Showing posts with label Document. Show all posts
Showing posts with label Document. Show all posts

Wednesday, December 4, 2013

UPDATE 1-EU executive document says transaction tax plan legal

UPDATE 1-EU executive document says transaction tax plan legal
http://currenteconomictrendsandnews.com/wp-content/uploads/2013/12/96f0d__p-89EKCgBk8MZdE.gif




Wed Dec 4, 2013 12:57pm EST



By Huw Jones


LONDON Dec 4 (Reuters) – The proposed tax on financial transactions in 11 European Union countries complies with EU and international laws, the bloc’s executive said, hoping to revive the flagging project.


The tax on stock, bond and derivatives trades has been proposed as a way of raising about 35 billion euros a year from banks starting in 2014 to claw back the taxpayer aid they received in the financial crisis.


A legal opinion for member states in September said a core element of the tax was illegal because of the way it impinged on countries like Britain that won’t take part and threatening to derail the project in its current form.


This legal opinion and pending elections in Germany, one of the tax’s biggest backers, had led to drift.


The European Commission’s own legal advisors dismissed the member state legal opinion in a 20-page analysis seen by Reuters on Wednesday.


“Based on the above analysis the Commission’s services come to the conclusion that … the proposed FTT directive is in conformity both with customary international law and EU primary law,” the document says.


Now that the Commission’s legal advisors have rebutted challenges to the proposal’s legality, representatives from the 11 countries are due to meet next week to see how a redrafted proposal can be pushed forward.


Britain, outside the 11 taking part, is the biggest securities trading centre in the EU and is challenging the proposal in the bloc’s highest court.


The document says the proposal does not lead to any “inadmissible” effects in countries outside the 11 taking part.


“What the Council Legal Services perceives as discrimination is in reality nothing but a disparity between different national tax regimes,” the document adds.


“The provision has no impact on the freedom of non-participating member states to exercise their own tax competence in whatever manner they see fit.”


Britain and 15 other EU countries have refused to support the financial transaction tax (FTT) which has been backed by Germany, France, Italy, Spain, Austria, Portugal, Belgium, Estonia, Greece, Slovakia and Slovenia.


The 11 countries taking part met last week when France sought to water down the proposal and bring it in line with the more limited “stamp duty” type of tax it has introduced.


The agenda for last week’s meeting, seen by Reuters, also showed that the 11 countries were considering a “step by step” approach to introducing the tax rather than a “big bang” start.


Due to worries over the possible impact on bond markets, several “carve outs” or exemptions are also being mulled for “public” bonds and some derivatives, the agenda showed.


Non-financial firms could also be shielded with other changes to stop pension funds being hit.


The formation of a new government in Germany will also lend fresh momentum to the FTT, with the new coalition there agreeing that its scope should extend to currencies as well.






Reuters: Bonds News




Read more about UPDATE 1-EU executive document says transaction tax plan legal and other interesting subjects concerning Bonds at TheDailyNewsReport.com

Sunday, December 1, 2013

RED CROSS EXPOSES “JEWISH” HOLOCAUST HOAX: INTERNATIONAL RED CROSS (IRC) DOCUMENT CONFIRMS 271 THOUSAND NOT 6 MILLION DIED IN CONCENTRATION CAMPS

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RED CROSS EXPOSES “JEWISH” HOLOCAUST HOAX: INTERNATIONAL RED CROSS (IRC) DOCUMENT CONFIRMS 271 THOUSAND NOT 6 MILLION DIED IN CONCENTRATION CAMPS

Friday, November 22, 2013

Exclusive: Euro zone mulls cheap loans as incentive for economic reforms -document

Exclusive: Euro zone mulls cheap loans as incentive for economic reforms -document
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BRUSSELS Fri Nov 22, 2013 10:10am EST



File picture shows European Union member states

File picture shows European Union member states’ flags flying in front of the building of the European Parliament in Strasbourg, April 21, 2004.


Credit: Reuters/Vincent Kessler/File




BRUSSELS (Reuters) – Euro zone governments are considering cheap loans to governments as an incentive to undertake structural reforms which pay off only in the medium-term, an EU document showed on Friday, introducing for the first time a discussion on fiscal transfers.


The document will form the basis of discussions of senior euro zone officials who will meet in Brussels on November 26 to prepare the next European Union summit on December 19-20.


The loans would be part of so-called contractual arrangements, which would be legally binding contracts with economic reform targets and macroeconomic milestones that trigger the payout of tranches of the agreed loan.


The loans would be attractive because they would carry an interest rate lower than the one a government could get on the market. In that respect, it would amount to a degree of subsidized lending, ultimately amounting to a mutualizing of risk among involved member states and a degree of financial transfer – an idea that Germany has long resisted.


“Loans would imply only limited fiscal transfers across countries,” said the 9-page document, obtained by Reuters.


“Indeed, the transfer element would be limited to a lower interest rate than the market rate of most beneficiary Member States, capturing the positive externality of the reforms for the EU as a whole,” it said.


To qualify, countries would have to draw up legally binding plans for reforms that would then be approved by other euro zone states. The conditionality would come on top of other macroeconomic programs such as the Stability and Growth Pact and the eurozone’s new budgetary oversight powers.


The size of the loan would not be linked to the cost of reform and would be meant as general support for the economy. It is not clear what time-frame the loans would be offered for, or what the limit on the size of any loan would be.


“The specific amount of financing would not be linked to the direct cost of reforms, which generally is difficult to measure,” the document said.


“Financial support should be conceived as an incentive or as general support to the overall economy rather than as a compensation for the specific cost of reforms as such, as well as a broader signal of European support to the economic reform agenda of each Member State,” the document said.


The loans would not be available to countries running excessive macroeconomic imbalances or currently under a bailout. However, an official briefed on the document said a country like Ireland, which is about to exit a program, could, for example, request a contract and if approved, benefit from the cheap loans.


The document did not specify how exactly the loans could be financed, mentioning only a European Commission idea from March that it could be either through direct contributions from governments or through designating a new revenue source.


One possibility, the official indicated, might be for the euro zone’s rescue fund, the European Stability Mechanism, to raise money on international markets and on-lend capital to a contracted member state, although the exact framework and process of the lending is yet to be finalized.


(Reporting By Luke Baker and Martin Santa)






Reuters: Business News




Read more about Exclusive: Euro zone mulls cheap loans as incentive for economic reforms -document and other interesting subjects concerning Business at TheDailyNewsReport.com

Thursday, November 7, 2013

USAID, Uribe and Venezuelan Opposition Plotting Violence, Sabotage and Scarcity; According to Leaked Document


Source: Venezuela Analysis

US and Colombian organisations are working with the Venezuela’s political opposition to sabotage Venezuelan infrastructure, create deadly street violence, exacerbate food scarcity and provoke an international intervention, according to documents obtained by attorney and journalist Eva Golinger.


“Foreign interests, from Colombia and the US, are working with opposition groups inside Venezuela to destabilize his [President Nicolas Maduro"s] government, aiming towards sabotaging the upcoming December 8 municipal elections,” Golinger told VA via email on Wednesday.


First revealed by Golinger in a piece published by RT, the document titled, “Venezuelan Strategic Plan,” outlines a 15 point plan to be implemented as part of an on-going campaign against the Venezuelan government.


“The plan, agreed by consensus with worthy representatives of the opposition to the government of Nicolas Maduro, focuses on these objectives with the continued strong support of several global personalities, with the function of returning to Venezuela true democracy and independence, that have been kidnapped over 14 years,” the document states in an introductory paragraph.


It then continues by listing a series of 15 “actions” in point form.


The third point appears to endorse sabotage.


“Maintain and increase the sabotage that affect the population’s services, particularly the electricity system, that puts blame on the government for assumed inefficiencies and negligence,” it states.


This advice is followed by calls to, “Create situations of crisis in the streets that facilitate the intervention of North America and the forces of NATO, with support of the government of Colombia.”


“Whenever possible, the violence should cause deaths and injuries. Encourage hunger strikes of numerous days, massive mobilisations, problems in the universities and other sectors of society now identified with government institutions,” the document states.


Another point also states, “increase the problems with scarcity of basic products of the food basket.”


The document further advocates for supporting “the normalisation of US-Venezuelan relations”, and also advises the opposition to “Maintain and increase the campaign against Cuban interference”.


The Usual Suspects


“President Maduro has denounced these plots over the past few months, but most international media, and local private media, have ridiculed him and dismissed the information. Now, this document puts names and details to what Maduro has been denouncing,” Golinger told VA.


According to Golinger, the document was produced at the time of a meeting in June between US based FTI Consulting, the Colombian organisations Fundación Centro de Pensamiento Primero Colombia (Centre for Thought Foundation of Colombia First) and Fundación Internacionalismo Democratico (Democratic Internationalism Foundation). The Colombian organisations appear to be linked to former Colombian president Alvaro Uribe.


The logos of all three organisations are present in the header.


“The source of the document is the three organizations in the header that appear to have prepared the plan. I can’t reveal my source as to how I obtained it, but the authorship belongs to those organizations,” Golinger stated.


A long-time critic of former Venezuelan president Hugo Chavez and his successor, Uribe admitted last year that he had wanted to take military action against Venezuela during his presidency, but “lacked time”. He has met with numerous Venezuelan opposition figures in recent years, though former opposition presidential candidate Henrique Capriles has tried to distance himself from Uribe.


According to Golinger, the June meeting was also attended by the US Agency for International Development (USAID) regional head Mark Feierstein, psychologist and political strategist Juan Jose Rendon and leaders of the Venezuelan opposition including Maria Corina Machado, Julio Borges and Ramon Guillermo Avelado.


Machado was a signatory of the Carmona Decree, which suspended the National Assembly and declared Pedro Carmona head of state during the 2002 coup that temporarily ousted Chavez, and in June the Venezuelan government released an audio recording that allegedly implicated her in another coup plot.


A co-founder of the opposition party Primero Justicia and current member of the AN, Borges was reportedly a ringleader of a campaign by opposition legislators to not recognise Maduro’s presidential victory in April. He was involved in a brawl in the AN during a protest that month, and more recently was suspended from the ANfor 30 days for misconduct.


Aveledo is the executive secretary of the opposition umbrella group, the Democratic Unity Roundtable (MUD).


Meanwhile, Rendon is an outspoken opponent of the Venezuelan government, and USAID has long been accused by leftist governments in Latin America of unduly interfering in the domestic affairs of countries including Venezuela. In a leaked 2006 US diplomatic memo published by Wikileaks earlier this year, then US ambassador to Venezuela William Brownfield stated that the “majority” of USAID’s operations in Venezuela were related to infiltrating and undermining the ruling socialist party (PSUV).


Media War


A number of the document’s recommendations also appear to relate to the opposition’s public relations campaign.


The first point advises the “Perfecting of Henrique Capriles’ confrontational and complainant discourse”, while another point advises the use of “short messages”.


Along with urging the opposition to reach out to “opinion and personality leaders” for support, the document also indicates the plan includes the recruiting of “Venezuelan and international journalists and reporters like: CNN, The New York Times, The New York Post, Reuters, AP, EFE, The Miami Herald, Time, BBC, El Pais, Clarin, ABC among others.”


Another point advocates for the strengthening of “lobbying with the governments of Latin America, mainly in those countries which may be more sensitive to pressure from our allies, consider Colombia, Peru, Chile, Paraguay, Uruguay, Costa Rica, Guatemala, El Salvador, Mexico and Honduras”.


The document also marks Brazil, Argentina, Bolivia, Ecuador, Nicaragua as allies of Venezuela.


Today, Maduro alleged that some media outlets are part of an “economic war driven by sectors of the Venezuelan right”.


“We can not allow them to use the media for psychological warfare; there is no country in the world that would allow it,” he stated.


“And it’s not just the far right wing that is involved, in the case of the US, members from the Obama administration are actively involved in this plan. The USAID director for Latin America was present at the meeting when the document was prepared,” Golinger told VA.


At the time of writing, USAID was yet to respond to the latest allegations, but in the past US officials have denied similar allegations of plotting against the government.


“We completely reject the Venezuelan government’s allegations of U.S. [sic] government involvement in any type of conspiracy to destabilize [sic] the Venezuelan government,” the US embassy said in a statement last month.


The statement was released after three US diplomats were expelled from Venezuela for allegedly meeting with members of the opposition aligned Sumate lobby group. The organisation was founded by Machado in 2002.


Capriles is also yet to respond. Today, the de facto opposition leader visited Pope Francis at the Vatican City. Capriles urged the Pope to take a mediatory role in Venezuelan politics.


“The word of the Holy Father for our beloved Venezuela is dialogue, we have asked for his mediation via the church if possible,” Capriles tweeted.


In an open letter to the Pope Capriles states, “[t]his is a government that feeds off fear, hatred and lies, and aims to make all Venezuelans live in darkness and division.”


However, the call for mediation comes just days after Capriles released a campaign video ahead of the 8 December municipal elections reiterating claims that Maduro won the 14 April presidential elections by fraud. He also accused the government of trying to intimidate voters by recording choices at the ballot box.


“A strategy they use is to say that they know who you vote for,” Capriles stated.


However, the Maduro administration doesn’t appear to have ever issued such threats, though it has repeatedly assured that votes remain anonymous.


Moreover, the latest allegations of US interference in Venezuelan politics also comes on the heels of the release of new US National Security Agency (NSA) documents by whistleblower Edward Snowden that identify Venezuela as a priority target for electronic eavesdropping in 2007.


The leaked NSA documents also indicate that “psychological operations” have been employed in Venezuela by the US.


According to Golinger, the document she revealed “evidences the very real, dangerous plans underway against the Venezuelan government”.


“Not only should we be concerned about these revelations, [the] international media should be ashamed for not taking them seriously before it’s too late,” Golinger stated.


“Coups happen, so do foreign interventions,” she wrote.




BlackListedNews.com



USAID, Uribe and Venezuelan Opposition Plotting Violence, Sabotage and Scarcity; According to Leaked Document

Wednesday, July 31, 2013

Check Out The Document That Created NASA

The National Aeronautics and Space Act of 1958 started it all. Happy birfday, NASA!


This document is the National Aeronautics and Space Act of 1958, which created NASA. It was signed into law by President Eisenhower 55 years ago yesterday. The document outlines NASA’s policies, guidelines, objectives, and more. Their objectives, as described in 1958, are as follows:

(1) The expansion of human knowledge of the Earth and of phenomena in the atmosphere and space.


(2) The improvement of the usefulness, performance, speed, safety, and efficiency of aeronautical and space vehicles.


(3) The development and operation of vehicles capable of carrying instruments, equipment, supplies, and living organisms through space.


(4) The establishment of long-range studies of the potential benefits to be gained from, the opportunities for, and the problems involved in the utilization of aeronautical and space activities for peaceful and scientific purposes.


(5) The preservation of the role of the United States as a leader in aeronautical and space science and technology and in the application thereof to the conduct of peaceful activities within and outside the atmosphere.


(6) The making available to agencies directly concerned with national defense of discoveries that have military value or significance, and the furnishing by such agencies, to the civilian agency established to direct and control nonmilitary aeronautical and space activities, of information as to discoveries which have value or significance to that agency.


(7) Cooperation by the United States with other nations and groups of nations in work done pursuant to this chapter and in the peaceful application of the results thereof.


(8) The most effective utilization of the scientific and engineering resources of the United States, with close cooperation among all interested agencies of the United States in order to avoid unnecessary duplication of effort, facilities, and equipment.


(9) The preservation of the United States preeminent position in aeronautics and space through research and technology development related to associated manufacturing processes.


How do you think they did? Read the full text of the document here, and check out what they’ve been up to of late.


Happy belated, NASA.




Popular Science – New Technology, Science News, The Future Now



Check Out The Document That Created NASA

Thursday, June 13, 2013

Video: Beck: New Whistleblower Document Will Take Down Government


Godspeed, Glenn Beck!!


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Western Journalism



Video: Beck: New Whistleblower Document Will Take Down Government

Video: Beck: New Whistleblower Document Will Take Down Government


Godspeed, Glenn Beck!!


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Western Journalism



Video: Beck: New Whistleblower Document Will Take Down Government