The widening gap between America's richest and the middle and working classes is unsustainable and is unlikely to improve a survey released on Monday by the Harvard Business School has found. The study which is called “an economy doing half its job” said that while large American companies were showing signs of recovery and were maintaining their competitive edge on the world stage, many mi [...]

Banks worldwide are warning of the financial folly that would follow Scotland's decision to exit the United Kingdom. Scotland's big banks talk of relocating to London, and other businesses are watching currency and economic ripples as the decision nears. Scotland’s population of 5 million will go to the polls on September 18 to decide whether or not to break its 307-year union with the United [...]

The vote taking place this weekend in Kiev-controlled territories is part of the Maidan junta's desperate quest for legitimacy. Nazis still dominate Ukrainian politics, while Kiev dreams of a military "final solution" for the east. In 2001, the Austrian economist Hans-Hermann Hoppe wrote a book titled ‘Democracy: The God that Failed’, in which he – among other things – compared the proc [...]

America – its government, businesses, and people – are nearly $60 trillion in debt, according to the latest economic data from the St. Louis Federal Reserve. And private debt – not government borrowing – is the biggest reason for the huge deficit. Total US debt at the end of the first quarter of 2014, on March 31 totaled almost $59.4 trillion – up nearly $500 billion from the end of t [...]

British intelligence services, including MI5, secretly spied on a number of prominent academics with socialist leanings "for decades," including Oxbridge dons Christopher Hill and Eric Hobsbawm, secret files disclosed on Friday show. The historians were among a number academics at the UK’s top universities who were placed under rigorous surveillance by the security services after officers b [...]

Moscow has accused NATO of using the Ukrainian crisis as a “pretext” to “push its military presence closer to Russia’s borders,” and says that plans for a new rapid response force will sabotage the peace process in eastern Ukraine. “The [expansion] plans have been harbored by NATO for a long time, and recent events have served as a pretext to put them into action,” said a statemen [...]

Three of Britain's mainstream party leaders have temporarily abandoned their seats of power in Westminster to travel to Scotland. The trip is part of a last-ditch effort to sway Scottish opinion toward a "No"™ vote in the upcoming independence referendum. Journeying separately and addressing different audiences throughout Scotland on Wednesday, Prime Minister David Cameron, Liberal Democrat le [...]

Reddit, Netflix, Foursquare, Mozilla, Vimeo, and Wordpress are backing the ‘Internet Slowdown’ protest against proposed US regulations that would segregate internet surfing speeds and kill “net neutrality.” The September 10 protest features a revolving icon – symbolizing slow connectivity – illustrating how losing net neutrality would harm websites and other online services. [...]

The rise of violent extremism around the world is the fault of "certain states" and"intelligence agencies" that have helped to create it and are failing to withstand it, Iranian President Hassan Rouhani said in an address to the UN General Assembly. Speaking at the 69th session of the UN General Assembly on Thursday, Rouhani said that extremism is not a regional but a global issue, and called o [...]

USA Today reports: “President Obama spends Tuesday soliciting congressional support for expanded military action against the insurgent group known as the Islamic State.” The Jacksonville Journal-Courier in Illinois reports today: “President Barack Obama’s plans to expand the U.S. military role against Islamic extremist groups could overstep his authority, according to a longtime Jackson [...]

Marine Le Pen, the leader of France's far-right National Front party, says the EU is to blame for the crisis in Ukraine as it forced the situation where Kiev had to choose between East and West. Now that France is joining sanctions against Russia over the alleged direct interference in the political crisis in Ukraine and Paris is considering suspending the €1.2 billion deal of two Mistral hel [...]

Surging support for Scottish independence saw the pound fall to a 10-month low. The head of the "Better Together" campaign, however, denies panic among the ranks despite a plan to grant Scotland more powers if Scots reject independence. The latest opinion poll, conducted by YouGov and the Sunday Times, put the pro-independence movement in the lead for [...]

Ukraine may face epidemics of preventable diseases like polio due to a government failure to stockpile vaccines and organize inoculation, the UN's health body warned. The shortage is aggravated by devaluation and a planned ban on Russian drugs. The healthcare system of Ukraine was not in good shape to start with, and the political crisis and the subsequent civil war further damaged it, the Worl [...]

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 during hisLatin America tour- shortly before t [...]

The EU “does not see or is unwilling to see” Russia’s efforts to establish peace in Ukraine, Moscow said in response to the bloc's new sanctions. Despite Brussels’ “non-constructive” policy, Moscow is committed to help implement the peace plan. “We are sorry that the European Union has adopted a new round of sanctions. We have repeatedly expressed our discontent with the previousl [...]

London - Friday 19 September 2014, the morning after Scotland votes for independence from the UK. And David Cameron said to Alastair Darling, “Stretch out your hand over Scotland so that locusts swarm over the land and devour everything growing in the fields, everything left by the hail.” So Darling stretched out his staff over Scotland, and Cameron made an east wind blow across the land al [...]

Four subcontractors, working to decommission the crippled Fukushima nuclear power plant, are suing the Tokyo Electric Power Company, in the first-ever such case, saying they were never compensated for working in the radioactive area. According to Japanese media, the lawsuit is demanding the utility company pay a total of ¥91.4 million ($868,000) in “dangerous-work” benefits. [...]

Hundreds of protesters marched from the center of Newport in a show of opposition to the NATO Summit. There are reports of several marches taking place in other Welsh towns. An estimated 500 NATO opponents made a three-mile trek to the venue in a peaceful protest through Newport. The turnout appears to be well below the 2,500 predicted by organizers. [...]

All Ukrainian refugees of pension age will receive their pensions in Russia, Deputy PM Olga Golodets has said in a radio interview. She oversees the social and health policies of the government, and said that Russia and Ukraine had a bilateral agreement allowing citizens to receive pensions in another country if the need arises. “We will pay the pensions to the refugees,” Golodets told repo [...]

Examining the rise and (possible) fall of the European Union and the Euro, John Peet and Anton La Guardia tell a damning tale. Europe specialists at the Economist, the authors are free marketers. They’re also believers in a United States of Europe. They begin by assessing the economic and socio-political rationales for the Euro. They outline the free trade and prosperity that a mutually depen [...]

Evidence of America's widening wealth gap since the 2007 financial crisis show that the bottom tier of US income earners is falling rapidly behind on the nutrition front. Meanwhile, the diets of higher wage earners are also sub-par. Despite government efforts to promote nutritional awareness, a 12-year study shows that eating habits in the United States remain a national concern. [...]

Britain could conduct airstrikes in Syrian regions captured by Islamic State (IS, formerly ISIS) militants, UK Prime Minister David Cameron has said. He added that he did not need permission from Syrian President Bashar Assad. Speaking at the start of the NATO summit in Wales on Thursday, Cameron said he did not recognize Assad as a legitimate leader, labeling him as “part of the problem.” [...]