USA - Texas wants its gold back from the Yankees, wherever they’re keeping it. Governor Greg Abbott signed a law last week to build a depository for its 5,600 bars of the precious metal and, as he said in a statement, “repatriate $1 billion of gold bullion from the Federal Reserve in New York.” The gold, it turns out, isn’t at the New York Fed - it’s in a rented vault in midtown Manhattan - and is worth about $650 million.
USA - Contrary to all of the misleading propaganda spewing from the media, Wall Street and DC about a robust job market and an improving economy, the average American is living hand to mouth. Of course, if they can’t find one of those make-believe jobs created by the Government statisticians, the taxpayer helps the average American live hand to mouth.
VATICAN - Pope Francis said Wednesday that it may be "morally necessary" for some families to split up, marking a change of tone in the Catholic Church's attitude to troubled marriages. "There are cases in which separation is inevitable," he said during his weekly general audience, with a message hoping to encourage greater compassion in the Church ahead of a highly anticipated global meeting on family life in October.
USA - The largest capacity reservoir in the United States has hit its lowest water level in history following years of severe drought that have dramatically reduced flows from the Colorado River, water managers said on Wednesday.
ISRAEL - Jewish, Christian and secular writers are all focusing their attention on this coming September. Those whose eyes and ears are open understand that the time is pregnant with possibilities for a dramatic End of Days scenario. The end of the current Shemitah cycle, the final blood moon of the current series and worldwide economic instability are all set to converge in the coming months.
GREECE - Leftist party is forced to defend its plans from extreme left and right-wing critics amid prospect of a government collapse over concessions to creditors. Embattled Greek Prime Minister Alexi Tsipras is facing a revolt within his radical Left party over austerity measures the country must approve to secure its future in the euro.
GREECE - Greek Prime Minister Alexis Tsipras has criticised Greece's international creditors for failing to accept his government's latest reform proposals. He said that this never occurred with equivalent measures put forward by Ireland and Portugal when they were negotiating bailouts. Either the creditors did not want a deal or were serving "special interests", he added.
GREECE - Greece should leave the euro and then establish a currency board. But Syriza seems to prefer welfare dependency to harsh reality. In looking for areas of common ground between Germany and Greece - quite a search, I can tell you - I eventually stumbled across the following, shared experience; that of hyperinflation. Both of them have relatively recent experience of this economically and socially crippling phenomenon.
GREECE - The atmosphere in the branch of Alpha Bank in central Athens is calm and businesslike. Below the quiet murmur of the tellers, there is little to suggest that Greece is facing a banking disaster that could force it out of the euro. But teller Costas Alafouzos says a steady stream of customers have been taking out their money as expectations have grown that Greece could be facing a decisive turning point after a crisis that has lasted more than five years. "You don't see it, there are no lines but its happening. There has been a rise in withdrawals, mostly in cash this last week," he said.
GREECE - Earlier today we showed why Greece is now literally living on borrowed time. The combined €2.9 billion in ELA cap increases ‘generously’ bestowed upon the flailing Greek banking sector by the ECB last week looks to have been barely enough to keep things from “ending very differently” (to quote Kathimerini) at the ATMs on Friday.
UK - Nobody really knows for sure how we’ll respond to being weaned off the drug of easy money. In ordinary circumstances, George Osborne’s latest borrowing figures would be greeted with utter horror by City scribblers. If economists had been told in 2005 that a decade hence the government would be forced to borrow £10.1 billion in a month, their reaction would have been a combination of disbelief, bafflement and horror.
GERMANY - Left-wing German politician and former finance minister Oskar Lafontaine had some harsh words for the US on its politics concerning Russia and Ukraine. He has also called on the EU to oppose Washington.
USA - Privacy advocates claim always-listening component was involuntarily activated within Chromium, potentially exposing private conversations. Privacy campaigners and open source developers are up in arms over the secret installing of Google software which is capable of listening in on conversations held in front of a computer.
EUROPE – It is a short tram ride from the massive building that houses the European Union’s Council of Ministers to the Brussels office of the German think tank Stiftung Wissenschaft und Politik (SWP). On a recent morning, both provided equally revealing illustrations of Germany’s growing political clout in Europe.
ISRAEL - A treasure-trove of raw gold worth billions of dollars is believed to be sitting under Mount Eilat in southern Israel, Breaking Israel News has learned. In an exclusive interview, Rabbi Yehuda Glick, the Executive Director of The Temple Mount Heritage Foundation in Jerusalem, revealed the news, which had been kept under wraps for the last several years.