infowars.com / By Paul Joseph Watson / March 19, 2013
Former British Chancellor of the Exchequer Alistair Darling has warned that the raiding of people’s saving accounts in Cyprus could trigger bank runs across Europe.
Darling said that the unprecedented step of looting banks account of those with 100,000 euros or less could lead to a collapse in confidence because it “blows apart” the notion that such sums are protected.
“They have [...]
March 16, 2013
Nervous depositors in Cyprus rushed to ATM machines on Saturday to drain their accounts following a bailout agreement with international creditors that includes a levy on all the country’s bank accounts.
Lines formed at many ATMs as people scrambled to pull their money out after word that the €10 billion ($13 billion) rescue package Cyprus agreed with its euro area partners and the International Monetary Fund included one-off levy [...]
Japan’s government is to take the unprecedented step of buying factories and machinery directly with taxpayer funds, the latest in a series of radical steps to lift the country out of its deep slump.
Premier Shenzo Abe is to spend up to one trillion yen (£7.1bn) buying plant in the electronics, equipment, and carbon fibre industries to force the pace of investment, according to Nikkei news.
The disclosure came just a day [...]
Sheriff defends free speech rights against airport official during opt out campaign
Paul Joseph Watson
November 27, 2012
A shocking video has emerged of a police officer who abides by the oath he swore to uphold the constitution by defending the free speech rights of activists who were targeted by airport officials during the opt out and film campaign.
The clip shows activists Ashley Jessica and Jason Bermas handing out flyers warning travelers [...]
QUINN ADMINISTRATION TERMINATES UNION CONTRACT
In an unprecedented step, Governor Pat Quinn’s administration late today terminated state government’s contract with its largest employee union, the American Federation of State, County and Municipal Employees (AFSCME) Council 31.
“In 40 years of collective bargaining, Pat Quinn is the first and only Illinois governor to terminate a union contract,” AFSCME executive director Henry Bayer said. “His actions will heighten employee frustration, provoke instability in the [...]
As RBS’ ATM “Glitch” Enters Fifth Day, The Bailed Out Bank Issues A Statement
Over the past week, various entities controlled by bailed out UK-bank RBS, focusing primarily on NatWest, have seen clients unable to access virtually any of their funds, perform any financial transactions, or even get an accurate reading of their assets. The official reason: “system outage”… yet as the outage drags on inexplicably for the 5th consecutive day, [...]
US President Barack Obama on Monday challenged the “unelected” Supreme Court not to take the “extraordinary” and “unprecedented” step of overturning his landmark health reform law.
Though Obama said he was confident the court would uphold the law, the centerpiece of his political legacy, he appeared to be previewing campaign trail arguments should the nine justices strike the legislation down.
In a highly combative salvo, Obama also staunchly defended the anchor of [...]
In a double-whammy of mounting geopolitical tension, Channel News Asia reports that North Korea has started fueling a rocket in preparation for a launch date set for April 12 or 13. The supposed ‘satellite launch’ is being considered a missile test by the West and in the meantimesnubbing Nobel Peace Prize winner Obama for his ‘confrontational mindset’. In retaliation Pyonyang will not be receiving food aid (according to a Pentagon official). Meanwhile, Israel National News highlights that [...]
BRUSSELS (AP) — Iran was largely cut off from global commerce on Thursday, when the company that handles financial transactions said it was severing ties with many Iranian banks — part of an international effort to discourage Tehran from developing nuclear weapons.
The action is meant to enforce European Union sanctions, as global financial transactions are impossible without using SWIFT, and will go a long way toward isolating Iran financially.
The Society [...]
Judge Diarmuid O’Scannlain called the Fed’s demand for information from prosecutors an “audacious” ruling- one which clearly crosses constitutional bounds
Victoria Pelham/Cronkite News
February 14, 2012
WASHINGTON – A federal appeals court has taken what some attorneys called the unprecedented step of demanding to know if the government plans to prosecute seven illegal immigrants who have no other criminal record.
The order from a three-judge panel of the 9th U.S. Circuit Court of Appeals cites 2011 [...]
CAPE CANAVERAL, Fla. (AP) — Astronauts may need to take the unprecedented step of temporarily abandoning the International Space Station if last week’s Russian launch accident prevents new crews from flying there this fall.
Until officials figure out what went wrong with Russia’s essential Soyuz rockets, there will be no way to launch any more astronauts before the current residents have to leave in mid-November.
FLORENCE, Alabama | FLORENCE, Alabama (Reuters) – The risk of a new U.S. recession has risen over the last couple of months, but an outright contraction will most likely be avoided, Atlanta Federal Reserve Bank President Dennis Lockhart said on Monday.
Lockhart said there is plenty the central bank could do if the economy does deteriorate further, including ramping up asset purchases or shifting their [...]
The Pentagon reportedly is looking at the possibility of letting family members visit detainees at the Guantanamo Bay prison camp.
The Washington Post reported that The International Committee of the Red Cross has been discussing a visitation program with military officials. The Post reported that while an earlier version of the Defense budget bill in Congress banned family visits, a newer version states only that Pentagon [...]
It Begins: Detroit Neighboring City Of Hamtramck Asks For Permission To File For Bankruptcy
From Detroit News:
The city of Hamtramck, desperate for cash, has asked the state for permission to take an unprecedented step: filing for bankruptcy. City Manager Bill Cooper said the city of roughly 20,000 people is staring at a $3 million deficit, fueled by a dispute with Detroit. Unless Hamtramck files for [...]