genie Energy Corporation (Genie Energy), is a division of IDT Corporation.

November 15, 2010 -

Genie Energy Corporation (Genie Energy), a division of IDT Corporation (NYSE: IDT, IDT.C), today announced that Lord (Jacob) Rothschild and Rupert Murdoch have each purchased equity stakes in Genie Oil and Gas Inc. Jacob Rothschild will join Rupert Murdoch on Genie Energy's Strategic Advisory Board

Jacob Rothschild and Mr. Murdoch separately purchased equity positions equivalent to a cumulative 5.5% stake in Genie Oil and Gas Inc., which consists of IDT's interests in American Shale Oil, LLC (AMSO), and Israel Energy Initiatives, Ltd., (IEI), for a total of $11.0 million dollars.

http://www.idt.net/about/press/story.aspx?id=41777

Rupert Murdoch is Chairman of the Board and Chief Executive Officer of News Corp.

Among its major holdings included News Limited (a group of newspaper publishers in Murdoch's native Australia), News International (a newspaper publisher in the United Kingdom, whose properties include The Times, The Sun, Dow Jones & Company (an American publisher of financial news outlets, including The Wall Street Journal), and the Fox Entertainment Group (owners of the 20th Century Fox film studio and the Fox Broadcasting Company—one of the United States' major television networks).
http://en.wikipedia.org/wiki/News_Corporation

Vanguard Group Inc held 85,939,439 shares on 12/31/2012 worth $2,192,315,109 in News Corp.
http://wallstcheatsheet.com/stocks/will ... ders.html/

Dick Cheney, 46th Vice President of the United States. Former President and CEO of Halliburton Company, and U.S. Secretary of Defense, had close to $85 million invested in the Vanguard Group.
http://rawstory.com/news/2008/Texas_DA_ ... _1127.html

Dick Cheney is also a member of Genie Energy Corporation Strategic Advisory Board.

Vanguard has a substantial share holding presence in Genie Energy Corporation.

Shares Value
Vanguard Group, Inc. (The) 483,314 $4,422,323

Vanguard Total Stock Market Index Fund 217,911 $2,017,855

Vanguard Extended Market Index Fund 147,785 $1,368,489

http://finance.yahoo.com/q/mh?s=GNE+Major+Holders

Feb. 22, 2013

Israel has granted a U.S. company the first license to explore for oil and gas in the occupied Golan Heights, John Reed of the Financial Times reports.

Image

A local subsidiary of the New York-listed company Genie Energy will now have exclusive rights to a 153-square mile radius in the southern part of the Golan Heights.

Its administration of the area — which is not recognized by international law — has been mostly peaceful until the Syrian civil war broke out 23 months ago.

In recent events Secretary of State John Kerry made the case that "thug" and "murderer" Bashar al-Assad must face retribution, as the White House released a report detailing its evidence on the Syrian government's use of chemical weapons last week.

Image

"Its findings are as clear as they are compelling," Kerry said of the report, adding that the credibility of the U.S. was at stake in responding. "... The intelligence community has high confidence."

http://www.businessinsider.com/syria-jo ... z2djE1rOss

John Kerrys wife, Teresa Heinz Kerry, has over $3,500,001 stake in General Electric Co.
http://insidertrading.procon.org/view.r ... 580#kerryo

Biggest stakeholder in General Electric Co is Vanguard Group:

Vanguard Group, Inc. (The) 480,968,947 $11,120,002,054
http://www.bizjournals.com/louisville/n ... ve-as.html

Jul 30, 2012
The board of directors of General Electric Co. has elected John J. Brennan as an independent member of the company’s board of directors.

Brennan is chairman emeritus and a senior advisor of The Vanguard Group Inc.

http://www.bizjournals.com/louisville/n ... ve-as.html
hoi.polloi
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Re: Who really owns the major companies in the world?

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The intelligence community has high confidence.
How can this statement make any possible sense? How can it possibly be interpreted to have communicative value?

Please, somebody explain.

Are we meant to assume the various intelligence groups vying for money, influence and power are one and the same holistic, harmonious community? And then are we to assume that their collective improbable feeling of anything — let alone confidence in doing any number of illegal, questionable and/or outright inhumane things — is merit for our faith in them? I am not following this skull-and-bones moron's "logic".

Clearly one of the most coldly calculated and guileless non-statements I've heard in this whole business yet. One can only conclude it is meant to elicit pure emotion or serve a hypnotic rhetorical purpose.

"Intelligence community" can only refer to Kerry's personal contacts that wish to exude some sort of emotion to him. His opining that they show "confidence" can only mean he is willing to lick their asses for his treats and he is speaking of his own confidence in doing so. How many talking heads must we expect to use their vast celebrity merely to express the same old, "I am right and so are my celebrity friends."

What the fuck has happened to America? We have become thoroughly obsessed with the forcefulness of popularity. And will we now allow another groundless war because we worship such hubris and spectacle? This is insane. Positively insane.
kickstones
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Re: Who really owns the major companies in the world?

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hoi.polloi wrote:
The intelligence community has high confidence.
How can this statement make any possible sense? How can it possibly be interpreted to have communicative value?

Please, somebody explain.

Are we meant to assume the various intelligence groups vying for money, influence and power are one and the same holistic, harmonious community? And then are we to assume that their collective improbable feeling of anything — let alone confidence in doing any number of illegal, questionable and/or outright inhumane things — is merit for our faith in them? I am not following this skull-and-bones moron's "logic".

Clearly one of the most coldly calculated and guileless non-statements I've heard in this whole business yet. One can only conclude it is meant to elicit pure emotion or serve a hypnotic rhetorical purpose.

"Intelligence community" can only refer to Kerry's personal contacts that wish to exude some sort of emotion to him. His opining that they show "confidence" can only mean he is willing to lick their asses for his treats and he is speaking of his own confidence in doing so. How many talking heads must we expect to use their vast celebrity merely to express the same old, "I am right and so are my celebrity friends."

What the fuck has happened to America? We have become thoroughly obsessed with the forcefulness of popularity. And will we now allow another groundless war because we worship such hubris and spectacle? This is insane. Positively insane.

"While Putin may have told Bandar to take a hike when the he offered to purchase $15 billion in weapons in exchange for a compromise on Syria and Iran, the British and French are beggars for this kind of business. Washington too. With $65 billion in arms sales to the kingdom in process, the Obama administration is prostituting Americans for cold, hard cash."

"Bandar ibn Israel" - Sharmine Narwani

http://english.al-akhbar.com/blogs/sand ... ibn-israel
kickstones
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Re: Who really owns the major companies in the world?

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hoi.polloi wrote:
The intelligence community has high confidence.
How can this statement make any possible sense? How can it possibly be interpreted to have communicative value?

Please, somebody explain.
Hoi, I find the writing of Arthur Silber gives me a better insight into the role of the intelligence community, in that he states and makes special emphasis:

"NEVER, EVER ARGUE IN TERMS OF INTELLIGENCE AT ALL."

"It is always irrelevant to major policy decisions, and such decisions are reached for different reasons altogether. This is true whether the intelligence is correct or not, and it is almost always wrong. On those very rare occasions when intelligence is accurate, it is likely to be disregarded in any case. It will certainly be disregarded if it runs counter to a course to which policymakers are already committed.

The intelligence does not matter. It is primarily used as propaganda, to provide alleged justification to a public that still remains disturbingly gullible and pliable -- and it is used after the fact, to justify decisions that have already been made.

None of these facts and this background are all that difficult to ascertain, if one is committed to finding out the truth. It is a measure of the monolithic, deadly grip that so-called "conventional wisdom" holds on our public discourse that what ought to be regarded as noncontroversial and even obvious truths are transformed into forbidden matters never to be mentioned in "polite" company. And it is entirely remarkable that the intelligence game continues with none of its lethal force spent."

He explains policy by quoting Robert Higgs on the issue:

"As a general rule for understanding public policies, I insist that there are no persistent "failed" policies. Policies that do not achieve their desired outcomes for the actual powers-that-be are quickly changed. If you want to know why the U.S. policies have been what they have been for the past sixty years, you need only comply with that invaluable rule of inquiry in politics: follow the money.

When you do so, I believe you will find U.S. policies in the Middle East to have been wildly successful, so successful that the gains they have produced for the movers and shakers in the petrochemical, financial, and weapons industries (which is approximately to say, for those who have the greatest influence in determining U.S. foreign policies) must surely be counted in the hundreds of billions of dollars.

So U.S. soldiers get killed, so Palestinians get insulted, robbed, and confined to a set of squalid concentration areas, so the "peace process" never gets far from square one, etc., etc. – none of this makes the policies failures; these things are all surface froth, costs not borne by the policy makers themselves but by the cannon-fodder masses, the bovine taxpayers at large, and foreigners who count for nothing."

http://powerofnarrative.blogspot.hu/200 ... gence.html

Whick leads us back to Vanguard Group and connections to Israel.

Dalit Baum, Ph.D., states " that Israel's military control of historic Palestine may be costly to Arabs, but is a huge money-maker for Israeli and multinational companies."

http://www.wrmea.org/wrmea-archives/369 ... stine.html

I'm sure it will come as no surprise that, under scrutiny, many of these companies such as, NORTHROP GRUMMAN CORP, GENERAL ELECTRIC CORPORATION and DELL are controlled by The Vanguard Group. They also have large shareholdings in the four main banks in Israel, Hapoalim group, Bank Leumi group, Discount Bank group and Mizrahi-Tfahot Bank group.

http://www.interfaithpeaceinitiative.com/profiting.pdf

However, they don't hold any shares in Syrian banks, Syria's central bank is state owned. So are most other banks.

Libya's, under Gadaffi, central bank was also state owned. It created its own money.

Under Gaddafi's 1999 Decision No. 111, Libyans got free healthcare, education, electricity, water, training, rehabilitation, housing assistance, disability and old-age benefits, as well as interest-free state loans.
http://warisacrime.org/content/why-was-syria-attacked

Where's the profit in that?
kickstones
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Re: Who really owns the major companies in the world?

Unread post by kickstones »

Here's an interesting arcticle that suggests Vanguard group and friends are "very greedy, very racist people."

It points out the people who own the media are the same people who own private prisons, the exact same people, and using one to promote the other.

From the article:

According to public analysis from Bloomberg, the largest holder in Corrections Corporation of America is Vanguard Group Incorporated. Interestingly enough, Vanguard also holds considerable stake in the media giants determining this country’s culture.

Last year Corrections Corporation of America (CCA), the biggest name in the private prison industry, contacted 48 states offering to buy their prisons. One stipulation of eligibility for the deal was particularly bizarre: “an assurance by the agency partner that the agency has sufficient inmate population to maintain a minimum 90% occupancy rate over the term of the contract.
http://big.assets.huffingtonpost.com/ccaletter.pdf

Two months later an anonymous email was sent out to various members of the music and publishing industries giving an account of a meeting where it was determined that hip-hop music would be manipulated to drive up privatized prison profits. Its author, despite claiming to be a former industry insider, did not provide the names of anyone involved in the plot, nor did he specify by which company he himself was employed. As such, the letter was largely regarded as a fraud for lack of facts.
http://www.waxpoetics.com/blog/news/mus ... confession
......

Yasiin Bey (formerly Mos Def) put it best; “‘hip-hop” is just shorthand for ‘black people.’” Before our eyes and ears, a “web of business relationships that now defines America’s media and culture” has one particular business raking in billions of dollars while another defines the culture of a specific demographic as criminal. Both business are owned by the same people. Mainstream media continue to endorse hip-hop that glorifies criminality (most notably drug trafficking and violence), and private prison interests, long since proven to value profits over human rights, usher in inmates of color to meet capacity quotas. The same people disproportionately incarcerated when exposed to the criminal justice system are at every turn inundated with media normalizing incarceration to the point that wherever there is mainstream hip-hop music, reference to imprisonment as an ordinary, even expected, component of life is sure to follow.

Full article:

http://hiphopandpolitics.com/2013/04/24 ... or-profit/
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