(FULL) WA National News Network

The European banking and financial world is in fibrillation, after the announcement of the approval by the European Parliament, one of the most important bills of this legislature, the Glass-Steagall Act (named after members of parliament who have proposed).
This is the law more "Taxpayers-friendly" and more "Finance-Enemy" that has been approved in recent years, and perhaps even more.

Before we start talking about the law, however, we have to give a slight glimpse at what is today the banking world. Until now there has always been a special type of bank, the so-called universal bank, or a credit institution which has both commercial characteristics (thus granting of loans to households and businesses, investments in the real economy, credit activities), and business characteristics (ie speculation on the stock exchange). Of course, such speculations are made with the money of depositors, with the money that the bank should keep, and these "toys speculative" have very high risks. If the bank fails speculation and accomulates too much debt, dragging and with it collapsing the entire production system (ie household savings, corporate loans). That's why every time a big bank is likely to fail, the state should intervene to save the banks, obviously with taxpayer money.
This is the concept of "Too Big To Fail".
The public guarantee favors from the banks the so-called "moral hazard": the bank engages high-risk speculation (with the money of depositors, by the way), because to it, if the operation goes well, match high gains. But if the transaction goes wrong and the bank is likely to fail there are no problems, because the state should intervene with bailouts billionaires. In short, the bank always wins, and in the meantime, the state continues to lose hundreds of billions of public money, and investment away from the real economy to go to get into speculation.

But let's get to the content of the new law.
It operates on the principle of separation of banking, a kind of wall between commercial banks (ie those which collect deposits and extend credit to households and businesses) and investment banks (ie banks that lead to speculative activity).

First, there is an absolute prohibition on the part of commercial banks to carry out their banking business and vice versa. So the commercial banks can no longer make speculative investments in the stock market, but only invest in the real economy and keep the savings of households. Investment banks instead can not have any connection with the real economy, and they keep the money of depositors.

Commercial banks and investment banks should be completely separated from each other. So the two types of banks can not make agreements of any kind, nor hold any interest in each other, and not even do head to a single company.
This means that the directors, members, shareholders and even the mere employees of any investment bank can not in any way hold leadership positions in commercial banks. And the opposite is also true, that the members of the commercial banks can not have positions in the business banks.

To enforce these rules will be deputies the supervisory bodies of the European Central Bank. The sanctions in case of violation of these rules, will be very heavy, and will include heavy fines and, in serious cases, revocation (for an indefinite period course) of the authorization to banking activity.

All banks have 18 months to comply with the new regulation, and thus to separate the commercial side from the business banks and end any relationship between the two.

The effects that this law will have are many.

Firstly, greater stability of the banking sector, as commercial banks, being now entirely foreign to the world of speculation, will have remote possibility of going bankrupt.
This means that there will be no public bailouts, and that the state could save hundreds of billions of Euros, which can then be reinvested in the real economy.
In addition, commercial banks, being free from the risks of speculation, may reactivate the credit to households and businesses, creating new economic growth. Meanwhile, the deposits of citizens will enjoy greater security.
Also, being reduced banks which play the stock market will decline even consistency speculation and derivatives exchanges, and resources can be redirected toward the real economy.
All this will bring more stability and unprecedented economic growth.

But what will the investment banks, now that they will be completely separate from the activity of credit and deposit? Simply continue to speculate on the stock market, but this time they will do with their money (and not with those of depositors) and without warranty of any kind by the state. They will not have contact with the real economy, and if they're going bankrupt, there will no longer the risk of contagion to the rest of the economy. If these banks fail, will not be saved, because there is no reason to do so.

So, who benefits from the new law are the taxpayers, who no longer have to pay the money to save the banks, and in fact the population is in favor of the new law.
The state also take advantage of it, and in fact the European Government has already ruled in favor of the new legislation, which will be immediately applied.
The same Manuel Barroso, Minister of Economy and Finance, said:
"The Government fully supports this bill, which will benefit the entire population. Immediately will implement the new rules, without any hesitation. Now is the time that finance goes back to being what it was, the servant of the real economy,and we are working to make this happen. Sharks of finance should resign, the free ride is over,now is the time to take responsibility and repay the nation".

The financial world instead, greedy and hungry for money, that with this law will significantly decrease their earnings, is already in revolt.
The largest banks in the country have announced the appeal to the European Constitutional Court, to denounce the "alleged unconstitutionality" of the law, and then lock it.
We'll see, the game is not over.

NEWS IN ANTANARES

Military exercises in the south
New military research center announced

The Ministry of Defense announced, in the early morning, the start of military exercises in the south area of the country, near the Province of Balcary, home of the 4th and the 5th Army Group, composed by mechanized divisions, air group, special forces, heavy tanks and missile defense vehicles. The exercises arrives with the news about the decision of the Government to take part to the embargo activated on Regornia, a new state born from Texania long the south border of Antanares and, for now, considered an element of instability for the area. The Ministry didn't release any comment about, but for the analysts the numbers suggest the volition of the Federation to reassure the population about the safe of the region.

Tanks of the 4th Army Group

wuhei Blends with the Greater people's republic


-Kyongdong- the Administrative Region of Wuhei is no longer an semi-independent nation. and is from today a full province of the People's Republic of Dromoda

Eastern Chernarusia, Near Pulkovo
  A massive military drill has been launched by the 1st Chernarusian Army Group stationed near the town of Pulkovo in Eastern Chernarusia. The 410,000 men of the Army Group began drills throughout the mountains and plains in the Pulkovo Region where conflicts with Lonbonian Nationalists have been escalating. These drills included Armoured Assaults, Town Clearing, and Combined Arms operations. Rumors have been that the other Army Groups of the Eastern Theatre have been holding similar drills, the 8th and 5th Army Groups which are based out of Athens in the south and Novi Sobor in the North near the Chernarusian-Lonbonian Border.
Some of the Local Lonbonians fear the worst as they claim that Chernarusia is gearing up for an invasion. General Victor Pokrovsky of the Eastern Theatre claims that it is just annual drills that are held each year. A military Document was leaked showing the status of the Eastern Theatre claiming that they are "READY for OPERATIONS". Many locals, in particular Lonbonians,  claim that the 1,300,000 men are far too many for a routine drill, they claim war is coming.

Document:

Irish Military Drills


The 41,160 member Imperial Military has started its 1st Half Military Drills of 2014. Led my Major General Conor O'Boyle the Imperial Irish Army started drills in the mountains at 6 AM they are set to stop at 6 PM.The drills are happening about 100 KM from the UEC-Irish Border and extends about 10 KM North.The drill only happens 2 a year and are very tough. President Eamon de Valera in 1949 passed the Military Regulation Act stating that all active military personnel must under go 2 military drills a year to remain ready for war.

Bharatpur Plans Improved Public Healthcare




Basiri, Bharatpur

Sultan Harischandra Jayaraman of Bharatpur and his administration have released news today that they are planning a complete overhaul of the healthcare system in the Sultanate of Bharatpur.

The nation, which has long been found near the bottom of of lists relating to public health, has recently doubled its efforts in maintaining the health of its people, and hopes that, with the help of bigger and richer countries, can have a healthcare system to rival that of even New-Zealand and its neighbor, Novo Canuckia.

This comes with recent efforts by the Bharatpuri government to improve the standard of living among its people and modernize the country, while still keeping roots in the fundamentals of Islam.

The people's Republic on the brink of collapse


-Kyongdong- more than 80% of all Dromodians want their own emperor back and get rid of the communist party says protester on Tienanmen square.

after the interview the journalist was into hiding because of the fierce knockdown 

some time ago there where discussions in the people's congress about how to run the country best. the discussions where fierce and the 10.000 members went on talking about the issue for 3 day's before going home or even to bed.

the People's Congress also said that this could be the end of the people's republic.

a little note here. 
Next day after the photo was made we needed to make another because what we saw was incredible.

where are the protesters?

The Dromodian Empire is back



-Kyongdong- A new emperor has risen from the old royal family of the Zhou.
the Name of the Emperor is Han Zhou

because of the event  even the highest officials the Dromodian government bow before him.
Dromoda is now getting rid of the so called Remindang
and is becoming a multi-party state. guomindang

however the people's congress will still be in use because we cant do without it.

People have the right to vote on every party desired



The son of heaven, emperor Han, is greeting the International community

SPANISH COAST RECEIVING RECORD VISITORS


A sunset in the beachside city of Valencia.

SANTA BARBARA, Aloia == Tourism is booming all along the Spanish Coast, a long stretch of beautiful beaches in the states of Costa Dorada, Kendalia, Del Sol, and San Buenaventura. The Spanish Coast is located along the north coast of Aloia and was named for the Spaniards who settled the region in the past. Tourism is the driving force behind the economy in Costa Dorada, Aloia's largest state and home to world-renowned beaches. Costa Dorada is well known for its beach and surfing culture and is a popular vacation destination for people from all over Aloia and Mnemosyne.

The People's Republic and the monarchy



-Kyongdong- Emperor Han Zhou wrote in the New Dromodian Constitution that he should not lead the country. because the country belongs to the people of Dromoda and not to one single one.

the emperor is a god for the people. but unlike the people's congress he is not in the position to rule.

So this means that from now the People's Republic is an constitutional people's republic with an monarch who is not in the position to rule but is still a symbol of the nation. like a saint he can't use political power but he is able to bear the full responsibility of the nation if necessary.

The people's republic is not a one party state anymore but has now a simular congress in Macao.

the People's senate. where the Emperor is the highest position and the senators (who represent a party or an individual with his own political party/political ideology) is now bounded to the people's Congress.

The Congress is not able to make laws anymore but its only use is to discuss if a law may pass or not.

The National Year is a series of events that happen every 4 years in The UKZ beggining with college festivals in October and ending with The National States Award Ceremony where the kingdoms of the UKZ are awarded for advancemet in various fields. The events also include The National Games.

The Games of The 16th National Olympiad occured in December 2013. The kingdoms are divede into 4 clans namely, The clan of Arrows, The Dog, The Tree and The Crown.



The Following are the images of the Games.

Ireland recognizes Magni Quas
After the Peoples Republic of Magni Quas declared itself independent,President Enda Kenny gave a speech in which he said.
"I send my official congratulations to President Takoon Jinping.I also  send my congratulations to the Government of the Peoples Republic.I wish you well in running your country.If the Peoples Congress votes yes to independence from the Commonwealth of the Empire of Ireland, then I shall grant it.You are most likely going to be a free country free from our control.We congratulate you."

Up to now, the decision to appoint a new Prime Minister, marking the birth of a new government, made by King Friederick Wilhelm at the dawn of the Regornian Crisis, mainly had its effects on the field of international politics.
But now the new wind is coming also into the sphere of domestic affairs. And it's a wind of changes, definitely.
After a long meeting of the Royal Council, Prime Minister Van Sondenburg-Sorenberg announced, in a special press conference at the Palace of Government, that New Tarajan will undertake an overall plan of reform in every major sector.
The main goal is to "reshape the Kingdom picture, improving our strong points and strengthening our weaker ones" as PM said to journalists: "New Tarajan needs to enter a new era: an era where peace, stability and order will come hand to hand with new economic growth, wealth, prosperity, with renewed commitments in the field of security, the spread of our glorious and ancient culture, supporting research and education both in sciences and arts; an era where corruption is wiped out from the everyday life of our citizens; an era where all the enemies of New Tarajan are crushed down, and all threats are destroyed."




The first point the Prime Minister handled with was economy.
"Our plan is to combine strategic partnerships, both inside and outside our country, with a renewed, strong focus on private initiative." PM said.
Translated into facts, the government is planning to increase the aids for all those companies which decide to work closely with internal or foreign partners. Outflows of foreign direct investments (FDI) will be particularly supported. The intention is clear: to increase the quantity and improve the quality of the presence of Tarajani industries and companies in the world.
But also the domestic sector will have its own importance: the government will help the creation of special partnerships between Tarajani enterprises.
"Unity it's the key" commented the PM: "By increasing cooperation between our own enterprises, New Tarajan will face the challenges of the future with a more solid, strong ground."
Private initiative will be supported with a series of new waves of privatizations in every sector, and with the creation of a new Special Anti-Trust Committee, with the specific aim to favour competitiveness inside the Tarajani market, eventually identifying and deleting all the obstacles.
The financial sector, spearhead of the economy, will see a complete new legislation, which will allow increasing investments (both inside and outside the Kingdom), increased liberalization for capitals, and new possibilities for banks and holding groups.


Eindhoven, a symbol of Tarajani economic growth, wealth and power.

Tourism will benefit from new infrastructure projects: from the new tourist docks of Alleskandberg and Merlberg, to the High Speed Railway (HSR) project, successor of the line already connecting Astana, Van Janusekstadt and Velikogovolka.
Aerospace and defense, two other core sectors, will see an increased focus on cutting-edge research (see below).
Luxury market, which already enjoys a considerable prosperity, will be supported through a careful balance of State aid and investments from the major holdings of the financial sector.


While living the new liberalization wave, some major elements of the energy sector will remain in the hands of the government, which will define the new guidelines of such a critical sector for New Tarajan.
First of all, export: "New Tarajan is a major exporter of shale gas, and liquified natural gas. Many foreign markets depend greatly from New Tarajan for these elements. But these are not our only strong points" said Prime Minister Van Sondenberg-Sorenburg: "Our Kingdom has been always on the frontline for the achievement of green, eco-friendly and sustainable energy. We will continue on this path."
In few words, New Tarajan will increase its research effort, and its commitment toward international cooperation in the field of sustainable energy. Already founder of the RESEGI, New Tarajan will continue to invest greatly in the OSAP (Orbital Space Array Project, n.d.r.), preparing economic plans for export of energy to many countries as possible.
High-tech energy production is "our core interest." The Kingdom will achieve complete energy independence in the next two years, thanks to the most recent projects (OSAP included), while increasing its share of world export.




One of the main plagues of the Tarajani system has been always corruption.
"The rank of New Tarajan in the most recent global surveys on corruption is embarassing" admitted the Prime Minister: "This is a shame for everyone who loves our country, not least for myself. I swear that we'll fight, and destroy this plague once and for all."
And indeed the Royal Council has very ambitious projects: the critical pillar of the reform will be the birth of the Royal Commission on Corruption (RCC). Composed by experts (outside the political world), the Commission will report directly to the King and the Royal Council, also advising the Landsraad and the Diet when requested; it will coordinate the action of the newly-created White Collars Crime Section of the Royal Federal Bureau of Justice (the RFBJ) and the new Special Team on Corruption of the Royal Federal Police.
The punishment for crimes related to corruption will be significantly increased (with the introduction of death penalty in case of crimes which lead to the death of people), with also a particular procedure for members of the Landsraad, the Diet or the government which will be found guilty.
But the government is particularly aiming at handling with this difficult task through liberalization, privatization, and a complete stremlining of statal participation in economic life (with a significant decrease of bureaucracy).


Palace Van Geldern, seat of the Landsraad, Astana. Together with its functions as Upper House of the Kingdom and most important legislative body, the Landsraad is also the supreme judicial court, with the King as Chief Judge.

Public order sector will see an increase in the number of policemen.
Moreover, new punishments will be introduced for serious offenses: feminicide will be punished only with life imprisonment and death penalty, together with rape and crimes related with sexual violence. Incitement to suicide will be judged at the same level of manslaughter (with a precedent already created by the Royal Court of Eindhoven, in the famous Eindhoven Case, which saw the execution of four teenage boys who caused the suicide of a girl of their same age).


Culture and education have always been two core pillars of New Tarajan. And the new governments wishes to continue on this path: "There's no growth, no order, no security, without culture." said Prime Minister.
The new plan created by the Royal Council provides for two main ways: the first one, is international promotion.
Through the creation of Cultural Centres attached to every Tarajani Embassy in the world, the organization of conferences, seminars and exhibitions, the creation of a new International Cultural Exchange Fund, and many other initiatives, "New Tarajan will bring its culture to the world." The government will subsidies a special fund for foreign student who want to study in New Tarajan, the study of foreign languages will increase, and every University and major education institution will be obliged to provide a complete series of facilities for foreign students and exchange programs.
The second way is improving quality: the Minister for Education and Research will handle with the task to re-design the tests for teaches and professors, at the same time creating new infrastructures, and new research centres.


A building of the Royal Tarajan University, Astana.


RHIELD is the acronymn of Restauration Homeland Intervention and Enforcement of Law Division. Probably the most powerful military/intelligence organization of the world, and without doubts the most powerful line of defense of New Tarajan, the RHIELD was created by King Conrad III at the dawn of the new Kingdom with one, simple task: to identify and wipe out every threat to the Tarajani political system. Particularly, it's devoted to the defense against subversive ideologies (like communism and other totalitarian systems) and terrorism.
Recently, the organization saw an increased effort in foreign intervention: from Regornia to Ireland (where is helping the government into the war against NIRA), RHIELD is facing new threats everywhere in the world.
"We cannot leave New Tarajan without a defense at the level of the threats." said Prime Minister: "The RHIELD is the most indispensable tool of our defense. And, for this reason, our government is proud to announce that the organization will be provided with a complete new fleet of skycarriers. The pride and masterpiece of our technology, now improved in their power and effectiveness, will protect New Tarajan and its allies everywhere, everytime; at the same time, it will give to our enemies what they deserve: terror, and punishment."



The first wave of new units, the T.A.S. Pride of the Shah, T.A.S. Mahvash Ziyar and T.A.S. Afarheen Rumi have been already launched from the docks of the Pasargade, the HQ of the RHIELD in Eindhoven, reaching the previous four units of the fleet.
Armed with cutting-edge weaponry, able to easily destroy any kind of target with incredible efficiency and accuracy even at great distances (differently from the limited arsenal of the previous model of skycarriers), the Skycarriers Mark II will link together the firepower of a flying battleship with the capability to project forces typical of a carrier.
But the new units are only the spearhead of a more wide project, codename HARDENED (acronymn of Hazard Advanced Response, Defence, ENforcement and Enemy Determination): a completely new satellite web-system will coordinate RHIELD operations in every corner of the world, with a real-time capability to deliver informations to the HQ. Combined with the power of the skycarriers and the incredible and lethal efficiency of field agents, this will virtually make the RHIELD able to intervene immediately against any threat any moment.