European Parliament delegation head Goeran Faerm: European Union ready to sign free trade zone agreement with Ukraine, continue talks on visa-free travel, provide Ukraine with foreign political, financial assistance.
Our tax system is incredibly burdensome, costing Americans millions of dollars and wasting money that could be spent paying the bills. Our corporate tax rate is one of the highest in the world, making us less competitive in the global marketplace.
WASHINGTON (VR)— This week saw the fifth round of secret negotiations between the US and the EU on the Transatlantic Trade and Investment Partnership (TTIP), which is designed to cement the hegemony of multinational corporations, in part by providing channels for them to avoid environmental, safety, and labor regulations that could impinge on their profitability.
There is more trouble for auto giant General Motors. Nearly two-hundred thousand cars made by the Detroit giant for Japanese automaker Suzuki are being recalled as steering columns in the Suzuki Forenza and Reno models manufactured between 2003 and 2008 could catch on fire. The cars were made in South Korea by GM, for Suzuki, but sold in the US.
Amazon will be using 10,000 robots in its warehouses by end of year to fulfill customer orders. UBR-1, 4-foot tall robot could perform tasks done by human workers. Can work alongside humans or autonomously in workspace filled with people. Costs $50,000, can work all day and all night.
Financial Conduct Authority announced that it fined Barclays £26 million for manipulating "the setting of the price of gold in order to avoid paying out on a client order, by placing, withdrawing and re-placing a large sell order for between 40,000 oz and 60,000 oz of gold bars.
Criticising the United States, he said the vision of a "unipolar" world had failed and hailed European companies for taking a more "pragmatic" approach to Russia. The European Union, heavily reliant on Russian gas supplies, has been more reluctant than Washington to impose tough sanctions on Russia.
Colorado is reporting 10,000 new jobs, all from the legalization of both recreational and medical marijuana, doesn’t include jobs created by medical marijuana sales. $40 million in tax revenue in the first year. The state now enjoying one of the lowest unemployment rates in the nation – 6%.
Turkey’s Energy Minister Taner Yildiz says the country has begun exporting the first cargo of crude oil from Iraq’s semi-autonomous Kurdistan region to international markets. The Turkish minister declined to comment on the buyer as the sale was carried out by the Iraqi Kurdistan.
The head of the Lower House financial markets committee: until Russia passes a law, any report to US tax authorities about a client accounts in Russian banks would be violation of bank secrecy. MP Natalya Burykina (United Russia): bank employees who permit it could face criminal prosecution.
UN: 21 million people are working as modern day slaves, victim to trafficking, forced labor and sexual exploitation, The illicit market in exploited people generates billions of dollars in profit worldwide. remains virtually invisible, hidden behind a wall of coercion, threats and economic exploitation.
According to an article by Huffington Post business writer, Hope Yen, about 4 out of 5 adults in the U.S. are jobless, near-poverty level or rely heavily on government assistance for at least some of their day-to-day needs.
Ukraine warned future gas shipments stop June 3 if not paid for in advance. Kiev refused to pay for natural gas upfront as a protest to Russia’s decision to almost double former gas prices. Russia willing to resume gas talks with Ukraine if the European country settles part of its gas debt.
Swiss bank Credit Suisse pleaded guilty Monday to the charge that it facilitated wealthy Americans who sought to commit tax evasion, becoming the first major bank to admit criminal wrongdoing in over 20 years and agreeing to pay $2.6 billion in fines.
In a nation that has long operated on the principle that an "American Dream" is available to anyone willing to try hard enough, the term "working poor" may seem to have a bright side. Sure, these individuals struggle financially, but they have jobs -- the first and most essential step toward lifting oneself out of poverty, right?
German Foreign Minister Frank-Walter Steinmeier called for restraint in imposing new sanctions on Russia, politicians, businesses and general public in Germany skeptical of putting more pressure on Moscow. Preferred "cooperation instead of confrontation" with Moscow.
The Swiss voted to reject a minimum wage of $4,515 a month, around $25, hourly salary. Would be highest in the world. Advocatesargue it is a necessary measure, opponents say it would seriously damage the economy. Average salary in Switzerland is 29,000 euro a year around $40,000.
Russia's Gazprom assured European customers it would continue to supply their gas, after threat to halt supplies to transit nation Ukraine over non-payment.chief executive Alexei Miller: Any shortfall would be fault of Ukraine. Moscow blamed theft by Ukraine for disruption to exports in previous dispute.
Over 20 killed in worst flooding on record across the Balkans. Tens of thousands evacuated, 250,000 homeswithout power. Serbia's Prime Minister Aleksandar Vucic: This is the greatest flooding disaster ever. Not just in the past 100 years; this has never happened in Serbia's history,"
Brothers, Robert ,William Isaias, sentenced 8 years prison for embezzlement, defrauded bank they owned. It collapsed; loss of $400 million, fled to Florida. Life of lavish luxury. Avoid jail by campaign donations to American politicians for"safety" from law. Ecuador President Correa calls for extradition.
New legislation placing foreign payment service providers under the thumb of Russian regulators is so damaging to Visa and MasterCard that the two U.S. companies might be better off abandoning the Russian market, according to research by investment bank Morgan Stanley.
American coal mines are more regulated than they were before mining accidents in West Virginia and Utah in 2007, but the United States has basically the same mining regulations as it did before those deadly accidents, said Steven Sandbrook, president and owner of Eagle Mine Safety in Nazareth, Pennsylvania.
Thursday saw the latest wave of protests in an 18 month-old campaign to improve the lamentable conditions obtaining for low-wage workers in the US.
Hernando County, Florida were debating spending $800,000 in tax-payer money to fluoridate water few months ago. This is what it would cost to put leftovers from phosphate fertilizer, semiconductor industries into everyone’s water. They decided against fluoridating the water supplies.
US drinkers have for the first time overtaken the French as the world’s No. 1 wine consumers, a report showed on Tuesday, with Americans developing a greater and more refined taste for France's national beverage.
Russia pushing for trade arrangements that minimize participation (and influence) of US dollar, replace it with dollar-free system. Increase role of Russian ruble in export operations, Russian banking sector is ready for ruble-denominated transactions. Russia's response to sanctions
International Monetary Fund chief Christine Lagarde warned Russia that its economy, already facing lower economic growth because of the crisis in Ukraine, would face still further decline if tension with the West is allowed to continue.
A record number of Americans are renouncing their citizenship as they seek to remove the burden of filing complicated and costly tax returns simply for living in another country. Last year,3,000 Americans gave up their passports tripled the average of previous five years.
Spanish Government plans to collect data on all of the country’s 34 million bank accounts in what it calls a bid to crack down on money laundering and terrorist activity. Move has drawn plenty of fire. Tax Office, military, General Council of the Judiciary, secret services able to access information.
The US economy is trapped between two economic barriers that effectively are whittling away America's global dominance: the Federal Reserve Bank and the minimum wage laws.
Is the Fed “tapering”? Did the Fed really cut its bond purchases during the three month period November 2013 through January 2014? Apparently not if foreign holders of Treasuries are unloading them.
The Venezuelan President has severely denounced US sanctions against his government over alleged human rights violations. Nicolas Maduro: "It's hardly worth responding to the stupid things the imperialist elites in the north do. They can keep their threats and stupidities.
American energy companies are using a crude oil loophole to input high profits that are record-breaking in terms of petroleum exports with the shale gas industry only expected to grow.
CBS News travel editor Peter Greenberg: Malaysia Airlines received $200 million in insurance money, such a massive payout can be a windfall for a carrier. Greenberg talks to the "CBS This Morning" co-hosts about other air accidents and how payments are distributed to the surviving family members.
Gazprom will present Ukraine bill Tuesday, demand payment by June 2. "If Ukraine does not pay Gazprom will, by 10am (0600 GMT) on June 3, inform Ukraine what amount of gas will be supplied in accordance with the pre-payment." Amount of gas to be supplied would be zero if no payment is made.
11-May-2014 Clif High IDIR, Bitcoin, Gold, Silver, US Dollar, Ukraine War, Russia, Children, Housing
Spanish magistrate Elpidio Silva sent CEO of a bailed-out too-big-to-fail bank to jail, was then suspended from the case, which is currently on hold. Accused of perversion of justice, If found guilty, Silva faces indefinite expulsion from the bench.
The founder and CEO of Subway says a minimum wage increase wouldn’t be such a bad thing for his stores and workers and believes it should be changed so that wages rise automatically with inflation. “Minimum-wage workers deserve to make more.
“Financial cooperation between China and Russia is growing as local currency settlement in two-way trade increases and consultations on a package of currency swaps are on-going,” said Zhang. This would remove the necessity for transactions to be settled in two foreign exchange trades via the US dollar.
Ukrainian Energy Minister Yuriy Prodan: Ukraine does not acknowledge $3.5 billion debt for Russian gas. "We cannot accept figure mentioned by Gazprom because calculations based on economically unsound price. Prodan replied his country unable to switch to advance payment system for gas.
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