Tag Archives: Sudden Outbreak of Common Sense

Several Swiss banks pull out of US tax settlement programme

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“At least 10 Swiss banks have withdrawn from a U.S. programme aimed at settling a tax dispute between them and the United States, Swiss newspaper NZZ am Sonntag said on Sunday, quoting unnamed sources.  Around 100 Swiss banks came forward at the end of last year to work with U.S. authorities in a programme brokered by the Swiss government to help the banks make amends for aiding tax evasion.  ‘At least 10 banks that had decided at the end of 2013 to pay a fine have withdrawn their decision,’ NZZ am Sonntag said, quoting unnamed lawyers and auditors. It did not name the banks concerned.  The newspaper said the banks were convinced they had not systematically broken U.S. law.”

http://uk.reuters.com/article/2014/08/31/uk-swiss-banks-tax-idUKKBN0GV0A520140831

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Thousands of Germans rally to end government spying

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“The rally in Berlin against federal surveillance gathered thousands of people under the motto ‘Freedom not fear,’ who were calling for stricter control of German intelligence agencies.  The organizers said about 6,500 demonstrators, a broad coalition of pro-transparency, anti-surveillance and civil rights groups including the E.F.F., Reporters Without Borders, Digital Courage, and Amnesty International joined the rally as they marched from the Brandenburg Gate to the Federal Chancellery.  The American Internet activist and journalist Jacob Appelbaum called on activists to not be afraid to expose government secrets, with many in the crowd holding Edward Snowden signs.”

http://rt.com/news/184000-berlin-protests-surveillance-government/

https://www.youtube.com/watch?v=P8o9gMgmshk

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Bitcoin Suisse AG Gets Licensed, Will Turn on ATMs in Zurich

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“In a statement released Monday, the CEO of Switzerland’s Bitcoin Suisse said his company had been approved by government regulators to start operating Bitcoin ATMs in the country.  ‘BTCS will turn on its existing — but until now offline — ATM network, consisting of a number of Zurich-based machines,’ Nicklas Nikolajsen said in a statement. ‘A network which will be expanded throughout eastern Switzerland and Liechtenstein, and where BTCS is now actively looking for locations and partners to realize this vision.’  He said that over the coming months his company would expand to offer new products and services, and welcomed investors to purchase equity or bonds.”

http://cointelegraph.com/news/112173/bitcoin-suisse-ag-gets-licensed-will-turn-on-atms-in-zurich

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Tanzania Readies Rules to Open Stock Market to Foreigners

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“Tanzania is studying proposals by the country’s stock market regulator to scrap limits on foreignshare ownership, providing a further spur to Africa’s best-performing equities gauge.  Plans by the Capital Markets and Securities Authority to change rules that cap foreign holdings of listed companies to 60 percent are with Tanzania’s Finance Ministry for approval. The amendments are expected to be implemented by the end of this year, he said.  The 11-member Tanzania Share Index gained 50 percent in 2014, the most among 17 African gauges tracked by Bloomberg, with Tanzania Breweries Ltd., National Microfinance Bank Ltd., and Tanzania Cigarette Co. leading the advance.”

http://www.bloomberg.com/news/2014-08-19/tanzania-readies-rules-to-open-stock-market-to-foreigners.html

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India Sets Norms to Open $20 Billion REIT Market

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“India approved the setting up and listing of real estate investment trusts as the nation seeks to unlock a $20 billion market.  The trusts, or REITs, will have to own assets worth at least 5 billion rupees ($82 million). Investors must put in a minimum 200,000 rupees. Final notifications would be issued soon to make the new rules for REITs effective.  The introduction of REITs will provide a new source of funding for cash-strapped developers that are struggling to reduce debt amid one of the highest interest rates in Asia and economic growth near the lowest in a decade. The products will give investors the ability to participate in the country’s property market without investing directly.”

http://www.bloomberg.com/news/2014-08-10/india-sets-norms-to-open-20-billion-reit-market.html

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Myanmar’s new stock market to open in Oct 2015: deputy minister

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“Daiwa Securities Group and the Tokyo Stock Exchange signed an agreement to help set up the exchange after Myanmar started to open up following almost half a century of military rule.  ‘Necessary arrangements have been well under way to open a stock market with a few qualified public companies in Yangon in October 2015,’ Deputy Finance Minister Maung Maung Thein, who chairs the exchange’s preparation committee, told Reuters.  He said half a dozen companies would be listed in the early stages, including Myanma Agro-business Public Co and Asia Green Development Bank.  The new stock exchange will be located in a former central bank building in the centre of Yangon.”

http://in.reuters.com/article/2014/06/04/myanmar-bourse-idINL3N0OL2AR20140604

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Apple Allows the World’s Most Popular Bitcoin Wallet Back Into Its Store

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“It looks like Apple has finally changed its stance on bitcoin.  Six months after Apple removed Blockchain from its online App Store—effectively preventing people from using the popular bitcoin wallet app on the iPhone and the iPad—the tech giant has now allowed the app back into the store. ‘This seems to be the first strong and real sign they are ready to accommodate future digital currency development,’ the makers of Blockchain said a statement, referring to Apple. ‘It goes a long way to legitimizing bitcoin and now provides hundreds of millions of iOS users access to bitcoin applications.’  Blockchain CEO Nicolas Cary thinks Apple’s new attitude comes down to one thing: Android.”

http://www.wired.com/2014/07/blockchain-back/

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California governor signs bill legalizing Bitcoin, other digital currencies

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“California Gov. Jerry Brown signed a bill that legalizes the use of Bitcoin and other digital currencies, reversing what backers called an outdated prohibition against use of alternative currencies.  The bill, dubbed AB 129, ensures that various forms of alternative currencies such as digital currencies, coupons, and points are legal for use to purchase goods and services in the state. The new law repeals a provision in existing state law that prohibits anything but US currency being used for commerce.  The Bitcoin Foundation, a nonprofit devoted to promoting best practices for the virtual currency, was ordered last year to cease operations in California, or face hefty fines.”

http://www.cnet.com/news/california-governor-signs-bill-legalizing-bitcoin-other-digital-currencies/

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Red-light cameras under scrutiny in state legislatures

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“The South Dakota state House passed a bill that would ban both red-light cameras and speeding cameras by a whopping 69-1 margin. A Missouri state House panel on Monday heard testimony on a similar bill.  A measure has been proposed in Iowa to require cities to justify their need for photo enforcement cameras, and a 2013 bill to ban them outright is still pending in Ohio. Opponents of the red-light cameras span the partisan divide, complaining of invasions of privacy or back-door tax increases — even that the red-light cameras result in more fender-benders at intersections. In some states, the ACLU is a prime driver behind camera-banning legislation; in others, it’s the tea party.”

http://www.washingtonpost.com/blogs/govbeat/wp/2014/02/07/red-light-cameras-under-scrutiny-in-state-legislatures/

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Directed History and the Promise of Cannabis in the 21st Century

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“The evolution of decriminalization is not merely an elite-driven sociopolitical movement; it is surely a purposeful effort to reset how the world responds to drugs.  But such a reset will tie to globalist ambitions to address drug issues on an international basis.  In this way, the cessation of the drug war would benefit proponents of internationalism.  Entrepreneurs can draw numerous conclusions from this emerging social theme.  Not only will other opportunities become apparent, but they will likely be long-lived.  At the same time, there will be increased multi-national regulation, legislation and interference. Businesspeople will be able to take advantage of the trend if they understand why it is occurring.”

http://www.thedailybell.com/public/files/Institutional-Reports/cannabis-whitepaper-June2014.pdf

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