"I don't have a problem with anyone being rich. I have a problem with people who cannot feel they are rich unless everyone else is made to be poor." -- Michael Rivero

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Tuesday, Apr 09, 2024 - 03:15 AM

A judge in Missouri has significantly reduced a jury award against Bayer AG's Monsanto unit, cutting down the punitive damages from a $1.5 billion verdict to about $550 million, according to Fortune

This decision comes amid Monsanto's ongoing legal battles over allegations that its Roundup weedkiller causes cancer. While the judge, Daniel Green, declined Monsanto's request for a new trial or to dismiss the verdict entirely, the reduction in damages provides some financial relief to Bayer.

The company, which acquired Monsanto for $63 billion in 2018, plans to appeal the entire verdict, arguing that the damages are still excessively high.

The original verdict awarded three plaintiffs a combined $61.1 million in actual damages and $500 million each in punitive damages for claims that Roundup use led to non-Hodgkin’s lymphoma.

The punitive damages were adjusted to align with Supreme Court guidance, which suggests punitive awards should not exceed 10 times the actual damages.

Fortune reported that Bayer has already allocated up to $16 billion to settle over 100,000 similar cases, and it's now facing a new wave of litigation.

The company has also committed to replacing glyphosate in its U.S. consumer Roundup products with other weed-killing ingredients. The Missouri case, involving plaintiffs from across the U.S., highlights the ongoing controversy and legal challenges surrounding Roundup and its alleged health risks.

 

Tags: CORPORATE MEDIA, COVER-UP/ DECEPTIONS/ PROPAGANDA, CURRENT EVENTS, SCIENCE/ HEALTH/ CLIMATE/ NATURE
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Monday, Apr 08, 2024 - 01:25 PM

Perhaps the world's most influential banker - JPMorgan Chase CEO Jamie Dimon - warned the world in his annual letter to shareholders that while he expects US economic resilience (and higher inflation and interest rates), and is optimistic about transformational opportunities from AI, he worries geopolitical events including the war in Ukraine and the Israel-Hamas war, as well as U.S. political polarization, might be creating an environment that “may very well be creating risks that could eclipse anything since World War II.”

He begins with an ominous overview of the geopolitical chaos the world faces.

America's Global Leadership is being challenged...

Across the globe, 2023 was yet another year of significant challenges, from the terrible ongoing war and violence in the Middle East and Ukraine to mounting terrorist activity and growing geopolitical tensions, importantly with China. Almost all nations felt the effects last year of global economic uncertainty, including higher energy and food prices, inflation rates and volatile markets. While all these events and associated instability have serious ramifications on our company, colleagues, clients and countries where we do business, their consequences on the world at large — with the extreme suffering of the Ukrainian people, escalating tragedy in the Middle East and the potential restructuring of the global order — are far more important.

As these events unfold, America’s global leadership role is being challenged outside by other nations and inside by our polarized electorate. We need to find ways to put aside our differences and work in partnership with other Western nations in the name of democracy. During this time of great crises, uniting to protect our essential freedoms, including free enterprise, is paramount. We should remember that America, “conceived in liberty and dedicated to the proposition that all men are created equal,” still remains a shining beacon of hope to citizens around the world. JPMorgan Chase, a company that historically has worked across borders and boundaries, will do its part to ensure that the global economy is safe and secure

Claire's Observations;   "Safe and secure", My astrolabe!!! Please remember here:  this is the same Chase bank with a criminal rap sheet as long as your arm, and here is the latest in a string of felony/fines it will have to pay:

JPMorgan fined $348M by OCC, Fed over trade surveillance lapses

By Thu, Mar 14, 2024 2:01 PM

"JPMorgan Chase will pay approximately $348.2 million in fines to settle allegations laid by two federal banking regulators that it failed to adequately monitor trading and order activity.

The Treasury Department’s Office of the Comptroller of the Currency (OCC) issued a $250 million penalty against the bank Thursday, while the Federal Reserve Board announced a fine of nearly $98.2 million as part of a consent order, both related to JP Morgan’s alleged failure to surveil “billions” of transactions on 30 trading venues"

And yet, with all of these foulups, bleeps, and blunders, Jaimie Dimon is NEVER the target, and will never go to prison over the bank's massive, fine-infused failures.  Interesting, that!!  One has to imagine that these fines are so small, relative to the money Chase is making, that they are simply an economic "swat on the wrist."

 

Tags: CORPORATE MEDIA, COVER-UP/ DECEPTIONS/ PROPAGANDA, CURRENT EVENTS, ECONOMY
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Bank Says Silver $32 and Gold $3,000 Upside in Play

Bullion Bank (quietly) raises Gold and Silver targets

Authored by GoldFix ZH Edit

April 8th: Bullion Bank (Citi) raises short term price targets for Gold and Silver 9% and 16% respectively, increasing price targets to $2400 and $28 over the next 3 months. with topside price spikes of $3,000 and $32.00 this year now on the table.

This coming less than 2 months after raising their price targets for 2024

HT as always.. ZH

Tags: CURRENT EVENTS, ECONOMY
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By: orraz
Tags: CURRENT EVENTS
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By: orraz
Tags: CURRENT EVENTS
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Israeli Prime Minister Benjamin Netanyahu has long urged military action against the self-avowed Islamic Republic, but the nation of 88 million people possesses significant defensive capabilities.

Iran has nine types of missiles with sufficient range to hit Israeli territory, Iranian news agency ISNA reported against the backdrop of concerns over possible armed conflict between the two countries.

An infographic presented by the news agency Sunday revealed multiple Iranian ballistic missiles – the Sejjil, Kheibar, Emad, Shahab-3, Ghadr, Paveh, Fattah-2, Kheibar Shekan, and Haj Qasem – the speed of which ranges from Mach 5 to Mach 14 (from 3,836 miles per hour to 10,741 miles per hour).

Israeli Prime Minister Benjamin Netanyahu has long urged military action against the self-avowed Islamic Republic and regional critic of Israel, but the nation of 88 million people possesses significant defensive capabilities. A war on Iran also raises the prospect of potential involvement by Tehran's ally Russia, while Netanyahu would presumably count on an assist from the United States.

Tags: IRAN, ISRAEL, WAR/DRAFT/ VETERAN AFFAIRS
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The United States 'will not accept' a situation where cut price Chinese goods flood the global market, battering industries elsewhere, US Treasury Secretary Janet Yellen told Beijing as she wrapped up four days of high-level talks.

'There is much more work to do,' Yellen said at a news conference in the Chinese capital today. 'And it remains unclear what this relationship will endure in the months and years ahead.'

Yellen repeatedly warned about the risks of China's excess industrial capacity during meetings with officials and business leaders in Beijing and the southern city of Guangzhou.

Washington is concerned that 'large-scale government support' in China is leading to more production capacity than global markets can absorb, resulting in a surge of cheap exports in sectors such as solar and electric vehicles and stifling the growth of those industries elsewhere.

Yellen said such support more than a decade ago had led to below-cost steel flooding the global market, which 'decimated industries across the world and in the United States'

Claire's Observations:  Secretary Yellen, a word, please;  why, please tell me, is US industry incapable of competing with China on this kind of steel?!?  What is the problem?!?

Perhaps, instead of "threatening China" ,  you might just want to have a forum with US steel producers, to find our what the problem is. and see what industry intelligence could fix it?!?  Because, my dear lady, it is NOT China's problem that the US has become so non-competitive in so many areas.  Attractiveness of price, coupled with quality product= sales.  Corporate America used to understand this, but don't seem to anymore.   

The last thing we need, Madam Secretary, is a "hot war" with China over economic competition. This country absolutely doesn't have the troop strength; the money; the weaponry; or the manufacturing to insure a positive outcome to a war with China at this point, as you should be well aware.

Tags: CHINA/TAIWAN, COVER-UP/ DECEPTIONS/ PROPAGANDA, CURRENT EVENTS, ECONOMY
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Republican National Committee (RNC) Chair Michael Whatley has pledged to ensure that the 2024 presidential election is not tainted by the widespread voter fraud that occurred back in 2020.

In an interview with radio talk show host John Catsimatidis on WABC 770 AM’s “Cats Roundtable,” Whatley promised to have “thousands” of attorneys ready to respond when Democrats try their usual shenanigans.

“We want to make sure that every state has good rules of the road, right,” Whatley said. “So we’re working with the legislatures, we’re working with the boards of elections, the secretaries of states to make sure that the laws, the rules, the regulations that cover elections are where we need them to be.”

Whatley, who recently took over from the ousted Ronna Romney McDaniel, added that the RNC will make sure their lawyers and observers are physically “in the room”

Tags: POLITICS/ ELECTIONS/ CORRUPTION, VOTE FRAUD
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Of course, what Krassenstein likely forgot is that Ashley Biden has confirmed the authenticity of the diary, and so far has made no claims that anything was manipulated. But, then he covers himself by saying, essentially, that, even if Joe Biden did shower with his young daughter, this was completely normal.

This was a point that didn't sit right with a lot of people for obvious reasons. But, rather than concede the point, he made the following whopper of a claim:

Tags: COVER-UP/ DECEPTIONS/ PROPAGANDA, POLITICS/ ELECTIONS/ CORRUPTION, WHITE HOUSE
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