New activity/unrest was observed at 6 volcanoes from May 20 - 26, 2015. During the same period, ongoing activity was observed at 23 volcanoes. New activity: Calbuco, Chile | Concepcion, Nicaragua | Kilauea, Hawaiian Islands Reunion Island (France), Nicaragua,, Ecuador. Ongoing activity: Japan |Indonesia| Colima, Mexico, Russia, |Guatemala.
US government Centers for Disease Control taking millions of dollars in drug company money in recent years; The British Medical Journal. Researchers in America and around the world expressed shock, asked how the funding has been influencing CDC actions and decisions. “The CDC Foundation raised $52m in fiscal year 2014, $12m was from corporations.”
U.S. Treasury Secretary Jack Lew repeated warnings not to minimize the global stability risk of Greece sliding out of the euro zone, even if most of its debt is no longer held by commercial banks.
The Australian economy is well on the way to its first recession in almost a quarter of a century, according to data released yesterday on planned investment by business over the next year.
The West is growing ever more irritated at Ukraine as Kiev’s demands for money and assistance are becoming more insistent, Russian Permanent Representative at the European Union Vladimir Chizhov.
Russian Finance Minister Anton Siluanov stressed the importance of developing the economic basis for import substitution, added that Russia needed to develop an export-oriented import substitution policy to be able to sell more of its goods abroad.
Cloud 9, is a non-profit organization that has been helping the homeless. recently had the government show up at a charity event, demand they pay over $400 for a permit in order to continue their work. Being homeless and feeding the homeless – are now considered crimes in many U.S. cities.
“The Prime Minister of Ukraine has urged U.S. partners to actively use the investment opportunities offered by the privatization campaign in Ukraine, particularly in the energy sector,” statement posted on Ukraine’s governmental website. Yats met with U.S. Senator Dick Durbin recently to discuss economic reforms following an additional $1 billion pledge in official U.S. aid.
The international community functions best only when all its members, Russia included, sit together at one table working hand in hand and achieving good results. I hope that, sooner or later, we’ll see this happening;” IMF Managing Director Christine Lagarde.
America’s three biggest banks — JPMorgan Chase (JPM), Bank of America (BAC) and Wells Fargo (WFC) — made more than $1.1 billion on overdraft fees in the first three months of the year. Consumer Financial Protection Bureau is currently examining overdraft fees. Woodforest National Bank, First National Bank Texas both get more than 40% of their non-interest revenue from overdraft charges.
The Fed is not a government agency. It’s a private entity whose board of directors is made up of some big names in the banking industry and yes they are guaranteed a certain amount of dividends/interest.
The head of the International Monetary Fund (IMF) says Greece might exit from the eurozone, adding that the possible move will not negatively influence the euro, very unlikely that we'll reach a comprehensive solution in the coming days.
"The supply of oil continues to build," "all this oil needs to go somewhere," surge in super-tankers to a seven year high, millions of barrels being stored on ships.
China is boosting its influence in global gold markets by establishing its largest gold-investment fund led by Shanghai Gold Exchange (SGE), which is expected to raise about 100 billion yuan ($16.1 billion).
42 nurses’ licenses suspended for failure to repay their federal student loans, three in Chattanooga; Tennessee Department of Health’s monthly disciplinary action report. Two states (Montana and Iowa)revoke your license to drive indefinitely until student loan associations notify them of your compliance.
Prices rise well above cost of living increases. Developed countries have already picked the "low-hanging fruit" of technological advance, future innovations will produce far less growth. Corporatists, bureaucrats, officials and the financial elites have no interest to see ordinary citizens prosper. Perpetual growth is no longer tenable.
Russia’s central bank increased its gold holdings substantially in April, added 300,000 ounces to their stockpile of 40.1 million ounces. Russia’s reduction of its exposure to U.S. Treasury bills a symptom of its fear that state assets will be targeted next, also be part of the policy of de-dollarisation which Russia and China are pursuing.
TPP is a corporate/investor rights agreement, not a “trade” agreement. TPP elevates corporations and corporate profits to and above the level of governments, lets corporations sue governments for laws and regulations that cause them to be less profitable. This increases the power of corporations over governments – and us
Labor leaders, who were among the strongest supporters of . minimum wage increase approved last week by the Los Angeles City Council, advocating changes to the law that create an exemption for companies with unionized workforces. Federation of Labor: companies with workers represented by unions should have leeway to negotiate a wage below that mandated by the law.
China and Chile on Monday signed a host of cooperation deals including a multi-billion-U.S.-dollar currency swap pact as the two countries move to enhance their trade and financial ties. Business contracts and governmental accords in areas including politics, trade, finance, mining, agriculture, production capacity and science and technology.
Sophisticated criminals used an online service run by the IRS to access personal tax information from more than 100,000 taxpayers, part of an elaborate scheme to steal identities and claim fraudulent tax refunds, the IRS said Tuesday.
Germans are now rushing into gold. In search of a safe haven from a possible Greek debt default and the ultra-loose monetary policy of the European Central Bank. Germans have increased their purchases of gold by a20% in the first three months of 2015.
“Too big to jail” banks admitted criminal looting through market manipulation and collusion last week, will return a mere 33% of one quarter’s income without prison sentences (total “fine” of $5.7 billion from $15.5 billion 2015 1st-quarter combined incomes.
The world is sinking under too much debt, ageing global population means countries’ debt piles are in danger of growing out of control; European chief executive of Goldman Sachs Asset Management. “There is too much debt and this represents a risk to economies. Consequently, there is a clear need to generate growth to work that debt off but, as demographics change, new ways of thinking at a policy level are required.”
There are no free financial markets in America, or for that matter anywhere in the Western word, and few, if any, free markets of any other kind. The financial markets are rigged by the big banks, the Federal Reserve, and the Treasury in the interests of the profits of the few big banks and the dollar’s exchange value, which is the basis of US power.
Kazakhstan and China are close to concluding a joint agreement for the construction of almost 38 industrial enterprises, Kazakhstani President Nursultan Nazarbayev said in an interview aired by the Rossiya 24 television news channel on Tuesday. "We are about to sign a very big contract with China for the construction of about 38 enterprises," Kazakhstan’s head of state said.
Under Clinton's leadership, the State Department approved $165 billion worth of commercial arms sales to 20 nations whose governments have given money to the Clinton Foundation, according to an IBTimes analysis of State Department and foundation data.
U.S. national debt is only 18 trillion dollars, that is an amount of money that is almost incomprehensible. When this derivatives bubble finally bursts, there won’t be enough money in the entire world to bail everyone out.
Russian President Vladimir Putin spoke out against excluding foreign companies from the Russian government procurement program, saying the local market shouldn’t be deprived of competition.
Israel has begun talks with the US with the intention of increasing American aid to $4.5 billion in grant aid through 2028. Israel is the largest single recipient of US aid and it has been an essential part of Israel’s continuing existence.
Doris Tillman told The Los Angeles Times she was forced to stop paying for water after Los Angeles Department of Water and Power sent her a bill for $11,000. She assumed that the enormous bill must be a mistake. To survive, the 71-year-old woman hauls 50 gallons each week from a nearby water machine at a cost of 25 cents a gallon.
More than 2 million people have used credit cards to pay their mortgage or rent, an increase of almost 50% in a year, according to the housing and homelessness charity Shelter, warns homelessness hanging over them once they have exhausted the limited and expensive credit available to them.
Greek hospitals have run out of supplies such as painkillers, scissors and sheets as budget cuts have left the health service unable to provide even basic provisions for operations and medical procedures.
Los Angeles largest city in the country to move toward a $15 minimum wage. Seattle, San Francisco are other large regions to adopt that wage level. Democrats’ new bill to raise federal minimum wage to $12 per hour by 2020. Current federal minimum wage is $7.25 per hour, couldn’t support a single individual in U.S.
Talks between German Chancellor Angela Merkel, French President François Hollande and Greek Prime Minister Alexis Tsipras failed to produce a breakthrough regarding further loans in exchange for Athens agreeing to deeper austerity cuts. Last week several Syriza ministers warned Greece will not be able to make the June payments without external funding.
The Russian government has approved a draft agreement for a free trade zone between the Eurasian Economic Union (EEU) and Vietnam. The deal is supposed to double bilateral trade and see the EEU more involved in integration processes in the Asia-Pacific.
Greece will not be able to make next debt repayment to International Monetary Fund (IMF), as the country has no money to pay, the Interior Minister said. "The four installments for the IMF in June are 1.6 billion euros ($1.8 billion), this money will not be given and is not there to be given."
Republicans proposing to cut $150 billion from student aid in the recently passed budget bill, including freezing the Pell program that helps needy students acquire higher education.
The civil war-exhausted Eastern European nation has found itself in a complicated financial situation. Ukraine has accumulated a significant governmental and government-backed debt of $42.5 billion as of April 2015,
Prime Minister Tsipras may be ready to compromise but lawmakers from the party’s left wing warned they will not accept a deal that keeps the austerity policies which have devastated Greece’s economy. Some saying abandoning the euro the common currency used by 19 European nations would not be a catastrophe.
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