Thursday, 27 June 2013

Generalstreik in Portugal

Phoney Robin Hood: 'UK Austerity Diverts Money from Poor to Rich'

Britain's Chancellor George Osborne is announcing billions more in Government spending cuts. Austerity measures are already biting for many across the UK. ¶ Writer John Wight believes the fresh cuts will do nothing to right the sinking ship that is the British economy.

Saturday, 22 June 2013

Million-strong Anti-government Protests Sweep Brazil, 1 killed

A hundred cities across Brazil have seen a fresh wave of mass protests while the first death has been reported among the demonstrators, in the state of Sao Paulo. Reports say the anti-government rally amassed a staggering one million people. Political analyst Adrian Salbuchi believes it's ultimately the colossal gap between the rich and the poor that's enraging the people.

Wednesday, 19 June 2013

Dolce and Gabbana Sentenced to Jail for Tax Evasion

BBC: Italian fashion designers Domenico Dolce and Stefano Gabbana have been sentenced to jail in Italy for one year and eight months for tax evasion.

The pair were not at the trial and deny the charges.

They are accused of hiding millions of euros from Italian tax authorities.

Dolce and Gabbana have not yet given a public comment on the sentence and are likely to appeal the verdict. They are said to be unlikely to go to jail any time soon.

Their customers have included Madonna, Kylie Minogue, Kate Moss and Bryan Ferry. » | Wednesday, June 19, 2013

Tuesday, 11 June 2013

Wealth Inequality in America

Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.

Friday, 7 June 2013

Inside Story Americas: Are US Banks Untouchable?

We ask why no charges have been brought against US banking institutions for their part in the global financial crisis.

Read the article here | Saturday, May 25, 2013

Thursday, 6 June 2013

IMF Admits Major Mistakes on Greek Bailout

SPIEGEL ONLINE INTERNATIONAL: The International Monetary Fund conceded on Wednesday that it lowered its own standards on the Greek bailout, underestimating the effects of austerity and making overly optimistic projections for Greece's economy.

The International Monetary Fund acknowledges that it made "notable failures" on the first rescue package for Greece, setting overly optimistic expectations for the country's economy and underestimating the effects of the austerity measures it imposed. As such, the fund said in an unusually frank report released on Wednesday, it lowered its own standards on debt sustainability, setting lending levels too high for Greece while not pushing hard enough on Greek debt restructuring. » | chw -- with wires | Thursday, June 06, 2013

Sunday, 2 June 2013

'Taxation Is Legalized Form of Robbery'

It's been said that in life two things are guaranteed - death and taxes. RT speaks with Dutch libertarian leader Toine Manders who has some issues with one of those.