Bayer’s Monsanto bid to create biggest agricultural supplier

German drugs giant Bayer has made a $62bn (£43bn) offer for Monsanto, in a deal that would create the world’s biggest agricultural supplier.

Bayer said the bid was an “extraordinary opportunity to create a global agriculture leader.”

Monsanto is primarily known for genetically modified crops, often leading to vocal activist criticism.

Last week, news of the deal angered Bayer investors, with one describing it as “arrogant empire-building”. Continue reading

Greece’s Yanis Varoufakis prepares for economic siege as companies issue private currencies

Greek finance minister says the country has a six-month stock of oil and four months of pharmaceuticals

Greece has stockpiled enough reserves of fuel and pharmaceutical supplies to withstand a long siege, and has set aside emergency funding to cover all the country’s vitally-needed food imports.

Yanis Varoufakis, the Greek finance minister, said the left-Wing Syriza government is still working on the assumption that Europe’s creditor powers will return to the negotiating table if the Greek people don’t agree to their austerity demands in a referendum on Sunday, but it stands ready to fight unless it secures major debt relief.

“Luckily we have six months stocks of oil and four months stocks of pharmaceuticals,” he told The Telegraph.

Continue reading

China Seeks Weaker Export Controls on Military Equipment

The Clintons helped the Chinese modernize and eventually become on par with American military might, whereas the Obamas will aid them in surpassing American military might. The USA is in grave danger but sadly most Americans are too busy worrying about how their favorite NFL team will perform next Sunday afternoon.

Rep. Frank Wolf (R., Va.) seems to have finally awakened from his sleep to the threat within this case, but is still only “surprised” — yet doesn’t know this has been going on for decades.

Additional sources on the Clinton-China connection:

Source 1

Source 2

China asks Obama administration to loosen controls on exports of high-tech military goods and lift all sanctions

China has supplied the Obama administration with a detailed list of space, military, and defense technology controls that it wants changed, and an interagency review is underway to meet some of Beijing’s demands, according to U.S. officials.

The Chinese government list of U.S. defense and dual-use civilian-military trade controls and policy changes was sent recently to the Commerce Department in preparation for an upcoming meeting of the U.S.-China Joint Commission on Commerce and Trade (JCCT).

The request includes lifting all sanctions imposed by Congress after the 1989 Tiananmen Square massacre; permitting transfers of 15 Black Hawk engines for helicopters sold in the 1980s prior to those sanctions; and the lifting of U.S. sanctions on five Chinese companies involved in past illicit arms sales to Iran, and other rogue states, according to officials familiar with internal reports. Continue reading