Finland is about to launch an experiment in which a randomly selected group of 2,000–3,000 citizens already on unemployment benefits will begin to receive a monthly basic income of 560 euros (approx. $600). That basic income will replace their existing benefits. The amount is the same as the current guaranteed minimum level of Finnish social security support. The pilot study, running for two years in 2017-2018, aims to assess whether basic income can help reduce poverty, social exclusion, and bureaucracy, while increasing the employment rate.
The Finnish government introduced its legislative bill for the experiment on 25 August. Originally, the scope of the basic income experiment was much more ambitious. Many experts have criticized the government’s experiment for its small sample size and for the setup of the trial, which will be performed within just one experimental condition. This implies that the experiment can provide insights on only one issue, namely whether the removal of the disincentives embedded in social security will encourage those now unemployed to return to the workforce or not. Continue reading »
H/t reader squodgy:
“It may be the title of the latest Hollywood frightened series, but it is also an appropriate title for the pandemic hitting Europe…….CONTAGION…..”
It appears, just as we warned, that Brexit was indeed the first of many dominoes. Even before the Brexit result, a poll by Ipsos Mori showed that the majority of people in France and Italy want to at least have a referendum on leaving:
Meanwhile, over 40% of Swedes, Poles, and Belgians are in the same boat.
But now, as Martin Armstrong notes, Brussels simply went too far. They cross the line moving from an economic union to a political subordination of Europe. Now eight more countries want to hold referendums to exit the EU – France, Holland, Italy, Austria, Finland, Hungary, Portugal, and Slovakia all could leave.
– Migrant rape fears spread across Europe: Women told not to go out at night alone after assaults carried out in Sweden, Finland, Germany, Austria and Switzerland amid warnings gangs are co-ordinating attacks
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Crop Losses Follow
Rare Snowstorms abound across the planet. Mid-June and every continent received snow across both hemispheres. Record snows in Argentina/Chile, New York state, Russia, China, Finland
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Video – Rare June snow covered summer lawns and flower beds.
9 June 2016 – The Finnish Meteorological Institute official findings snowfall at Inari Saariselkä the amount of snow was 8 centimeters and at Rovaniemi airport five centimeters, says YLE meteorologist Matti Huutonen. Continue reading »
11/03/2016 – HELSINKI, Finland – Migrant rapists charged
Three men from Syria, and one from Iraq have been charged in court for their part in a gang rape in Helsinki railway station in November last year. Three of the men are described as being in their twenties while a fourth is around 40 years old. The victim is described as being a female “young adult”, reports Svenska.
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FINLAND has become the latest country to warn of mass increases in the migration crisis with officials saying asylum applications will rise six-fold this year.
It comes after Hungary prime minister Viktor Orban described the European Union’s response to the crisis as “absurd” saying it was making no effort to thwart the influx.The Hungarian leader has authorised the building of an enormous 280-mile long razor wire fence to protect the state from increasing numbers of migrants. Continue reading »
The assaults have been coordinated.
Possibly a test for what is coming.
This engineered migrant crisis is brought to you by TPTB.
– Migrant rape fears spread across Europe: Women told not to go out at night alone after assaults carried out in Sweden, Finland, Germany, Austria and Switzerland amid warnings gangs are co-ordinating attacks:
- Sweden has issued warnings to women to be wary of potential attacks
- 15 young women have reported being groped by men in Kalmar, Sweden
- Austrian police have come under fire after claims attacks were covered-up
- Finnish police say they have information that the attacks are co-ordinated
- Vienna’s police chief advises women not to go out on the streets alone
- Cologne police chief Wolfgang Albers relieved of his duties over handling of New Year’s Eve sex attacks
Security authorities are growing increasingly concerned by the rising number of sex attacks by gangs of migrants which appear to be spreading across Europe.
Finland and Sweden today became the latest European countries to issue warnings to women to be wary of the threat of sex attacks following fresh reports of sexual assaults in the last week, while the Viennese police chief adviced women not to go outside alone in Vienna. Continue reading »
The Seahawks/Viking game on Sunday started at -6 F (-21 C) at the stadium with a -25 (-31 C) wind chill.
Polar vortex on the way. Icy nucleus for Europe.
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Women in the Finnish capital of Helsinki have become the latest victims of sexual harassment by the migrant community. Police have revealed a number of attacks that took place over the New Year period.
“Police have received information about three cases of sexual assault, of which two have been filed as complaints,” Helsinki police said of the attacks, which occurred at the city’s main train station on New Year’s Eve.
Women were targeted in an area where around 1,000 mainly Iraqi asylum seekers were celebrating the coming of 2016.
“The suspects were asylum seekers. The three were caught and taken into custody on the spot,” Helsinki Deputy Police Chief Ilkka Koskimaki told AFP. Continue reading »
Finnish Foreign Minister Timo Soini – who once implored eurocrats to just be “honest” and admit that the Greek bailout “isn’t going to work” – blames the euro for his country’s economic woes and warns that if Brussels can’t devise a viable strategy for controlling the influx of asylum seekers, “nation states will be forced to take matters into their own hands.”
Over the last few months, in a prime example of currency failure and euro-defenders’ narratives, Finland has been sliding deeper into depression. Almost 7 years into the the current global expansion, Finland’s GDP is 6pc below its previous peak. As The Telegraph reports, this is a deeper and more protracted slump than the post-Soviet crash of the early 1990s, or the Great Depression of the 1930s. And so, having tried it all, Finnish authorities are preparing to unleash “helicopter money” to save their nation by giving every citizen a tax-free payout of around $900 each month!
The Finnish Social Insurance Institution is to begin drawing up plans for a citizens’ basic income model. The preparation’s director Olli Kangas says that full-fledged basic income would net Finns some 800 euros a month.
The Finnish Social Insurance Institution (Kela) will soon begin work on a presentation for basic income, regional news group Lännen Media reports. Once implemented, the model could revolutionise the Finnish social welfare system.
If implemented, the so-called basic income would replace other benefits people currently receive, and would therefore be rather high, Kela’s Research Department Manager Olli Kangas told Lännen Media. Continue reading »
Nicholas Rockefeller admitted the elite’s goal is a 100% microchipped and enslaved World population
– Government Wants to “Implant Recipients of Welfare Assistance with Satellite-Tracked Chips” (SHFTplan, Aug 14, 2015):
Implantable RFID tracking chips. You know, to stop terrorism.
And to keep tabs on all the welfare queens, in order to keep tax dollars accountable.
There will be other rationales, too. Continue reading »
– Finland – Summer 2015 poised to be coldest on record (Ice Age Now, July 28, 2015):
“The mercury has exceeded 20 degrees C so rarely this year that the summer of 2015 is shaping up as the chilliest in more than half a century of statistics tracked by the Finnish Meteorological Institute (FMI).
This summer, the temperature has only surpassed 20 C (68 F) at FMI monitoring points on 37 days. In Finnish Lapland, there have only 19 such days. Continue reading »
– Finland Echoes Germany, Wants Greece Out; Five Other Nations Back Grexit (ZeroHedge, July 11, 2015):
Initially it was just an unconfirmed report circulating in the German FAS media that the local FinMin had proposed a “temporary Grexit” option. Then it got some more traction when a ZDF journalist reported that it was much more than just speculation…
Schäuble´s idea of a “Temporary Grexit” not yet discussed at Eurogroup meeting. But paper exists and circulates. #Greece
— Stefan Leifert (@StefanLeifert) July 11, 2015
It now appears that this was not only not a rumor, but Schauble’s sentiment is contagious: moments ago Finnish broadcaster MTV reported that first Finland, and then the Eurozone’s smaller, if somewhat more solvent nations, Estonia, Lithuania, Slovakia, Slovenia and even the Netherlands, support the German position on temporarily suspending Greece’ Euro membership. Continue reading »
– Russia Sanctions Blowback: Finland’s Largest Dairy Lays Off 800, Spain Seeks EU Aid, Poland Complains To WTO (ZeroHedge, Aug 13, 2014):
Well that didn’t take long. Mere day after Russia announced its ban on Western nation food imports, European countries are scrambling (as we explained why here). Greece has already expressed dismay, but now Spanish officials will meet with EU leaders to discuss offsetting the country’s estimated up to $800 million in food and agriculture losses due to sanctions. Poland is pissed and has complained to the WTO claiming “Russia has broken international law in both its embargo;” and Finland’s largest dairy producer has announced 800 layoffs due to the sanctions. When does Europe tell Washington – enough!
Spain demands aid… (despite Rajoy’s support for anti-Russia sanctions)
Spanish Agriculture Minister Isabel Garcia Tejerina said the restrictions have prompted her ministry to convene a meeting with the European Commission in Brussels on Thursday.
The Spanish government has estimated that agricultural losses will amount to €337 million, or about 1.8 percent of Spanish exports. Other groups, like Spain’s opposition Socialist Party, have estimated the losses to be higher- €581 million. Continue reading »
– “Megablizzard” forecast for eastern Australia (Ice Age Now, June 23, 2014):
“Best snowfalls in a decade.” Maybe the “storm of the century.”
– Aleutian volcanoes waking up (Ice Age Now, June 23, 2014):
Five volcanoes now simultaneously active, the most activity in 26 years.
– Record snowfall in Norway (Ice Age Now, June 23, 2014):
First time since records began that snow has been recorded in June.
– Surprise Snowstorm Clobbers Rockies (Ice Age Now, June 23, 2014):
June 20, 2014 – “A bizarre June snowstorm hit Glacier National Park in Montana and parts of Utah and Idaho this week,
– Confirmed – Earth’s protective magnetic shield is weakening (Ice Age Now, June 22, 2014):
The most dramatic declines are occurring over the Western Hemisphere, says European Space Agency. Continue reading »
Tags: Alaska, Antarctica, Argentina, Australia, Barack Obama, Bolivia, Canada, Chile, Climate Change, Environment, Estonia, Europe, Finland, Global Cooling, Global News, Global Warming, Italy, Montana, Mount Etna, New Zealand, NOAA, Norway, Obama administration, Politics, Russia, Science, Seattle, South Africa, Sweden, Turkey, U.K., U.S., Utah, Volcano, Wyoming
– Russian “Doomsday Plane” Spotted Flying By Finland Border (ZeroHedge, April 25, 2014):
The last time the Russian “Doomsday Plane” was seen in the air doing its trademark loops at 27,000 feet telegraphing Vladimir Putin was somewhere nearby, was on March 31, just days after the formerly Ukrainian region was annexed by the Kremlin. Until today, when over the past 4 hours, the Tu-214 has been quietly circling in position just shy of Finland and the Baltics, where as it is known, NATO has been depositing hundreds of western soldiers in a “defensive” build up.
What is the “Doomsday Plane”? Here is a reminder:
The Tupolev Tu-214SR is a Russian Special Mission Aircraft believed to act as a communication relay aircraft. This kind of aircraft is often dispatched by the Russian Air Force to accompany Putin’s presidential aircraft on its travels and for this reason it is considered the Russian version of the U.S. E-4B, a so-called “doomsday” plane, with an airborne command and control role. Continue reading »
– Tales Of The Unexpected: Who Really Benefited From The Euro (Hint: NOT Germany) (ZeroHedge, Aug 18, 2012):
With austerity supposedly destroying standards of living (that no real austerity has actually been implemented is a different matter entirely) across Europe’s insolvent periphery, the only recourse said broke countries (here’s looking at you Mario Monti and Mariano Rajoy) have is to desperately attempt to shame those countries who have money such as Germany, Austria, Finland and the Netherlands, aka Europe’s AAA club, into shoveling more and more and more cash into the bottomless pit that are the PIIGS. After all, precisely this was the basis for the “hostage and extortion” strategy that Monti employed at the June 29 summit, and which has resulted in a surge in European stocks on hopes Germany will indeed bail everyone out. The reason for this is that, at least according to conventional wisdom, it was these countries that benefited the most from a decade of EUR-facilitated mercantilism, and exported inflation to their spendthrfit (and ‘debt-thrift’) southern neighbors. So it is only “fair” that these countries now give back a little (or a whole lot) back (just as it is only “fair” that Germany give a helping hand in Obama’s reelection chances, which as everyone knows would be negligible if the global capital markets were to tumble just before November if reality in Europe were to come back with a vengeance). Well, as virtually always happens, conventional wisdom is wrong, and as the following chart from UBS demonstrates, when one analyzes the only relevant metric that compares changes in standards of living across various income deciles- namely changes in real disposable household income – it is precisely the PIIGS that benefited, while countries such as Germany and Austria were left in the dust.
If we look across the larger and longer established Euro membership we can see these two patterns being replicated according to country type. Each country shows the cumulative real disposable household income growth for each of its income deciles. The lowest income decile is to the left of each country’s selection, and the highest to the right.
Austria looks to be alarmingly weak – what this actually represents is very little change in nominal disposable income growth, coupled with inflation. Germany, Ireland, most of Italy and the French middle class all experience a decline in their standards of living. In most of these countries, the highest income groups do relatively well. Continue reading »
– The Perfect Storm – Santelli Meets Farage (ZeroHedge, July 9, 2012):
The undisputed champion of European political ranting (UKIP’s Nigel Farage) discussed the sad reality of Europe’s inevitable demise with the reigning US chief of non-hype Rick Santelli in a no-holds-barred cage-match of like-minded skeptics. From Rajoy’s incompetence to the ‘genius of mutual indebtedness’, Farage explains the problem is ‘bedeviled with complexity’ as, for example, the last summit left “the Finnish and Dutch finance ministers leaving with a very different perspective on what happened than the rest” and now even Merkel is arguing domestically what she has and has not agreed to. From the simple self-referential idiocy of Spain’s EUR100 billion bailout – that creates vicious circles on all the peripheral ‘bailing’ nations; to “the same bundle of money going round and round in circles” leaving Nigel tempted to describe it as “a giant ponzi scheme”; Santelli, not to be outdone, explains how the US is just such a money-circulating ponzi scheme as “one part of the government issues debt as another part is buying”. The ECB, of course, is becoming plagued with more and more of the ponzi-like peripheral paper and as Farage notes “the day Greece leaves the Euro – and it will – the ECB is left with a massive paper loss” leaving the ECB under-capitalized – which in all its wonderful craziness means “it has to go and get fresh capital from the other countries that themselves have been bailed out and are in fact in trouble”. A farcical perfect storm as the “medicine is killing the patient”, and he fears if the nettle is not grasped (Euro break-up) now then the markets will overwhelm the whole thing this summer.
If the clip is not working (since it seems CNBC has been a little flaky with this embed – perhaps due to its rough content) – here is the link to the clip.
Tags: Angela Merkel, Banking, Collapse, Debt, ECB, Economy, ESM, EU, Euro, Europe, Finland, Germany, Global News, Government, Greece, Holland, Nigel Farage, Politics, Ponzi schemes, Rick Santelli, Society, U.S.
– And Now We Ramp On This Latest Non-News (ZeroHedge, June 20, 2012):
This is just getting ridiculous:
- MERKEL SAYS BOND PURCHASING BY BAILOUT FUND A POSSIBILITY
Uhm… that whole point of the bailout fund (ESM/EFSF) is to BUY BONDS. Basically Merkel just confirmed that the whole point of the ESM, which by the way still does not exist, and whose sole purpose is to buy bonds… is to buy bonds. You can’t make this up. Yes they will subordinate existing bondholders in the case of ESM, and in the case of EFSF Finland and soon Germany will demand collateral via negative pledges (as in the case of Spain – or did the market forget all about that already), but apparently that is now merely an irrelevant detail. And the EURUSD ramps on this, once again proving that nobody has any idea what is going on in the market but flashing red healines = usually good.
From the ECB itself:
– Germany Folding? Europe’s Insolvent Banks To Get Direct Funding From ESM (ZeroHedge, April 26, 2012):
We start today’s story of the day by pointing out that Deutsche Bank – easily Europe’s most critical financial institution – reported results that were far worse than expected, following a decline in equity and debt trading revenues of 23% and 8%, but primarily due to Europe simply “not being fixed yet” despite what its various politicians tell us. And if DB is still impaired, then something else will have to give. Next, we go to none other than Deutsche Bank strategist Jim Reid, who in his daily Morning Reid piece, reminds the world that with austerity still the primary driver in a double dipping Europe (luckily… at least for now, because no matter how many economists repeat the dogmatic mantra, more debt will never fix an excess debt problem, and in reality austerity is the wrong word – the right one is deleveraging) to wit: “an unconditional ECB is probably what Europe needs now given the austerity drive.” However, as German taxpayers who will never fall for unconditional money printing by the ECB (at least someone remembers the Weimar case), the ECB will likely have to keep coming up with creative solutions. Which bring us to the story du jour brought by Suddeutsche Zeitung, according to which the ECB and countries that use the euro are working on an initiative to allow cash-strapped banks direct access to funding from the European Stability Mechanism. As a reminder, both Germany and the ECB have been against this kind of direct uncollateralized, unsterilized injections, so this move is likely a precursor to even more pervasive easing by the European central bank, with the only question being how many headlines of denials by Schauble will hit the tape before this plan is approved. And if all eyes are again back on the ECB, does it mean that the recent distraction face by the IMF can now be forgotten, and more importantly, if the ECB is once again prepping to reliquify, just how bad are things again in Europe? And what happens if this time around the plan to fix a solvency problem with more electronic 1s and 0s does not work?
Here is Deutsche Bank’s Jim Reid redirecting attention back to where it was all throughout the summer and fall of 2011, until the new Goldman-based head of the ECB relented days after his appointment: Continue reading »
Tags: Banking, Belgium, Ben Bernanke, Bonds, Czech Republic, Debt, Deutsche Bank, ECB, Economy, ESM, EU, Euro, Europe, Fed, Federal Reserve, Finland, France, GDP, Germany, Global News, Greece, IMF, Ireland, Italy, Politics, Portugal, Society, Spain
– Finland vows care for narcolepsy kids who had swine flu shot (AFP, Oct. 5, 2011):
HELSINKI — The Finnish government and major insurance companies announced Wednesday they will pay for lifetime medical care for children diagnosed with narcolepsy after receiving the swine flu vaccine.
“The compensation will provide much-needed financial assistance for the families, although it cannot take away the emotional distress caused by this condition,” Social Services and Health Minister Paula Risikko said in a statement.
Finnish and international researchers recently found a conclusive link between the Pandemrix swine flu vaccine and new cases of narcolepsy, a chronic nervous system disorder which causes people to often uncontrollably fall asleep.
The Finnish Pharmaceutical Insurance Pool (LVP), which represents insurance companies, said Wednesday it would honour all insurance claims in this category.
LVP said it would review each claim individually to calculate the scope of the payout.
The Finnish government meanwhile agreed to cover any medical costs exceeding the insurance claims.
In Finland, 79 children between the ages of four and 19 developed narcolepsy after receiving the Pandemrix vaccine in 2009 and 2010.
Of these cases, an unusually high number, 76, also suffered from bouts of cataplexy, suffering hallucinations or paralysing physical collapses, according to Finnish research.
More information on vaccinations:
Original article here: – STUK: Merivesijäähdytyksestä uusia ongelmia Fukushimaan
The use of seawater for cooling reactors, Fukushima defective is not a long-term solution, whereas the Director-General of STUK Jukka Laaksonen. Laaksonen said YLE Radio 1’s number one morning in an interview that the sea will bring new problems for reactors.
Director General Jukka Laaksonen, use the seawater to play Fukushima faulty first-, second-and kolmosreaktoreissa.
– The sea is not a long-term solution. In a saucepan boil the water and leaving the salt, it will lead to problems, Laaksonen said.
According to Laaksonen, STUK has told the Japanese Lappeenranta, twenty years ago AWARD experiment and its results. In their view, the reactor will be new problems, unless the salt to get off.
– In the worst case, there should be concentrated salt solution and the salt begins to crystallize. Then the reactor will no longer be chilled in any way.