The Wages of Greed: Rajat Gupta loses appeal and must go to jail, reports & text of US Appeals Court decision

In an emphatic ruling, a federal appeals court threw out former McKinsey chief and former Goldman Sachs director Rajat Gupta’s bid for a new trial. Finding ‘ample evidence’ on his involvement in a wider criminal conspiracy, it upheld a 2012 conviction for insider trading that was ‘a milestone in the government’s sweeping investigation into insider trading on Wall Street’.


Text of decision by U.S. Court of Appeals for the Second Circuit in United States of America v Rajat K. Gupta (attached as pdf)

pdf icon Text-of-decision-by-US-Court-of-Appeals-2nd-Circuit.pdf


The Billionaire’s Apprentice: The Rise of the Indian-American Elite and the Fall of the Galleon Hedge Fund by Anita Raghavan (available in print and in a Kindle edition at and

Another stolen generation: how Australia still wrecks Aboriginal families | John Pilger | The Guardian

“The mass removal of Indigenous children from their parents continues unabated – where is the outrage?”

‘U. S. Freezes Putin’s Netflix Account’, Andy Borowitz, The New Yorker

Not quite breaking news but a Borowitz exclusive:

“10 of the best Tony Benn quotes – as picked by our readers,”

‘We are not just here to manage capitalism but to change society and to define its finer values’:

Left Candidate Wins El Salvador Elections

The winning candidate and new President, Salvador Sanchez Ceren, was “an important commander of Marxist guerrilla forces which fought against a series of extreme right wing, military-dominated governments supported by the United States.” His running mate for vice president, Oscar Ortiz, is “the popular mayor of the city of Santa Tecla, and was a member of the same guerilla group as Sanchez Ceran during the civil war.”

(The article below was written after votes were counted, but before El Salvador’s election tribunal ratified Salvador Sanchez Ceren’s victory.)

Black Panther Eddie Conway, free after 44 years

From People’s World:

“After serving nearly 44 years for a crime he did not commit, Marshall Eddie Conway finally walked out of the Maryland House of Corrections, March 4, a free man.”

“Oscars, shmoscars, here are the 2013 Progie film awards”

Film historian and critic Ed Rampell developed the Progie Awards in order to draw attention to films of social significance with progressive content.

A collective of international film writers, The James Agee Cinema Circle (JACC), nominates films and actors for these awards. Read the article here ( for the interesting list of categories of awards and for the winners, and an earlier post with the full list of nominees in each category (

The Origins of the Fault Lines in Ukraine

Excerpts from an educative article by Kenny Coyle in the Morning Star:

“Ukraine has always been a territory of mixed and changing population, home to diverse religious, ethnic and linguistic communities. Ukrainian identity is fluid not fixed. The word Ukraine itself means ‘borderland’… It is a bitter irony for the ultra-nationalists that it was the Soviet era that saw the most powerful consolidation of Ukrainian identity, language and territory. Without this it is impossible to envisage the current statehood of Ukraine.

“Even the anti-communist historian Paul Kubiceck in his History Of The Ukraine, conceded that the Ukrainian Soviet Socialist Republic ‘was showered with resources’ so that by the end of the 1930s ‘Ukraine was one of Europe’s leading industrial centres, producing more metal and machines than Italy and France and nearly as much as Great Britain.’”

Full article at

In another article, Coyle examines “how the fascist Svoboda party emerged from the fringes of Ukrainian politics”:

‘Mercy and Social Media Slow the Noose in Iran’,

Abolish the death penalty everywhere — it is barbaric.

‘25 things you might not know about the web’ | John Naughton | The Observer

“It sprang from the brain of one man, Tim Berners-Lee, and is the fastest-growing communication medium of all time,” notes John Naughton, adding that “one measure is how long a medium takes to reach the first 50 million users. It took broadcast radio 38 years and television 13 years. The web got there in four.” Naughton, media guru, columnist, Emeritus Fellow and Vice President of Wolfson College, Cambridge, and Emeritus Professor of the Public Understanding of Technology at the British Open University, is the author of “From Gutenberg to Zuckerberg: What you really need to know about the Internet” [Quercus, London, 2012].

Pic du jour

Open appeal of the Communist Party of Ukraine to the international communist, workers and left-wing movement

pdf iconAppeal of the Communist Party of Ukraine

Interview with the Secretary General of the Communist Party of Ukraine

This interview with Petro Symonenko, Secretary General of the Communist Party of Ukraine appeared in Mundo Obrero on March 2, 2014.

pdf icon Interview-Petro-Symonenko.pdf

‘Arundhati Roy, the Not-So-Reluctant Renegade’, Siddhartha Deb in

‘Although Roy won’t divulge, even to her closest friends, what her new novel is about, she is adamant that it represents a break from both her nonfiction and her first novel. “I’m not trying to write ‘The God of Small Things’ again,” she said. “There’s much more grappling conceptually with the new novel. It is much easier for a book about a family — which is what ‘The God of Small Things’ was — to have a clear emotional heart.” Before she became caught up in her essay on Ambedkar and Gandhi, she was working on the novel by drawing, as she tends to do in the early stages, trying to figure out the structure. She then writes longhand. What she calls the “sandpapering” takes place on a laptop, at her kitchen table.’

‘The Path to a Female President’, Jill Lepore in The New Yorker

What are the prospects of a Hillary Clinton presidency? ‘Most people think that she has already decided to run this time around, too [that is, in the 2016 U.S. presidential contest]. A better question is: who else will?’