News Dump Tuesday: NIRP coming to a saving account near you edition
Submitted by gjohnsit on Tue, 07/26/2016 - 12:49pm
It was inevitable. How it plays out is another story.
paying for a bank to hold your money
ABN Amro business clients may soon feel the effects of the European Central Bank’s low interest rates. From October 1st, the Dutch bank is adjusting its conditions to state that the bank can give negative interest rates to account holders with a business checking or -savings account, ANP reports.
The RBS banking group has warned 1.3 million customers they could be charged negative interest rates if the Bank of England cuts base rates below zero.
The group, which includes NatWest, wrote to its business and commercial account holders about the potential changes, which mean they could lose money even when they are in credit.
Hedge funds suffered some big redemptions in June, with investors pulling approximately $20.7 billion in the month alone, making it one of the largest non year-end outflows since 2009, according to a new eVestment Hedge Fund Asset Flows report.
As a result, net flows to hedge funds for the second quarter were negative $10.68 billion. The first half of 2016 saw net flows of negative $27.95 billion.
This also marks the third consecutive quarter of negative flows from the hedge fund industry.
The FSA forces aren’t holding anything right now, as reports of the resignation of division commander and every single one of his assistants has left the group without any official orders, stuck on standby.
The commanders resigned citing non-specific “medical reasons,” and while what’s left of the brigade is waiting for new orders and a new command structure, with the forces in surrounded districts in Aleppo it’s also highly possible that the FSA will just disband Division 16 outright.
Under the rules of war, militaries are permitted to kill civilians or destroy their property, even if such collateral damage is deemed likely before an attack, if the target is militarily critical. That reasoning is unacceptable for police departments, given their primary mission of protecting the public. The militarization of police with SWAT teams, armored vehicles, etc. is threatening enough to citizens’ liberty without the unnecessary use of military-grade explosives to endanger the civilians whose welfare they are supposed to be safeguarding.
And if the police are being militarized at home, the military has lately been used as a police force overseas. Instead of fighting other uniformed armed forces, the U.S. military has been bogged down in fighting police actions against non-uniformed guerrilla forces, which attack and then blend back into the population. As the U.S. military gradually learned during the Vietnam War and has had to painfully relearn in the quagmires in Afghanistan and Iraq, the use of the heavy firepower, normally used against regular foreign armies, is counterproductive against elusive guerrillas. The more civilians that are killed, the more the rising rage among the local populace leads to the recruitment of additional guerrilla fighters from their midst. Thus, eventually in all three wars, the military was forced to adopt what are called counterinsurgency (COIN) tactics, which have a primary goal of protecting the local population and even wining their "hearts and minds," rather than simply killing guerrillas. If this sounds like what a police force would do, it is.
Does this count as voter suppression?
Election officials in northern Thailand think they can buy off a gang of monkey vandals with fresh fruit and vegetables, after about 100 macaques tore up voter lists publicly posted ahead of next month's referendum on a proposed constitution.
District official Surachai Maneeprakorn said a large population of the monkeys lives behind the Buddhist temple where the polling station they raided Sunday is set up in an open hall.
"For some reason they were being very naughty and started tearing up the lists," he said.
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Comments
Damn...
Bernie monkeys...or it's...the Russians...that's it!
I want a Pony!
That NIRP thing is scary. If banks have so much money, why
aren't they giving it away? I'd take it off their hands.
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NIRP is hurting the banks
Charging you for a savings account is their way of passing along the costs.
Time to buy a home safe.
What would happen if much of the trillions of dollars sacked away by the uber wealthy and multi-national corporations were suddenly made available? Hyper inflation!
"I can't understand why people are frightened of new ideas. I'm frightened of the old ones."
John Cage
Why don't they use some of their godlike powers and purchase
of politicians to fix the problem?
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Well knock me over with a feather
You mean the anti-war people were righ?
Neoliberalism crushed the Iraq eonomy
link
BushCo wanted to create a "capitalist showplace"
that would show the world the wonders of untrammeled free market capitalism.
Well, they did just that, but the "wonders" are not at all what their delusional ideology led them to expect.
There is no justice. There can be no peace.