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29.10.2010, 09:50 3 comments

EU leaders back tougher rules to avoid future debt crises and threats to euro

At a Brussels summit, EU leaders have agreed to prepare changes to the organization's fundamental Lisbon Treaty, involving tougher financial discipline and punishment for overspenders.

Image from dailycal.org 03.03.2010, 00:49 75 comments

University of California campus erupts in riots

Violence breaks out as students at the flagship school of the University of California protest stiff tuition hikes.

AFP Photo 15.12.2009, 14:24 12 comments

We are the biggest military behemoth ever created on Earth - Bill Ayers

The US can step down from a trillion military budget and stop being a militarized country, which does not fit with its self-image but is true by any objective measure, said US scholar Bill Ayers.

Sergey Mironov 03.02.2010, 15:07 12 comments

Parliament speaker could be dismissed over anti-Putin remarks

Russia’s ruling United Russia party has said they may demand the resignation of the Federation Council speaker Sergey Mironov over his criticism of Prime Minister Vladimir Putin’s policies.

22.10.2010, 19:17 4 comments

Privatization agenda to shape new corporate landscape

The privatization agenda outlined by First deputy Prime Minister Igor Shuvalov, will seek to both shore up the government’s budget gap, and bring about major change in the Russian corporate market.

06.08.2009, 22:26 9 comments

“Federal Reserve doesn’t know where $1.5 trillion went” - analyst

The US media’s attempts to use the Freedom of Information Act to find out which banks received financial bailouts were blocked, said legal analyst Nicole Kardell, and the Federal Reserve doesn’t know the answer itself.

13.08.2010, 06:17 10 comments

“The US is bankrupt” – American scholar

That's according to a prominent U.S. economist, Laurence Kotlikoff, who has come up with some startling figures claiming America's national debt is $200 trillion, far greater than the official figure of $13 trillion.

29.12.2009, 04:08 8 comments

Endless war as a means to keep Pentagon’s budget

Today the US is spending more on war than the governments of 50 American states spend on education, healthcare and welfare of the American people, says journalist Sherwood Ross.

29.07.2010, 03:51 6 comments

US government needs to spend wisely

While the American people are struggling economically, the Obama administration is missing or spending insufficiently billions of tax dollars.

25.06.2009, 20:42 7 comments

Is California going bankrupt?

California, America’s most populous state, has a projected $24.3 billion budget deficit for the coming year, and may start issuing IOUs starting next week.

Siberian city in blossom

Published: 09 June, 2009, 14:37


For those visiting the city of Tomsk in the southwest of Siberia’s Federal District this summer will be met by a floral surprise – gardeners have been working for weeks planting a huge city emblem made of flowers.

 
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