JUN 12 SIT EC y POL
ZERO HEDGE
"New
Silk Road" Part 3: Challenges, Rivalries, & Prospects For Success. by
Robert Berke via OilPrice.com,. Submitted
by Tyler Durden
on 06/12/2015
In
Part 1 of “The New Silk Road,” we examined the China’s plan for
rebuilding the silk road, stretching from Europe to Asia. In
Part 2, we looked at currently proposed projects, and what could stall
and hamper progress. In Part 3, we examine the geopolitical rivalries,
prospects for success, and investment implications.
http://www.zerohedge.com/news/2015-06-12/new-silk-road-part-3-challenges-rivalries-prospects-success
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You're
Fired – Now Train Your Much Cheaper Foreign Replacement. Submitted
by Tyler Durden
on 06/12/2015
The U.S. middle class is being systematically ripped to
shreds, and most Americans are showing very little alarm about this. How
much damage has to be done before people will finally start waking up?
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Geopolitical
Risks Are Climbing: Interstate Conflict Is Highest Risk In 2015. Submitted
by Tyler Durden on 06/12/2015
Every year, the World Economic Forum publishes an annual
report on global risks that covers the factors and underlying drivers that
could most likely disrupt global economic activity. Most of the time over the
last decade, the survey of 900 global experts finds the top risks to revolve
between potential economic events such as collapsing asset prices and
underemployment, or potential environmental challenges such as flooding or
water supply crises. See Graph
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7
Key Events That Are Going To Happen By The End Of September. Submitted
by Tyler Durden on 06/12/2015
Is something really big about to happen? SEE LIST OF EVENTS IN:
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American Dreaming - From G1 To Bilderberg. Submitted by Tyler Durden on 06/12/2015
What’s the connection between the G7 summit in Germany, President Putin’s visit to Italy, the
Bilderberg club meeting in Austria, and the TTIP – the US-EU free trade deal –
negotiations in Washington?
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Greenspan
Dashes Recovery Hopes: "Housing Stagnation Is Here To Stay". Submitted by Tyler
Durden on 06/12/2015
Ten years ago this week, Alan Greenspan made his infamous
comment about signs of 'froth' in the housing market. A decade later, CNNMoney's Cristina Alesci
sat down with the Former Federal Reserve Chairman and got his perspective on
real estate. It's stuck in a rut, or as he puts it, "we haven't come
out of the bottom [of the housing collapse], we are in a secular
stagnation."
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How
Companies Mask Runaway Inflation.
Submitted by Tyler Durden on 06/12/2015
Do you feel like you’re
running out of pepper more often these days? Have you noticed that Slim Jims
have gotten shorter? Rest assured it is not your imagination, it is simply a
symptom of corporate America attempting to hide runaway inflation by employing
"slack fill."
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House
Kills Fast-Track Of Obamatrade After Pelosi-Led Democrat Rebellion. Submitted by Tyler
Durden on 06/12/2015
And just like that,
President Obama's fast track of his "great job creation" bill is
defeated in a 126-302 procedural vote which stumbled over what is known as the
Trade Adjustment Assistance. Following Pelosi's comments that "its defeat
is the only way we will be able to slow down fast track," and "people
would rather have a job than assistance", the defeat of a measure to
provide aid to workers displaced by trade deals means the fast-tracking of the
TPP is done (for now).
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US
Government Admits 2nd "Chinese" Cyberhack Exposed Military Intel. Submitted by Tyler
Durden on 06/12/2015
In what Rep Mike
Rogers called "the mother of all spear-phishing attacks," AP
reports a second cyberattack linked to China appears to have gained access
to the sensitive background information submitted by intelligence and
military personnel for security clearances, according to several U.S.
officials. Coming on the same day as the US Senate failed to pass a
cyber-security shield bill and China's urhging US to reduce military activities
in The South China Sea, 'anonymous' official sources noted this second
cyberbreach of federal records could dramatically compound the potential
damage. The question now is twofold: a) is this war? and b) how does US
respond?
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One
Week After "Massive" Outflow, Greek Depositors Yank Another €600
Million From Local Banks. Submitted
by Tyler Durden on 06/12/2015
Today, following yet
another diplomatic snafu when yesterday the IMF announced unexpectedly that it
had cut off negotiations on with an intransigent Greek delegation, which hardly
restored depositor confidence in their local banks (hit by the double whammy of
yet another S&P downgrade) Greek media newsit.gr
reports that the relentless bank run once again surged and that as of 3:30
pm, another €600 million or more were withdrawn from local banks by locals
"who fear that something might happen over the weekend."
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The
Front-Runners In Fusion Energy.
Submitted by Tyler Durden on 06/12/2015
Fusion power has been something of a holy grail in the
energy field for decades. The idea
of harnessing the same energy that powers the sun naturally excites many. At
the same time, despite decades of research, fusion energy has yet to come close
to being a reality. Still, even today billions of dollars continues to be
poured into fusion research at research labs around the world. And in the
last decade, there has been a proliferation of
interest in fusion power from commercial sources. The largest company doing
work in fusion power is probably Lockheed
Martin. Lockheed claims that it will have a prototype reactor in a just
a few years’ time and that a commercial product could be coming within a
decade.
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Fact
Or Fiction: Obama Not Ruling Out U.S. Military Action In Congress. Submitted by Tyler
Durden on 06/12/2015
Following years of
continued fighting and disorder in the troubled region, President Barack Obama
revealed today that he has not ruled out taking immediate and decisive
military action in the United States Congress. As conditions worsen by the
day, the president confirmed to reporters that he and his military advisors are
currently evaluating the merits of a military option, suggesting that his
administration has left open the possibility of toppling the hostile,
unpredictable leadership currently reigning over the legislative assembly and
restoring order to the Capitol building. "We cannot stand idly by
and allow this senseless mayhem to continue,” the president continued.
[ La trampita de los neocons… don’t step on it.
Military actions will add one mere
stup.. to OB record]
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The
Warren Buffet Economy, Part 3: Why Its Days Are Numbered. Submitted by Tyler
Durden on 06/12/2015
During the last 27
years the financial system has ballooned dramatically while the US economy has
slowed to a crawl - a divergent trend that has intensified with the passage of
time. While the rationale for monetary central planning is bogus, the
model on which state intervention is based is even more invalid.
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Stop
Printing Money For The Banks, Hand Out Cash To The People Instead, Citi Tells
Australia. Submitted by Tyler
Durden on 06/12/2015
"Fiscal
stimulus to households was successful during the financial crisis. Cash
payments to households of around 1% of GDP (half of the size deployed during
the GFC) could help lift economic growth close to trend, particularly if the
accompanying political message was “confidence enhancing." – Citi
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USD
Index Flash Crash Sparks EUR Surge. Submitted by Tyler Durden on 06/12/2015
Another day, another flash crash in the USD Index. As the Sept 2015 USD Index Futures contract
suddenly crashed instantly, so EURUSD surged (and TSY yields tumbled)... something
broke...
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Grexit
Contagion Uncontained - European Peripheral Bond Risk Is Soaring. Submitted by Tyler
Durden on 06/12/2015
While talking heads
have proclaimed any Grexit contagion will be contained... it appears they are
wrong (surprise!). The last 2 days have seen sovereign bond spreads soar
25-35bps for Spain, Portugal and Italy. On the yield side, Spain 10Y
spread to Bunds is at its highest since August 2014 and Portugal at its
highest since Feb 2015.
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How
The Report That Europe Is Formally Discussing A Greek Default Shook Markets. Submitted by Tyler
Durden on 06/12/2015
"Senior EU officials have formally discussed for the
first time a possible Greek debt default as negotiations between Athens and its creditors have stalled ahead of
an end-month repayment deadline," Reuters reports. Or, translated from
political correctness into the truth: "EU officials have stopped
pretending that no one has discussed a Greek default."
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Macedonia
Central Bank Blocks Greek Bank Withdrawals "In Case Of Grexit". Submitted by Tyler
Durden on 06/12/2015
The bank runs (and
capital controls) begin. Macedonia Central Bank Governor Bogov states:
*GREEK BANKS IN MACEDONIA CAN’T WITHDRAW CASH, MACEDONIAN
BANKS PROTECTED IN CASE OF GREXIT: BOGOV
How long before the
rest of Europe follows suit and a bank holiday is declared Monday to
"Cyprus" depositors?
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The Fed Is Funneling The Investing Herd Off A Cliff. by Charles Hugh-Smith of OfTwoMinds blog. Submitted by Tyler Durden on 06/12/2015
What happens to price in a bidless market? It goes off a
cliff.
As you probably know by now, it turns out lemmings didn't
voluntarily commit mass suicide: they were driven off the cliff by those in
charge. Lemming Suicide Myth: Disney Film Faked Bogus Behavior.
Investors in stocks, bonds and real estate are being
herded off the cliff by the Federal Reserve. The name of the game in
the New Normal is to force investors large and small
into risk assets. When the risk assets blow
up, the herd plunges headlong over the cliff en masse.
[ EL SUICIDIO EN MASA
es un culto no profano pues lo usaron y usan todas las religiones del mundo; tampoco pacifista porque lo usaron y usan
todos los ejércitos del globo; menos anti-liberal porque -como vemos hoy- lo
usan los jefes de las mafias neoliberales quienes cultivan a escala sideral -con
el control de la media- amores de todo tipo .. entre ellos el amor por la obesidad y las papas fritas como ayer
lo fue por el tabaco .. el truco está en la mentira y el fraude con el que se avala el suicidio
colectivo … decirle a un jihadista que su muerte agrada a Dios.. es tan estúpido como decirle a los jóvenes que
la guerra es un honor al servicio de la nación y el Estado … en ambos casos se
oculta a los beneficiarios “secretos” de ese culto ]
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Greece
Refuses To Blink; EU Says Noncompliance "Not An Option". Submitted
by Tyler Durden on 06/12/2015
On the heels of what appeared to be an ultimatum from EU
creditors, Greece remains defiant on pension cuts and a VAT hike, testing the
troika's resolve as the countdown to the next maybe-deadline continues. Meanwhile,
Germany warns that Grexit could embolden EU "separatist" movements
and Dijsselbloem reminds Tsipras that noncompliance isn't an option.
[ Que se vayan los griegos no es buen negocio para la troika …
que se queden lo es… solo que tienen que
inventar un cuento oficial para un “salvataje secreto y con zero-debt” … lo que
supone silenciar las amenazas compradas y risitas fingidas de donia Merkel … he
allí el problema de la troika .. no se trata de sacarlos a los griegos, sino
sacarla a la Merkel o cambiarle su discurso, conservando su risita ]
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Submitted by Tyler
Durden on 06/12/2015 - 07:44
- Razor-edge U.S. Congress vote to decide fate of Obama Pacific trade pact (Reuters)
- EU Readies for Default as Tsipras Drives Greek Finances to Brink (BBG)
- Greece Can’t Plan a Barbecue, Let Alone a Currency, Nielsen Says (BBG)
- IMF quits Greece talks amid ‘air of unreality’ as deal unravels (FT)
- Greece Counts Cost of One Man's Gamble (BBG)
- Merkel urges Greece and creditors to keep pushing for deal (Reuters)
- Fearful ECB starts countdown on Greek funding lifeline (Reuters)
- Greek stocks suffer further pummelling (FT)
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Dominique
Strauss-Kahn Acquitted Of "Aggravated Pimping", Just a
"Libertine Who Enjoys Group Sex" Submitted by Tyler
Durden on 06/12/2015
Moments ago, the troubled former head of the IMF whose reign
at the top of the international bailout organization ended dramatically after
an alleged 2011 rape scandal in a NYC hotel the charges for which were later dropped but not before terminating his
employment at the IMF, his marriage and his political career. Dominique
Strauss-Kahn finally got some good news when
a French court
cleared him of "aggravated
pimping" charges.
[ Sin duda el pueblo
frances fue vejado de la forma mas nasty y artera en el caso Dominique
Strauss-Kahn .. lo hicieron “al estilo americano”, pero LO QUE ES BUENO EN
AMERICA YA NO LO ES EN EL MUNDO ENTERO. … Francia se esta zafando de la intromisión
cultural americana … ellos jamas se habrían atrevido a juzgar a Juana de Arco
por su denudes ni su pasado .. usar el sexo y las practicas sexuales para
destruir el mensaje político de un personaje es etica hipócrita y hueca …solo
valida en el US , no en Francia .. solo en esa moral con dogmas mediavales y atavíos
pestilentes de reyes , reinas y califas cabe
la ridiculez del sexo como criterio ético … Todo lo que huele a maldad, destrucción
y farsa es de esperarse de los bufones
del US y el UK en el poder .. El mundo está harto de los teatros y bufonadas del colapso imperial ]
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Markets
Twist And Turn On Every Headline In The Endless Greek Tragedy Submitted by Tyler
Durden on 06/12/2015
For a sense of what is driving sentiment this morning look
no further than the Athens stock market which exploded higher yesterday on a
Bloomberg story based on "two sources" that Germany was willing to
compromise, only to close just as the IMF pulled a classis bad cop and
announced it was halting work on Greece, and before further
news from Bild that Germany was preparing for a Greek default while Europe
had given Greece 24 hours to submit a final, workable proposal. As a result, it
tumbled promptly at the open even as optimism persists and since the opening
plunge, Greek stocks have continued to climb and are now back to yesterday's
euphoric opening levels.
[ This has nothing to do with Greek Tragedy … this has to do with Troika & Ms
Merkel tragedy ]
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FUTURE FAST FORWARD
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WASHINGTON BLOG
The
Heroic Anti-TPP Action by Alan B, Morrison — and More to Come. Posted
on June 12, 2015 by Eric Zuesse.
On June 10th, Alan B. Morrison, one of America’s leading
Constitutional lawyers, sent a letter to all members of the U.S. House of
Representatives, explaining why U.S. President Barack Obama’s proposed Trans
Pacific Partnership (TPP) would violate the U.S. Constitution.
The striking headline above his letter is “The
Investor-State Dispute Settlement Provisions in the
Trans-Pacific Partnership Agreement Violate Article III
of the United States Constitution.”
He explains, at the start:
“I am writing this letter because I
believe that the creation of private arbitral tribunals to decide
whether otherwise valid federal, state, and local laws are
inconsistent with the investor protection provisions of the TPP improperly
removes a core judicial function from the federal courts and therefore
violates Article III of the Constitution.”
He then emphasizes that, “my
objection is that our Constitution does not permit disputes that, in practical
effect, challenge the legality under the TPP of federal, state, or local
laws of the United States, to be assigned to private parties for their
exclusive resolution.”
As a career lawyer, who stands far more to benefit by
endorsing — rather than by criticizing (as he strongly does here) — Obama’s
stunningly pro-mega-corporate ‘trade’ deals (TPP, TTIP, & TISA, all of
which actually present the very same Constitutional issues that TPP does and
that Morrison is here attacking), Morrison is nothing less than heroic by his
pointing out how horrific these deals actually would be.
… I shall argue that Fast Track Trade Promotion Authority,
which is essential in order for any ‘trade’ deals like this to be able to stand
even a chance of being passed by Congress, is, itself, blatantly
unConstitutional, and has been so, ever since it was passed into law in 1974
and never yet been reviewed by the U.S. Supreme Court as to its
Constitutionality (which it actually lacks).
So, if any of Obama’s three mega-corporate international
‘trade’ deals (TPP, TTIP, & TISA) does become passed into U.S. law,
then the Constitutional challenges, which should actually have started in 1974,
will finally begin, and these will be the issues that ultimately decide the
matter. … Regardless of how the Supreme Court rules by then, the ruling will
create enormous damages, because, even if the Court upholds the Constitution,
then the consequent overthrowing of NAFTA etc. by the U.S. as a signatory
nation to an unConstitutional agreement, will be severely attacked by other
signatory nations.
My article tomorrow will lay out the case that has never
been presented to the Supreme Court, because that Court did not want to lead
the country, and also because no one in either the Executive or the Legislative
branch was willing to do what has been his and her professional duty, to uphold
our Constitution — so, this entire issue, of the Constitutionality of such
‘trade’ deals, has simply been ignored, until now.
[ De forma que hemos
impuesto tratados comerciales en el Sur Latino
-Caso NAFTA- que son ilegales o anti-constitucionales según los propios
estándares Americanos. .. Con Monsanto
desmantelamos la agricultura básica de Mx .. los obligamos a consumir harina de
maíz americano .. maíz diseñado para alimentar cerdos .. pura coronta, y poco
grano … para luego erradicar a los agricultores de sus tierras y convertirlos
en migrantes hacia el norte … Todo esto con una ley ilegal en el propio United
States … por supuesto no tiene sentido
pedir reparación al daño ocurrido ayer … pero hay algo que si pueden hacer los
Mx.. PREPARARSE para rescatar las tierras que les fueron arrebatadas a Mx anti-ayer
.. hace casi 2 siglos atrás ]
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3-minute
video: Tell the truth now, or be ridiculed/ridiculous after ‘Emperor’s New
Clothes’ trance breaks. Posted on June 12, 2015 by Carl Herman
3-minute video, Still You Believe by Osama and the
Bin Ladens:
The Emperor’s New Clothes is the
story of current wars and central “monetary” policy: “official” stories easily
and completely refuted by anyone caring to look at the facts. All three are
tragic-comedies because even children see the truth with just a few moments
of attention.
This was the theme of
a conference paper; full professional
explanation and documentation here.
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There’s
Bipartisan Hatred Towards TPP … But Corrupt Congress Trying to Pass It, Anyway. Posted on June 12, 2015 by WashingtonsBlog
The hatred of the
Trans Pacific Partnership is widespread and bipartisan.
Here’s the front page
of conservative Drudge:
And the front page of liberal Huff Post:
Unfortunately, neither
Democratic or Republican Congress people represent the interests of
the American people. Indeed, America is no longer a democracy or republic
… it’s officially an oligarchy. And
the allowance of unlimited campaign spending allows the oligarchs –
even foreign ones – to purchase politicians more
directly than ever.
So TPP will pass unless we raise hell.
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The
Last Jeb Killed for Slavery, The Last Bush Killed for Oil. Posted on June 12, 2015 by DavidSwanson
Presidential elections should be limited to as short a time
period as possible and are generally the biggest drain and distraction going. I
have two excuses for looking into Jeb Bush. One is that I’ve been collecting
the evidence that Hillary
cannot be a lesser evil than any living human, and campaigning for No More Bushes or Clintons.
The other is that I only read Jeb Bush: Outed because I’ve long liked
the author, Stephen Goldstein.
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Monsanto: German companies
stop glyphosate sales . German Economic News | Published:
09:06:15 http://deutsche-wirtschafts-nachrichten.de/2015/06/12/monsanto-deutsche-unternehmen-stoppen-glyphosat-verkauf/
According to Swiss supermarkets, German companies
have announced halting sales of Monsanto’s glyphosate herbicide.
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Grandfathers
in WW1, fathers in WW2; we’ll have arrests of today’s War Criminals or WW3 Posted on June 11, 2015 by Carl Herman
VIDEO URL: https://youtu.be/0MgZgKgl7N8
At least since the Roman Empire, Earth has been
overrun by .01% literal psychopathic oligarchs looting in the
lies of “self-defense”:
“It is no use trying to escape their arrogance by submission or
good behavior. Robbers of the world, having by universal plunder exhausted the
land, their drive is greed. If the enemy be rich, they are rapacious; if poor,
they lust for domination. Neither rule of the East nor West can satisfy them.
Alone among men, they crave with equal eagerness poverty and riches. To
plunder, slaughter, seize with false pretenses, they give the lying name
‘empire.’ And where nothing remains but a desert, they call that
‘peace.’ ” – Tacitus, The Agricola and the Germania (analyses here, here)
After each world
war, the US led creation of treaties to make wars illegal: the
Kellogg-Briand Pact and UN Charter make armed attacks on
another nation unlawful unless in response to armed attack by that
nation’s government. Under Article Six of the
US Constitution, a treaty is our “supreme Law of the Land;” meaning
that no order can compromise a US active treaty.
These treaties are therefore US Constitutional Law, a requirement
of the US Constitution, demanding US military to defend from their Oath of Enlistment: “defend
the Constitution against all enemies, foreign and domestic.” Basic
training includes instruction to
refuse unlawful orders, with officers authorized to arrest those who
issue them. The most important unlawful order to recognize is to deploy for
OBVIOUS unlawful war.
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INFORMATION CLEARING HOUSE
“Do What We Say, - Or We Will destroy You
Like We Did Libya, Iraq, Syria et al.”
By The Saker & Michael Hudson
America can no longer afford a land war. No democratic country can. So the only military option that is practically available is to bomb and destroy.
By The Saker & Michael Hudson
America can no longer afford a land war. No democratic country can. So the only military option that is practically available is to bomb and destroy.
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Bin Laden’s Death and the Fairy Tale of the
War on Terror
By Peter Bloom
Extremism is driven by the political and material inequality and underdevelopment that characterize both present-day imperialism and corporate globalization.
By Peter Bloom
Extremism is driven by the political and material inequality and underdevelopment that characterize both present-day imperialism and corporate globalization.
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Lies the Government Is Telling You
By Andrew P. Napolitano
This is an insidious and unconstitutional bait and switch.
By Andrew P. Napolitano
This is an insidious and unconstitutional bait and switch.
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Varoufakis: Greece's Creditors Have Turned
Negotiations Into a War
By Elisa Simantke, Harald Schumann
"It is not true that they made concessions and we made concessions and that there is a deadlock. They made no concessions."
By Elisa Simantke, Harald Schumann
"It is not true that they made concessions and we made concessions and that there is a deadlock. They made no concessions."
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Pillage and Class Polarization: The Rise of
“Criminal Capitalism”
By James Petras
Systematic large-scale financial criminality is a major reason why US employees are working longer and receiving less.
By James Petras
Systematic large-scale financial criminality is a major reason why US employees are working longer and receiving less.
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When I Lost
My Hands Making Flatscreens I Can't Afford, Nobody Would Help Me
By Rosa Moreno
Injured workers like me don’t ask for much of the billions these companies make off of our work. We just want enough to take care of our families.
By Rosa Moreno
Injured workers like me don’t ask for much of the billions these companies make off of our work. We just want enough to take care of our families.
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GLOBAL RESEARCH
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NOTICIAS IN SPANISH
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Venezuela.
“Necesitamos un gobierno que al menos esté
dispuesto a entender que él no es la revolución”. Salvador López Arnal. Entrevista a Roland Denis sobre la situación
política venezolana (y III)
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Chile. Tomar el cielo por asalto. Ángela Gallardo Suárez. -Los secundarios, la defensa de las tomas y los
desalojos
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Cuba Cuántos partidos debe haber en Cuba para
semantizarla como “democracia potable”? . Víctor Andrés Gómez
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PRESS TV
Yemen
needs lasting ceasefire: Aid groups. Fri Jun 12, 2015 A group of 13 aid
agencies has called for a permanent ceasefire in Yemen to save the lives of
millions of people.
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House
fails to pass Obama’s trade bill. Fri Jun 12, 2015 In a major blow to
the Obama administration, the US House of Representatives blocks a trade bill.
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S&P
cuts UK economy outlook over Brexit. Fri Jun 12, 2015 Standard and
Poor's cuts its outlook for the UK economy amid fears of a British exit from
the EU.
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Yemen
rockets hit southwestern S Arabia. Fri Jun 12, 2015 The Yemeni army
launches tens of rockets towards Saudi Arabia's southwestern cities of Jizan
and Najran.
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US
cop kills black man in front of kids . Fri Jun 12, 2015 A Florida
police officer fatally shot a homeless black man at a park in front of dozens
of children on Thursday.
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Syria
jets target terrorist hideouts in Idlib. Fri Jun 12, 2015 Syrian
fighter jets pound terrorist hideouts across the northwestern province of
Idlib.
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Iran
urges security for venues of N-talks. Fri Jun 12, 2015 Iran expresses
concern about recent reports that the venues of the talks between Iran and the
P5+1 have been spied on.
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'US
troops in Iraq to strengthen ISIL'. Fri Jun 12, 2015 US military
involvement in Iraq has led to increasing anti-American sentiment in the region
and laid the foundation for the rise of terrorist groups, says an analyst.
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