By Loretta Chao, Gautham Nagesh and Frances Robinson

The U.S. has agreed to give up supervision of the Internet policy-making body that controls domain names, hoping to satisfy countries that want more international control over the Internet. This week, Washington will find out if its actions have eased global tensions over its cyberspying activities.

World representatives are arriving in Brazil for Net Mundial, a two-day meeting about Internet governance that starts Wednesday in São Paulo. The meeting comes amid fallout over spying by the U.S. National Security Agency that has renewed concerns over the U.S. government’s credibility and over longtime U.S. oversight of the Internet.

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By Stratrisks

Vladimir Chizhov, Russia’s ambassador to the European Union, said Russia is partnering with China in two major Crimean projects: the “Power of Siberia” gas pipeline and a 25 meter deep Crimean deep water port. These projects will continue despite the ongoing crisis in the Ukraine, Chizhov said.

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Beck Debunks Nevada Chicom Solar Plan but Reid Has Another One

Why is US Senator Harry Reid so concerned with a local Nevada rancher?

Flashback: Sen. Reid Breaks Ground for Nevada Solar Farm Near Bundy Ranch

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By Accuity

These bank rankings are compiled from balance sheet information included on Bankers Almanac available at 25 February 2014. The information available at this date is used to compile the full world and country rankings.

  • Industrial & Commercial Bank of China Limited, China
  • Deutsche Bank AG, Germany
  • BNP Paribas SA, France
  • Crédit Agricole SA, France
  • Barclays Bank PLC, UK
  • China Construction Bank Corporation, China
  • Agricultural Bank of China Limited, China
  • JAPAN POST BANK Co Ltd., Japan
  • The Royal Bank of Scotland plc, UK
  • Bank of China Limited, China

 
Continue Reading to see the top 50

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By Nancy Owano

Members of the Open Source Seed Initiative this week held a rally and seed giveaway event. The group is concerned over restricting access to seeds through patents. They are stirring up public awareness over their mission to model a new crop system of seed-sharing in the spirit of open source software. On Thursday the OSSI group gathered at the University of Wisconsin-Madison, to give away a set of seeds that can be used by anyone. The seeds are unrestricted by patents or intellectual property barriers. They released 29 new varieties of crops under an “open source pledge” for farmers, gardeners and plant breeders. The new varieties involved broccoli, celery, kale, quinoa and other vegetables and grains released under their novel Pledge, to be printed on all OSSI seed packets.

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Ever wondered how the world and its economy really works? Catherine Austin Fitts will expain…

The Unexplained Edition 154

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“For the human psyche is one of the great forces of nature, and what is most frightening about this space/time technology is that it exposes us to this force within us as nothing else ever has. We are standing in the storm of our own being.”

~ Michael Ventura

By Catherine Austin Fitts

The rebalancing of the global economies, begun with the creation of the WTO in 1995, is well underway. Initially, the focus was on production and the reorganization of global labor markets, whereby developed world labor competed more directly with those in the emerging markets. That reorganization has more to go. As Sir James Goldsmith said, this is a fundamental shift in the relationship between capital and labor dramatically in favor of capital.

A reminder of that fact was a report on a study we published on the blog recently that, in fact, the top 1% is not doing better. If you break down the wealth within the 1%, it is the top .01% that is doing better. That is the 1% of the 1%. The wealth of the remaining 0.99% has flat-lined.

With nearly 2 billion people with devices that can access the Internet – we are entering a new phase in the rebalancing of the global economy. We are not just using the reorganization of production and labor to provide the developed world with cheaper goods. As described in the 1st Quarter Wrap Up, we are reorganizing the global consumer and the methods of distributing media and entertainment and goods and services.  We are reinventing the relationship between bytes and atoms. This has profound implications for both economy and culture. We are introducing millions of people to social media and the digital currencies and payment systems of centrally controlled financial institutions before faucets and toilets and we are doing it at high speed.

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By Justin Boldenow, Producer of The Solari Report

Three and a half miles north of the Cannery Ballroom and three miles north of the Marathon Music Works building is a small venue that flies a little under the radar. However, it doesn’t fly so low that the artists don’t know that its there.

The Millennium Maxwell House Hotel looms as a peering tower over the flat commercial district of Nashville, composed of greasy fast food restaurants and too-squeaky clean car dealerships. Though the building’s stature seems out of place and the yelp reviews would deter you from ever setting foot inside one of their rooms (which is why we don’t take advice from yelp), hidden on the first floor past the reception desk is a real gem.

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By Rebecca Riffkin

Americans today are more likely to think real estate is the best option for long-term investments than in the past, ranking it ahead of gold and stocks.

These results are from Gallup’s April 3-6 Economy and Personal Finances poll that asked Americans to choose the best option for long-term investments: real estate, stocks and mutual funds, gold, savings accounts and CDs, or bonds. Prior to 2011, Gallup asked the same question, but did not include gold as an option.

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By Tom Mckay

A new scientific study from Princeton researchers Martin Gilens and Benjamin I. Page has finally put some science behind the recently popular argument that the United States isn’t a democracy any more. And they’ve found that in fact, America is basically an oligarchy.

An oligarchy is a system where power is effectively wielded by a small number of individuals defined by their status called oligarchs. Members of the oligarchy are the rich, the well connected and the politically powerful, as well as particularly well placed individuals in institutions like banking and finance or the military.

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(Photo Credit: Alexei Druzhinin / Associated Press)

By Sergei L. Loiko

Russia may invade southeast Ukraine to protect the local population, President Vladimir Putin said Thursday.

Speaking live at his annual call-in show in a Moscow television studio, Putin implied he reserves the right to move Russian troops into the neighboring country on behalf of pro-Russian residents.

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