Pages: << 1 ... 7 8 9 10 11 12 13 14 15 16 17 ... 119 >>

Hryvnia Rallies To 1-Month Highs After Ukraine Raises Benchmark Rate To 30%

March 3rd, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-03-03/hryvnia-rallies-1-month-highs-after-ukraine-raises-benchmark-rate-30

Ukraine's central bank governor, Valeriya Gontareva, raised the nation's refinancing rate from 19.5% to a stunning 30% (effective Wednesday) in order to "stabilize the situation in the money and lending markets," and imposed some 'capital controls' on exporters holding foreign cash.

Austria stops payments on Hypo ‘bad bank’ debts

March 2nd, 2015
Categories: Economic

Link: http://wakeupfromyourslumber.com/austria-stops-payments-on-hypo-bad-bank-debts/

Austria has announced it is halting payments on more than €11 billion ($12.28 billion) in debts of the failed Hypo Alpe-Adria-Bank International AG until it has found a way of winding down the bank without imposing more costs on taxpayers. Already cost Austrian taxpayers €5.5 billion.

Russian Retail Food Price Freeze, as Inflation Surges

March 2nd, 2015
Categories: Economic

Link: http://www.thedailysheeple.com/russian-retail-food-price-freeze-as-inflation-surges_032015

Russia’s top supermarket chains are to freeze prices on basic foodstuffs for two months, soaking up the costs as food is expected to eat up half of Russians’ incomes this year.

As Greek Default Fears Return, Government Considers "Borrowing" Pensions To Repay IMF

March 2nd, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-03-02/greek-default-fears-return-government-considers-borrowing-pensions-repay-imf

Reuters reports the Greek government said it was "exploring solutions," including delaying payments to suppliers or try to raise up to 3 billion euros by borrowing from state entities such as pension funds.

Russia will explore ways of softening food embargo for Greece and Hungary — minister

March 2nd, 2015
Categories: Economic

Link: http://tass.ru/en/economy/780599

Russia will explore ways of softening food embargo for Greece and Hungary consistent with WTO norms; minister of economic development Alexey Ulyukayev.Solutions are explored making possible for goods from these nations to enter the Russian market through processing or tolling mechanisms.

German parliament endorses Syriza’s proposed austerity measures

March 1st, 2015
Categories: Economic

Link: http://www.wsws.org/en/articles/2015/02/28/gree-f28.html

The agreement, extending the existing austerity programme by four months, was finalised on February 20 between the Eurogroup and the newly-elected Syriza government in Athens after nearly a month of negotiations.

Apple To Buy Up To 30% Of The World’s Annual Gold Production?

March 1st, 2015
Categories: Economic

Link: http://www.blacklistednews.com/Apple_To_Buy_Up_To_30%25_Of_The_World%E2%80%99s_Annual_Gold_Production%3F/42262/0/38/38/Y/M.html

Even if Apple’s sales of this watch – which apparently has very heavy demand in China – fall short of Apple’s business plan by 50%, it means that Apple will become one of the largest buyers of gold in the world. This will place a lot more stress on the U.S./UK/EU Governments’ absurdly overleveraged fractional paper bullion scheme.

Record global stock prices reflect growth of financial parasitism

February 27th, 2015
Categories: Economic

Link: http://www.wsws.org/en/articles/2015/02/27/econ-f27.html

This week has seen global stock prices approach record highs under conditions where the German government took the unprecedented step of issuing bonds at a negative yield. The two interrelated developments point to an explosive growth of financial parasitism. Investment has fallen to historic lows because of the lack of demand and profit opportunities.

India to negotiate free trade zone with Russia-led Customs Union

February 26th, 2015
Categories: Economic

Link: http://rt.com/business/235731-india-russia-customs-union/

India is to start negotiating a free trade agreement with the Customs Union of Russia, Belarus and Kazakhstan within the next six months, Indian Deputy Minister of Commerce and Industry Rajeev Kher.

Minimum Wage in Ukraine Now Lower than in Zambia and Ghana

February 26th, 2015
Categories: Economic

Link: http://russia-insider.com/en/ukraine/2015/02/25/3867

After another fall in Ukrainian currency, the Hryvnia, minimum wage in Ukraine reached an all-time low: 1218 Hryvnia is now worth less than 43 US dollars. Bangladesh, Ghana and Zambia, people receive around 4 dollars more. African countries of Lesotho, Gambia and Chad, minimum wage as high as 51 dollars. Highest global minimum wage in Australia: 2700 dollars (a month).

This Billionaire Governor Taxed the Rich and Raised the Minimum Wage. Now, His State's Economy is One of the Best in the Country

February 25th, 2015
Categories: Economic

Link: http://www.orrazz.com/2015/02/this-billionaire-governor-taxed-rich.html

Minnesota governor Mark Dayton inherited a$6.2 billion budget deficit and a 7 percent unemployment rate. agreed to raise Minnesota's minimum wage to $9.50 an hour by 2018, and passed a state lawguaranteeing equal pay for women. Between 2011 and 2015, Gov. Dayton added 172,000 new jobs, 5th-lowest unemployment rate in the country.

IL Governor Rauner Gets $750,000 Tax Break, Proposes Slashing Services to Middle Class and Poor: "...[H]e could easily become the national symbol of the trickle down economic theory that has failed to produce benefits for everyday Americans..."

February 25th, 2015
Categories: Economic

Link: http://refreshingnews99.blogspot.in/2015/02/il-governor-rauner-gets-750000-tax.html

Rauner, who made $61 million in 2013 - or $29,000 per hour. Cutting health care benefits for homecare workers. Slashing funding for the Department of Children and Family Services. Cutting Medicaid spending by1.5 billion - including735 million in cuts to hospitals serving Medicaid patients. Increasing childcare copays for working parents. Move state employees into pension plans with lower benefits.
Rauner claims his proposal is a "turnaround budget."

Thirty-seven percent of Americans live on the brink of financial disaster

February 25th, 2015
Categories: News, Economic

Link: http://english.pravda.ru/news/society/25-02-2015/129899-americans_financial_disaster-0/

US-based financial company Bankrate surveyed a thousand of adult residents of the United States. The research was conducted to identify the level of financial security of citizens. The results of the study were published on the website of the company.

Why Would the U.S. Chamber of Commerce Promote Issues that are Bad for the American People?

February 25th, 2015
Categories: News, Economic

Link: http://economyincrisis.org/content/why-are-congressional-republicans-planning-to-give-president-obama-more-power-next-year

The U.S. Chamber of Commerce is the largest supporter of the Trans-Pacific Partnership (TPP). This group represents large multinational corporations, many of which are registered as American, but a large percentage of their businesses and profits reside in foreign countries.

Ukraine Enters Hyperinflation: Currency Trading Halted, "Soon We Will Walk Around With Suitcases For Cash"

February 25th, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-02-25/ukraine-enters-hyperinflation-currency-trading-halted-soon-we-will-wwalk-around-suit

New gas dispute as Gazprom demands upfront payments; capital controls tightened, the $17.5bn IMF loan may not be enough; central bank governor faces prosecution as the economy craters. Although banks could still trade with each other, by mid-morning there were no registered trades at any rate, leaving the currency in limbo. The previous day, the central bank rate based on reported trades had fallen 11 percent against the dollar.

5 Sure Signs the U.S. Economy is Finished

February 25th, 2015
Categories: News, Economic

Link: http://economyincrisis.org/content/5-sure-signs-the-u-s-economy-is-finished

With the S&P 500 at all-time highs and Americans getting ready to spend more than $600 billion on Christmas, what’s not to love about the “New Economy?”

Putin: Gas supplies to Europe could suffer in 3-4 days if Kiev doesn't pay

February 25th, 2015
Categories: Economic

Link: http://rt.com/news/235459-putin-gas-ukraine-europe/

Putin: “Gazprom has been fully complying with its obligations under the Ukraine gas supply contract and will continue doing that.” “The advance payment for gas supply made by the Ukrainian side will be in place for another three to four days. If there is no further prepayment, Gazprom will suspend supplies under the contract and its supplement. Of course, this could create a certain problem for [gas] transit to Europe to our European partners.”

Revolt In Athens: Syriza Central Committee Member Says "Leadership Strategy Has Failed Miserably"

February 24th, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-02-24/mutiny-athens-central-committee-member-slams-syriza-leadership-strategy-which-failed

Whatever illusions still existed regarding the possibility of using European funds for purposes outside of the straitjacket of those for which they had been earmarked — and even more that they should be placed under the Greek government’s jurisdiction — have thus been dispelled.

Japan’s credit card firm to start using Russia’s national payment system by end of 2015

February 24th, 2015
Categories: Economic

Link: http://rt.com/business/235079-jcb-national-payment-system/

The Japanese JCB payment system is ready to start working with Russia’s national payment system (NPCS) by the end of 2015, according to company CEO Takashi Suetsugu.

Stock markets rise after Greece signs new austerity agreement

February 24th, 2015
Categories: Economic

Link: http://www.wsws.org/en/articles/2015/02/24/gree-f24.html

Europe’s stock markets rose Monday in response to the four-month extension of austerity agreed Friday between the Greek government and the euro group.

Moody’s downgrades ratings of Russia’s biggest banks

February 24th, 2015
Categories: Economic

Link: http://tass.ru/en/economy/779409

Moody’s rating agency downgraded seven Russian financial institutions - Sberbank, Bank VTB, Gazprombank, Russian Agricultural Bank, Agency for Housing Mortgage Lending, Vnesheconombank and Alfa-Bank, "follow the weakening of Russia's credit profile, as reflected by Moody's downgrade of Russia's government debt rating to Ba1 from Baa3 on February 20, 2015."

Making Me Pay For My Crimes Would Send “Message of Uncertainty to the Markets”: Bank President to Spanish Judge

February 23rd, 2015
Categories: Economic

Link: http://www.blacklistednews.com/Making_Me_Pay_For_My_Crimes_Would_Send_%E2%80%9CMessage_of_Uncertainty_to_the_Markets%E2%80%9D%3A_Bank_President_to_Spanish_Judge/42106/0/38/38/Y/M.html

Rodrigo Rato, the bank’s former chairman and one-time IMF president, In aappeal leaked to the Spanish press cautioned that Judge Andreu’s “premature” decision to force the six defendants to compensate the thousands of shareholders they are accused of defrauding could end up provoking a “much greater evil” than that it is supposed to address. Could send a “message of uncertainty to the markets.”

No Time for Laughter: Gas Prices in Ukraine to Increase Fourfold on April 1

February 22nd, 2015
Categories: Economic

Link: http://sputniknews.com/business/20150221/1018580786.html

Starting April 1, gas prices in Ukraine will increase by four times, according to the country’s Minister of Energy and Coal Industry Volodymyr Demchyshyn, said the International Monetary Fund (IMF), main creditor of Ukraine, pushed Kiev to raise the gas consumer tariffs in Ukraine so that they would match Western European levels, demanded an immediate increase in gas prices.

Moody’s lowers Russia’s debt rating to Ba1

February 21st, 2015
Categories: Economic

Link: http://tass.ru/en/economy/779042

International rating agency Moody’s has revised downwards Russia’s sovereign debt rating to Ba1 (speculative) from Baa3, offering the continuing crisis in Ukraine and dwindling oil prices as the main reasons. The Russian Ministry of Finance promptly replied the decision was politically motivated.

Why Are Govt Subsidies Forcing GMO Baby Formula on Low Income Mothers?

February 21st, 2015
Categories: Economic

Link: http://naturalsociety.com/govt-subsidies-forcing-gmo-baby-formula-low-income-mothers/

t mothers and babies who receive federally-funded WIC assistance (Women, Infants and Children Program) are usually provided with formula comprised of GMO ingredients, including GMO corn and GMO soy.

German finance minister demands unconditional surrender from Greece

February 20th, 2015
Categories: Economic

Link: http://www.wsws.org/en/articles/2015/02/20/germ-f20.html

German Finance Minister Wolfgang Schäuble (CDU) rejected outright written requests by the Greek government on Thursday for an extension of its previous credit agreement with the EU. Schäuble wants to create a precedent for all of Europe by completely humiliating the Syriza government.

EU ambassador to Russia voices concern over trade decline

February 20th, 2015
Categories: Economic

Link: http://tass.ru/en/economy/779007

. A 20% decline in the Russia-EU trade turnover in 2014 reported by Eurostat caused concern, EU Ambassador to Russia Vygaudas Usackas said during his meeting with Chairman of the Federation Council’s International Affairs Committee Konstantin Kosachev on Friday.

The Rich Pay State and Local Taxes at Half the Rate the Rest of Us Do

February 20th, 2015
Categories: Economic

Link: http://www.democraticunderground.com/10141019475

Institute on Taxation and Economic Policy: the poorest 20 percent of households pay on average more than twice the effective state and local tax rate (10.9 percent) as the richest 1 percent of taxpayers (5.4 percent).

Record ruble rally on back of higher oil & Ukraine stabilization

February 20th, 2015
Categories: Economic

Link: http://rt.com/business/233999-ruble-markets-trade-oil/

The Russian ruble has been the best performing emerging markets currency in February, adding 12 percent since the beginning of the month. Higher oil prices coupled with a Ukraine ceasefire agreement and stabilization in Debaltsevo has inspired investors.

Not a single step backward!

February 19th, 2015
Categories: Economic

Link: http://socialistworker.org/2015/02/19/not-a-single-step-backward

Negotiations between Greece and eurozone finance ministers collapsed Monday, that could force Greece into default and out of the euro currency, mobilizing unions and social movements around the slogan: "Let's take it all back." Threatens continuation of austerity measures across Europe, lenders want to halt them now before they acquire dangerous and uncontrollable proportions.

De-Dollarization Accelerates: Russia Launches SWIFT-Alternative Linking 91 Entities

February 19th, 2015
Categories: Economic

Link: http://russia-insider.com/en/business/2015/02/19/3654

SWIFT (The Society for Worldwide Interbank Financial Telecommunication) a Belgium-based international organization that provides services and a standardized environment for global banking communicating that allows financial institutions to send and receive messages about their transactions. This week Russia launched its own 'SWIFT' alternative, linking 91 credit institutions, suggests de-dollarization is considerably further along than many expected especially as Russia dumps US Treasuries at a record pace.

Greece And The Endgame Of The Neocolonial Model Of Exploitation

February 19th, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-02-19/greece-and-endgame-neocolonial-model-exploitation

With the bankruptcy of Greece now undeniable, we've finally reached the endgame of the Neocolonial-Financialization Model. Banks extracted enormous profits from expansion of debt. Taxpayers are now feudal serfs whose labor is devoted to making good on any loans that go bad. Note how little of the Greek "bailout" actually went to the citizenry and how much was interest paid to the financial powers.

UK Guardian, Bank of England: ‘Banks create money as debt.’ Translation: debt-free money, at-cost credit create instant prosperity - Video

February 19th, 2015
Categories: Economic

Link: http://www.washingtonsblog.com/2015/02/uk-guardian-bank-england-banks-create-money-debt-translation-debt-free-money-cost-credit-creates-instant-prosperity.html

What we use for money is created as a debt, with the consequence of unpayable and increasing debt. The debt only gets larger, and will never be repaid because this is what we use for money, system is like adding negative numbers forever. The public costs of this fraud are trillions of dollars.

Germany rejects Greek proposal as 'no substantial solution'

February 19th, 2015
Categories: Economic

Link: http://www.democraticunderground.com/10141018079

Germany on Thursday rejected a request by Greece to its European partners for a six-month extension to its EU loan programme, saying it was "not a substantial proposal for a solution"; spokesman for German Finance Minister Wolfgang Schaeuble.

Russia Dumps Most US Paper Ever As China Reduces Treasurys Holdings To January 2013 Levels

February 18th, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-02-18/russia-dumps-most-us-paper-ever-china-reduces-treasurys-holdings-january-2013-levels

Russia added to its gold holdings, selling $22 billion in US Treasurys, record 20% of its total holdings, bringing its US paper inventory to $86 billion in December lowest since June 2008.

French government forces through austerity measures without vote in parliament

February 18th, 2015
Categories: Economic

Link: http://www.wsws.org/en/articles/2015/02/18/macr-f18.html

French Prime Minister Manuel Valls’ government yesterday forced through an unpopular bill imposing large-scale liberalization of the French economy without a parliamentary vote. Instead, Valls used the anti-democratic provision 49-3 of the French Constitution, which allows the executive to force the National Assembly to either adopt the bill or bring down the government.

3 Simple Solutions to Fix America’s Broken Economy

February 17th, 2015
Categories: News, Economic

Link: http://economyincrisis.org/content/simple-solutions-to-fix-americas-broken-economy

America’s economic woes are no secret. Nations like China are growing more and more economically powerful, while America is spiraling out of control.

Ignorance and Arrogance Are Destroying the Economy

February 17th, 2015
Categories: News, Economic

Link: http://economyincrisis.org/content/ignorance-and-arrogance-are-destroying-the-economy

Every sensible country protects its industries and companies from foreign takeover. Protectionism is a matter of self-preservation. Apparently American politicians are neither interested in being sensible nor are they interested in our nation’s economic survival.

Chinese shoppers to outspend US by 2018

February 15th, 2015
Categories: Economic

Link: http://rt.com/business/231983-china-retail-growth-mobile/

China poised to outstrip the US as world’s largest retail market by 2018, online purchases quickly replacing conventional shopping, according to PricewaterhouseCoopers (PwC). China’s retail market expected to be $10.3 trillion by 2018, compared to $5 trillion in sales projected for North America.

Central banks’ gold purchases close to 50yr high – research

February 15th, 2015
Categories: Economic

Link: http://rt.com/business/231723-central-banks-gold-purchase/

Central banks across the world have purchased a record 477.2 tons of gold in 2014 as an attempt to reduce the influence of the US dollar amid global financial instability, according to World Gold Council.

<< 1 ... 7 8 9 10 11 12 13 14 15 16 17 ... 119 >>

News Share this page submit to reddit

Your donation helps provide a place for people to speak out.
Not tax deductible. editor@thepeoplesvoice.org

Search

Search the Site Search the Internet
July 2015
Sun Mon Tue Wed Thu Fri Sat
 << <   > >>
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31  

Referred by Liberty
Just Foreign Policy Iraqi Death Estimator

XML Feeds

Thepeoplesvoice.org is conducting a fund drive. We need your help. This is one of a handful of sites that provides people with a place to speak out. We post news, videos, take action issues, book reviews, past news items, and send out a weekly newsletter. We have no agenda, no special interest. We are dedicated to positive change through an informed public. If you find the contents of the site useful and entertaining please consider making a donation. (Not tax deductible)

Sincerely, editor@thepeoplesvoice.org


powered by b2evolution free blog software
FAIR USE NOTICE: This site contains copyrighted articles and information about environmental, political, human rights, economic, democratic, scientific, and social justice issues, etc. This news and information is displayed without profit for educational purposes, in accordance with, Title 17 U.S.C. Section 107 of the US Copyright Law. Thepeoplesvoice.org is a non-advocacy internet web site, edited by non-affiliated U.S. citizens. editor