In These New Times

A new paradigm for a post-imperial world

China’s communist billionaires: Darlings of Harvard, Wall Street, CFR

Posted by seumasach on February 27, 2016

New American

24th February, 2016

East Coast-West Coast, from Harvard to Hollywood, China Inc. is setting down a big footprint, with indispensable assistance from some of the biggest names on Wall Street: Goldman Sachs, Morgan Stanley, Carlyle Group, Kissinger Associates, CitiBank, JPMorgan Chase.

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US, Russia revive the Syrian peace process

Posted by seumasach on February 25, 2016

 Kerry: “Cooperation between Russia and the United States via foreign and military agencies will be stipulated as part of further work.”

M.K.Bhadrakumar

Indian Punchline

22nd February, 2016

What is cooking between Russia and Iran? Evidently, there is something terribly important happening for Russian Defence Minister Sergey Shoigu to make a rushed visit to Tehran on Sundayso soon after his Iranian counterpart’s ‘working visit’ to Moscow only last week. Shoigu brought a message from President Vladimir Putin, which he handed over in person to Iranian President Hassan Rouhani. No further details have been divulged.

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General Lord Dannatt: Russia is getting it RIGHT in Syria

Posted by seumasach on February 22, 2016

Russia is getting it RIGHT in Syria, it’s the UK getting it WRONG, blasts ex-army chief

Express

16th February, 2016

General Lord Dannatt, ex-chief of general staff, said defeating Islamic State (ISIS) would only be achieved through military force.

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US investment banks v. hedge funds in the fight over Brexit

Posted by seumasach on February 22, 2016

US investment banks are squaring up against hedge funds in the fight over a Brexit

Hargreaves Lansdown

21st January, 2016

Goldman Sachs and JPMorgan are pouring cash into the campaign group fighting to keep Britain in Europe, ahead of a referendum on the issue that could come as soon as this summer.

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Barclays sued over ‘sham’ payments

Posted by seumasach on February 22, 2016

Financial Review

21st February, 2016

Barclays paid Qatari investors a total of £346 million in secret and dishonestly characterised payments as part of a “sham” to secure their participation in the bank’s 2008 emergency fundraising, a £1 billion lawsuit brought by another key investor on the deal has alleged.

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HSBC ‘taking too long to tackle financial crime’

Posted by seumasach on February 22, 2016

British banks are under fire from all sides. On one side their is threat of eurozone regulation and the planned banking union, on the other are the US regulators. Another British bank, Barclays is engulfed in scandal. Interestingly, Goldman and JPMorgan are funding the “Yes” campaign, while some major hedge-funds are backing”No”. Meanwhile the Chinese are busy constructing their alternative City in London’s Docklands.

Guardian

22nd February, 2016

HSBC is taking too long to tackle financial crime, US authorities have said, with an official monitor installed at the bank after a money-laundering scandal four years ago raising “significant concerns”.

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Johnson adviser: protections for City “unimpressive

Posted by seumasach on February 22, 2016

Boris Pensions Tsar: EU Deal ‘Unimpressive’

Sky News

Protections for the City of London secured by David Cameron as part of his deal to reform Britain’s membership of the European Union (EU) are “unimpressive” and amount to “no more than a whingers’ charter”, one of Boris Johnson’s key advisers has said.

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Cameron spins the City’s demise

Posted by seumasach on February 21, 2016

 

Cailean Bochanan

21st February, 2016

It is unusual for the British establishment to risk a consultation with the people unless major changes are underway- changes which are sufficient to provoke divisions in the establishment itself. It goes without saying that the negotiations with the EU are not essentially about child benefit for Polish families living in the UK. They are about “sovereignty” although in a very limited sense: the “sovereignty” of the City of London. The deal struck triumphantly by Cameron is revelatory. It shows that conflict within the establishment  concerns the least bad option for the City: whether to face exclusion from the EU market and displacement by Paris or Frankfurt as Europe’s leading financial centre or to remain inside Europe and to take up arms against a sea of Eurozone banking regulations and by opposing end them. That is the question!

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Posted in Battle for Europe, UK economy | Tagged: , , , , , | 2 Comments »

NATO won’t support Ankara in conflict with Russia

Posted by seumasach on February 21, 2016

NATO Warns Turkey It Won’t Support Ankara in Conflict With Russia

Sputnik News

20th February, 2016

As tensions escalate between Turkey and Russia, NATO has warned Ankara that it will not take part in a war provoked by the Turkish government.

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Cameron fails to get veto on EU financial regulation

Posted by seumasach on February 20, 2016

David Cameron’s EU deal: what he wanted and what he got

Guardian

19th February, 2016

In a surprising win for Cameron, only one euro ‘out’ will be able to force a debate among EU leaders about ‘problem’ eurozone laws. Other EU leaders agreed to this because neither the UK, nor any other country, would have a veto. The tactic can be used to delay, but not to stop eurozone laws.

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UK-EU deal preserves Britain’s leeway on market regulations

Posted by seumasach on February 20, 2016

Cameron has not achieved a deal that will guarantee immunity for the City of London from EU regulation. In general, we can suppose that this is the least bad option for the City which fears its demise even more outside of the EU altogether. That is why Britain won’t be leaving the EU- the scare stories have already begun, falling house prices, run on the pound etc. and they will only gain in intensity over the coming weeks.

Reuters

19th February, 2016

European Union leaders reached a deal late on Friday that offers leeway to Britain in applying banking and markets’ regulations, but maintains that there will be a single set of rules for the financial sector within the EU.

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