Chevron Corp. second-largest U.S. energy producer will pull out of an agreement for exploring the Oleska field in western Ukraine, Royal Dutch Shell Plc (RDSA) retreated earlier this year from a similar deal in eastern provinces.
Vehicle to remove allies from Russia, damage it economically. The Ruble in free fall after oil took a hit. The most powerful government agency you have never heard of the Office of Foreign Assets Control has used sanctions on Putin associates and oil conglomerates. Cuba has deep relations with Russia going back decades, has much to offer the US.
At a meeting with leaders of 16 Central and Eastern European countries (CEE) Tuesday, Chinese Premier Li Keqiang announced a new investment fund of $3 billion to facilitate financing in the cash-strapped countries. Most of these countries are members of the European Union.
Russia’s currency market witnessed further huge volatility again today. The finance ministry said it would start selling foreign exchange which are primarily in dollars. This appeared to reduce selling pressure on the rouble; due in part to low oil prices, effects of western sanctions.
The "architect" of the CIA's interrogation program, James Mitchell, accused Senate Democrats of putting his life in danger last week when they released a report detailing the program's "brutal" abuses. one of seven men who owned a company paid millions of dollars by the CIA to devise interrogation techniques for alleged terrorists following the Sept. 11, 2011, attacks The controversial techniques included waterboarding, which President Barack Obama called torture.
Former Assistant Treasury Secretary Dr. Paul Craig Roberts: recent spending bill, allows banks to gamble on derivatives, and taxpayers and depositors are on the hook for the losses.
Wisconsin-based farm policy research group has worked diligently to uncover persistent violations, filing formal legal complaints against livestock operations producing milk, meat and eggs, accusing them of fraudulently marketing such products as organic.
Defense Minister Moshe Ya'alon :The Israeli army might be forced to attack Gaza again, with all its power.
Citigroup announced it would move its headquarters from New York to U.S. Capitol Building, in Washington, D.C., in 2015. Citi outbid JP Morgan and Goldman Sachs to lease thirty thousand square feet of prime real estate on the floor of House of Representatives. Citi spokesperson acknowledged makeover of the House is to cost millions,” “It’s always expensive to open a new branch.”“Instead of flying from New York to give Congress their orders, Citigroup executives can be on the floor with them, handing them legislation, telling them how to vote, result in tremendous cost savings.
The EU General Court's ruling to exclude Hamas from the list of terrorist organizations has sparked a powerful protest in Israel. Prime Minister Benjamin Netanyahu named Hamas a "murderous terrorist organization" and promised to continue to fight it.
Economic hardship is being created by the foreign-controlled Bank of Russia’s monetary policies, to spread mass discontent and facilitate a Maidan in 2015 to remove Putin. So claims Evgeny Fedorov, citing the colonialist Central Bank law, established after Washington’s victory in the Cold War, and the system of fifth-column levers, methodically operated to steer the revolution. 2:59 Foreign banks own the production in Russia. 8:23 Putin has no authority over the Central Bank. 13:56 Bank of Russia is legally a foreign-controlled Central Bank.15:21 Road map to Maidan 2015.
Citing public safety concerns, Rapid City Police Chief Karl Jegeris on Tuesday denied a special event permit application for an anti-police brutality march planned to start at the Rushmore Plaza Civic Center during the Lakota Nation Invitational on Friday afternoon.
US Congress approved “pension reform” measure that permits preemptive cuts in benefits from still-solvent pension funds if the funds are deemed to be in a “critical status. The pension provision was backed by major corporations such as UPS, Kroger and by trade unions that jointly administer pension plans covering 10 million retired and active workers.
New York Gov. Andrew Cuomo announced on Wednesday that the state will not lift its ban on fracking. The long-awaited decision marks a decisive turn in the years-long battle over fracking in New York State
Italy has expressed its intent to partially privatize the postal service, air traffic control company and national railway, as the economy faces a third consecutive year of contraction. The government hopes to raise 10 billion euros.
US military, NATO allies increased military operations near the borders of Russia to keep “peace and stability” in the region, a Pentagon official says. US European Command efforts through Operation Atlantic Resolve are a demonstration of our continued commitment to the collective security of NATO.
The United States, Europe imposed sanctions on Russia’s energy, financial, military sectors, Russian nationals close to President Putin. White House officials: Russia was facing “a very serious economic situation” which “reflects the consequences of not following a set of international rules.”
The German Committee on Eastern European Economic Relations said on Wednesday that ruble’s plunge would lead to a 20-percent fall in the Western European country’s exports to the Russian Federation.
Russian Prime Minister Dmitry Medvedev also stated that while low oil prices and
Western sanctions have taken their toll on Russia, the central problem is that the ruble was undervalued. "The figures we saw at exchange offices in the last days do not reflect the real picture.
Federation Council Chair Valentina Matviyenko has ordered a vote on a parliamentary investigation into the recent activities of the Central Bank and its alleged role in the worst-ever plunge of the ruble rate.
American forces were involved in their first ground battle with Islamic State fighters, according to Kurdish media outlet Shafaq News, near the Ain Al-Assad base in the Anbar province of Iraq early Sunday. The report could not be independently verified.
"[The European Parliament] supports in principle recognition of Palestinian statehood and the two-state solution, and believes these should go hand in hand with the development of peace talks, which should be advanced,
Obama: US seeking to establish diplomatic relations with Cuba, plans to open an embassy in Havana, authorize sales and exports between nations and make changes to current travel laws that for decades have restricted traffic between the two countries.
As of December 31, the City of Prince George, British Columbia, Canada will be fluoride-free for the first time since October 4, 1954. A vote to end fluoridation took place in November of this year,unanimously accepted by the new Mayor and Council
Worst day in Russia’s financial crisis; fallout spreading across global markets. Pacific Investment Management Co. (PEBIX) facing mounting losses on its Russian bond holdings; almost every bullish ruble option contract registered in U.S. made worthless; foreign-exchange brokers in New York and London no longer taking ruble trades.
"Our online store in Russia is currently unavailable while we review pricing," Alan Hely, a spokesman for the Cupertino, California-based company. "We apologize to customers for any inconvenience." It is uncertain when Apple will reinstate its operations in Russia.
Goldman Sachs :The global oil industry will face a loss of $1 trillion as producers will be forced to cancel a number of key projects if oil prices stay below $60:.
The US Federal Reserve has a basic capital ratio of 1.26%. if the value of the Fed’s assets declines by 1.26%, the issuer of the world’s dominant reserve currency becomes insolvent. Russian central bank’s ratio is 12.5%—literally TEN TIMES GREATER than the Fed. GOLD reserves as a percentage of the money supply, i.e. how much gold backs the money supply. In Russia, it’s 6.2%. And rising. How much gold backs the dollar? Precisely zero.
A Ukrainian solider tells his fellow soliders that there are no peaceful civilians in Donetsk and that everyone there is a collaborator with the enemy. Within seconds of this utterance, which was ironically spoken in the Russian language, he gets hit by an artillery shell.
As Russia situation has deteriorated focus on bank exposures sent stocks reeling among many European (and US) banks. UniCredit, strongly invested in Russia; 18 billion euros at stake, 40 percent of its tangible book value. US bank risk widened signicantly. No benign scenarios.
Russian debt to GDP is 20% and they still have hundreds of billions of barrels of crude oil under their land. The US has debt to GDP of 103% of GDP and shale that is worthless unless oil prices are above $80 per barrel. Oil is currently $56 per barrel.
The Russian stock market also went haywire, dropping more than 15 percent as of 2:30pm Moscow time, after it dropped 11 percent the day before. Sberbank, the country's largest lender, lost 17.77 percent, and VTB, the second biggest bank, fell by 14.29 percent. State-owned oil and gas companies Gazprom, Rosneft, and Surgut also saw shares plummet.
The legislation authorizes the US president to provide lethal aid to Ukraine, including anti-tank weapons, ammunition, and "tactical troop-operated surveillance drones."It will also impose penalties on Russia’s state-owned arms dealer Rosoboronexport and other Russian defense companies.
Global banks curtailing flow of cash to Russian entities, response to ruble’s sharpest selloff since 1998 financial crisis; potential to add strain on Russia’s financial system. Bank of America, Citigroup, haven’t changed their trading with Russia or rubles.
Russian government members have worked out measures to stabilize the currency market, Economic Development Minister Alexey Ulyukayev said on Tuesday. Central Bank’s measures would be aimed at increasing foreign currency liquidity supply on the domestic market. “We have mapped out a set of measures, which should help stabilize the situation,
Russian Foreign Minister Sergey Lavrov: Russia will overcome the West's sanctions, which will only make the country stronger, “We have been in much worse situations in our history and every time we have got out of our fix much stronger.
Russian Foreign Minister Sergey Lavrov: military doctrine of the Russian Federation. never mentions NATO is an enemy,” “What it says is that the security risks for Russia are NATO expansion to the East and movement of military infrastructure of NATO closer to the Russian borders — not NATO itself, but its militarized movement to the East.
Senator John McCain accused his fellow Republicans of being hypocritical over justifying torture, noting the US tried and hanged Japanese soldiers for waterboarding American prisoners during World War II. You can’t claim that have them freeze to death is not torture. The Arizona senator said that waterboarding was used during the Spanish Inquisition.
Tucked deep inside the 1,603-page federal spending measure is a provision that effectively ends the federal government's prohibition on medical marijuana. Under the provision, states where medical pot is legal would no longer need to worry about federal drug agents raiding retail operations. Agents would be prohibited from doing so.
Court ordered Wal-Mart Stores Inc to pay $188 million to employees who had sued the retailer for failing to compensate them for rest breaks and all hours worked. Wal-Mart said on Tuesday that it might appeal the decision, which upheld lower court rulings, to the U.S. Supreme Court.
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