Five Stunning Facts About America’s Prison System You Haven’t Heard

Submitted by Sean Kerrigan via SeanKerrigan.com,

We’ve done several exposés on the prison system in America, including The Prison System Runs Amok, Expands at Frightening Pace (Sept 6, 2012) and Selling the American Dream is the Biggest Market of All (Sept. 30, 2013), but there’s still much more to be said about this topic. America’s massive prison system is creating a long list of unintended consequences, some of which will effect all of us in the coming years. To help explain just how bad things have gotten, we’ve compiled this list of the most stunning facts and statistics on the America’s prison system today. 

1) Because of its prison system, the US is the only country in the world where more men are raped than women.

According to the 2011 report from Department of Justice, nearly one in 10 prisoners report having been raped or sexually assaulted by other inmates, staff or both. According to a revised report from the US Department of Justice, there were 216,000 victims of rape in US prisons in 2008. That is roughly 600 a day or 25 every hour.

Those numbers are of victims, not instances, which would be much higher since many victims were reportedly assaulted multiple times throughout the year. Excluding prison rapes, there about 200,000 rapes per year in America, and roughly 91 percent of those victims are women. If these numbers are accurate, this means that America is the only country in the world where more men are raped than women.

Even if the number of unreported rapes outside of prison were substantially larger than most experts believe, the fact that many victims in prison tend to be raped repeatedly would indicate that rape against men is at least comparable to rape against women.

Kendell Spruce was one such inmate, sentenced to six years for forging a check for which he hoped to purchase crack cocaine. In a National Prison Rape Elimination Commission testimony, Spruce said:

“I was raped by at least 27 different inmates over a nine month period. I don’t have to tell you that it was the worst nine months of my life… [I] was sent into protective custody. But I wasn’t safe there either. They put all kinds of people in protective custody, including sexual predators. I was put in a cell with a rapist who had full-blown AIDS. Within two days, he forced me to give him oral sex and anally raped me.”

Spruce was diagnosed with “full blown AIDS” in 2002 and died three years later.

2) There are more black slaves in America today than in 1850.

This sounds outrageous. How can there be more slaves in America today than before the Civil War? First, consider there are more black men in prison today than there were slaves in 1850, according to Michelle Alexander, an Ohio State law professor, who cited the last census immediately before the Civil War. This comparison not account for changes in population, but the statistic is accurate in terms of sheer numbers .

Next, consider the 13th Amendment to the constitution which reads:

“Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction.”

Note there is an exception to the otherwise total abolition of slavery. Those suffering “punishment for a crime” can still be constitutionally enslaved. In other words, everyone convicted of a crime is at least potentially a slave.  The Supreme Court has not ruled on whether or not they technically are slaves, but practically it is obvious they are.

Slavery has different definitions, but almost all include the following characteristics: 1) A slave is forced to work under threat of physical or psychological threat. 2) A slave is considered owned property, an asset or commodity which can be sold. Finally, a slave has restrictions on their liberties, including freedom of movement. Right or wrong, a US prison inmate easily meets this criteria.

Prisoners can be denied communication with their fellow inmates, or forbidden from voluntary associations including union membership. Obviously, they are denied their freedom to leave the prison, but they are also forced to work unpaid or for extremely low wages. Prisoners are effectively being bought and sold to private corporations who are using them as cheep labor for private gains. There is also a market for younger and healthier prisoners because their healthcare cost make them less expensive to hold. Private prison contracts allow the transfer of prisoners to state run institutions.

If this is not slavery, then what is?

3) Solitary confinement, widely used in American prisons, is regarded internationally as torture.

This form of punishment has become increasingly common in the US since it was introduced as a part of America’s then new “Supermax” prison system which began growing in the mid-1980s. Prisoners held in solitary confinement are typically kept in a small, windowless cell for 23 hours a day, with minimal access to lawyers, family and guards. The number of prisoners currently in solitary is estimated to be around 80,000, though the number is growing faster than the overall prison population, indicating the method is becoming increasingly normalized.

Solitary confinement is used against a variety of offenders, including those picked up for immigration violations, which is a misdemeanor or the legal equivalent of a reckless driving ticket. Others are placed in solitary confinement “for their own protection” since they may be a target of other violent inmates. There are few regulations prohibiting its use or duration.

The Sun Times reports that Former US Rep. Jesse Jackson Jr., who is currently serving a prisons sentence for breaking campaign finance laws, was removed from the general prison population and placed in solitary confinement for 5 days after “advising other inmates in North Carolina about their rights in prison, according to the source, who said a guard took exception to that.”

Human rights groups have called the practice torture. The Center for Constitutional Rights argues:

“Researchers have demonstrated that prolonged solitary confinement causes a persistent and heightened state of anxiety and nervousness, headaches, insomnia, lethargy or chronic tiredness, nightmares, heart palpitations, and fear of impending nervous breakdowns. Other documented effects include obsessive ruminations, confused thought processes, an oversensitivity to stimuli, irrational anger, social withdrawal, hallucinations, violent fantasies, emotional flatness, mood swings, chronic depression, feelings of overall deterioration, as well as suicidal ideation.”

This was known as far back as the 1890s, when the Supreme Court originally ruled on the practice. They noted then:

“A considerable number of the prisoners fell, after even a short confinement, into a semi-fatuous condition, from which it was next to impossible to arouse them, and others became violently insane; others still committed suicide, while those who stood the ordeal better were not generally reformed, and in most cases did not recover sufficient mental activity to be of any subsequent service to the community.”

Despite this admission, the practice itself wasn’t ruled on and the method is still used today.

4) The food served in prisons is often stale, moldy, under-cooked, unhealthy and scarce.

In the 1940s, prison food used to be good, offering a wide variety of options. Today, they call it “shit on a shingle.” The reality is not much worse. State budget cuts and the trend to privatize prisons and prison services has substantially cut food variety and quality.

Incentives to cut costs exist at the institutional and individual level. In Alabama, state law allows law enforcement to pocket leftover funds after feeding prisoners provided they can still provide for their basic needs. The incentive to cut on quality and quantity resulted in the arrest and sentencing of Morgan County Sheriff Greg Bartlett who kept over $200,000 in funds intended for prisoners. The judge concluded that Bartlett had failed to provide “a nutritionally adequate diet.”

In April 2008, 277 prisoners at Florida’s Santa Rosa Correctional Institution became sick after eating chili. The Tampa Bay Times repoted the Philadelphia based food provider, Aramark, “landed the state contract in 2001 and is currently paid $2.67 per inmate for three meals a day. It serves about 60,000 inmates across Florida and contends it has saved the state $100-million in food costs.” The chili story is not an anomaly; it has been repeated across the country including New Jersey, where Aramark also provides meals.

This video shows some of what prisoners in Alabama are forced to eat — rotten and  uncooked meat. It’s difficult to hear, but skip to 0:59 to get a good view of what the meat looks like.

Even when the food isn’t rotten, that doesn’t mean it is particularly appetizing. Occasionally, the food tastes so bad that it has been considered “unconstitutional” in some states. States like Illinois and Pennsylvania feed inmates a food called “Nutraloaf,” a mix of raw vegetables shaped like a meatloaf.  In this video, the staff of the Glens Fall Post Star newspaper taste test the block of food. They conclude, “One bite is one thing, but if you have to live on that, that is awful.”

Sickness and hunger are a common and increasingly accepted part of being a prisoner in America. In addition to stale and rotten food, servings are often extremely small. Truthdig columnist Chris Hedges quotes a prison inmate who said, “You could eat six portions like the ones we served and still be hungry. If we put more than the required portion on the tray the Aramark people would make us take it off. It wasn’t civilized. I lost 30 pounds. I would wake up at night and put toothpaste in my mouth to get rid of the hunger urge.” Read the rest of Truthdig’s expose for more.

5) Many prisoners are forced to work real jobs for private corporations, forcing down wages in the rest of the economy.

While cheap sweatshop labor is becoming increasingly common across the country, no one takes better advantage of the system than prisons.

Alternet reports that almost 1 million prisoners are doing simple unskilled labor including “making office furniture, working in call centers, fabricating body armor, taking hotel reservations, working in slaughterhouses, or manufacturing textiles, shoes, and clothing, while getting paid somewhere between 93 cents and $4.73 per day.” They continue:

“Rarely can you find workers so pliable, easy to control, stripped of political rights, and subject to martial discipline at the first sign of recalcitrance — unless, that is, you traveled back to the nineteenth century when convict labor was commonplace nationwide….  It was one vital way the United States became a modern industrial capitalist economy — at a moment, eerily like our own, when the mechanisms of capital accumulation were in crisis.”

Compare the cost of less than $5 a day with the cost of a minimum wage worker at $58 a day and you begin to see the perverse influence on the entire labor market.

CNN Money reports that prison inmates are now directly competing for jobs in the rest of the economy, and employers are finding it increasingly difficult to keep up. Lost jobs are the result. They cite one company, American Apparel Inc., which makes military uniforms. They write:

“‘We pay employees $9 on average,’ [a company executive] said. ‘They get full medical insurance, 401(k) plans and paid vacation. Yet we’re competing against a federal program that doesn’t pay any of that.’

[The private prison] is not required to pay its workers minimum wage and instead pays inmates 23 cents to $1.15 an hour. It doesn’t have health insurance costs. It also doesn’t shell out federal, state or local taxes.”

The new influx of cheap, domestic labor will inevitably drive down wages for both skilled and unskilled jobs.




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Citadel Blasts Lewis’ Flash Boys; Says “Small Investors Have Never Been So Fortunate”

Citadel’s head of Execution Services (cough HFT cough) Jamil Nazarali, proclaimed Monday that small investors have never been so fortunate and said, with regard to Michael Lewis’ now infamous book Flash Boys, “The most important thing that the market can do is stop… pointing fingers at everyone else.” Citadel, who allegedly provides the NY Fed’s VIX trading capabilities, are among the very largest high-frequency traders in the market (and the most levered), so it is hardly surprising that Citadel would like us all to stop pointing fingers at them. As Bloomberg reports, Nazarali said yesterday during a panel discussion at the Milken Institute Global Conference in Beverly Hills, California, “things are much better today than they were 10 to 15 years ago.”

 

As a gentle reminder, Citadel is the most levered fund (as an HFT hiding in a hedge fund)…

 

 

So it is hardly surprising that the head of execution services – another name for High-Frequency-Trading – would come out swinging against Flash Boys…

As Bloomberg reports, Michael Lewis produced a top-selling book by arguing that the U.S. stock market is rigged. To one of hedge-fund operator Citadel LLC’s top executives, small investors have never been more fortunate.

“It’s one of the few markets in the world where the little guy gets a better deal than the big guy,” Jamil Nazarali, the head of Citadel Execution Services, said yesterday during a panel discussion at the Milken Institute Global Conference in Beverly Hills, California. “Things are much better today than they were 10 to 15 years ago.”

Flash Boys specifically called out the likes of Citadel for the practice of paying for order flow…

Citadel’s role in that discussion stems from Nazarali’s unit, which pays brokerages including TD Ameritrade Holding Corp. for the right to execute orders placed by their customers, who tend to be individuals.

 

Lewis critiqued that practice, known as payment for order flow. Citadel’s rivals in that business include Citigroup Inc., UBS AG and KCG Holdings Inc. All are bound by rules meant to ensure they get the best price possible for investors.

 

Nazarali said yesterday that small investors often get better prices for their trades than the biggest firms.

Which is odd, as LiquidNet notes…

“If you are going to buy in bulk, you should get a better price than someone buying retail,” Liquidnet Chief Executive Officer Merrin said during a panel discussion with Nazarali. Giving the smallest investors a better deal than the biggest investors is “screwed up,” he said.

Merrin isn’t alone in arguing that large investors aren’t adequately served by the market’s current structure.

But Nazarali summed it up perfectly, when asked how to improve the perception among investors that the equity market is broken…

…more cohesion is needed…

 

“The most important thing that the market can do is stop the food fight where everyone is pointing fingers at everyone.”

In other words… we need to stick together… stop pointing fingers at us because you know as well as us that if you bring us down, it won’t end well.

We remain of the opinion that while HFT has gone off the headlines for the moment – and market rigging has been forgotten now we are rising again – that if and when the next big drop comes, there will be only one scapegoat…




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Silver – The World’s Most Undervalued Asset

Today’s AM fix was USD 1,289.75, EUR 930.02 and GBP 767.07 per ounce.              

Yesterday’s AM fix was USD 1,302.00, EUR 938.45 and GBP 772.79 per ounce.


Gold and silver fell for a second straight session today despite escalating tensions between Russia and the West.



Silver in U.S. Dollars, 2 Years – (Thomson Reuters)

Markets await this week’s U.S. jobs report and a Federal Reserve policy meeting for further hints regarding the fragile U.S. economy and the extent to which ultra loose monetary policies will continue.

Tensions between the West and Russia over Ukraine remained very high after the United States imposed new sanctions on key Russian business figures. This prompted Moscow to denounce “Cold War” tactics. President Obama announced the U.S. would impose a new round of sanctions on individuals and companies in Russia. Obama said the sanctions will focus on “some areas of high-tech defense exports” to Russia.


Violence continues in eastern Ukraine and risks deteriorating. The Cold War rhetoric and geopolitical risk is being overlooked for now.

In the physical markets, data showed China’s gold purchases via main conduit Hong Kong fell to a four-month low in March. Net gold imports totaled 80.6 metric tons in March, compared with 111.4 tons in February.


Imports remained very high in the first quarter and are on track to equal the record level of demand seen in 2013 (see chart).

Shanghai gold prices have now recovered to a premium of about $1 an ounce indicating a slight uptick in demand. An increase in physical demand across Asia appears to be providing a strong floor for gold.


Silver – The World’s Most Undervalued Asset

Silver dipped to $19.10/oz overnight and remains under pressure this morning . With the gold silver ratio at just over 66 ($1,290/$19.38/oz), silver remains a compelling buy at these levels.

The stealth phenomenon that is silver stackers or long term store of value buyers of silver coins and bars continues and is seen in the record levels of demand for silver eagles from the U.S. Mint.

The US Mint sold 13,879,000 ounces of me in Q1, 2014. This is just over 2% less than the 14,223,000 sold in the first quarter last year. March sales were the fourth-biggest month ever and the US Mint is now on pace to exceed 2013 totals.

Silver stackers remain the smart, informed buyers. They realise that silver is undervalued versus gold with the gold silver ratio at 66:1. This is particularly the case on a long term historical basis. The long term historical average, gold to silver ratio is 15:1.

This is because it is estimated that geologically there are some 15 parts of silver in the ground for every 1 part of gold. In 1980 the ratio nearly reached 15 ($850oz/$50oz=17) and the average in the 20th century has been around 40:1.



Silver is unique in terms of being both a monetary and an industrial metal. Silver’s industrial uses should mean that the gold silver ratio will likely gradually regress to the average in the last 100 hundred years. If the tiny silver market was to see significant investment funds enter it than the ratio could return closer to the historical average of 15:1 as it did as recently as 1980.

Silver is undervalued when compared with gold, platinum, palladium, base metals including copper, oil, stocks and the DJIA and Nasdaq, bonds and the U.S. dollar. Ted Butler has an excellent research note on this today with some excellent charts showing silver’s relative value to these benchmarks.

Silver at below $20/oz, remains less than half of its nominal record price in 1980 and very undervalued from a historical basis. The average nominal price of silver in 1979 and 1980 was $21.80/oz and $16.39/oz respectively.

There are very few, if any assets that remain at the same price levels as they were more than 30 years ago.

In today’s dollars and adjusted for inflation that would equate to an inflation adjusted average price of some $60/oz and $44/oz in 1979 and 1980. It is for this reason that we believe silver will be valued at well over $50/oz in the coming years and silver remains an incredible opportunity.


A picture or a chart truly is worth a thousand words and the chart above showing silver prices adjusted for inflation shows how undervalued silver remains.

Silver industrial and investment demand is increasing very significantly and meanwhile supply is falling. The fact that the huge majority of the investment public and financial services industry remains unaware of the fundamentals in silver means that the bull market in silver likely remains in its intermediate stage.


Silver, like gold, has been and is increasingly again being regarded by many investment managers as a great financial hedge against terrorism, war, fiat currency crises, deflation, inflation, stagflation and even the worst case scenario of hyperinflation.


Today, people in Iceland, Cyprus, Iran and Ukraine can attest to the value of silver as a store of value against currency devaluation.

Protect Your Wealth With Store Of Value Silver Eagles

 




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These Are The Three Charts That Just Sent Twitter Plunging To All Time Lows

In a repeat of last quarter, moments ago Twitter just reported strong earnings that beat expectations across the board, and guided higher:

  • Q1 revenue of $250.5 million, beating estimates of $241.5 million
  • Q1 non-GAAP EPS of $0.00, beating estimates of ($0.03)
  • Q1 adjusted EBITDA of $37 million, down from $45 million a quarter ago
  • Sees Q1 revenue of $270-$280 million
  • Sees 2014 full year revenue of $1.2 – $1.25 billion

In other words everything was great, with TWTR beating and the stock should be soaring right? Apparently, like last quarter, no.

Because the real pain is once again in the user data. To be sure, the stock was briefly higher until the algos scanned the earnings slidedeck and saw that TWTR had 255 million average monthly users, up just 25%, compared to growth of 39% and 30% in the last two quarters. Oops.

Just 3 million monthly active users added in the US in 1 quarter and 14 million in the entire world added in the quarter, missing again and well below the nearly 17 milion additions expected to a total 257MM.

Not pretty was the chart showing ad revenue per 1000 timeline views: at $1.44, it was also below the $1.49 achieved in the last quarter, although there may be a seasonal component here.

But the ugliest chart by far, was the one showing timeline view/MAU, which is TWTR’s adopted methodology to sell advertising space. Barely changed for worldwide views/MAU at 614 from 613 in Q4, down in international and modestly higher sequentially in the US, all three metrics were solidly down year over year. 

And a bonus table from the company’s selected financials with the troubling data highlighted:

 

Forget growth, Twitter now appears to have a major timeline view monetization problem which appears to be in broad decline.

End result: stock just dropped to new lifetime lows!

Slidedeck Source




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Dow Closes Green For 7th Tuesday In A Row

Despite the Dow's price-weighted index of just 30 stocks pushing comfortably into the green for the 7th Tuesday in a row (on dismal volume), things were not as exuberant anywhere else in stock-land. Amid a very narrow range day, completely divergent from the rest of the risk-asset complex, sustained only by the life-giving blood of Fed-sponsored VIX-selling into the FOMC event risk, performance today was internally weak with Russell 2000 closing red for the week (as the S&P and Dow managed to regain green for April but the Dow still could not make it green for 2014). Away from stocks, Credit markets were weak, Treasuries rallied (with yields lcosing 1-2bps lower on the day despite equity strength), Gold closed marginally higher and oil up 0.5% on the week. The USD closed up for the day but unch on the week as JPY strength dislocated from stocks.

 

On the week, the Dow is shiny but the Russell is whiney…

 

But The Nasdaq and Russell head for an ugly month…

 

As VIX held stocks in check…

 

Because Treasuries did not…

 

and nor did JPY carry…

 

Or credit…

 

 

Away from stocks, Oil rallied, gold bounced off earlier lows…

 

And Treasuris end the day in the green!

 

 

Charts: Bloomberg




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Obama Approval Ratings at New Low, Air Force Blames Lower Quality Drone Pilots on ‘Stigma,’ New York Mets Boycott Reporter Over Fat Pitcher Joke: P.M. Links

  • we want a pitcher not a belly itcherPresident Obama’s approval ratings hit a
    new low of
    41 percent
    in the latest Washington Post-ABC News
    poll.
  • Secretary of State
    John Kerry
    told an audience in Estonia that his country awarded
    government critics instead of sending them to prison just days
    after the Obama Administration appeared before the Supreme Court to
    argue against a New York Times reporter’s attempt to avoid
    jail for declining to reveal a source.
  • The
    Air Force
    blames “stigma” associated with its drone program as
    the cause of “lower quality pilots” and recruitment issues
    identified in a report from the Government Accountability
    Office.
  • The Supreme Court upheld a rule by the
    Environmental Protection Agency
    concerning cross-state
    pollution created by coal-fired power plants, permitting the agency
    to regulate it.
  • The county government in Spotsylvania,
    Virginia
    , has put a cap on “special-event permits,” forcing at
    least one couple to stop hosting weddings at their wedding venue.
    Neighbors complained last year about the potential for drunk
    drivers and other “safety concerns.”
  • L.A. Clippers owner Donald Sterling was hit with a lifetime ban
    by the
    National Basketball Association
    , whose owners may also vote to
    force him to sell his team.
  • The New York Mets boycotted a reporter from
    the New York Post
    ; the reporter’s story about the
    285-pound pitcher Bartolo Colon’s recent win included “LARDBALL” in
    the headline.

Follow Reason and Reason 24/7 on
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can also get the top stories mailed to
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Ed Krayewski Asks: Will Politics-Driven Warmongering Save Us From World War III?

"when you hear the beep it will be three o'clock"This week while in the
Philippines, at the tail end of his nine-day trip to Asia,
President Obama bemoaned that his critics at home tie every
foreign policy event that doesn’t play out in America’s perceived
favor to his failure last summer to intervene militarily in Syria
over chemical weapons allegations. “Why is it that everybody is so
eager to use military force after we’ve just gone through a decade
of war at enormous costs to our troops and to our budget?” the
president asked at a press conference in Manila, insisting his
foreign policy was one that sought to “avoid error.”

But, asks Reason’s Ed Krayewski, is it enough to avoid World War
III?

View this article.

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More States Moving to Legalize Industrial Hemp Farming

Though you can purchase hemp
foods and products in America, growing hemp—the
non-psychoactive cousin of marijuana—has been illegal here for
decades. But as part of this year’s farm bill, Congress approved
the growing of hemp by universities and state agriculture
departments, for research purposes, in states that permit
it. 

It’s a small step, but it’s something. Since the new farm bill’s
passage, states where hemp farming was totally prohibited have been
moving quickly to loosen their rules. 

Overall, 25 states have considered industrial hemp legislation
in 2014, according to Vote
Hemp
. Thirteen states—California, Colorado, Hawaii,
Indiana, Kentucky, Maine, Montana, Nebraska, North Dakota, Oregon,
Utah, Vermont and West Virginia—now allow industrial hemp farming
for research and/or commercial purposes. 

Hawaii passed
a bill
 this week authorizing the University of Hawaii to
grow and research hemp. New
York is currently considering
a bill to allow universities to
grow hemp for research purposes, and similar bills have been under
consideration recently in
Illinois
, Maryland, Michigan, Minnesota, South Carolina, and
Washington.  

Other states have legalized growing hemp for commercial
as well as research purposes (though this puts them in conflict
with federal laws). In March, Indiana passed
a bill
 allowing farmers to grow hemp for research or
commercial uses.
Tennessee’s legislature passed a similar bill
 in April,
which is waiting on approval from Gov. Bill Haslam. A South
Carolina version passed the Senate and is awaiting
further action
in the House. 

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What 6,932 Busted Option Trades In 13 Minutes Looks Like

The only question we have about the following list of 6,932 busted option trades comprising 34,484 call and put (mostly call of course) contracts on the NYSE ARCA Options which took place this morning at the market open until just 13 minutes later “due to an internal system issue”, is whether Goldman is the party that somehow benefited from the DKing of these millions of trades as it did back in August of 2013.

And while we won’t know for sure, here is what happened first thing this morning.

This is the email sent out by NYSE ARCA:

“NYSE Arca Options, on its own motion and in accordance with Rule 6.89 (Erroneous Trades due to System Disruptions and Malfunctions) of the Exchange, will be busting numerous executions which occurred this morning, Tuesday, April 29, 2014, due to an internal system issue.”

How numerous? The screengrab below shows 30 of the busted option trades.

 

For the full Excel list, which shows another 230 pages like the one above, click here.




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Putin Questions US Motivation Over Sanctions; Reconsiders Western Company Energy Deals

Having been quiet all day, Vladimir Putin chose just before 330 on a Tuesday to respond to US and EU sanctions:

  • *PUTIN: U.S., EU SEEKING TO BLAME RUSSIA FOR UKRAINE CRISIS
  • *PUTIN SAYS HE CAN’T UNDERSTAND MOTIVATION FOR SANCTIONS
  • *PUTIN SAYS NO CAUSE-EFFECT BEHIND SANCTIONS

And while he said he sees no need for counter-sanctions currently, he did warn that Russia may reconsider participation of Western companies in egenergy projects if sanctions continue.

Earlier in the day, Lavrov explained…

U.S. and European Union sanctions against Russia for its role in the Ukraine crisis defy ” all common sense,” visiting Russian Foreign Minister Serguei Lavrov said here Tuesday.

Furthermore,

Russia has accused the United States and NATO of what it called “provocative” statements as the crisis in Ukraine unfolds alongside a NATO military build-up in eastern Europe.

But Putin goes on to note,

  • *PUTIN: FURTHER MAY RISK WESTERN COS’ ENERGY PROJECTS
  • *PUTIN: RUSSIA HAS NO MILITARY OR SPECIAL FORCES IN UKRAINE




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