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Spain jobless rate hits new record
People wait in line at a government employment office in Madrid, Spain.
Official data show that the unemployment rate in Spain climbed to a new record of 27.16 percent of the workforce in the first quarter of 2013.
According to new figures released by Spain’s National Statistics Institute on Thursday, the total number of unemployed people in the country has passed the six million mark, reaching to...
Sweden's jobless rises to 8.8%
Swedes stand waiting at a job fair in the northern city of Arjeplog.
The Swedish national statistics office has reported that the country’s unemployment rate increased to an unadjusted 8.8 percent, mostly caused by a reckless immigration program. A 2011 Statistics Sweden (SCB) report showed that around 1.858.000 (19.6%) inhabitants of Sweden had foreign background.
Statistics Sweden (SCB) published...
Aussie universities starting to boycott Israel
The boycott, divest and sanction campaign, known as the BDS campaign, is a global civil movement that strongly opposes Israel’s occupation of Palestine. It says it hopes to promote a message of impunity of Israel in its serial breaches of international law and internal humanitarian law.
The BDS movement is spreading in Australia with one of the country’s leading academic institutions, the University...
Portugal launches fresh round of austerity measures
People protest against government austerity policies at Lisbon’s main square, Praca do Comercio, March 2, 2013.
Portugal has announced a fresh round of spending cuts in order to obtain the approval of international lenders and secure additional funds for the debt-ridden country.
The Portuguese government said on Thursday that it plans 800 million euros of spending cuts this year on public sector...
Billions lost as precious metal plummets
Billionaire John Paulson lost almost $1 billion as gold posted its steepest decline in 30 years hitting $1,361 per ounce. The precious metal is no longer seen as a safe-haven asset.
Those who decided that it was too early to dump gold for good, lost a lot in the past few days. Billionaire John Paulson lost almost $1 billion of his personal wealth in the past two days as gold price fell to its lowest...
Italian workers protest worsening economic situation
Italy’s main union leaders speak to crowds outside Parliament in Rome April 16, 2013.
Thousands of Italians have protested against the deteriorating conditions for the country’s workforce, blaming the political stalemate for the worsening economic situation.
The country’s three major unions organized the rally outside Parliament on Tuesday, where workers demanded more money to a state...
Russian president allocates $50 bn to space sector
Russian President Vladimir Putin listens during a live video link with the International Space Station from a construction site of new cosmodrome Vostochny (Eastern) at Eastern Siberia on Friday, April 12, 2013.
Russian President Vladimir Putin, in a bid to uplift his country’s space industry, has earmarked over $50 billion to Moscow’s space sector.
During a Friday visit to Russia’s new Vostochny...
Cyprus to grant citizenship to biggest foreign bailout losers
Cyprus will offer citizenship to foreigners who lost at least €3 million in state banks under the bailout deal, the country’s president has announced. The new measure, to a great extent affecting Russians, is expected to be approved on Monday.
In remarks to Russian businessmen and media in the city of Limassol, President Nicos Anastasiades stated that his cabinet is seeking to approve the relaxation...
Homeless people hold march in Greece
A homeless man in Athens
Homeless people in Greece have staged a silent march, calling on the government to provide them with healthcare and improved social services.
The protestors took to the streets of central Athens on Friday, urging the authorities to provide basic medical and sanitation facilities.
The demonstrators were carrying placards reading, “We have no slogans. We have demands.”
The...
How the looming Bitcoin crash will be exploited by globalists
There’s a bigger agenda happening with bitcoin that needs to be publicly stated, and this goes far beyond the issue of the financial harm that will be caused when the bitcoin bubble finally implodes.
Central banks hate bitcoin. They hate it because it doesn’t allow them to loot bank accounts (Cyprus) and control the movement of capital around the globe. Bitcoin, in fact, threatens the very foundation...
Big Pharma made $711 billion overcharging seniors and disabled
The 11 largest drug companies have made $711 billion in profits in just a decade, largely due to overcharging Medicare, which does not seek out competitive prices and uses taxpayer funds to support Big Pharma.
Since Medicare is prohibited from purchasing drugs based on their cost, its prescription drug program has been making large payouts to drug companies that have overcharged the program for years,...
Italy suffers record fall in income for 2012
Italians staging a protest against austerity in Rome
Official figures show that Italian households have experienced a record fall in income for 2012, as the country’s economy is expected to remain bleak.
Italy’s national statistics agency Istat reported on Tuesday that the households’ purchasing power contracted by 4.8 percent last year, making it the worst result since 1990 for Eurozone’s...
UK authorities underestimate poverty to their own benefits
Researchers say the governments in Britain and Scotland are willfully underestimating the number of families living in poverty, local media reported.
A report backed by the Economic and Social Research Council found that ministers both at Holyrood and Westminster have failed to “effectively define” deprivation.
Academics at Edinburgh University believe there is a “weakness” in the way central...
More Portugese Need Food Assistance
Portuguese people protesting against austerity measures
The economic crisis in Portugal is forcing an increasing number of people in the recession-mired eurozone country to turn to food banks for help.
“We have more people asking for our help every year, the list is growing so fast that we had to do something that isn’t our policy: create a waiting list,” said Rogerio Figueira, a volunteer with...
Cyprus, EU leaders eroded trust in European banks: Putin
Russian President Vladimir Putin
Russian President Vladimir Putin says that the banking crisis in Cyprus has revealed the unreliability of Western financial institutions.
In an interview on Friday with Germany’s state-owned ARD television before an April 7 visit to the European nation, Putin accused Cypriot and European Union leaders of undermining confidence in Europe’s banks by taxing deposits...