It was reported Tuesday that Antreas Artemis, the chairman of the Bank of Cyprus, abruptly resigned from the island nation’s largest bank. This came after Artemis had a meeting with the Finance Ministry and the head of the central bank. One of the reasons that Artemis stepped down from his post was because he says […]
Archives for March 2013
Report slams French taxes, regulations for killing one million jobs
A new report by the think-tank Concorde has found that the high number of tax hikes and the vast employment regulations imposed over the years has led France to lose approximately one million jobs. The repressive tax policies have prompted entrepreneurs, businesses and the wealthy to flee the nation, an issue that was first projected […]
The world’s first Bitcoin ATM coming to Cyprus amid economic collapse
Jeff Berwick, founder of StockHouse.com and CEO of TDV Media, announced in a press release Monday that he will establish the world’s very first Bitcoin ATM in Cyprus. The purpose of opening the Bitcoin machine is due to the financial collapse, bailouts of financial institutions, capital controls and bank closures. The automated Bitcoin dispenser will […]
Cyprus secures international bailout to avoid potential economic collapse
The Cyprus government may breathe a sigh of relief after it agreed to a bailout deal with international creditors in the early hours of Monday in Brussels. It will receive 10 billion euros ($13 billion) from Troika lenders – a group comprised of the International Monetary Fund (IMF), the European Central Bank and the European […]
IRS spent $60,000 of your tax dollars on ‘Star Trek,’ ‘Gilligan’s Island’ parodies
The Internal Revenue Service (IRS) is hard (ha!) at work performing your tax returns and audits. But did you know that the tax man likes to waste your tax dollars on frivolous and highly questionable spoofs? The Associated Press reported that IRS admitted spending $60,000 on “Star Trek” and “Gilligan’s Island” parodies, but most of […]