Facts, Opinions, and Findings of the week

Foreign banks in Britain pay fraction of tax rate, by Tom Bergin

A man walks into the JP Morgan headquarters at Canary Wharf in London May 11, 2012. REUTERS/Dylan Martinez/File Photo

A man walks into the JP Morgan headquarters at Canary Wharf in London May 11, 2012. REUTERS/Dylan Martinez/File Photo

Some of the biggest foreign investment and commercial banks operating in Britain paid an average tax rate of just 6 percent on the billions of dollars of profits they made in the country last year, a Reuters analysis of regulatory filings shows. That is less than a third of Britain’s corporate rate of 20 percent. There is however nothing illegal about this.

Battle Ends, Bloody Syrian War Grinds On, by Laila Bassam, Angus McDowall and Stephanie Nebehay  Report

Rebel resistance in the Syrian city of Aleppo ended in December after years of fighting and months of bitter siege and bombardment. The battle was one of the worst of a civil war that has drawn in global and regional powers, and ended with victory for Syrian President Bashar al-Assad and his military coalition of Russia, Iran and regional Shi’ite militias. The larger Syrian war, however, endures.

Commentary:

Earth on the Docket: Americans join wave of climate litigation, By Mary Wood, Charles W. Woodward, IV, and Michael C. Blumm  Expert Witness

Two days after America’s presidential election a court in Oregon issued a path-breaking decision in Juliana v. U.S. declaring that youth – indeed, all citizens – hold constitutional rights to a stable climate system. The case is part of a wave of atmospheric trust litigation in several countries.

Our Time to Rebel, by Tom Regan, Summoning Orenda   Column

It’s our turn, as American Democrats. This will be a ‘take no prisoners’ fight. Donald Trump and his minions have already shown that they will lie, obscure the truth, manipulate and deny facts, and threaten all who oppose them. And then there are the attacks and threats to be launched by his slavish, zombie-like, mainly-white-supremacist alt-Reich followers.  There are several ways to participate in this peaceful ‘rebellion.’

Britain’s tortuous road to “hard” Brexit , by Jonathan Manthorpe, International Affairs Column

It is becoming clearer just how wrenching a process it will be for Britain to leave the European Union, and beyond doubt that Britain is headed for a “hard” Brexit.

A Tale of Two Crashes, and Their Aftermaths, by Jim McNiven, Thoughtlines   Column

There are a lot of rough parallels between events in history that suggest that what one generation learns is forgotten over time. One of these is between the political/financial events in the United States between 1830-1850 and 2000-2020.

Arts:

Scandinavia Tackles Fairy Tale Gendering, by Gabrielle Richard, Université Paris-Est Créteil Val de Marne (UPEC)

In Stockholm’s Nicolaigarden pre-school, the teachers do not read Snow White and the Seven Dwarfs to the students. Rather, its library holds children’s books that show different types of heroes and a diversity of family models (including those with single parents, adoptive children, and same-sex parents).

Magazine:

Have I Inherited the Trauma of China’s Cultural Revolution? by Shayla Love  Magazine

Shayla Love’s mother and grandparents lived through China’s Cultural Revolution – now, in a tale that traces its lineage from Chairman Mao’s brutality to scientific research on epigentics, she seeks to know the biological traces of their trauma she carries within her today.

Findings:

The launch of a massive fund chaired by Bill Gates, to invest in a carbonless future and provide “reliable, affordable energy for the world.”   The Breakthrough Energy Coalition pledged to to invest more than $1 billion in emerging energy breakthroughs “to deliver affordable and reliable energy with the goal of reducing global greenhouse gas emissions to near-zero.” You can read the press release here.  The fund predicts increased demand for energy, but “to get there, we need different tools than the ones that have served us in the past. Breakthrough Energy is committed to investing in new technologies to find better, more efficient and cheaper energy sources. The global energy market is massive, and finding a way to open it up is an investment opportunity worth getting right.”

China and the United States engaged in brinkmanship this week over China’s seizure of a research drone in international waters claimed by China. China agreed to return the drone. Read the New York Times report here.

This year broke all records for the numbers of  migrants and refugees on the move, and also for deaths,  on average 20 each day, said a report by the International Organization for Migration. More than half of the deaths, about 7,189, were in the Mediterranean, it said. Read the IOM press release here.  Meanwhile Germany’s Parliament, responding to the political backlash to migrants in Europe, demanded the country make more effort to integrate newcomers culturally. (Read the Reuters report here.)

For something entirely different, take a break from the world-wearying news.

Alan Watts & David Lindberg – Why Your Life Is Not A Journey from David Lindberg on Vimeo.

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