Vatican City, Nov 21, 2014 / 12:08 am (CNA/EWTN News).- The recent return to the “Vatican bank” of some $28.8 million, seized because of alleged money laundering, closes a story that opened almost five years ago and accompanied the reform of Vatican finances.
In 2010, the Public Prosecutor of Rome made a preventive seizure of 23 million Euros transferred by the Institute for Religious Works (IOR, or “Vatican bank”) from an account it held in the Italian bank Credito Artigiano, now Credito Valtellinese.
MILAN, October 17 (RIA Novosti) – Russian President Vladimir Putin said Friday that world economy will collapse if oil prices remain at $80 per barrel.
Shale oil production for example in the United States just starts being profitable at a price of $80 per barrel, according to Putin.
“If oil prices remain at $80 per barrel, it will lead to production collapse. Budgets of all major oil-producing countries are based on the price of little more than $80, close to $90 per barrel…”
the Russia leader told reporters after the Asia-Europe Meeting (ASEM) summit in Milan.
Are you invested in Monsanto stock like Bill Gates, who owns hundreds of thousand of Monsanto shares worth about $23 million? It might be time to pull out since the company just reported over $156 million in losses for the fourth quarter.
“For the quarter ended Aug. 31, Monsanto reported a loss of $156 million, or 31 cents per share, compared with a loss of $249 million, or 47 cents per share, in the same period last year.”
(NaturalNews) Monsanto’s business model is falling apart right in front of their own face, because the biotech firm blatantly disrespects the property rights of farmers, contaminating their fields with unauthorized genetically modified seeds.
These unapproved GMO seeds inevitably cross-contaminate farmers’ fields, effectively destroying their yields. That’s exactly what happened in Oregon last year when some unauthorized “zombie wheat” from the Monsanto Company went from the lab and intermixed with a farmer’s natural wheat.
The debacle disrupted wheat exports as Japan and South Korea blocked shipments. A contingency of farmers have joined forces and sued Monsanto.
The Kremlin is ready to ban state officials from owning foreign property or keeping money abroad, a move seen by one civil society group as the latest manifestation of “Western phobia” by the government.
Kommersant stated that strict controls on foreign assets were seen as necessary.