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.
Canada has used up all of its gold reserves. For the first time since 1935 the country is out of gold. The volume of gold reserves in Canada has declined steadily over the past 50 years. In the mid-1960s, Canada’s gold reserves exceeded 1,000 tons. By 1985, half had been sold. In 2015, the reserves were down to three tons and now the country has no gold left.
Homeless man racked up over $110,000 in tickets. The man had over 500 tickets, which amounted to over $110,000 in fines. The fines were mostly for things that homeless people can’t control, such as sleeping in the subway.
German newspaper Der Spiegel reported yesterday that the Bavarian Banking Association has recommended that its member banks start stockpiling PHYSICAL CASH.
Turkey has offered to take back unregistered migrants from Greece while sending the same number genuine Syrian refugees to the EU. In return, Ankara wants double the promised EU funding, visa-free travel, and faster progress towards EU membership.
Iranian billionaire Babak Zanjani, who was facing charges of economic corruption among others, has been given a death sentence;. charged with massive fraud at Iran’s Ministry of Petroleum, Social Security Organization and Bank Maskan (specializing in housing finance), money laundering and forgery.
New UK government figures reveal a dramatic increase in the number of people sleeping rough in Britain, with the figure rising by almost a third in one year and doubling over five.
Last year, Baron David de Rothschild was indicted by the French government after he was accused of fraud in a scheme that allegedly embezzled large sums of money from British pensioners. French government announced it launched an investigation into Swiss branch of the Rothschild’s banking empire. Paris-based liaison judge Javier Gómez Bermudez ruled that Rothschild must face a trial for his crimes, ordered local police to seek him out.
President of the Czech Republic Milos Zeman: Greece could pay off its international debt by hosting deportation centers; believes Athens could cash in on helping to deport migrants from Europe."Detention centers would be built on Greek islands where migrants from Europe would be deported, Greece would, by maintaining these detention centers, pay its otherwise uncollectible foreign debt."
Cuts to pensions ofemployees of federally-owned Tennessee Valley Authority (TVA), largest public utility company in the US marks a new stage in the drive by the ruling class, to take back all of the social gains won by the working class over the course of a century of struggle. TVA cuts will breach the “firewall” that up to now protected federal employee pensions, marking first time the federal government makes significant moves against defined benefit obligations. The underfunding of the pension plan by $6 billion used to justify the cuts.
Official figures released by the Brazilian government on Thursday showed that the country’s economy in 2015 suffered the deepest contraction in 25 years.
Despite facing sanctions, falling oil prices and recession, the Russian ruble is the most undervalued currency in developing Europe according to Deutsche Bank.
Putin said Energy Minister Aleksandr Novak is in constant talks with foreign oil exporters and has agreed with them that Russia will not increase oil exports.
The Oregon House overwhelmingly passed House Bill 4094 that protects Oregon banks who provide financial services to state-regulated marijuana businesses,.now moves onto Governor Kate Brown, who is expected to sign the bill, making Oregon the first state to remove all criminal penalties for banks and credit unions that work with cannabis businesses operating within state law.
Chinese officials announced plans to lay off roughly 1.8 million workers in the coal and steel industries, as part of president Xi Jinping’s politically difficult effort to restructure the world’s second-largest economy. It’s unclear as to the time frame for the cuts, which were announced by Yin Weimin, China’s minister for human resources and social security.
Citigroup once again faces government fines for committing fraud in its credit card division. February 23, the Consumer Financial Protection Bureau (CFPB) fined Citigroup and its consumer division Citibank for the way it handles selling credit card debt; ordered Citigroup to pay $8 million — $5 million in restitution and $3 million in fines — for “selling credit card debt with inflated interest rates and for failing to forward consumer payments promptly to debt buyers.”
The parents of a baby injured by a flash-bang grenade during a no-knock multi-agency task force raid in Georgia, will be awarded $3.6 million after a federal judge’s decision on Friday. 19-month-old Bounkham Phonesavah (Baby Bou Bou) spent weeks in a burn unit after deputies with a Cornelia Police Department SWAT team threw a flash bang grenade directly into his crib, which exploded in his face, leaving him permanently disfigured.The raid was conducted at around 3:00 am for a drug suspect that wasn’t even in the house. By happen-stance, the Phonesavanh family was staying at the residence with relatives because their home in Wisconsin had just burned down.
A court has ruled that French Professor Gilles-Eric Séralini was correct when he concluded that GMO food, when fed to rats, caused serious health problems including tumors.
Russian gas company Novatek invites Japanese business to invest in a wharf in the Barents Sea, which is part of a larger project to produce liquefied natural gas (LNG) in the Arctic, the company's chief said Monday.
Many species of wild bees, butterflies and other critters that pollinate plants shrinking toward extinction. The world needs to do something about it before our food supply suffers, a new United Nations scientific mega-report warns. 20,000 or so species of pollinators are key to hundreds of billions of dollars’ worth of crops each year — from fruits and vegetables to coffee and chocolate. 2 out of 5 species of invertebrate pollinators, such as bees and butterflies, are on the path toward extinction. Pollinators with backbones, such as hummingbirds and bats,slightly better off, with 1 in 6 species facing extinction.“We are in a period of decline and there are going to be increasing consequences,”
Belgium on Friday charged Swiss banking giant UBS with “serious and organised” fiscal fraud for encouraging clients to cheat on their taxes as well as being involved in money laundering.
For 2015, the government reports $3.2 trillion in total assets. This includes everything from financial assets like bank balances to physical assets like tanks, bullets, aircraft carriers, and the federal highway system.Single biggest line item amongst these listed assets is the $1.2 trillion in student loans that are owed to the government by the young people of America;. delinquency rates are rising, now at 11.5% according to Federal Reserve data..
Wealthy Gulf states have increased their investments into Russia as traditional investments such as Europe become less profitable. Although Russia's Direct Investment Fund (RDIF) has been hit with US sanctions, it has been no barrier for wealthy Arab nations in the Persian Gulf interested in investment, the Arabian Business Weekly reported. Over 90 percent of the RDIF's investors have come from the Middle East and Asia, particularly from large sovereign wealth funds.
Russian banks are now required to provide full details of foreign currency operations by individuals to the country's central bank. According to the Central Bank of Russia, the new rule introduced to track money transactions of residents and non-residents without bank accounts in Russia. The regulation requires foreign currency operations to be reflected in the register of transactions with cash and bank receipts.
A St. Louis jury has recently awarded $72 million to the family of a woman from Alabama whose ovarian cancer death was traced to years of using Johnson & Johnson talcum powder.
Venezuela sent $1.3 billion worth of gold bars to Switzerland in mid-January, according to data from the Swiss Federal Customs Administration. That gold was shipped out just weeks before two big debt payments due this month, totaling $2.3 billion. On Friday alone, Venezuela has to pay bondholders $1.5 billion. Venezuela is running out of cash and many experts believe there’s a high chance it will default by this fall when a string of big debt payments are due.
Finance Minister Anton Siluanov: Russia will issue its Eurobonds irrespective of whether US banks agree to provide offering services, The Wall Street Journal reported the day before citing informed sources the US authorities recommended certain major US banks to refrain from buying Russian government bonds.
Russia seems to be launching a silent attack on the supremacy of the dollar and the Western countries, as President Putin is buying gold with “little fanfare, but on a large scale”; as there is no evident economic reason for such an increase, the move will provide Russia with an insurance against crises,
Birmingham's law department says the city's minimum wage ordinance is now void, after Governor Robert Bentley signed the Uniform Minimum Wage and Right-to-Work Act. Birmingham City Council passed an ordinance speeding up the implementation of its $10.10 minimum wage to go into effect Sunday. Alabama Senate had a bill to block it on the fast track. The governor's signature came an hour after the Senate passed the measure.
America media gives round-the-clock coverage to the minutiae of capitalist politics—the insults and smears and lies hurled back and forth between the various representatives of big business seeking the nominations; little attention of life facing working-class majority of the American population. .Anger among working people, expressed in only a very limited and distorted way in the presidential campaign.
German beer industry is in shock after finding that 14 different popular beer brands have traces of the ‘probably’ carcinogenic herbicide, glyphosate – an ingredient found in Monsanto’s best-selling weed killer, Round Up; even in beer that is supposed to be brewed from only water, malt, and hops..Germany’s Agricultural minster is playing down the risks in order to save one of the countries’ best-selling exports.
Yelp employee said she was fired after she blogged about the financial pressures she felt working for the multibillion-dollar business;her breaking point came when she went to sleep, woke up "starving" two hours later. Your employee for your food delivery app that you spent $300 million to buy can't afford to buy food," she wrote. "That's gotta be a little ironic, right?" The minimum wage in the city is $12.25 an hour. Yelp said in a statement : "We did agree with many of the points in the Medium post and thought it served as an important example of Ms. Ben-Ora's freedom of speech," "We agree with her remarks about the high costs of living in San Francisco, which is why we announced in December that we are expanding our Eat24 customer support team into our Phoenix office where we will pay the same wage."
Gazprom signed a memorandum of understanding with Italian energy firm Edison and Greek gas company DEPA on Wednesday on natural gas deliveries from Russia to the future gas pipeline ITGI, which will link Greece and Italy.
US government has urged major banks not to bid on a potentially lucrative but "politically risky" Russian bond deals, claiming it could undermine international sanctions against Moscow. Russian Finance Ministry sent a prospectus to 25 Western investment banks and three Russian lenders, wants to raise $3 billion by issuing Eurobonds. ,Since 2002 US banks earned nearly a quarter of all annual Russian investment banking revenue. In 2007, they made $630 million profit on $2 billion in investment banking business in Russia.
Two South Kona coffee growers have reportedly filed a lawsuit against Monsanto, claiming that the company lied about the possibility for glyphosate, the main ingredient in Round Up, to cause cancer. The lawsuit seeks unspecified monetary damages, including compensatory damages, punitive damages and attorneys’ fees, and court costs.
Organic food sales $37 billion annually, up 12% from a year ago, trend shows no sign of slowing. Top food retailers in the US, including Costco, Kroger, Walmart and Target, have expanded their organic food offerings in recent years due to the forecasted growth.organic sales have grown to 5% of the ENTIRE food market.
Domestic e-commerce in China was up 31.6 percent last year to 3.2 trillion yuan ($490 billion) as the country transitions from an export to a consumer-driven economy. Overall Chinese retail sales of consumer goods reached 30.1 trillion yuan ($4.6 trillion) in 2015, up 10.7 percent year-on-year.
After adding 6,700,000 ounces (208 tonnes) of gold to her reserves in 2015, the Central Bank of the Russian Federation announced today that it had added another 700,000 ounces of gold (21.77 tonnes) to its reserves in January 2016. The report indicated that Russian gold reserves increased by 700,000 ounces from its December 2015 report to 46.2 million ounces (1,436.98 tonnes).Russia now has 1,437 tonnes of gold in reserve; the sixth most of any nation.
The Federal Aviation Administration say unregistered drone users could now face fines as high as $250,000 for flying their UAVs or the possibility of up to three years in jail.. FAA announced that a total of 368,472 drones had been registered with agency, surpassing the number of airplanes on record with the federal government..
. A company known as Crowds on Demand is actually in the business of providing fake protesters for causes, fake entourages for wanna be celebrities and seemingly even fake supporters for unpopular corporate activities,.actors are hired to try and sway public officials.
Russian oil exports to China increased fifteen percent in January, as Beijing's crude imports from Saudi Arabia decreased at the same time, according to China's General Administration of Customs.
Marc EdwardsVirginia Tech civil engineer, professor; helped expose Flint water crisis: scientific research for the public good is lost due to a scientific culture that lives on a “hedonistic treadmill.” Researchers face incredible pressure to pursue funding, publication, and academic clout for the universities that sponsor their work. The pressure put on academics to secure funding is leading scientists to ignore obvious truths that need investigation. Instead, they make convenient statements that line their pockets.
Lawmakers in places like Arizona have made news recently by placing a tax on solar panels, but in some areas, politicians want to ban solar power altogether. New legislation in Maine and Hawaii seek to limit where solar companies can operate. Maine, legislators are looking to prevent owners of solar panels from selling their excess power back to the grid. Hawaii, lawmakers want to ban solar outright in certain areas.
Rex Iverson was jailed for the alleged crime of not paying an ambulance bill. Legally, this should not be a jailable offense.The very next day, Iverson was found dead. Tremonton City Ambulance service tried to garnish his wages, “but he didn’t have a job, Utah calls their illegal debtors prison “justice courts.” In last three years, there have been 13 people arrested and jailed for debts just like Iverson’s. Many of these debts have been ones owed to government agencies..
,After 542 days of airstrikes, the cost of the campaign reached $6.2 billion, $480,000 for every hour. Pentagon is asking for another $7.5 billion to continue battling ISIS—double the amount requested for 2016; calls for more US troops to be deployed in combat or advisory roles. 37,000 bombs and missiles have been dropped, and 20,000 ISIS fighters have been killed, according to the Pentagon.
British Prime Minister David Cameron late Friday struck a reform deal brokered by the Commission at a European Union summit that gave the country "special status" in the 28-nation bloc. The agreement guarantees that Britain will never be forced to bail out members of the eurozone, gives Britain the right to supervise financial institutions and markets to preserve financial stability. Britain would vote on whether to remain in the EU June 23.
In a further sign of its ramping up its military muscle, Saudi Arabia has become the biggest arms importer in the Middle East, and the second biggest in the world, after India, with an increase of 275 percent. "Arms on order include 150 combat aircraft and thousands of air-to-surface missiles and anti-tank missiles from the USA, 14 combat aircraft from the UK and an undisclosed but large number of armored vehicles from Canada, Belgium.,"
Your donation helps provide a place for people to speak out.
Not tax deductible. email@example.com
|Search the Site||Search the Web|
|<< <||> >>|