Ukraine’s president has told the BBC his country is now in a “real war” with Russia

•May 21, 2015 • 1 Comment

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http://www.bbc.com/news/world-europe-32805555

Ukraine’s president has told the BBC his country is now in a “real war” with Russia – and that Ukrainians should prepare for a Russian offensive.

President Petro Poroshenko told the BBC’s Fergal Keane he did not trust his Russian counterpart, Vladimir Putin.

However he said he had no option but to negotiate with Mr Putin.

Russia denies Western accusations that it has sent regular troops and armour to help the rebels in eastern Ukraine.

The United Nations says at least 6,000 people have been killed since fighting started in eastern Ukraine in April 2014.

Pro-Russian rebels made significant gains in the region, including, most recently, the rail hub of Debaltseve. They, and Russia, have denied they are receiving Moscow’s support.

But Russia’s role has again come into question, after the capture on Saturday of two men Ukraine said were elite Russian soldiers working in eastern Ukraine.

In a video, the men confirmed they were active Russian servicemen, but Moscow said they were no longer employed by the state when they were caught.

———-

great news for the 6000 already killed..they died in a proxy war not a “real war”! *sarcasm

“President Petro Poroshenko told the BBC’s Fergal Keane he did not trust his Russian counterpart, Vladimir Putin.”

i am sure the feeling is mutual..

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Trident whistleblower William McNeilly hands himself in to police

•May 21, 2015 • 3 Comments

MAIN-Trident-Submarine-whistle-blower

http://rt.com/uk/259953-trident-whistleblower-mcneilly-police/

A whistleblower who went on the run after publishing a dossier on 30 alleged safety and security concerns about Britain’s nuclear deterrent has handed himself in to police upon his return to Britain.

William McNeilly, 25, is now being held at a secure military base in Scotland, according to authorities.

The young submariner released an 18-page report online this month, which claimed the Vanguard-class submarines that carry Britain’s Trident missiles were “a disaster waiting to happen.”

He is believed to have been apprehended by UK authorities at Edinburgh airport on Monday evening.

A Royal Navy spokeswoman told RT McNeilly was stopped on Monday night at Edinburgh airport, and is now being detained by Royal Navy police at a military base in Scotland.

The Royal Navy spokeswoman insisted the force rejects McNeilly’s “subjective and unsubstantiated personal views” but that it takes the operations of its submarines and the safety of its staff “extremely seriously.”

She said the body would continue to investigate the issue comprehensively.

The whistleblower’s brother, Aaron McNeilly, said on Facebook on Tuesday morning he felt“happy” his sibling was “safe and well.” He later added his brother was in Scotland, after handing himself in.

In a lengthy Facebook statement on Monday afternoon, McNeilly announced that he was ready to turn himself him after days on the run.

Addressing followers on Facebook, he said:

“I’d rather this was an informative resource for those interested in the case, I am not involved at all with him I just want to get his message out.”

“Anyone that thinks its better to invest £100bn in times like these on nuclear weapons over than over the future of children in this country is pure madness in this age,” he added.

“It’s a sad sight when what looks like military personal, their friends and family have come on here to vent but are behaving like kids.”

A few hours before, he revealed his identity by posting a picture accompanied by the caption: “Some of you may already know I’m an engineering technician on the UKs nuclear weapon system (was), but what you don’t know is, I’ve been working covertly to eliminate the biggest threat to the UK for about a year.”

He also claimed in the statement to have moved between countries and locations on a daily basis using multiple aliases.

———–

an interesting story..a legit whistle blower perhaps? or just an anti nuke activist?

“claimed the Vanguard-class submarines that carry Britain’s Trident missiles were “a disaster waiting to happen.”

might be right..i dont know..i do know when mistakes are made with anything thats nuclear then its always a real disaster..so hes probably right..

i think he might see 4 walls around him for a lengthy period of time..

thoughts?

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Greek debt deal within next week says Varoufakis

•May 21, 2015 • Leave a Comment

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http://www.bbc.com/news/world-europe-32790726

Greek Finance Minister Yanis Varoufakis has said he expects an agreement with the country’s international creditors within the next week.

Greece is fast-approaching bankruptcy and is due to make a payment of €1.5bn (£1.09bn) to the International Monetary Fund (IMF) on 5 June.

Mr Varoufakis told Star TV a deal with creditors was “very close” and denied the country might leave the eurozone.

“Another currency is not on our radar,” he added.

The Greek government, EU and IMF have been locked in negotiations over economic reforms they say must be implemented before the latest €7.2bn tranche of the country’s bailout fund is released.

Issues over pension reform, deregulation of the labour market, and the re-hiring of 4,000 former civil servants are yet to be resolved.

The deadlock has led to concerns that Greece could run out of cash.

Last week, the government raided its IMF reserves in order to pay €750m in debt interest on its existing loans.

Mr Varoufakis said a payment deal was on the cards, but insisted he would reject any compromise he considered “non-viable”.

“I assure you that if we face a dilemma between paying a creditor who refuses to sign an agreement with us and a pensioner, we will pay the pensioner.

“I hope we will be able to pay both,” he added during the live Q&A (in Greek).

On Thursday the country’s Prime Minister Alexis Tsipras will attend the EU Eastern Partnership Summit summit in Riga.

———–

“Another currency is not on our radar,”

for now..

“Greece is fast-approaching bankruptcy and is due to make a payment of €1.5bn (£1.09bn) to the International Monetary Fund (IMF) on 5 June.”

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UK inflation rate turns negative..deflation is in da house

•May 21, 2015 • 5 Comments

pg-4-deflation-graphic

http://www.bbc.com/news/business-32793481

The main measure of UK inflation turned negative in April for the first time on record, with the rate falling to -0.1%.

It is the first time Consumer Price Index (CPI) inflation has turned negative since 1960, based on comparable historic estimates, the Office for National Statistics said.

The biggest contribution to the fall came from a drop in air and sea fares.

Bank of England governor Mark Carney said he expected inflation to remain very low over the next few months.

But Mr Carney added that “over the course of the year, as we get towards the end, inflation should start to pick up towards our 2% target”.

The latest inflation figures show that transport costs were 2.8% lower in April than the same time a year ago, while food was 3.0% cheaper.

Chancellor George Osborne said the inflation figure should not be mistaken for “damaging deflation”.

He added that the lower cost of living – driven by last year’s fall in oil prices – would be a welcome relief for family budgets, in an environment in which average wages were finally beginning to rise.

“Of course, we have to remain vigilant to deflationary risks and our system is well equipped to deal with them, should they arise,” Mr Osborne added.

Shadow chancellor Chris Leslie said: “Any relief for households is welcome, but this month’s figures reflect global trends and [that] doesn’t change the reality that many are still struggling to pay the bills.

“The government must clearly guard against the risk that business investment might be deferred. We need stronger action now to raise productivity to deliver sustainable growth and rising living standards.”

http://www.independent.co.uk/news/business/government-warned-against-complacency-after-george-osborne-claims-uks-slip-into-deflation-is-good-news-10261966.html

Economists have warned the Government against “complacency” after George Osborne claimed that Britain’s first dip into deflation in more than half a century was “good news” for families and the economy.

The Consumer Price Index (CPI) declined by 0.1 per cent in the year to April, mainly due to declining fuel costs and lower food prices, it was announced yesterday – the first year-on-year fall since the price series began in 1996.

Statistical modelling by the Office for National Statistics (ONS) suggests this was probably the first annual drop in CPI since a three-month period of falling prices in 1960.

Japan has been struggling to escape from deflation for much of the past two decades and economists warn a long period of falling prices is economically damaging. But Mr Osborne welcomed the “positive effects” of lower prices.

 ———–

thar she blows..

“Chancellor George Osborne said the inflation figure should not be mistaken for “damaging deflation”

this is just deflation..not the damaging type..the other “good” type..ya know?..ya dont?..yeah, neither do i..in a capitalistic system this is like leprosy..

“Osborne claimed that Britain’s first dip into deflation in more than half a century was “good news”

its all relative though george isnt it?

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JOHN KERRY CALLS FOR THE INTERNET TO BE PLACED UNDER THE AUTHORITY OF THE UNITED NATIONS

•May 21, 2015 • 8 Comments

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1431933448002

http://www.weeklystandard.com/blogs/kerry-internet-needs-rules-be-able-flourish-and-work-properly_949526.html

In a speech today in South Korea, Secretary of State John Kerry said that the Internet “needs rules to be able to flourish and work properly.” This, according to Kerry, is necessary even for “a technology founded on freedom.”

Speaking on behalf of the Obama administration, Kerry said that Internet policy is “a key component of our foreign policy.”

Kerry made his remarks in the context of talking about how international law is applicable to the Internet. “As I’ve mentioned, the basic rules of international law apply in cyberspace. Acts of aggression are not permissible. And countries that are hurt by an attack have a right to respond in ways that are appropriate, proportional, and that minimize harm to innocent parties. We also support a set of additional principles that, if observed, can contribute substantially to conflict prevention and stability in time of peace. We view these as universal concepts that should be appealing to all responsible states, and they are already gaining traction,” said Kerry.

“First, no country should conduct or knowingly support online activity that intentionally damages or impedes the use of another country’s critical infrastructure. Second, no country should seek either to prevent emergency teams from responding to a cybersecurity incident, or allow its own teams to cause harm. Third, no country should conduct or support cyber-enabled theft of intellectual property, trade secrets, or other confidential business information for commercial gain. Fourth, every country should mitigate malicious cyber activity emanating from its soil, and they should do so in a transparent, accountable and cooperative way. And fifth, every country should do what it can to help states that are victimized by a cyberattack.

“I guarantee you if those five principles were genuinely and fully adopted and implemented by countries, we would be living in a far safer and far more confident cyberworld.

“But even with these principles, ensuring international cyber stability will remain a work in progress. We still have a lot of work to do to develop a truly reliable framework – based on international law – that will effectively deter violations and minimize the danger of conflict.

“To build trust, the UN Group of Governmental Experts has stressed the importance of high-level communication, transparency about national policies, dispute settlement mechanisms, and the timely sharing of information – all of them, very sound and important thoughts. The bottom line is that we who seek stability and peace in cyberspace should be clear about what we expect and intend, and those who may be tempted to cause trouble should be forewarned: they will be held accountable for their actions. The United States reserves the right to use all necessary means, including economic, trade and diplomatic tools, as appropriate in order to defend our nation and our partners, our friends, our allies”.

———–

he didnt actually say that but he certainly inferred that the UN is THE body to go to and listen to when it comes to the internet..as highlighted above..

“Third, no country should conduct or support cyber-enabled theft of intellectual property, trade secrets, or other confidential business information for commercial gain.”

wow..hypocrite much?

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Fed and other central banks still unlikely to raise interest rates

•May 21, 2015 • Leave a Comment

Official portrait of Vice Chair Janet L. Yellen. Dr. Yellen took office as Vice Chair of the Board of Governors of the Federal Reserve System on October 4, 2010, for a four-year term ending October 4, 2014. She simultaneously began a 14-year term as a member of the Board that will expire January 31, 2024. For more information, visit http://www.federalreserve.gov/aboutthefed/bios/board/yellen.htm

http://www.modernreaders.com/fed-other-central-banks-still-unlikely-to-raise-interest-rates-yet/25618/lorenzo-tanos

It’s been years since the Great Recession of the late 2000s gutted worldwide economies, but there are still several countries reeling from its effects and still trying to get back on their feet.  And other countries, such as the United States, have had to deal with subpar economic stats in several areas in the March quarter of 2015, with the outlook for quarter two still mixed at best.  That said, experts believe it’s still too early to expect the U.S. Federal Reserve to raise short-term borrowing rates.

The upcoming week, for one, will mark the release of several worldwide economic statistical reports, as well as minutes of meetings from the Fed and the European Central Bank.  There’s also a three-day summit scheduled to take place this week, with the movers and shakers of these central banks and others taking part in a meeting of minds on inflation and Europe’s unemployment situation.   In Europe and the United States, these reports are expected to be largely positive, though China’s erstwhile softness in terms of economic data remains a concern.

All things considered, this week’s stats may not be enough to persuade the Fed to raise interest rates, or for the ECB to curb its ongoing stimulus efforts.  That also applies in the United Kingdom, where the Bank of England’s May meeting may point to a rate hike not taking place for another year.  Currently, the consensus expectation is that the Fed will raise rates in September at the earliest, which is slightly later than the original prediction of a June rate hike.  March’s subpar employment data, for one, was one main reason why many economists began predicting a September rate hike.  But a lack of substantial inflation pressure may be the leading variable preventing the Fed and other central banks from acting quickly on eventual rate hikes.

————

same story in oz..more chance of another cut than a rise..

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Lindsey Graham to join presidential race

•May 20, 2015 • 6 Comments

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http://rt.com/usa/259705-lindsey-graham-president-campaign/

Three-term US Senator Lindsey Graham, a top cheerleader for the so-called ‘War on Terror’ and just about every other US military incursion around the world, has indicated he will run for the Republican nomination for president in 2016.

Graham said Monday he would announce his official decision on June 1 in his hometown of Central, South Carolina. But for now, it appears he will challenge the likes of fellow Senator Ted Cruz for support among the hawkish right wing of the Republican Party.

“I’m running because of what you see on television; I’m running because I think the world is falling apart; I’ve been more right than wrong on foreign policy,” he said on “CBS This Morning,” when asked if his decision was based on fellow Republicans who have already joined the 2016 race.

“It’s not the fault of others, or their lack of this or that that makes me want to run; it’s my ability in my own mind to be a good commander in chief and to make Washington work.”

A diligent hawk who supports bloated Pentagon budgets, The neo-conservative senator known for his bellicose views on foreign policy — and the US military’s place in that policy — is a former US Air Force Judge Advocate.

While he may have aimed for tough-guy bombast during a March visit to the early presidential primary state of New Hampshire, Graham indicated at the event that his first act as president would be to use military force to demand Congress restore the moderate funding cuts to Pentagon and intelligence budgets that were approved by legislators in 2011 to address federal deficits.

“And here’s the first thing I would do if I were president of the United States. I wouldn’t let Congress leave town until we fix this. I would literally use the military to keep them in if I had to. We’re not leaving town until we restore these defense cuts. We are not leaving town until we restore the intel cuts.”

Graham suggested Monday that the 2003 US military invasion of Iraq — which had his vociferous support at the time and for years after — was not based on sound intelligence.

“Going into Iraq, if I’d known … then what I know now, would I have launched a ground invasion? Probably not,” he said. He added that if head known the “intelligence was faulty,” he would have “reconfigured”his strategy for confronting Saddam Hussein, who “needed to go.”

“But at the end of the day, he is gone,” Graham said. “And I’m worried about an attack on our homeland.”

Graham was one of the biggest advocates for military intervention in Syria in 2013.

“I don’t care what it takes,” Graham told Foreign Policy magazine. “If the choice is to send in troops to secure the weapons sites versus allowing chemical weapons to get in the hands of some of the most violent people in the world, I vote to cut this off before it becomes a problem.”

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another player with way to much time and money on his hands..a true neocon..

“I’m running because I think the world is falling apart”

heh..

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