Daily Archives: April 30, 2014

BRICS Building Parallel IMF – 30 April 2014

RT logoAuthor: Patrick L Young is expert in global financial markets working in multiple disciplines, ranging from trading independently to running exchanges.

The post war consensus on financing bodies appears to be breaking down as the West clings desperately to the reins of the IMF and World Bank. In exasperation, the BRICS nations are pushing forward with alternative institutions.

As arbiter of sound government finance, the IMF was once much feared by profligate politicians. When IMF experts were parachuted in as frontline fiscal rescue, the world clearly recognized a major government economic policy failure. Britain famously reached this nadir in the 1970s, when state spending expansion reached a finite limit and Chancellor Healey was forced into a massive policy U-turn endorsing monetarism and fiscal discipline.

However, in recent years the IMF has become somewhat politicized, losing track of its original goals. Having been a hugely useful player alongside the European Bank for Reconstruction and Development (EBRD) in helping rebuild the New Europe post-Soviet collapse, the IMF of recent years has become a rather odd place: headed by a succession of politicians who seem to regard their role as being a prominent office to canvas for the French Presidency while administering economics-lite.

Read the full story at: www.rt.com / link to original article

Ukrainian Army ‘On Full Alert’, President Admits East Is Beyond Control – 30 April 2014

RT logoThe Ukrainian army is on full alert due to the “threat of a Russian invasion,” Ukraine’s acting President Aleksandr Turchinov said after admitting that the government in Kiev cannot control the situation in the east of the country.

“I am going back to the real threat that Russia would unleash a continental war against Ukraine. Our armed forces have been put on full alert,” Turchinov told Wednesday a council of heads of Ukrainian regions in Kiev, as news agencies report.

He called on the audience to speed up the creation of regional militias loyal to Kiev.

“We must have the capability to move those units fast to support other regions against such a threat,” he stressed.

Read the full story at: www.rt.com / link to original article

Steve Lendman – Confronting Russia And China Militarily – 30 April 2014

StevelendmanWashington’s imperial agenda reflects madness. Overreach may be its undoing. Potential global war threatens everyone.
On Tuesday, Obama ended his Asian trip. Confronting China was prioritized. On April 28, Stars and Stripes headlined “Obama’s Asia trip yields better military ties but no trade concessions,” saying:
He returned home “partly successful.” In Japan and South Korea, he reaffirmed post-WW II ties.
“In Malaysia, he made strategic inroads in a country that’s long been one of China’s closest friends in Southeast Asia.” Continue reading

The Hyper Report – 140430 – No Manipulation? – 30 April 2014

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TheIndependent – Top US Banker Quits Barclays As Turmoil Rages Over Bosses’ Pay – 30 April 2014

The Independent

By James Moore

Barclays was facing fresh turmoil last night as its top US investment banker quit as head of Americas after barely 18 months in the role.

Read the full story at: www.independent.co.uk / link to original article

TheIndependent – Vince Cable Won’t Apologise – But At Least He Could Reveal All – 30 April 2014

The Independent

By Jim Armitage

Vince Cable and Michael Fallon must surely be the only two people in the world who still don’t believe the Royal Mail was sold off too cheaply.

Read the full story at: www.independent.co.uk/ link to original article

TheIndependent – Bank Of England Mocks Up Crisis Scenario For New Bank Stress Test – 30 April 2014

The Independent

By Ben Chu

The Bank of England has set out the stipulations for its rigorous new stress test for commercial banks which lay out a crisis situation.

Read the full story at: www.independent.co.uk / link to original article

VaticanNews – Church And ILO Discuss ‘Post 2015’ Poverty Eradication Agenda – 30 April 2014

https://i0.wp.com/www.news.va/static/portal/img/logo.png(Vatican Radio) Employment and decent work for all is the best route out of poverty in the world. That’s the conviction behind a two day meeting taking place here in Rome under the auspices of the Pontifical Justice and Peace Council.

Bringing together a group of Catholic-inspired NGOs and the UN’s International Labour Organisation, the seminar aims to find ways in which the social doctrine of the Church can make a key contribution to the so-called ‘Post-2015’ agenda on poverty eradication. Continue reading

Steve Lendman – More Kerry Bullying, Bluster And Big Lies – 30 April 2014

StevelendmanHe’s no diplomat. He’s a world class thug. He mocks legitimacy. He disgraces the office he holds. He represents the worst of America’s dark side.
He’s a serial liar. He’s been caught red-handed lying numerous times before. He’s at it again.
Big Lies infested his Monday Wall Street Journal interview. Truth was nowhere in sight. More on what he said below.
On April 28, State Department spokeswoman Jen Psaki said the following:
“Today, in response to Russia’s continued actions in southern and eastern Ukraine, the United States is implementing additional restrictive measures on defense exports to Russia.”
“Accordingly, the Department of State is expanding its export restrictions on technologies and services regulated under the US Munitions List (USML).”

Continue reading

DealBook – New York State Makes New Efforts To Combat Payday Lenders – 30 April 2014

DealBook

By RACHEL ABRAMS

Curbing abusive payday lending practices can sometimes resemble a game of Whac-A-Mole: every time regulators manage to push down one method the industry uses, another new method seems to crop up.

Read the full story at: www.dealbook.nytimes.com / link to original article