A state fund — 1Malaysia Development Berhad (1MDB) — was set up with Tim Leissner, the Singapore-based chairman of Goldman’s Southeast Asia operations, Goldman was paid sky-high commissions for bond sales. Then $681 million tied to the fund mysteriously turned up in the bank account of Malaysian Prime Minister Najib Razak. The FBI reportedly is investigating all the fund’s transactions in concert with wider probes of money-laundering allegations spanning five countries.
US Marshals Service in Houston is arresting people for not paying their outstanding federal student loans. Paul Aker says he was arrested at his home last week for a $1500 federal student loan he received in 1987. Congressman Gene Green says the federal government is now using private debt collectors to go after those who owe student loans.
A protest by French farmers is taking place in Paris. Large crowds have gathered to decry the low prices of agricultural produce. Prices are being driven down by the sanctions exchange with Russia, which has caused domestic produce to flood the French market.
Sen. Bernie Sanders: community of Flint is the "canary in the coal mine" in a country that has seemingly endless money to spend on wars in the Middle East, but cannot afford to protect its citizens or rebuild its aging infrastructure.
North Dakota and Minnesota have both started grant programs., ranging from $750 to $1000, help farmers to transition to organic crops. The money can be used for everything from soil testing to education on how to grow food in a sustainable way. . Farmers would ditch GMOs along with their toxic pesticides and herbicides. The aim is to boost acreage of organically-grown crops.
The network itself is fragmented, widely varying levels of security at each point. Vulnerable to nation-state attacks.The payments ecosystem is very complex,“ compared to a “spaghetti bowl.” 15 automated clearing house networks; four major credit card networks Federal Reserve, which clears and settles paper, electronic checks; large processors that process debit and credit card transactions. Banks have their own payment systems; and retailers that accept payments at point of sale terminals.
Demand for energy expected to increase by 34% between 2014 and 2035, 1.4% per year. The US will achieve oil self-sufficiency by 2030 and Russia will remain the world’s largest exporter of primary energy resources and second largest oil and gas producer, according to the 2016 edition of the BP Energy Outlook, published on Wednesday. despite current weakness in global energy markets and the slowdown in China’s growth, demand for energy will continue to grow over the next 20 years.
US increased its daily oil output from 10 to 14 million barrels, topping the world’s largest producers – Russia and Saudi Arabia; global market experienced additional four millions barrels a day. Oil output increase in Iraq. Sanctions lifted against Iran. Brazil significantly increased its oil output, Warming winter in the northern hemisphere; demand for heating fuel in the US, Europe and Japan significantly dropped.
Russian firms that have a controlling stake outside the country can no longer apply for state support;, new law signed by President Putin on Monday. prohibits government subsidies to purchase foreign currency except for buying high-tech equipment, raw materials or components;. if an offshore company promotes export of Russian products, it can still get government aid.
British government's move to outlaw boycotts, including those aimed at Israel, is being likened by critics to former Prime Minster Margaret Thatcher's support for apartheid South Africa. Under the new plan, publicly-funded institutions that refuse to purchase goods and services from "unethical" companies will face "severe penalties,"
Head of the German party UNITY (EINHEIT) Dimitri Rempel said on Monday.“Germany has lost over a million jobs due to the sanctions imposed against the Russian Federation. A great number of companies have gone bankrupt, gone out of business or had to move out resulting in the loss of many jobs and financial losses too,”
As global stocks enter a bear market, gold is on the verge of bull status.Bullion has climbed 18 percent this year, making it the best-performing commodity.. Stock volatility and growth concerns will boost the appeal; people are flooding to safe-haven assets.
Opponents of Canada’s $15-billion arms deal with Saudi Arabia are taking Ottawa to court in an attempt to block shipments of the combat vehicles, a move that could force the governing Liberals to explain how they justify the sale to a human-rights pariah under weapon-export restrictions.
After seven years of benefiting from the greatest transfer of wealth in history, the U.S. banking industry topped it off with record profits in 2015. The U.S. banking industry earned net income of $163.63 billion in 2015, the highest net income of any year in the SNL bank regulatory database, which dates back to 1991, in stark contrast to the plight of the middle class, whose wages have stagnated while health insurance costs reach crippling proportions. Wealth inequality in the U.S. has greatly expanded–a trend that defines countries with Quantitative Easing (QE) programs.
Swiss banking giant Credit Suisse said Thursday that it would eliminate about 4,000 jobs as it attempts to cut costs following a huge quarterly loss. Credit Suisse posted a net loss for the fourth quarter of 5.3 billion Swiss francs ($5.3 billion), compared to a net profit 691 million francs a year earlier. Tidjane Thiam, the bank’s CEO, said the job cuts would save the firm about 1.2 billion francs per year.Poor performance was linked to a number of different factors including sharply falling oil prices, diverging monetary policies by global central banks, a strong Swiss franc and slowing economic growth in China.
The German treasury has predicted "substantial sustainability risks" to the country amid reports that the Eurozone is set for further bailouts because of fears over another sovereign debt crash. Despite Germany's Federal Finance Minister Wolfgang Schauble running a 2015 surplus of US$13.5 billion, experts in his department are predicting "substantial sustainability risks" to Germany's long-term debt-to-GDP ratio because of an aging population.
The head of Russia’s Investigative Committee, Aleksandr Bastrykin, has called for the creation of an international coalition of states to fight the “dictatorship” imposed by the US on the rest of the world, and to reject US dollar as a reserve currency, said an alliance of countries was needed which could act in concert. United States and its allies were waging a “hybrid war” against Russia which included price dumping on energy markets together with “currency wars.”
Global stock markets formally entered a bear market Wednesday after further losses in Asia, European markets closed down reflected crisis of confidence in financial markets, amid a rapid deceleration of the global economy, a sell-off in emerging market debt, a downward spiral in commodities prices, and the seeming perplexity of central banks as to how to deal with a renewed outbreak of panic eight years after the 2008 financial crisis.
(Kitco) A spooked world marketplace has prompted keen safe-haven demand for gold that has sent the precious metal to a 12-month high above $1,240.00 an ounce in early U.S. trading Thursday. April Comex gold was last up $44.50 at $1,239.00 an ounce. March Comex silver was last up $0.343 at $15.62 an ounce. There is keen worldwide investor and trader risk aversion as most world stock markets absorbed sharp losses overnight.
The Feds want to close down the automotive aftermarket parts business. NHTSA/EPA introduced proposal that would prohibit any changes to an automobile's engine or exhaust after it leaves the factory forcing car owners to use 'original equipment manufacturer' (OEM) parts and not aftermarket parts. The aftermarket community is a multi-billion dollar market.."'Major auto companies have turned to the International Trade Commission to sanction a novel use of design patents on individual repair parts to shut out aftermarket competition even if they are used solely for competition or become nonroad vehicles or engines,"
A tariff dispute between China and the US could drive a wedge between the nations, triggering a high-stakes trade war..The Norwegian company REC Silicon, one of the world's largest polysilicon producers, stated on Monday that it was temporarily closing its operations in Moses Lake, Washington due to the ongoing conflict between the US and China over solar panels. For the state, which is largely dependent on trade exports to Beijing, the announcement has come as an unwelcome surprise.
General Motors went to Gov. Snyder him and complained the Flint River water was causing their car parts to corrode when being washed on the assembly line so he spent $440,000 to hook GM back up to the Lake Huron water, while keeping the rest of Flint on the Flint River lead-filled water.
Washington fixer Kenneth Feinberg held the final public hearings before the implementation of plans to slash the pension benefits of 270,000 retired truck drivers, package handlers and other beneficiaries of the Teamsters Central States Pension Fund by between half and 75 percent.
Starting February 15, corn and soybeans from the US will no longer be welcome in Russia, announced the country's food and safety watchdog on Wednesday,. failed to meet Russian biological standards. The US exported 300,000 tons of soybeans to Russia from January to October last year.
JPM Quant is now saying the market is going to fall further and the Tech bubble has just popped. Russia will become the biggest exporter of wheat. Venezuela now selling the rest of its gold. Germany and France want an Eur zone finance ministry to take more control of the countries. Iran says it will not use the dollar for oil trade. The number of US citizens renouncing their citizenship surges. Obama asks congress for 1.8 billion to fight the Zika virus
Precious metals banked another solid week of gains as investors looked for alternatives to the stock market and U.S. dollar. Fear looks likely to persist and may accelerate; precious metals have been big beneficiaries as investors look for safe havens.
Russia’s restrictions imposed against Turkey in response for hostile actions may cause losses for the country’s economy exceeding $11 bln in 2016, Russia’s ambassador to Ankara Andrey Karlov told TASS, adding that tourism and agricultural sectors are likely to be hardest hit.
During a meeting with President of the European Council Donald Tusk and European Commission Chairman Jean-Claude Juncker, Turkish president Recep Tayyip Erdogan demanded from Brussels €30 billion to resolve the European migrant crisis a leaked document revealed, said Turkey would put refugees on buses to Europe.
Deutsche Bank. stock price down 36 percent since 2016 began, banks in Europe in trouble includes Commerzbank, Credit Suisse, HSBC and BNP Paribas. Greek bank stocks lost close to a quarter of their value Monday.
The global economy seems trapped in a “death spiral” that could lead to further weakness in oil prices, recession and a serious equity bear market, Citi strategists have warned. Some analysts — including those at Citi — have turned bearish on the world economy this year, following an equity rout in January and weaker economic data out of China and the U.S.
Monsanto Co (MON.N) will pay $80 million to settle civil accounting violations after it allegedly misstated its earnings in connection with its top-selling Roundup product, U.S. securities regulators said on Tuesday. The Securities and Exchange Commission also said that three accounting and sales executives have also agreed to settle charges in connection with the case.
Despite the economic slowdown, the sale of luxury goods in Russia is going well. The number of Chinese tourists in Russia increased one third in 2015, with many of them buying up Russia's luxury goods like never before. Over the past year the yuan exchange rate against the ruble has almost doubled. Very high tax on luxury goods in China, prices almost 70% higher than in Europe..
French Prime Minister Manuel Valls will meet his Russian counterpart Dmitry Medvedev on Saturday to discuss the prospects of lifting the ban on French food imports, says Agriculture Minister Stephane Le Foll. The former prime minister of France Francois Fillon described anti-Russian sanctions as a mistake, called for their removal as soon as possible. .2014, France accounted for 20 percent of EU’s crop output, 15.5 percent of livestock.
The Obama administration is pushing ahead with its plans to slash pension benefits for up to one million participants in “underfunded” multiemployer pension funds as part of its drive to make defined-benefit pensions a thing of the past for all US workers.
Signs of distress in financial markets accumulated amid deepening concern over the health of the global economy, with U.S. stocks sliding to a 22-month low as the cost of protecting against default by junk-rated companies soared to the highest level since 2012. Mining and banking stocks drove the Standard & Poor’s 500 Index to its lowest close since April 2014, even as energy producers erased losses
President Nicolas Maduro called the owner of Venezuela’s largest privately-held company a “thief” and a “traitor” Thursday, blaming him for the country’s economic woes;. accused Lorenzo Mendoza, head of food giant Empresas Polar SA, of conspiring against his socialist government and meeting with his political opponents outside Venezuela’s borders. Polar’s billionaire owner this week has criticized the government’s stewardship of the economy and called on the Maduro administration to provide private businesses with much-needed foreign currency for imports.
Stated plan to route the Silk Road rail infrastructure to assist the mining of new gold for currency backing of the Eurasian member states, including now Iran with its significant own unexploited gold.,
Police in Peru have fired tear gas at demonstrators protesting against the Trans-Pacific Partnership (TTP), a controversial US-led free trade pact signed by 12 countries. Demonstrations were held in the capital Lima on Friday, with the protesters saying the pact threatens healthcare by potentially increasing the prices of medical drugs.
Since 2008, the number of Americans renouncing their citizenship has increased 18 fold, making 2015 the third record-breaking year in a row.. U.S. taxes its citizens on all income, no matter where it’s earned or where they live. For Americans living abroad, that results in a mountain of paperwork so complex that they are often forced to seek professional help, forking out high fees for accountants and lawyers.
Russian fighter jets are taking on a large niche in the markets of many countries of the world. Egypt is set to buy around 50 MiG-29M / M2 which is a twin-engine jet fighter; delivery of the fighter jets to China will further improve its position in foreign markets. It is expected that the next buyer of the Russian Su-35 may be Indonesia.
Wheat exports from Russia are expected to set a new record this year, outpacing the biggest wheat exporters Canada and the US, reports the Wall Street Journal, citing the US Department of Agriculture.. Record harvests, a strong dollar and cheap oil are the factors which could shake up the multibillion-dollar global wheat market.
Governor Christie signed a controversial bill Thursday that will make it easier for towns to sell their aging drinking water systems to for-profit companies by eliminating a public vote on such sales.
The extension of the anti-Russian sanctions was a mistake, Horst Seehofer, the prime minister of the German federal land of Bavaria, said on Thursday. "We need to take into account the current situation, we cannot lift the sanctions immediately," he told reporters. "We should seek the cancellation of sanctions by political means.""We should continue dialogue,""Many problems, including the conflicts in Syria and Ukraine, cannot be resolved without Russia."
China’s purchase of 24 new Russian Su-35 aircraft is essential for Beijing. The Chinese Air Force will not only get new jets that could affect the balance of power in the Taiwan Strait, but may also allow the Chinese military to assess the progress and development of J-11.. The purchase of 24 in the amount of about $2 billion is the second largest transaction between the Russian and Chinese militaries.
Germany's wealthiest federal state is interested in strengthening economic ties with Russia, according to Bavarian Prime Minister Horst Seehofer at a meeting with President Putin in Moscow on Wednesday. Seehofer said his visit concentrated primarily on improving the economic interests of local businesses in his state. The Bavarian leader stressed that it was his duty to represent interests of the region, as 20 percent of Russian-German trade is with Bavaria..
In accordance with the perverse logic that governs the stock market, where bad news for the real economy is regarded as good news for financial speculation, Wall Street’s Dow Jones index fell by more than 200 points on Friday on the back of the US jobs report showed job growth of 151,000.
Maryland is the only state in the country that taxes the amount of rain that falls. HB 987 or the Stormwater Management-Watershed and Restoration Program, the “rain tax” – passed by the state legislature and signed into law on May 2, 2012 – was in response to a 2010 Environmental Protection Agency (EPA) mandate aimed towards reducing the pollution levels in the Chesapeake Bay. This tax is an annual fee on impervious surfaces such as roofs, driveways, sidewalks, garages, any other surface that could create drainage problems and water contamination situated on property owned by an individual or a business
The Russian government is thinking of adding palm oil, soda and potato chips to the list of excisable goods: part of a plan to get Russians eating a healthier diet as well as boost tax revenues, supported by the Russian Ministry of Agriculture.The list could also include any goods with an excessive fat or sugar content. "Such measures are recommended by the World Health Organization (WHO) as one of the ways to fight against overconsumption of sugar and diseases linked to it.
Prime Minister Dmitry Medvedev: Russia should take advantage of low oil prices to change the structure of its economy, policy of import substitution means that it is necessary to make products and goods that would compete on the international markets.
Greece closed down for a day, the people are striking because the country is collapsing and the new government lied to them. Initial jobless claims are now trending up. Challenger Gray have now reported that layoffs have increased by 218%. US factory orders collapse, signalling a complete collapse of the economy. Truck orders collapse by 48%.. TPP protests continue around the world
US Defense Department warned F-35 fighter jet plagued by problems that will complicate the most expensive weapons project in history. The warplanes will form the backbone of us military's future fighter fleet. Engineers uncovered numerous technical problems: software bugs, technical glitches, cost overruns, significant limitations for the F-35 in combat. Building the fighter jet before testing was finished caused difficulties, repeated repairs, redesign work, raising costs.
The initial response of economic “conventional wisdom” to the slide in oil prices over the past 20 months—down from $110 per barrel in June 2014 to levels approaching $30—was that, whatever the impact on oil-exporting countries, it would aid the global economy because it would lift consumption and other spending. It has become increasingly clear that, far from providing a boost to the world economy, the precipitous drop in the oil price, together with other major industrial commodities, is symptomatic of deep recessionary trends.
An international team of hackers, who were exposed in November by Russian special police services, managed to infiltrate the world’s biggest payment systems including VISA and MasterCard, a spokesman for the Russian Ministry of Internal Affairs said Thursday.
A federal judge ruled last week that the Hong Kong and Shanghai Banking Corporation (HSBC) will be forced to share a report on its business practices with the public — a decision both the bank and the Department of Justice (DOJ) fought in court to prevent. The report is based on the findings of an ongoing government audit of the bank initiated amid revelations in 2012, that it laundered money for drug cartels and terrorist organizations.
General Motors announced yesterday that it made a record $11 billion in pre-tax profits in 2015. The Detroit-based auto giant, the third largest auto company in the world, made $6.3 billion in profits in the fourth quarter alone, beating Wall Street expectations. GM made the bulk of its income from its North American manufacturing operations, where the corporation’s decades long cost cutting campaign, carried out with the full backing of the United Auto Workers, was accelerated during and after the 2009 restructuring of the company by the Obama administration.
President Eisenhower was issuing warnings about our own military-industrial complex; regardless of the protestations of high-ranking military officers, no cost-overrun, no matter how egregious, went unpaid. The Cold War was a profitable business that served many, that is why it lasted so long. When the Soviet Union collapsed in 1991, the “Soviet threat” was replaced with the “Muslim threat,” “War on Terror” took over from the Cold War. The charge, “conspiracy theory,” is used to prevent investigation. False flag attacks are used by governments in order to pursue secret agendas that they cannot publicly acknowledge.
US Senate Foreign Relations Committee is pushing for fresh sanctions against Iran over what senators described as Tehran’s aggressive non-nuclear activities. Senator Bob Corker, the committee’s Republican chairman working to introduce a new package of Iran-related bills to address everything from the Islamic Republic’s recent ballistic missile tests to its alleged human rights violations.
Presenting a preview of the Pentagon’s $583 billion budget, US Defense Secretary Ashton Carter stressed that the US military is shifting its focus toward war against both Russia and China even as it escalates ongoing interventions in the Middle East.
Just days after a Bernie Sanders campaign ad singled out Goldman Sachs as "one of the Wall Street banks that triggered the financial meltdown," the head of the global investment banking firm said such criticism is "dangerous."
The German government is considering imposing a limit of 5,000 euros ($5,480) on cash payments in order to better track the financing of international terrorism, Frankfurter Allgemeine Zeitung (FAZ) reported on Tuesday.
China announced it had arrested 21 people over a $7.6 billion P2P fraud Ezubao. 900,000 people were defrauded, making the fiasco the biggest ponzi scheme in history by number of victims. Ezubao’s model was simple: they pitched the “business” as a P2P lending company through which investors could fund a variety of projects. 95% of the projects didn’t exist. Ezubao just made them up and used the new money to repay existing investors who were promised annual returns of between 9% and 15%.
A Japanese company is to open the world’s first “robot farm.”,Spread, a vegetable producer, said industrial robots would carry out all but one of the tasks needed to grow the tens of thousands of lettuces it produces each day at its vast indoor farm in Kameoka, Kyoto prefecture.The robots will do everything from re-planting young seedlings to watering, trimming and harvesting crops, will boost production from 21,000 lettuces a day to 50,000 a day,
A Center on Budget and Policy Priorities (CBPP) report last month predicted 500,000 to 1 million people would be cut off of SNAP benefits in 2016 due to the return in many areas of a three-month limit on benefits for unem
Colombian President Juan Manuel Santos will visit Washington this week to update President Barack Obama on peace negotiations just weeks before Santos is supposed to sign an agreement with the Revolutionary Armed Forces of Colombia (FARC), the leftist guerrilla group that has waged a five-decade-long war against the Colombian government. Colombia currently receives $300 million a year in U.S. aid to combat the drug trade and reduce poverty. Santos is expected to ask Obama and Congress to ramp that spending to around $500 million a year.
Major retailers in the United States are shutting down hundreds of stores, shoppers reporting bare shelves in many retail locations all over the country. Internet retailers capture more of the market, brick and mortar retailers cutting their losses. In impoverished urban centers entire malls completely abandoned. Estimated billion square feet of retail space sitting empty.
Tech company Chaotic Moon dual-purpose tattoo is comprised of electro conductive ink embedded with sensors and microchips. With the tech tattoo you can carry all your information on your skin and when you want your credit card information or your ID, you can pull that up automatically through the system,” and it monitors everything that they would do in a physical and it sends that to your doctor, and if there’s an issue they can call you;” Tech tattoos can tie in everything into one package; uptick in new biometric security measures being rolled out for policing, travel and banking.
400 hotels for sale in the tourist capital Antalya, Turkey facing shortfall of 4.5 million Russian tourists this year, tourism industry to miss out on $4.5 billion in lost revenues. European tourists, mainly from Germany, have changed their preferences to Greek resorts. Relations between Ankara and Moscow deteriorated after Turkey downed a Russian Su-24 jet deployed in an anti-terrorist operation in Syria
Eighty Swiss banks have agreed to pay the US fines totaling $1.36 billion in order to avoid court prosecution, according to the US Justice Department..
Swiss residents are to vote on a countrywide referendum about a radical plan to pay every single adult a guaranteed income of around $2500 per month could make the country the first in the world to pay all of its citizens a monthly basic income regardless if they work or not.
The Russian currency has gained more than 10 percent in a week, as oil prices are on the rise amid speculation of possible production cuts from the world's two largest exporters – Russia and Saudi Arabia. However, both sides have denied the claim.
Japan’s central bank has made a shock decision to adopt negative interest rates, in an attempt to protect the flagging economy from market volatility and fears over the global economy. In a 5-4 vote, the bank’s board imposed a 0.1% fee on deposits left with the Bank of Japan (BoJ) – in effect a negative interest rate.
For the first time the four emerging market economies Brazil, Russia, India and China have entered the International Monetary Fund's top 10 biggest members. The IMF’s 2010 quota and governance reforms have finally come into force. China will have the third largest IMF quota and voting share after the United States with 16.74 percent and Japan with 6.23 percent. Russia's Deputy Finance Minister and BRICS Bank Russia director Sergey Storchak; Moscow will work to get the veto right for the five major emerging economies.
Canada says it will move to quickly normalize relations with Iran and lift the sanctions it has imposed against Tehran in order not to miss the business opportunities that have arisen following the recent implementation of Tehran’s landmark nuclear agreement with six world powers.
21,200 oz was transferred from Brinks Registered Inventories, 84,881 transferred from HSBC and 95,269 from Scotia Mocatta. There are only 73,980 oz of Registered Gold remaining in the Comex inventories: This is the lowest level of Registered Gold inventories on the Comex for more than 20 years.
Rep. Tilman Goins (R-Morristown) introduced House Bill 2428 (HB2428) on Jan. 21. Sen. Mae Beavers sponsors the companion bill in the Senate (SB2272). The legislation would reform Tennessee law by requiring a criminal conviction before prosecutors could proceed with asset forfeiture. Under current law, the state can seize assets even if a person is never found guilty of a crime, or even arrested. The bills would also require funds procured through asset forfeiture to be deposited into the state general fun instead of going to law enforcement agencies. This provision curbs the policing for profit motive inherent in the current law.
"Saudi Arabia has engaged in war crimes, and the United States is aiding and abetting them by providing the Saudis with military assistance; United Nations panel concluded in October that the coalition was responsible for “grave violations” of civilians’ human rights, including indiscriminate bombings, targeting civilian sites, and intentionally preventing delivery of humanitarian aid..
U.S. businesses will have more freedom to sell products and services directly to the Cuban government under a new set of regulations the U.S. government unveiled Tuesday,. made it easier for U.S. companies to sell items directly to Cuban entrepreneurs.
Iran and Italy have signed multi-billion dollar contracts covering various sectors including health, transportation, agriculture and energy. Reuters reported that a pipeline contract worth between 3.6-4.6 billion euros (USD 4-5 billion) for Italian oil services group Saipem was among the deals. The company’s shares surged 18.5 percent on Monday. Italian steel firm Danieli said it would sign commercial agreements worth up to 5.7 billion euros (USD 6.1 billion) with Iran.
The biggest bank in Norway is calling for the complete and total elimination of cash. Many local bank branches in Norway already don’t deal in cash, selling this as a way to crack down on criminals and money launderers. want to be able to force everyone in society to use the banks enable them to collect fees on almost every transaction. also happening in Sweden, Denmark; other nations all around the globe.
China will cut crude steel production capacity by 100-150 million tonnes and reduce the size of the coal industry to fight a capacity glut, the government said on Sunday..
The basics of functioning of the Russian economy makes it possible to express moderate optimism about its future, President Vladimir Putin said at an interregional forum on Monday. "The fundamental, basic indicators of functioning of the economy enable us to show moderate optimism," Putin said. According to him, the budget deficit in Russia turned to be "less than it was expected" and the trade balance surplus remains and there are big reserves related to the small public debt.
An “investigative summary” posted this month by the Justice Department’s inspector general criticizes the Drug Enforcement Administration (DEA) for hiring a federal airport security screener to help find seizable cash in passengers’ luggage. Under the arrangement, the DEA designated the screener a “confidential source” and promised him a cut of any money he found while rummaging through people’s bags; anyone carrying a significant amount of cash is a criminal
Ecuador planning to auction off three million of the country’s 8.1 million hectares of pristine Amazonian rainforest to Chinese oil companies as oil pollution forced neighbouring Peru to declare an environmental state of emergency in its northern Amazon rainforest. Ecuador owed China more than $7 billion; more than a tenth of its GDP. China began loaning Ecuador billions of dollars in exchange for oil, helped fund two of the country’s biggest hydroelectric infrastructure projects.
France, Germany, and Spain filed a suit against Monsanto last year because the company tried to patent a non-GM tomato that was resistant to a common fungal disease (EP1812575). Now, the European Patent Office (EPO) is revoking another patent Monsanto has held on non-GM melons.
A Jewish health care charity accused of Medicaid fraud has agreed to repay $47 million to the U.S. and New York state governments. CenterLight Healthcare, formerly called Beth Abraham Family of Health Services, admitted in a settlement to having over 1,000 ineligible members in its Medicaid-sponsored long-term care plan.
"Give a small number of people the power to enrich themselves beyond everyone's wildest dreams, a philosophical rationale to explain all the damage they're causing, and they will not stop until they've run the world economy off a cliff.""Wall Street is not being made a scapegoat for this crisis: they really did this."It has become a machine for transferring income, wealth, ownership, and power to the top..
Russia’s Security Council Secretary Nikolai Patrushev has chaired a meeting on import substitution in the defence industry and aircraft engine building held in St Petersburg. "The meeting focused on prospects for national sovereignty in the manufacturing of current and perspective aircraft along with issues related to an unhindered operation of state-run aviation in the Russian Federation," the Security Council’s press service said.
Hundreds of tractors could be seen by drone-camera, as they gathered at the Greek side of the Greek-Bulgarian border, near the town of Serres, Friday., …
The city’s government continues to charge people for the poison water, threatening to foreclose their home or take their children if they refuse to pay. Michigan law states parents are neglectful if they do not have running water in their home, and if they chose not to pay for water they can’t drink anyway, then they could be guilty of child endangerment. Flint residents have recently filed two class action lawsuits calling for all water bills since April of 2014 to be considered null and void because of the fact that the water was poisonous.“Essentially, residents have been getting billed for water they cannot use. Estimates it could take 15 years, $60 million to fix the problem, Despite the fact that the issue is obviously the government’s responsibility, they have made it illegal for people to sell their homes because they are known to carry contaminated water. Residents left to purchase bottled water on their own, in addition to paying their water bill.
France is going to assist in lifting sanctions imposed by the West on Russia by summer this year, Emmanuel Macron, France’s Minister of Economy, Industry and Digital Affairs, has announced. French economy minister is now in Moscow heading a French delegation attending a session of the French-Russian council on economy, finance, commerce and trade matters, which will take place on Monday, for the first time since 2013. The French embassy in Russia has said that the realization of a number of joint projects in energy, space, transport and other spheres is still to be discussed.
Russian President Vladimir Putin has urged the West to stop increasing the worthless money supply, saying that increasing the volume of money in circulation is “very dangerous. “Increasing the money supply infinitely and uncontrollably is very dangerous. This may lead to the effects that are not visible at first, but they will surely come if we act carelessly; regulatory authorities should promote conditions for normal business activities, instead of collecting fines..
According to the head of Russia's Central Bank, oil exports as a share of Russia’s total goods exports have went down to 48 percent in December last year with the country's economy slowly shedding it's dependence on oil prices. The dependence of the Russian economy and the national currency's exchange rate on oil prices is gradually decreasing, however, there is a need to further diversify the country’s economy to continue this trend, the Russian Central Bank head said Friday.
MSCI All-Country World Index has fallen a total of more than 20 percent from the peak of the market. So that means that roughly one-fifth of all the stock market wealth in the entire world has already been wiped out. This new round of chaos began last night in Asia. Japanese stocks were down more than 600 points and Hong Kong was down more than 700 points. The nightmare continued to roll on when Europe opened, and European stocks ended up down about 3.2 percent when the markets over there finally closed. In the U.S., the Dow had fallen 566 points, but a curious rebound resulted in a loss of only 249 points for the day.
Amid a crippling six-month-long state budget impasse and plans to lay off several thousand Chicago teachers, Illinois Republican leaders Christine Radogno and Jim Durkin announced plans Wednesday to introduce legislation that would permit Chicago and its school district to file for bankruptcy. The bills are backed by Republican governor of Illinois and hedge fund billionaire Bruce Rauner.
Asylum seekers in Bavaria must first transfer their assets to the regional government before they can become eligible for state support, Bavarian Interior Minister Joachim Herrmann confirmed in an interview published Thursday. According to the minister, the Bavarian authorities are entitled to seize any cash and property belonging to migrants in excess of 750 euros (some $820)..
New law coming this April, one that will see any non-European Union citizens in the U.K. earning less than £35,000 ($49,960) a year deported after five years in the country. The law comes as part of a new package intended to slash migration levels in the U.K., and will also see the country become a lot harder to get into professionally
The collapse of the Russian ruble against the US dollar continued for a second day on Thursday. The currency fell below 85 rubles, setting a new all-time low against the greenback. Wednesday's plunge took the ruble below the Black Tuesday currency crash of 16 December 2014, when it fell to 80 rubles against the dollar and 100 against the euro.
In addition to preventing Libya from breaking away from French monetary domination, Sarkozy wanted to “gain a greater share of Libya oil production,” increase French influence in North Africa and dash Gaddafi’s “long term plans to supplant France as the dominant power in Francophone Africa.”
As Monsanto continues to lose favor worldwide, resulting in plummeting profits, the organic food industry continues to expand. Growing awareness of their health benefits, combined with increased availability, has given a boost to the sales of organic foods, which are grown without the use of chemical pesticides or fertilizers.
Our reality is carefully constructed by powerful corporate, political and special interest sources in order to covertly sway public opinion. Blatant lies are often televised regarding terrorism, food, war, health, etc. They are fashioned to sway public opinion and condition viewers to accept what have become destructive societal norms; manipulating and controlling public opinion with distorted media messages has become so common that there is a whole industry formed around this.
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