On Friday, in a moment of predictive insight, Bank of America correctly warned that the greatest threat to EPS – i.e., markets – in the next 3 years “is an acceleration of global populism via taxation, regulation & government intervention.”
Just one day later, this warning to the financial establishment was starkly manifest in that ground zero for Europe’s populist revolt, Italy, where the country’s coalition government hinted at where the global populist wave is headed next when he slammed the country’s central bank leadership and stock market regulator, escalating its attacks on establishment figures ahead of the European parliamentary vote in May.
Matteo Salvini, the outspoken head of the anti-immigrant League party, said the Bank of Italy and Consob, the country’s stock market regulator, should be “reduced to zero, more than changing one or two people, reduced to zero”, or in other words eliminated, and that “fraudsters” who inflicted losses on I Continue reading…
HUNGARY’S GOVERNMENT IS greatly increasing financial aid and subsidies for families with several children, the country’s prime minister said yesterday.
The measures announced by Viktor Orban during his “state of the nation” speech are meant to encourage women to have more children and reverse Hungary’s population decline.
The benefits include a lifetime personal income-tax exemption for women who give birth and raise at least four children; a subsidy of 2.5 million forints (€7,817) towards the purchase a seven-seat vehicle for families with three or more children; and a low-interest loan of 10 million forints (€31,271) for women under age 40 who are marrying for the first time.
Orban, who has made “zero tolerance” for immigration his main theme in the past four years and was elected to a third consecutive term last April, said the initiative is meant to “ensure the survival of the Hungarian nation”.
Ger O’Donoghue, candidate councilor for Renua in Enniscorthy Wexford, revealed during his launch speech at the Riverside Hotel, the extent to which the Irish government has neglected Rosslare Harbour, which is Ireland’s best direct connection to mainland Europe, bypassing the UK “land bridge” to Europe. This land bridge presents a major problem to the UK and Irish governments with the upcoming BRexit, especially in the event of a no deal BRexit. The imposition of customs at the port of Dover will create miles of backlog for trucks from Ireland heading to Europe. Continue reading…
South Africa’s offshore has just yielded a massive natural gas and condensate find that could open a new exploration province for oil majors and change the energy fortunes of the country.
France’s major Total said that it had made a significant discovery on the Brulpadda prospects off the southern coast of South Africa.
“With this discovery, Total has opened a new world-class gas and oil play and is well positioned to test several follow-on prospects on the same block,” said Kevin McLachlan, Senior Vice President Exploration at Total.
According to Total’s chief executive Patrick Pouyanne, the discovery could hold 1 billion barrels of oil equivalent of gas and condensate resources.
The operator of the license, Total, and its partners Qatar Petroleum, CNR International, and South African consortium Main Street, now plan to acquire 3D seismic data this year, followed by up to four exploration wells on the license.
Knife homicides in England and Wales hit a record high during the 12 months up to March 2018, with the deaths “destroying lives and shattering communities.” 285 killings were committed, the biggest number since records began.
The report, released by the Office of National Statistics (ONS), shows that homicides caused by a knife or sharp instrument, increased by a whopping 73 on the same period for 2016-2017. The previous high was recorded in 2008 when 268 victims died.
The figures from the Homicide Index data reveal that the highest increases occurred within the 16 to 24, and 25 to 34 male age groups.
White victims of fatal stabbings made up around two thirds of the total at 179, the highest for a decade. Meanwhile, 70, a quarter of those killed, were black. It is the highest number and proportion of black victims since the year ending March 1997.
David Lammy, the Labour MP for Tottenham, blamed poor government policy and its failed war on drugs, which Continue reading…
Exactly 69 years ago, on February 8th, 1950, the fledgling German Democratic Republic(GDR) officially debuted its security service, dedicated to monitoring and preventing outside influences – particularly from the West.
While the many crimes of Nazism still loom large in the popular imagination, we must never forget that for almost 40 years, many East Germans lived in terror of the Ministerium Staatssicherheit – more commonly known as the ‘Stasi’.
With close links to the Russian intelligence services – specifically the KGB – the new organization was provided with training and equipment by the Soviets. This was in order to root out sources of dissent and identify supposed ‘subversive individuals’ who might work against the ‘socialist dream’.
The Stasi employed thousands of soldiers, analysts, officials and technical specialists as part of its apparatus across East Germany, and as a consequence nearly every workplace, public venue and educational ins Continue reading…
Ireland’s reputation as being a world renowned place for free thinking writers, authors and journalist’s seems numbered. In today’s world of Marxist Universities and dumbed down consumerism, not many 21 year millennials are able to write, research and compose a decent article. It is also rare to find a student that is not blindly and fanatically following the Establishment left wing soundbytes, even though students are meant to question established thought patterns, in order to discover, create and invent new things and ideas. An Irish student has penned an article calling for diversity amongst nations to be upheld, as he states, the concept of egalitarianism has not worked in this sphere and has been shown to be a false paradigm. Egalitarianism and diversity seem to be at odds, meaning open discussion is required… something the left hates.
So-called “white monkeys” are working illegally outside major Chinese cities, exhibited to be gawked at and photographed, like a monkey in a cage, according to media reports.
New arrivals in smaller provincial cities appear at bizarre promotional events derisively called “monkey shows”, the South China Morning Post reported. Those whose English is too accented or not fluent enough to teach are taking part in monkey shows in order to provide for themselves.
English-speaking local agents act as intermediaries for the “monkeys” and Chinese clients, for a cut of their fees of 20 to 30 percent. The best agents reportedly also protect their clients from the worst excesses of small-town Chinese businesses, and are often willing to deal with their landlords and banks.
“Most are here on student visas to learn Chinese, but they never go to class,” said Alice, one of those agents, who didn’t want to have her Chinese name published.
In the latest frustrated comment from the EU as Brexit dealings crumble, European Commission boss Jean-Claude Juncker said his job in Brussels was “hell.” The quip came after another top EU official spoke of a hell for Brexiteers.
The Devil’s domain was first mentioned by EU Council president Donald Tusk, when he lambasted the UK authorities over their attempts to change the already negotiated withdrawal agreement with the bloc.
“I have been wondering what the special place in hell looks like for those who promoted Brexit without even a sketch of a plan to deliver it safely,” Tusk said.
Juncker was next to appear before the cameras in Brussels on Wednesday. The fun-loving EC chief, who was previously filmed mocking UK PM Theresa May’s dancing moves, just couldn’t let such a fiery comment as Tusk’s lie.
“I’m less Catholic than my good friend Donald. He strongly believes in heaven and by opposite in hell. I believe in heaven and I’ve nev Continue reading…
The Irish rugby team’s Six Nations campaign has patriotism in full swing, and pub tables are sagging under the weight of creamy pints of Guinness. But an ad combining the two was accused of disrespecting diversity.
Guinness is an Irish institution, and a sponsor of the Six Nations rugby tournament. With the tournament underway, the stout-maker found itself in hot water with immigration activists for a series of seemingly innocuous advertisements placed around Dublin last week.
The billboards reading “You don’t pick a side. Your grandparents have done that already”’ appeared ahead of Ireland’s opening match of the tournament against England in Dublin’s Aviva Stadium on Saturday.
Proving that some people will try to ruin everything, journalist Mark Tighe and the taxpayer-funded Immigrant Council of Ireland savaged the company for failing to recognize the “huge benefit our diversity brings.”
France’s “yellow vest” movement demonstrated against alleged police violence in rallies across the country Saturday, as nearly 60 lawyers denounced the treatment of protesters in the courts.
The latest marches came a day after France’s top court threw out a bid to ban weapons that shoot 40-millimeter rubber projectiles blamed for a number of serious injuries.
Thousands of protesters took part in a “march of the injured” in Paris calling for a ban on the weapons.
One of the movement’s leading figures Jerome Rodriguez, who was hit in the eye at last Saturday’s demonstration, was greeted warmly by fellow demonstrators.
The marchers gathered for a rally at Place de la Republique in the city centre, where police used tear gas and water cannons to force demonstrators to keep their distance and clashes broke out with some protesters, some hooded or masked.
A police estimate put the turn-out at 10,500 in Paris, but an independent count carried out for the media, Continue reading…
After more than two months of Yellow Vest protests against the economic policies of the French government, President Emmanuel Macron claimed that he too could be a ‘yellow vest’ if the movement stands for higher salaries.
“If being a yellow vest means wanting fewer parliamentarians and work being paid better, I am a yellow vest, too!” Macron said on Thursday in an attempt to align with the grassroots movement against economic injustice, which was born as a protest against the French government’s policies.
In an interview with several French journalists (BFM TV, Paris Match, Le Figaro) he described the Yellow Vests as a social and political movement without “a fixed claim and leader,” as well as saying that it has “mutated” since its inception and has been “infiltrated by 40,000 to 50,000 militants who want the destruction of institutions.”
Macron also spoke about the RIC – the “Citizens’ Initiative Referendum” – a referendum dem Continue reading…
Tánaiste Simon Coveney has confirmed that the Government is taking legal advice as to how sanctions may be used against striking nurses, including docking their pay.
Mr Coveney said the Government does not want to be at odds with nurses but called on unions to live up to their part of the national pay agreement.
“They are great people, doing very difficult work, often in very pressurised circumstances. We want to be working with nurses, with the INMO and with the psychiatric nurses to build a better health service that can attract many young people into this profession,” he said.
“What the Government has said is that we are taking legal advice in regard to the options that are available to us, consistent with the pay agreement that everybody signed up to with their eyes open,” he told the Dáil.
There is a responsibility on the Government to deliver on that, and that involves hundreds of millions of euro of extra pay across the public sector. There i Continue reading…