HEADS-UP! Does the Bank of America have shares in Petrobas? If YES – then will John Key personally profit from oil drilling because he has shares in the Bank of America?
12 April 2011
John Key has shares in the Bank Of America.
(Register of pecuniary interests for NZ MPs). Pg 36
John Key admits on 3 February 2011 at a Grey Power meeting that he has shares in the Bank of America. (3 minute You tube clip)
http://www.youtube.com/watch?v=VXwNoaOpDMw
Does the Bank of America have shares in Petrobas?
The Bank of America was one of the banks which helped to manage the $70 billion worth of Petrobas shares sales last year.
“Petrobras said banks appointed to manage the share sale also have a greenshoe option to buy another 188 million shares worth about 5 billion reals. Citigroup (NYSE: C), Bank of America Merrill Lynch, Morgan Stanley (NYSE: MS), Credit Suisse (NYSE: CS), HSBC, JPMorgan, Deutsche Bank (NYSE: DB), Societe Generale, and a handful of Brazilian and Spanish banks were appointed to manage the share sale.”
DO THE BANK OF AMERICA HAVE SHARES IN PETROBAS?
Even if the Bank of America have just acted as ‘financiers’ as opposed to being shareholders – they will still presumably be getting paid for their services, and will thus be financially benefiting?
If yes – wouldn’t that mean John Key would arguably personally profit from oil drilling on the East Cape?
Just whose interests is John Key looking after here?
His own?
NOT a good look for the Prime Minister of NZ – ‘perceived’ to be the ‘least corrupt country in the world’?
Sending in the navy to arguably help protect your investment?
Cute.
Penny Bright
Ph (09) 846 9825
021 211 4 127
https://waterpressure.wordpress.com
http://www.themoneytimes.com/featured/20100926/petrobras-raises-record-70-billion-through-share-sale-id-10129711.html
Petrobras Raises Record $70 Billion Through Share Sale
Brazilian energy giant Petroleo Brasileiro SA, better known as Petrobras (NYSE: PBR) , shattered previous share-sale records by raising nearly $70 billion from a share sale, proving wrong the critics who had warned that the company’s offering would not draw investors because of high government influence, wrong.
The Rio de Janeiro-based company said Thursday that it planned to sell 2.29 billion common shares for 29.65 Brazilian reals each — or a fraction below Thursday’s stock market closing price — and has priced 1.79 billion shares of preferred stock at 26.30 reals each. That also includes American depositary receipts — each representing two voting shares, which were priced at $34.49 — and preferred ADRs priced at $30.59, the company said in a regulatory filing.
In total, the company has sold $67 billion worth of shares.
The share sale broke a previous record set in 1987, when Japanese telecommunications company Nippon Telegraph & Telephone raised $36.8 billion.
Petrobras said banks appointed to manage the share sale also have a greenshoe option to buy another 188 million shares worth about 5 billion reals. Citigroup (NYSE: C), Bank of America Merrill Lynch, Morgan Stanley (NYSE: MS), Credit Suisse (NYSE: CS), HSBC, JPMorgan, Deutsche Bank (NYSE: DB), Societe Generale, and a handful of Brazilian and Spanish banks were appointed to manage the share sale.
http://www.reuters.com/article/2010/06/22/us-petrobras-idUSTRE65L26N20100622?pageNumber=2
Petrobras shareholders OK massive stock issue
12 April 2011: Public forum on government spending priorities and Global Day on Action of Military Spending
AUCKLAND:
* Leafletting for the Global Day of Action – on Tuesday, 12 April, meet at
4.30pm, outside the US Consulate, Citigroup building, 23 Customs Street
East. For more information contact Pax Christi Aotearoa New Zealand, email
paxnz@xtra.co.nz
Last year global military expenditure was $1,630 billion (US), on average
nearly $4.5 billion a day. By way of contrast, an average of more than
24,000 children under the age of five die every day from mainly preventable
causes – lack of access to adequate food, clean water and basic medicines.
This is one of the prices paid, the collateral damage that is seldom talked
about, for maintaining armed forces in a state of combat readiness around
the world.
Updated: Public forum on government spending priorities and Global Day on
Action of Military Spending
11 April 2011
Kia ora,
below are updated details of the public forum on government spending
priorities in Wellington tomorrow (Tuesday, 12 April), and other Global Day
of Action events in Wellington and Auckland; ways you can support the Global
Day of Action wherever you are; and the list of supporting organisations.
The new Global Day of Action colour poster is now available at
http://www.converge.org.nz/pma/gdposterA4.pdf
This message is available at http://www.converge.org.nz/pma/gdams11.htm
** Wellington events **
* Public forum on government spending priorities – on Tuesday, 12 April,
join us for a discussion on:
* Child poverty – Dr Nikki Turner, Child Poverty Action Group
* Pressure on frontline advocacy and welfare – Kay Brereton, Wellington
People’s Centre
* Early childhood education – Jenny Davies, NZEI Te Riu Roa
* Military expenditure – Edwina Hughes, Peace Movement Aotearoa From
5.30pm to 7pm ~ light refreshments at 5.15pm ~ at Connolly Hall, corner
Guildford Terrace and Hill Street, Thorndon, Wellington.
An event marking the Global Day of Action on Military Spending. For more
information, contact Peace Movement Aotearoa, tel 04 382 8129,
pma@xtra.co.nz A flyer for the public forum is available at
http://www.converge.org.nz/pma/gd120411.pdf
Last year global military expenditure was $1,630 billion (US), on average
nearly $4.5 billion a day. By way of contrast, an average of more than
24,000 children under the age of five die every day from mainly preventable
causes – lack of access to adequate food, clean water and basic medicines.
This is one of the prices paid, the collateral damage that is seldom talked
about, for maintaining armed forces in a state of combat readiness around
the world.
* Poster and flyers for the Global Day of Action: the new Global Day of
Action colour poster is now available at
http://www.converge.org.nz/pma/gdposterA4.pdf The preliminary A4 flyer
(which can be printed, then cut to A5) is available at
http://www.converge.org.nz/pma/gdams11s.htm – the flyer with updated facts
on figures on global and national military spending will be available on the
Global Day of Action index page at
http://www.converge.org.nz/pma/gdams11.htm on Tuesday, 12 April.
* Add your organisation to the list of supporters: if you would like your
organisation listed as a supporter of the Global Day of Action and of the
urgent need to change spending priorities away from funding armed forces
towards meeting human needs, please send your details to email
pma@xtra.co.nz with ‘Global Day of Action support’
in the subject line and we will add you to the list of supporting
organisations at http://www.converge.org.nz/pma/gdams11s.htm You can also
add your organisation’s name to the international Global Day of Action site,
http://demilitarize.org
* Supporting individuals: you can add your name as an individual supporter
of the Global Day of Action by RSVPing to the event listing on the Peace
Movement Aotearoa Facebook page at
http://www.facebook.com/event.php?eid=197013510322406
* More ways you can support the Global Day of Action, and background
information on the Day: are available at
http://www.converge.org.nz/pma/gdams11i.htm
* Supporting organisations in Aotearoa New Zealand: the Global Day of Action
on Military Spending is supported by Amnesty International, Tauranga Moana;
Anglican Pacifist Fellowship, New Zealand Branch; Green Party; Pax Christi
Aotearoa New Zealand; Peace Movement Aotearoa; Women’s International League
for Peace and Freedom, Aotearoa Section; and the Yearly Meeting of Aotearoa
New Zealand Religious Society of Friends, Te Haahi Tuuhauwiri (Quakers).
Workers fightback in USA! ‘Third day of ‘sleep-in’ at Washington state capitol’
12 April 2011
www.nwcn.com/news/Thousands-flood-Capitol-to-oppose-budget-cuts-119534779.html
Third day of ‘sleep-in’ at Washington state capitol
by Associated Press
NWCN.com
Posted on April 9, 2011 at 11:19 AM
Updated Saturday, Apr 9 at 12:04 PM
OLYMPIA, Wash. – Thousands of union members from all over Washington poured into the state Capitol Friday, calling on lawmakers to “put people first” by ending corporate tax breaks and painful cuts to public programs.
The protest was by far the largest of four days of boisterous demonstrations in Olympia over spending cuts legislators are considering in order to help close a looming $5 billion budget deficit for the next two-year cycle.
Buses began arriving at the Capitol hours before the noon rally, carrying musicians, iron workers, firefighters and others concerned about the scarcity of jobs, the rising cost of college and the security of their pensions. The Washington State Patrol estimated 7,000 people gathered outside the main legislative building, while labor group leaders put the figure closer to 12,000.
Protesters said they hoped the demonstration would serve as a powerful reminder to lawmakers of who their decisions are affecting as they work to craft the state’s next two-year budget. The House plans to vote Friday or Saturday on a budget plan that includes $4.4 billion in cuts, while the Senate will introduce its own proposal next week.
“We need to remind them that we need changes right now, not later,” said Tim Haslett, an electrical worker and father of five from Seattle who has been unemployed for most of the past two years. “I’m trying to do everything I can to pay for my youngest daughter to go to college next year, but I don’t know how I’m going to be able to do that if there are no jobs.”
“We do not have a budget deficit,” Jeff Johnson, president of the Washington State Labor Council, one of the rally’s main organizers, told the crowd. “We have a social services deficit, we have a jobs deficit, we have a revenue deficit, and we have a deficit of leadership.”
Many of the signs blanketing the crowd focused on the need to discontinue tax breaks for the financial services and other industries before resorting to more cuts. One read, “My community college teacher pays more tax than General Electric,” while another declared, “We the People v. We the Corporation.”
Dan Twohig, a 50-year-old licensed deck officer of the state ferry system, said corporations walk away with billions of taxpayer dollars every year while working families are forced to make do with less and less.
“It would beneficial on the state in general to stop attacking the workers; we’re not the ones with the money,” he said.
Democratic Gov. Chris Gregoire so far has been lukewarm about the proposal to end tax breaks, and bills to halt some of them have failed to advance. State law requires a two-thirds majority in the Legislature to create or increase taxes.
Among the lineup of about a dozen speakers Friday, the person who generated the most buzz and applause was Wisconsin state Sen. Spencer Coggs, one of 14 Democratic senators who attempted to block that state’s controversial new law eliminating most union rights for public employees.
Coggs recounted his experience fleeing to Illinois with his 13 colleagues in an ultimately failed attempt to prevent a vote on the legislation. He said it was labor groups across the country who “had our backs.”
Many in the crowd referred to recent events in Wisconsin as the worst-case scenario they were hoping to prevent by joining the protest.
“Wisconsin has woken this country up,” said Maureen Farr, a 65-year-old retired nurse from Olympia who was joined by her husband Peter, a retired special education teacher.
The rally appeared to be the largest at the Capitol since 2003, when tens of thousands of Washington teachers gathered to protest cuts to education funding.
The demonstrators were vocal but peaceful throughout the morning and early afternoon, and law enforcement officials kept their distance.
On Thursday, 17 people were arrested after a crowd of about 400 people converged on Gregoire’s office, causing a scuffle with police. One man was booked on two counts of assault after reportedly attacking two state troopers, while the other 16 individuals were cited for disorderly conduct and released, said Washington State Patrol spokesman Robert Calkins.
The incident prompted the Department of General Administration to shut down the legislative building to the general public for several hours — a move that drew criticism from Democratic leaders in the Senate who stayed for a late floor session. The building was reopened around 8 p.m.
For the past two nights, small groups of protesters have been permitted to sleep on the hard marble floor inside the central rotunda. State Patrol Lt. Mark Arras said the overnight guests were well-behaved and that the decision to allow them to stay came from Gregoire’s office, State Patrol and the Department of General Administration, which manages Capitol grounds and buildings.
JANE BURGERMEISTER REPORT: Threatened shutdown of US government a bank operation, says Lyndon LaRouche
12 April 2011
Threatened shutdown of US government a bank operation, says Lyndon LaRouche
http://www.infowars.com/lyndon-larouche-exposes-the-face-of-evil/
The US national debt – just like the sovereign debt of the eurozone – was engineered artificially by the bankers as a method of confiscating national wealth via interest payments paid by taxpayers on a fractional reserve bank debt which the government assumed as sovereign debt.
Vienna Economist Franz Hörmann explained in an interview in Der Standard how banks can create credit and also debts out of thin air using the fractional reserve banking system. He explained how they engage in expropriation when they ask for interest payments in return for nothing ie for a paper, non existent debt.
LaRouche argues that closing down the US government and leaving the country ruderless under the pretext of having to balance the national budget when the bankers themselves are let off scot free is a covert act of warfare aimed at the people of the USA.
This event has to be understood as part of a much larger, centuries-old battle waged between powers like the USA that want to use money as credit and powers — specifically, the London-centred financial imperium — that want to use money as debt, says LaRouche.
LaRouche proposes reintroducing the Glass-Steagall Act to separate out the trillions of fractional-reserve, private bank paper debt from the national debt and to reform the banking system so that it can once more serve the real economy.
He argues that President Obama, who is consistently furthering the interest of the bankers, needs to be removed from power by impeachment.
He points out that one of Obama’s major funders, George Soros, actively helped Nazis confiscate the property of Jews in Hungary before the Jews were sent to their deaths in concentration camps, and asks: what kind of a character is that?
The eurozone is suffering under the same smothering mountain of artificially and fradulently engineered, fracitonal reserve banking debt – and the solution here too is insolvency or some other mechanism to separate out the paper, private bank debt from the national debt. This has to be done urgently or the eurozone will undergo a similar financial meltdown to the USA.
Adopting old currencies might be another way out.
Certainly, the new embryonic global currency and SDRs being proposed by George Soros and the IMF is just a continuation of the debt system that has brought so much misery in the form of booms and busts and wars since it established itself in the USA after the Federal Reserve was privatised in 1913.
VINCE SIEMER REPORTS: ‘LOSING THE PLOT’ – The Urewera 18 have applied to the Supreme Court against the Court of Appeal’s rejection of their right to trial by jury.
www.kiwisfirst.co.nz
12 April 2011
LOSING THE PLOT
12 April 2011
The Urewera 18 have applied to the Supreme Court against the Court of Appeal’s rejection of their right to trial by jury.
Citing no right to appeal interlocutory judgments ahead of trial, the Crown prosecution opposes the Supreme Court considering the matter until at least after the scheduled trial in August, if at all.
In what is already the most expensive prosecution to taxpayers in New Zealand’s history, the result will be a mistrial if Crown argument is accepted and the Supreme Court determines post trial that denial of jury breached New Zealand Bill of Rights Act and Crimes Act guarantees. Strategically the Crown’s hope is a fait accompli on judge alone trial will bolster the economic pressures on the Supreme Court upholding the lower court’s imposed discretion to deny this statutory right.
Meanwhile, it has been reported in the Whakatane Beacon that Tuhoe will back a request to solicitor-general David Collins later this month to drop all charges against the 18 defendants. After the September 2007 raids held many without bail on terrorism charges, public protests forced Mr Collins to reduce the charges to various weapons, drugs and gang charges. It is reported Tuhoe leader Tamati Kruger said iwi would endorse the request to drop charges, sponsored by lawyer Moana Jackson and Auckland University law faculty professor Jane Kelsey, adding “These people will never, ever get a fair and just trial.”
The original Police affidavit used to obtain the warrants to make the arrests which grabbed world headlines 3 ½ years ago suggests several defendants were charged because of their personal association with their co-defendants or for using offensive language in describing Police. Despite a court-ordered public suppression order of this police affidavit from day one, Auckland High Court Judge Helen Winkelmann read out key phrases for the TV cameras in court when revoking bail against one of the defendants Jamie Locket a week after the arrests. Those sensationalist excerpts, that “white men are going to die in this country” and “I am going to go commando”, were not given any context and were not representative of the police affidavit. Talk radio was ablaze in the days afterward, with many advocating reestablishment of the death penalty.
Three years later it was Winkelmann who denied 14 of these 18 defendants their statutory right to trial by jury on grounds jury members will likely use “improper reasoning processes” in reaching a decision and the trial is expected to be lengthy. As with the affidavit, the Judge suppressed her ruling from the public. It is this decision which the Court of Appeal upheld last month and the Supreme Court is now being asked to consider.
Greens tell Key: Don’t drill it if you can’t plug it
11 April 2011
Who will benefit from deep sea oil drilling – where will the money go?
When did the NZ public have a say on whether or not WE wanted deep sea oil drilling?
“Don’t drill it if you can’t plug it” – EXACTLY.
_______________________________________________________________________________________
Greens tell Key: Don’t drill it if you can’t plug it
tvnz.co.nz/national-news/greens-tell-key-don-t-drill-if-you-can-plug-4111433
Published: 9:21AM Monday April 11, 2011 Source: ONE New
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Activists opposing deep sea oil drilling – Source: ONE News -
Watch Video
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Related
The Greens say oil exploration in deep water areas should not be allowed until the oil industry can prove it can plug accidental oil leaks.
It comes after Greenpeace protesters swam in front of a Petrobras ship which was conducting a survey of the seabed in the Raukumara Basin yesterday.
Prime Minister John Key aired his disappointment at the protesters’ actions on TV ONE’s Breakfast this morning.
“We have issued Petrobras a five year licence for exploratory work to see if there’s oil and gas there, they have a legal right to do that. They should be allowed to go and do that,” he said.
But Green MP David Clendon said it is reckless for the government to start a drilling programme if the oil companies do not know how to plug a deep sea well.
“John Key stated this morning that he believes the government can manage the environmental risks of deep sea oil drilling. The Prime Minister should share with us the basis of that belief,” said Clendon.
“What clever technology or response plan does John Key know about that no-one else has heard of?”
Clendon said the Deepwater Horizon accident in the Gulf of Mexico last year showed the industry had not solved the environmental and safety issues involved with deep-sea oil exploration.
Petrobras ship the Orient Explorer began exploring last week for oil and gas in a 12,000 square kilometre area in the Raukumara Basin off East Cape.
Greenpeace said it had asked the captain of the Orient Explorer six days ago to cease surveying activity and leave.
Climate campaigner Steve Abel said the government is endangering the coastline, marine environment and climate when they could be leading the way to a future with clean fuels and energy technology.
But Key said there will be careful consideration given to any future developments.
“No-one’s arguing that there aren’t environmental issues to consider,” he said
“But at the end of the day this is early days and we want New Zealanders to have better jobs and incomes and there’s a real opportunity here.”
Economic sabotage
The Petroleum Exploration and Production Association said the actions amounted to economic sabotage and is calling on the government to intervene.
Executive officer John Pfahlert said the police or navy should be used to ensure the protesters are not able to further disrupt the work.
“While Greenpeace have the right to express their view they don’t have the right to prevent others from exercising their rights,” he said.
“If the company is unable to continue its survey because of these protest actions, this will send a signal to potential overseas investors that New Zealand is a risky place to do business.
“While that will no doubt be welcomed by the protesters, New Zealand will be the poorer as a result.”
He said Petrobras was given permission by the New Zealand government to search for oil and gas, and it was simply exercising its legal right to carry out the work.
DIRECT ACTION WORKS! International Oil drilling company Petrobas seismic testing vessel halts operations on Sunday 10 April 2011!
11 April 2011
Message from Greepeace!
GOOD WORK PEOPLE!
________________________________________________________________________________________
Dear Penny,
Two weeks ago, the flotilla opposing deep sea oil exploration gathered in Auckland, and received a rousing send off.
One week ago, it arrived at the East Cape to an incredible reception from several hundred representatives of local iwi, te Whānau ā Apanui.
Over the past few days, in the tradition of “bearing witness”, the Stop Deep Sea Oil Flotilla has been off the East Coast observing and demonstrating its opposition to the oil exploration.
Yesterday we established radio contact with the seismic testing vessel sent by the international oil company, Petrobras, and again asked the Captain to cease operations.
With te Whānau ā Apanui and members of the Nuclear Free Flotilla we peacefully, but directly, placed ourselves in the path of the seismic testing vessel to prevent deep sea oil exploration continuing.
They have received our message loud and clear, and at 2pm Sunday stated to media that they had halted their operations.
Now is the time for action. We cannot allow deep sea oil drilling to put New Zealand’s unique and fragile environment and economy at risk.
When other means have failed, Greenpeace and our allies will intervene directly to stop environmental harm, as we have done for the past forty years.
You can see some of the latest footage here, and you can send a message of support to the flotilla here.
Direct action and peaceful protest helped to keep New Zealand nuclear free, and helped stop nuclear testing in the Pacific.
Now it will help protect us from the harms of deep sea oil exploration and drilling.
Please send messages of support to the activists at sea here.
Thank you again for your support.
Steve Abel
Climate Campaigner
Greenpeace Aotearoa New Zealand
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