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We wish you all SHALOM ! (PEACE) and a HAPPY, SUCCESSFUL 2015 !
The US war lobby is still trying to destroy Syria, but hasn't yet dragged us into World War Three. Let’s hope they can’t succeed in Ukraine either. By the way, did you know that... Donets'k, founded in 1869, was originally named Yuzovka (Yuzivka) in honour of John Hughes, the Welsh industrialist who founded the coal industry in Donbass region?
Efran Kaye is still producing masterpieces! 'HOT COFFEE' is here for you! with 4 other tracks from the master on his page...
first, 'Live To Try' a call from the Heart,
second,"Vanity Trance", which takes you on
a journey from town, far into the country,
then"Endless Sea", which asks us all the question:
where DO we go from here? and finally,
"Rising Tide", which envelopes you
in surround-sound Peace!
The brilliant Richard Gould is here with his own page, and four unique, free tracks for you to enjoy... "Our Strange Light": - cosmic! - "Thicker Than Water", an affectionate tribute to his late father, who passed on in 2011, "Creation", a sweet explosion of music...
and now "Horus" which Richard says is
just best played - no words here needed!!!
Lots of great music scattered over several Pages:
"Wales; honest & free", "It Comforts You", "We Can", "Requiem", "Be Good" "I'm Loved By God", etc.
- please watch this space for many more
great new tracks - and a few surprises! -
like "Mother Jones", "What Goes Around", and "Hey Beautiful Girl" on Poet's Page,
'Jobsworth' on the 'Jobs in the Arts' Page,
'Penrhys Hill' on Penrhys, Rhondda, Page,
& 'Plenty More Fish' and now GYPSYHOUR, on Poet's Page!
plus 'Rise Up Africa' on the 'ONE UNION" Page
and 'The White House Sparrow of Penrhys' plus 'Love is Bliss andPain', again, on the Penrhys, Rhondda, Page
and now! A Tribute to Maggie by the Glynbyerful Male (voice) Choir on their very own page!!!!!!!
Today, March the 30th, is
Land Day 2015.
Land Day commemorates the day in 1976, when the Israeli government announced its expropriation of thousands of dunams of land for Israel's security & 'settlement'.
A general strike & marches were organized in Arab towns: from the Galilee to the Negev.
In confrontations with Israel's army & police, six unarmed Arab citizens were killed, about a hundred wounded, and hundreds arrested.
This was a pivotal event in the struggle over land - and in the relationship of Arab citizens to Israeli statehood and politics.
It was the first time since 1948, that Arabs in Israel had organized a response to the Zionist project --- as a Palestinian nation.
Today is marked not only by Arab citizens of Israel, but by Palestinians across the world.
Dorothy Morris says:
Jacqueline Janine Jones
will be exhibiting at Greenspace Gallery from Saturday 24th March, to April the 18th.
I'm really excited to have this up and coming artist at Greenspace & she's been selected to exhibit her work in The RCA next September, in a group exhibition curated by Shani Rhys James.... !
Greenspace Gallery, 30 King Street, Carmarthen, SA31 1BS
at The Hollybush Inn & Campsite, on May 2nd/3rd, 23rd/24th. 30th/31st.
wristbands £5 a day, car parking & camping, b&b, restaurant etc available, book early - 01497847131 and mention hay in may when you book, this is a riverine environment with kayaking and bushcraft potential as well, just ask etc.
ROGER WATERS TO MUSICIANS:- "BOYCOTT ISRAEL"
Roger Waters formerly of Pink Floyd, in an open letter, calls on his fellow musicians to boycott the Zionist Israeli regime and follow the example of the cultural boycott against the ex South African Apartheid regime.
“Given the inability or unwillingness of our governments [to act] …. I write to you now, my brothers and sisters … to ask you to join with me, and thousands of other artists around the world, to declare a cultural boycott on Israel,” Roger Waters says in his letter.
Waters says the Zionist regime has been found guilty of major breaches of human rights and the international law by international organizations, UN officials and the International Court of Justice.
He touches on two such cases, saying the regime has been identified as perpetrating the “crime of Apartheid”, including in a statement on March 9th, 2012 by the UN Committee on the Elimination of Racial Discrimination, and the “crime of ethnic cleansing” including in East Jerusalem (al-Quds).
Waters adds that he has been a member of the Boycott, Divestment and Sanctions (BDS) campaign against the Israeli regime’s occupation of the Palestinian lands and Tel Aviv’s violations of Palestinian human rights for seven years, and now wants other musicians to also join the anti-Israeli front.
“Please join me and all our brothers and sisters in global civil society in proclaiming our rejection of Apartheid in Israel and occupied Palestine, by pledging not to perform or exhibit in Israel or accept any award or funding from any institution linked to the government of Israel, until such time as Israel complies with international law and universal principles of human rights.”
The former Pink Floyd Musician also says he has recently faced a boycott by the US media after his November 29th, 2012 address at the UN on behalf of the Russell Tribunal.
In the address, he sought accountability for the Zionist regime’s violations of the international law and the lack of United Nations resolve that prevents the Palestinian people from achieving their inalienable rights, especially the right of self-determination.
AT THE FACTORY
browse venues in Wales
Cash tickets from:
The Factory, Porth Instrumental Music, Penygraig Spillers Records, Cardiff
Indulge in a delicious cake and a cup of tea while enjoying music and sing-along songs from fantastic Welsh musicians.
The Cultural Services Booking & Information Line:
08000 147 111 or book online at
Mid Rhondda Modelling Club...
7pm - 9pm
Tonyrefail Comprehensive School Mid Rhondda Modelling Club
has been running for over 30 years.
We meet on a regular basis
& enjoy making models for display.
We encourage both Gentlemen
and Ladies to attend, and also young people aged 12+.
However, Young people under 16, must be accompanied by an adult.
£1 contribution every week. Under 16's free
Telephone Mr. Davies on 01443 686658
Comedy In The Laughter Lounge
The Park & Dare Theatre, Treorchy.
COMEDY IN THE LAUGHTER LOUNGE
Join us once a month in the intimate setting of the Laughter Lounge for some top notch comedy with some of the biggest and brightest rising comedians on the circuit.
Laugh? You'll snort like a pig!
Hilarious - TimeOut.
Figures released by The Office for National Statistics (ONS) reveal that UK pensioners are 4th worst off.... out of all of the countries in the European Union.
'Tory scorched earth policy': National Health Service signs biggest-ever privatization deal
The National Health Service (NHS) has agreed its largest ever deal to privatize services in an attempt to tackle the increasing backlog of patients waiting for surgery, scans and tests. Critics say the move is undemocratic and threatens care standards.
The deal, worth up to £780 million, will see 11 private firms perform heart and joint surgery, carry out scans and provide diagnostic tests for patients from mobile medical facilities.
NHS Supply Chain secured the deal, which marks an increase in the number of mobile units being used for procedures. Local NHS trusts will be able to buy in the services if they are suffering a backlog.
However, the move now allows the health service to rapidly buy in private services, causing concern among supporters of continued public ownership.
The Labour Party’s Shadow Health Secretary, Andy Burnham, says the contract shows that “chunks” of the health service are being sold off. The Dept of Health, however, claims the deal does not mean an increase in levels of privatization.
“It is outrageous that large chunks of the NHS are being parceled up and sold off without the permission of a single person in this country,” Burnham says.
“This now needs to become an election issue. The country has never given its approval for the NHS to be bought and sold in this way.
“This sounds like a race to the bottom. It’s clear that quality isn't a deciding factor when people with poor care records are winning contracts,” he says.
Some private companies involved in the deal have previously faced criticism for providing substandard care for patients in hospitals and care homes.
The Guardian calculates the 4-year deal can secure firms maximum profits of £780 million, with five national contracts of £240 million, £160 million, £240 million, £80 million and £60 million, respectively.
It's the largest private deal since Virgin Care was awarded £500 million in 2012 to provide community services in Surrey until 2017.
Dr Jacky Davis, founding member of Keep Our NHS Public and author of NHS for Sale:
"What we are seeing now is Tory scorched earth policy, pushing through their biggest ever NHS privatisation deal. And they are doing this ahead of an election which they're afraid they won't win because of the damage they've done to the NHS."
"Jeremy Hunt insists they aren't privatising the NHS but this is just nonsense." she adds. "Private firms don't want to run most of the NHS because they can not make a profit. But just look instead at profitable areas, where they are running up to two thirds of the services. These include community services and the diagnostic tests and elective surgery involved in this massive contract. This is privatisation by any definition."
Davis remarks that another Conservative government would "be the end of the NHS".
A spokesperson for the Department of Health calls the suggestion of greater privatization “nonsense.”
“Use of the private sector in the NHS represents only 6% of the total NHS budget: an increase of just 1.7% since May 2010.”
Vanguard, one of the companies involved in the recent deal, lost its contract with a hospital when it emerged their surgeons had performed “rushed” operations and patients reported serious complications.
They are currently facing legal action over a series of eye operations at Musgrove Hospital in 2014.
Another company, Circle, controversially pulled out of the running of Hitchingbrooke Hospital following a damning report into levels of care. Circle was the first private firm to manage an NHS hospital.
Employees from British Museum Strike against Privatization
The employees of the British National Gallery held a 5-day strike from Feb 3 to 7, against the privatization of visitor services.
The Public and Commercial Service Union (PCS) says in its statement, that the 250 employees there, oppose attempts to charge for the guide service and for public educational courses at a centre belonging to the British people.
UK ministry bids for deal with Saudi prison service
A commercial arm of the UK Justice Ministry is bidding for a multi-million pound contract with Saudi Arabia’s prison service, despite human rights concerns.
The Ministry of Justice (MoJ) hopes to profit from selling its expertise to the Persian Gulf monarchy, which faces accusations of human rights violations, the Guardian reports Sunday.
The new commercial arm of the ministry, Just Solutions international (JSi) has bid for a £5.9 million contract in Saudi Arabia; will soon start setting up a probation service in Macedonia; and is also in the running to build a prison in Oman, the report adds.
Human rights groups have raised concerns over the MoJ working so closely with Riyadh -- which is currently under scrutiny over the botched execution of a woman who died protesting her innocence, and the harsh punishment given to a liberal blogger -- not to mention the kingdom’s severe crushing of anti-government protesters.
“Amnesty has serious concerns about Saudi Arabia’s justice system, given its use of the death penalty, the prevalence of torture in detention, and its use of cruel and degrading punishment,” the report quoted Amnesty’s UK head of policy and government affairs Allan Hogarth, as saying.
The British ministry said all JSi projects had to be signed off by the Foreign Office and the local embassy after an evaluation that covers human rights, but declined to provide further details as the project is “commercially sensitive”.
The JSi bid was featured in a December report to parliament which gave details of a memorandum of understanding on judicial cooperation signed by the UK and Saudi Arabian justice ministers in Riyadh in September.
It said the contract will be “to conduct a training needs analysis across all the learning and development programs, in the Saudi Arabian prison service.”
It is also unclear how much money JSi will be able to earn for the justice ministry, or whether that income will come at the expense of other UK services, as there are no public accounts for the organization.
CO-OP STORES IGNORED AS UK FOOD STANDARDS DROP
Only the few intelligent customers who appreciate what the Co-op does to keep food standards safe, shop there now.
So many claim it's "too expensive" and shop elsewhere, as a tsunami of cheap adulterated food hits the UK public...
A newspaper report shows that over a third of food & drink sold in the UK is mislabeled.
According to the report, run by the Guardian, food samples taken recently show the huge scale of cheating and misrepresentation.
Citing laboratory tests, it says consumers are being sold food including;- mozzarella that is less than half real cheese, "ham" on pizzas that is either poultry or “meat emulsion,” and frozen prawns that are 50% water.
West Yorkshire’s public analyst, Dr. Duncan Campbell, says of the findings:
“We are routinely finding problems with over a third of samples, which is disturbing at a time when the budget for food standards inspection and analysis is being cut.”
Maria Eagle, shadow environment secretary:
“Consumers deserve to know what they are buying and eating and cracking down on the mislabeling of food must become a greater priority for government.”
A year ago, DNA tests proved that foods advertised as containing beef in the UK & across Europe, contained undeclared horse meat.
UK Students Demonstrate Against Cuts
4 people are arrested as thousands of students march through London to stop education cuts, tuition fees and student debt.
The Free Education march was held against tuition fees of up to £9,000 (11,800 dollars) a year at universities in England.
It was backed by groups including the National Campaign Against Fees & Cuts who want free higher education.
The demonstration was scheduled to finish earlier but some marchers stayed in central London: there were clashes with police.
Officers forced them back and arrested 2 people for affray, while two others were arrested for assaults on police officers.
Student groups from universities across the UK joined the march against tuition fees, student debt and spending cuts.
The march was supported by groups like the Student Assembly Against Austerity and the Young Greens.
UK parents hit by government cuts in legal aid
Official figures show that 20,000 UK parents were all forced to represent themselves last year, before family courts, after government cuts to legal aid.
According to the report, for the first time over half of the parents, or 58%, went to court with no lawyer to fight their cases in 2013/2014.
The increase in such cases follows the Tory government's decision in April 2013, to cut legal aid for most private family law issues.
The government argued at the time, that cutting legal aid to family law would result in parents solving their disputes through mediation, rather than through the courts.
However, the newly-released figures show family courts in England and Wales dealt with 19,140 more unrepresented parents compared to the previous year.
Wales bans smoking in cars with children
Smoking in private vehicles with child passengers is now banned in Wales - another UK "first", for Wales.
Although the latest research showed that the number of children being exposed to smoking in private vehicles has declined, a sizeable minority of young people is still exposed to 2nd-hand tobacco smoke and adults are continuing to smoke when children are in the cars.
"In 2012, we launched the Fresh Start Wales campaign to promote smoke-free cars carrying children and raise awareness to parents and others of the risk their smoking poses to the health of children. We made clear throughout that campaign, that we would consider the possibility of legislation when evidence of the prevalence of smoking in cars carrying children in Wales is available in the summer of 2014," says Carwyn Jones, first minister.
"There is also evidence from a primary school survey that inequalities in children's exposure to second hand smoke remains, so we'll press ahead with plans to ban people smoking in cars carrying children," he adds.
"Although the research findings show that progress has been made in reducing children's exposure to second-hand smoke in cars, we now believe that introduction of regulations to prohibit smoking in private vehicles carrying under-18s is needed as the final piece in the jigsaw to eliminate the harm & end persistent inequalities in exposure," Mark Drakeford, health minister of Wales, says.
80% of UK school buildings ‘crumbling, beyond their life cycle’
The Government must invest more in building new schools, as almost 80% of today's buildings should not still be in operation, say architects.
Children across the UK are being failed by four-fifths of schools that are “beyond their life cycle,” while 75% of existing schools still contain asbestos, the Royal Institute of British Architects (RIBA) claims.
With 250,000 extra school places needed by September, the current wave of new designs is not big enough to prevent overcrowding, the society for the architectural industry’s “Building Better Britain” report argues.
“Overcrowding in narrow corridors exacerbates bullying and harassment, fewer social areas outside classrooms limit students’ abilities to socialize,” the report adds.
The standard “baseline” designs are 15% smaller than those built under the Labour government’s “Building Schools for the Future” program, the group says.
The report says the next government must increase the cost per square metre of new schools by 20 percent.
“The new schools being built aren’t fit for purpose and will certainly not stand the test of time.”
“Years of underinvestment, coupled with the recent changes to school building, rebuilding and refurbishing programs, have left us with crumbling schools which fail those trying to learn and teach in them,” the report says.
The government’s school building scheme is slammed by teachers’ unions, who condemn the health and safety standards in schools and the low morale they cause.
“Getting rid of the Building Schools for the Future program was clearly a huge mistake,” a spokesperson for the National Union of Teachers (NUT), the UK’s largest teachers’ union, says.
“While the Education Secretary throws money at free schools and academies, many schools are being left in a dilapidated state or built where they are not needed,” the spokesperson says.
“The NUT has been at the forefront of campaigning about the presence of asbestos in our schools. It is outrageous that something which poses such a serious health threat to staff and pupils is still in place in so many schools.
“When the conditions of school premises have gone way beyond cosmetic damage and now pose a real health and safety issue, it is poor for the morale of both pupils and the community.”
London hit by anti-austerity rallies Thousands of people gathered on London’s streets on June 28th, to demand that the UK government’s austerity cuts in public spending, come to an end.
The protests started outside the BBC's offices in London as the general public, politicians, union leaders and celebrities were brought together by the People's Assembly campaign group.
Demonstrators marched towards the House of Commons, demanding “No more austerity,” and an alternative to “greed and selfishness.”
People's Assembly spokesperson:
“It is essential for the welfare of millions of people that we stop the austerity cuts and halt this coalition government dead in its tracks, before it does lasting damage to people's lives and our public services."
A protester told media that it's frustrating, and that “People want to work here if only they'd pay a decent wage. I can't always pay my way if I go out with friends.”
"If I needed to pay lots for a prescription it would be hard. And I might have to move soon but nothing is affordable,” she said. On the same day, members of the Fire Brigades Union (FBU) went on strike in protest against the government’s plans to raise their pension contributions & the retirement age from 55-60.
This strike was the 14th since industrial action over the long dispute began, last September.
‘Govt has failed’: Poverty doubles in UK over last 30 years
The number of Britons living in poverty has more than doubled over the past 30 years, a report has revealed.
About one in three UK families now live below the breadline, despite the UK's economy doubling over the same period.
UK child death rate second worst in western Europe, say experts:
Study finds only Malta has more deaths of children under five.
1,000 NHS PATIENTS die EVERY MONTH from ACUTE KIDNEY FAILURE - KILLED by DEHYDRATION and POOR CARE.
A study by kidney disease experts and Insight Health Economics, reveals now thatacute kidney injury (AKI) causes between 15,000 - 40,000 excess deaths every year, and this could be avoided if staff ensured that the sick are hydrated.
The study also finds that AKI is five times more prevalent in English hospitals than previously thought.
“We know that at least a thousand people a month are dying in hospital from AKI due to poor care,”Professor Donal O’Donoghue of Salford Royal NHS Foundation Trust, says.
“These deaths are avoidable. This is completely unacceptable and we can’t allow it to continue,” he adds.
He stresses that good basic care, including elementary checks by doctors and nurses, could save these lives and save millions of pounds for the NHS.
Health economists say AKI costs the NHS over £1 billion every year, adding that simple improvements in basic care could save this money and, more importantly, also save thousands of lives.
The NHS has been failing patients and losing public trust, since a damning report showed that 1,200 patients from January 2005, to March 2009, died at Stafford Hospital alone - due to poor care.
Experts believe the government’s cuts to the health service harm hospital care and patient safety at NHS units.
There are no figures given for Wales.
BRECON BISHOP BASHES BEDROOM TAX
People marched in London, Cardiff, Leeds, Manchester, Nottingham and other cities, as part of a national day of action against the "Bedroom Tax" policy.
They called on the government to stop the implementation of a law that cuts housing support to the poorest households.
In Cardiff, capital of Wales, dozens of people gathered outside City Hall to protest against the controversial law.
“The bedroom tax disrupts lives, breaks up families and divides communities. It cuts people adrift from important bits of their personal and family story,” John Davies, the Bishop of Swansea and Brecon, told the crowd.
He also added,“Cutting their benefit, if they stay put, achieves nothing just. It simply creates more poverty and risks deeper social problems.”
The legislation, brought in by the Lib Dems and Tories a year ago, reduces housing benefit for those with "spare" rooms. It's widely unpopular because millions already struggle with poverty.
SOLICITORS UNITE WITH PROBATION OFFICERS
Criminal solicitors and probation officers in Wales and England have staged another strike to protest at changes introduced by the Ministry of Justice (MoJ), including cuts to legal aid fees.
The 48-hour strike affected magistrates and crown courts in major cities like London, Manchester, Birmingham and Leeds.
According to the London Criminal Courts Solicitors' Association (LCCSA), police stations also faced delays, due to a decreased number of solicitors working.
The strikers assembled at Westminster for a rally, and afterwards marched to the Ministry of Justice.
Based on the ministry's plans, most probation work supervising low or medium-risk offenders are to be "outsourced" to private firms and voluntary groups.
“The government plans to outsource 70% of the probation service are untried and untested,” says Ian Lawrence, gen. sec. of the probation officers' union Napo.
Solicitors say that those accused of crimes could be at risk of miscarriages of justice if they do not have access to a “decent” lawyer, because of the legal aid cuts.
“The MoJ is taking a gamble on outsourcing supervision of the most persistent offenders on release from short-term prison sentences,” says Nicola Hill, president of the LCCSA.
The LCCSA estimates that two-thirds of legal aid firms will close if the cuts are enacted - a total of 1,000 across Wales and England.
CUTTING THE OLD
Hundreds of thousands of older people in the UK have been left without state-funded social care in the past 4 years as a result of council budget cuts and rationed services, a new study shows.
According to the report by the Nuffield Trust and Health Foundation think tanks, 245,855 fewer elderly received help with carrying out everyday activities such as bathing, dressing and eating in 2012-13, compared to 2009-10, showing a 26 percent drop.
The report also finds that the number of vulnerable elderly people receiving the "meals on wheels" service has fallen by 59% over the same period.
The study also finds that spending on home and day care services and meals by councils has fallen by 23% and 46% respectively, in recent years.
"Our analysis paints a picture of increased rationing of social care by hard-pressed local authorities in response to deep cuts from central government, despite the growing numbers of older people in the population,” says Holly Holder, a co-author of the report at the Nuffield Trust.
She also notes that “without adequate data to assess” the effects of cuts, “the National Health Service (NHS) and government are 'flying blind' managing demand and planning for the future."
A separate analysis by the Care & Support Alliance, comprising seventy charity organizations, predicts that thousands of venerable people will lose out on publicly-funded social care in the UK...
Earlier, the Age UK charity said that spending on social care for the elderly has fallen by 1.2 billion pounds since the coalition took office in 2010, despite significant increases in the number of people aged 65 and over in the UK.
MENTAL HEALTH LOCK-UP
Tens of thousands of vulnerable mentally-ill patients in the UK, are being imprisoned in "care homes", a House of Lords report says.
According to the investigation, carried out by a committee at the UK’s House of Lords, people with "mental illness" are being forced into care homes against their will, and those safeguards brought in to protect patients... are now being used to oppress them.
"The evidence suggests that tens of thousands of people are being deprived of their liberty without the protection of the law, and without the protection that parliament intended,” says the committee's chair, Lord Hardie.
The UK government passed a Mental Capacity Act in 2005, to protect those suffering from mental illness.
However, the Peers group finds that vulnerable adults are being failed by the legislation, and call for a new system to be drawn up "from scratch".
Top barristers and solicitors working in the Court of Protection, also warn that UK mental health patients are denied human rights by some judges.
They say the “marked variation” in judges’ willingness to consider patients’ wishes, amounts to a violation of their rights.
UK IS NOT A DEMOCRACY AT ALL
PM David Cameron has reneged on his pledge to let voters recall disgraced MPs, sparking a furious coalition row.
As part of the "coalition agreement" of 2010, the PM pledged to bring in "early legislation" to allow voters to force a by-election, in an attempt to deal with voter anger over the MP's expenses scandal.
"Bring forward early legislation to introduce a power of recall, allowing voters to force a by-election where an MP is found to have engaged in serious wrongdoing, and having had a petition calling for a by-election signed by 10% of his or her constituents," read the coalition agreement.
Last year, Cameron watered the proposal down to stop attempts to remove sitting MPs.
Liberal Democrats now accuse the PM of blocking the bill from inclusion in the final Queen's Speech of the Parliament.
If no bill is included in the Speech, there is really no chance of it becoming law before the UK votes in next year's general election.
Conservative MP Zac Goldsmith, a staunch supporter of the bill, comments that voters will feel deceived by the government. (Lol)
"Parties can stuff their manifestos full of clever promises, but if voters don't believe them, they may as well present blank sheets," he tweets.
"Goldsmith blames Deputy PM Nick Clegg for failing to properly support the measure, and brands the Lib Dems as "revolting".
You CAN NOT remove your MP ! (THAT's NOT democracy)
BEDROOM TAX REFUNDS OVER COCK-UP
Tens of thousands of people may have been wrongly identified as being eligible for the bedroom tax in the UK, housing experts say.
According to a report by The Guardian, a recently discovered error made by the Department of Work and Pensions (DWP) may have impacted as many as 40,000 people, forcing some to be evicted or move to smaller homes.
Although the DWP says a “small number” of people, an estimated 5,000 working-age tenants were affected by the mistake, housing experts say the figure could be as high as 40,000.
An error in legislating the implementation of the “spare room subsidy” has caused tenants to be exempt from the law.
People impacted by the loophole received reduced benefits since last April. They could now be entitled for refunds worth on average at least £640 per claimant.
The department says regulations will be "amended" to close the loophole.
The "bedroom tax" was introduced in April, 2013 as part of UK government reforms to the country's welfare system. It refers to a cut in housing benefits for claimants whose homes have a spare room.
Under the law, tenants who receive housing support lose 14% of benefits if their home has a spare room and 25% if they have more than one extra room.
Last September, the United Nations Special Investigator on Housing, Raquel Rolnik, called for the abolishment of the bedroom tax.
UK ROTTING FROM BENT MPs
Another ex-Labour MP is convicted in court for false accounting over parliamentary expenses.
Denis MacShane, ex-Rotherham MP, faces prison for making bogus expense claims of £12,900.
He pleaded guilty last November to having filed 19 fraudulent invoices in a 3-year period between January 2005 and January 2008.
During the hearing at the Old Bailey, in November, he said he used the money to fund trips to Europe.
The guilty plea comes after 4 years of scrutiny into the lawmaker’s use of MP's allowances.
The Times recently stated police have failed to pass on evidence to prosecutors about a number of fraudulent expenses claims by MPs and peers.
If you know that your MP fraudulently claimed, it is your duty to press for charges to be made, and - if the police in your area do not - then they are also criminal and deserve to be rooted out.
According to a study for the Committee on Standards in Public Life (CSPL), faith in MPs in England dropped to just 20% after 2010... and has not risen since.
Only 27% see MPs as “dedicated to doing a good job for the public”, down from 46% in 2008, a year before it emerged that dozens of MPs "misused" expenses.
THE STINK OF HYPOCRACY
According to a two-year investigation, conducted by Bedfordshire University for the Office of the Children’s Commissioner for England, children as young as 11 are being sexually assaulted by other gang members, as part of UK gang "culture".
The study focused on “chilling” abuse in gang-associated contexts, but the researchers say abuse is “widespread” and deeply institutionalised in the UK.
“We have found shocking and profoundly distressing evidence of sexual assault, including rape, being carried out by young people against other children and young people,” says the deputy children’s commissioner, Sue Berelowitz.
The research suggests that the scale of sexual assaults indicates a “deep malaise” within UK society.
A recent report by the UK’s National Crime Agency (NCA), entitled “The Foundations of Abuse,” found that UK children are still not safe from sexual abuse in institutional settings, such as schools, care homes and churches.
The National Society for the Prevention of Cruelty to Children (NSPCC) also warned in October that child victims of sexual abuse in the UK do not get the support they need to give evidence in courts.
The charity says less than 25% of the 23,000 child abuse cases in the UK last year, resulted in prosecution.
CRIME, DAMN CRIME, AND CRIME STATISTICS
Police in England and Wales regularly manipulate crime figures in order to meet targets and distort the realities about police performance, serving and retired officers tell MPs.
According to the Public Administration Select Committee (PASK) of the House of Commons, statistics on crimes are routinely falsified to showcase police performance.
PASK is tasked with considering the quality and standards of services provided by civil service departments in England and Wales.
“This is a really savage thing to say, that we can’t trust the leadership of our constabularies to measure their own performance,” says Committee Chair Bernard Jenkin, adding that he is "shocked" that these offences occur "on such a wide scale."
Retired and incumbent police officers disclosed some of the methods applied to skew information, which included devaluing crimes to unimportant ones and encouraging victims not to file complaints.
Metropolitan Police Constable James Patrick, who is now awaiting disciplinary proceedings due to the publication of a whistleblowing book, told the committee about the data manipulation.
He was seriously concerned about the distortion of information after joining the police in 2009, and finding that robberies were logged as "theft snatch”, to appear less serious.
He also found other discrepancies between the numbers of reported crimes and those finally recorded.
“Burglary is an area where crimes are downgraded or moved into other brackets, such as criminal damage for attempted burglaries, or other types of thefts,” Patrick says.
“Things were clearly being reported as burglaries and you would then re-run the same report after there had been a human intervention - a management intervention - and these burglaries effectively disappeared in a puff of smoke.”
Patrick also said he analyzed the registration of sexual offences... and found that in 80% of cases, they were incorrectly recorded as “no crime.”
LOW PAY UK NOT OK !
Traditional households with fathers as sole breadwinners, are now the biggest group living in poverty in the UK, a study shows.
The Joseph Rowntree Foundation shows that a third of all the 1.3 million families with children living in poverty in the UK are “single breadwinner couple families.”
The report also says that the risk of slipping below the poverty line is higher for children in families where only one parent works.
"Our low pay jobs market means many families reliant on a single breadwinner, find it hard to make ends meet,” says JRF policy & research manager, Katie Schmuecker.
She calls for government to tackle the barriers that prevent people from going to work, including unaffordable childcare and the lack of financial incentives to work.
The Office for National Statistics (ONS) says that UK household’s are “under pressure” as they now spend far more on "fuel and essentials".
The ONS reveals that the proportion of UK families’ income accounted for by expenditure on essentials increased from 19.9% in 2003, to 27.3% in 2013.
NHS "DOWN TO THE BONE"
A report shows that the Tory’s drive to implement harsh cuts to the NHS has caused a shortfall of nearly 20,000 nurses and is putting patients at risk.
The Royal College of Nursing (RCN) reports that there are 19,526 full-time nursing posts vacant as a result of the government’s drive to cut "costs" by 20 billion pounds before 2015.
According to officials, the number is equivalent to a shortage of 125 nurses... at every hospital.
Peter Carter, chief executive at the RCN, warns that frontline staffing levels are “down to the bone.”
“With rising demand for healthcare services, workforce shortages will have significant implications for staffing levels and the ability of providers to deliver safe, good quality care for patients,” the report reads.
The RCN and patient groups, urge ministers to impose “safe staffing” rules that would set mandatory minimum staffing levels at hospitals.
Shadow health secretary Andy Burnham:
“This report shines a spotlight on the true extent of understaffing in the NHS. David Cameron has left the NHS facing Accident and Emergency crises, with thousands fewer nurses.”
The report comes at a time when the UK government is facing increasing pressure to reinvest the surplus generated by the NHS every year.
The Foundation Trust Network wants the 600 million pounds under-spent by NHS England by March, to be used to help A&E departments under strain.
Experts predict that the NHS could experience its toughest winter ever, as there are mounting pressures on services and widespread shortages of consultants.
The latest figures show that there has been a 44% increase in patients waiting over 4 hours in A&E between April and October of this year, compared to the same period in 2011.
The NHS medical director, Professor Bruce Keogh, is to present a report on November 13th, in which he will call for radical changes to the way the NHS provides urgent and emergency care, aimed at tackling an “inexorable climb” in A&E attendances.
SCOTLAND SHOWS THE WAY FORWARD
Scotland's First Minister Alex Salmond pledges that one of the first acts of an SNP government in an independent Scotland, will be to abolish the bedroom tax.
Mr Salmond: “The bedroom tax is becoming a symbol of why independence is necessary.”
He also vows that an SNP Government will return the Royal Mail to public ownership.
Scotland will continue to invest in its future he says firmly, and notes how Scotland has kept Scottish water as publicly owned and, as a result,now has the best, cheapest UK water supplies.
BEATING UP THE WRONG GUY
A former child protection officer says UK police threatened him - to stop his investigations into child abuse by high-profile MPs, in 1990.
Chris Fay states he was threatened with a gun to his head, to avoid probing allegations surrounding Elm Guest House in Barnes, where young boys were allegedly taken to be abused by a VIP pedophile ring.
According to Fay, members of Special Branch routinely warned him, his colleagues, and even the victims when the story broke in the early 90s.
“At one point they had me up against a wall by my throat with a gun at my head telling me in no uncertain terms that I was to back away if I knew what was good for me,” Fay says.
“I was told by the police implicitly, ‘We do not want you to come to us with big names’,” he adds.
Fay, who worked for the National Association of Young People In Care, attacks the Metropolitan police for “physically” stopping the victims from speaking with the group and says that they acted like “gangsters”.
“I witnessed Special Branch officers manhandling them [the victims] and turning them away with a warning to keep their mouths shut. It was blatant,” says the 67 year-old child protection officer.
Campaigner Bill Maloney also accuses the police of protecting high-profile criminals, saying “police cover- ups to protect the wealthy” should stop immediately.
The British police have so far declined to comment on Fay’s remarks.
The next step could be to expose the scapegoating by the UK state of the abused victims themselves..
Current social work practice theory is that those who are abused, inevitably end up abusing others.
This travesty is being taught NOW at the highest ideological levels by social worker courses and to first degree and post-graduate students.
They even pervert the defence mechanisms postulated by Freud, as "evidence" to look for when "assessing" those to be scapegoated.
'Innocent until proven guilty?
Not when police and social workers collude to scape-goat those who dare to open their mouths against the UK state's injustices !
More like 'stitched up' in the UK !!!
ABUSE OF ELDERLY RISE "DISTURBING"
The number of reports of elderly & disabled abuse in the UK has jumped by 28%, a charity warns.
According to Age UK, the analysis of data from the Health and Social Care Information Centre (HSCIC) shows cases of alleged abuse against people aged 65 or over up from 82,000... to over 105,000 in 2012-2013.
70,000 plus cases were reported for investigation last year, of which 25% were related to physical abuse, 35% to neglect, and about 18% to financial abuse of vulnerable old people, the charity says.
Caroline Abrahams, charity director at Age UK describes the figures as “disturbing”:
“Any abuse of older people is unacceptable and we need a zero-tolerance approach to any abuse, whether through neglect, financial manipulation or physical or mental cruelty,” she says.
A Department of Health (DoH) official says elderly people should be protected and that they should not face abuse in their homes, or in a care setting.
HSCIC figures show that in 37% of reported cases the alleged abuser was a social care worker.
PRESENT CUTS NASTIER THAN UNDER THATCHER
The UK government’s welfare cuts and changes to taxation have encouraged economic inequality so intensely that they amount to ‘speeded-up Thatcherism.’ The divide between rich and poor is widening faster than in the 1980s, says a new report.
The slashing of UK welfare benefits and simultaneous cuts in tax credits, means that inequality will have soared twice as fast by 2015, than it did under Margaret Thatcher, says a new Fabian society report.
Working-age families with children will be particularly hard-hit in the coming years, says the report, written by economist Howard Reed. He lays out the impact of Conservative / Liberal Democrat coalition policies on household income, drawing the conclusion that the poorest families in the UK, are on a path to losing some 12 percent of their average income.
A MEDICAL EPISODE IN ENGLAND
Police in England have again tasered a young man to death before trying to arrest him, for what they describe as ‘having a knife’ in his hands inside his own home.
The 23-year-old man, named locally as Jordan Begley, had a "medical episode" after being fired with the stun gun on Wednesday evening in Gorton, Manchester.
An unidentified friend of the man told the press that eight armed police officers attended Begley after responding to a 999 call in Beard Road which said there was a man with a knife.
"They turfed his mum outside and then went in”, the friend said. "There were about eight armed response officers who went in”, he added. "He didn't have a knife though. I know for a fact he would not have had a knife”, noted the friend.
A police cordon surrounded 10 terraced houses at the end of Beard Road & a forensic tent was erected.
"I saw the lad being brought out the house and put in the ambulance. Paramedics were working away on the CPR with the doors open”, says neighbour Kirstie Porter.
"Everybody was out in the street, all the neighbours. There was police everywhere, loads of vans turned up, there was police all over with guns all over.
"The ambulance was there for about 5 or 10 minutes and then it drove off.
"His mum and brother were sobbing in the street", added Kirstie.
Another woman, who did not wish to be named, said: "There's a lot of bad boys around here but Jordan was one of the good guys."
Assistant Chief Constable Garry Shewan said: "Police received a 999 call reporting a disturbance on Beard Road in Gorton where there was a man with a knife.
"Officers were dispatched immediately and arrived in eight minutes.
"On arrival, a Taser was discharged to detain a 23-year-old man.
"At this time it is unclear what happened, but at some point afterwards the man suffered a medical episode.
"Paramedics performed first aid on the man at the scene before he was taken to hospital where he sadly died."
ORGANISED WORKERS LEAD FIGHT TO SAVE NHS
The UK's biggest unions joined forces to back mass protest at this year's Conservative Party shindig to stop the dismantling of the NHS.
Unite, Unison & GMB joined with campaign groups to spoil the Tories' recent Manchester conference.
They warn that they are about to "haunt this government all the way to the ballot box" in elections expected in 2015.
The unions promise to help swell community protests that highlight mounting public concerns over policies that could see the NHS parcelled off to private firms... the very firms which now help to finance the Tories.
A growing crisis in accident and emergency units, the imposition of £20 billion in cuts and increasing job losses, particularly among nurses, will be just some of the issues demonstrators want to arrest.
In a joint statement, the general secretaries - Len McCluskey of Unite, Dave Prentis of Unison, and Paul Kenny of the GMB, declare:
"If this government felt that its Health and Social Care Act last year would be the last word in the debate on the future of our NHS - then ministers are sorely wrong.
"The people of this country do not want a health service run by the same global boardrooms that have brought misery to every other public service, such as the energy industry, that they have got their hands on.
"We pay for this NHS to be different - to serve the public, and to ward off the twin fears of illness and poverty.
"There is simply no place in our health service for business to profit from the misfortunes of others. "
The Act passed early this year will see the NHS broken up and handed to GP "units," which, experts warn, will provide a gateway for private firms to snap up larger and larger areas of the UK's public health service.
Yet neither the Tories nor their Liberal-Democrat co-conspirators declared their intention to privatise the NHS in their 2010 general election manifestos!
The Labour-affiliated unions also advise leader Ed Miliband that he must put reversing the so-called "reform" programme higher up his party's agenda.
"We will be demanding that a future Labour government repeals the Act as a top priority -- and this should be a warning to potential private companies, not to bid for contracts."
Pro-NHS campaign Health Emergency chair Geoff Martin:
"This is a welcome move and the message has to be rammed down this government's throat that the dismantling of the NHS, through the twin attack of cuts and privatisation, will be met by all-out resistance.
"It's equally important that Labour isn't let off the hook either.
"Much of the demolition programme for the health service started under the last government and has been seized on by the Con-Dems."
Mr Martin warns Labour: "Grandstanding on the back of public outrage at the attack on the NHS would be pure political opportunism."
UNISON SAYS 'WE ARE MOVING LABOUR TO ACT'
Unison general secretary Dave Prentis warns Labour leader Ed Miliband that his union will keep criticising the Labour party until it offers credible alternatives to austerity. "People will not vote Labour mainly because they oppose what the Tories are doing," he tells the Morning Star.
"We want a Labour Party that has policies that resonate with our people."
Mr Prentis says that stopping NHS privatisation by replacing the health Act, ending cuts to local government funding, and rolling back anti-trade union laws, are to be Unison's key demands for a future Labour government. He also pledges that the 1.3 million-strong union is about to lead the biggest protests seen in the UK since the 1990 poll tax rebellion, in order to consign the coalition government to the dustbin of history. Mr Prentis says Unison is ready to lead a wave of anti-austerity action that will include demonstrations in London, Edinburgh, Cardiff and Belfast, from now, and throughout next year.
He says that the massive demonstration at the Tories' Manchester conference is "just the beginning of a major campaign in which unions and people affected by 'austerity' can show their feelings... "The other rallies will be about the health service, but they'll also be about what's happening to public services, local communities and the vulnerable. "It will include what's happening with the bedroom tax and the way in which poor families are being abused and are having to move from homes they may have occupied for decades, and out of communities that support them.
"It will be against the whole austerity programme and the timing is right, as we move towards the election period.
"I think there's a groundswell now of people who want to show their opposition - just like they did to the poll tax."
People's Assembly Offers Renewed Hope
Celebrities rally behind campaigners to launch the historic People's Assembly initiative in a bid to replace Con-Dem austerity with "common sense" politics for the people.
Over 3,000 people joined the first People's Assembly Against Austerity in London on June 22nd, before the project was rolled out across the UK to give a voice to ordinary people let down by Westminster politicians.
In the face of the government's "organised mugging," journalist Owen Jones vows that the People's Assembly will be a "formidable, broad coalition" that will reach out to communities across the countries of the UK.
He says: "There is lots of anger, lots of fear and not a lot of hope - but that's what we're going to give people."
Comedian Mark Steel appeals to people who "shout at George Osborne when he's on the TV or radio" to join the People's Assembly.
"Instead of just swearing at the TV, people should do something because the government is getting away with saying there is no alternative to the cuts," he says.
Fellow comedian and disabled activist Francesca Martinez adds that the assembly represents a "common sense" approach to politics compared to the Con-Dem government's "radical" agenda.
The assembly is backed by major trade unions representing millions of workers, including the public-sector union Unite, civil servants' union PCS and the National Union of Teachers.
Unite director of policy Steve Turner says the UK will lose the crucial public services that "our grandparents fought for" unless people resist the government's "extreme ideological" attacks.
He says his union is committed to "building a mass movement against the cuts" because the "answer to what the government is doing is not austerity-lite."
The People's Assembly seeks to provide an alternative democratic forum to Westminster, which organisers believe has "failed the people it is supposed to represent."
But that isn't stopping many progressive MPs from putting aside party differences, to give their support.
Left Labour MP Katy Clark says the People's Assembly can give people the "confidence to believe that the cuts are not necessary."
Green MP Caroline Lucas describes the People's Assembly as a "once-in-a-generation opportunity to unite against this reckless administration and expose the lie that there is no alternative to cuts."
She says the assembly will"create political space to put forward alternatives to austerity"and outlines her vision of a "labour- intensive, green economy."
SHOCK GROWTH IN TASERS
Plans to give London officers over 50% more Tasers are raising concerns over police methods, as fears grow around the unnecessary use of stun guns, an inquiry reveals.
A 66% increase in Taser use has been reported.
The number of officers issued stun guns in London’s Met will increase from 800 to almost 1,300, opening up a debate in the force over 'mission creep' risks of using Tasers for minor violations, the Guardian reports. The plan will see 40 officers per borough issued Tasers, says a new inquiry report by the London Assembly.
The decision puts the Met on an equal footing with other police forces in the UK that already have an increased number of stun guns in their units. The Sussex police force will also be extending its use of Tasers and is currently training more officers, while West Yorkshire police have been noted for their extensive use of Tasers over the past two years.
The actual firing of stun guns in the UK is also on the rise: Tasers were discharged 1,371 times in the year ending March 2011, a 66% increase over the previous year, according to freedom of information requests obtained by the Guardian.
Tasers are electroshock weapons, shaped like pistols, that disrupt voluntary control of muscles by jolting the victim with 50,000 volts of electricity.
When Tasers were first introduced in the UK, only officers with firearms training were permitted to carry them; now, an officer only needs to pass a 3-day training course to be armed with one.
These changes have prompted concerns over how Tasers are being used. Met data revealed that half of those Tasered last year were black. Also, the number of people Tasered between 2008 and 2011 with emotional and mental health problems, increased from 20% to 30 percent.
The rate of youths being Tasered has risen as well: Between 2008 and 2011, 61% of those Tasered were under 30.
There are concerns in the Met that the Taser might "become a compliance tool," the Guardian quotes deputy chief constable Simon Chesterman as telling the assembly. Chesterman says that these types of weapons have been used to enforce submission, including forcing a person out of a car, or getting consent to have fingerprints taken.
The Met had previously tried to limit police use of Tasers, but the London mayor’s office insisted on the expansion, saying that the devices could protect officers. Amnesty International argues Tasers are potentially lethal, and that stricter rules should govern their use.
Amnesty also criticizes the plan to increase the issuance of Tasers, and says it might negatively impact policing methods in the UK, as the stun guns are portable, easy to use and could cause "severe pain at the push of a button, often without leaving marks."
There is also evidence linking being hit by a Taser to long-term health issues like heart failure.
A study published by the journal Circulation has connected Tasers to irregular heart rhythms, which at times lead to cardiac arrest. It analyzed eight cases of people who were Tasered and went into cardiac arrest, opening up a wider debate around the safety of the electric stun gun. Seven of the people in the study died, and one survived.
Wales losing to South East England
Health inequalities between South East England and Wales are growing, a new analysis of census figures shows now.
The percentage of people with at least "good" health has risen dramatically in London and the south-east of England but has fallen again in the north, the midlands, and in Wales.
People in the north of England and Wales are also much more likely to have disabilities than people living in the affluent South East of England.
Experts at the Office for National Statistics (ONS) believe the figures are further proof that healthy young people are moving out of the UK's poor areas to find work in London.
Socialist Health Association director Martin Rathfelder says health funding is following these people, further cutting funding the services for disadvantaged communities in Wales.
Mr Rathfelder says that "the fundamental issue is not about the health service, it's about economics. The people who are left are mostly unwell or older people, and their children have gone to the south-east because that's where the work is."
Unite's head of health Rachael Maskell says A&E closures tend to be in the most deprived communities, bringing an added risk to the very poorest in our society.
Ms Maskell warns that unequal health service provision will be rigged even more in favour of England's wealthier communities under Con-Dem government funding plans which come into effect in April.
"The most affluent areas will have a population which will attract greater funding due to longevity and thus be able to propagate this trend," she states.
KICKING THE POOR
When asked how much of the UK welfare bill is spent on the unemployed, the average poll respondent, fooled by constant media spin, said 41%. The real figure is 3%.
The overwhelming majority of the welfare budget is spent on pensioners, children, the disabled and the working poor. As a percentage of the entire public spending budget, the amount spent on unemployment, is under 0.75%.
Instead of blaming the 1%, the UK public is conned into scapegoating the vulnerable...
Con-Dem Justice Secretary Chris Grayling announces plans to sell off the probation service to privateers.
Mr Grayling says he is looking to outsource supervision and rehabilitation programmes for all but the most high- risk ex-inmates to charities and private companies across both England and Wales.
The plan cuts an estimated 70% of the Probation Service's core work, with contractors paid by results, in a manner similar to the Con-Dems' controversial work programme.
Mr Grayling - who has no legal training or experience in the justice system - says his plan is a "rehabilitation revolution."
NAPO's assistant general secretary Harry Fletcher, speaking earlier, called the decision "astonishing":
"You're looking at 6,000 to 7,000 jobs lost because they want to make a profit out of punishment - ultimately it will put public safety at risk."
Mr Fletcher says the service has met all its targets and last year won the British Quality Foundation Gold Award for Excellence.
"This move, therefore, is purely ideological", he explains... "There is no plan for dealing with the escalation or decline of risk of individual offenders.
"If this plan proceeds it will be chaotic and will compromise public protection," he states.
Labour MPs scorned those Coalition MPs who couldn't even turn up to debate, and SNP and Plaid Cymru MPs were outraged.
Justice unions parliamentary group chair Elfyn Llwyd calls these plans "a triumph of ideology over common sense," and secretary John McDonnell says the scheme is simply a pretext for privatisation...
"This has nothing to do with tackling crime but is simply opening up the service to profiteering companies like G4S."
In Wales, Plaid Cymru leader Leanne Wood AM demands that London give up the legal right to shape social services in Wales, and allow the Welsh National Assembly to decide.
Former probation officer Ms Wood says the changes are too risky, and give greater reason to devolve custodial powers.
"Rarely has the quality of a service been improved through privatisation and, with the Probation Service, the risks are too high." There is now "an even greater reason to devolve custodial powers to Wales," she says.
FIRST WOMAN IN CHARGE OF TUC: 'TORIES DETERMINED TO BE NASTY'
The TUC's first female general secretary, Francis O'Grady attacks the Tory-led coalition today over its "vicious spiral" of spending cuts often hitting low-paid workers and jobseekers.
She says the coalition has reduced living standards for some of the poorest people in the UK through welfare and benefits cuts, and is failing to offer a vision for the economy, or hope for the future.
"In short, our economy is sick and the government's medicine is not working," she says.
"We were told that short-term pain would deliver long-term gain, yet all we see are nasty side-effects with no sign of a cure.
"What is worse is that we now seem to be locked into a vicious downward spiral of cuts. They are not working, so the government cuts even more."
She says the Tory policy of cutting the living standards of the poorest and most vulnerable in society while "attempting to tar them all as scroungers" is the "very definition of a party determined to be seen as nasty."
And, she says, it will further depress demand and weaken the economy.
"People on the breadline spend every penny of their income, and mainly spend it in the local economy, while those who will benefit from the cut in the 50p tax rate coming this year, are as likely to save it, or take it offshore."
Ms O'Grady urges the government to change course, abandon its austerity programme, and boost industry.
She says it is vital to create decent jobs and apprenticeships, and workers should be given a say on bosses' salaries through staff reps on pay committees.
"This all adds up a very different approach to the economy and a challenge to all the political parties, employers and indeed unions," she says.
"My strong belief is that when we look back at the period from the 1980s to the 2008 crash, historians will see these as exceptional times, as damaging in their way as the 1930s.
"What will dismay them most, is how slowly we are building a new economic model to replace the one that fell with Lehman Brothers.
"There is surprisingly broad consensus that we need real change."
KINGDOM OF UNEQUALLED PRIVILEGE
Official figures show that the United Kingdom of England, Scotland, Northern Ireland and Wales, is the most unequal place in Europe, and the wealth gap between the UK’s rich & poor, is twice as wide as any EU member state.
An analysis by the Office for National Statistics reveals that some regions in the UK are up to 10 times poorer than London, according to its Gross Value Added (GVA) measure.
The poorest areas are West Wales and the Valleys and the Wirrel, with just £11,000 in GVA per person compared to the inner-London figure of £111,000.
LEFT GOVERNMENTS GIVE SECURITY (Right "gives" racism, immigrant scapegoating and gangs)
Ecuadorian President Rafael Correa highlights Community Police Units which open a new era with regard to security in Latin America, he says.
The president opens another integrated centre in Ambati, capital of the province of Chimborazo, as he tours the first (rebuilt) railway, made in 1908, which he calls the most beautiful in the world.
Nearly 1,800 CPUs will be built in the country and are essential for bringing police closer to their communities, plus supplying patrol cars, communication equipment, and other resources.
Ecuador's taxes are being used to fight crime, guarantee secure safe urban areas, plus improve education, health, and roads, and reduce poverty.
Over $100 billion USD will be invested in the coming years to reach these goals, and raise the wellbeing of all Ecuadorians, says Correa, referring to the pending social investment there.
In the country's history, such a huge investment in security has never been made, he says, with a territorial analysis aimed at protecting Ecuadorians. He says the ECU 911 Centres will save thousands of lives.
Quito and Guayaquil have national security centres, and 13 regional centres, with the best integrated emergency assistance system in Latin America now, in which a large number of institutions are participating, says Correa.
Police assistance arrives on average within two minutes in the places where these centres are operating, he says, in 68% of the country. These centres are scheduled to reach the entire nation.
The most unsafe countries in the region have rightwing governments, he points out. Correa highlights that this is, and will be, a country with open doors, requiring entry visas for citizens of only 10 countries.
MAKING THE MULTINATIONALS PAY UP ON TAX !!!
Protestors turned Starbucks into refuges, crèches and homeless shelters in protest against the impact of the cuts on women.
Sarah Greene, a UK Uncut activist: “It is an outrage that the government continues to let multinationals like Starbucks dodge millions in tax while cutting vital services like refuges, creches and rape crisis centres. It does not have to be this way. The government could easily bring in billions that could fund vital services by clamping down on tax dodging.”
Responding to Starbucks’ announcement that it will not claim tax deductions in the UK on a range of its tax arrangements, Hannah Pearce, a UK Uncut supporter:
“Offering to pay some tax if and when it suits you doesn’t stop you being a tax dodger. This is just a desperate attempt by Starbucks to deflect public pressure- hollow promises on press releases don’t fund women’s refuges or child benefits."
“We need the government to force Starbucks and every other tax dodging company to pay their fair share, instead of cutting welfare and tax credits for single mums and disabled women. People are angry, this weekend 44 actions took place in Starbucks stores in towns and cities in England, Scotland, Wales and Northern Ireland. People transformed Starbucks stores into refuges, crèches and other services threatened by the Government’s unjust and unnecessary cuts.”
A spokesperson from Global Women’s strike, one of the women’s groups which supported the action:
“Women – in families, homes, communities and jobs – bear the brunt of austerity. At our Women’s Centre we see more women cut off benefits, losing their jobs, being made homeless and going hungry.
Already, 3.5m children live in poverty, 1 in 5 mothers skips a meal to feed her children, and many walk miles to get food handouts as they can’t afford the bus fare.
"Women are also expected to pick up the pieces as services disappear or turn people away, saying they are overwhelmed.
Asylum seekers were the first to be made destitute, and this is now becoming the norm. Victims of rape and domestic violence are particularly affected as more will be forced to stay in violent relationships, to keep a roof over their heads.”
Starbucks has come under fire after a Reuters investigation disclosed that the company had paid no UK corporation tax for last three years, despite reporting sales of £1.2bn. 
The company is reported to have filed accounts saying the companies UK operations were making a loss, while reporting strong UK profits to investors.
Campaigners have highlighted research showing that women will experience a disproportionate impact as a result of the government’s public spending cuts. 
Women are bearing the brunt of cuts to public sector jobs, wages, housing benefit, childcare, and pensions. 
Additional hardship on women is being caused by the government’s decision to cut £5.6m from violence against women services, £300m from Sure Start centres & a further £10 billion in benefit cuts.
Every day 230 women are turned away from refuges as a result of government cuts to women’s services. 
Sheena Shah, a UK Uncut activist:
“Women have had enough of being attacked by a cabinet of out of touch millionaires.
The government’s savage austerity plans are pushing the cause of women’s equality back decades.
Welfare, healthcare, Sure Start centres, childcare, rape and domestic abuse services are being cut and female unemployment is rocketing. Benefits cuts are forcing women to choose between heating the house and feeding the family. No one should have to make these choices.”
07415 063231 | 07572 594128
AN ENTIRE GENERATION LEFT TO ROT
Unemployment among UK youngsters has shot up by 279% nationally, compared to the 2011 figures... with the region-based figures even more shocking.
Long-term youth unemployment for 18 - 24 year olds has soared by 706% in the South West, 476% in the North East and 264% in the South East, The Daily Express reports.
At least half of the one million jobless youth have been searching for work for at least six months.
The TUC, representing six million UK workers says
“Government economic strategy is holding young people back. It's time for a new plan that invests in their futures, rather than stunting careers before they've barely begun,” says TUC general secretary, Brendan Barber.
SAVE ALL THE CHILDREN
The charity organization Save the Children, which normally focuses on hungry children in Africa and South America is now to raise funds for hungry children in the UK.
Save the Children says its decision follows findings that many children’s families in the UK now, cannot afford regular hot meals, warm clothes and shoes.
The charity says it is to raise £500,000 to help with this alarming poverty, which is “tearing families apart.”
“No child should see their parent going hungry or start the new term without a warm coat & with holes in their shoes. Poverty is tearing families apart, with parents buckling under the pressure of mounting bills & children seeing their parents argue more about money,” says the charity’s chief executive, Justin Forsyth.
“That’s why for the first time in our history we are launching a UK appeal. We need to help poor families survive the recession,” he states simply.
RAISE RETIREMENT AGE EVEN HIGHER SAYS IMF
The International Monetary Fund (IMF) calls on the UK government to raise the retirement age again - to save the country from financial ruin.
The US-based organization also warns that the UK's national debt will spiral out of control if the average lifespan in Britain increases by only three years more than estimated. It says that the “financial implications of people living longer than expected are very large,” and could ruin public finances as the cost of pensions and healthcare rises.
In a report into the “longevity risk”, the IMF urges governments to take action "immediately" to handle the problem. It suggests a further raise in retirement ages, higher contributions from both employers and workers, and lower payouts.
IT'S NOT WHO VOTES THAT COUNTS - BUT WHO COUNTS THE VOTES !
As our masters follow the US on everything... from police arms to postal votes, etc, spare a thought for the consequences, PLEASE !
A new study by the Pew Centre finds that one out of every eight voter registrations in the United States is invalid. According to the survey, over 1.8 million dead US citizens are enrolled as active voters...
The study by the non-partisan think tank also finds that US electoral systems “are plagued with errors and inefficiencies that waste taxpayer dollars, undermine voter confidence, and fuel partisan disputes over the integrity of our elections.”
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MET's KETTLING LEGAL, SAYS APPEALS COURT
The UK's appeal court in London has ruled that kettling tactics employed by the 'met' are legal, despite the high court already criticizing the violent practice. The appeals court has granted the Metropolitan police an appeal victory against a previous ruling by the high court over the kettling tactics they employed during the G20 demonstrations in London in 2009.
In April 2009, with the G-20 summit being held near the Bank of England, demonstrations erupted in London as protesters voiced their anger at the UK government's economic policies, banking system and bankers' huge paychecks and bonuses.
The Met used violent tactics like kettling to the extent that a newspaper seller, Ian Tomlinson, died after a policeman attacked him and pushed him to the ground.
During the protests, thousands of peaceful demonstrators raised their hands to protect themselves, while the police kept beating them, as they peacefully chanted: “This is not a riot.” The protesters are infuriated by the appeal court's ruling and plan to take the case to the highest UK court.
BULLY FOR BULLYING BULLIES
A survey reveals that workers in the UK are more likely to experience bullying by bosses or colleagues than any workers in the world.
The survey by recruitment company Monster shows that 7 in 10 workers admit to being bullied at work in the UK.
It found that a quarter of UK workers find bullying and cruel jibes so upsetting it dramatically affects their work performance.
The research finds that many European workers also suffer badly from workplace bullying, with a staggering 83% claiming to be victims of physical or emotional bullying at work "at some point".
The number of workers who complain about bullying in the US, is 65%, and in Asia, 55%. The survey shows that Spanish workers are most likely to be physically attacked, while Dutch workers are the most likely to be driven to tears by work bullying.
Belgium has the lowest rate of workplace bullying, with just 38%.
"Employers are responsible for a worker's health, safety and welfare while at work and should provide an atmosphere where people can get on with their job," says Alan Townsend, Chief Operating Officer, Monster UK & Ireland.
"All companies should ensure they have clear policies and procedures for employees that are followed through by management. This can then prevent potentially dangerous outcomes, such as, poor workplace morale, lost productivity, litigation and health costs," Alan adds.
These findings follow a previous study by Staffordshire University Business School which discovered that 14 million UK employees in the UK are bullied at work.
Lucky them! In the valleys, we're happy if we can find a job to be bullied in !
DIE YOUNGER IN WALES THAN IN RWANDA
Rates of mortality in the poorest areas of Wales are higher than in some crisis-hit African nations, official figures now reveal.
According to records released by the Office for National Statistics (ONS), the death rate in some parts of Wales is as high as 1,500 deaths per 100,000 people in one year.
Bryncethin in Bridgend, south Wales, comes top of all areas in both England and Wales with the highest rates of mortality, with 1,499 deaths per 100,000 people in 2009.
Whittington in Oswestry is second with 1,468, third, Portrack & Tilery in Stockton-on-Tees, (1,422), then Gwersyllt West, Wrexham (1,419), Offa, Wrexham (1,297), and Grosvenor, Wrexham (1,284.)
The mortality rate in Rwanda, in central & eastern Africa, is 1,427, and in Botswana, in southern Africa, it's 1,452, the UN's WHO reports.
Health experts believe that the data reveals problems in 'post-industrial' areas, including mining valleys or dockyards, that have been neglected for decades.
The experts stress that elderly people who have had to endure hard manual work, will die sooner, while youngsters often turn to drinks or drugs due to high rates of unemployment.
They also say poor diets and pollution affect the lives of those living in the crisis hit areas.
UK PRIVATISED SCROOGES
Railway bosses have ordered ticket office workers not to help disabled people plan their journeys, transport union TSSA says.
The TSSA says disabled passengers can no longer get direct help at stations but are being told to call a new phone service, used by most train operators.
"It is simply disgraceful that train companies are charging the most vulnerable people in the land for a service that should be free,"
general secretary Manuel Cortes says:
"Previously our booking office members were only too willing to spend as long as it took helping the disabled plan what can be quite complicated journeys, given that they have to be met at each stage of their journey. Now that has all been stopped by Scrooge bosses. Ordinary passengers are used to being ripped off by these profit-chasing cowboys, but even they will be shocked by this latest cynical penny-pinching move."
The Association of Train Operating Companies (Atoc) admits that some calls are now being charged at local rates, but insists that the service is more efficient & "significantly improved."
SCOTLAND REACHES OUT TO SCANDINAVIA
The Scottish National Party is working on a detailed plan to join the Scandinavian countries, including Sweden, Denmark and Norway, when it achieves independence.
Independent Scotland will have its own army, navy and air force, modelled on its Nordic neighbours, according to the detailed plan.
SNP leaders are seeking to look north and east in Europe for partnerships, trade and key defence relationships, rather than continuing to focus on western Europe and the Commonwealth, like England, and England's first colony, Wales.
Senior Nationalists, including Alex Salmond, have made several trips to Scandinavia over the last couple of years, meeting ministers and officials in an attempt to pave the way for greater co-operation if Scotland becomes independent, particularly on energy.
SNP strategists insist that Scotland would continue to be extremely close to the rest of the UK, which would remain its biggest trading partner, but they also believe that Scotland has more in common with its Scandinavian neighbours than the UK does, and they are keen to take this relationship to a higher level.
The Scandinavian approach is being led by Angus Robertson, the SNP's defence and foreign affairs spokesperson in Westminster:
"Our neighbours to the north and east have already made a good start and work constructively together. We need to join them and play our part. The UK has opted out of a serious approach. We should not".
NEIL KINNOCK's DAUGHTER-IN-LAW MAKES DENMARK GROW
Denmark's Social Democrat-led government is to BOOST public spending, to kick-start the country's economy, making Denmark bloom - to protect Denmark's welfare state.
Prime Minister Helle Thorning-Schmidt's SDP has formed an administration with the centrist Social Liberal Party (SLP) and the left-wing Socialist People's Party (SPP).
Together the three parties hold a majority of 92 seats in Denmark's 179-member Folketing. The new cabinet includes 14 men and nine women, the Social Democrats holding 13 posts and the two other parties, six each.
Ms Thorning-Schmidt, Denmark's first female PM, is the daughter-in-law of the UK's former Labour party leader, Neil Kinnock, and says that her government "will show the way out of the crisis".
Her government is to spend 10 billion kroner (£1.2bn) to renovate council housing stock and upgrade railways, cycle paths and roads. She says the government's stimulus will generate government revenue, by creating "many new jobs."
Ms Thorning-Schmidt: "We are very proud of our economic plan. We believe it will get us through the crisis and ensure the future of the welfare state."
The coalition also pledges to reduce the cost of public transport & RAISE unemployment benefits. She also vows to slash greenhouse gas emissions and harness wind power to ensure that half of Denmark's electricity comees from a renewable source, by 2020.
"We're laying down a path that will", she says, "lead us back to being proud of Denmark." Her plans to increase taxes on the rich, and banks, were scrapped after opposition ... from the Social Liberals.
AND WHERE IS WALES' BLOSSOMING...?
The lotus has been a religious symbol for aeons; no dirt sticks to its unique molecular structure. Now scientists have replicated that structure to produce materials which are highly commercial!
Imagine Wales combining science and agriculture that wisely: using wasted land to employ our youth.
Smog-beater: First hydrogen powered tram developed in China
Trams fueled by hydrogen could soon be appearing on the streets of China. The country has mastered the technique of using this clean energy source, which has been widely used elsewhere for cars and other forms of mass transport.
Air pollution killing Europeans en masse, says environment body
Hundreds of thousands of Europeans may face a premature death over the next two decades because of toxic air, a new major report by the European Environment Agency (EEA) warns.
In 2011 alone, about 430,000 people died prematurely from air pollution.
A five-yearly environmental study, State of the Environment Report for 2015, blames governments for inaction, and calls for changes in policies and technologies and lifestyles. The European Union will need new, radical policies to safeguard the environment by 2050, experts say.
"We need to start now," Hans Bruyninckx, head of the EEA, tells Reuters.
The Copenhagen-based EEA says Europe has increased waste recycling & cut greenhouse gas emissions by 19% since 1990. The EU plans further emissions cuts of 40% by 2030.
Despite these gains, however, Europe "still faces a range of persistent and growing environmental challenges," including global warming, chemical pollution & extinctions of species of animals and plants.
“Despite considerable progress in reducing the discharge of pollutants into Europe's waters in recent decades, nutrients, pesticides, industrial chemicals and household chemicals continue to affect the quality of surface, ground and marine waters. This threatens aquatic ecosystems and raises concern about potential human health impacts,” it states.
Air pollution causes damage to human health through direct exposure (via inhalation) or through exposure to contaminants transported through the air, deposited on plants and the soil.
Vehicles, power plants, agriculture & households all contribute to Europe's air pollution, the report’s authors state, adding that transport remains the main contributor to poor air quality levels in cities and the related health impacts.
Exposure to environmental noise is estimated to contribute to at least 10,000 premature deaths due to coronary heart disease and strokes each year.
Chemicals from pharmaceuticals, personal care products, & other consumer products can have a range of negative effects on the environment and on human health.
Endocrine disruption, which impacts the body's hormonal system, is of particular concern, says the study, which points out that potential human health impacts of these chemicals are “poorly understood,” especially as people are exposed to mixtures of chemicals, or when exposure occurs in pregnant women and small children.
Europe will scarcely manage to realize its target of "living well, within the limits of our planet" by 2050, according to the report, given that most Europeans have been using more than four hectares of the planet's resources each year - more than double what rates as a sustainable ecological footprint.
The European Commission has estimated that a shift to a greener, low-carbon economy by 2050 will require investments of an extra €270 billion a year, or 1.5% of the EU's GDP over the coming decades.
The EEA says Europe could benefit economically from greener cities, industry, transport and agriculture.
"This is not a threat to well-being. For Europe this is a major opportunity," Bruyninckx says, adding that 2050 green goals are closer than we think, given that Europeans born today will be 35 in 2050, with over half their expected lifetimes ahead of them.
According to the report, EU citizens live longer than in many parts of the world. Life expectancy at birth in the EU-28 member states exceeded 80 years in 2012, and is higher for women.
The gap between the lowest life expectancy in the EU (68.4 years for men in Lithuania) and the highest (85.5 years for women in Spain) is considerable, however.
The share of the older population in all the member states has been increasing recently.
The current proportion of people aged 65 yrs and over, already exceeds 17.5% and is projected to be 29.5% by 2060, says Eurostat.
Fracking moratorium rejected by MPs
There was a vote on fracking in the House of Commons on Monday, during which, Greenpeace held a protest out-side Westminster Palace.
MPs overwhelmingly rejected a bid to suspend fracking for shale gas.
But the government agreed to Labour proposals for 13 new conditions to be met, ere shale gas extraction occurs.
During a Commons debate, ministers also pledged an "outright ban" on fracking in national parks.
Earlier, a committee of MPs called for a moratorium on the practice, on the grounds that it could derail efforts to tackle climate change.
The Environmental Audit Committee also warned that there were "huge uncertainties" about the impact on the environment, of fracking.
In the Commons, committee chair, Joan Walley, backed an amendment tabled by a cross-party group of MPs calling for fracking to be suspended for 30 months... while assessments are carried out.
But the measure did not attract front- bench support and was defeated by 308 votes to 52.
A Labour amendment was added to the bill, to cheers from opposition benches, which will impose 13 tests to be met, before fracking can take place.
These include environmental assessments and the need to consult residents on an individual basis.
Labour and other MPs tabled amendments to allow the change to be made, so Energy Minister Amber Rudd told the House that the government will remove the provision that shale gas exploration will be allowed in such areas, only in "exceptional circumstances".
She later said there will be an outright ban in "national parks, sites of special interest and areas of national beauty".
Mass extinction in Earth’s oceans probable --- comprehensive study
The first comprehensive ocean study has determined that ocean life faces mass extinction from human activity.
But the record damage is still reversible – unlike our impact on land... US scientists say that the effects "can be" mitigated.
"We’ve known for a while that sustainability will become impossible with our lifestyles. Although most of Earth is covered in water we are hugely reliant on, many practices cause unprecedented damage to marine biology:-- coral reef damage, resource mining, fish farming, construction work, chemical pollution, the depletion of bio- resources, unintended species migration, global warming, military drills – to name just a few.
Drs. Malin L. Pinsky, Stephen R. Palumbi, Douglas J. McCauley and colleagues from the University of California have examined hundreds of sources, including fossil records and statistics on shipping and seabed mining to inform their study, published on Thursday in the journal 'Science'.
“We may be sitting on the precipice of a major extinction event,” McCauley says.
“If by the end of the century we’re not off the business-as-usual curve we are now, I honestly feel there’s not much hope for normal ecosystems in the ocean,” Palumbi says.
One conclusion is that oceans have until now, largely evaded the damage we'd caused to life forms on land. But after 1800, industrialization accelerated land extinction, plus, the stage was set for irreversible water damage.
“Current trends in ocean use suggest that habitat destruction is likely to become an increasingly dominant threat to ocean wildlife over the next 150 years,” the team says in their study.
And because oceans are a fluid mechanism - more difficult to monitor accurately - some places could be far worse off than others.
Fishing, for example, has affected 20 million square miles of ocean already, altering the continental shelf.
Seabed mining contracts are an especially huge change: the area went from 0 square miles in the year 2000, to 460,000 in 2014.
The US Navy alone, kills or injures 1,000s of whales and dolphins, during its drills.
Humans have caused a 40% decline in coral reefs worldwide, which consequently leads to habitat destruction for marine species.
Some migration may result in the arrival of predatory species to ecosystems that are not prepared to accept them, etc, etc.
But everything is feeling the impact of polution and overheating...
“If you cranked up the aquarium heater & dumped some acid in the water, your fish would not be very happy,” Pinsky says. “In effect, that’s what we’re doing to oceans.”
And it starts on land for many marine animals: some lay eggs – like sea turtles; seabirds nest in cliffs, and so on. Some ocean species have already become extinct, due to land activity.
“But in the meantime, we do have a chance to do what we can. We have a couple of decades more than we thought we had, so let’s please not waste it,” Palumbi says. "I fervently believe that our best partner in saving the ocean is the ocean itself.”
McCauley explains that if we severely limit the industrialization of Earth’s water, we could let species recover – much more so than we ever could on land, where damage is irreversible in many places.
“There are a lot of tools we can use,” he says. The team believes that designing an approach with climate change in mind would be the way.
It’s about considering how & where species can escape rising temperatures and lower pH levels.
As we learn that some areas are affected more, one chance may be to limit industrial operations to some areas, while allowing others to recover.
“It’s creating a hopscotch pattern up and down the coasts to help these species adapt,” Pinsky says.
World’s soil may be degraded in 60 years: UN
All of the world's top soil could be gone in the next 60 years if the current rate of degradation continues, a prominent UN official says.
Nearly a third of the soil across the world has already been degraded, & it takes 1,000 years for 3 centimeters of top soil to be generated, Maria-Helena Semedo of the UN Food and Agriculture Organization (FAO) told a forum marking World Soil Day in Rome on Friday.
"Soils are the basis of life. Ninety-five percent of our food comes from the soil," Semedo said.
Experts say chemical-heavy farming methods, deforestation, which raises erosion, and global warming are the main causes of soil destruction.
"We are losing thirty soccer fields of soil every minute, mostly due to intensive farming," Volkert Engelsman from the International Federation of Organic Agriculture Movements told the forum.
"Organic may not be the only solution but it's the single best (option) I can think of," he said.
Soil is a significant factor in absorbing carbon and filtering water, FAO says.
Soil degradation causes a vicious cycle, in which less carbon is stored, the world gets hotter, and the land is further eroded.
Japan Warns on Big Hole in Ozone Layer
A hole in the ozone layer, which started to grow in early September, reached 23,400,000 square kilometers on October the 1st, report Japanese scientific institutions.
That's equivalent to 1.7 times the Antarctic's surface - and it almost equals last decade's measure, says Japan's Meteorology Agency.
Despite the volume of gases in the air shrinking due to the fulfilling of international regulations, it will still be midcentury before the ozone layer hole recovers to the size it was in 1980, says researcher Atsuya Kinoshita, from Japan's Meteorology Agency.
According to medical sources, the ozone layer prevents harmful ultraviolet rays coming to earth, from the sun.
Long exposure to electromagnetic radiation can cause skin cancer, and other problems.
Venezuela Rejects Unipolarity at Environmentalist Forum
Capitalism, which destroys the environment and is headed by the United States, will be challenged now from South America, the Venezuelan Vice President for the Social Area, Hector Rodriguez, predicts, at an environmentalist forum.
Venezuela supports the consensus against unipolarity, defended by the meeting 'Social PreCOP on Climate Change', which was held in Margarita Island, says the Minister, who is also the Minister for Education.
Our Government supports the central purpose of the meeting - to boost the world mobilizing towards a new multipolar world, he says.
The participants analysed experiences, capacities and efforts to save the planet, and proposals were presented, to add them to the global political agenda.
Social PreCOP, which gathered representatives of 40 States in Venezuela, was the world's first gathering to bring both Governments and social movements face to face on the issue, he said.
The objective of the meeting was to highlight the social dimension of the debate on climate change and establish the foundations of an alliance between people and Governments, to face the threats that hover over humanity.
Delegates issued a document containing their proposals, which was then discussed at a round table with ministers in charge of the issue, said the organizers.
Greenpeace anti-fracking protesters block access to Chevron shale gas exploration
Greenpeace activists have chained themselves to the gates of a Chevron shale gas exploration well in eastern Romania to protest fracking there.
Activists from Romania, Hungary, Austria, the Czech Republic, Poland, Slovakia and Germany came to the Pungesti site, wearing bright yellow jackets and holding banners reading "Pungesti- anti-Chevron quarantine area" and "Stop fracking."
US energy major Chevron began work on the exploration well in the village of Pungesti in eastern Romania in December. An exploration start was postponed several times by protests.
88% of world’s oceans covered by plastic junk – study
At least 88% of the surface of the world’s open oceans is polluted by plastic debris, says a new scientific report.
The findings raise big concerns about the safety of marine life and how this ocean litter may now be affecting food chains.
US pressures El Salvador to buy Monsanto's GMO seeds
As a precondition for authorizing $300 million in aid, the US is now pressuring El Salvador to buy genetically modified seeds from Monsanto, instead of non- GM seeds from local farmers.
According to Sustainable Pulse, a website covering developments related to GM organisms and sustainable agriculture, the US will withhold $277 million in aid through the Millennium Challenge Compact --- if El Salvador refuses to purchase GM seeds from the biotech company Monsanto.
The president of El Salvador's Centre for Appropriate Technologies (CESTA) criticizes the US negotiating position and says the US should back away from its demand.
“I'd like to tell the US Ambassador to stop pressuring the Government to buy ‘improved’ GM seeds,” CESTA president Ricardo Navarro says, adding that it would hurt the local economy & only aid US companies.
Navarro then singles out Monsanto: “There's a harmful corporation on Earth called Monsanto. It's truly disturbing, that the US is trying to promote them.”
In March, France banned the growth and sale of the company’s insect-repelling maize seed MON 810, just a few days before it was revealed that insects in the US were developing resistance to the crop.
El Salvador passed a law in September 2013 banning glyphosate in Monsanto’s Roundup pesticides, as well as dozens of other agricultural chemicals.
Similar proposals are being considered in Brazil, where the country’s prosecutor general recently urged the National Health Surveillance Agency to “reevaluate the toxicity of 8 active ingredients suspected of causing damage to human health and the environment,” including glyphosate and seven other chemicals.
Glyphosate, research shows, becomes extremely toxic to humans, as it mixes with natural metals found in soil.
Other reports link glyphosate to a fatal kidney disease that has killed thousands of people in El Salvador and Sri Lanka, & could also help explain similar situations in Nicaragua, Costa Rica, and India.
Chernobyl memories fade? Kiev turns blind eye to disaster-risk in nuclear deal with US
The coup-imposed government in Kiev has resurrected a contract with a US company to supply fuel to Ukraine’s nuclear power plants, despite the fact that using US fuel rods was banned in 2012, because of a dangerous incompatibility.
In April 2014, shortly after the armed coup, Kiev signed a new deal with the US’s leading nuclear fuel producer, Westinghouse Electric Company, instead of the Russian TVEL company that has been supplying fuel rods to Ukraine for years.
Ukraine’s 4 nuclear power plants constitute a huge part of the country's energy system. The country’s 15 nuclear reactors produce at least 50% (over 13 megawatts) of all electric power generation in Ukraine.
All nuclear fuel for Ukrainian reactors (worth hundreds of millions of dollars a year) has been produced in Russia, which also recycles Ukraine’s nuclear waste.
Moreover, Russia’s Rosatom state-owned nuclear monopoly is currently constructing a nuclear fuel fabrication plant in Ukraine, where nuclear fuel rods will be assembled using uranium enriched in Russia.
Ukraine has relied on Russia in all atomic matters – but since the coup the US has muscled in on the relationship.
The Westinghouse Electric Company has been trying to ‘ease’ the former Soviet-bloc country's energy reliance on Russia and enter the market in Eastern Europe for over a decade.
Back in 2012, the then US Secretary of State Hillary Clinton attempted to convince Czech leaders to pick Westinghouse as a first nuclear fuel supply partner instead of Russia, which would create thousands of new jobs in the US.
Westinghouse has tried supplying nuclear fuel to Energoatom nuclear power generating company, in Ukraine before...
In 2005, six experimental Westinghouse fuel assemblies, adopted for use in USSR- developed reactors, were tried at the South Ukraine plant in one reactor, together with Russian fuel rods.
Though nuclear engineers were skeptical of the pilot probe, the government of ex president Viktor Yushchenko signed a deal in 2008 with Westinghouse on fuel rod supply, despite the fact that American nuclear fuel is significantly more expensive and technologically different.
Russian nuclear fuel rods are hexagonal in section, while US fuel assemblies are square.
Despite experts' fears, 42 fuel assemblies were loaded into three reactors at the South Ukraine nuclear power plant for a standard three-year period of commercial operation.
When, in 2012, the time came to replace the fuel assemblies, Ukrainian nuclear engineers found that Westinghouse assemblies deformed during exploitation and got stuck in the core.
Energoatom accused Westinghouse of producing poorly engineered assemblies, and Westinghouse countered, by accusing the Ukrainian engineers of installing the rods badly.
After this, the use of US nuclear fuel was banned in Ukraine, while the fuel rods were returned to the producer ‘to get fixed’, and Russian experts were summoned to help with the repair of the equipment, produced in the USSR.
Energoatom Company lost approx. $175 million.
Similar problems with Westinghouse fuel assemblies occurred at a number of other USSR-constructed nuclear power plants: NPP Krško in Slovenia, NPP Loviisa in Finland and NPP Temelin in the Czech Republic.
All these countries opted to return to time-proved fuel assemblies produced by Russia’s TVEL Company.
Now Ukraine appears to be ready to fall into the same trap twice.
The coup-imposed Kiev regime has renewed the 2008 nuclear fuel deal till 2020, to replace 25% of the Russian-made fuel rods, with an option to “provide more if needed,” reported AP in April - all for the sole purpose of ‘diversifying’ supply.
What happened back in 2012 at Zaporozhskaya NPP could have ended with another Chernobyl, because having unextractable fuel assemblies loaded means a potential loss of control over the fission processes inside the reactor.
But the new Kiev authorities, supported by Washington, are making every effort to cut Ukraine’s ties with Russia, so moving from Russian nuclear fuel to US assemblies is attractive to A. Yatsenyuk’s coup regime, despite the 2012 incident.
Worse, Westinghouse won’t recycle its fuel rods when they ‘burn out’, so Ukraine will spend even more budget money to prepare special storage facilities for nuclear waste.
Westinghouse has its eyes on a bigger prize...
“This move by Westinghouse is really to secure not just a fuel contract, which will go on for many years, but to put its foot in the door to build a fuel fabrication plant in eastern Ukraine. And that’s what’s most important and that’s what they’re after,” John Large, an independent nuclear analyst from London, tells RT news.
Experts warn that nuclear power plants should not undergo such drastic transitions.
“A nuclear reactor demands a coherent structure of operations. The active reactor core is the most dangerous when it comes to the impact it may have on people and the environment. All reactors differ in smallest details, and toying around with them leads to no good,” Evgeny Akimov of the International Union of Nuclear Energy Veterans warns.
If something goes wrong, Kiev may find they face all the consequences alone.
“As far as I know, Westinghouse signs contracts in which the company bears no responsibility, so the burden will lie with Ukraine,” states Rafael Arutyunyan, nuclear security expert and professor at the Moscow Institute of Physics and Technology.
Kiev’s actions are being dictated by politics and corruption rather than risks, even when the severe consequences may affect not just Ukraine, but the entire European continent.
When the Chernobyl tragedy occurred in 1986, it was by pure coincidence that Ukraine’s wind direction, usually directed to Europe, changed, sending most radioactive fallout in the direction of Russia and Belarus.
In this over-politicized case, European capitals would do well to understand how the wind blows.
Japan announces that it expects to resume its whaling program in the Northwest Pacific, despite the UN International Court of Justice ruling against it.
According to a Japanese government note, the whaling program will now resume after a request by whaling company Kyodo Senpaku.
Earlier in April, the UN International Court ordered Japan to halt its whale hunt in Antarctica, and Tokyo promised to abide by its decision.
The court ruled that Japan's whaling program isn't in keeping with international conventions that allows whaling for scientific purposes.
The case was brought to the court in 2010, alleging that Japan was breaching international law by killing hundreds of whales each year for commercial purposes.
Recently, Fisheries Ministry officials reported that the Japanese fleet captured 251 whales this year, in its latest hunt, up until last March.
The catch was more than the 103 whales caught the previous year, but less than the planned quota of 935.
FRANCE INSISTS ON NO GM
France’s lower house of parliament has passed a law prohibiting genetically modified (GM) maize from being grown, citing environmental concerns.
The law can be applied to any GM strain that is adopted at EU level.
The law follows a decree last month, which halted the planting of Monsanto’s insect-resistant maize MON810, which will be allowed for cultivation in the EU, Reuters reported.
But if any strain of GM crop is adopted in the future at EU level – including Pioneer 1507, developed by DuPont & Dow Chemical – it will be banned in France.
Pioneer 1507 could be approved by the EU later this year, after 19 of the 28 EU member states failed to gather enough votes to block it.
The law adopted now by France's lower house (National Assembly) is similar to one rejected by the upper house (Senate) in February, which was seen as "unconstitutional."
“It's essential today to renew a widely shared desire to maintain the French ban. This bill strengthens the decree passed last March by preventing the immediate cultivation of GMO & extending their reach to all transgenic maize varieties” Jean Marie Le Guen, minister in charge of relations with parliament, told the National Assembly.
The current Socialist-led government in France, like the previous conservative one, has opposed the growing of GM crops after public suspicion and protests by environmentalists.
Le Guen called for an EU system that would make sure that the decisions of member states not to adopt GM, couldn't be challenged legally.
A debate on the future of EU policy is going on at EU level, with the European Commission suggesting an opt-out to allow individual countries to ban GM crops.
The French ban on GM maize will now have to go to the Senate for approval. However, even if it is rejected again, the National Assembly will have the final say.
France is against genetically modified crops, but the UK argues that without them, Europe risks becoming a “museum of world farming.”
Spain also says its own farmers have to be able to compete with those outside the EU – many of whom are growing GM crops.
GM crops, though still unpopular in Europe, are widely grown in the US and parts of Asia.
World court revokes permits, rules Japan's whaling not for scientific ends
Japan’s whaling program in seas near Antarctica is not for scientific purposes, judges at the UN’s highest court ruled on Monday 31st of March.
The International Court of Justice in The Hague also agreed with Australia, that Tokyo should revoke permits to catch and kill whales for research purposes, Reuters reported.
Australia, which brought the case before the court in The Hague in 2010, had argued that Japan's assertion that it was carrying out scientific research, was to justify what was in fact, pure commercial whaling.
The JARPA II research program has been going on since 2005, and has involved the killing of about 3,600 minke whales, and “the scientific output to date appears limited,” presiding Judge Peter Tomka said.
Rotating crops beats agrotoxins as crop-eating insects beat GM
For thousands of years, farmers beat pests by rotating their crops, or placing them next to plants which kept the insects away.
Then came the wonderful world of agrotoxins.
But the bugs beat all that GM biotechnology could throw at them. Now, the latest advice to farmers is... go back to rotating crops.
UN warns world to produce 60% more food by 2050... or face mass unrest.
Political turmoil, social unrest, civil war, terrorism - all could be on the table unless our world boosts food production by 60% by mid-century, the UN’s hunger fighting agency warns.
The world’s population is expected to hit 9 billion people by 2050, which, coupled with a high calory intake by increasingly better off people, is likely to drastically increase demand in the coming decades, says Hiroyuki Konuma, assistant director- general of the UN Food and Agriculture Organization, for the Asia-Pacific region.
This, at a time when the world is investing less in agricultural research, raises fears among scientists that global food security could be imperiled.
"If we fail to meet our goal, and a food shortage occurs, there will be a high risk of social and political unrest, civil wars and terrorism, and world security as a whole might be affected," Reuters cites Konuma as saying at a regional food security conference in Ulan Bator, Mongolia.
A leaked draft of an Intergovernmental Panel on Climate Change report, warns that climate change alone, could cause a 2% drop each decade, this century. In the past 3 years, Australia, Canada, China, Russia and the US, have all suffered big flood and drought induced harvest losses.
Our reliance on an ever smaller group of crops is also leaving global food supplies increasingly vulnerable to price inflation, insects and disease.
"As the global population rises and pressure increases on our global food system, so too does our dependence on global crops and the production system that feeds us,” Luigi Guarino, of the Global Crop Diversity Trust, told the BBC earlier this month.
"The price of failure of any of these crops will become very high."
Progress is been made to stop global hunger: with vegetable production in Asia & the Pacific, where over three-quarters of all vegetables are grown, increasing by 25% over the last decade.
The FAO estimates, however, that 842 million people in the world remain undernourished, and two thirds of them live in the Asia-Pacific.
One in four children under the age of five is stunted due to malnutrition.
To combat the problem, the UN body outlines two primary options: increasing arable land areas, and increasing productivity.
Environmentalists also urge better food distribution methods. In February, the FAO, World Bank and World Resources Institute estimated that the world "loses" 25 to 33% of all the food it produces – nearly 4 billion metric tons.
More efficient agricultural production, better food storage, and more biologically diverse, local food systems, which are less vulnerable to global changes, are also proposed, to help tackle the growing threat of food insecurity.
EUROPE SPLITS AGAIN ON GM CROPS
The European Commission is set to authorize the growing of genetically modified maize on European soil, despite 19 member states voting against the move, highlighting the “absurd” rules of weighted votes in the EU.
In a debate on Tuesday, 19 EU member states indicated they would vote against authorizing genetically modified maize because of health and environmental concerns and opposition in the European Parliament.
But because of the EU's "comitology rules", their votes will be insufficient to overturn the decision of bigger member states who support the introduction of insect resistant Pioneer 1507.
The UK & Spain both spoke in favor of GM crops, while Germany abstained. France is staunchly against their introduction.
European health Commissioner Tonio Borg says the commission is now legally bound to approve the crop, and Borg insists that extensive research since 2001 shows that the crop is safe.
The UK argued that, without GM crops, Europe risks becoming “the museum of world farming,” and that there is a clear scientific case for GM, while Spain said its farmers need to be able to compete with nations that grow GM produce.
DuPont, which jointly developed Pioneer 1507 with Dow Chemical, says in a statement that the EU has a “legal obligation to itself, to its farmers & scientists and to its trade partners” to support the approval of agricultural advances.
France however, warns that if the EC goes ahead with the introduction of GM maize, it risks fuelling even more euroscepticism, by granting approval in the face of fierce opposition.
Thierry Repentin, the French EU affairs minister:
“We have a majority against it, so I don’t understand how we can approve this. Even more so ahead of EU elections. This is dangerous to the image of the EU institutions, it will fuel the idea that Europe doesn’t work or works badly.”
Italy calls the outcome “indigestible” and Hungary calls it a showcase of the “European absurd”.
The Green group in the European Parliament says there is now no democratic mandate for giving the green light to GM maize. The environmental groups Greenpeace & Friends of the Earth say Pioneer 1507 harms moths & butterflies and is designed to be resistant to a kind of weed killer about to be phased out anyway, over safety concerns.
Marco Contiero, Greenpeace’s agriculture policy director:
“Approval by the Commission would be irresponsible because of the environmental risk, untenable because of widespread political and public opposition, & legally compromised, because the Commission has forced it through without the required consultation.”
Borg says the EC might compromise, and revive a separate proposal that would allow individual member states to ban GM crops while other countries could approve them.
He appeared to back down from approving the bill on Wednesday.
“This file took thirteen years to come to fruition, I am cautious about giving timelines,” he said.
THERMAL POWER - THE NEGLECTED GIANT?
China and Russia are to build the world’s biggest thermal power plant with an 8 gigawatt capacity.
The Erkovetskaya TPP project in Russia’s Amur region could cost up to $24 billion, and will export energy to China where domestic demand is high.
The plant will be developed by Eastern Energy Company, a subsidiary of Inter RAO, the Russian state-run power utility, Vedomosti news reports.
The plant will supply 30-50 kilowatts per year - 5% of the Russian Federation's total production, General director of Eastern Energy Company, Mikhail Shashmurin says.
Sergey Beiden from Otkrytie Financial Corporation estimates the total cost at between $12.5 - $24 billion, reports Kommersant,
To deliver the energy to Beijing, where demand is strongest, 2,000 km of transmission lines will need to be installed.
Green Routines launches Wales' first Solar PV cooperative at The Senedd
US emits 50% more methane than EPA reports - study
The US is responsible for 50% more methane, a heat- trapping gas, than previous government estimates, a new study finds.
Methane is the most abundant global warming gas, and is 21 times worse than carbon dioxide at trapping heat.
The study estimates that in 2008, the US spewed 49 million tons of methane into the air, more than all carbon dioxide pollution from cars and other vehicles in six months.
The figure is way over the 32 million tons estimated by the US Environmental Protection Agency.
Most of America’s methane comes from Texas, Oklahoma and Kansas via livestock - cows, especially their manure, are twice as bad as originally thought - but also from leaks while refining and drilling for oil, the National Academy of Science says in its report released Monday.
Experts called this study of methane emissions the most comprehensive yet - given that the gas is difficult to track and measure.
The study was based on about 13,000 measurements from airplane flights and tall towers, the most used in any such research, the AP reports.
New data released by the Brazilian government shows that deforestation in the Amazon has increased by nearly a third over the past year.
According to Brazilian government figures just released, satellite data for the 12 months to the end of last July, shows a 28% increase in deforestation compared to last year.
The study also shows that approximately 2,256 square miles (5,843 square km) of land has been cleared during the period, an area roughly the size of the US state of Delaware.
Scientists and environmentalists say the trend marks a reversal in gains against deforestation in Brazil, though other Amazon countries have also witnessed a rise in deforestation since 2011.
The reason is unknown, but experts attribute it to government infrastructure projects, environmental policy and a rise in demand for soybeans and other Brazilian farm exports, which encourages ranchers to clear private land in the Amazon.
“You can't argue with the numbers,” says Marcio Astrini, a coordinator with Greenpeace, adding, “This is not alarmist - it's a real and measured inversion of what had been a positive trend.”
The Amazon rainforest covers territory belonging to 9 nations, with over 60% in Brazil, followed by Peru with 13%, Columbia with 10%, and minor amounts in Venezuela, Ecuador, Bolivia, Guyana, Suriname and French Guiana.
Mass rally staged in Australia for climate change action
Thousands of Australians gathered to call for action on climate change across the country after PM T. Abbott moved to abolish carbon tax.
GetUp, the group organizing the countrywide event, estimates that 60,000 people turned out to protest.
Australia has just had the hottest 12 months ever recorded, which triggered massive bush fires in New South Wales.
HUNGER STRIKE FOR CLIMATE SENSE
Hundreds of activists from different NGOs joined a hunger strike on the second day of talks at the UN Climate Change Summit.
Wael Hmaidan, director of Climate Action Network International and one of the hunger strikers, told reporters that organizations away from the summit and other well-known individuals, joined in the voluntary fasting as well.
The strike was in solidarity with Naderev Saño, the Philippines' representative to the summit, who announced at the event's inaugural meeting that he was going on a hunger strike until the conference was over and agreements made on concrete action to fight climate change.
"I am overwhelmed by civil society's solidarity all over the world, especially from young people," Saño says.
He also highlights the urgent need to take action to tackle global warming and prevent "natural" disasters.
The Philippines has just been hit by a Category 5 mega typhoon, which destroyed entire villages and killed more than 10,000 people.
THROW AWAY LIVES
One point three billion metric tons - that's how much food that we waste each year, China Daily reports.
As this massive wastage of food occurs, 840 million people experience chronic hunger on a daily basis. Many millions more suffer from "silent hunger" - malnutrition and micronutrient deficiencies.
The economic cost of waste is $750 billion a year, based on producer prices; if we consider retail prices and the wider impacts on the environment, including climate change, the figure is far higher.
As governments preach austerity, it's hard to understand how a hemorrhage of money like this could go neglected. Yet in some places, the volume of food wastage is rising.
A new report by the UN Food and Agriculture Organization, published at a Green Growth Forum now on in Copenhagen, highlights a troubling aspect: the negative consequences on the environment and natural resources we all need to simply survive on this planet.
When food is wasted, energy, land and water resources that went into producing it are also squandered - while at the same time large amounts of greenhouse gases are released into the atmosphere during the production, processing, and the cooking of food.
We simply cannot tolerate the waste of 1.3 billion tons of food every single year - a third of world food production.
This is why seriously cutting down on food loss and waste is one of the five elements of UN Secretary General Ban Ki-moon's Zero Hunger Challenge is a major focus of the UN High Level Task Force on Global Food Security.
We are working together within the UN system and with a broad coalition of other partners to rise to that challenge, that also calls for 100 percent access to adequate food all year round; to eliminate childhood stunting; to make all food systems sustainable; and to eradicate rural poverty.
To begin with, food loss and waste needs to be seen as a cross-cutting policy issue, rather than a lifestyle choice to be left in the hands of individual consumers.
The world needs to wake up to the need for policies on food waste and losses, that look at all stages of the food chain, from production to consumption.
In most developing countries, post-harvest losses can reach as high as 40% of production.
Especially in these places, investment in infrastructure for transportation, storage, cooling and marketing of food is badly needed. Training farmers in best practices also has an important role to play.
In developed countries, food retailing practices require a rethink. For example, rejection of food products on the basis of aesthetic concerns is a major cause of waste. Some supermarkets are already relaxing standards on fruit appearance, selling "misshaped" items at reduced prices and helping raise awareness that "ugly does not mean bad." More approaches like this, to find markets or uses for surplus food, are needed.
Both businesses and households should monitor to see where and how they waste food and take corrective steps, because prevention of waste is even more important than recycling or composting.
Unlike the mindboggling figure of 1.3 billion tons, these simple steps are easy enough to grasp - and within the reach of each of us. The world has enough on its plate but food wastage is something we can all do something about now.
Jos Graziano da Silva is director-general of UN Food and Agriculture Organization, and Achim Steiner is executive director of UN Environmental Programme. The two organizations are founding partners of the Think Eat Save - Reduce Your Foodprint campaign launched earlier this year.
STOP FRACKING NOW
A new US report shows that fracking for shale gas generated 280 billion gallons of toxic waste in 2012 - containing cancerous and radioactive substances.
Fracking one well, can use 2 to 9 million gallons of water mixed with sand and chemicals, and 'though most of the water used then returns to the earth, it contains both radium and bromides, it says:
“When bromide in wastewater mixes with chlorine (often used at drinking water treatment plants), it produces trihalomethanes, chemicals that cause cancer and increase the risk of reproductive or developmental health problems”.
It also finds that 450,000 tons of air pollutants can potentially be produced in one year by the practice.
Environment America, who published the report, calls fracking “highly polluting” and notes growing numbers of documented cases of illness as a result. As well as cancer, toxic substances from fracking chemicals and waste water can cause endocrinal, neurological and immune system problems.
“The numbers don't lie — fracking has taken a dirty and destructive toll on our environment. If this dirty drilling continues unchecked, these numbers will only get worse,” John Rumpler, a senior attorney for Environment America says, in a post-publication news release.
Fracking extracts oil and gas by injecting water to break rock formations deep underground and its use in the US has rapidly risen recently - despite scientists warning about the climate- damaging methane or radiation its use brings. Over 80,000 US wells have been drilled or endorsed across 17 different states since 2005, and the report says that 360,000 acres are "damaged" as a result – the highest being in Texas, where 130,000 acres are calculated as "damaged".
While this figure includes land cleared for roads, well sites and pipelines, among other technical processes, the report states that “the total amount of habitat and landscape affected by fracking is much greater.”
This report comes after the publication of research from Duke University released on Wednesday, in the Environmental Science and Technology journal.
That team analyzed water and sediment samples from the Josephine Brine Treatment Facility, Indiana County, Pennsylvania, showing radium 200 times greater than samples taken upstream from the plant, and far higher than permissible under the Clean Water Act.
Radium is a radioactive metal that can cause diseases like leukemia and other ill effects, if exposure occurs over long periods of time.
The uncertainty over fracking is making house prices fall. The report cites a Texas study finding, that homes worth $250,000 but within 1,000ft of a well, have lost between 3% to 14% of their value.
Another reason for the decline in property values, could be the increased chance of earthquakes. Oklahoma, Arkansas, Texas, Ohio and Colorado have had earthquakes after fracking's well wastewater disposal.
Environment America’s report suggests that damage from fracking is on a scale “unimagined” a few years ago and says:
“banning fracking is the prudent and necessary course to protect the environment and public health.”
The report strongly advises that US states take the initiative now and ban the practice.
NOT IN ROMANIA, CANADA!!!
Thousands of Romanians staged a new day of protest against a controversial Canadian gold mine project, by forming a human chain around the parliament building.
The event was held last Saturday in Bucharest, and the chain stretched 7 kilometers around parliament.
Protesters chanted, “United we can save Rosia Montana.”
“Only pressure on the streets can force politicians to stop this project - which is very dangerous for the environment,” said protester Stefania Iordache.
The crowd was acting against government support for a plan by Canadian Gabriel Resources, to mine in the village of Rosia Montana, in Transylvania region.
Protesters say the project - which would become Europe’s largest open-cast gold mine - will damage the environment, as the Canadian company plans to destroy four mountain tops and wipe out three outlying villages in the area.
The project would also involve using an average of 12,000 tons of cyanide a year, to mine the estimated 314 tons of gold and 1,500 tons of silver.
Protests erupted on September the 1st, after the Romanian government approved a draft law granting 'national interest' status to the Canadian project.
The government approved it, after it received a bigger stake in the project by the Canadian company, which has waited for 14 years to gain an official permit for the mine. The recent weeks of protests have forced the Romanian government to postpone a vote on the bill in parliament until November, and PM V. Ponta has agreed to form a special committee 'to examine' the project.
El Salvador Opens Bio-fertilizer Plant in Cooperation with Cuba
The first bio-fertilizer plant in El Salvador, built in collaboration with Cuban scientists, is opened by Vice President Salvador Sanchez Ceren, in La Palma municipality, about 80 kilometers from the capital, San Salvador. "The Cuban and Salvadorian people share knowledge and wisdom, because knowledge is not the property of individuals, but humanity, and that is what the Cuban government has shown," the Salvadoran vice president says.
The bio-fertilizer plant's main objectives are to positively influence crop yields and grow healthy products for human consumption.
The project also has the collaboration of the Tri-national Trifinio Plan Commission, administered by El Salvador, Honduras and Guatemala, which seeks to protect natural resources and work in harmony with nature.
The Salvadoran vice president stresses the importance of replacing utilitarian & predatory policies, with new organisations able to promote social and economic relations which focus on gender equality, equity, and justice, while also preserving natural processes and biodiversity, and thus, contributing to 'ecological balance'.
"Poop-power is taking human waste by-products and extracting the energy from the waste, and using the energy for useful things," Michael R. Hoffmann, a professor at California Institute of Technology (Caltech), explains in Beijing.
He was at a next-generation toilet campaign launched in China last week, and promoting his own design.
His dream is that one day all faeces can be disinfected and processed into hydrogen for electric power generation.
His whole toilet unit includes processing machinery and a storage tank for hydrogen and is designed for 40 uses per day.
The 70-year-old's vision is that one family will be able to sustain their daily electrical needs using their own excrement and reuse the water they urinate after processing in their bathroom.
Each family will need just one next-generation toilet, says Hoffmann, winner of the "toilet revolution" campaign held by the Bill & Melinda Gates Foundation last year.
"The whole unit will cost the same price as an iPhone and you can charge your iPhone with your own poop-power," says the professor.
The toilet hasn't been fundamentally changed in 200 years after its invention in 1775, until the likes of Hoffmann created "toilet 2.0."
He came up with the new idea in 2011 when he was attracted by a US military toilet project.
The military was interested in independently operated toilet systems to be used by troops in places such as Afghanistan and Iraq.
"They didn't want to have to use fuel power generators. They wanted something that would be self-contained," Hoffmann says.
The military finally dismissed his toilet idea, but The Gates foundation then came up with a similar idea.
The Foundation defines a "next-generation toilet" as one which is waterless, hygienic, not needing any sewer connection or electricity, and costs less than five US cents per user, per day.
"Although we can fly people to the moon, 40% of the world's population, 2.5 billion people, practice open defecation or lack adequate sanitation facilities," says Dr. Doulaye Kone, senior officer of water, sanitation and hygiene at the Gates foundation.
Even in urban areas, 2.1 billion people still use toilets connected to septic tanks that are not safely emptied, or use systems discharging raw sewage into open drains or surface water.
The Foundation has extended its "toilet revolution" campaign to China, kicking off with a competition and with grants of 5 million dollars to encourage Chinese talent to reinvent the toilet.
"Imagine - each person discharges 1.5L urine and 300g of feces per day, and if you multiply the number of people of Beijing, how much stuff has to be processed on a daily basis," Hoffmann says.
Processing today's raw toilet-generated sewage is a huge project demanding huge facilities, yet instead, his small invention could do the job within each home, he says.
Hoffmann has been dealing with human waste for about 20 plus years. "If you want to study something, you have to invite it into your lab. Yes, all my students and even my brave wife have contributed to my research," he says.
Sometimes, the experiments went wrong. "Yeah, people made mistakes and they forgot to do something. And it just ran out on the floor. They had to clean up the human waste with their hands," the professor says, pulling a face.
Hoffmann says his invention is expensive, as research has cost a lot. He has been seeking partners in China to manufacture the product in large numbers, which would reduce costs.
He has introduced it to industry companies and toilet designers in Beijing, calling his presentation slides the "shit show."
He asked the audience to "put our shit together" for the new "poop-power."
The Caltech team are also trying to work with an electric car company... on battery applications.
"In the future, maybe you can power your car with your own poop. If you feel your production is not enough, you can invite some of your friends to watch television at your home," he suggests.
JAPANESE AUTHORITIES "DEVOID OF RESPONSIBILITY"
The operator of Japan's crippled Fukushima nuclear plant admits - for the first time - that the site’s reactors are leaking highly contaminated water into the Pacific Ocean.
Tokyo Electric Power Company (TEPCO), the operator of the Fukushima Daiichi nuclear plant, admitted the leakage to the ocean for the first time since a catastrophic earthquake and tsunami damaged the plant’s reactors in 2011 !!!
The operator made the acknowledgement after steam was seen at one of the plant's reactors this Tuesday.
TEPCO is under criticism for delaying the announcement, since experts had strong suspicions about a possible leak for most of the time they have spent completely denying it.
Previously, the company denied all reports suggesting that ANY contaminated water was leaking into the ocean.
TEPCO spokesperson Masayuki Ono, says that radioactive water leaking from the wrecked reactors is likely to have run into the underground water system, before joining the ocean, and "might" be the result of initial leaks to the underground system, spotted way back in 2011.
Ono adds that officials believe now a leak is "possible", as underground water levels "fluctuate in accordance with tidal movements and the rate of rainfall".
The plant operator says the number of plant workers with thyroid radiation exposures exceeding threshold levels for raised cancer risks, is "noticeably" higher than early reports.
On March 11th, 2011, a nine-magnitude earthquake triggered a tsunami that inflicted heavy damage on the six-reactor Fukushima plant. The cooling systems of the plant’s reactors were knocked out, leading to meltdowns and the release of radioactive material.
Last July, a Japanese parliamentary panel found that the incident at the Fukushima nuclear plant had been a “man-made disaster” and not only a result of the tsunami.
Their report criticizes “governments, regulatory authorities and Tokyo Electric Power” for being devoid of “a sense of responsibility to protect people’s lives and society.”
NO MORE GMO IN EUROPE
Monsanto drops bid to approve new crops in Europe
The world’s largest seed corporation says it has dropped its bid to get more genetically modified crops onto the European market, after wide-spread popular opposition. The biotech giant says it will expand its share of the natural seed market instead.
“We will no longer be pursuing approvals for cultivation of new biotech crops in Europe. Instead, we will focus on enabling imports of biotech crops into the EU and the growth of our current business there,” the US- based company says in an email statement.
Pending applications for GM crops – 6 types of corn, a soybean variety and a modified sugar beet – will be withdrawn shortly, the biotech giant states.
Currently, only two GM crops are approved in Europe, the MON810 maize and a modified potato created by BASF, a German biotech company. However, much of the allowed genetically modified produce is delivered to Europe as animal feed.
Europe has long expressed its concern over the effects of GM food produce on human health.
Several EU member states, including France, Germany, Austria, and Spain, have banned the cultivation of genetically-modified crops.
In September, French scientists from the University of Caen released a study showing that rats fed on a diet containing NK603, a corn seed variety, resistant to Monsanto's Roundup weed-killer, along with those given water mixed with the product at levels permitted in the US, died earlier than those on a standard diet.
Protests against Monsanto are frequent, all over the world. In mid-June, the latest initiative against the corporation was launched.
Monsanto Video Revolt beats a corporate media blackout on GMO foods, to bring the issue to the world’s attention. The campaign was announced by the Global Healing Centre, Natural News and Natural Society, which have united to counter GM produce and the huge amounts of poisonous herbicides and pesticides, poisoning the planet.
In May, an estimated two million people, many in Europe, turned out for global anti-GM rallies.
In the UK, a YouGov poll released last month shows that only 21% of the UK's population are in favour of growing GM crops, with 35% opposed.
Yet senior officials in the UK have been stepping up their efforts to get large-scale farming of genetically- modified crops in Europe. In June, the UK's present Environment Secretary, Owen Paterson, asked the EU to loosen its controls, or risk being “left behind.”
Monsanto says they will invest in its European non-GMO seed business instead, to boost sales.
The company’s seed business in Europe accounts for over 98% of its $1.72 billion turnover in Europe.
"Conventional seeds is the area where we are focusing at this time in Europe, and we are funding the business in a way that we haven't done for more than 15 years," Monsanto’s President and managing Director for Europe, Jose Manuel Madero, says to Reuters.
The corporation is already investing $300 million to boost its seed production in France, Romania, Hungary and Turkey, with a mind to cashing in on "several hundred million dollars" more over the next five years, Madero says.
A significant part of that money, an initial investment of $150 million, which could double to $300 million within a couple of years, is to be directed to Ukraine, a major global grain producer. Monsanto stresses that the total area sown with its seeds in Ukraine doubled between 2012 and 2013.
LATIN AMERICA AND CHINA LEAD
The 2nd International Summit on the Environment (CIMA) was held this month, at Guayaquil city, in Ecuador, aimed at promoting businesses which work in unity with environmental protection.
The Guayaquil's Convention Centre hosted some 30,000 visitors, about 103 speakers, a business conference, the Latinoamerica Verde Awards for bio-entrepreneurs, and eight specific forums.
The CIMA also included Academic Forums for female leaders, visionary entrepreneurs and those responsible for policies and laws on environmental protection.
Swiss President Ueli Maurer, Dominican PM Roosevelt Skerrit, Tongan PM Siale'ataonga Tu'ivakano and Thai Deputy PM Nivatthamrong Boonsongpaisal, attended an ecological forum in China this week, a spokesperson says.
The Eco-Forum Global was held over three days in Guiyang, capital of southwest China's Guizhou Province, says a Foreign Ministry spokesperson, Hua Chunying.
An updated 2013 agroforestry and forest garden network list is now available at
Out now: Food from your forest garden - a forest garden cookbook.
THE GREATEST BATTLE
Leaders of Native American tribes have pulled out of talks with US federal officials, to express their outrage over a planned oil pipeline and its contamination of their ancestral lands.
The leaders from 11 tribes walked out of a meeting in Rapid City on May 16th, and now call on US President Barack Obama to engage with them in direct negotiations, over the Keystone XL pipeline.
“I will only meet with President Obama,” Bryan Brewer, the president of the Oglala Sioux Tribe, says.
He adds that talking directly with the US president is the only true way to conduct nation-to-nation talks.
The 1,897-kilometer (1,179-mile) Keystone XL pipeline, worth USD 7 billion, would pump oil from Canadian tar sands to Texas refineries.
The pipeline requires the approval of the Obama administration because it crosses an international border.
Casey Camp-Horinek, an elder with the Oklahoma-based Southern Ponca Tribe, compares the environmental damage of the pipeline to that suffered by thousands of her tribespeople during European colonization.
“We find ourselves victims of another form of genocide, and it's environmental genocide, and it's caused by the extractive industries,” she says.
Robin LeBeau, a council representative for the Cheyenne River Sioux Tribe based in South Dakota, vows to oppose the construction of the pipeline even if that means standing in front of bulldozers.
“What the State Department, what President Obama needs to hear from us, is that we are going to be taking direct action,” she says.
LeBeau says the pipeline would run directly through her tribe's traditional burial grounds near Bridger, South Dakota.
She urges all Native American tribes to unify in their efforts to stop the construction of the pipeline.
“I believe this is going to be one of the biggest battles we are ever going to have,” LeBeau says.
Members of the Indigenous Council of Nebraska, the Lincoln Indian Center, and a grassroots movement from Canada called Idle No More, call now on Obama, to resist political pressure and disallow the pipeline.
They say the project represents a threat to soil, water and the atmosphere through the emission of more greenhouse gases.
The US Environmental Protection Agency (EPA) has estimated that the Keystone XL pipeline will increase annual US carbon pollution emissions by up to 27.6 million metric tons.
The Arctic Council Calls for Peace and Stability
The foreign ministers of the Arctic Council have approved a special declaration that the area be kept as a zone of peace and stability.
The declaration highlights the importance of international cooperation based on international law, and the willingness of member countries to solve problems jointly.
According to the statement, transparent and predictable rules and mutual cooperation will encourage progress, trade and investment, as the stable development of its economic potential is the key to prosperity in the region.
The Arctic Council, founded about 20 years ago, groups eight Arctic countries, namely Canada, Denmark, Finland, Iceland, Norway, Russia, Sweden and the United States.
China, India, Italy, Japan, Republic of Korea and Singapore were granted new Observer States status on Wednesday.
The EU, which also requested that status, will have temporary observer status until certain aspects of its trade relationship with Canada are clarified, the Swedish foreign minister, Carl Bildt, reports, at the end of the meeting.
The Council already has six permanent members and 26 observers, including 20 organizations and six countries, and Bildt says the inclusion of more observers will not impede the council´s duties.
This shows the growing international recognition of the Arctic Council, Sweden's Foreign Minister says, at which a legally binding agreement was also adopted on cooperation in oil disasters and another one on marine cooperation.
However, on Wednesday, when Canada assumed the chair of the Council, Greenpeace immediately put out a statement that Harper's government intends to use the forum to promote industrial development in the region.
Greenpeace says the Arctic Council must be designed to ensure sustainability and protection of the environment, and must not allow the Canadian Executive to use the next two years to develop their destructive industrial agenda.
UK THE DIRTIEST POLLUTER
The UK government is violating EU air quality law by producing the highest level of NO2, judges rule.
The UK's High Court rules that the coalition is in breach of an EU directive which puts limits on nitrogen dioxide (NO2), a colorless, odorless gas produced by burning fuels, which can cause respiratory conditions leading to early death.
Judges asked the European Court of Justice in Luxembourg for guidance on what action needs to be taken. However, an immediate improvement to air pollution was delayed.
Air pollution kills almost 29,000 people in the UK each year, according to a body which advises the UK government. Before deciding on further action, the High Court has referred a number of legal questions to the ECJ, and these could take up to 18 mths to be answered.
The case was filed against the government in 2011 by the firm ClientEarth. Alan Andrews, a lawyer at the firm, says the High Court could eventually force the UK government to take certain steps to improve air quality, but does not have the power to issue fines.
The environmental law firm wanted to force the government to come up with an air quality plan to comply with EU limits on N02, by 2015.
Under the EU directive, member states are supposed to have complied with limits on NO2 in 2010, but the deadline can be extended by five years if a plan to deal with high levels of NO2 is delivered.
Court documents show 40 out of the UK’s 43 air quality zones exceeded the limits in 2010, and the government’s Department for the Environment, Food and Rural Affairs (Defra) says 23 zones might comply by 2015 and 16 between 2015 and 2020, while London is not expected to comply before 2025.
“This historic ruling marks a turning point in the fight for clean air and will pile the pressure on Owen Paterson,” says James Thornton, chief executive of ClientEarth, referring to the UK Secretary of State for Environment, Food and Rural Affairs.
“He must now come up with an ambitious plan to protect people from carcinogenic diesel fumes,” which are largely blamed for creating NO2, he says.
Salmon Confidential How Government Cover-Up on Fish Farming Threatens Your Health, and the Entire Ecosystem
Ben and I watched it on Sunday.
We actually didn't intend to watch it, but I plugged in a new set of speakers for my computer, and opened a link in a mercola.com newsletter to test the sound, and we were enthralled by this brilliantly presented extended report: The problem, analysis, solution is very clearly laid out, leading to an uplifting and inspiring result.
Salmon Confidential is a new film on the government cover up of what is killing British Columbia’s wild salmon.
When biologist Alexandra Morton discovers BC’s wild salmon are testing positive for dangerous European salmon viruses associated with salmon farming worldwide, a chain of events is set off by government to suppress the findings.
Tracking viruses, Morton moves from courtrooms, into British Columbia’s most remote rivers, Vancouver grocery stores and sushi restaurants.
The film documents Morton’s journey as she attempts to overcome government and industry roadblocks thrown in her path and works to bring critical information to the public in time to save BC’s wild salmon.
The film provides surprising insight into the inner workings of government agencies, as well as rare footage of the bureaucrats tasked with managing our fish and the safety of our food supply. >>> more
'Keystone' Species Missing in Action by the Millions
Wild Salmon Declines Traced Back to Salmon Farms
Lethal Salmon Virus Found in Every Region with
Installed Salmon Farms
You May Be Buying Salmon Infected with
Dangerous Fish Viruses
Farmed Fish Pose a Number of Health Hazards
to Your Health
Buying Local Increases Food Safety and Food Security
Story at-a-glance • Salmon Confidential draws back the curtain to reveal how the Canadian government is covering up the cause behind British Columbia’s rapidly dwindling wild salmon populations: fish farms
• In British Columbia, pacific salmon are an essential species for the ecosystem. They fill hundreds of streams and rivers, feeding hundreds of species, including humans. Since the early 1990’s, salmon numbers have rapidly dwindled, coinciding with the introduction of farmed salmon pens
• Fish farms breed pathogens that can spread like wildfire and contaminate any wild fish swimming past. Wild salmon that died before spawning have tested positive for a number of salmon viruses, including the highly lethal “salmon influenza”
• Farmed fish, purchased in stores around British Columbia have tested positive for at least three lethal fish viruses, including the dreaded ISA virus (aka salmon flu), salmon alpha viruses, and Piscine reovirus, which causes the salmon to have a heart attack, preventing them from swimming upriver
• I recommend buying locally-grown foods, and wild fish only. Fish farms are a breeding ground for disease and toxic waste, and produce fish of inferior quality. Due to the dramatically increased disease risk—a natural side effect of crowding— these animals are further contaminated with drugs, and in the case of salmon, synthetic astaxanthin, which is made from petrochemicals that are not approved for human consumption. >>> more
Excerpts: "The position of government and corporations is identical. Democracy is slipping away. ... The level of carelessness is unforgivable. ... The government is not doing it. Somebody has to! ... We must step up to support politicians who are stopping that.... Department of Wild Salmon: That's us!"
And, an exemplary statement of Canadian government official position on the findings: "...not designed as a public document. That is one of the drawbacks of releasing it to the public." Dr. Gary D. Marty, British Columbia Fish Health Vet.
It was edifying to see the faces of the many bureaucrats who have submitted to telling lies. The camerawoman did a brilliant job focusing on their eyes— watching them glaze over when they lied. I felt sorry for them, and very glad for the people who pursued the truth and came up with the best solution possible: Department of Wild Salmon: That's us!"
—the local communities taking responsibility for overseeing the protection and health of wild salmon habitat themselves. They show how they can turn this around.
We both felt informed and inspired after viewing this story.
Queen Elizabeth 1st took a bath once a year – whether she needed it or not.
Many people now take 2 showers - a day. This is very relevant to our current stage of consumption.
Consumption of our resources such as water, land, clean air and fossil fuels is now at an unsustainable level. At the time of Elizabeth 1st the world population was about half a billion. Today it is 10 billion. That is a lot of showers.
Clearly there have been many improvements since the year 1500: we are now more hygienic, warmer, better fed and more healthy, but the way we have gone about improving our lifestyles has come at a price. And although we might think everything is quite expensive enough already, we are not actually paying the full price.
The full price would include the cost to the environment. Trees don’t bill us for their loss of forests, endangered animals do not bill us for their loss of habitat. The oceans ask no price for the pollution humans pour into them, and the air will not send us an invoice for the extra greenhouse gasses it has to burden.
If the fish and whales took us to court for murder of their family members we would at least have more life left in the sea.
In 1972 a group of eminent scholars, called the Club of Rome, published a book called Limits to Growth. They spent years pulling information together, then modelled it to create a future trend scenario. Their conclusions were that we were using up the natural resources of the planet too quickly, and if we did not change our ways, collapse was inevitable. Limits to Growth was an early warning siren. Sadly few people listened.
In essence, they estimated that if human beings continued to consume more than nature was capable of providing, global economic collapse and abrupt population decline could occur at around 2030.
In other words humans are taking too much, and not giving enough back, and sooner rather than later there is going to be a very big problem.
Governments baying for economic growth at all cost are digging us deeper into the quagmire. They pursue this because they measure success in money, not in wellbeing or protection of the ecosystems on which we all actually depend in order to stay alive.
Ever more dangerous and unwholesome methods are being used to extract fossil fuels. Tar sands are huge wasters of energy and put more CO2 into the atmosphere in their extraction than when they are burnt. Fracking - or hydraulic fracturing – pumps toxic chemicals into the ground to release small pockets of gas, deep sea oil drilling has an abysmal record, but still they do it,
But there is another way of doing business. Growth is still possible, but only if we invest in technologies such as renewable energy supplies, allocate money for innovation and research so that we can overcome our dependence on dirty fuels and convert to clean energies such as wind, tide and sun. We need to stop wasting so much, and stop polluting the air with CO2 and poisons from incinerators and dirty industries.
We need to reuse more of what we have, and recycle more of what we need such as metals and plastics. Recycling leaves more in the resource pot for the next generation.
If you had the choice between a car burning fossil fuels, and a long and healthy life for your children, which would you choose?
From 1970 to 2008 the biological resources of our planet shrank by 28%. The main consumer? The USA.
Living Planet's specialists at the World Wide Nature Foundation studied over 9000 mammals, fish, birds, reptiles and amphibians, Vesti.ru reports. The report states that if the whole world used our natural resources like Americans use them, we would need five planets to sustain the Earth.
Yet the USA is only in 5th place on the list of countries which extravagantly uses the world's natural resources for its own population.
First are Qatar, Kuwait, The United Arab Emirates and Denmark. After the USA? Belgium, Australia, Canada, The Netherlands... and Ireland!
Researchers also note that small plastic particles now present a serious threat to sea life as they are entering animals' respiratory and digestive systems.
10% of fish caught in areas close to the islands of rubbish around the USA & Hawaii have plastic in their stomachs, says ECO portal.
The TRANSITIONERS' podcast: some Warmer Homes, and turning carparks into food gardens! We hear about Transition Guelph's recent 'Resilience Festival', what Marsden and Slaithwaite Transition Towns did with their LEAF funding, and what happened when Transition Belper suggested turning a local car park into a vegetable garden.
Russia, Australia, the Netherlands and Brazil have all announced that they plan to join the Asian Infrastructure Investment Bank (AIIB).
Despite US criticism, more countries from the heart of Washington’s camps say they too, are considering joining. They include diehard allies like Turkey and South Korea.
Several other countries from the same camp joining the bank, despite US opposition, are the UK, France, Germany and Italy.
China says it has already accepted the application of Brazil, its largest trading partner, to the AIIB, adding that Austria has also applied to join.
The AIIB is a multinational lender. It has 30 founding members with applications still coming in.
Other nations will still be able to join the bank, but as common members.
US SEES EUROPE SHIFT TO CHINA
France, Germany and Italy all joined the Asian Infrastructure Investment Bank (AIIB) last week - and the UK joined it the week before that.
AIIB --- launched last year --- is a China-led international development bank, targeting investment in Asian infrastructure such as transport, energy and telecommunications.
Analysts consider the new institution as a rival to the Western-controlled World Bank and the Asian Development Bank.
The AIIB's 26 founding member countries who started AIIB earlier this year, hailed primarily from Asia and the Middle East.
Despite Washington's repeated pleas for its 'partners' to stay away from the bank, which it claims has "dubious standards" on social safeguards, governance & the environment, its allies are joining the China-led initiative.
Their choice is a vote of confidence in China, which has achieved 3 decades of economic success and readied itself to make greater contributions to world development. How- ever, what makes the AIIB so popular, does not end there...
Unlike existing world lending bodies like the World Bank, in which the US has the dominant role and a veto, the AIIB gives China no such privileges.
Instead, all members participate in the decision-making process, in order to achieve win-win results.
The AIIB doesn't seek to weaken present institutions, but to strengthen them, and vigorously push forward the global economy.
The World Bank welcomes the AIIB, says World Bank Managing Director Sri Mulyani Indrawati, adding: "the WB will cooperate closely" with the AIIB.
The US may be embarrassed that so many allies braved its warnings, and embraced the AIIB, but as a NYT editorial says: "this is a problem of America's own making."
The US has been too sluggish in reforming global financial institutions it controls, as their power distribution no longer reflects reality in the global economic landscape.
Decision-makers in the United States truly do have to be reminded - that if they don't jump on the bandwagon of change in time, they'll soon be overrun by the bandwagon.
The US worries on governance standards and environmental and social safeguards, --- now European countries have joined --- can be eased somewhat, analysts say.
Meanwhile, South Korea and Australia are also considering membership, but Japan is keeping silent.
According to procedure, March 17th was the last day to apply for AIIB membership.
Money Pouring into Russia despite Sanctions
The net inflow of money into funds investing in Russian shares continued its six-week streak, $40.7 million between 26 February – 4 March, the Emerging Portfolio Fund Research shows.
The leader among BRICS countries is India, whose inflows totaled .55% ($678.1 million) over the course of the week (the 12 month total was 7.4%, or $7.4 billion).
China had comparatively weak results— an outflow of .12% ($341.1 million) in the week, or 3.8% ($11.1 billion) over the year.
Investors continued to withdraw assets from Latin America--.75% ($216.3 million) in the week, reports Vesti Ekonomika.
Russia is in 2nd place among the BRICS. Its total capital influx over the year reached 1.1% ($525.2 million).
Therefore Russia is continuing to outpace developing markets, concludes Sberbank Investment Research.
Most are funds oriented toward Russia (inflow of .11%, $34.3 million). Passive funds attracted .47% ($54.2 million), active funds lost .02% of assets ($4.6 million). In the week ending March 4th, RTS index increased by .1% and Brent crude rose by 3.2%.
'To put it in plain English, Russia is considered to have an attractive investment climate, no mean feat after a decade of sanctions, credit rating downgrades, threats of more sanctions, even threats of military action and provocative NATO exercises on its border.'
'All of these measures were intended, not to hurt Russia’s economy directly, but to create the impression Russia is surrounded, isolated, starved of capital, and with its economy “in tatters”, to quote Barack Obama.
International investors know when they see a winner.
US Frenzy at Chinese ad of yuan as new world reserve currency
In Thailand, China has recently erected a curious billboard. The words on the billboard announce a new "world currency" called the Renminbi. The US dollar is nearing the end of its global power and dominance.
Renminbi's trading hubs have appeared all over the world, from Singapore to London to Luxembourg to Frankfurt and Toronto.
Transnational corporations like McDonald's issue bonds in renminbi. Sovereign states, including the UK, issue debt in renminbi.
The renminbi is the official currency of the People's Republic of China. The name literally means "people's currency." The yuan is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts.
A historic look at dominant reserve currencies shows that reserve currencies run in cycles that last somewhere between 80 and 110 years per cycle.
The US Dollar has held its status as a reserve currency since 1921, bringing it to a 94 year long streak, indicating that the US Dollar has almost run its course.
The US prints money in an attempt to postpone the crisis, creating currency wars with nearly all major central banks in the world. As history shows, money printing will only aggravate the problem, making the transition more painful and costly.
Many international experts in finance believe that the US Dollar is on its last legs. Central banks simply manipulate events to help the dollar maintain its status for a little longer. However, the time when the US Dollar crashes is not too far away.
China and other countries, including Russia, have been calling for the US Dollar to be replaced by another world reserve currency.
More and more countries make decisions to do without the dollar in their settlements.
Rothschild warns of 'chaos, extremism' and 'horrendous' problems in Europe
Jacob Rothschild, 78-year-old banker & chair of RIT Capital Partners, warns of global instability and the fragility of any hope for future incomes, Richard Dyson writes, in The Telegraph.
In his statement on the economic year 2014, Rothschild expresses his concern about the complicated economic background investors will face in the future.
According to Jacob Rothschild, the current geopolitical situation is perhaps even more dangerous than it was during the Second World War, Pravda.Ru reports.
He stresses that the current state of affairs exists, as a result of the rampant chaos and extremism in the Middle East, the crisis in Ukraine and a general weakening of Europe -- which faces horrendous unemployment -- against the backdrop of the EU's inability to conduct necessary reforms.
The US is Completely Bankrupt.
Some time ago, a summary of a report by the authoritative Washington-based Cato Institute was published. According to this institute, US government debt in 2014, was not USD 18 trillion, but was in fact, USD 91 trillion.
The huge difference arises from the fact that official estimates don't include any “unfunded liabilities of programs like Social Security and Medicare.”
“While those liabilities don’t show up on official balance sheets, they nonetheless, represent the legal obligations of the US government.”
“The expected shortfall from these programs brings the true debt to an unfathomable USD 90.6 trillion,” notes the Cato Institute’s brief summary. The full version of the report -- including all calculations -- is expected to appear in March.
US Investment Advisor, Ron Holland:
"Americans should take advantage of the recent dollar strength to diversify into gold, investments, real estate and safe havens outside the US dollar & the United States.
"Better to be early than too late, because eventually the consequences of aggressive military actions, central bank manipulation, uncontrolled government debt & unfunded liabilities, will come home to the American people.
"Neither the guilt of our political and banking leadership nor the innocence of our citizenry will protect you, your assets or your family."
Russia ratifies $100bn BRICS New Development Bank
Russia's State Duma ratifies the $100 billion BRICS bank, that will serve as a money pool for infrastructure projects in Russia, Brazil, India, China and South Africa, and challenge the dominance of the West-led World Bank and the IMF.
The New Development Bank is expected to start fully functioning by the end of 2015, according to the Russian Finance Ministry.
Russia has agreed to provide $2 billion dollars from the federal budget for the bank, over the next seven years.
It will have three-tiers of corporate governance, with a Board of Governors, Board of Directors and a President.
The bank’s board of directors will hold its first meeting in Ufa in Russia this summer. Russian Finance Minister Anton Siluanov is likely to become the bank’s first Chair of the Board of Governors, says Deputy Finance Minister, Sergei Storchak, on 'Russia 24' TV channel.
The decision to establish the BRICS bank, with $100 billion in capital, was made in July 2014. Each of the five member countries is expected to allocate an equal share of the $50 billion startup capital --- expanding to $100 billion.
The bank will be headquartered in Shanghai, India will serve as the first five-year rotating president, and the first Chair of the Board of Directors will come from Brazil.
China outstrips US foreign investment in 2014
More foreign direct investment flowed into China than the US in 2014, bumping the US off the top spot for investment in the world, a position it has held since 2003.
China's $127.6 billion in foreign investment in 2014, was far more than the $86 billion flowing into the US, according to figures published by the UN Conference on Trade and Development (UNCTAD).
The difference between 2013 is staggering, when $123.9 billion poured into China and $230.8 billion into the US.
The US saw foreign direct investment (FDI) falling to its lowest since 2009, when the market was wiped out by a financial crisis.
The US ‘lost’ so much investment because of Verizon’s $130 billion purchase of Voda- fone in the UK, which counted against it in the UNCTAD tally.
China, the 2nd largest economy, has been steadily gaining ground in FDI, which has accelerated since the yuan's exchange rate became flexible, and other reforms made it easier for Western businesses to operate in main-land China.
“There were structural changes in inflows to China, from manufacturing, to services, & from labour-intensive to tech-intensive,” according to the Director of Investment and Enterprise at UNCTAD, James Zahn.
After China, Hong Kong too, passed the US --- into second spot, followed by Singapore and Brazil. The US is the only developed, and not developing, nation in the top five.
The UN survey notes a major shift favoring investment in the developing economies --- which saw investment rise 4% in 2014 --- while developed economies fell by 14%.
The biggest losers are the EU --- and the former Soviet bloc.
(Russia lost 70% of its foreign investment, and Ukraine lost out on $200 million. Both as a result of the conflict in E. Ukraine.)
Another title China took from the US in October 2014, was the world’s biggest economy in terms of purchasing power.
“China's been steady with modest growth over the past few years and it's expected to continue,” Zhan tells the WSJ.
Greece’s anti-austerity Syriza party officially wins parliamentary elections
Radical left-wing opposition party Syriza has officially won the Greek parliamentary elections, securing 149 seats, out of 300.
Syriza managed to gain key support to form a new government, after meeting with Panos Kammenos, the head of the anti-austerity party, Independent Greeks, which also opposes Greece's bailout deal.
Kammenos says his party backs Tsipras to be the next prime minister.
"From this moment there is a government in the country. The Independent Greeks give a vote of confidence to PM Alexis Tsipras. There is an agreement in principle," Panos Kammenos says, after talks with Syriza's leader, as quoted by Reuters. “It's an historic victory. It sends a message against austerity and in favor of dignity and democracy,” Panos Skourletis, spokes- person, tells Greek Mega TV.
Syriza is the first anti-austerity party to come to power in the EU.
The government has announced that it is no longer bound to the Troika loans and has announced privatisation plans are now "on ice", plus a series of new benefits for the elderly and a reversal of many job cuts.
(For details, see 'One Union' page)
Iran stops using dollar in international settlements
Iran is stopping the use of the US dollar in settlements with foreign countries, Iran's Central Bank says, on Saturday (24th of January, 2015).
“In foreign trade from now on, we'll be using other currencies, including the yan, euro, Turkish lira, Russian rouble and South Korean won,” the Central Bank’s deputy head, Gholam Ali Kamyab, tells Tasnim News Agency.
He says Iran is presently considering bilateral currency agreements with several countries on the use of other currencies. The agreements favour trade and economic operations, he says, and are planned for in the "near future".
Fresh official figures show that for the first time in three months, German industrial production fell sharply in November last year.
Figures provided by the German Economics Ministry show a 0.1% drop in industrial out- put, as energy production and construction activity also fell.
The fall comes after a 0.6% rise in October.
Data from the Federal Statistics Office shows that seasonally adjusted exports declined for a 2nd consecutive month, by 2.1%, in Nov.
The figures also show imports rose by 1.5%.
Economists predicted a 0.3% rise in production.
The Federal Statistics Office says German factory orders fell by 2.4% in November, compared with October..
The drop is thought to have been caused by a 2.6% fall in orders from non-euro countries and a 4.7% decline in domestic demand.
Economists say the Ukrainian conflict and Western sanctions imposed against Russia have contributed to the geopolitical crisis, limiting growth.
S&P cuts Ukraine’s rating to triple C-, spurring default fears
Standard and Poor (S&P) has lowered Ukraine’s credit rating from CCC to CCC-, nine rungs below investment grade.
S&P warns that Ukraine, which is in dire need of international financial assistance, may be on the brink of default, as Central Bank reserves shrink and bailout funds are delayed.
The International Monetary Fund (IMF) says that - despite productive talks with Kiev - the parties failed to reach an agreement.
Though the country has received billions in aid from the IMF, the US and the EU, a tumultuous year has left Ukraine’s economy in ruins.
The IMF estimates that Ukraine would need $15 billion in the short term to avoid a full- blown financial crisis.
The US is behind the current drop in oil prices – Bolivia’s president
The US is behind the current drop in oil prices, as it is aiming to undermine the economies of petroleum producers Russia and Venezuela, Bolivian President Evo Morales tells RT.
Morales says it is “a pity” that Washington stays on the “wrong course” by continuing to use sanctions against its political rivals.
“[The US thinks] we are living 200, 300 or 500 years ago, instead of today. But all the past should remain in the past. The US should realize this,” he states.
America is acting like other large empires did for centuries, as they “disseminated strife & hatred inside & outside, wishing to establish political control over other nations and plunder them economically,” Morales says, in an apparent reference to the Spanish conquistadors’ invasions of Latin America.
The Bolivian president also slams Europe as “US accomplices”... for implementing sanctions worldwide.
“We must think of a way to liberate Europe, and just think --- they used to be invaders of our countries,” he says.
Morales says President Obama “should stop imposing sanctions” and pay more attention to America’s internal problems, such as “abolishing capital punishment, or thinking of new laws to fight racial discrimination.”
He describes the US president as a “discriminated against Afro-American” who is himself “discriminating against migrants.”
“Of course, when America can’t overthrow a president by a violent military coup, it starts to view the option of economic sanctions.
“I am sure that the oil prices plunge was provoked by the US, to undermine the Russian and Venezuelan economies. This is my opinion,” Morales says.
He urges Moscow and Caracas to “join their efforts” to counter Washington’s “aggressive policies.”
Morales says that current oil prices, which have reached their lowest since 2009, are the result of “temporary difficulties.”
“I am sure the US aggression related to oil price cuts will not last long. Is $60 per barrel a feasible price? Washington is not interested in this.
“All the US is interested in, is an economic assault on some countries to overthrow their presidents. But they will not succeed in this task,” he says.
The oil price has fallen from $100 per barrel in June, to $60 a barrel in December, due to a drop in global demand, and increased oil production in the US.
Many observers believe that low oil prices & Western sanctions imposed on Moscow over its reunion with Crimea and alleged involvement in the Ukrainian crisis, have given a painful blow to Russia’s economy.
A decline in confidence in Russia’s economy prompted investors to sell off Russian assets, which in turn saw the ruble plunging over 40% against the dollar, since the start of the year.
UNASUR Rejects IMF Criticism of Regional Pro-Integration Processes
The Secretary General of the Union of South American Nations (Unasur), ex Colombian president Ernesto Samper, says that the International Monetary Fund lacks the moral authority to make recommendations about pro-integration processes in the region.
"The IMF has no moral authority to come and give us any recommendations, after we were - for many years - subjected to its terms that hindered any possibiluty of progress. It is like Dracula running a blood bank," says Samper, at a press conference in Quito.
In recent remarks in Santiago de Chile, the IMF's Managing Director, Christine Lagarde, said that pro-integration mechanisms like Unasur, the Bolivarian Alliance for the Peoples of Our America (ALBA), the Southern Common Market (Mercosur) & the Central American Integration System (SICA) should be rejuvenated, and compared them to a big plate of spaghetti.
Mrs. Lagarde should rather worry about what is happening in Europe, says Samper, who, in turn, compared the current economic crisis in Europe to a lasagne, with only two countries eating the cheese and meat and leaving pasta to the rest.
Samper recalls that all the difficulties Unasur countries, and Latin America in general, have suffered to curb poverty and have economic growth, have been caused by the IMF's "poisonous demands" which have hindered any chance of progress in the region.
It's like Methuselah giving lessons on youth, says the secretary general of the regional bloc which includes Argentina, Bolivia, Brazil, Colombia, Chile, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay and Venezuela.
Greece: All Time High Long term Unemployment Long term unemployment grew over the last year in Greece reaching an all-time high, the quarterly report on employment issued by the EC shows.
Data shows that during the second quarter of 2014, unemployed people seeking jobs for one year or more, reached 19.6% of the financially active population , that is, over two thirds of the total number unemployed in the country.
The report confirmed that despite the relative stability of the unemployment rate, about 27% for over a year, the rate of unemployed people still shows a long term an upward trend, with an increase of 1.9% during the last year.
The CE also reports a decreasing Gross Domestic Product, now back at its 2000 rate, plus increased inequality among the population, due to the total elimination of social assistance and the collapse of household incomes.
IMF warns of downside risks in uneven global recovery
The International Monetary Fund, on Tues (6th Oct), lowered its global economic growth forecast for the third time in 2014, warning that the global recovery remains uneven and that downside risks have risen, compared with the spring.
Russia's MDM Bank joins China’s Union Pay
MDM Bank, one of Russia’s top 30 banks, has joined the Chinese payment system, Union Pay, the bank says.
“After the project’s technical implementation, the owners of Union Pay cards will be able to receive cash in MDM Bank’s ATMs and pay in those stores and malls serviced by the bank,” the bank says.
Union Pay’s representative in Russia, Fan Zhiguang, said the number of the system’s cards in Russia will hit 2 million within 3 years.
The Chinese system and Japan’s JCB will work in co-branding with the operator of Russia's national payment system, whose founding was ordered by President Vladimir Putin, after Visa/MasterCard stopped processing cards by some Russian banks, due to sanctions imposed on the country by the US.
Russia to ban all US agricultural products, EU fruit & vegetable imports - watchdog
Moscow is to ban all US agricultural products, including poultry, plus EU fruit and vegetable imports, in response to Western sanctions imposed on Russia over the Ukrainian crisis, says Russia’s agricultural watchdog.
All agricultural goods produced in the US and imported into Russia, will be halted for 1 year, assistant to the head of Rosselkhoznadzor, Aleksey Alekseyenko, reports.
EU fruit & vegetables fall under the ban, Alekseyenko says, adding that all dairy products from the EU, are on the list.
“The list includes milk powder, butter & cheese,” a source says, adding that this also includes all mass production cheeses.
Russia's sanctions on US and EU food imports will be “quite substantial,” Alekseyenko says.
The restrictions are to affect those countries which initiated sanctions against Russia.
By the end of 2013, the major importers of dairy products to Russia were:- Finland, with 17,8000 tons worth US$19.6 million dollars; Estonia, with 8,300 tons worth $19.4 million; Poland, with 3.8 tons worth $8 million; and Lithuania, with 3 tons worth $7.3 million, according to Russia’s Federal Customs Service.
Alekseyenko states that many countries that didn't sanction Moscow, are ready to increase their exports of similar products to Russia.
Russian officials have already held consultations with representatives from Ecuador, Brazil, Chile, and Argentina, on expanding food imports from them, says Rosselkhoznadzor.
Russia’s agricultural watchdog is permitting imports from over 90 Brazilian suppliers of animal origin products.
The list comprises 31 suppliers of beef by-products, 27 suppliers of poultry, 27 suppliers of beef, 4 suppliers of pork and pork by-products, and 3 suppliers of milk and dairy products.
This is a retaliatory measure for the several rounds of sanctions imposed by the US and EU on Moscow, over the crisis in Ukraine.
Last month, the EU came up with the harshest restrictions ever, targeting the finance, energy and defense sectors of the Russian economy.
They hit 5 Russian banks, including the biggest, Sberbank. The EU also introduced an embargo on the import and export of arms and related material, to and from Russia.
Sanctions against Russia already taking toll on Western businesses — FT
According to the Financial Times, shares in Adidas, the world’s 2nd largest sportswear group, fell 15% after the company issued a profit warning & said it would accelerate a closure of its stores in Russia.
“These warnings come as the EU directs its toughest sanctions against Russia since the end of the cold war, targeting Russia’s energy, financial & defense sectors,” the newspaper’s online article says.
According to the newspaper, shares in Adidas, the world’s second-largest sportswear group, dropped 15% after the company issued a profit warning and said it would accelerate the closure of stores in Russia because of increasing risks to consumer spending in the region.
Joe Kaeser, chief executive of Siemens, warns that geopolitical tensions, including those in Ukraine, pose “serious risks” for Europe's growth, both this year, and the next.
Royal Dutch Shell’s chief executive, Ben van Beurden, says that, along with other western oil majors, he is assessing the impact of the tighter sanctions on Russia’s energy sector imposed by the US and EU.
“It’s a bit early to say how it will play out, what the consequences might be or how we'll react,” he says. Last month the oil company suspended operations in the Yuzivska field in east Ukraine, amid mounting clashes between separatist and government forces, the newspaper says.
Erste Group, the third-largest lender in emerging Europe, warns the turmoil could impact banks in Eastern Europe:
“I can’t exclude any nasty surprises in the region due to political decisions or developments,” says Erste chief executive, Andreas Treichl. “If the crisis accelerates, of course, we will have to revise our forecast for all of Europe in 2015 and in 2016,” he adds.
"Inclusive growth and sustainable solutions."
The day after the 2014 World Cup final in Brazil, the 6th BRICS group (Brazil, Russia, India, China and South Africa) Summit started there.
Fortaleza and Brasilia were the host cities from June 14 -16, to finally establish a new financial framework under the title, "Inclusive growth and sustainable solutions."
The countries of the BRICS group are now setting the foundations for a new global financial framework.
A monetary stabilization fund - the Contingency Reserve Agreement (CRA) & a development bank, known as BRICS Bank, are going to operate as a multilateral support mechanism for balance of payments, and a fund to finance investments.
BRICS is to distance itself from the IMF and the World Bank, institutions created 70 years ago, by the US Treasury Department.
This financial cooperation in the face of the dollar's volatility, offers alternatives without 'structural adjustment programs' or "economic restructuring".
As a consequence of the growing global economic slow down, it has become more difficult for the BRICS countries to attain growth rates above 5%.
The continued fall in prices of primary materials for industrial use, due to a reduced demand from Asia and the return of short-term capital flows to Wall Street, has negatively impacted most foreign trade and exchange rates.
With the exception of the slight improvement of the yuan, the currencies of the BRICS countries have fallen from 8.80 percentage points (Indian ruppee) to 16 (South African rand), compared to the dollar, between May 2013 and June 2014.
The CRA will reduce volatility in trade and investment, between BRICS members.
The CRA won't need the support of the IMF to make its own loans, affording it greater political autonomy from Washington.
The currency war of the central economies against the economies of the capitalist periphery, demands the implementation of the CRA --- as soon as possible.
The Contingency Reserve Agreement and the BRICS Bank will be valuable financial instruments beyond the reach of the US, the International Monetary Fund and the World Bank.
The BRICS Bank begins with 50 billion dollars of capital, rising to 100 billion in 2 years and 200 billion in five years.
It will be able to finance up to 350 billion dollars for infrastructure, education, health, science, technology and environmental projects.
In South America, the BRICS Bank could reduce financing costs and strengthen the Development Bank of Latin America's role in smoothing trade cycle instability, by increasing credits in times of crisis, and thus rule out loans from both the Inter-American Development Bank (IADB), and the World Bank.
On the other hand, as a credit provider, the BRICS Bank will compete with other financial entities which hold considerable influence in the region, such as the Brazilian National Bank of Economic and Social Development (BNDES), CAF, China Development Bank and Exim Bank of China – the Chinese banks with the greatest number of credits.
If BRICS Bank loans are issued in yuans, the currency's internationalization will gradually strengthen its position as a means of payment & reserve currency, to the detriment of other currencies.
Brazil, Russia, China and South Africa, the five most dynamic emerging economies on the planet, make up the BRICS group, a powerful association which represents 43% of the world's population, 30% of the earth’s surface, 18% of the world's GDP and 35% of the world's currency reserves.
BRICS members’ industries produced over 50% of global economic growth over the last decade.
Goldman Sachs states that by 2035 the BRICS could become an economic bloc greater than G-7, composed of the major industrial powers.
Goldman Sachs also argues that Brazil, Russia, India and China’s economic potential is such, that they could become the world’s dominant 4 economies --- by 2050.
They constitute an enormous territory (39.7 million square kilometers), which gives them strategic continental dimensions and a huge quantity of natural resources.
US appetite for European market responsible for Ukrainian crisis - experts
The Ukrainian crisis broke out because of US wishes to devour European markets by ousting its competitors --- Russia and China --- says the President of Neokon consultants, Mikhail Khazin.
The European Union market is optimal for the US, and the US won't yield it to Russia or China, or the EU's powerhouse, Germany, the economist told the Free Thought intellectual club.
“It's no accident that the US proposal to the EU makes Europe a free trade zone. Then, the EU countries will be deindustrialized, as production costs are higher in Europe, than in the US,” Khazin said.
“Over time, the European market, according to Washington’s designs, should become a market for US goods.”
The US “has revised its energy strategy and is going to export shale gas to Europe,” the expert added. “Since it is more expensive than Russian natural gas, the US seeks to limit or completely stop, Russian gas supplies to Europe,” he said.
This, Khazin believes, is the reason for Kiev’s stubbornness in the gas conflict with Russia, -- forcing Gazprom to cut supplies to Ukraine on June 16th, until Ukraine pays for already supplied gas.
US shale gas plans also explain the interference of certain US politicians, including Ambassador to Bulgaria Marcie Ries & Senator John McCain, into talks on the South Stream pipeline's future, between Russia and the EU, he added.
“Washington’s global economic aim is to destroy and devour the European Union consumer market to harm Russia and China, as the latter is set to become world leader this year, and challenge the US,” Khazin said.
The economist recalls ex Ukrainian President Viktor Yanukovych’s visit to Beijing, straight after his trip to Vilnius for the EU Association Agreement signing last November...
Yanukovych had agreed with China on a deep- water port construction in Crimea in advance. The project would attract about $12 billion of investment & about 2 million Chinese workers.
This was Beijing’s plan on how to lay a new Silk Road to Europe, and it has faced persistent US resistance, Khazin says.
“Washington does not want to see China taking the EU sales market, or Russia’s strengthening position as energy supplier to Europe, via the South Stream pipeline.
Hence the US politicians’ eagerness in Kiev & their numerous visits to the Maidan at the time of protests by EU integration supporters.
It's the US that deprived Yanukovych of the presidential post, to sweep into power pro- American politicians,” the expert believes.
The US is keen to take a tight grip on Ukraine's energy sector, and the new government in Kiev is eager to help it do so. On Tuesday, Ukrainian Prime Minister Arseniy Yatsenyuk announced that the country’s gas transportation system is being handed over to its US and EU partners.
Moreover, US Vice-President Joe Biden’s son is now a board director of Ukraine's private oil and gas company, Burisma.
Professor Daisuke Kotegawa, former executive Japan director at the IMF, shares Khazin’s view:
“As a specialist in the settlement of major financial crises, I can say that the political crisis in Ukraine is hugely influenced by global financial instability & uncertainty about the US establishment patronizing Ukraine over its position in the world.”
Mikhail Delyagin, director of the Institute for Globalization Problems, says “the US purposefully destabilized the situation in the Middle East during the Arab Spring”.
“This time, the US has provoked a political crisis in Ukraine. Russia could be its next target. The chief US strategic goal in the context of these destructive actions, is to instill fear and drive global financial speculators’ money into US securities, to keep the US's national economy afloat,” the expert says.
Russia-Ukraine ties chillier over gas cutoff
Kiev wanted to pay 268.5 dollars per 1,000 cubic meters of gas -- the price it had when Yanukovych was in power. Then it wanted to pay at 326 dollars for an "interim period", until a lasting deal was finally reached.
Moscow offered a discounted price of 385 dollars.
EU Energy Commissioner Guenther Oettinger says Moscow declined Kiev's final offer, under which Kiev would pay 1 billion dollars immediately and then make monthly repayments to Gazprom.
That proposal was for 385 dollars per 1,000 cubic metres in winter, 300 dollars in summer.
Gazprom chief executive Alexei Miller says now that it will no longer be enough for Kiev to pay a part of its debt, for supplies to resume. Ukraine must now pay off its entire 4.45 billion dollars in debt, & pay in advance for 1 month's deliveries, he says.
This appears almost impossible for Ukraine, with its economy hard hit by chronic unrest.
Ukrainian Prime Minister Arseny Yatsenyuk accuses Russia of deliberately blocking a deal to cause Kiev supply problems next winter, when temperatures will plunge, and heating needs, increase.
"It is yet another step against the Ukrainian state and against Ukrainian independence," he says.
Russian Prime Minister Dmitry Medvedev claims that part of the Ukrainian leadership is "losing adequacy," citing Yatsenyuk's refusal of Russia's earlier preferential gas price offer and "paranoid behaviour" by the acting foreign minister, Andrei Deshchytsa, who made insulting remarks about Russian President Vladimir Putin, that weekend.
He has now been replaced, as are several others, such as the Chief prosecutor.
Medvedev says Russia is still open to dialogue.
"If our colleagues in Ukraine start to hear (our) reasoning better (and) return to discuss the highly concessional, very preferential offers made by Russia, I think we will be ready to continue talks," he says. "But, of course, under the condition that the debt is settled in full."
Gazprom has filed a lawsuit at the Stockholm arbitration court, demanding that Ukraine pay off its gas debt. Naftogaz, in turn, says it has also made its case at the same court, to contest Gazprom's pricing.
The Ukrainian company says it is also seeking to recover about 6 billion dollars "overpaid" to Gazprom since 2010, by an "unfair" contract.
The gas cutoff will not affect Ukraine immediately as it has 12 billion cubic meters in storage, enough to meet both it and the EU's needs for the summer.
But analysts say it could disrupt Europe's long-term energy supplies, as EU consumers get about a third of their gas from Russia and around half, through pipelines that cross Ukraine.
Gazprom promises it will continue to supply gas to consumers in other parts of Europe at full volume, but warns the European Commission of potential interruptions in gas transit through Ukraine, and urges Ukraine to abide by all its obligations, to ensure a smooth transit of gas to the EU.
Chances are that the Ukrainian government is acting irrationally, some analysts say.
Kiev has not paid for the gas it imports from Russia for months, resulting in a mounting multi-billion dollar debt.
Russia offered a $100 discount for gas to a level Europeans pay. The offer included a recalculation of the current debt, which would have revalued the gas supplied since April with the discount applied, but Kiev rejected this as not good enough.
“Ukraine was offered a very generous discount and yet they still wanted more. It really is quite incredible – the nerve and chutzpah of Ukraine's government in all this. I don’t think any amount of discount would really satisfy Ukraine. They are spoiling for a fight here,” says journalist Neil Clark.
Instead of compromising and settling the debt, Kiev seemed to be prepared to raise the stakes.
Over the past few months it has been pumping as much unpaid Russian gas into its underground gas storages as it can - and now says it has enough to last till autumn.
Kiev’s desire to dictate the terms to Russia may have an irrational basis underneath, says international law expert Alexander Mercouris.
“It is difficult for the Ukrainians at this time to negotiate with Russians about anything. There are many people in Kiev who don’t like that,” he says.
“One of the fundamental problems with the way in which Ukraine's authorities have been dealing with their multiple crises since taking power in February, is that they don’t seem to show very much grasp of reality,” he adds.
There are also concerns that Kiev will just begin siphoning off gas in transit from Russia to European consumers, as happened during previous rounds of gas stand-offs.
A more distant problem will arise in winter. Normally Ukraine would accumulate gas intended for Europe in summertime and deliver it in winter, because that’s how Ukraine's pipeline system is designed.
With gas from storage used for Ukraine’s own consumption, there will simply not be enough for Europe, next winter.
“The Ukrainian government has been intransigent and is putting the people of Europe at risk. That’s why the EU is actually cautiously supporting Russia’s position at this time,” political analyst Bill Dores said.
Ukraine has for years enjoyed a politically motivated preferred treatment by Russia in gas price discounts, he added.
Now there's a government in Kiev hostile to Russia, Moscow has no reason to support it with subsidies.
An escalating conflict will hurt all three parties involved. But the coup leaders were tempted to raise the stakes, says Mercouris.
“There is an expectation that once things are deteriorating in Ukraine, it could be blamed on the Russians,” he explains.
With Ukraine's economy already in peril, & with painful austerity measures being demanded by international creditors in exchange for loans, plus political turmoil in the eastern provinces, Kiev has loads of blame to apportion in the near future.
Emirates Airline Cancels 70 Airbus Planes Order
The United Arab Emirates on Wed 11th June cancelled their order for 70 long-haul A350 planes from European manufacturer Airbus.
The decision was taken following "on-going discussions with the airline in light of their fleet requirement review", Airbus says.
Airbus adds that it is still very confident in the A350 program and says there are almost 750 planes on their order books already.
"The program of test flights for the A350 is progressing well, scheduled for certification (by the Aviation Authorities) in the coming months," says Airbus.
According to AFP, the cancellation of such a big order seems to be a serious setback for the manufacturer, based in Toulouse. John Leahy, boss of Airbus, is to make a statement later.
The Emirates is one of Airbus's biggest clients and placed their order for 70 A350s in 2007. The first deliveries were scheduled for 2019.
In London, aero-engine maker Rolls-Royce says the cancellation reduces the value of its order book by 2.6 billion pounds (3.2 billion euros, $4.3 billion).
Letting in Vultures is not Negotiable, says Argentina's Cristina Fernandez
"Some things are not negotiable, like delivering our homeland to vultures for them to tear it to pieces", said Argentine President Cristina Fernandez, to an emotional crowd of young activists that gathered at the Casa Rosada to meet her.
Fernandez addressed activists of various organizations, and in her address to youth, she referred to the decision of over hundred UK parliamentarians that signed a motion of support for Argentina against Vulture Funds.
"This call attempts to stop vulture funds from making profits out of Argentina and forcing the country into non-compliance with its payments," said Fernandez.
"What is wrong with some people that they cannot distinguish between the Government and the interests of the homeland? There is only one way of understanding the homeland: to love it and defend it with our own lives, if necessary," said Fernandez.
The president referred to a lawsuit that Argentina has brought to the US Supreme Court to appeal the ruling by a New York judge that favors groups of financiers and damages the exchange agreements signed by Argentina with 93 percent of its creditors.
According to Judge Thomas Griesa's ruling, until Argentina pays the Vulture Funds, it should not pay the creditors that joined the 2005 and 2010 agreements, something that would force the country into non-compliance with debt payments.
The US Supreme Court is supposed to deliberate on June 12th on whether it will take the case, reject it, or discuss it with President Obama.
The IMF agrees that implementation of Judge Griesa's ruling could damage business and the restructuring of debt payments in many countries around the world.
According to Telam news agency, the 106 legislators' motion for support calls on the UK government to promote a law which will "stop the vulture funds from ignoring the restructuring of Argentine and Greek debt."
Jubileo network states: "two of the creditors, NML Capital and Aurelius Capital Management, are suing Argentina in New York, demanding huge profits for debts it purchased at pennies on the dollar during the 2001 crisis.
EUROPE ENTERS NEGATIVE TERRITORY
As the G7 threaten Russia with sanctions --- risking a patient Russia's gas cut off --- the ECB drops interest rates to an historic record low, entering negative territory.
The European Central Bank(ECB) lowers its benchmark interest rate today, to - 0.10%, as the continent battles deflation, after many failed monetary policy attempts.
The European Central Bank also cuts its main refinancing rate to 0.15% from 0.25%, and the deposit rate from zero to -10%, the first time the ECB has ever seen a negative rate.
The new interest rate applies to all EU member states.
NATO's RASSMUSSEN & RICH ELITE
140 participants representing 22 countries attended a 62nd annual Bilderberg meeting, in Copenhagen, Denmark.
As is usually the case with the summit, this year’s Bilderberg – which took place from May 29th to June 1st – attracted notables such as NATO Secretary General Anders Fogh Rasmussen, former director of the US National Security Agency, Keith Alexander, and the former US national security advisor to the White House, Thomas E. Donilon.
In addition to the guest attendees, the Bilderberg Steering Committee is a list of powerful financiers, including Peter D. Sutherland, Chair of Goldman Sachs International, as well as Peter Thiel, the president of Thiel Capital.
Bilderberg runs under “Chatham House Rules,” which stipulate that the identity or affiliation of a speaker may not be revealed by other participants, including by any media there.
Though it may be intended to promote a free exchange of ideas among the rich, such rules feed what detractors say is an unnecessary cloud of secrecy, as well as a range of conspiracy theories, that say the summit is a shadowy gathering of architects of a “New World Order.”
HOLD PUT ON UKRAINE/EU DEAL
Ukraine’s President-elect Petro Poroshenko has asked the President of the European Commission, Jose Manuel Barroso, and the President of the European Council, Herman Van Rompuy, to postpone the signing of the economic section of the agreement on Ukraine’s association with the EU, for an indefinite period, because of the unstable situation in the country, sources in the Kiev government say on Thursday.
The sources say Poroshenko is afraid that after Ukraine signs the association agreement with the European Union, Russia might impose restrictions on imports of Ukrainian goods, which will have a negative impact on the socio- economic situation in Ukraine.
Earlier Thursday, Ukraine’s interim Foreign Minister, Andrii Deshchytsia, told media his ministry planned to hold consultations with the EU, on a possible signing of the second part of the association agreement, before June 27th.
Initially, it was planned to sign the second part on June 27th, “but Petro Poroshenko said he wanted this document to be signed earlier than that,” Deshchytsia added: consultations will focus on “how early this document could be signed.”
Earlier, Poroshenko said he would sign the association agreement, as soon as he was sworn into office.
On March 21st, Ukraine and the EU signed the political section of the agreement. The document was signed by Ukraine’s interim Prime Minister, Arseniy Yatshenyuk, the President of the European Commission, Jose Manuel Barroso, and the President of the European Council, Herman Van Rompuy, & leaders of the 28 EU nations.
Talks to resume on China's $10 billion investment plans for Crimea
Chinese investors will resume suspended talks in August on building a $3 billion, 25-meter deep-water port near Yevpatoria in Crimea, the republic’s first Deputy Prime Minister Rustam Temirgaliyev says.
First moves in a project announced in December and sealed with a letter of intent, await Crimea's transfer to ruble transactions and securing stable water supplies recently seized by Ukraine, Temirgaliyev says.
This will be the first move forward in Chinese plans to invest $10 billion in the peninsula's developments, which were announced before the fall of President Viktor Yanukovych.
These were, to develop Yevpatoria, upgrade the port in the city of Sevastopol and create an economic zone in Crimea for electronics and IT companies.
A $7 billion worth second stage is expected to build oil complexes, grain elevators and liquefaction plants, and to lease Crimean agricultural land.
As Crimea’s status changed to become a region of the Russian Federation, China's interest broadened into prospective joint projects with Russia, including a bridge or a tunnel across the Kerch Strait. This links Crimea's Kerch peninsula and the Taman peninsula of Russia's Krasnodar region.
Construction could require upwards of 100 billion rubles ($2.9 billion) if rail tracks were laid along the bridge, according to Russian Transport Minister Maxim Sokolov.
Chinese companies are also keen to take part in thermal and alternative energy projects in Crimea, though further investment schemes have not yet been specified.
RUSSIA TO DUMP DOLLAR FOR RUBLE
Russian Prime Minister Dmitry Medvedev says Western sanctions against Moscow will galvanize it into using the ruble as a currency for global trade.
"Trading for rubles - this is a definite priority," Medvedev says this weekend.
"This, in fact, should ultimately move the ruble from the cohort of freely convertible currencies into the ranks of reserve currencies," he adds.
The Russian government is reportedly considering plans to oblige state-owned companies to receive payment for key exports in rubles, rather than in dollars, as at present.
"Of course, the more we sell, for example, our products, including oil, gas, machine-building, defense products for rubles, the more we will encourage such a quality for our currency," Medvedev says.
He plays down Western sanctions, saying, "At present the effect of sanctions on the Russian economy is absolutely minimal, if you can talk about any effect at all."
Russia warns of retaliatory measures if the West continues with sanctions over the crisis in Ukraine.
EU to discuss import bans on Russian caviar, vodka and diamonds – report
Further EU sanctions against Russia may see a ban on caviar, vodka, furs and diamond imports, Reuters reports, citing a two-page document setting out possible scenarios.
It will be discussed at a summit on May 27th, when EU leaders are set to meet to discuss Ukraine's snap presidential elections.
The paper outlines low-intensity, medium- intensity and high-intensity sanctions. The latter would include bans on oil and gas.
Russia prepares classified document with retaliatory measures on Western sanctions
Russia has prepared a classified document with measures to retaliate, if more Western sanctions are used against Moscow over Ukraine, a senior Kremlin economic aide says on Friday.
There are tactics developed in response to the sanctions, Andrey Belousov tells Rossiya 24 TV, at the St. Petersburg Economic Forum.
Certain acts will provoke different reaction levels – it depends on whether the sanctions are imposed against individuals or sectors, or they're systemic, he says.
If any new sanctions are imposed against Russia, “we know exactly how to react,” the official says.
WEST "ONE-UPMANSHIP" FALLS INTO NET
China and Russia inked the long-awaited gas deal in Shanghai this Wednesday, ending decade- long natural gas supply talks between the two.
Australia’s Woodside pulls out of massive Israel gas venture
Australian energy giant Woodside Petroleum has pulled out of the massive Leviathan gas joint venture off the coast of Israel — one of the largest deposits found in the world.
The company says it has terminated an early- stage agreement with Leviathan partners, led by US oil producer Noble Energy, to take a 25% stake, worth an estimated US$2.5 billion, in the discovery.
Woodside chief executive Peter Coleman says that negotiations between the parties, which started in 2012, failed to reach an acceptable outcome on development and supply.
“While Woodside’s commitment to growth is strong, even stronger is our commitment to making disciplined investment decisions.
“I would like to acknowledge and thank the Leviathan Joint Venture participants and the Israeli government for working with us.”
Israeli Prime Minister Benjamin Netanyahu said the exports would bring in some US$60 billion to state coffers over the next 20 years.
Woodside signed a non-binding memorandum of understanding in February, outlining its intention to take up a stake in the project, running all the downstream gas production operations, with Noble in charge of up- stream processing.
The Leviathan field’s size is estimated at 18.9 trillion cubic feet (535 billion cms) of natural gas, plus 34.1 million barrels of condensate, and has been hailed as the largest gas deposit found in the world in a decade.
READ MAX KEISER HERE...
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From November 2013 to January 2014, Belgium, with a GDP of $480 billion, bought $141.2 billion of US Treasury bonds.
Somehow, Belgium came up with enough money to allocate during a 3-month period, 29% of its annual GDP, to purchase US Treasury bonds.
Certainly Belgium did not have a budget surplus of $141.2 billion. Was Belgium running a trade surplus during a 3-month period equal to 29 % of Belgium's GDP?
No, Belgium’s trade and current accounts are in deficit.
Did Belgium’s central bank print $141.2 billion worth of euros in order to make the purchase?
No, Belgium is a member of the euro system. Its central bank can't increase money supply.
So where did the $141.2 billion come from?
There is only one source. The money came from the US Federal Reserve, and the purchase was laundered through Belgium in order to hide the fact that actual Federal Reserve bond purchases during November 2013 through to January 2014, were $112 billion per month.
GERMANY CAN SEE U.S. POWER PLAY Economic sanctions against Russia, demanded by Washington, will hurt the economy of German eastern states first, says Herman Winkler, a German European Parliament deputy from the centre-right Christian Democratic Union.
“Sanctions will only damage ourselves and affect, first of all, the economy of eastern Germany,” Winkler says on Monday.
US' calls for more rigorous sanctions against Moscow suggest that Washington is pursuing its own economic objectives, he states.
“After the fracking boom, the United States is on its way to becoming the largest gas exporter in the world,” Winkler says, “and Russia is now an unwelcome competitor.”
“We should stop being the Americans' servants,” he says, adding that the Ukrainian crisis could be settled, only by co-operating with Moscow.
A policy of confrontation is “blind to history and deaf to the other side,” Winkler says.
G20 determined to spur growth, pushes US to ratify IMF reforms
Policymakers from G20 nations on Friday urge the US Congress to pass the long- delayed quota and governance reforms to the IMF, "by the end of 2014".
Representing over 80% of the global GDP, the G20 nations are Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Republic of Korea, Turkey, the US and the EU.
They say they are "deeply disappointed" with the long delay in IMF quota and governance reforms.
"The implementation of the 2010 reforms remains our highest priority, and we urge the US to ratify these reforms at the earliest opportunity," the G20 says.
"If the 2010 reforms are not ratified by year-end, we will call on the IMF to build on its existing work and develop options for next steps and we will work with the International Monetary and Financial Committee to schedule a discussion of the options." The IMFC is the IMF's top decision-making body.
The reforms have been blocked by the US, which has veto power over IMF decisions, due to party political squabbling.
IMF's Managing Director Christine Lagarde says the IMF is not giving up on pushing the quota reform, as it matters for the credibility of the institution.
"I very strongly hope that the resolve of the institution, the pressure brought to bear by the members of this institution on all those who have not yet ratified will deliver fruit in the not too distant future," she says.
The reform package includes a doubling of IMF quotas and a shift in quotas to dynamic emerging markets and under- represented countries, and a proposed amendment to reform the executive board to be more representative and all-elected.
If the reform package is implemented, four large emerging economies, China, India, Russia and Brazil, will all become top 10 shareholders of the Washington- based global lender.
BRICS countries - allies in opposing unipolar world
Cooperation within the BRICS group (Brazil, Russia, India, China and South Africa) is now the overriding central geopolitical format for Russia, the Chair of the Russian National Committee for BRICS Studies, State Duma deputy Vyacheslav Nikonov, says.
He has recently come back from Rio de Janeiro where he led the Russian delegation at the sixth BRICS academic forum.
The politician believes that “amid the present principal disagreements with the US and EU over Ukraine and because of G8 reformatting, Russia will develop increasingly close ties with BRICS members and the Shanghai Cooperation Organization (SCO), as well as the Eurasian Economic Community, with the participation of several former Soviet republics and other interregional organizations”.
The main BRICS summit scheduled for July in Rio de Janeiro will study 20 cooperation formats now being considered in ministries, institutions and think tanks throughout the member countries.
“The recent refusal by major settlement systems Visa and Mastercard to service cards for several Russian banks, puts Russia and the other BRICS countries face to face with the need to put into practice the idea of a joint Bank of Development and a Stabilization fund for mutual settlements in national currencies and to establish national settlement systems,” the expert adds.
Nikonov says “the Brazilians are now most concerned about economic growth issues, social policy, environmental issues, and aid to developing countries”.
The summit’s focus will be on information security amid the revelations by former CIA contractor Edward Snowden “that brought to light a bugging of Brazilian President Dilma Rousseff’s phones”.
“BRICS is not a binding structure, it doesn't encroach upon anyone’s sovereignty. It's nothing like the EU, whose headquarters in Brussels take away the most part of member countries’ sovereignty.
"BRICS is not planning any supranational bodies to which imperative rights would be delegated. BRICS is the 21st century cooperation format and by no means a hierarchical organization,” the analyst believes.
“There is no place for a single centre of influence in the modern world. The idea of a multipolar world was actively promoted in geopolitical polemics in the 90s, when the world had just dropped the bipolar system & some hotheads declared it was time to have the only centre to decide in international affairs as the USA,” Nikonov says.
“BRICS countries have a number of trump cards up their sleeve,” the expert adds. “Brazil is the largest Latin American state with a highly developed industry and agriculture.
"Russia is the world’s major supplier of hydrocarbons. China demonstrates brisk economic growth. India, huge intellectual resources. Furthermore, over 2.5 billion people live in China and India - almost a quarter of the global population."
"South Africa is the most mature country on the African continent, with enormous natural resources and a developed agricultural sector, whose produce suffices not only for the nation itself, but also makes the country one of the leading agricultural suppliers,” Nikonov says, about BRICS’ economic potential.
“Therefore, it is BRICS that is capable of offering the world a historical alternative and undertaking the building of a foundation for a new world order,” believes the politician.
“BRICS’ key task now, is to assist a transition from US hegemony to a polycentric world order, where interference in countries’ internal affairs for the overthrow of unwanted regimes, is unacceptable."
EU/US SANCTIONS SPUR RUSSIA/CHINA GROWTH
Russia’s biggest billionaire has bought shares in big Chinese internet retailer Alibaba, after selling his stakes in US tech giants Apple and Facebook. The deal comes as the US and EU impose sanctions on Russia, that could turn from politics to business.
Usmanov, 60, a founder of Russia’s iron ore Metalloinvest holding company, has a fortune of $18.6 billion as of March 2014 and is betting more on China, while selling US assets.
“Chinese companies account for 70 - 80% of our foreign internet investments portfolio,” Ivan Streshinskiy, head of Usmanov’s asset- management company USM Advisors LLC, tells Bloomberg in an interview in Moscow.
In recent months Usmanov has sold the stake in Apple he bought for about $100 million last year, Streshinskiy says. Before the Apple sale, Usmanov started a slow sale of the 10% stake in Facebook he bought in 2009, when the company was valued between $6 billion and $10 billion.
Usmanov sold some shares in the Facebook IPO, that valued the company at $104 billion.
Alibaba, the world’s 2nd biggest internet company - after Google Inc. - is valued at about $200 billion. The Chinese on-line retailer posted surging sales in the three months through to September, and marked a fourth straight quarterly profit.
As Russia’s relations with the west sour over the Crimea referendum and the crisis in Ukraine, Usmanov says his Metalloinvest holding will increase its presence in the Chinese market, in case Europe imposes sanctions on its exports.
“We are concerned with the possible sanctions against Russia, but do not see any dramatic repercussions on our business,” the tycoon says.
“China is unlikely to impose any sanctions. So we will be trading in rubles, yuan, and Hong Kong or Singapore dollars.”
China is one of Russia’s biggest trading partners, with bilateral trade estimated at a record $87.5 billion in 2012.
Direct investment by Chinese companies into Russia is also increasing. Between 2004 and 2012, it grew by 40 times, to reach S4.9 billion says Tang Hua, an official with China's National Development and Reform Commission.
In a leaked memo to clients, financial expert David John Marotta calculates the actual number of Americans out of work to be an astronomic 37.2%, as opposed to the 6.7% claimed by the Federal Reserve.
“The unemployment rate only describes people who are currently working or looking for work,” he says.
“Unemployment in its truest definition, meaning the portion of people who do not have any job, is 37.2 percent.
This number obviously includes some people who are not or never plan to seek employment. But it does describe how many people are not able to, do not want to or cannot find a way to work,” he and colleague Megan Russell reveal in their client report, leaked to the Washington Examiner.
Contrary to expectations, a drop in the unemployment rate, Marotta argues, is presently a sign that the unemployed are simply dropping out of the job market.
“Officially-reported unemployment numbers decrease as time passes, as the unemployed become discouraged enough to stop looking for work,” say Marotta and Russel. “A decrease is not necessarily beneficial; an increase is clearly detrimental.”
They also criticise the so-called Misery Index, based on official unemployment and inflation.
The Wall Street advisers say the Index is 14 plus and not the 8 advertised by Washington, as it completely ignores that the US economy is being hugely subsidized by Q.I. schemes, including monthly bond purchases by the Federal Reserve.
“Today, the Misery Index would be 7.54, using official numbers,” the analysts write. But, if the true unemployment picture, including workers who've given up the job search, is placed with the historical method of calculating inflation, ‘the current misery index is closer to 14.7.”
Youth Unemployment Marks Opening of World Economic Forum
Persistent labour difficulties in the world, especially high youth unemployment levels, started the discussions on the first day of the World Economic Forum, held in Davos.
According to experts and executives attending the meeting, high youth unemployment is the main obstacle to economic recovery in Europe.
That situation is one of the main problems in the continent where an entire generation with neither present nor future, will be wasted.
In addition to that is what experts describe as a rampant aging population, high energy costs and high debt levels.
Axel Weber, president of Germany's Central Bank (Bundesbank), says that optimism about Europe's recovery is not entirely justified, as a 1% average growth rate isn't enough to create jobs and attract investment.
Financial markets have improved, but not the real economy, he says.
Data from the International Labour Organization shows that the youth sector is still one of the most affected, with over 74 million men and women under 24 unemployed.
The 44th World Economic Forum, gathers economic, political and global top figures and is attended by 2,500 top people, including heads of state and Government.
Specialists draw attention to many criticisms of the meeting including "the lack of humility and unselfishness of the richest" who talk annually but do not generate concrete actions in a world of growing inequalities.
WISDOM OF THE EAST
Nearly 1,500 political leaders, entrepreneurs and academics will analyze new growth paths in Asia during the annual conference of the Boao Forum, its Secretary General Zhou Wenzhong announces.
The annual conferences of the forum, which began in 2002, are the perfect moment for Asians and other emerging economies to hold talks, assess the state of the global economy and promote development and cooperation between the two parties.
The forum, held in the province-island of Hainan, has the motto: "Asia's New Future: Identifying New Growth Drivers", and it started on April the 10th.
Referring to the sustainable development category, Zhou underlines some issues such as climate change, society, the development of people, cyber security, the power of eastern wisdom, and business ethics in the pharmaceutical industry, which will be debated.
Nearly 500 journalists are attending the forum, as well as 1,500 guests.
Standard & Poor’s (S&P) ratings agency has downgraded the Netherlands’ credit rating from AAA to AA+, citing growing concerns over its "performance".
The Netherlands has been following "austerity" cuts for several years, and now has inflated house prices, mass unemployment, rising inequality and an ever-increasing national debt.
The Netherlands is the latest eurozone country to be downgraded, leaving only Germany, Luxembourg and Finland with AAA+ from all 3 main credit agencies; that is, S&P, Fitch and, Moody’s.
CHINA TO AVOID FED's "TAPERING"
China’s central bank says that it no longer sees any benefit at all in increasing its $3.66 trillion foreign currency reserves, the world's largest.
China will cap its purchases of US dollars, in an effort to limit the depreciation of the yuan.
“It’s no longer in China’s favour to accumulate foreign-exchange reserves,” Bloomberg quotes Yi Gang, a deputy governor at the central bank.
Decreasing the influence of the dollar and other currencies is a step closer to reaching China’s 2015 goal to “float” its currency and, says the People’s Bank of China, it will help the everyday Chinese citizen.
Between July and September 2013, China increased its foreign currency holdings by $166 billion, making it the world’s highest, at $3.66 trillion. This is more than the GDP of Germany – Europe’s biggest economy, Bloomberg reports.
This cap will “basically” end the interference of foreign currency in the Chinese market, and widen the yuan’s daily trading range.
The move also provides a buffer to China from future US Federal Reserve stimulus "tapering", which is a sneaky way of exporting US deficit problems, and has already had severe ripple effects on emerging market currencies in Brazil and India.
US's "INVISIBLE" EARNER ON THE LINE
The TRIPS agreement, which the US presented as a "free trade" agreement, is currently facing an update; TPP, the "Trans-Pacific Partnership."
Trade Related Aspects of Intellectual Property Rights (TRIPS), lies at the heart of the World Trade Organization. Its champion was then-CEO of Pfizer, Edmund Pratt.
Mr Pratt wants to prohibit people in the third world from using their own raw materials & pharmaceutical knowledge in their own laboratories and plants, to cure and treat their own people's diseases.
He wants to force them to buy from Pfizer or die trying. Millions have died as a result of the success of the TRIPS "free trade" agreement and the WTO.
It concerns the monopolies and exclusive rights we know as copyrights, patents, trademarks, and so on.
As people in the US started shunning Detroit's cars in favor of Toyota, policymakers in the US realized that the country's age of industrial competitiveness had effectively come to an end.
They sought new ways to enrich the US by redefining "value,” "industry,” and "production" with contracts that made sure the US kept being paid by the world.
As TRIPS was negotiated, every interest in the US - Hollywood, the record industry, cars - all benefited.
This new Wiki-leaked agreement also has little to do with free trade, but with the upholding of exclusive rights and monopolies.
Building on the previous TRIPS agreement, TPP, the "Trans-Pacific Partnership," strengthens it, despite the rest of the world's aspirations, seen in this introductory paragraph...
"The objectives of this chapter are... to maintain a balance between the rights of intellectual property holders and the legitimate interests of users and the community in subject matter protected by intellectual property; to protect the ability of Parties to identify, promote access to and preserve the public domain; ensure that measures and procedures to enforce intellectual property rights do not themselves become barriers to legitimate trade."
The US position opposes all of this. There "shall only be" exclusive rights, typically held by the US.
The US even seeks to give Hollywood the right to shut people off from the internet without due process; yet this outrage is obscured in legal terms such as "injunctive relief" or "liability conditions".
Copyright & patent monopolies, by definition, are the opposite of free trade and the rights now being proposed by the US are monopoly rights which will prevent free trade.
This is similar to the land rights and trading monopolies forced by the British Empire, on its unwilling subjects. And just as disgusting.
The Maltese House of Representatives announces now, that it will grant citizenship to people born outside the European Union -- for 650,000 euros.
Labour Party PM Joseph Muscat, states that this will generate cash and attract important investment to the Mediterranean island.
Muscat asserts that the plan will generate around 30 million euros in the first year, with an initial naturalization of 45 people, who will be able to work and obtain residence in any of the EU's 28 member countries.
The above figure will increase to 200 or more individuals annually, say Henley and Partners group, which will administer the project.
About 50 residents organized a demonstration outside government headquarters, while the vote for the measure was taking place.
Nationalist leader Simon Busuttil criticizes the decision to sell national citizenship, saying he fears that Malta will become a 'tax haven'.
BANKRUPT US & EU RUSH INTO TRADE DEAL
The "biggest free market in the world" attracts EU and US officials, despite the spy row... just as the two face a massive bad debt implosion.
Slovenian PM Alenka Bratusek's government is now to face a vote of confidence, as it struggles to avoid being the next eurozone state to take an international "bailout".
Slovenia, an economic star among EU newcomers when it joined in 2004 and adopted the euro as its currency in 2007, was badly hit by the global crisis and fell back into recession in the third quarter of 2012, amid lower export demand and budget cuts.
The coalition government is struggling to tackle 7.9 billion euros of "bad loans" at mainly state -owned banks.
Avoiding an international bailout will mean raising taxes - particularly on real estate - spending cuts and privatization, says the centre-left government.
The EU warns that eleven other EU countries, including the United Kingdom, France, Italy, the Netherlands, Belgium, Sweden, Denmark, Finland, Hungary, Bulgaria, and Malta, are all "experiencing macroeconomic imbalances."
The Congressional Budget Office (CBO), a non- partisan federal data providing agency, forecasts that US debt will grow to levels not seen since World War II, when the US took on the massive cost of arming and sending 16 million service members to fight in Europe and the Pacific.
AFRICA CAUGHT BY UK BANKING CON
The UK is “by far the most important” player in the global financial secrecy market. Its web of jurisdictions around the world makes the UK the top router of global financial secrets.
John Christensen, director of Tax Justice Network states: “Our index reveals that Britain plays a key role in the global market for financial secrecy.”
This, despite David Cameron’s recent G20 drive to crack down on tax avoidance and to promote tax transparency.
“The City of London uses a web of satellite secrecy jurisdictions based on UK crown dependencies and overseas territories, to channel huge illicit flows, which are feeding London’s mad property boom,” Christensen says.
The findings by the non-aligned network of researchers and activists, were presented to Queen Elizabeth II, before release.
“Britain, taken together with its Overseas Territories and Crown Dependencies, is by far the most important part of the global offshore system of tax havens or secrecy jurisdictions,”the letter read.
The note to the Queen also mentioned that PM David Cameron, is doing little to deliver on his pledge to provide more transparency.
“Our findings show that these jurisdictions still fall woefully short of acceptable standards of transparency, having made only modest reforms since 2009, when the G20 led by your government committed itself ‘to take action against non-cooperative jurisdictions, including tax havens,’” the message to the Queen read.
“The crown dependencies and overseas territories have long been considered among the worst offenders of world tax havens", Salman Shaheen, editor for International Tax Review magazine tells RT.
“What is surprising is that the UK government is not doing very much about it. I mean, it has introduced certain legislation to clean up its own companies onshore, but it really needs to get its work on tax havens offshore in order.”
Of the 82 global financial jurisdictions ranked, 10 are directly connected to UK, whose head of state is the British queen. They include the Cayman Islands, Bermuda and the British Virgin Islands.
According to the financial secrecy watchdog, up to US$32 trillion is sitting in offshore zones where it is either untaxed or slightly taxed.
“Rolling back the secrecy that shrouds up to $32 trillion in offshore financial assets remains one of the great challenges of the 21st century,” Christensen says in a statement .
The report believes that offshore zones have cost African countries over $1 trillion since the 1970s, of which, $640 billion came from 16 Commonwealth countries.
“These losses dwarf the external debts of $190 billion for the 33 countries, meaning that Africa is a major net creditor to the world, contrary to what is widely believed,” the letter said.
“The European Union’s decision to curb one important aspect of banking secrecy from 2015 – masks waning momentum for the other urgent changes elsewhere,” Markus Meinzer, lead researcher for the Financial Secrecy Index says.
The three highest ranking countries are Switzerland, Luxembourg and Hong Kong.
Switzerland, the “grandfather of the world’s tax havens”, accounts for less than 5% of the world's offshore financial services.
Yet last year the country managed one quarter of the world’s total assets (approx $2.8 trillion), according to the Swiss Bankers’ Association.
“Switzerland has also been playing the spoiler, striving to block or derail emerging international transparency initiatives,” the watchdog says.
Luxemburg was placed second on the index.
“Outside what might traditionally be regarded as the financial sector, it also runs a lucrative line in hosting holding companies of transnational corporations, principally to help them avoid (and evade) tax.
It's also strenuously seeking to build an industry based on Islamic finance, and in October 2012 achieved a boost when a group of major Chinese banks said they were leaving the (very lightly regulated) London markets in favor of the even less regulated Luxembourg one.
Hong Kong, though, is the “fastest growing secrecy jurisdiction, or tax haven, today.”
“Without public disclosure of the owners of these assets, and the automatic exchange of information between jurisdictions to provide information the law enforcement & tax authorities need, it will be impossible to tackle some of the world’s most pressing problems.”
DEFEND THE CO-OP --- IF YOU CAN !!!
May 9th 2013, was the day credit ratings agency Moody’s downgraded the Co operative bank - the supposedly ‘ethical bank’ - debt rating to “junk”.
It said it was vulnerable to potential losses and warned that it might need “external support” if it could not strengthen its balance sheet.
The bank said at the time it was “disappointed” by Moody’s decision, which preceded the resignation of chief executive Barry Tootell and the collapse of a bid to buy 631 Lloyds Banking Group branches.
Now US hedge funds - sometimes described as “vulture funds” - Silver Point Capital and Aurelius Capital Management, have significant stakes in the bank — presumably intending to do to the Co operative Bank what they usually do with the distressed assets of developing economies.
Moody’s, ever helpful in these matters, now says that the Co-operative Bank will be forced to “take the axe” to costs, although the issues it faces are similar to those faced by most of the banking sector.
Some banks have had to be nationalised, all have had to be recapitalised. So the environment for banking has certainly worsened dramatically.
But the Co-operative Bank was proud that it was different, that the mutual sector had weathered the storm better than joint stock banks. It encouraged people with ethics to “switch their money.”
Now we find a crisis of governance at the group. A review is being carried out by Sir Christopher Kelly, chair of the King’s Fund and former chair of the committee for standards in public life.
His job is to “look at the management structure and culture in which those decisions were taken; lines of accountability which governed those decisions; and the processes which led to them” and “to identify lessons which can be learnt to strengthen the Co-operative Bank and the wider Co-operative Group & the co-operative business model generally.”
That report will be available at the group AGM in May.
There are nonetheless, a few things that are obvious, says Nick Matthews, vice-chair of Co-operatives UK:
First, "we should have no confidence in the advice from group chair Len Wardle or ex-CEO Peter Marks about what to do next. We should have stopped listening to them a long time ago," he stresses, adding that "it is inconceivable to me that Wardle could contemplate retaining his chairmanship until May — he should have already gone."
Secondly, he says that "a co-operative bank with a minority member’s stake may be “ethical” in intent, but it is evidently not.. a co-operative, and if it persists in using the name it should be asked to desist — just as the brand Co-operative Travel, which the group sold to Thomas Cook, has to disappear, after a certain period."
He adds that the current CEO of the group, Euan Sutherland, "has handled the situation well, despite the dreadful hand he has been dealt," and ends by hoping that "this amputation of the Co-op’s crippled banking arm stops the bleeding and protects the body of the Co-operative Group from any further liabilities."
US SHUT DOWN HELPS MOVE FROM US
After recent shutdowns of the US government, Ecuador has devised a contingency plan and now seeks alternative financing sources to tackle possible future "economic crises".
We also work with the European Investment Bank, China's Exim Bank and the Abu Dhab Development Fund, confirms Minister of Finance, Fausto Herrera, as quoted by El Telegrafo newspaper.
Up to now, Ecuador's traditional financing sources have been the Andean Development Corporation, the Inter-American Development Bank, and the World Bank, the newspaper reports.
According to Herrera, during the 16 days of the US government shutdown over the debt ceiling, Ecuador had to use some liquidity provisions and speed up spending on projects already budgeted.
The US is Ecuador's main trade partner, so if the US economy is affected, there could be a direct impact on our income abroad, warns economist Fidel Marquez.
LONDON BOOMS AS WALES ROTS
China and the UK have agreed to continue building London into a major offshore market for yuan trading.
Both sides welcome the strong growth of London's RMB markets, making London the most active RMB centre in the world outside China, according to the joint statement after the fifth China-UK Economic and Financial Dialogue held in Beijing.
"China recognizes London's major role in increasing the international use of the RMB, and both sides agree to continued collaborating to support London's offshore market," the statement says.
To boost London's market status, China will give investors based in the city the right to buy 80 billion yuan worth of stocks, bonds and money market instruments issued by financial institutions in China.
China allows foreign institutional buyers to trade yuan-denominated financial products through a regime called RQFII, or Renminbi Qualified Foreign Institutional Investor.
To encourage foreign investors to hold the yuan, the RQFII now has a global quota of 350 billion yuan.
The extension of RQFII will deepen China's financial markets and strengthen RMB activity in the offshore market, the statement says.
"China has agreed to further develop capital inflow and outflow channels for the RMB, including for RMB trapped onshore, overseas direct investment and the development of Qualified Domestic Institutional Investor (QDII) quotas to support liquidity in the offshore market," it says.
Both sides agree to support further RMB bond issuances in the UK by Chinese as well as international firms, and develop London as an offshore RMB debt issuance centre.
Numerous cities are competing for China's permission to be allocated as centres for clearing yuan trading offshore, to provide these lucrative financial services.
The talks were co-chaired by Chinese Vice Premier Ma Kai and the UK's Chancellor of the Exchequer, George Osborne.
Where is the economic investment in Wales? In a "dole queue" for unsustainable "grants"!
Iran to exclude dollar, euro from foreign transactions
Iranian Economy Minister Seyed Shamseddin Hosseini announces that Tehran plans to exclude some Western currencies, specifically the US dollar and euro, from its foreign trade transactions, Fars news agency reports.
"According to the decision made by the cabinet workgroup, the dollar and euro will be gradually put aside from Iran's trade with other countries," Hosseini says today.
He states that Iran has already changed its trade partners and redirected its trade away from the UK and Germany, to Middle-Eastern states.
In 2005, President Mahmoud Ahmadinejad was the first to propose a switch in transactions from the dollar to the euro as a counter-measure to the US stance on Iran's civilian nuclear program.
The last two countries to announce a similar decision - Iraq and Libya - were subsequently invaded and torn to pieces by the US and EU.
SPY AGENCIES STEAL WORLD's COMMERCIAL SECRETS
Brazil may reject US fighter jet deal over NSA spying scandal
Brazilian officials have expressed reluctance to purchasing dozens of military planes from the US, after it was revealed that the NSA not only closely monitored Brazilian energy and military affairs, but also mined for commercial secrets.
Latin American countries refused to endorse the recentmove by the IMF to release 1.7 billion euros ($2.29 billion) of rescue loans to Greece.
Paulo Nogueira Batista, who represents Brazil and 10 other Latin American countries on the IMF executive board, reveals that the group refused to vote in favor of the new aid package the IMF executive board recently approved.
The new loan raised to 28.4 billion euros ($37.6 billion) the total amount of funds the IMF has so far committed to Greece.
Why does Brazil’s executive director at the IMF criticize the decision? Because of well-founded fears that Athens may be unable to repay loans, as the imposed "recovery program" fails:
"Recent developments in Greece confirm some of our worst fears. Implementation has been unsatisfactory in almost all areas. Growth and debt sustainability assumptions continue to be over-optimistic."
Analysts say this stance by the Latin American states highlights increasing frustration among emerging nations with current IMF policy towards debt-stricken European nations, as Europe and the US together, still hold the majority of voting power at the IMF.
An IMF report published recently says Greece will not be able to repay the Fund if its eurozone partners stop their support.
For Athens to receive more "debt relief" from the eurozone, it "must" make even more austerity cuts demanded by its creditors.
According to forecasts published by the EU, Athens "must" cut four billion euros more to meet its 2016 fiscal targets.
However, the IMF report says there is “no evidence” that Greece can reach its target.
“Achieving the significant fiscal adjustment still ahead - in a socially acceptable manner - is unlikely to be possible without much deeper public sector reforms,” it notes.
Greece has cut its spending for the past 4 years, and this has already led to a huge 27% official unemployment rate.
Despite tough "reforms" and using up nearly 90% of its 240-billion-euro bailout since 2010, Greece is further in debt, and is now "excluded" from bond markets.
French giant carmaker Renault says its profits have plunged, after US-engineered sanctions against Tehran led to a halt in its activities in Iran.
The auto group says that has resulted in a loss of 249 million euros from a profit of 519 million euros last year.
In February 2012, Europe’s second largest automaker, PSA Peugeot Citroën, also stopped its trade with Iran after the enforcement of US-led financial sanctions against the Islamic Republic.
Peugeot stopped exporting vehicles to Iran, which accounted for around 13% of the firm’s global deliveries in 2011.
The French company posted a record 6.7 billion dollar loss in 2012. Iran was the carmaker’s second-biggest market in 2011, in terms of trade volume.
The illegal US-engineered sanctions against the Islamic Republic have been imposed based on the unfounded accusation that Iran may be pursuing non-civilian objectives in its nuclear energy program.
Iran rejects the allegations, arguing that, as a committed signatory to the Non-Proliferation Treaty and a member of the International Atomic Energy Agency, it has the right to use nuclear technology for peaceful purposes.
The European commission says European companies will probably stop using the services of US Internet providers due to reports of US spying on the EU.
US providers of cloud services, which allow users to store and access data on remote servers, could suffer major business losses, if their customers fear the privacy of their data is under threat, Neelie Kroes, the commission’s vice-president who speaks on digital affairs, warns now.
"If businesses or governments think they might be spied on, they will have less reason to trust cloud, and it will be cloud providers who ultimately miss out.
"Why would you pay someone else to hold your commercial or other secrets if you suspect or know they're being shared against your wishes?" Kroes says.
On June 29th, Der Spiegel reported that secret documents provided by former NSA contractor Edward Snowden showed that the US had spied on EU offices in Washington, New York, and Brussels.
Members of the European Parliament are asking for “immediate clarification” from the US government and warn of a “potential impact” on US-EU relations.
"It is often US providers that will miss out, because they are often the leaders in cloud services. If European cloud customers cannot trust the US government, then maybe they won't trust US cloud providers either. If I am right, there are multibillion-euro consequences for US companies.
"If I were a US cloud provider, I would be quite frustrated with my government right now," she adds.
WEST's PLOT TO DEVALUE SYRIAN POUND FLOPS
The Syrian government has weathered its worst economic crisis, thanks to the support of friendly countries, Syria's top economist says, but he adds that the economy still falls short of a true recovery, at least in the foreseeable future.
Iran, Russia and other friendly countries, have been supporting the Syrian government politically, militarily and economically, Qadri Jamil, the Syrian deputy prime minister for economic affairs and the minister of domestic trade and consumer protection, tells the Financial Times, noting that all transactions in Syria now use the Iranian rial, or Russian ruble, to get around the western sanctions.
The deputy prime minister says allies are supporting Syria with around 500 million US dollars per month for financial dealings including oil and open insurance lines, which will definitely support the war-torn country in its counter-attack against what he calls a "foreign conspiracy to drown the Syrian pound."
He adds that Syria has an unlimited credit line with Tehran to import oil and food, and that Damascus has replaced using dollars and Euros with Iran and Russia's currencies.
He describes the economic situation as "very complicated and difficult, but it hasn't reached the point of no return."
Syria's oil production dipped from 380,000 barrels a day before the crisis to around 20,000 barrels, after repetitive attacks on oil and gas wells in the country.
His reassurance comes as Syrian people meet the expenses of the upcoming holy month of Ramadan, seeing a further projected fall in the cost of living, due to the Syrian pound's fall in value and the rise in consumer commodity prices.
Since mid June, the pound has sharply depreciated against the dollar and dropped from 170 pounds per dollar to around 205 pounds within two weeks, which inflated the prices of all goods in Syria's markets.
Jamil accuses Saudi Arabia, the United States and the UK, of attempts to undermine the Syrian currency.
"Riyadh, Washington and London manage a conspiracy to undermine the Syrian currency by flooding Lebanon and Jordan with Syrian pounds," he says.
He accuses his government's opponents of launching "a military campaign and a financial war against Syria through Western sanctions - ranging from a ban on Syrian oil to the prohibition of remittances through banks and credit cards."
Ammar Youssef, a local economist says that, without the intervention of the Central Bank of Syria, the pound would have been sold at 2,000 per dollar.
He adds that the pound will recover once the conflict in the country has drawn to an end, and the wheel of the Syrian economy will move again through new investments, which will eventually lead to a return of the dollar to lower than the pre-crisis price.
The Prime Minister, Wael al-Halqi, says the economy is balanced and adapting itself to the developments and complexities of the crisis, which has entered its third year, through a package of measures which the government is taking in line with present variables.
UK's 'CITY STRATEGY':- GOING DOWN!
The UK was stripped of its top rating by Fitch after a downgrade by Moody’s in February.
Fitch not only cut its growth projection, but also forecast that UK debt will hit 101% of gross domestic product (GDP) in 2015-2016.
“The fiscal space to absorb further adverse economic and financial shocks is no longer consistent with an AAA rating,” Fitch says.
Moody’s has cut the UK’s top AAA ranking to AA1 now because of "rising debt" and slowing "growth".
The downgrade comes as another damaging blow to the UK Chancellor George Osborne, who is already under pressure from the IMF - to reverse his damaging austerity cuts.
The head of the IMF Christine Lagarde urges the Chancellor to ease his so-called deficit reduction strategy - as it is increasing debt, and inhibiting any chance of a recovery.
ARROGANT POWERS TELL LIES
When the emerging economies bailed out a helpless US and EU economic mess, they were promised a better IMF and more say...
Brazil’s Finance Minister Guido Mantega now slams the US and EU for repeatedly delaying all reforms of their domination of shareholding and voting power in the International Monetary Fund.
Mantega accuses the two of stalling reforms, to prevent any rebalancing, which could allow the major emerging economies more say.
"Target dates have been missed, delays and procrastination have become routine," says Mantega.
He says the two approved reforms- rebalancing and capital doubling and a planned, general quota review - have been "held up" since 2011.
The approved 2010 program has not been imposed since it needs the support of the US, and Congress keeps blocking ratification.
The other planned quota review, scheduled for completion in January 2014, has been postponed due to "resistance to change on the part of the overrepresented European countries," he states.
"America is unable and Europe unwilling to follow through with agreed reforms. The institution's major shareholders are gambling, perhaps unwittingly, with the IMF's legitimacy and credibility."
The "postponements" are stopping emerging economic powers like China, Russia, India and Brazil from obtaining a previously agreed bigger role in IMF affairs through increased quotas.
CLOSING DOWN THE TAX HAVENS
As Germany and France move to close down EEC countries hiding behind tax "havens", and unsustainable debt, eg, Cyprus, Luxemburg and Malta start to squirm... and the UK's "City" starts to shiver.
After Cypriots withdrew their cash en masse to avoid losing a percentage of their savings as part of the EEC's "restructure" plan, Cyprus turned to Russia but the talks collapsed.
Will New Zealand end up asking China for similar help?
New Zealand depositors face a Cyprus-style tax on their bank accounts, as the government is planning to impose a similar strategy on its banks. warns the country's Green Party.
New Zealand is facing a similar bank failure to Cyprus, and seems likely to adopt open bank resolution (OBR), which will see small depositors lose part their savings, in favour of a big bank bailout, Green Party co-leader Russel Norman says. The country’s Finance Minister, Bill English, supports the open bank resolution.
"Bill English is proposing a Cyprus-style solution for managing bank failure here in New Zealand," says Norman, adding that the Reserve Bank is in the "final stages" of implementing an OBR system.
New Zealand's bank depositors will have their savings cut by a certain percentage, to keep their bank afloat.
The Green Party however has major doubts, that OBR tactics are appropriate here. Norman underlines that few depositors can reasonably evaluate the reliability of their bank. "Not even sophisticated investors like Merrill Lynch saw the global financial crisis coming."
Norman believes that the OBR policy is too radical, and few OECD countries use it, preferring instead, deposit insurance schemes.
"A deposit insurance scheme is a much simpler, well-tested alternative to open bank resolution. It rewards safe banks with lower premiums and limits the cost to taxpayers of a bank failure… [They] protect people's deposits up to a maximum, ranging from $100,000 to $250,000," he says.
Cyprus announced last week that it plans to impose a 10 per cent tax on bank accounts as part of a 10 billion euro bailout by the European Union. The news caused panic across the island as people rushed to cash machines to withdraw their savings.
SWISS ROLL OVER (sorry!)
Switzerland is to assist international tax authorities in disclosing information on bank accounts held by foreigners who avoid taxation at home.
Joint efforts by the EU, the US and a number of other countries have led to Switzerland introducing new banking laws on February the 1st.
The new regulation now allows foreign tax services to send group requests for bank account information of their citizens. Banks, nominal account holders, agents or trust managers are obliged to provide information.
These requests can take a number of forms. A tax authority can request data on a group of people united by common criteria, though it's still has to be seen how it will work – "fishing" requests will be strictly prohibited.
WEST's BULLYING REBOUNDS
South Korea announces an increase in oil imports from Iran, and accepts a credit line from China to deal in China's currency, shutting out the dollar.
Iran has stopped all oil & gas exports to EU countries in a 'preemptive sanction'.
With new US & EU sanctions on Iran’s oil and gas industries about to take effect, Iran's National Oil Ministry stopped all exports of oil and gas.
While the export of crude oil & liquefied gas is being increased to most other countries... export to the EU's 27 member states is banned.
The Oil Ministry spokesperson says "despite many requests from EU countries to buy oil and gas from Iran, Iran will not sell any oil or gas to those countries."
Iran’s still holds 2nd place in OPEC's list of oil producing countries, and a spokesperson says "The Oil Ministry has planned different scenarios to handle any oil sanctions by Western countries, and will implement them as and when necessary."
GERMANY MOVES ITS GOLD FROM US & FRANCE
Germany’s central bank, the Bundesbank has withdrawn its entire 374-ton store of gold bullion from the Bank of France in Paris, and 300 tons of the 1,500 tons held by the New York Federal Reserve.
The move follows an audit criticizing the Bundesbank for mismanagement, stating that the gold had never been “verified physically.
Germany has the world’s 2nd-largest bullion reserves at 270,000 gold bars ($177.5 billion), second to the US.
From now on, the bank will keep small amounts of gold abroad for trading purposes. About 30% of Germany’s gold reserves are currently held at facilities of the Frankfurt-based Bundesbank.
Bundesbank board member Carl-Ludwig Thiele says gold is an important resource "to create confidence in the currency and in the economic power of our country."
Veteran gold dealer Jim Sinclair:
"This sends a message about storing gold near you and taking delivery no matter who is holding it," Sinclair tells the UK's Telegraph. "When France did this years ago, it sent panic amongst the US's financial leadership. History will look back on this salvo as being the beginning of the end of the US dollar as the reserve currency of choice."
OBAMA OPENS RUSSIA UP
President Obama abolishes the Jackson-Vanik amendment giving Russia “permanent normal trade relations” status.
“The Russian Federation has been found to be in full compliance with the freedom of emigration requirement,” Obama proclaims, adding that the articles of the 1974 law are no longer applicable to Russia.
The US wants its companies to take greater advantage of Russia’s growing market.
The decision allows US business to enjoy the benefits of trade with Russia now it's a member of the World Trade Organization.
Russia will provide more access to its 140 million consumers and US firms can benefit from lower import tariffs, intellectual property protection and greater legal transparency.
US economists estimate that US exports to Russia could now double in five years, to $22 billion.
Eurozone finance ministers have agreed on the formation of a banking union bringing some European banks under its supervision.
"Piece by piece, brick by brick, the banking union will be built on this first fundamental step today," EU Commissioner Michel Barnier says in Brussels.
Under the Single Supervisory Mechanism agreement, banks with over 30 billion euros in assets will be supervisedby the European Central Bank (ECB), from March 2014.
The SSM serves as the first stage of the banking union & the ECB will act as chief supervisor of eurozone banks.
German Finance Minister W Schaeuble: "We have reached the main points to establish a European banking supervisor that should take on its work in 2014."
French Finance Minister P Moscovici says that the talks were "laborious, complicated, but now we have an equilibrium."
The SSM will eventually allow eurozone rescue funds to recapitalize struggling banks, including those in Greece and Spain.
The deal also authorizes the ECB to close down those EU banks that do not abide by the rules.
The agreement is possibly one of the most significant transfers of authority from national governments to regional authorities since the creation of the euro.
Avarice is a vice, the exaction of usury is a misdemeanour, and the love of money is detestable.
- John Maynard Keynes
Poised on the brink of economic meltdown as we are, governments all over the world are baying frantically for growth. But growth isn't the answer to our problems.
Way back in the 1700’s Adam Smith recognized a limit to economic growth. He predicted that in the long run, population growth would push wages down, and natural resources would become increasingly scarce.
Consider a steady state economy - an economy of stable or mildly fluctuating size, minimal chance of the boom and bust cycle, less opportunity for outright greed. The term can apply equally to a national economy, a local, regional, or global economy. To be sustainable, a steady state economy must not exceed ecological limits, and that is it’s most important attribute.
Our recent and unprecedented growth in economic activity has significantly shifted the balance of nature with potentially disastrous consequences for the ecology of the planet, for our own well-being - but particularly for that of the next generation.
It is a mistake to believe that more growth will diminish our problems. In the long term more growth would be a disaster, as continuous growth is completely incompatible with sustainability.
A steady state economy does not imply a stationary state of human improvement. There would be as much scope as ever for all kinds of mental culture, and moral and social progress; as much room for improving the Art of Living (& a bigger likelihood of it being improved), when minds cease to be engrossed by the shallow art of obtaining more money.
The human economy is embedded in nature, completely. Without the natural world to draw upon, there is nothing to make money from. But we've been perverse. We have exploited nature to its very limits, maybe beyond its ability to absorb our delinquency.
Economic processes are actually biological, physical, and chemical processes. Humans don’t create anything, they transform it into something else – plastics, cars, toxic waste.
Economic growth cannot be relied upon to alleviate poverty either. On the contrary, economic growth has polarized wealth into the hands of the few.
If the pie isn’t getting any bigger, we need to cut and distribute the pieces in a fair way.
Poor people who have trouble meeting basic needs tend not to care about sustainability - how can they when the priority is finding the next meal.
At the other end of the scale, excessively rich people tend to consume unsustainable quantities of resources. Fair distribution of wealth, therefore, is a critical part of sustainability and the steady state economy.
60 years ago, John Maynard Keynes said
“The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems – the problems of life and of human relations, of creation and behaviour and religion.”
Economic collapse is extremely painful. But environmental collapse - the collapse of the planet's support systems which sustain life on earth as we know it - that is truly unbearable.
Governments have their heads stuck in the past. They can only think of recreating what has been – growth. But the future will be different. The future needs the fairness and sustainability only steady state economics can bring.
Karl Marx said that the capitalist class would "dig its own grave", and every move the bankers make to strangle Iran and its friends... appears to be spectacularly backfiring, as Iran responds.
The Governor of the Central Bank of Iran (CBI) Mahmoud Bahmani, says Iran has designed and implemented a new system for conducting international financial transactions now.
Bahmani said that the new system, which has already been activated, will replace Worldwide Interbank Financial Telecommunication(SWIFT).
On March 15th, SWIFT CEO, Lazaro Campos, said in a statement that the society had decided to discontinue offering services to Iranian banks which are subject to financial sanctions imposed by the European Union.
On January 23rd, EU foreign ministers approved new sanctions on Iran's financial and oil sectors, which prevent member countries from importing Iranian crude or dealing with its central bank. SWIFT’s new action is meant to fully enforce EU sanctions, as global financial transactions, the "West" believed, were really not "possible" without using SWIFT.
US ECONOMY TO STOP, EU FACING "SEVERE RECESSION"
The OECD warns now that the European Union may fall into a severe recession.
"Things have begun to deteriorate again (in the eurozone) recently, so we cannot rule out the development of a downside scenario which, if ignited, could lead to serious repercussions worldwide,” OECD’s Chief Economist Pier Carlo Padoan says in his report.
The economist predicts that the eurozone economy could contract by as much as 2% this year.
The report forecasts the eurozone economy will shrink by 0.1 percent this year, and grow a mere 0.9 percent in 2013.
Padoan calls on Europe and its Central Bank to promote growth while reducing deficits in order to prevent a recession.
Europe is expected to fall further behind other countries, particularly the US, whose economy is expected to grow... unless hampered by a "fiscal cliff" - spending cuts plus tax hikes.
Padoan ends with this warning:
“There are other risks to the outlook… early next year, if measures are not taken or withdrawn, the US economy will face a significant fiscal tightening which may be so hard as to disrupt recovery."
CHINA MOVES TO END DOLLAR PRIMACY
China begins extending loans in yuan to BRICS countries as a part of a move from the US dollar.
The Chinese Development Bank is to sign a 'memorandum of understanding' with partners in the BRICS group of developing countries on increasing yuan-denominated loans, while partners increase loans in their national currencies, The Financial Times reports.
The move aims to increase trade between the five nations and diversify from using the US dollar.
China is dropping the dollar in other ways, by quietly selling its US holdings in exchange for Canadian and other country's treasury bills.
EEC PLAYS WITH FIRE - GETS BURNT Iran has refused to deliver a 500,000-barrel shipment of oil to Greece in response to the EU oil sanctions imposed against the country.
On Saturday 25th of February 2012, the German interior minister started publicly urging Greece to exit the eurozone.
AFRICA AIMS FOR ECONOMIC "COMMON MARKET" IN 5 YEARS The African Union projects the establishment of a continental free trade area by 2017, says a closing document at the 18th summit of the A.U.
"The Continental Free Trade Area (CFTA) should be operational by the indicative date of 2017," says the document.
The AU has a three-step plan...
The first step is to finalize the tripartite agreement among East African Community (EAC), the Common Market for Eastern and Southern Africa (COMESA), and the Southern African Development Community (SADC), by 2014.
The second is to urge other trade blocs to follow the experience of the tripartite agreement and reach parallel agreement between 2012 and 2014.
The third step is to consolidate the tripartite and other regional free trade areas into the CFTA initiative between 2015 and 2016.
"Enhanced intra-African trade and deepened market integration can contribute significantly to sustainable economic growth, employment generation, poverty reduction, inflow of foreign direct investment, industrial development and better integration of the continent into the global economy," says the document.
Africa has seven major regional trade blocs, including the Economic Community of West African States (ECOWAS), the Economic Community of Central African States (ECCAS), the Arab Maghreb Union (AMU) and the Community of Sahel- Saharan States (CEN-SAD), besides the above- mentioned tripartite agreement blocs.
JAPAN DROPS DOLLAR IN TRADE WITH CHINA Chinese Prime Minister Wen Jiabao and his Japanese counterpart Yoshihiko Noda have reached an agreement to promote the direct use of their currencies in bilateral trade, limiting the use of the US dollar in Asia.
The announcement was made in a statement by the Japanese government after the Asian leaders met in China's capital Beijing.
Both sides also agreed that Japan will hold the Chinese currency, yuan, in its foreign-exchange reserves, now largely denominated in dollars.
HONG KONG BEATING NEW YORK AND LONDON
The World Economic Forum (WEF) says Hong Kong has become the world's most developed financial market, overtaking the US & UK for the 1st time.
US DOWNGRADING EUROPE THROUGH CREDIT RATINGS
The most indebted country in the world, the US, with control of corrupt credit rating agencies, is saving the US Dollar at the expense of the EU's population, as Standard and Poor reduce Belgium's creditworthiness, in a move which strikes at the heart of European unity...
AS THE FIRST EU BANKS FAIL... The Bank of the South, a financial institution serving various South American countries, is to begin operating in the coming months, after a process of legislative ratification by its member countries... that took several years.
Venezuela, Argentina, Brazil, Bolivia, Ecuador, Paraguay and Uruguay, all signed the bank´s founding agreement in 2009. Its launch required a simple majority of the signatory countries whose capital is more than 66.3 percent of the total agreed-upon amount.
The legislatures of Argentina, Brazil, Bolivia, Ecuador, Paraguay and Uruguay have now all finally ratified the agreement.
With start-up capital of $20 billion, the bank is a key part of the Union of South American Nations bloc, UNASUR.
The new institution is designed to defend economic sovereignty, and to end dependence on international agencies, to protect its members from periodic world financial crises, and to promote development with the region's own resources and investment.
Based in Caracas and with offices in La Paz and Buenos Aires, bank member countries will have equal representation on the board of directors, in the decision making process and on approval of funds and projects, unlike other institutions in which the weight of members´ votes, is always determined by their "contributions".
The rule of "one country, one vote" demonstrates a strong commitment to integration, based on solidarity & equality, say observers & experts.
The Bank of the South aims to be a pillar of the region's financial architecture, much like the regional currency developed by the Bolivarian Alliance for the Peoples of Our America (ALBA).
In 2009, the countries of ALBA (Bolivia, Cuba, Ecuador, Nicaragua and Venezuela) signed an agreement for the creation of the SUCRE; (Unified System for Regional Compensation), which is laying the basis for a single currency; a further expression of the regional search for new cooperative mechanisms - beyond the market.
That's the spirit - don't fight and hate your enemies - build NEW good structures instead !
WHAT GOES AROUND...
Chinese Deputy PM Wang Qishan, announces that Beijing is to provide 1 billion US dollars in loans - on preferential terms - to the member countries of CARICOM.
Full members of CARICOM are Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname, Montserrat and Trinidad and Tobago.
IRELAND FOLLOWS AMERICAN DREAM TO SLAVERY
The poor Irish took the ex-Disney executive George Mitchel's advice, and are paying...
Moody's Investors Service downgraded Ireland's foreign & local currency government bond ratings from Baa3 to the junk status of Ba1, saying that the country may need more bailouts from "international organizations".
The rating agency says that Ireland is likely to need further rounds of financing, before it can return to the private market, as the current EU and IMF program stops at the end of 2013.
Moody's acknowledges that Ireland has shown a strong commitment to fiscal consolidation and has delivered on its program objectives, but stresses that "implementation risks" remain significant, particularly in the light of "continued weaknesses" in the Irish economy.
European "debt problems", caused by US policy, are now spreading to most euro-zone countries.
Italian government bonds' yields are surging, as investors drop them as the risk of a default rises. Spanish government bond yields are also seeing a sharp rise. The US is, apparently, saving the dollar's pre-eminence, by strangling Europe.
RUSSIA CONTINUES TO DROP US HOLDINGS Russia's financial reserves - $528 billion - are the world's 3rd largest, after China & Japan's, and Russian holdings of US Treasury securities fell to $125.4 billion in April 2011 - from $176.3 billion in October 2010 - new US Treasury Department data shows.
Arkady Dvorkovich, chief economic aide to the Russian president, says: "The share of our portfolio in US instruments has gone down and will probably go down further."
UNITED NATIONS SAYS DOLLAR COLLAPSING
The UN warns the world of a possible crisis of confidence in, and even a "collapse" of, the US dollar, if its value against other currencies continues to decline.
In its mid-year review of the world economy, the UN economic division says the falling value of foreign dollar holdings, is endangering the present global financial system.
On April 18th, 'Standard & Poor's' changed its outlook on US government debt from "stable" to "negative", and warned that the US could soon lose its prized AAA rating.
At one time, it would have been unthinkable for Standard & Poor's to do such a thing.
But today it is amazing that it has taken them so long to do it, as US government finances are falling apart - and fast.
When the credit rating of US government debt declines, US interest rates will shoot up.
John Williams of Shadow Government Statistics:
"S&P is noting the US government's long-range fiscal problems. Total federal debt & obligations are about $75 trillion. That's 15 times the gross domestic product (GDP) of the United States.
US government debt and obligations increase at about $5 trillion a year, which is neither sustainable nor containable. If the US was a corporation, it would be bankrupt.
Now they've downgraded the US debt-rating, but the US is still intent on "winning", without realising that giving is better than conning.
MORE US BANKS COLLAPSE AS US CRISIS SOARS
48% of the US public believe the US economy is heading for another great depression, as even the big US banks are dropping US Treasury bills.
Meanwhile, as police forces and teachers are laid off across the US, regulators shut down two more small banks in Georgia and Florida, lifting to 47 the number of US bank failures in the year so far.
The Federal Deposit Insurance Corporation (FDIC) on Friday seized McIntosh State Bank, based in Jackson, Ga., with $339.9 million in assets and $324.4 million in deposits, and First Commercial Bank of Tampa Bay, in Tampa, Fla., with $98.6 million in assets and $92.6 million in deposits.
Hamilton State Bank, based in Hoschton, Ga., agreed to assume the assets and deposits of McIntosh State Bank. Stonegate Bank based in Fort Lauderdale, Fla., is assuming the assets & deposits of First Commercial Bank, Tampa Bay.
US WARS UNSUSTAINABLE
US economic distress and mounting bad loans now force the US to borrow SIX TIMES its GDP, to keep waging its plundering wars on Iraq, Libya, etc.
The US Empire is melting before our eyes.
CHINA SELLS ALMOST ALL ITS US TREASURY BILLS !!!
China has dropped 97% of its US Treasury bills, decreasing its ownership of the short-term US government securities, from $210.4 billion in May 2009, to $5.69 billion in March 2011, the most recent month reported by the US Treasury.
Treasury bills are securities that mature in one year or less, that are sold by the US Treasury Department to fund the nation's debt.
Until October, the Chinese were making up for their decreasing holdings in Treasury bills, by increasing their holdings of longer-term US Treasury securities. Thus - until October - China's hold over US debt continued to increase.
BRICS: IMF CHIEF 'MUSTN'T BE BASED ON NATIONALITY
The selection of the next head of the IMF should meet the changing realities of the global economy and not be on the basis of nationality; especially the tradition that requires a European chief, the fund's five key emerging market economies' executive directors say now.
"The convention that the selection of the managing director is made, in practice, on the basis of nationality, undermines the legitimacy of the fund," say IMF directors for China, Brazil, India, South Africa and Russia, or BRICS states, in a joint statement.
More and more people believe that emerging markets and developing economies should have a bigger say in international institutions.
Recent reports from the World Bank and the IMF show that the world's economic structure has been changing. Emerging markets and developing countries are THE major engine of global growth.
CHINA: DOLLAR RESERVES TO BE CUT BY TWO THIRDS
China should reduce its excessive foreign exchange reserves and further diversify its holdings, Tang Shuangning, chair of the China Everbright Group, says on Saturday.
The amount of foreign exchange reserves should be restricted to 800 billion-1.3 trillion US dollars, Tang tells a forum in Beijing, saying that the current reserve amount is too high.
China's foreign exchange reserves increased by 197.4 billion US dollars in the first 3 months of this year, to 3.04 trillion US dollars by the end of March.
Tang's remarks echoe the stance of Zhou Xiaochuan, governor of China's central bank, who said Monday that China's foreign exchange reserves "exceed our reasonable requirement" and that the Chinese government should upgrade and diversify its foreign exchange, and use the excessive reserves.
Xia Bin, a member of the monetary policy committee of the central bank, says 1 trillion US dollars would be sufficient. He adds that China should invest its foreign exchange reserves more strategically, using them to acquire resources and technology needed for the real economy.
Tang also says China should further diversify its foreign exchange holdings. He suggests five ways to use the reserves, including replenishing state- owned capital equipment in key industrial sectors, purchasing strategic resources, expanding overseas investment, issuing foreign bonds and improving national welfare in areas such as education and health.
However, these strategies treat symptoms but not the root cause, he says, noting that the key is to reform the entire mechanism of how reserves are both generated and managed.
JAPAN INJECTS ECONOMY WITH 5 TRILLION YEN The Bank of Japan (BOJ) has injected 5 trillion yen (USD 61 billion) to calm the country's upset financial markets since the March 11th earthquake.
The injections come after the devastating tremor, Japan's strongest on record, & the tsunami, just a week last Friday, which collapsed its banks.
The move will decrease the value of the yen and increase inflation, financial analysts say.
WTO KICKS US IN GROIN
The World Trade Organization's appeal body has largely reversed a previous panel ruling on China-US trade & supports China in its complaint against US anti-dumping measures imposed in four areas of Chinese exports.
China filed its complaint to the WTO in December 2008, requesting that the Dispute Settlement Body establish a panel to probe a US Commerce Dept decision to impose anti-dumping duties on steel pipes, tubing, sacks and tyres.
An appeal was brought in December after China disagreed with part of the rulings by the panel.
A new report from the appeal body not only supports China's claims in specific cases, but also says the US approach in forming anti- dumping duties, is inconsistent with WTO agreements.
It outlaws the US practice of labeling Chinese state-owned enterprises as "public bodies" and stops the US applying anti-dumping duties to Chinese firms on 'Non-Market Economy' grounds.
The practice of "double remedies," - imposing countervailing duties on the basis of anti- dumping duties - repeatedly applied to China's products, is also ruled as 'inconsistent'.
The appeal body's ruling will have a major influence on China's exports, as SOME trading partners, the US & EU in particular, frequently use anti- dumping & countervailing duties, to block many Chinese products from entering their markets.
The Chinese Ministry of Commerce hails it as a monumental victory in promoting fair trade.
China urges the US to immediately adjust its measures on the four sets of Chinese exports, & demands that the US mend its current practice of unfairly overusing trade measures, & ensure fairer competition for China in US markets.
The US has initiated more than 20 other cases of anti-dumping and countervailing investigation, using virtually the same basis and methodology.
The report is expected to be adopted within 30 days of being issued. Globalisation... don't you just LOVE it !
POOR OLD JAPAN
Standard & Poor have dropped Japan's credit rating as its debt is now 200% of its GDP. Following the US, is certainly NOT paying off for Japan...
TOP TEN WORLD BANKS - US & UK DROP LIKE STONES
The German edition of Handelsblatt, in its list of the top 10 world banks with the largest market capitalization, shows Chinese banks replacing the US's banks, and only one UK bank there at all!
Chinese banks haven't sustained major financial losses, and have kept their reputations - due to rules tightly enforced by government regulation.
In 2007, top of the list was the US's Citigroup. Now it's only seventh, with both first and second places taken by ICBC (Industrial and Commercial Bank of China, 174.59 billion Euros) and China Construction Bank (168.76 billion Euros).
In third place is HSBC (UK) - the sole European bank in the top 10. Its market capitalization is 138.20 billion euros. Experts say that its strong presence in Asian markets has helped the bank to survive the West's financial crisis.
Fourth and fifth are US banks Wells Fargo (123.15 billion) & JP Morgan Chase (122.01 billion euros).
In sixth place is the Bank of China. Its market capitalization is now 106.57 billion euros.
7th is the American Citigroup (104.82 billion euros) while another Chinese Bank, Agricultural Bank of China, is eighth. Its market capitalization is 101.05 billion euros. Ninth is Bank of America (USA) with a capitalization of €99.65 billion. A young Brazilian super bank is tenth... Itau Unibanco was only founded in 2008, but the finance company is already the largest in Latin America. Its market capitalization is €70,56 billion.
US BAILED OUT BANKS STILL HURTLE INTO BANKRUPTCY
Three more US banks (2 in Georgia & 1 in Florida) hit the skids, as news comes in that one hundred US banks which have been rescued by the federal government are facing the prospect of bankruptcy again, a new US study finds.
98 unsteady banks received $4.2 billion from the Treasury Department under the Troubled Asset Relief Program (TARP), a recent analysis of federal data by the Wall Street Journal reveals.
But according to the study, TARP was originally created in the middle of the US financial crisis to help only healthy banks!
Seven of the TARP recipients have already failed, resulting in over $2.7 billion in lost TARP funds. Most of the troubled TARP recipients are small, plagued by unregulated lending programs... from which, they might not recover.
The journal calculations demonstrate that 814 of the US's 7,760 banks and savings institutions are "troubled" at the end of the third quarter; up from 729 at the end of the second quarter.
But figures from the Federal Deposit Insurance Corporation (FDIC) identify 860 US financial institutions as "problematic". The banks are not being publicly identified.
In October, the Government Accountability Office said 78 banks on the FDIC's troubled-bank list were TARP recipients, up from 47 at the end of 2009.
Dozens of TARP banks were "marginal institutions" - financially weaker than other recipients - and should have been scrutinised before receiving taxpayer-funded infusions, the GAO says.
US DEBIT WITH CHINA CAUSED BY US HI-TECH BAN
A new report says that the entire US deficit in trade with China is accounted for by its ban on high technology products to China... irony !
US EXPORTS ITS DEBT TO US ALL !
As Europe struggles to balance its books, the US Treasury Department announces that the country's federal budget deficit climbs for the 26th consecutive month, to $150 billion+.
The $150.39 billion deficit is 25% higher, the department announces.
Analysts' average forecast for the shortfall was $134 billion, & many economists had said that the debit would decline gradually over the coming years, AFP reports.
But the US continues with its worsening economic recession, ignoring the debt crisis, or passing on its cost to the rest of the world.
Experts... that's the good ol' USA !!
RUSSIA AND CHINA DROP US DOLLAR
The US dollar's status as the world's reserve currency could be soon coming to an end.
China and Russia have decided to renounce the US dollar and resort to using their own currencies for all bilateral trade, including oil.
"Regarding trade, we have decided to use our own currencies," China Daily quotes Russian Premier Vladimir Putin as saying, at a joint news conference with his Chinese counterpart, Wen Jiabao, in St. Petersburg.
The two countries have used the dollar and other Western currencies for bilateral trade until now. But the yuan is now trading against the ruble in the Chinese interbank market.
China says it will continue to allow more foreign currencies to trade in their domestic interbank foreign-exchange market over "the coming weeks".
Business Week reports that Moscow & Beijing are calling for the US dollar's role in the world's financial system to be "diluted".
These moves come days after China blasts a US unilateral decision to inject hundreds of billions of US dollars into the US banking system.
China's Vice Finance Minister Zhu Guangyao says Washington is ignoring its responsibility to support the world's emerging economies, which are now the world economy's engine for growth.
"The US has not fully taken into consideration the shock of excessive capital flows to the financial stability of emerging markets."
DO AS WE SAY - NOT AS WE DO - As the EU and others are hypnotised into obeying the US, and compromise their integrity by stopping trade with Iran to the point of breaking the law, they might be interested in the following figures!
According to figures published by the US Census Bureau's foreign trade statistics, the US imported $92.7 million worth of goods from Iran from January to September 2010, compared to 45.1 million during the same period in 2009.
The figures show the US also exported $158.4 million worth of goods to Iran during the first nine months of 2010.
So US trade doubles as EU trade halves. Nice one!
US WAR; AN UNWELCOME REVOLUTION's SOLUTION?
In 1985, the US trade deficit with China was $6 million for the entire year. In 2010, in the month of August alone, the US trade deficit with China was over $28 billion.
In just 25 years, world trade has undergone a complete revolution, leaving the US stunned.
All that stands between the US and default, is time, and the AAA credit rating accorded to the US & UK by bent US agencies... no wonder the Chinese have set up their own credit rating agency (which the US is now refusing to recognise as "valid"... since it exposes their USUK credit ratings as absurdly biased,(& they don't control it!)
Now many Republicans are openly calling for war with Iran... to "rescue" the US economy. This means that the world's people need to be extremely vigilant and that a strong media devoted to peace is essential today. This is why Rhondda Records exists... to represent a point of view Maggie wanted to get rid of... a view that puts people before profits & war.
THE US IS LOST, SAY GERMANS NOW
As the world criticises US fiscal & monetary moves to "print" more dollars, even the German finance minister shoots the US money-pumping plan down.
"Saying now that we once again make an additional 600 billion dollars available will not solve any problem." Schaeuble says, stressing that the now huge economic problems of the United States... "should not be tackled with more debt," and is at odds with the consensus agreed at June's Group of 20 summit, that cutting deficits, rather than adding more, was one of the priorities among all developed countries. The US is now rogue, he says.
Schaeuble says that the Fed's capital-injection push will "create extra problems for the world" and lead to "long-term damage".
One outcome of the Fed's new plan will be the fast appreciation of the euro against dollar, causing Europe to take the burden of US debt.
THE US MONEY TRICK
The drummed-up currency war, in which China is the main target, is all about the US once again promoting the redistribution of global wealth ... to its own advantage.
Inflation, for the US, will disolve its debts. So it has started a world fiscal war, and that lies behind its urging China to "revalue".
China and other emerging economies, however, will be the victims of this well-designed US "zero-sum" game. Their economic recovery may be keeping the world's economy afloat, as the West's bankruptcy is revealed, but it has also led to international floating capital flooding into emerging economies on a very much larger scale, and at a faster speed, than it did before the world's financial crisis.
From April 2009 to the end of June 2010, the amount of hot international financial capital that flowed into the top 20 emerging economies was $575 billion;- over half, to emerging Asia.
This large-scale inflow of capital is pressuring the recipients to appreciate their currencies and is also the main reason for their inflation.
Nearly two-thirds of the 20 emerging economies now suffer a negative interest rate, and are under huge pressure to raise prices. Merrill Lynch estimates that China has 3.2% inflation, India 7.9%, Russia 6.1% and Brazil 5.%.
A higher yuan will especially help US exports, push forward its economic restructuring and help its economy recover faster... while leaving its domestic demand slack. In addition, as China is the largest holder of US national debt, a large appreciation of the Chinese currency will cause most dollar-denominated US debts to evaporate.
For 50 years, the Dollar Standard System has helped the US dump its huge debts on the world, and increased US national wealth, by monetizing US national debt through devaluing the dollar.
Today only 48% of current international trade... but 83.6% of international financial transactions are priced by the dollar. 61.3% of the world's foreign reserves are also dollar-denominated.
As the issuer of the world's leading currency, the US is able to reduce its national debt by issuing dollars, that is, through devaluation. Between 2002-2006, around $3.58 trillion-worth of US debts disappeared in this way.
China and other holders of US national debt are now being forced into a financial war, as the US tries again to depreciate the dollar.
To prevent the dollar from devaluing, many US creditors, especially emerging economies, have to continue purchasing the dollar, putting all their assets at risk of further depreciation.
Ignoring the rise of their currencies against the dollar will cause their exports to suffer heavily and attract more international money, pushing up property prices and fueling inflation.
China is trying now to avoid the experience of Japan in the 1980s, when the forced appreciation of the yen in its monetary war with the US dollar plunged Japan's economy into a 10-year recession.
As a fast-growing emerging economy whose currency is on the way to internationalization, China now needs to be especially vigilant as the US twists & turns in the wind, seeking advantage.
US BANKS MELT AS OBAMA RATINGS DROP BY A QUARTER US banks closed at record pace in 2010. According to the FDIC, this year there are over 800 "problem banks" in the country. They hold more than USD 400 billion in assets. Leading US mortgagers are implicated in signing people's property documents too quickly, without the consent of the loan borrowers, to resell them as the US housing market collapsed in 2008.
The allegations are prompting attorneys general from all 50 US states, to conduct a joint investigation into the repossession scandal.
Many US officials are already calling for a nationwide moratorium on foreclosures.
But other "experts" are warning that such a freeze will hurt the US's already bruised real estate and financial sectors, as the country continues to suffer rising unemployment.
The foreclosures crisis has now become systemic and industry-wide across the US.
The Labour Department says that new unemployment claims are also rising & they expect no recovery.
UK COALITION PARALYSIS In the UK, the Labour party is proposing making the banks pay more for capital reconstruction, & a reduction in the severity of cuts on the poor.
BUT to be put into effect, this requires the LIB dems to stand down and face new elections... something that - after Clegg's betrayals - will be potentially a melt-down for Lib Dem MPs...
So not only are the UK's working class incapable of mass direct action, but their political room to manoeuvre is tied up too!
So the UK population is stuffed. Therefore, so is Wales, unless we act to create wealth ourselves.
So here's to a new Wales, with a new economy !
EUROPE's CORRUPT BANKS FORCE BUDGET CUTS Every European government is applying austerity cuts to tackle their budget deficits, and it's all due to a “corrupt banking system” in Europe, an economics expert says.
"European governments all say they have no alternative. That is because they are completely controlled by a corrupt banking system which always wants to lend money at interest if it can," says Rodney Shakespeare, professor of binary economics, London.
Recommending a way out of the present economic mess, Shakespeare says that the people of Europe could “demand that the European Bank provides interest-free loans for public capital projects.”
“The people of Europe must demand that they start to get interest-free loans from their national banks for large public capital spending projects; and, at the same time, that will cap the national debt, because you can use the same mechanism to actually get rid of the national debt," he adds.
Across Europe, working people are struggling to show their frustration and anger, knowing it's the bankers' fault, but unable to see a solution.
(As Wales loses its passport offices to "cuts", without a murmur. Shame!!!)
Professor Shakespeare puts his finger on it:
"Stop Western banks living like bloodsuckers by usury - banned by the early Christian church - which forces our children into debt; for what?" To help bankers in their love of money - so there's your root of evil:-
LET's CUT IT OUT BY STOPPING THE ABILITY OF BANKS TO ISSUE CREDIT... WITH SUCH HIGH INTEREST RATES!
BRAZIL STOCK EXCHANGE: NOW WORLD's 2ND LARGEST.
Brazil's Sao Paulo Stock Exchange (Bovespa) is now the 2nd largest stock exchange in market value in the world, says its president, Edemir Pinto.
Bovespa reaches a market value of 30.4 billion reais (17.7 billion US dollars) by closing time on Thursday, second only to Hong Kong's Exchange.
According to Pinto, Bovespa's value registers 25% more than the total value of the New York, London and Nasdaq stock exchanges added together.
The figures are achieved with huge help from state-controlled oil and gas giant Petrobras, whose latest global share offering increased to 120 billion reais (70 billion US dollars), according to Finance Minister Guido Mantega.
Petrobras offered 2.174 billion new common shares and 1.585 billion preferred shares in the Sao Paulo and New York Stock Exchanges.
Mantega says the offer's result is evidence of the good state of the Brazilian economy:
"It is the largest share sale in the history of capitalism".
US SENATE RISKING TRADE WAR WITH CHINA?
The US government may spark a trade war with China if Congress approves the proposal on China's currency issue, experts say now.
The extreme risk of passing the proposal and its taking effect could lead to China appealing to the World Trade Organization and even lead to the WTO asking China to impose retaliatory tariffs on US exports, suggests Ni Feng, deputy director of the Institute of American Studies affiliated to the Chinese Academy of Social Sciences (CASS).
In a hearing on Capitol Hill on Wednesday, two US Democrat representatives alleged that China has, for years, manipulated its currency to gain a competitive advantage over US manufacturers.
Congress is also telling Treasury Secretary Timothy Geithner to say what steps the Obama administration is taking to pressure China to revalue its currency, known as the yuan.
This move is purely political, says Chen Fengying, director, the Institute of World Economic Studies, which is affiliated with the China Institute of Contemporary International Relations.
"Hope for the best and prepare for the worst," suggests Cao Honghui, a researcher for the Chinese government in CASS.
Cao says China's currency rate is not the root cause of the US trade deficit anyway, and is not the key to solving massive US unemployment.
Many imported products from China don't have direct competitors in the US, so the US importing less of these products from China, means simply buying more from OTHER countries, says Cao.
Take tyres, he suggests, as an example. The US special protectionist tariff levied on China didn't make the US public use fewer tyres, or create more jobs in US industry. Instead, it increased costs for US consumers...
In the first half of the year, US tyre imports rose 21% from the same period last year, while imports jumped 30% year on year. However, US tyre imports from China decreased to 24% during June 2010, compared to 45% in August 2009.
36 US farming and industrial groups are urging Congress not to pass legislation threatening China with duties if Beijing does not revalue.
"We strongly oppose legislation that would allow the use of either the anti-dumping or countervailing duty law to address currency concerns for several years," say the group, which includes the US-China Business Council, the American Soybean Association & the American Meat Institute, in their letter to US lawmakers.
China is not easily replaceable in manufacturing worldwide, so the appreciation of the yuan will harm the interests of US consumers, industries and international enterprises, as well as the developing and underdeveloped countries, says Zuo Xiaolei, Chief economist, China Galaxy Securities.
A trade war kicked off by the US will harm mainly the US, as China is the third largest export target market of the US. As of July 2010, US exports to China grew 36.2%, while imports from China were 15 points less. The US is China's second largest trade partner.
China is also the largest holder of US Treasury debt, adding slightly to its holdings in July, to a total of over 846.7 billion U.S. dollars, according to the US Treasury Department.
A trade war cannot be won by the US... it will only lead to catastrophe for the US' position.
But will these venal cynical politicians listen?
KILLING THE ELDERLY BY CLOSING CARE HOMES
Did you know that each time a local authority
closes a care home for the elderly, within 8
months, around half the residents are dead?
Campaigners liken the cuts and their effect to
euthanasia of the UK's elderly. What to do?
We can start by urging our MPs to sign EDM 2251:
EDM 2251: The contents
This House notes with deep concern the worsening crisis for elderly care as growing numbers of local authority & private care homes face closure
Acknowledges concerns that the loss of elderly people's care homes causes fear, anxiety and, in many cases, a higher mortality rate, when vulnerable, elderly people are forced to leave their homes
Further notes that the Southern Cross crisis will increase the need for local authority care
And therefore calls on the government to hold a public inquiry into the deaths following closures of local authority care homes, and impose a moratorium on the closure of local authority care homes, until that inquiry publishes its results, to ensure that vulnerable, elderly people's lives are not put at further risk.
MAKING THE CONNECTION IN WALES
Households across three more English areas will be able to access superfast broadband in the latest phase of a Government scheme to connect rural homes and businesses.
The £50 million funding package for Devon and Somerset (£30 million), Norfolk (£15 million) and Wiltshire (£4 million) will aid the roll- out of superfast broadband services unable to be reached by the market alone.
Areas will also receive financial support from their local authorities and private investors, the Department for Culture, Media and Sport says.
So it's Broadband Heaven for England...
and crapola for Wales' broadband - the
slowest, worst Broadband in the UK !!!
The Lib Dems in Scotland might have received a pummeling for Clegg and his betrayals, yet in Scotland, their campaign centred on Scotland becoming the "most connected country in Europe", in order to massively boost their economy.
In Wales, which political party is now willing to
put into practice the scientists' recommendation
that Wales' topography requires the establishment
of free 'wireless' broadband?
It could connect the people of the Rhondda and the world, and boost Wales' economic regeneration like no other move.Wireless technology is already supplying free broadband to an entire island off New Zealand.
Come on; if New Zealand can do it - so can we !!!
NURSES TO STRIKE FOR FIRST TIME EVER In July 2013, thousands struck for the first time in history, against this neo-liberal economic madness.
HUNGRY? STARVING? EAT PASTA !
UK job centres have decided to refer benefits claimants to charity-run food banks as the needy are either to face starvation or to feed themselves by begging or stealing.
Analysts assert that this is an unprecedented move to refer hungry people to charities.
But increasing levels of food poverty, are being made worse by soaring food prices & unemployment rates, and leave few alternatives...
Under the plans, the UK government will send those claimants whose benefits are delayed, or whose crisis loan requests have been turned down, to their local food bank. Every claimant can be referred to the food banks no more than three consecutive times. Then - nothing!
Claimants who are referred to the food banks are to receive food that will suffice for 3 days. They will receive basic food like tinned soup, baked beans, and pasta.
The UK people's demand for emergency food has been on the rise all over the country. The number of people fed by the Coventry food bank, increased by almost 700 between April and July.
Moreover, there will be a 40,000 increase in the number of people in need of emergency food this year from 61,000 in 2010. The number is predicted to reach 500,000 by 2015. Meanwhile, statistics have revealed that of the 2.4 million people who have applied for crisis loans, only 1.7 million were awarded the loan, leaving 700,000 without any financial assistance.
The head of UK poverty policy at Oxfam, Helen Longworth says, “It's shocking that more and more people in the UK are being forced to go to food banks to be able to eat ... In this day and age, nobody should be forced to choose between paying a bill or feeding their family.”
UK CENTRAL GOVERNMENT SLASHES SCOTTISH BUDGET
The UK government's austerity measures are being used to hit the Scottish people severely, and the SNP is having to consider public cuts.
As the UK government has planned to cut the Scottish people's budget by £3bn, Scottish Finance Secretary, John Swinney, says that the possibility of job cuts threatens Scots, further raising already high unemployment.
“Scotland has had to deal with deep cuts in public spending, applied by successive UK Governments,” says Swinney.
"Over the next three years, our budget will shrink by £3.3 billion, or 11% below its 2010-11 level in real terms, while our capital budget is being cut even more severely, with a 36% reduction in real terms."
Swinney says that his government's policy is to transfer resources from revenue to capital budgets.
He asserts that the issue of capital expenditure is central to economic growth & economic recovery.
Referring to the budget cuts imposed on the Scottish people by the UK government, he says:
“That is a malicious reduction in capital expenditure and the Scottish government will be doing everything in its power to try to counter that.”
Yet the UK's Chief Secretary to the Treasury, Danny Alexander, has the cheek to criticise the Scottish government for reneging on its pledges to “put more money into transport.”
Still, the Scottish government has announced plans for establishing a single police force, as well as a national fire and rescue service in order to counter the effects of cuts.
Rise up, Scotland !
POLICE STRIKE OVER TORY CUTS
Unison says police forces up and down the UK are making “massive” cutbacks as a result of the 20% budget cuts, and warns that this will cut 16,000 police staff and 1,800 police officers.
“There is no doubt that cuts on this scale will see our streets become less safe. We are calling on the government to think again,” Unison general secretary Dave Prentis says.
“Police staff are dedicated public-service workers - they do not want to go on strike, but they have been left with little choice.”
Unison regional organiser Roger Young urges the force to listen to its staff & talk to Unison through ACAS, the conciliation service.
************************************************* CUTS TO HIT DOMESTIC VIOLENCE VICTIMS
Nicola Harwin, chief executive of Women's Aid, criticizes the new Tory/LibDem cuts to domestic violence services for vulnerable women, and the new means test requirements... designed to make claiming any benefits much harder. "Not only does this mean that fewer abused women and children will be able to access local services, but there are less staff to work with those that do. In some areas there may be no local services at all,” she says.
UK MPs EXPENSES SCANDAL BEING HIDDEN NOW !!!
The UK's parliamentary expenses watchdog says he's not going public with the names of those MPs under investigation, despite saying previously he would.
The scrutineer of the Independent Parliamentary Standards Authority (Ipsa), established to deal with the expenses scandal, now says identifying the suspects is “unfair”, despite his earlier suggesting that MPs under investigation would be named, and all hearings be held in public.
Luke March, who's overseeing the compliance of Ipsa, says now that "details" will only be made public after all the investigations end, because an MP may be suspected, and later, cleared.
Based on the compliance officer's guidelines, “particulars” of any probe into an MP's case will now only be disclosed to the public, if it enters the "substantive investigation" stage: that is, when there is "reason to believe that the MP may have been paid an amount under the scheme that should not have been allowed".
Luke March says that although several substantive cases are being investigated, he is changing the guidelines to keep details of the cases secret.
"The reason why I am not (publishing) now, is that we are doing all this for the first time."
"One of the things that makes me nervous, is the lack of proportionality. Compared to the previous world, some of the things we are looking at, are relatively small. But the system doesn't make any distinction between major problems & trivial mistakes."
March also defends his decision by saying that "many" of the allegations against MPs could have been based on mistakes in entering data by MPs, or by Ipsa, but fails to explain whether recent substantive investigations haven't already taken that aspect into account.
JUSTICE IN UK NOW VISIBLY CORRUPT Lord Justice Leveson, appointed by the UK Prime Minister to judge the phone hacking inquiry, was entertained by Rupert Murdoch's son-in-law, at his in-home parties.
Leveson attended two parties at the London home of Matthew Freud, the PR executive married to the daughter of media mogul Murdoch.
MPs are questioning the shock news of Leveson being linked with Murdoch's family, as well as his social connections with News Corporation.
The Lord Chief Justice, Lord Judge:
“In his capacity as Chairman of the Sentencing Council, and with the knowledge of the Lord Chief Justice, Lord Justice Leveson attended two large evening events at Mr Freud's London home: these were on July 29th, 2010, and January 25th, 2011,” Lord Judge says in a statement.
Leveson's office claims that Prime Minister David Cameron was aware of his attendance, but did not express any opposition.
“Lord Justice Leveson wasn't involved in that meeting and he has neither met nor spoken to anyone from Freud Communications since January 2011.”
“There is, in any event, no continuing relationship. Prior to his appointment to the inquiry, Lord Justice Leveson ensured that these matters were brought to the attention of the Prime Minister,” his office adds.
Meanwhile, Labour MP Chris Bryant is expressing his outrage over the news, saying that it is really very difficult to see Lord Leveson as an independent figure, because “in practice he will have to bend over backwards to have a go at Murdoch, or be accused of giving him an easy time."
“If this had been known from the start, it might have been fine, but with every step, transparency has come by dragging it out of them.”
TORY CUTS TO MEANS TEST EVERYONE ARRESTED
The UK is to lose the “cornerstone” of its justice system under Tory proposals to limit the universal right to a free solicitor upon arrest - based on means-testing detainees.
The Ministry of Justice (sic) is now tabling proposals to force people earning above a certain threshold or those with a certain level of savings, to pay for being granted access to a solicitor in police stations.
Legal experts, including the former Director of Public Prosecutions (DPP) Lord Ken Macdonald QC, raise their fears over the controversial plans:
"There are issues of principle here. When someone is arrested they are in the power of the state, subject to the mercies of the police officers involved,” says Richard Miller, head of legal aid policy at the Law Society.
"The purpose of having a solicitor acting for them is to ensure their rights are respected, that they are not physically abused, that their confessions are not forged and they are not detained for longer than legally allowed.”
Miller warns that the right to a solicitor has been “a cornerstone of our justice system for the last 25 years and the idea that it should be changed is entirely wrong”.
The move is also attacked by Macdonald, who says the right to representation at police stations introduced in the 1984 Police and Criminal Evidence Act, is “there for a good reason”.
"This is a critical part of the apparatus of protection that we have… I think the government should be very cautious about interfering in any way with the absolute right to representation in police stations. It's there for a very good reason. When we didn't have it, we saw the consequences."
The introduction of the right to a solicitor in 1984 was a response to a string of abuses of regulations against unrepresented defendants, back in the 1970's and 1980's.
The government has set out the plans as part of a bid to cut almost £350 million off the legal aid budget, but officials say that the means- testing requirement for a solicitor, is not "currently" being considered.
But a Ministry of Justice spokesperson, however, confirms that "the provision in the bill to permit means-testing, ensures future flexibility over the operation of the legal aid system... should it be needed".
Justice Sec Kenneth Clarke justifies the decision by saying England & Wales (sic) have "the most expensive legal aid system in the world", a claim challenged by Sound off for Justice, which is a campaign run by the Law Society.
Critics of the proposals say the new proposals will be MORE expensive to implement, than keeping the right to universal representation.
"Often it is more expensive to administer means- testing... Who's going to ask you what your earnings are, or how much your mortgage is?
"We are talking about having to ask these questions in stressful situations. The whole thing will be very unwieldy," Macdonald says.
UNISON: "NOT THE MINERS STRIKE - WE'RE GOING TO WIN!" The UK's biggest union, Unison, is threatening this Tory "coalition" government, with the most persistent industrial action in almost a century, to stop wage cuts posing as pension "reforms".
Dave Prentis, general secretary of Unison, which represents 1.4 million public sector workers, says a campaign unseen since 1926, will disrupt public services in different sectors and regions - and on a daily basis.
"It will be the biggest since the general strike. It won't be the miners' strike. We're going to win."
Prentis, who chairs the TUC public sector group, says that the government's decision to freeze public sector pay, has deepened workers' anger.
The Treasury's new pensions reform plan wasn't even mentioned during talks with unions, and this is drawing loud condemnation from other unions, including Unite. Unite's assistant general sec., Gail Cartmail, says the move is “tantamount to bombing the talks”.
Against this government's bad faith, Prentis promises a tough response... if negotiations fail to bear fruit.
"I strongly believe that one day of industrial action won't change anyone's mind in government. We want to move towards a settlement.
The purpose of industrial action isn't industrial action; it's to get an agreement that's acceptable and long-lasting. But we are prepared for rolling action over an indefinite period,” he states.
Under the new government plans, public sector workers will have to pay 3.2 percent in pension contributions, while getting lower payments after retirement, and will have to work six years more to the age of 66, before they reach retirement.
Unions say the pensions policy is an additional tax on public sector workers, while the rise in contributions is a disguised pay cut implemented to cut the deficit, rather than to fund pensions.
The unions say all this, coupled with forced redundancies, pay freezes and controversial plans - including those for the NHS - are a disproportionate burden on public workers.
"You can't just look at what's happening around pensions as a single issue. All our members provide public services. You look at what this coalition has decided to do to reduce the deficit - and it's decided that most of the deficit reduction programme will be at the expense of our public services.
"The people we represent are facing redundancy, a two-year pay freeze, while inflation is 5% and gas prices are going up 20%, and they are desperately worried about privatisation of the services they have committed their working lives to."
Prentis is calling on the Labour party to help his unions push to scrap these pension "reforms".
"We want our Labour party to be the voice of opposition. We're worried that some of the senior people in the party still have to make statements as if they're in power, not opposition."
“If the Labour party STAYS quiet, that will be an issue. This isn't a kneejerk reaction, this will be a long programme of action - and we expect the Labour party to support that."
EXPENSES MPs ARE CRIMINALS
A former Tory peer is in jail after being found guilty of fraudulently claiming £14,000.
Lord Hanningfield, 70, joins four ex-MPs and a fellow member of the Lords already convicted of dishonestly obtaining thousands of pounds from the taxpayer by falsely claiming for allowances.
Is your local MP a crook?
Then YOU are actually colluding in HIS crime, unless YOU press for his arrest and trial. MAKE A 'PHONE CALL TO PUT HIM (or her) AWAY.
MARCH TO SAVE THE NHS
Anti-NHS bill protesters say Tory plans will break up the health service, and hand it over to private healthcare companies. They claim that to save the NHS, we all need to act, since the Tories/Lib Dems are now playing politics with its future.
Massive public objections have already made Cameron and his deputy Nick Clegg, delay the Health & Social Care Bill. The protesters say on their Facebook page that:
“we need to pile on the pressure to make sure the Bill is dropped & to stop our NHS being destroyed.”
Keep Our NHS Public, Unite Health Sector National Committee, Health Workers Network, and NHS Direct Action, are all sponsoring protests.
FIGHTING TO STOP 'DEGRADING' DISABLED CUTS TESTS
The new work capability assessments, campaigners say, is seeing thousands of people, often with serious health conditions, denied all benefits.
Scores of organisations working with disabled and vulnerable people, plus those opposed to the government cuts, support more protests...
Linda Burnip, of Disabled People Against Cuts:
"We're delighted to have so much growing support for our campaign from groups and networks from as far afield as Glasgow, Truro and N Ireland.
"This shows how strongly disabled people feel about these unfair and degrading assessments and how angry they are that these assessments are being forced on them by the Government."
Siobhan Endean, national officer of Unite:
"It is clear that the disabled will be hard hit by these changes. Their lives will become worse as a result. So much for the derided mantra... that we are all in this together.
"The Government plans to make savings at the expense of disabled people. More than 800,000 people will be adversely affected by these proposals which will drive them further into poverty. We would like ministers to radically rethink their proposals and not target some of the most disadvantaged in society."
WE MARCHED AGAINST THE CUTS - NOW WE STRIKE !
PCS general secretary Mark Serwotka:
“We marched for the alternative, now we have to strike for the alternative.”
NUT deputy general secretary, Kevin Courtney: “We're in talks with the government about pensions, but are under no illusions about their plans.”
The unions are organizing demonstrations in every town across the UK and will "support all strikes".
DEMAND JUSTICE FOR PENSIONERS!!!
The National Pensioners Convention (NPC) held its biggest nationwide protest - against government spending cuts - in front of the pension offices.
An estimated 1.5 million protested at the Tory plan to freeze pension credits and make huge cuts in our vital services. The protests were held in London, Southampton, Walsall, Newcastle, Warrington... etc...
The 'coalition' government cut the fuel allowance by £100 per household for the elderly in March, and many councils are yet to cut a lot of their transport subsidies for all pensioners in the UK.
Over 170,000 retired people are to lose almost £45 per week from their housing benefits due to the Tory's plan to cut their allowance by 20%.
Dot Gibson, NPC general secretary, says the abandonment of the pensioners on behalf of the government is "breathtaking."
One in every four pensioners lives below the poverty line in the UK, while millions more struggle to earn a bit more than £178 per week.
"We already have one of the least adequate state pensions in the developed world and since coming to power the government has made the situation even worse by changing indexation from the retail price index to the consumer price index,” she says.
"Our pension system is in a mess and these plans won't do anything to solve that situation. The answer lies in a universal state pension paid to all existing and future pensioners set above the poverty level of £178 a week," she adds.
MONEY FOR WAR AS "A LIFESTYLE" NOT CUT AT ALL The attack, "Odyssey Dawn", against the forces of Muammar Gaddafi in Libya, showed that in the UK and West, budget 'problems', do not affect the launching of military attacks.
While social expenditure is cut, and wages and pensions frozen, citing "unavoidable" financial difficulties, military operations just go ahead with a simple calculation of the costs involved.
The largest debtor on the planet, the US, says the cost of missiles fired in just one day, is "approximately $100 million"; and that the prolonged operation must have cost us all "several billion".
In the UK, living under the shadow of one of the most drastic budget cuts in the EU, it's estimated that each missile costs around $700,000, while one take-off by a Tornado fighter is $40,000.
"It’s an absurdity. There is a kind of taboo when speaking of the cost of a conflict. The priorities of the ruling class in many countries are deplorable," Chris Nineham, spokesperson of the Stop the War Coalition in London, states.
The UK's cuts of $130 billion are a part of the legacy of massive financial deficits that is now leading many EU governments to destroy various pillars of the European inclusive social model, because they are "financially unsustainable".
UK PM David Cameron, who led the operation against Gaddafi on the diplomatic front, still justifies cuts announced last year ($120 billion over the next four years), by saying that "our lifestyle is going to have to change."
"These cuts are presented as inevitable. There is 'no money in the bank'. But it would seem that there IS money... for an intervention in Libya," Chris Nineham notes.
"It’s being said that the state is too big and has to be downsized, but it would seem that the state is big enough to militarily impose its will in the Middle East, and too little to save a public library from cuts."
WHEN WE TALK ABOUT CORRUPTION
The centre for the fight for a better life is, as we Welsh say, a 'Calon Lan' - a pure heart.
That's why Rhondda Records says our main enemy is deep corruption in "high places"... including lawyers.
A UK Crown court judge, Douglas Field, is accused of clearing a paedophile suspect of all charges while “influenced by alcohol”.
The mother of the alleged rape victim has lodged a complaint with the UK's judicial watchdog, complaining that Field only examined one of the charges the defendant faced, and did not allow the jury to announce a verdict on 2 other charges.
Field reportedly got drunk at a leaving party in an "extended lunch break" during the trial, and returned to the court room ordering the jury to acquit the 55-year old man accused of raping an 8-year-old, as they had not reached a consensus over the verdict after five days of hearings.
Field then "forgot" that the man also faced two other charges and did not allow the jury to give their verdict on those alleged crimes.
The victim's mother says in her complaint, that Field acted like “a person influenced by alcohol” upon his return to the court, The Sun reports.
The complaint also says the judge had his “head in hands, resting his elbows on the table” when the hearing resumed after lunch break.
The defendant faced charges of raping a girl aged under 13, along with provoking a child into engaging in sexual activity.
The defendant was formally acquitted of the remaining charges last November after the Crown Prosecution Service ordered a retrial.
The Office for Judicial Complaints says the complaint is "under investigation".
"A complaint has been received about His Honour Judge Field in relation to a trial at Swindon crown court in June 2010. This is being investigated. It would be inappropriate to comment further at this stage," an OJC spokesperson says.
*********************************************** A drunk Captain would lose his ship. A bank robber would be put in prison.
We say corrupt MPs, bankers, and lawyers must bow to Justice in the same way...
CORRUPT EXPENSES MPs "MUST BOW TO LAW"
Another Labour MP, ex-Minister Elliot Morley, pleaded guilty to criminal offences and dishonesty in claiming over expenses.
Morley pleaded guilty to claiming about £30,000 in parliamentary expenses involving a house.
He was accused of making false documents over mortgage costs between 2004 and 2007 and also false claims on paying off a loan on property.
The former minister resigned as an MP at the last election. He 'represented' Scunthorpe from 1987.
Morley is the fourth British lawmaker to face the music over illegal expenses claims. However, there are others, who still hide from Justice.
Do YOU know of a local MP who claimed expenses on a house, who should face Justice?
HALF A MILLION SAY NO TO CUTS BY TORIES
The London protest march was one of the biggest public demonstrations in Britain since 2003, when antiwar rallies were held across the country before the illegal invasion of Iraq.
Organizers say up to 500,000 people attended the march, whose carnival-like atmosphere was briefly marred by black-clad anarchists who smashed a few shop windows, flung paint bombs & attacked luxury icons, such as the Ritz Hotel.
The protesters gathered from all corners of the UK, with a large contingent from the Rhondda & Wales, to express their outrage at the whopping £81 billion pounds in cutbacks that the government insists are necessary to tame a budget deficit.
"It's our right to march, and to say we don't accept any of this," said Corinne Drummond, 37, a nurse from East London who joined several colleagues for the demonstration, which began in the morning... and lasted for many hours.
The protesters included civil servants, Co-op workers from Tonypandy, Treorchy and Ferndale, environmentalists, prison officers, academics, feminists and young parents with toddlers.
"Don't believe in the deficit," some placards called, while other signs and T-shirts demanded a "general strike now", while others exhorted Britons to "make tea, not war."
In Hyde Park, the leader of the opposition Labour Party mocked Cameron's vision of a "Big Society" full of citizen volunteers who plug the holes left by cuts in government spending.
"You wanted to create a Big Society. This is the Big Society, the big society united against what your government is doing to our country," Ed Miliband said, addressing the protesters.
"We stand today not for the minority. We stand today for the mainstream majority of Britain."
The Labour Party, which was kicked out by voters in May after 13 years in power, acknowledges that some cuts are unavoidable, to shrink a deficit built up largely under its watch.
But it says the scale and pace of the austerity plan put forward by the Tory-led government will strangle Britain's fledgling economic recovery, and hurt the most vulnerable parts of society.
Effects of the belt-tightening will begin to be felt more acutely next month, when libraries start closing down, youth programs disappear, social workers are laid off and far fewer buses ply the streets in a 'cut to shreds' UK.
Analysts say the cuts will change the fabric of UK society in a way not seen since Thatcher...
"It's changing the whole ethos of everything," says nurse Rikke Albert, 37, on the march. "That's not what I signed up for when I did my training."
UK POLICE SYMPATHY WITH PROTESTS
In a statement, Warwickshire Police Federation and West Midlands Unison voice their strong opposition to the "coalition government" cuts.
Federation chair Simon Payne refuses to rule out strike action, saying that his organization is "considering all future options to ensure that our members are protected."
"The perfect storm is now taking place within the service," he adds.
Meanwhile, Unison regional organizer Charlie Sarell says that his members in the police sector no longer have confidence in the government.
"The bond of trust between them and those we represent has been broken," he says.
"Warwickshire Police have had a massive cut to its budget which will mean fewer police officers and PCSOs on the streets and huge redundancies among my members,” he states.
"My members will be attending the demonstration in London.. in support of all public services."
Earlier, the chair of the Police Federation Paul McKeever said that the police are growing more opposed, questioning the speed and breadth of the cuts, while at the same time, increasingly feeling sympathy with people from other walks of life.
CONTINENCE CARE 'SHAMEFULLY INADEQUATE'.
A number of British elderly care hospitals are "shamefully inadequate” and need radical changes, Wales' older people's commissioner says.
Some patients at elderly care hospitals are being so humiliated and degraded, that Ruth Marks, the commissioner, is calling for "fundamental change" in discharge times and patient privacy.
A public consultation run by Dame Deirdre Hine, a former chief medical officer for Wales, shows a "lack of timely response to continence needs" in hospitals throughout Wales.
"Too many older people are still not being discharged in an effective and timely manner and this needs urgent attention,” the consultation report states.
The report shows that elderly people now expect less respect, while in hospitals.
“Attitudes and practices that assault the dignity and self esteem of older people at a time when they are most anxious and vulnerable, must be stopped,” Hine says.
The report recommends a caring culture change, which could work by empowering ward managers, and by "prioritising continence care".
Marks says, "Fundamental change is needed to prevent what is sometimes shamefully inadequate care and treatment. Poor practice must never be tolerated. The attitudes, behavior & sensitivity of staff on the wards are crucial.
“We need strong, positive leadership at all levels and a system which builds on dignity and respect as the cornerstone of high quality care.
There are examples of effective leadership and good practice, and it is vital these are built on... and become the norm.”
LIB DEMS 'ConDem-ned'
National sec of 'Right to Work', Chris Bambery:
"..working people cannot, and will not, accept these ConDem attacks on our services, jobs and standards of living."
"If they can topple a dictator in Egypt, we can topple this ConDem government,” he adds.
TAX OFFICE STAFF IN SWANSEA FIGHT CUTS
Swansea tax office staff are protesting against “drastic” frontline services job cuts, by cutting their own work every week, union leaders say.
According to union leaders, Swansea tax office is going to be open for just three days a week.
HM Revenue and Customs (HMRC) say people now contact the tax office online, instead of going to the office. However, it says changes to the tax office regime aren't yet confirmed.
The Public & Commercial Services Union suggests that many people prefer 'face to face' advice.
Steve Donoghue, West Wales PCS spokesperson:
"Enquiry centre users often travel miles to visit the office. We're worried that when they get here ... they'll find it closed.
“We're also concerned that, with opening times cut, customers may have to wait some time for an appointment. Many of these people rely on tax credits or are pensioners, and can't afford to wait or spend more to get here.”
Donoghue says over 300 HMRC positions have been cut in west Wales since 2003, and that staff are now facing very heavy workloads.
HMRC spokesperson: "Fewer customers are using our face to face service at inquiry centres, as our customers increasingly use our telephone and online services. However, we are very much aware that there are customers who need face to face support to pay what they owe, and claim what is due, and we will continue to offer an inquiry centre service to meet that need."
WHITEHALL CUTTING AND CUTTING... so,
Tony Benn: "We're here to build a coalition of resistance to the cuts. The welfare state means pensions and public services, and the National Health service, and these are the very things this government is trying to destroy."
"History shows us that when people are determined to take a stance they DO influence public opinion. Whenever the cuts are discussed in pubs or clubs ... people must know our view."
THERE BUT FOR FORTUNE... WHAT 'REACTION' MEANS:
UK students opposing UK cuts might look to the struggles of those in other US colonies(!)
The University of Puerto Rico’s Río Piedras campus was occupied by police and put under a curfew. The first semester ended with strikes and student demonstrations against increases in tuition fees.
Shock troops are facing the students with brute force.
Without explanation, agents are arresting students and treating them like criminals, when their only crime is defending their right to further education.
The Student Representation Committee (CRE), a coalition resisting the increase in tuition fees to $800 at the University of Puerto Rico (UPR), says that approximately 10,000 students will have to abandon their education.
According to some, the students’ conflict has become a fight over the educational future of Puerto Rico, a US colony.
A number of social organizations condemn the acts of torture and sexual aggression by police and the shock force unit.
"It is unacceptable that an administration which presumes to defend law and order, should allow the torture of young people with arms handcuffed behind their backs, and the humiliation of detaining students in front of everybody, & flaunting their impunity," a release from these organizations states.
They demand an immediate response from Fortuño and José Figueroa Sancha, chief of police, and an investigation... to charge perpetrators.
Ana R. Guadalupe, UPR rector, has banned student demonstrations or gatherings on campus, but the conflict does not appear close to a resolution.
The university authorities pretend dialogue, but really they're trying to wear down, divide and de-legitimize the student mobilizations, and proceed with plans to increase the cost of university tuition - in the face of unanimous opposition from students and professors.
The conflict isn't confined to high tuition fees.
The Fortuño-PNP administration acts are intended to inflict damage on the University by countering its prospects for growth and social inclusion, either through privatization or a dissolution.
The current administration of the US colony, is violently opposed to the spirit of participation, inclusion and social commitment in the country, which is flourishing as genuine autonomy grows.
Sounds like Wales!
TORY SALE OF FORESTS "DEFERRED" - PROTESTS WIN!
The UK government had to defer the controversial plan to sell off 258,000 hectares of England's public woodlands to the private sector.
Their proposals to sell 15% of publicly owned forests, triggered HUGE public protests.
The Sec of State for Environment, Food and Rural Affairs, Caroline Spelman, was forced to say that "until a new review", the forests won't be sold.
“In light of the Government commitment to increase protection for access and public benefit in our woodlands, the criteria for these sales will be reviewed, so that protection is significantly strengthened, following the inadequate measures that were applied to sales under the previous administration,” she says.
What? A LABOUR government privatising? That couldn't happen - could it?
Ministers had expected to provide the Environment Department's budget with £100 million, through selling 15% of all state-owned woodlands.
Labour's shadow environment secretary Mary Creagh:
"This partial U-turn will not be enough to silence the protests. This Government has not scrapped its plans to sell off public woodlands" she adds.
Creagh urges people "to send a very clear message to this Conservative-led Government" by joining the 'This Land Is Our Land' campaign.
FORESTRY "PART OF WELSH GOVERNMENT"
Wales is unique, in that the Forestry Commission is legally part of the Welsh Assembly Government.
So why worry about any Tory plans to sell off "parts" of Forestry Commission land to private developers? We're safe in Wales, aren't we?
A YouGov survey shows 84% of the UK public against any plans to sell forests to the private sector. Only 2% agreed with it.
In the Forest of Dean, 'Hands Off Our Forest', gathered on January 3rd, to protest against the forest's probable sale to private business.
Labour's shadow minister for environment, Mary Creagh, calls the Tory-led government's plans an "act of environmental vandalism," and "a loggers' charter. Private companies will cherry- pick sites for commercial development, and voluntary groups will be left to look after ancient woodlands without a budget. The true value of England's forests will never be reflected in the price the Tory-led government gets from selling them," Labour's minister says.
Opponents of a public forests' sale are also worried about the loss of 850 jobs related to the Forestry Commission and England's woodlands.
Wales just follows, as England raises fees.
The Higher Education Funding Council for Wales has declared that only six universities are needed in Wales by March 2013; 2 per region.
The director of the Teachers and Lecturers Association in Wales, Philip Dixon, says that the universities are likely to set the highest tuition fees.
“The race to the top of the fees league by Oxford and Cambridge is not surprising - but all the other institutions will find themselves between a rock and a hard place”, says Dixon.
If the Wales' Assembly had more power, it could start to build the kind of society it's been trying to coax down English throats for over 100 years.
As fast as the Welsh create co-operative institutions like the NHS, the Co-operative movement, the Women's Institute, and so on, the faster the "home counties" try to abolish them!
Isn't it time we stopped trying to play a losing game, as the UK sinks into Thatcherism plus, and focus our thoughts on building a shining example in our real home?
WALES can give our youngsters a better life NOW !
DO YOU KNOW AN MP WHO's CORRUPT?
In yet another example of scandal in the UK, another MP has admitted being guilty of fiddling his parliamentary expenses.
Devine, who held the Livingston seat, submitted false invoices for cleaning and printing work, totalling £8,385 pounds.
He was found guilty by jury at Southwark Crown Court, of two charges of false accounting, but iwas cleared of one count relating to cleaning work, of £360 pounds.
The former backbencher, of West Main Street, Bathgate, West Lothian, was the first MP to stand trial in the wake of the expenses scandal. Peter Wright QC, the prosecutor, described the case against Devine as "very straightforward".
The former MP made the fraudulent claims "with a view to gain for himself, or with an intent to cause loss to another - the public purse".
A guide known as the 'Green Book' lists the fundamental principles MPs should adhere to when making expenses claims, Wright told the court.
"These are based on concepts of selflessness, integrity, objectivity, accountability, openness, honesty and leadership," he said.
"We say these are qualities of which Devine demonstrated a woeful inadequacy." Speaking of the Green Book, he added: "We say it's wholly unambiguous. It couldn't be clearer."
Simon Clements, head of the Crown Prosecution Service special crime division: "Jim Devine submitted invoices for services that he had neither paid for nor received. In doing so, he took advantage of the trust that had been placed in him by virtue of the public office he held.
"Submitting a false invoice is plainly dishonest, regardless of why it has been done or who has done it. We say there is no excuse for such conduct and, with today's conviction, it is clear the jury agreed", added Clements.
The divorced MP divided his life between Scotland and Westminster, buying a one bedroom flat in Elephant and Castle, south east London, to make parliamentary life easier.
Another former Labour MP, Eric Illsley, was sentenced to a year in prison, for dishonestly claiming expenses.
Illsley pleaded guilty to £14,000 of expenses fraud over second home claims made from 2005 to 2008. He was the second former MP to be jailed for expenses offences.
Former Labour colleague David Chaytor, is serving an 18-month jail term, after pleading guilty to making bogus claims.
Disgraced Eric Illsley quit as an MP, just weeks after being convicted of fiddling his expenses.
Treasury sources confirm that Illsley has been "granted the ceremonial post of Crown Steward and Bailiff of the three Chiltern Hundreds of Stoke, Desborough and Burnham" - the only and "traditional" way of resigning from Parliament.
EX-LABOUR MP Illsley was sentenced, after admitting dishonestly claiming £14,000 in "expenses". Some MPs are known to trade on the almost impossibility of getting rid of them.
Do you know of an MP near you, who smarms up to local groups (that's known as being: "a good constituency MP"), while corrupt, and will refuse to let go of the gravy train - by resigning?
If you do, it is your duty to report them to the police, or Crown Prosecution Service... or know that you are contributing to the sort of corrupt behaviour that brings dishonour to your party or community. Wales deserves better than this.
Please don't collude in crime.
LABOUR's Lord Taylor of Warwick was convicted of making false claims of £11,277 in allowances, as part of the investigations into expenses.
Southwark crown court gave Taylor a guilty ruling, despite his earlier denial of six charges regarding expenses fraud from 2006 to 2007.
Taylor's charges relate to registering a false accommodation in Oxford as his residence, and claiming travel and overnight subsistence costs while his true residence was in Ealing.
At the court session, Taylor claimed that, as there have been no checks on the addresses peers have designated as their residence, the practice is now “widespread” in the Lords.
The prosecution says Taylor knowingly misreported his expenses, despite arguments by his defence that the expenses system is “unclear, ill-defined and, most crucially, treated by MANY... as a remuneration in lieu of salary”.
The seven-day trial ended with the jury finding Taylor guilty on all six charges, with a majority decision of 11 to 1.
Perhaps YOU know of another criminal near you?
GOVERNMENT BY DIKTAT
Wales' driving test centres are to be closed - as are Scotland's and all England's - and examiners are to be located in a variety of private firms, such as supermarkets, says the Driving Standards Agency.
The DSA, apparently, has studied the plan to axe test centres and transfer them to private firms.
The plan also affects motorcycle testing facilities.
Angus SNP MP Mike Weir:
“Those whom it will impact have had no chance to make their views known. They are being faced with a diktat from an uncaring government agency.”
According to the Public and Commercial Services union, the DSA is to cut costs. It also says that the idea of driving tests to be conducted by other private firms "has been discussed".
General Secretary Mark Serwotka:
"These new documents shed more light on the plans being hatched behind closed doors by senior managers and ministers. Worryingly, it is the latest evidence of the creeping privatisation of the agency's work, which puts ideology before road safety."
KILLING OUR ELDERLY THROUGH DEHYDRATION Critics slam the deaths of hundreds of elderly at UK care homes due to dehydration as “scandalous” and “absolutely shocking”.
According to figures by the Office for National Statistics, 667 residents at care homes have died of thirst and 157 of malnutrition over the past five years.
Figures also show 1,928 more died of superbugs Clostridium difficile and MRSA.
Analysts fear the number of reported deaths is only the tip of the iceberg, as it does not include patients who pass away in hospitals.
"The fact that people are dying from these sorts of causes is absolutely shocking in the 21st century," says Neil Duncan-Jordan of the National Pensioners Convention.
The statistics were compiled based on information from care home resident deaths in England and Wales between 2005 and 2009.
The results of the survey by the Office for National Statistics are especially alarming as they reveal the number of elderly dying from dehydration has doubled since 1997 and those linked to superbugs grew seven-fold.
"What it [the survey] shows is that a significan number of older people in our care homes are getting substandard, third-rate attention.
Yet the cost of staying in a care home is huge…. And yet for that, no one helps you eat your meals, no one ensures you are properly turned in bed, and no one makes sure you have had enough to drink," Duncan-Jordan tells the Daily Mail.
This comes as Care Services Minister Paul Burstow blames the shortcoming on the former Labour administration, saying "Labour let people down by failing to reform the way we pay for care".
"They kicked it into the long grass for nearly 13 years and failed to deliver a settlement” Burstow adds, promising to reform the social care law and funding in the current parliament."
One cup of tea a day saves time and money. It also kills, as - on medication - many elderly find their kidneys collapse.
TORY GOVERNMENT "AT WAR WITH YOUNG PEOPLE"
Lecturers' union leader Sally Hunt accuses the government of being "at war with young people".
UNITED AND HAPPY !
Len McCluskey pledges to keep working with student protesters, to fight this government's austerity measures and build a broader anti-cuts campaign.
UK TORIES STILL VERMIN...
100,000 UK jobs go IN SIX WEEKS!!!
The Tories "achieve" this through "cost cutting" ... in the Health Service. Wake up! Wake up!!!
Build a new economy now in Wales, as the UK follows the US into a nightmare world of unemployment.
"STOP PROTESTING OR FACE BAN ON PROTESTS IN UK" Met Police Commissioner Sir Paul Stephenson says he does not rule out banning all future protests across the country.
"It is one of the tactics we will look at and something we will keep under review, and if we think it is the right thing to do then we will do it," says Sir Paul Stephenson.
The head of the National Union of Students (NUS) dismisses the police chief's idea as in clear opposition to civil freedoms:
"Peaceful protest is an integral part of our heritage and it is the responsibility of the police to help facilitate that", says the NUS president.
On the suggestion that water cannons could be used to control crowds in the future, Sir Paul says the force ruled that option out three years ago, but that officers were taking advice from colleagues in N Ireland about its efficacy in London, if protests continue.
SCOTS START TO MOVE Unison is meeting with other unions, including the GMB and Unite, about the possibility of a consolidated one-day strike across Scotland.
“Our Scottish council passed a resolution to the effect that, with other public sector trade unions, we should be considering industrial action in opposition to the cuts.” says a spokesperson for Unison.
"The debate reflected the growing anger amongst our members at the impact of austerity measures."
The call for a strike comes as the UK government pushes ahead with plans to make the deepest cuts to public spending in decades. As a result, the Scottish Government will - this year - suffer a £1.3 billion cut to its budget.
AUSTRIAS's STUDENTS GAIN MASS BACKING In the UK students - until recently - have organised nearly on their own, yet 11O organisations including trade unions, are with Austria's students, as they march in all their major cities, to demand that cuts stop.
The lesson from the Austrians - UNITY ! (don't let enemies divide you) Good for you, Austria!!!
ALL AGAINST THE CUTS!!!
Women are to be twice as badly hurt by the cuts says a House of Commons report, as news breaks that women's unemployment has hit over 1 million.
UK SCHOOLS ACTION - THE START !
The NCAFC says on its website anticuts.com
that they hope more students will register for future protests, as more savage cuts are due to be announced.
WHAT TO DO AS THE CUTS HIT?
Why are cuts, cuts and more cuts happening while wages have halved in the last thirty years?
Could it be because working people have stopped trying? Remember:- quitters never win, and winners ... NEVER QUIT !!!
Those who see working people as less important than their ambition, will grind you into dust, & stamp on your collective heads, if you let them!!!
IT'S A POLITICAL CHOICE - FREE OR CATTLE !!!
Huge numbers of people have now marched to Westminster to demand that the UK's "Coalition" government stop their plans to cut the UK state, forcing a million more out of work.
Nearly a million have joined the marches, amidst warnings that the Comprehensive Spending Review will lead to job losses, pay cuts & huge reductions in public services..... and will make the whole UK a much "nastier" place to live in. These cuts are NOT the only option...
TUC General Secretary Brendan Barber says the Government's cuts programme is a POLITICAL choice, not an economic necessity, that will make the whole of the UK "a more unequal, more squalid and nastier country".
He asks people to have more confidence:
"The UK is a hard working country that CAN generate the tax that CAN fill the deficit gap, that CAN create the jobs that a lost generation of young people need, & that CAN meet the challenges that we face as a society - from moving to a low- carbon economy, to eliminating child poverty.
"The Government is announcing unprecedented cuts in public spending - deeper than any of us can remember. They will bite deep into our social fabric - and hit some of the poorest and most vulnerable members of our society.
"They want us to believe that they have no choice & that this is economic necessity. Yet economic experts across the spectrum warn us that the cuts are too deep & too rapid. The warnings come from the White House, the US Treasury department, Nobel prize winners like Paul Krugman and Joseph Stiglitz, key members of the Bank of England monetary policy committee, the chief economics commentator on the Financial Times, and yes, even the Mayor of London.
"At worst the cuts will plunge us back into recession, and at best they will condemn us to lost years of high unemployment and growth so weak, that the deficit may well stay high."
The mass demonstrations have brought together a broad coalition of union members, community leaders, campaign groups & users of public services.
Please use your power!
************************************************ WALES PRIDE AND JOY DYING BY A 1,000 CUTS
Wales introduced the UK's NHS to the world, and - ever since - unscrupulous politicians and managers have cut away at its strength.
The NHS has now forced elderly people and whole groups of patients to PAY for medical care, the new chair of the 'Common's health committee says.
The elderly, dementia patients, stroke victims, and those with Parkinson's disease, are today included in a long list of those patients who now have to pay for their medical treatment.
Stephen Dorrell, who was health secretary towards the end of John Major's time as prime minister, says that, despite the growing aged population, the number of places for them has fallen by nearly 80% in the UK over the past 20 years.
He says this has pushed people into social care systems where they are charged for treatment. Dorrell believes the NHS has turned its back on whole groups of patients.
"People are being charged for care that they would have got free from the NHS 20 or 30 years ago.
"Unfortunately, it has been ignored because both politically and financially it is tricky for politicians to face up to it. But because it has not been done in a planned way there is great unfairness in the system. We see examples of cost shunting & bureaucracy that cause individuals problems.”
Age UK policy adviser Stephen Lowe backs Dorrell, & says he's right to call attention to the issue. He says the NHS has "unilaterally retreated" from its responsibilities.
Ruth Sutherland, interim chief executive of the Alzheimer's Society, says: "There are hundreds of thousands of people missing out on valuable financial help because they don't 'tick the right boxes'."
PROTEST OR DIE !!! A major change tabled by Health Secretary Lansley proposes that the NHS hand over distribution of 80% of its services (worth £80 billion), to GPs.
Lansley's plan, which also increases the private sector's involvement in providing NHS services is triggering outrage among unions & health staff who say the coalition is “rushing it through”.
This comes as a YouGov poll, commissioned by public services union Unison, shows only 27% of the UK's public support a stronger private sector role in the NHS, & 50% oppose it.
The survey also shows Lib Dem voters with 56% against it & 30% who approve. This is while Tories are backing it by 46%, to 32% against.
Says Unison general sec. Dave Prentis;
"The fact is there is very little support for this Bill from anywhere. Many GPs are opposed to it, as are patients, NHS staff, clinicians, charities, think tanks, MPs and unions. The Government's vanity project is undemocratic, unaffordable and unnecessary,” he adds.
Prentis warns that this “titanic reorganization” of the NHS threatens to “sink” the whole system, calling on the government to announce the Bill “DOA - dead on arrival”.
Britain's biggest union, Unite, which has presented the Commons with “new and forensic analysis”, says MPs will have little time to grasp the whole idea of the reforms, due to the “enormity” of the proposals.
Western China has embraced "green-mode development" - with painful changes from which, Wales could well learn.
Eastern China has seen fast growth and urban mess. The West, a mining and agricultural area, has not.
Xi'an Chan-ba Ecological District, is a model for reclaiming old mining areas.
It took six hard years, but now Xi'an is showing the world how best to change, by turning a badly polluted rubbish landfill site, into an all new environment-friendly development.
As China's economic focus moves from east to west, it's using the lessons learned during 30 or more years of rapid industrial development.
The green way for China's west, is to combine green industrialization & green urbanization.
The western region's strategy is to adopt effective energy-saving and environmental protection technologies... AND to extend its industry through science and products unique to China's West, together with strong vertical growth in agriculture and all its ancilliary economic & professional spin-offs.
In undertaking this industrial revolution, the western region will keep a sharp eye out - to avoid all polluting non-sustainable industries.
A BIG DROP OF HONEY !!!
Spring is beekeeping and honey-processing season in Yunnan province, in China.
Waves of bees flit across vast fields of flowers.
Local beekeepers and many from other places, such as Sichuan and Fujian provinces - set up their base in tents among the rapeseed farms.
The 430,000 hectares of rapeseed blooms in Luoping attract myriads of bees, which produce 15 - 20 million tons of honey a year.
Local people now look to brand their county as a honey production base & increase sales to outside markets.
Luoping Tianyuanmiyu Bee Industry Co Chair, Zhu Hongkun, founded his enterprise in 2009.
It mainly produces honey, propolis and propolis powder.
His company works with 270 plus beekeepers, who each earn 80,000 yuan a year on average.
Some earn 200,000 yuan annually, Zhu says.
Who says beauty endowed by nature isn't worth a fortune?
The whole of the uplands of south Wales could be as beautiful & productive, if used wisely!
Squares of colour are seen on a tiny piece of Metaflex material as it is held up for the camera in a laboratory at St Andrews University.
A team of scientists led by Dr Andrea Di Falco have created the Metaflex material which could be used to make fabrics that manipulate visible light to shield objects from view.
Now the Scots have a REAL Assembly, with REAL powers, Scottish universities are reaching out to developing countries like China with student training and swaps, while Wales is still far too heavily dependent on MoD funded research...
NO CAMPAIGN BLUFFS CALLED
The Scottish First Minister, Alex Salmond, says the UK government’s scaremongering tactics against Scotland, aimed at forcing it to with- draw a bid for independence, have failed.
Scotland is holding a referendum on independence in September, which could result in a break-up from the UK, after over 300 years of political union.
Salmond says Sunday that UK government tactics to scare Scotland into voting 'no', have all failed.
His remarks come after an unnamed UK minister says threats to deprive an independent Scotland of the British currency, the pound sterling, would not be implemented.
The Scottish leader says the minister’s comments published by the Guardian are “a very important demolition of the no campaign” & indicates “that all this bluff & bluster about not sharing sterling, is a campaign tactic.”
“They have based their arguments on whatever they can say or do in this campaign to try and intimidate the people of Scotland out of voting for independence and their bluff is being called,” says Salmond.
The Scottish leader also promises that he would not allow the UK to keep its nuclear weapons at Faslane nuclear base in Scotland, in return for retaining monetary union.
The unnamed British minister had said that London might try to negotiate with Scotland on keeping the nuclear arsenal at the Faslane base... in exchange for Scotland continuing with the UK currency.
A poll released on March 20th shows that support for Scotland to leave the UK, now stands at 40%, the highest since August last year.
CHINA's PREMIER POINTS WAY FORWARD
As the Tory/coalition threatens a "bonfire of the Quangos",
perhaps Wales should take note. Now extracting all our
mineral wealth has been stopped (apart from sand
and rock) we find ourselves "in" the 1st World
of the UK, but with a 3rd World economy, only just
kept going by quangos which promise much... but
deliver little... and rely on weak public support.
We could WAKE UP & understand that we either
do something, or stay as begging bowl cases.
China's premier points the way forward for Wales:
"Industrial restructuring is the key... only by
developing energy-efficient, indigenous innovative
and high value added products can our companies
and economy, achieve sustainable development."
WHILE FRANCE, GREECE, IRELAND, ETC, STRUGGLE TO
STOP THE PENSION AGE RISING HIGHER AND HIGHER...
An ongoing online survey on qq.com, a popular
Chinese news portal, finds that 91% of its
over 800,000 respondents are against raising
the current official Chinese retirement age.
As of 9pm Tuesday, 745,123 of those surveyed
say they oppose raising the retirement age,
while only 72,456 support it.
Chinese scholars and the public have been debating
whether to raise the retirement age for the past
few years, but the issue rose to prominence last
Friday, following remarks from an official.
Wang Xiaochu, the official vice minister of the
Ministry of Human Resources and Social Security,
said at a press conference that the government
was "studying the matter"...
The retirement age in China is generally set
at 60 for men and 50-55 for women.
Wow! Bet you didn't know that !!!
FARMING AND SCIENCE COULD REGENERATE WALES
A new UN General Assembly report warns "vast areas" of cultivated land are lost each year, and that this could lead to unrest.
The report says up to 30 million hectares, an area the size of Italy, is lost each year to environmental degradation, industry & urbanization - the growth of cities - and all because of speculative building and greed.
The UN special rapporteur Olivier De Schutter, gives the example of eastern Africa, where the amount of cultivated land has declined by half --- in just one generation! "
As rural populations grow and competition with large industrial units increases, plots cultivated by smallholders are shrinking year after year," says De Schutter.
"Farmers are often relegated to soils that are arid, hilly or without irrigation."
The UN officer also mentions India as another example, where the average landholding fell from 2.6 hectares in 1960 to 1.4 hectares in 2000. A cut of nearly half in 40 years!
He says 500 million small farmers suffer from hunger, partly because their right to land is being violated. The expert warns of the devastating consequences, as foreign investors compete for larger and larger areas of the world's land for "their" agriculture.
Rhondda Records says Wales could rebuild its new economy by basing it on a fresh approach to high-value added products, using science and agriculture... such as the Altzeim project in Gwent.
What have we got to lose?
A GENERATION OF YOUNGSTERS "FAILED" IN WALES
Wales's assembly members say a generation of Welsh young people is being “failed” by the education system and a lack of employment.
A cross party committee of AMs says 68,000 youngsters aged 16-24 are not receiving education, employment or training:- the worst numbers failing across all the UK.
The enterprise and learning committee also says in its report that recent measures to deal with these problems are “patchy” and lack a “clear path”.
The report calls for a single Welsh Assembly body to co-ordinate, oversee, and take on the responsibility.
“It is deeply worrying that so many of our young people are still being failed by the system” the report says.
The committee calls for the appointment of a minister to see to the needs of those lacking education, employment or training (collectively known as Neets) & coordinate efforts to help.
It also says a “lead agency” should be set up to make sure that any decided changes are implemented efficiently.
The report also finds the chance of being one of the "Neets", is 50% higher among disabled people, compared to those with no disabilities.
"The causes of young people being Neet are complex and there are no easy answers to addressing the issue”, says Committee chair, Gareth Jones AM.
“More effective action on the ground, and better collaboration between different agencies, is vital to ensure a continuum of support for these young people" he adds.
Rick Libbey from the youth charity Prince's Trust:- "thousands of young people across Wales, don't have the skills, confidence and qualifications to break out of long-term unemployment and poverty”.
He calls for a joint effort by charities, government and employers to settle the problem, which is being worsened by the recession, as Neets now have to “compete with graduates fresh out of university" in a slowing jobs market.
Rhondda Records says what Wales needs, is an economy !
For hundreds of years, our strategy has "gone missing" & our native genius ignored.
Our economy has been "given" by London, through a "regional" policy which brought in subsidised factory work and little else...
To create a new economy requires new solutions.
It requires solutions unique to Wales, and NOT franchisable ideas so beloved of "funders"...
Let the Assembly encourage a more dynamic way, that "re-members" Wales' special attributes...
We have ALL the water, land and plants needed - can't we use our native assets more creatively and dynamically?
Aren't hydraulics and hydroponics, for example, easy enough to use and understand?
Help the Boilerhouse Project !!!
Help Wales to bloom!!!
Pit Pony "Gremlin" hauling coal for Christmas winter 1998.
We have some collection dates and need some help if you can spare a couple of hours please reply with details.
Cardiff City Centre Queen Street etc. bucket collection + Sponsor a Pony able to wander working from clip boards.
Thursday 28th November until 8pm
Cardiff City Centre Sat 14th Dec xmas theme, playing carols, xmas hats etc.
+ Sponsor a Pony able to wander working from clip boards.
The Ponies at Fforest Uchaf
We are a tiny Welsh registered Charity No1002933 and small group of volunteers who help all the Needy Horses & Ponies we can with our meagre resources.
We offer a Sponsor /Adopt a Pony scheme.
You can sponsor a Pony at
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FFALDAU FARM POINTS THE WAY...
Assembly Economic Minister Ieuan Wyn Jones is seen here, visiting Ffaldau farm with Sera Evans-Fear, Leanne Wood, Vic Doyle, and some volunteers. Vic welcomes all to visit the farm, and chat about a "new" green Wales... as THIS farm... is focussing on Permaculture.
The first ever systematic, multi-site analysis of permaculture farming! Thanks to your support, the research will happen! All donations now support the inclusion of more farms in the research - and paint a better picture of what's happening on the ground.
The research is in the US, but the precedent is global. Lend your support and spread the word! http://rkthb.co/11800