IMF Concedes Central Banks Are Doomed

 

The International Monetary Fund (IMF) has warned at the G20 summit in Hangzhou, China, that in the face of crises, the refusal to reform how things are functioning will lead to economic weakness in the global economy. “The latest data show subdued activity, less growth in trade and a very low inflation, suggesting an even weaker global economic growth this year,” the IMF told G20 leaders.

Indeed, we are looking at 2016 coming in as the fifth consecutive year in which global growth will be below the average of 3.7% which prevailed between 1990 and 2007. The IMF said: “Without strong political countermeasures the world could suffer a disappointing growth” for several years to come. Christine Lagarde told world leaders: “Even in the longer term the outlook remains disappointing.” Continue reading

English will not be an official EU language after Brexit, says senior MEP

Danuta Hübner, the head of the European Parliament’s Constitutional Affairs Committee (AFCO), warned Monday that English will not be one of the European Union’s official languages after Britain leaves the EU.

English is one of the EU’s 24 official languages because the U.K. identified it as its own official language, Hübner said. But as soon as Britain completes the process to leave the EU, English could lose its status.

“We have a regulation … where every EU country has the right to notify one official language,” Hübner said. “The Irish have notified Gaelic, and the Maltese have notified Maltese, so you have only the U.K. notifying English.” Continue reading

FEC chair warns that conservative media like Drudge Report and Sean Hannity face regulation — like PACs

…and then they went for the opposition in the press.

Government officials, reacting to the growing voice of conservative news outlets, especially on the internet, are angling to curtail the media’s exemption from federal election laws governing political organizations, a potentially chilling intervention that the chairman of the Federal Election Commission is vowing to fight.

“I think that there are impulses in the government every day to second guess and look into the editorial decisions of conservative publishers,” warned Federal Election Commission Chairman Lee E. Goodman in an interview. Continue reading