Violent protests in Madrid and growing talk of secession in Catalonia are piling pressure on Spanish Prime Minister Mariano Rajoy as he moves closer to asking Europe for rescue money. In public, Rajoy has been resisting calls from bankers at home and the leaders of France and Italy to move quickly to request assistance, but behind the scenes he is putting together the pieces to meet the stringent conditions for aid.
With protesters stepping up anti-austerity demonstrations, Rajoy presents painful economic reforms and a tough 2013 budget on Thursday, aiming to persuade euro zone partners and investors that Spain is doing its deficit-cutting homework despite a recession and 25 percent unemployment.
Figures released on Tuesday suggested Spain will miss its public deficit target of 6.3 percent of gross domestic product this year, and on Wednesday the central bank said the economy continued to contract sharply in the third quarter. By pre-empting reforms demanded by Brussels — such as creating an independent fiscal auditor — Rajoy hopes to sell them to voters as home-grown rather than imposed from outside.
Diplomats reported intense last-minute pressure on Madrid on Wednesday from key euro zone policymakers to take tougher measures, notably on freezing pensions. On Friday, Moody’s will publish its latest review of Spain’s credit rating, possibly downgrading the country’s debt to junk status. On the same day, an independent audit of Spain’s banks will reveal how much money Madrid will need from a 100 billion euro ($130 billion) aid package that Europe has already approved for the banks.
Department of Transportation Uses LRAD Sound Cannons Against Drivers 2014 04 16 The Missouri Department of Transportation revealed two newly acquired LRAD sound cannons this week, which will reportedly be used to target vehicles that speed in work zones.
Coming in at $25,000 a piece, the Long-Range Acoustic Device, a sonic weapon best know for its use against protesters and insurgents in Afghanistan, will alert drivers to road conditions by shooting a loud ...
An ’Unknown Holocaust’ and the Hijacking of History 2014 04 16 An address by Mark Weber, director of the Institute for Historical Review, delivered at an IHR meeting in Orange County, California, on July 25, 2009. (A report on the meeting is posted here.)
We hear a lot about terrible crimes committed by Germans during World War II, but we hear very little about crimes committed against Germans. Germany’s defeat in May ...
Ex-Mayor Bloomberg Starting $50 Million Gun-Control Network 2014 04 16 Former New York Mayor Michael Bloomberg ramped up his efforts to fight gun violence on Wednesday with a plan to spend $50 million on a grassroots network to organize voters on gun control.
The initiative’s political target is the powerful pro-gun lobby, including the National Rifle Association, that spends millions of dollars each year to back gun-rights supporters.
Bloomberg’s group, called Everytown ...
Nearly 300 missing after South Korean ferry sinks 2014 04 16
A ferry carrying 462 people, mostly high school students on an overnight trip to a tourist island, sank off South Korea’s southern coast on Wednesday, leaving more than 280 people missing despite a frantic, hours-long rescue by dozens of ships and helicopters. At least four people were confirmed dead and 55 injured.
The high number of people unaccounted for -- likely ...
Flash Points of Tyranny: It Doesn’t End With The Bundy Standoff 2014 04 15
To the discerning eye they are everywhere; Flashpoints of tyranny threatening to push the nation into open revolt. The standoff between the Bundy ranch and the BLM feds is a visceral example of growing discontent over an expanding federal government.
These abuses have occurred over many decades, with a focused intent. Centralization of power and a steady erosion of personal wealth ...