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£250m bill to fund college places in UK for foreign students

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Amid the soaring tuition fees burdening British students, a new controversy has erupted, revealing that over £250 million of British taxpayers’ money is allocated annually to fund university education for students from other EU countries. This revelation has stirred public outcry, especially as domestic students are warned of graduating with substantial debts due to the impending tripling of... 

UK’s government debt reaches £1 trillion or £40k per household

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Counting the cost: Britain's £1trillion National Debt means it will pay interest of nearly £120million a day - more than the government spends on defence. Britain’s government debt smashed through £1 trillion ($1.59 trillion) for the first time yesterday – a staggering £40,000 per household. Campaigners branded the milestone ‘terrifying’ and warned that taxpayers will have to foot the... 

U.S. national debt reaches $14 Trillion

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The United States just passed a dubious milestone: Government debt surged to an all-time high, passing $14 trillion – $45,300 for every person in the country. That means Congress soon will have to lift the legal debt ceiling to give the almost maxed-out government an even higher credit limit or dramatically cut spending to stay under the current cap. Either way, a fight is ahead on Capitol Hill,... 

Global food chain stretched to the limit

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Activists from India's main opposition Bharatiya Janata Party (BJP) women's wing shout slogans against the Congress-led government during a protest against an increase in milk, vegetables and food prices in New Delhi on April 1, 2010. The BJP activists protested against the price hikes of essential commodities. Food inflation is still at 17 percent according to official figures. Strained by... 

Obama Orders Military To Prepare For Spring Food Riots

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A grim report prepared by France’s General Directorate for External Security (DGSE) obtained by Russia’s Foreign Intelligence Service (SVR) states that president’s Obama and Sarkozy have “agreed in principal” to create a joint US-European military force to deal exclusively with a Global uprising expected this spring as our World runs out of food. According to this report, Sarkozy, as head... 

Illinois faces 66% tax boost amid budget crisis

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Reps. Dan Brady, right, R-Bloomington, and Roger Eddy, R-Hutsonville confer on the House floor during a session at the state Capitol in Springfield, Ill. Illinois Gov. Pat Quinn defended a massive increase in state income taxes passed by lawmakers Wednesday and promised to quickly sign the measure to help heal the state’s ailing finances. Lawmakers worked overnight to pass the increase to raise... 

Virginia considers replacing the US Dollar with Gold

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Virginia Creates Subcommittee To Study Monetary Alternatives In Case Of Terminal Fed “Breakdown”, Considers Gold As Option. In what may one day be heralded as the formal proposal that proverbially started it all, the Commonwealth of Virginia introduced House Resolution No. 557 to establish a joint subcommittee to “to study whether the Commonwealth should adopt a currency to serve... 

Belarus facing unprecedented sanctions

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Fears are growing that the authorities may try to take the young son of Andrei Sannikov, one of the country's leading opposition leaders, into care. Belarus will be issued an ultimatum on Wednesday by the EU to immediately release political prisoners or face unprecedented sanctions. Sergei Martynov, Belarus’s foreign minister, will be told that the EU expects “the immediate release... 

Sarkozy Calls for the End of the US Dollar

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French president Nicolas Sarkozy Calls for the end of the US Dollar while US president Barack Obama calls France “biggest ally”. There’s little doubt that the world’s superpowers are now fighting a new war. It’s not a cold one, or a hot one. No tanks, bombs or poison gas. At least not yet. But open hostility between Europe, Brazil, China, India and the United States blanket the headlines... 

US unemployment rate stands at 21%

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While the recent drop in the official unemployment rate is attributed to the fact that Americans have given up looking for jobs, a former Senate candidate says that the actual jobless rate stands at 21 percent. “When you look at the overall joblessness picture, and the fact that the true unemployment rate in the United States, as Paul Craig Roberts has pointed out is actually somewhere around... 

Soros: USA must stop resisting dollar decline, global currency and NWO

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In the video you are about to see, George Soros talks about “the creation of a New World Order”, he discusses the need for a “managed decline” of the U.S. dollar and he talks at length of the global need for a true world currency. So just who is George Soros? Well, he is a billionaire “philanthropist” who came to be known as “the Man Who Broke the Bank of... 

US government watchdog says IRS is tormenting struggling taxpayers

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Calls increased use of liens during tough economic times unnecessary. A government watchdog says the Internal Revenue Service is tormenting struggling taxpayers in the midst of a slumping economy by increasing the number of liens the agency has filed against people who owe back taxes. The IRS filed nearly 1.1 million liens in the budget year that ended in September, a 14 percent jump over the previous... 

Hungary, Ireland and others snatch retirement accounts is California next?

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Uncle Sam wants your money. The avalanche of failing governments in Europe has left many legislators with no choice but to seize European taxpayer savings and pension accounts to cover the governments’ bills. The seizure of pension accounts is easily accomplished in Europe as the state organizes and is in charge of said accounts. The extended recession has left many countries no choice but to get... 

US Home Foreclosures Warned May Top 100,000 In January

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A bank-owned home in Miami, Fla., where foreclosure sales made up 39.7 percent in the most recent quarter, according to RealtyTrac. Analysts expect more foreclosures in early 2011. Over the holidays, many lenders put foreclosures on hold. But that temporary freeze is over now. Industry watchers are expecting thousands of foreclosed properties to hit the market in the weeks and months ahead. Home foreclosure... 

Estonia to adopt euro at New Year

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Estonia will become the third ex-Communist country to embrace the euro Estonia is just hours away from becoming the 17th member of the eurozone – the first ex-Soviet state to adopt the EU’s single currency. The changeover from the kroon to the euro starts at midnight (2200 GMT) in the small Baltic nation of 1.3m people. Despite market pressure on the eurozone and the bail-outs of Greece... 
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