Thursday 28 June 2012

Today's stories

Global economy

British bank Barclays will pay $US453 million to US and British authorities to settle allegations that it manipulated key interbank lending rates known as Libor, ramping up pressure on other banks to cooperate in a probe that could cost the financial industry billions of dollars
No doubt Max Keiser will have plenty to say about this! --RW

European authorities have unveiled their plan to save the euro, which includes the creation of a European treasury that would have powers over national budgets

The biggest US banks J.P. Morgan, Citigroup, Goldman Sachs Group, Morgan Stanley and Bank of America are preparing plans for quick liquidation in an emergency without hurting the nation’s economy.

As the debt crisis worsens in Spain and Italy, financial experts are warning of the catastrophic consequences of a crash of the euro: the destruction of trillions in assets and record high unemployment levels, even in Germany

Will India Implement The First "Executive Order 6102" Of The 21st Century?
Something strange has been happening in India in the last year: while the rest of the "developed" world has been doing all in its power to crush its currency in order to promote exports within a globalist mercantilist system suddenly gone haywire, India has had the opposite problem: with its economy slowing down even as rampant inflation persists, its currency has been sliding against all other currencies.

At least 24 people in 13 countries are arrested in US-led operation against cyber criminals trading information.

Wall Street

The Bank of International Settlements (BIS) – is considering reclassifying gold as risk-free assets as part of the Basel III framework.
Max Keiser says "Looks like the rich are preparing to “cash out” of paper currency" - RW

 This sort of scam ought to lead to prison time.  Instead, as has been the pattern, we find ourselves with tiny little wrist-slap fines and nothing more -- and the crooks get to keep the profits besides.

High-frequency trading firms are drawing scrutiny from U.S. regulators seeking evidence that they may be distorting market prices by conducting transactions with themselves..


Gunmen have attacked Syria's state-run Ikhbariya television station, killing three employees, a day after President Bashar al-Assad said the country was in a ''real state of war''

Syria: Attack on TV staff 'worst massacre against journalism' (VIDEO, PHOTOS) - RT
Syrian Information Minister Omran al-Zoubi put the responsibility for killing of seven TV staffers on the EU, Arab and International organizations. He called it “the worst massacre against journalism and the freedom of media.”

Gunmen kill several employees of Al-Ikhbariya, south of capital, a day after president said Syria "in a state of war".

Report: Syria may have downed Turkish jet after mistaking it for Israeli aircraft
Turkey warns Syria to keep its troops away from the countries' troubled border or risk an armed response.

Two SAS soldiers on a secret mission were captured by Syrian authorities after straying across the border from Iraq, it emerged yesterday.

They were released only after a "high-level intervention" by the British Government - believed to involve a visit by Foreign Office Minister Mike O'Brien to the Syrian capital Damascus two weeks ago.

At least 10 people have been killed and several others wounded in a bomb attack at a railroad station in southwestern Pakistan.

The United States successfully carried out a flight test of a new-generation ballistic missile defense interceptor on Wednesday, the Missile Defense Agency (MDA) said.
This significant piece of news has not made it into MSM -- RW

Iran says new nuclear road map to be prepared in Istanbul
Last round of nuclear negotiations between Iran and 5+1 group in Moscow ended without any results.
This also eludes attention in western media -- RW


More flee as Colorado fire sends 2-mile wall of flame down ridge
32,000 people evacuated in Colorado Springs area earlier; Obama to visit Friday

China quake kills at least four, injures 100
The quake toppled houses and cut off communications with parts of the affected counties.

Civil unrest/revolution

A van packed with gas canisters has exploded at the main entrance of Microsoft’s headquarters in Athens, damaging it. The attackers drove the vehicle through the front door and set off an incendiary device.


The German Chancellor, Angela Merkel, is in Paris to try to strike a Franco-German deal with the French President, Francois Hollande, amid deep-seated differences at what has been described as Europe's defining moment.

The UK government has introduced its new secrecy law in Parliament, which, if enacted, would mean details of the emerging torture scandals would be hidden forever


Shareholders of Japan’s Tepco power company, which operates the troubled Fukushima nuclear plant, have approved the nationalization of the company through a $12.58 billion cash injection from the Government.


Mohammed Mursi's first appointments as president-elect of Egypt will be a woman and a Coptic Christian, a spokesman has said, as he moves to allay fears about the Muslim Brotherhood.


Stockton, California, said it will file for bankruptcy after talks with bondholders and labor unions failed, making the agricultural center the biggest US city to seek court protection from creditors.

More flee as Colorado fire sends 2-mile wall of flame down ridge
32,000 people evacuated in Colorado Springs area earlier; Obama to visit Friday

One of Rep. Ron Paul’s (R-TX) lifelong policy goals is on the brink of becoming a reality.

In a nearly unanimous voice vote on Wednesday, the House Oversight Committee approved a billthat would require the U.S. Federal Reserve to conduct a first-ever complete audit of its books and divulge details about its monetary policy discussions. The bill is expected to be taken up by the full House of Representatives sometime next month.

Thought that endorsing Romney was bad enough?

US company removed from socially responsible share index over Israeli use of its bulldozers for demolition in Palestine.


Another boat believed to be carrying asylum seekers heading for Australia is reportedly in trouble.

50,000 teachers go on strike in Australia's New South Wales
Tens of Thousands of teachers have walked off the job for 24 hours in Australia’s New South Wales (NSW) to protest government reforms.


Rupert Murdoch presides over a meeting of News Corp's board this morning that will consider something he has until now been resisting: a break-up of News into two separately listed entities, and the quarantining of News' print media assets from the television and movie businesses that now account for 75 per cent of its revenue, and 90 per cent of its earnings.

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