Education, establishment of consulates, space exploration, mineral resources, railway systems and TV were among 24 intergovernmental agreements signed by India and China in Beijing.
As many as 25,000 residents of Detroit citizens losing their water cut-offs, though they live next to a body of water that carry’s one-fifth of the world’s water supply. Water rates risen 119% in last decade.
Child welfare authorities take children from parents that had their water cut off in 2014.
A gold fixing facility exists in London, but China wants its own – reflecting its ambitions as a global financial player. The establishment of a China-based gold fix for the yuan also marginally undermines the dollar as the global benchmark currency,
A referendum could bring the conflict to a head after months of inconclusive talks between Greece and its creditors that have exasperated Germany and other euro-area countries. Public support for economic reforms might lead Greece toward a deal, rejection could set the country on a path to leaving the euro.
China’s central bank cut interest rates third time in six months to counter economic slowdown, ease debt pressures on local government authorities and corporations. Official statement People’s Bank of China (PBOC): country’s economy was “still facing relatively big downward pressure.”“Rising debt size forcing China to use a lot of resources repaying and rolling over debt.
Serbian President Tomislav Nikolic: Serbia does not plan any sanctions against Russia; invited Russian companies to invest in the farming sector, said Serbian farmers could offer high-quality produce but were short of funds. "Cooperation in that sphere could bring huge benefits to both countries."
The proposed Transatlantic Trade and Investment Partnership (TTIP) deal between European Union and United States will have direct, negative impact on democracy and the welfare state in Europe, mayor of Rubi a municipality in Catalonia, Spain. "The aim of this Treaty is to create an economy of big corporations to privatize the services of culture, sport, waste disposal, water among many other things."
The Russian currency continues its recovery against the US dollar on Wednesday, trading at its highest level since the end of November 2014, as oil prices rise and investors see geopolitical risks diminishing.
German retail giant will no longer carry glyphosate-containing products as of September 30, 2015. More than 350 ‘toom Baumarkt DIY’ stores belonging to the REWE Group are removing any product that contains this endocrine disrupting chemical concoction, and as of today, no such products can be re-ordered from their stores.
Russian Foreign Ministry: Attempts of the World Bank to "play geo-economic games" and put political tasks above economic ones may result in a growing interest of the world community to alternative economic institutions.
The Department of Defense and the Jersey Guard paid the Jets $377,000 from 2011 to 2014 for the salutes and other advertising, according to federal contracts. Overall, the Defense Department paid 14 NFL teams $5.4 million during that time, $5.3 million was paid by the National Guard to 11 teams under similar contracts.
Russian Deputy Finance Minister Sergei Storchak spoke with Greek PM Alexis Tsipras today, proposed that Greece become 6th member of New Development Bank set up by Brazil, Russia, India, China, South Africa, a Greek govt official says in e-mail to reporters.
Moody’s has affirmed that Monsanto’s new rating is being downgraded from ‘neutral’ to ‘negative’ following Syngenta’s announcement that it has refused Monsanto’s unsolicited bid of CHF449 per Syngenta share in a combination of cash and stock.
1,600 IRS employees committed tax evasion in a 10-year span; most still employed in spite of a 1998 law calling for termination in such cases. Many of the tax-evading agents were active in enforcing the federal tax laws they have broken. The agents found many ways to evade taxes;“improperly claiming dependents, repeated failure to file timely tax returns, claiming a tax credit for first-time homebuyers when the worker didn’t buy a house.”
International Monetary Fund working with national authorities in southeastern Europe on contingency plans for a Greek default, a senior fund official said—a rare public admission that regulators are preparing for the potential failure to agree on continued aid for Athens"to "ensure that subsidiaries of Greek banks have enough assets that they can exchange for emergency financing at their own central banks—in case financing from their parent institutions is suddenly cut off.
The crude only refinery is aimed at “securing long-term demand for Iran's exported crude oil”, Tehran was also in talks with an Indian company to build a refinery in India with the capacity to process 400,000 barrels of crude oil. India is the second biggest customer of Iran's crude oil after China.
In a little-noticed brief filed last summer, lawyers for the House of Representatives claimed that an SEC investigation of congressional insider trading should be blocked on principle, because lawmakers and their staff are constitutionally protected from such inquiries given the nature of their work.
U.S. Senator Bernie Sanders of Vermont, will introduce bill to break up country's biggest banks, the Too Big to Fail, Too Big to Exist Act, Financial Stability Oversight Council would compile list of institutions so large their collapse could trigger an economic crisis. The Treasury Secretary would have a year from bill's passing to break them up. "No financial institution should have holdings so extensive that its failure could send world economy into crisis."Firms on that list would be banned from using customer money to make "risky activities on the financial market.
Montana residents will no longer have their drivers licenses suspended if they fall behind on their student loan payments. A Montana law that allowed the state to revoke licenses for that infraction was scrapped. In at least 21 states, similar laws remain on the books.
The federal government set a record tax haul in April, taking in nearly a half-trillion dollars in one month alone, according to Congressional Budget Office statistics released Thursday. Spending, was a more modest $317 billion, leaving the government with a surplus for that one month of $155 billion — also a record.
Economic growth eventually runs into limits. Common workers can no longer afford to buy goods and services that the economy produces, because of inadequate wages. Not enough good paying jobs for workers, lack of investment opportunities, because workers cannot afford high prices of goods required to provide adequate return.
Darrell Issa, richest man in Congress; net worth in 2013 $448.4 million said America has made "our poor somewhat the envy of the world."Third World countries have greater inequality of income and wealth, less opportunity for people to rise from have not to the have," said Issa. In the U.S. he noted there is better availability and access to quality public education.
Russian President Vladimir Putin has weighed in on Greece's current financial drama, according to a Bloomberg alert, suggesting that the country may provide funds for Greek energy projects.
World’s central banks and governments throwing everything they can at the problem in an effort to keep system propped up long as possible, will leave most of world’s population, totally wiped out and impoverished. Result will be widespread civil unrest, violence as people realize they have nothing left and no ability to acquire even most basic essential resources.
US Financial Crimes Enforcement Network (FinCEN), issuedfirst-ever ‘civil enforcement action’ against a virtual currency; Ripple Labs. Hong Kong Treasury: “the Government does not consider it necessary to introduce legislation to regulate trading in virtual commodities or prohibit people from participating in such activities.”in the US and in Europe: Tracking down virtual currency transactions. Banning cash. Anything they can do to keep your money trapped in the system where they can keep their eyes on it.
German lawmakerFranz Wiese condemned European Union and Chancellor Angela Merkel’s anti-Russia policy; EU bans are destroying the country’s businesses, with dozens of reported bankruptcies.
Big businesses and politicians from both sides of the ideological spectrum are putting their muscle into new Washington lobbying efforts to end the U.S. embargo on Cuba as the two countries press ahead to re-establish diplomatic relations with the backing of more than a dozen Fortune 500 firms ranging from hotel companies to agricultural businesses.
Venezuela President Nicolas Maduro announced he is increasing the minimum wage for the second time this yearas well as the pensions for retirees by 30 percent, raise salaries for government employees and military personnel as well. Maduro: "I have to protect the vital salary of the workers as defended by the constitution."
LPR Head Igor Plotnitsky; Two months after Luhansk People’s Republic (LPR) introduced a multi-currency system over Kiev’s economic blockade Russian ruble took up 85% of money supply. 85% of all payments in LPR territory are made in Russian rubles while the Ukrainian hryvnia accounts for 12%.
U.S. Council on Economics is alarmed by risk being taken by European elites to bring Greece to heel. Greek default would cause a new and very “unpredictable” paradigm – huge uncertainty in markets. U.S. policy makers fear unforeseeable knock-on effects.
Donetsk People’s Republic in the process of putting together a formal government, plans to nationalize banks that have parasitized Ukraine for years no doubt drawn the ire of oligarchs that own those banks and Anglo-American banking cartel that owns the United States and NATO countries bent on world hegemony and submission to their will.
The IMF faces a dilemma right now. Threatening to stop providing funds to Greece means that Greece is less likely to repay it. On the other hand giving more money to Greece means that any default grows in size.
Russia is the U.S. second largest non-OPEC source of net petroleum products in the month of January. Canada is the largest at 2.9 million barrels per day, Russia at 389,000 bd, Columbia 264,000 bd, Chad 93,000 bd and Mexico at 44,000 bd.
China has liberalized its bond market and issued bonds in yuan, significantly liberalized its bond market and opened it for foreigners. Chinese bond market is the third largest in the world after the US and Japan.
China and Russia will sign a host of deals on energy, finances and investment during a visit by Chinese leader Xi Jinping to Moscow on May 8-10, Chinese Deputy Foreign Minister Chen Gopin said on Monday.
"Millionaires feel compelled to strive for more, spurred on by their own ambition, their desire to protect their lifestyle and an ever-present fear of losing it all. With memories of the financial crisis still lingering, most millionaires don’t have enough wealth to feel secure.
Athens is set to repay loans to all creditors, including the IMF, said the government’s spokesman Gabriel Sakellaridis. Finance Minister Yanis Varoufakis is set to again head the Greek negotiation team after being briefly dumped from the process.
The central banks areplanning drastic restrictions on cash . They see moving to electronic money will eliminate the underground economy, believe it will prevent a banking crisis and elimination of the ability to demand to withdraw funds from a bank, increase their control. Financial police searching people on trains passing through France to see if they are transporting cash, which they will seize.
The new compulsory control is provided for in the 2015 Australian budget.Everyone who has any savings must pay taxes on their savings. The measure is expected to serve as a global test balloon for Europe and North America.
US billionaire investment mogul David Bonderman believes that there's no time like the present to invest in Russia, adding that US sanctions policy has only backfired on them.
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