March 31, 2013
A day after former Cypriot President Vassilou was found to be among many elite Cypriot (politicians and businessmen) who had loans written-off by the major (now insolvent) banks; it appears the rot is far fouler than expected. In a somewhat stunning (or purely coincidental) revelation, ENETEnglish reports that Cypriot newspaper Haravgi claims that current President Nicos Anastasiades’ family businesses transferred ‘dozens of millions’ from their Laiki Bank accounts to London just a [...]
COMPANIES are the building blocks of the modern world. America has some 6m of them employing 120m people and controlling $30 trillion-worth of assets. Emerging markets are catching up: the number of Chinese companies increased by 80% in 2004-08. Globally 3m new firms are registered each year.
But are companies so good for the world? Enron and Lehman Brothers were not. Corporate debacles have scorched the global economy: the IMF calculates that the [...]
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 — [...]
Ron Paul’s Texas Straight Talk - Dec. 3, 2012.
Forget the cliff, the United States is broke.
Transcript is below. This is worth reading.
It’s the Spending, Stupid!
By Ron Paul
As the year draws to an end, America faces yet another Congressionally-manufactured crisis which will likely end in yet another 11th hour compromise, resulting in more government growth touted as “saving” the economy. While cutting taxes is always a good idea, setting up a [...]
MARC FABER: Obama Is A Disaster, The Stock Market Should Have Fallen 50%, And You Should Buy Yourself A Machine Gun
Marc Faber, publisher of the Gloom Boom, & Doom Report, told Bloomberg Television’s Trish Regan and Adam Johnson on “Street Smart” today that “Mr. Obama is a disaster for business and a disaster for the United States” and that he “thought that the market on his reelection should be down [...]
High-flying businessmen in what’s been dubbed China’s richest village finally have a taxi service that lives up to their standards – where all the cabs are helicopters.
The choppers shuttle passengers from Huaxi, Jiangsu province, eastern China, to surrounding cities in less than 10 minutes, say operators, the Tongyong Airline Company.
Huaxi – at the centre of a massive new technology and tourism hub – is said to have more millionaire residents than [...]
June 2, 2012
The Washington Post featured an article today titled “Is Bilderberg a conference on world affairs or a powerful global cabal? Depends on who you ask“.
The asserted contradiction in the headline is actually a paradox- a supposedcontradiction, while in fact Bilderberg is both of course. Yes, by all accounts it is a conference on world affairs- and yes, its core members form a powerful global cabal. So to suggest [...]
THE SUN can today reveal what it is like living in the world’s most secretive country — North Korea.
Posing as businessmen, Sun men Alex Peake and Simon Jones spent a week inside the poverty-stricken state, ruled by the most oppressive regime on the planet.
They got visas through a contact in China working for British-based Lupine Travel. They even set up fake business addresses and email accounts for the applications — [...]
JAKARTA (Reuters) – A Russian Sukhoi passenger plane with 46 people on board, including businessmen and Russian envoys, has gone missing during a demonstration flight over West Java in Indonesia, officials said on Wednesday.
Indonesia’s search and rescue agency said radio contact was lost with the plane after it descended to 6,000 feet. The Indonesia military said the plane “fell” from the sky.
The plane was carrying Indonesia businessmen [...]
For the United States to be able to withstand the challenges in the Middle East successfully, she needs to take care of the devastating economic woes at home first and get prepared for the biggest military showdown between her military and that of the Islamic Republic of Iran. The following blueprint outlines the necessary steps to be taken.
AN ECONOMIC BLUEPRINT
If the United States wants to remain the superpower of the [...]
Back when he agreed to advise the Obama administration on economics, General Electric CEO Jeff Immelt told friends that he thought it would be good for GE and good for the country. A life-long Republican, Immelt said he believed he could at the very least moderate the president’s distinctly anti-business instincts.
That was three years ago; these days Immelt is telling friends something quite different.
Sure, GE has managed to feast on [...]
The Atlanta branch of the privately owned Federal Reserve Bank has just released the incredibly timely opus on short-term stock trading titled “Playing the Field: Geomagnetic Storms and the Stock Market.” Thankfully, this piece of Federal Reserve brilliance was funded by taxpayers.
“Specifically, people affected by geomagnetic storms may be more inclined to sell stocks on stormy days because they incorrectly attribute their bad mood to negative economic prospects rather than [...]
by Merrill Goozner
The drug industry usually defends the high price on drugs – the latest cancer therapies are tipping the scales at $100,000 a year – by pointing to the large sums it spends on research and development.
It is true that drug firms spend a larger share of their revenue on R&D than most other industries, typically anywhere from 15 to 20 percent of sales.
And Eli Lilly ran a Super Bowl ad claiming the cost [...]
The trial – which opened in 2009 – has attracted huge media interest in Italy
An Italian court has convicted a Swiss tycoon and a Belgian baron of negligence over some 2,200 asbestos-related deaths.
Stephan Schidheiny and Jean-Louis de Cartier each got 16 years in prison.
The Turin court said the two had failed to comply with safety rules at building firm Eternit, where they were key shareholders. They denied the charges.