China and Russia plan to broaden their cooperation of the development of Russia’s Far East region, China’s Xinhua state-run news agency reported in a bid to dispel concerns over Sino-Russian ties amid the economic downturn.
The Russians have categorically refused to restructure the debt. The Ukrainians are now saying that if the Russians won’t restructure it, they will default on it.
The United Nations is posting a new environmental warning: the world is running out of time to prevent the gradual degradation of the world’s oceans and widespread destruction of marine life, delays in implementing solutions to problems identified as threatening to degrade the world’s oceans will lead, to greater environmental, social and economic costs.
So far the state has earned over $150 million from the 30% tax on pot. According to a 1992 amendment to Colorado’s constitution called the ‘Taxpayer Bill of Rights’ when the state earns more than they anticipated from a given industry, they have to return the difference, $50 million to the people.
According to the Obama administration, more than 94 million working age Americans are “not in the labor force”, and so they don’t count as being unemployed. Labor force participation rate stayed stuck at 62.6 percent, a 38-year low.
Democratic candidates Hillary Clinton and Bernie Sanders have called for raising the federal minimum wage, while the Obama administration has made much ado about a set of trivial changes to miscellaneous work rules that it claims will significantly benefit low-income workers.
The two countries have expanded cooperation in oil, gas, post services and other areas during the visit of President Putin to China.
Central banks of foreign countries resumed the withdrawal of their gold reserves from the US Federal Reserve, according to the last report by the Fed reserve. Amid the ongoing global crisis, trust in the US Federal Reserve is waning.
Global stock markets staged yet another selloff Tuesday following the release of negative economic data in the US and China and downbeat assessments of the global economy from officials at the Federal Reserve and International Monetary Fund.
Thousands of business people and major investors from Russia and the Asia-Pacific region will be taking part in the Eastern Economic Forum to be held in Russia’s Far Eastern city of Vladivostok from September 3-5.
Hedge funds are profiting off of struggling families in Baltimore by buying up debts as small as $250, charging high interest rates, and taking their homes when they fail to pay. Baltimore now has growing homeless population and vacant homes.
China has bungled its attempt to slow the economy gently and is sliding into “imminent recession”, threatening to take the world with it over coming months, Citigroup has warned.
With all the differences between Russia and China, the countries face common development targets, such as changing the structure of the economy to favor high-technology sectors, Vladimir Putin said in an interview to Chinese and Russian media.
Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries. This means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries of the former Soviet Union.
The Chinese are in the process of displacing the monopoly of the US dollar. They are dropping their US Treasury bonds, stockpiling gold reserves, and opening regional distribution banks for their own national currency. This will give them easier access to capital markets and insulate them from financial manipulation by Washington and Wall Street.
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