Japan to go broke by October?
TOKYO – Japan’s government could run out of money by the end of October, halting all state spending including salaries, pensions and unemployment benefits, because of a standoff in parliament that has blocked a...
Category: Currency
UN calls for ‘billionaires tax’ to help world’s poor
The United Nations on Thursday called for a tax on billionaires to help raise more than $400 billion a year for poor countries. An annual lump sum payment by the super-rich is one of...
Devaluing the Pound Isn’t a Solution, It’s Default
Greece’s inability to devalue its currency is often cited as a reason for the extreme economic pain its citizens are enduring, and many commentators say the country should return to the drachma to restore...
Trio of top central banks leap into action in sign of alarm
(Reuters) – China, Europe and Britain loosened monetary policy in the space of less than an hour on Thursday, signaling a growing level of alarm about the world economy, although suggestions of coordinated action were...
Argentina signs deals with China’s military
BUENOS AIRES, Argentina — Argentina’s defense minister is visiting China, signing military agreements and praising the weapons on display during a six-day tour. Defense minister Arturo Puricelli says cooperation agreements that he signed with Chinese Defense...
China ‘stockpiling rare earths for strategic reserves’
China has started stockpiling rare earths for strategic reserves, a state-backed newspaper said, in a move which may raise more worries over Beijing’s control of the coveted resources. China has already started the purchase –...
Judge: Religious groups may use empty N.Y. schools
NEW YORK – Of all the serious problems facing New York City’s public schools – low test scores, chronic budget deficits,predatory teachers, a self-serving teachers union – you’d think city officials would welcome a...
France: Sarkozy sites searched in campaign finance probe
(CBS/AP) PARIS – French investigators searched former President Nicolas Sarkozy’s home and office on Tuesday as part of a probe into suspected illegal financing of his 2007 presidential campaign by the L’Oreal cosmetics heiress,...
Google Shopping Censors All Gun, Ammo & Accessories Results
Google sent out an email to Google Adwords customers saying that they are going to pull all Google Shopping results for guns, ammunition, gun optics and gun accessories (Shopping results, not general search results). HamLund...
Calderon passes Mexican drug war chaos to successor
(Reuters) – Gunmen killed three policemen near a fast-food court at Mexico City’s international airport as panicked travelers hit the deck. Hours later the government says the killers are fellow officers on a drug...
