Archive for the 'Collapse' Category
CYPRUS: FOOD AND FUEL
March 23rd, 2013Via: New York Times: Cyprus’s parliament on Friday partly approved a revised formula for obtaining an international bailout to avert a default, amid strong signals that the plan would not pass muster with international lenders. But they put off voting on a crucial new proposal until later this weekend — one that would confiscate a […]
MoD Flies Emergency Cash to Cyprus for British Personnel
March 19th, 2013Via: BBC: An RAF plane carrying 1m euros is flying to Cyprus from Britain as a “contingency measure” to provide military personnel with emergency loans, the Ministry of Defence said. The money is to be used for British personnel and their families if cash machines and debit cards stop working. … The levy was due […]
Infections With ‘Nightmare Bacteria’ Are On The Rise In U.S. Hospitals
March 19th, 2013Almost as an afterthought, this sentence closes out the piece: And doctors have to use antibiotics more carefully to prevent more germs from developing into dangerous superbugs. So, in other news, The Insane Overuse of Antibiotics in Industrial Meat Production and FDA Won’t Regulate Use of Antibiotics in Healthy Livestock Intended for Human Consumption. And […]
Cyprus Considers Zero Tax on Smaller Bank Deposits; All Banks Remain Closed
March 19th, 2013Via: BBC: The Cyprus finance ministry suggests savers holding less than 20,000 euros (£17,000) would be exempt from a bank levy which has caused much alarm. Amounts between 20,000 and 100,000 euros would face a 6.75% tax. The levy on savings above 100,000 would remain at 9.9%. The levy has enraged Cypriots. The earlier plan […]
‘Why the Cyprus Bail In Is a Bigger Deal Than You Think’
March 19th, 2013Via: Yahoo Finance: So, assuming Cyprus’s government approves the deal (still pending–with the vote now postponed until Wednesday), depositors will have some of their money seized. Now, half of these depositors are said to be Russian oligarchs and other non-residents. And unless you happen to have the misfortune of having an account in a Cyprus […]
Poor Often Don’t Have Legal Representation in Court
March 18th, 2013Via: New York Times: Today, many states and counties do not offer lawyers to the poor in major civil disputes, and in some criminal ones as well. Those states that do are finding that more people than ever are qualifying for such help, making it impossible to keep up with the need. The result is […]
EU: GOVERNMENT THEFTS FROM BANK ACCOUNTS MAY HAPPEN IN OTHER COUNTRIES
March 17th, 2013The Washington Post took the words right out of my mouth: The best the rest of the world can hope for is that Cyprus’s case is sufficiently unique that it won’t spark panic in Athens and Madrid (or in Lisbon, Dublin and Rome). Via: New York Times: In a move that could set off new […]
CYPRUS: GOVERNMENT TAKES UP TO 10% OF INDIVIDUALS’ FUNDS ON DEPOSIT WITH BANKS AS PART OF BAILOUT AGREEMENT
March 16th, 2013Via: BBC: People in Cyprus have reacted with shock to news of a one-off levy of up to 10% on savings as part of a 10bn-euro (£8.7bn; $13bn) bailout agreed in Brussels. Savers could be seen queuing at cash machines amid resentment at the charge. The deal reached with euro partners and the IMF marks […]
Fewer Americans Than Ever Trust U.S. Government
March 12th, 2013In other news, 1.6 Billion Rounds Of Ammo For Homeland Security? It’s Time For A National Conversation: The Denver Post, on February 15th, ran an Associated Press article entitled Homeland Security aims to buy 1.6b rounds of ammo, so far to little notice. It confirmed that the Department of Homeland Security has issued an open […]
Thousands of Dead Pigs Found in Shanghai River
March 11th, 2013Drinking water quality normal, comrade. Via: South China Morning Post: Chinese officials have found a total of 3,323 dead pigs in a Shanghai river as of Monday afternoon and discovered swine virus in one of them, but they have stressed that the disease is not known to be infectious to humans. The virus is known […]
