International Monetary Fund chief Christine Lagarde warned Russia that its economy, already facing lower economic growth because of the crisis in Ukraine, would face still further decline if tension with the West is allowed to continue.
A record number of Americans are renouncing their citizenship as they seek to remove the burden of filing complicated and costly tax returns simply for living in another country. Last year,3,000 Americans gave up their passports tripled the average of previous five years.
Spanish Government plans to collect data on all of the country’s 34 million bank accounts in what it calls a bid to crack down on money laundering and terrorist activity. Move has drawn plenty of fire. Tax Office, military, General Council of the Judiciary, secret services able to access information.
The US economy is trapped between two economic barriers that effectively are whittling away America's global dominance: the Federal Reserve Bank and the minimum wage laws.
Is the Fed “tapering”? Did the Fed really cut its bond purchases during the three month period November 2013 through January 2014? Apparently not if foreign holders of Treasuries are unloading them.
The Venezuelan President has severely denounced US sanctions against his government over alleged human rights violations. Nicolas Maduro: "It's hardly worth responding to the stupid things the imperialist elites in the north do. They can keep their threats and stupidities.
American energy companies are using a crude oil loophole to input high profits that are record-breaking in terms of petroleum exports with the shale gas industry only expected to grow.
CBS News travel editor Peter Greenberg: Malaysia Airlines received $200 million in insurance money, such a massive payout can be a windfall for a carrier. Greenberg talks to the "CBS This Morning" co-hosts about other air accidents and how payments are distributed to the surviving family members.
Gazprom will present Ukraine bill Tuesday, demand payment by June 2. "If Ukraine does not pay Gazprom will, by 10am (0600 GMT) on June 3, inform Ukraine what amount of gas will be supplied in accordance with the pre-payment." Amount of gas to be supplied would be zero if no payment is made.
11-May-2014 Clif High IDIR, Bitcoin, Gold, Silver, US Dollar, Ukraine War, Russia, Children, Housing
Spanish magistrate Elpidio Silva sent CEO of a bailed-out too-big-to-fail bank to jail, was then suspended from the case, which is currently on hold. Accused of perversion of justice, If found guilty, Silva faces indefinite expulsion from the bench.
The founder and CEO of Subway says a minimum wage increase wouldn’t be such a bad thing for his stores and workers and believes it should be changed so that wages rise automatically with inflation. “Minimum-wage workers deserve to make more.
“Financial cooperation between China and Russia is growing as local currency settlement in two-way trade increases and consultations on a package of currency swaps are on-going,” said Zhang. This would remove the necessity for transactions to be settled in two foreign exchange trades via the US dollar.
Ukrainian Energy Minister Yuriy Prodan: Ukraine does not acknowledge $3.5 billion debt for Russian gas. "We cannot accept figure mentioned by Gazprom because calculations based on economically unsound price. Prodan replied his country unable to switch to advance payment system for gas.
Energy Minister Alexander Novak: Russia will supply natural gas to Ukraine on a prepaid basis from June 1, “May 7 last day Ukraine had to pay for gas. not received payment since March of this year. Debt for gas has reached 3,508 billion U.S. dollars. Contract entails automatic prepaid basis.
US Treasury Undersecretary David Cohe Western sanctions against Russia over the crisis in Ukraine are taking a toll. Sanctions meant to hurt Russia also inflicting pain on companies in the US and particularly Europe, whose banks and energy firms more dependent on Moscow,
Clashes Wednesday in province of Chaco. Hundreds of members of trade unions gathered at central square of provincial capital, Resistencia, demand pay rise, denounced proposed 25-percent pay rise insufficient. Police fired rubber bullets, tear gas to disperse demonstrators. Injuries reported.
A new Brookings Institution report indicates that businesses are shuttering their doors more quickly than new ones are popping up.
Gazprom: Ukraine has once again forgotten to pay latest monthly, April, gas bill. As a result, total amount now due rises from $2.2 billion to $3.5 billion. Ukraine might receive Russian gas only on the condition of advanced payment. Deadline has passed, no payment received.
Job offers never come easily to young adults entering the workforce, but a new study from the Economic Policy Institute (EPI) forecasts very slim pickings for the Class of 2014, with consequences likely to carry on for a full 10-15 years.
Colorado lawmakers approved world's first financial system for marijuana industry , a network of uninsured cooperatives designed to give pot businesses a way to access basic banking services. Plan seeks to move marijuana industry away from cash-only.
America's Bureau of Labor Statistics reports inflation in the US running at 1.5 percent.This is dangerous nonsense.
Chinese homebuyers and businesses starting to flood into Motor City. Michigan governor encouraging this. Asked Obama administration for 50,000 special federal immigration visas to encourage more immigration from China. Attract foreign professionals. Gov. Snyder: Detroit is open to the world.“
major increase in seismic shaking led to a rare earthquake warning May 5 from the U.S. Geological Survey and the Oklahoma Geological Survey. many researchers suspect the deep injection wells used for the disposal of fracking wastewater could be causing the earthquake activity.
Switzerland's federal prosecutor has frozen 170 million Swiss francs ($193.34 million) of assets in Swiss bank accounts belonging to former Ukrainian president Viktor Yanukovich and people close to him, opened five investigations against individuals suspected of money-laundering.
DPA, or diphenylamine, banned by European officials, toxin on American apples and pears. DPA sprayed on apples to prevent “storage scald”, darkening of fruit’s skin after months of cold storage. Banned in European Union in 2012, producers couldn’t answer questions about safety.
Reading between the lines of a just-released optimistic report on global flows of goods, services and finance by the McKinsey Global Institute, one can conclude that the developed world is benefiting more from globalization than the developing one.
“The Elite are instituting drastic measures which will be implemented IMMEDIATELY. The world as we know it will never be the same again. Expect catastrophic events in the monetary world, nature and the Elite EXPECT DIVINE REPERCUSSIONS.”
When planning transport systems in developing countries, one of the main challenges is to evaluate the proportion of income spent by poorer households on transport as well as in understanding transport patterns in relation to residential location, travel distance and travel mode.
Democrats have yet another issue on which Republicans in Congress have now voted against the will of the vast majority of Americans: raising the minimum wage.
IMF: $17bn loan to Ukraine. Gazprom gets paid; Ukraine gets cash; US, EU more 'control. IF UKRAINE GOVERNMENT LOSES CONTROL OVER EAST OF COUNTRY, $17 BLN IMF BAILOUT WOULD BE REDESIGNED. Means go to war with pro-Russian forces, possibly Russia itself or no money.
Europe is powering the military rise of China, approving multi-million dollar deals for the transfer of weapons and dual-use technology – despite an arms embargo stemming from the 1989 Tiananmen Square crackdown. China is world’s second largest military spender, fastest growing military market.
A top election-year proposal from Democrats -- a bid to raise the federal minimum wage -- was rejected by Republicans in the Senate, who blocked legislation Wednesday to boost the rate to $10.10 an hour.
No, the economy is most definitely not "recovering". Despite what you may hear from the politicians and from the mainstream media, the truth is that the U.S. economy is in far worse shape than it was prior to the last recession. In fact, we are still pretty much where we were...
Loan is dependent on strict economic reforms, raising taxes, energy prices, freeze minimum wage, further funds of $15bn from other donors, World Bank, EU, Canada and Japan. Commitment to help Ukraine recover tens of billions of dollars allegedly stolen by the ousted President Yanukovych.
Owner of a Swiss trust company plead guilty to conspiring with Credit Suisse bankers to enable U.S. customers to avoid taxes by hiding assets in secret Swiss bank accounts in names of sham entities. Josef Dorig admitted to “wideranging” conspiracy between 1997, 2011 Faces five years prison.
Ukraine’s economy contracted 1.1 percent in first three months of 2014. on track to slow 4 percent overall in 2014. Ukraine’s economy had been headed towards default before protests began. Gold and foreign exchange reserves quickly depleting. $4 billion in international reserves wiped out.
China may pass the US and become the world’s most important economy this year, according to the World Bank. It would take the position the US has held since 1872. IMF: Chinese economy contributed a quarter of total global growth. Between 2011-2014, China’s economy will account for 24 percent.
You need to know this. For most of our lives, we've been taught that hard work pays off, but most of the super-rich didn't make their money by working hard.
LISTENING to the polarized energy debate in the United States, you might think natural gas was an economic and geopolitical cure-all — or an environmental curse.
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