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Apple and Tesla decline to comment on merger rumors
A meeting last year between top Apple brass and Tesla CEO Elon Musk has sparked speculation that the hugely successful electronics maker is interested in purchasing the forward-thinking electric car company.
According to the San Francisco Chronicle, the man in charge of mergers and acquisitions at Apple, Adrian Perica, met with Elon Musk about one year ago. Details of the meeting are unknown, but...
Scotland has everything to become one of the world’s richest countries
Scotland has oil, it’s small and can adopt the same regulatory measures as Singapore or Switzerland. That’s everything it needs to eventually join the list of the richest nations of the world, Dominic Frisby, author of ‘Life After the State’, told RT.
“Scotland has the oil, it’s small, its population is less than 5 million and it has the same record. It has the opportunity to install the...
Germany Americanizes Europe
Many see German policy in the European Union as a forceful advancement of Germany’s interests at the expense of other countries – EU members. There are even suspicions that the crisis in the EU is a project of Germany designed to secure the economic recovery (the European Commission even started an investigation). Berlin is not going to stop in its plans.
In late 2013 the European Commission...
The American dream is dead
“The U.S. worked hard to create the American dream of opportunity. But today, that dream is a myth.”
Economist Joseph Stiglitz, Financial Times
If you follow the financial news, you already know that the American people are on an epic downer. Just check out some of these headlines I pulled up in a five minute Internet search and you’ll see what I mean:
“Gloom and doom? Americans more pessimistic...
UK lawyers to protest legal aid cuts
Hundreds of British barristers, lawyers and law students are set to attend a protest gathering in London to express their opposition to proposed legal aid cuts.
The protest gathering entitled ‘One Bar: One Voice – United for Justice’ has been organized by the Bar Council, which represents legal professions in England and Wales and will be held at Lincoln’s Inn in central London.
Legal...
Bosnia prepares for fresh anti-government protests
Bosnia and Herzegovina was bracing itself for fresh nationwide rallies on Saturday amid warnings that public anger over the dire economic situation is pushing the country to the brinks.
In a TV interview late on Friday, Interior Minister Fahrudin Radoncic cautioned the government that its indifference and inaction could trigger more unrest. He called for a large-scale campaign to uproot corruption...
UK firms accused of trying to destabilize Argentina economy
The escalation of the economic crisis in Argentina has forced the government to take drastic actions that had been rejected in the past, due to the impact they could have on the people. This time the Central Bank raised the interest rates by 3%.
While the Argentine economy faces a complicated and serious agenda to solve, The problem is intensified by destabilizing moves of foreign firms, such as the...
Greek state hospital workers go on nationwide strike
State hospital workers in Greece stage a strike in central Athens to protest at the government’s austerity measures.
Greek state hospital doctors, nurses and administrative staff have held a strike to protest the government’s austerity measures which allegedly aim to make the healthcare sector “more efficient.”
Hundreds of hospital workers congregated outside the parliament building...
Bank Run Fears Escalate as Russian Lender Bans Cash Withdrawals
Fears of bank runs have escalated with the news that Russian lender ‘My Bank’ has banned all cash withdrawals until next week.
“Bloomberg reports that ‘My Bank’ – one of Russia’s top 200 lenders by assets – has introduced a complete ban on cash withdrawals until next week. While the Ruble has been losing ground rapidly recently, we suspect few have been expecting bank runs in Russia....
The Hows and Whys of Gold Price Manipulation
The deregulation of the financial system during the Clinton and George W. Bush regimes had the predictable result: financial concentration and reckless behavior. A handful of banks grew so large that financial authorities declared them “too big to fail.” Removed from market discipline, the banks became wards of the government requiring massive creation of new money by the Federal Reserve in order...
60,000 US Veterans Face Homelessness
Thousands of US military veterans face homelessness and chronic conditions like alcoholism and post traumatic stress disorder, despite millions of dollars in government spending on the group.
The Department of Veterans Affairs (VA) has said it is extending a grant program designed to help reduce homelessness among veterans, making $600 million available over the next two years.
The Department of Housing...
Israel, Pentagon 'big winners' in US spending bill
US President Barack Obama speaks with military personnel while viewing an Iron Dome missile battery on March 20 at Israel’s Ben Gurion International Airport.
The Pentagon, defense industry and Israel came out as big winners in a bipartisan $1.1 trillion omnibus spending bill that would pay for government operations through October, a report says.
The massive measure, unveiled Monday night, fleshes...
Gold's Safe-Haven Role is Over, Or Is It?
As gold broke below the psychologically important level of $1,200 an ounce late in December of 2014, the mainstream financial media burst with headlines like this one from Marketwatch, “Gold’s Safe-Haven Role is Over“. The Noble prize winning economist from The NY Times, Paul Krugman, penned a wicked missive on the ‘barbarous relic’ by invoking Keynes and the absurdity...
US crushing middle class into poverty
An American economist says the country’s middle class population is being pushed further down the scale of economic capability.
“…the income distribution has been severely hurt. It is so badly skewed now that all of the evidence is clear – a very small percent of the population receives almost the entire gain and income increases and the wealth is being concentrated in the top, is extremely...
Monsanto announces high profits and major expansion in Latin America
Biotech titan Monsanto saw its shares surge by more than 2 percent on Wednesday morning after announcing better-than-expected first quarter earnings earlier that day.
The company said that for the quarter ending November 30, 2013 it earned $368 million, or 69 cents per share. One year earlier, the company earned only $339 million during that period, the Associated Press reported.
In all, the AP added,...