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Government Spending

Russia seeks safe haven in gold, away from dollar and euro
Russia is taking steps to ensure that it protects itself from any future dollar or euro sanctions. Moscow boasts the world’s 5th biggest foreign exchange reserves and the 6th largest gold reserves. In total, the assets amount to over $1.5 trillion.

15.08.2014 11:53

​UK tops world table for economic growth
The UK economy is expanding at its fastest rate since 2007, performing better than any other economy in the G7. Despite the GDP boost, critics say that youth unemployment and wage depression point towards far deeper structural issues.

15.08.2014 15:04

​UK unemployment falls, but youth still feeling pinch
Hundreds of thousands of young people in Britain are likely to remain unemployed, despite the country’s ongoing economic recovery, a leading UK think tank has said.

13.08.2014 08:57

DEA covertly paid hundreds of thousands for open information on train passengers
A United States senator is asking the US Drug Enforcement Agency to explain how an employee for the Amtrak train line got away with receiving over $850,000 from the DEA by working as a federal informant for nearly 20 years.

12.08.2014 19:23

‘Death trap’ prisons: UK government policy ‘responsible’ for soaring inmate suicides
Staff shortages and acute overcrowding in Britain’s prisons are so serious they are fuelling a rise in suicides amongst UK inmates, the Chief Inspector of Prisons warns.

12.08.2014 09:09

​Scapegoating immigrants: The global strategy of Wall Street
The US Congress is locked in a battle over immigration policy. The current phase of the discussion began with a mob of ‘Tea Party’ activists in California, who blocked a bus containing migrant youth from Guatemala and Honduras.

07.08.2014 08:28

Government transparency website is missing billions of dollars, watchdogs report
A government audit has revealed that roughly $619 billion in federal grants and loans given out in fiscal year 2012 have not been properly accounted for.

05.08.2014 19:49

Texas cop placed on paid leave for supermarket shooting spree Facebook threat
A police officer in central Texas has been placed on paid administrative leave while investigators consider whether a recent Facebook posting by the cop in which he discussed massacring food stamp recipients violated departmental policy.

05.08.2014 14:44

Chinese whisper in American neighborhood
After the major headline hogging BRICS summit, the next news event that has been watched closely is the Chinese President Xi Jinping’s visit to Latin America.

23.07.2014 10:15

UK collects extra £1bn in taxes from wealthy since 2009
​The United Kingdom’s tax authority, Her Majesty’s Revenue & Customs (HMRC), has collected £1 billion in extra taxes since 2009 after stepping up going after tax avoidance, evasion, and fraud.

18.07.2014 10:24

‘Chronic’ underinvestment outside London costs the UK billions annually
The UK loses billions of pounds each year as a result of "chronic" underinvestment outside London, newly published research reveals. Failing nationwide infrastructural overhaul, Britain will reportedly face an annual loss of £90 billion by 2026.

16.07.2014 11:19

Air travel prices in US to climb as TSA fees increase
Air travel in the US is set to become more expensive beginning next week – but airline profits and jet fuel costs aren't to blame this time. Instead, the price hike will come as a result of a TSA fee increase.

14.07.2014 22:55

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