Greece insists that it can make the payment and now they are saying it cannot. French President Hollande is stating a Greek deal is in the works. Auto sales reach ten year high on subprime borrowing and extended loan terms to those who are not qualified. Bail-ins are coming world wide, and a 11 EU countries must enact the Bail-in rules within two months or these countries will be charged. USA Freedom Act was passed which allows the government to continually spy on the American people violating the rights of the people. FBI wants congress to pass a law allowing them to obtain tech companies method and key to break any encryption. FBI flying planes to spy on the American people. US pushing propaganda to remove Assad from Syria.
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Current News – 06.03.2015
- For days, Greek officials have been insistent that the country will make a €300 million payment to the IMF this Friday and thus avoid a default.
- a Syriza spokesman saying that if Tsipras does not ink a deal in the next 48 hours, Greece will miss Friday’s payment.
- The European Central Bank (ECB) has increased the Emergency Liquidity Assistance (ELA) provided to Greek banks by 500 million euros, to 80.7 billion euros from 80.2 billion
- “It is a matter of a few days….we are a few hours away from a possible settlement,” he said, adding that excessive demands on Greece will prevent the country’s return to growth.
- Greece’s debt problem could be resolved by ending austerity, the President of the Confederal Group of the European United Left
- “The debt problem can be resolved first and foremost by ending the austerity policy, as this is one of the reasons debt is augmenting,” Gabrielle Zimmer said
- “Greece, Spain, all Mediterranean countries that have a high debt must find a solution to return the money by taking also into consideration that we have to develop, to have steady growth, so that we can return it,” she said.
- “If there is no demand, it is impossible to collect the revenues to repay the debt,” she added.
- Unemployment in the eurozone fell to 11.1 percent in April, the lowest rate in three years
- The jobless rate in April was down from 11.2 percent in March, The March figure was revised downward from an earlier reported rate of 11.3 percent.
- Having fallen for 5 straight months (and missed expectations for the last 4, we see May’s 201k print (against expectations of 200k) was a modest bounce that will be seen as heralding the post-weather recovery. At 201k, ADP job change remains below every month of 2014 aside from January. large firms 500-999 employees actually saw jobs being shed.
- 3rd monthly decline in manufacturiong jobs…
- Experian’s senior director of automotive finance Melinda Zabritski said, extending the loan term is simply the most logical way for borrowers to buy cars they can’t really afford: “Most longer-term loans help consumers keep monthly payments manageable while allowing them to purchase the vehicles they need without having to break the bank.”
- In other words, either car buyers are overreaching as homebuyers did prior 2008 or the American consumer is in bad shape courtesy of a sputtering economy and barely existent wage growth. Neither is good…
- Average loan term for new cars is now 67 months — a record.
- Loans with terms from 74 to 84 months made up 30% of all new vehicle financing — a record.
- a fifth of all loans in the collateral pool are made to borrowers with a FICO of between 350 and 500:
- But perhaps the best bubble indicator of all is the rise of the “cash out auto loan”:
“Use your car as collateral — our equity loans can help put your car to work for you.”
- the “cash out auto loan” is the new home equity loan. Welcome to the great American car bubble.
- Markit’s Services PMI in May missed expectations and dropped for the 2nd month in a row to its lowest since January. “Slowing service sector growth adds to signs that the US economy has lost some momentum
- Thirty percent of homeowners 65 and older – some 6.5 million Americans – were still paying a mortgage in 2013, compared to 22 percent in 2011, according to the Consumer Financial Protection Bureau figures The median mortgage held by seniors has more than doubled since 2001 as well, from $43,400 to $88,000.
- The number of Americans 75 and older still paying off home loans rose to 21 percent in 2011 from just 8 percent a decade before,
- A recent report by the National Low Income Housing Coalition, titled “Out of Reach,” found that paying an average $1006 rent for a two-bedroom residence in the US would require the average hourly wage of $19.35, or $40,240 annually.
- Meanwhile, the estimated average hourly wage of renters in the US was $15.16, while the federal minimum wage was $7.25.
- mortgage application volume fell 7.6 percent from one week earlier for the week ending May 29, according to the Mortgage Bankers Association.
- The European Commission has ordered 11 EU countries to enact the Bank Recovery and Resolution Directive (BRRD) within two months or be hauled before the EU Court of Justice
- 11 countries are under pressure from the EC and had yet “to fall in line”. The countries were Bulgaria, the Czech Republic, Lithuania, Malta, Poland, Romania, Sweden, Luxembourg, the Netherlands, France and Italy.
- France and Italy are two countries who are regarded as having particularly fragile banking systems.
- The rules, known as the Bank Recovery and Resolution Directive (BRRD) ostensibly aim to shield taxpayers from the fall out of another banking crisis. Should such a crisis erupt governments will not be obliged to prop up the banks.
The rules seek to shield taxpayers from having to bail out troubled lenders, forcing creditors and shareholders to contribute to the rescue in a process known as “bail-in”.
- creditors now also include depositors of banks. In April, Austria enacted legislation which removed government liability for all bank deposits.
- This bail-in legislation which is being driven by the BIS through the Bank of England, ECB, Federal Reserve and Federal Deposit Insurance Corporation (FDIC) appears designed to protect banks by allowing them to confiscate deposits to prop them up rather than the noble stated objective – “to shield taxpayers”.
- The Russia-led Shanghai Cooperation Organization is gaining more weight with a dozen new nations showing interest in cooperation,
- Russia is considering issuing debt in Chinese yuan in the coming years, which will facilitate Russian corporate borrowers’ access to the Chinese market,
- “In general, study of the Chinese market’s opportunities is currently underway,”
- California’s Senate passed SB 277 that would eliminate exemptions from vaccines other than obtaining a medical exemption and explaining how difficult they may be to obtain from state to state.
- A bill was filed in FL previously, as well as in Congress on May 1, 2015 “The Vaccinate Child Act Of 2015” by FL (D) Representative Frederica Wilson The bill in Congress defines federal mandatory vaccination statewide. She is called into question with having direct ties to the pharmaceutical company Glaxosmithkline via a staff member, her Senior Advisor, Keenan Austin whoseLinkedin profile verifies information as her prior work history shows employment for GlaxoSmithKline as a Senior Pharmaceutical Sales Representative, Macy’s Florida and Abbott Laboratories.
- A piece that was published today by Vaccine Impact, “GlaxoSmithKline Found Guilty Of Deaths of 14 Babies In Vaccine Trial
- The US Senate has passed the so-called US Freedom Act, the first surveillance reform in a decade in America. It comes just over a day after the infamous Patriot Act that provided legal grounds for the National Security Agency’s snooping expired.The only practical effect of the US Freedom Act will be that now the NSA needs to get data from the telephone companies, but the same volume of NSA spying will remain,
- U.S. law enforcement officials expressed concern Wednesday about the growing use of encrypted communication and private messaging by supporters of the Islamic State, saying the technology was complicating efforts to monitor terror suspects and extremists.
- The US Federal Bureau of Investigation (FBI) is requesting congressional support to make US technology and communications companies provide the agency with access to encrypted data and communications, FBI Assistant Director
- The FBI’s inability to access encrypted communications is a “grave” risk,
- The FBI and NSA have previously recommended tech companies provide “digital keys” to allow law enforcement and intelligence agencies to gain access to users’ secured communications.
- This is like saying we need a copy of your car keys, house keys, your passwords, combination to to your house safe, we will hold on to it, but would never use it to spy on you, you can trust us.
- The planes’ surveillance equipment is generally used without a judge’s approval, and the FBI said the flights are used for specific, ongoing investigations. In a recent 30-day period, the agency flew above more than 30 cities in 11 states across the country,The FBI confirmed for the first time the wide-scale use of the aircraft, where they use 13 fake companies, such as FVX Research, KQM Aviation, NBR Aviation and PXW Services. Even basic aspects of the program are withheld from the public in censored versions of official reports from the Justice Department’s inspector general.During the past few weeks, the AP tracked planes from the FBI’s fleet on more than 100 flights over at least 11 states plus Washington, D.C., most with Cessna 182T Skylane aircraft. These included parts of Houston, Phoenix, Seattle, Chicago, Boston, Minneapolis and Southern California.
- This is not Ukraine” is one of the headlines in part of the world media after the failed color revolution attempt in Macedonia conducted by some Western powers and supported by NGOs and the opposition. It seems that the state, the security forces, and the Macedonian people are constantly winning the battles, and slowly but surely, they are emerging as winners in the war against the imperialistic agenda, against fake democracy fighters, and against the millions of dollars poured into the domestic fifth column. According to you, what is this great and historical victory of the Macedonian people and truth attributable to?
- Russia’s Foreign Ministry called on the United States on Wednesday to make public any evidence it has on last year’s crash of Malaysia Airlines’ flight MH17 in eastern Ukraine.
- “If the United States has objective control data from satellites or the airborne warning and control system AWACS, it should be made public. The same applies to recordings of talks between controllers and Ukraine’s military sector,” the ministry said in a statement.
- Fierce fighting is raging between Ukrainian government forces and pro-SouthEastern people in Ukraine,
- The clashes – said to involve heavy artillery and tanks –
- Earlier in the day, a medical worker in the eastern Ukrainian self-proclaimed Donetsk People’s Republic said that at least 60 civilians had been injured in Donetsk during intense shelling along the contact line, with five of them being in critical condition
- US fighter jets stationed in Europe could in the foreseeable future be used to safeguard the airspace of 4 countries (Poland, the Czech Republic, Slovakia and Hungary), Czech media reported Wednesday.
“If an aircraft, commandeered by terrorists, appears in the Czech airspace, or a Russian military plane ‘mistakenly’ crosses in, then US fighter jets could eventually be able to scramble and deal with the intruder,”Until now US fighter jets stationed at Rammstein air base in Germany could only be seen flying regular sorties in Polish airspace.The new plan, thanks to already existing US-Polish accords, would allow US warplanes to fly in the skies of the other V4 states as well.
- The Polish Air Force has a fleet of 50 modernized F-16 fighter planes and 30 upgraded MiG-29s.
- French radio reconnaissance ship Dupuy de Lome (A759) on Wednesday passed the Turkish Straits and entered the Black Sea water area,
- Its main job is to do broad-spectrum radioelectronic surveillance. Specifically, its equipment has a capacity for intercepting telephone calls and emails.
- “During the meeting, [State Department Office of Japanese Affairs] underscored that the governments of the United States and Japan share an unwavering commitment to the construction of Replacement Facility
- “The successful completion of the airfield at Camp Schwab will signal the strength of the Alliance to the region, deterring threats and enhancing peace and stability,” the release went on. The protesters called for shutting down the construction of a replacement base.
- Russia is assembling its S-300/400 surface-to-air missile defense system to begin its shipment to Iran by 2016,
- Iranian gas could be delivered via the Turkish Stream pipeline being developed by Russia in the future, .
- Several Western and Arabic media outlets cited US foreign affairs department spokeswoman Marie Harf as saying on Tuesday that US Assistant Secretary of State for Near Eastern Affairs Anne Patterson had been meeting Yemeni warring factions in Oman to try and persuade them to come to Geneva for a peace conference.
- “I can confirm that there are no Americans at the [negotiating] table. Saudis and other parties are attending, but not Americans,”
- The report Tuesday that Syrian President Bashar Assad is cooperating with Islamic State, which appeared on the Twitter feed of the American embassy in Damascus, should surprise nobody. This cooperation didn’t begin just now; the Syrian regime has long been buying cheap oil from the organization – pumped from Syrian oilfields that Islamic State now controls – and selling it to its citizens.
- But the current cooperation is primarily military, in the battle against other rebel militias, especially the coalition
- This strategy is coordinated with the Assad regime, which is continuing its airstrikes on Aleppo. Assad’s goals are to prevent the Free Syrian Army from conquering the city of Aleppo
- the son of a high ranking Erdogan advisor, a Captain in Turkish intelligence, a pilot name Majeed Kamal. Last week Kamal was with Al Nusra in Aleppo, today he is in Raqaa with ISIS.
- Captain Majeed Kamal regularly drops what he is told is medical equipment into Syria. However, what he drops is military equipment, rockets, mortar rounds and ammunition, as his real job is flying logistical resupply for ISIS units operating against Syrian and Kurdish forces. There are up to two dozen separate groups, some with a dozen members or fewer, fighting against the Damascus government in the region.
- A ranking Iraqi security officer tells a very interesting story. He says that the US has, on two occasions, offered direct air support for Iraqi army operations. Each time ISIS was waiting with an ambush and the US was nowhere to be seen.
- Around 7,000 soldiers are defending Damascus and its surroundings.
- “The goal is to reach 10,000 men to support the Syrian army and pro-government militias, firstly in Damascus,
- State Dep’t: U.S. ‘Not Going to Partner With a Brutal Dictator’ to Defeat Brutal ISIS
- Israel is preparing to carry out a false flag operation in the United States and will blame it on Iran as a strategy to entangle Washington in a war with Tehran, a former US Senate candidate says.
- Mark Dankof said , “I have maintained from the beginning that Israel is planning and will in some point attempt a false flag incident probably within the continental United States that will be facilitated by Israeli intelligence and falsely blamed on Iran,”