Debtor nation: Americans pay interest on $163 billion held by top tech firms ove...
United States taxpayers make large interest payments to the top four technology firms for the $163 billion in US government debt the companies own and shelter in tax-free offshore accounts. United States taxpayers make large interest payments to the top four technology firms for the $163 billion in US government debt the companies own and shelter in tax-free offshore accounts, RT reports. Apple, Cisco Systems, Google, and Microsoft legally hold $124 billion in US Treasury securities and $3...Diplomacy requires respect for Russia — German newspaper
Germany’s daily Die Welt (The World) has raised the issue of the West’s disrespect for Russia, which has resulted in the lack of an adequate dialogue. “Who fails to respect Russia will not achieve anything by diplomatic means,” says German author and journalist Ulf Poschardt about events in Ukraine. “Russia feels being scorned by the West,” he goes on. “Following the mainly peaceful collapse of the Soviet Union, there is a feeling of certain resentment against Russia, which cannot be expla...Second round of intra-Syrian talks to end in Geneva with no results
The second round of intra-Syrian talks called upon to end a three-year civil war in Syria is to end in Geneva on Saturday, with no substantive results expected. The efforts of joint United Nations and Arab League special Syria envoy Lakhdar Brahimi to make negotiators from the Syrian government and opposition, represented by the National Coalition of Syrian Revolutionary and Opposition Forces (NCSROF), who gathered in Switzerland, to even formulate the agenda, were vain, Itar-Tass reports. ...Women 'better at multitasking' than men, study finds
It's not a myth - women really are better than men at multitasking, at least in certain cases, a study says. Men were slower and less organised than women when switching rapidly between tasks in tests by UK psychologists, BBC reports. Both sexes struggled to cope with juggling priorities, but men suffered more on average, according to the paper in the journal BMC Psychology. It says: "The question now is why? And is it all types of multitasking, or only certain situations?" The researche...Greenspan fears US government set for more debt stalemate
Former US Federal Reserve Chairman Alan Greenspan has said that a repeat of the crisis that brought the country close to default is "perfectly conceivable". He told the BBC that he had not seen another situation in Washington where "compromise" seemed so far away. Mr Greenspan confessed to sympathies with the economic aims of the Tea Party, the faction that fought the government during debt ceiling talks. But the former central banker said the Party's tactics were "undemocratic". Mr Gr...Morgan Stanley profit beats Street as equity trading surges
Morgan Stanley posted a higher-than-expected quarterly profit on Friday as stock trading revenue jumped 31 percent, a surprisingly strong performance in a quarter when most rivals posted smaller gains or even declines in that business. The rise in stock trading revenue offset most of the decline in fixed-income, currency, and commodity trading, where revenue fell 44 percent. Morgan Stanley has had difficulty with fixed-income trading for years, but in the third quarter weak market conditions ...We feel ugliest on a Monday morning - which is when cynical beauty firms target ...
Monday mornings are rarely a time for celebration. We're too rushed to put on a decent face of make-up, too tired to go to the gym, and very possibly nursing the effects of an excessive weekend. And now there's another reason to hate Mondays as a study reveals that not only do we feel ugliest on the first day of the working week - but that information is used by cynical beauty companies who cash in on our insecurities, The Daily Mail reports. The study, by London-based global media age...Global economic crisis 'linked to suicide rise'
The recent economic crisis could be to blame for an increase in suicide rates in Europe and America, say experts. Their analysis in the British Medical Journal looked at data from 54 countries to assess the global impact of the financial problems triggered by the collapse of US credit and housing markets in 2008, BBC reports. In the year after the crisis began, the male suicide rate rose by 3.3% overall. This was largely in the countries where there were more reported job losses. The r...China data boosts Asian shares, Nikkei sprints on Olympics
Upbeat Chinese trade and inflation data lifted Chinese shares to three-month highs and boosted regional shares on Monday, while Japanese shares rallied and the yen dropped after Tokyo won its bid to host the 2020 Summer Olympics. The dollar licked its wounds and U.S. debt yields were off two-year highs after a disappointing U.S. jobs report on Friday, which raised speculation the Federal Reserve may minimize the size of a likely reduction in stimulus many investors expect later this month, Re...WikiLeaks posts 400 gigabytes of encrypted ‘insurance’ data online
WikiLeaks has released a trove of encrypted “insurance” data on Twitter and Facebook. The data can’t be read without an encryption key, but the movement’s supporters say that could be published later in case anything happens to leading WikiLeaks figures. The whistleblowing organization published links for a massive 400 gigabytes worth of encrypted data it described as “insurance documents” on its Twitter and Facebook accounts. It is possible to download the files but advanced encoding prevent...US consumer inflation rises to 2%
The pace of US consumer price inflation increased in July, pushing the annual rate of inflation to 2% - the rate targeted by the Federal Reserve. That was up 0.2% from the previous month, with petrol prices still rising. The US Department of Labor said housing, food and clothing costs all increased, adding to inflation. Analysts said the figures did not lessen the expectation that the Fed would begin rolling back its economic stimulus measures in the near future. "There's nothing in [t...Nuke deals to proceed despite US-Russian spat – paper
Two agreements on nuclear industry cooperation, meant to be signed at the upcoming meeting of US and Russian presidents, will likely be salvaged despite the meeting’s cancellation, a newspaper said Saturday. US President Barack Obama and his Russian counterpart Vladimir Putin were to sign the two deals at their meeting in Moscow on September 3, Russian daily Kommersant reported. One deal was to boost bilateral contacts and information exchange on nuclear weapons proliferation under the aeg...Turkey distorts the reality – expert
Turkey’s Foreign Affairs Ministry issued a statement over the incident with the Turkish shepherd which says that ‘Turkey strictly condemns the murder of Turkish citizen’. Russian side released preliminary information that the Turkish citizen opened fire at the Russian border guards while trying to penetrated into Armenia’s territory. Asked to comment on Turkish FM’s statement, Turkologist Ruben Melkonyan said there is first a legal side in it as the inter-state border is being gu...LER-EX company’s tailing dump exploited with violation
The Pan-Armenian Nature Protection Front’s coordinating council has applied to the Nature Protection Minister Aram Harutyunyan in connection with the situation with the tailing dump of the LER-EX company. According to the Nature Protection Front, the plastic pipes passing near the tailing dump have been damaged and the river water passing through it has filled in the tailing dump and mixing with its dirty water falls into Geghi River endangering the environment. The employees of the company th...
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