Prime Minister Dmitry Medvedev: Russia should take advantage of low oil prices to change the structure of its economy, policy of import substitution means that it is necessary to make products and goods that would compete on the international markets.
Greece closed down for a day, the people are striking because the country is collapsing and the new government lied to them. Initial jobless claims are now trending up. Challenger Gray have now reported that layoffs have increased by 218%. US factory orders collapse, signalling a complete collapse of the economy. Truck orders collapse by 48%.. TPP protests continue around the world
The mass of dead seabirds that have washed up on Alaska beaches in past months is unprecedented in size, scope and duration; coincides with widespread deaths of other marine animals, from whales in the Gulf of Alaska to sea lions in California.
US Defense Department warned F-35 fighter jet plagued by problems that will complicate the most expensive weapons project in history. The warplanes will form the backbone of us military's future fighter fleet. Engineers uncovered numerous technical problems: software bugs, technical glitches, cost overruns, significant limitations for the F-35 in combat. Building the fighter jet before testing was finished caused difficulties, repeated repairs, redesign work, raising costs.
LANSING School and local government officials have filed a federal lawsuit to block a new Michigan law that restricts them from informing voters about ballot issues. Republican-backed law was signed by Gov. Rick Snyder; prohibits public money or resources from being used to disseminate information about local ballot measures through TV and radio ads, mass mailings or robocalls in the 60 days before an election.
The initial response of economic “conventional wisdom” to the slide in oil prices over the past 20 months—down from $110 per barrel in June 2014 to levels approaching $30—was that, whatever the impact on oil-exporting countries, it would aid the global economy because it would lift consumption and other spending. It has become increasingly clear that, far from providing a boost to the world economy, the precipitous drop in the oil price, together with other major industrial commodities, is symptomatic of deep recessionary trends.
High-ranking officials in Michigan Gov. Rick Snyder's administration were aware of a surge in Legionnaires' disease potentially linked to Flint's water long before the governor reported the increase to the public last month, internal emails show. When he disclosed the spike in Legionnaires' cases on Jan. 13, Snyder said he had learned about it just a couple of days earlier. But emails obtained by Progress Michigan through public-records requests show Snyder's own office was aware of the outbreak since last March.
An international team of hackers, who were exposed in November by Russian special police services, managed to infiltrate the world’s biggest payment systems including VISA and MasterCard, a spokesman for the Russian Ministry of Internal Affairs said Thursday.
Denmark has publicly acknowledged for the first time that in June 2013 a US plane was waiting in a Copenhagen airport to extradite NSA whistleblower Edward Snowden to the US. At the time he was stranded in a Moscow airport.
A clay vessel about the size of a tennis ball was pulled from the earth. After carbon dating, researchers found an assortment of seeds that they say are more than 800 years old. One of the seeds was a squash variety thought to be extinct. When they planted the ancient heirloom squash seeds that had been buried for hundreds of years, a squash grew, largest specimen from the resurrected seed grew 3 feet long and weighed 18 pounds.
Over 3.2 million people got infected with flu in Ukraine, the figure grew by 65,000 only in the past 24 hours. Some 50% of those infected are children under 17. The epidemic thresholds are exceeded in 19 of 27 Ukraine’s regions.
“The Russian Defense Ministry registers a growing number of signs of hidden preparation of the Turkish Armed Forces for active actions on the territory of Syria,” Igor Konashenkov said on Thursday. “We are recording more and more signs of concealed preparations by the Turkish military,”
UC professor Christopher Newfield has the inside details of the recently-exposed monitoring system secretly deployed by the University of California (and approved by school president Napolitano) to keep tabs on the communications, web surfing and file routing of its employees.
A federal judge ruled last week that the Hong Kong and Shanghai Banking Corporation (HSBC) will be forced to share a report on its business practices with the public — a decision both the bank and the Department of Justice (DOJ) fought in court to prevent. The report is based on the findings of an ongoing government audit of the bank initiated amid revelations in 2012, that it laundered money for drug cartels and terrorist organizations.
General Motors announced yesterday that it made a record $11 billion in pre-tax profits in 2015. The Detroit-based auto giant, the third largest auto company in the world, made $6.3 billion in profits in the fourth quarter alone, beating Wall Street expectations. GM made the bulk of its income from its North American manufacturing operations, where the corporation’s decades long cost cutting campaign, carried out with the full backing of the United Auto Workers, was accelerated during and after the 2009 restructuring of the company by the Obama administration.
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