And all of us tax-paying citizens will be paying for it… President Obama, without consent of Congress or the American public for that matter, cleared the way for millions of illegal aliens to stay in the United States. He also opened the door for them to receive a massive amount of money from the American taxpayer, without having to do a damn thing. Now that illegal aliens are able to get Social... 

More than 30 years after Argentinian forces made a failed attempt to seize the Falkland Islands from the British, Argentina’s Central Bank has announced the introduction of a 50 peso note with the archipelago emblazoned on the front. On the reverse side of the colorful note is an image of Antonio Rivero, the Argentinian rebel leader who led an 1833 uprising in an effort to reclaim the islands from... 

Composite image showing the relationship between brain surface expansion and age in children 3-20 years. Bigger brains and better cognitive skills in children are linked to higher family income and education, a research reveals. The study, which was carried out by a group of researchers from the Saban Research Institute of Children’s Hospital Los Angeles (CHLA) and Columbia University Medical... 

Up until now, the world’s descent into the NIRPy twilight of fiat currency was a function of failing monetary policy around the globe as central bank after desperate central bank implemented negative and even more negative (in the case of Denmark some four times rapid succession) rates, hoping to make saving so prohibitive consumers would have no choice but to spend the fruits of their labor, or... 

International rating agency Moody’s has downgraded the long-term issuer rating of Ukraine to the second lowest Ca grade from Caa3, leaving the outlook negative and a high possibility of the country’s imminent default. “Although negotiations over the specific details of the restructuring are only now getting underway, Moody’s believes that the likelihood of a distressed exchange, and... 

Don’t look now, but Washington just blinked. As we’ve documented exhaustively over the past week, pressure has been building steadily for the US to strike some manner of conciliatory tone towards China with regard to the Asian Infrastructure Investment Bank, a China-led institution aimed at rivaling the US/Japan-backed ADB. Britain’s decision to join China in its new endeavor has prompted a... 

The US oil and gas giant is demanding millions of euros in back taxes from Russia. US oil and gas giant ExxonMobil is demanding millions of euros in back taxes from Russia. Russian officials say Exxon chief executive Rex Tillerson was in Moscow for closed-door meetings with Energy Minister Alexander Novak. The Kommersant daily says Tillerson is contesting taxes paid on the Sakhalin-1 project in the... 

A visit to a pharmacy is like a tour to a museum for many Ukrainians now. They rather come to check out the price tags than to buy anything. Pensioners, the biggest clients of pharmacies, have been suffering the most. The hryvnia has seen 40-percent devaluation over the last month and an 11 percent tax has been levied on almost all imported goods. This has forced many Ukrainians to do without any... 

It’s time to think about the prospects of creating a currency union between Russia, Belarus and Kazakhstan, President Vladimir Putin has said. “We think the time has come to talk about the possibility to form a currency union in the future,” Putin said Friday at a meeting with his Kazakh and Belarusian counterparts Nursultan Nazarbaev and Aleksandr Lukashenko in Astana. It’s easier to protect... 

On Monday, the US reached its legal debt limit of $18 trillion, more than the country’s entire GDP. Lawmakers will either have to again lift it, or attempt to cap spending. As of March 12, the US Treasury reported federal debt at $18,114,324,000,000.00 in its daily treasury statement. This figure is above the statutory debt limit, which was extended by Congress through March 15 this year. Treasury... 

Egypt has published official plans for a brand new capital city, located next to Cairo, which it says will be constructed with investment from Gulf states. The new city, which will house five million people, is expected to be built in under seven years. “We are talking about a world capital,” housing minister Mustafa Kamel Madbouli said during a press event at Sharm-el-Sheikh, where the country... 

In another awkward blow to the rapidly waning US-dollar hegemony, America and Britain just had their “It’s not you, it’s me” moment. Late yesterday, the government of the United Kingdom announced that they would be applying to join the Chinese-led Asian Infrastructure Investment Bank… as a founding member. This is huge. Right now, the United States dominates the global financial system. But... 

The failure of EU countries to prepare for the needs of their aging populations was debated at length during this conference in Brussels. A new report from The Wold Bank was released at the conference and it highlights how birthrates in the EU are falling, young adults are migrating from the bloc because of the economic crisis and people are living longer while still retiring at a relatively young... 

Following a governing council meeting of the European Central Bank it was announced that quantitative easing will begin in the eurozone from next Monday. In a desperate move to stimulate the euro, the currency used by 19 EU countries, the ECB will print money to buy €60bn worth of bonds each month. The bank has raised its eurozone economic growth forecast for this year from 1% to 1.5% but ECB President,... 

The euro has dived to its lowest level against the dollar in 11.5 years after the European Central Bank (ECB) announced a new stimulus program. On Friday, the euro dropped to USD 1.0963 in currency trade markets, marking the lowest level since September 2003. The record low came a day after a meeting by the ECB governing board in the Cyprus capital Nicosia, during which the central bank announced...