Tag Archives: 4 december

ActivistPost – Plummeting Oil Prices Could Destroy The Banks That Are Holding Trillions In Commodity Derivatives – 4 December 2014

Logo_activistpost-comMichael Snyder
Activist Post

Could rapidly falling oil prices trigger a nightmare scenario for the commodity derivatives market?

The big Wall Street banks did not expect plunging home prices to cause a mortgage-backed securities implosion back in 2008, and their models did not anticipate a decline in the price of oil by more than 40 dollars in less than six months this time either.  If the price of oil stays at this level or goes down even more, someone out there is going to have to absorb some absolutely massive losses.  In some cases, the losses will be absorbed by oil producers, but many of the big players in the industry have already locked in high prices for their oil next year through derivatives contracts.

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

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Tories’ Human Rights Veto ‘Threatens Future Of Britain’ – Ex-Attorney General – 4 December 2014

RT logoThe Conservative-led government’s proposal to scrap the Human Rights Act and reduce the European Court of Human Rights (ECHR) to an advisory body would have “devastating consequences” for Britain, the UK’s former Attorney General warned on Wednesday.

In a strident critique of his party’s controversial proposals for human rights law reform, Conservative MP and QC Dominic Grieve, who was fired by Prime Minister David Cameron in July, said the government’s threat to abandon the Strasbourg court undermined international law and could fray the constitutional fabric that holds the United Kingdom together.

Grieve, who backs reform of the ECHR, was removed from his post as Attorney General along with other justice ministers over their opposition to Britain’s potential withdrawal from the European Union and Council of Europe.

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

Osborne Announces 25% ‘Google Tax’ On Global Tech Firms – 4 December 2014

RT logoMultinational tech companies will be subjected to a new 25 percent levy in order to curb tax avoidance and the siphoning of revenues into secretive havens, said Chancellor George Osborne in Wednesday’s Autumn Statement.

Dubbed the ‘Google Tax’, the chancellor plans to tax tech giants at a rate 5 percent higher than the standard level of corporate tax, with the aim to stop companies diverting their profits to untraceable havens such as Ireland and Luxemburg.

American tech giants including Amazon and Facebook are also expected to be hit by the new tax measures, following reports that the latter paid zero corporation tax in the UK last year.

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

ZeroHedge – ECB Inflation Expectations Crash; Slashed By Half In Just 9 Months – 4 December 2014

ZeroHedgeBack in March the ECB predicted 2014 inflation would be 1.0%, with prices rising to 1.3% in 2015. Since then one can say that deflation has once again taken hold, and following two consecutive cuts to 2014 inflation expectations, moments ago Draghi just released the ECB’s latest set of inflation expectations. In a nutshell: in just 9 short months, the ECB’s current year inflation forecast has been cut in half, with 2015 inflation also down nearly 50%, from 1.3% to 0.7%.

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

Brutal Police Beating Of Model Shocks Australia – 4 December 2014

RT logoA video showing three Sydney police officers brutally beating a young woman has gone viral, with over 750,000 views on Facebook. During the clip, the victim is repeatedly hit with a police baton and appears to be kicked in the head by a male officer.

Police brutality has been hitting the headlines in the US, but now it seems the unfortunate trend has made its way to Australia. The woman in question, Claire Helen, who works as a model and actress and was on the receiving end of recurring blows from a police officer, said: “It was the most frightening and humiliating experience of my life.”

Law enforcement officers allege that Helen punched a policewoman in the mouth, as well as resisting arrest – an action that the model stringently denies. “They pushed me down. They hit me and kicked me. They pulled my dress over my head,” she said, speaking to Channel Nine. Onlookers could be heard shouting, “Let her go,” and, “She’s not resisting arrest.”

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

Cutting Russia Out Of SWIFT Banking System Would Mean ‘War’ – Head Of VTB – 4 December 2014

RT logoExcluding Russia from the global SWIFT banking transactions system is another form of sanctions and would mean “war,” said Andrey Kostin, head of VTB Russia’s second largest bank, adding that should it happen Russia has a “Plan B.”

“In my personal opinion, if such a sanction is introduced it would mean war,” Kostin said in an interview with Germany’s Handelsblatt newspaper. If Russian banks no longer have access to SWIFT, the American ambassador would leave Moscow the same day, he said.

Kostin added that the banking system is highly dependent on the dollar and euro, and is the most vulnerable part of the Russian economy. However, he said Russia has an alternative should the SWIFT system be no longer available to Russia. Last month the Bank of Russia said it’s going to launch an alternative for financial transactions in May 2015.

Read the full story at: www.rt.comlink to original article

43Yrs For Justice: Ireland Takes UK To Human Rights Court Over Hooded Men Case – 4 December 2014

RT logoThe Irish government has asked the ECHR to reexamine the 1978 verdict of the Hooded Men Case. The Northern Irishmen involved seek justice after a new set of previously classified documents point to torture by the UK government in the high-profile case.

The case in question involves torture allegations brought by 14 suspects who said they were subjected to suffering during their detention without trial in 1971 at the Ballykelly British Army Base in County Londonderry.

Liam Shannon, one of the protagonists in the Hooded Men Case, told RT’s ‘In the Now’ that his nightmare began on August 9, 1971, when “hundreds of Catholic men” were arrested by the British Army and taken to detention centers all over Belfast, Northern Ireland, at the height of the troubles there.

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