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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,... 

Nearly $1billion already spent on US military campaign against ISIS

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A pair of U.S. Air Force F-15E Strike Eagles fly over northern Iraq after conducting airstrikes in Syria, in this U.S. Air Force handout photo taken early in the morning of September 23, 2014. The US-led military operation against the Islamic State (IS, formerly ISIS) militants has likely so far cost between $780 and $930 million, according to an estimate by... 

Argentina workers burn US flags after auto parts maker fires 300 workers

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Workers laid off by an American auto parts company in Argentina have burnt US flags during a protest march on Washington’s embassy in the country’s capital, Buenos Aires. The Wednesday evening protest rally was triggered by job losses at a manufacturing plant run by US auto parts maker Lear as the Argentine automotive industry reels from an ailing economy. Hundreds... 

Obama plans to spend $1 trillion on nukes

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Despite campaigning on a platform that endorsed having “a nuclear-free world” in the not so distant future, United States President Barack Obama is overseeing an administration that’s aim has taken another path, the New York Times reported this week. On Sunday, journalists William Broad and David Sanger wrote for the Times that a half-decade of “political... 

Microsoft to cut 18K jobs worldwide

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The US software giant Microsoft has announced plans to slash 18,000 jobs from its global workforce in 2015, the largest cuts in the company’s 39-year history. In a statement on Thursday, the company described the shakeup as part of its strategy to streamline business under new CEO Satya Nadella. Layoffs represent about 14 percent of the company’s workforce... 

Argentina accuses Washington of meddling in internal affairs

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Argentina’s Foreign Ministry has accused the acting US ambassador of meddling in its internal affairs after inappropriate comments made on the South American country’s economy, Press TV reports. On Tuesday, the Argentinean Foreign Ministry summoned Kevin Sullivan, the US ambassador to Buenos Aires, over inappropriate comments on the Latin American country’s... 

U.S. National Debt Grows By More Than A Trillion Dollars In The Last 12 Months

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The idea that the Obama administration has the budget deficit under control is a complete and total lie. The idea that the Obama administration has the budget deficit under control is a complete and total lie. According to the U.S. Treasury, the federal government has officially run a deficit of 589 billion dollars for the first 11 months of fiscal year 2014.... 

Russia to appeal against US, EU sanctions to WTO

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Russia is planning to appeal to the World Trade Organization (WTO) over anti-Moscow Western sanctions, Russian Economy Minister Aleksey Ulyukaev has said. “The latest round of sanctions provides grounds to appeal to the WTO. And we will appeal,” Ulyukaev told reporters on Friday. The Russian minister also warned that Russia’s response to the new sanctions... 

US-Russia political tensions will speed up demise of dollar

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An American economist says the political tensions between Washington and Moscow will speed up the demise of the US dollar in international transactions. “The political tensions between the United States and Russia has increased or speeded up the process of which nations are doing business between countries instead of dollars and doing it with their local... 

Argentina Congress OKs law restructuring debt payments

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The Argentinean Congress has adopted a new law enabling Buenos Aires to pay back the country’s debts to US creditors, sidestepping an earlier US court ruling in favor of the bondholders. On Thursday, the lower house of Argentina’s Congress unanimously voted in favor of the new debt restructuring plan which allows the government to make debt payments inside... 

Moscow to give ‘appropriate’ response to new EU sanctions

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Building of the Russian Ministry of Foreign Affairs on Moscow’s Smolenskaya-Sennaya Square. Moscow will take “appropriate measures” in response to possible new sanctions from the European Union, the Russian Foreign Ministry’s spokesperson said. “On many levels, the Russian leadership has made it clear that we’ll take adequate measures and... 

US to ratchet up sanctions on Russia

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US President Barack Obama has announced plans to ratchet up sanctions on Russia over Moscow’s “illegal actions in Ukraine”. Obama said in a statement on Thursday the United States and the European Union will slap tougher sanctions on “Russia’s financial, energy and defense sectors”. He said the new sanctions are meant to further isolate the... 

​Argentina to get $1 billion in currency swap with China before end of 2014

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Argentina will receive the first tranche of yuan worth up to $1 billion in a massive currency swap with China before the end of this year. The deal will boost the troubled economy’s foreign reserves. It comes as part of a loan worth $11 billion signed in July by Argentina’s President Cristina Fernandez de Kirchner and Chinese counterpart Xi Jinping... 

EU poverty conference held in Brussels

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A conference to discuss the status of poverty in the European Union has been held in the Belgian capital Brussels, Press TV reports. The conference gathered over 700 politicians, academics and rights campaigners to discuss the EU’s ongoing economic crisis focusing on unemployment and social exclusion. EU governments, institutions and structures were criticized... 

EU adopts fresh Russian sanctions

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The European Union has formerly adopted a fresh package of sanctions against Russia despite Moscow’s retaliation warnings. European Council President Herman Van Rompuy announced the sanctions on Monday saying that their implementation will take place over the next few days. Referring to the ceasefire deal between pro-Russian activists and the Kiev government,... 
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