constitutional liberty coalition

Spanish unemployment tops 25 percent

"Spain announced Friday that its unemployment rate broke the 25-percent barrier for the first time as austerity cuts squeezed the recession-struck economy. Tens of thousands of jobs were destroyed in the third quarter, even as Prime Minister Mariano Rajoy’s government raised taxes, cut spending and pondered whether to snatch a eurozone rescue line. Among workers aged 16-24 the jobless rate towered at 52.34 percent in the third quarter, only slightly down from 53.27 percent in the previous quarter, the institute said. After more than a year of recession, the soaring jobless figures and biting cuts have prompted growing street protests." Continue reading →

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Turkish gold trade booms to Iran, via Dubai

"The sums involved are enormous. Official Turkish trade data suggests nearly $2 billion worth of gold was sent to Dubai on behalf of Iranian buyers in August. The shipments help Tehran manage its finances in the face of Western financial sanctions. The sanctions, imposed over Iran's disputed nuclear program, have largely frozen it out of the global banking system, making it hard for it to conduct international money transfers. By using physical gold, Iran can continue to move its wealth across borders. Turkish trade data confirms the gold is being transported to Dubai by air." Continue reading →

Continue ReadingTurkish gold trade booms to Iran, via Dubai

Asian economies turn to yuan

"A 'renminbi bloc' has been formed in East Asia, as nations in the region abandon the US dollar and peg their currency to the Chinese yuan — a major signal of China's successful bid to internationalize its currency, a research report has said. Now seven out of 10 economies in the region — including South Korea, Indonesia, Malaysia, Singapore and Thailand — track the renminbi more closely than they do the US dollar. Only three economies in the group — Hong Kong, Vietnam, and Mongolia — still have currencies following the dollar more closely than the renminbi, said the report." Continue reading →

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Nigel Farage: We Are Headed To A ‘One World Government’

“We’ve reached a point in this where, despite the massive economic the massive economic, political, and social problems that exist within the eurozone, and indeed an argument that the North and the South of Europe are diverging by the day, despite all of that, the political class have got so much the upper hand in Brussels, that, actually, they are moving to more and more extreme tactics. (This is being done) to lock countries in to a new form of government which is so far removed from any concept of liberal democracy that I think it’s quite frightening." Continue reading →

Continue ReadingNigel Farage: We Are Headed To A ‘One World Government’

Arizona to vote on taking control of Grand Canyon

"Arizonans will vote next month on a ballot proposal to give the state control over the Grand Canyon – the latest move in the so-called 'sagebrush revolt' in which western states are trying to reclaim federal land. The issue was put on the ballot after the proposal passed the Republican-controlled legislature. It would amend the state constitution to give Arizona sovereignty and jurisdiction over not just the Grand Canyon but all the 'air, water, public lands, minerals, wildlife and other natural resources' within its boundaries." Continue reading →

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Voters in Three States Take on Traffic Cameras

"Residents in in five cities in California, Texas and Washington state have battled for the right to have a say in whether automated ticketing machines are installed in their community. The November 6 results could raise to 25 the total number of municipalities nationwide that prohibit cameras. Anaheim and Newport Beach are unique in having councils propose the charter amendment. Elsewhere, photo ticketing companies and city leaders fought the ballot measures at every step of the way." Continue reading →

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Georgia Man Holding Pepper Spray Killed in Drug Raid

"Sheriff's spokesman Cpl. Ashley Henson said before the shooting, officers knocked on the door of the residence in Hiram and announced who they were. They then entered the home -- although Henson didn't make clear how they did so -- and encountered Hammett in a darkened hallway. 'It was then that agents opened fire on Mr. Hammett, fatally striking him once,' Henson explained. 'It was later determined that Hammett had raised a canister of pepper spray toward the agents.' Cpl. Henson said evidence related to drug trafficking was later found in the home, but didn't specifiy exactly what had been found." Continue reading →

Continue ReadingGeorgia Man Holding Pepper Spray Killed in Drug Raid