Economy

Panama’€™s 1st solar power plant begins operating
Panama's government has put into operation the country's first solar plant at a cost of approximately $10 million, authorities said. The 2.4 MW plant, inaugurated Thursday by President Ricardo Martinelli at the Sarigua National Park in central Panama, was built with the support of the Italian government and Rome-based Enel Green Power... [...]
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UK: Local government cuts hitting poorest areas hardest, figures show
Cuts average 25.3% in 10 most deprived areas of England, and 2.54% in 10 least deprived areas. The most deprived communities in the country are bearing the brunt of government cuts while more affluent areas are escaping relatively unscathed, according to an analysis of official figures. [...]
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Bill Moyers: Trans-Pacific trade pact is death for democracy
While most of us are in the dark about the contents of TPP, which Obama aims to seal by year end, corporate lobbyists are in the know about what it contains. Obama and the rest of the neoliberal (“free-trade”) Democrats are dying to implement it, and the Republican servants of the same fine CEOs are not far behind. [...]
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€‹FED up? Hundred years of manipulating the US dollar
Monday 23 December marks the 100th Anniversary of the creation of the Federal Reserve System - the Central Bank of the United States of America. The mainstream media are keeping remarkably quiet about this key milestone. [...]
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Russia follows the yellow brick road, increases gold reserves
Russia continues its gold buying spree, adding 0.3 tonnes to its 996.4 tonne stockpile, marking a nine month increase, according to the IMF’s June statistics report. [...]
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Germany to repatriate gold from US, France
Germany's Bundesbank plans to store half the national gold reserves in its own vaults by 2020. It will mean the return of 700 tons of the precious metal from the US and France [...]
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“China plan to quit dollar infuriates US”
An analyst says China plan to quit the dollar draws anger from Washington. Finian Cunningham made the remark in a Sunday column for Press TV amid escalation of tensions between US and China over Beijing's enforcement of an Air Defense Identification Zone (ADIZ). [...]
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‘Not to share wealth with poor is to steal’: Pope slams capitalism as ‘new tyranny’
Pope Francis has taken aim at capitalism as "a new tyranny" and is urging world leaders to step up their efforts against poverty and inequality, saying "thou shall not kill" the economy. Francis calls on rich people to share their wealth. [...]
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Veterans Day: 40 percent of NYC veterans need food assistance
Roughly 40 percent of New York City’s military veterans are finding themselves facing hunger with few options for help, and the problem may be get worse in the future. According to Margarette Purvis, the president and CEO of the Food Bank for New York City, about 95,000 veterans need food aid such as those offered by soup kitchens and other hunger-relief organizations. [...]
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US to lose out if it keeps stiffening Bitcoin regulations
Bitcoin is an indiscriminate and pure technology, with which you can be anywhere and be anybody and still be able to spend - that'€™s why it'€™s very popular in the developing world, economist Jeffrey Tucker told RT. "Bitcoiniacs" has set up the first ever bitcoin ATM. Is this pushing legal boundaries? How will the authorities view this? [...]
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China Signals ‘Unprecedented’ Policy Changes on Agenda at Plenum
Chinese Politburo member Yu Zhengsheng said reforms to be discussed at a Communist Party meeting next month will be unprecedented, adding to signs that leaders are resolved to spur far-reaching policy changes. [...]
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Renminbi rising: China’€™s “€˜de-Americanized world”€™ taking shape?
China'€™s leadership will soon usher in bold reforms to support a domestic consumption-driven economic model, and globalizing the renminbi as an alternative store of wealth to the US dollar is at the center of the strategy. The scathing commentary published by China’s state-owned Xinhua news agency calling for a "de-Americanized world" was undoubtedly music to the ears of many in the developin [...]
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Brain drain: Funding and industry leave America, followed by top minds
The US government spending crisis has caused visible pain for research and innovation in America. Already this year, billions of dollars in federal cuts due to sequestration has affected federal grants for scientific research. But this problem is only the tip of a much bigger problem facing the redundant superpower. [...]
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Exclusive: Signs of declining economic security
Four out of 5 U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream. Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor and loss of good-paying manufacturing jobs as reasons for the trend [...]
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Millionaire GOP Congressman Tells Furloughed Workers To Take Out Loans To Pay Bills
WASHINGTON -- Rep. Steve Pearce (R-N.M.) has a suggestion for any of the hundreds of thousands of furloughed government workers worried about being able to pay their bills: take out a loan! In a post on his personal Facebook page that was later deleted, Pearce urged government workers to call their banks and take out a short-term loan if money is tight. [...]
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Shutdown of US govt & “debt default”: Dress rehearsal for privatization of federal state system?
The ‘shutdown’ of the US government and the financial climax associated with a deadline date, leading to a possible ‘debt default’ by the federal government, is a money-making undertaking for Wall Street. Several overlapping political and economic agendas are unfolding. [...]
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Losing faith: Global financiers look to de-Americanize
A US debt default could hit on Thursday, and world leaders are second guessing the dominant role America plays in finance. Regardless of the final decision in Washington, confidence and credibility in the US has already eroded. In an editorial published by the Chinese state-owned press agency Xinhua, a columnist says the US economy has ‘failed’ and put many countries who hold state assets in d [...]
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The World Is Going To End If We Don’t Raise the Debt!
This is a one way trip to collapse, your only choice is to be ware and prepared or historical roadkill. Get your Silver Bullet Silver Shield coins. Peter Schiff Warns of Economic Collapse and Martial law Collapse of the Industrial Civilization | Interview with Michael Ruppert Dollarocracy: Desecrating Democracy One Dollar at a Time | Interview with Robert McChesney [...]
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Collapse of the Industrial Civilization | Interview with Michael Ruppert
Abby Martin speaks with Michael Ruppert, investigative journalist and author of "Crossing the Rubicon," about destructive energy policies, the global energy crisis and the potential for a collapse of industrial civilization as we know it unless people become more than just passive actors. Peter Schiff Warns of Economic Collapse and Martial law “Dollar valueless, about to [...]
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Russell Brand & Alex Jones: The Spiritual Revolution
Russell Brand talks to Alex Jones about humanity's spiritual revolution and the source of the elite's power. Peter Schiff Warns of Economic Collapse and Martial law Collapse of the Industrial Civilization | Interview with Michael Ruppert Dollarocracy: Desecrating Democracy One Dollar at a Time | Interview with Robert McChesney “Dollar valueless, about to crash” [...]
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