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Does anyone believe the "emperor"?

globinfo freexchange The most important question was posed to the "emperor" Draghi, at last. From MarketWatch: “ European Central Bank President Mario Draghi was Monday faced with the million-euro question — is the central bank blackmailing Greece by cutting off regular funding channels for the country’s banks? The question was posed by Portugal’s Marisa Matias, who — in several testy comments — hinted during a European Parliament hearing that the central bank has been dragging the struggling Mediterranean nation down.” “ But in his usual cool fashion, Draghi slapped down claims of any wrongdoing. 'Let me disagree with about everything you said,' the ECB boss opened his comeback. 'Are we blackmailing Greece? That’s a bit rich to say. The ECB has 104 billion euros exposure to Greece. That’s 65% of Greek GDP and the highest exposure in the eurozone.'” “ That’s Draghi speak for 'no blackmailing here.' Later in the hearing he a

Podemos wins 15 seats in Andalusia

“ Podemos, the Spanish anti-austerity party, will be a prominent force in Andalusia’s regional parliament after it won 15 seats in the party’s first election since its ally Syriza triumphed in Greece. The Socialists, who have held power in Andalusia for more than three decades, will continue to govern the region. Lead by Susana Díaz, they won 35% percent of the vote, earning them 47 seats, shy of an outright majority.” “ The People’s party came in second with 27% of the vote, or 33 seats, but the party of prime minister Mariano Rajoy was the biggest loser on the day as the result was a steep drop from the 50 seats it won in the 2012 elections. The Andalusian election generated considerable interest far outside the region’s boundaries. Spain this year will see municipal, regional and general elections across the country and many saw the Andalusian race as a crucial window into electoral sentiment.” “ Podemos’s supporters had previously downplayed their chances

US Constitution benefits corporations, not powerless people

“ Wealthy US corporations have begun to replace powerless individuals as direct beneficiaries of the First Amendment to the US Constitution, obtaining economic gain from others without reciprocating, according to a new study.” “ Nearly half of First Amendment challenges now benefit business corporations and trade groups, instead of powerless people like students, prisoners, civil rights activists and antiwar protesters, says John C. Coates, who teaches business law at Harvard University.” “ Professor Coates found in his study that since 1976, the average number of First Amendment cases in the Supreme Court involving businesses started to rise to 2.2 a year from 1.5, and the number involving individuals started to fall, to 3.6 from 4.3. Such lawsuits have a harmful impact for both free market and the rule of law, Coates says. Corporations are diverting resources from research and innovation to lawsuits in order to institute new regulations in their personal int

Ukraine Crisis : More than 6,000 killed since last April

“ More than 6,000 people have been killed in the conflict in the east of Ukraine since last April, UN High Commissioner for Human Rights Zeid Ra’ad Al Hussein said in Geneva on Monday.” “ In connection with the publication of a regular — ninth — report of the monitoring mission in the field of human rights and freedoms in Ukraine, he drew attention to the civilians’ plight in the zone of hostilities. The human rights situation has 'sharply deteriorated,' said the UN high commissioner, adding that more than 6,000 lives have been lost as a result of combat actions.” “ From mid-April 2014 to 28 February 2015, 5,809 people were documented as killed and 14,740 wounded in the east of Ukraine. Of these, 1,012 were killed and 3,793 wounded between 1 December 2014 and 15 February 2015. Given that full reports on casualties, especially near Donetsk airport and in the Debaltsevo area, are still pending, the United Nations Human Rights Office estimates that the

A global sovereign debt crisis after October 1st?

Suggested from the 17th Thessaloniki Documentary Festival, 13-22 March 2015 Martin Armstrong, once a US based trillion dollar financial advisor, developed a computer model based on the number pi and other cyclical theories to predict economic turning points with eerie accuracy. In the early 80s, he established his financial forecasting and advising company Princeton Economics. His forecasts were in great demand worldwide. As Armstrong’s recognition grew, prominent New York bankers invited him to join "the club" to aid them in market manipulation. Martin repeatedly refused. Later that same year (1999), the FBI stormed his offices confiscating his computer model and accusing him of a 3 billion dollar Ponzi scheme. Was it an attempt to silence him and to prevent him from initiating a public discourse on the real Ponzi Scheme of debts that the world has been building up for decades? Armstrong predicts that a sovereign debt crisis will