Greece will not approve contingency savings measures demanded by the International Monetary Fund (IMF) in case the country does not meet budget targets set out by bailout lenders, the Greek deputy defense minister said Wednesday. Dimitris Vitsas said the contingency spending cuts offered by the IMF could not be approved under Greece law.
Innocent citizens whose property is seized by police in Michigan have to pay cash for the chance to get it back, no guarantee that those who pay the cash will get their belongings returned. Once a property has been seized, the owners then have to pay anywhere from $250 to $5,000 just to begin the procedure to win back what’s rightfully theirs,
On Tuesday, more than 1,500 Detroit Public Schools (DPS) teachers continued a sickout begun the previous day, closing 94 out of 97 schools across the city. The teachers are protesting a threat announced over the weekend by state-appointed DPS Emergency Manager Judge Steven Rhodes to withhold their pay during the summer months and eliminate summer classes. For the three-fourths of Detroit teachers who receive a portion of their wages during the summer, the suspension of payments would equal the loss of five paychecks covering nearly 40 working days.
Judges with the Supreme Court of Cassation overturned a theft conviction against a Ukrainian man who stole $4.50 (€4.07) of sausage and cheese from a supermarket in Genoa in 2011, finding that he had taken the food "in the face of immediate and essential need for nourishment."In 2015, the man, Roman Ostriakov, was sentenced to six months in jail and ordered to pay a $115 (€100) fine. It took three rounds of court rulings before a case concerning $4 of goods was overturned "in a country burdened with [$69 billion] a year of corruption," hundreds of people become homeless in Italy every day,
Elderly man threatened with a knife last month by a man and a woman in a home invasion – the pair were looking to steal food.1 million people in the US may soon lose their government food stamp benefits if they fail to meet work requirements; will soon be a three-month limit on food stamp benefits for unemployed adults aged 18–49 who are not classified as disabled or raising minors; critics, claim the move could increase crime and hunger. 48.1 million Americans are currently living in a food-insecure household. Food banks gave away 4 billion pounds of food last year. The cost of eating has increased; risk of riots, civil unrest and number of hungry Americans.
Iran’s media reported on Tuesday that an immediate order has been issued by the relevant authorities to stop placing orders to import US-made cars into the country, will accordingly prevent imports of as much as 200 Chevrolet cars into the country that had a collective value of $7 million. Global brands including Fiat, Mercedes Benz, PSA Peugeot Citroën, Renault and Volkswagen have been negotiating over the same issue with the related Iranian officials.
Eligio Cedeño, a banker given asylum by the U.S. after he fled Venezuela in 2009 due to charges of financial corruption, has shown up in the Panama Papers.
On Monday, the US territory of Puerto Rico entered into default, after failing to make a $370 million bond payment. .Governor Alejandro Garcia Padilla issued an executive order on Sunday suspending payments on debt owed by the island’s Government Development Bank. cited concerns Puerto Rico would be forced to shut down schools, hospitals, and other vital functions in order to make the payment. The bonds on Puerto Rican debt are held almost entirely by powerful US hedge fund investors.
The US has long relied on financial sanctions as aweapon against its adversaries. In Russia's case, it turned out to be an “outright failure; the measures are harming US economic and geopolitical interests and carry major economic and political costs for the United States and its European allies. The sanctions have also encouraged Russia to create its own financial institutions, which chip away at the United States’ economic influence.” To lessen its dependence on Visa and MasterCard, Russia has made moves toward setting up its own credit-card clearing-house, moved ahead with the BRICS development bank to replicate the functions of the World Bank and the International Monetary Fund.
In a television address made Sunday, Puerto Rico's governor Alejandro Garcia Padilla said the island's Government Development Bank (GDB) will not make a $422 million payment due to its creditors by the end of business on Monday. Like many financially distressed governments around the globe, Greece, for example — Puerto Rico has been faced with demands from creditors and their consultants that the island undertake drastic spending cuts in order to create surpluses large enough to meet debt obligations. The Padilla government has resisted these proposals.
Workers on Sunday marked May Day across the globe with rallies in cities from Paris, to Istanbul, to Manila. "Turkish police fired tear gas and water cannon and detained more than 200 people after scuffles broke out at May Day celebrations in Istanbul. anti-government protesters tried to breach a ban on access to the main Taksim square."Hundreds of angry youths on the sidelines of a May Day labor rally hurled stones and wood at police in Paris, receiving repeated bursts of tear gas in response," the Associated Press reports."Similar fears about erosion of rights," sent "tens of thousands on to the streets of South Korea."In London, Labour Party leader Jeremy Corbyn attacked the politics of austerity, criticizing at a rally "a government that is more interested in tax relief for corporations, and tax relief at the top.
A total of 76 demonstrations are being held in the country, with few of the rallies are taking place in the capital. The biggest event was organized by the General Union of Workers (UGT) and Workers' Commissions (CCOO) in Madrid, where thousands of people marched through the city center. The slogan of the demonstration was "Against the social poverty, unemployment and low salaries.
Cities across Venezuela are increasingly agitated, as government offices closed their doors for the rest of the week in the face of a worsening energy crisis that is causing daily blackouts. Venezuela is among the world’s most violent countries, and crime generally spikes here when the lights go out. Looting and fiery protests starting spreading Wednesday in Caracas.The administration began imposing a four-hour daily blackout around the country this week to save electricity. Maduro warned that the water level behind the nation’s largest dam has fallen to near its minimum operating level because of a severe drought. If it gets much lower, the whole nation could be plunged into darkness.
In an interview Thursday in the New York Times, US President Barack Obama expressed his “frustration” at persistent belief of the American people that their economic circumstances are not improving. Obama declared that despite the fact that his administration managed the 2008 financial crisis “better than any large economy on Earth in modern history,” leading to an economic recovery that “outpaced that of every other advanced nation,” his efforts were,“vastly under-appreciated” by the US population.
Puerto Rico is $70 billion in debt,will be forced to begin defaulting if a deal is not reached by Sunday. The battle over whether to bailout the US territory, and on what terms, is now playing out in the US Congress. Battle lines are demarcated by which investment funds a member of Congress is aligned with. Some bailout proposals only help certain funds, while some will help others. Bill before the House of Representatives not really a bailout, contains no direct financial aid, only imposition of a control board to help manage Puerto Rico’s debt. would have authority to restructure Puerto Rico’s debt and potentially cost bondholders millions.
Fish farming and car dealing have become an alternative money generating resources for ISIS, after Russian and US-led strikes severely crippled the terrorist’s “traditional” oil smuggling businesses in Syria and Iraq, a new report by Iraq's central court of investigation revealed; generating millions of dollars a month,also comes from captured car dealerships and factories which once belonged to Iraqi government.
Venezuela's government has imposed a two-day working week for public sector workers as a temporary measure to help it overcome a serious energy crisis. Vice-President Aristobulo Isturiz announced that civil servants should turn up for work only on Mondays and Tuesdays until the crisis was over.Venezuela is facing a major drought, which has dramatically reduced water levels at its main hydroelectric dam.
Swiss Federal Customs Administration, reports that Venezuela has shipped 60 metric tons of gold worth $2.24 billion to Switzerland during the first three months of the year. That includes the 12 metric tons shipped in March with a value of $485.5 million. Venezuela is now down to just $7.8 billion in gold.
Russian President Vladimir Putin is on the verge of realizing a decade-old dream: Russian oil priced in Russia. The nation’s largest commodity exchange, whose chairman is Putin ally Igor Sechin, is courting international oil traders to join its emerging futures market. The goal is to increase revenue from Urals crude by disconnecting the price-setting mechanism from the world’s most-used Brent oil benchmark. Another aim is to move away from quoting petroleum in U.S. dollars.
Chinese debt levels have risen to a record 237 percent of gross domestic product, according to a report published in the Financial Times over the weekend, prompting warnings that the country could be heading for a Lehman-style financial crisis or a protracted period of low growth like that which has afflicted Japan over the past two decades. Debt in China, including both foreign and domestic borrowing, had climbed to $25 trillion as a result of a rapid expansion of borrowing since the global financial crisis in 2008–2009.
French protesters have again taken to the streets demanding reversal of controversial planned reforms to the labor law. Philippe Martinez, head of France's large CGT union, said the law would give the employers the freedom to short-circuit national regulation of basic worker rights. The government tried to water down the text of the law, abandoning some proposed reforms
Tuesday, the White House released a statement announcing an unprecedented military aid package for Israel. The statement called the expenditure the "single largest pledge of military assistance to any country in US history." United States has provided Tel Aviv over $3.1 billion annually in military aid since 2007, already the highest amount of foreign military aid offered to any other country. Tel Aviv scoffed at this appropriation level as insufficient and has since demanded $4.5 billion in US military aid per year.
Reuters reports that China's Securities regulator has ordered three major commodity exchanges to "control intraday speculation in commodity markets," ordering them to "curb trading for investors with no commodity industry background, didn't define what was meant by a lack of background in commodities.
Surging crude prices and a lagging domestic currency have increased Russian revenue with the country's economy showing signs of recovery. The country’s debt also declined in April.
The company sold 51.19 million iPhones January through March this year, down from 61.17 million in the same period a year ago. The iPhone accounted for 65 percent of Apple revenue.
Thousands of protesters in the Eastern European country of Moldova poured onto the streets of the capital, calling for resignation of the government and snap elections. Protesters accused Moldova’s government of being under the influence of a politically-connected business class that dictates policy.
People's Bank of China's (PBOC) vice-governor Chen Yulu admitted on Sunday previous reports that the nation's financial institutions are facing increased risks to their stability and performance stemming from excessive credit expansion in the previous years. A massive amount of non-performing loans, as well as indebtedness of risk-exposed industries such as stock market operations.
Sheriff’s deputies in Muskogee County, Oklahoma robbed a church and an orphanage of $53,000.
Eh Wah, 40, a refugee from Burma, who became a US citizen more than a decade ago, was traveling with the cash to deliver it to the intended recipients when he was targetted by modern day, state-sanctioned pirates — for a broken tail light. A K9 was called to the scene, and, naturally, alerted to the vehicle. As the Free Thought Project has reported in the past, drug dogs will alert to your vehicle nearly every single time they are brought out regardless of actually having drugs or not..Eh Wah was then released without charges and sent on his way — police kept his cash.
Rural northeastern Wisconsin residents are facing an ongoing drinking water crisis. Pollution from large-scale dairy farms known as Concentrated Animal Feeding Operations (CAFOs) and the failure of the Wisconsin Department of Natural Resources have created unsafe drinking water for thousands in Kewaunee County. Tainted water across the state of Wisconsin has become a serious problem. Since 2013, 64 Wisconsin drinking water systems have tested over federal lead contamination limits.
Pittsburgh Post-Gazette reported accounts of unusually candid comments by an oil and natural gas industry executive, Terry Bossert, at a Pennsylvania Bar Institute gathering in Harrisburg this April. “We heard Range Resources say it sites its shale gas wells away from large homes where wealthy people live and who might have the money to fight such drilling and fracking operations. Oil and gas operations in California are disproportionately located in poor and minority communities 5 million Californians living within a mile of an oil or gas well had a poverty rate 32.5 percent higher than that of the general population. :
China’s central bank has pumped 870 billion yuan (around 133.8 billion U.S. dollars) into the market this week to ease a cash strain at a time when previous liquidity tools are maturing and companies are facing peak tax payments.The People’s Bank of China (PBOC) on Friday conducted 240 billion yuan of seven-day reverse repurchase agreements (repo), a process in which central banks buy securities from banks with an agreement to resell them in the future.
Burkina Faso, Africa's top cotton producer; world's 10th largest cotton producer, said it was giving up Monsanto's GM Bt cotton because it had proved uneconomical. GM cotton, though producing higher yields, has caused a drop in crop quality. "Fibre length is key in textiles with longer ones tending to produce stronger yarns because they allow fibres to twist around each other more times, also enabling higher spinning speeds. But the shorter fibres now being produced from Burkina's GM cotton "means that in market terms it's an activity which is no longer attractive.
Saturday night a magnitude 7.8 earthquake struck Ecuador, killing over 525 people To meet the resource shortfall created by the tragic earthquake and exacerbated by a flat oil market, the President Correa on Thursday announced a one-time tax on the rich to pay for relief and reconstruction efforts. Any individual with assets in excess of $1 million will be required to contribute 0.9% of their wealth, while lower earners must hand over a day’s salary for every $1000 of their monthly income, up to $5000.
HANNOVER, Germany - About 35,000 protestors marched Saturday against the proposed Trans-Atlantic Trade and Investment Partnership (TTIP), a day ahead of Barack Obama's visit, police said. The president will use the annual CEBIT international trade fair in Hannover, northern Germany, to promote the deal, which would create the world's largest free trade area with approximately 800 million people. The protest was organized by the so called 'anti-free-trade alliance', made up of numerous associations, including trade unions, environmental activists and church groups, who fear the TTIP could threaten Germany's environmental and legal standards.
Iraqi warplanes targeted 20 tanker trucks, loaded with crude oil, in the Qayyarah oilfield, located on the west bank of the Tigris river; the airstrikes completely destroyed the convoy and caused a huge fire, whose thick and black smoke darkened the sky. At least eight terrorists were killed in the attack and eight others sustained injuries. The IHS Conflict Monitor reported on Monday that 43 percent of Daesh’s revenues are from oil trade, and the rest come from taxation, confiscation of businesses and property, drug smuggling, ransom, and the sale of electricity.
. The role of politics and political leaders today matters more than a good economic plan, ex-Finance Minister Alexey Kudrin said at the 17th April international scientific conference on Wednesday. "At short-term stages, the role of politics and political leaders is now higher than the role of a good and wise plan prepared by economists," Kudrin told the conference organized by the Higher School of Economics. Russia is currently on the threshold of new changes and is ready for reforms, the ex-finance minister said.
Iceland’s government is considering a revolutionary monetary proposal – removing the power of commercial banks to create money and handing it to the central bank. Under the so-called Sovereign Money proposal, the country’s central bank would become the only creator of money.
MOSCOW (Sputnik) — Oil prices climbed Friday after the US dollar index dipped by 0.07 percent to 94.59 points, according to market values.As of Friday morning, prices of crude oil Brent futures rose 1.48 percent to $45.19 per barrel. West Texas Intermediate (WTI) oil futures gained 1.53 percent, trading at $43.84 per barrel. The global oil market remains volatile after the OPEC cartel of the world's largest oil producers failed earlier this week to agree a crude output cap amid the ongoing production glut.
Tens of thousands of protesters have taken to the streets in Macedonia’s capital against a government decision to grant mass pardon to officials accused of fraud and corruption. Anti-government protests have also been held in the Greek capital of Athens against scheduled government job cuts and reforms. Hundreds of teachers gathered outside the Ministry of Education in Athens on Thursday, chanting slogans against Prime Minister Alexis Tsipras and Minister of Education Nikos Filis.
The United States was once the world's leading wheat exporter, but is losing its position to Russia and Canada due a stronger dollar, stagnant yields, rising competition and climate change. Nearly forty percent of the US crop goes for export, according to the Department of Agriculture. The acreage for winter wheat fell to its second-lowest since 1913. Russia is now the world’s leading wheat exporter and is monopolizing Middle East markets
The Cornucopia Institute, a public interest group of thousands of organic farmers and consumers, and two of its members have filed a lawsuit against the U.S. Department of Agriculture and Secretary of Agriculture Tom Vilsack, alleging unqualified individuals have been put in place to determine what is “organic;” unqualified individuals do not have the requisite experience and knowledge, and personal investment in certified organic production agriculture.
According to the Fed, 47 percent of all Americans could not come up with $400 to pay for an emergency room visit without borrowing it or selling something. Last year, it was reported that middle class Americans make up a minority of the population for the very first time in history. In 1971, 61 percent of all Americans lived in middle class households.
Researchers named fluoride as one of the key causes of a “pandemic of developmental neurotoxicity” in a peer-reviewed paper, government is likely still adding sodium fluoride to your drinking water. Fluoride named one of the industrial chemicals causing brain damage to hundreds of thousands around the world.’ In documents recently declassified, we also learn that one of the key ingredients for making the Atomic Bomb was fluoride. Most of the ‘proof’ that fluoride was safe for human consumption, even ‘good for people,’ was created by the scientists who helped create the A-bomb.
Internal Revenue Service continues to leave uncollected tax money on the table, the agency beefed up its surveillance capabilities in a move that alarms both conservative and liberal privacy advocates. Since 2006, the IRS has overseen an annual tax gap—the shortfall between taxes owed and collected—of about $385 billion. In 2009 IRS purchased a “cell-site simulator,” more commonly known as Stingray technology,trying to buy another; a Stingray device mimics a cellphone tower, tricking all mobile phones in an area into revealing their location and numbers. Authorities can deploy the powerful technology to tag and track an individual’s location in real time. advanced versions of the devices can be used to copy information stored on a cellphone and download malware remotely.
Central States Pension Fund; handles retirement benefits for current and former Teamster union truck drivers across various states including Texas, Michigan, Wisconsin, Missouri, New York,Minnesota, one of largest pension funds in the nation, filed an application to cut participant benefits, effective July 1 2016. Over a quarter of a million people depend on their pension being handled by CSPF; for most it is their only source of income.The Central States Pension Fund is currently paying out $3.46 in pension benefits for every $1 it receives from employers, resulted in $2 billion more in benefits than it receives in employer contributions; pays $2.8 billion a year in benefits, had $1.9 billion in total assets.
Rhode Island Board of Elections announced two-thirds of the state’s polling places would remain closed for the upcoming primary as a costs savings measure.According to WPRI, the Board of Elections plans to cut costs by opening only 144 of the state’s 419 polling places for the April 26 primary.
A Chinese-led consortium has agreed to buy Australia’s most iconic cattle company S. Kidman and Co. worth $289 million and covering for one percent of Australia’s landmass, n November, Australia's Foreign Investment Review Board blocked the sale of Kidman to an overseas buyer, saying the proximity of its Anna Creek station to a weapons testing range could compromise national security.
The Russian MICEX index has set a new record high reaching 1971 points at the opening of trade on Thursday. The index nudged ahead of the previous 2007 record of 1,970.50. Foreign portfolio investment in Russian equities has been on the rise this year, and Russian stocks have outperformed other developing economies. Credit Suisse advised investors to switch into Russian equities.
Treasury Secretary Jack Lew will announce Wednesday that abolitionist Harriet Tubman will replace former President Andrew Jackson on the $20 bill.The decision keeps Alexander Hamilton, one of the U.S. founding fathers, on the front of the $10 bill. Known as "Moses" to her people, Tubman is famous for helping lead slaves to freedom on the Underground Railroad. She also helped nurse ill Union troops, helped fight for the end of slavery and was a suffragist who advocated for women to have the right to vote.
Venezuelan Oil Minister Eulogio del Pino: Oil prices may plummet to $25 per barrel following the failure of oil producers to agree on production freezes during a recent meeting in Doha, The news triggered a sharp drop of about 4 percent in oil prices. Global oil prices plunged from $115 to less than $30 per barrel between June 2014 and January 2016, lowest levels since 2003 amid an ongoing glut in global oil supply.
Russian Energy Ministry says it’s ready to increase oil production and exports should Saudi Arabia go through with its threat to boost output after the failure of the Doha talks. The talks by major oil producers to cap production failed after Saudi Arabia, Qatar and the United Arab Emirates said they wouldn’t agree to a deal unless Iran was included. Iran said it wants to ramp up output to pre-sanctions levels of four million barrels per day, did not show up for the talks..
New Zealand’s National Party government is finalising its 2016 Defence White Paper, which will outline spending and strategic priorities for the country’s military. Australia’s Defence White Paper, released in February, announced a massive $A195 billion in spending over the next decade on military acquisitions, new submarines, warships, jet fighters, other military hardware to further integrate Australia into the US “pivot to Asia; the military encirclement and preparations for war against China, which the White Paper identified as a threat to Australian interests.
Neocons threatened the world with coercion and violence, attacking eight countries and fomenting “color revolutions” in former Soviet republics. The consequence of this was to create an economic and military strategic alliance between Russia and China too strong for Washington. China controls production of the products of many of America’s corporations. Europe is dependent on Russian energy. New Chinese missiles make the US Navy and its aircraft carriers obsolete; neocons are pressing for war with Russia which means also with China.
Silver up 22% so far, the rally has outshone gold’s 18% gain so far this year.Tuesday, silver shot up 4.5% to its highest level in 11 months. Now that China’s economy seems to be stabilizing, the expectation is that silver demand will pick up again.“Silver has more industrial applications, so it’s driven more by industrial demand,” Silver is now worth about $17 an ounce. Gold is trading at $1,254 an ounce.
Russian Prime Minister Dmitry Medvedev:t Russia could use internal sources for development without foreign borrowings.."We are solving our financial problems with the help of internal resources. This is our common victory. It means that we are can develop by using the internal sources," the Russian prime minister told Russian State Duma deputies on Tuesday as he gave an account of the government’s work in 2015."No one has forced us to our knees. Unlike other countries, we are not begging with an outstretched hand as we used to do in the 1990s. We are not waiting for the International Monetary Fund chief to come to this country so that we could beg him for some money in order to be able to run the budget.
General Electric (GE) Global Research has just announced the development of a prototype turbine which converts carbon dioxide into electricity. While the size of the turbine does not exceed that of a desk, the inventors say it could actually power a town of 10,000 homes; has the potential to help solve two critical issues of the modern world – CO2 pollution and energy crisis.
Chinese firms are expected to invest twenty to thirty billion dollars in the US in 2016. Investing funds abroad has become more attractive to Chinese companies seeking to hedge currency exposure because of the yuan's recent volatility. US authorities under pressure to resist investment from China, as the presidential campaign demonstrates anti-globalization and isolationist moods. Investment from China also runs counter to some of Washington's geopolitical strategies like the Trans-Pacific Partnership (TPP) trade agreement, which is designed to isolate and encircle China in global trade.
The maker of the iPhone has saved an estimated $40 million from recycling gold used in its devices according to the company’s Environmental Responsibility Report for 2015. Apple recovered tons of other material by stripping down old, broken and unwanted devices. The result was more than 61 million pounds of reusable metals.In addition to the 2,200 pounds of gold, the technology giant managed to extract 23 million pounds of steel, 13 million pounds of plastic, 12 million pounds of glass, 4.5 million pounds of aluminum, three million pounds of copper and 6,600 pounds of silver.
More than 7,000 oil workers in Kuwait have begun an open-ended strike to protest government plans to cut wages and benefits. The strike threatening a slash in production; union is aiming to reach their goals by halting output, also protesting plans to privatize parts of the industry... Kuwait government is considering a new payroll scheme for the country's 20,000 oil workers, meaning an automatic cut in their wages, benefits and incentives. Kuwait is OPEC’s third largest oil producer, eight percent of the world’s reserves extracts three million barrels per day.
Police in California will begin issuing tickets to speeding bicyclists Marin County parks officials launched a new enforcement program to enforce a speed limit on bicycles, cyclists will now be punished for riding over 15 mph..
The Zambian kwacha suffered the world's third-worst performance in 2015 falling 42 percent against the dollar, but has recovered to become this year's best performer. A report from ETM Analytics, obtained by Bloomberg, shows that Zambia's currency has surpassed gold, silver and 150 other currencies and precious metals to advance 19.9 percent against the dollar in 2016.Zambia accounts for 70 percent of Africa’s total copper production, and the metal makes up 60 percent of Zambia’s exports
The first class action alleges that the defendants, including The Bank of Nova Scotia, conspired to manipulate prices in the silver market under the guise of the benchmark fixing process, known as the London Silver Fixing, for a fifteen-year period. It is further alleged the defendants manipulated the bid-ask spreads of silver market instruments throughout the trading day in order to enhance their profits at the expense of the class. This alleged conduct affected not only those investors who bought and sold physical silver, but those who bought and sold silver-related financial instruments.
Organic food demand is so booming multiple efforts are underway to support the acquisition of organic farmland. Cost-Co, General Mills, rush for organic farmland. Cost-Co’s CEO, Craig Jelinek, the company can’t keep up with the demand for organic food. General Mills announced it will double its organic acreage with a goal of acquiring 250,000 acres, plans to achieve $1 billion in sales from organic and natural products. General Mills is the second largest purchaser of organic fruits and vegetables in North America.
The March for Health, Homes, Jobs and Education was organized by activist group the People's Assembly Against Austerity. The demonstrators called for an end to austerity, and demanded that David Cameron quit over the Panama Papers revelation that he profited from his father's offshore investment fund.
MOSCOW, April 14. /TASS/. Russian President Vladimir Putin: "Yes, certain drawbacks have been exposed," he said during his annual televised Q&A session officially known as "The Direct Line with Vladimir Putin. "I shall be honest, there are many of them. Everything is now carefully being examined; experts of many manufacturing companies went to the field "to tune up the equipment to the required condition." "The work continues," "Interest in our weapons, after operation in Syria has grown sharply," "We cannot meet the demands of the foreign market on some kinds of weapons, for example air defense systems; "three plants for production of this hardware had to be built.
MOSCOW (Sputnik) – Russian President Vladimir Putin expressed confidence Thursday that Russia would continue signing contracts on arms deliveries with international partners."This is how it will be," Putin said during his traditional Q&A session, answering a question on how Russia could consolidate the success of its arms which was demonstrated during its campaign in Syria to continue signing contracts with international partners. According to the president, international interest in Russian weapons increased sharply following the Syria operation.
Ford's sales in Russia from January to March are up 93 percent. Ford has invested more than $1.5 billion in Russia since 2011.. Last year, the car market in Russia shrank nearly 40 percent due to the economic recession. Ford sales jumped 93 percent in the first quarter of the current year, after the company continued investing in plant and new models in 2015.
Air traffic controllers at Brussels Airport, Belgium’s main aviation hub, struck in unofficial wildcat action for a second day on Wednesday. They are protesting plans of air traffic agency Belgocontrol to raise their pension age from 55 to 58. The strike, involving around 80 controllers, began 5pm Tuesday and led to the delay and cancellation of dozens of flights. For about an hour Tuesday evening, all take-offs and landings were cancelled. Hundreds of flights were cancelled on Wednesday.
Russian Energy Minister Alexander Novak: Russia received information from Qatar 17 countries will be participating in a meeting in Doha dedicated to oil producing states to discuss freezing the extraction of oil. The Organization of the Petroleum Exporting Countries (OPEC) members and non-OPEC oil producers are expected to discuss freezing oil output to curb oversupplies.
Cannabis earned the state nearly $70 million in taxes in 2015, nearly double the $42 million collected from alcohol taxes. Legalization has also created thousands of jobs for residents. This is the first year that taxes from sales of marijuana in Pueblo County will go toward college scholarships for seniors.
39,000 Verizon workers walked off their jobs Tuesday at hundreds of locations, set up picket lines in New York, Boston, Philadelphia, Washington, DC and other cities. Workers are opposing stagnating wages, attacks on pensions, increased health care costs, outsourcing and the demand to transfer workers across wide geographic areas for extended time periods with little or no advance notice; part of a growing mood of resistance among workers in the US and internationally. The company makes $1.8 billion in profits each month.
A study published Monday in the Journal of the American Medical Association (JAMA) provides more evidence that life expectancy in the United States is chiefly determined by economic class. Higher income is the most critical factor in longevity, the study found, with the gap between the richest one percent and poorest one percent of individuals averaging 14.6 years for men and 10.1 years for women.The study was based on income data derived from 1.4 billion tax records between 1999 and 2014 of individuals aged 40 to 76, and death records obtained from the Social Security Administration.
Wall Street bank Goldman Sachs has agreed to pay $5.06 billion to settle claims it misled mortgage bond investors during the 2008 financial crisis, the US Department of Justice said on Monday. Settlement is related to the bank’s “conduct in packaging, securitization, marketing and sale of residential mortgage-backed securities between 2005 and 2007. This resolution holds Goldman Sachs accountable for its serious misconduct in falsely assuring investors that securities it sold were backed by sound mortgages, when it knew that they were full of mortgages that were likely to fail,.
The United States is dropping bombs on people at such a furious rate, munitions manufacturers have been unable to keep up with demand. U.S. military conducting bombing missions in Iraq, Afghanistan, Syria and elsewhere. Saudi Arabia employed U.S.-made bombs in Yemen. The spike in demand for weapons of war since the attacks in Paris have sent stock prices and arms sales through the roof.
Today capitalism is being financialized. Few earned their billions by producing goods and services sold to consumers. They got them through political connections and purely financial transactions. When the Soviet Union fell apart well connected individuals in Russia and Ukraine, ended up with massive holdings that formerly were state properties. In the US billionaires result from bank lending for leveraged takeovers of companies. Often the company and its employees are ruined. For the past two decades Western economies have served no one but the very rich. The money elevates the political power of individuals. Oxfam, an international charity headquartered in Oxford, England, reports that 62 billionaires own half of the wealth in the world. Warren Buffett, one of the richest mega-billionaires, said his secretary’s tax rate was higher than his. If governments do not rectify this, revolution will.
Clashes broke out in France Saturday as tens of thousands of people joined demonstrations in several cities to protest against labor reforms by the government.Police fired tear gas in the capital Paris and the western city of Rennes as people were out for the sixth consecutive day to urge the government to withdraw the labor reforms bill.. At least three police officers were injured.
Organic food demand is exploding; organic food sales $37 billion annually, up 12% from just a year ago, farmers switching to organic crops at a growing rate. The masses are seeing how toxic our current approach to agriculture can be. .Awareness growing on the potential dangers of GMOs and the very negative impact pesticides and herbicides have on human health and the environment,
Russian Deputy Prime Minister Dmitry Rogozin : Russia will continue delivering weapons to Azerbaijan and Armenia as its strategic partners under existing contracts. Both these countries are our strategic partners," Rogozin said. Azerbaijan is a large partner of Russia on the weapons market. In 2010-2014, Moscow signed contracts with Baku on the delivery of helicopters, anti-aircraft missile systems, tanks and artillery systems, estimated at $4 billion. Moscow also supplies armaments to Armenia, including armored vehicles, communications, and other military hardware.
Japan introducing an alternative to cash and credit cards, hopes the move will attract more tourists. Tests are starting this summer. The system will calculate how much money a customer has based on a fingerprint. Japan hopes to have it up-and-running in time for the 2020 Tokyo Olympics. A version already exists at a bank and a theme park in Nagasaki Prefecture. Customers there can make payments at over 30 restaurants and businesses. You only have to go through one scan when arriving to Japan, customer places two fingers on a scanner to complete payment.
The World Trade Organisation reported earlier this week that 2016 will see the growth in world trade fall below 3 percent for the fifth consecutive year, the slowest rate since the 1980s. The WTO said the volume of world trade would increase by only 2.8 percent this year, the same as in 2015. Significantly, it did not predict a bounce back in trade as it has in recent years. In the wake of the global financial crisis of 2008, world trade plunged in 2009, at one point falling at an even faster rate than at the beginning of the 1930s. WTO economists wrote that “such a long, uninterrupted spell of slow but positive trade growth is unprecedented.”
worldwide crisis in the steel and iron ore industries, in which hundreds of thousands of workers’ jobs are being destroyed—half a million of them in China alone. Workers in Australia, like those in China and around the world, are being made to pay for a colossal breakdown in the world capitalist economy .
The central parity rate of the Chinese yuan, or renminbi as it's also known, weakened 91 basis points against the US dollar on Wednesday with analysts forecasting its further weakening by the end of the year.
Stockholm International Peace Research Institute report: Spending on weapons and other military costs grew by more than one percent in 2015, marking the first year of growth in total military purchasing by governments worldwide since 2011.Total military purchases reached $1,676 billion in 2015, or nearly $1.7 trillion, consuming some 2.3 percent of global gross domestic product (GDP), SIPRI found. The United States remained leading financier of militarism worldwide, spending nearly $600 billion.,
China’s e-commerce site Alibaba has become the world’s largest retail platform, according to a US Securities and Exchange Commission (SEC) filing released on Tuesday; the Chinese retailer said it had reached 3 trillion yuan (about $476 billion) in Gross Market Value (GMV)...
100 global newspapers, in collaboration with the International Consortium of Investigative Journalists (ICIJ), began releasing reports on corruption, money laundering and other fraudulent activities by leading global politicians and business people disclosed in what the ICIJ called the “biggest leak of inside information in history” based on 11.5 million confidential documents from the Panamanian corporate service provider Mossack Fonseca that provide detailed information on more than 214,000 offshore companies.
Between 2014 and 2015, domestic certified organic operations increased by nearly 12%, according to the Agricultural Marketing Service’s (AMS) National Organic Program (NOP). “Organic food is one of the fastest growing segments of American agriculture,” says agriculture secretary Tom Vilsack.
Crude prices slid to their lowest level since March 4 after the US Energy Information Administration reported gasoline demand fell for first time in 14 months. Another reason for oil prices being pushed down is Russian production that hit a 30-year high in March.
Christoph Leitl is a member of the Austrian People’s Party and president of the Austrian Federal Economic Chamber :.Western sanctions against Russia make no sense. Russia is one of the most important partner for Brussels, contributed a lot to resolving Syrian crisis. Putin’s idea of a free trade zone across the continent in 2010 was supported by many European leaders and politicians. The initiative would strengthen the positions of Europe among other global regions.. Next week, Leitl will join Austrian President Heinz Fischer during their visit to Moscow.
IMF officials said a threat of an imminent financial disaster was necessary to force a “decision point,” leveraging German Chancellor Angela Merkel on debt relief and Greece into accepting IMF “measures” against pensions and working conditions,
UK supermarket Waitrose to remove all of Monsanto’s Roundup herbicide bottles from their shelves. Other businesses in the UK, like German retailer REWE (toom Baumarkt), have also removed glyphosate-based products from their stores. French Environment and Energy Minister Ségolène Royal hasasked stores to stop selling Roundup. Sri Lanka’s newly elected president, Maithripala Sirisena, has announced import of Monsanto’s glyphosate, will no longer be allowed in the country.
Lt. General William Boykin (retired) told TruNews Radio Tuesday that the U.S. economy of the United States “is just about the break” and collapse. And when the dam gives way, severe food shortages and pervasive violence throughout America will warrant, in his opinion, an executive declaration of martial law.
inner cities is you will see riots, civil unres;t for the ;majority of Americans living in cities and adjacent suburbs, food shortages can emerge within 24 hours..
The world’s largest crude exporter Saudi Arabia plans to create a huge sovereign wealth fund for the country’s most prized assets to prepare for a post oil era, said Deputy Crown Prince Mohammed bin Salman. The Public Investment Fund (PIF) will eventually control more than $2 trillion and help the kingdom to shift from oil which has seen falling prices strain Saudi Arabia's finances.
Tens of thousands of impoverished, unemployed adults were cut off food stamps Friday, the first wave of a social catastrophe that could affect more than one million people this year. 22 states began terminating benefits for “Able-Bodied Adults Without Dependents, These adults, aged 18 to 49 years without children, are generally the poorest section of the working class, earning only 17 percent of the official poverty rate, an average of barely $150-170 per month in income, eligible for 90 days of food stamp benefits unless they have paid employment or job training for at least 80 hours in a month plunging hundreds of thousands overnight into hunger and destitution...
Coalinga,California city council voted 4-1 in favor of ordinance to allow commercial cannabis cultivation at the empty Claremont Custody Center;. also voted for ballot initiatives to let citizens decide if the town should host cannabis dispensaries, and if these operations should be taxed. .Adelanto,California a former prison town, turned to cannabis cultivation to save its economy,. revenue projections from cannabis facilities are more than their general fund, would provide 55 jobs in the first year of business.
British financial giant HSBC and American bailout kingpin Citibank processed transactions, managed money and vouched for Unaoil, a once-obscure firm that is now at the center of a massive international corruption scandal. Police raided Unaoil’s Monaco offices and interviewed its executives on Thursday, a day after The Huffington Post and Fairfax Media first exposed the company’s practices. Law enforcement agencies in at least four nations are involved in a wide-ranging probe of the company and its partners.
Nathan Athans said he planted the garden in his front yard because it gets optimal sunlight. His backyard only gets sunshine for about two hours per day, and only in certain areas;.given four days to tear out the entire garden or face a fine because it is in their front yard, and city officials and a few neighbors don’t like it. Athans isn’t the first to be subjected to harassment over growing his own food. People have been charged with crimes, threatened with jail time, and had their property destroyed for growing gardens in their own yards.
After an ongoing FBI investigation revealed incriminating information, Brad Harris, CEO of Novus Health Care Services, is being accused of ordering nurses to hasten the deaths of patients. Investigation began in 2014, when Novus was facing allegations of offering services to patients who did not apply for them. Novus was also accused of collecting funds for “unnecessary” services and procedures. During the investigation, Harris’ underlying scheme was discovered. Text messages the CEO sent to employees revealed he regularly instructed nurses to overdose patients with medication, often morphine, to hasten people’s deaths. “You need to make this patient go bye-bye,” read one text from the executive. FBI alleges Harris “instructed a nurse to administer overdoses to three patients and directed another employee to increase a patient’s medication to four-times the maximum allowed.” Both the nurse and the other employee refused to carry out the orders.
California plans to delay state-required warnings on metal cans lined with the chemical BPA, arguing too-specific warnings could scare stores and shoppers in poor neighborhoods away from some of the only fruits and vegetables available — canned ones, officials said Thursday. Instead, the state on May 11 will require stores to post general warnings at checkout counters about the dangers of BPA and note that some canned and bottled products being sold have liners with the toxic chemical..
American College of Physicians (ACP), a group of 143,000 internal medicine doctors, on Tuesday published a position paper calling on the government to do more to regulate the skyrocketing costs of pharmaceutical drugs. U.S. is one of the only economically advanced countries in the world that does not have any government regulation of drug prices. “In the United States we pay much more for prescription drugs than other countries.
Federal officials on Tuesday charged 13 current and former Detroit Public School (DPS) principals with engaging in a long-running kickback and bribery scheme. Along with the 13 principals, Norman Shy, owner of Allstate Sales and an approved DPS school supply vendor, was charged in U.S. District Court in Detroit in connection with the kickback scheme.also charged with federal income tax evasion. .All of the defendants face up to five years in prison, fines of up to $250,000.
Your donation helps provide a place for people to speak out.
Not tax deductible. email@example.com
|Search the Site||Search the Web|
|<< <||> >>|