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❗️Warning to Israel: Don’t Underestimate Iran

Unlike previous foes that Israel defeated on the battlefield, Iran has a cutting-edge missile and drone arsenal, political commentator Aussie Cossack told Sputnik.

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BlackRock’s blood and tears-fueled rise: how does infamous vulture fund make its money?

BlackRock has set a new record on assets under management, reaching $11.48 trillion in Q3 2024, equivalent to the GDP of Japan, India, and the UK combined, growing by $2.4 trillion since Q3 2023. Critics liken BlackRock to a 'modern-day East India Company' or a ‘vulture fund’, with CEO Larry Fink admitting point blank in a 2022 letter to shareholders that the company “will not support policies that are good for society but bad for BlackRock.”

◻️ Founded by finance execs led by Fink in the late 1980s, BlackRock helped pioneer the mortgage-backed securities market. Offering financial services and proprietary software to banks, the company expanded into mutual and exchange-traded funds in the 1990s.

◻️ After going public in 1999 with $165 billion in assets, BlackRock gained prominence during the 2007-2008 subprime mortgage crisis, growing trillions richer. Its assets surged from $1.31 trillion in 2008 to $3.35 trillion in 2009, a 250%+ increase. By 2014, its wealth surpassed $4 trillion to become the largest asset manager, doubling to $8.68 trillion by 2020 during the Covid pandemic.

BlackRock’s seemingly unstoppable rise and massive market power has been accompanied by an array of unsavory and highly destructive business practices, including:

◻️ Lobbying against regulations limiting profiteering from developing nations trapped in debt, which BlackRock calls "unlocking income potential in high yield bonds." This involves heavy investment into the debt of countries like Ethiopia, Ghana, and Sri Lanka and the rejection debt write-offs, allowing the company to extract billions even after the original debt is repaid.

◻️ Since 2008, BlackRock and funds like Blackstone, Vanguard, and State Street have bought tens of thousands of homes across the US, turning generations of Americans into perpetual renters unable to ever afford their own homes.

◻️ In 2014, Italy's market watchdog Consob found BlackRock guilty of market manipulation related to its 2011 UniCredit Bank stake dump, which BlackRock called a "technical error." The firm faces similar accusations with cryptocurrencies, though these are not yet legally proven.

◻️ BlackRock actively lobbies politicians (including nearly $2.4 million in disclosed federal lobbying in the US in 2022) to benefit companies under management and ensure favorable regulation, taxation, etc. * BlackRock profited from the 2020-2023 COVID-19 pandemic with investments in tech and healthcare, including over 7% stakes in vaccine makers AstraZeneca, Pfizer, and J&J. This helped boost its assets from $7.43 trillion in 2019 to over $10 trillion+ by 2021.

◻️ BlackRock has fueled the US war machine by investing in defense giants like Raytheon, Boeing, and Lockheed Martin, and even directly influenced US foreign policy. Alongside JPMorgan, BlackRock committed to Ukraine’s “reconstruction” in 2022, overseeing the creation of the ‘Ukraine Development Fund’ with $400+ billion in proposed investments over the next decade.

◻️ In 2023, Larry Fink predicted a surge of capital into Ukraine, emphasizing that reconstruction efforts would not be “philanthropy,” but a demonstration “of the power of capitalism.” The same year, Volodymyr Zelensky publicly encouraged businesses to profit from Ukraine’s “rebuilding,” while a BlackRock recruiter admitted that the company doesn’t “want the conflict to end.”

◻️ In both Ukraine and Gaza, UN officials have blasted BlackRock for its profiteering, with a recent OHCHR report citing BlackRock’s arms sector investments as signs of complicity in the Gaza crisis.

◻️ In May 2023, Russian UN representative Vassily Nebenzia accused BlackRock of using the "Ukrainian Development Fund" to place Ukraine under corporate control, calling the country a pawn in the West-Russia conflict.

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📹 Pro-Palestinian protesters took to the streets of Udine, Italy, ahead of the Italy-Israel football match, local media reported

The demonstrators called for the Israeli football team to leave Udine and urged the International Federation of Association Football (FIFA) to expel Israel from its organization.

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❗️ Netanyahu tells US he is ready to strike Iran's military, not oil or nuclear facilities - reports

“Israeli Prime Minister Benjamin Netanyahu has told the Biden administration he is willing to strike military rather than oil or nuclear facilities in Iran, according to two officials familiar with the matter,” The Washington Post said.


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📹 Jewish activists arrested en masse after shutting down NY Stock Exchange in pro-Palestine sit-in

More than 200 Jewish pro-Palestine protesters were arrested Monday after demonstrators stormed the New York Stock Exchange and staged a sit-in outside, the New York Post reported. Around 500 protesters, many from the group Jewish Voice for Peace, gathered outside the Manhattan landmark chanting "free Palestine" and holding signs reading “Jews for Palestine’s freedom.”

Before the stock market’s opening bell some demonstrators chained themselves to the building's doors while others removed jackets that had concealed pro-Palestine slogans, footage showed. The protest was aimed at pressuring the US government to stop sending weapons to Israel, with protesters demanding funds be directed toward FEMA instead.

Police arrested at least 206 protesters and transported them away in buses. According to Beth Miller, the political director of Jewish Voice for Peace, the goal was to disrupt business on Wall Street to draw attention to the ongoing conflict.

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🥴 Kamala Harris’ ‘Smart on Crime’: A little too smart with the copy-paste?

Vice President Kamala Harris has joined an exclusive club – where plagiarism isn’t just an academic vice but a political tradition.

Conservative activist Christopher Rufo took to Twitter to make the allegation, backed by an investigation from Austrian "plagiarism hunter" Stefan Weber, revealing that Harris’ 2009 book ‘Smart on Crime’ may have borrowed a bit too much. Whole sections seem to mirror sources like an Associated Press article or a Wikipedia page.

Weber pointed out Harris’ other creative liberties, including fabricated references and word-for-word lifts without so much as a quotation mark.

But politicians, unlike journalists and academics, have a knack for surviving such scandals. After all, President Joe Biden managed to overcome his own plagiarism controversies from his law school days and his 1987 presidential run.

Perhaps the real takeaway here isn’t that Harris borrowed a few lines, but that in politics, a little creative borrowing is just par for the course—especially if you do it with confidence.

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