Puerto Rico will default on a portion of the nearly $1 billion in debt obligations due to its bondholders on Jan. 4. Top officials for the commonwealth have confirmed that it will not be able to make two out of the 13 total payments due Monday to bondholders. Puerto Rico will default on a $35.9 million payment on the Puerto Rico Infrastructure Financing Authority, and a $1.4 million payment on the Puerto Rico Public Finance Corporation.
On the economic front there are two sources of this mounting disquiet: First, the fact that despite the pouring of trillions of dollars into the global financial system by the world’s major central banks, recessionary tendencies are gathering momentum. Second,“there is… a widespread fear that, after years of unorthodox monetary policy, another financial or economic crisis might be building.”
The amendments would change Russian civil and arbitration codes by introducing the principle of limited legal immunity for a foreign state. They detail the procedure of initiating a lawsuit against a foreign nation and serving court warrants to its representatives. The document also prescribes the role of various Russian state agencies in court cases against foreign states.
The $1.1 trillion spending bill passed recently by Congress sent the pro-medical marijuana movement a step forward by included several drug reform provisions.The bill includes language that blocks the Justice Department (JD) and Drug Enforcement Agency (DEA) from dedicating resources to interfere with state medical marijuana laws or hemp research projects
Sen. Chris Coons (D-Del.) is proposing a temporary surtax to pay for the war against the Islamic State in Iraq and Syria (ISIS);. said Congress has taken steps to pay for every major conflict, often through new taxes, since the War of 1812.. The Iraq War would eventually cost $1.64 trillion and the Afghanistan War $715 billion..Coons said those costs would include an additional $6 trillion if long-term care for injured veterans were factored in..
President Woodrow Wilson—who brought us into World War I, arrested Americans for singing German beer hall songs in public, campaigned for the federal income tax by promising it would never exceed 3 percent of income, helped to create the cash-printing Federal Reserve, laid the groundwork for Prohibition, and kept Jim Crow going—borrowed $30 billion to pay for World War I. The $30 billion that Wilson borrowed was repaid by the feds with borrowed dollars. Federal government still owes $30 billion that Wilson borrowed,to different lenders from those who originally financed the Great War. It has paid more than $15 billion in interest payments on that $30 billion.
Russia’s primary sanctions against Turkey came four days after the Turkish military on November 24 brought down a Russian Sukhoi aircraft, which as Ankara claimed, violated the Turkish airspace near the Syrian border. .The sanctions included a ban on the employment of Turkish citizens by Russian employers, restricted imports of certain Turkish goods such as vegetables and fruits, ban on charter flights between the two countries and suspension of travel package sale to Turkey. According to the new presidential order, there will be a ban imposed on the operations of several organizations under the jurisdiction of Turkey as well as a limitation of Turkish organizations’ activities in Russia.
U.S. national debt has risen from $10,626,877,048,913.08 on January 20th, 2009 to $18,795,033,928,275.59 on December 21st, 2015. That means that the debt that we are passing on to future generations has increased by 8.16 trillion dollars since Barack Obama was inaugurated.
January 1st, 2016, a new bail-in system will go into effect for all European banks. This new system is based on the Cyprus bank bail-ins a few years ago. Money was grabbed from anyone that had more than 100,000 euros in their bank accounts in order to bail out the banks. Now the exact same principles that were used in Cyprus are going to apply to all of Europe.
Italian pensioner hanged himself after his entire €100,000 savings were confiscated in a bank “rescue” scheme. He left a suicide note blaming the bank, where he had been a customer for 50 years and had invested in bank-issued bonds. EU is tightening the rules on bank rescues – they will force losses on depositors holding more than €100,000, as well as bank shareholders and bondholders.
In the next week, a potential ballot measure, submitted to the Office of the Attorney General in October, is expected to receive title and summary for the 2016 election, meaning its advocates will be able to collect signatures in order to secure its official place on the ballot. The proposed law would require legislators and candidates to sport the emblems of groups that donate money to their campaigns. Imagine a California Senator. wearing Chevron, Shell, and BP logos on his jacket.
Russian President Vladimir Putin has signed a law regulating legal protection of a foreign state and its property in the Russian Federation, The law for the first time sets the limits of immunity for foreign states and their property in the Russian Federation and defines cases when the state and its property do not enjoy jurisdictional immunity.
The wealthy have used their influence to steadily whittle away at the government’s ability to tax them," to create a private tax system, catering to only several thousand Americans. The income-shielding maneuvers, range from organizing one's business as a partnership to capitalizing on "a range of esoteric and customized tax deductions that go far beyond writing off a home office or dinner with a client," are largely unavailable to the average taxpayer, due to cost and complexity.
Turkish Prime Minister Ahmet Davutoglu: Ankara hopes to recover relations with Moscow after the aggravation following the incident with the Russian Su-24 bomber crash near the Syria-Turkey border; said Turkey did not know whose plane was crossing the border. Russian President Vladimir Putin said that the plane was downed by an air-to-air missile launched by a Turkish F-16 fighter.
Tax by mile will put a box in your car that will track your every movement and tax you for it. The state will know where you are at all times and will have the ability to ticket you every time you inch over the speed limit.
Deceptive financial practices. Cheating depositors. Citizens Bank was fined $18.5 million.Overcharging customers..Food contamination..Adulterated medication. Failure to report safety defects. Workplace hazards.False claims.. Wage Theft.
95 percent of all retail sales in Sweden are cashless; government of Denmark has a stated goal of “eradicating cash” by the year 2030. In Sweden, hundreds of bank branches no longer accept or dispense cash, thousands of ATM machines permanently removed. Parishioners text tithes to their churches. Homeless street vendors carry mobile credit-card readers. Bills and coins account for 2 percent of Swedish economy, many stores no longer take cash at all.
One in 10 Obamacare customers who earn between just two and five times the federal poverty level will have coverage costs that exceed 21 percent of their incomes. Median Obamacare customer spends more than 10 percent of their income on monthly premiums and out-of-pocket health expenses.
Central Bank of Russia has implemented stricter rules on cash exchanges in the country. The policy is expected to tackle money laundering and the bankrolling of terrorism. Authorities require clients to provide a full name, passport details, registration place, date of birth and tax reference number, if the transaction is bigger than 15,000 rubles ($212).
“What may slow down the exports is anti-dumping and protectionist measures that several countries have taken against cheap imports,”. “We’re going to see an impact. More and more countries are raising their objections.”In other words, a trade war.
For years, many homeless people have spent the night in airports. .People sleeping in airports has grown. . One individual, according to Bloomberg , has lived in LaGuardia for 20 years. Officials are now cracking down on that arrangement, .arrest violators..
President Vladimir Putin: “We can not only feed ourselves, Russia can become an important global supplier of healthy, organic and high-quality food, especially since the global demand for such products is showing a steady growth.” According to the International Federation of Organic Agriculture Movement (IFOAM), in 2000-2014 global organic food output grew almost five times from $18bn to $100 billion, year-on-year growth amounted to 10 to 12 per cent.;
There were no working organic farmers called to the table to participate in this discussion. Vilsack is a enthusiastic supporter of corn and soy-based biofuels, which use as much or more fossil fuel energy to produce them as they generate, while driving up world food prices under heavily government subsidized funding; promoted agricultural biotechnology, including pharma crops, plants genetically engineered to produce pharmaceuticals.
Initiative to strip private banks of their power to “create money” and make it exclusively a central bank privilege has gathered enough support for the Swiss government to announce a referendum on the issue. A vote in favor may result in a return to 100 percent reserve banking. “Banks won’t be able to create money for themselves anymore, they’ll only be able to lend money that they have from savers or other banks, or even, if necessary, money that the Swiss National Bank has provided them.”
It is critically important for Ukraine to get a third tranche from the International Monetary Fund under the revised cooperation program; Finance Minister Natalie Jareskol. "Getting the tranche is a prerequisite for a US loan of one billion dollars and pre-requisites for European loans."
Officials in Washington have argued the law, combined with new draft banking and insurance rules and a slew of anti-trust investigations, amounts to unfair regulatory pressure targeting foreign companies. China's national security law adopted in July requires all key network infrastructure and information systems to be "secure and controllable.
The US sold 35 percent more arms abroad, amounting to roughly $10 billion; last year,South Korea became the world's top firearms purchaser last year with contracts exceeding $7.7 billion. Recent years have witnessed a trend of developed countries supplying firearms to developing countries, representing some $61.8 billion in total purchases last year.
A class action lawsuit has been filed in Texas to prevent the State from reinstituting debtors’ prisons for people who are to poor to pay traffic fines and petty misdemeanors. This latest lawsuit is one of many lawsuits that have been filed all across America recently, as more and more judges are jailing citizens for failing to pay their fines..“Class C prosecutions in Austin Municipal Court trap people who are too poor to pay in an endless cycle of accumulating debt. The court burdens people who are too poor to pay with additional fees and logistical hurdles at every step of the process.
Bank of Russia said on Wednesday. "Low oil prices pose a risk to Russia and other exporter nations from the standpoint of the budget balance. According to the Bank of Russia, slowdown of China’s economy, the main consumer of this resource, will primarily affect oil prices.."Further growth of the Federal Reserve rate will be accompanied by US Dollar strengthening,
Hunger and homelessness are on the rise in major cities across the United States, largely due to low wages and a lack of affordable housing, according to a new report. The largest increase in homelessness was in Washington, DC, the nation’s capital, where the number of people experiencing homelessness rose by 28 percent and the number of homeless families went up by 60 percent. Requests for emergency food assistance in the city rose by 27 percent during the same period..
The Chinese-led Asian Infrastructure Investment Bank (AIIB) was formally established on Friday, and is expected to be operational by early next year, local media reported Friday. Authorities have said that the bank aims to provide financial facilities for a chain of development projects including the construction of dams, ports, power plants and telecommunications networks across Asia.
, Dalene Bowden was fired from her job last week as a food service worker at Irving Middle School in Pocatello, Idaho after she gave a hungry student with no money a free lunch. The total cost of the food was $1.70. Letter, signed by Susan Petit, Director of Human Resources of Pocatello School District 25, stated: “The reason of your termination is due to your theft-stealing [sic] school district or another’s property and inaccurate transactions when ordering, receiving, and serving food.” Never written up or reprimanded for her job performance. She did, however, receive a verbal warning for giving a student a free cookie. Bowden offered to pay for the $1.70 lunch but was rejected.
Russian intelligence has spotted up to 12,000 tankers and trucks on the Turkish-Iraqi border, the General Staff of Russia’s armed forces has reported, The Russian Air Force in Syria has destroyed about 2,000 tankers used by the Islamists for oil transportation. In the last week, Russian warplanes eliminated 17 convoys of oil tankers and a number of installations used by terrorists for oil extraction and processing.
Five of world’s biggest banks paid no corporation tax in the UK last year. JP Morgan, Bank of America Merrill Lynch, Deutsche Bank AG, Nomura Holding and Morgan Stanley admitted their main British arms paid no tax. Used tax breaks and losses generated during financial crisis to reduce bills. Some paid no tax because they said they had made losses in London
A senior executive with the second-largest for-profit prison company in America assured investment bankers last summer that despite talk of drug policy and criminal justice reform, the country will continue to “attract crime,” generating new “correctional needs.” Pivate prison firms pushed for tougher sentencing laws at the state level and have been tied to efforts in recent years to compel local law enforcement officers to enforce immigration laws.
The housing calculus overall is not good for most Americans. We have gained nearly 9 million rental households since 2005, the largest 10-year increase in history. At the same time, we have 8 million people that lost their home through foreclosure since 2004. Of these foreclosures 1 million happened in California, the perpetually sunny state.
Workers are set to stage a strike across the occupied territories to demand a rise in pays in a move likely to harm Israel's lumbering economy.The industrial action that is planned for Wednesday would likely see Israel's main airport, seaports, trains, the Tel Aviv Stock Exchange, offices, hospitals and schools closed. In a bid to prevent the strike, officials from the Israeli Finance Ministry and the Histadrut – the umbrella organization for 700,000 public sector workers – held a meeting, whose outcome is still unclear.
Swiss oil traders might have gotten themselves into some trouble after it was revealed that they regularly imported oil from terminals in Turkey, where Daesh, also known as ISIL/ISIS, sold their illegal oil supply, the Swiss newspaper Le Matin reported.
Global stock markets plunged Friday as oil prices hit new lows, threatening to crash the junk bond market and trigger a new financial meltdown. Investor nervousness was heightened by the prospect of the US Federal Reserve Board raising interest rates for the first time in nearly a decade when it meets next week.
Russian Defense Ministry held a major briefing: Illegal oil revenues are one of the main sources of income for the terrorists in Syria. According to some reports, they make about $2 billion a year on illegal oil trade. Turkey is the main destination for the oil stolen from its legitimate owners, which are Syria and Iraq. Turkey resells this oil, country’s top political leadership involved in the illegal business — President Erdogan and his family.
In the aftermath of Russia's exposure of the illegal oil trade between Daesh (ISIL/ISIS) and Turkey, the US has decided to come up with its own 'revelation': the US Treasury admits that the jihadist group is profiting from oil exports to the tune of as much as $40 mln per month, but claims the terrorist group is selling it to President Assad while neglecting to provide any proof to back up its claim.
The first China-Russia e-commerce platform incubator has been opened in the China’s Heilongjiang Province, Interfax reported. The purpose of the platform is to provide new enterprises with a public space with low cost distribution of resources, and simplified procedures for doing business. It will involve dozens of Chinese trading companies, the creation of two cross-border payment systems, five warehouses near the Russian border in China, as well as four warehouses on the Russian side.
Ben Carson sought to reinvigorate his presidential campaign late on Wednesday by rolling out a proposed healthcare overhaul that would eventually increase the Medicare eligibility age to 70. “We don’t want a bunch of bureaucrats dictating to people what they ought to do,” Carson said.
Government is going after another part of the government for its refusal to stop taking stuff without securing a conviction. Two New Mexico state senators Lisa Torraco and Daniel Ivey-Soto are suing Albuquerque after the city has refused to stop seizing residents’ cars, despite a law passed earlier this year ending the practice of civil asset forfeiture; said Albuquerque is defying the new law and “has continued to take property using civil forfeiture without requiring that anyone be convicted of a crime.”
Government measures to stop recession in the economy have been successful and Russia will return to growth, according to Prime Minister Dmitry Medvedev."The anti-crisis plan has worked. It allowed us to survive the most difficult period of the year. The plan has brought result in almost all areas, US ratings agency Moody's upgraded Russian government bond outlook from negative to stable, citing stabilization of Russia's external finances.
Puerto Rico Governor Alejandro Garcia Padilla pleaded with Congress to help his government emerge from a deepening fiscal crisis, saying the federal spending bill may be the best chance for the island to secure aid before bond payments come due next month. Democrats in the Senate failed in an effort to unanimously push through a bill that would allow some of Puerto Rico’s agencies to file for municipal bankruptcy, one of the island’s top priorities, lack of support among Republicans who control Congress.
Russia’s President Vladimir Putin has instructed the Finance Ministry to take Ukraine to court for failure to pay debt on bonds. "File a suit then," Putin told Finance Minister Anton Siluanov, when speaking at a meeting with cabinet members.
On Sunday morning the Greek parliament voted to approve a 2016 budget proposal containing a new round of sweeping austerity measures demanded by the troika, which consists of the European Union, European Central Bank and the International Monetary Fund. Tsipras and Syriza haveagreed to slash Greek public spending an additional €5.7 billion, €1.8 billion cuts in pensions and tax increases of over €2 billion.
A teenager who spent 10 weeks before and after school working in a shop to save up for Christmas has been told he won’t be getting paid. When he came to collect his overdue wages he was told by the boss that he wouldn’t be getting them – as he was on unpaid work experience. One of the stores owners told the paper; The Canterbury Times he had never agreed a wage.
Former Secret Service agent Shaun Bridges, 33, has been sentenced to 71 months in prison for stealing 20,000 bitcoins from Silk Road vendors, has to forfeit $650,000. DEA agent Carl Mark Force IV, was charged with money laundering, obstruction of justice, and extortion under color of official right for similar crimes, using his position as an agent to take more than $700,000 in bitcoins, sentenced to 78 months in prison after he pled guilty.
A hoard of stolen Dutch golden age paintings is being offered for sale by an ultra-nationalist militia in Ukraine, according to the museum from which the works vanished a decade ago. The Westfries Museum in Hoorn, 50km north of Amsterdam, said on Monday it suspected members of the Ukrainian state security service, SBU, the far-right Svoboda (Freedom) party, and “art criminals with contacts ... at the highest political level” might also be involved in the attempt to sell the canvases.
Deputy Prime Minister of Turkey Mehmet Simsek; "We consider Russia to be our important partner and do not want tensions. From the very first days of the crisis, we discussed all aspects and are ready to take action, if Russia still refuses to hold a dialogue. Under the worst scenario, Turkey will lose about $9 billion.
Air Force chief of staff General Mark Welsh; Air Force is now "expending munitions faster than we can replenish them." "B-1s have dropped bombs in record numbers. We need the funding in place to ensure we're prepared for the long fight."
All of the wealth of the poorest 152 million Americans, it still falls short of the combined net worth of the 20 wealthiest Americans. This is a list that includes Bill Gates, Warren Buffett and Mark Zuckerberg. The real problem is the bottom half of the country is steadily getting poorer.
Crude oil futures have plunged to their lowest level in nearly seven years amid rising concerns over a growing supply glut. Oil prices have plunged by about 60 percent in a year.
A New Jersey social service agency has followed through with its threat to fire three office workers over their refusal to get a flu shot or, as an alternative, wear a surgical mask while in the company's Burlington Township headquarters.
Investors from abroad have withdrawn $7.6 billion in assets this year, according to Bloomberg. This includes $1.4 billion in November. Turkish lira is facing its biggest annual fall since 2008 and is nearing new record-lows, as foreign investment continues to leave the country.
Turkey's Foreign Minister Mevlut Cavusoglu; "We consider it reasonable in the interests of our countries and their future to review those measures and also to cancel them immediately. Otherwise, the said economic measures will affect directly the economies of the countries and will cause negative consequences for the Russian people, no less than for the Turkish people." The relations between Moscow and Ankara worsened as an Turkish Air Force F-16 fighter shot down a Russian Su-24M bomber.
Alarmed by President Erdogan’s political adventurism, a group of leading Turkish businessmen has asked the head of the Russian-Lebanese Business Council, Jacques Sarraf, to organize a meeting with their Russian colleagues in Lebanon. said they wanted to safeguard the Russian-Turkish economic relations against President Erdogan’s “irresponsible political decisions.
Finland's government is drawing up plans to give every one of its citizens a basic income of 800 euros (£576) a month and scrap benefits altogether. The proposal would entitle each Finn to 800 euros tax free each month, which according to Bloomberg, would cost the government 52.2 billion euros a year.
The retailer's Puerto Rican affiliate sued the U.S. commonwealth Friday over legislation that would more than triple the tax bill for large American corporate subsidiaries on the island that import goods from their mainland parent companies; argued in lawsuit the tax hike unfairly burdened the company, as it was the only entity to break into the top tax margin of $2.75 billion in gross revenue. The levy would bring the Wal-Mart unit's total income-tax burden to "an astonishing and unsustainable 91.5 percent of its net income," it said in the suit. Wal-Mart is the largest employer in Puerto Rico.
Obama is proposing to generate hundreds of billions of dollars in new revenues for the government by taxing your retirement. This year's version of the budget included a number of provisions targeting retirement accounts.
Mexican corporations are acutely vulnerable to a strengthening dollar and rising U.S. interest rates. Across the planet, there are hundreds of governments – local, state and national – as well as business and households reaching a breaking point; drowning in debt, many are about to default on loan repayments, and thus set off a series of debt crises that will be met with market chaos
Major defense contractors Raytheon, Oshkosh, and Lockheed Martin assured investors at a Credit Suisse conference in West Palm Beach this week that they stand to gain from the escalating conflicts in the Middle East; will see “indirect benefits” from the war in Syria providing “a lift.”
The FBI processed a record number of firearms background checks on Black Friday, the bureau said on Tuesday.The FBI processed 185,345 background checks – roughly two per second – on the busiest shopping day in the United States. That is about 5% more than the FBI processed on Black Friday in 2014, the Associated Press reported. The FBI conducts background checks for gun purchases from federally licensed dealers and for permits to carry guns.
Turkish Prime Minister Ahmet Davutoglu: “Those who believe that economic sanctions against an honorable nation like Turkey can bring it to its knees will be mistaken, insisting once again that Ankara did not know the nationality of the plane it downed.
Russian President Vladimir Putin intends to form an economic bloc, as an alternative to the US-led Trans-Pacific Partnership (TPP). He has asked the government to start making contacts with Asian countries.
Bilal Erdogan owns several maritime companies. He has allegedly signed contracts with European operating companies to carry Iraqi stolen oil to different Asian countries. The Turkish government buys Iraqi plundered oil which is being produced from the Iraqi seized oil wells. Bilal Erdogan’s maritime companies own special wharfs in Beirut and Ceyhan ports that are transporting ISIS’ smuggled crude oil in Japan-bound oil tankers.
David Cameron announced one billion pounds from UK taxpayers will go to fund the ‘reconstruction’ of Syria after it has been pummeled by British bombs. The lunacy of pledging to rob the public purse to repair the damage Cameron is so hell-bent on creating is breathtaking until you examine who the plan makes sense for: Cameron’s much loved British companies.
Eren Erdem, a lawmaker from the Republican People's Party, Turkey's largest opposition party, revealed he is ready to publicize information next week linking Berat Albayrak, President Erdogan's son-in-law and the Turkish Minister of Energy and Natural Resources, to the Daesh terrorists oil trade.
Russian military officials speak to the media in front of aerial images they say are oil trucks near Turkey's border with Syria at a briefing in Moscow on Wednesday. Moscow: Russia's defence ministry said on Wednesday it had proof that Turkish President Tayyip Erdogan and his family were benefiting from the illegal smuggling of oil from Islamic State-held territory in Syria and Iraq.
Russia could freeze the Turkish Stream gas pipeline project for several years in response to Turkey shooting down a Russian jet in Syria. Turkish Stream gas pipeline is one of the major projects for Russia and Turkey. It aims to deliver Russian natural gas to Turkey via the Black Sea, then further to Southern Europe. The start of construction was scheduled for June but has been delayed.
With the ability to read their mail and record their phone conversations, state prisons have increasingly been filing lawsuits against inmates with over $10,000 in assets. Some counties, discontinued their jail’s pay-to-stay program because the cost of employing collection agencies turned out to be more expensive than the fees they were collecting since an estimated 80% of prisoners are indigent.
Low oil price has no impact on Russia’s output. Russian oil companies have increased profits and output since the weaker domestic currency has protected their business. The depreciating ruble cut costs and taxes for the companies that generate earnings in US dollars but pay most of their expenses in rubles.
US, British, French, Israeli and other energy interests could be prime beneficiaries of military operations in Iraq and Syria designed to rollback the power of the ‘Islamic State’ (ISIS) and, potentially, the Bashar al-Assad regime. A study for a global oil services company backed by the French government and linked to Britain’s Tory-led administration, published during the height of the Arab Spring, hailed the significant “hydrocarbon potential” of Syria’s offshore resources.
Europeans are being dispossessed of the social welfare systems that made life under capitalism liveable. Simultaneously, the most heavily indebted countries are being looted. The living standards of the populations are being squeezed to death in order to pay off the fraudulent debts incurred by corrupt governments.
Baghdad will immediately lodge a protest in the UN Security Council if claims that Turkey is involved in oil smuggling with Islamic State terrorists are confirmed, the Iraqi Defense Ministry said Wednesday.
Russian Defense Ministry has released evidence which it says unmasks vast illegal oil trade by Islamic State and points to Turkey as the main destination for the smuggled petrol, implicating its leadership in aiding the terrorists. According to Deputy Defense Minister Anatoly Antonov, Russia is aware of three main oil smuggling routes to Turkey. Oil “in large quantities” enters Turkey via “live oil pipelines,” consisting of thousands of oil trucks.
Putin: "We have every reason to believe that the decision to shoot down our aircraft was based on the wish to ensure the safety of those oil delivery routes to Turkey - right to the ports, from where oil is then loaded into tankers referring to Ankara's alleged cooperation with the Islamic State terrorist group for the purpose of "shadow" supplies of "black gold."
Every Western government and Washington’s Asian vassal states are totally under the control of private corporations and private interest groups. The corporations govern, and they are in the process of institutionalizing their governance with the Trans-Pacific and Trans-Atlantic Partnerships. The purpose of these “partnerships” is to make global corporations higher than the laws of the “sovereign” countries in which they do business.
Puerto Rico’s governor, Alejandro García Padilla, told the US Senate on Tuesday that the troubled Caribbean island has “no cash left” and can no longer repay its $72bn debts. The territory paid a $354m debt due on 1 December, but Padilla said austerity measures had not only eaten into essential services but caused tax revenues to crater. With more than $900m due in January, the governor said his options were restructuring or disaster.
The main enemy is the indigenous population who attempt to steal our resources that happen to be in their countries, concerned with vague and idealistic objectives such as human rights, raising of the living standards, and democratization; find it difficult to understand that their "function" is to "complement the industrial economies of the West." Unless stopped they may spread virus of independence, freedom, and concern for human welfare.
Philip Williams’ home was demolished in the spring by town officials while he spent six months recuperating from surgical complications in Fort Lauderdale. Hempstead, New York, officials deemed his modest two-story home unfit for habitation, knocked it down. Mortgage, property taxes were up to date.
IMF said that the yuan "met all existing criteria" to be included with the U.S. dollar, euro, Japanese yen and British pound as one of the currencies used for the global organization's Special Drawing Rights, which serves as a standard for dealing with the financial reserves of its 188 member governments.
History is full of examples that whenever societies reach unsustainable levels of resource consumption and allocation, they collapse. “Collapses of even advanced civilizations have occurred many times in the past five thousand years frequently followed by centuries of population and cultural decline and economic regression.”Western governments borrow money to pay interest on money they’ve already borrowed.
Paper gold sets the price of real gold, even though paper gold is being backed by less and less real gold. Half of the gold coming from mines may not be viable at current prices. Gold fell to a five-year low on Friday.
France is using the terror attack as the excuse now to shut down pre-paid debt cards. Terrorists can circumvent any restriction. It is like gun control. Criminal do not buy guns at a store. Like drugs, they are readily available on the streets. Regulations only impact honest people just like debt cads or whatever
Plummeting living standards have forced large numbers of young Greek women into prostitution. In the US escalating tuition costs, with 75% of the university budget spent on administration, rather than on faculty or student aid, lack of jobs available to graduates that pay enough to service the student loans. Loans were made to corrupt Greek governments who were paid bribes; proceeds often used for purchases from country from which the loan originated.
The federal government has decided that Americans don’t need to know what’s in their food. The U.S. Food and Drug Administration (FDA) said recently that it would not require labeling of genetically modified plants that have been approved for sale.
Russian Foreign Minister Sergei Lavrov announced Russia would suspend its visa-free regime with Turkey from January 1, 2016. "Some 69,000 [Turkish] citizens indicated ‘tourism’ as the purpose of their arrival [in Russia], about 31,000 arrived on business trips, whereas others came on personal visits.
Turkey's annual revenues from Russian tourists stood at $10 bln, Head of the Federal Agency for Tourism (Rostourism) Oleg Safonov, the country will "obviously not be receiving those funds anymore." Russia’s Su-24 warplane was downed by an air-to-air missile launched from a Turkish F-16 fighter jet.
Turkish president declaring his military will shoot down any new intruder. Russian Defense Ministry prepared to destroy any aerial target that may threaten its warplanes, announced severance of all military ties with Turkey. Russian Prime Minister Dmitry Medvedev ordered sanctions against Turkey, bans on products. Russia was biggest source of Turkish imports last year, worth $25 billion, largest destination for Turkish exports, mostly textiles and food, confiscation of large quantities of Turkish food imports.
Russian state hi-tech corporation Rostec CEO Sergey Chemezov announced Russia had signed a contract with China on the delivery of 24 Su-35 multifunctional fighter jets to China.
The U.S. government is working hard to ensure quicker processing of U.S. foreign arms sales, which surged 36 percent to $46.6 billion in fiscal 2015 and look set to remain strong in coming years; Vice Admiral Joe Rixey, Pentagon Defense Security Cooperation Agency.
A national association of state lawmakers has announced that it will investigate a burgeoning effort to let companies opt out of workers’ compensation insurance and write their own plans for how they’ll care for injured workers.
Russia’s largest tour operators are terminating their business with Turkey in response to the Kremlin's travel warning. Russian Foreign Minister Sergey Lavrov canceled his visit to Istanbul over the jet incident, recommended Russians not visit Turkey in the near future. Three million tourists from Russia visited the country last year, could cost Turkey $30 billion a year. Putin warned downing of the Russian warplane will have grave consequences for Russia’s relations with Turkey.
The massive rise came thanks to bumper profits from the Crown Estate, which owns 350,000 acres of land across Britain . It also owns a sprawl of London's plush West End including Regent Street, where rents have exploded since the financial crisis. 15% of those profits are handed to the Queen as a sovereign grant,up 19% in three years, part of the annual cost of the Royal family, at £334m." Dozens of people have been kicked out of Crown Estate homes after being told they would have to buy them at inflated prices .
Federal customs service said that customs officers gave the order of 100% screening of cargo from Turkey, and then to leave them at the warehouse of temporary storage.
Russia’s state-owned gas giant, Gazprom, has announced halting natural gas supply to Ukraine after Kiev failed to make upfront payments for more supplies.
Turkey’s decision to shoot down a Russian bomber involved in an anti-terror mission against the self-proclaimed Islamic State terrorist group means that Ankara has effectively sided with IS. Russian Foreign Minister Sergei Lavrov reiterated Turkey’s role in the terrorist group’s illegal oil trade.
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