For decades, a so-called anti-propaganda law prevented the U.S. government’s mammoth broadcasting arm from delivering programming to American audiences. But on July 2, that came silently to an end with the implementation of a new reform passed in January. The result: an unleashing of thousands of hours per week of government-funded radio and TV programs for domestic U.S. consumption in …
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Wholesale Prices in U.S. Increase More Than Forecast in June
Wholesale prices in the U.S. rose more than projected in June, reflecting higher costs for energy and automobiles. The 0.8 percent gain in the producer price index was the biggest since September and followed a 0.5 percent rise the prior month, a Labor Department report showed today in Washington. Themedian estimate in a Bloomberg survey of 73 economists called for a 0.5 percent …
Read More »U.S. books $117 billion surplus in June
The federal government is in the money again, at least it was for a few weeks. For June, the U.S. Treasury Department reported a $117 billion surplus on Thursday, thanks to a continued uptick in revenue and a decline in spending. Another big boon to June’s bottom line was a one-time $59 billion payment from Fannie Mae (FNMA,Fortune 500), according to the …
Read More »U.S. prods China on cyber-theft
U.S. officials prodded China to crack down on cyber-espionage directed at American corporations, opening high-level talks Wednesday with a sensitive jab on an issue that has become a core concern of American companies. Both Vice President Biden and Treasury Secretary Jack Lew raised the matter in comments opening the two-day Strategic and Economic Dialogue, an annual session held between top …
Read More »China Radio: “U.S. And Europe Have Always Suppressed The Rising Price Of Gold”
Sometimes, such as after pervasive liquidations in precious metals (or is that AAPL? Has it become clear yet that with widespread “quality” collateral shortages, gold and AAPL stock have become unexpected and almost interchangeable collateral replacements) it is easy to lose sight of the forest for the trees. A forest, in which the New York Fed is procuring (through the …
Read More »Americas – NSA leaks and US democracy (video)
Americans appear divided on whether the NSA is justified in collecting information on millions of citizens, including phone and internet data. But on Thursday, the country’s independence holiday, protesters demanded that the government respect the constitutional guarantee against ‘unreasonable searches and seizures’. AlJazeeraEnglish
Read More »US creates new judicial system – totally secret and closed to public
Civil liberty activists and privacy groups are filing emergency petitions with the U.S. Supreme Court to stop the National Security Agency’s domestic surveillance program that collects the telephone records of millions of Americans. With that underway it becomes increasingly evident that it is not the Supreme Court that has the final say on such issues but another agency altogether; the …
Read More »Spying Scandal and Prospects for «Economic NATO»
The Unites States-EU free trade zone, destined to boost economic integration, is in the focus of world media. An eye catching term «economic NATO» is used to describe the project. The issue came up in 2011 for the first time, the last half a year it has been grabbing the radar screen worldwide. This February, US President Barack Obama and …
Read More »Russian Defense Radar, Missiles Worry U.S. Officials
Russia’s military has completed work on a new missile defense radar in southern Russia that has some U.S. military officials worried Moscow is building up offensive and defensive strategic forces in destabilizing combination. The large radar station near Armavir, located near the Black Sea and designed to detect missiles launched from Europe and Iran, is nearly complete, said U.S. officials. …
Read More »US Officials Say Russia Violating Missile Treaty
WASHINGTON, July 1 (RIA Novosti) – US intelligence officials believe Russia is violating a Soviet-era arms-control treaty with the United States by building a new medium-range missile banned under the agreement, a conservative US website reported. US intelligence officials believe the missile, which the Russian Defense Ministry describes as a new intercontinental ballistic missile (ICBM), is actually a medium-range missile …
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