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EU slaps record one-billion-euro fine on Intel
Intel has been found guilty of squeezing rivals out of the European market.
European Union antitrust regulators have fined Intel a record 1.06 billion euros, after finding the US chipmaker guilty of illegal practices to squeeze its main rival out of European markets.
The European Commission has accused Intel of using illegal rebates to push rivals out of the computer processing unit (CPU) market. The...
America: a superpower no more
Two American icons, General Electric and Berkshire Hathaway, lost their triple-A credit ratings. Then China, America’s largest creditor, called for a new global currency to replace the dollar just weeks after it demanded Washington guarantee the safety of Beijing’s nearly $1 trillion debt holdings. And that was just in March.
These events are the latest warnings that our world is changing...
Iceland seeks to alleviate economic recession by joining the European Union
Iceland hopes to start accession talks with the European Union by July, although the island’s government and its 320,000 people remain deeply divided over whether to join the bloc.
Prime minister Johanna Sigurdardottir, leader of the Social Democrats, announced late on Sunday that she had finally reached a compromise on EU accession with the Left-Greens, who oppose membership, that would enable...
Turkey Keeps Knocking, But They Can’t Come In
The leaders of Germany and France have again rejected the possibility of Turkey’s membership to the 27-state European Union, the Wall Street Journal reports. Speaking on Sunday, Germany’s Chancellor, Angela Merkel said, “We cannot take in everyone in Europe as a full member.”
She has, nevertheless floated the possibility of a loosely defined partnership with Turkey.
France’s President, Nicolas...
UK: New Report Reveals £1 Trillion Cost of Amnesty
As a large group of illegal immigrants and their supporters hold a rally in London’s Trafalgar Square in support of their demand to break British immigration law at will, a new report has revealed the £1 trillion cost of granting amnesty to the law-breaking invaders.
According to respected independent think tank Migrationwatch UK, the extra burden on the public purse is the “hidden cost”...
America Takes A Body Blow: Chrysler Bankrupt, GM in trouble
There is no way Obama can spin or fast-talk his way out of this one. Nor can he blame it on Bush as this is happening months into Obama’s presidency. Chrysler has just gone bankrupt and GM is not far behind. An AFP article reports “Chrysler was forced into bankruptcy protection Thursday… Chrysler said most of its plants will be ‘temporarily’ idled until the transaction is complete… Senior...
Obama's America losing superpower status and sinking fast, while China grows defying economic odds
In the midst of the worst economic crisis since the Great Depression, a new world order is emerging — with its center gravitating towards China. The statistics speak for themselves. The International Monetary Fund (IMF) predicts the world’s gross domestic product (GDP) will shrink by an alarming 1.3% this year. Yet, defying this global trend, China expects an annual economic growth rate...
No economic problem for outsourced countries: India and China post huge financial gains in the manufacturing sector
While America and Europe loses tremendous assets, China and India, two non-white countries rejoice by posting positive financial gains in the manufacturing sector, jobs that would have been yours if the greedy capitalists were patriotic toward the white race.
SINGAPORE, May 4 – The manufacturing sectors in China and India grew for the first time in months in April, surveys showed on Monday,...
Dmitry Orlov: "The collapse of America is unavoidable"
America must work on starting a new economy and not restarting the old one or it will resemble the former Soviet Union, says author and blogger Dmitry Orlov.
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Sharia Banking Conquers Europe
All over Europe Islamic banks are establishing branches, Western banks are offering Sharia-compliant financial services, and European governments are trying to outcompete each other in welcoming them. Proponents of banking along the lines of Sharia (Islamic law) claim that the Islamic banking system is “more ethical” than the West’s capitalist system. This is not true. Unfortunately, however,...
Land grab spreads to South Africa as mob seizes farm Zimbabwe style
An armed mob, angered over the slow pace of land reform benefits, has launched a Zimbabwean-style invasion of one of South Africa’s new multimillion pound showpiece agricultural reform projects, the biggest yet in value instituted by the post-apartheid government.
Government sources said a mob, armed with knives and machetes, had seized control of Forana farm in the rich farming area of Mpumalanga...
England desperately struggling to Get out of recession: But Labour/Tory EU Commissioners are not
Tory and Labour-appointed EU commissioners who leave their posts receive more than £1 million each in the form of pensions and benefits, according to the Open Europe think tank.
“European commissioners leaving office later this year will receive more than £1 million (€1.1 million) each in pension payments and so-called ‘transitional’ and ‘resettlement’ allowances,” Open Europe has...
Goldman Sachs: We Run Wall Street
By playing all sides of the NYSE deal, Goldman Sachs sent a powerful message. Here’s how it got so far ahead.
Dr. David Duke & Don Black Stormfront Broadcast about this report
IT WAS AS CLEAR A STATEMENT AS could be made about who runs Wall Street these days: The New York Stock Exchange, partly owned by Goldman Sachs and headed by a former Goldman president, announced in late April that...
President Barack Obama: Perhaps he can't fix it. . .
Even in the worst economic crisis since the 1930s, New York knows how to throw a party. For most of yesterday hundreds of thousands of people made a sea of green that paraded up Fifth Avenue to mark St Patrick’s Day. Tens of thousands lined the street to watch them. The all-day party, fuelled by imports of Guinness and whiskey, seemed the more intensely engaged upon as an escape from omnipresent...