USA/UK - America's biggest banks are now in a position to go bust without state intervention, the Bank of England's deputy governor declares. The deputy governor of the Bank of England has declared an end to the era of taxpayer bail-outs for the world's giant lenders.
USA - In the past five years it has become apparent that America can survive a near-fatal financial system collapse, an economy teetering on the edge and kept ticking only thanks to the Fed's now perpetual QE, a collapsing standard of living for everyone but the wealthiest 0.1%, declining wages, zero interest rates, surging food, energy, rent, tuition and welfare costs, and pretty much everything else, as long as the welfare state keeps humming along.
MANSFIELD, LOUISIANA, USA - Shelves in Walmart stores in Springhill and Mansfield, Louisiana were reportedly cleared Saturday night, when the stores allowed purchases on EBT cards even though they were not showing limits.
TEMPLE MOUNT, JERUSALEM, ISRAEL - Jerusalem police arrested 10 Jews who prayed and sang Israel's national anthem "Hatikva" on the Temple Mount on Monday morning. They had come as part of a group of 30 who were divided by police into smaller groups, as part of a host of restrictions imposed upon Jewish visitors.
UK - The Foreign Office is facing mounting calls from MPs to spearhead an international response to the jihadist slaughter of Christians by Islamic extremists.
UK - More than 600,000 unemployed European Union migrants are living in Britain at a cost of £1.5 billion to the NHS alone, according to an EU report.
VATICAN - Pope Francis met with Martin Schulz, President of the European Parliament today at the Vatican Apostolic Palace. President Schulz’s visit coincided with the publication of an essay written by him to commemorate the 25th anniversary of Pope John II’s visit to the European Parliament.
VATICAN - After the conclusion of their meetings, two cardinals from Pope Francis' group of eight reveal that curia reform will largely focus on service to Pope Francis and the universal Church in its various areas.
USA - President Obama used his weekly radio address to reject the latest offer from House Republicans to end the fiscal stalemate. The outline of their proposal was released Friday and would have reopened government through December and lifted the debt ceiling for six weeks.
USA - Finance officials from the world's biggest economies on Friday pressed the United States to head off a potentially devastating default and vowed to proceed carefully when the time comes to normalize monetary policy.
PORTUGAL - As austerity continues to wreak havoc for families in Portugal, people are turning to volunteer charities to provide them with food parcels. Charities are now essential in the lives of increasingly deprived sectors of the population.
UK - Austerity measures and the economic downturn in the UK have prompted the British branch of the Red Cross to begin formulating an emergency food aid plan for Britain – the first the charity has set up for the country since WWII.
USA - Travelers who crack jokes about the TSA’s ludicrous security procedures could face arrest, according to a new loudspeaker warning being broadcast at airports in the US.
MADAGASCAR - Madagascar faces a bubonic plague epidemic unless it slows the spread of the disease - with prisoners in the island's rat-infested jails particularly at risk, experts warn.
UK - Britain is becoming [a nation] of singletons, partners and co-habiters, as the number of people choosing not to marry has rocketed by 3.6 million in just a decade, according to new figures.