Friday, September 30, 2011
Alan Simpson: Senior Citizens “Greediest Generation”
Alan Simpson, Senator from Wyoming ,
Co-Chair of Deficit Commission
Says Senior Citizens
“Greediest Generation”
Social Security
“Milk Cow with 310 million teats”.
August, 2010.
------------------------------------------------------------------------------------------------------------
"Hey Alan, let's get a few things straight..
1. As a career politician, you have been on the public tit for FIFTY
YEARS.
2.. I have been paying Social Security taxes for 48 YEARS (since I was 15
years old. I am now 63).
3 My Social Security payments, and those of millions of other
Americans, were safely tucked away in an interest bearing account for
decades until you political pukes decided to raid the account and give
OUR money to a bunch of zero ambition losers in return for votes, thus
bankrupting the system and turning Social Security into a Ponzi scheme
that would have made Bernie Madoff proud.
4. Recently, just like Lucy & Charlie Brown, you and your ilk pulled the
Proverbial football away from millions of American seniors nearing
Retirement and moved the goalposts for full retirement from age 65 to
age 67. NOW, you and your shill commission are proposing to move the
goal posts
YET AGAIN.
5 I, and millions of other Americans, have been paying into Medicare
from Day One, and now you morons propose to change the rules of the
game.. Why? Because you idiots mismanaged other parts of the economy
to such an extent that you need to steal money from Medicare to pay
the bills.
6. I, and millions of other Americans, have been paying income taxes our
entire lives, and now you propose to increase our taxes yet again.
Why?
Because you incompetent S.O.B’s spent our money so profligately that
you just kept on spending even after you ran out of money. Now, you come
to the American taxpayers and say you need more to pay off YOUR debt.
~~~~~~~~~~~~~~~~~~
To add insult to injury, you label us "greedy" for calling "bullshit" on
your incompetence. Well, Captain Bullshit, I have a few questions for
YOU.
1. How much money have you earned from the American taxpayers during
your pathetic 50-year political career?
2. At what age did you retire from your pathetic political career, and
how much are you receiving in annual retirement benefits from the
American taxpayers?
3. How much do you pay for YOUR government provided health insurance?
4. What cuts in YOUR retirement and healthcare benefits are you
proposing in your disgusting deficit reduction proposal, or, as usual,
have you exempted yourself and your political cronies?
It is you, Captain Bullshit, and your political co-conspirators called
Congress who are the "greedy" ones. It is you and your fellow nutcases
who have bankrupted America and stolen the American dream from
millions of loyal, patriotic taxpayers.
And for what?
Votes.
That's right,
You and yours have bankrupted America for the sole purpose of
advancing your pathetic political careers. You know it, we know it, and
you know that we know it.
And you can take that to the bank, you miserable excuse for a human being.
If you agree with what this fellow citizen says,
PASS IT ON!!!!
Alexandria Baptist Church, Baptism and Chicken Dinners
By Elizabeth Morrow Cooley
Written in 1946
Written in 1946
This condensed history is reprinted here with the permission of the director of the Family History Center in Norwood, Ohio, Alma Ryan. It is intended for the free use of researchers and not to be sold.
Among the early settlers of the region where Alexandria now stands were the Spilmans, who came from Fairfax and King George Counties in Virginia via the Ohio River; the Morins from Culpepper County, Virginia who came down the Ohio landing at Limestone (Maysville) in the fall of 1790; the Bakers of Westmoreland County, Pennsylvania; the Reileys of Cecil County, Maryland and Washington County Pennsylvania; the Whites of Orange County, Virginia; the Thatchers; the Shaws from Virginia and the Bealls. Heads of these pioneer families were Frank and James Spilman, Conyers and Jacob White, Benjamin Beall, Daniel Thatcher, Edward Morin, John Reiley, John Baker, and John, James, David, and Robert Shaw.
Frank Spilman is said to have given this settlement the name of Alexandria as early as 1793 having come with his family from Alexandria, Virginia. The first written record found referring to the town, is in the old records of the Alexandria Baptist Church bearing the date of 1820. In 1828 Frank Spilman left in his will "twelve acres to be reserved as a site for the town of Alexandria". On February 22, 1834 the State Legislature incorporated the town of Alexandria.
The first log cabin built by Frank Spilman stood in front of the old cemetery adjacent to the First Baptist Church on the Alexandria Pike in the heart of town. Another log cabin built by members of the Spilman family was on the old state road about a half mile west of the town. This old home last owned by members of the family of Marshall Keiser and is wife Mary Spilman, was destroyed by fire about 1940.
The old Christian Church, brick in structure, stood on the lot next door to the present Evangelical and Reformed Church on West Main Street. The old Lutheran Church, on property given by Benjamin D Beall, stood at the southeast end of Jefferson Street. The Methodist Episcopal Church North was erected in 1867 on Alexandria Pike on property that had belonged to the Spilman and White families. It was razed in 1935. The Griffey Hotel with its long veranda facing across the valley, stood on West Main Street west of Jefferson. It was a very popular place in the early days of Alexandria as the county seat. It was run by William Griffey and his wife, Dorinda Brown. On court days a crowd would assemble there to feast on the wonderful home cooking of Dorinda Griffey whose "cornbread was better than cake".
The oldest place still standing near the heart of the town, is the old log cabin built by Daniel Thatcher. It is now covered with clapboards and is opposite the Campbell County High School. It was owned by members of his family until 1934 when William Thatcher died. Later Daniel built another log cabin across the road from his first one and slightly to the north. At this farm which he called "High View Farm", he had a distillery, the mash of which he fed to his cattle and pigs. Here Daniel lived until his death in 1813. He gave his first cabin to his son, Daniel Allen Thatcher and his wife, Eliza Reiley. Today this farm, part of the original purchased by Daniel in 1806, is owned by Jack Thatcher.
In the early days of the life of town there were three churches; the Baptist, the Methodist, and the Christian. On April 17, 1820, a number of persons met at the home of William DeCoursey to form a Baptist Church. The first minister was Rev. Absalom Graves. The first Methodist Church was built of logs and on William Reiley’s property. The minister of the Christian Church challenged the minister of the Methodist Church to a debate on the correct method of baptism. The debate went on for three weeks and proved to be a draw. During this time, however, all the chickens and turkeys in the county were eaten, so they finally decided to go home and each baptize in his own way.
The second oldest road established in Kentucky was the Old State Road from Newport to Winchester through Alexandria, Falmouth, Cynthiana, and Paris. It was established by an act of the Legislature in 1836. In 1846 commissioners for this road were named; Henry E Spilman, William Griffey, Benjamin D Beall, Fred Brown, and John Thomas. It was over this Old State Road to Lexington that the stagecoaches made their colorful and adventuresome trips for years. Toll gates were setup on the Alexandria Pike, the Licking Pike, and Persimmon Grove Pike. The last of these closed down in 1922.
The first courts met at Wilmington, on the Licking, 22 miles from Newport, but in 1827 a law was passed fixing it at Visalia. In 1840 it was moved to Newport as it was the center of the county. That same year Kenton County was formed out of part of Campbell County, and the "center" idea prevailed and Alexandria became the county seat. The construction of the county courthouse began in 1840, made out of red brick which was burned at the brick kiln owned by the Spilman family. The Rev. James Jolly, minister of the Alexandria Baptist Church is said to have done most of the work himself, having been a mason and brick layer by trade. The first term of the County Court was held in the old brick Baptist Church starting Monday, May 25, 1840. The first court held in the courthouse was on December 26, 1842. On November 14, 1845, the heirs of Frank and Rebecca Spilman deeded the courthouse property to the town of Alexandria.
The Alexandria Fair is an old institution. The Agricultural Society of Campbell County was organized in 1856 for the benefit of the farmer. Once a year the farmer was able to display his stock and farm produce at the Fair. Many sales and exchanges were made, premiums were given for the best animals, and all handiwork made by the housewives. From the Fair, the band went to the homes of some of the officials of the Fair and serenaded them. Luncheon parties and dances were held. The first Alexandria Fair was held at the fair grounds October 14, 15, 16, and 17, 1856. Among the first officers of the Agricultural Society were, George W Reiley, Richard Tarvin Baker, Edward Morin, Alexander Caldwell, Edward Spilman, James Shaw, Charles Muran, and H K Rachfo
Thursday, September 29, 2011
Robert K. Thomas Letter: On Saponi Collins Family
On Saponi Collins Family
Robert K. Thomas Letter
By: Scott Preston Collins ·
This is a site that is dedicated to Robert K. Thomas since he died in 1991, and they graciously have collected his writings offering them to the public to read for free. They are a must read to be sure.
http://works.bepress.com/robert_thomas/
Letter from Robert K. : On Collins Being Saponi
This is from a letter received from Frankie Blackburn,
Co-researcher with Brenda Collins Dillon
--------------------------------------------------------------------------------------------------
"For more than two centuries, the Sappony have made their home in the High Plains, an area of the central Piedmont straddling the North Carolina–Virginia border. They represent a band of Sappony who remained in this area between Mayo and Blewing Creeks and the Hyco River when a large band of the tribe moved north and joined the Iroquois in 1753." NC Museum of History
-------------------------------------------------------------------------------------------------
April 13, 1999
April 13, 1999
Dear Cousin
Scott,
It was great to hear from you. I received your letter and pedigree
chart on Saturday and another letter today. I too, was disappointed that the
editors of the Appalachian Quarterly did not include my address with the
article. I am sure I would have heard from more people, since they did inform me
that all copies were sold out! Who is the “Paul” you speak of? Is he in Indianapolis? I have corresponded with a Paul Collins of Indianapolis. He said the lady on the front of the Appalachian Quarterly was his grandmother. He is also a descendant of Griffin Collins Sr.
I am convinced that Griffin Collins and David Collins are very closely related. In Lewis Collins’ pension application, he said that he “went to his fathers house in
Montgomery County, VA in the 1780’s“. Some of the Collins living there at
that time were John, John Jr., and David. I was convinced that David was
Griffin’s father, but now I am not sure, as it may be Lewis. Lewis and Griffin
are always found living in Close proximity to each other. I do believe that
David and Lewis are brothers and sons of John. I am also convinced that this
Collins family is of the Saponi Tribe. There is just too much evidence to ignore.
I am in contact with a professor at Vanderbilt University. He is writing an article for the Appalachian Journal, which is published in Boone, N.C. He says that he will prove that our Collins men are remnants of the Saponi. He also says he will
rebuke Dr. Kennedy’s theory on the Melungeons. He asked to use a picture of my
grandfather (Collins) and my great grandfather (Bowling) in his article, and I
obliged. He is not sure if they will use the photos, but it will be interesting
reading for sure! I can’t wait to read it. I will send you a copy as soon as I
get one myself. At the end of this letter, I have copied a transcribed letter,
It was submitted by a Ms. Kerri Conley that was written in 1980. This proves that folks have been musing over the “Saponi Connection” for some time now. We need to try and get in contact with Kerri Conley to find out if there is an original with Robert K. Thomas' signature.
Yes, I know what you mean about some of the Collins researchers. There is one who will only research David Collins, and will not give out one word of information on any other Collins he has run across in his research. I am all for sharing and searching together. I believe if enough of us put our heads and information together, we can solve this great “mystery” surrounding our family. I also joined (and have since left) the Melungeon e-mail List. It is a forum for people who are researching the Melungeons to share ideas and family information. It is supposed to be used to research the origin of the Melungeons, but some of the folks are just too radical and end up in a big fuss. I just gave up on it and continue to do my own research, with the help of others. I would someday like to write a book on our family, but right now, work and family will not permit such an undertaking.Here is the letter written to a lady in *****, VA in 1980, submitted by Keri Conley:
August
12, 1980
Dear Mrs.******
I am writing to you to thank you and your husband for your kindness to me when I was in Coeburn last month. I am now finished with my survey of the Indian groups in the southern Appalachian area and am back in Michigan. Since you seemed interested in the history of the Collins family in your area, I will pass along to you what I know of their
history.
As far as I can determine, all the Collins of Northeastern Tennessee, Southeastern Virginia, and Eastern Kentucky are descendants of one household of Collins who resided in Orange County, N.C. in 1760: a family of Saponi Indians. I know that it must be “mind-boggling” to imagine that the thousands of Collinses in your area are all descended from just one household, but such is the case. Further, this is not so amazing as it sounds.
It is common among pre-Revolutionary American families. For instance, all the Carters in the South are descended from three brothers who came to Virginia in the late
1600’s.
Let me start at the beginning , with the Saponi Indians.
The Saponi were an advanced tribe who originally lived on the Roanoke River about where it crosses over into North Carolina from Virginia. In the late 1660’s, they moved
further west to the area of modern Clarksville, VA. Here they allied with the
neighboring Tutelo and Occanuki Indians. All of these tribes spoke similar
languages, a variety of language akin to modern Sioux of the Dakotas. In the
1670’s, they got into a war with Virginia whites, the so-called Bacon Rebellion,
and moved west to the Yadkin Valley around modern Winston Salem. In the early
1700’s, the Saponi started migrating east, returning to their original homeland.
In 1714 Governor Spotswood of Virginia established Ft. Christanna
near modern Lawrenceville,VA and convinced the Saponi, Occanuki, and Tutelo to settle there. In about 1722, the Tutelo left and joined the Iroquois in New York and during the Revolution, fled to Canada where they now live on the Six
Nations Reserve near Brantford, Ontario. The Occanuki were absorbed by the
Saponi in this period. About 1728, the Saponi became involved in a war with
the Tuscarora and Nottowa Indians who lived further east. They fled from Ft.
Christanna, and went to live with the Catawba in South Carolina.
In the early 1740’s, the Saponi left the Catawba country and started north. By 1740, Collins and Bowling (Scien, Bolling, etc.) were common family names among the Saponi. One band of Saponi headed north to the Iroquois area and were adopted by the Cayuga and Seneca. There are descendants of the Saponi now on the Caltaraugus’s reservation near Buffalo; some of them named Collins. [We need to find these Collins among the reserve.] Another band of Saponi stopped in North Carolina and settled on the plantation of Colonel William Eaton, near what is nowHenderson, N.C. The Saponi had fought with Eaton in the wars with the Ohio Valley tribes. Eaton’s plantation was on the frontier and the Saponi were, no doubt, his protectors.
Around 1750, several tribes further east --- the Nansemond, Yeopin, and Poroskite --- lost their lands and began to fragment into individual family groups. These Indian families began to migrate to the frontier and settle near the Saponi. In 1760, Eaton died and the frontier had moved on. The Saponi lost their land base then and also began to fragment into individual families, and move west. In 1760’s, I can pick up the Collins in Orange County, on the frontier, west of Hendersonville, N.C. By 1790, many of these Indian families, including the Collinses, had “bunched up” in the counties of extreme northeastern North Carolina. Then in the 1790’s, they spread all over Northeastern Tennessee, Southwestern Virginia, and over into what is now Letcher and Knott Counties, Kentucky. Many of them , like the Bollings of Wise County, became prominent families in their areas.
Then, in the 1830’s, Virginia became one of the more consciously racist and deliberately elitist states in the Union. First, most poor whites were disenfranchised by a property value requirement; most Virginians west of the Blue Ridge, as well as the poor further east, could not legally vote in Virginia. Further, a new legal category included citizen Indians, free blacks, and all non-whites. These “free colored” could not vote, bear arms, travel freely, etc. In southwest Virginia and neighboring parts of Tennessee, the more established Indian families “weathered the storm”.
The Bollings in Wise County, redefined their status as being descendants of
Pocahontas and John Rolfe, thus escaping the free colored category. Other
families who were less wealthy, darker, and concentrated in one area, got caught
in the free colored category; and, thus the Melungeons of southern Wise County
came into existence.
By 1840, the situation became intolerable for some Indians in Southwest Virginia, and they began to head for Kentucky, a less repressive social and legal atmosphere. In the 1840’s, three Collins families moved into Kentucky, into Letcher County. In the 1850’s, two Collins families moved to Johnson County, just south of Paintsville (Grandpap William Collins and brother). {Frankie’s note here: This is where my 2nd great grandparents Griffin and Rachael Collins went also, and were listed as Mulatto on Johnson County census records} These Collinses were very Indian looking and dark. They must have been almost full-blood Indians.
In Virginia, Tennessee, and North Carolina, Indians were just another variety of “n----r” in the 1850’s, but Kentucky was much more liberal, at least in regards to Indians.
By World War I, the situation had changed. Being Indian had almost a romantic prestige about it, and many families like the Collinses in Kentucky, had become successful mainstream citizens. It was at this piont that the Melungeons began to be seen as possibly being part black, in order to explain their low rank and exclusion.
Of course, the Collinses did not stop in Johnson County. The lower Big Sandy drainage and Southern Ohio is full of Collinses who migrated to those areas from further south in Kentucky and Virginia after the Civil War. [Where are all these Collins?]
Not all the Collinses headed west in 1760 after Colonel Eaton died. Some few went south to what is now Robeson County, North Carolina, and became part of the modern Lumbee Indians in that region. The history of the Collins family is both remarkable and fascinating. They are almost an “ethnic group” all by themselves. There are Seneca Cayuga Collinses in New York [Again we need to find these Collins families], White and Melungeon Collinses in east Tennessee and Southeast Virginia, part-Indian Collinses all down the Big Sandy and into Southern Ohio, Lumbee Indian Collinses in North Carolina --- all, at least distantly, related and all descended from two or three households of Saponi Indians in 1740.
Someone should write a novel about your family; at least, you should rent a stadium and have a family reunion. What an “outfit”! I hope this brief sketch of the Collins family history repays you for your kindness to me, some small measure.
Sincerely,
Robert K.Thomas
1980, submitted by Keri Conley:
August
12, 1980
Network Analysis Reveals ‘Super Entity’ of Global Corporate Control
In the first such analysis ever conducted, Swiss economic researchers have conducted a global network analysis of the most powerful transnational corporations (TNCs). Their results have revealed a core of 787 firms with control of 80% of this network, and a “super entity” comprised of 147 corporations that have a controlling interest in 40% of the network’s TNCs.
[Note to the reader: see the very end of this article for a ranking of the top 50 'control holders']
When we hear conspiracy theorist talk about this or that powerful group (or alliance of said groups) “pulling strings” behind the scenes, we tend to dismiss or minimize such claims, even though, deep down, we may suspect that there’s some degree of truth to it, however distorted by the theorists’ slightly paranoid perception of the world. But perhaps our tendency to dismiss such claims as exaggerations (at best) comes from our inability to get even a slight grip on the complexity of global corporate ownership; it’s all too vast and complicated to get any clear sense of the reality.
But now we have the results of a global network analysis (Vitali, Glattfelder, Battiston) that, for the first time, lays bare the “architecture” of the global ownership network. In the paper abstract, the authors state:
“We present the first investigation of the architecture of the international ownership network, along with the computation of the control held by each global player. We find that transnational corporations form a giant bow-tie structure* and that a large portion of control flows to a small tightly-knit core of financial institutions. This core can be seen as an economic “super-entity” that raises new important issues both for researchers and policy makers.” [emphasis added]
* This “bow tie” structure is similar to the structure of the WWW (analyzing for most influential/most trafficked websites); see diagram below.
Data from previous studies neither fully supported nor completely disproved the idea that a small handful of powerful corporations dominate much or most of the world’s commerce. The researchers acknowledge previous attempts to analyze such networks, but note that these were limited in scope to national networks which “neglected the structure of control at a global level.”
What was needed, assert the researchers, was a complex network analysis.
“A quantitative investigation is not a trivial task because firms may exert control over other firms via a web of direct and indirect ownership relations which extends over many countries. Therefore, a complex network analysis is needed in order to uncover the structure of control and its implications. “
To start their analysis, the researchers began with a list of 43,060 TNCs which were taken from a sample of 30 million “economic actors” contained in the Orbis 2007 database [see end note]. TNCs were identified according to the Organization of Economic Co-operation and Development (OECD) definition of a transnational corporation [see end note]. They next applied a recursive search algorithm which singled out the “network of all the ownership pathways originating from and pointing to these TNCs.”
The resulting TNC network includes 600,508 nodes and 1,006,987 ownership ties.
In terms of the connectivity of the network, the researchers found that it consists of many small connected components, but the largest one (encompassing 3/4 of all nodes) “contains all the top TNCs by economic value, accounting for 94.2% of the total TNC operating revenue.”
Two generalized characteristics were identified:
1] A strongly connected component (SCC), that is, a set of firms in which every member owns directly and/or indirectly shares in every other member. The emergence of such a structure can be explained as a means of preventing take-overs, reducing transaction costs, risk sharing and increasing trust between “groups of interest.”
and
2] The largest connect[ed] component contains only one dominant, strongly connected component (comprised of 1347 nodes). This network, like the WWW, has a bow tie structure. What’s more, they found that this component, or core, is also very densely connected; on average, members of this core have ties to 20 other members. “Top actors” occupy the center of the bow tie. In fact, a randomly chosen TNC in the core has about 50% chance of also being among the top holders, as compared to, for example, 6% for the in-section. [emphasis added]
“As a result, about 3/4 of the ownership of firms in the core remains in the hands of firms of the core itself. In other words, this is a tightly-knit group of corporations that cumulatively hold the majority share of each other.”
In examining the details of this core, the analysis also showed that only 737 top holders accumulate 80% of the control over the value of all TNCs (in the analyzed network). Further,
“…despite its small size, the core holds collectively a large fraction of the total network control. In detail, nearly 4/10 of the control over the economic value of TNCs in the world is held, via a complicated web of ownership relations, by a group of 147 TNCs in the core, which has almost full control over itself. The top holders within the core can thus be thought of as an economic “super-entity” in the global network of corporations.” [emphasis added]
Concerning the implications of this super entity, the researchers asked two fundamental questions: First, what are the implications for market competition, and, second, what are the implications for economic stability?
Regarding the first question, the authors assert that no matter the origin of the SCC, due to its high degree of TNC network control, “it weakens market competition”.
It is clear just from the history of anti-trust laws in this country (the U.S.) that concentrated ownership stifles free market competition and innovation, reduces over-all employment, and leads to excessive pricing.
In regards to the second question, the researchers note that “the existence of such a core in the global market was never documented before and thus, so far, no scientific study demonstrates or excludes that this international ‘super-entity’ has ever acted as a bloc.“
However, there is historical data — such as within the airline, auto and steel industries — supporting this possibility.
“…top holders are at least in the position to exert considerable control, either formally (e.g., voting in shareholder and board meetings) or via informal negotiations.”
Additionally, recent studies (Stiglitz J.E., 2010, Battiston S. et al, 2009) have shown that densely connected financial networks are highly susceptible to systemic risk. Despite the fact that such networks may seem robust in good economic times, in times of crisis however, member firms tend to enter ‘distress mode’ simultaneously. This was seen recently in the 2008 (“near”) financial collapse (note: 3/4 of the network core in this analysis are financial intermediaries).
Calling their findings “remarkable”, they suggest that because “international data sets as well as methods to handle large networks became available only very recently, [this] may explain how this finding could go unnoticed for so long.”
While the researchers acknowledge that verifying whether the implications of their findings “hold true for the global economy” is beyond the scope of their current research, they assert that their unprecedented attempt to uncover the structure of corporate control is “a necessary precondition for future investigations.”
The paper, The network of global corporate control (Vitali, Glattfelder, Battiston) was published July 26, 2011, on arXiv.org
End Notes:
The Orbis 2007 marketing database comprises about 37 million economic actors, both physical persons and firms located in 194 countries, and roughly 13 million directed and weighted ownership links (equity relations). This data set is intended to track control relationships rather than patrimonial relationships. Whenever available, the percentage of ownership refers to shares associated with voting rights. Accordingly, we select those companies which hold at least 10% of shares in companies located in more than one country. Overall we obtain a list of 43,060 TNCs located in 116 different countries, with 5675 TNCs quoted in stock markets.
The definition of TNCs given by the OECD states that they “…comprise companies and other entities established in more than one country and so linked that they may coordinate their operations in various ways…”
= = = = = = = = = = = = = = = = = = = = =
Top 50 Control-Holders Ranking:
{source: the following is quoted directly from the research paper]
This is the first time a ranking of economic actors by global control is presented. Notice that many actors belong to the financial sector (NACE codes starting with 65,66,67) and many of the names are well-known global players.
The interest of this ranking is not that it exposes unsuspected powerful players. Instead, it shows that many of the top actors belong to the core. This means that they do not carry out their business in isolation but, on the contrary, they are tied together in an extremely entangled web of control. This finding is extremely important since there was no prior economic theory or empirical evidence regarding whether and how top players are connected.
Shareholders are ranked by network control (according to the threshold model, TM). Columns indicate country, NACE industrial sector code, actor’s position in the bow-tie sections, cumulative network control. Notice that NACE codes starting with 65,66, or 67 belong to the financial sector.
Rank , Economic actor name, Country, NACE code, Network Cumul. Network position, control (TM, %)
1 BARCLAYS PLC GB 6512 SCC 4.05
2 CAPITAL GROUP COMPANIES INC, THE US 6713 IN 6.66
3 FMR CORP US 6713 IN 8.94
4 AXA FR 6712 SCC 11.21
5 STATE STREET CORPORATION US 6713 SCC 13.02
6 JP MORGAN CHASE & CO. US 6512 SCC 14.55
7 LEGAL & GENERAL GROUP PLC GB 6603 SCC 16.02
8 VANGUARD GROUP, INC., THE US 7415 IN 17.25
9 UBS AG CH 6512 SCC 18.46
10 MERRILL LYNCH & CO., INC. US 6712 SCC 19.45
11 WELLINGTON MANAGEMENT CO. L.L.P. US 6713 IN 20.33
12 DEUTSCHE BANK AG DE 6512 SCC 21.17
13 FRANKLIN RESOURCES, INC. US 6512 SCC 21.99
14 CREDIT SUISSE GROUP CH 6512 SCC 22.81
15 WALTON ENTERPRISES LLC US 2923 T&T 23.56
16 BANK OF NEWYORKMELLON CORP. US 6512 IN 24.28
17 NATIXIS FR 6512 SCC 24.98
18 GOLDMAN SACHS GROUP, INC., THE US 6712 SCC 25.64
19 T. ROWEPRICE GROUP, INC. US 6713 SCC 26.29
20 LEGG MASON, INC. US 6712 SCC 26.92
21 MORGAN STANLEY US 6712 SCC 27.56
22 MITSUBISHI UFJ FINANCIAL GROUP, INC. JP 6512 SCC 28.16
23 NORTHERN TRUST CORPORATION US 6512 SCC 28.72
24 SOCIÉTÉ GÉNÉRALE FR 6512 SCC 29.26
25 BANK OF AMERICA CORPORATION US 6512 SCC 29.79
26 LLOYDS TSB GROUPPLCGB 6512 SCC 30.30
27 INVESCOPLCGB 6523 SCC 30.82
28 ALLIANZSE DE 7415 SCC 31.32
29 TIAA US 6601 IN 32.24
30 OLD MUTUAL PUBLIC LIMITED COMPANY GB 6601 SCC 32.69
31 AVIVAPLC GB 6601 SCC 33.14
32 SCHRODERSPLC GB 6712 SCC 33.57
33 DODGE & COX US 7415 IN 34.00
34 LEHMAN BROTHERS HOLDINGS, INC. US 6712 SCC 34.43
35 SUN LIFE FINANCIAL, INC. CA 6601 SCC 34.82
36 STANDARDLIFEPLCGB 6601 SCC 35.2
37 CNCE FR 6512 SCC 35.57
38 NOMURA HOLDINGS, INC. JP 6512 SCC 35.92
39 THE DEPOSITORY TRUST COMPANY US 6512 IN 36.28
40 MASSACHUSETTS MUTUAL LIFE INSUR. US 6601 IN 36.63
41 INGGROEP N.V. NL 6603 SCC 36.96
42 BRANDES INVESTMENT PARTNERS, L.P. US 6713 IN 37.29
43 UNICREDITO ITALIANO SPA IT 6512 SCC 37.61
44 DEPOSIT INSURANCE CORPORATION OF JP JP 6511 IN 37.93
45 VERENIGING AEGON NL 6512 IN 38.25
46 BNPPARIBAS FR 6512 SCC 38.56
47 AFFILIATED MANAGERS GROUP, INC. US 6713 SCC 38.88
48 RESONA HOLDINGS, INC. JP 6512 SCC 39.18
49 CAPITAL GROUP INTERNATIONAL, INC. US 7414 IN 39.48
50 CHINA PETROCHEMICAL GROUP CO. CN 6511 T&T 39.78
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Tags:
- "architecture" of the global ownership network
- "top actors"
- 147 TNCs in the core
- 2008 financial collapse
- 737 top holders
- acted as a bloc
- anti-trust laws
- auto and steel industries -
- Battiston
- bow tie structure
- complex network analysis
- complexity of global corporate ownership
- concentrated ownership
- connectivity of the network
- core
- densely connected financial networks
- distress mode
- dominate much or most of the world's commerce.
- economic actors
- economic value
- extremely entangled web of control
- Glattfelder
- global economy
- global network analysis
- global player
- implications for economic stability
- implications for market competition
- informal negotiations
- international economic policies
- largest connected component
- many small connected components
- methods to handle large networks
- NACE codes
- nodes
- OECD
- Orbis 2007 database
- Organization of Economic Co-operation and Development
- ownership of firms in the core
- ownership ties
- powerful transnational corporations
- preventing take-overs
- quantitative investigation
- ranked by network control
- ranking of top 50 'control holders'
- recursive search
- reducing transaction costs
- risk sharing
- SCC
- stifles "free market" competition
- Strongly Connected Component
- structure of control at a global level
- structure of corporate control
- super entity
- susceptible to systemic risk
- the airline
- The network of global corporate control
- the structure of control and its implications
- Threshold Model
- tightly-knit group of corporations
- TM
- TNCs
- total TNC operating revenue
- transnational corporations
- trust between "groups of interest."
- tubes and tendrils
- Vitali
- voting in shareholder and board meetings
- weakens market competition
- financial intermediaries
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Please accept my apologies. I simply wanted to report the issue of fed snooping on those who would denigrate the bank. I see that you have truncated to article nicely and highlighted the only point that wanted to convey. You assessment of the overall article is about the same as mine. Like you I have little sympathy for the Lib/Paul issues and positions. I am a strong proponent of more regulation of the markets and I certainly am an ENVIRONMENTALIST to the core.
So, thank you for having my back and also the keen perception to have identified the point that I wanted to make.
Edward