Daily Archives: July 2, 2015

260,000 Austrians sign EU exit petition, forcing referendum debate in parliament [VIDEO]

Published on Jul 2, 2015

Over 260,000 Austrians have signed a petition calling for the EU exit for the country, and now the Austrian parliament must discuss a referendum on the issue. Lizzie Phelan reports.


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Jetpack Dream Finally Takes Off – If You Have $150,000 [VIDEO]

Published on Jul 2, 2015

Now you will finally be able to buy your own jetpack – provided you have a spare $150000 (about R1.8-million) lying around.

New Zealand company Martin Jetpack is planning to put the petrol-fuelled aircraft on sale next year, 35 years after it entered development.

The vehicle’s latest prototype, the P12, went on display at the Paris Airshow last week, with commercial production set to begin soon.

The Martin Jetpack uses ducted fans instead of jet propulsion, and comes with a top speed of 74km/h. It can fly for more than half an hour, and at up to 1000m in the air.

While wannabe Tony Starks may be tempted, Martin Jetpack believes it will be most useful for search and rescue operations. Protective bars around the pilot, and a parachute system, will protect anyone flying it, Martin Jetpack says.

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Weed Isn’t Just Legal In Oregon, It’s FREE [VIDEO]

Published on Jul 2, 2015

There’s only one marijuana price tag that’s legal now that pot prohibition is over in Oregon: free.

That’s right, there’s still no system in place to buy or sell weed. That process could take another year, unless legislation passes that would make it legal for state medical marijuana dispensaries to sell to the public.

But you can give weed away, and local groups are taking advantage of it. That’s exactly what the National Organization for the Reform of Marijuana Laws did as the clock struck midnight on Wednesday, handing out joints and seeds as hundreds of locals crowded Burnside Bridge to celebrate marijuana legalization.

It was a smoke-out with a message: Legalization is so much more than being able to smoke a joint in your home without being a criminal. It’s a health care issue; it’s a tax revenue issue; it saves states millions in the court system; and it ends the hidden costs of prosecution, which emerge when someone can’t get a job because there’s a possession charge on their record.


BP to pay record $18.7bn over 2010 Deepwater Horizon oil spill


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Under the agreement reached by BP and five US states along the Gulf of Mexico, the British oil major will pay out $18.7 billion over 18 years. The deal resolves the firm of remaining liabilities from the biggest oil spill in US history.

A record $5.5 billion will cover federal penalties under the Clean Water Act. Louisiana, Mississippi, Alabama, Florida and Texas will receive payouts for harm done in the oil spill.

MORE:  http://rt.com/business/271270-bp-deepwater-oil-spill/


Five Banks Account For 96% Of $250 Trillion In Outstanding US Derivative Exposure

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‘The latest quarterly report from the Office Of the Currency Comptroller is out and as usual it presents in a crisp, clear and very much glaring format the fact that the top 4 banks in the US now account for a massively disproportionate amount of the derivative risk in the financial system.

Specifically, of the $250 trillion in gross notional amount of derivative contracts outstanding (consisting of Interest Rate, FX, Equity Contracts, Commodity and CDS) among the Top 25 commercial banks (a number that swells to $333 trillion when looking at the Top 25 Bank Holding Companies), a mere 5 banks (and really 4) account for 95.9% of all derivative exposure (HSBC replaced Wells as the Top 5th bank, which at $3.9 trillion in derivative exposure is a distant place from #4 Goldman with $47.7 trillion). The top 4 banks: JPM with $78.1 trillion in exposure, Citi with $56 trillion…

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Both Major US Parties are Plagues on Humanity

Uprootedpalestinians's Blog

Both Major US Parties are Plagues on Humanity

They are all the same in their corporate soullessness

There has never been a dime’s worth of difference between the Clintons (Bill and Hillary) and Barack Obama, and less than ten cents separates the worldviews of these Democratic political twins from the Bush wing of the Republican Party.

Each has their individual quirks. Barack destroys international order and the rule of law while dabbling at song; Bill dismantled the U.S. manufacturing base and threw record numbers of Blacks in prison as he toyed with his trumpet; George W. played the fool who would Shock and Awe the world into obedience; and Hillary is the evil crone that curses the dead while screaming “We are Woman” like a banshee. But they are all the same in their corporate soullessness.

They all lie for a living, and they live to lie. Hillary Clinton…

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