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Sadiq Khan�s lessons for Labour

The rise of Sadiq Khan, the son of a bus driver and seamstress who grew up on a public housing estate and who has just been elected mayor of London – and who happens to be Muslim – is nothing short of extraordinary. But it might also tell the Labour Party how it could win the next…

Quelle surprise: most of the Greek bailout money went to the banks

So Greece received something like 128 billion Euros in all those bailouts. But a new study by the European School of Management and Technology (ESMT).has found that most of the money went to the banks. “Most of the money was used to actually transfer risks from private creditors to public creditors,” EMST Jorg Rocholl told Deutsche Welle. “This…

Scott Morrison hits Australian farmers

On April 19, cattle-ranch empire S. Kidman & Co., the largest landholder in Australia, agreed to a sale to a mostly Chinese consortium for A$370.7 million (US$289 million). Then, 10 days later on Friday to be precise with an election looming Australian treasurer Scott Morrison blocked the deal, saying that because of the portfolio’s size and significance, its…

In response to threat of nuclear terrorism, Belgium Hands Out Iodine Pills To Entire Population

Last month we had the news that Brussels suicide bombers had planted hidden cameras at the home of the top Belgian nuclear officials, now we learn the Belgian government has really stepped up safeguards. According to the New York Post, Brussels suicide bombers Ibrahim and Khalid El Bakraoui were plotting to kidnap a senior Belgian nuclear official and…

Saudis lobby to stop 9/11 class action legislation

The Saudi government has spent millions of dollars on US law, lobby and public relations firms to raise the country’s visibility in the United States and before the United Nations at a crucial time. Five lobby and PR firms were hired in 2015 alone to co-ordinate meetings between Saudi officials and business leaders and U.S.…

Hillary Clinton wins in New York but remains in trouble.

The big story last week was Hillary Clinton had won New York big time. Exit polls showed that Clinton drew support from demographic groups that helped her in past races. She won 66 per cent of voters 45 and older, while Sanders was the favourite among younger voters, 18-44. Clinton also once again dominated among minority…

Corporate defaults reach new high

Corporate borrowers across the world have defaulted on $50 billion of debt so far this year as the number of delinquent companies accelerates at its fastest pace since the financial crisis in 2009. According to Standard & Poor’s nearly half of the defaults have occurred in the oil/gas and mining industries. All caused by the sharp decline…

Dirty ditty about Turkey�s leader creates diplomatic row

Turkey’s president Recep Tayyip Erdogan has been the big winner out of Europe’s refugee crisis. Last month, he secured billions of euros in foreign aid. The deal also included visa-free EU entry for Turkish citizens. And, significantly, the EU in its desperation to solve the refugee crisis has promised to give more attention to Turkey’s EU accession…

The geopolitics of tax dodges

Much attention lately has been placed on the massive 2.6 terrabyte leak of the law firm Mossack Fonseca’s Panama Papers The Panama law firm has helped foreign corporations and individuals set up shell companies not just in Panama but also the Bahamas, the British Virgin Islands, and other notorious tax havens around the world. Among other…