(CNN) – That honeybees die is not new. And that beekeepers accept that on average 30% or more of their livestock will vanish each spring isn’t new either. But when more than half of all the honeybees in this country die almost at once – that is new. And that’s what happened this spring. Scientists have given this disaster the catchy, all-inclusive name Colony… Read more →
(AFP Photo / Patrick Baz) One hundred and thirty-two companies reportedly had inside knowledge of Cyprus’ impending levy tax as they withdrew deposits worth US$916 million in the run-up to the bailout deal. The companies withdrew their savings in the two week period (between March 1 to March 15) leading up to the rescue deal that enforced heavy losses on… Read more →
Photo: David Paul Morris | Bloomberg | Getty Images A judge accepted the California city of Stockton’s bankruptcy application on Monday, making it the most populous city in the nation to enter bankruptcy. U.S. Bankruptcy Judge Christopher Klein said the bankruptcy declaration was needed to allow the city to continue to provide basic services. “It’s apparent to me the city would… Read more →
Photo: Breitbart A new financial report by California State Auditor and the Bureau of State Audits shows that California is heading down the tubes, and fast—it now has a negative net worth of $127.2 billion. It’s actually worse than that; although the report counted the state’s long-term obligations at $167.9 billion, that doesn’t count unfunded liabilities for state employees’ future pensions or… Read more →
The Russian government says it will not compensate Russian savers who have lost money in the Cyprus banking crisis. Russians are believed to have billions of euros in Cypriot accounts and deposits above 100,000 euros (£84,300; $128,200) in the two biggest banks could be reduced by as much as 60%. Such losses would be “a great shame”, First Deputy PM… Read more →
Photo: (AP) CHICAGO – Mexican drug cartels whose operatives once rarely ventured beyond the U.S. border are dispatching some of their most trusted agents to live and work deep inside the United States — an emboldened presence that experts believe is meant to tighten their grip on the world’s most lucrative narcotics market and maximize profits. If left unchecked, authorities say,… Read more →
Teachers, workers and activists hope to pressure Chicago to abandon plans to close 61 schools
WASHINGTON, March 27—During the debate over the Senate budget resolution, Sen. Sessions offered an amendment that would have prevented illegal immigrants from receiving free and taxpayer-funded benefits under either Medicaid or the President’s health law during if given legal status through an amnesty bill. The Senate’s Democrat majority was unanimous in opposing the amendment, and it failed by a vote… Read more →
Photo: Alexander Joe/ AFP/ Getty Images Leaders of the five BRICS nations plan to create a development bank in a direct challenge to the World Bank that they accuse of Western bias. The bank would use $50 billion of seed capital shared equally between Brazil, Russia, India, China and South Africa but would undoubtedly be dominated by China. It would be the… Read more →
Photo: REUTERS/Bogdan Cristel (Reuters) – Cypriots lined up calmly at banks as they reopened on Thursday under tight controls imposed on transactions to prevent a run on deposits after the government was forced to accept a stringent EU rescue package to avert bankruptcy. Banks were shut almost two weeks ago as the government negotiated a 10 billion euro ($13 billion) international bailout, the… Read more →
