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Changing the old system.

Casino's Rigged. Don't Forget Because They Say It Ain't.

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Esquire.com
By Charles P. Pierce

July 18, 2012

at 1:22PM

Let us, for the moment, accept as something at least semi-gospelish the notion that the problem with the current system of international finance, the eight-gozillion-horsepower engine that is pulling the caboose of political democracy toward the cliff at 200 miles an hour, is not that there is corruption in the system. It is that the corruption is the system. The system cannot function without systemic corruption. This puts everyone in a bind. Millions of homeowners find themselves without homes, and millions of free-market conservatives find themselves standing helplessly out in the rain, their ideological umbrellas in tatters. And it leaves the rest of us wondering if we just ought to bury a bunch of gold coins out in the yard and learn to skin squirrels for dinner.

Israeli in new self-immolation protest

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BC.co.uk
22 July 2012 Last updated at 11:32 ET

 

An Israeli activist holds placard during a rally in memory of Moshe Silman in Tel Aviv on 21 July
Hundreds gathered in rallies in memory of Moshe Silman, who died on Friday
 

A disabled Israeli war veteran is said to be in a serious condition after setting himself on fire at a bus stop near Tel Aviv.

The man was in dispute with officials in charge of rehabilitating veterans, according to a veterans' group.

Sunday's case came hours before the funeral of Moshe Silman, who died a week after setting himself on a fire at a protest against inequality.

To read the rest of this story, visit BBC.

Ethiopia: Protests in Addis Ababa Continue

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AllAfrica.com
22 July 2012

Addis Ababa — Ethiopian police clashed with Muslim protesters on Saturday in Addis Ababa's west side after days of massive protest in the country's capital, Garowe Online reports.

Clashes between protesters and riot police erupted on Saturday after police try to disperse the protesters who have been staging sit-ins and protests over the past week in Addis Ababa.

To read the rest of this story, visit All Africa.

Student protests look to possible Quebec election

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CBC News
Posted: Jul 22, 2012 2:12 PM ET
Last Updated: Jul 23, 2012 8:14 AM ET

Thousands of student protesters march through downtown Montreal on July 22, 2012 in a demonstration against tuition fee hikes in the eastern French-speaking Canadian province.

Thousands of student protesters march through downtown Montreal on July 22, 2012 in a demonstration against tuition fee hikes in the eastern French-speaking Canadian province. (PressTV)
 

Thousands of Quebec students and their supporters marched through the streets of Montreal on Sunday — with talk of a possible provincial election in the air.


Student leaders called for pan-provincial protests to mark the monthly anniversary of the anti-tuition hike movement.

 

Protests erupt in Vietnam as S.China Sea spat continues

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Global Times |
2012-7-23 2:10:03
By Xuyang Jingjing

Fishing boats lie at anchor in the waters at Meiji Reef of South China Sea on July 22, 2012. There are nearly a score of fishermen working regularly at a fish farm at Meiji Reef, where high-value fishes are fed for years. Photo: Xinhua

Fishing boats lie at anchor in the waters at Meiji Reef of South China Sea on July 22, 2012. There are nearly a score of fishermen working regularly at a fish farm at Meiji Reef, where high-value fishes are fed for years. Photo: Xinhua
 

About 200 people staged on Sunday a protest in Hanoi, Vietnam against China - the third this month - over its territorial claims in the South China Sea, amid rising tensions.

Demonstrators shouted "down with China's aggression!" and traffic around Hoan Kiem Lake in the city center was brought to a standstill.

They were prevented from getting close to the Chinese embassy in Hanoi by security forces and no arrests were made, the AP reported.
 

The LIBOR Scandal for Dummies

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MoneyTalksNews.com
By
| about 8 hours ago
July 23, 2012

The unfolding LIBOR scandal may make Bernie Madoff look like a Girl Scout. If you haven't taken the time to understand it, you should. Madoff catered to a handful of wealthy investors, but this outrage may have affected millions worldwide – including you.


When you see criminals like Bernie Madoff doing a televised perp-walk, two thoughts probably come to mind. The first is “What was he thinking?” The next, “I’m sure glad that didn’t happen to me.”

Philippine president won't back down from territorial dispute with China, to bolster military

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Times Colonist
By Jim Gomez, The Associated Press
July 23, 2012 5:50 AM

Hundreds of protesters march towards the Philippine Congress to coincide with the third State of the Nation address of Philippine President Benigno Aquino III Monday, July 23, 2012 at suburban Quezon city, northeast of Manila, Philippines.


MANILA, Philippines - President Benigno Aquino III said Monday that the Philippines won't back down from a South China Sea dispute with China and that his country's military would soon get dozens of new aircraft and ships for maritime defence.

Aquino announced during his annual state of the nation address that more than 40 military aircraft — from two newly refurbished C-130 cargo planes to attack helicopters — along with other weapons would be delivered in the next two years to bolster Philippine military muscle amid renewed territorial conflicts in the South China Sea.

Report: LIBOR Arrests on the Horizon

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FoxBusiness.com
Published July 23, 2012
Reuters

 

U.S. prosecutors and European regulators are close to arresting individual traders and charging them with colluding to manipulate global benchmark interest rates, according to people familiar with a sweeping investigation into the rigging scandal.

Federal prosecutors in Washington, D.C., have recently contacted lawyers representing some of the suspects to notify them that criminal charges and arrests could be imminent, said two of those sources, who asked not to be identified because the investigation is ongoing.

Read more: http://www.foxbusiness.com/industries/2012/07/23/report-libor-arrests-on-horizon/#ixzz21S6WU1na

Olympic torch relay hit by flash protests

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FIRSTPOST.com
by F Wire Jul 22, 2012

London, July 22 (IANS) The Olympic torch relay, currently travelling through the British capital after it arrived from Olympia’s Temple of Hera in Greece, has had to face flash protests on the streets.

The protestors are demanding the restoration of cuts in the National Health Services (NHS) that is reeling under massive funding cuts.

To read the rest of this story, visit FIRSTPOST

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