USA - Texas and 10 other states will sue the Obama administration over a directive that forces states to adjust their policy to allow transgender students to use bathrooms that match their gender identity.
USA - Individuals living in New York City can choose from a minimum of 31 different gender identities, many of which allow them to fluctuate between some version or combination of male or female identities. Businesses that don’t respect and accommodate an individual’s chosen gender identity risk incurring six-figure fines [up to $250,000] under rules implemented by the city’s Commission on Human Rights.
UK - The Treasury recently brought out its report on the long-term effects of Brexit, saying they will be dire. This week it followed that up with equally severe warnings about the short-term impact. Both are flawed. George Osborne was forced to admit to Jacob Rees-Mogg in a Treasury select committee hearing that he has made unfavourable assumptions about Brexit in the crucial “World Trade Organisation option”.
GERMANY - Weeks after declaring that there is no place for Islam in Germany, a surging nationalist party has sharpened its rhetoric against prominent Islamic groups and suggested limiting the religious freedom of the more than 4 million Muslims in the country.
RUSSIA - Russia will continue to put forward at the UN General Assembly its draft resolution on “Combating glorification of Nazism and other practices that contribute to fueling contemporary forms of racism, racial discrimination, xenophobia and related intolerance.” It is a traditional initiative from Russia which is widely supported by United Nations member-states with a growing number of countries co-sponsoring the resolution every year.
HUNGARY - Any resettlement of migrants in European Union member states must be strictly voluntary, as mandatory resettlement is unacceptable, Parliamentary Speaker László Kövér said in Luxembourg. Threats to sanction member states that do not take in migrants “do not suggest a democratic disposition,” Kövér told a conference of EU house speakers. This is the same power politics that Hungarians had come to know “from another union” before 1990, he said. Hungary is ready to make financial contributions to any efforts that aim to resolve the migrant crisis outside of Europe, he said. Hungary views the EU as a partnership of equal, sovereign nation states as opposed to a “United States of Europe” concept. He said Hungary “cannot and will not ever compromise” on democracy or national sovereignty.
UK - The ban on GM crops by European countries should be reassessed, the president of UK science body the Royal Society says. Professor Venki Ramakrishnan said the science of genetic modification had been misunderstood by the public and it was time to set the record straight. He said it was inappropriate to ban an "entire technology" and products should be assessed on a case-by-case basis. But opponents say GM crop technology is untested and the ban should remain.
UK - Urging people to follow low-fat diets and to lower their cholesterol is having “disastrous health consequences”, a health charity has warned. In a damning report that accuses major public health bodies of colluding with the food industry, the National Obesity Forum and the Public Health Collaboration call for a “major overhaul” of current dietary guidelines.
USA - In 2007, more than a dozen of the world’s largest banks colluded to deliberately depress the rate at which they paid out on investments. This rate is known as the London Interbank Offered Rate (LIBOR), which is the average of interest rates estimated by each of the leading banks in London that it would be charged were it to borrow from other banks.
GERMANY - The domestic political disquiet over the refugees since the March 13 state elections in Germany has not subsided. On the contrary, the debate about German identity and the chancellor’s governance has grown more intense.
USA - On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed with the authority to basically strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at interest. With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business.
EUROPE - Over recent weeks I have traversed the country debating whether the UK should leave the EU. I have been struck by the way that most speakers for Remain readily acknowledge that the euro is a disaster yet still argue that we should stay in the EU. Apparently, they regard these two as unrelated, or at least as separable.
USA - Trevor Timm of the Electronic Freedom Frontier dug up a very interesting nugget. It was embedded in the heralded December 2013 White House task force report on spying and snooping. Under Recommendations, #31, section 2, he found this: “Governments should not use their offensive cyber capabilities to change the amounts held in financial accounts or otherwise manipulate financial systems.”
EUROPE - Eurozone finance ministers have struck a deal with Greece and the International Monetary Fund to release over €10 billion in emergency bailout payments, much of which Athens will send straight back to its creditors to avert default in the summer. Eurogroup President Jeroen Dijsselbloem confirmed that an agreement has been reached to green light €10.3 billion ($11.5 billion) in bailout loans to Greece. The bailout cash will be released in tranches, with over €7.5 billion ($8.4 billion) to be allocated in June, and another payment expected sometime in the fall. Meanwhile Slovakia's Finance Minister Peter Kažimír said that the new tranche will provide Greece with enough “breathing space until October.”
USA - Have you noticed that our planet has begun to shake, rattle and roll? Over the past few days we have seen major volcanic eruptions in Costa Rica and Indonesia, and according to Volcano Discovery 40 volcanoes around the planet are erupting right now as you read this article.