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Billionaire hedge fund managers have called on Puerto Rico to lay off teachers and close schools so that the island can pay them back the billions it owes.The hedge funds called for Puerto Rico to avoid financial default – and repay its debts – by collecting more taxes, selling $4bn worth of public buildings and drastically cutting public spending, particularly on education.The group of 34 hedge funds hired former International Monetary Fund (IMF) economists to come up with a solution to Puerto Rico’s debt crisis after the island’s governor declared its $72bn debt “unpayable” – paving the way for bankruptcy.The funds are “distressed debt” specialists, also known as vulture funds, and several have also sought to make money out of crises in Greece and Argentina, the collapse of Lehman Brothers and the near collapse of Co-op Bank in the UK.The report, entitled For Puerto Rico, There is a Better Way, said Puerto Rico could save itself from default if it improves tax collection and drastically cuts back on public spending.It accused the island, where 56% of children live in poverty, of spending too much on education even though the government has already closed down almost 100 schools so far this year.The report, by Jose Fajgenbaum, Jorge Guzmán and Claudio Loser – all former IMF economists who now work for Centennial Group, said Puerto Rico had increased education spending by $1.4bn over the past decade while enrolment had declined by about 25% as hundreds of thousands of families fled to the US mainland in an effort to escape poverty.Puerto Rico has actively courted billionaires and hedge fund investors as it has struggled with its mounting debts. It sold hundreds of millions worth of debt to vulture funds last year.Fajgenbaum told the Guardian that the Puerto Rico government had been “massively overspending on education”. He said spending had increased by 39% to $4.8bn over the last decade while attendance had fallen from more than 765,000 to 573,000.He declined to state by how much the government should cut spending, but said: “The real expense per student has increased enormously without increasing the quality of education. It’s for the government to decide [how much to cut spending by], but you don’t want to waste government resources. There has to be efficiencies. It is more important to establish a position for growth.”Puerto Rico’s current education spending works out at $8,400 per student, below the US national average of $10,667.Víctor Suárez, chief of staff to Puerto Rico’s governor Alejandro García Padilla, said: “The simple fact remains that extreme austerity [alone] is not a viable solution for an economy already on its knees.”Luis Gallardo, majority municipal legislator for Aguas Buenas, said the hedge fund-commissioned report was a “typically IMF recipe for radical austerity”.“They are proposing teacher layoffs, cuts in higher education and health benefits, as well as increased taxes. These proposals have been a disaster for Latin America and would be so for Puerto Rico. Sure, Puerto Rico could pay its debt, but at what cost? We are literally cutting off our own limbs just to stay afloat.“The Puerto Rican government has already closed down almost 100 schools this year and reconfigured 500 more, as well has having closed down 60 the year prior. I am not sure what else they are expecting. If they expect us to lay off teachers or cut their already-low salaries, they are out of their minds.“These guys need to chill out and give Puerto Rico some breathing space.”Gallardo said it was shocking that the hedge funds “expect teachers, students and workers to absorb the hit, and they are not willing to budge themselves”.The hedge fund-commissioned report comes after former IMF official Anne Krueger said, in a report commissioned by the Puerto Rican government, that the island’s crisis could be solved but only if the bondholders, including the hedge funds, accepted a significant debt restructuring.The funds, which include New York-based Fir Tree Partners, Davidson Kempner Capital Management and Aurelius Capital, are known as the Ad Hoc Group of Puerto Rico and hold $5.2bn of Puerto Rico bonds.Fir Tree Partners, which is named after its multibillionaire founder Jeff Tannenbaum (which means fir tree in German), made a lot of money by betting on complex debt securities in the 2008 financial crisis, and from the Greek and Argentinian debt crises.Aurelius Capital, which is run by billionaire Mark Brodsky, sued Argentina for repayment of debts and forced the Co-op to give up control of its troubled bank. The company was also one of the investors that initially objected to Detroit’s bankruptcy plans.Fajgenbaum and Loser said the hedge funds did not influence the content of their report, and declined to state how much money they were paid for their work.
Al final Schäuble tendrá razón: que los usanos rescaten a Grecia, que entonces los europeos se harán cargo de Puerto Rico.
Siddharth Kara, a slavery economist and fellow of the Carr Center for Human Rights Policy at the Harvard Kennedy School, has calculated that the average profit a victim generates for their exploiters is $3,978 (£3,030) a year. Sex trafficking is so disproportionately lucrative compared to other forms of slavery that the average profit for each victim is $36,000.In his book Modern Slavery, to be published in October, Kara estimates that sex trafficking accounts for 50% of the total illegal profits of modern slavery, despite sex trafficking victims accounting for only 5% of modern slaves.Kara based his calculations, shared exclusively with the Guardian, on data drawn from 51 countries over a 15-year period, and from detailed interviews with more than 5,000 individuals who have been victims of slavery.
Entrevista a Alex Karp, CEO de Palantirhttps://soundcloud.com/going_rogue/empire-managers-explain-why-this-new-protest-movement-scares-them?utm_source=clipboard&utm_campaign=wtshare&utm_medium=widget&utm_content=https%253A%252F%252Fsoundcloud.com%252Fgoing_rogue%252Fempire-managers-explain-why-this-new-protest-movement-scares-them----El secretario de Estado de Estados Unidos y un oligarca tecnológico de vigilancia de Bilderberg han hecho algunas confesiones muy interesantes sobre el floreciente movimiento de protesta contra la matanza respaldada por Estados Unidos en Gaza y los problemas que plantea para el imperio que ayudan a dirigir.Durante una diatriba mordaz[1] sobre los manifestantes universitarios en el Intercambio Ash Carter sobre Innovación y Seguridad Nacional el martes, el director ejecutivo de Palantir, Alex Karp, fue directo y dijo que si aquellos que están del lado de los manifestantes ganan el debate sobre este tema, Occidente perderá el capacidad de hacer guerras.Para aquellos que no lo saben, Palantir es una empresa de tecnología de vigilancia y extracción de datos respaldada por la CIA[2] con vínculos íntimos tanto con el cártel de inteligencia estadounidense[3] como con Israel[4] , y que desempeña un papel crucial tanto en la extensa red de vigilancia[5] del imperio estadounidense como en las atrocidades israelíes[6] contra los palestinos. Karp es un multimillonario que forma parte del Comité Directivo[8] del Grupo Bilderberg y aparece regularmente[9] en el Foro Económico Mundial y otras plataformas de gestión del imperio plutocrático.Citar “Creemos que estas cosas que están sucediendo en los campus universitarios son un espectáculo secundario. No, ellos son el espectáculo”. "Si perdemos el debate intelectual, nunca podremos desplegar ningún ejército en Occidente". El director ejecutivo de #Palantir, Alex Karp, en #SCSPAIExpo2024 pic.twitter.com/MwQoDlSMFw – Palantir (@PalantirTech) 8 de mayo de 2024 ---[1] https://www.cnbc.com/video/2024/05/08/palantir-ceo-alex-karp-its-dangerous-to-allow-discrimination-on-our-college-campuses.html[2] https://www.reuters.com/article/idUSL1N0JQ1OE/[3] https://www.forbes.com/sites/andygreenberg/2013/08/14/agent-of-intelligence-how-a-deviant-philosopher-built-palantir-a-cia-funded-data-mining-juggernaut/?sh=6ba162507785[4] https://www.trtworld.com/magazine/israel-linked-cia-funded-palantir-goes-public-making-espionage-mainstream-40230[5] https://archive.is/XHETv[6] https://twitter.com/Resist_05/status/1786898898512167162[7] https://www.bilderbergmeetings.org/background/steering-committee/steering-committee[8] https://www.weforum.org/search/?query=alex+karp[9] https://www.weforum.org/search/?query=alex+karp---Todos deberían escuchar con mucha atención las palabras de Karp aquí, porque está revelando todo el juego. Está dejando muy claro lo crucial que es para el imperio aplastar este movimiento de protesta y el espíritu de la época en el que se basa, porque la existencia misma de la maquinaria de guerra imperial depende de ello. En un momento en que la mayoría de los expertos imperiales intentan restar importancia a este movimiento y a lo que los jóvenes están haciendo en los campus universitarios de todo el mundo, ésta es una admisión realmente extraordinaria por parte de alguien que vive en lo profundo de las entrañas de la hidra imperial.---(sobre Blinken y Mitt Romney acerca del cierre de Tiktok[1][2])https://youtu.be/7C3QDPRWPUgCitar"Ahora, por supuesto, estamos recibiendo una alimentación intravenosa de información con nuevos impulsos, entradas cada milisegundo", continuó Blinken. “Y, por supuesto, la forma en que esto se desarrolló en las redes sociales ha dominado la narrativa. Y tienes un entorno de ecosistema de redes sociales en el que el contexto, la historia, los hechos se pierden y la emoción y el impacto de las imágenes dominan. Y no podemos, no podemos descartar eso, pero creo que también tiene un efecto muy, muy, muy desafiante en la narrativa”.¿Observas cómo dijo la palabra “narrativa” tres veces? Así se hablan entre sí los dirigentes del imperio, porque así es como piensan sobre todo.Esto se debe a que los administradores del imperio siempre son muy conscientes de algo que los seres humanos normales no son: que el poder real proviene de la manipulación de las historias (narrativas) que las personas se cuentan a sí mismas sobre su realidad. Entienden que los humanos son animales que cuentan historias cuyas vidas internas suelen estar dominadas por narrativas mentales sobre lo que está sucediendo, por lo que si puedes controlar esas narrativas, puedes controlar a los humanos.Entienden que controlar lo que sucede es poder, pero el verdadero poder es controlar lo que la gente piensa sobre lo que sucede. Entienden que quien controla la narrativa controla el mundo.[1] https://www.state.gov/secretary-antony-j-blinken-at-mccain-institutes-2024-sedona-forum-keynote-conversation-with-senator-mitt-romney/[2] https://youtu.be/7C3QDPRWPUg
“Creemos que estas cosas que están sucediendo en los campus universitarios son un espectáculo secundario. No, ellos son el espectáculo”. "Si perdemos el debate intelectual, nunca podremos desplegar ningún ejército en Occidente". El director ejecutivo de #Palantir, Alex Karp, en #SCSPAIExpo2024 pic.twitter.com/MwQoDlSMFw – Palantir (@PalantirTech) 8 de mayo de 2024
"Ahora, por supuesto, estamos recibiendo una alimentación intravenosa de información con nuevos impulsos, entradas cada milisegundo", continuó Blinken. “Y, por supuesto, la forma en que esto se desarrolló en las redes sociales ha dominado la narrativa. Y tienes un entorno de ecosistema de redes sociales en el que el contexto, la historia, los hechos se pierden y la emoción y el impacto de las imágenes dominan. Y no podemos, no podemos descartar eso, pero creo que también tiene un efecto muy, muy, muy desafiante en la narrativa”.
El poder de la narrativaCaitlin JohnstoneMay 9, 2024Empire Managers Explain Why This New Protest Movement Scares Them“They understand that if they lose control of the narrative, they won’t be able to deploy their armies anymore.” v/EN= https://caitlinjohnstone.com.au/2024/05/09/empire-managers-explain-why-this-new-protest-movement-scares-them/v/FR= https://lesakerfrancophone.fr/le-pouvoir-de-la-narrativev/go-ES= https://caitlinjohnstone-com-au.translate.goog/2024/05/09/empire-managers-explain-why-this-new-protest-movement-scares-them/?_x_tr_sl=auto&_x_tr_tl=es&_x_tr_hl=en-US