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Interview: World's Super-Rich Hide $21 Trillion Offshore

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RFERL.org
July 28, 2012

The report looked at the amount of money hidden away.

Gaps in cross-border tax rules have allowed a very small number of the world’s super-rich elite to hide an estimated $21 trillion in offshore bank accounts. That’s according to a new study, “The Price of Offshore Revisited.”

The astounding amount of hidden money cited in the report is more than the gross domestic products of the American and Japanese economies combined. The research was commissioned by the Tax Justice Network -- an independent organization started by the British Parliament to promote reform. The report’s author, James Henry, is the former chief economist for the global management consultant firm McKinsey & Company. RFE/RL's Bruce Jacobs spoke with him by phone from New York.

Barclays beset with new UK probe and US lawsuits

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RT.com
Published: 27 July, 2012, 14:31

British bank Barclays faces a new regulatory probe at home and more lawsuits in the US over the Libor rate fixing case. The lender has officially apologized over its involvement in the scandal as it reported a multi-billion dollar profit.

­The UK Financial Services Authority is investigating whether the bank made sufficient disclosures about the fees it paid under commercial agreements in June and November 2008. The investigation involves current and former senior employees such as finance director Chris Lucas.

To read the rest of this story, visit RT.

Ancient Olympics Had "Spectacular" Opening Ceremony, Pagan Partying

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NationalGeographic.com

Stefan Lovgren and Ted Chamberlain

Updated July 27, 2012

 

Greek games rife with prostitution, sacrifices, doping—and legendary athleticism.

A Greek vase.

Naked ambition: Athletics and entertainment intertwine on an ancient Greek vase.

As if raw athleticism weren't enough, the ancient Olympics were the "total pagan entertainment package," kicked off with an opening ceremony as memorable in its way as anything in 2012 London, says Tony Perrotet, author of The Naked Olympics: The True Story of the Ancient Games.

World's Oldest Cave Art Found—Made by Neanderthals?

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NationalGeographic.com

Ker Than

for National Geographic News

Published June 14, 2012

The ''Panel of Hands'' in El Castillo Cave, Spain.

In El Castillo cave, hand stencils join a red disk (not pictured) that may be Earth's oldest cave art.

Photograph courtesy Pedro Saura via Science/AAAS

Prehistoric dots and crimson hand stencils on Spanish cave walls are now the world's oldest known cave art, according to new dating results—perhaps the best evidence yet that Neanderthals were Earth's first cave painters.

US military developing insect surveillance drones

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PressTV.ir

Sat Jul 28, 2012 4:58PM GMT

File photo shows an insect-sized spy drone.

File photo shows an insect-sized spy drone.
 
Reports indicate the US military has poured huge sums of money into surveillance drone miniaturization and is developing micro aircraft which now come in a swarm of bug-sized flying spies.
 

According to various internet sources, a team of researchers at the Johns Hopkins University in conjunction with the US Air Force Office of Scientific Research at Wright-Patterson Air Force Base in Arlington, Virginia, is helping develop what they are calling a micro aerial vehicle (MAV) that will undertake various espionage tasks.

To read the rest of this story, visit PressTV.ir.

Key Senate Staffer on Military Issues Got Big Payout From Lockheed Martin

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ProPublica.org

by Justin Elliott
July 26, 2012, 5 p.m.

Ann Elise Sauer

Ann Elise Sauer

Lockheed Martin has big business in Washington, with Defense Department contracts representing [1] more than half of the company's $46.5 billion in net sales last year. And now, Lockheed has a former top lobbyist in a key position on Capitol Hill overseeing the company.

Former Lockheed vice president Ann Elise Sauer was hired by Sen. John McCain in February as the top Republican staffer on the Senate Armed Services Committee.

To read the rest of this story, visit ProPublica.

Germany: Is strongest European economy heading south?

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RT.com
Published: 31 July, 2012, 16:56

German unemployment rose for a fourth straight month in July as crisis-hit businesses delayed hiring. It’s a reminder the country, which many in the Eurozone are looking to for help, may have to set its sights on its own economic problems.

The number of people out of work rose a seasonally adjusted 7,000 to 2.89 million, the Federal Labor Agency in Nuremberg said on Tuesday. The adjusted jobless rate held at 6.8%. The current rate is still low compared with 8.2% in the US, 10.1% in France and Italy and a euro-area average of 11.1%. However it isn’t showing a turn around with German unemployment sustaining an almost uninterrupted decline for more than two and a half years. Germany’s jobless rate was 5.6% in May, according to the latest harmonized OECD figures.

To read the rest of this story, visit RT.

Protests Against Election Fraud in Mexico Become Artistic

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Politic365.com

Tania Lara
July 28, 2012

Protests Against Election Fraud in Mexico Become Artistic

A group of fashion designers, writers, and visual artists meet almost every week in Mexico City to create posters, costumes, and performances. Once they figure out a “visual concept,” their art creations walk alongside thousands of protesters against the winning presidential candidate, Enrique Peña Nieto, of the Institutional Revolutionary Party (PRI).

US 'extreme drought' zones triple in size

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GFP Note: Extreme weather events are generally seen as physical signs of Mother Earth's ascension process.

Yahoo.com

Almost two thirds of the continental US are now suffering drought conditions
A field of dead corn sits next to an ethanol plant July 25, in Palestine, Illinois. The drought in America's breadbasket is intensifying at an unprecedented rate, experts warned, driving concern food prices could soar if crops in the world's key producer are decimated. (AFP Photo/Scott Olson)

Quantitative easing crushes UK pound

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PressTV.ir

Tue Jul 31, 2012 5:3PM GMT

The British pound has slumped more than a cent against both the euro and the United States dollar after the Bank of England (BoE) decided to print more notes to counter deflation.
 
The BoE’s Monetary Policy Committee (MPC) decided to inject an extra £50bn into the British economy. However, two members of the MPC believed that the British economy needed a much bigger boost than the £50bn injection confirmed.
 

To read the rest of this story, visit PressTV.

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