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Time Will tell whether the Political Winds will Favor the Libertarians

Known for favouring small government as well as expansive civil liberties, the Libertarians are the only third party in position to secure ballot status in all 50 states.

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Campaign buttons for Libertarian presidential candidate Gary Johnson and vice presidential candidate Bill Weld at the National Libertarian Party Convention in Orlando, Fla., May 27, 2016. Image source: AP

As the presidential election looms, poll after poll shows Americans are yearning for a better choice than the two presumptive nominees of the Democratic and Republican parties, Hillary Clinton and Donald Trump, respectively.

Known for favouring small government as well as expansive civil liberties, the Libertarians are the only third party in position to secure ballot status in all 50 states.

But only few of the Americans know what the party stands for.

The Libertarian Party offers an ideological and political alternative to the Democratic and Republican parties, in favor of reducing government involvement in all sectors, from the economy to social issues. The inception of the party can be dated back to 1971.

Reuters/Ipsos polls. Image source: Reuters
Reuters/Ipsos polls. Image source: Reuters

A Reuters poll in 2015 indicated that about 1 in 5 Americans considered themselves “somewhat libertarian” however the party has struggled to build itself into an influential political force.

In 2012, the Libertarian presidential candidate received less than 1 percent of the popular vote.

Libertarian presidential candidate Gary Johnson speaks to a delegate at the National Libertarian Party Convention, May 27, 2016, in Orlando, Fla. Image source: AP
Libertarian presidential candidate Gary Johnson speaks to a delegate at the National Libertarian Party Convention, May 27, 2016, in Orlando, Fla. Image source: AP

On social matters, Libertarians generally take a liberal approach, favoring same-sex marriage and the decriminalization of most, or all, drugs. The party is deeply pro-gun rights and takes a skeptical stance on any military involvement in other countries.

The party platform does not currently address the death penalty.

Many of the party’s ideas are rooted in principles espoused by Ayn Rand, author of the novel Atlas Shrugged. Her idea of individual freedom defines the libertarian movement — that self-interest trumps anything else so long as it did not mean hurting anyone else.

In fiscal matters, the Libertarians espouse unrestricted competition among financial institutions as well as the elimination of the Internal Revenue Service, Social Security and income taxes.

Delegates listen to speeches in the main hall at the National Libertarian Party Convention, May 27, 2016, in Orlando, Fla. Image source: AP
Delegates listen to speeches in the main hall at the National Libertarian Party Convention, May 27, 2016, in Orlando, Fla.
Image source: AP

They advocate for slashing government benefits, reducing economic regulations and implementing radical reform — if not the outright elimination — of the Federal Reserve.

The party’s foreign policy platform is equally radical. It calls for the U.S. to “abandon its attempts to act as a policeman for a world” and maintain a military solely for the purpose of national defense. It also calls for an end to the current U.S. government policy of foreign intervention, including military and economic aid of every kind.

Familiarizing Americans with its platform remains a challenge for the party. But the deep unpopularity of Trump and Clinton has raised hopes that this might be the year that the American voters pay more attention to the Libertarian Party. (Reuters)

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Exposed! Paradise Papers reveal Tax-haven Secrets of the Super-rich! Even Queen Elizabeth II hasn’t been spared!

The publication of this investigation for which more than 380 journalists have spent a year combing through data that stretches back 70 years comes at a time of growing global income inequality.

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Paradise Papers expose tax haven secrets of ultra-wealthy, including Queen Elizabeth. The details come from a leak of 13.4 million files that expose the global environments in which tax abuses can thrive - and the complex and seemingly artificial ways the wealthiest corporations can legally protect their wealth. VOA

London, November 6, 2017 : A huge new leak of financial documents has revealed how the powerful and ultra-wealthy including Britain’s Queen Elizabeth II’s private estate secretly invest vast amounts of cash in different offshore tax havens, media reports said on Monday.

The details come from a leak of 13.4 million files in the Paradise Papers on Sunday that expose the global environments in which tax abuses can thrive – and the complex and seemingly artificial ways the wealthiest corporations can legally protect their wealth.

The material which has come from two offshore service providers and the company registries of 19 tax havens was obtained by the German newspaper Süddeutsche Zeitung and shared by the International Consortium of Investigative Journalists (ICIJ) with 100 other media organisations including the Guardian, the BBC and The New York Times.

Some of the revelations in the Paradise Papers include millions of pounds from Queen Elizabeth II’s private estate that has been invested in a Cayman Islands fund and some of her money that went to a retailer accused of exploiting poor families and vulnerable people.

Paradise Papers detail extensive offshore dealings by US President Donald Trump’s cabinet members advisers and donors including substantial payments from a firm co-owned by Russian President Vladimir Putin’s son-in-law to the shipping group of the US Commerce Secretary Wilbur Ross.

The leak shows how social media giants Twitter and Facebook received millions in investments that can be traced back to Russian state financial institutions along with aggressive tax avoidance by multinational corporations including Nike and Apple.

It also includes information about a tax-avoiding Cayman Islands trust managed by the Canadian Prime Minister Justin Trudeau’s chief wealth manager.

The leak also includes how some of the biggest names in the film and TV industries protect their wealth with an array of offshore schemes and the complex offshore webs used by two Russian billionaires to buy stakes in Arsenal and Everton football clubs.

The disclosures will put pressure on world leaders including Trump and British Prime Minister Theresa May who have both pledged to curb aggressive tax avoidance schemes.

The publication of this investigation for which more than 380 journalists have spent a year combing through data that stretches back 70 years comes at a time of growing global income inequality.

Offshore finance is about a place outside of one’s own nation’s regulations to which companies or individuals can reroute money assets or profits to take advantage of lower taxes reports the BBC.

These jurisdictions are known as tax havens to the layman or the more stately offshore financial centres (OFCs) to the industry. They are generally stable secretive and reliable often small islands but not exclusively so and can vary on how rigorously they carry out checks on wrongdoing. (IANS)

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Donald Trump Planning to meet Putin during his Asia tour

Donald Trump's first trip to Asia is the longest international tour.

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US President Donald Trump
US President Donald Trump. wikimedia commns
  • US President Donald Trump said on Sunday that he expected to meet his Russian counterpart Vladimir Putin during his Asia tour.

“I think it’s expected we’ll meet with Putin, yeah. We want Putin’s help on North Korea, and we’ll be meeting with a lot of different leaders,” Donald Trump told reporters on Air Force One before landing at the Yokota Air Base in Japan, Efe reported.

Putin is scheduled to participate in the Asia-Pacific Economic Cooperation (APEC) summit in Da Nang, Vietnam, which Trump will also attend as part of his long Asia tour.

The North Korean nuclear threat is expected to dominate Donald Trump’s meetings in Japan and the next two stages of his tour, South Korea and China, where he will have a highly anticipated sit-down with Chinese President Xi Jinping.

The remainder of the tour will be more focused on economic issues, with Trump scheduled to take part in the APEC meeting in Da Nang and then in the Association of Southeast Asian Nations (ASEAN) Summit and the East Asia Summit in the Philippines.

Donald Trump’s first trip to Asia is the longest international tour by a US head of state since the one then-President George H.W. Bush embarked on in 1992.

Bush became ill at the end of that trip, famously vomiting on the Japanese prime minister’s lap at a formal dinner before fainting.(IANS)

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‘Keep up the pressure on North Korea’; Here is what North Korean Defectors want Trump to know

The defectors want Trump to persuade China, Pyongyang’s only remaining ally, to stop repatriating North Koreans who take refuge there.

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Ji Seong-ho, North Korean refugee and president of Now Action and Unity for Human Rights. VOA

Washington, November 4, 2017 : Four North Korean defectors have told VOA in video messages intended for U.S. President Donald Trump what they want him to do and say during his visit to South Korea.

The messages were delivered ahead of Trump’s departure Friday morning for a 12-day, five-nation tour which is expected to focus on tensions over North Korea’s its development of nuclear weapons and ballistic missiles. He is scheduled to meet South Korean President Moon Jae-in in Seoul on Nov. 7.

North Korea is expected to dominate their conversation at a time when recent polls show Americans consider North Korea to be the most immediate threat to the United States.

“If [Trump’s] coming to strengthen Korea-U.S. relations, he’s welcome, but if he’s coming to foment a war between the two Koreas, I cannot welcome him,” said Kim Young Soo, a defector and former soldier who arrived in South Korea in 2006. “As a head of state, I think he could be more discreet when talking about a war.”

The defectors want Trump to persuade China, Pyongyang’s only remaining ally, to stop repatriating North Koreans who take refuge there.

“While seeking freedom, they are put at risk of being captured by Chinese authorities and being forcibly returned to North Korea,” said Ji Seong-ho, a defector. “They may even face death. So I sincerely would like to ask President Trump to urge China’s Xi Jinping to stop repatriation of North Koreans so that they can attain their dreams of freedom.”

And they want him to keep up the pressure on North Korea with sanctions.

“It’ll take an insurgency against the regime to bring about a revolution,” said Ri Sun Kyong, who arrived to South Korea in 2002. “Every single country in the world should not help (North Korea) in any way. Instead, they should increase pressure so an insurgency takes place.”

Trump, who has signed a sweeping executive order increasing U.S. authority to sanction companies that finance trade with North Korea, has said all options are on the table in dealing with Kim.

Amid the leaders’ war of words — Trump has said if Pyongyang launches an attack on the U.S. or its allies, there is “no choice but to totally destroy North Korea,” and Kim has said, “I will surely and definitely tame the mentally deranged U.S. dotard with fire” — the Trump administration has also been pushing other countries to end or curtail their diplomatic ties to North Korea. (VOA)