Tuesday, 8 April 2014

April 7, 2014: News Updates

Apologies for the tardiness of TN lately-  We have been incredibly busy here getting ready for the QEG build and setting up the community.... and struggling with internet issues. 

 Ex-ABN Banker Schmittmann, Wife, Daughter Found Dead at Home

By Martijn van der Starre Apr 6, 2014
Former ABN Amro Group NV Netherlands Chief Executive Officer Jan Peter Schmittmann, his wife and a daughter were found dead at their home yesterday after a possible “family tragedy,” Dutch police said.


 Liechtenstein Banker Shot Dead in Reported Investment Feud

By Jan-Henrik Foerster and Carolyn Bandel Apr 7, 2014 9:13 PM GMT+0100
A Liechtenstein banker was shot dead after a feud involving an investment fund, and police said they believe the alleged killer later committed suicide.


 British millionaire jeweller Andrew Bush shot dead at Spanish mansion as police hunt model ex-girlfriend- Apr 07, 2014

Police are hunting the ex-lover of a British millionaire gold dealer who was assassinated at his Spanish mansion.


 ***Banks May Reap $100 Million From Lafarge-Holcim Merger

By Manuel Baigorri and Francois de Beaupuy Apr 7, 2014 1:19 PM GMT+0100
Goldman Sachs Group Inc. (GS), Rothschild and Zaoui & Co. are among banks that may split as much as $100 million in fees for their roles advising on the merger of Holcim Ltd. (HOLN) and Lafarge SA (LG) to create the world’s biggest cement maker.


Euronext Breaks, Again

apr 7 2014

Ealier today, around the time the US market opened sharply lower despite the attempt to send it soaring with the traditional and well-expected USDJPY ramp, the Euronext exchange... broke.


Nigeria Just Doubled The Size Of Its Economy With The Stroke Of A Pen

10 business honchos about to flood Congress with money

By Rick Newman 7 hours ago The Exchange

The Supreme Court’s latest ruling on political contributions is likely to gives rich donors even more sway over national elections, intensifying the troubling influence of money in politics.


The Chinese Ponzi Continues: Property Developers Buy (Piggy) Banks

apr 7 2014
"Whatever it takes," appears to have become the new mantra across global financial systems and with Chinese shadow banks under increasing pressure (as cash-for-commodity deal financing dries up and "hedge" losses mount on 'surprise' Yuan weakness), property developers are increasingly desperate for liquidity. The solution, as The FT reports, Chinese property companies are buying stakes in banks and raising fears that the country’s already stretched developers are trying to cosy up to their lenders. 10 Chinese developers, who have been active in recent bank IPOs, have invested an 'unprecedented' $3bn in their potential lifeline lenders.


Chinese shipyards leave banks holding bag for late projects

Apr 8, 2014
Chinese shipbuilders' refusal to pay refunds on late projects creates legal problems for lenders


Tuesday, 1 April 2014

April 1, 2014: News Updates

****$242 Billion: That Is How Much Record "Window Dressing" Banks Got Today Thanks To The Fed

mar 31 14
The last time banks scrambled to pad their books into the quarter end, and come begging at the front door of the NY Fed's Liberty 33 office, was on the last day of Q4 and 2013, when nearly $200 billion in Treasurys were handed out by the Fed to over 100 counterparties in what was the largest reverse repo operation conducted by Ben Bernanke, and his brand new Fixed-Rate Reverse Repo operation, in history.
That was the record until today, when just over an hour ago the Fed disclosed that as part of its most recent reverse repo operation, it had handed out to 93 dealer banks and other financial intermediaries, both foreign and domestic, some $242 billion in Treasurys in what is now the biggest reverse repo operation in history, a privilege for which the collateral-starved banks paid the Fed the king's ransom of 0.05% in annual interest, i.e., nothing.


**Forget Bitcoin, African E-Money Is the Currency-Killer

15 Mar 31, 2014 2:55 PM ET
All the talk of bitcoin in recent years has overshadowed the real e-finance revolution: In Africa, India and now Eastern Europe, a service called M-Pesa has replaced banking for millions of people who don't have or, in fact, even need a bank account.


China Confiscates Billions In "Ugliest Corruption Scandal" In History

mar30 14
With Chinese authorities increasingly looking like they are sticking to their reform promises, fighting moral hazard and allowing defaults to occur (in a completely 'contained' way, of course); the continued crackdown on graft and government corruption has hit a new high (or low). As Reuters reports, Chinese authorities have seized assets worth at least 90 billion yuan ($14.5 billion) from family members and associates of retired domestic security tsar Zhou Yongkang, who is at the center of China's biggest corruption scandal in more than six decades. 71-year-old Zhou has been under house arrest since first being investigated late last year but the size and scale of the corruption is unprecedented including 300 apartments, 60 vehicles, bonds, stocks, and gold - "it's the ugliest in the history of the New China."


China Construction Bank eyes issue of 20b yuan of subordinate debt

PUBLISHED : Tuesday, 01 April, 2014
China Construction Bank plans to issue 20 billion yuan (HK$25.2 billion) of subordinate debt on the mainland and is studying the feasibility of issuing preference shares to boost capital.


​Free-fall: IMF to accelerate Ukraine’s economic collapse?

mar 31 14
Ukraine is bankrupt. It has wavered on the cusp for some time. However, it is about to suffer the cruelest indignity: discovering that Western politicians who promised prosperity have been encouraging the IMF to deliver a leveraged poisoned chalice.


Dollar reserve role secure but set to shrink: BIS

Dear Unnamed "Significant Financial Institution": The DOJ Has Some Very Bad News For You

mar 31 14
Looks like someone didn't pay their annual "cost of conducting criminal business" bribe


 High-Speed Traders Rip Investors Off, Michael Lewis Says

By Nick Baker and Sam Mamudi Mar 31, 2014
The U.S. stock market is rigged when high-frequency traders with advanced computers make tens of billions of dollars by jumping in front of investors, according to author Michael Lewis, who spent the past year researching the topic for his new book “Flash Boys.”


Putin Flushes the US Dollar: Russia’s Gold Ruble Payments System Delinked from Dollar?

mar 31 14
A New Financial System independent from Wall Street and City of London begins to take shape concretely in Russia?


Russia And China Make Another Move That Threatens The Dollar – The Ruble Is Now Backed By Gold And China Continues To Make Deals With Other Countries.

Monetary Blockade Of Russia Begins: JPMorgan Blocks Russian Money Transfer "Under Pretext" Of Sanctions

 China Burns Speculators as $5.5 Billion Lost on Yuan Bets

By Ye Xie and Kyoungwha Kim Apr 1, 2014 4:22 PM GMT+0100
China is succeeding in making its currency less predictable. Investors are paying the price.
Clients of U.S. commercial banks have lost about $2 billion this year on $332 billion of options betting the yuan would appreciate, while Chinese companies lost $3.5 billion on $150 billion wagered on a benchmark forwards contract, according to data compiled by Morgan Stanley and the Depository Trust & Clearing Corp. in Washington. These contracts, when including bearish bets, account for more than a third of global trading in the Chinese currency.


The Currency War Enters Stage 2: Bank Runs!

March 30, 2014
The Currency War, Stage 2, is already Manifest in another Way. Consider that the Economic/Financial Crises of the early 1930s were characterized by Bank Runs.   We are already seeing such runs this year in Crimea, Ukraine and Rural China.


 Goldman Loan Talk Propels Biggest Bond Advance: Argentina Credit

By Daniel Cancel Apr 1, 2014
Argentina’s effort to repair ties with overseas investors is starting to yield results in the bond market as the country tries to stem a plunge in foreign-currency reserves.


 Goldman Said to Pursue Sale of NYSE Market-Making Unit

By Michael J. Moore Apr 1, 2014
Goldman Sachs Group Inc. (GS) is seeking a buyer for its New York Stock Exchange designated market-making business acquired through the 2000 purchase of Spear, Leeds & Kellogg, a person briefed on the matter said.


Expensive chaos: Billions of dollars meant for Afghanistan development wasted

Published time: April 01, 2014 12:27
'A lot of fraud' in Afghanistan is hampering any positive results Western money might bring, the head of oversight for US work in Afghanistan believes. RT’s correspondent in Kabul has witnessed some of the misspending.


Albuquerque security forces use tear gas on raging protesters after fatal police shooting

Published time: March 31, 2014
Albuquerque police have violently cracked down on protesters, using tear gas and arresting several demonstrators, after over nine hours of unrest. Hundreds expressed their anger over last week's police shooting that saw a homeless man killed.


April 01, 2014 19:25

Bolivian miners clash with police at mining law protest

Bolivian police clashed with groups of independent miners in Cochabamba in central Bolivia on Monday during a protest against a new mining law.


China: Dozens Beaten Bloody, up to Ten Possible Deaths at Maoming Anti-PX Protests

Taiwan 500,000 Join National March Against China Trade Pact

Tens of thousands First Nation children died in residential schools

 March 30th, 2014
The death records of tens of thousands of First Nations children who died during the time residential schools were operating in Canada have been handed over to the Truth and Reconciliation Commission.
Several provincial governments gave up the records to the commission, which will now cross-reference the information with student lists to determine who among the children died while in the care of the church-run schools and where they might be buried.


Sunday, 30 March 2014

march 29,2014: News Updates

JPM’s Top Commercial Bankruptcy Lawyer Dead in a Minivan Hit & Run

China currency liberalization to be a 'seismic event': Australia

SYDNEY Thu Mar 27, 2014
(Reuters) - China realizing its ambitions to internationalize the yuan is likely to be a "seismic event" for global markets, leading to large capital flows and perhaps a new reserve currency, a top Australian central banker said on Wednesday.


Bundesbank, PBOC in Pact to Turn Frankfurt Into Renminbi Hub (1)

By Angela Cullen and Weixin Zha March 28, 2014
Germany’s Bundesbank and the People’s Bank of China agreed to cooperate in the clearing and settling of payments in renminbi, paving the way for Frankfurt to corner a share of the offshore market.


China EximBank lends $1.2 billion to German firms for Chinese ships: Xinhua

BEIJING Sat Mar 29, 2014 4:00am GMT
(Reuters) - Export-Import Bank of China (EximBank) will lend $1.2 billion to German shipping firms Peter Dohle Shiffahrts-KG and Bernhard Schulte for the purchase of Chinese ships, the official Xinhua news agency reported.


Lufthansa Pilot Strike to Cancel Hundreds of Flights April 2 to 4

The strike, which will run from midnight on April 2 until 11:59 p.m. (2159 GMT) on April 4, will likely result in the cancellation of hundreds of flights, and will be the third strike to hit Frankfurt, Europe’s third largest hub and Lufthansa’s home base, within six weeks.


 Revealing Tunisia's corruption under Ben Ali

New World Bank report shows how Tunisia's ousted Ben Ali regime tailored laws to enrich cronies at the public's expense.


EU to review energy policy: Merkel

English.news.cn   2014-03-28 06:07:48
BERLIN, March 27 (Xinhua) -- German Chancellor Angela Merkel said on Thursday that the European Union would review its energy policy and reduce its reliance on Russian oil and gas.


Merkel highlights Russia sanctions during visit by Canada's Harper

German Chancellor Angela Merkel has expressed hope alongside her Canadian counterpart Stephen Harper that further sanctions against Russia won't be necessary. She also praised a recent free trade deal with Canada.


Trade, Crimea to set tone as China's Xi heads to Germany

Berlin (AFP) - Chinese President Xi Jinping begins a landmark visit to fellow export powerhouse Germany Friday, the third leg of his European tour, expected to cement flourishing trade ties and focus on the Crimea crisis.


Iceland Dismantles the Corrupt - Then Arrests Ten Rothschild Bankers

Submitted by ronb28135 on Fri, 03/28/2014

The best part, is that they have arrested ALL Rothschild/Rockefeller banking puppets, responsible for the Country’s economic Chaos and meltdown. Last week 9 people were arrested in London and Reykjavik for their possible responsibility for Iceland’s financial collapse in 2008, a deep crisis which developed into an unprecedented public reaction that is changing the country’s direction..."


Money from the gods: Iceland's auroracoin & a new kind of independence

The "Massive Gift" That Keeps On Giving: How QE Boosted Inequality To Levels Surpassing The Great Depression

march 28 14
A week ago, the official truth about QE, once upon a time mischaracterized as being a means to boost US employment (which is misreported in such an optimistically biased way that even the Fed now admits is ridiculous, and had to scrap its forward guidance as a result) and grow the economy, emerged when the Fed's Fisher admitted that "QE was a massive gift intended to boost wealth."


Thousands march against Haiti's Martelly in Port-au-Prince (0:55)

March 29 - Demonstrators call for the resignation of President Michel Martelly in Haiti's capital.


Thursday, 27 March 2014

March 27, 2014: News Updates

 BOE to Sign Agreement With China on Yuan Clearing Next Week

By Lyubov Pronina Mar 26, 2014 5:15 PM GMT+0000
The Bank of England and People’s Bank of China plan to sign an agreement next week to enable the clearing and settlement of yuan transactions in London as the U.K. seeks to become an offshore hub for trading the currency.


Crete Protests Against Syria’s Chemicals Weapons Disposal in Mediterranean Sea

March 24, 2014
Over 5000 Cretans from every corner of the island flooded Arkadi Sunday, March 23, to rally against the destruction of Syria’s chemical weapons in the Mediterranean Sea.
The most contentious part of the project, includes a plan to neutralize some 20 tons of mustard gas and neurotoxic agents in international waters between Gavdos, a tiny island off the shore of Crete, and Malta, on board a 648-foot U.S vessel acting as a mobile station for destroying chemical weapons.


 March 26, 2014, 6:20 p.m. EDT

Citi, four other banks see capital plan rejected by Fed

‘Needless to say, we are deeply disappointed by the Fed’s decision,’ CEO says


Obama says 'bigger nations cannot simply bully smaller ones'. Wait... what?

UN Gen Assembly adopts resolution backing Ukraine's territorial integrity

Published time: March 27, 2014
 One hundred UN member countries voted in favor of the resolution, while 11 voted against and 58 abstained. The resolution is non-binding.
Armenia, Belarus, Bolivia, Cuba, North Korea, Nicaragua, Russia, Sudan, Syria, Venezuela and Zimbabwe were the nations, which said ‘no’ the UN resolution.


 Greece Said to Be in Line for 8.3 Billion-Euro Rescue Payment

By Rebecca Christie, Nikos Chrysoloras and Sandrine Rastello Mar 27, 2014
Greece is set to receive a commitment from euro-region authorities as soon as mid-April for a payment of 8.3 billion euros ($11.4 billion) in the next step in the country’s aid program, three officials familiar with the negotiations said.


 Ukraine Unlocks $27 Billion International Aid Deal

By Daryna Krasnolutska and Daria Marchak Mar 27, 2014 12:34 PM GMT+0000
Ukraine reached a preliminary deal with the International Monetary Fund to unlock $27 billion of international support to avert default and limit economic damage from a four-month political crisis. Bonds and stocks gained.


Ukraine Parliament Rejects IMF's Bailout Terms (As US Passes Ukraine Aid Bill)

mar 27 14
The US Senate is more than happy to hand over a few billion and confirm sanctions:


But, it seems the IMF's requirements for Ukraine's bailout are too much for the locals to bear:


Lawmakers will continue to work on the bill as it seems they approve the top-line budget but not the taxes required to get there... beggars can be choosers again maybe?


Turkey Blocks YouTube After New Audio Leaks

March 27, 2014
The Turkish national telecoms authority, Telecommunication Presidency (TİB) sent an order to all internet service providers and told them to block access to Youtube from Turkey today. This decision was been made right after Prime Minister Erdoğan said “Youtube is behind Twitter!”


Kirch suits prompt new probe, raid of Deutsche HQ, Bloomberg says

March 25, 2014 10:18 AM
Prosecutors are now investigating Deutsche Bank employees and attorneys who represented the bank and the bank's Frankfurt headquarters was raided as part of the new probe into fraud allegations, reported Bloomberg.


German Prosecutors Add Board Member Stephan Leithner to Deutsche Bank Probe

IB TimesBy M Rochan | IB Times – 21 hours ago

German prosecutors, probing whether Deutsche Bank employees gave misleading evidence in the civil lawsuit brought by the heirs of late media mogul Leo Kirch, have expanded their investigation to include a second bank board member.


Document: JPMorgan Chase Bets $10.4 Billion on the Early Death of Workers

Families of young JPMorgan Chase workers who have experienced tragic deaths over the past four months, have been kept in the dark on many details, including the fact that the bank most likely held a life insurance policy on their loved one – payable to itself. Banks in the U.S., as well as other corporations, are allowed to make multi-billion dollar wagers that their profits from life insurance policies on employees will outstrip the cost of paying premiums and other fees. Early deaths help those wagers pay off.


Ex-Washington Post exec found dead at hot-spot

A former vice president of The Washington Post was found dead on the floor at a Hell’s Kitchen hot spot, surrounded by a needle, a pipe and pills, sources said.


Bill 4 Passes: B.C. Parks Now Officially Open…To Pipelines and Drilling

A little-known Bill, the Park Amendment Act, that will drastically alter the management of B.C. parks is set to become law today, creating controversy among the province’s most prominent environmental and conservation organizations. The passage of Bill 4 will make way for industrial incursions into provincial parklands including energy extraction, construction of pipelines and industry-led research.


UK threatened to shut down Guardian for printing Snowden leaks

Obama, Pope Francis meet for first time

ABC, CBS, CNN, FOX, NBC All Want Your Chemtrail Photos

Paraguayans hold nationwide strike

Wednesday, 26 March 2014

March 26, 2014: News Updates

China currency liberalisation to be a "seismic event" - Australia

SYDNEY Wed Mar 26, 2014 8:11am IST
(Reuters) - China realising its ambitions to internationalise the yuan is likely to be a "seismic event" for global markets, leading to large capital flows and perhaps a new reserve currency, a top Australian central banker said on Wednesday.


 Silence on ECB Bank Review May Break on Legal Blind Spot

mar 26/14
The European Central Bank will soon find out how hard it can be to keep a secret.
The ECB’s plan to keep its health check on euro-area lenders under wraps until the completion of a stress test in October could be undermined by national rules requiring disclosure far sooner.


Bank of America to pay $9.3 billion to settle mortgage bond claims

Wed Mar 26, 2014 4:42pm EDT
WASHINGTON (Reuters) - Bank of America will pay $9.3 billion to Fannie Mae and Freddie Mac to settle claims that it sold them faulty mortgage-backed securities during the housing bubble, a U.S. regulator said on Wednesday.


Push in Sardinia for online vote on independence from Italy

Published time: March 26, 2014
he island of Sardinia plans to hold an online referendum on independence from Italy, following in the footsteps of country’s northeastern Veneto region, where a similar vote revealed high separatist moods.

Over 2 million people in Veneto took part in the internet referendum on March 16-21, with 89 per cent of them voting in favor of cutting ties with Rome.


‘Too big to fail’ status gives US banks ‘free pass’ – Fed study

Published time: March 26,


Breakingviews: Italy’s corp gov purge could backfire (2:33)

Mar. 26 - Rome wants state-controlled firms to eject board members under criminal investigation for financial offences. Probity is laudable but this plan could hurt the innocent and create harmful uncertainty.


California state Sen. Leland Yee arrested in corruption case

Updated 1:14 pm, Wednesday, March 26, 2014


3 Secret Service agents benched before Obama trip

By JOSH LEDERMAN / Associated Press / March 25, 2014


Banks have already been paid for mortgages

If banks sell mortgages to investors, via the securitisation industry, how were they ever bust?
Pension funds, insurance companies, hedge funds, etc, buy mortgages and pay banks the principal, plus a premium up front as a lump-sum payment.Therefore, the bank is paid in full, once, for the mortgage....


*This story aired on FOX news and was immediately removed.

Air France said Wednesday that a plane carrying 495 passengers and 22 crew was diverted on its way from Shanghai to Paris after Russia closed part of its airspace because of the launch of a Russian spacecraft to the International Space Station.


Snag delays arrival of Soyuz capsule carrying Russian-American crew at space station

Published March 25, 2014
BAIKONUR, Kazakhstan –  An engine snag has delayed the arrival of a Russian spacecraft carrying three astronauts to the International Space Station until Thursday, NASA said on Wednesday.


The new billionaire political bosses-

march 26 14
Charles and David Koch should not be blamed for having more wealth than the bottom 40 percent of Americans put together. Nor should they be condemned for their petrochemical empire. As far as I know, they’ve played by the rules and obeyed the laws.
They’re also entitled to their own right-wing political views. It’s a free country.
But in using their vast wealth to change those rules and laws in order to fit their political views, the Koch brothers are undermining our democracy. That’s a betrayal of the most precious thing Americans share.


Opinion: Time to rein in the climate change carbon baggers

Why are World Economic Forum, IMF and World Bank being so obstinate in maintaining an increasingly discredited position?


Vatican removes German 'bishop of bling' over luxury home

VATICAN CITY Thu Mar 27, 2014 12:33am IST
(Reuters) - The Vatican removed a German bishop on Wednesday because he spent 31 million euros ($43 million) of Church funds on an extravagant residence when Pope Francis was preaching austerity.


Rothschild Inherits a Semiconductor Patent For Freescale Semiconductors -

Bloomberg editor resigns over disagreements with editorial policy

 Does Our System Select for Incompetent Sociopaths?   (March 26, 2014)

What is the shelf life of a system that rewards confidence-gaming sociopaths rather than competence?
Let's connect the dots of natural selection and the pathology of power.


Egypt's Sisi to resign as minister, pave way for presidential bid-report

Wed Mar 26, 2014 3:11pm EDT
CAIRO (Reuters) - Field Marshal Abdel Fattah al-Sisi was expected to step down as Egypt's defense minister on Wednesday, paving the way for him to run for president in an election he is expected to win easily.


Tuesday, 25 March 2014

March 25, 2014: News Updates

Russia to Launch its Own Payment System, the ‘Universal Electronic Card’, to Bypass Visa, Mastercard etc

The 8:30 AM Gold Dump, Carry Pump Is Right On Time


This morning's pre-open is dominated by deja vu all over again. Just as we saw yesterday, right on cue at 830ET, gold (and silver) are unceremoniously dumped and USDJPY is pumped so as to ensure stocks look shiny for the US open (and Biotech can be dumped to the next greater fool). Oil is not moving, 30Y bonds are weaker, and the USD is flat... all makes perfect sense if you don't think about it.


Iraq Buys Massive 36 Tonnes Of Gold In March

Published in Market Update  Precious Metals  on 25 March 2014


Venezuela's Maduro Averts Military Coup, Arrests Three Air Force Generals

A day after Venezuela formally devalued its currency by way of the new and improved FX central planning system SICAD II, which sent the official value of the Bolivar 89% lower, the government desperately needed a distraction. It got just that when earlier today Socialist par excellence Nicolas Maduro announced that he had narrowly avoided a coup after he arrested three air force generals suspected of plotting an uprising against the leftist government.


 **Philippines prepares for historic peace deal

MILF rebels in the Philippines are about to sign a breakthrough peace deal to end the 40-year conflict.

 25 Mar 2014 12:42

Cotabato City, Philippines - Weeks before Benigno Aquino III was elected president of the Philippines in 2010, the rebel group Moro Islamic Liberation Front (MILF) hosted a secret meeting with a high-ranking US embassy official and two American dignitaries....
Four years into his presidency, Aquino is set to oversee the signing of a final peace agreement with the MILF, the country's largest Muslim rebel group. Supporters hope the deal creating the autonomous Bangsamoro region will bring an end to 40 years of armed conflict in Mindanao that has killed at least 120,000 people and displaced more than two million. It is expected to be signed this Thursday, March 27.


SEC Is Probing Dealings by Banks and Companies in Loan Securities

Updated March 24, 2014 8:16 p.m. ET
The Securities and Exchange Commission is investigating whether a Wall Street boom in complicated bond deals is creating new avenues for fraud, according to people close to the probes.


U.K. to Sell $7 Billion Lloyds Bank Stake to Money Managers

By Gavin Finch and Ambereen Choudhury Mar 25, 2014
The government is selling a 7.5 percent stake to money managers to cut its holding to about 25 percent, U.K. Financial Investments Ltd., which manages the government’s stake in the lender, said in a statement. The 5.35 billion shares will be sold at a price set by an accelerated bookbuilding, UKFI said.


What A Bank Run In China Looks Like: Hundreds Rush To Banks Following Solvency Rumors

Swiss set to make British ex-UBS banker head of financial regulator

ZURICH Tue Mar 25, 2014 9:10pm GMT
(Reuters) - The Swiss government is set to appoint British-born former banker Mark Branson as the first non-Swiss national to head its financial regulator, two sources said, just as the body probes currency markets and prepares for a major review of big banks.


IRS Rules Bitcoin Is Property (Not Currency)

After less than three months consideration, the IRS has issued its statement clarifying th etax treatment of Bitcoins (and other virtual currencies) before the April 15th Deadline. The finding, summarized, is that Vitual currencies will be treated as property (not as a currency) which, as WSJ notes, means an investor who buys bitcoin would typically have a capital gain or loss when it’s sold. The price of Bitcoin is rising modestly on this news...


French consumer watchdog sues Facebook, Twitter and Google

March 25, 2014 -- Updated 1753 GMT (0153 HKT)
Paris (CNN) -- France's top consumer watchdog filed a lawsuit Tuesday against Facebook, Twitter and Google, accusing them of breaching Internet users' privacy, in the latest crackdown against data-collection policies.


 Malaysian Air, Boeing Data on Plane Sought in U.S. Court

By Andrew Harris and Erik Larson Mar 25, 2014 8:24 PM GMT+0000
Malaysian Airline System Bhd. (MAS) and Boeing Co. (BA) records on Flight 370’s maintenance and crew are being sought by a law firm representing the father of one of the missing flight’s passengers, the opening salvo in what may end up being a barrage of litigation over the plane’s disappearance.


Two killed at US Navy base in Virginia

Tue Mar 25, 2014 3:5PM GMT
Two people aboard a guided-missile destroyer at a US Navy base in Norfolk, Virginia, were shot and killed late Monday.


‘Queen could be axed in new Scotland’

A senior Scottish National Party (SNP) has floated the idea of axing the Queen in an independent Scotland if the Scottish people voted ‘yes’ in a referendum to be held in September this year.


Sydney's Catholic Archdiocese has assets over $1 billion, royal commission told

Kim Dotcom’s Mega to get listing at New Zealand stock exchange

Published time: March 25, 2014 20:12
Mega, a cloud storage service founded by cyber fugitive Kim Dotcom, is heading for the New Zealand stock market for NZ$210 million ($179 million) via a back door listing.


Chileans demand constitution reform

Sun Mar 23, 2014 7:59AM GMT
Chileans have held a demonstration in the capital, Santiago, to demand constitutional reform.


Sunday, 23 March 2014

March 23, 2014: News Updates

 World’s Richest Gain $26 Billion as Sanctions Hit Russia

The 300 wealthiest people on Earth added $25.6 billion to their collective net worth this week as the U.S. government imposed economic sanctions on several Russian billionaires.


How China Imported A Record $70 Billion In Physical Gold Without Sending The Price Of Gold Soaring

How (& Why) JPMorgan & COMEX Should Be Sued For Precious Metals Manipulation

 Korea Exchange Seeks Cut of $3 Billion Illegal Gold Trade

By Heesu Lee Mar 23, 2014
South Korea’s equity exchange will start offering physical gold trades for the first time today, as the government seeks to curb as much as $3 billion of black-market transactions.


Putin prompted states to arm to teeth: Harper

The Canadian prime minister says Russia’s decision to incorporate and send troops into the Black Sea peninsula of Crimea prompts world nations to "arm themselves to the teeth."


Visa, Mastercard block US-sanctioned Russian banks

Military Airbus breaks down with Queen Sofía on board: fourth mechanical failure this year

By: thinkSPAIN , Sunday, March 23, 2014
A PLANE carrying Queen Sofía from Guatemala to Spain suffered a breakdown during a 'technical' stop in the Dominican Republic – the fourth mechanical failure of an aircraft carrying a Spanish statesperson in as many months.


March 23, 2014, 8:59 AM

Report: Germans seize cocaine on its way to Vatican

CIA orchestrating breakup scenario: Dr. Tarpley

“The CIA is promoting the breakup of national states. The policy is mini states, macro states, failed sates, partitioned studies and so forth,” said Dr. Webster Griffin Tarpley in a Saturday interview with Press TV.


Venice votes to split from Italy as 89% of the city's residents opt to form a new independent state

Insider Selling Reaches 25-year High as Smart Money Dumps Stocks Before The Coming Crash

Turkish military shoots down Syrian warplane

Israel closes embassies all over the world as diplomats go on indefinite strike

Above 6,000 German companies to be hit by sanctions on Russia- export body

Mass march for political reform in Chile ends in clashes (PHOTOS)

 Anti-austerity protesters march in Spain

Thousands of protesters from across Spain called for an end to austerity measures amid the country's economic crisis.
Last updated: 23 Mar 2014 00:58


 Twitter ban sparks outrage in Turkey

Turkey's president, the opposition and the EU criticise the ban, introduced just days before crucial local elections.


 Protesters Storm Taiwan Cabinet Office on China Trade Pact Anger

Bill Clinton identified in lawsuit against his former friend and pedophile Jeffrey Epstein who had 'regular' orgies at his Caribbean compound that the former president visited multiple times

Are UFO experts being murdered? New book to investigate 'pattern' of deaths