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UK banks abandon eurozone over Greek default fears
June 19, 2011
Senior sources have revealed that leading banks, including Barclays and Standard Chartered, have radically reduced the amount of unsecured lending they are prepared to make available to eurozone banks, raising the prospect of a new credit crunch for the European banking system. Standard Chartered is understood to have withdrawn tens of billions of pounds from the eurozone inter-bank lending market in recent months and cut its overall exposure by two-thirds in the past few weeks as it has become...
June 19, 2011
Senior sources have revealed that leading banks, including Barclays and Standard Chartered, have radically reduced the amount of unsecured lending they are prepared to make available to eurozone banks, raising the prospect of a new credit crunch for the European banking system. Standard Chartered is understood to have withdrawn tens of billions of pounds from the eurozone inter-bank lending market in recent months and cut its overall exposure by two-thirds in the past few weeks as it has become...
Why Germany must exit the euro
June 19, 2011
Imagine you’re in charge of Europe. Not, I grant you, the opportunity of a lifetime, but let’s narrow down the job description to one specific question. The only way you can save the single currency is to eject one country from the eurozone. So, who is it to be? You might be tempted this weekend to say Greece, for understandable reasons. Not only is it facing almost certain default, it has been a constant thorn in the side of the euro – spending too much, saving too little, and displaying...
June 19, 2011
Imagine you’re in charge of Europe. Not, I grant you, the opportunity of a lifetime, but let’s narrow down the job description to one specific question. The only way you can save the single currency is to eject one country from the eurozone. So, who is it to be? You might be tempted this weekend to say Greece, for understandable reasons. Not only is it facing almost certain default, it has been a constant thorn in the side of the euro – spending too much, saving too little, and displaying...
Domestic flight crackdown
June 16, 2011
PASSENGERS will be required to produce photo identification before boarding domestic flights as part of the biggest recommended overhaul of airport and maritime security since the September 11, 2001, terrorist attacks in the US. It's understood the recommendation is contained in a report to be released today by the parliamentary joint committee on law enforcement into the failure of existing security measures to combat organised crime in the aviation and maritime sectors. The committee is understood...
June 16, 2011
PASSENGERS will be required to produce photo identification before boarding domestic flights as part of the biggest recommended overhaul of airport and maritime security since the September 11, 2001, terrorist attacks in the US. It's understood the recommendation is contained in a report to be released today by the parliamentary joint committee on law enforcement into the failure of existing security measures to combat organised crime in the aviation and maritime sectors. The committee is understood...
US Warships Moved To Syrian Coast
June 16, 2011
Military intervention nears even as Obama administration prepares to launch full ground war in Libya Even as the Obama administration...
June 16, 2011
Military intervention nears even as Obama administration prepares to launch full ground war in Libya Even as the Obama administration...
CIA Expands War on Terror into Africa
June 15, 2011
Following up yesterday’s report that the CIA will begin targeting al-Qaeda in Yemen, today the Associated Press reports: The United States is building a secret CIA air base in the Persian Gulf region to target terrorists in Yemen, preparing for the possibility that an anti-American faction may take over Yemen and ban U.S. forces from hunting a lethal Al Qaeda faction there. The effort against al-Qaeda reportedly directed by Pentagon dinner guest Anwar al-Awlaki in Yemen is being run by the Joint...
June 15, 2011
Following up yesterday’s report that the CIA will begin targeting al-Qaeda in Yemen, today the Associated Press reports: The United States is building a secret CIA air base in the Persian Gulf region to target terrorists in Yemen, preparing for the possibility that an anti-American faction may take over Yemen and ban U.S. forces from hunting a lethal Al Qaeda faction there. The effort against al-Qaeda reportedly directed by Pentagon dinner guest Anwar al-Awlaki in Yemen is being run by the Joint...
Missing Iraq money may have been stolen, auditors say
June 14, 2011
After the U.S.-led invasion of Iraq in March 2003, the George W. Bush administration flooded the conquered country with so much cash to pay for reconstruction and other projects in the first year that a new unit of measurement was born. Pentagon officials determined that one giant C-130 Hercules cargo plane could carry $2.4 billion in shrink-wrapped bricks of $100 bills. They sent an initial full planeload of cash, followed by 20 other flights to Iraq by May 2004 in a $12-billion...
June 14, 2011
After the U.S.-led invasion of Iraq in March 2003, the George W. Bush administration flooded the conquered country with so much cash to pay for reconstruction and other projects in the first year that a new unit of measurement was born. Pentagon officials determined that one giant C-130 Hercules cargo plane could carry $2.4 billion in shrink-wrapped bricks of $100 bills. They sent an initial full planeload of cash, followed by 20 other flights to Iraq by May 2004 in a $12-billion...
Mother handcuffed, arrested and locked in a police cell… for filming council meeting on her mobile phone
June 12, 2011
A mother of four arrested and handcuffed after filming a council meeting on her mobile phone may take action against...
June 12, 2011
A mother of four arrested and handcuffed after filming a council meeting on her mobile phone may take action against...
Osborne to flag Northern Rock sale – report
June 12, 2011
Chancellor George Osborne will use a major speech on Wednesday to announce plans to auction off state-owned bank Northern Rock, the Sunday Times newspaper reported. The newspaper said that Osborne would make the announcement at his annual Mansion House address to the City of London's financial elite -- a gathering that will also be addressed by Bank of England Governor Mervyn King. A Treasury spokesman declined to comment on the report, beyond confirming that Osborne's speech would refer to financial...
June 12, 2011
Chancellor George Osborne will use a major speech on Wednesday to announce plans to auction off state-owned bank Northern Rock, the Sunday Times newspaper reported. The newspaper said that Osborne would make the announcement at his annual Mansion House address to the City of London's financial elite -- a gathering that will also be addressed by Bank of England Governor Mervyn King. A Treasury spokesman declined to comment on the report, beyond confirming that Osborne's speech would refer to financial...
U.S. Homeland Security asks Jewish groups to be vigilant for terrorists
June 11, 2011
Jewish Federations are the first faith-based group to partner with the security agency in its campaign urging Americans to keep a watchful eye on others for potential involvement in terror crimes. Jewish Federations of North America officials met today at the White House with Department of Homeland Security Secretary Janet Napolitano. The meeting, coinciding with the announcement of the Federation movement’s new partnership with DHS, was dedicated mainly to the state of threats posed to American...
June 11, 2011
Jewish Federations are the first faith-based group to partner with the security agency in its campaign urging Americans to keep a watchful eye on others for potential involvement in terror crimes. Jewish Federations of North America officials met today at the White House with Department of Homeland Security Secretary Janet Napolitano. The meeting, coinciding with the announcement of the Federation movement’s new partnership with DHS, was dedicated mainly to the state of threats posed to American...
