Mervyn King, the governor of the Bank of England, has launched a blistering attack on Britain's banks, describing the £1tn government support given to them as "breathtaking".
In an outspoken speech last night, in which he made his clearest call yet for the banks to be broken up, King warned that the British people will be paying for the cost of the financial crisis for a generation.
from Crikey .....
Tax Office won't prosecute Australia's worst tax cheat
Tax consultant and former ATO audit manager Chris Seage writes:
Guns given to Somali quiz winners
The winners of a quiz organised by Somali Islamists have been given weapons and ammunition as prizes.
Prizes included AK-47 assault rifles, hand grenades and an anti-tank mine.
The quiz ran during the holy Muslim month of Ramadan in the port city of Kismayo, and included questions about the Koran and Somali geography.
A representative for the al-Shabab militant group said the quiz aimed to stop young men from wasting their time and focus on defending their territory.
With US and NATO commanders on the battlefield of Afghanistan calling for more troops, how best to defeat the Taliban is being hotly debated by Washington's policy-makers and their media pundits.
Yet, nowhere are the types of questions posed by Arundhati Roy (the acclaimed Indian novelist and social activist) on a recent visit to Pakistan to be heard in the mainstream US discourse. Clarifying the purpose of her trip during an address at the Karachi Press Club, she stated, "I'm here to understand what you mean when you say Taliban...Do you mean a militant? Do you mean an ideology? Exactly what is it that is being fought?"
President Obama promised to usher in a new era of government transparency when he was sworn into office nine months ago.
On January 21, Obama signed an executive order instructing all federal agencies and departments to "adopt a presumption in favour" of Freedom of Information Act (FOIA) requests and promised to make the federal government more transparent.
Of the Greek rubber chicken...
keels of contention...
The British oil trader Trafigura has offered to pay out in a historic damages claim from 31,000 Africans injured by the dumping of toxic waste in one of the worst pollution disasters in recent history, the Guardian can reveal.
The compensation deal for the victims of toxic oil waste dumping in west Africa - likely to be confirmed imminently - means the full extent of attempts to cover up what really happened can be spelled out for the first time.
A leading UK wildlife expert today said protecting the large primates he called the "gardeners of the forest" could provide the easy fix for global warming envisaged by international reforestation programmes.
America and other industrialised countries are looking to reforestation programmes in Africa, South-east Asia and South America to help contain the effects of climate change.
Truth is war's first casualty. The Afghan War's biggest untruth is, "we've got to fight terrorists over there so we don't have to fight them at home." Politicians and generals keep using this canard to justify a war they can't otherwise explain or justify.
Many North Americans still buy this lie because they believe the 9/11 attacks came directly from the Afghanistan-based al-Qaida and Taliban movements.
Not true. The 9/11 attacks were planned in Germany and Spain, and conducted mainly by US-based Saudis to punish America for supporting Israel's repression of the Palestinians.
Food production will have to increase by 70% over the next 40 years to feed the world's growing population, the United Nations food agency predicts.
The Food and Agricultural Organisation says if more land is not used for food production now, 370 million people could be facing famine by 2050.
The world population is expected to increase from the current 6.7 billion to 9.1 billion by mid-century.
Climate change, involving floods and droughts, will affect food production.
Ronit Ridberg has given the world a marvellous look into the fraudulent, Big Government-Big Pharma complex with his documentary film, Big Bucks, Big Pharma: Marketing Disease and Pushing Drugs. It's a bit dated, from 2006, but certainly, that is no hindrance to the message of the film. It's an hour long, but worth every minute of your time.