11th May, 2012
The City trader at the centre of a $2bn trading loss at JP Morgan Chase had returned to his home in Paris on Friday as the repercussions of the loss spread across the markets.
P Morgan trader ‘London Whale’ blows $13bn hole in bank’s value
Posted by seumasach on May 12, 2012
Posted in Financial crisis | Tagged: fall of the house of Morgan | Leave a Comment »
Papoulias discerns elements of optimism
Posted by seumasach on May 12, 2012
12th May, 2012
President Karolos Papoulias discerned optimistic elements in the account that PASOK President Evangelos Venizelos rendered to him upon returning the exploratory mandate for the formation of a coalition government on Saturday afternoon.
Posted in Battle for Europe | Tagged: Greek crisis | Leave a Comment »
JP Morgan chief reveals $2bn trading loss
Posted by seumasach on May 11, 2012
JP Morgan chief reveals $2bn trading loss caused by ‘sloppiness’
11th May, 2012
JP Morgan Chase, America’s biggest bank, issued a surprise trading update after US markets had shut on Thursday, admitting it had incurred $2bn (£1.2bn) of trading losses in the past six weeks.
Posted in Financial crisis | Tagged: financial collapse | Leave a Comment »
Syrian people in throes of NATO-backed death squads
Posted by seumasach on May 10, 2012
Syrian people in throes of NATO-backed death squads: Historian
10th May, 2012
Death squads backed by the NATO and some regional Arab states like Saudi Arabia and Qatar are sabotaging the ongoing peace efforts in Syria, a political analyst tellsPress TV.
“These are the NATO-backed death squads financed by Saudi Arabia, by Qatar and others that are at the root of this entire situation as I found on the ground in Damascus, in Homs and in Baniyas back in mid-November,” author and historian Webster Griffin Tarpley said in an interview with Press TV.
Posted in Syria | Leave a Comment »
Venizelos eyes unity deal after agreement with Democratic Left
Posted by seumasach on May 10, 2012
11th May, 2012
PASOK leader Evangelos Venizelos will hold talks on Friday with his counterparts at New Democracy and the Coalition of the Radical Left (SYRIZA) with the aim of agreeing on a framework for a unity government after Democratic Left leader Fotis Kouvelis on Thursday backed the formation of an ecumenical administration.
Posted in Battle for Europe | Tagged: Greek crisis | Leave a Comment »
Occupy the future of Europe! : AGORA AEGEE MAY 2012 speech Franck Biancheri
Posted by seumasach on May 10, 2012
Posted in Battle for Europe | Tagged: euroland construction, european construction | Leave a Comment »
‘Pentagon policy is to encircle Russia with ballistic missile offense’
Posted by seumasach on May 10, 2012
Posted in Disband NATO!, New Cold War | Tagged: missile defence system | Leave a Comment »
Cut Cellphone Tower Radiation by 90%: Gov to Mobile Operators
Posted by seumasach on May 10, 2012
9th May, 2012
Indian government has extended by five months the deadline for cutting radiation from cellphone towers by 90%, the government informed the Lok Sabha today.
Posted in Ecological and Public Health Crisis | Tagged: EM radiation health hazard | Leave a Comment »
Failed Qatari coup attempt in Kuwait
Posted by seumasach on May 10, 2012
9th May, 2012
Kuwaiti police arrested a group of Qatari agents charged for overthrowing Emir Al-Sabah IV.
Posted in Uncategorized | Tagged: arab spring, qatar | Leave a Comment »
Looking for answers to Greece’s impossible multiple choice
Posted by seumasach on May 10, 2012
Nick Malkoutzis
10th May, 2012
Greece is trying to complete a multiple-choice test in which all the answers are wrong. Sunday’s elections could have hardly produced a more fragmented result, one from which you can add up the numbers any way you want but not get the response you’re looking for. Efforts to form a unity government are due to fall flat — barring a last-minute successful intervention from President Karolos Papoulias. They seemed doomed to failure because none of the parties are taking on board constructive messages from the election result.
Posted in Uncategorized | Tagged: Alexis Tsipras, Coalition of the Radical Left (SYRIZA), Fotis Kouvelis, Ioanna Kontouli | Leave a Comment »
Hollande wants either Eurobonds of direct ECB bond purchases on the primary market
Posted by seumasach on May 10, 2012
8th May, 2012
Talking to the slate.fr Francois Hollande replied to a question about Germany’s opposition to Eurobonds: “On this question we will have discussions with our partners and in particular with our German friends, but they cannot put into place two deadlocks at once: one on the Eurobonds and the other on the direct financing of debt by the ECB”. On his demands to stimulate growth the French president elect said that he did not aim at a Keynesian deficit spending program as he is committed to reducing the French deficit. Rather he was aiming at “putting into place instruments at the European level, which means increasing the capital of the European Investment Bank, mobilising structural funds and the financial transaction tax which would allow financing of infrastructure works. Also Europe could at last decide to borrow which is all what the Eurobonds or the project bonds are about”.
Posted in Battle for Europe | Tagged: eurobonds, hollande agenda | Leave a Comment »
In These New Times 