Switzerland’s cherished banking secrecy is under threat. In the ongoing battle against tax evasion, EU finance ministers have agreed to put pressure on the non-member nation to share its banking data with the Union. Investor Jim Rogers told RT that instead of trying to crack tax havens, EU leaders should address the real problems – like their own unchecked spending habits.
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CHESTER, Pa., (CBS) – It’s a story you saw first on 3 – A vicious beating inside a local high school and a cell phone camera captured it all. On Wednesday, police arrested five students they say were involved in the fight at Chester High School. Police say even more arrests could be coming. http://philadelphia.cbslocal.com/2013/05/09/school-officials-address-video-of-fight-among-students-at-chester-high-school/ In his weekly address filmed this time in Mexico City, President Obama touted his efforts to reform the immigration system. He made sure to say the “bill is a compromise,” and included this gaffe, “It would provide a pathway to earned citizenship for the 11 million individuals who are already in this country illegally.” The president said he brought up the topic because it “affects both our countries.” http://www.weeklystandard.com/blogs/obama-mexico-immigration-reform-provides-citizenship-11-million-country-illegally_720688.html# Greece will fire 4,000 civil servants this year as part of programme of austerity measures agreed with the EU-IMF “troika” as the condition for the next €8.8bn of payments in its €270bn bail-out. by Bruno Waterfield, The Telegraph: The redundancies will begin a savage round of job cuts in the Greek public sector, with another 11,000 officials due to be sacked by the end of next year. Greece is in deep recession, GDP has [...] Liver disease is now the fifth biggest killer in the UK — with the number of people dying from it rising by 20 per cent over the past decade. However, there are often no warning signs until it is far advanced, so many of us could have the potentially fatal condition without even realising it. Indeed, when the British Liver Trust recently offered members of the public on-the-spot screening, one in [...] The following warning was posted on Hestilow’s Facebook page: I fully intend to address this in far greater detail within days, but ask yourself, with all the law enforcement available in the United States, who the DHS is preparing to declare war on inside the U.S.? With the massive purchases of almost 3,000 new armored vehicles (MRAPs) and 1.6 BILLION rounds of ammunition, with associated weapons, who in the U.S. do they [...] From The Big Picture: I mentioned last week that bullish sentiment was getting a bit frothy. After a few weeks of record highs, expectations that stock prices will continue rising had surged. Not quite an extrapolation of recent trends into infinity, but getting there. This morning, I wanted to address the flip side of that — Bearish sentiment (expectations that stock prices will fall in the near future). This Pessimism remains above historical [...] TALLAHASSEE – Florida Lt. Gov. Jennifer Carroll resigned, Gov. Rick Scott’s office announced Wednesday morning. On Tuesday, she was interviewed by the Florida Department of Law Enforcement, which is assisting in a national probe of Allied Veterans of the World, a Florida-based nonprofit that operates a chain of internet cafes. Carroll once owned a public relations firm that represented Allied Veterans, and she did work for the company at the same time she [...] Texas was its own nation before joining the United States, and many jokes have been made about some Texans still not recognizing that “other government” with which it now is affiliated. But lawmakers there are drawing attention by considering a law that would have Texas review how it would respond should the U.S. government no longer be there to send federal tax revenue back to the state. 14.9% Inflation in [...] MCLEAN, Va. — A top official with the Federal Aviation Administration reassured the public on Wednesday that, despite the fear and paranoia of some, no armed drones will be permitted to fly in U.S. airspace. “We currently have rules in the books that deal with releasing anything from an aircraft, period. Those rules are in place and that would prohibit weapons from being installed on a civil aircraft,” said Jim Williams, head of the FAA’s [...] Ahmadinejad says he wants to be Iran’s first astronaut TEHRAN, Iran — President Mahmoud Ahmadinejad said Monday that he’s ready to take the risk of being the first Iranian astronaut sent into space as part of Iran’s goal of a manned space flight. “I’m ready to be the first Iranian to sacrifice myself for our country’s scientists,” the official IRNA news agency [...] Dan Greenhaus of BTIG splashes some cold water on the idea that Washington is going to sail through the upcoming budget thicket:
Not unimportantly for stocks on Friday and in front of today’s inauguration ceremonies, Republicans emerged from their VA retreat seemingly realigned. The reporting since suggests that Republican leadership was able to convince the rank of rile that going to the mats over the debt ceiling at this point was foolish and [...] The EU “will fail” in a doomsday meltdown and Britain will LEAVE unless its deep problems are tackled, David Cameron is set to declare. He had to dramatically postpone today’s hard-hitting warning to European leaders in Amsterdam because of the Algeria hostage crisis. But it emerged the landmark speech will represent the strongest attack on the EU yet made by a serving British Prime Minister. When it comes — probably next week — [...] Republicans are already pushing back against President Obama’s justconcluded “fiscal cliff” address, in which Obama said a deal is near but not yet at hand and urged further pressure on Congressional Republicans. http://www.washingtonpost.com/blogs/post-politics/wp/tag/fiscal-cliff/ by Charles Hugh Smith, Of Two Minds: At least one reader was upset that I recently chose to write about the stock market rather than the tragedy of December 14. I chose not to address the mass murder out of respect for the families of those whose lives were taken. I did not want to exploit the tragedy in pursuit of visibility or an agenda; my thoughts were solely on the families [...] Gov. Jerry Brown on Monday pardoned 79 convicted people, most who committed low-level drug offenses, in an act that is for common governors to perform around Christmas and New Year’s. All of the people who received pardons had completed their sentences and had not committed any criminal activity for more than a decade. The pardons address crimes as far back as a sentence handed down in 1954 for a robbery. While most [...] from ALLGOV: Tobacco companies must issue public statements that address the dangers of smoking and reveal that cigarette makers lied for years about their product, says a federal judge in Washington, DC.
District Judge Gladys Kessler this week rejected claims from the tobacco companies that portions of the so-called “corrective statements” violated their First Amendment rights. The corrective statements were first ordered in 2006, when Big Tobacco lost its long court battle [...] Hollywood legend Clint Eastwood says “when someone doesn’t get the job done, you gotta hold them accountable” in a new ad from conservative super PAC American Crossroads. Eastwood famously endorsed Mitt Romney earlier this year at the Republican National Convention with an unconventional address. Watch the more serious 30-second spot below: http://www.weeklystandard.com/blogs/clint-eastwood-obamas-second-term-would-be-rerun-first_657325.html Penny Starr In its final report on Customs and Border Protection’s strategy to address illicit cross-border tunnels issued Sept. 26, 2012, the Office of Inspector General for the Department of Homeland Security said there has been an 80 percent increase in the “tunnel activity” since 2008. “Since 1990, law enforcement officials have discovered more than 140 tunnels that have breached the U.S. border, with an 80 percent increase in tunnel [...] Neil Irwin Whoever is inaugurated as president Jan. 20 will, in the first year of his term, face a decision that will have a greater impact on the economy than any other single call he will make: Whom to select as chairman of the Federal Reserve. Ben S. Bernanke’s term ends Jan. 31, 2014, about a year after the president takes office; if the past is a guide, and given [...] http://www.ynetnews.com/articles/0,7340,L-4286332,00.html http://www.youtube.com/watch?v=OUCbWfJSw5g The richest woman in the world warned her fellow countrymen they are becoming too expensive to employ. Mining tycoon Gina Rinehart said it is becoming too costly for multinational companies who could hire workers for two dollars a day in Africa. The 58-year-old said in a video address yesterday that businesses are forced to look to other nations as the price for Australian labour is too high, something which was immediately criticized [...]
The Wall Street Journal’s Laura Meckler gets some top Obama officials to address the president’s nonpractice of campaigning for other Democrats this year, and essentially confirms the impression across the party that Chicago has one and only one priority this year: http://www.politico.com/blogs/burns-haberman/2012/09/the-obamaonly-campaign-134084.html Excerpts released by the Romney campaign from Paul Ryan’s address tonight to Republican convention in Tampa, Florida: “I accept the calling of my generation to give our children the America that was given to us, with opportunity for the young and security for the old – and I know that we are ready. Our nominee is sure ready. His whole life has prepared him for this moment – to meet serious challenges [...] It’s hard to get politicians from different sides of the aisle to cooperate in Washington these days. Thus our surprise when we read a letter from two members of the Senate banking committee, Sen. David Vitter (R-LA) and Sen. Sherrod Brown (D-OH), asking the Ben Ben Bernanke to do something that will make Wall Street howl (h/t Politico).
From the letter (which you can download here): Your proposed rule on capital standards misses a huge opportunity to address [...] |
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