22nd December 2014                                                                                                                                                        
Home / Tag Archives: Money News

Tag Archives: Money News

Ukraine’s Civil War Is Restarting

Ukrainian Government is said to have air-dropped leaflets: “leave or die.” Introductory note by Eric Zuesse: Below is from a recent day’s report by the Belarusian (or “Byelorussian”) management-consulting firm Geopolitics, a site which often posts the most-penetrating daily reports ...

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Obama Misrepresents the Russian Economy

Eric Zuesse A report posted October 15th at Russia Insider (a Russian website), headlined “Russian Industry Expands Rapidly In September, Hammers Expectations: Fastest growth since 2012. Manufacturing up 3.6%. Food production shows double digit growth.” This contradicts many reports in U.S. media, ...

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The Dark Heart of the Libor Scandal

Mark Vorpahl  | Though, for most, the London Inter-Bank Offer Rate (Libor) interest rate fixing scandal appears to be distant and far too complex to understand, its potential consequences may be as economically devastating as a world war. The Libor is used ...

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The American Empire Is Bankrupt

This week marks the end of the dollar’s reign as the world’s reserve currency. It marks the start of a terrible period of economic and political decline in the United States. And it signals the last gasp of the American ...

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Top Secret Credit Crisis Bailouts

Interesting stories are stacking up again so it’s time for some economic potpourri starting with secret dealings by the Fed. Fed Refuses to Release Bank Lending Data, Insists on Secrecy The Fed refused yesterday to disclose the names of the ...

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The Banality of Corporate Evil

By Phil Mattera Our culture worships spunky small businesses and entrepreneurship.  Stewart Parnell epitomized that ideal and was living the good life in Lynchburg, Virginia until last month, when his Peanut Corporation of America (PCA) was linked to one of ...

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A Short History of US Government Handouts

By Stephen Lendman Global economies are withering while Washington conceives “Financial Recovery Plan(s) from Hell,” according to economist Michael Hudson in his latest February 11 article. Bankers demand more trillions, “or (they’ll) plunge the economy into financial crisis.” What they ...

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‘Serial abuser’ in charge of bail-out cash

By PAUL HASTE TAX justice campaigners accused the Treasury on Sunday of handing a “dodgy” former trustee of the Liechtenstein royal family’s secretive bank control over taxpayers’ money. US citizen Glen Moreno, the chairman of the Pearson corporation, which owns ...

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VIDEO: Bailout Bait & Switch

If there was ever proof that the federal government and the banking industry are working to protect the interest of each other, here it is. First the 2005 pro-banking bankruptcy “overhaul”, not this. Granted, there was some well-meaning intent behind ...

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We don’t need to “Rescue” this system

Revolution | Millions of people in the U.S., the wealthiest country in the world, are homeless. People’s need for shelter and other facilities does not determine what actually gets built.  Instead, if more profit can be extracted by building luxury ...

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Michael Moore on the auto industry bailout

Friends, They could have given the loan on the condition that the automakers start building only cars and mass transit that reduce our dependency on oil. They could have given the loan on the condition that the automakers build cars ...

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No More Shop till You Drop

By Ruth Conniff | Black Friday is only a day away, and it doesn’t look good for retailers. A front-page story in The New York Times, “To Buy Children’s Gifts, Mothers Do Without,” describes a trend away from shopping responsible ...

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The Rescue Plan Needs to be Rescued

Via Dirt Diggers Digest | Twice in the past month, the Bush Administration has sounded the alarm about the economy and pushed through unprecedented measures: a $700 billion buyout of toxic assets from financial institutions and now a $250 billion plan ...

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THE LIST: WHAT A TRILLION DOLLARS WILL BUY

Andrew Davis, Libertarian Party One trillion dollars ($1,000,000,000,000) is enough money: To buy everybody living in Los Angeles at least one Lamborghini Gallardo. To buy 88,052, 394′ custom mega yachts; enough to stretch around ¼ of the world. To buy ...

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Most Corporations Don’t Pay Income Taxes

By Richard Rubin | Most corporations, including the vast majority of foreign companies doing business in the United States, pay no income taxes, according to a Government Accountability Office report released Tuesday. During the eight-year period covered by the report, ...

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Profiting from Iraq’s occupation

By Harry Cohen | The British in Basra are unpopular and mostly ineffective. The last survey of Basra residents by BBC Newsnight indicated that 86 per cent believe British troops have had a negative effect on the Iraqi province since ...

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Billions of Dollars Unaccounted For in Iraq

MotherJones | Want to see a signature worth $320 million? Click here. It belongs to Jack Gardner, an official with the now-defunct Coalition Provisional Authority, who in July 2003 authorized that amount to be transferred to the Iraqi Ministry of Finance ...

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BBC kept £106,000 of charity cash

By Leigh Holmwood | The BBC today apologised for keeping £106,000 made from premium-rate phone calls on about two dozen shows that should have been given to charity. In the latest scandal to hit the television industry over phone-ins, the BBC ...

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The US Economy and the Costs of War

By Dave Lindorff | Is the Iraq War to blame for America’s long-term economic decline and for the current economic crisis? Martin Neil Baily, a chair of the Council of Economic Advisers under President Bill Clinton, and now director of ...

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Alistair Darling in £50bn gamble to aid banks

By Robert Winnett Alistair Darling will unveil an unprecedented scheme to offer £50 billion in taxpayer-backed loans to high street mortgage lenders today in an attempt to solve the credit crisis. The Chancellor hopes that the cash injection – the ...

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Defiant Brown defends his economic record

By Andrew Porter, Robert Winnett and Myra Butterworth Gordon Brown has been forced to defend his premiership and in particular his economic record as he faced mounting criticism over the credit crisis. As Britain’s biggest mortgage lenders snubbed his calls ...

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How Brown makes the poor pay more tax

Socialist Worker And widens the gap between the rich and the rest of us LOSER: Call centre worker Abolition of bottom rate tax band will hit a 24 year old who earns less than £18,000 a year, but must now pay ...

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Confessions of an Economic Hit Man

I’ll admit it: I used to admire John McCain. To paraphrase the UFO poster from “The X Files,” I wanted to believe. Specifically, I wanted to believe the guy talking tough about campaign finance reform was committed to getting money ...

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Federal Reserve could be given more power

America’s Treasury Department will tomorrow put forward plans for a revamp of US financial regulation in an attempt to curb the lending excesses that triggered the credit crisis. The new blueprint, drawn up by Treasury secretary Hank Paulson, would, if ...

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Blackwater sells itself as a peacekeeper

Blackwater Worldwide, the private security company whose guards are accused of shooting dead 17 Iraqi civilians last year, is attempting to reposition itself as a peacekeeping force as work in Iraq begins to dry up. Adverts have appeared in security ...

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Fears mount over US economy

  The US economy has been hit by more bleak news, with a series of announcements adding to an already gloomy picture. A slump in consumer spending, another drop in the dollar, and oil prices at new highs pushed the ...

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Banking with Hitler during World War II

thecounterpunch This investigative film shows in detail the roles played by the Anglo-German banking Cartel (notably the Bank of England controlled by the Rothschild and the Chase National Bank controlled by the Rockfeller as well as the Harriman/Bush‘s Bank) through ...

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The McDonalds Happy Meal Report Card

[Seminole County, Florida, is a hotbed of opposition to teaching evolution] AD AGE - “This is a good day for parents and children in Seminole County and anyone who believes that corporations should not prey on children in schools,” said ...

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Dollar Mixed As Wall Street Tumbles

Associated Press The dollar rose slightly against the euro and pound on Friday, benefiting from nervous currency investors withdrawing from risky “carry trades.” A slumping Wall Street, which fell more than 300 points on Friday, drove traders away from those ...

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Sinking dollar alters the game in 2008

Templewest Almost every news network did a story in 2007 about foreigners coming to the states to shop and invest, even in real estate.  What compelled this behavior? Among the many troubles confounding Fed Chairman Ben Bernanke during this credit crisis is the ...

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