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Mon, 25 Jul 2016
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Austria suspends schengen, imposes border control amid refugee crisis

© AP Photo/ Ronald Zak
The Austrian government temporarily suspended the Schengen agreement, imposing full border control measures on everyone entering the country, Austrian Chancellor Werner Faymann told the newspaper Oesterreich in an interview.

"Everyone who is coming to us would be carefully checked at the border," Fayman told Oesterreich.

Chancellor Faymann said that from now on Austria would "similar to Germany" have a more strict border control and deport people who, lacking the proper refugee identification, out of the country.

Wall Street

Preparing for crises: IMF to review its assessment of world's largest financial systems

Experts of the International Monetary Fund (IMF) will in 2016 draft an assessment of the financial systems of Russia and other countries holding important positions in the global economy or in their region, the IMF reported.

"Some of the world's largest and most connected financial systems will undergo their mandatory five-year financial stability review by the International Monetary Fund in 2016," the IMF said in a statement on its website.

"Under the aegis of the Financial Sector Assessment Program (FSAP), the IMF is assessing big, systemically important countries such as Germany and the United Kingdom, as well as medium-sized, and in some cases regionally important financial systems such as Russia and Mexico," it said.

Chart Pie

European investigation shows Apple, Inc. may owe $8 billion in back taxes

© Apple, Inc.
Apple Inc. may be facing a hefty tax bill in Europe.

The world's largest company could owe more than $8 billion in back taxes as a result of a European Commission investigation into its tax policies, according to an analysis by Matt Larson of Bloomberg Intelligence. Apple, which has said it will appeal an adverse ruling, is being scrutinized by regulators who have accused the iPhone maker of using subsidiaries in Ireland to avoid paying taxes on revenue generated outside the U.S.
© Bloomberg
© Bloomberg
Apple EU Timeline
The probe dates back to 2014 and a decision could come as soon as March.

Comment: See also:

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The Truth Perspective: Provocation towards destruction

Broadcasting from deep in the heart of the American Empire, join your host Elan Martin, and fellow Sott.net editors, as they discuss everything from current events and the latest machinations and manipulations of the global elite to history, science, and religion, and how it all fits together.

The Occupation in Oregon, US military infringement on Iran's waters, media-perception-creation of immigrants in Cologne - what do these and other stories we've been reading all have in common? Again and again, by hook or by crook, we continue to see the forces of governments, media and the Western-influenced militaries seeking to covertly and overtly divide and conquer the cohesion and cooperation of normal human beings. How and why is this being done? And how can we battle such insidious influences that so many are so largely effected by but unaware of?

The Truth Perspective is brought to you by the SOTT Radio Network and SOTT.net, your one-stop source for independent, unbiased, alternative news and commentary on world events.

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Running Time: 02:17:00

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Iran deal down to technical clarifications, unrelated prisoner exchange

US Secretary of State John Kerry (L) meets with Iranian Foreign Minister Mohammad Javad Zarif (2R) in Vienna, Austria on January 16, 2016 on the expected "implementation day" of Iran nuclear agreement.
Officials at the US State Department have announced that Iran's nuclear agreement with permanent UN Security Council members plus Germany (P5+1) is on course to be implemented as "no major issue" remains. A State Department official, speaking on condition of anonymity, said Saturday that "some technical clarifications" were taking place but "there is no major issue being fought over," AP reported.

The comments come as top diplomats from Iran, the United States and the European Union are in Vienna, Austria, ahead of the implementation of the historic nuclear agreement that was reached between Tehran and the P5+1 countries - the United States, France, Britain, Russia, China and Germany- last July. Iran's Foreign Minister Mohammad Javad Zarif has already held talks with US Secretary of State John Kerry and EU Foreign Policy Chief Federica Mogherini.

The diplomats await a final report by the International Atomic Energy Agency (IAEA) on Tehran's adherence to commitments undertaken in the nuclear agreement with the P5+1. Zarif says the agreement will come into effect immediately after the IAEA publishes its report on Saturday. The implementation of the nuclear agreement with Iran will end international sanctions against the country over restrictions on its nuclear activities.

Comment: The final count down and wrap up to the Iran Deal may be at hand. Israel must be having one heck of a snit fit. Expect some kind of provocation as it doesn't like to share the limelight, nor have its agenda exposed and manipulations thwarted.

Bad Guys

Islamic State: US-Saudi plague reaches Indonesia?

ISIS attacks conveniently mesh with Washington's growing frustration with Jakarta and its expanding ties with China. Coordinated bombings and mass shootings struck Indonesia's capital of Jakarta on Thursday leaving several dead and many more wounded. The pattern matched that of attacks carried out last year in Paris, France, where known terrorists Western intelligence agencies were tracking, some for years, were somehow allowed to mobilize large caches of weapons in Belgium and execute their coordinated mass murder with virtually no effort to stop them ahead of the attacks.

The so-called "Islamic State in Iraq and Syria" quickly claimed responsibility for the attack and the Western media has begun stoking fears that the terrorist organization has now spread to Southeast Asia.

Snakes in Suits

The ascendancy of sociopaths in U.S. governance

© SOTT.net
An International Man lives and does business wherever he finds conditions most advantageous, regardless of arbitrary borders. He's diversified globally, with passports from multiple countries, assets in several jurisdictions, and his residence in yet another. He doesn't depend absolutely on any country and regards all of them as competitors for his capital and expertise.

Living as an international man has always been an interesting possibility. But few Americans opted for it, since the U.S. used to reward those who settled in and put down roots. In fact, it rewarded them better than any other country in the world, so there was no pressing reason to become an international man.

Stock Down

Venezuela's Maduro declares 60-day 'state of economic emergency' as fascist counter-revolution sweeps Latin America

© Carlos Garcia Rawlins/Reuters
Venezuela’s president Nicolás Maduro gestures before his state of the nation address to the National Assembly in Caracas on Friday when declared a national economic emergency

The president of Venezuela has declared a state of economic emergency for sixty days.

President of Venezuela Nicolas Maduro has signed a decree on a state of economic emergency to address the protection of social rights amid the grave economic crisis in the Latin American country, local media said Friday.

"The state of economic emergency was declared throughout the national territory in accordance with the Constitution of the Bolivarian Republic of Venezuela and its legal system, for a period of sixty (60) days", the text of the decree published in the Gaceta Oficial says.

Maduro said earlier this month that the measures would be aimed at increasing the fundamental indicators of production, product distribution, commercialization and price controls.

The announcement came two days after Venezuela's oil price had dropped to $24 a barrel, the lowest mark in 12 years. Up to 96 percent of Venezuela's budget depends on oil revenues, which has a negative impact on the socio-economic situation in the country.

Comment: Maduro specifically said:
"Washington is activating measures at the request of Venezuela's fascist right, who are emboldened by the coup in Brazil," Maduro said during a Friday night broadcast on state television.
Death of Chavismo in Venezuela: Election of right-wingers heralds privatization, pillage and pro-Americanism


Jordan 'turns from US & Israel' by setting up anti-ISIS war room with Russia

Jordan has set up a joint war room with Russia to carry out coordinated anti-Daesh (ISIL) military operations in Syria, indicating a turn by the country from its US, Saudi Arabia and Israeli allies, in the face of the increasing volatility of the entire Middle East region.

The move by Jordanian King Abdullah II to establish a shared war room with Russian forces will radically change how political decisions are made and how intelligence is shared in the region, Israeli military and intelligence sources told military intelligence commentary website Debka.

Previously, Jordan fought the Syrian President Bashar Assad from a command center shared with the US, Saudi Arabia and Israel, located north of the country's capital of Amman.

Comment: Further reading: Libya: The Western Coalition/ISIS's new front


South Front: Syrian Air Force flies joint sorties with Russians, Egypt joins Saudi Arabia's dirty war in Yemen

International Military Review - Syria (Jan.15)