Greece cannot afford the IMF repayment in June

•May 26, 2015 • 2 Comments

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http://www.bbc.com/news/business-32864068

Greece cannot make a repayment to the International Monetary Fund (IMF) due on 5 June as it does not have the money, the interior minister says.

“The four instalments for the IMF in June are €1.6bn, this money will not be given and is not there to be given,” Nikos Voutsis told Greek TV.

Greece has to come to a deal with the IMF and EU to secure the final tranche of its bailout from the institutions.

The finance minister meanwhile told the BBC that progress was being made.

Yanis Varoufakis said Greece had worked hard to meet its end of the deal with its lenders, and that now it was up to the international institutions to reciprocate.

“Greece has made enormous strides at reaching a deal,” he told the Andrew Marr Show.

“It is now up to institutions to do their bit. We have met them three-quarters of the way, they need to meet us one-quarter of the way.”

———–

they will..they wont..they can..they cant..maybe yes..maybe no..just one big game of bluff..but all events have now been factored in..there wont be any surprises no matter what happens..this is well and truly planned to the minute.

“The four instalments for the IMF in June are €1.6bn, this money will not be given and is not there to be given,”

401

Indian banks may offer interest on gold deposits of above 30 grams

•May 26, 2015 • 2 Comments

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http://in.reuters.com/article/2015/05/19/india-gold-deposit-bank-interest-idINKBN0O41JP20150519

India could allow individuals deposit a minimum of 30 grams of gold with banks in return for interest payments to help monetise large quantities of the metal lying with households, a step that is aimed at cutting expensive imports.

Trying to mobilise 20,000 tonnes of unproductive gold owned by Indian households into cash, Finance Minister Arun Jaitley in his budget speech on Feb. 28 unveiled the gold monetisation scheme.

Banks could treat gold deposits as part of their cash reserve ratio (CRR) or statutory liquidity ratio (SLR), the finance ministry said in its guidelines released on Tuesday to seek opinions about its gold monetisation scheme. It said the stakeholders could respond to its suggestions by June 2.

The SLR is the minimum amount of bonds that banks must have, while the CRR is the share of deposits they have to compulsory keep with the central bank.

“Both directionally and in terms of content, this draft reflects a practical approach,” said Somasundaram PR, managing director of World Gold Council’s India operations.

“Once the incentive framework falls into place to the satisfaction of the banks, customers and others, we will own a uniquely Indian scheme that allows gold to become a dynamic, fungible asset in the hands of gold savers.”

Indians’ penchant for gold spans centuries and is rooted in the Hindu religion, with the Diwali festival being one of the biggest annual buying seasons. Gold also forms part of dowries and it is an instrument of financial security for 70 percent of India’s rural population.

The government is trying to convince households, who sometimes have little faith in financial institutions, to break the tradition and hand over gold passed down the generations.

Under the scheme, customers’ will have to deposit gold for at least a year and banks may pay the interest after 30 or 60 days of the opening of the gold savings account, the proposal said.

———–

“Trying to mobilise 20,000 tonnes of unproductive gold owned by Indian households into cash, Finance Minister Arun Jaitley in his budget speech on Feb. 28 unveiled the gold monetisation scheme.”

thats what it is..

“customers’ will have to deposit gold for at least a year and banks may pay the interest after 30 or 60 days of the opening of the gold savings account”

they want the gold back in the banks hands..

401

Saudis to get nuclear weapons

•May 26, 2015 • 1 Comment

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http://www.thesundaytimes.co.uk/sto/news/world_news/Middle_East/article1557090.ece

SAUDI ARABIA has taken the “strategic decision” to acquire “off-the-shelf” atomic weapons from Pakistan, risking a new arms race in the Middle East, according to senior American officials.

The move by the Gulf kingdom, which has financed much of Islamabad’s nuclear programme over the past three decades, comes amid growing anger among Sunni Arab states over a deal backed by President Barack Obama, which they fear could allow their arch foe, Shi’ite Iran, to develop a nuclear bomb.

The agreement, which is due to be finalised by the end of next month and involves the permanent members of the UN security council and Germany, is designed to roll back part of Tehran’s nuclear programme in return for an easing of UN sanctions.

http://rt.com/news/259565-saudi-pakistan-nuclear-weapons/

At the prospect of the international community’s nuclear deal with Iran, Saudi Arabia has reportedly taken a decision to call in an old favor from Pakistan and get some of its nuclear weapons.

Saudi Arabia is widely believed to have bankrolled the Pakistani nuclear weapons program. In exchange, Riyadh reportedly expects Islamabad to provide missiles in times of trouble to defend the kingdom.

“For the Saudis the moment has come,” a former American defense official told The Sunday Times newspaper. “There has been a longstanding agreement in place with the Pakistanis, and the House of Saud has now made the strategic decision to move forward.”

According to the report, no actual transfer of weapons has taken place yet, but “the Saudis mean what they say and they will do what they say,” the source reportedly said.

The report comes a month ahead of a meeting between Tehran and the P5+1 group to finalize a deal, which would lift sanctions from Iran in exchange for making its nuclear program more transparent and restricted. Key US allies in the Middle East, Israel and Saudi Arabia, are objecting to the deal, saying it would ultimately allow Iran to acquire nuclear weapons.

Reports of Saudi Arabia getting nukes aren’t new. In November 2013, BBC’s Newsnight reported on the alleged nuclear sharing agreement between Saudi Arabia and Pakistan.

The program cited Amos Yadlin, a former head of Israeli military intelligence, telling a conference in Sweden that if Iran got the bomb, “the Saudis will not wait one month. They already paid for the bomb, they will go to Pakistan and bring what they need to bring.”

The speculation came just as nuclear talks between Iran and the P5+1 were showing progress in Geneva.

————

thats just what we need..

“There has been a longstanding agreement in place with the Pakistanis, and the House of Saud has now made the strategic decision to move forward.”

a cynic would say thats why pakistan was allowed to build up its nuclear capability..

“the Saudis will not wait one month. They already paid for the bomb, they will go to Pakistan and bring what they need to bring.”

401

March Against Monsanto: 400 cities in more than 40 countries

•May 26, 2015 • 7 Comments

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http://www.abc.net.au/news/2015-05-24/world-wide-protests-against-monsanto/6492712

From Paris to Ouagadougou, thousands of people have taken to the streets to protest against the American biotechnology giant Monsanto and its genetically modified crops and pesticides.

The third annual March Against Monsanto was held in upwards of 400 cities in more than 40 countries.

About 2,500 people staged anti-Monsanto protests in the Swiss cities of Basel and Morgues, where the company has its headquarters for Europe, Africa and the Middle East.

Up to 3,000 protesters rallied by environmental organisations including Greenpeace and anti-capitalist group Stop Tafta gathered in Paris, with Monsanto’s market-leading herbicide Roundup the main targets of protesters’ anger.

The controversial product’s main ingredient was recently classified as “probably carcinogenic to humans” by the World Health Organisation.

Organisers said ahead of the marches the multinational biotech giant had claimed that genetically modified crops would actually lead to a decrease in Roundup use.

But they pointed to US Geological Survey data that revealed the use of Roundup’s key component glyphosate had increased 16-fold since the mid-1990s when genetically modified organisms (GMOs) were first introduced.

“Looking for mass suicide? Go for Roundup,” read one placard at a French protest in the western city of Rennes.

In a march in another French city, Toulouse, protesters called for more protection for bees, amid international alarm at recent population declines of the vital pollinator.

Halfway around the planet in Burkina Faso, about 500 people marched against the US giant, which introduced GM cotton into the west African country in 2003.

Demonstrators demanded a 10-year moratorium on the planting of Monsanto seeds so “independent research can be conducted” into the effects of the technology.

Up to 1,000 anti-Monsanto activists gathered in front of the European Parliament in Strasbourg as the sun was setting for a minute’s silence “in homage to the existing and future victims poisoned by pesticides”, according to the organisers.

The worldwide March Against Monsanto was begun in 2013 by the Occupy movement and has become an annual event.

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“main ingredient was recently classified as “probably carcinogenic to humans” by the World Health Organisation.”

“probably”??..yet they are 99.99% sure of global warming!

“Looking for mass suicide? Go for Roundup,”

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Poland election: President Komorowski concedes to rival Duda

•May 26, 2015 • Leave a Comment

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http://www.bbc.com/news/world-europe-32862772

Polish President Bronislaw Komorowski has conceded the election to conservative challenger Andrzej Duda following the release of exit polls.

They suggested Mr Duda had taken the run-off vote by 53% to 47%.

Mr Duda had edged Mr Komorowski, who had been the favourite, in the first round but did not gain the 50% needed to win outright.

The president has limited powers, but is head of the armed forces and can veto new laws.

The exit polls had been delayed after a woman died at a polling station on Sunday.

Official results are expected on Monday.

“I respect your choice,” Mr Komorowski told voters at a gathering of his supporters. “I wish my challenger a successful presidency.”

Speaking to supporters in Warsaw, Mr Duda said: “Thank you President Bronislaw Komorowski for the rivalry of this presidential campaign and for your congratulations.

“Those who voted for me voted for change. Together we can change Poland.”

The victory will be a wake-up call to Prime Minister Ewa Kopacz, an ally of Mr Komorowski, ahead of parliamentary elections this autumn.

http://en.wikipedia.org/wiki/Andrzej_Duda

Is the President-elect of the Third Republic of Poland, a Polish lawyer, politician and Member of the European Parliament.

His father in law is Julian Kornhauser.

http://en.wikipedia.org/wiki/Julian_Kornhauser

Julian Kornhauser (born 20 September 1946 in Gliwice, Poland) is a Polish poet and literary critic.

He was born to Jewish family, as a son of Jakub and Małgorzata Kornhauser. He is an author of poems, novels, literary sketches; as well as translations of Serbian and Croat poetry. At present, he works as a professor at the Jagiellonian University in Kraków. His son-in-law is Andrzej Duda, the official candidate of the Law and Justice party for the office of President of Poland in the 2015 Polish presidential elections.

————

another ones bites the dust..

“The president has limited powers, but is head of the armed forces and can veto new laws.”

fair amount of power there i would suggest..

401

Japan to inject $110bn in Asian infrastructure projects

•May 25, 2015 • 2 Comments

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http://rt.com/business/260825-japan-billions-asia-infrastructure/

Japan is going to provide $110 billion for infrastructure projects in Asia. The move is seen as an attempt to keep up with China that boosted its dominance in the region by establishing the Asian Infrastructure and Investment Bank.

“We intend to actively make use of such funds in order to spread high-quality and innovative infrastructure throughout Asia, taking a long-term view,” said Prime Minister Shinzo Abe at a symposium of Asian officials and experts on Thursday.

Abe emphasized Japan’s focus on quality, saying it plans to provide advanced technology, such as coal power plant knowhow, high-speed rail systems and e-vehicles.

Around half of the funds will be provided by state affiliated agencies in aid and loans, the rest will be issued in partnership with the Japan-led Asian Development Bank (ADB). The government also hopes the aid will attract private funds to meet the demand for infrastructure in the region.

The plan announced by Abe is expected to increase Tokyo’s infrastructure funding by 30 percent.

The total funds Japan plans to invest in roads, railways, ports and other projects over the next five years is expected to exceed the $100 billion capitalization of the China-led Asian Infrastructure Investment Bank (AIIB).

———-

japan..the asian state of america will look to rival china and its “banker of last resort” playbook..

“Around half of the funds will be provided by state affiliated agencies in aid and loans, the rest will be issued in partnership with the Japan-led Asian Development Bank (ADB).”

game on..

401

LHC smashes energy record with test collisions

•May 25, 2015 • 4 Comments

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cms-collisions

http://www.bbc.com/news/science-environment-32809636

A new record has been set by the Large Hadron Collider: its latest trials have smashed particles with vastly more energy than ever before.

On Wednesday night, two opposing beams of protons were steered into each other at the four collision points spaced around the LHC’s tunnel.

The energy of the collisions was 13 trillion electronvolts – dwarfing the eight trillion reached during the LHC’s first run, which ended in early 2013.

At that point, the beams will contain many more “bunches” of protons: up to 2,800 instead of the one or two currently circulating. And the various experiments will be in full swing, with every possible detector working to try to sniff out all the exotic, unprecedented particles of debris that fly out of proton collisions at these new energies.

For now, however, the collisions are part of the gradual testing process designed to ensure nothing is missed and nothing goes awry when the LHC goes into that full “collision factory” mode.

“We begin by bringing the beams into collision at 13 TeV (teraelectronvolts), and adjusting their orbits to collide them head-on,” said Ronaldus Suykerbuyk from the operations team at Cern – the organisation based near Geneva in Switzerland that runs the LHC.

———–

“The energy of the collisions was 13 trillion electronvolts”

i guess thats big?

“the collisions are part of the gradual testing process designed to ensure nothing is missed and nothing goes awry when the LHC goes into that full “collision factory” mode.”

“collision factory”..sounds ominous..

401

 
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