Daily Archives: October 9, 2014

James Corbett – The Corbett Report – Interview 950 – Geneva Business Insider With David Smith – 9 October 2014

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Each month James is joined by David Smith of the Geneva Business Insider to discuss the latest breaking stories in politics, finance and society. This month they tackle: Libya’s sovereign wealth fund’s billion dollar lawsuit against Goldman Sachs; the many, many fraud cases and convictions against GlaxoSmithKline; and the latest DOJ show trials against the banksters.

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Steve Lendman – Crowning The Dragon: World’s Top Economy – 9 October 2014

StevelendmanIt was just a matter of time before China surpassed America as the world’s leading economy based on purchasing power parity (PPP).

It’s an exchange rate between currencies measured by the cost of a representative basket of goods in one country v. another.
Surprisingly, China’s growth happened faster than experts expected. In 2011, IMF economists estimated it would overtake America in 2016.
At the time, they projected its PPP GDP at $18,975.7 trillion v. $18,807.5 trillion for America.
They now estimate America’s 2014 PPP GDP at $17.4 trillion v. $17.6 trillion for China.
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Lisa Gawlas – Our Emerging Positions And Enhanced Bodies Within The New Earth – 9 October 2014

lisagawlas2What an interesting day yesterday was, on all levels.  I woke up as spacey as can be, kinda like there was much more space around every thought and pulling two thoughts together was close to impossible.  I knew getting a sharing out was just not going to happen and decided we must need more information form the field of readings.  Well, that didn’t turn out like I expected either!!  Not by a long shot! Continue reading

EU, Kazakhstan Agree On Enhanced Cooperation – 9 October 2014

RT logoThe EU and Kazakhstan have signed an agreement in Brussels Thursday, forging closer economic and political ties.

President Nursultan Nazarbayev also met with European Commission President Jose Manuel Barroso.

Brussels and Almaty will enhance cooperation on 29 key sectors- including economic, financial, energy, transport, environment, climate change, employment, education and research.

Kazakhstan is the biggest economy in Central Asia, and has large oil reserves, and is the world’s largest producer of uranium. It is also closely politically aligned with Russia, and along with Belarus is a member of the Eurasian Economic Union, which comes into force on January 1, 2015.

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

Germany’s Energy Industry A ‘Disaster’ – France’s EDF Chief – 9 October 2014

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Profits have declined for German energy companies since Angela Merkel decided to shake up the power industry by cutting nuclear energy in favor of renewables. The impact on the energy sector is severe, and may be having a domino effect across Europe.

Henri Prolio, the Chief Executive of France’s state-owned EDF, has openly criticized Germany’s two biggest energy suppliers, RWE and E.ON.

“When it comes to energy they are in a disaster. Their two major companies – E.ON and RWE – are under huge pressure. One is more or less dead, the other one is in a very difficult situation,” Henri Prolio claimed, adding that his company was doing “quite well.”

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

2nd Huge UK Tax Bill Blunder This Year Leaves Millions In Limbo – 9 October 2014

RT logoHundreds of thousands of UK citizens’ tax bills may have been substantially miscalculated on two consecutive occasions, HM Revenue and Customs whistleblowers have revealed.

HM Revenue and Customs (HMRC) has privately acknowledged that tens of thousands of Britons who overpaid or underpaid their income tax bills last year may still not have paid the correct amount. The government body is reportedly uncertain of the true scale of the debacle.

In June, HRMC said it collected an incorrect amount of tax from over 5 million UK workers for the year leading up to April 2014. The individuals concerned subsequently received official letters detailing how the HRMC planned to take back or reissue funds, which averaged at £300 per person.

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

John Ward – Crash2 Signs: Every Day In Every Way They’re Getting Bigger – 9 October 2014

JohnWThis morning the Bank of Italy announced that bad loans in the country rose 20 percent year-on-year in August –  and lending to companies and families shrank equally dramatically.

In just 3 months, oil has suffered a 20 percent plunge into bear-market territory as average petrol prices hit their cheapest level for nearly four years. Brent crude fell more than a dollar to a 27-month low of $90.76 at one point.

China, the world’s top coal importer, is to levy import tariffs on it of between 3 per cent and 6 per cent from October 15th in its latest attempt to support ailing domestic miners. Australia and Russia will be hit very hard indeed.

See closely-related Slogpost: Neoliberal Cock comes home to roost

www.hat4uk.wordpress.com / link to original article