Following China’s unwillingness to vote against Russia at the UN and yesterday’s news that China will sue Ukraine for $3bn loan repayment, it seems Russia is returning the favor. The Chief Economist of Russia’s largest bank stated that “China’s Yuan may become the third reserve currency in the in the future.”
Russia threatened to dump its U.S. treasuries if America imposed sanctions over Crimea. if Russia accepts payment for oil, gas in currency other than dollar, gold, Euro Ruble, Rupee, anything else U.S. petrodollar system collapses: main pillars of U.S. power is petrodollar, U.S desperate to maintain status.
Smoke over oil palm plantations mixed with industrial pollution, car exhaust fumes and ash. Communities evacuated people advised to stay indoors, transport disrupted, 50,000 treated for asthma, bronchitis, respiratory illnesses, schools closed. threatens food production, tourism, economy, climate change.
An anti-austerity demonstration that drew tens of thousands of people from across Spain to central Madrid has turned violent as protesters clashed with security forces. Police attacked the protesters, who hurled bottles and other objects, and beat them back with batons. Police vehicle and a bank were damaged.
Chicago Democrat who controls the Illinois House proposed a tax on millionaires Thursday to fund the state's financially strapped education system. Amendment to tack a 3 percent surcharge onto incomes over $1 million, which he said would raise $1 billion a year for elementary and secondary education.
Advertising Standards Authority (ASA) of South Africa ordered Monsanto to withdraw its ads on local radio in which the company boasts the benefits of GM crops, including a “healthier environment” and more food sustainably. According to the ASA, the claims made of genetically engineered crops are unsubstantiated.
Russians abroad attempting to use their Visa/Mastercard debit or credit cards transactions declined for retail purchases with cards issued through one of four Russian banks have been forced to find alternative means of payment. No notice was given by either company that cards would be declined.
Moscow natural gas supply deal with Chinat isclose after years of negotiations. Gazprom hopes to pump 38 billion cubic meters (bcm) of natural gas per year to China from 2018 via the first pipeline between the world's largest producer of conventional gas to the largest consumer.
The issues for debate are supply and pricing of gas from Russia and the payment for over $2bn of existing debt owed. Ukraine expects gas prices to rise 40% as Russian discounts fade.
As law enforcement agencies across the United States begin obtaining large armored vehicles, pockets of resistance forming among some communities concerned with the trend. Residents worried about potential police militarization, questioning the need to spend so much money on armored vehicles.
Vladimir Putin has mocked US sanctions imposed on Russia, saying he will open an account at US-sanctioned Rossiya Bank. During a meeting with the country's senior security officials he added that he won’t introduce a visa regime with Ukraine. Said he will get his salary via the sanctioned bank.
Agro-giant, Syngenta, halted commercial sales of a new GMO corn strain due to lack of approval. This corn was to be ready for planting the first time this year, but now without overseas importer’s OK including Japan, Mexico and South Korea, not approved for China or European Union.
Fast-food employees, supporters in U S held rallies in 30 cities Tuesday over “wage-theft” by McDonalds, other fast-food restaurants, demonstrated outside McDonald's in Boston, Chicago, Los Angeles, Miami to call attention to violations that deprive workers of money they're owed.
A senior western audit officer raised concerns US funds to pay Afghan police may be going to non-existent "ghost workers". US and Afghan officials blame each other for embezzlement, corruption. Afghan officials accuse US gives funds to the Taliban, say American helicopters delivered weapons to militants.
Press TV: A nationwide public transport strike has paralyzed several cities across Italy following unions’ failure to reach an agreement with the government over workers’ contracts. Unions are calling for an increase in wages and a reduction of working hours.
Jeffrey E. Thompson, a regional powerbroker and government contractor in Washington, DC, plead guilty to two felony charges in US District Court of the District of Columbia of conspiracy to subvert local and federal electoral financing laws .Spent more than $3.3 million to provide illegal cash for candidates.
Narrators tell employees in company video If a union came in, “chances are they would change our fast, fun and friendly culture, with their way of doing business.” “Management doesn’t have to agree to any union demand.” There are people you can talk to; Supervisors; “Human Resources”;“Employee Relations.
FBI: primary function no longer law enforcement but rather "national security. F.B.I. agents either ranked mortgage fraud as a low priority or did not rank it at all. Attorney General Eric H. Holder Jr:“In cities across the country, mortgage fraud crimes have reached crisis proportions.”
Haaretz; Israel’s 2014 military budget includes at least 10 billion shekels devoted to preparations for war with Iran, Haaretz newspaper reports. Israel may strike Tehran’s nuclear sites even without US help. "No one can replace the US as the world's policeman. I hope the US will come to its senses."
The United Nations says Israel has blocked humanitarian aid worth USD 110 million from reaching Palestinians living in the Gaza Strip. implementation of UN projects has not been renewed, though it was agreed upon with the Israeli authorities. Fifteen projects worth $14 million are currently on hold.
Israeli court ordered demolition of Palestinian homes, ruling the homeowners must pay for the costs of the destruction of their houses. Each of the homeowners must pay 20,000 Israeli Shekels ($6,000) to Israeli authorities for the demolition of their homes. Many Palestinians facing same threat.
Crimea has already received the first installment of financial aid from Russia, the republic’s first deputy prime minister said on Tuesday. He said that Crimea is expected to switch to the Russian national currency in early April.
The Boycott Israel movement is developing a smart-phone application that will allow followers to avoid Israeli products. database of warehousing product names and descriptions, the app will allow users to scan products to find out immediately whether they fall within the boycott’s guidelines.
France’s agriculture ministry temporarily banned sale, use,cultivation of Monsanto’s MON 810 genetically engineered (GE) corn, only varietyauthorized in the European Union (EU). French government, saya GE crops present environmental risks. Decision timed to block seasonal planting.
Larry Basich bought plan, Nevada Health Link insurance exchange payed premiums since November. No confirmation he had insurance. Nevada Health Link said he is enrolled, UnitedHealthcare said he wasn’t in their system, heart attack. $407,000 medical bills that no insurer is covering.
Moscow could ask Ukraine topay $20 bil, getting back deposits in the former USSR Savings Bank worth $80 billion. Under the “zero option”, Russia undertook to pay off all debt obligations of the USSR in exchange for the assets of the former member states.
Proposed rule change allow insurance companies to keep an additional two percent of premiums for purposes other than medical care, reduce amount insurance providers will be required to pay for people’s medical care while increasing the amount companies allowed to retain for profit, executive pay.
The intensifying conflict between Russia and the West over the US-backed, far-right coup in Ukraine is creating economic and political turmoil within Russia. The economy faces growing pressures as the Kremlin attempts to rally popular support and suppress opposition in its confrontation with the West.
A Manhattan investment banker died after an apparent suicide. Kenneth Bellando, former investment bank analyst at JPMorgan who worked at Levy Capital since January, found dead on the sidewalk outside his East Side building on March 12, after allegedly jumping from the sixth-story roof, police sources said.
Pentagon: US Navy Seals boarded and took control of an oil tanker on Monday that had loaded crude at a rebel-held port in eastern Libya and escaped to sea. Operation was approved by president Barack Obama and was conducted in the early hours of Monday in international waters south-east of Cyprus.
New York Post: A record $100 billion in withdrawals of Treasury bills is raising speculation that the Russian government is pulling their money out of the United States to avoid upcoming sanctions over Ukraine. The total amount of foreign-held US Treasury securities dropped to $2.86 trillion.
McCain described Russia as “a gas station masquerading as a country” in an interview with CNN, called for tough economic sanctions against Moscow. Obama: referendum “would never be recognized by the United States” and “we are prepared to impose additional costs on Russia.
Overall voter turnout in referendum on status of Crimea is 81,37%. Russian President Vladimir Putin said that the citizens of the peninsula have been given an opportunity to freely express their will and exercise their right to self-determination. Crimea will officially introduce the ruble as a second official currency.
Venice the capital of Italian region Veneto holding referendum to form an independent republic, say Rome draining region of its wealth through taxes, want out of the euro, EU, NATO. Begin paying taxes to local authorities instead of Rome. Italian government not happy. Inspired by Scotland and Catalonia.
The United States says it does not recognize the outcome of the referendum held in the Ukrainian region of Crimea and is preparing to impose retaliatory penalties against Russia if it annexes the strategic peninsula on the Black Sea.
Illinois doctor who had become notorious for overprescribing a powerful antipsychotic medication was paid to push the drug by its Israeli manufacturer, according government prosecutors who have settled the case out of court.
The financial world suffered another apparent suicide this week, as a New York City trader ended his life by throwing himself in front of an oncoming train. 47-year-old Edmund Reilly was struck by a Long Island Rail Road commuter train.
Ukraine’s interim prime minister says the country will likely sign a long-awaited political accord with the European Union next week. Arseniy Yatsenyuk made the announcement on Wednesday, after talks with US President Barack Obama at the White House.
Egypt has demolished 1,370 underground tunnels between the country and the besieged Gaza Strip. Palestinians use the underground tunnels to transfer essential supplies, including food and fuel into Gaza, which has been blockaded by Israel since 2007.
White House: President will direct the Labor Department to revamp its regulations to require overtime pay for several million additional fast-food managers, loan officers, computer technicians and others many businesses currently classify as “executive or professional” employees to avoid paying them overtime.
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