Archive
Banking Scandal: How Document Trail Reveals Global Scam
Monday, 02 July 2012
‘The interest rate rigging scandal that has engulfed Barclays was the result of a coordinated attempt at collusion by traders working for a coterie of leading banks over at least five years, according to a series of lawsuits and legal rulings filed in courts in Asia and North America.
The lawsuits allege the fraud was extensive, spanning at least three continents and involving trades worth tens of billions of pounds. The allegations raise further serious questions about the banks’ ability to police themselves and the role of senior management in monitoring the activities of their employees.
In a 28-page statement of facts relating to last week’s revelation that Barclays had been fined a total of £290m, the US Department of Justice discloses how a network of traders working on both sides of the Atlantic conspired to influence both the Libor and Euribor interest rates – the rates at which banks lend to each other. It was, in effect, a worldwide conspiracy against the free functioning of the market.’
Read more: Banking Scandal: How Document Trail Reveals Global Scam
North Carolina Nuclear Facility with Superheated Uranium Leaking Ten Gallons of Radioactive Cooling Water per Hour
Sunday, 10 July 2011 09:30
‘A nuclear research reactor at North Carolina State University (NCSU) in Raleigh, NC, was recently shut down after it was discovered that the plant has been leaking about ten gallons of nuclear cooling water per hour for at least the past week. Officials from the university, however, claim that the leak, which stems from the 15,000 gallons of water used to cool the superheated uranium reactor core, poses “no public health threat.”‘
davidicke.com/headlines
Oil Spill on Montana’s Yellowstone River Forces Evacuation
Sunday, 03 July 2011 11:12
‘An undetermined amount of crude oil spilled from an ExxonMobil pipeline into the Yellowstone River in Montana, prompting evacuations of nearby residents on Saturday, authorities said.
The spill that was detected early Saturday came from a crude oil pipeline that runs from Silver Tip to Billings, Montana, the ExxonMobil Pipeline Company said in a statement. The pipe was subsequently shut down and state and federal authorities were alerted, the company said.
Nearby residents in Laurel, Montana, were evacuated in the wee hours of the morning but were able to return to their homes by 6 a.m., said a spokesman for Laurel City Fire and Ambulance.’
Read more: Oil Spill on Montana’s Yellowstone River Forces Evacuation
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