David Cameron: Britain will decide on votes for prisoners not a 'foreign court'
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The Prime Minister said Britain should be able to decide whether its tens of thousands of prisoners vote, rather than a "foreign court". He backed MPs for last year deciding to keep the 140-year-old ban on prisoner voting, even though the European Court of Human Rights (ECHR) has ruled that this must be changed.
Published on Wednesday 23rd of May 2012 08:43:45 AM
Christine Lagarde tells Britain to step up recovery plan - IMF calls for drastic actions
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The Bank of England should cut interest rates, print more money and ease the regulatory pressure on banks as part of a radical set of measures to return Britain to recovery, the International Monetary Fund has urged. In an unusually alarmist annual assessment of the UK, IMF managing director Christine Lagarde said that "growth is too slow and unemployment too high, and policies to bolster demand before low growth becomes entrenched are needed" Warning that weak growth was putting the country at risk of permanently high unemployment, the Bretton Woods institution called for swift and co-ordinated action between the Bank...
Published on Wednesday 23rd of May 2012 08:43:45 AM
EU commission to outline plans for political union
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The European Commission has said it will soon bring forward plans for an economic and political union it says is necessary for the creation of debt-mutualizing eurobonds—one of the most controversial proposed solutions to the current eurozone crisis. "We need to reflect what kind of European union would be required to deepen economic and political integration, for instance so that joint issuance of debt would make sense for all member states sharing the single currency," economics commissioner Olli Rehn told MEPs on Tuesday (22 May). He said the commission would "soon" come up with a "medium to long term roadmap"...
Published on Wednesday 23rd of May 2012 08:43:45 AM
EU Statement Suggests Arabs Can Throw Stones at Protests
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A statement issued by the European Union on Tuesday seemed to suggest it supports Palestinian Authority Arabs’ rights to throw stones during non-violent protests. The statement, released on Tuesday by the spokesperson of Catherine Ashton, High Representative of the European Union for Foreign Affairs and Security Policy, criticized Israel for convicting PA Arab Bassem Tamimi of dispatching stone-throwers and protesting illegally. An Israeli court convicted Tamimi on Sunday, according to an AFP report. The 45-year-old was charged with soliciting stone-throwing based on evidence that he directed such incidents from the roof-tops. He was arrested on March 24, 2011, AFP reported,...
Published on Wednesday 23rd of May 2012 08:43:45 AM
Consider California, Illinois EU-Style Failed States
Posted by admin / Under Russia
The euro zone isn't the only economy reeling from "failed states." The United States has several of its own — most notably California and Illinois. According to the CIA's world factbook, California's economy is the ninth largest in the world with a gross state product of $1.9 trillion. Illinois' economy is the world's 23rd largest economy with a gross state product of nearly $630 billion. These are impressive figures, to be sure, but both states have seen their global position slip in recent years — and further erosion is likely thanks to poor fiscal stewardship and anti-competitive tax increases. Both...
Published on Wednesday 23rd of May 2012 08:43:45 AM
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