Monthly Archives: July 2012

The crisis resulting from the bank rate rigging scandal that has engulfed Barclays took a dramatic turn over the weekend with the revelation that the entire banking system, from top to bottom, is implicated in perpetuating a gigantic fraud. In the words of one anonymous whistleblower working for another bank:...

THE Palestinian leadership agreed on Saturday to call on the UN Security Council for an urgent meeting on Israel’s settlement expansion on Palestinian land. The meeting of the Palestine Liberation Organisation Executive Committee in Ramallah, headed by President Mahmoud Abbas, agreed to begin international contacts and consultations on the issue,...

Unemployment in the eurozone soared to 11.1% in May, while the manufacturing collapse continued and is set to accelerate, according to official statistics produced yesterday. A total of 17.56 million people are now officially out of work, marking the highest level since records began in 1995, according to EU statistics...

GERMANY’S Chancellor, Angela Merkel, says she is satisfied with the EU deal to help finance the debt-laden eurozone banks without the sovereign state, in which they are based, taking the primary responsibility for debt repayment. Since the debt of the Spanish banking system is said to be in the 450bn...

TURKEY scrambled six F-16 fighter jets near its border with Syria yesterday afternoon after Syrian helicopters came close to the border, but remained in Syrian air space. Tensions have escalated since Saturday’s Geneva conference failed to call for President Assad to go. With Turkish troops and air...

THE British Medical Association (BMA) Annual Representative Meeting in Bournemouth on Thursday passed, almost unanimously, Emergency Motions calling to halt the take-over of South London and Essex hospitals and a campaign to ensure that all hospitals struggling for survival due to PFI debts remain owned and run...