Pages: 1 ... 4 5 6 7 9 11 12 13 14 ... 54

As Planet Warms, Oceans Face Threatening Changes Unseen in 3 Million Years

June 2nd, 2015
Categories: Economic

Link: http://www.commondreams.org/news/2015/06/02/planet-warms-oceans-face-threatening-changes-unseen-3-million-years

Continued warming of oceans may trigger disruptions to marine life not seen in 3 million years; journal: Nature Climate Change. Among the changes: extinction of ocean's keystone species, widespread influx of invasive plants and animals particularly in "temperate and polar biomes." May reorganize marine diversity over large regions, ultimately impact humans, food web may become uncoupled."

Seniors losing homes to foreclosure - Video

June 2nd, 2015
Categories: Economic

Link: http://patriotrising.com/2015/06/02/seniors-losing-homes-to-foreclosure/

Millions straining to make house payments. 30 percent of homeowners 65 and older (6.5 million people) were paying a mortgage in 2013, up from 22 percent in 2001. People 75 and older carrying home loans jumped from 8 percent in 2001 to 21 percent in 2011. Among homeowners 50 and older, foreclosure rates highest for those 75 and up.

Wayne Co. may ask taxpayers to shore up pension fund

June 2nd, 2015
Categories: Economic

Link: http://www.freep.com/story/news/local/michigan/wayne/2015/06/02/wayne-county-weighs-tax-hike/28352835/

Several Wayne County Commissioners pushed against a plan to levy a one-time property tax assessment as part of residents' summer tax bills to cover $49 million owed to employee retirement system. Wayne County Executive Warren Evans: county has $52-million structural deficit, "grossly" underfunded pension system, could run out of money next year.

A THIRD OF TODAY’S CAR BUYERS ARE LOCKING THEMSELVES INTO LOANS THAT RUN UNTIL AT LEAST 2021

June 2nd, 2015
Categories: Economic

Link: http://investmentwatchblog.com/a-third-of-todays-car-buyers-are-locking-themselves-into-loans-that-run-until-at-least-2021/

Factory orders declined eight of the last nine months. Consumer goods-related equipment fell by varying amounts. Business inventories remain at near-record high levels. Money borrowed and spent today comes at the expense of spending that might otherwise have happened tomorrow. Auto industry’s strength, driven by long-term subprime lending, is actually a sign of weakness. These days even superficially good numbers are bad.

Greece Faces Moment Of Truth: Troika To Present Final Offer On Wednesday

June 2nd, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-06-02/greece-faces-moment-truth-troika-present-final-offer-wednesday

Tsipras, who vowed not to surrender to more austerity, tried to pre-empt a take-it-or-leave-it offer by the creditors, sending what he called a comprehensive reform proposal to Brussels. Greek government official said Athens would make a 300 million euro repayment to the IMF Friday if there was an agreement with the creditors, hinting it might otherwise withhold the money without saying so explicitly.

Turnover between Russia and Slovakia down 40% in 3 months — Slovak PM

June 2nd, 2015
Categories: Economic

Link: http://tass.ru/en/economy/798221

Prime Minister of Slovakia Robert Fico: Russia and Slovakia should make an effort to enhance economic cooperation, past three months turnover between the two countries fell by 40%, need to overcome the negative factors in our trade and economic relations.

Medvedev promises symmetrical response if new anti-Russian sanctions are introduced

June 2nd, 2015
Categories: Economic

Link: http://rt.com/politics/264277-russia-sanctions-reciprocity-symmetrical/

The Russian prime minister has warned EU officials that if they decide to tighten the regime of sanctions aimed against Russia, an equivalent reply would follow inevitably. Moscow might lift the embargo on foodstuffs from certain foreign countries if West lifts its anti-Russia sanctions.

China & South Korea to lift tariffs on 90% of products

June 1st, 2015
Categories: Economic

Link: http://english.cntv.cn/2015/06/01/VIDE1433139842157327.shtml

Bilateral FTA covers 17 sectors, including e-commerce, government procurement, will remove tariffs on 90 percent of all products traded between China and South Korea. South Korea has surpassed Japan as a bigger trading partner for China.

Maduro rules out dollarizing Venezuela’s economy

June 1st, 2015
Categories: Economic

Link: http://www.stabroeknews.com/2015/news/regional/05/28/maduro-rules-out-dollarizing-venezuelas-economy/

Maduro: “In Venezuela, there has not been nor will there be dollarization. Our currency, proudly, is and will forever be the bolivar.” Inflation last year was 68 percent, economists predicting three-digit price rises this year.

The War on Cash: Your Deposit at the Bank Can be Converted to Equity If a Crisis Hits

June 1st, 2015
Categories: Economic

Link: http://www.blacklistednews.com/The_War_on_Cash%3A_Your_Deposit_at_the_Bank_Can_be_Converted_to_Equity_If_a_Crisis_Hits/44270/0/38/38/Y/M.html

The financial system is predominantly comprised of digital money. Actual physical Dollars bills and coins amount to $1.36 trillion, a little over 10% of the $10 trillion sitting in bank accounts; a tiny fraction of the $20 trillion in stocks, $38 trillion in bonds and $58 trillion in credit instruments floating in the system. If a significant percentage of people moved their money into physical cash, it could quickly become a systemic problem.

Greek Default, Deposit Blocks, New Government "May Be Necessary" To End Impasse, Goldman Says

June 1st, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-06-01/greek-default-deposit-blocks-new-government-may-be-necessary-end-impasse-goldman-say

Euro exit is a political decision. the Greek authorities could decide to exit in a unilateral manner. But the current Greek government has no mandate to do so. There is no process for Euro exit defined in the governing European treaties; the practical and legal challenges could not be resolved overnight.

Warning: Stocks Will Collapse by 50%

May 31st, 2015
Categories: News, Economic

Link: http://www.newsmax.com/Finance/MKTNews/Stock-Collapse-Crash-Alert/2014/09/23/id/596321/

It is only a matter of time before the stock market plunges by 50% or more, according to several reputable experts. “We have no right to be surprised by a severe and imminent stock market crash,” explains Mark Spitznagel, a hedge fund manager who is notorious for his hugely profitable billion-dollar bet on the 2008 crisis. “In fact, we must absolutely expect it."

Banks closing along the Mexican border

May 31st, 2015
Categories: Economic

Link: http://investmentwatchblog.com/banks-closing-along-the-mexican-border/

As more money continues to flow into the pockets of Mexican drug cartels, traffickers need to maintain a solid network of places—often along the southwest border—where they can launder drug money. However, in an attempt to stymie these efforts, several major US banks have been closing numerous branches in the region and shutting down hundreds of customer accounts.

Sunday Deal Deadline Dies As Greece Prepares Desperate "Draft" Plan

May 31st, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-05-31/sunday-deal-deadline-dies-greece-prepares-desperate-draft-plan

Government officials attending an emergency summit under Prime Minister Alexis Tsipras on Saturday prepared a draft agreement as Greek sources cited by the Athens-Macedonia News Agency indicated that negotiators in Brussels were close to a deal on value added tax, curbing early retirements and the gradual merging of pension funds.

G7 Leaders Scramble for 11th Hour Greece Bailout Package

May 30th, 2015
Categories: Economic

Link: http://investmentwatchblog.com/g7-leaders-scramble-for-11th-hour-greece-bailout-package/

Greek officials hope an agreement with lenders can be reached by Sunday. If no deal is reached, then Greece left with no option but to default on its debt next week. The risk is that Greece is the first domino to fall in a cascading sovereign debt crisis that spreads from one country to another. Portugal, Italy, and Spain are larger dominos that could potentially fall.

US economy contracted in first quarter

May 30th, 2015
Categories: Economic

Link: http://www.wsws.org/en/articles/2015/05/30/usec-m30.html

The slump is expected to continue throughthis year, since the start of the 2008 financial crisis, the US economy remains mired in stagnation and slump.

Are All Central Bankers Idiots?

May 30th, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-05-30/are-all-central-bankers-idiots

You can’t build a solid economy on the jelly of unaffordable housing, unpayable debts, and unsustainable asset prices. But that’s what we’ve got. Credit cannot increase faster than income forever. It is mathematically, economically, and financially impossible.

Cashless Control Grid: 25% of Australians Would Get a Chip Implanted in Them to Pay for Stuff

May 30th, 2015
Categories: Economic

Link: http://www.thedailysheeple.com/25-of-australians-would-totally-get-a-chip-implanted-in-them-to-pay-for-stuff_052015

Research by credit card company Visa and the University of Technology Sydney found Australians are open to the prospect of paying for items using wearable tech including smart watches, rings, glasses and even a connected car. 25% say they are“slightly interested” having a chip implanted in their skin that could be used for payments.

Bank of America fined $30M by US for debt collection

May 30th, 2015
Categories: Economic

Link: http://www.democraticunderground.com/10141105367

Bank of America has been fined $30 million by U.S. regulators, who accused the bank of violating consumer protections for members of the military in collecting debts. Regulators say the bank violated the law protecting service members by taking improper legal action against military customers for delinquent credit card accounts and overdrafts.

Russia Must Be Reborn as Major Industrial Power – Deputy PM

May 30th, 2015
Categories: Economic

Link: http://sputniknews.com/business/20150530/1022753911.html

Russian Deputy Prime Minister Dmitri Rogozin has stated that Russia's future depends on its rebirth as a major industrial power, noting that Russian manufacturers must recapture the domestic market, and that reindustrialization is necessary in order to put the country back on a 'sovereign national footing'.

​Islamic banking in Russia may ease effect of sanctions – head of Sberbank

May 30th, 2015
Categories: Economic

Link: http://rt.com/business/263497-islamic-banking-ease-sanctions/

Herman Gref, the head of Russia’s largest bank Sberbank, welcomed the introduction of Islamic banking in the country’s traditionally Muslim regions, saying it would help attract capital from Arab countries.

Post Chavez Venezuela: World’s Highest Inflation Rate Year To Date 500% Increase

May 30th, 2015
Categories: Economic

Link: http://govtslaves.info/post-chavez-venezuela-worlds-highest-inflation-rate-year-to-date-500-increase/

Venezuela has not always experienced punishing inflation rates. 1950 through 1979, Venezuela’s average annual inflation rate remained in the single digits. It was the 1980s that Venezuela witnessed a double-digit average the 1990s that Venezuela’s average inflation rate exceeded that of the Latin American region. Second-highest rate: Syria’s, which stands at 84%.

U.S. Households Under Pressure: Stagnant Incomes, Rising Basic Expenses

May 30th, 2015
Categories: Economic

Link: http://charleshughsmith.blogspot.mx/2015/05/us-households-under-pressure-stagnant.html

Stagnant incomes, rising expenses, crashing employment. Labor that generate hefty profits increasingly scarce. Most big profits generated by financial gaming of debt and leverage, not labor. The few areas of labor that generate hefty profits in protected fiefdoms of state-enforced cartels, financial services or software, machinery that replaces costly human labor.

US set to boost military aid to Israel amid fears over Iran diplomacy

May 29th, 2015
Categories: Economic

Link: http://rinf.com/alt-news/usa-news/us-set-boost-military-aid-israel-amid-fears-iran-diplomacy/

Current $3 billion annual military aid package set to expire in 2017, US and Israeli officials are discussing a new 10-year deal that could be worth up to $45 billion. Netanyahu refused to say how much Israel was requesting from the United States.

Russia offers to discuss BRICS prototype of SWIFT global system

May 29th, 2015
Categories: Economic

Link: http://rt.com/business/263161-russia-brics-swift-prototype/

The Central Bank of Russia (CBR) has proposed a discussion about establishing an analogue to the SWIFT global network for transmission of financial information that processes $6 trillion worth of communiqués daily.

Active volcanoes in the world: May 20 - 26, 2015

May 29th, 2015
Categories: Economic

Link: http://thewatchers.adorraeli.com/2015/05/28/active-volcanoes-in-the-world-may-20-26-2015/

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.

Experts shocked to learn that the CDC is taking millions in funding from pharmaceutical companies

May 29th, 2015
Categories: Economic

Link: http://investmentwatchblog.com/experts-shocked-to-learn-that-the-cdc-is-taking-millions-in-funding-from-pharmaceutical-companies/

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. warns G7 of global economy 'accident' without Greece deal

May 29th, 2015
Categories: Economic

Link: http://www.reuters.com/article/2015/05/29/us-eurozone-greece-idUSKBN0OE1R620150529

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.

Australian economy heading for recession

May 29th, 2015
Categories: Economic

Link: http://www.wsws.org/en/articles/2015/05/29/aust-m29.html

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.

West growing irritated at Ukrainian authorities — Russian EU ambassador

May 29th, 2015
Categories: Economic

Link: http://tass.ru/en/world/797683

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.

Investors Returning to Russia as Economy Far From Being 'Tattered'

May 29th, 2015
Categories: Economic

Link: http://sputniknews.com/business/20150529/1022727908.html

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.

Want to Feed the Homeless? That Will Be $400, Please - Video

May 29th, 2015
Categories: Economic

Link: http://www.thedailysheeple.com/want-to-feed-the-homeless-that-will-be-400-please_052015

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.

Yats To Washington: Please Buy Ukraine

May 29th, 2015
Categories: Economic

Link: http://wakeupfromyourslumber.com/yats-to-washington-please-buy-ukraine/

“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.

IMF Chief Wants Russia Back in G8

May 28th, 2015
Categories: Economic

Link: http://sputniknews.com/europe/20150528/1022651359.html

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.

Overdraft Fees Top $1 Billion In 3 Months At Big 3 Banks

May 28th, 2015
Categories: Economic

Link: http://govtslaves.info/overdraft-fees-top-1-billion-in-3-months-at-big-3-banks/

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.

Who Owns the Federal Reserve? They are guaranteed 6% per year dividends. How can a government entity get dividends from itself? - Video

May 28th, 2015
Categories: Economic

Link: http://investmentwatchblog.com/who-owns-the-federal-reserve-they-are-guaranteed-6-per-year-dividends-how-can-a-government-entity-get-dividends-from-itself/

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.

Greek exit from eurozone possible: IMF

May 28th, 2015
Categories: Economic

Link: http://www.presstv.com/Detail/2015/05/28/413306/IMF-greece-Lagarde-Stathakis

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.

Super-Tanker Surge Signals More Crude Carnage To Come

May 28th, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-05-28/super-tanker-surge-signals-more-crude-carnage-come

"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.

Power of Gold: China Establishes Its Largest Gold-Investment Fund

May 28th, 2015
Categories: Economic

Link: http://sputniknews.com/asia/20150528/1022671116.html

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).

“Your Money or your License!” New laws revoke licenses over student default

May 28th, 2015
Categories: Economic

Link: http://wakeupfromyourslumber.com/your-money-or-your-license-new-laws-revoke-licenses-over-student-default/

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.

Economic Growth Is Impossible

May 27th, 2015
Categories: Economic

Link: http://www.batr.org/negotium/052715.html

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.

‘De-dollarisation’ continues across Asia, Gold offers protection from growing risks today.

May 27th, 2015
Categories: Economic

Link: http://investmentwatchblog.com/de-dollarisation-continues-across-asia-gold-offers-protection-from-growing-risks-today/

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.

Stop Calling the TPP A Trade Agreement – It Isn’t

May 27th, 2015
Categories: Economic

Link: http://wakeupfromyourslumber.com/stop-calling-the-tpp-a-trade-agreement-it-isnt/

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

L.A. labor leaders seek minimum wage exemption for firms with union workers

May 27th, 2015
Categories: Economic

Link: http://www.democraticunderground.com/10141103637

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, Chile ink multi-billion-USD currency swap deal amid closer financial ties

May 27th, 2015
Categories: Economic

Link: http://news.xinhuanet.com/english/2015-05/26/c_134269250.htm

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.

APNewsBreak: IRS says thieves stole tax info from 100,000 -Video

May 27th, 2015
Categories: Economic

Link: http://hosted.ap.org/dynamic/stories/U/US_IRS_BREACH?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2015-05-26-22-28-27

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.

Germany joins China and Russia’s flight to gold

May 27th, 2015
Categories: Economic

Link: http://www.hangthebankers.com/germany-joins-china-russia-flight-to-gold/

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.

Banksters admit rigging markets since 2007, ‘fined’ 33% of 1 quarter’s income while looting tens of trillions tax-free - Video

May 27th, 2015
Categories: Economic

Link: http://www.washingtonsblog.com/2015/05/banksters-admit-rigging-markets-since-2007-fined-33-of-1-quarters-income-while-looting-tens-of-trillions-tax-free.html

“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.

WORLD DROWNING IN DEBT, WARNS GOLDMAN; ECONOMIST WARNS OF PRIVATE PENSION FUND SEIZURES; HSBC FEARS WORLD RECESSION WITH NO LIFEBOATS LEFT…

May 26th, 2015
Categories: Economic

Link: http://investmentwatchblog.com/world-drowning-in-debt-warns-goldman-economist-warns-of-private-pension-fund-seizures-hsbc-fears-world-recession-with-no-lifeboats-left/

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.”

Free Financial Markets Are A Hoax — Paul Craig Roberts

May 26th, 2015
Categories: Economic

Link: http://rinf.com/alt-news/editorials/free-financial-markets-hoax-paul-craig-roberts/

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 ready to strike deal on construction of almost 40 enterprises

May 26th, 2015
Categories: Economic

Link: http://tass.ru/en/world/796916

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.

Hillary Clinton's State Department Approved $165 Billion In Arms Deals To Clinton Foundation Donors

May 26th, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-05-26/hillary-clintons-state-department-approved-165-billion-arms-deals-clinton-foundation

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.

Is the 505 Trillion Dollar Interest Rate Derivatives Bubble in Imminent Jeopardy?

May 26th, 2015
Categories: Economic

Link: http://www.thedailysheeple.com/is-the-505-trillion-dollar-interest-rate-derivatives-bubble-in-imminent-jeopardy_052015

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.

‘Dangerous’ to completely cancel foreign products – Putin

May 26th, 2015
Categories: Economic

Link: http://rt.com/business/262073-putin-import-substitution-balance/

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 Seeking to Increase U.S. Aid to $4.5B

May 26th, 2015
Categories: Economic

Link: http://www.democraticunderground.com/10141103320

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.

71-year-old Los Angeles widow loses running water over $11,000 bill, survives by toting 50 gallons a week- Video

May 25th, 2015
Categories: Economic

Link: http://www.rawstory.com/2015/05/71-year-old-los-angeles-widow-loses-running-water-over-11000-bill-survives-by-toting-50-gallons-a-week/

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.

Credit cards used to pay mortgage or rent by 2 million people

May 25th, 2015
Categories: Economic

Link: http://govtslaves.info/credit-cards-used-to-pay-mortgage-or-rent-by-2-million-people/

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 cannot afford painkillers, scissors or sheets as budget cuts bite

May 25th, 2015
Categories: Economic

Link: http://www.independent.co.uk/news/world/europe/greek-hospitals-cannot-afford-painkillers-scissors-or-sheets-as-budget-cuts-bite-10271819.html

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.

Success! Los Angeles Votes to Raise Minimum Wage to $15

May 25th, 2015
Categories: Economic

Link: http://www.truth-out.org/news/item/30965-success-l-a-votes-to-raise-minimum-wage-to-15

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.

Riga talks fail to produce Greek loan deal

May 25th, 2015
Categories: Economic

Link: http://www.wsws.org/en/articles/2015/05/25/gree-m25.html

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.

Russia OKs draft deal on free trade between Eurasian Economic Union, Vietnam

May 25th, 2015
Categories: Economic

Link: http://rt.com/business/261725-eurasia-economic-union-vietnam/

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.

'Can't Pay, Won't Pay': Greece has no money to make IMF payment, interior minister says

May 24th, 2015
Categories: Economic

Link: http://rt.com/business/261605-greece-imf-debt-payment/

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."

Graduating Class of 2015 Most Debt Burdened in History. 43 million people are carrying $1.3 trillion in student debt.Graduating Class of 2015 Most Debt Burdened in History. 43 million people are carrying $1.3 trillion in student debt.

May 24th, 2015
Categories: Economic

Link: http://refreshingnews99.blogspot.in/2015/05/graduating-class-of-2015-most-debt.html

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.

As Ukraine's Debt Approaches GDP, Is Default Inevitable?

May 24th, 2015
Categories: Economic

Link: http://sputniknews.com/europe/20150524/1022516993.html

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,

Greece ‘ready to do economic deal’, but won’t be humiliated: Tsipras

May 24th, 2015
Categories: Economic

Link: http://wakeupfromyourslumber.com/greece-ready-to-do-economic-deal-but-wont-be-humiliated-tsipras/

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.

Jim Willie: There are Plans on the Books for the Replacement of the Dollar

May 23rd, 2015
Categories: News, Economic, Police State

Link: http://www.gramsgold.com/news/jim-willie-there-are-plans-on-the-books-for-the-replacement-of-the-dollar

In an interview on May 21, 2015 with Turd Ferguson of TF Metals, Jim Willie says,”We are not just in the end time. We’re rounding the bend.

Hedge funds buy swathes of foreclosed subprimes, force up rents, float rent-bonds

May 23rd, 2015
Categories: Economic

Link: http://www.blacklistednews.com/Hedge_funds_buy_swathes_of_foreclosed_subprimes%2C_force_up_rents%2C_float_rent-bonds/44116/0/38/38/Y/M.html

Wall Street investors bought more than 200,000 foreclosed houses in past two years, bundling together the rents they generate into bonds just like subprime mortgage bonds, jacks up rent by a third, immediately begins eviction proceedings against renters who can't pay.

The US fears that Beijing & Moscow could work together to introduce a new Gold standard

May 23rd, 2015
Categories: Economic

Link: http://investmentwatchblog.com/the-us-fears-that-beijing-moscow-could-work-together-to-introduce-a-new-gold-standard/

China is planning to introduce the gold fixing reference price in yuan. China is the world’s largest gold producer and is, logically, interested in the possibility to influence the determination of the gold price.

OECD report: Global social inequality hits new record

May 23rd, 2015
Categories: Economic

Link: http://www.wsws.org/en/articles/2015/05/23/econ-m23.html

Income inequality in many developed countries has reached an all-time high, report released Thursday by the Organization for Economic Co-operation and Development, growth of social inequality accompanied by the growth of part-time and contingent labor, particularly for younger workers.

ObamaFail: Affordable Insurance Rates Set To Skyrocket 50%… Again

May 23rd, 2015
Categories: Economic

Link: http://www.activistpost.com/2015/05/obamafail-affordable-insurance-rates.html

Americans saw an immediate jump in their monthly health insurance premiums – up to a quadrupling for some families. Insurers in some states proposing rate boosts for plans sold under the federal health law: New Mexico, Health Care Service Corp. 51.6%, BlueCross BlueShield of Tennessee, 36.3% increase. CareFirst BlueCross BlueShield wants to raise rates 30.4% across its products.

Japan Announces $110 Bln for New Challenger to China's AIIB

May 23rd, 2015
Categories: Economic

Link: http://www.blacklistednews.com/Japan_Announces_%24110_Bln_for_New_Challenger_to_China%27s_AIIB/44107/0/38/38/Y/M.html

Japanese Prime Minister Shinzo Abe unveiled a new plan to create an infrastructure finance bank on Thursday, following recent announcements from China about the institution of the Beijing-based Asian Infrastructure Investment Bank, and the BRICS New Development Bank.

Time To Get Real About China

May 23rd, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-05-22/time-get-real-about-china

Chinese leadership appears to be trying to gain more control over the country’s economic system, while at the same time (re-)boosting the growth it has lost in recent years. A free market, in whatever shape and form, does not rhyme with the kind of control which the Communist Party has been used to for decades

Bank Of England Accidentally E-mails Top-Secret Brexit Plan To Newspaper!

May 22nd, 2015
Categories: Economic

Link: http://investmentwatchblog.com/bank-of-england-accidentally-e-mails-top-secret-brexit-plan-to-newspaper/

Bank of England officials secretly researching financial shocks that could hit Britain if there is a vote to leave the European Union in the forthcoming referendum. The Bank blew its cover when it accidentally emailed details of the project including how the bank intended to fend off any inquiries about its work – direct to the Guardian.

Obscure Government Document Shows Elizabeth Warren Is Right About TPP

May 22nd, 2015
Categories: Economic

Link: http://www.alternet.org/obscure-government-document-shows-elizabeth-warren-right-about-tpp

United States already trades heavily with the other 11 nations included in the TPP talks. Senator Elizabeth Warren (D-MA) critical of Investor State Dispute Settlement provisions, which would empower corporations to use international courts to sue U.S. government and others enacting regulations and protections that harm their profits.

Tick-Tack, the Greek time bomb is about to go off as the last meeting didn’t end well

May 22nd, 2015
Categories: Economic

Link: http://investmentwatchblog.com/tick-tack-the-greek-time-bomb-is-about-to-go-off-as-the-last-meeting-didnt-end-well/

International Monetary Fund has estimated Greece has until June 5th before it runs out of any money, leaders of Greece, the EU and Eurozone have two more weeks to make the final tranche of 7.2B EUR of emergency funding available, or the consequences might be disastrous.

Why the $5.7 Billion Dollar Fine on Big Banks Is Actually a Joke

May 22nd, 2015
Categories: Economic

Link: http://www.thedailysheeple.com/why-the-5-7-billion-dollar-fine-on-big-banks-is-actually-a-joke_052015

$5.7 billion dollars is nothing compared to the $40.24 billion net income that banks earned in the second quarter of 2014 alone. It was the second highest profit total in the last 23 years, surpassed only by 2013. Further, the fines are nothing compared to the trillions of dollars in bailouts that banks received at the outset of the financial crisis

China’s premier pledges to boost economic ties with Colombia

May 22nd, 2015
Categories: Economic

Link: http://www.scmp.com/news/china/diplomacy-defence/article/1806735/chinas-premier-pledges-boost-economic-ties-colombia

Premier Li Keqiang; highest-ranking official from China to visit Colombia since the two nations established diplomatic ties 35 years vowed to deepen economic ties with Colombia during a four-nation South American tour aimed at boosting trade and investment between the two countries. China is Colombia’s second-biggest trading partner.

In No State Can A Minimum Wage Worker Afford A One Bedroom Apartment

May 22nd, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-05-22/no-state-can-minimum-wage-worker-afford-one-bedroom-apartment

In 21 out of the 26 OECD member countries that have a minimum wage, working 40 hours per week at the pay floor would not be sufficient to keep one's family out of poverty. In no state can a minimum wage worker afford a one bedroom apartment.

Hedge Fund Manager Compares Paying More Taxes to the Holocaust

May 22nd, 2015
Categories: Economic

Link: http://www.alternet.org/hedge-fund-manager-compares-paying-more-taxes-holocaust

Venture capitalist Tony Perkins: treatment of wealthy Americans today is like Jews in Nazi Germany. Rhetoricclass warfare; financial speculators were unfairly blamed by politicians.

Guest Post: This October The World Will Change - "China Is Preparing For Something Big" - Video

May 22nd, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-05-21/october-world-will-change-china-preparing-something-big

The world has an unease about the dollar system… President Hu of China:‘the dollar is a product of the past.’ The headlines for gold these past few years have only focused on physical gold accumulation by China, Russia and Eastern central banks. China is buying gold mines at a record. U.S. Treasury Secretary Jack Lew: “China isn’t ready for currency reserve status.

New Jersey May Not Be Able to Find Money for Pension Payment This Year, State Officials Say

May 21st, 2015
Categories: Economic

Link: http://www.blacklistednews.com/New_Jersey_May_Not_Be_Able_to_Find_Money_for_Pension_Payment_This_Year%2C_State_Officials_Say_/44089/0/38/38/Y/M.html

David Rosen, legislative budget and finance officer; Office of Legislative Services, told Senate Budget and Appropriations Committee would be nearly impossible for state to scrape together $1.57 billion before end offiscal year in June if that’s what Supreme Court rules in legal battle over pension funding.

Obama's trade bill narrowly clears a key Senate hurdle - Video

May 21st, 2015
Categories: Economic

Link: http://bigstory.ap.org/article/b2f1e9a87dd34293809422b18b46209f/obamas-trade-allies-scramble-line-60-senate-votes

Sweeping legislation to strengthen the administration's hand in global trade talks advanced toward Senate passage Thursday after a showdown vote. Obama predicting trade deal would "open up access to markets that too often are closed."Final Senate passage would clear the way for a fierce struggle in the House.

San Bernardino’s council approved a bankruptcy exit plan on Monday night that seeks to virtually eliminate the southern California city’s pension bond debt while paying Calpers, the state pension system, in full.

May 21st, 2015
Categories: Economic

Link: http://investmentwatchblog.com/san-bernardinos-council-approved-a-bankruptcy-exit-plan-on-monday-night-that-seeks-to-virtually-eliminate-the-southern-california-citys-pension-bond-debt-while-paying-calpers-the-state-pension-sy/

City officials want to slash their $50 million pension debt to a penny on the dollar. City agreed to pay Calpers, its biggest creditor, in full an agreement incorporated into the plan.

Greek health workers, journalists, pensioners strike against austerity

May 21st, 2015
Categories: Economic

Link: http://rinf.com/alt-news/newswire/greek-health-workers-journalists-pensioners-strike-austerity/

Among demands of the workers are the employment of more staff and the payment of unpaid wages. Syriza seeking to finalise agreement for a continuation of austerity with the the European Union, European Central Bank and International Monetary Fund.

May 21st, 2015
Categories: Economic

Link: http://tass.ru/en/economy/796131

Russia’s food embargo not to be lifted soon; Minister of Agriculture Alexander Tkachev. The domestic agribusiness will significantly improve its competitiveness by the time of abolishing Russia’s response measures of the food embargo against Western sanctions.

China Becomes Second Stock Market Superpower – German Newspaper

May 21st, 2015
Categories: Economic

Link: http://sputniknews.com/asia/20150521/1022430136.html

Chinese stock market will finally open to the outside world raises concerns among Americans as China is likely to become a very attractive place for major investors, creating a new global center of stock trading comparable to Wall Street.

In India, Gold Is Not Only Money But Now Pays Interest

May 20th, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-05-20/india-gold-not-only-money-now-pays-interest

Gold monetisation scheme, India's FinMin Arun Jaitley released bank guidelines on interest rates, reserve and liquidity ratios; allow individuals deposit minimum of 30 grams of gold with banks in return for interest payments. Will have to deposit gold for at least a year, banks may pay the interest after 30 or 60 days of the opening of the gold savings account, the proposal said. Interest and principal payable to depositors likely to be valued in gold, gains will be tax-free.

IRNA: Israel ordered to pay Iran $1.1 billion

May 20th, 2015
Categories: Economic

An Israeli oil company has been ordered by a Swiss court to pay $1.1 billion to Iran in compensation in a long-standing legal battle related to a joint venture before the Islamic Revolution.

Only one in four workers worldwide has a stable job

May 20th, 2015
Categories: Economic

Link: http://www.wsws.org/en/articles/2015/05/20/ilor-m20.html

The International Labor Organization World Employment and Social Outlook—Trends 2015 report found that three-quarters of workers are “employed on temporary or short-term contracts, in informal jobs often without any contract, under own-account arrangements or in unpaid family jobs.”

Elizabeth Warren Fires Back at Obama with New Report On Failed Trade Enforcement

May 20th, 2015
Categories: Economic

Link: http://www.alternet.org/labor/elizabeth-warren-fires-back-obama-new-report-failed-trade-enforcement

Senator Elizabeth Warren (D-MA) this week put out a new report pointing out that even in the trade agreements we currently have, the Obama administration and previous administrations have failed to enforce these labor standards.

Russia to Sue Ukraine if Moratorium on Foreign Debt Repayments Adopted

May 20th, 2015
Categories: Economic

Link: http://sputniknews.com/business/20150520/1022364643.html

Russia will turn to an international court if the Ukrainian president signs a moratorium on the repayment of foreign debt; Russian Finance Minister Anton Siluanov.

China to boost investment in Russia by 150% in 5yrs – official

May 20th, 2015
Categories: Economic

Link: http://rt.com/business/260357-russia-china-investment-economy/

China may more than double its investment in the Russian economy to $10 billion within 5 years if conditions are favorable; Deputy Secretary-General of the China Overseas Development Association He Zhenwei.

Russia broadens foods import from South America and Asia during food embargo

May 19th, 2015
Categories: Economic

Link: http://tass.ru/en/economy/795589

Malaysia, Thailand, Indonesia, Iran, Uruguay, Chile, Vietnam, Tunis, Serbia and Morocco are among countries that increased deliveries of their products to Russia.

Each Day Without Debt Deal Costs Greek Economy €22 Million And 613 Full-Time Jobs

May 19th, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-05-19/each-day-without-debt-deal-costs-greek-economy-%E2%82%AC22-million-and-613-full-time-jobs

The market is at a standstill, each day without a deal is one day closer to insolvency. Banking sector will run out of collateral by the end of next month, empty pensioner bank accounts. Every day average of 59 enterprises close, 613 jobs lost, market facing a cash crunch.

Ukraine creditor committee confirms no debt write-off

May 19th, 2015
Categories: Economic

Link: http://tass.ru/en/economy/795376

The committee of Western investors - holders of Ukraine’s sovereign bonds confirmed on Monday it does not accept the idea to write off a debt portion but hailed the effort of the Ukraine’s Ministry of Finance to expedite debt restructuring negotiations.

World Bank Ready to Cooperate With BRICS

May 19th, 2015
Categories: Economic

Link: http://sputniknews.com/business/20150519/1022299947.html

President of the WB Jim Yong bank is ready to cooperate with BRICS in various areas. BRICS New Development Bank was created in mid-2014 as an alternative to Western global financial institutions by Russia, Brazil, India, China and South Africa. The member states agreed to establish a $100-billion liquidity reserve to maintain the bank's financial stability.

The Secret Fed Paper That Advocated a "Carry Tax" on All Physical Cash

May 17th, 2015
Categories: Economic

Link: http://www.blacklistednews.com/The_Secret_Fed_Paper_That_Advocated_a_%22Carry_Tax%22_on_All_Physical_Cash/43971/0/38/38/Y/M.html

Fed published a paper in 1999 suggesting taxing physical cash using an expiration date if depositors aren’t willing to spend the money. Chase restricts borrowers from using cash to make payments on credit cards, mortgages, equity lines, and auto loans, storage of cash in its safe deposit boxes.

BRICS New Development Bank Aims to Open Coffers by Year-End

May 16th, 2015
Categories: Economic

Link: http://sputniknews.com/business/20150516/1022212182.html

The BRICS New Development Bank will be operational by end of 2015, or early 2016, membership open to all members of the United Nations, subject to agreement from the bank's board of governors; China's Vice Finance Minister Shi Yaobin. The bank is to have capital of $100 billion to fund infrastructure projects.

Greece Will Default On June 5 Without Deal, IMF Leaks

May 16th, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-05-16/greece-will-default-june-5-without-deal-imf-leaks

No breakthrough in negotiations between Greece and its creditors. Greece won’t cross its red lines in negotiations with international creditors just because time is pressing to close a deal; Prime Minister Alexis Tsipras. IMF reportedly refused to be a part of any new bailout for Greece.

Thousands March in Kiev Against Soaring Utilities Rates

May 16th, 2015
Categories: Economic

Link: http://sputniknews.com/europe/20150516/1022218894.html

Over five thousand people gathered Saturday morning in central Kiev to protest utilities prices. May 1, cold and hot water rates grew 71 percent, April 1, gas rates skyrocketed up 285 percent. Prices for transport, medicines and food grown between 50-200 percent.

1 ... 4 5 6 7 9 11 12 13 14 ... 54

News Share this page submit to reddit

Your donation helps provide a place for people to speak out.
Not tax deductible. editor@thepeoplesvoice.org

Search

Search the Site Search the Web
February 2016
Sun Mon Tue Wed Thu Fri Sat
 << <   > >>
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29          

Referred by Liberty
Just Foreign Policy Iraqi Death Estimator

  XML Feeds

powered by b2evolution free blog software
FAIR USE NOTICE: This site contains copyrighted articles and information about environmental, political, human rights, economic, democratic, scientific, and social justice issues, etc. This news and information is displayed without profit for educational purposes, in accordance with, Title 17 U.S.C. Section 107 of the US Copyright Law. Thepeoplesvoice.org is a non-advocacy internet web site, edited by non-affiliated U.S. citizens. editor
ozlu Sozler GereksizGercek Hava Durumu Firma Rehberi Hava Durumu Firma Rehberi E-okul Veli Firma Rehberi