NO BANK ACCOUNT ANYWHERE IN THE EUROZONE IS SAFE-ENGLISH
The Dutch Finance Minister who was a leader in the EU bailout of Cypress said that account confiscation is the new bailout model That means that...
The Dutch Finance Minister who was a leader in the EU bailout of Cypress said that account confiscation is the new bailout model That means that all bank accounts within the eurozone now are at risk Cypress was considered by Europeans as an offshore banking haven and banks employ 25 PERCENT of the entire workforce Massive layoffs have already begun causing even more woe for the Cypriots
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[1 June 2013] Report urges probe into UKs hunger issue - English
Over half a million people are going hungry in Britain. That\\\'s according to the charities Church Action On Poverty and Oxfam. In their joint...
Over half a million people are going hungry in Britain. That\\\'s according to the charities Church Action On Poverty and Oxfam. In their joint report: \\\'Walking the Breadline - the Scandal of Food Poverty in 21St Century Britain\\\', the scale of destitution, hardship and hunger are even worse than thought.
One of the biggest worries for anti-poverty campaigners is that food banks are now becoming a \\\'normalized\\\' part of the welfare system. Families and individuals in dire need are forced to accept emergency handouts instead of having the underlying reason for their predicament addressed.
There are also growing concerns that more families in work are unable to make ends meet at the end of the month alongside benefit delays and sanctions adding to their woes. So what would the authors of the report like to see happen to stop more people from sinking into food poverty?
Amina Taylor, Press TV, London
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[03 June 13] Floods in Somalia kills 22, displaces hundreds - English
In southern Somali town of Jowhar, hundreds of families and farmers have been displaced after a river burst its banks in Middle Shabelle region....
In southern Somali town of Jowhar, hundreds of families and farmers have been displaced after a river burst its banks in Middle Shabelle region. Those highly affected are the internally displaced persons. Many villages and farms have remained under water as sanitation system has collapsed. The displaced families also raise safety concern posed by stagnant water in many of the affected camps. The local administration says that at least 22 people have been killed due to the floods. Many of the victims are said to be young children. We toured the town to witness the scale of the flooding. In one of the camps, we met this old woman Sahra Mahad, who says she has lived there for six years.
Abdulaziz Billow, Press TV, Jowhar
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[27 June 13] Banking scandal hits Ireland - English
The global banking crisis of 2008, caused by the reckless behavior of American lenders, spread shockwaves around the world that are still being...
The global banking crisis of 2008, caused by the reckless behavior of American lenders, spread shockwaves around the world that are still being felt today.
Banking giants such as Lehmann brothers & Bear Stearns collapsed and other banks scrambled to secure \'bailouts\' from their governments to avoid going the same way.
In Ireland, the downturn in the property market caused the Anglo Irish Bank to approach government regulators and the Central Bank.
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[14 July 13] India will make all payments for Iran crude in Rupees -...
India is to settle its 1.53 billion dollars dues with Iran in Rupees. From now on, all the trade will only be done in Indian currency. Until...
India is to settle its 1.53 billion dollars dues with Iran in Rupees. From now on, all the trade will only be done in Indian currency. Until February, 45 percent of the Indian oil import payments were made in Euros, with the money going through Turkish Halkbank. Since then Indian crude oil importers have held on to their payments. A Russian route to make payments in Ruble was explored however it did not work out. Finally the Rupee transactions are left as the only alternative.UCO Bank is the only Indian designated institute under the rupee-payment mechanism with Iran. It is backed by its tie-ups with five Iranian banks which worked on carrying out the process of settlements of dues in April last year.
Sanjay Sethi, Press TV, New Delhi
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[19 July 13] Afghan asylum seekers - English
An economic crisis, lack of development and insecurity in Afghanistan is forcing thousands of Afghan to leave their country in search of a better...
An economic crisis, lack of development and insecurity in Afghanistan is forcing thousands of Afghan to leave their country in search of a better place. Many of them take off whenever they get a chance, saying they have no hope things will get any better in their country any time soon.
British politicians are being urged to combat the scourge of food poverty after a leading charity warned that the sharp rise in families using emergency food parcels hints at problems to come. The use of food banks in the UK tripled over the past year - a worrying sign of families forced to choose between some of the basic necessities of life in one of the world\'s most developed countries in the world.
The Islamic Revolution in Iran changed the face of Islamic politics inspiring many countries to implement Islamic rule. The revolution had a face remembered by all to date; Imam Khomeini.
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Local Currencies - Replacing Scarcity with Trust -English
Francis Ayley established over a dozen local currencies in the UK before moving to the U.S. He contrasts our standard, scarcity- and debt-based...
Francis Ayley established over a dozen local currencies in the UK before moving to the U.S. He contrasts our standard, scarcity- and debt-based money system with local currencies in which there is always as much as you need Local currencies like his Fourth Corner Exchange issue money when members trade goods and services. Communities with local currencies will be less affected when recession or depression hits the mainstream economy
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What are the economics of debt - English
Economist Richard Douthwaite explains that our current economic system relies on debt for money supply. This means that our economic model requires...
Economist Richard Douthwaite explains that our current economic system relies on debt for money supply. This means that our economic model requires constant economic growth. He goes on to imagine what happen in a sustainable economic system
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[26 Nov 2013] Under the Geneva deal the western countries have agreed to...
Under the Geneva deal between Iran and five permanent members of the United Nations Security Council plus Germany, the western countries have...
Under the Geneva deal between Iran and five permanent members of the United Nations Security Council plus Germany, the western countries have agreed to ease sanctions on Iran in response to Tehran\'s confidence-building move to continue its nuclear energy program at a lower level. But, there are different accounts of the exact timing of the partial sanctions removal.
The U-S says Iran will see up to seven-billion-dollars worth of its frozen assets un-blocked. Out of this amount, Washington is expected to un-freeze some four-point-two billion dollars in oil revenue frozen in foreign banks. But, some remaining 40 billion dollars of Iran\'s oil export money will remain frozen. This is the amount Iran obtained through selling its oil under U-S and E-U sanctions imposed in early 20-12. Iran could also access another four-hundred-million dollars for educational purposes, such as the transfer of university tuition fees. France\'s Foreign Minister Laurent Fabius says this could happen in December. But British Foreign Secretary William Hague, as well as the spokesman for E-U\'s foreign policy chief Catherine Ashton, say they expect the sanctions easing to be completed in January.
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