Investors from abroad have withdrawn $7.6 billion in assets this year, according to Bloomberg.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.
The size of the territory claimed by the French empire in the 19th and 20th centuries was second only to Britain. From North Africa to South-East Asia, the Middle East to the South Pacific, millions were subjugated, repressed and murdered as French rulers scrambled to secure resources and markets for manufactured goods and profitable investments.
The former chief financial officer of a California hospital and four other people charged in a series of health care kickback schemes that generated nearly $600 million in fraudulent billings for spinal surgeries, prosecutors said on Tuesday.
Russia's State Duma’s International Affairs Committee deputy head Leonid Kalashnikov following the downing of the Russian Su-24 warplane in Syria. "We should immediately freeze economic relations with Turkey, diplomatic ties may be halted as well.
New law expected to take effect in January, the State Department will block Americans with “seriously delinquent” tax debt from receiving new passports and will be allowed to rescind existing passports of people who fall into that category. The list of affected taxpayers will be compiled by the Internal Revenue Service using a threshold of $50,000 of unpaid federal taxes.
ISIS fighters hop back and forth over the Turkish border with impunity, there are “direct dealings between Turkish officials and ranking ISIS members”, and more than $800,000,000 worth of ISIS oil has been sold in Turkey.
The Islamic State terrorist group produces 40,000 - 50,000 barrels of oil per day; head of Russian Foreign Ministry’s department for new challenges and threats Ilya Rogachev. UN Security Council Resolution 2199 recognized that illegal oil trade is the main source of income for IS and obligated all States to decisively counteract it."
China has signed a contract to buy 24 Sukhoi Su-35 multipurpose fighter jets from Russia, becoming the first foreign buyer of the advanced warplane, according to manufacturer Rostec. The deal, estimated to be worth $2 billion, is a significant boost to Russia’s arms exports.
China said it cracked the nation’s biggest “underground bank,” which handled 410 billion yuan ($64 billion) of illegal foreign-exchange transactions, as the authorities try to combat corruption and rein in capital outflows that have hit records this year. More than 370 people have been arrested or face other punishment.
The US investment bank predicts the ruble will be on the list of good performing currencies next year along with the US dollar and the Mexican peso, Bloomberg reports. This week, the ruble has grown three percent.
All businesses around the world have some form of slave labour in their supply chains but companies can find ways to eradicate this abuse, says a senior official from Britain's biggest retailer, supermarket giant Tesco. United Nation's International Labour Organisation (ILO) estimates 21 million people globally are in forced labour, generating $US150 billion ($208.5 billion) in illegal profits in the farming, fishing, mining, construction and sex industries.
Average annual retail cost of certain specialty pharmaceuticals now exceeds the median U.S. household income. These drugs are used to treat complex diseases such as multiple sclerosis, cancer and rheumatoid arthritis.
Human Rights Watch: The United States should stop selling bombs to Saudi Arabia while the country is engaged in war on the neighboring Yemen; Saudi-led coalition’s indiscriminate air attacks that have killed hundreds of civilians in Yemen since March.
Center of Public Integrity and Global Integrity researchers delved into the problems of public corruption, transparency and accountability at the state level. Using a standard A-F grading system, the center assigned 47 state governments a grade D or lower. Only Alaska (C grade), California and Connecticut (both C-) came out acceptably in the grading. 11 states flunked the 2015 State Integrity Investigation because their state governments lack systems to prevent and expose corruption.
Iran said switch to national currencies in transactions between Moscow and Tehran may be completed very quickly. Iran's Deputy Trade Minister Mojtaba Khosrowtaj told Russian media the two countries could start to trade in their national currencies within the next 2-3 weeks.
Iran has approved a proposal by Russia to establish a bank for investments in joint economic projects, a deputy co-chair of the Russian-Iranian intergovernmental commission said on Wednesday. The bank will initially focus on investment in bilateral trade and other joint economic projects.
A Chinese state-owned company has signed a contract worth nearly $15 billion to finance and build two nuclear power plants in Argentina.
Between 1989 and 2010, U.S. attorneys seized an estimated $12.6 billion in asset forfeiture cases. The growth rate during that time averaged +19.4% annually. In 2010 alone, the value of assets seized grew by +52.8% by 2014,$4.5 billion for the year. According to the FBI, the total amount of goods stolen by criminals in 2014 burglary offenses $3.9 billion in property losses. This means that the police are now taking more assets than the criminals.
Stock prices for weapons manufacturers sharply increased just after the terrorist attacks in Paris last week. Europe, United States promised more military action in the Middle East. Billions of dollars to be made by the people who sell weapons and ammunition to countries at war.
Kevin Fanning, 59 Texas,I was paying for insurance I could not afford to use, dropped his policy. David R. Reines, 60, Jefferson Township, N.J.,“We have insurance, but can’t afford to use it. ”More than half the plans offered for sale through HealthCare.gov, the federal online marketplace, have a deductible of $3,000 or more. In Miami, median deductible, according to HealthCare.gov, is $5,000. In Jackson, Miss. the figure is $5,500. Anne Cornwell Chattanooga, Tenn. $10,000 deductible, income about $32,000 a year.
Some of the law’s biggest cheerleaders now admit the tsunami of higher monthly insurance premiums coupled with colossally higher deductions (which dramatically boost out-of-pocket expenses) are hurting Americans. Tennessee, state insurance commissioner approved a 36 percent rate increase. Minnesota, officials approved increases averaging 49 percent for Blue Cross and Blue Shield. Candidate Obama was promising his health reform plan would lower premiums by $2,500 a year.
In line with the growing 'buy domestic' trend which has swept Russia over the past two years, developers have created a home-grown suite of office applications designed as an alternative to popular Western products such as Microsoft Office; plans to capture one-fifth of the market in Brazil, Latin America, and Europe.
Putin: During the summit, “I provided examples based on our data on the financing of different Islamic State (IS, formerly ISIS/ISIL) units by private individuals. This money, as we have established, comes from 40 countries and, there are some of the G20 members among them.”"I’ve shown our colleagues photos taken from space and from aircraft which clearly demonstrate the scale of the illegal trade in oil and petroleum products." “The motorcade of refueling vehicles stretched for dozens of kilometers, so that from a height of 4,000 to 5,000 meters they stretch beyond the horizon."
Russia's common investment platforms with China, India, South Korea and the Gulf states have been important in attracting Asian investment into Russia, Putin said, citing the BRICS New Development Bank and the Asian Infrastructure Investment Bank as examples.
US-created ISIS destroys Russian civilian airliner. US sends F-15s to Turkey to engage Russian jets. Oil has dropped $80 a barrel as US attacks Russia’s main export, energy. US and its European allies have imposed sanctions against Russia. US sends new nuclear weapons to Germany. US keeps dropping ammunition to Syrian rebels to better engage the Russians. Putin has been demonized as an insane mass-murderer by the free and fair press of the West. So who is threatening whom?
The government is poised to pocket a record $51 billion profit from federal student loan borrowers this year, according to a report by the Congressional Budget Office. "Exxon Mobil Corp., reported $44.9 billion in net income last year. Apple Inc. recorded $41.7 billion profit in 2012, JPMorgan Chase, Bank of America, Citigroup and Wells Fargo reported a combined $51.9 billion in profit last year."
There are 281 marijuana businesses in the state, Starbucks have 248 and McDonald’s. have 205 locations.
Since Richard Nixon declared a war on drugs in June 1971, the cost of that “war” had soared to over $1 trillion by 2010. Over $51 billion is spent annually to fight the drug war in the United States.
According to Russian Energy Minister Aleksandr Novak, Iran asked Russia for a loan of $5 billion for infrastructure projects, mostly likely electrical power generation and the development of railways. The loan is expected to boost trade between the two countries.
The real economy on the ground level is hurting badly. The numbers for commodities, global shipping and trade are all down so far that they indicate a major recession or worse, and the likelihood that darker times are still ahead. Never before in history has global trade collapsed this dramatically outside of a major worldwide recession.
Chinese cement manufacturer will default on a 2 billion yuan ($314 million, £207 million) domestic bond on Thursday, as cracks begin to show in the country’s mountain of corporate debt. Sixth Chinese company to fail to pay back domestic creditors this year
Russia said on Wednesday that it has prepared a series of agreements to promote cooperation with Iran in various areas, will concern animal husbandry, agriculture, mining, banking, and visa and customs regulations among other areas. Oil, gas and petrochemicals as well as construction of power plants and railways are some of the other areas reserved for discussion.
"Potential buyers can see how Russian military equipment works not at arms shows, but in real life. In 2014, Russia arms exports reached $15 billion. Russian Prime Minister Dmitry Medvedev said Russia intended to increase its arms exports.
Fox’s Neil Cavuto, asked if the billionaire businessman was supportive of a $15-an-hour minimum wage. “I can't be, Neil,” said Trump, who, after mentioning his “tremendous” tax plan, added, “wages are too high.” The partisan audience burst into applause.
The small town of Crickhowell in Wales is using the same loopholes as corporate giants like Amazon and Starbucks to turn their entire town into an offshore haven. The tax rebellion could spread throughout the entire UK.
San Francisco start up Momentum Machines are out to fully automate the production of burgers with the aim of replacing a human fast food worker. The machine can shape burgers from ground meat, grill them to order with the specified amount of char, toast buns, add tomatoes, onions, pickles, place it on a conveyor belt and deposit the completed burger into a bag.
Offering a "clear sign that an energy transition is underway," renewable energy comprised nearly half of the world's power generation capacity in 2014 and is already the second-largest electricity source on the planet after coal, according to a new report published Tuesday by the International Energy Agency (IEA).
Republican Sen. Tom Cotton linked the downfall of nearly two dozen counties in Arkansas to the climb in Social Security Disability Insurance. "Population continues to fall, and a downward spiral kicks in, driving once thriving communities into decline,"communities could begin to suffer other social plagues, such as heroin or meth addiction and associated crime. Businesses are forced out when employers struggle to find workers who have accepted disability payments. "It's bad for the communities affected, and it's worse for the disability recipients.
Three Jewish men, two of them Israeli citizens, are among those charged with hacking the website of JPMorgan Chase & Co. and stealing hundreds of millions of dollars.
Gary, Indiana, political leaders are courting GEO Group to have the private prison company build a detention camp for undocumented immigrants, touted as a job-creator and a source of revenue. Mayor Karen Freeman-Wilson estimated the facility would generate $1 million in annual property taxes. “I can use that,” she noted. Councilwoman Linda Barnes-Caldwell:“I think it is a wonderful idea. It will bring revenue to the city and jobs. And I think it is an ideal location. GEO has faced hundred of lawsuits over conditions within its facilities.
China took another step to boost the yuan’s global usage, saying it will start direct trading with the Swiss franc, as the nation pushes its case for reserve-currency status at the International Monetary Fund, making the franc the seventh major currency that can bypass a conversion into the U.S. dollar and be directly exchanged for yuan
European Commission is preparing to target people who hyperlink on the internet, forcing search engines and news portals to pay media companies for linking to their content; considering putting the simple act of linking to content under copyright protection. Each weblink would become a legal landmine, hold every single actor on the Internet liable.
Former president Jimmy Carter said Tuesday on the nationally syndicated radio show the Thom Hartmann Program that the United States is now an “oligarchy” in which “unlimited political bribery” has created “a complete subversion of our political system as a payoff to major contributors.” Both Democrats and Republicans, Carter said, “look upon this unlimited money as a great benefit to themselves.”
Portugal on the brink of a political crisis as Costa’s Socialists move to align with the Communists and the Left Bloc in an effort to overthrow the government and roll back austerity, presaging a debt showdown with Brussels and Berlin. Catalonia’s parliament approved a resolution Monday to take steps to establish an independent republic, vowing it would begin ignoring Spanish institutions and setting up a potential standoff with the government in Madrid.
Americans owe $1.2 trillion in student loan debt, a number that has tripled in the last decade. New York State residents hold $60 billion of that debt. Student loans have passed credit cards and auto loans to become the second biggest source of personal debt in the U.S., trailing only mortgages.
The New Zealand Ministry of Foreign Affairs has released the full text of the ubiquitous Trans Pacific Trade Partnership deal. It would affect your Internet privacy, your ability to choose whether or not to eat GM food, and could even force multiple countries’ citizens to lose their rights for free speech or a fair trial for commodities traded between corporations.
LOS ANGELES (AP) — A fundraiser in aid of the Israeli army brought in $31 million in one night on Thursday, as some 1,200 people turned out for an annual Friends of the Israel Defense Forces (FIDF) gala in California.
The Center for Biological Diversity, the Center for Environmental Health, El Quinto Sol de America, Californians for Pesticide Reform, the Center for Food Safety and the Pesticide Action Network released a report earlier this week that claims that more than half of the glyphosate sprayed in California is applied to the state’s 8 most impoverished counties.
Maersk Line, the shipping branch of the Danish conglomerate A.P. Moller-Maersk, says it will reduce its network capacity, postpone investments and reduce its global headcount by at least 4,000 jobs by the end of 2017 in light of lower demand. Maersk Line has 23,000 land-based workers globally.
Federal loan bonds denominated in Chinese yuan will be issued on the Moscow Exchange in 2016, the director of the debt department of the Russian Finance Ministry Konstantin Vyshkovsky said Friday. The $1 billion is only the minimum amount, according to the ministry.
Whole Foods is hoping to lure consumers to its stores that may have eschewed its products due to high prices. The company says it will start offering deep discounts on produce, meat, seafood and other items in an attempt to recover from a number of financial hits it suffered this year.
The European Union is set to issue guidelines for labeling Israeli products made in the occupied territories. Israel is trying hard to convince the E-U not to go ahead with its plan, describing it as a boycott against Tel Aviv. Israel’s deputy foreign minister is on tour to Spain, France, and Germany this week in an effort to make the bloc change its mind.
The national debt surged by $339.1 billion on Tuesday, increasing the total amount to $18.5 trillion, largest daily increase in its history according to data by US Treasury Department, one day after President Barack Obama signed a two-year budget deal.
Sierra Club predicted—the TPP would threaten the health of communities, the environment, and global climate. rewriting the rules of the global economy is favor of big business. Like the North American Free Trade Agreement (NAFTA)it will be very good for the very richest, and a disaster for everything and everyone else.
As the weaker ruble created a price advantage for some industries, export volumes started to rise, in turn generating investment in certain sectors. Russia has increased exports to countries outside the CIS in mining, chemical, and machine-building sectors.
Eli Lilly, makes one of the world's most controversial growth-promoting chemicals for meat production: ractopamine, marketed as Optaflexx for cattle, Paylean for pigs, and Topmax for turkeys. Ractopamine makes animals rapidly put on lean weight—but it also mimics stress hormones and makes their hearts beat faster.
The mayor called homelessness in Seattle a human tragedy “seldom seen in the history of our city,” while King County Executive Dow Constantine said the situation countywide has become “just as devastating to thousands as flood or fire.”
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