Peter Schiff: US dollar has lost its strength

Peter Schiff: US dollar has lost its strength


As Russia is set to receive a huge economic boost due to the announcement today that they will host the World Cup in 2018, the United States is still suffering from a sluggish economy that is not producing jobs. At the height of the financial crisis, major financial institutions needed a bailout from the US government but the US yet to impose stricter financial regulations, weakening the US dollar

Drug gangs battle Brazilian police for favelas

Drug gangs battle Brazilian police for favelas


Brazilian Police have raided several favelas (slums) following days of intense violence in the streets of Rio de Janeiro. The police are blaming the violence on drug gangs. More than 25 people have been killed including innocent bystanders, as rival gangs are working together to fight the police. Asia Times Correspondent Pepe Escobar says this has been the key problem in Brazil, it was considered a "no man's land" that the government forgot about because the drug cartel's overran the local area.