The March for Health, Homes, Jobs and Education was organized by activist group the People's Assembly Against Austerity. The demonstrators called for an end to austerity, and demanded that David Cameron quit over the Panama Papers revelation that he profited from his father's offshore investment fund.
MOSCOW, April 14. /TASS/. Russian President Vladimir Putin: "Yes, certain drawbacks have been exposed," he said during his annual televised Q&A session officially known as "The Direct Line with Vladimir Putin. "I shall be honest, there are many of them. Everything is now carefully being examined; experts of many manufacturing companies went to the field "to tune up the equipment to the required condition." "The work continues," "Interest in our weapons, after operation in Syria has grown sharply," "We cannot meet the demands of the foreign market on some kinds of weapons, for example air defense systems; "three plants for production of this hardware had to be built.
MOSCOW (Sputnik) – Russian President Vladimir Putin expressed confidence Thursday that Russia would continue signing contracts on arms deliveries with international partners."This is how it will be," Putin said during his traditional Q&A session, answering a question on how Russia could consolidate the success of its arms which was demonstrated during its campaign in Syria to continue signing contracts with international partners. According to the president, international interest in Russian weapons increased sharply following the Syria operation.
Ford's sales in Russia from January to March are up 93 percent. Ford has invested more than $1.5 billion in Russia since 2011.. Last year, the car market in Russia shrank nearly 40 percent due to the economic recession. Ford sales jumped 93 percent in the first quarter of the current year, after the company continued investing in plant and new models in 2015.
Air traffic controllers at Brussels Airport, Belgium’s main aviation hub, struck in unofficial wildcat action for a second day on Wednesday. They are protesting plans of air traffic agency Belgocontrol to raise their pension age from 55 to 58. The strike, involving around 80 controllers, began 5pm Tuesday and led to the delay and cancellation of dozens of flights. For about an hour Tuesday evening, all take-offs and landings were cancelled. Hundreds of flights were cancelled on Wednesday.
Russian Energy Minister Alexander Novak: Russia received information from Qatar 17 countries will be participating in a meeting in Doha dedicated to oil producing states to discuss freezing the extraction of oil. The Organization of the Petroleum Exporting Countries (OPEC) members and non-OPEC oil producers are expected to discuss freezing oil output to curb oversupplies.
Cannabis earned the state nearly $70 million in taxes in 2015, nearly double the $42 million collected from alcohol taxes. Legalization has also created thousands of jobs for residents. This is the first year that taxes from sales of marijuana in Pueblo County will go toward college scholarships for seniors.
39,000 Verizon workers walked off their jobs Tuesday at hundreds of locations, set up picket lines in New York, Boston, Philadelphia, Washington, DC and other cities. Workers are opposing stagnating wages, attacks on pensions, increased health care costs, outsourcing and the demand to transfer workers across wide geographic areas for extended time periods with little or no advance notice; part of a growing mood of resistance among workers in the US and internationally. The company makes $1.8 billion in profits each month.
A study published Monday in the Journal of the American Medical Association (JAMA) provides more evidence that life expectancy in the United States is chiefly determined by economic class. Higher income is the most critical factor in longevity, the study found, with the gap between the richest one percent and poorest one percent of individuals averaging 14.6 years for men and 10.1 years for women.The study was based on income data derived from 1.4 billion tax records between 1999 and 2014 of individuals aged 40 to 76, and death records obtained from the Social Security Administration.
Wall Street bank Goldman Sachs has agreed to pay $5.06 billion to settle claims it misled mortgage bond investors during the 2008 financial crisis, the US Department of Justice said on Monday. Settlement is related to the bank’s “conduct in packaging, securitization, marketing and sale of residential mortgage-backed securities between 2005 and 2007. This resolution holds Goldman Sachs accountable for its serious misconduct in falsely assuring investors that securities it sold were backed by sound mortgages, when it knew that they were full of mortgages that were likely to fail,.
The United States is dropping bombs on people at such a furious rate, munitions manufacturers have been unable to keep up with demand. U.S. military conducting bombing missions in Iraq, Afghanistan, Syria and elsewhere. Saudi Arabia employed U.S.-made bombs in Yemen. The spike in demand for weapons of war since the attacks in Paris have sent stock prices and arms sales through the roof.
Today capitalism is being financialized. Few earned their billions by producing goods and services sold to consumers. They got them through political connections and purely financial transactions. When the Soviet Union fell apart well connected individuals in Russia and Ukraine, ended up with massive holdings that formerly were state properties. In the US billionaires result from bank lending for leveraged takeovers of companies. Often the company and its employees are ruined. For the past two decades Western economies have served no one but the very rich. The money elevates the political power of individuals. Oxfam, an international charity headquartered in Oxford, England, reports that 62 billionaires own half of the wealth in the world. Warren Buffett, one of the richest mega-billionaires, said his secretary’s tax rate was higher than his. If governments do not rectify this, revolution will.
Clashes broke out in France Saturday as tens of thousands of people joined demonstrations in several cities to protest against labor reforms by the government.Police fired tear gas in the capital Paris and the western city of Rennes as people were out for the sixth consecutive day to urge the government to withdraw the labor reforms bill.. At least three police officers were injured.
Organic food demand is exploding; organic food sales $37 billion annually, up 12% from just a year ago, farmers switching to organic crops at a growing rate. The masses are seeing how toxic our current approach to agriculture can be. .Awareness growing on the potential dangers of GMOs and the very negative impact pesticides and herbicides have on human health and the environment,
Russian Deputy Prime Minister Dmitry Rogozin : Russia will continue delivering weapons to Azerbaijan and Armenia as its strategic partners under existing contracts. Both these countries are our strategic partners," Rogozin said. Azerbaijan is a large partner of Russia on the weapons market. In 2010-2014, Moscow signed contracts with Baku on the delivery of helicopters, anti-aircraft missile systems, tanks and artillery systems, estimated at $4 billion. Moscow also supplies armaments to Armenia, including armored vehicles, communications, and other military hardware.
Japan introducing an alternative to cash and credit cards, hopes the move will attract more tourists. Tests are starting this summer. The system will calculate how much money a customer has based on a fingerprint. Japan hopes to have it up-and-running in time for the 2020 Tokyo Olympics. A version already exists at a bank and a theme park in Nagasaki Prefecture. Customers there can make payments at over 30 restaurants and businesses. You only have to go through one scan when arriving to Japan, customer places two fingers on a scanner to complete payment.
The World Trade Organisation reported earlier this week that 2016 will see the growth in world trade fall below 3 percent for the fifth consecutive year, the slowest rate since the 1980s. The WTO said the volume of world trade would increase by only 2.8 percent this year, the same as in 2015. Significantly, it did not predict a bounce back in trade as it has in recent years. In the wake of the global financial crisis of 2008, world trade plunged in 2009, at one point falling at an even faster rate than at the beginning of the 1930s. WTO economists wrote that “such a long, uninterrupted spell of slow but positive trade growth is unprecedented.”
worldwide crisis in the steel and iron ore industries, in which hundreds of thousands of workers’ jobs are being destroyed—half a million of them in China alone. Workers in Australia, like those in China and around the world, are being made to pay for a colossal breakdown in the world capitalist economy .
The central parity rate of the Chinese yuan, or renminbi as it's also known, weakened 91 basis points against the US dollar on Wednesday with analysts forecasting its further weakening by the end of the year.
Stockholm International Peace Research Institute report: Spending on weapons and other military costs grew by more than one percent in 2015, marking the first year of growth in total military purchasing by governments worldwide since 2011.Total military purchases reached $1,676 billion in 2015, or nearly $1.7 trillion, consuming some 2.3 percent of global gross domestic product (GDP), SIPRI found. The United States remained leading financier of militarism worldwide, spending nearly $600 billion.,
China’s e-commerce site Alibaba has become the world’s largest retail platform, according to a US Securities and Exchange Commission (SEC) filing released on Tuesday; the Chinese retailer said it had reached 3 trillion yuan (about $476 billion) in Gross Market Value (GMV)...
100 global newspapers, in collaboration with the International Consortium of Investigative Journalists (ICIJ), began releasing reports on corruption, money laundering and other fraudulent activities by leading global politicians and business people disclosed in what the ICIJ called the “biggest leak of inside information in history” based on 11.5 million confidential documents from the Panamanian corporate service provider Mossack Fonseca that provide detailed information on more than 214,000 offshore companies.
Between 2014 and 2015, domestic certified organic operations increased by nearly 12%, according to the Agricultural Marketing Service’s (AMS) National Organic Program (NOP). “Organic food is one of the fastest growing segments of American agriculture,” says agriculture secretary Tom Vilsack.
Crude prices slid to their lowest level since March 4 after the US Energy Information Administration reported gasoline demand fell for first time in 14 months. Another reason for oil prices being pushed down is Russian production that hit a 30-year high in March.
Christoph Leitl is a member of the Austrian People’s Party and president of the Austrian Federal Economic Chamber :.Western sanctions against Russia make no sense. Russia is one of the most important partner for Brussels, contributed a lot to resolving Syrian crisis. Putin’s idea of a free trade zone across the continent in 2010 was supported by many European leaders and politicians. The initiative would strengthen the positions of Europe among other global regions.. Next week, Leitl will join Austrian President Heinz Fischer during their visit to Moscow.
IMF officials said a threat of an imminent financial disaster was necessary to force a “decision point,” leveraging German Chancellor Angela Merkel on debt relief and Greece into accepting IMF “measures” against pensions and working conditions,
UK supermarket Waitrose to remove all of Monsanto’s Roundup herbicide bottles from their shelves. Other businesses in the UK, like German retailer REWE (toom Baumarkt), have also removed glyphosate-based products from their stores. French Environment and Energy Minister Ségolène Royal hasasked stores to stop selling Roundup. Sri Lanka’s newly elected president, Maithripala Sirisena, has announced import of Monsanto’s glyphosate, will no longer be allowed in the country.
Lt. General William Boykin (retired) told TruNews Radio Tuesday that the U.S. economy of the United States “is just about the break” and collapse. And when the dam gives way, severe food shortages and pervasive violence throughout America will warrant, in his opinion, an executive declaration of martial law.
inner cities is you will see riots, civil unres;t for the ;majority of Americans living in cities and adjacent suburbs, food shortages can emerge within 24 hours..
The world’s largest crude exporter Saudi Arabia plans to create a huge sovereign wealth fund for the country’s most prized assets to prepare for a post oil era, said Deputy Crown Prince Mohammed bin Salman. The Public Investment Fund (PIF) will eventually control more than $2 trillion and help the kingdom to shift from oil which has seen falling prices strain Saudi Arabia's finances.
Tens of thousands of impoverished, unemployed adults were cut off food stamps Friday, the first wave of a social catastrophe that could affect more than one million people this year. 22 states began terminating benefits for “Able-Bodied Adults Without Dependents, These adults, aged 18 to 49 years without children, are generally the poorest section of the working class, earning only 17 percent of the official poverty rate, an average of barely $150-170 per month in income, eligible for 90 days of food stamp benefits unless they have paid employment or job training for at least 80 hours in a month plunging hundreds of thousands overnight into hunger and destitution...
Coalinga,California city council voted 4-1 in favor of ordinance to allow commercial cannabis cultivation at the empty Claremont Custody Center;. also voted for ballot initiatives to let citizens decide if the town should host cannabis dispensaries, and if these operations should be taxed. .Adelanto,California a former prison town, turned to cannabis cultivation to save its economy,. revenue projections from cannabis facilities are more than their general fund, would provide 55 jobs in the first year of business.
British financial giant HSBC and American bailout kingpin Citibank processed transactions, managed money and vouched for Unaoil, a once-obscure firm that is now at the center of a massive international corruption scandal. Police raided Unaoil’s Monaco offices and interviewed its executives on Thursday, a day after The Huffington Post and Fairfax Media first exposed the company’s practices. Law enforcement agencies in at least four nations are involved in a wide-ranging probe of the company and its partners.
Nathan Athans said he planted the garden in his front yard because it gets optimal sunlight. His backyard only gets sunshine for about two hours per day, and only in certain areas;.given four days to tear out the entire garden or face a fine because it is in their front yard, and city officials and a few neighbors don’t like it. Athans isn’t the first to be subjected to harassment over growing his own food. People have been charged with crimes, threatened with jail time, and had their property destroyed for growing gardens in their own yards.
After an ongoing FBI investigation revealed incriminating information, Brad Harris, CEO of Novus Health Care Services, is being accused of ordering nurses to hasten the deaths of patients. Investigation began in 2014, when Novus was facing allegations of offering services to patients who did not apply for them. Novus was also accused of collecting funds for “unnecessary” services and procedures. During the investigation, Harris’ underlying scheme was discovered. Text messages the CEO sent to employees revealed he regularly instructed nurses to overdose patients with medication, often morphine, to hasten people’s deaths. “You need to make this patient go bye-bye,” read one text from the executive. FBI alleges Harris “instructed a nurse to administer overdoses to three patients and directed another employee to increase a patient’s medication to four-times the maximum allowed.” Both the nurse and the other employee refused to carry out the orders.
California plans to delay state-required warnings on metal cans lined with the chemical BPA, arguing too-specific warnings could scare stores and shoppers in poor neighborhoods away from some of the only fruits and vegetables available — canned ones, officials said Thursday. Instead, the state on May 11 will require stores to post general warnings at checkout counters about the dangers of BPA and note that some canned and bottled products being sold have liners with the toxic chemical..
American College of Physicians (ACP), a group of 143,000 internal medicine doctors, on Tuesday published a position paper calling on the government to do more to regulate the skyrocketing costs of pharmaceutical drugs. U.S. is one of the only economically advanced countries in the world that does not have any government regulation of drug prices. “In the United States we pay much more for prescription drugs than other countries.
Federal officials on Tuesday charged 13 current and former Detroit Public School (DPS) principals with engaging in a long-running kickback and bribery scheme. Along with the 13 principals, Norman Shy, owner of Allstate Sales and an approved DPS school supply vendor, was charged in U.S. District Court in Detroit in connection with the kickback scheme.also charged with federal income tax evasion. .All of the defendants face up to five years in prison, fines of up to $250,000.
Hollywood Presbyterian Medical Center (California) was unable to use the facility’s computers after hackers infected them with a kind of malware known as ransomware on February 5. The only way to get access to the computers was to pay the hackers $17,000 worth of Bitcoins, which hospital officials did.
"In times of world financial crisis, gold is preferred by central banks and ordinary citizens as a store of value when paper money loses value. .Gold serves as a "buffer" against external economic risks Accumulated paper debt of the dollar system is debasing the worth of paper dollars. Central Bank of Russia world's leading purchaser of gold, selling its holdings of US Treasury debt to buy the gold. Russia is simultaneously decreasing its foreign debt.
Col. Lawrence Wilkerson,served as chief of staff to former secretary of state, Colin Powell: “it is now private interests that benefit most from our use of military force; private security contractors, defense contractors, like Lockheed Martin.” “We are the death merchant of the world.” Hillary Clinton’s speech from 2011, during her tenure as Secretary of State, she stated, “It’s time for the United States to start thinking of Iraq as a business opportunity.”
The world’s largest crude exporter, Saudi Arabia has lost its leading position in nine of the 15 top markets in the past three years reports the Financial Times citing data from energy consultancy group FGE; lost ground in China, South Africa and the US between 2013 and 2015, despite the goal of maintaining its crude market share amid the oil glut. The country has also lost its market share in South Korea, Thailand, Taiwan and several western European countries.,
ConAgra and Kellogg’s will soon begin labeling their food products which contain Genetically Modified or Engineered Organisms in response to Vermont’s recently passed GMO labeling law, which goes into effect in July 2016. Kellogg North America President Paul Norman: company’s products would be labeled “Produced with Genetic Engineering” as soon as mid-April said the labels will appear nationwide “because a special label for Vermont would be costly for us. “We stand behind the health and safety of all of our products, including those with genetically modified ingredients,believe consumers should be informed what’s in their food.
Putin: The decision to create within the Almaz-Antey concern a new industrial plant in Nizhni Novgorod stemmed from the need for easing the work load on other defense-industrial complex enterprises, which are no longer capable of coping with the amount of export contracts, "Russian weapons owe their popularity to reliability and high effectiveness."
In an attempt to shift their focus in international trade away from the EU due to political tension, Israel is starting free trade negotiations with China; Beijing seeks investment capital and a greater presence in the Middle East. Beijing and Tel-Aviv intend to negotiate a free-trade deal that would boost economic performance on both sides.
The Central Bank of Russia bought 356,000 ounces of gold in February becoming the largest buyer of the precious metal among the world's central banks, business daily Vedomosti reports, quoting the IMF data. June 2015, the First Deputy Governor of the Central Bank Dmitry Tulin said the regulator intends to increase Russia's international reserves to $500 billion within three to five years.. People's Bank of China reported it had bought about 320,000 ounces of gold that month.
UN FAO (Food and Agriculture Organization):advantage of organic agriculture; work with natural processes, increase cost-effectiveness.. Organic farmers intensify production in a sustainable way; could produce enough food forcurrent world population with reduced environmental impact than conventional agriculture.without polluted environment, less diverse diets, degraded soils and nutrient deficient food, ill health; an unsustainable model of agriculture that creates food insecurity, environmental degradation, helps create jobs in rural areas..Crop yields increased.
investment spending has declined more than 10 percent last year, capital spending down by 21 percent in last two-and-a-half years. In Rio de Janeiro 1,200 small businesses have already closed thanks to rising costs and slowing sales. Unemployment is now at 16.5 percent and the real, Brazil’s currency, has lost a quarter of its value against the dollar just in the last 12 months.
A financial crime consultant claims Moscow is seriously considering economic sanctions against the UK over its alleged support of tax evading Russian nationals. Ken Rijock of World-Check: many affluent Russians are evading income tax. Russia intends to hold the UK responsible as the scheme involving British overseas territories, the British Virgin Islands (BVI) and the Cayman Islands.
November of last year, California state officials placed an indefinite hold on the commercial crab season, in order to protect public health. The reason given by the state was dangerously high levels of algal toxins in the bodies of the crabs According to New York radio station 95.1 FM (SuperStation 95), insiders from the California Fish and Game Commission have revealed that the real reason for the ban was dangerously high levels of radioactivity resulting from the 2011 Fukushima nuclear disaster. State officials were concerned they could cause immediate sickness in anyone who ate them.“If people started connecting the dots proving radiation in seafood was making them sick, it would destroy California’s seafood industry in days.”
Doubtful operations of clients started flowing from small credit institutions with revoked licenses to major banks as evidenced by growing number of banks’ notifications to the Federal Financial Monitoring Service, Deputy Director of the Service Galina Bobrysheva said on Friday."The shadow economy is migrating from banks with revoked licenses to major banks. The number of notifications increased from the year beginning and totals 3 mln. This is related to the fact that such clients were not earlier in our field of vision,".The number of bank notifications about suspicious operations of clients doubled year-on-year.
A report has exposed Israeli Prime Minister Benjamin Netanyahu’s shady relations with a French individual, .Arnaud Mimran. considered by French prosecutors the “brain” behind one of the biggest frauds in history. Mimran, along with his partners, is accused of stealing between 300 million to 1.6 billion euros in a fraud casereferred to in Europe as “the scam of the century.”Since the early 2000s, the Mimran family loaned Netanyahu, then Israel’s finance minister, a spacious apartment on Avenue Victor Hugo, in the heart of Paris. Mimran is free on a bail of 100,000 euros after spending 10 months in jail awaiting indictment on charges including extortion in a different case..Police probing his possible involvement in other cases, including mysterious murder of his ex-wife’s billionaire father Claude Dray. Mediapart journalist Fabrice Arfi published photograph of Mimran relaxing with Netanyahu on the French Riviera. Mimran suspected of many crimes, convicted of tax offenses in France. He was investigated on suspicion of insider trading in the United States, agreed to pay a fine of 1.2 million dollars.
Oleg Lyashko,ultranationalist Radical Party: Ukraine can deal with its problems if it follows the economic policies of Adolf Hitler and Franklin Roosevelt and obtains nuclear weapons, says the leader of the Radical Party, who is angling to be appointed the country’s prime minister.“No business can survive by export contracts only. We need large-scale construction of roads, houses, infrastructure,”. “We shouldn’t reinvent the bicycle. That was how Hitler and Roosevelt acted.”Germany’s economy was growing because of military contracts,”
Investors rushed into buy the dollar again after the Federal Reserve reiterated its intent to undertake two hikes in base borrowing costs this year, even though the markets are still betting on just one hike; demand for greenback is poised to grow, meaning the dollar rally might last several months, unless energy prices rebound significantly.
Russian Prime Minister Dmitry Medvedev:"Today, when the political situation determines the conditions for foreign businesses, we, of course, have a special focus and respect for investors, foreign companies who continue working in our country or come to invest," said Russia is ready to create comfortable conditions for foreign investors and to develop investment cooperation with foreign partners despite the challenging economic environment.
Russian Defense Ministry: There will be more evidence of Ankara’s implication in the looting of Syria as this country is liberated from terrorists. Turkey is involved in illegal trade in oil and petroleum products from Syria and Iraq as well in supplying gunmen with ammunition, weapons and manpower.
Moody's Investors Services said that the impact of the decline in global oil prices on regions in Russia has been cushioned by an accompanying decline in the value of the ruble versus the US dollar. Conservative fiscal policies of the Russian government have given it the gold and foreign currency reserves it needs to practice financial flexibility through the recent drop in oil prices.
Russian Foreign Minister Sergei Lavrov says the flow of oil smuggled by Daesh across the Syrian-Turkish border is continuing despite attacks on the terror group’s infrastructure, and the UN Security Council’s ban on the illegal trade. Security Council threatened sanctions on parties buying oil from the terrorist group.
An RT crew has been caught in clashes and tear gas in Paris during a protest against unpopular labor reforms, a live feed on Periscope shows. Thousands of people have taken to the streets across France to protest the legislation proposed by the government. Protesters in Paris shouting “Resistance!” 10 people njured, 45 arrested. The protests have swept the whole of France.
Palestinians have decided to ban goods made by five Israeli companies from entering the occupied West Bank after the Tel Aviv regime made a similar decision. "In response to the Israeli decision to ban the entry to Jerusalem (al-Quds) of products from five Palestinian companies, the government decided to ban the entry of products from five Israeli companies" to the West Bank, said a Tuesday statement issued after the weekly meeting of the Palestinian cabinet,. takes effect immediately.
Deputy National Security Advisor Ben Rhodes: concerns were the status of the US dollar in Cuba and the unfettered rights of American corporations. Removing penalty on dollar conversions is important,” US corporations moving into Cuba would have been compelled to “switch to euros or other currencies.”US corporations want to eliminate Castro government’s role as a labor contractor, creating a “free market” for exploitation of Cuban workers, consolidating dominance of capitalist employers.
US investor Jim Rogers is investing in ruble-denominated Russian sovereign bonds, RIA Novosti reported. Jim Rogers is the chairman of the investment firms Rogers Holdings and Beeland Interests, Inc, and co-founded the Quantum Group of private hedge funds with George Soros in 1973. Rogers said that he bought ruble bonds because they have a much higher yield than Eurobonds denominated in dollars or euros
Teri McCall, the widow of Jack McCall, is suing Monsanto for wrongful death. She claims that the company is responsible for exposing her husband to their flagship weed killer for years, all the while knowing that it caused cancer. This is similar to over legal moves against Monsanto over glyphosate damage.
Trump’s proposed cut would reduce top tax rate from 39.6 percent to 25 percent – creating a giant windfall for the wealthy (at a time when the wealthy have a larger portion of the nation’s wealth.The Cruz plan would abandon our century-old progressive income tax (whose rates increase as taxpayers’ incomes increase) tax the amount people spend in a year, exclude income from investments; would burden lower-income workers who spend almost everything they earn and have few if any investments.. Cruz proposes a 10 percent flat tax, lowers tax rates on the rich, increases taxes for lower-income workers. These plans would cut federal revenues by $12 trillion over the decade
Jobs that were once considered untouchable by robots, are about to disappear forever. By some estimates, nearly half of the jobs in the US may face automation over the next two decades; this week it was revealed that the first automated grocery store was opened in Sweden. computer technology, slow economic growth and a higher minimum wage: more motivation to automate.
The leading expert on food at the United Nations says sharp price fluctuations in the price of food has little to do with actual supply. Nowadays, rapacious out-of-control investment backs such as Goldman Sachs, Morgan Stanley and Barclays Capital now dominate food speculation through the commodities markets. They dwarf the amount traded by actual food producers and buyers needlessly tipping millions into hunger and poverty. Speculative investment in agricultural commodities five years ago was 20 times the amount spent by all countries on agricultural aid and Goldman Sachs, for instance, earned $600 million from it
The deadly attacks in Brussels have made investors turn away from European stocks and rush for gold and government bonds. Tuesday's biggest losers are airlines and hotels.
Law enforcement officers in the United States are increasingly buying professional liability insurance policies amid worries they may be sued for their on-duty actions. The insurance would help cover legal fees, but would not protect against criminal prosecution. Civil rights groups such as Black Lives Matter and the Obama administration have called for increased accountability for officers, including the use of body cameras and community oversight.
New Delhi:- The government has given an “in-principle” approval to sites for locating 46 new reactors comprising 23 twin unit projects in a phased manner, the Rajya Sabha was informed today.This is perhaps for the first time that the government has revealed “in-principle” approval to these many sites.The government has also given in-principle approval to reactors with foreign technical cooperation.
A report released by the state of Tennessee suggested 1.4 million people are at risk of losing their jobs to automation. Citing a study by the Center for Economic Research in Tennessee, the Knoxville News Sentinel reported automation could replace nearly 50 percent of the state's workforce. According to the report, automation would change the way the workplace is configured and would make new demands on educational facilities.
Donald Trump outlined an noninterventionist approach to world affairs Monday, questions the need for the North Atlantic Treaty Organization, which has formed the backbone of Western security policies since the Cold War; said he advocates an aggressive U.S. posture in the world with a light footprint. In spite of unrest abroad, especially in the Middle East, Trump said the United States must look inward and steer its resources toward rebuilding domestic infrastructure.
The Bundesbank has announced plans to repatriate some of Germany’s gold reserves from abroad. At least half of the country’s gold would be transferred to Frankfurt by 2020, according to Bundesbank President Jens Weidmann. The Bundesbank has been criticized at home for keeping a major part of Germany’s gold reserves abroad. Critics are demanding the complete return of the gold to the country as insurance if a crisis comes. Some even doubted the German gold is still physically there.
Thousands of people have taken to the streets in several cities in Ecuador to protest against labor reforms proposed by the government of President Rafael Correa and endorsed by the parliament which they say would increase unemployment in the country. The measure calls for reduced working hours (30 hours per week) instead of layoffs, and extra maternity or paternity leave.
American hedge funds have gone bearish on the ruble to the maximum in three years. In March, the Russian national currency has grown by 6.5 percent, a record high since last April. The number of ruble long positions has reached its peak, according to data from the US Commodity Futures Trading Commission. During this month, the ruble strengthened by 6.5 percent, a record high since last April.
Michigan Gov. Rick Snyder boasted in March that the lead-in-the-water crisis plaguing the city of Flint for months had actually spurred job growth. Though Snyder has been heavily criticized for tight-fisted budgeting that enabled the crisis, 81 temporary workers have been recently hired -- to hand out bottled water so that residents would not have to hydrate themselves with poisoned municipal water.
When Pfizer announced its plan last year to merge with Botox-maker Allergan and move its headquarters to Ireland the company said the deal would lower its tax rate to about 17 percent to 18 percent, saving it about $2 billion over three years. In addition to lowering its effective tax rate from about 25 percent, Americans for Tax Fairness notes that Pfizer will gain access to $148 billion in profits it earned overseas and currently can’t bring back to the United States without taking a tax hit. Bringing the cash would have cost the firm $35 billion, according to the advocacy group.
Silicon Valley startup called SmartCar signed up for Comcast Internet service. SmartCar founder and CEO Sahas Katta was moving the company into new office space in Mountain View. Comcast never fulfilled its promise to hook up the business, blaming the delay on construction and permitting problems. After hearing Comcast excuses for months, Katta told Comcast he wanted to “cancel” his nonexistent service and get a refund for a $2,100 deposit he had paid. Comcast told him he’d have to pay more than $60,000 to get out of his contract with the company.
In 2012, Connecticut fired the companies that were running Husky, as its Medicaid system is known, and returned to a more traditional “fee-for-service” arrangement where the state reimburses doctors and hospitals directly. States have turned to managed care as a way to control spending, particularly those that expanded Medicaid under the Affordable Care Act. Health plans say they can provide better, more-coordinated care and save states money.
AEROTAIN’s drone-blimp program is called Project Skye, and is comprised of helium-lifted units that the company itself describes as being “like an eye in the sky.” They add: Unique safety features enables it to fly over crowded places and closely approach people. The visibility leads to a friendly appearance and can be used to depict a product for advertising purposes and even take its shape. Scaleable payloads enable Skye to carry heavy cameras for live streams and aerial cinematography.
In the U.S., public-sector pensions have proven to be a huge problem for state budgets. Pennsylvania alone has $50 billion in unfunded pension liabilities. A significant percentage of school budgets across the country often go to huge pension funds.
The Central Bank of Russia has left its interest rates on hold at 11 percent, warning that inflation pressure in the country is still high and oil prices could be unstable. The Russian currency strengthened to 67.6 against the US dollar following the announcement.
. General Mills (GM), the same company that tried to impair genetically modified food-labeling by donating more than a million dollars to defeat legislation in several states, is about to label its products containing genetically modified ingredients. GM announced that it will label all their products if they contain genetically modified ingredients; says that it will label GM products due to a need to be cost-effective with Vermont’s new GMO labeling law going into effect this summer..”
Both official statistics and recent public opinion polls in Russia show a sharp fall in income levels and living standards. In 2015, for the first time in many years, Russian citizens spent more money than they earned. The difference between the population’s incomes and expenditures amounted to 420 billion rubles ($5.5 billion), the first deficit in 18 years. The last time the economy experienced something similar was in 1998, when Russia defaulted on its debt and its currency collapsed to one fourth of its previous level.
Brazil’s assets surged and the national currency, the real, recovered as criticism of the country’s President Dilma Rousseff sparked over new evidence of government corruption The stock trading volume was almost double the 2016 daily average and the real rose 3.1 percent to 3.6280 per dollar, Brazilian prosecutors filed corruption, money laundering and fraud charges against Lula earlier this month. On Thursday morning, the former president was sworn in as Rousseff's chief of staff at the presidential palace. The move triggered protests in Sao Paulo and the capital Brasilia. Opponents of Rousseff and Lula claimed that the appointment aims to shield Lula from prosecution for corruption.
Russian international reserves have risen to $381.1 billion. The Central Bank is continuing its policy to increasing international reserves rather than spending to prop up the ruble. The international reserves consist of foreign exchange, special drawing rights (SDR) holdings, the reserve position in the IMF and monetary gold.
January 15, Maduro declared an economic emergency in Venezuela. The announcement came two days after Venezuela’s oil price dropped to $24 a barrel, the lowest mark in 12 years. Up to 96 percent of Venezuela’s budget depends on oil revenues.
The Russian currency gained over four percent against the dollar on Thursday after the US Federal Reserve decided to keep interest rates unchanged and Brent crude climbed over $41 a barrel.
Russian banks targets of cyberattacks by sending malicious messages to electronic addresses of their employees. Cybercriminals posed as FinCert, a department of the Central Bank. The download of files allowed attackers to gain access to the information system of the banks. In late 2015 cyber police of Russia prevented cyberattacks that jeopardize security of country's banking system. Fraudsters managed to "compromise" international payment systems, Visa and MasterCard.
Sales of marijuana, estimated at $4.3 billion for this year in states that have legalized medical and recreational use. Industry’s overall contribution to the economy, encompassing revenues generated by cannabis-related companies, licensing fees and taxes, marijuana tourism, employee spending, job creation and impact on real estate prices in a community; emergence of a business that is about to become a massive economic force.
David Drumm, former chief executive of Irish Anglo Bank from 2005 until 2008, had been arrested in Boston in October 2015, and originally attempted to fight extradition has been extradited from the U.S. and brought before Dublin District Court to face several charges stemming from the bank’s role in the 2008 financial crisis. Drumm faces 33 charges in Ireland, denied wrongdoing, his charges include “fraud, forgery, misleading management reporting, unlawful lending, falsifying documents, and false accounting, linked to financial transactions prior to the collapse of Anglo.”
Thousands of Chinese coal miners protested last week in north-eastern province of Heilongjiang after provincial governor Lu Hao boasted to the National People’s Congress (NPC) in Beijing that wages at the huge state-owned Longmay Mining Group were being paid in full and on time. The unrest follows the announcement earlier this month by employment and welfare minister Yin Weimin 1.3 million coal miners, 500,000 steel workers will lose their jobs as government slashes overcapacity in in industry.
Judge Anne Hirsch awarded a summary judgment in a suit brought against the Grocery Manufacturer’s Association by Attorney General Bob Ferguson, finding the GMA guilty of a money laundering scheme that shielded members’ identities as they helped to defeat Washington’s 2013 GMO labeling ballot initiative, I-522, with their donations.
Nationwide protests against labor reforms has begun in France. The protests are coupled with a rail strike over a wage dispute, which has disrupted transportation.. The government has faced massive blowback to measures that would give employers more flexibility in hiring and firing employees. The government and business leaders argue the reforms will encourage companies to take on more workers on permanent contracts rather than temporary ones. Unions regard the law a threat to job security.
According to a report in the Guardian, in addition to a slew of previously reported problems — such as vulnerability to lightning strikes and zero tested capability to resist cyber attacks — the plane's radar system just occasionally stops working, forcing pilots to turn it off and reboot it before it will work again.
21st century Americans distracted by the hyper-expensive “war on terror.” Trillions of dollars have been added to taxpayers’ burden. In Europe entire countries are being foreclosed the financial system has become an exploiter of the people and a deadweight loss on economies. Possible solutions: break the large banks up into smaller, local entities such as existed prior to the concentration deregulation fostered; nationalize them and operate them in the interest of the general welfare of the population.
A couple of years ago, the Denver Police Department (DPD) was under fire for excessive force complaints. They wanted to change their image, so they began a massive public relations campaign, ramping up spending from $599 in 2011 to $136,783 in 2013.Investigation by Denver7 ABC found that the DPD has been using funds derived from civil asset forfeiture to pay for much of this propaganda campaign, may constitute a violation of policy, as those funds are only supposed to be used for equipment and training.
Chinese exports have seen their sharpest drop in almost seven years, adding to concerns over the health of the world's second largest economy. Exports dropped sharply by 25.4% from a year earlier, while imports fell 13.8%
Michigan taxpayers may pay up to $2.7 million in outside legal fees associated with the Flint water crisis if Governor Rick Snyder and Attorney General Bill Schuette receive all the money they’re seeking from state lawmakers.Snyder’s office requested $1.2 million for legal fees, according to an agenda summary submitted to the State Administrative Board’s Finance and Claims Committee. The money would go to two separate legal firms assisting the government with the situation in Flint.
Chinese Gold Reserves increased by 9.953 tonnes (320,000 ounces) in February.
Since starting monthly reporting in July 2015, China has added about 130 tonnes of gold to its reserves. Total reported Chinese gold reserves stand at 1,788.323 tonnes.
Italian banking stocks have declined a whopping 28 percent since the beginning of 2016. Italy has the 8th largest economy in the world, no way that Europe has the resources or the ability to handle a full meltdown of the Italian financial system.
While Turkish President Recep Tayyip Erdogan has championed his government's role in defending Turkish interests throughout the migration crisis and war in Syria, critics fear the president's strong-handed approach to domestic and foreign policy may be severely undermining the Turkish economy.
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