Netherlands

George Soros Warns Europe: Accept Refugees Or Face Extinction

The refugee crisis and the Brexit calamity that it spawned have reinforced xenophobic, nationalist movements that will seek to win a series of upcoming votes. Rather than uniting to resist this threat, EU member states have become increasingly unwilling to cooperate with one another. They pursue self-serving, beggar-thy-neighbor migration policies – such as building border fences – that further fragment the Union, seriously damage member states, and subvert global human-rights standards.

The Disturbing Signs Of Global Conflict Continue To Gather Pace

The signs are ominous, the rhetoric constant. Whichever way you look at it, the world is slowly descending into an ever greater spiral of conflict. We all know that the current wars raging in the Middle East have the potential to go catastrophically wrong and pull the super-powers into something much bigger. You also know things are not good when the so-called ‘conspiracy theories’ from alternative media outlets eventually go mainstream...

Dutch Tesla Model S Driver Dies After Hitting Tree, Battery Catches Fire

Less than a month after the latest incident involving a Tesla, when a Model S spontaneously burst into flames in France during a European "electric road trip", early this morning in Baarn in the Netherlands, a 53-year old Tesla Model S driver tragically died in a crash Electrek reports. His Model S left the road and hit a tree at high speed. The vehicle caught on fire and the driver was reportedly dead by the time the firefighters were on the scene.

US Paid Iran Another $1.3 Billion In Cash In Form Of Swiss Francs, Euros And Other Currencies

One month ago, a scandal erupted when it emerged that the US had made a $400 million cash delivery to Iraq (in foreign currencies) to facilitate the release of 4 US hostages held by the regime; many promptly called it a ransom payment. Overnight the WSJ confirmed that this was just a part of a bigger shippment of cash, when it reported that the Obama administration followed up a planeload of $400 million in cash sent to Iran in January with two more such shipments in the next 19 days, totaling another $1.3 billion.

Dear Angela, Your Refugee Crisis Is Back

To make changes in the EU, 28 nations all have to agree. Thus, it takes years to negotiate treaties, in the best case scenario. In regards to the refugee crisis, a number of countries have essentially to her highness, Angela Merkel “Go to hell”.

Europe Debates The Burkini: "We Will Colonize You With Your Democratic Laws"

"Beaches, like any public space, must be protected from religious claims. The burkini is an anti-social political project aimed in particular at subjugating women... It is not compatible with the values ??of France and the Republic. Faced with such provocations, the Republic must defend itself." — French Prime Minister Manuel Valls. But according to the mayor of Villeneuve-Loubet, the high court's ruling against burkini bans, "far from appeasing [Muslims], will instead increase passions and tensions."

Why A Crisis Is Coming - Four Simple Charts Explaining Everything

Years of capital consumption have led to peak debt whereby each additional unit of debt reduces economic growth instead of artificially stimulating it. There is only one way out of this, and that is a wholesale admission that current policies of extend and pretend is no longer working; unfortunately only real crisis seem to focus minds enough to implement necessary changes.

Reuters Floats Disturbing Trial Balloon: "The ECB May Be Forced To Buy Stocks"

On the verge of running out of bond to monetize, the ECB has engaged in something fed had expected: it is buying bonds from itself. But according to a troubling Reuters "trial balloon" that may be just the beginning: as Reuters writes, the "ECB may soon be forced to follow the Bank of Japan's example and buy equities as part of any expanded stimulus programme."

August Payrolls Loom: Futures Flat, Dollar Rises, Treasuries Slip

The much anticipated payrolls day, expected to provide at least some more clarity on future Fed policy, has arrived and heading into today's report both price action and newsflow has been muted. U.S. equity index futures were fractionally higher, as European stocks rise 0.6% while Asia was flat. Gold fell as the dollar rose, while comments by Vladimir Putin which endorsed an OPEC oil production freeze while granting Iran an exemption, have pushed oil higher.

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.