Germany’s biggest bank posted a net profit of €20 million in the second quarter of the year. This is down from €796 million in the same period in 2015. Deutsche Bank chief executive John Cryan:"If the current weak economic environment persists, we will need to be yet more ambitious in the timing and intensity of our restructuring," he said on Wednesday.Overall, Deutsche Bank’s shares have lost about 44 percent of their market value in 2016
Study recently released by the National Center for Health Statistics (NCHS) shows that Americans spend $30.2 billion on complementary health approaches each year. Natural product supplements like fish oil, probiotics more popular. The world’s second-largest retailer, Costco, announced this year thatorganic sales had jumped 72 percent since 2008, with its organics sales totaling $4 billion last year..
Republican White House nominee Donald Trump suggested Sunday that the United States could pull out of the World Trade Organization if he is elected president during a interview. has already threatened to renegotiate or rip up the North American Free Trade Agreement. He said he would slap punitive import taxes of up to 30 percent on firms that moved manufacturing activities abroad, citing NAFTA partner Mexico as an example. Said that French and German citizens could face “extreme” vetting at US borders in light of recent terror attacks in both countries.
Africa’s continental body, the African Union (AU) has announced that it has launched for the first time, a single passport for all citizens on the continent. The AU consists of 54 countries. The only country in Africa, which is not part of the Union, is Morocco.The common passport will grant visa-free access to all 54 member states of the Union, promoting freedom of movement, will increase trade and investment among countries in the Union.
"Between mid-October 2015 and mid-May 2016 ("review period"), WTO Members applied 154 new trade-restrictive measures, amounting to 22 new measures per month… WTO Members must individually and collectively resist protectionist pressures. The best safeguard we have against protectionism is a strong multilateral trading system," the report reads.
The world’s energy markets continue to be held down by Saudi Arabia’s death march of overproduction in its bid to strip market share from competition nations and faces a host of potential geopolitical tremors that could send prices into a free-fall.
Three people have been charged in an unprecedented $1 billion health care fraud scam, accused of using dozens of Miami nursing homes to bilk the taxpayer-funded Medicare and Medicaid programs, according to an indictment unsealed Friday. Assistant Attorney General of the Justice Department’s Criminal Division Leslie Caldwell:“This is the largest single criminal health care fraud case ever brought against individuals by the Department of Justice. Philip Esformes,ran 30 nursing homes and assisted living facilities, joined with two conspirators and a complex network of corrupt doctors and hospitals to refer thousands of patients to their facilities even though the patients did not qualify for the services. Some of the treatments were harmful, they added.
Center for Continuing Study of the California Economy (CCSCE) released a report titled “California Jumps to the World’s 6th Largest Economy; Leads All States in Growth in 2015.” With a $2.46 trillion gross state product (GSP) in 2015, California’s economy is now behind only the US, China, Japan, Germany and the United Kingdom, having surpassed France and Brazil’s gross domestic product (GDP). California is, at the same time, the state with the highest poverty rate in the US.
A New Mexico woman has been awarded $475,000 by US Customs and Border Protection for being forced to undergo cavity searches and then being charged for the invasive and unnecessary procedure; no drugs were found, according to court documents.
Thousands of people have held protest rallies across Argentina against an increase in consumer utility prices ordered by the conservative government. President Mauricio Macri cut energy subsidies and raised energy rates after taking office late last year. He said frozen tariffs during the previous government had left Argentina’s economy on the brink of collapse.
Trump: "No longer will we enter into these massive deals, with many countries. Instead, I will make individual deals with individual countries," "enforce all trade violations" through the imposition of "taxes and tariffs, against any country that cheats" and to renegotiate trade agreements with individual states, particularly China.
The expected asset seizures would be the U.S. government’s first action tied to the 1MDB investigation. Among the properties the US is looking to confiscate, are Van Gogh paintings, Beverly Hills properties, a private jet, ultra high end real estate in NYC and LA, and the rights to profits from the hit movie The Wolf of Wall Street. Global scheme to siphon more than $3.5bn from the Malaysian government fund; first time Malay prime minister, Najib Razak, has been officially tied to the scandal, The actions by U.S. authorities threaten to upend the country’s relationship with Malaysia, a moderate Muslim nation that has long been an important U.S. ally in Southeast Asia, and may force Malaysia to enter China's sphere of influence in exchange for protection from US retaliation.
Goldman Sachs Group, one of the biggest US-based financial services corporations, reported an unexpected and stunning 74 percent year-on-year rise in their second quarter profits. This windfall was mainly due to the recent influx of capital into the bond market, which resulted in debt gaining value, including US Treasury papers. Goldman, which is heavily reliant on trading, skimmed the cream off the hot bond market, while several rounds of layoffs helped cut expenses.
The United States will sell the United Arab Emirates $785 million worth of bombs. UAE will receive 14,640 bombs and guidance kits, which turn unguided bombs into precision munitions with navigation systems, along with other munitions. The UAE is a key US ally in the region in the so-called fight against Daesh and the country’s Al Dhafra Air Base hosts about 3,500 US troops and fighter and reconnaissance aircraft used against the Takfiri terrorists.
Erdogan's historic purge of dissidents and adversaries - many in the country's educational system - continues, according to the latest count, a 50,000 soldiers, police, judges, civil servants and teachers have been suspended or detained since the coup attempt, stirring tensions across the country; has spooked Turkish investors sending local markets and the currency sliding on concerns Erdogan is going to far with his retribution.Turkey said it would announce emergency measures on Wednesday to try "to shore up stability and prevent damage to the economy.
Civil asset forfeiture officially ends in Nebraska as reforms to asset forfeiture laws passed in the spring go into effect. Under the new law, the state can no longer take property without a criminal conviction. The legislation also takes on federal forfeiture programs by banning prosecutors from circumventing state laws by passing cases off to the feds in most situations.
For the second year running, Russia is the world's top wheat producer with exports of 22.5 million metric tons of grain this year, according to the US Department of Agriculture. Russia has won contracts to exports 120,000 tons of wheat to Egypt. In the fall, as soon as the new crop is harvested, Russia will start supplying wheat to China, its low-price strategy which has increased its market share.
The party platform approved at the Republican National Convention in Cleveland offers official support for reinstating the Glass-Steagall law, which separates riskier securities trading from traditional commercial banking. The move would require busting up the six largest banks in America.“We support reinstating the Glass-Steagall Act of 1933 which prohibits commercial banks from engaging in high-risk investment,” the platform reads. The GOP platform language is an economic policy earthquake. Republicans have long opposed financial regulation in any form.
Coalinga, California city counci voted 4-1 in April to allow marijuana cultivation within city limits, sell an abandoned prison formerly known as the Claremont Custody Center,for $4.1 million, which totally wiped clean the city’s $4 million debt to Ocean Grow Extracts. The prison be used to cultivate marijuana, and turn it into cannabis oil products, expected to create 100 jobs. This prison probably incarcerated harmless pot offenders over the years.
In a bid to limit needless government spending, the Russian Ministry of Finance has proposed putting a cap on the price civil servants can pay to purchase software, as well as on the power of cars that they are allowed to rent.
BANK RUNS taking place right now throughout Italy. Reports of lines of people at ATM's are draining the automatic tellers of all cash. This comes after weeks of speculation about the health of several Italian banks, including the oldest Bank Monte dei Paschi, which has been in business since the year 1472 - twenty years before Columbus discovered America. Italian banking stocks have declined 68 percent since the beginning of 2016.
Venezuela's President Nicolas Maduro has slammed a major bank in the United States for a decision to close accounts belonging to the Venezuelan government, saying the move amounts to imposing financial blockade on the Latin American country.
Spain will hold a tax reform, particularly in the area of corporations' income, to reduce the budget deficit, acting Spanish Minister for Economy and Competitiveness Luis de Guindos said Tuesday. "We will propose measures in the field of tax on corporations' income. This reform will help to collect the taxes in the amount of 6 billion euros [$6.6. billion],"
Tens of thousands of Venezuelans have crossed the border into neighboring Colombia to buy essential goods amid shortages caused by a decline in oil revenues, acute economic crisis in Venezuela. The crowd flooded the nearby Colombian cities of La Parada and Cucuta to get much-needed food, medicine and other basic stuff. Venezuelan President Nicolas Maduro ordered the border with Colombia to close last year to crack down on smugglers.
Smith & Wesson stock opened near an all-time high on Friday after five police officers were killed and seven were injured in a shooting in Dallas. The gunmaker’s stock opened at $29.75 a share. Stocks for Smith & Wesson rose about 3% on Friday while stocks for fellow firearm manufacturer Sturm Ruger went up by 5%. The shares surged in anticipation of higher gun sales due to fears of stricter gun control policies following the worst mass shooting of police in US history.
International Monetary Fund managing director Christine Lagarde has pointed to the danger of world war as protectionist trends deepen in the global economy. She expressed the hope that the world had not reached a “1914 moment.”The warning came in an interview with the Financial Times on Wednesday, in which she was asked what would be the consequences of the growth of trade conflicts and economic protectionism. She said “waves of protectionism” in the past had “preceded many wars.”
Four former Barclays bankers who rigged global interest rates have been jailed for a total of more than 17 years. Peter Johnson and Jonathan Mathew who were based in London tweaked the bank's Libor rate in a way that benefited their US co-conspirators, traders Jay Merchant and Alex Pabon. Peter Johnson and Jonathan Mathew agreed to fix US dollar Libor. Information they submitted affected Libor calculations across all banks. Rigging took place in the lead up to the 2008 financial market crash .
50 days before the Games begin; financial crisis is preventing the city from honoring its commitments to the Olympic and Paralympic Games. The governor said crisis is so severe it could result in “a total collapse in public security, health, education, mobility, and environmental management. UN Assistant Secretary-General Jean-Paul Laborde said July 5 the risk of terrorist attacks at the Rio Olympics is still high .Rio’s police warned people heading to the Games won’t be protected because officers aren’t being paid. 200 scientists signed a letter stating 2016 Games in Brazil puts the world at risk for a global Zika outbreak. Drug-resistant bacteria discovered growing off of the shores of some of Rio de Janeiro’s beaches where Olympic sailors are scheduled to compete.
Russia's Central Bank started buying Chinese yuan-denominated assets in the fourth quarter of last year, as Moscow seeks to diversify its foreign currency reserves and reduce its dependence on the US dollar.
Iceland’s capital has announced that it will boycott all Israeli products until Palestine is freed from occupation. On Sunday, Reykjavik’s municipality voted for the boycott, and promised to continue the embargo “as long as the occupation of Palestinian territories continues.” The vote is part of the Boycott, Divestment and Sanctions (BDS) movement against Tel Aviv.
Tens of thousands have rallied in central Paris Tuesday afternoon against the controversial labor reforms bill. Unions called for demonstrations across France after the Socialist government invoked a special article in the Constitution that allowed it to force contentious labor reforms through the National Assembly despite opposition from its own party members.
Russian Prime Minister Dmitry Medvedev said on Tuesday the country is gaining momentum as one of the world’s leading exporters of agricultural products. According to Medvedev, everything has been done to transform agriculture from import to export, and that the “Russian market reached such a quality that domestic and foreign consumers could chose Russian products without hesitation.”
A court in Britain has found three former Barclays traders guilty of Libor manipulation between 2005 and 2007. The men are expected to be sentenced on Thursday. Jay Merchant, 45, Jonathan Mathew, 35, and Alex Pabon, 38, were found guilty of trying to rig the benchmark interest rate known as Libor. Libor is the interbank offered rate, and is fundamental in global finance affecting trillions of dollars of contracts and loans worldwide, including mortgages and bonds.
In the wake of last week’s vote in Britain to exit the European Union (EU), the Chinese government, like its counterparts around the world, is grappling with the far-reaching economic and geo-political implications of the referendum outcome. Britain’s exit from the EU has undermined China’s trade and investment strategy towards Europe, which sought to develop the UK as a European base of operations.
Silver prices have reached a 23 month high. Several factors appear to be influencing these gains, including a weakening dollar, and the fact that the Fed may cut interest rates in light of the Brexit vote. The Brexit vote fueled the price of gold after the British pound fell precipitously on June 23rd.
The European Union has formally extended economic sanctions against Russia until January 31, 2017, the EU Council announced in a statement on Friday. The sanctions limit access to EU capital markets for a number of Russian financial institutions, as well as energy and defense firms. Restrictions on arms trading and certain types of oil production technology will also be extended.
Jamaica is contemplating giving tourists arriving in the country the chance to get high as soon as they clear customs. Talks are underway on installing cannabis kiosks at airports and seaports, which Jamaica believes could boost government revenues.
Russian President Vladimir Putin has ordered his government to start the process of normalizing trade ties with Turkey, seven months after Ankara-Moscow relations went into a downward spiral following Turkey’s shooting down of a Russian jet last year.
Two days before a potential historical default, Puerto Rico Governor Alejandro Garcia Padilla made it clear that the commonwealth won’t pay bondholders even as Congress votes on a bill allowing the island to restructure its $70 billion in debt.“On July 1, 2016, Puerto Rico will default on more than $1 billion in general obligation bonds, the island’s senior credits protected by a constitutional lien on revenues,”said the commonwealth couldn’t raise enough to cover what’s owed to bondholders even if he shut down the government. The island has $2 billion in principal and interest payments due Friday.
Trump told supporters, “we got here because we switched from a policy of Americanism, focusing on what’s good for America’s middle class, to a policy of globalism — focusing on how to make money for large corporations who can move their wealth and workers to foreign countries, all to the detriment of the American worker and the American economy itself.”
The demonstration in the French capital attracted at least 55,000 participants, according to the organizers. More than 2,500 officers were deployed. Similar demonstrations have taken place across the country.
European stocks extended their losses on Monday with the British pound falling to its lowest level in almost 31 years in the wake of the economic and political uncertainty following the UK’s historic vote to leave the European Union.
Food prices are expected to rise after the UK voted to leave the European Union (EU), because of the country’s dependence on imports and devaluation of the pound. British farmers get about £3 billion in subsidies from the EU annually.
"Citizens of Great Britain have decided to refuse the diktat from Brussels. Now eight more countries want to hold referendums to exit the EU – France, Holland, Italy, Austria, Finland, Hungary, Portugal, and Slovakia all could leave. Italian ministers warned on Saturday that the European Union MUST change course or risk total collapse after Britain’s vote to leave the bloc.
Panama is preparing to officially open its canal this weekend to far bigger cargo ships after nearly a decade of expansion work aimed at boosting transit revenues and global trade.President Juan Carlos Varela will unveil the new locks and third shipping lane built into the 102-year-old canal. Foreign dignitaries, including the presidents of Taiwan, Chile and other Central American nations, will be present at the ceremony.
In the wake of Britain's unprecedented vote to leave the European Union on Thursday, reaction was tumultuous: Prime Minister David Cameron resigned, global financial markets were plunged into volatility, various nations consider their next moves; nationalist parties in Sweden, France, the Netherlands, and Denmark demand their countries also hold referendums on whether to leave or remain in the EU.
Prime Minister Dmitry Medvedev: "A referendum on the United Kingdom’s exit from the European Union has taken place," the prime minister said. "Certainly I would like to note this is a internal affair of the Britons. However, it’s obvious the results of this referendum are important not merely for the UK citizens and the European Union but for the global economy on the whole," it is important to analyze Brexit consequences now and the Russian government will decide on measures for the national economy.
With delivery trucks under constant attack, the nation’s food is now transported under armed guard. Soldiers stand watch over bakeries. Police fire rubber bullets at desperate mobs storming grocery stores, pharmacies and butcher shops. A 4-year-old girl shot to death as street gangs fought over food..
UK is unlikely to immediately leave the European market and stop financing the EU funds. At the same, they are likely to immediately cancel control of the European Supreme Court over their national security as well as undertake decisive measures to limit immigration. To leave the EU, the UK also needs to undergo a number of procedures. In particular, it must inform the European Council about its intention to withdraw from the Union. The European Council will then decide on the principles on the basis of which the UK's withdrawal will be discussed.
Stock markets from Tokyo to London collapsed on Friday as Britons voted to leave the European Union and David Cameron announced plans to resign as prime minister. The British pound suffered its biggest plunge since 1985, while the euro saw its biggest fall ever. More than £100 billion was wiped off the FTSE 100 as the index plunged almost eight percent at the start of trade in London. It was the biggest market fall in UK history. Germany's DAX and the CAC 40 in Paris were down as much as eight percent.
Britain voted to leave the European Union (EU) in yesterday’s referendum by a narrow margin—51.9 percent to 48.1 percent on a turnout of 72 percent. In response, Prime Minister David Cameron announced that he was standing down, but not until the Conservative Party conference in October. The referendum result has sent a seismic shock, not only through Britain but Europe and the world. It confounded the expectations of the financial markets, hedge funds, bookmakers and the political establishment. The UK is the fifth largest economy in the world and the second largest in Europe.
During the 12 months ending June 30, the number of people leaving California for another state exceeded by 61,100 the number who moved here from elsewhere in the U.S., according to state Finance Department statistics. The so-called “net outward migration” was the largest since 2011, when 63,300 more people fled California than entered.“The main factors are housing costs in many parts of the state, $2,100 a month in rent, $1,900 a month for child care.
"Agricultural production results: over last four months,a five percent growth in exports of agricultural products […] and an increase of 30.5% in physical volumes of agricultural products' supplies abroad,"; Russia's First Deputy Minister of Economic Development Alexei Likhachev, many other sectors of Russian economy demonstrated significant slowdown.
Israel Military Industries Ltd. (IMI Systems)announced it would sell 150 million worth of small caliber ammunition to the US civilian market. The agreement involves IMI's Yitzhak plant, where IMI manufactures light ammunition, and three major distributors of premium ammunition in the US market. IMI said that the types of ammunition involved, which were used by armies and were relatively expensive, were designated for sportsmen, firing ranges, and hunters.
Trump: "Here is my promise to the American voter," said. "If I am elected President, I will end the special interest monopoly in Washington, D.C." "The other candidate in this race has spent her entire life making money for special interests – and taking money from special interests."She ran the State Department like her own personal hedge fund – doing favors for oppressive regimes, and many others, in exchange for cash."Together, she and Bill made $153 million giving speeches to lobbyists, CEOs, and foreign governments in the years since 2001."The choice in this election is a choice between taking our government back from the special interests, or surrendering our last scrap of independence to their total and complete control.
On the eve of Thursday’s referendum on the United Kingdom’s membership in the European Union (EU), an event that threatens to substantially destabilize the world economy, the World Trade Organization (WTO) has warned that protectionism is on the rise as world trade stagnates. The threat by Britain to leave the EU is only the most visible expression of growing tendencies toward economic nationalism and autarchy, expressed in the rise of right-wing nationalist politicians such as Donald Trump in the United States, Nigel Farage in Britain, Marine Le Pen in France, and similar figures in other countries.
The International Monetary Fund is warning the United States to tackle poverty, downgrading its forecast for the country’s economy this year. IMF released an annual assessment of the US economy Wednesday, saying approximately one in seven Americans live in poverty. The US was urged to raise the minimum wage and offer women paid maternity leave in an effort to deal with poverty."Not only does poverty create significant social strains, it also eats into labor force participation, and undermines the ability to invest in education and improve health outcomes,” said IMF Managing Director Christine Lagarde.
Thousands of Brits have rushed to buy foreign currency during the last week over fears the pound will drop more than 20 percent if the UK votes to leave the EU.The Post Office reports sales of currencies are 74 percent higher this week than they were during the same week last year while online purchases jumped by 381 percent. Royal Mint – which produces gold and silver coins – says its sales soared by a third in June.
Transnational corporations are wreaking havoc on financial, economic, social and ecological systems in a creeping colonisation of public life where just 147 organisations now controls 40 per cent of global trade..
Maine Gov. Paul LePage threatening to completely eliminate Maine’s entire food stamp program unless the United States Department of Agriculture allows the state to restrict food stamps from being used to buy sugary foods and drinks; state has cut more than 40,000 people from receiving SNAP benefits between 2014 and 2015
Civil asset forfeiture carried out by the IRS on the premise of “structuring” violations; depositing or withdrawing just under $10,000 from your bank account multiple times is viewed as suspicious and possibly criminal activity. Between 2007 and 2013, the IRS seized $43 million in over 600 cases where only “structuring” violations were committed.
Hunter’s Warehouse Owner Tom Engle told the FOX Business Network’s Stuart Varney Saturday that his online gun shop, which carries an inventory of 300,000 to 400,000 weapons, has sold 30,000 AR-15s since Sunday. The Islamic State-supporting killer was actually armed with a Sig Sauer MCX carbine during last Sunday’s attack. The semi-automatic AR-15, which is routinely confused as being a “machine gun” or fully automatic weapon, is one of the most popular rifles in the United States. Engle noted that the price for AR-15s ranges from $350 to $8,000.
Since June 1, a dozen members of the group Food Not Bombs. an international political organization that protests war, poverty and the destruction of the environment, have been arrested for violating a new Orlando city ordinance that prohibits sharing food with large groups in downtown parks more than twice a year. The mayor of Orlando branded them “food terrorists.”
Francisco Dornelles, the interim governor of Rio, has declared a state of emergency over lack of funds, less than two months before it hosts the 2016 Olympic Games, local media said. Dornelles said the state’s financial difficulties stemmed from slumping oil prices and could prevent it from delivering on its commitments to prepare for August’s Olympic Games. The city has recently faced concerns over the Zika virus outbreak. The World Health Organization (WHO)’s chief Margaret Chan said last week that a special committee would assess whether it was safe for Rio to host the games.
Rice harvested in Japan's Fukushima region, heavily affected by a nuclear meltdown in 2011, is returning to the EU, starting with Britain next month, the Japan Times reports. 1.9 tons of Fukushima rice called Ten no Tsubu will be sold in London, UK the first EU nation to import the region’s produce after the nuclear disaster.
One main ‘fake food’ stocking store shelves is olive oil –with fake olive oil being exported from Italy. With first-pressed, real olive oil going for as much as $50 a gallon, food fakers have been adding cheap additives like sunflower or canola oil to real, extra virgin olive oil (EVOO) to produce the same gallon of ‘olive oil’ for as little as $7.
On Wednesday, following the broad mobilization of workers in Tuesday’s protest against the Socialist Party (PS) government’s regressive labor law, President François Hollande and Prime Minister Manuel Valls threatened to impose an outright ban on further protests against the law.
Despite the abundance of scientific studies documenting the rapid and dangerous decline of pollinator populations, state and federal lawmakers have yet to pass any meaningful protections for bees. The reason, according to the findings of a new investigation, is that pesticide giants such as Bayer, Monsanto, and Syngenta have deployed an aggressive lobbying campaign to dilute and suppress attempts to regulate their multi-billion dollar industry—with great success.
Russia’s annual international economic forum, SPIEF, has opened, marking its 20th anniversary. Among the guests are European Commission President Jean-Claude Juncker, Italian Prime Minister Matteo Renzi and executives from the world’s leading companies. Top managers from 230 foreign companies will also be represented. Among them are the UK’s HSBC and PwC, Germany’s Siemens and Volkswagen, Italy’s Enel and Pirelli, Anglo-Dutch Royal Dutch Shell.
Two drug companies, Genentech and OSI Pharmaceuticals, have agreed to pay $67 million to settle a whistleblower lawsuit accusing them of misleading doctors about the effectiveness of a cancer drug called Tarceva. – By agreeing to the settlement, neither company admitted any guilt..
Hi-tech device steals info such as the card number and name and address. Details then written onto a blank card which is used on for speeding spree. Ready-made con kits sell for £500 on London and south east black market.
Citizens in Venezuela so desperate for food that angry mobs looted all of the supermarkets.
Enormous social unrest in the country. Despite hours in lines, Venezuelans increasingly find supplies of subsidized flour and rice run out before they can buy them. Many people getting by on mangoes stripped from trees, rushing stopped food trucks and stealing whatever food is available. Armed gangs organizing lootings, sometimes reportedly to re-sell the goods.
Banking giant Citigroup has trademarked “THANKYOU” and is now suing technology giant AT&T for how it says thanks to its own loyal customers. This is “unlawful conduct” amounting to wanton trademark infringement, Citigroup claims in its federal lawsuit..
German magazine Focus Online: The attitude of NATO countries toward the planned deployment of troops in the Baltic States is far from united. There is a fierce debate going on in the alliance, with the United States literally struggling to coerce European states to strengthen military presence in the east. Pressure is aimed at obtaining military budgets, creating a zone of instability around Russia and undermining the relations between Russia and the European Union,
Israeli company, HomeBioGas, created easily portable machine that turns food waste into renewable energy for cooking or electricity; its by product can be used as plant fertilizer. Available for $995 to help create sustainable energy as well as provide electricity and gas for cooking in parts of the world where it is lacking. Accepts plants, meat, dairy, fats, oils, and used kitty litter. The machine will compost it and release biogas of about 6 kilowatt hours of energy; enough gas for about three hours of cooking..
Retired Southern Californian couple, Ron and Sarah Hall, found out the hard way that the state frowns upon homeowners installing powerful solar panels. SoCal Edison did not allow the Halls to activate their solar system because “it exceeded state standards for energy production. The panels they installed, would have generated too much power: 28% over the amount a homeowner is allowed to produce.The state is concerned homeowners who produce too much power with their solar systems could sell the excess power and therefore potentially be energy retailers.
The current sanctions should not be seen as an obstacle for investing in the Russian economy, Italian Ambassador to Russia Cesare Maria Ragaglini said on Friday. "Italy believes that Russia is an important country at the global level," he said in an interview with the Rossiya-24 television channel. "Sanctions, both Europe’s and Russia’s, should not be used as a pretext or an alibi not to invest in Russia."
California Governor Jerry Brown signed a bill into law allowing unauthorized immigrants to buy health insurance on a state exchange created under the U.S. Affordable Care Act, making the state the first in the country to offer that kind of coverage.The law lets the state request a waiver from the federal government that will be needed to allow unauthorized immigrants to purchase unsubsidized insurance through Covered California, the state’s healthcare exchange.
US coal production has plunged to its lowest since the 1980s miners strike, and it’s all due to an abnormally warm winter. In just three months, the coal industry has seen a 17 percent drop in production, making it the steepest decline in decades.
The new government, led by Rousseff’s former vice president Michel Temer, has formed most reactionary cabinet since the fall of US-backed military dictatorship in 1985. Investigation of bribes-for-contracts scandal at state-owned oil giant Petrobras, the cabinet has lost two key ministers. The government,pledges to impose full burden of Brazil’s economic crisis on working class, with budget cuts and scaling back of social rights and poverty relief programs. Temer, is deeply worried about provoking a social explosion. Workers and youth are showing the first signs of resistance, teachers, university professors and staff strikes against salary and budget cuts,school and campus occupations..
Russia’s Agriculture Minister Alexander Tkachev expects grain to be the country's main source of export revenues."I think that Russia is a grain country. This will be the main source of its export revenues," he said, adding that he considers grain to be a "traditionally export item.""We used to import 40 mln (tonnes of grain) while this year around 30 mln (tonnes) will be exported,
Creation of BRICS has very much frightened a number of states.To think that this bloc of countries would collapse means to commit a strategic and an unforgivable geopolitical error…I am sure that those who want to seize power in Brazil have no understanding of the world order. I am assuming they have stalled in the 1980s or even 1970s in terms of their perception of the world," Rousseff said in an interview with the Russian Rossiyskaya Gazeta newspaper.
92,000 individual plan holders of four health insurance companies in Colorado are going to have to start looking for new health insurance coverage in 2017 thanks to Obamacare. According to the Colorado Division of Insurance, Anthem, UnitedHealthCare, Humana and Rocky Mountain Health Plans will no longer be offering individual coverage in that state.Other companies are proposing rate hikes in Colorado of up to 40%. One health care provider, Golden Rule, is seeking a 40.6 percent rate hike, Rocky Mountain HMO wants to raise its rates by 34.6 percent Colorado Choice asking for a 36.3 percent jump.
The law, billed by its backers as the toughest U.S. legislation against illegal immigration, took effect Nov. 1. It bars illegal immigrants from obtaining jobs or state assistance and makes it a felony to harbor or transport illegal immigrants. The crackdown has caused Hispanics to leave for neighboring states, with as many as 25,000 leaving northeastern Oklahoma alone, according to the Greater Tulsa Hispanic Chamber of Commerce. "I feel like I'm in some kind of Nazi country where if they see your color, you'll be stopped," said Maria Sanchez, a 22-year-old student who is looking to leave Oklahoma rather than risk waiting the seven years it will take to get her papers. "I can't work, I can't study, I can't go out, there's no point of me staying here."
Over the past few months, France has been witnessing violent demonstrations and strikes over contentious labor reforms put forward by the country's government. In another development on Wednesday, French trash collectors and waste treatment workers went on strike..
New device allows the Oklahoma Highway Patrol to steal money directly from your bank account.The Electronic Recovery and Access to Data Machine, known by the acronym ERAD, can scan your bank account and prepaid cards, giving OHP instant access to the balance — and the funds — if a trooper believes the money is tied to a crime. Controversy over civil asset forfeiture (CAF) surrounds the fact law enforcement is under no obligation to prove the property it seizes tied to criminal activity. Once police have your property, most departments are free to essentially divvy it up amongst themselves..
Tuesday, Russian President Vladimir Putin met with Israeli Prime Minister Benjamin Netanyahu in Moscow. They discussed economic cooperation including energy ties. Our doors are open for every company from any country that has vast experience in the development of gas fields, including Russia, of course," said Netanyahu at a joint news conference, adding that there are no legislative barriers stopping Russian companies working in Israel.
Many Georgians could face huge increases in their health premiums next year from insurers still struggling with health-care reform six years after passage of the Affordable Care Act.
The voter initiative that would legalize marijuana in California isn't officially on the ballot yet,, but the prospect of legal weed is already driving a real estate bubble from the San Francisco Bay on up to the state's pot cultivation heartland in Northern California's Emerald Triangle.The Adult Use of Marijuana Act (AUMA) would open up the nation's single largest marijuana market, and investors with are moving fast to snap up rural properties up north, as well as Bay area warehouses and office space.
U.S. National Security Adviser Susan Rice promised Israel on Monday that the new military aid agreement between the two nations that is currently being negotiated will constitute “the single largest military assistance package — with any country — in American history.”, Rice said the new decade-long aid package, expected to provide Israel between $37.5 billion and $40 billion to update Israel’s aircraft fleet and strengthen missile defenses.
Warning against dangers to "workers, communities, and our environment," more than 450 environmental advocacy groups called on Congress to reject the controversial Trans-Pacific Partnership (TPP) and Trade and Investment Partnership (TTIP)."These deals harm workers, communities, and our environment,."allow multinational corporations sue nations in private, clandestine tribunals for passing laws they don't like.
The country’s central grid has increased four-fold to 770 megawatts since 2013 with many solar power projects under development. Chile now has 29 solar farms and another 15 in the pipeline. With so much clean power available, the price of solar has cost absolutely nothing for certain regions in recent months. As Bloomberg stated: Spot prices reached zero in parts of the country on 113 days through April, a number that’s on track to beat last year’s total of 192 days, according to Chile’s central grid operator.
When the 2016 Olympic games begin in Rio, Brazil this August, employees and partners of Visa will debut a new method of cashless payment. Visa has designed an as of yet unnamed wearable ring that will allow the user to pay for purchases without a card, wallet, or cellphone. The unnamed band is pretty simple in design. The interior contains a secure microchip from Gemalto and an embedded antenna;
Attracted by the depreciating ruble, tourists from Finland are heading to St. Petersburg to shop in record numbers. Located less than 400 kilometers from the Russia-Finland border, the flood of Finnish visitors to the city has increased by 30 percent. Finns are buying gasoline, which is a third the cost in Russia, as well as food, alcohol and cigarettes, clothes, shoes and jewelry..
U.S. judge ruled in favor of allowing Colombians to sue former Chiquita Brand International executives for the company’s funding of a paramilitary group that murdered plaintiffs’ family members. Chiquita poured $1.7 million between 1997 and 2004 into the outlawed far-right paramilitary group AUC,”“which operated as a death squad in Colombia.”The lawsuit alleges that Chiquita executives at the time, including the former CEO and COO, were fully aware that they were funding a terrorist group that was engaging in “a systematic campaign of terror; killings, torture, rape, kidnappings, forced disappearances and looting against the Colombian civilian population. Chiquita pled guilty to funding an organization designated by the U.S. as a global terrorist group in 2007, paid a $25 million criminal fine.
Angry citizens took to the streets yesterday to march on the presidential palace, Chanting "No more talk. We want food!". Once protesters were within about a half dozen blocks of the palace, police in riot gear blocked the road and began firing tear gas. There's no more food in the shops and supermarkets. Miguel Perez, government's top economic official:"we know this month has been really critical. It's been the month with lowest supply of products. We guarantee things will improve in the next few weeks.; Crisis worsens every day in Venezuela, people aren't going to wait weeks before they can get food..
Russia's Defense Ministry: Four illegal oil production facilities controlled by terrorist group Daesh destroyed by Russian fighter jets. Russian Su-34s have carried out a series of airstrikes against terrorist oil operations in Syria throughout the week. Wednesday, jets took out a facilities in al-Hasakah Province. Strikes were carried out on installations near Raqqa.Tuesday. Raqqa is the self-proclaimed capital of Daesh, and believed to be a major waypoint for illegal oil making its way into Turkey.
Environmental Protection Agency wants to raise the amount of biofuels in America’s gasoline, an energy industry executive says the move could severely damage most of the vehicles in the U.S., reduce the amount of energy per gallon and add to the national economic uncertainty.
Blue Cross Blue Shield requested a 60% rate increase in 2017 in Texas following complaints from the company it is “losing money in the federal heatlh exchanges because some customers have proven more costly to cover than anticipated”.“United Healthcare reported losses of $650 million. Humana reported a 46% loss in the first quarter of 2016. Health insurance companies complain of profit losses, pull out of states who refuse to hike rates to unaffordable levels, it is likely the situation will become unsustainable..
Michigan Governor Rick Snyder now the subject of a federal racketeering (RICO) lawsuit filed by hundreds of Flint residents.The lawsuit alleges that the state of Michigan ran Flint’s day-to-day operations through an emergency manager, who attempted to partially balance the city’s budget through a cost-cutting measure: Switching Flint’s water source from Lake Huron, which had been the source of water in the city for more than 50 years, to a local, heavily polluted river.
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