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”.
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.
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.
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.
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.
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.
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.
European lawmakers are calling into question the ability of the Troika to effectively deal with the crisis, and many are attacking its methods. An investigation report due in April will look at the handling of the Greek sovereign debt debacle.
The United States Department of Health and Human Services program that provides care to first-responders injured during the September 11, 2001 terrorist attacks will now extend coverage to victims with four types of cancer previously not considered.
The terrible impact that the ongoing floods have had over large parts of Britain - and the government response to the disaster - tells us much about the political system we now live under and in whose interests our government acts.
The US House of Representatives has agreed to raise the government’s borrowing cap until March 2015, without specifying the exact limit. It's a huge shift as the bill was approved for the first time in three years with no conditions from Republicans.