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Keyword: imf

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  • Stocks plunge 1% amid overseas decline; Dow negative for the year

    04/17/2015 11:52:34 AM PDT · by Citizen Zed · 5 replies
    yahoo finance | Reuters | cnbc ^ | 4-17-2015 | Patti Domm and Peter Schacknow
    U.S. stocks traded sharply lower on Friday, following a global decline in equities on renewed Greece concerns and new Chinese trading regulations. The major averages had their worst day since March 25. The Dow Jones industrial average plunged more than 350 points to trade negative for the year, with American Express (AXP) and 3M (MMM) among the greatest decliners. "I think what's more market moving (than domestic data) is Europe and concerns about Greece, and the put trading rules (in) China," Jim Meyer, chief investment officer at Tower Bridge Advisors. Meyer said the negative reaction in equities and futures was...
  • IMF: Risks rise as dollar hits emerging markets

    04/15/2015 11:16:57 AM PDT · by Citizen Zed · 1 replies
    The Salt Lake Tribune ^ | 4-15-2015 | Andrew Mayeda Bloomberg News
    Risks to the global financial system are rising, as emerging markets face a squeeze from the strong U.S. dollar and weak commodity prices, the IMF said. While the strengthening greenback and lower oil prices are boosting the world recovery, the changing landscape is putting pressure on countries and firms that export crude and other commodities, the International Monetary Fund said in its semiannual Global Financial Stability Report released Wednesday. "Further rapid dollar appreciation and an abrupt rise in U.S. interest rates, coupled with a rise in geopolitical risks, could put added pressure on emerging-market currencies and asset markets," the IMF...
  • Greece prepares for debt default if talks with creditors fail

    04/14/2015 6:22:37 AM PDT · by mykroar · 7 replies
    Financial Times ^ | 4/13/15 | Kerin Hope and Tony Barber
    Greece is preparing to take the dramatic step of declaring a debt default unless it can reach a deal with its international creditors by the end of April, according to people briefed on the radical leftist government’s thinking. The government, which is rapidly running out of funds to pay public sector salaries and state pensions, has decided to withhold €2.5bn of payments due to the International Monetary Fund in May and June if no agreement is struck, they said. High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste...
  • Greece demands 279bn(Euros) from Germany in Nazi War Reparations

    04/07/2015 10:20:23 AM PDT · by tcrlaf · 44 replies
    UK Telegraph ^ | 4-7-2015 | Mehreen Khan
    Greece has demanded nearly 279bn in reparations from Germany, more than the value of its current bail-out, as the cash-strapped country continues to pursue compensation for crimes carried out by the Third Reich. A parliamentary committee established by Prime Minister Alexis Tsipras put an official number on the claim, which includes the cost of a forced Nazi loan made by the Bank of Greece and the return of archaeological treasures. Greece suffered a brutal occupation at the hands of the Third Reich in 1941, with over 40,000 people starving to death in Athens alone. SNIP--- Berlin moved to quickly to...
  • Endless Supply of Rabbits? Greece to Make April 9 IMF Repayment;

    04/05/2015 11:26:57 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | April 5, 2015 | Mike Shedlock
    Greece to Make April 9 IMF Repayment April 9th was one of the critical dates by which Greece was said to be out of cash. By now most expect these kinds of deadlines to come and go in belief the eurozone hat has an endless supply of rabbits. Sure enough, Reuters reports Greece Says Ready to Make IMF Payment on April 9 Greece will repay a loan tranche to the IMF on time on April 9, its deputy finance minister said on Friday, seeking to quell fears of default after a flurry of contradictory statements on the issue in recent...
  • Greece Said To Prepare "Grexit", Drachma, Bank Nationalization Plans

    04/04/2015 12:47:25 AM PDT · by Crapolla · 19 replies
    zero hedge ^ | 04/03/2015 | Tyler Durden
    On Thursday morning, we took an in-depth look at what the progression of events is likely to be in the event a cash-strapped, negotiation-weary Greece finally, for lack of will or for lack of options, fails to scrape together enough cash to pay its creditors. As BofAML notes, a missed IMF payment and/or failure to make interest payments to either the ECB or private creditors over the coming weeks would likely lead to default within 30 days, at which point "mark-to-fantasy" becomes mark-to-market and then "mark-to-default" in very short order. Although Greek officials came out midday with a categorical denial...
  • Greece draws up drachma plans, prepares to miss IMF payment

    04/03/2015 4:41:02 AM PDT · by C19fan · 22 replies
    UK Telegraph ^ | April 2, 2015 | Ambrose Evans-Pritchard, & Mehreen Khan
    Greece is drawing up drastic plans to nationalise the country's banking system and introduce a parallel currency to pay bills unless the eurozone takes steps to defuse the simmering crisis and soften its demands. Sources close to the ruling Syriza party said the government is determined to keep public services running and pay pensions as funds run critically low. It may be forced to take the unprecedented step of missing a payment to the International Monetary Fund next week.
  • Repeal, Don't Reform the IMF!

    03/30/2015 4:38:19 PM PDT · by Kaslin · 4 replies
    Townhall.com ^ | March 30, 2015 | Ron Paul
    A responsible financial institution would not extend a new loan of between $17 and $40 billion to a borrower already struggling to pay back an existing multi-billion dollar loan. Yet that is just what the International Monetary Fund (IMF) did last month when it extended a new loan to the government of Ukraine. This new loan may not make much economic sense, but propping up the existing Ukrainian government serves the foreign policy agenda of the U.S. government. ?? Since the IMF receives most of its funding from the United States, it is hardly surprising that it would tailor...
  • Power from the People:The decline in unionization in recent decades has fed the rise in incomes at t

    Power from the People FINANCE & DEVELOPMENT, March 2015, Vol. 52, No. 1 Florence Jaumotte and Carolina Osorio Buitron The decline in unionization in recent decades has fed the rise in incomes at the topInequality has risen in many advanced economies since the 1980s, largely because of the concentration of incomes at the top of the distribution. Measures of inequality have increased substantially, but the most striking development is the large and continuous increase in the share of total income garnered by the 10 percent of the population that earns the most—which is only partially captured by the more traditional...
  • The AIIB Debacle: What Washington Should Do Now (China)

    03/22/2015 7:29:16 AM PDT · by mac_truck · 3 replies
    The Diplomat ^ | 3/21/2015 | Elizabeth Economy
    U.S. strategy on Chinas new bank has been flawed from the start. Time to step back and regroup. It is time for Washington to take a step back and regroup. Its Asian Infrastructure Investment Bank (AIIB) strategy, ill-considered from the get-go, has now taken a major hit with the announcement this past week by the United Kingdom that it plans to join the Chinese-led AIIB. Washingtons concerns over the AIIB are well-established: the competition the AIIB poses to pre-existing development institutions such as the World Bank and Asian Development Bank; concern over the potential for weak environmental standards and social...
  • $100 Trillion American Economic Collapse with Jim Rickards

    12/11/2014 8:11:12 AM PST · by Ghost of SVR4 · 11 replies
    Youtube ^ | Oct 21, 2014 | Jim Rickards
    I don't know too much about Jim Rickards, just found this to be an interesting video about the overall economy and some tidbits about what our government agencies are up to. The video is a 45 minutes long interview of sorts and discussion. Just posting in the event other are interested.
  • Europe Has A Modest Proposal For Greece: "Don't Pay Wages For One Or Two Months"

    03/13/2015 10:24:02 AM PDT · by tcrlaf · 22 replies
    zerohedge ^ | 3-13-2015 | durden
    The Greek liquidity, pardon "cash flow" problems are so bad, not only Zero Hedge, but also Bloomberg has launched a daily maturity tracker of how much money Greece has to pay either to the IMF or to prefund T-Bill rollovers. This is what Bloomberg blasted out earlier today: Greece is preparing for another week of hurdles that ends with a ~EU2b repayment on March 20. Most economists say that it will be difficult for Greece to get past end of March without fresh EU funds. Heres a timeline of the most important events scheduled this week: Monday, March 16: Greece...
  • Currency Wars Continue As IMF Concedes End To Dollar Hegemony

    03/10/2015 9:07:39 AM PDT · by Olog-hai · 36 replies
    GoldCore ^ | March 9, 2015 | Mark OByrne
    Currency wars and the growing trend away from dollar dominance in international finance, particularly in emerging markets, was highlighted in an interesting CNBC article this morning entitled Is the Dollar Losing its Clout Among EMs? It refers to the deliberate and stated policy of de-dollarization around the world, the decline in the use of the dollar in international trade and as a reserve currency, and the emergence of the new BRICS bank. The article quotes best-selling author and Pentagon insider, Jim Rickards. Rickards says that the status of the dollar as a reserve currency is still solid despite its decline...
  • Pro-Abortion Population Controllers are Targeting Tanzania and Uganda

    12/29/2014 6:10:58 PM PST · by Morgana
    life news ^ | 12/29/14 | Stephen Phelan
    Only an hour ago we had been lamenting yet another incredibly bad road. Here in the Ugandan outback, it is as pointless to complain about the roads as it is to complain about politicians in America, but railing against the unchangeable can lighten the mood. But on the way out of a small village in the Bukedea region of Uganda, we didnt feel the bumps. That was when our teams defenses failed, and when the gravity of the assault on womenperpetrated by the champions of womens health and empowermentreally hit home. It may have been just me, but my guess...
  • Uganda president blames Western donors for country's woes

    05/03/2005 8:09:33 AM PDT · by motomosanto · 13 replies · 556+ views
    CNN ^ | May 2, 2005 | Reuters
    President Yoweri Museveni said in a statement that Uganda must become financially independent of donor nations that provide about half its budget but which he said are partly to blame for many if its problems. Museveni has often hit out at donors for giving "unsolicited" advice, and says that by exporting their bountiful raw materials for processing in the West, African nations are the real donors. "The raw materials that we have been donating to the Western countries must be turned into final products," he said in the statement, saying there were international markets for Ugandan coffee, cotton, cereals, beef,...
  • Strauss-Kahn Had Secret Flat In Paris To Hide Group Sex From Wife, Court Hears

    02/12/2015 10:02:13 PM PST · by Steelfish · 3 replies
    Guardian (UK) ^ | February 12, 2015 | Angelique Chrisafis
    Strauss-Kahn Had Secret Flat In Paris To Hide Group Sex From Wife, Court Hears Former IMF chief tells aggravated pimping trial apartment in upmarket Paris area was for discreet meetings with women Angelique Chrisafis 12 February 2015 Dominique Strauss-Kahn, the former head of the International Monetary Fund, has told a court how he rented a luxury flat in Paris under an acquaintances name because he was married and wanted somewhere discreet to meet women for group sex. Strauss-Kahn is on trial for alleged aggravated pimping aiding and abetting the prostitution of seven women and could be jailed for...
  • Greece says will not cooperate with troika or seek aid extension

    01/30/2015 11:48:58 AM PST · by tcrlaf · 16 replies
    cnbc ^ | 1-30-2015 | Reuters
    Greece's government will not cooperate with the EU and IMF mission bankrolling the country and will not seek an extension to the bailout program, its finance minister said on Friday. Jeroen Dijsselbloem, head of the euro zone finance ministers' group who is in Athens for talks with the new government, said the two sides would decide what would happen next before the program ends on Feb. 28.
  • Oil falls again as IMF cuts forecast; Iran hints at $25 oil

    01/20/2015 2:46:49 PM PST · by Berlin_Freeper · 24 replies
    reuters.com ^ | Jan 20, 2015 | Barani Krishnan
    Oil fell as much as 5 percent on Tuesday after the International Monetary Fund cut its 2015 global economic forecast and key producer Iran hinted prices could drop to $25 a barrel without supportive OPEC action.
  • China To Launch Yuan Swap Trading With Russian Rubles On Monday

    12/28/2014 12:24:02 PM PST · by opentalk · 6 replies
    zero hedge ^ | 12/26/14 | Tyler Durden
    The world was slow to wake up to the new reality in which China is now thede factoIMF sovereign backstop, as Zero Hedge described two weeks ago in "China Prepares To Bailout Russia" when we noted that a PBOC swap-line was meant to reduce the role of the US dollar if China and Russia need to help each other overcome a liquidity squeeze, something we first noted over two months ago in "China, Russia Sign CNY150 Billion Local-Currency Swap As Plunging Oil Prices Sting Putin."In fact, it was only this week that Bloomberg reported that "China Offers Russia Help With...
  • Putin Is Mentally Unhinged

    12/27/2014 6:12:17 AM PST · by Kaslin · 99 replies
    Townhall.com ^ | December 27, 2014 | Mark Nuckols
    In his annual year end press conference, Russian President Vladimir Putin showed beyond the shadow of a doubt that he is in fact mentally unhinged. For three hours, by turns he demonstrated signs of schizophrenic paranoia, pathological dishonesty, deep seated passive-aggressive tendencies, woeful ignorance of world affairs and economics, and delusional confidence in Russias future prospects. Putin evokes the national self-image of the Russian bear. Putins bear is a natural hunter contentedly chasing pigs and boars, but otherwise minding his own business in his own sovereign forest. But somebody wants this bear to have a makeover, and to give up...
  • Nuland: Toxic Cocktail Hitting Russia as State Dept. Preparing More Support for Ukraine

    12/27/2014 7:19:20 AM PST · by opentalk · 22 replies
    PJ Media ^ | December 23, 2014 | NICHOLAS BALLASY
    Victoria Nuland, U.S. secretary of state for European and Eurasian affairs, said the U.S. has been internally preparing more financial support to Ukraine.Senior IMF leadership was in Ukraine this week issuing a public validation of the reform program going forward but also confirming that the program agreed last year is going to need a significant adjustment that there is a fiscal hole to the tune of $10-15 billion, Nuland said at the American Enterprise Institute during a discussion examining the Ukrainian revolution one year later.We expect that the IMF and the World Bank will have to increase their support...
  • Russia: NATO expansion is biggest threat we face - warns Ukraine it would be "dangerous" to do so

    12/27/2014 2:05:01 AM PST · by Cincinatus' Wife · 34 replies
    The Hill ^ | December 26, 2014 | Jesse Byrnes
    Russia has adopted a new military doctrine, keeping North Atlantic Treaty Organization (NATO) expansion first among its list of primary external threats. The revised doctrine [PDF in Russian - 29 pages with 58 sections], signed by President Vladimir Putin on Friday, is comparable to a 2010 version, which also listed NATO expansion as a primary threat. Additions to the doctrine include a highlighting of the threat from "global strategic antiballistic missile systems" and a Russian goal to protect its interests in the Arctic region, according to Russian state-funded news organization RT. The doctrines adoption comes days after Ukraine took a...
  • Ukraine takes historic step toward NATO

    12/23/2014 8:39:40 AM PST · by KOZ. · 51 replies
    AFP via Yahoo ^ | 12/23/2014 | Dmitry Zaks
    Kiev (AFP) - Ukraine took a historic step toward NATO on Tuesday in a parliamentary vote that stoked Russia's anger ahead of talks on ending the ex-Soviet state's separatist war. Lawmakers in the government-controlled chamber overwhelmingly adopted a bill dropping Ukraine's non-aligned status -- a classification given to states such as Switzerland that refuse to join military alliances and thus play no part in wars. President Petro Poroshenko had vowed to put Ukraine under Western military protection after winning an election called in the wake of the February ouster in Kiev of a Moscow-backed president. "Ukraine's fight for its independence,...
  • Connecticut life insurance executive stabbed to death running near her home: cops (VIDEO)

    11/24/2014 11:08:41 AM PST · by george76 · 59 replies
    NEW YORK DAILY NEWS ^ | November 24, 2014 | JASON MOLINET
    A popular bike path became the scene of a gruesome murder late Thursday when a life insurance executive was killed while running near her Connecticut home. Melissa Millan, 54, a triathlete and mother of two, was found stabbed at about 8 p.m. in the Hartford suburb of Simsbury, Conn. Police have stepped up patrols of the bike path and scoured the area on Saturday, but no suspect has been named and the murder weapon has not been recovered, WFSB reported. Millan, a senior vice president who had been with MassMutual Financial Group since 2001, was transported to an area hospital,...
  • The Economic Endgame Explained

    11/12/2014 9:31:54 AM PST · by Jack Hydrazine · 18 replies
    PersonalLiberty.com ^ | 11NOV2014 | Brandon Smith
    Throughout history, in most cases of economic collapse the societies in question believed they were financially invincible just before their disastrous fall. Rarely does anyone see the edge of the cliff or even the bottom of the abyss before it has swallowed a nation whole. This lack of foresight, however, is usually not the fault of the public. It is, rather, a consequence caused by the manipulation of the fundamental information available to the public by governments and social gatekeepers. In the years leading up to the Great Depression, numerous mainstream experts and politicians were quick to discount the idea...
  • Ukraine, Russia, EU agree to natural gas supply deal (YOU get to pay for it!)

    10/30/2014 11:31:32 PM PDT · by tcrlaf · 57 replies
    Reuters ^ | 10-30-2014 | Alastair Macdonald and Philip Blenkinsop
    Ukraine, Russia and the European Union signed a deal on Thursday that will see Moscow resume vital supplies of gas to its ex-Soviet neighbor over the winter in return for payments funded in part by Kiev's Western creditors. After several failed rounds of talks in recent weeks as conflict rumbles on despite a ceasefire with pro-Russian rebels in eastern Ukraine, the accord also eases concerns that a new "gas war" could disrupt winter supplies if energy to EU states, notably through pipelines shut down across Ukraine since June. With overnight temperatures already nudging below freezing in Ukraine, European Commission President...
  • With world economy stuttering, governments urged to open purse

    10/10/2014 8:36:42 PM PDT · by 2ndDivisionVet · 17 replies
    GMA News / Reuters ^ | October 10, 2014 | Howard Schneider and Anna Yukhananov
    World economic leaders are being urged to rally around a plan to let government do what it does best - spend money - in an effort to buoy a global economy that remains slack and slowing. The effort comes as six years of crisis fighting have lapsed with little guarantee the world economy is on a stable footing. Germany is in danger of slipping into recession, China has slowed, and U.S. policymakers are concerned a fresh bout of global weakness will stymie the U.S. recovery as well. International Monetary Fund Managing Director Christine Lagarde issued a blunt call on Thursday...
  • I.M.F. Takes Aim at Wall Streets Pay System

    10/10/2014 8:00:21 AM PDT · by SeekAndFind · 7 replies
    New York Times ^ | 10/10/2014 | WILLIAM D. COHAN
    We dont like to concede that a primary cause of the financial crisis was a Wall Street compensation system that rewarded executives, bankers and traders for taking big risks with other peoples money without holding them the least bit accountable. And because we dont like to discuss such things in polite company, it is certainly unsurprising that six years later, not a single fundamental aspect of how Wall Street pays its top people has changed. The incentive system that handed out millions of dollars in bonuses to bankers and traders who packaged shoddy mortgages into securities and sold them as...
  • Eurozone in danger of repeating Japanese stagnation, IMF chief warns

    10/10/2014 6:07:07 AM PDT · by TigerLikesRooster · 10 replies
    euobserver ^ | 2014/10/10 | Benjamin Fox
    Eurozone in danger of repeating Japanese stagnation, IMF chief warns By Benjamin Fox BRUSSELS - International Monetary Fund boss Christine Lagarde has warned that the eurozone risks following Japan and falling into a prolonged cycle of recession and stagnation. Speaking on Thursday (9 October) ahead of the IMF's annual meeting in Washington DC, Lagarde said: We have also alerted to the risk of recession in the eurozone", putting the likelihood of a drop in output at "between 35-40%, which is not insignificant". We are not saying that the eurozone is heading towards recession, but we are saying that there is...
  • Weak and uneven: IMF cuts global growth forecast

    10/07/2014 7:55:32 AM PDT · by Dr. Thorne · 1 replies
    CNBC via Drudge ^ | 10/7/2014 | Katrina Bishop
    The International Monetary Fund (IMF) has downgraded its global growth forecast for both this year and next, as a divergence emerges between those economies that are recoveringand those that are not. The organization, which represents 188 countries, now expects world growth to come in at 3.3 percent in 2014, down 0.1 percent from its forecast in July. While in 2015, it expects growth of 3.8 percent, down 0.2 percent from earlier expectations.
  • Obama: Assad Shooting At American Planes Would Lead To His Overthrow

    09/14/2014 8:51:34 AM PDT · by GonzoII · 57 replies
    NYT/BI ^ | Sep. 14, 2014, 10:12 AM | Michael B Kelley
    President Barack Obama would seek to overthrow the regime of Bashar al-Assad if American planes were attacked upon entering Syrian air space, Peter Baker of The New York Times reports. If Assad's troops fired at American planes entering Syrian airspace, "Obama said he would order American forces to wipe out Syrias air defense system," Baker reports. "He went on to say that such an action by Mr. Assad would lead to his overthrow, according to one account."
  • US, EU Ready New Sanctions to Stop Oil Exploration in Russia

    09/11/2014 7:46:40 AM PDT · by thackney · 5 replies
    Reuters via Rig Zone ^ | September 11, 2014 | Timothy Gardner
    The United States and European Union plan to stop billions of dollars in oil exploration in Russia by the world's largest energy companies including Exxon Mobil Corp and BP Plc, U.S. government sources said. The planned sanctions over Russia's aggression toward Ukraine would ban U.S. and European companies from cooperating with Russia on searching its Arctic territory, deep seas or shale formations for crude, said two U.S. officials who spoke on condition of anonymity because the measures have not been made public. The measures, which one of the sources said represented "preliminary thinking," would expand sanctions the Obama administration announced...
  • IMF chief Lagarde under investigation in France

    08/27/2014 8:03:12 AM PDT · by Olog-hai · 10 replies
    Associated Press ^ | Aug 27, 2014 10:13 AM EDT | Lori Hinnant
    Christine Lagarde, the chief of the International Monetary Fund, was placed under official investigation for negligence in a French corruption probe that dates back to her days as Frances finance minister. In a statement Wednesday after a fourth round of questioning before magistrates, Lagarde said she would return to her work in Washington later in the day and said the decision was without basis. She is the third IMF managing director in a decade to face legal troubles.
  • Swedish household debt soars as poll nears

    08/24/2014 6:03:41 PM PDT · by Lorianne · 14 replies
    CNBC/Reuters ^ | 24 August 2014
    Johan and Alejandra are the kind of Swedes the IMF has been warning about - piling up debt to keep up with an ever-rising property market and fund a lifestyle of travel, maids and nights out. The couple plan to buy a flat in Stockholm for 5 to 6 million Swedish crowns ($724,000 to $869,000), initially with an interest-only bank loan, among other spending plans. "I may travel, I may want to invest in a new business," said Alejandra, who runs a cafe in the city centre. Less than a month away from a general election, there are no votes...
  • Pat Buchanan and Ron Paul: Apologists for Vladimir Putin

    08/06/2014 12:40:19 PM PDT · by SeekAndFind · 67 replies
    Pajamas Media ^ | 08/06/2014 | Kim Zigfeld
    As Vladimir Putin’s tanks begin to roll forth from Russia like Sauron’s legions from Mordor, a pair of American villains is working hard to undermine our resolve against the greatest threat from Europe to American values and power, and indeed to world peace, since Adolf Hitler.Evgeny Feldman, a photographer for the maverick Russian newspaper Novaya Gazeta, recently visited a book store in Moscow and tweeted [1] a photograph from amongst its shelves. Among volumes on one topical shelf such as The Crimes of the U.S.A. and The Third World War and Forward to Victory, in which authors offered bloodthirsty...
  • Is Barack Obama Plotting a Coup?

    08/04/2014 4:18:06 AM PDT · by markomalley · 112 replies
    Powerline ^ | 8/3/2014 | John Hinderaker
    That seems like an awfully strong word, but it is the term that distinguished law professor Glenn Reynolds, no hysteric, uses to describe the Obama administration’s oft-reported plan to issue executive amnesty to five or six million illegal immigrants in violation of federal law. Glenn’s characterization is a fair one. When a tyrant asserts the right to rule by decree in a state that has formerly been subject to the rule of law, he is commonly described as carrying out a coup d’etat. That is just what the Obama administration has done, and reportedly will continue to do. When Obama...
  • IMF Urges Ukraine to Honor Emergency Funding Obligations

    07/26/2014 11:28:41 AM PDT · by tcrlaf · 3 replies
    NASDAQ ^ | 7-25-2014 | Ian Talley
    The International Monetary Fund has urged Ukraine's fragile government to honor its bailout obligations, a sign the fund is concerned a breakdown in the country's coalition could jeopardize its emergency financing package. Ukraine's ruling coalition broke up on Thursday, with Prime Minister Arseniy Yansunyuk submitting his resignation, jeopardizing passage of a supplementary budget that may be needed for the IMF's executive board to approve the next tranche of financing in late August. The fund said IMF Managing Director Christine Lagarde discussed the implications of the political developments with President Petro Poroshenko and Mr. Yatsenyuk by telephone on Friday. (SNIP) The...
  • If the West doesnt do more for Ukraine now, it might soon be too late

    07/25/2014 8:10:24 AM PDT · by 1rudeboy · 23 replies
    WP ^ | July 24, 2014 | Editorial Board
    VLADIMIR PUTIN has responded to the international outrage over the destruction of a Malaysian airliner by his proxies in eastern Ukraine by escalating his aggression. According to U.S. officials, tanks, artillery and other heavy weapons have continued to cross from Russia to Ukraine since the passenger jet was shot down. On Wednesday, two more Ukrainian military jets were hit by anti-aircraft missiles, which Ukrainian officials said had been fired from Russia. The State Department also said Thursday that Russian artillery was firing at Ukrainian positions from across the border. The Russian president is clearly not impressed by Western responses to...
  • Obama Aide Says Impeachment Threat Taken Seriously

    07/25/2014 7:15:31 AM PDT · by Jet Jaguar · 41 replies
    AP ^ | July 25, 2014 | AP
    One of President Barack Obama's top advisers says the White House takes seriously the possibility that House Republicans could pursue impeachment of the president. Senior White House adviser Dan Pfeiffer told reporters Friday that the GOP has already "opened the door for impeachment" by contemplating suing the president over his use of executive authority. He says that any further executive action Obama may sign this year on immigration will "up the likelihood" of Republicans pursuing that path.
  • MH17: By defying the West, bully-boy Vladimir Putin could lead Russia to ruin

    07/23/2014 11:57:11 AM PDT · by Tailgunner Joe · 48 replies
    telegraph.co.uk ^ | July 22, 2014 | Con Coughlin
    The most important thing for European ministers to remember during this crisis is how little they actually have to fear from Mr Putin for Russia needs the West far more than the West needs Russia. Indeed, there is every possibility that denying Moscow access to the global capital markets, which is the strategy at the heart of Washingtons latest sanctions initiative, could ultimately result in Mr Putins downfall. For a start, thanks to the mismanagement and corruption that have dogged Russias economy since Mr Putin came to power, the country has nothing much else to offer other than its...
  • IMF Cuts US GDP From 2.0% To 1.7%. US Retail Sales Forecast Slashed From 4.1% To 3.6%: Winter Blamed

    07/23/2014 9:25:52 AM PDT · by SeekAndFind · 17 replies
    Zero Hedge ^ | 07/23/2014 | Tyler Durden
    This is what happens when a priced to perfection global economy (and well beyond perfection based on the S&P 500) runs into the utterly and completely unpredictable and unforseeable "harsh winter weather."First, the IMF just cut (again) its forecast for US GDP, this time from 2.0% to the consensus-estimate 1.7%. The IMF cited the 1Q contraction, which from a +3% original estimate ended up being that, just with a minus sign. It also says second-half growth to accelerate... because it must! Some other brilliant points from the IMF:IMF staff: U.S. to reach full employment only by end-2017The economy is...
  • MH17: Pinning Everything on Putin Is Too Easy

    07/22/2014 2:04:20 AM PDT · by 2ndDivisionVet · 39 replies
    Breitbart's London ^ | July 21, 2014 | M.E. Synon
    (VIDEO-AT-LINK)The British newspapers, like the British government, are pinning the blame for the Malaysian Airlines disaster on Putin. Most Americans, whether Democrats or Republicans, would see things the way these UK headlines do: "Putin is a pariah he must be treated as such" "Britain and America implicate Russia in Flight MH17 missile attack" "Two British families killed by 'Putin the terrorist'" And over a column written by Prime Minister David Cameron, this headline: "This is an outrage made in Moscow" However, some well-informed conservatives in Britain are pointing the finger for the war in Ukraine not at Putin, but...
  • Clinton: US, Europe should get tough on Russia (Is it Re-Reset Button time already?)

    07/21/2014 8:06:11 PM PDT · by NormsRevenge · 25 replies
    Yahoo! News ^ | 7/21/14 | Ken Thomas - ap
    WASHINGTON (AP) Hillary Rodham Clinton said Monday that the U.S. and Europe should work together to develop tougher sanctions on Russia while she backed President Barack Obama's calls for a thorough investigation into the passenger jet that was shot down last week over Ukraine. Clinton said in a Facebook chat from the company's headquarters in Menlo Park, California, that tougher sanctions would make clear to Russian President Vladimir Putin "that there is a price to pay for this kind of behavior." The former secretary of state said she agreed with Obama's comments earlier Monday urging "immediate and full access"...
  • Russian Media on Downed Airliner: The CIA Did It

    07/21/2014 1:16:53 PM PDT · by Tailgunner Joe · 79 replies
    nbcnews.com ^ | July 21, 2014
    Just one day after the horrific tragedy that left 298 people dead, Russia's Channel One ran a package telling its audience that the entire incident was orchestrated by the United States, specifically by the CIA. A document was broadcast purportedly showing that the U.S. was planning to do the same thing during the 1962 Cuban Missile Crisis. Viewers learned that the "U.S. orchestrated this because Ukrainian government is not sophisticated enough to orchestrate this," according to the broadcast, which was translated from the original Russian by CNBC. According to Channel One, Russia's swift economic growth has inspired the United States...
  • Ron Paul Says U.S. May Share Responsibility for Malaysia Airlines Plane Crash

    07/21/2014 12:17:32 PM PDT · by Tailgunner Joe · 33 replies
    time.com ^ | July 21, 2014 | Jay Newton-Small
    Former Republican presidential candidate Ron Paul claimed Sunday that the U.S. and European Union may share responsibility for the downing of a Malaysia Airlines plane over Ukraine last week. While western media outlets rush to repeat government propaganda on the event, there are a few things they will not report, Paul, a former Republican congressman from Texas, wrote on his website. They will not report that the crisis in Ukraine started late last year, when the EU and U.S. overthrew the elected Ukrainian president, Viktor Yanukovych. Without U.S.-sponsored regime change, it is unlikely that hundreds would have been killed in...
  • The dollar's 70-year dominance is coming to an end

    07/19/2014 1:33:03 PM PDT · by markomalley · 36 replies
    The Telegraph ^ | 7/19/2014 | Liam Halligan
    In early July 1944, delegates from 44 countries gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire. A three-week summit took place, at which a new system was agreed to regulate the international monetary and financial order after the Second World War. The US was already the worlds commercial powerhouse, having eclipsed the British Empire several decades earlier. America was also on course to be among the victors of Europes conflict, even though its economy was largely unscathed by war. As such, Bretton Woods was US-dominated and produced a settlement largely on US terms. Seventy years ago this...
  • Malaysia Airlines Crash: UN Security Council Sets Urgent Meeting on Ukraine

    07/17/2014 11:30:19 PM PDT · by tcrlaf · 117 replies
    NDTV ^ | 6-18-2014 | NDTV
    United Nations: The UN Security Council will hold an emergency meeting today morning on Ukraine. Britain's UN Mission said yesterday it requested the meeting and later tweeted that it is set for 10 am today. The request follows Wednesday's downing of a Ukrainian air force fighter and yesterday's downing of a Malaysia Airlines passenger plane carrying 295 people over eastern Ukraine. Britain has proposed a Security Council press statement calling for "a full, thorough and independent international investigation into the incident." The statement, obtained by The Associated Press, was circulated to all 15 council members, who must approve it before...
  • UKRAINE: WE DID NOT SHOOT AT ANY PLANE

    07/17/2014 9:29:01 AM PDT · by Biggirl · 42 replies
    Associated Press ^ | July 17, 2014 | Peter Leonard
    KIEV, Ukraine (AP) -- Ukraine's president says his country's armed forces did not shoot at any airborne targets, after reports that a Malaysian Airlines plane went down over Ukraine.
  • Open thread: Obama to deliver statement at 6:45 ET feigning interest in border crisis

    07/09/2014 3:19:39 PM PDT · by lilyramone · 157 replies
    HotAir ^ | July 9, 2014 | AllahPundit
    Hes busy with fundraisers today and probably bowling or miniature golf or something, but hes going to squeeze in a few brief remarks on why hes not much interested in summarily deporting the hundreds of thousands of illegals who are on their way from Central America. You ready? The long-awaited tarmac handshake with Perry is already on the books:
  • Sarah Palin just joined the impeach Obama crowd. Thats bad news for the GOP.

    07/08/2014 1:36:07 PM PDT · by 2ndDivisionVet · 102 replies
    The Washington Post's The Fix ^ | July 8, 2014 | Aaron Blake
    Sarah Palin on Tuesday joined a growing chorus of Republicans calling for the impeachment of President Obama, writing in a Breitbart op-ed that the influx of young illegal immigrants over the southern border "is the last straw that makes the battered wife say, 'no mas.' " Mixed/careless metaphors aside, this is nothing but bad news for Republicans especially four months until the 2014 election. Palin is hardly the first GOP politician to raise the issue of impeachment over the past couple years. Others include Sens. James Inhofe (R-Okla.), Tom Coburn (R-Okla.) and Tim Scott (R-S.C.), Reps. Blake Farenthold (R-Tex.),...