On 9/28/2015, Tepco announced they are going to receive the 44th financial support from the government of Japan. The received value is 412 Billion yen (411,800,000,000 yen) from NDF (the Nuclear Damage Compensation and Decommissioning Facilitation Corporation). Tepco had already received 5.3 Trillion yen of financial support.
Glencore largest commodities trading company on the entire planet, 10th biggest company in the world, linked to trillions of dollars of derivatives trades globally, if the firm were to implode it would be a financial disaster unlike anything we have seen. The stock price was down nearly 30 percent Monday, overall Glencore stock plunged 80 percent since May.
Washington is a black hole into which all sanity is sucked out of government deliberations. Washington’s failures are everywhere visible; in wars, approach to China and Russia. Washington considers countries with independent foreign policies to be threats. Real basis of US power—its economy—continues to crumble. Jobs have disappeared by the millions. Washington’s principal objective is to prevent the rise of countries that could be sufficiently powerful to resist American hegemony.
Alexion Pharmaceuticals arguing Canada has no authority to force lower prices for Soliris, only drug produced by Alexion; earned revenues of more than $6 billion last eight years, one year of therapy in Canada costs $700,000, absolutely necessary for two rare blood disorders that affect only one in a million people.
Pope Francis: there is a “right of the environment” and mankind has no authority to abuse it, telling more than 100 world leaders and diplomats at the United Nations urgent action is needed to halt the destruction of God's creation. Accused the world's powerful countries of indulging a “selfish and boundless thirst” for money by ravaging the planet's natural resources and impoverishing the weak and disadvantaged in the process.
The United States – The Dow Jones Industrial Average is down more than 2000 points
China – The Shanghai Composite Index has plummeted nearly 40 percent manufacturing index has hit a 78-month low.
Japan – The Nikkei down more than 3000 points
Germany – Almost one-fourth of the value of German stocks wiped out,
The United Kingdom – British stocks down 16 percent economy is definitely on shaky ground.
France – French stocks declined 18 percent,
Brazil – Brazil is the epicenter of the South American financial crisis of 2015. Stocks plunged more than 12,000 points
Italy – stocks down 15 percent,
India – Stocks dropped 4000 points, concern about this major exporting nation as global trade continues to contract.
. Every other wealthy country has some system of price controls or negotiated prices where the government limits the extent to which drug companies can exploit the monopoly it has given them. The result is that we pay roughly twice as much for our drugs as the average for other wealthy countries.
Kashi will pay $4 million in a false advertising lawsuit put forth in Florida. The lawsuit claimed that Kellogg’s, the parent company for Kashi, advertised an “all natural” (GM-free) product that was, in reality, full of genetically modified ingredients.
Mayor Eric Garcetti seven city council members in Los Angeles, California, have declared a “state of emergency” over the rising problem of homelessness and poverty in the second largest city in the United States. Los Angeles officials proposed spending $100 million to provide permanent housing and shelters to help the city's 26,000 homeless.
Uruguay’s government decided to end its participation in the secret negotiations of the Trade in Services Agreement (TISA). After months of intense pressure led by unions and other grassroots movements that culminated in a national general strike on the issue.
Colombia to end aerial spraying of herbicides on coca crops after the World Health Organization said the popular weed killer glyphosate probably causes cancer.
Over the past 20 years, more than 4 million acres in Colombia have been sprayed with glyphosate to kill coca plants, growers who move from coca to alternative crops will receive financial and technical assistance.
Dilcy Benn, president of the union’s Local 1505, said more than 100 of the 1,000 parks workers she represents are living in shelters and at least another four are living on the streets on Staten Island and The Bronx. Median rent is $2,690 a month. Unclear how many members were homeless before they began working for the city. The city’s Department of Homeless Services refused to comment. Financial service industry bonuses were saved.
Investors have turned to farmland as part of a sweeping push into physical assets — everything from lumber, hotels and apartments to parking meters, bridges and highways
Russian President Vladimir Putin assessed the economic situation in Russia as challenging but not critical and called on economic policymakers to preserve the role of the federal budget as the leading instrument of development, reduce the budget's dependence on oil prices.
Monsanto’s stock did even more poorly than analysts expected last quarter, with its stock taking another 15 percent nose-dive due to a stronger dollar, and weak seed sales.‘’ The company is warning its investors that profits will not maintain previously suggested levels.
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