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Top CEO pay has increased by 54% since 2009

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The pay of top CEOs from the 350 largest companies in the US has increased by 54.3 percent from 2009, to an average of $16.3 million per year – six times greater than that of the top 0.1 percent of wage earners, according to new study. According to the study by the progressive think tank Economic Policy Institute, $53,200 was the average annual salary of the worker in 2009 and it has remained stagnant... 

Moscow Furious After Both Belgium And France Freeze Russian State Assets

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Russia has summoned the Belgian ambassador to Moscow and threatened to “respond in kind” after bailiffs instructed nearly 50 Belgian companies to disclose Russian state assets, a move which reportedly sets the stage for the seizure of Russian property in connection with the disputed $50 billion Yukos verdict. Essentially, Russia was required to submit a plan for a €1.6 billion payment pursuant... 

US hospitals overcharging patients ‘because they can’

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The 50 hospitals overcharging patients are marked in the US map. A new study shows that 50 hospitals in the United States charge uninsured patients around 10 times more than the normal care cost. Out of the 50, half are run by the Community Health Systems while 14 others are operated by Hospital Corp. of America, the Washington Post reported on Monday based on the study published in Health Affairs. “They... 

Forex scandal exposes West's dirty laundry

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A new scandal involving leading financial institutions in Europe and the US has been added to the list of previous cases. Barclays, RBS, JPMorgan, Bank of America, UBS and Citigroup are accused of manipulating foreign exchange market which the FBI says involved criminality “on a massive scale”. Four banks have agreed to plead guilty to conspiring to fix prices and rig bids in the $5.3-trillion... 

Israel ordered to pay Iran $1.1 billion

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An Israeli oil company has been ordered by a Swiss court to pay $1.1 billion to Iran in compensation in a long-standing legal battle related to a joint venture before the Islamic Revolution, the IRNA news agency says. Citing an “informed source” at Iran’s Presidential Center for Legal Affairs, IRNA said the ruling relates to the Israeli company’s sale of Iranian oil and withholding the money. Iran... 

Record number of Americans living abroad renounce citizenship

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A record number of Americans gave up their US citizenship in the first quarter of 2015, according to IRS data. This is blamed on the taxation of income earned outside the US, along with laws expanding offshore bank account and asset reporting. A total of 1,335 people renounced US citizenship during the first three months of the year, topping the previous record by 18 percent, according to data compiled... 

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... 
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