Adonis Diaries

Posts Tagged ‘shareholders

First out (transferred hard currencies), first in (with privileges): Lebanon

First out first in

Inducing Lebanese expats and wealthy “Arabs” to transfer real money to the Lebanese banks

Out of the real money, they multiplied virtual money and created the illusion of a model that can generate wealth out of scratch

When real money inflows started to slow down they started to transfer real money out of the system and to replace it by virtual money (mass printing of Lebanese currency)

In 2019, $18 billion were transferred abroad, and $6 billion in 2020 even after the mass protests

Virtual money will in turn evaporate because it has never existed, except out of a scam they called “lollard” (lol-dollars?)

With the disappearance of virtual money and the widespread of inequality, poverty and destitution, real money transferred abroad can buy everything

It will buy private property as well as public assets which will be lodged in a fund (Sort of a wish Sovereign Fund)

Plans are being debated:

Haircut, capital control, lollards for the people, free capital, real dollars, public resources for the privileged few

Foreign aid won’t be granted without reforms, impoverished population will be taken Eastward

No plan, no fund, no aid without equality and solidarity

Inequality is not only about arms, it is also about money

Those who exploited the system must pay first

Those who corrupted the system and made-up the $80 billion loss must pay first

Because the $80 billion loss is only a portion of their profits

Confiscation of accounts and haircut for all,

Contribution by the corrupted politicians and their cronies is the condition precedent for any plan, any recovery

No neutrality of the state on this issue, the US sanctions and settlement way can serve as a soft model, the MBS way as a hard one

People are now paying 70% penalty to free-up their wealth,.

It is only fair that those who stole public assets and private deposits contribute 30% of theirs as solidarity with their fellow citizens

Contributions by all who made up this mess should be a condition precedent to any plan for sustained pain and famine.

This is the only pragmatic solution to move forward

Note 1: Private Lebanese banks (there are No publicly owned banks), are the hunting dogs for our militia/mafia “leaders” Club. The banks “shareholders” have figured out that it cannot lose by lending the government at 18% interest rate (knowing well it is a Ponzi scheme), on the assumption that a State cannot go bankrupt.

The concept was that No government can go bankrupt: the State has always enough assets and “properties” to redeem its debt to the banks.

The banks are working also on the assumption that it is their “shareholders” (mostly the successive deputies) who want their money back, and Not the 80% of the small depositors who lost everything and are hungry and in despair.

Note 2: The Central Bank (Riad salami) and the successive ministers of Finance (Nabih Berry) main function was to “financially engineer” the State budget for the benefits of the Club of militia leaders. and the 18 officially recognized religious clergies

Has Covid-19 changed this notion of “Moral Entity”?

Note: Repost of 2011 article “A moral entity? What are multinational corporations?”

Even developed States are hostage to mega multinational financial “entities” and subordinated to their dictat.

Follow the money trail” is the principal rule for investigating criminal activities of mafia, dirty politicians, money launderer, and cases of conflict of interests in public institutions dealing with private enterprises.

“Follow the money trail” is a valid guiding rod to investigating how current deteriorating moral values and ethical conducts are making inroads into our societies and taking ascendency over well-tested sets of values.

Any sane thinking individual can find a direct link between how financial multinationals function and their corresponding predominant value system.

Financial multinationals are disseminating, by their global branches, and their affiliation with other companies and media, by their close cooperation with political organizations and States governing bodies, the value system and ethical standards that promote their interests (shareholders) and mentality of financial profit by all means.

As one State erect barriers to influx of unnecessary products and product competing with its autonomy, economic and financial security, and preserving its scarce resources, you find multinational companies vigorously push forward, dislodge the barriers and exploit resources of weaker nations.

Financial multinationals and multinational enterprises bribe their way and threaten with the heavy stick of their original powerful nations to impose their will and interests with makeshift contracts, not even valid in any serious court of justice.

Ironically, while a financial multinational threatens with embargo and sanctions, supported by its powerful government, it really don’t give a damn of the citizens of its original country: Money and profit have no restrictive citizens or smelling race. Money and profit  have no standard particular social value.

Who control a multinational corporation?  You might reply:

“He is the appointed General Director by the elected board members.”  Who control the board of directors?  You might say: The shareholders.  And you carry on your excuses for exploiting people and nations on the premise that shareholders invested for profit and they are generally not aware how the corporation do business on their behalf.

There are figure-head shareholders who elect nobody, and shareholders extending their voting rights to a third-party, and super electing body or “club of the old money

For example, you say this dictator control this State, and who control the dictators?  You might say the bondholders or the multinational financial institutions controlled by the club of old money.  And you ask: “who are these clubs of old money?”

And you start reading biographies of these old crooks who “whitened their money in highway-robbery schemes” and how their inheritors legitimately resumed the same crooked behavior:

They were elected to political offices and they finance election campaigns, and fund lobbies for special interest laws.

A “moral entity”?

Time to start redefining what a moral entity means.

It is time to get outraged big time and return the power and rights to the people.

 

Israel Grants First Golan Heights Oil Drilling License To Dick Cheney-Linked Company

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.

A local subsidiary of the New York-listed company Genie Energy — which is advised by former vice president Dick Cheney and whose shareholders include Jacob Rothschild and Rupert Murdochwill now have exclusive rights to a 153-square mile radius in the southern part of the Golan Heights.

That geographic location will likely prove controversial.

Israel seized the Golan Heights in the Six-Day War in 1967 and annexed the territory in 1981. 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.

“This action is mostly political – it’s an attempt to deepen Israeli commitment to the occupied Golan Heights,” Israeli political analyst Yaron Ezrahi told FT. “The timing is directly related to the fact that the Syrian government is dealing with violence and chaos and is not free to deal with this problem.”

golan heightsWikimedia Commons There are about 20,000 Israeli settlers in the Golan Heights.

Earlier this month we reported that Israel is considering creating a buffer zone reaching up to 10 miles from Golan into Syria to secure the 47-mile border against the threat of Islamic radicals in the area.

The move would overtake the UN Disengagement Observer Force Zone that was established in 1973 to end the Yom Kippur War and to provide a buffer zone between the two countries.

Reed notes that recent natural gas finds off Israel’s coast in the Mediterranean have made the country’s offshore gas reserve one of the largest of its kind in the world, meaning Israel may become a significant energy exporter in its region.

 Note: Israel has been exporting wines exploited in the Heights that are under economic sanctions as well as exploiting the water rich Heights and selling it to the Palestinians

Designing what? The Human Factors Concept

 

The bottom line in industrial engineering is to design a system that would optimize production, inventory, distribution, material handling by maximizing profit or minimizing cost or finding a trade-off that would satisfy the marketing department, the shareholders, the after sale, the union, the consumer product, and the health and safety agencies and so forth.

Now we can recognize that optimizing a system involves inter-relationship among various interested groups of people.  The inter-relationship with consumers, operators, employees, workers, management, and shareholders requires a good understanding of the research done in psychology, sociology, marketing, econometrics and other social studies. This fact is anathema to mathematical solutions that do not consider constraints on human needs, demands, safety and health regulations and specifications, and variability in capabilities and limitations and ethnic idiosyncrasies.

Can industrial engineering discipline be of any aid to small and family based businesses and industries with limited financial resources and marketing scope?  It should be of aid if the boss is an industrial engineer but my opinion is that this discipline is geared toward large industrial complex that hires many employees and workers even if many sections are automated.  Designing an optimum system of production without serious awareness of the research done in the consequences of shift work, pay rate, sleep deprivation, and the political infighting among departments, management, syndicates and employees is tantamount to failure.  We can understand that there are many strong and interesting interactions among industrial, social, psychological and business administration fields.

Whether we like it or not human factors engineering that studies the capabilities and variability of the human element, his health and safety and risk taking tendencies or avoidance should be an intrinsic part of designing work production.  The reality is that companies are wary of hiring generalists such as industrial or human factors engineers for the benefit of specific specialties that are much more in demand because they are better known, even if a global view and comprehension of a system can, in the medium and long terms, deliver much better performance in production, minimizing lost work days, turnover, human aches and pains, emotionally and physically. 

Private companies conjecture that they cannot afford human factors engineers whose jobs are designing interfaces for end users to interact efficiently with complex systems; this is partly true because experimenting with human subjects is time consuming and very costly when dealing with the innumerable variables involved in studying the behavior of workers, employees, engineers and consumers.

I like the current tendency to label industrial engineering as engineering management because the scope matches the management requirement and responsibilities and avoid the connotation with mechanical design and fabrication.


adonis49

adonis49

adonis49

October 2020
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