25W SOLAR FLOOD LIGHT FOR GARDEN OR BACKYARD Solar flood lights are a great way to illuminate your garden at night without having to worry about running electrical wires. They are...
Since Silicon Valley Bank’s collapse, some commentators have been waking up to the need for a socialization of deposit-taking banking. They’re right — but the same logic leads to a more radical conclusion: a fully socialized capital market, with no private banks.
James Meadway , Jan 6, 2023. BlackRock thinks inflation will come down only if central banks ‘crush’ economies into a severe recession
The world’s largest asset manager has forecast systemic economic chaos. The reality is even worse
The EU Council formalised its position on the European digital identity at the Telecom Council meeting on Tuesday (6 December).
The European digital identity is intended to create a public version of digital wallets in each member state that can be used to identify, authenticate or verify certain aspects such as age in any other EU country.
These wallets will take the form of apps for smartphones. In the digital sphere, the EU’s ambition is to compete with the identification systems currently offered by Big Tech companies like Amazon, Google and Facebook.
“We are looking at a massive advancement in how people use their identity and credentials in everyday contact with both public and private entities, and in how they use digital services,” said Ivan Bartos, Czech Deputy Prime minister for digitalisation.
ICAN and PAX’s latest Don’t Bank on the Bomb Report:“Perilous Profiteering: The companies building nuclear arsenals and their financial backers” exposes the financial institutions making $685 billion available to the nuclear weapon producing companies like Lockheed Martin, Raytheon, Airbus, Northrop Grumman and Leonardo, and shows how divestment is seriously shaking up the industry.
A city guide to divestment
Divesting from producers of controversial weapons: a guide for local authorities
More and more people are moving to cities. The growing trend towards urbanization means that the traditional role of Mayors and City Councils is expanding. To protect their citizens, municipal leaders must embrace a wide range of approaches towards securing their cities. This new reality is reflected in the UN Sustainable Development Goals, particularly Goal 11: Make cities and human settlements inclusive, safe, resilient and sustainable.
Trump's bellicose statements about North Korea and the recent false missile alert in Hawaii have raised global alarm over nuclear war. Now, in an unprecedented step, a draft of the new U.S. Nuclear Posture calls for authorizing nuclear weapons use even in response to a non-military attack
Facebook, Amazon, Alipay and others cut out banks in providing payment services
February 14, 2017
by: Madhumita Murgia and Martin Arnold
"Last October, the Central Bank of Ireland added an unexpected company to its roster of digital payment providers — Facebook Payments International Limited. The licence it granted authorised Facebook to provide basic financial services, such as electronic money transfers, to all citizens of the EU. "“What percentage of bank revenues will come from payments and interchange in 10 years? My bet is it will be a lot smaller than today, because of online services like Ant Financial’s Alipay. That’s a fact of life for banks,” said Mr Parker. “They can either resist it or get on board and exploit it to sell additional services and products.”
Reuters , By Jemima Kelly | LONDON, Sept 29, 2015
Thirteen top banks, including HSBC and Deutsche Bank, have joined a consortium led by financial tech firm R3 that is working on a framework for using blockchain technology in markets, a spokesman for the firm said on Tuesday.
A currency war has been declared, ensuring that the U.S. dollar, Euro, Yen and many other state currencies are linked in a suicide pact. Printing money and endlessly expanding debt are policies that will erode the underlying value of every dollar in people’s wallets, as well as digital funds in their bank accounts. This new war operates in the shadows of the public’s ignorance, slowly undermining social and economic stability through inflation and other consequences of central control. As the Federal Reserve leads the rest of the world’s central banks down the rabbit hole, the vortex it’s creating will affect everyone in the globalized economy
By Leila Ueberschlag, October 27, 2016 at 9:51 am.
Since 2012, 15MpaRato, an organized citizen collective based in Barcelona, has been uncovering some of the largest corruption cases that are shaking Spanish politics since the 2008 financial crisis, and is a good example of fighting the impunity of financial corruption.
"Italy represents a case where for a variety of historical reasons — and perhaps marketing — among the bondholders there appear to be a lot of ordinary individuals. If that is the case, which it appears to be, when you make them bear the cost you are really going after depositors, like happened in Cyprus, which I think the consensus was was a bad idea.
"A rule that works most of the time, that you ought to let the bondholders bear the cost looks like it may not be the right rule for Italy."
Stiglitz: "This is a case where I think the European rigidity may have very high costs both for democracy and for Italy, and for in the end, if there’s a referendum, the future of the eurozone."