Paul Craig Roberts and Michael Hudson: “Russian government is reconsidering the neoliberal policy”

by Paul Craig Roberts and Michael Hudson

According to various reports, the Russian government is reconsidering the neoliberal policy that has served Russia so badly since the collapse of the Soviet Union.  If Russia had adopted an intelligent economic policy, its economy would be far ahead of where it stands today.  It would have avoided most of the capital flight to the West by relying on self-finance.

Beijing Installs Supersonic Missiles on South China Sea’s Most Lethal Destroyer

The upgraded combat features on board the flagship of the South China Sea fleet impress Western defense analysts, as Beijing threatens to aggressively defend the disputed territories.

'Road of Life to Aleppo': First Report From the Besieged Syrian City

The Syrian army has repelled attacks by terrorist groups in the southwestern outskirts of Aleppo for ten days, and has managed to launch a counterattack in some districts, backed by air forces and artillery.

Why ATM Pin Has 4 Digits Only

We as Nigerians come across a lot of exciting, captivating and thought provoking things in our day to day activities. However, due to our busy schedule, and sometimes the thought of where we're headed at the particular period in time, across we don't really bother to look into the background of these amazing inventions. I am 100% sure that 99.9% of my readers make use of the ATM machines more than twice within the period of a week.

MEND Replies Goodluck Jonathan

The Movement for the Emancipation of the Niger Delta (MEND) has issued a press release in response to former President Goodluck Jonathan's statement on MEND in which he denied allegations that he was one of the sponsors of the Niger Delta Avengers. In it, the group claims that Mr. Jonathan's failure to address the Niger Delta's challenges led to the formation of MEND.

Read the MEND press release below:

Ondo : APC Aspirants Tackle Tinubu Over Alleged Imposition

Ahead of the August 27 primaries of the All Progressive Congress (APC) in Ondo state, 24 of the 25 aspirants yesterday kicked against a surreptitious plan by the party’s National Leader, Asiwaju Bola Ahmed Tinubu to impose Dr. Segun Abraham on the party.

I’m Not A Sponsor Of Niger Delta Militancy-Jonathan

Former Nigeria’s President, Goodluck Jonathan has denied being one of the sponsors of militancy in the Niger Delta region.
The Reformed Niger Delta Avengers (RNDA) had said many notable Ijaw and other Niger Delta leaders and elders, including Jonathan were involved in sponsoring the activities of militancy in the Niger Delta region.
The former president’s Media Aide, Ikechukwu Eze in a statement on Sunday said the claim made by Cynthia White should be discarded as Jonathan could never be a sponsor of militancy in the Niger Delta.

Housemaid Steals, Buries N1.5 Million In Bush

The sum of N1.5 million stolen in Lagos by a housemaid, Happiness Gabriel, has been recovered in a bush, in Ogun State.
The 18-year-old maid, who stole her boss’s money within two and a half hours of being engaged in her Lagos home, was reportedly aided by her 30-year-old stepfather, Gabriel Igbang.
It was gathered that sometimes in May 2016, Happiness was contracted by Mrs Bolanle Ibukunoluwa through one Alhaja popularly known and called Iya Dolapo, as a housemaid and the monthly salary agreed upon was N7, 000 which was to be paid at the end of the year.

Six Russian Tu-22M3 Bombers Destroy Daesh Command Posts, Militants Near Palmyra

Six Russian Tu-22M3 long-range bombers attacked Daesh targets near Palmyra on Monday, the Russian Defense Ministry said in a statement.

"On August 8, 2016, six long-range Tu-22M3 bombers which took off in Russia dealt a concentrated high-explosive ammunition attack on targets of the Daesh terrorist group in areas east and northwest of Palmyra, near the As Sukhnah and Arak settlements."

#SYRIA 6 Tu-22M3 bombers took off from Russian territory, carried out concentrated strike on #ISIS objects near al-Sukhnah and Arak

— Минобороны России (@mod_russia) August 8, 2016

Train rams into Nigeria Police Force patrol car

Train rams into Nigeria Police Force patrol car at Woji railway junction, Rumurolu, Port Harcourt, Rivers state

Man sets wife and kids ablaze inside a car after an argument (photos)

A 30-year-old cab driver burned his wife alive inside his car in Nandanam, India on Sunday August 7th. The woman had doused herself with petrol to threaten her husband following a bitter argument and he lit a match stick and set her on fire.

Pres. Buhari to attend Pres. Deby’s inauguration in Chad, tomorrow

Man reportedly electrocuted, while trying to steal cable from a transformer

Man reportedly got electrocuted, today, while trying to steal cable from a transformer at Kontagora LGA, Niger state.

Photo: Four teenagers arrested in Akwa Ibom for alleged trading in human parts

4 teenagers were recently nabbed in Mbo State Local Government Area of Akwa Ibom State when they went looking for a buyer of a human skull in their possession.

‘Russia Has Won the Proxy War in Syria’: Deal With US Fulfills Moscow’s Mission

Commenting on the recent developments in the Syrian conflict and the agreement between Russia and the US on the coordination of bombing missions in the country, many media sources now agree that Moscow has the upper hand in the conflict and its agreement with the US will grant it and its ally Iran the final victory.

Over 300 Terrorists Killed In Clashes With Govt Forces In Southwestern Aleppo

More than 300 terrorists were killed and many more were wounded during clashes with the Syrian government forces in Southern and Southwestern Aleppo.

20 Ukrainian Casualties In Friendly Fire Incident In Donbass area

A total of 20 Ukrainian soldiers were killed or wounded in a friendly artillery fire incident in Donetsk on Thursday, according to Russian language news reports.

According to a news release posted on the website of the Donetsk ministry of defense, the casualties took place in Avdievka when an artillery unit of the 12th Battalion of Ukrainian 26th Separate Artillery Brigade struck positions of the Ukrainian 58th Separate Mechanized Rifle Brigade. The reason for the incident was improper adjustment of an artillery fire.

Two Chinese kidnapped in Nasarawa

The police in Nasarawa State say two Chinese attached to West African Polaris Investment have been kidnapped in Agada village, Nasarawa Local Government Area of the state.

Police Public Relations Officer Ismail Noman told the News Agency of Nigeria on Saturday in Lafia that, XJieng AI Jung, 50 and Wenso Ping, 45, were ambushed by unknown gunmen at about 2.28pm on the their way to Abuja.

13 die in bar fire

At least 13 people were killed and six injured in an accidental fire early Saturday during a birthday party at a bar in the northern French city of Rouen, officials said.

Cold Blooded Murder’: Chicago Police Releases Paul O'Neal ‘Execution’ Video

The family of an unarmed 18-year-old man shot in the back by Chicago police last week is calling the police shooting an “execution,” after footage of the incident was released Friday.

South China Sea Buildup: Secrets Revealed for Beijing’s New Aircraft Carrier

As the Chinese People’s Liberation Army Navy makes significant upgrades to its fleet, a newly emerged photograph shows that the nation’s third aircraft carrier will feature a catapult system, instead of the ski-jump method used in earlier models.

With tensions escalating in the South China Sea, Beijing has been steadily upgrading its naval forces. In addition to the construction of new fighter jets, early-warning patrol aircraft, anti-submarine warplanes and helicopters, the PLA Navy is also in the process of adding new aircraft carriers.

Dollars To Hajj Pilgrims: CBN To Lose N7.6bn Tax Payers' Money

The Central Bank of Nigeria has issued a circular instructing commercial banks to sell dollars to Pilgrims going to the Hajj at an exchange rate of N197.

The Central Bank explains that the sale of the forex will be funneled through commercial banks who are then mandated to sell to pilgrims at N197. Pilgrims are expected to purchase a minimum of $750 and a maximum of $1000 per pilgrim.

Scammers Infect Themselves With Own Malware, New Wire-wire Fraud

A pair of security researchers recently uncovered a Nigerian scammer ring that they say operates a new kind of attack called “wire-wire” after a few of its members accidentally infected themselves with their own malware. Over the past several months, they’ve watched from a virtual front row seat as members used this technique to steal hundreds of thousands of dollars from small and medium-sized businesses worldwide.

EFCC Arrests 3 FAAN Staff For N100m Fraud Using 8 Accounts

The EFCC, on August 2, 2016 arrested a level six officer of the Accounts Department of the Federal Airports Authority of Nigeria, FAAN, Christy Olabode, for an alleged fraud to the tune of N100 million. Also arrested was her younger brother, Abdul-Shehu Obaze, a staff at the Commercial Department of FAAN in Ilorin, Kwara State, and Dominic Ojo, an IT officer at FAAN Headquarters, Lagos. Her arrest followed an anonymous petition, which indicated that she allegedly diverted the said sum, by inserting names of non-FAAN staff into its payroll. She allegedly conspired with Obaze, to perpetrate the fraud.

Meltdown In Nigeria Is Affecting Neighbouring Countries - Benin President

Buhari pledges conversion of gas for easy export
Tobi Soniyi in Abuja

The economic meltdown in Nigeria is affecting neighbouring countries, the President of Benin Republic, Patrice Talon, has said.

Talon who is in Nigeria on a one-day visit spoke at a joint press briefing between him and his host, President Muhammadu Buhari.