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Articles Posted by Lorianne

Brevity: Headers | « Text »
  • Two Anonymous Whistleblowers Are Pounding on the SEC’s Door Again

    02/05/2016 6:10:55 PM PST · by Lorianne · 4 replies
    Wall Street on Parade ^ | 04 February 2016 | Pam Martens and Russ Martens
    Last night ABC began its two-part series on the Bernie Madoff fraud. Viewers will be reminded about how investment expert, Harry Markopolos, wrote detailed letters to the SEC for years, raising red flags that Bernie Madoff was running a Ponzi scheme – only to be ignored by the SEC as Madoff fleeced more and more victims out of their life savings. Today, there are two equally erudite scribes who have jointly been flooding the SEC with explosive evidence that some Exchange Traded Funds (ETFs) that trade on U.S. stock exchanges and are sold to a gullible public, may be little...
  • Dollar tumbles as Fed rescues China in the nick of time

    02/05/2016 6:06:31 PM PST · by Lorianne · 13 replies
    Telegraph (UK) ^ | 04 February 2016 | Ambrose Evans-Pritchard
    The US dollar has suffered one of the sharpest drops in 20 years as the Federal Reserve signals a retreat from monetary tightening, igniting a powerful rally for commodities and easing a ferocious squeeze on dollar debtors in China and emerging markets. The closely-watched dollar index (DXY) has fallen 3pc this week to 96.44 and given up all its gains since late October. This has instant effects on the world’s inter-connected financial system, today more geared to the US exchange rate and Fed policy than at any time in modern history. David Bloom, from HSBC, said the blistering dollar rally...
  • [tens of] Thousands of Syrians amass on Turkish border

    02/05/2016 3:45:02 PM PST · by Lorianne · 12 replies
    Hurriyet Daily News ^ | 05 February 2016
    Tens of thousands of Syrians fleeing violence in the war-torn country have amassed on the Turkish border, with more compatriots also expected to head toward the frontier. The increased refugee flow from northern Syria amid the conflict in Syria’s Azaz and Aleppo regions – two strongholds of the Syrian opposition – reached the Turkey border on Feb. 5 as Turkish Prime Minister Ahmet Davutoğlu said they expected around 70,000 refugees, including Turkmens, to flock to the Turkey-Syria border. Around 10,000 refugees have already been placed in tent cities on the Syrian side of the border, having reached the region after...
  • Two arrested at toned-down asylum center debate in Heesch [Netherlands -after riots week before]

    02/05/2016 3:11:06 PM PST · by Lorianne · 5 replies
    NL Times ^ | 26 January 2016 | Janene Pieters
    A meeting about the planned asylum center in Heesch on Monday night was relatively quiet. About a thousand protesters gathered near the town hall, but left again an hour later without incident. Two people were arrested, one for lighting fireworks and another for refusing to identify himself, Omroep Brabant reports. The protesters weren’t aloud [sic] on the square in front of the town hall because of an emergency decree issued due to the riots that erupted at the asylum center meeting in the town last week. The protesters therefore gathered around the square. According to the broadcaster, they shouted some...
  • Geldermalsen [Netherlands] refugee centre plan dropped in wake of riots

    02/05/2016 2:59:33 PM PST · by Lorianne · 4 replies
    Dutch News ^ | 23 December 2015
    Plans to build a temporary refugee centre for 1,500 people on an industrial estate in Geldermalsen have been dropped, mayor Miranda de Vries said on Wednesday. At least 14 people were arrested earlier this month when a mob of anti-refugee protestors tried to storm the town hall where the plans were being discussed. Nevertheless, Geldermalsen will still do its duty, De Vries told broadcaster Nos, without giving further details. This will be done in dialogue with locals, she said. The speed and scale of the previous plan was an error of judgement and did not deal properly with the concerns...
  • Austria to send back 50,000 migrants

    02/05/2016 2:48:17 PM PST · by Lorianne · 34 replies
    Austrian, the ^ | 01 February 2016 | Bel Trew
    Austria is to step up the deportation of migrants by sending at least 50,000 home just as Germany has told refugees that their welcome was temporary. Last September the two countries opened their borders to hundreds of thousands of people fleeing conflict and poverty across Africa and the Middle East. Despite an outpouring of sympathy for their plight, there has been growing public concern about crime and security, forcing the governments to pull back from the open-door policy. Yesterday the Austrian authorities said that they would carry out at least 50,000 deportations over the next four years. The number of...
  • Switzerland: Pupils sent home for wearing "racist" tradition Swiss Edelweiss shirts

    02/05/2016 2:34:04 PM PST · by Lorianne · 35 replies
    Diversity Macht Frei ^ | 16 December 2015
    Ten pupils at a secondary school in Gossau turned up for their lessons wearing an edelweiss shirt on Friday. A teacher was very unhappy at the sight of this typically Swiss clothing; he asked them to go and put something else on. According to the "SonntagsZeitung", the teacher considered that this manner of dress conveyed "racist and xenophobic" ideas. The ten pupils decided to come to school wearing peasant shirts and to sing patriotic songs to show their "pride in being Swiss". Tensions with classmates of Balkan origin are said to be at the origin of this initiative, reports the...
  • Nine suspected PKK militants killed in fire in Cizre [Turkey] during operation

    02/05/2016 2:23:10 PM PST · by Lorianne · 2 replies
    Hurriyet Daily News ^ | 05 February 2016 | ŞIRNAK
    Nine suspected militants, four members of security forces and dozens of outlawed Kurdistan Workers’ Party (PKK) militants have been killed in two towns over two days in the latest spate of violence in Southeast Anatolia. Nine suspected PKK militants were reportedly killed and 25 others were wounded in a fire that erupted in an apartment building in the southeastern district of Cizre on Feb. 5 where operations are continuing. Peoples’ Democratic Party (HDP) Group Deputy head İdris Baluken wrote on his official Twitter account that nine people had been killed and 25 injured others were still inside the building early...
  • German cruise giant cancels Turkey routes over ‘security concerns’

    02/05/2016 2:19:37 PM PST · by Lorianne · 6 replies
    Hurriyet Daily News ^ | 01 February 2016 | Ali Varlı
    Germany’s AIDA Cruises has adjusted its 2016 deployment in Europe, opting to pull the AIDAstella from the Eastern Mediterranean due to “ongoing security concerns” in Turkey. The 2013-built AIDAstella will now be re-deployed to the Western Mediterranean, taking over the routes of the AIDAaura and sailing from Palma de Mallorca in Spain, according to a written statement issued by the company on Jan. 29. It said the move came as a result of the large number of inquiries from guests concerned following the Jan. 12 bomb attack in Istanbul that killed 11 German tourists. The AIDAstella was originally scheduled on...
  • Postmodern cultural totalitarianism has changed the very nature of man

    02/05/2016 2:15:07 PM PST · by Lorianne · 16 replies
    Arutz Sheva ^ | 26 January 2016 | Alexander Maistrovoy
    Cultural totalitarianism did the impossible - it changed the very nature of man. An abstract ideology has suppressed the mind and senses - and the ability to feel compassion for real victims. ___ In my correspondence regarding the events in Cologne, an editor of a Russian newspaper asked me a natural, but discouraging question; "Where were the German men?" he enquired of me, perplexed. Indeed, for us who grew up in Soviet Russia, it would be inconceivable that some drunk young people could publicly mock and harass girls on New Year's Eve in the very center of Moscow or Saint...
  • The Geneva refugee convention can’t cope with this crisis. Time for a rethink

    02/05/2016 2:11:46 PM PST · by Lorianne · 7 replies
    Guardian UK ^ | 18 January 2016 | Mary Dejevsky
    How far we have come from the warm generosity of the German summer to the cold hard reality of a Nordic winter. Europe’s internal borders have been closing; its external borders are being reinforced. And governments are looking for ways to foot the bill for receiving and integrating all the new arrivals, many of whom have crossed deserts and seas in the hope of finding a safe haven in Europe. The German finance minister has mooted an EU-wide tax on petrol. Danish MPs are debating a law to allow the confiscation of asylum-seekers’ valuables to help pay for their keep....
  • EU officials find that most of the ‘refugees’ are not refugees. What a mess

    02/05/2016 1:52:37 PM PST · by Lorianne · 30 replies
    Spectator ^ | 30 January 2015 | Douglas Murray
    Even EU officials are now finally admitting that a lot – or, rather, most – of the people we have been calling ‘refugees’ are not refugees. They are economic migrants with no more right to be called European citizens than anybody else in the world. Even Frans Timmermans, Vice President of the European Commission, made this point this week. In his accounting, at least 60pc of the people who are here are economic migrants who should not be here – are from North African states such as Morocco and Tunisia. As he told Dutch television:- Swedish officials are coming to...
  • Commission attempt to suppress EU immigration audit infuriates lawmakers

    02/05/2016 1:41:35 PM PST · by Lorianne · 3 replies
    Euractiv ^ | 01 February 2016
    The Juncker Commission has been fighting the European Court of Auditors to suppress a report on EU migration policy that should have been published by now. EurActiv France reports. Last year, a team from the European Union’s independent auditing body examined the bloc’s cooperation with third countries on migration and asylum. Funding for this cooperation is allocated through the European Neighbourhood and Partnership Instrument (ENPI), a programme that finances the development of small businesses and other projects, with a budget of roughly €1 billion over six years. But the report, submitted to the European Commission in October 2015, was clearly...
  • Mother of girl raped by three Somali men - attackers' relatives terrified her throughout trial

    02/05/2016 1:35:01 PM PST · by Lorianne · 11 replies
    Daily Mail UK ^ | 01 February 2016 | Martin Robinson
    The mother of a 16-year-old raped by three Somali men today claimed 50 of their friends and family carried out a two-month campaign of intimidation throughout the trial. The woman, says she was smuggled into court via a back door 'as if she was the criminal'. Muhyadeen Osman, Bilal Ahmed and Mowled Yussuf, all 20, gang raped the girl at the Victoria Park Hotel in Manchester, having spent the night before there for Eid. 'On one occasion, the judge said only 10 of the family members were allowed into the court but still another 20 ganged up in the corridors...
  • Isil uses advertising hoardings to crucify 'spies' in its new Libyan 'caliphate'

    02/05/2016 1:24:09 PM PST · by Lorianne · 7 replies
    Telegraph (UK) ^ | 04 February 2016 | Colin Freeman
    Zafaran roundabout in the Libyan city of Sirte used to be one of the best spots for local businesses to advertise. Today, however, the message that they carry is not one that passing motorists care to linger over. With Colonel Gaddafi's home city now firmly in the grip of Islamic State of Iraq and the Levant (Isil) militants, the billboards' rusting black gantries are now used for crucifixions of anyone accused of "spying" against the regime. The corpses of murdered suspects are strung up as a graphic warning to others, with the victims' families then prevented from retrieving their bodies...
  • Google to point extremist searches towards anti-radicalisation websites

    02/05/2016 1:16:04 PM PST · by Lorianne · 8 replies
    Guardian UK ^ | 02 February 2016
    Search engine giant reveals plans for pilot scheme to home affairs committee hearing, with Facebook and Twitter also probed over extremism policies __ Users of Google who put extremist-related entries into the search engine are to be shown anti-radicalisation links under a pilot programme, MPs have been told by an executive for the company. The initiative, aimed at countering the online influence of groups such as Islamic State, is running alongside another pilot scheme designed to make counter-radicalisation videos easier to find The schemes were mentioned by Anthony House, senior manager for public policy and communications at Google, who was...
  • 81% of Germans say refugee crisis 'out of control' under Merkel govt – poll

    02/05/2016 1:10:37 PM PST · by Lorianne · 8 replies
    RT ^ | 04 February 2016
    More than four in five Germans believe Chancellor Angela Merkel’s government isn’t controlling the refugee crisis, and welcome tougher measures to deal with it, a poll by ARD Deutschlandtrend has suggested. The vast majority of the country's citizens disagree with Merkel’s refugee policy, according to the poll conducted last weekend. Asked whether “the federal government has the refugee situation under control,” 81 percent of Germans answered “No,” with just 18 percent saying “Yes.”
  • German journalist-government tells media what it can/cannot report - Cologne sex attacks

    02/05/2016 1:07:01 PM PST · by Lorianne · 16 replies
    Daily Mail UK ^ | 03 February 2015 | Corey Charlton
    A former news boss in Germany has claimed the country's media is told what to report on by Chancellor Angela Merkel's government. His admission comes as the country grapples with accusations media ignored hundreds of sex attacks committed by migrants during Cologne's New Year celebrations. Dr Wolfgang Herles, the former head of a public broadcaster Zweites Deutsches Fernsehen (ZDF), said journalists are instructed to write news reports that are to 'Ms Merkel's liking'. Dr Herles labelled the situation a 'scandal' during a radio panel discussion on media and freedom of the press, Breitbart reported. Asked if the media landscape had...
  • German intel gets over 100 tip-offs on ISIS militants among refugees

    02/05/2016 1:02:41 PM PST · by Lorianne · 4 replies
    RT ^ | 05 February 2016
    German security service BfV reportedly received more than 100 tip-offs that ISIS militants had infiltrated the country among refugees, according to a recent report. The news comes as massive nationwide anti-terror raids took place this week. The head of the German domestic intelligence service (BfV), Hans-Georg Maassen, told a gathering of politicians that the agency had received more than 100 warnings indicating there were Islamic State (IS, formerly ISIS/ISIL) militants staying in Germany as refugees, newspaper Berliner Zeitung reported Friday, without citing its sources. However , some cases of “baseless defamation” were among those tip-offs, Maassen added, according to the...
  • Afghan migrants who attacked pensioners in train video denied asylum

    02/05/2016 1:00:31 PM PST · by Lorianne · 12 replies
    Daily Mail UK ^ | 03 February 2015 | Imogen Calderwood, Flemming Emil Hansen
    EXCLUSIVE - Afghan migrants who attacked pensioners in THAT shocking train video were denied asylum after arriving four years ago... but Germany says it's 'too dangerous' to send them home ___ A gang of migrants who attacked two pensioners on a Munich subway train are Afghans who have been living in Germany for four years even though their asylum applications have been rejected, MailOnline can reveal. The men - aged 19, 20 and 23 - cannot be deported back to Afghanistan because it is deemed too dangerous. They may only be fined 200 euros for the attack. Shocking footage of...
  • Swedish police being ATTACKED as they struggle in 'NO GO ZONES' as migrant crime rockets

    02/05/2016 12:55:40 PM PST · by Lorianne · 25 replies
    Express (UK) ^ | 05 February 2016
    SWEDISH police are being attacked as they struggle to cope with crime in "no-go" areas of the country with high migrant populations, a report has revealed.___ The country has seen a huge surge in crime since the start of the migrants crisis in Europe with a rise in sex assaults, drug dealing and children carrying weapons. In the secret report by Sweden's National Criminal Investigation Service, attacks on officers are detailed, including police cars being stoned by masked groups. Some 52 areas have been put on a '"blacklist" which are then divided into three categories from "risk areas" to "seriously...
  • Leipzig: Police chief wars of "pogrom mood" in the population [Germany]

    02/05/2016 12:52:27 PM PST · by Lorianne · 19 replies
    Diversity Macht Frei ^ | 02 February 2016
    Five asylum homes in Saxony were the target of attacks the previous weekend. ..."I am really very concerned. We are heading to a situation in which instigators who are ready for violence deliberately use the fears of people to stir up hysteria against the asylum policy and justify violence against refugees," said Leipzig's police chief and director of the OAZ, Bernd Merbitz in an interview with the Leipziger Volkszeitung. Throughout the region, according to Merbitz, "there is a pogrom mood, which is acquiring an extremely dangerous intensity."
  • Oil bears closing of $600 million triple-short fund bet seen adding to tumult

    02/04/2016 11:48:08 AM PST · by Lorianne · 5 replies
    Reuters ^ | 04 February 2016 | Anna Driver
    This week's roller-coaster ride in the global crude oil market was likely fueled in part by the sudden liquidation of a $600 million leveraged fund bet on falling prices, market sources said on Wednesday. Unknown investors in the VelocityShares 3x Inverse Crude Oil Exchange Traded Note (ETN) - which offers the ability to make a bearish bet on prices magnified threefold, with gut-churning ups and downs - bailed out early this week after jumping into the fund in January, ETN data show. Some 1.8 million shares worth more than $602 million were redeemed on Tuesday, the largest outflow from the...
  • MPs call for immediate halt of UK arms sales to Saudi Arabia

    02/04/2016 11:45:27 AM PST · by Lorianne · 4 replies
    Guardian UK ^ | 03 February 2016 | Patrick Wintour
    Kingdom’s military campaign in Yemen also prompts all-party group to urge government to back international inquiry ___ An all-party group of MPs has called for an immediate suspension of UK arms sales to Saudi Arabia and an international independent inquiry into the kingdom’s military campaign in Yemen. The call from the international development select committee follows evidence from aid agencies to MPs warning that Saudi Arabia was involved in indiscriminate bombing of its neighbour
  • Drone footage reveals devastation of Homs in Syria as Europe's stance towards refugees toughens

    02/04/2016 11:42:23 AM PST · by Lorianne · 11 replies
    Source material cannot be posted to FR | 04 February 2016 | Charlie Atkin
    video surveillance
  • Preliminary U.S. January truck orders down 48 percent: FTR

    02/04/2016 11:38:54 AM PST · by Lorianne · 5 replies
    Reuters ^ | 03 February 2015 | Nick Carey, Grant McCool)
    U.S. January Class 8 truck orders fell 48 percent on the year, preliminary data from freight transportation forecaster FTR showed, indicating that 2016 could be another weak year for truck makers. FTR estimated that orders for the heavy trucks that move goods around America's highways totaled 18,062 units in January. This follows on from a full-year decline in 2015 of nearly 25 percent to 284,000 units from 276,000.
  • Shell shares up as it confirms 10,000 job cuts and falling profits

    02/04/2016 11:36:47 AM PST · by Lorianne · 1 replies
    BBC News ^ | 04 February 2016
    Royal Dutch Shell shares rose after it confirmed it would cut 10,000 jobs and a sharp fall in annual profits. Shell extended gains to 7% as it said it made $1.8bn (£1.23bn) for the fourth quarter, compared with a $4.2bn profit for the same period the year before. Full-year earnings have seen their steepest fall in 13 years, from $19bn in 2014 to $3.8bn last year. Royal Dutch Shell's chief executive, Ben van Beurden, said the company was entering a new phase: "The completion of the BG transaction, which we are expecting in a matter of weeks, marks the start...
  • Greek military to oversee response to refugee crisis

    02/03/2016 1:28:56 PM PST · by Lorianne · 6 replies
    Ekathimerini ^ | 03 February 2016
    Defense Minister Panos Kammenos on Tuesday heralded the creation of a central body to oversee and improve Greece’s response to the migration and refugee crisis and ensure the country safeguards its position in the Schengen passport-free area, noting that the new body will be led by a senior military official. Greece’s military is to have the oversight of the “Central Coordinating Body for the Management of Migration” until the Migration Ministry and the Hellenic Police gain the necessary know-how and experience to tackle the problem independently, Kammenos indicated at Tuesday’s press conference. The center, which is to be operational by...
  • Australian asylum ruling paves way for deportation of infants

    02/03/2016 1:25:38 PM PST · by Lorianne · 9 replies
    Reuters ^ | Colin Packham, Matt Siegel
    Australia's High Court threw out a challenge to offshore immigration detention camps on Wednesday, clearing the way for the deportation of dozens of infants born in Australia to detained asylum seekers. The court rejected a legal test case brought by an unidentified Bangladeshi woman that challenged Australia's right to deport detained asylum seekers to the tiny South Pacific island nation of Nauru. The detention centre on Nauru houses about 500 people and has been widely criticised by the United Nations and human rights agencies for harsh conditions and reports of systemic child abuse. The Bangladeshi woman was on a boat...
  • Iraq's about to plunge off a fiscal cliff — and the consequences could be dire

    02/03/2016 1:21:55 PM PST · by Lorianne · 14 replies
    Business Insider ^ | 02 February 2016 | Armin Rosen
    According to a Monday AFP report, Iraq is now selling oil at half of the country's apparent fiscal break-even price. Right now, Iraq is selling its oil at around $22 a barrel, half of what it would need to fetch for the country to be able to fund the upcoming year of government budgetary obligations, the report said.
  • Hedge Funds, Wall Street not Happy with the New Spain

    02/03/2016 1:17:28 PM PST · by Lorianne · 1 replies
    Wolf Street ^ | 03 February 2015 | Don Quijones
    Plunging shares, shrinking profits, and a spate of new regulations and court cases that could end up setting it back billions of euros – that’s what the Spanish banking sector is facing. But now, banks are also grappling with the complete absence of a friendly central government to insulate them from the cruel vagaries of the global economic downturn. And the strain is beginning to show. “The political parties must reach an agreement as soon as possible and form a government that is stable,” pleaded Francisco González, president of Spain’s second biggest bank, BBVA. Such a government must not “think...
  • Thousands of [Greek] firms flee to Bulgaria

    02/03/2016 1:09:42 PM PST · by Lorianne · 8 replies
    Ekathimerini ^ | 02 February 2016
    According to the president of the Hellenic Confederation of Professionals, Craftsmen and Merchants (GSEVEE), some 6,000 Greek enterprises have emigrated to Bulgaria in the last couple of years alone. At the same time, the GSEVEE chief says, Greeks are behind about 60,000 new tax registrations and bank accounts in the neighboring country. Giorgos Kavathas on Tuesday cited the above figures from an ongoing survey by GSEVEE, adding that the interventions planned for the social security system can only be expected to lead to more Greek firms emigrating. The survey will be presented in the next few days, he noted. He...
  • UN says one-third of refugees sailing to Europe are children

    02/03/2016 1:01:49 PM PST · by Lorianne · 26 replies
    For the first time since the crisis began, women and children make up the majority of refugees undertaking the perilous journey to Greece ___ For the first time since the start of the migration crisis in Europe, there are also now more women and children crossing the border from Greece to Macedonia than adult males, according to UN children’s agency Unicef. The figures emerged as Europe struggles with its biggest movement of people crisis since the second world war, with more than a million people fleeing war, violence and poverty risking life and limb to reach its shores last year....
  • Oil crash could kill Exxon's perfect AAA rating

    02/03/2016 12:57:04 PM PST · by Lorianne · 3 replies
    CNN ^ | 02 February 2016 | Matt Egan
    Only three American companies can brag of a higher credit rating than the United States government: ExxonMobil, Microsoft and Johnson & Johnson. Soon that elite group could shrink to just two. Standard & Poor's threatened on Tuesday to strip Exxon (XOM) of its perfect AAA credit rating. The ratings company placed Exxon on a negative credit watch, warning the oil giant's credit measures will remain "weak" through 2018 due to the dramatic plunge in oil prices. The world's largest publicly-traded oil company, Exxon could lose its AAA status within the next 90 days, S&P said. In addition to Exxon, S&P...
  • Hillary Clinton Campaign, Unnerved by Iowa, Braces for New Hampshire

    02/02/2016 3:17:33 PM PST · by Lorianne · 17 replies
    New York Times ^ | 02 February 2016 | Amy Chozick
    MOINES — Late Monday night, supporters of Hillary Clinton gathered for what they expected would be a victory rally. Over the weekend, her campaign had exuded confidence, with some advisers predicting she would win the Iowa caucuses by several percentage points, and by Monday evening, they were urging news outlets to call the race in her favor. Mrs. Clinton prepared a victory speech in which she virtually ignored her rival, Senator Bernie Sanders of Vermont, and attacked the Republican candidates. Then the caucus results started rolling in. And everything changed. The outcome in Iowa — which at least until Tuesday...
  • Ground Control to Captain Zhou Xiaochuan

    02/02/2016 3:00:54 PM PST · by Lorianne · 3 replies
    kunstler.com ^ | 01 February 2016 | James Howard Kunstler
    Why would anybody suppose that the Peoples Bank of China might want to tell the truth about anything that was within their power to lie about? Especially the soundness of any loan portfolio vested unto the grasp of its tentacles? Of course, most of what China has done in speeding toward the wall of financial crack-up, it learned from watching US bankers slime their way into Too Big To Fail nirvana — most particularly the array of swindles, dodges, and frauds constructed in the half-light of shadow banking to hedge the sudden, catastrophic appearance of reality-based price discovery. When so...
  • Europe’s refugee story has hardly begun

    02/02/2016 2:55:14 PM PST · by Lorianne · 30 replies
    Guardian UK ^ | 01 February 2016 | Paul Mason
    The refugee story has hardly begun. There will be, on conservative estimates, another million arriving via Turkey this year – and maybe more. The distribution quotas proposed by Germany, and resisted by many states in eastern Europe, are already a fiction and will fade into insignificance as the next wave comes. Germany itself will face critical choices: if you’re suddenly running a budget deficit to meet the needs of asylum seekers, how do you justify not spending on the infrastructure that’s supposed to serve German citizens, which has crumbled through underinvestment in the Angela Merkel era? But these problems are...
  • Iceland central bank preparing new weapons to fight capital rush

    02/02/2016 1:12:10 PM PST · by Lorianne · 6 replies
    Reuters ^ | 01 February 2016 | Marc Jones
    Iceland is drawing up plans to tax foreigners who buy its bonds or to remove certain interest privileges to keep from being overwhelmed by a flood of money drawn by the highest interest rates in western Europe. The country is about to start the tricky process of removing the capital controls that have been in place since what the central bank governor, Mar Gudmundsson, calls "the third biggest bankruptcy in the history of mankind". With its economy recovering and interest rates at 5.75 percent compared with virtually zero in the rest of Europe, concern is growing about a destabilizing rush...
  • BP makes record loss and axes 7,000 jobs

    02/02/2016 1:10:01 PM PST · by Lorianne · 20 replies
    Guardian UK ^ | 02 February 2016 | Terry Macalister
    BP is to axe another 7,000 jobs after reporting an annual loss of $6.5bn (£4.5bn), the worst in its history. Shares in the oil company dived 8.6% to 335p by the end of trading on Tuesday, wiping almost £6bn off the stock market value of the business, and helped drag down the wider FTSE 100 index of leading shares in London. The poor financial performance of BP, followed by a 68% fall in quarterly profits from rival Exxon Mobil in the US and further weakness in the price of crude, depressed stock markets on both sides of the Atlantic on...
  • Boy's Camp ISIS: Bill Roggio, Thomas Joscelyn

    02/02/2016 12:53:14 PM PST · by Lorianne · 5 replies
    John Batchelor Show ^ | 01 February 2016 | John Batchelor inteviews Long War Journal journalists
    Podcast: first 19 minutes
  • China announcing 400,000 steelworker job cuts

    02/02/2016 12:42:44 PM PST · by Lorianne · 42 replies
    World Socialist Website ^ | 01 February 2016 | Samuel Davidson
    Three million [more] workers in the steel, coal, cement, aluminum and glass industries are expected to lose their jobs in the next few years as these industries seek to cut production by 30 percent.
  • The government wants to know who is buying luxury real estate in New York and Miami

    01/31/2016 3:26:14 PM PST · by Lorianne · 26 replies
    Washington Post ^ | 13 January 2016 | Renae Merle
    Since the 2008 financial crisis, wealthy buyers swooping in and paying cash–sometimes anonymously–have become the bane of traditional homebuyers. Now the Treasury Department says it wants to know if some of those luxury buyers are laundering money through their purchases. The department’s Financial Crimes Enforcement Network will require title insurance companies that help facilitate such deals to identify the people behind all-cash purchase of high-end homes in Manhattan and Miami-Dade County, Fla. The temporary order intends to pierce the confidentiality often sought by luxury buyers who rely on shell companies or limited liability companies to shield their identity. The requirement...
  • Oil price crash: Saudis told to embrace austerity as debt defaults loom

    01/31/2016 1:17:32 PM PST · by Lorianne · 70 replies
    Telegraph (UK) ^ | 30 January 2016 | Mehreen Khan
    Kingdom faces a future of higher taxes and low fuel subsidies amid fears the world's weakest oil producers will soon begin to buckle ___ Saudi Arabia faces years of tough austerity as the worst oil price crash in the modern history forces the kingdom to make radical cuts to government largesse, the International Monetary Fund has warned. The world's largest producer of crude oil will need to "transform" its economy away from oil revenues, which make up more than 80pc of the government's wealth, according to Masood Ahmed, head of the Middle East department at the IMF. The Saudi monarchy...
  • Thousands march in Paris rain to protest state of emergency

    01/31/2016 1:13:34 PM PST · by Lorianne · 27 replies
    Big Story/AP ^ | 30 January 2016 | Chris Den Hond
    Thousands of people marched in the Paris rain on Saturday to denounce plans to renew France's state of emergency and revoke the French citizenship of dual nationals convicted of terrorism. Human rights groups, politicians and unions joined the march in the French capital, and in other demonstrations around France. The protests came just days before the Cabinet plans to review a measure on Wednesday to prolong the state of emergency, first imposed after the Nov. 13 Paris attacks that killed 130 people. The state of emergency gives more power to police and administrative authorities, allowing for searches without warrants, house...
  • Here’s What Genuine Tax Reform Looks Like

    01/29/2016 11:11:56 AM PST · by Lorianne · 18 replies
    Wall Street Journal ^ | 22 December 2015 | John H. Cochrane
    Left and right agree that the U.S. tax code is a mess. The men and women running for president in 2016 are offering reform plans, and proposals to fix the code regularly surface in Congress. But these plans are, and should be, political documents, designed to attract votes. To prevent today’s ugly bargains from becoming tomorrow’s conventional wisdom, we should more frequently discuss the ideal tax structure. The first goal of taxation is to raise needed government revenue with minimum economic damage. That means lower marginal rates—the additional tax people pay for each extra dollar earned—and a broader base of...
  • China’s Zoomlion Heavy in $3.2 bid to buy Texas Heavy Equipment Maker

    01/29/2016 11:06:34 AM PST · by Lorianne · 8 replies
    China Money Report ^ | 30 January 2015 | D. Collins
    China’s Zoomlion Heavy Industry Science & Technology Co confirmed on Wednesday an unsolicited takeover bid for Terex Corp, the US crane and construction machinery maker. The deal will be vital to Zoomlion’s transformation and the implementation of the company’s global strategy, and it will help increase Zoomlion’s revenue and profits. According to a Terex statement, Zoomlion has offered $30 per share for the company, valuing it at $3.2 billion. The offer is twice Terex’s stock price on Monday, which closed at $15.01 per share in New York. The shares surged 37 percent on Tuesday to $20.5, pushing its market capitalization...
  • The Brothers Vonnegut: Science and Fiction in the House of Magic

    01/29/2016 9:46:15 AM PST · by Lorianne · 5 replies
    Amazon ^ | 2015 | author Ginger Strand
    My review: This book is fascinating on so many levels but one of the most interesting, and unexpected, is the government-science collusion in the study and manipulation of WEATHER and climate. Bernard Vonnegut, Kurt's brother was a scientist at GE. Kurt worked there in the public relations department (as did later Ronald Reagan). The author herself never claims this however, it is not hard to see the connection to this early government manipulation and hold over climate science and the origins of "climate change" came from government funded studies of weather by GE (General Electric) in the post war years....
  • 48.9% of Union Members Worked for Government in 2015

    01/29/2016 7:00:02 AM PST · by Lorianne · 9 replies
    CNS News ^ | 28 January 2016 | Terence P. Jeffrey
    The percentage of American wage and salary workers who belonged to a union was only 11.1 percent in 2015, but the percentage of union members who worked for government was 48.9 percent, according to data released today by the Bureau of Labor Statistics. “The union membership rate--the percent of wage and salary workers who were members of unions--was 11.1 percent in 2015, unchanged from 2014,” the BLS said in press release published today. But the 7,241,000 government workers whom the BLS estimates were members of unions in 2015 equaled almost half of the estimated total of 14,795,000 union-member wage and...
  • Another Massive U.S. Company just Left the Country

    01/27/2016 2:51:54 PM PST · by Lorianne · 14 replies
    China Money Report ^ | 26 December 2015 | D. Collins
    Johnson Controls strikes $20bn Tyco acquisition Johnson Controls has agreed to acquire Tyco International in a $20bn industrial tie-up that will allow the manufacturer to slash its tax bill by moving its corporate domicile from the US to Ireland. The transaction is structured as a reverse takeover that will see Tyco shareholders own 44 per cent of the combined group, while Johnson Controls investors will hold the remainder and receive $3.9bn in cash. It values Tyco shares at $34.88, an 11 per cent premium to its closing price at the end of last week High quality global journalism requires investment....
  • Brussels shuts borders and calls for refugee camp for 300,000 to be built in Greece

    01/27/2016 1:56:28 PM PST · by Lorianne · 43 replies
    Daily Mail UK ^ | 25 January 2016 | Gianluca Mezzofiore, James Slack, John Stevens, Daniel Martiny
    Belgium has called for vast refugee camps holding up to 300,000 refugees to be built in Greece in a desperate attempt to stem the flow of migrants from Syria and other nations outside Europe. At an emergency summit of European leaders yesterday, Belgian migration minister Theo Francken raised the spectre of setting up 'closed facilities' in Greece to be operated by the EU. He said that the Greeks 'now need to bear the consequences' of being too weak to guard their own borders and called for Athens to face an EU 'sanction mechanism' under which the rising number of refugees...