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UK's super-rich double wealth over past decade

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Len Blavatnik As the EU tries to battle its way out of financial crisis, the British mega rich continue to gain capital, according to the Sunday Times’ Rich List. It revealed that during the past 10 years the top one percent’s fortunes more than doubled in the UK. The combined assets owned by the 1,000 wealthiest individuals in the UK have hit a new high of £547 billion ($831 billion), up from... 

Cars Software belongs to us, even if you Buy this Car - General Motors

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Senator Ron Wyden and Rep. Jared Polis discovered that Section 1201 of DMCA’s broken anti circumvention laws. Last week they introduced a bill to fix this part of the DMCA. Thanks to DMCA 1201, John Deer claims it still owns the tractor you thought you bought it from it, instead, John Deer claims you’re really just licensing that tractor: In the absence of an express written license in... 

Australia To Start Taxing Bank Deposits

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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... 

Rich get richer from fewer labor unions

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A study by the International Monetary Fund tracked three decades of income and found that as unionization declined, the wealth of the richest 10 percent in advanced countries showed a continuous increase. More specifically, the study’s authors found that when researching income levels during the period of 1980-2010, the decline in unionization explained about half of the rise in incomes for the... 

More than 3,000 Americans renounce US citizenship in 2014

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More than 3,000 Americans renounced their US citizenship or long-term residency in 2014, a new record, according to the US Department of Treasury. The number of US citizens who gave up their citizenship last year reached 3,415, a 14 percent increase from the 3,000, who did so in the previous year, which was also a record. Many experts believe the trend is accelerating due to the US government’s... 

China fines US tech firm record $975mn over antitrust violations

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US chipmaker Qualcomm has received the largest fine in Chinese corporate history from anti-monopoly regulators who claim the company needed to lower its patent fees as they were “stifling innovation.” China is the world’s biggest mobile phone manufacturer and has fined Qualcomm $975 million (6.088 billion yuan) over unfair market dominance. Qualcomm has now agreed to lower its royalty fees on... 

Russia Cuts Off European Gas Supplies, Starts Selling Dollars

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Vladimir Putin has been silent lately. But if anyone thought he had been shamed into defeat or marginalized, then think again. In the last few hours Russia has announced two key strategic decisions that show they are not going to stand idly by while their economy and way of life are destroyed by Western forces. First, presumably in response to stiff sanctions leveled by the United States and the European... 

Kenya court charges key ivory trafficker with illegal trade

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A Kenya Wildlife Services ranger standing guard in front of an illegal ivory stockpile at Tsavo National Park, southeast of the capital, Nairobi. A court in Kenya has charged an ivory trafficker with the illegal trade and smuggling of elephant tusks. Judicial sources said Wednesday that Feisal Ali Mohamed was charged in a court in Mombasa, the country’s second-largest city. The charges include “dealing... 

Bankster Lobbyists Try to Sneak Derivatives Bailout in Budget Legislation

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More evidence Congress is a subsidiary of Wall Street and the banks. On Friday Michael Krieger, the editor of Liberty Blitzkrieg, wrote about a behind the scenes effort by banksters to include a provision in government funding legislation that would make the Federal Deposit Corporation responsible for financial derivatives losses. Last October, Krieger wrote about a similar push to put American taxpayers... 

EU slams Israel new settlement plans

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The European Union’s new foreign policy chief, Federica Mogherini, has slammed the Israeli regime for its new plans to continue illegal settlement expansion on the occupied Palestinian lands. Mogherini made the remarks on Friday in a joint press conference with Israeli Minister for Foreign Affairs Avigdor Lieberman in al-Quds (Jerusalem) during her first visit to the occupied region as the EU’s... 

US charities fund Israel's secret nuclear weapons program

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The Dimona nuclear weapons production facility in Israel A new federal lawsuit in the United States seeks immediate release of a government report about how American charities contribute to Israel’s secret nuclear weapons program. The Institute for Research: Middle Eastern Policy has filed a lawsuit in the DC District Court to obtain an unclassified study conducted in 1987 for the Pentagon titled... 

UK refuses to pay £1.7 billion bill demanded by EU

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British Prime Minister David Cameron in a press conference in the EU headquarters in Brussels on October 24, 2014. The British prime minister says his country will refuse to pay a £1.7-billion bill demanded as budget contribution by the European Union (EU), calling the Union’s behavior “appalling.” “We are not suddenly going to take out our checkbook and write a check for two billion euros... 

5% of Americans hold 63% of country's wealth - Federal Reserve

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The US Federal Reserve chair has expressed concern about increasing wealth inequality in the US, saying the richest five percent of Americans hold 63 percent of the country’s wealth. Janet Yellen made the remarks at the Federal Reserve Bank of Boston Economic Conference on Inequality of Economic Opportunity on Friday. According to her, those at the very top have made significant income gains while... 

19 UK firms alleged 'complicit' in $20 billion laundering scam

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Some 19 British firms are at the center of an investigation into in a mammoth global money-laundering operation. The scheme was allegedly contrived to make $20bn (£12.5bn) worth of ill-gotten gains appear legitimate. The illicit funds are thought to have originated from criminal gangs and corrupt officials across the globe, attempting to make their dirty money appear ‘clean’ so it can... 

US senators demand probe into leaked Goldman Sachs tapes

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US Senate Banking Committee members are calling for hearings and full investigation into alleged ties between Federal Reserve supervisors and officials at Goldman Sachs, a bank the Fed was supposed to be policing. Congress must hold “oversight hearings on the disturbing issues” raised by the secretly recorded conversations between the Fed and Goldman officials, Senator Elizabeth Warren (Mass,... 
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