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Wednesday, July 25, 2012

Wed., July 25, 2012 – Morning News Headlines


The strongest storm in 10 years has hit Hong Kong, with dozens in hospitals and hundreds seeking refuge in shelters - READ MORE:


Syria's rebels claim the regime has moved its chemical arsenal to airports near the country's borders, in a move they say is to intimidate foreign powers. Sources in Damascus, though, claim the lion's share of the stockpiles are stored securely in Syria's less-turbulent south. William F. Engdahl, the author of "Myths, Lies and Oil Wars" talks to RT. He says the hype over Syria's chemical weapons may be a part of America's plan to topple inconvenient dictators.

US position on Syria directly endorses terrorism - Russian Foreign Minister Sergey Lavrov
Washington’s reaction to blasts in Damascus is a downright justification of terrorism, slams Russian Foreign Minister Sergey Lavrov. US State Department announced that terror acts in Syria are not surprising in light of the Assad regime’s actions.
“This is direct endorsement of terrorism. How are we supposed to understand that?” Sergey Lavrov shared his astonishment at a press conference in Moscow. “This is a sinister position, I cannot find words to express our attitude towards that.” 
Lavrov also expressed his surprise that the UN Security Council refused to condemn acts of terror in Syria. The US permanent representative to the UN Susan Rice has stated that terror acts in Damascus contribute to speeding up the adoption of a resolution on Syria according to the Chapter 7 of the UN Statute, which implies harsh sanctions, including resorting to force.
“In other words this means ‘We are going to support such acts of terrorism until the UNSC does what we want’,” Lavrov commented on the US representative's actions. Read More


ECONOMISTS: 'Europe Is Sleepwalking Toward A Disaster Of Incalculable Proportions'

Reuters) - The eurozone faces economic disaster unless its financially stronger states and its central bank commit to bearing a larger share of the region's debt burden, leading global economists including two advisers to the German government said.
"We believe that ...Europe is sleepwalking toward a disaster of incalculable proportions... The sense of a never-ending crisis, with one domino falling after another, must be reversed," the Institute for New Economic Thinking (INET), backed by veteran investor George Soros, wrote in its report. Read more

Editor’s Note: Only problem with the prescription of George Soros and his ilk is to bankrupt the wealthier Northern European nations under the pretext of saving their Southern neighbors. These solutions are meant to implement the final solution which is a return to the Feudalism of the Dark Ages; a few ultra wealthy lords like Soros and the remainder of the population as serfs to do their bidding!

Best way to rob a bank is to own one is the title of a book by Bill Black. In this REAL NEWS interview, Bill discusses LIBOR and HSBC and other banking frauds that rob the people of this world not of millions, but of billions!

Migrant workers who look for jobs in cities in China are now leaving the cities and going back to their home towns as jobs losses mount amid economic slowdown.  This wave of migrant workers leaving cities emerges for the first time since the financial crisis 2008/09.
A lot of migrant workers who were originally living in rural areas move to urban cities of China for jobs opportunities.  The big surplus of workers from this source drove economic growth in the past decades.  Although demographic projection suggests that labour force will stop growing, which seems to imply labour shortage rather than surplus, job creation is a bigger task for the time being as the economy slows. Read More

Cristobal Montoro, the Spain's finance minister has made a liquidity destroying proposal to tax short-term financial transactions at an astonishing 56% tax rate. Businesses are already upset over hikes in the VAT and have threatened to leave Spain. Interestingly, in spite of raising taxes elsewhere, the VAT was lowered on the highly subsidized renewable energy sector.

Why? Here is the answer: "Secretary of State for Finance, Ricardo Martinez Rico, is the leading advisor in the industry". Read More

Editor’s Note: Are these politicians insane that they would make proposals such as a 56% financial transactions rate? Or are they just wolves in sheep’s clothing implementing their diabolical plans to exercise absolute power over the masses by taking absolute control of their finances. Doesn’t the Bible have something to say about a beast that forbids buying and selling unless he authorizes it and marks people to allow them to engage in any Economic activity? Are these insidious plans, such as the FINANCIAL TRANSACTIONS TAX that will be imposed globally through this created by design financial crisis not further these plans.


More Rodney King incidents in California? Why are cops never held accountable for their actions?

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