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Putin: Where was EU when Greek crisis was evolving?

July 10th, 2015
Categories: Economic

Link: http://wakeupfromyourslumber.com/putin-where-was-eu-when-greek-crisis-was-evolving/

Russian President Putin The European Commission should have adjusted the economic activity of Greece before the crisis, EU shouldn’t have issued such high bonuses and loans to the debt ridden country.

US & IMF call for Greek debt relief, warn of global economic damage if ‘Grexit’

July 9th, 2015
Categories: Economic

Link: http://rt.com/business/272617-greece-debt-eu-imf/

The US and IMF called on European leaders to grant Greece debt relief, to prevent ‘Grexit’ from eurozone. International Monetary Fund chief; Christine Lagarde:“Greece in a situation of acute crisis, needs to be addressed seriously and promptly,” Reforms,“debt restructuring” would help to get out of the crisis, US Treasury Secretary Jack Lew calls for compromise, warns of hundreds of billions of dollars in economic damage around the world otherwise.

Chris Christie To Give $180M Tax Break To JPMorgan Chase As He Sells Himself As Job Creator

July 9th, 2015
Categories: Economic

Greece Submits Debt Plan to Creditors

July 9th, 2015
Categories: Economic, Politics

Link: http://sputniknews.com/europe/20150709/1024431649.html

Greek government submitted proposals for economic reforms to international creditorsto avoid bankruptcy. Greek government offering to overhaul pension system. For corporations, taxes could increase from 26% to 28%, rent payments could see a tax increase. May cut defense spending, cut early retirement.

Jeb Bush’s plan: Americans ‘should work longer hours’

July 9th, 2015
Categories: Economic

Link: http://www.msnbc.com/rachel-maddow-show/jeb-bushs-plan-americans-should-work-longer-hours#break

Jeb Bush who made $5.8 million in “consulting and speaking” income in 2013 has argued publicly against federal minimum wage, imposing a higher retirement age on Americans. His interview with newspaper The Union Leader:" We have to be a lot more productive; address a variety of issues, including a tax reform agenda that Americans could expect under his administration."People need to work longer hours and through their productivity, gain more income for their families, only way we’re going to get out of this rut that we’re in.”High-sustained growth means that people work 40 hours rather than 30 hours and that by our success, they have money, disposable income for their families to decide how they want to spend it rather than getting in line and being dependent on government.”

FBI raids Michigan Jewish college suspected of defrauding federal government

July 8th, 2015
Categories: Economic

Link: http://www.haaretz.com/jewish-world/jewish-world-news/1.664992

Federal agents raided the offices of a Jewish college that has prospered from millions of dollars in federal aid, almost all its students live in Israel and hardly any of them graduate. Michigan Jewish Institute students claimed $25 million in Pell Grants; almost all of them took courses at yeshivas and seminaries in Israel that they never completed.

China Bans Media From Talking About Their Crashing Stock Market!

July 8th, 2015
Categories: Economic

Link: http://investmentwatchblog.com/china-bans-media-from-talking-about-their-carshing-stock-market/

Shares shed 30 per cent of value since mid-June, the more Beijing does the more it risks creating perception of desperation. View that policy makers are in a state of panic.” Government banned local media from using terms “equity disaster” and “rescue the market. Moves against short selling, bans on issuing initial public offerings, directive to state pension fund to buy not sell.

The significance of the Chinese stock market rout

July 8th, 2015
Categories: Economic

Link: http://www.wsws.org/en/articles/2015/07/08/pers-j08.html

Shanghai down 8 percent; trading in 50 percent of all listed companies on China’s two principal exchanges suspended, freezing $2.6 trillion worth of equity. Emergency meetings between Chinese Premier Li Keqiang, banking officials and financial regulators, central bank given authority to provide unlimited liquidity to China Securities Finance, finance brokerage houses, uphold “market stability.”

Chicago Looks At 30% Property Tax Increase To Pay Gov’t Pensions

July 8th, 2015
Categories: Economic

Link: http://govtslaves.info/chicago-looks-at-30-property-tax-increase-to-pay-govt-pensions/

Chicago homeowners could face 30 percent property taxe hike to pay for city’s financial problems; efforts on state and county levels to raise income and sales taxes, politicians running out of options to pay public worker pension debt.

New York Stock Exchange Back in Business After Nearly 4-Hour Glitch

July 8th, 2015
Categories: Economic

Link: http://sputniknews.com/business/20150708/1024378358.html

The New York Stock Exchange halted trading in all symbols earlier on Wednesday, but has now resumed. Trading stopped around 11:30 a.m. ET (3:30 p.m. GMT) and began again at approximately 3:10 p.m. ET (7:10 p.m. GMT).

China Bans Stock Sales by Major Shareholders for Six Months

July 8th, 2015
Categories: Economic

Link: http://www.democraticunderground.com/10141139998

China Securities Regulatory Commission banned major shareholders, corporate executives and directors from selling stakes in listed companies for six months, its latest effort to stop the nation’s $3.5 trillion stock-market rout. Investors with stakes exceeding 5 percent must maintain their positions, intended to guard capital-market stability amid an “unreasonable plunge” in share prices.

Small Businesses Threatened With $36,500 IRS Fines For Helping Employees With Health Costs

July 7th, 2015
Categories: Economic

Link: http://xrepublic.tv/node/33441

Small businesses that reimburse employees for the cost of premiums for individual health insurance policies or pay their health costs directly will be fined up to $36,500 a year per employee under a new Internal Revenue Service regulation.

As EU denounces "no" vote, Tsipras moves to the right

July 7th, 2015
Categories: Economic

Link: http://www.wsws.org/en/articles/2015/07/07/pers-j07.html

popular repudiation of European banks policy shocked ruling elites of Europe. Wall Street Journal: political contagion,”far greater threat to euro zone than Greek financial crisis or exit from the currency block.”What does this mouthpiece of Wall Street fear? Any concession to democratic will of the masses encourage workers in Europe, United States.

Russia’s Deputy Finance Minister says Greece can easily receive financing from BRICS

July 7th, 2015
Categories: Economic

Link: http://tass.ru/en/world/806684

Deputy Finance Minister Sergey Storchak :Greece can easily receive financing from the New Development Bank established by BRICS; it will be enough for Greece to buy a couple of shares of the bank to be eligible for funding, added that this would require a political decision.

23 Cents an Hour? The Perfectly Legal Slavery Happening in Modern-Day America

July 7th, 2015
Categories: Economic, Police State

Link: http://www.alternet.org/civil-liberties/23-cents-hour-perfectly-legal-slavery-happening-modern-day-america

Federal Prison Industries, is a government-owned corporation that employs inmates for as little as 23 cents per hour, to provide a wide range of products and services under the guise of a “jobs training program.” Hard for any company to compete with companies that use dirt-cheap prison labor.

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