The US lifting the embargo on arms sales to Vietnam will not affect the supplies of Russian armaments to the country, deputy head of Russia’s Federal Service for Military-Technical Cooperation (FSVTS) Anatoly Punchuk said on Monday. US President Barack Obama announced that Washington has decided to "completely lift" its embargo on trade in lethal arms with Vietnam on Monday during his historic visit to the Southeast Asian country. The decades-old embargo was already eased in 2014.
Beijing has ramped up imports of Russian oil by 52.4 percent last month compared to a year earlier. China's General Administration of Customs calculated a record 4.81 million tons. Russian exports to China have more than doubled over the past five years, up by 550,000 barrels a day. Moscow and Beijing have significantly increased energy cooperation, with a wide range of multibillion dollar projects.
2015, the United States spent more on its war machine than the next six countries combined, with a total of $596 billion spent on military expenditures. This week the U.S. House of Representatives passed its version of the annual National Defense Authorization Act (NDAA), with roughly $602 billion slated to be spent on military programs and armaments in the 2017 budget.
The booming U.S. organic industry posted new records in 2015, with total organic product sales hitting a new benchmark of $43.3 billion, up a robust 11 percent from the previous year's record level and far outstripping the overall food market's growth rate of 3 percent, according to the Organic Trade Association's 2016 Organic Industry Survey.
1.4 billion yen ($12.7 million) in cash has been stolen from some 1,400 automated teller machines in convenience stores across Japan in the space of two hours earlier this month, investigative sources said Sunday. Police suspect that the cash was withdrawn at ATMs using counterfeit credit cards containing account information leaked from a South African bank.
In the Chinese city of Heihe, Heilongjiang Province, an online platform for the sale of Russian goods has been established.“On this platform it will be possible to communicate online, make deals, monitor the progress of transactions essentially ensuring trade security,” General Director of the company ‘Epindo’ Jing Quan said.
The rising cash holdings of U.S. corporations are increasingly in the hands of a few U.S. companies, with just five tech firms having grabbed a third of it. And nearly three-quarters of cash held by non-financial U.S. companies is stashed overseas, outside the long arm of Uncle Sam. Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), Cisco Systems (CSCO) and Oracle (ORCL) are sitting on $504 billion, or 30%, of the $1.7 trillion in cash and cash equivalents held by U.S. non-financial companies in 2015
Five years after a US-NATO war shattered Libya, Washington preparing to send troops into the oil-rich North African nation for a “long-term mission.” Pentagon’s top uniformed commander, Marine Gen. Joseph Dunford, the chairman of the Joint Chiefs of Staff,: the new military deployment, which could involve thousands of US troops, could happen “any day.” General Dunford told reporters that there had been “intense dialogue” and “activities under the surface” aimed at bringing about the Libya intervention.
After the West imposed economic sanctions against Moscow, Russia and Beijing established a powerful energy alliance which changed the global oil market. In addition to increasing trade operations with oil and gas, the two countries are set to challenge dominance of the US dollar in setting prices for crude.
Petro-yuan is a strategic payment tool which would facilitate switching to a multipolar monetary systematic which would include various currencies and reflect the global balance of power, In 2015, Russia surpassed Saudi Arabia in oil supplies to the Chinese market.
insurance companies have begun a mass exodus from Obamacare markets because it is simply not profitable, and for those businesses that choose to remain, they have been forced to significantly increase premiums. Patients who purchases plans on the exchange have been getting turned down by doctors and hospitals who say they do not take Obamacare.
Interact® IoT, the first ever Internet of Things banking platform, is launched today by Intelligent Environments Smart devices such as Nest Thermostat and the Pavlok wearable device can now be connected to your bank account. Nest Thermostat will automatically turn your heating down to save you £255 a year in bills, while Pavlok will deliver an electric shock if you overspend
French protesters and police have clashed in the western city of Nantes as demonstrations continue across the country over controversial reforms to labor law proposed by the government.
1. If the house is mortgaged, what does the homeowner “own” when the bank has the senior claim to the property?
2. If the homeowner owes local government $13,000 a year in property taxes, what does the homeowner “own” once they pay $260,000 in property taxes over 20 years?
Health authorities in Canada have approved the sale of genetically modified salmon, making it the first genetically altered animal to be allowed for consumption in the country. The genetically changed salmon is usually ready for sale in 16-18 months, while conventional fish need up to three years to come to the market; there will be no special labeling requirements for the new product.
While residents of beleaguered Flint face rate hikes for the city's lead-poisoned water and Detroit sees teachers staging sickouts after lawmakers threatened to withhold their full salaries, the state treasury announced this week that Michigan businesses are to effectively pay nothing in taxes this year. Michigan is projected to give corporations a net refund while it faces a budget shortfall of $460 million. State's Corporate Income Tax rewritten in 2011 to cut business taxes to a flat 6% rate, increased personal income taxes and sales tax, unfairly burdened individual taxpayers, failed to instigate job growth."Fuel taxes and registration fees set to increase next year, part of a new road funding plan..
The Venezuelan government has given itself sweeping powers to control food and energy supplies and enhance security measures under a state of emergency to tackle aneconomic crisis. The measures give the government and security forces broad authorization to maintain order and supply basic food and services for people. Maduro said on Saturday all businesses and factories closed by their owners would be seized and handed over to their workers in order to restart production in the country. He accused the owners of the factories of intentionally sabotaging production in an effort to help topple the government amid the economic crisis. Maduro also called for military exercises next weekend to prepare for “any scenario,” including a foreign invasion. He also ordered the security to prevent “destabilizing actions that disrupt life inside the country or its international relations.”
Russia has offered economic partnership to the ASEAN member-states, the country’s Economic Development Minister Aleksey Ulyukayev said at the Russia-ASEAN summit on Thursday. According to Ulyukayev, this kind of partnership will help "solve the issues related to economic regulation, regulatory base in the field of trade policy as well as in such areas as trade and services, protection of investment, creation of global value-added chains and our countries’ building into them."
Chinese purchases of real estate in the US have been growing steadily over the past five years, with a particularly sharp spike last year. The $110 billion figure makes the Chinese the second-largest buyer of US real estate after Canada, with India, Mexico and Britain rounding out the top five.
Roughly half of the money raised to oppose a ballot measure to legalize recreational marijuana in California is coming from police and prison guard groups, terrified that they might lose the revenue streams to which they have become so deeply addicted. Drug war money has become a notable source of funding for law enforcement interests. Huge government grants and asset-seizure windfalls benefit police departments, while the constant supply of prisoners keeps the prison business booming.Law enforcement officials in Minnesota, Washington, and other states that have debated relaxing the laws surrounding marijuana said that they stand to lose money from reform. Police receive federal grants from the Justice Department to help fund drug enforcement efforts, including funding to focus on marijuana. Asset forfeiture is another way law enforcement agencies have come to rely on marijuana as a funding source. Police departments, through a process known as asset forfeiture, seize cash and property associated with drug busts, including raids relating to marijuana.. From 2002 to 2012, California agencies reaped $181.4 million from marijuana-related asset seizures.
The US Senate adopted unanimously a proposed bill that would allow Americans to sue nation-states for terrorist attacks on US soil, despite opposition from the White House and allies such as Saudi Arabia. Dubbed “Justice Against Sponsors of Terrorism Act,” the bill sailed through the upper chamber of Congress without opposition Tuesday. It now heads to the House of Representatives, which has its own version of the proposal. Senator John Cornyn, a Republican from Texas, co-sponsored the bill, prevailed over his South Carolina colleague Lindsey Graham, who had put a hold on the bill last month, citing concerns it would open the US up to lawsuits by foreign governments.
Global gold demand in the first quarter of 2016 was 21 percent higher compared to 2015, as Russia and China continued to accumulate significant quantities of the precious metal as investors sought a safe haven due to the economic fragility and uncertainty
Hungry Venezuelans protesting their children are dying from lack of food and medicine, do not have enough water or electricity, a country with more oil than Saudi Arabia. Desperation has set in, crime has become inevitable. A man accused of mugging people in the streets of Caracas was surrounded by a mob of onlookers, beaten and set on fire, mob justice is now the supreme arbiter of who lives and who dies: Venezuela saw a new wave of looting this week that resulted in at least two deaths, countless wounded, and millions of dollars in losses and damages. Governmen tfood dispensaries looted by the people. “They took milk, pasta, flour, oil, and milk powder, a human stampede over rice.
LONDON--ICBC Standard Bank PLC said on Monday it is buying Barclays PLC's precious-metals vault, to increase its role in the market's infrastructure. The move makes ICBC, the world's biggest bank, the first Chinese lender to own a vault in London and extends its influence in precious metals from pricing to storage.The vault, one of the largest in Europe, stores gold, silver, platinum and palladium. ICBC said it would join the twice-daily electronic auctions that set the LBMA Gold Price benchmark. The Bank of China and China Construction Bank already help set this benchmark.
Venezuelan President Nicolas Maduro announced a sweeping crackdown under a new emergency decree, ordering the seizure of paralysed factories, the arrest of their owners and military exercises to counter alleged foreign threats. to contain a raging economic crisis that has led to food shortages, soaring prices, riots, looting and vigilante justice, pushing Venezuela to the brink of collapse.He accused the United States of destabilising the country.
Islamic State terrorists wounded on Syrian battlefield regularly travel to Turkey for complex, costly medical treatment, according to tapped phone calls handed to the media by opposition MP Erem Erdem. IS militants and their families regularly get escorted through the Syrian-Turkish border with help of local middlemen and a lack of counter-measures from authorities. Ankara denies offering any safe havens for wounded IS members, or any links with the terror group whatsoever, phone taps point to the contrary.. Some returning from Syria need medical assistance, wounded militants get expensive complicated medical procedures, amounts to thousands of dollars. Bills taken care of by Islamic State, arranges payment to medical facilities..
Thursday, the slow-motion coup masquerading as an impeachment proceeding against Brazilian President Dilma Rousseff continued. Rousseff was stripped of her powers on Thursday and faces a full impeachment within six months. Vice President Michel Temer, of the center-right Brazilian Democratic Movement Party, ascended to the presidency Thursday despite recent polling showing that less than 2% of Brazilians intend to vote for him in the 2018 election. Temer announced his transition government will form a coalition with the country’s right wing parties and move rapidly to privatize the country’s natural resources while implementing unpopular austerity measures, .claims these measures are necessary to lift Brazil out of its worst recession in decades.
Venezuela saw a new wave of looting this week that resulted in at least two deaths, countless wounded, and millions of dollars in losses and damages. Wednesday morning, a crowd sacked the Maracay Wholesale Market in the central region of Venezuela;; desperate Venezuelans grew anxious over not being able to buy food, started jumping over the gates and stormed the supermarket..Other food dispensaries run by the government were also looted by the people. Authorities were unable to preserve the peace. "There were 250 people for each National Guard officer..
Italy's public debt increased by 14 billion euros in March, according to the bank's Statistical Bulletin. The previous record was set in May 2015 when it reached 2,219 trillion euros. The debt increased primarily due to the growth of state administration expenditure, rather than due to increased spending by regional and local authorities, the bank noted.
In a controversial court decision, ride-hailing service UberPOP was dealt yet another painful blow and announced suspension of its activity in Sweden following a ruling deeming its nonprofessional drivers as illegal. The US-founded Uber has promoted its low-cost offshoot as a car-sharing service, allowing drivers to participate without proper taxi licenses.Swedish courts need to regulate every part of their economy, showed no leniency for Uber or the 30 individuals who were convicted of operating a taxi without a license. Earlier, Uber was forced to suspend its services in Germany, France, Italy, Spain, and Belgium.
Former Deutsche Bank Managing Director Martyn Dodgson who once advised the government on its bailed-out bank has been sentenced to four-and-a-half years in jail for insider trading, the longest prison term handed down for the crime in the UK. Andrew Hind, a 56-year-old accountant and former finance director of the fashion chain Topshop, was given a three-and-a-half-year prison term for the same offense.
Wendy's will make self-order kiosks available nationwide as minimum wage hikes hit. McDonalds other restaurants rolling out similar technology that will allow customers to order and pay for their food without having to deal with a human cashier.
Former New York Senate Majority Leader Dean Skelos sentenced to five years in federal prison, convicted of extortion, fraud and bribe solicitation; second legislative leader this month to face time behind bars followingcrackdown on corruption in the state's capital.. Accused of forcing companies lobbying for legislation or seeking a government contract to pay his 33-year-old son hundreds of thousands of dollars.
One study, which wound up costing $1 million, sought to find out where it hurts the most to be stung by a bee, which resulted in a researcher being stung in the penis (apparently, only the third most painful body part to be stung). Another $5 million study tried to find out if drunk birds slur when they sing.
Western Europe's biggest crude oil producer is pondering an additional outlay of 50 million kroner (over 6 million dollars) on the so-called Demo2000 program, which will increase total spending to oil-related technology to 220 million kroner (roughly 27 million dollars) this year alone. Norway has been increasing its outlay on oil technology research: last year it spent only 70 million kroner (8.5 million dollars).; the largest allocation for this purpose in Norway's history.
The demand for gold has renewed worldwide with the price for the precious metal climbing to nearly $1300 per ounce for the first time in 15 months. The rally has been led by the world's central banks loading up on gold to diversify from the US dollar. Russia has been the most active buyer in the bullion market. The country has purchased 46 tons of the yellow metal this year, while China comes second with 35 tons.
Germany, the fourth-largest economy in the world and a leader in renewable energy, produced so much energy this weekend from its solar, wind, hydro, and biomass plants that power prices went into negative territory for several hours. Consumers were being paid to use energy. Sunday’s spike in renewable output shows that wind and solar can keep pace with the demands of an economic powerhouse; highlights the success of Germany’s push to expand clean energy, increase energy efficiency. As of 2012, individuals owned more than a third of Germany’s renewable energy capacity."
NASHVILLE, Tenn. (AP) — The nation's largest public utility is selling a never-completed nuclear plant that cost more than $4 billion dollars over the past four decades. Tennessee Valley Authority board voted to declare the Bellefonte nuclear plant near Hollywood, Alabama, surplus. The site includes two partially finished nuclear reactors, office buildings, warehouses. 1,600 acre site appraised at $36 million, will be sold at auction to highest bidder,. Board member Eric Satz: completing Bellefonte not economically viable, a lot has changed in the energy market in 40 years, including huge improvements in energy efficiency and renewable energy technology.
After the unanimous vote by Syriza (Coalition of the Radical Left) parliamentarians Sunday to impose a new package of €7.2 billion in pension cuts and tax increases, the euro group of euro zone finance ministers met yesterday in Brussels to discuss plans for restructuring Greek debt. Latest cuts, boost regressive value-added taxes as well as income taxes for low-paid workers and small businesses, the minimum state pension will fall from €450 to €382 per month.
A former administrator in Flint, Michigan, charged in a federal lawsuit she was fired for seeking a probe into allegations the mayor tried to redirect donations to her personal campaign fund from a charity meant to help families hurt by the city’s water crisis;. said former City Administrator Natasha Henderson was fired in violation of whistle-blower and free-speech protections under Michigan law and U.S. Constitution.
“Both exports and imports came in weaker than expected, in line with the soft trade performance across Asia, pointing to another challenging year for emerging markets,” Zhou Hao, senior emerging market economist at Commerzbank in Singapore.China’s exports to the United States – the country’s top export market – fell 9.3 percent in April from a year earlier, while shipments to the European Union – the second biggest market, rose 3.2 percent, customs data showed. China has vowed to take steps to boost exports, encouraging banks to boost lending, expanding export credit insurance,raise tax rebates for some firms.
, Wall Street donors have begun donating to Clinton’s campaign en masse. She "has raised $4.2 million in total from Wall Street, $344,000 of which was contributed in March alone;Wall Street Journal.
A new report using state and federal data identifies Massachusetts and North Dakota as the two states with “the worst civil forfeiture laws in the country.” The findings come from the Virginia-based, libertarian legal nonprofit Institute for Justice’s new “Policing for Profit” report. Nearly all civil asset forfeiture proceeds in Massachusetts go to law enforcement. Massachusetts local and state officials seized the equivalent of $138,824,424 through the civil forfeiture process between the years 2000 and 2014. Officials reaped an additional $63 million in profit from civil forfeiture through partnerships with federal agencies In 2014.
The move from Del Monte comes as a result of pressure from investors who are seeking more “natural” products, particularly non-GMO and BPA-free products. BPA – or bisphenol A, a chemical found in bottles and food packaging that is considered to cause a variety of health problems, including cancer and brain damage. Campbell Soup and General Mills, both recently announced that they were moving away from BPA packaging.. Hershey’s has recently started to transition its sugar sourcing away from GMO sugar beets and towards non-GMO sugarcane, citing consumer discomfort with GMOs as the main reason for making the switch.
Greece will receive more than 5.7 billion euro ($6.5 billion) in the second tranche of its bailout within the framework of the European Stability Mechanism (ESM), a Finance Ministry source said Monday. Greek lawmakers voted in a controversial reform bill that cuts future pension payments, increases value-added tax, and introduces internet, television, coffee and e-cigarette taxes.“In addition to funds for debt service the tranche will include the rapid repayment of the government debt to the private sector, which will greatly enhance liquidity of the economy.
In other news, the TSA continues to suck; longer TSA screening times at major airports. Spring Break (March 14-20) 6,800 airline passengers missed their flights due to TSA screening delays on American Airlines. A thousand passengers missed their flights at Chicago’s O’Hare International Airport in March thanks to TSA. 650 passengers missed their flights in one day at Charlotte Douglas International Airport — Good Friday on American Airlines for same reason. Airport Policy News: many airports considering pulling the plug on TSA. Atlanta airport Manager gave TSA deadline of 60 days to fix screening time issues or he’s going to replace TSA with contract screeners. Other airports threatening to do the same.
Housing Secretary Julian Castro to reallocate funding for Section 8 housing to suburbs; scheme involves vouchers to help urban poor afford higher rents in pricey areas, reduce subsidies for those who choose to stay in housing in poor urban areas. Smilar program in Dallas blamed for shifting violent crime to affluent neighborhoods. Want to use housing-choice vouchers to ensure that we don’t have a concentration of poverty and aggregation of racial minorities in one part of town,
Governor Jerry Brown signed legislation April 5, 2016 to raise hourly minimum wage in California to $15.00. An individual working at McDonald’s forty hours a week would bring home $31,200. American Apparel, biggest clothing maker in Los Angeles, said it might outsource making of some garments to another manufacturer in the U.S., and wipe out 500 local jobs; still employs 4,000 workers in Southern California. Restaurant workers, who pushed for the increase, may be looking at reduced hours or, replaced with robots. It’s already happened at a McDonald’s restaurant in Phoenix, Arizona. McDonald’s plans to open a store run entirely by robots; will still employ human employees to insure the robots are working correctly; believes their ‘McRobots’ are the answer. ”Farmers can also be hit, as prices increase.
Trump :"If interest rates go up, we can buyback debt at a discount if we are liquid enough as a country. People say I want to default on debt - these people are crazy. First of all you never have to default because you print the money I hate to tell you, so there is never a default. It was reported in the NYT that I want to default on debt - you know I am the king of debt, I love debt, but debt is tricky and its dangerous. But let me just tell you: if interest rates go up and bonds go down, you can buy debt.
Over the weekend, masses of workers across Greece joined in a general strike and tens of thousands demonstrated against the package of brutal austerity measures adopted by the Syriza (Coalition of the Radical Left) government and passed by the Greek parliament Sunday night. In Athens, many thousands took to the streets, shouting slogans such as “Rise up to throw out the government, the EU and the IMF!” and “No to the dismantling of social security!”
Trump said that he sees his current tax plans, which would reduce taxes for the middle class and businesses and increase those for the wealthy, as a negotiating “floor” that may change in dealings with Congress. I feel less concerned with the rich than I do with the middle class.”Trump also said in the interview that he is in favor of an increase in the minimum wage. “I don’t know how you live on $7.25 an hour,” but added he would rather leave it to individual states to decide on the issue.
State of Colorado was trying to become the first state to come up with standard organic labeling for marijuana, but lawmakers failed to pass such a measure.. A senate panel this week killed the bill 4-3. It would have made Colorado the first state in the nation to offer organic certification for cannabis grown without pesticides, voiced concerns the U.S. Department of Agriculture would penalize Colorado agriculture regulators for labeling a federally illegal substance as organic. The federal government regulates organic standards.
The issue of debt relief for Greece has deeply divided France, Germany and other EU member states ahead of a meeting of the Eurogroup of Eurozone finance ministers on Monday, Der Spiegel reported on Saturday. French Finance Minister Michel Sapin is in favor of some kind of debt relief for Greece, because he believes that the Greek government will not otherwise be able to get the Greek parliament to pass the creditors' austerity demands.
Colorado City will pay back those that were illegally jailed in a debtors prison, with interest, thanks to a settlement agreement reached with the local American Civil Liberties Union (ACLU). The city’s debtor-prison policy, which was found in violation of both the Constitution and Colorado state law, has been discontinued. The “pay or serve” policy meant that people who could not pay their fines for non-criminal offenses, such as panhandling, were imprisoned for one day for every $50 that they owed. Approximately ¾ of the people who were jailed under the pay or serve program had been fined for non-jailable offenses, indicating that they were jailed for simply being poor.
Due to the growing shortage of ingredients, Cervecería Polar, Venezuela’s largest brewery, announced that it will suspend its production of beer and other malt beverages. Polar produces much of the country’s beer, it needs to important basic materials for brewing. Because the Venezuelan government did not authorize them to pay foreign suppliers, they cannot produce the beer, needs barley and hops, crops that canot be grown in Venezuela’s climate. Polar calculated that the halt of production would impact 10,000 workers directly, and more than 300,000 employees working in franchising, transportation, customer service and supplies. Polar is the largest industrial Venezuelan corporation in the country, more than 70 years of operation. It produces alcoholic and non-alcoholic drinks, snacks, sauces, spreads, ice cream
Dannon to go GMO-free over next three years, replacing everything, all the way down to cattle feed and soil input; planning to remove all GMO ingredients from their yogurt and other products. The changes are set to impact everything, all the way down to the quality of soil and how farmers conserve water. The company's new agricultural sustainability and animal welfare policy will set a new standard for the entire dairy industry. Farmers working with Dannon must now implement "sustainable agriculture practices and technology that leads to better soil health, better water management, an increase in biodiversity, and a decrease in carbon emission." The first changes will be seen as early as July 2016
Alvin Gardner allegedly seen on surveillance camera stuffing a Snickers bar in his pocket and leaving a store without paying for it. The store security guard, Bennie Montgomery, followed him out of the store and fired “warning shots;.”struck Gardner in the back of his right thigh. Canton Police Chief Otha Brown: You can’t just discharge a firearm at a fleeing suspect. You can’t do that,” said. “The security guard should have known that when the suspect ran out the store, the threat was over. There was no need to discharge a firearm.”You can’t shoot someone for a candy bar,” Montgomery has been charged with aggravated assault. .Authorities never recovered the 95-cent candy bar,
Your personal information and driving record is being sold by the state of Pennsylvania and officials say they don't know what's being done with the data. NBC10 Investigators found the state earned $157 million since 2010 selling driver records; more than 32,000 private companies and government agencies to which PennDOT sold driver information traced to every state in the country. The companies include credit agencies, insurance companies and car dealerships. The information PennDOT sold includes names, addresses, and driving histories.
Saturday 30th of April, my grandmother and I went to a First Financial bank to withdraw 3500 in cash and were told there was no money to loan out. We informed the desk clerk that we didn't want to take out a loan, we just want to withdraw money from my savings account. She then proceeded to tell me there isn't that much money here for you to withdraw" After about 40 min of dealing with managers they finally said we'll have the money ready for you to pick up that next day. Knowing that next day was a Sunday I asked "how am I supposed to get cash on a Sunday? She then proceeded to tell me "sir you'll have to work with us in order for you get the whole 3500 in cash. 3 minutes after I left the bank I received a call saying all the cash I needed was at Bank in South Terre Haute. Long story short a bank had less than 3500 in cash.
TSA sends truckloads of prohibited and left-behind items to state-run agencies set up to sell surplus government equipment,”You can now purchase confiscated items on a government run website GovDeals.com, as well as internet auction house giant, eBay.The agency’s vault is full of confiscated dangerous loot, yet many of the items seem harmless, including Garmin GPS units, Magic: the Gathering card sets, souvenirs, tools, jewelry and top of the line sunglasses.The focus seems to be on conditioning individuals to follow orders and give up items for revenue generating, rather than focusing onl safety.
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.
Your donation helps provide a place for people to speak out.
Not tax deductible. firstname.lastname@example.org
|Search the Site||Search the Web|
|<< <||> >>|