The Federal Reserve has implemented new standards called “Base III accord” which is being sold to the public as a means to cushion the banks against expected “severe economic downturns”. This is part of stricter capital regulations…
Category: EU
Financial world as information system The contemporary world of finances is about information mainly, the data on banks’ clients, insurance companies, pension and investment, as well as other entities dealing in financial business,…
A trend to shift responsibility for bank losses onto blameless depositors lets banks gamble away your money. When Dutch Finance Minister Jeroen Dijsselbloem told reporterson March 13, 2013, that the Cyprus deposit confiscation scheme would be…
Big Banks Move Into Uranium Mining, Petroleum Products, Aluminum, Ownership and Operation Of Airports, Toll Roads, and Ports, and Electricity Top economists, financial experts and bankers say that the big banks are too large ……
We have both a moral obligation and practical reasons to work for justice and sustainability The following is an excerpt from We Are All Apocalyptic Now: On the Responsibilities of Teaching, Preaching, Reporting, Writing, and…
Snowden’s revelations have put a deep freeze on US-EU relations. Diplomats in Europe are searching for (and finding) bugs in their embassies. Influential politicians speak about this unprecedented betrayal of the transatlantic partnership. The popular German…
In various articles and in my latest book, The Failure of Laissez Faire Capitalism And Economic Dissolution Of The West, I have pointed out that the European sovereign debt crisis is being used to terminate…
On May 23, Secretary of State John Kerry threatened Syrian President Bashar al-Assad with the following statement concerning U.S. military support of Syrian rebels: “In the event that we can’t find that way forward, in…
Germany is preparing to bring charges against US and British intelligence amid fresh allegations that the services spied far more extensively than thought on German phone and internet traffic and bugged European Union offices in America. A report alleging a major and continuous US National Security Agency spying operation in Germany was published by Der Spiegel magazine yesterday, prompting outrage from Berlin MPs still reeling from reports about extensive British surveillance in their country. The German Justice Minister, Sabine Leutheusser-Schnarrenburger, demanded an immediate explanation and said the behaviour of the intelligence services was “reminiscent of the actions against enemies during the Cold War”. “It defies belief that our friends in the US see the Europeans as their enemies,” she said.
Sayyeda Zeinab Shrine Damascus. It is well known in this region that powerful foreign and domestic forces in nearly every country, but particularly Iraq, Syria and Lebanon, are increasingly acting, for purely political purposes, to ignite a…