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Austerity economics ‘pointless remedy’ for EU - Italy PM

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Italy’s premier has harshly criticized the EU’s recent economic policies, describing them as a “pointless remedy” for a terminally-ill patient. Matteo Renzi censured the austerity measures imposed on many European states over the past several years and said austerity economics only has caused Europe to be left behind by the United States. “The countries that have had growth in Europe have... 

The American Dream Is Dead, And Now Even The Mainstream Media Is Starting To Admit It

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A new survey has found that there is nowhere on the entire planet where the average wage earner is making enough money to live “the American Dream” Are you living “the American Dream”? If so, you should consider yourself to be very fortunate, because most Americans are not. In fact, as you will see below, a new survey has found that there is nowhere on the entire planet where the average wage... 

New Zealand minister assaulted by angry protesters after signing TPP deal

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Mass protests over the TPP in New Zealand did not pass by without humor and tomfoolery; a day after thousands took to the streets of Auckland, Economic Development Minister Steven Joyce was hit in the face with a sex toy thrown by a woman, while speaking at Waitangi. Joyce was an easy target, giving an interview to the press, following the February 4 signing of the TPP agreement, hailed as “the... 

US Justice Dept hits 80 Swiss banks with penalties

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Eighty Swiss banks have agreed to pay the US fines totaling $1.36 billion in order to avoid court prosecution, according to the US Justice Department. After the investigation has been completed all the banks are required to cooperate in related criminal or civil proceedings, said the department. The US Justice Department began its Swiss Bank Program in 2013. It provided a way for Swiss banks to admit... 

Goldman Sachs executive takes ‘personal leave’ amid Malaysian fund corruption probes

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Tim Leissner, chairman of Goldman Sachs Southeast Asia’s operations, has taken a “personal leave” amidst corruption scandals associated with Malaysia’s state-owned 1MDB fund, with which Goldman worked closely. President of Goldman’s Singapore operations since 2006 and chairman of its Southeast Asia operations since 2014, Leissner oversaw the bank’s operations in Malaysia, where it became... 

Riyadh Reduced Oil Prices to Hurt Russia, Iran

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By reducing oil prices, Saudi Arabia is waging a secret war against Russia and Iran, according to political analyst Bassam Tahhan. In an interview with RT, political analyst Bassam Tahhan said that Saudi Arabia and the other countries of the Gulf Cooperation Council are trying to force down oil prices in order to harm Iran and a number of other oil-producing countries, including Russia. “A secret... 

Obama's Priority, TPP, Is Even Worse Than Thought - Kevin Zeese

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The Trans-Pacific Partnership (TPP), a controversial trade agreement that the Obama administration spent years negotiating in secret, is “worse than we expected,” public interest lawyer and activist Kevin Zeese told Sputnik Radio. The TPP is a wide-ranging economic agreement between 12 countries in the Asia-Pacific region and the Pacific coasts of the Americas primarily aimed at deregulating trade.... 

US imposes sanctions on Iran for ballistic missile program

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The US Department of the Treasury on Sunday imposed new sanctions on Iran. The US Department of the Treasury says it has imposed new sanctions on Iran for its ballistic missile program. The Treasury Department made the announcement in a statement issued on Sunday, only a day after sanctions targeting Iran’s nuclear energy program were lifted. The statement said five Iranian citizens and a network... 

General Electric says will slash about 6,500 jobs in Europe

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General Electric (GE) has announced that it is planning to cut up to 6,500 jobs in Europe and in those energy units it acquired from France’s Alstom last year. “The restructuring plan will touch several European countries and impact potentially 6,500 jobs out of 35,000,” a GE spokesman told AFP on Wednesday, confirming an earlier report in the L’Est Republicain newspaper. According... 

World's second-highest skyscraper completed in Shanghai

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China has managed to complete the construction of the world’s second tallest high rise in Shanghai. It took six years of construction for the 632-meter-tall Shanghai Tower to be completed. The Shanghai Tower pushed Chicago’s 442-meter Willis Tower out of the Top 10 list for the first time since it was completed in 1974. The tower broke ground back in 2008, as the third tower in the trio of skyscrapers... 

Riyadh Reels as Oil Prices Plummet

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Falling oil prices are emptying Saudi Arabia’s state coffers as the country grapples with its military and social needs, according to the French newspaper Les Echos. Plummeting oil prices have ridden roughshod over the state coffers of Saudi Arabia, which is currently trying to cope with its military and social needs, journalist Yves Bourdillon wrote in an article which was published by the... 

Brazil inflation hits 13-year high

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Official figures show inflation in Brazil last year hit the highest level since 2002. Official figures show that Brazil’s inflation hit the highest level in 13 years in 2015 over what many believe has been a result of economic mismanagement that has been worsened by a political crisis in Latin America’s biggest economy. The government announced on Friday that annual inflation reached 10.67... 

Feared Collapse Of United States And Saudi Arabia In 2016 Cause Russian Dread

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A highly disturbing Security Council (SCRF) report circulating in the Kremlin today is warning that the coming year, 2016, may very well see the collapse of the governments of the United States and Saudi Arabia as the citizens in both of these nations have begun revolting against the massive corruption these regimes rule by—and which should they both collapse would launch upon the entire world an... 

Europeans Finally Losing Patience With NATO’s Reckless Mess

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Amid the mounting refugee crisis caused by “NATO’s non-stop campaign of overseas military misadventures”, Europeans are becoming “increasingly wary of multiculturalism, neo-liberal reforms, austerity measures – and now, it seems, even NATO itself,” according to American writer and journalist Robert Bridge. Bridge cites as an example a recent raid conducted by the Polish military police... 

Chinese stock markets halted after tumbling 7% in 1st 2016 session, dragging Europe down

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Trading was suspended on Chinese markets after stocks tumbled 7 percent in the first trading of the year, triggering the new “circuit breaker” system limiting volatility, which was introduced in December. The fall from Asia led to a slump in European stocks as well. The 15-minute suspension happened about 90 minutes before market’s regular closure and followed a brief 15-minute halt early in... 
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