Category Archives: Issues

Organized crime: Pentagon blows $43 million on useless Afghan gas station

USA Today reports: U.S. taxpayers footed the bill for a $42 million natural-gas filling station in Afghanistan, a boondoggle that should have cost $500,000 and has virtually no value to average Afghans, the government watchdog for reconstruction in Afghanistan announced Monday.

A Pentagon task force awarded a $3 million contract to build the station in Sheberghan, Afghanistan, but ended up spending $12 million in construction costs and $30 million in “overhead” between 2011 and 2014, the Special Inspector General for Afghan Reconstruction (SIGAR) found. Meanwhile, similar gas station was built in neighboring Pakistan cost $500,000.

“It’s hard to imagine a more outrageous waste of money than building an alternative fuel station in a war-torn country that costs 8,000% more than it should, and is too dangerous for a watchdog to verify whether it is even operational,” Sen. Claire McCaskill, D-Mo., said in a statement. “Perhaps equally outrageous however, is that the Pentagon has apparently shirked its responsibility to fully account for the taxpayer money that’s been wasted — an unacceptable lack of transparency that I’ll be thoroughly investigating.” [Continue reading…]

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Why did it take the U.S. so long to build its first offshore wind farm?

Slate reports: Wind-generated electricity has become a big business in the United States. From virtually nothing a decade ago, it has boomed to account for about 5 percent of electricity generated each year. In certain states, at certain times, cheap, emission-free wind can account for a huge chunk of supply, as happened recently in Texas. Wind adds capacity in large chunks — a wind farm may consist of scores of turbines arrayed across vast expanses of land. So far this year, according to the Federal Energy Regulatory Commission, nearly 3 gigawatts of wind capacity has come online in the U.S., accounting for 40 percent of all new electricity-generating capacity.

But although the U.S. has become a global leader in wind, there’s a subsector in which it’s lagged behind: offshore wind.

Around the world, and especially in northern Europe, anchoring wind turbines to the bed of the sea—where the wind is consistent and strong—has become a huge business. Denmark has installed so many offshore wind turbines that it often produces far more wind power than it can actually use. Earlier this week, DONG Energy announced plans to develop the largest offshore wind farm in the world, an 87-turbine site off the coast of Wales with a capacity of 660 megawatts. That’s about the size of a decent coal-fired plant. [Continue reading…]

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It’s completely ridiculous to think that humans could live on Mars

Danielle and Astro Teller write: Our 12-year-old daughter who, like us, is a big fan of The Martian by Andy Weir, said, “I can’t stand that people think we’re all going to live on Mars after we destroy our own planet. Even after we’ve made the Earth too hot and polluted for humans, it still won’t be as bad as Mars. At least there’s plenty of water here, and the atmosphere won’t make your head explode.”

What makes The Martian so wonderful is that the protagonist survives in a brutally hostile environment, against all odds, by exploiting science in clever and creative ways. To nerds like us, that’s better than Christmas morning or a hot fudge sundae. (One of us is nerdier than the other — I’m not naming any names, but his job title is “Captain of Moonshots.”) The idea of using our ingenuity to explore other planets is thrilling. Our daughter has a good point about escaping man-made disaster on Earth by colonizing Mars, though. It doesn’t make a lot of sense.

Mars has almost no surface water; a toxic atmosphere that is too thin for humans to survive without pressure suits; deadly solar radiation; temperatures lower than Antarctica; and few to none of the natural resources that have been critical to human success on Earth. Smart people have proposed solutions for those pesky environmental issues, some of which are seriously sci-fi, like melting the polar ice caps with nuclear bombs. But those aren’t even the real problems.

The real problems have to do with human nature and economics. First, we live on a planet that is perfect for us, and we seem to be unable to prevent ourselves from making it less and less habitable. We’re like a bunch of teenagers destroying our parents’ mansion in one long, crazy party, figuring that our backup plan is to run into the forest and build our own house. We’ll worry about how to get food and a good sound system later. Proponents of Mars colonization talk about “terraforming” Mars to make it more like Earth, but in the meantime, we’re “marsforming” Earth by making our atmosphere poisonous and annihilating our natural resources. We are also well on our way to making Earth one big desert, just like Mars. [Continue reading…]

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At least 70 killed and 550 wounded in horrific market-bombing in Damascus besieged area

Médecins Sans Frontières reports: At least 70 people have been killed and 550 injured in an air strike on a marketplace in the Douma neighbourhood near Damascus, Syria.

As the nearest makeshift hospital had been bombed the previous day, medical workers struggled to cope with the influx of injured people. MSF fears the intensification of bombing that has been seen in northern and central Syria over the course of October could become even more horrific if it spreads to besieged areas around Damascus, where almost a million people are trapped with no way to escape, few medical facilities, and no options for medical evacuations of seriously wounded.

The devastation caused by the initial air strike on the market was exacerbated by further shelling on the rescue teams who were attending to the wounded. Two hundred and fifty patients required surgery, and a further 300 patients have been treated for non-surgical wounds. The multi-trauma wounds are described by medics as being worse than anything they have seen before.

“This was an extremely violent bombing,” says the director of a nearby MSF-supported hospital who assisted in the first wave of mass-casualty response. “The wounds were worse than anything we’ve seen before, and there were large numbers of dead. We had to do many amputations. And a lot of the wounded had massive blood-loss, which means we needed large amounts of IV-fluid and blood bags. We did out best to cope, but the number of critically wounded was far beyond what we could handle with our limited means.”

Because so many hospitals have been destroyed in Syria’s conflict, many facilities have moved services underground or split up services across different locations in a bid to remain operational. The entrance gate of the Douma makeshift hospital had been struck by bombing on Thursday, causing 15 dead and 100 wounded. Because the services had recently been split across several buildings, the hospital was able to respond to part of the mass casualty influx. However, the overwhelming numbers of critically wounded meant that no one single hospital could have coped, and six other makeshift hospitals also launched mass casualty response plans to help treat the wounded from the marketplace bombing. [Continue reading…]

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Russian raids said to deliberately target rebel field hospitals in Syria

RFE/RL reports: Russian air strikes in Syria have deliberately targeted field hospitals in strategic opposition-controlled areas of Syria, killing and injuring staffers, disrupting their work and in some cases disabling hospitals altogether, opposition sources in Syria claim.

The head of the opposition-controlled Free Health Directorate of Aleppo, Yasser Darwish, told RFE/RL’s correspondent in Syria this week that since the Russian air campaign started on September 30, Russian warplanes had carried out over 40 raids on field hospitals in the southern Aleppo countryside, as well as in Hama and Idlib provinces.

The raids have damaged field hospitals in the southern countryside of Aleppo, including in Al-Eis, Al-Hadher, Khan Tuman, and Al-Zirba, Darwish said.

Civilian casualties were reported in Al-Zirba and Al-Hadher in Russian raids on October 15.

Other doctors, including Dr. Muhammad Tennari, the director of Sarmin hospital in Idlib Province, where at least 12 people were killed in an air raid last week, have also claimed that Russia is deliberately targeting medical facilities. [Continue reading…]

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Why U.S. government officials are so often viewed with contempt

“Public diplomacy – effectively communicating with publics around the globe – to understand, value and even emulate America’s vision and ideas; historically one of America’s most effective weapons of outreach, persuasion and policy.” Jill A. Schuker (former Senior Director for Public Affairs at the National Security Council), July 2004

To be persuasive, you have to be believable. But who, inside or outside the Syrian opposition, thinks that the following pledge holds an iota of credibility?


Syria is an issue on which the Obama administration has never been fully engaged. It has instead been an issue that refused to go away — however persistently it was ignored. Some officials inside the State Department might sincerely claim they are “with” the Syrian opposition, yet the support provided by the U.S. government as a whole, has proved to be less than worthless.

Following nine hours of talks in Vienna on Friday, Josh Rogin says:

European diplomats at the conference told me they were concerned the new U.S.-led diplomatic effort was an empty gesture, to allow the Obama administration to claim it was working in earnest to solve the Syria crisis.

If U.S. diplomacy rings hollow even among America’s closest allies, then it will predictably and reasonably be ignored by every party directly involved in the war in Syria.

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How the U.S. government condemns or ignores indiscriminate bombing

Micah Zenko writes: If you watch U.S. government press conferences, you will occasionally come across a moment of incidental but illuminating honesty. Yesterday, one such moment occurred during a routine press briefing with Col. Steve Warren, spokesman for Operation Inherent Resolve (OIR), the command element for the war against the self-declared Islamic State. Col Warren was asked about the growing number of disturbing allegations of Russia’s indiscriminate use of airpower in Syria. Just the day before, Secretary of Defense Ashton Carter told the Senate Armed Services Committee that, “it appears the vast majority of [Russian] strikes, by some estimates as high as 85 percent to 90 percent, use dumb bombs.” Warren echoed Carter’s assessment, claiming that, “Russians have chosen to use a majority of really, just dumb bombs, just gravity bombs, push them out the back of an airplane, and let them fall where they will.”

Col. Warren went further to castigate Russia for its use of one particular type of ordinance: “You know, there’s been reporting that the Russians are using cluster munitions in Syria, which we also find to be irresponsible. These munitions have a high dud rate, they can cause damage and they can hurt civilians, and they’re just, you know, not good.”

That cluster munitions are “not good,” except as a reliable method for killing noncombatants outside of an intended target field, is a well-known and established fact. According to one UN estimate, the failure rates for cluster munitions vary from between 2 and 5 percent (according to manufacturers) to between 10 and 30 percent (according to mine clearance personnel). They were subsequently banned by the UN Convention on Cluster Munitions, which entered into force in August 2010 and has been endorsed by ninety-eight states parties. Notable states that have refused to sign and ratify the convention include those that consistently uses airpower to achieve their military objectives, such as Russia, the United States, and Saudi Arabia. [Continue reading…]

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A mass refugee crisis, and it may yet get worse

The New York Times reports: They arrived in an unceasing stream, 10,000 a day at the height, as many as a million migrants heading for Europe this year, pushing infants in strollers and elderly parents in wheelchairs, carrying children on their shoulders and life savings in their socks. They came in search of a new life, but in many ways they were the heralds of a new age.

There are more displaced people and refugees now than at any other time in recorded history — 60 million in all — and they are on the march in numbers not seen since World War II. They are coming not just from Syria, but from an array of countries and regions, including Afghanistan, Iraq, Gaza, even Haiti, as well as any of a dozen or so nations in sub-Saharan and North Africa. They are unofficial ambassadors of failed states, unending wars, intractable conflicts.

The most striking thing about the current migration crisis, however, is how much bigger it could still get.

What if Islamic State militants are not beaten back but continue to extend their brutal writ across Iraq and Syria? What if the Taliban continue to increase their territorial gains in Afghanistan, prompting even more people to flee? A quarter of Afghans told a Gallup Poll that they want to leave, and more than 100,000 are expected to try to flee to Europe this year. [Continue reading…]

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Turkey set to return to single-party rule in boost for Erdogan

Reuters reports: Turkey looked set to return to single-party rule after the Islamist-rooted AK Party swept to victory in a general election on Sunday, a major boost for embattled President Tayyip Erdogan but an outcome likely to sharpen deep social divisions.

Prime Minister and AKP leader Ahmet Davutoglu tweeted simply: “Elhamdulillah” (Thanks be to god)

Security forces fired tear gas at stone-throwing protesters in the mainly Kurdish southeastern city of Diyarbakir as results filtered in, with support for the pro-Kurdish opposition falling perilously near the 10 percent threshold to enter parliament.

In June, the AKP lost the overall majority it had enjoyed since 2002. Erdogan had presented Sunday’s polls as a chance to restore stability at a time of tension over Kurdish insurrection and after two bombings, attributed to Islamic State, while critics fear a drift to authoritarianism under the president. [Continue reading…]

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Palestinians ‘have become unreasonably reasonable’

Sam Bahour writes: “Give me liberty, or give me death!” Patrick Henry declared in a speech he made to the Virginia Convention in 1775, at St John’s Church in Richmond, Virginia. Fast forward 240 years, and if Israel and the US were able to pin those words to a Palestinian and decry incitement, they would do so in a heartbeat.

Like “terrorism,” “incitement” is a word that works great in conflict zones because it means everything and nothing at the same time. However, its misuse as a justification to perpetrate blatant human rights violations and maintain an illegal state of affairs that contributes to conflict being fanned, not diffused.

Both Israel and the US are guilty of misusing the claim of incitement in an attempt to justify their punishment of Palestinians.

For Israel to point to Palestinian incitement, which does exist, as the source of the present violence across Israel and Palestine is pathetic, at best. After dispossessing Palestinians numerous times and leaving more than half the population locked out of their homeland and scattered across the region to live a life of misery as refugees; after installing a system of institutionalized and structural discrimination inside Israel against the Palestinian Muslim and Christian citizens of Israel who remained in the country after Israel’s establishment; after placing (and pressing) a boot of military occupation on the necks of Palestinians in the West Bank, East Jerusalem and Gaza Strip for the past 48 years; after expanding an illegal settlement enterprise from 100,000 settlers to 580,000 settlers, all the while pretending to be engaged in bilateral negotiations to resolve the conflict; and while Israeli prime ministers and ministers continually claim that no Palestinian state will ever be allowed to emerge, while also claiming Palestinians are everything from snakes to subhuman, Israel has no right whatsoever to even hint at incitement as being a factor in this outbreak of violence.

For the US, be it Congress or the Administration, to ignore history and the facts on the ground and point to Palestinian incitement in a knee-jerk reaction to the current violence is criminal. [Continue reading…]

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UK counter-terrorism measures threaten press freedom

Committee to Protect Journalists reports: For journalists investigating jihadist networks, the UK is proving to be no safe haven. British police used special powers under the Terrorism Act 2000 in August to seize the laptop of Secunder Kermani, a reporter for BBC Two’s flagship news show “Newsnight,” according to reports. “They required the BBC to hand over communication between the BBC journalist and a man in Syria who publicly identified himself as an [Islamic State] member,” BBC spokeswoman said today.

Kermani is known in the UK for his coverage of militant groups and, as British daily The Independent noted, “He has built a reputation for making contact with Western-born [Islamic State] fighters and interviewing them online about their motivations.” The reporter has received some criticism for his coverage however, including by the UK’s former security minister Dame Pauline Neville-Jones, who said last year that publicity gives terrorists “a status and importance they should not be accorded.”

The move by police has sent a chill through the British media. Ian Katz, editor of “Newsnight,” told news outlets, “We are concerned that the use of the Terrorism Act to obtain communication between journalists and sources will make it very difficult for reporters to cover this issue of critical public interest.” [Continue reading…]

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A great tract of Earth is on fire

George Monbiot writes: I’ve often wondered how the media would respond when eco-apocalypse struck. I pictured the news programmes producing brief, sensational reports, while failing to explain why it was happening or how it might be stopped. Then they would ask their financial correspondents how the disaster affected share prices, before turning to the sport. As you can probably tell, I don’t have an ocean of faith in the industry for which I work. What I did not expect was that they would ignore it.

A great tract of Earth is on fire. It looks as you might imagine hell to be. The air has turned ochre: visibility in some cities has been reduced to 30 metres. Children are being prepared for evacuation in warships; already some have choked to death. Species are going up in smoke at an untold rate. It is almost certainly the greatest environmental disaster of the 21st century – so far.

And the media? It’s talking about the dress the Duchess of Cambridge wore to the James Bond premiere, Donald Trump’s idiocy du jour and who got eliminated from the Halloween episode of Dancing with the Stars. The great debate of the week, dominating the news across much of the world? Sausages: are they really so bad for your health?

What I’m discussing is a barbecue on a different scale. Fire is raging across the 5,000km length of Indonesia. It is surely, on any objective assessment, more important than anything else taking place today. And it shouldn’t require a columnist, writing in the middle of a newspaper, to say so. It should be on everyone’s front page. It is hard to convey the scale of this inferno, but here’s a comparison that might help: it is currently producing more carbon dioxide than the US economy. And in three weeks the fires have released more CO2 than the annual emissions of Germany. [Continue reading…]

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A surgeon’s struggle to save the victims in a war the West failed to stop

Dr David Nott writes: In 2014, as in 2013, I worked in Aleppo in two hospitals in an opposition neighbourhood. Many of the medics had fled to Turkey and many hospitals had been bombed. The use of barrel bombs dropped by the Assad regime on civilian areas meant the largest proportion of patients admitted to the hospital were women and children. The nature of their injuries was such that often all we could do was try to make their final moments less painful. As a surgeon, I felt close to despair.

I came back to the UK and once again spoke about what was happening in Syria. I called it for what it was – a genocide perpetrated by Assad – but still was met with government apathy. There were efforts made by the US and UK to train some rebel groups and provide assistance to refugees; there was talk of humanitarian corridors and no-fly zones – but ultimately, without a protective military presence, such initiatives would never succeed.

It was vacillation on the part of the US and UK that emboldened not only the Assad regime but Putin too. The first Russian air strikes, against targets in the West of Syria, were an audacious attempt to shore up Assad’s Alawite heartland. They struck far from the Isil zones of control.

That Assad is an effective ally in the battle against Isil is a fiction repeated by many commentators. When the revolution commenced in 2011, Assad emptied Syria’s jails of radical Salafists, who went on to become Isil’s leaders and commanders. It suits Assad to have a villain against which he can defend his regime, and in Isil he has one that he has fed and watered to great effect.

The only way to win this war is to put boots on the ground, and that should have been done two years ago when there was an opportunity to help the Free Syrian Army and actively remove Assad from power and stem the rise of Islamic extremism. Instead there was a lack of insight and leadership from the West.

An oft-repeated line was that all the anti-government protagonists are equally extreme, equally impossible Western allies. I can say that from my experience that they are not. Towards the end of my time there in 2014, I went to visit a Catholic Church in Aleppo. There, having tea with the priest, were a group of Free Syrian Army fighters, their rifles slung across their chests as they chatted amicably. The Church had been protected by the Free Syrian fighters and the priest respected for the kindness he showed to many sick and dying people. In March this year, I was shocked to hear that this kindly priest had been killed. Not by supposed Islamist rebels intent on destroying all those of other religions; but by a barrel bomb dropped by one of Assad’s helicopters.

The West has so far abrogated its moral responsibility to the Syrian people and has paid a price not only in the hundreds of thousands of desperate refugees flocking to Europe’s shores but also in Putin’s audacious power play, so that we find ourselves in a situation where Russia, Iran and Hizbollah are leading this brutal dance. [Continue reading…]

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If Assad stays on, then Syria will never be saved

H A Hellyer writes: The regime in Damascus has powerful backers in Russia and Iran who are willing to intervene. Opponents of that regime have no such comparable sponsors. The help they receive is limited.

Now the search is on for a compromise solution to the crisis in Syria. But the motives have little to do with the civilian body count, which is now in excess of 200,000 since the start of the crisis. The impetus also has little to do with the destruction of much of Syria’s civilisational heritage either. Rather, the critical factors are the flow of refugees to Europe and the threat of ISIL spreading. Bearing these factors in mind, it’s entirely possible Mr Al Assad will get something of a free pass.

But the compromise solution is not the extension of Mr Al Assad’s rule in Damascus. A full solution in Syria would be the radical reform of the regime structure in the country – a full reform of the apparatus, so that not only would Mr Al Assad leave, but the Baathist edifice would change. That wouldn’t necessitate the destruction of the edifice in the same way as in Iraq, but it would mean more than the departure of Mr Al Assad. A compromise, therefore, that includes Mr Al Assad, is not a compromise in the slightest.

But judging from the moves that are currently being entertained in Europe and the US, it may be that any solution that sees the reduction of refugee flows, and increased activity against ISIL, will be deemed as acceptable. [Continue reading…]

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Selective anti-imperialism: Why some bombings provoke more outrage than others

Sam Charles Hamad writes: Earlier this month in the Afghan city of Kunduz, the U.S. committed an apparent war crime. At some point in the early hours of Oct. 3, a U.S. gunship fired on a hospital run by Medicins Sans Frontieres, destroying the facility, killing 22 people and injuring over 30. There is no doubt of the criminality of this act — even if, as the U.S. and Afghani governments have suggested, the attack occurred due to Taliban militants having some presence within the hospital compound (a claim vigorously denied by eyewitnesses and victims), it was still a crime.

In the hours following the attack, many people of all political persuasions from around the world rightfully condemned it, but perhaps most vocal were those on the political left. Public outrage over war crimes is of course not just to be welcomed passively, but it can be actively useful in terms of demanding accountability from those who committed the crimes, while giving a voice to its victims. All too often, when it comes to activity against these acts of criminality, it is organizations, political parties, and individuals who identify with the left that lead the charge on these matters — the consequences of this can be impressive.

And the left are no longer marginal. The so-called “alternative media” is catching up with the mainstream media in terms of its reach, while political forces that identify as left-wing are now once again in the mainstream of politics, whether it’s forces like SYRIZA in Greece or Jeremy Corbyn’s new role as the leader of Her Majesty’s Opposition in the U.K. What these people do and say now matters on a global scale. Millions of politically-aware people from around the world hang on every word that prominent leftists write and say, whether it’s a figure such as Glenn Greenwald, whose news site The Intercept has become the go-to place for so-called “anti-imperialists,” or a leading politician such as Corbyn.

For a self-identified leftist like me, you might think I’d be over the moon at the way things were steadily — or exponentially, if you consider the rise of the left in this era relative to its fate in the past two decades — developing for the global left, but you’d be wrong. For there’s a bitter catch to all this. [Continue reading…]

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‘No one puts children in a boat unless the water is safer than the land.’

The Guardian reports: The actor Benedict Cumberbatch has shown his growing frustration over the migration crisis during a speech after his Hamlet performance – reportedly saying “fuck the politicians”.

The Sherlock star has been giving nightly speeches after his curtain call at the Barbican in London and asking for donations to help Syrian refugees. So far, audience contributions have raised more than £150,000 for Save the Children.

Cumberbatch has been particularly critical of the British government’s decision to accept only 20,000 refugees over five years.

During the speeches, Cumberbatch has been reading a poem called Home by Somali poet Warsan Shire, the same one he read in the introduction to Help is Coming, Save the Children’s charity single, released in the summer. It includes the line: “No one puts children in a boat unless the water is safer than the land.” [Continue reading…]

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The violent status quo that Benjamin Netanyahu sustains

Roger Cohen writes: Iran has long been a useful distraction from Israel’s core problem, Palestine. Iran is far away from Jerusalem and Iranians seldom think about Israel. Ramallah is very close to Jerusalem and Palestinians think about Israel all the time. Sometimes they rise in fury against their overlord and wield knives.

Oppressed people will do such things. The oppression does not make random Palestinian stabbings of Israelis defensible. They are vicious crimes against innocent people. But it makes them understandable. Violence is the other face of the so-called status quo that Prime Minister Benjamin Netanyahu believes to be in Israel’s interest. Violence is inextricable from the Israeli occupation of the West Bank that is almost a half-century old. Stateless non-citizens, living behind a high-tech wall among colonial settler garrisons, will not all acquiesce to their fate.

Palestinian violence and provocations can no more be an excuse for Israel’s status-quo policy than Iranian outbursts. Serious negotiation, serious diplomacy, can change dangerous situations — slowly and painfully.

No sentient human being can contemplate the Israeli-Palestinian conflict today and not feel disgust at its cynicism. It defies words. Every word has been exhausted on its blood-soaked sterility. President Mahmoud Abbas and Netanyahu have played games while their people die — and while President Obama and Rouhani negotiated a transformative deal that is an admonishment to them both.

The liberal Israeli newspaper Haaretz quoted Netanyahu recently saying that “we will forever live by the sword” and that he does not want a binational state but “we need to control all of the territory for the foreseeable future.” All the territory is binational. Therefore to control it in the way Netanyahu envisages, democracy must be sacrificed. The Jewish and democratic state of Israel withers. [Continue reading…]

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Taking stock of ISIS oil

Matthew M. Reed writes: The early estimate for ISIS oil revenues was $2-3 million a day. Media coverage ran with that number and so did U.S. officials for a time. However, the price/volume assumptions built into it were never clear. “It’s not an estimate that the U.S. intelligence community or the Pentagon is endorsing or has come up with,” a Pentagon spokesman said in September 2014.

The first official U.S. government estimate for ISIS oil revenue came in October last year. Then-Treasury Undersecretary David Cohen estimated that ISIS probably earned $1 million a day in June—before the anti-ISIS coalition intervened. That estimate held up until February 2015 when Cohen said ISIS revenues had fallen to just $2 million a week (or ~$300,000 a day). At that point, U.S. officials became convinced oil was not the top money maker for ISIS; instead the group relied more on taxation, tolls, ransom and theft. Official estimates came with big caveats but the U.S. government apparently believed it had cut down ISIS oil revenues by two-thirds.

That estimate lasted until July, when Treasury’s Assistant Secretary for Terrorist Financing Daniel Glaser concluded that oil ranked third among ISIS revenue streams, but it was still significant. “Earlier this year ISIL made about $40 million in one month, off of the sale of oil. So if you want to extrapolate that out, you get to about $500 million in the course of a year,” he said. $500 million a year works out to almost $1.4 million a day, which is almost a five-fold increase from the lowball claim made in February. (FT estimates revenue at $1.5 million a day as well.) [Continue reading…]

See also Part Two of this report.

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