Finland Unleashes Helicopter Money In "Greatest Societal Transformation Of Our Time"

Finland is about to launch an experiment in which a randomly selected group of 2-3,000 citizens already on unemployment benefits will begin to receive a monthly basic income of 560 euros (approx. $600). That basic income will replace their existing benefits. The pilot study, running for two years in 2017-2018, aims to assess whether basic income can help reduce poverty, social exclusion, and bureaucracy, while increasing the employment rate.

Apple Ordered To Repay $14.5 Billion In "Illegal" Tax Benefits, Stock Falls 2%

As the FT reported first yesterday, the EU has judged that the Irish government granted Apple "undue tax benefits" and moments ago announced the specific size of the penalty when it ordered the tech giant repay up to €13 billion ($14.5 billion) plus interest. According to the EU, the Irish deal slashed Apple taxes from 2003 to 2014, and allowed Apple to avoid tax on almost all EU profit.

Close All Mosques, Ban Koran; Poll-Leading Dutch 'Freedom' Party Unveils De-Islamization Manifesto

Geert Wilders, head of the right-wing Dutch Freedom Party (PVV), launched a new manifesto that calls for the "de-Islamization" of the Netherlands" as he leads in the polls to become the next prime minister. Titled, "The Netherlands is ours again," Wilders calls for, among other things, the closure of all mosques and Islamic schools, a ban on the Koran and on "Islamic headscarves" in public, and "no more immigrants from Islamic countries."

Who's Going To Pick Up The UK Tab?

A large part of the reason why the UK had to be such a significant net contributor was that most EU members couldn’t scrape up their “fair share.” Who’s going to pick up the tab when that flow of revenue ends?

Merkel, Hollande And Renzi Meet To Discuss The "Relaunching Of Europe"

Italian Prime Minister Matteo Renzi hosts German Chancellor Angela Merkel and French President Francois Hollande on an island off the coast of Naples ahead of September's EU summit called to discuss reverberations from the Brexit vote. "They will be coming to discuss how to relaunch Europe from the bottom up, there's a big need," Renzi said on Sunday. "Relaunching Europe is a totally open game but it needs to be played."

Europe Has Two Options: Revolution Or Elections

European leaders have responded to new challenges in this post-war era with old solutions. Chief among them is the forced integration of Europe into a single political and economic construct. There are two options when an “unelected mafia” has seized control: elections and revolution. The Brits opted for an election. What if Italy, Portugal, and/or the Netherlands do the same, with the same outcome?

US Nuclear Bombs In Turkey At Risk Of "Seizure By Terrorists Or Other Hostile Forces"

Dozens of US nuclear weapons stored at a Turkish air base near Syria are at risk of being captured by "terrorists or other hostile forces", a Washington think tank said on Monday. The US has an estimated 50 nuclear bombs at Incirlik in southern Turkey, 110km from the border with Syria. The base's Turkish commander was arrested on suspicion of complicity in last month's coup plot.