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Government Spending

Jail-breaking point: Overcrowded prisons strike White House clemency chord
The enormous outlay for overcrowded US federal prisons is forcing the White House to consider clemency and entreat non-violent, low-level felons serving terms for drug-related crimes to apply for early release.

24.04.2014 05:01

US Navy cancels charity projects in Crimea
The US Navy has discontinued charity programs in Crimea, canceling the renovation of a public school and children’s hospital. Russian media and bloggers suspect the programs were meant to butter up locals for a possible US settlement there.

23.04.2014 05:00

Wealth of US middle class now lower than Canada’s - report
American workers who previously made up the wealthiest middle class in the world have lost that distinction, according to new research that attributes the economic stagnation on rising income inequality in the US.

22.04.2014 21:59

Putin proposes setting up gambling zone in Crimea
Russian president Vladimir Putin has submitted a draft law to the State Duma to establish a gambling zone in Crimea, the fifth in the Russian Federation.

21.04.2014 11:47

'Bumpy start': World Bank trims China growth forecast to 7.6%
​The Chinese economy continues to cool, and the World Bank has lowered its 2014 forecast to 7.6 percent growth, down from an earlier 7.7 percent. The global recovery remains shaky as 2014 kicks off with a “bumpy start”.

07.04.2014 11:19

Japan hikes sales tax first time in 17 years
Japanese consumers stocked up on necessities or splurged on luxury goods before April 1, when sales tax increased for the first time since 1997 from 5 to 8 percent. Tax revenues will help combat deflation and tackle the country’s $10 trillion public debt.

01.04.2014 11:00

‘US looking for a major enemy to justify its defense spending'
As US spending on defense reaches $1 trillion a year and defense giants such as Boeing gain increased lobbying power, the US must justify this money by creating tangible enemies around the world, political analyst Patrick Hennigsen told RT.

30.03.2014 19:49

​UK continues mass experiment in human despair
UK Chancellor of the Exchequer George Osborne has confirmed that the Tory-led government's policies to cut public spending are set to continue, but the food banks don't lie.

20.03.2014 06:59

US considers relaxing prison sentences for lesser drug offences
Shorter prison sentences for less serious drug trafficking offenses could dramatically cut US federal prison spending and herald the beginning of a new justice system under a new proposal being endorsed by Attorney General Eric Holder.

13.03.2014 10:28

Britain hires US-blacklisted company to sell off army kit
The UK’s Ministry of Defence has hired a Kuwaiti firm blacklisted by the US government to sell off its leftover equipment in Afghanistan. Agility Logistics landed an army contract to set up desert auctions for gear not valuable enough to take back.

11.03.2014 12:12

Pensions in Ukraine to be halved - sequestration draft
The self-proclaimed government in Kiev is reportedly planning to cut pensions by 50 percent as part of unprecedented austerity measures to save Ukraine from default. With an “empty treasury”, reduction of payments might take place in March.

06.03.2014 11:33

​What price taxation? Swiss privacy and the truth about offshore banking
Nowhere was the unedifying hubris of the bankster classes more obvious than in Swiss real estate. Not the private banking halls off Zurich’s Paradeplatz but rather their office portfolio in the heart of the USA.

04.03.2014 11:34

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