Bailout News

Nicosia - The island nation of Cyprus has confirmed that it will sell 400 million euros of gold reserves to finance its part of the bailout, according to an assessment released by the European Commission on Wednesday.

In order to qualify for a bailout of 10 billion euro Cypriot citizens had to pay a sizable levy, one-off tax, from their bank deposits.

In the US, the USDA is considering buying around 400,000 tons of sugar in order to limit supply and boost prices so sugar producers can pay back loans, which they are in danger of defaulting on, to the government.

For three years our consciousness has been bombarded with assertions from Obama, his handlers, and his justifiers, that he is pro-business, -- after all did he not singlehandedly “save” America’s auto industry? Enough with the lies already!

Tokyo - The Japanese company that operated Fukushima received a trillion Yen ($12.8 billion) bailout today, effectively putting the company under government control.

Madrid - On July 19, millions took to the streets in 80 major cities throughout Spain. Union workers, 15m members, the general public and many others let their voices be heard.

Fredericton - Research in Motion, the struggling Canadian-owned BlackBerry-maker, will not receive a bailout from the federal government, confirmed Conservative Finance Minister Jim Flaherty Thursday in New Brunswick.

A new film is soon to be released that tells us what we know already: America was plundered by Wall Street. But watch it anyway.

The culmination of a plot in this long running soap has implications far beyond a mythical Mancunian town, but will the Greeks or anyone else take the hint?

London - On Good Friday, your intrepid correspondent appeared on Iranian television with another political analyst to comment on the Euro crisis with especial reference to Greece. A lively debate ensued.