Archive for July, 2010
Posted by seumasach on July 22, 2010
While the banks of other major European countries, such as France, Germany and Italy, face their own funding issues next year, none has to refinance anything like the same amount as the UK banks, which must replace debt worth just over 200pc of the average raised in the years 2005 to 2007.
Telegraph
21st July, 2010
Banks must raise about £390bn in new debt in 2011, or more than £30bn every month just to replace their existing funding as they are hit by a combination of maturing bonds and the closure of major Government-guaranteed financing schemes.
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Posted in Battle for Europe | Leave a Comment »
Posted by smeddum on July 22, 2010
By Peter Apps, Political Risk Correspondent
Thu Jul 22, 2010
FARNBOROUGH (Reuters) – If you want to see the shift in geopolitical and military clout from Western powers toward their growing emerging rivals, look no further than the sales stands of this year’s Farnborough air show.
With European governments expected to slash defense spending — and the United States seen probably following suit in the coming decades — the key focus for Western defense executives and government has been new export destinations. Read the rest of this entry »
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Posted by smeddum on July 22, 2010
July 21 (Bloomberg) — Chancellor Angela Merkel said China and Russia backed measures taken by euro region governments to cope with the sovereign debt crisis in the region.
“I think that we did this very well by far and when I saw in China recently that the prime minister made it clear again that they have confidence in the euro, and how Russia said that, then I think it was right not to help superficially and hastily, but to go to the true roots of our weakness,” Merkel told reporters in Berlin.
“If we can manage now to change the treaties” that limit government deficits and debt in the European Union, “Europe will be in pretty good shape after this crisis.”
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Posted by smeddum on July 22, 2010
guardian
26/7/2010
Coalition in confusion as deputy prime minister pronounces invasion ‘illegal’ at dispatch box
Nick Clegg labels Iraq war ‘illegal’.
Nick Clegg was tonight forced to clarify his position on the Iraq war after he stood up at the dispatch box of the House of Commons and pronounced the invasion illegal.
The deputy prime minister insisted he was speaking in a personal capacity, as a leading international lawyer warned that the statement by a government minister in such a formal setting could increase the chances of charges against Britain in international courts. Read the rest of this entry »
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Posted by smeddum on July 22, 2010
Yet again the British media roll out another “expert” who does not mention anything about the way birds navigate by using the earth’s electromagnetic field. How long will this question be ignored! As scientific studies like this pile up.
Britain’s favourite birds are disappearing, in a pattern that could have devastating consequences, writes Colin Tudge.
The cuckoo is now considered to be in danger of dying out Photo: Getty
Some birds, such as the magpie, are doing well
The Dartford warbler should become commoner as the climate becomes warmer Photo: PA
Lapwing Photo: RSPB/PA
Britain is losing some of its best-loved birds, and at an alarming rate, according to the latest UK Breeding Bird Survey. Cuckoos were down by 44 per cent nationwide between 1995 and 2008 (including an astonishing 71 per cent in the South West) – and then fell by another 21 per cent between 2008 and 2009. The Royal Society for the Protection of Birds has now added the cuckoo to its Red Data List of endangered species. Kestrels have declined by 36 per cent since 1995, and in the North East, the Northumberland National Park has lost 38 per cent of its curlews. There were big falls, too, in grey partridge, starlings and lapwings. Read the rest of this entry »
Posted in Ecological and Public Health Crisis | Tagged: disappearing Cuckoos | Leave a Comment »
Posted by smeddum on July 21, 2010
LONDON April 27 (Reuters) – After the dynamic growth of the BRIC countries in the last decade, a batch of six more countries — the CIVETS — will be the ones to watch in the next 10 years, HSBC’s (HSBA.L) (0005.HK) chief executive predicted. Read the rest of this entry »
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Posted by smeddum on July 21, 2010
Posted in Afghanistan | Leave a Comment »
Posted by smeddum on July 21, 2010
Shocked by past deals with Italy and Greece, governments are excluding the Wall Street bank from sovereign bond sales
The Observer,
Sunday 18 July 2010
Protestors jeer Goldman Sachs chairman Lloyd Blankfein as he prepares to face US Senators over the banking crisis. Photograph: Jim Young/REUTERS
European governments are turning their backs on Goldman Sachs, the all-conquering investment bank that has suffered a series of blows to its reputation, capped by the biggest ever fine imposed on a Wall Street firm. Read the rest of this entry »
Posted in Battle for Europe, Financial crisis | Tagged: Goldman Sachs | Leave a Comment »
Posted by smeddum on July 21, 2010
Posted in Uncategorized | Tagged: "War on Terror" | Leave a Comment »
Posted by smeddum on July 21, 2010
Posted in Uncategorized | Tagged: "War on Terror" | Leave a Comment »
Posted by smeddum on July 21, 2010
Japan Focus
9/7/10
Peter Lee
The Obama administration took office in 2009 determined to move beyond might-makes-right-makes-might unilateralism of the Bush years, and reassert America’s global influence as the most principled and powerful guarantor of rule-based multilateralism.
With respect to China, this approach was presented as a doctrine of “strategic reassurance”. Read the rest of this entry »
Posted in Multipolar world | Tagged: China US reations | Leave a Comment »
In These New Times 