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international / economics and finance / press release Friday January 19, 2018 19:05 by Lydia C. Andrews
As the Senate and White House struggle to avert a government shutdown, US disaster victims from Puerto Rico to Texas worry a deal on relief and recovery aid will continue to be delayed. read full story / add a comment
international / economics and finance / other press Monday January 01, 2018 14:18 by 1 of indy 2 comments (last - tuesday january 02, 2018 14:26)
This is a repost of an important topic that doesn't get enough coverage by Peter Koenig for the Saker blog and is about the rapid move towards a cashless society which is being sold to us as only positive. This is highly unlikely to be the case.
The other day I was in a shopping mall looking for an ATM to get some cash. There was no ATM. A week ago, there was still a branch office of a local bank – no more, gone. A Starbucks will replace the space left empty by the bank. I asked around – there will be no more cash automats in this mall – and this pattern is repeated over and over throughout Switzerland and throughout western Europe. Cash machines gradually but ever so faster disappear, not only from shopping malls, also from street corners. Will Switzerland become the first country fully running on digital money?
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Corporate tax rates set to hit zero by mid-century and Ireland gets a red card in new report released Mon 4th Dec
New report analyses developments across Europe and finds:
European governments are leading a race to the bottom which will see average global corporate tax rates hit zero by 2052. A detailed analysis of 17 EU member states and Norway reveals 12 governments have either just cut their corporate tax rate, or are planning to do so in the near future.
Ireland receives a 'red card' in the report, as one of only two countries to receive all red in a traffic light ranking scoring a number of measures identified by civil society as key steps to bring an end to tax dodging.
Half the countries analysed, including Ireland, are found to have harmful tax practices, which can be used by multinational corporations to avoid taxation.
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international / economics and finance / press release Thursday November 30, 2017 22:07 by Lydia Andrews
As the Senate pushes tax reform, the head of a religious development group expressed concern over parts of the House and Senate proposals that could harm low income people in the United States and people in the developing world. read full story / add a comment
The Irish banks are repeat criminal offenders. Back in the 1980’s, the banks helped thousands of wealthy customers to avoid their taxes in what became known as the DIRT scandal. Brian O'Boyle writes.
The DIRT scandal involved bank managers telling staff to pretend their customers were living overseas. AIB were particularly guilty of this offence eventually paying €90 million back to the Revenue Commissioners. Even when they were caught the banks illegally moved tens of millions of pounds to the Isle of Man and the Channel Islands. read full story / add a comment
More than 130 faith communities across the United States are praying and acting for hurricane victims during religious services this weekend. read full story / add a comment
IMF and World Bank Meetings Begin With Growth Forecasts and Crisis Risk Warnings; Development Group Says We Lack Tools to Prevent Next Global Economic Crisis
The International Monetary Fund (IMF) and World Bank begin their annual meetings which run between October 13th and 15th. read full story / add a comment
international / economics and finance / press release Wednesday October 11, 2017 15:39 by Abby Wilhelm
The International Monetary Fund (IMF) releases its biannual report on global economic stability and presents new indicators it says can help predict financial crisis. read full story / add a comment
international / economics and finance / press release Wednesday October 04, 2017 16:25 by Abby Wilhelm
In an interview with Fox News on Tuesday, President Trump called for Puerto Rico's debt to be wiped out. read full story / add a comment
Puerto Rico and US Virgin Island Religious Leaders Issue Debt and Aid Statement As President Trump Visits Islands
international / economics and finance / press release Tuesday October 03, 2017 20:07 by Abby Wilhelm
As President Trump visits Puerto Rico and the US Virgin Islands, island religious leaders are calling for aid, debt relief and measures to end child poverty. The statement is issued by San Juan's Catholic Archbishop, Roberto González Nieves, St. Thomas' Catholic Bishop Herbert A. Bevard and Evangelical Bible Society Head Reverend Heriberto Martínez. read full story / add a comment
international / economics and finance / press release Tuesday September 19, 2017 18:22 by Abby Wilhelm
Caribbean islands recovering from Hurricane Irma, now confront Hurricane Maria. read full story / add a comment
international / economics and finance / press release Thursday September 14, 2017 17:14 by Abby Wilhelm
On behalf of Caribbean Catholic Bishops, Bishop Gabriel Malzaire called for islands dealing with Hurricane Irma to receive debt relief. read full story / add a comment
international / economics and finance / press release Thursday September 07, 2017 16:16 by Abby Wilhelm
As Hurricane Irma heads to the US coast, a religious development group is calling for debt payments to be suspended until Antigua and Barbuda and other severely impacted Caribbean nations recover from the storm. read full story / add a comment
Representatives Carolyn Maloney (D-NY) and Peter King (R-NY) heralded the House introduction of the Corporate Transparency Act at a press conference at the House Triangle. The bill aims to prevent shell companies from hiding corrupt and criminal activity. read full story / add a comment
reland must assert its sovereignty and invest the proceeds of the AIB shares in public infrastructure, according to leading economist, Paul Sweeney of TASC.
The main reason for investing this capital in Ireland, Mr Sweeney said, is that it generates bigger returns than the savings on the interest on the national debt. Furthermore, the extraordinarily low level of public investment is manifested in the housing crisis and hospital overcrowding. read full story / add a comment
WSWS.org carries a report on the plans of the new French president - Emmanuel Macron -who was presented as an outsider but in fact was not and in cohorts with the corporate controlled media misled the French people, for now he is about to launch the greatest assault yet on workers conditions.
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On Thursday 30th March, Dr Brendan K. O'Rourke, DIT, will deliver a talk entitled: 'The Economy and Public Discourse'.
How do we talk about the economy? To whom do we listen about the economy? In these times of austerity, Brexit and right-wing populism, these questions are crucial for those who value democracy and equality. Can we avail ourselves of expertise on the economy and at the same time avoid accepting elitist ideologies? How can we understand the role of the media in this process? This seminar overviews some of the discourse analytical research being done in this area. read full story / add a comment
The Financial Oversight and Management Board of Puerto Rico warns "the Commonwealth soon will be unable to pay essential services, including pensions, education, healthcare and public safety," as soon as June. read full story / add a comment
international / economics and finance / news report Thursday February 23, 2017 19:05 by Greg Williams
Treasury's Financial Crimes Enforcement Network (FinCEN) renewed requirements for title insurance companies to identify the real owners behind shell companies in six major metropolitan areas. read full story / add a comment
n August, a paper entitled “Inter-Governmental Group on Fuller Working Lives” appeared. It was an irrelevant document that did nothing to tackle the growing threat of poverty for older people.
The numbers aged 65 and over is estimated to increase from 570,000 in 2013 to 855,000 in 2026. But the government has already raided the National Pension Reserve Fund that was designated to pay for these growing numbers.
Workers contributed to this fund but it was literally stolen. There was €22 billion in it when the Celtic Tiger crashed but about €17 billion was used to bail out the banks. The rest was used to set up an Irish Strategic Investment Fund which has become a means of funnelling cheap credit to business people. read full story / add a comment
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