Daily Archives: November 4, 2014

Iraq Inquiry To Cost Taxpayer £10Mn – 4 November 2014

RT logoThe Inquiry into the invasion of Iraq in 2003 will cost the taxpayer £10mn, peers have been informed. Ongoing since 2009, the Chilcot Inquiry has already cost £9mn and has faced mounting criticism for its late publication.

In response to questions in the House of Lords, Lord Wallace of Saltaire compared the figure to the £100mn spend on the 1998 Saville Inquiry into the Bloody Sunday shootings in Northern Ireland.

Lord Wallace of Saltaire (image from gov.uk)

Lord Wallace of Saltaire (image from gov.uk)

Lord Saltaire, however, further said it would be “inappropriate” to publish the report in the run up to the May 2015 general election. If the Inquiry fails to publish by February, in keeping with the pre-poll deadline, publication will be postponed yet again.

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

John Ward – Economies, Markets & Commodities: Upside Down, Back To Front And Every Which Way Up – 4 November 2014

JohnWAs the EU slashes the eurozone growth forecast (but seems convinced Ireland can buck the trend) we see the price of oil falling further still, and Japanese QE driving markets higher, while the gold price continues to fall.

Everything is an illusion, nothing is real, and everything is connected.

Commoditiies like oil and gold shouldn’t plunge at the same time.

When the world is having every growth forecast slashed, markets should not be going higher and gold should not be falling in price.

Oil prices are falling at the rate they are to stuff Moscow, and reduce ISIS income.

Gold prices are being destroyed to discourage the flight of investment from stock markets and banks.

It’s a mug’s game if you do, and a mug’s game if you don’t.

Time to invest in Russian bonds?

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

Digital Evolution? UK Govt Launches Bitcoin & E-Currency Consultation – 4 November 2014

RT logoThe British government is formally examining the benefits and feasibility of using electronic currencies (e-currencies) such as Bitcoin, as thousands are turning their backs on traditional forms of finance.

It is estimated around 20,000 Brits currently own Bitcoin. According to the Treasury, around £60 million worth of the digital currency is circulating in the UK economy.

The actual figure is likely to be higher, as the e-currency is often used to buy contraband items in the “dark web” – an area of the internet inaccessible to UK authorities.

The Treasury consultation, called “Digital currencies: Call for information,” says it wants to determine how e-currencies are being used, and whether it should be regulated by the government in the future.

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

Anonymous Now: Million Mask March Descends On London – 4 November 2014

RT logoThe Million Mask March will course through London on Wednesday November 5. The march, in which all demonstrators obscure their faces to protect their identity, is in protest against austerity, mass surveillance and attacks on human rights.

Organized by the global hacktivist group Anonymous, the London protest will march from Trafalgar Square and finish at the Houses of Parliament.

It is unknown how many demonstrators will join the march, as pleas from police for information have remained unanswered.

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

Emmanuel Dagher – Energy Forecast November 2014 – Letting Go of the Struggle – 4 November 2014

Emmanuelpeaceofficial1November 2014

My Amazing Friend,

How are you? Thank you for taking the time out of your full schedule every month to connect with me in this way. It is truly one of the highlights of each month for me, and I always look forward to it.

I am deeply grateful to you for allowing our friendship to continue to blossom.

Energetically speaking, what was your experience like during the month of October? If it was a challenging one, then you are definitely not alone.

The celestial happenings for October included two eclipses, among other astrological alignments, such as Mercury in retrograde, and the biggest solar flares recorded in decades. It’s safe to say that it was a month of immense expansion. Continue reading

Hungarian Law Gives Green Light To South Stream In Defiance Of EU – 4 November 2014

RT logoThe Hungarian parliament has approved a law on Monday which allows building the South Stream gas pipeline without approval of the European Union. The European Commission has already demanded an explanation from Hungarian authorities.

The European Commission’s spokesperson said at a press briefing in Brussels on Tuesday that the EC was in contact with Hungarian authorities to get an explanation for their decision.

The law was passed with 132 votes in favor and 35 votes against, allowing a company to construct a gas pipeline even if it doesn’t have the licenses needed to operate it. According to the new law the only requirement for a company which wants to take part in construction is approval from the Hungarian Energy Office.

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

ECB’s New Watchdog Takes Over EU Banks Supervision – 4 November 2014

RT logoThe European Central Bank has assumed responsibility for the supervision of euro area banks. From now on its new watchdog will directly supervise 120 “significant banking groups”, which represent 82 percent (by assets) of the euro area banking sector.

It’s hoped that the so-called Single Supervisory Mechanism (SSM), the Frankfurt-based body, will help “improve and strengthen” financial stability. The aim of the European Central Bank (ECB) supervisor is to boost safety of credit institutions and the stability of the European financial system as a whole.

We now have a unique opportunity to develop a culture of supervision that is truly European, building on the best practices of supervisors from across the euro area,” the chairperson of the supervisory board of the ECB, Danièle Nouy, said. She revealed that the ECB has hired over 900 banking experts for its new supervisory unit.

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