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The Real Disgrace Of Athens: Homeless Epidemic Given No Attention

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The Mayor of Athens referred to Golden Dawn as the “embarrassment” of Greece, yet the Mayor goes back to being absent when it’s time to address serious issues such as homelessness. Because of the memorandum, Greece now is going through its worst period in modern history. Unemployment is through the roof, millions are impoverished, and yet new taxes are being levied by the system on those “lucky”... 

EU releases bailout funds for Cyprus

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Cypriot women hold a protest outside the parliament, which was to debate a 10-billion-euro EU bailout, in the capital Nicosia on April 30, 2013. The European Union has handed over the first installment of a 10-billion-euro bailout to Cyprus as part of the aid package agreed earlier this year. The bloc’s European Stability Mechanism said in a statement on Monday that Cyprus received two billion... 

Corporations, humans and taxes

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The question for people who live and work abroad is whether they can turn themselves into corporations. Corporations are, as lawyers have known for years, and as the now famous case of Citizens United reminded us, (even though it did so by being misread by many commentators) people just like the people who live in the house next door. Since corporations are people and have the same rights as people,... 

A Lost Generation: The need for a new system

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Our wonderful economic model, you know, the one with endemic unemployment, ever-rising prices, frozen salaries, homelessness, worsening public services and increasing taxation, has failed the next generation (or three) miserably. The ILO’s latest report on employment reads like a social terrorist manual. And these are the policies blindly followed by the drivers of the western economy, the FUKUS... 

Greece's youth unemployment hits 60%

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Rise: A man walks outside a Greek Manpower Employment Organisation office,in central Athens. Greek youth unemployment rose above 60 percent for the first time in February Greek youth unemployment rose above 60 per cent for the first time in February, reflecting the pain caused by the country’s crippling recession after years of austerity under its international bailout. Greece’s jobless... 

Is corporate power pushing Americans over the edge?

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Americans are now more likely to die by their own hands than from a car accident or a murder-related incident, a grim statistic that shines a light on abusive corporate practices. Judging by the latest data by the Center for Disease Control, something is driving Americans to become their own worst enemies: From 1999 to 2010, the suicide rate among US citizens between the ages of 35 to 64 soared by... 

Guantanamo Bay consumes $900,000 per prisoner annually

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Maintenance of Guantanamo has been revealed to cost over $150 million each year, with immediate estimates citing it one of the most expensive prisons in the world. This comes as the hunger strike at the detention facility is far from over. Follow RT’s day-by-day timeline of the Gitmo hunger strike. The prison camp situated at the US naval base in Cuba costs over $900,000 annually per prisoner, placing... 

74 people killed, 99,043 others displaced by flash floods in Kenya

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At least 74 people have been killed and more than 99,000 others displaced as flash floods triggered by heavy downpours struck a number of areas in the East African state of Kenya. The Kenya Red Cross Society (KRCS) said on Friday that 40 people have been killed so far in Rift Valley, 21 in Eastern Kenya, and seven in coastal regions. The agency said the floods have also claimed four lives in Western... 

Spaniards hold mass anti-austerity demos

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Thousands of demonstrators in Madrid take part in a Labor Day protest against the Spanish government’s austerity policies, May 1, 2013. Thousands of protesters have staged rallies in Spain to express resentment against austerity measures, recession and the soaring rate of unemployment in the country. Spaniards took to the streets in some 80 cities in trade union-organized Labor Day demonstrations... 

Europe hasn't even begun to tackle its problems yet

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In order to deal with its economic problems and further develop, Europe needs to deregulate its market and cut bureaucracy, but it does exactly the opposite, Chris Clarke, from Nottingham Trent University Business School told RT. In Clarke’s opinion, Europe is not even making an attempt to do the right thing to turn-around its economic woes. RT: Greece is the worst-hit in these latest figures and... 

Eurozone unemployment rate hits record 12.1 percent in March

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Eurozone unemployment rate hits a record 12.1 percent in March 2013. The Eurostat data agency says eurozone unemployment rate has hit a record-high 12.1 percent in March, up by 62,000 from the previous month. According to the data, some 19.2 million people in the eurozone are receiving government financial assistance. As the jobless rate in the 17-nation eurozone climbed for the 23rd consecutive month,... 

Italy new PM vows to reverse austerity, pursue growth

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Italy’s new Prime Minister Enrico Letta delivers his speech at the parliament in Rome on April 29, 2013. Italy’s new Prime Minister Enrico Letta says the coalition government will pursue growth policies to reverse an austerity drive which is killing Italy. The remarks were made on Monday during Letta’s inaugural speech to parliament. “Italy is dying from austerity alone. Growth policies... 

U.S. Companies Purchased 900 Million Rounds of Ammo from Russia

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The outlandish purchase of billions of rounds of ammunition by the federal government has created a serious shortage in the United States. In response, according to a Russian website (Lenta.ru), suppliers in the United States are turning to Russia to fill the gap. From Lenta.ru (translated by Google) on Friday: U.S. private companies purchased from Russian producers 900 million rounds of ammunition... 

Over 3.2 million jobless in France: Labor Ministry

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An office of the French state-run employment agency, Pole Emploi, in the northern Paris suburb of Pantin. The French Labor Ministry says the number of unemployed people in France increased by 36,900 in March, reaching 3.224 million for the first time since 1997. The French ministry said on Thursday that the number of registered jobseekers in the eurozone’s second-largest economy surged by 1.2... 

Public confidence in EU at record low levels

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The harsh spending cuts by the EU governments have triggered massive protests in many European countries. The file photo shows anti-austerity protesters marching towards the Greek parliament in Athens. New data show that public confidence in the European Union has dropped to record low levels in six biggest EU countries amid high unemployment rates and a deepening recession in Europe. According to... 
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