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Changing the old system.

European social explosion looms, European Parliament president says

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PressTV.ir
Sat Jul 21, 2012 9:51PM
Public sector employees hold a demonstration to protest against the Spanish government

Public sector employees hold a demonstration to protest against the Spanish government's austerity measures in Madrid on July 17, 2012.
 

The European Parliament has warned that the economic crisis in Spain could lead to a “social explosion” in Europe as the wave of anti-austerity demonstrations sweeping across the continent shows no sign of subsiding.


“The demonstrations in Spain show that a social explosion is looming because of the high unemployment rate among young people in Europe,” European Parliament President Martin Schulz told the German daily Bild in an interview published on Saturday, AFP reported.

Schulz called for rapid implementation of “new European programs to finally create more jobs for this generation.”

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

Mexico Election Result Protests: Thousands March In Mexico City

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HuffingtonPost.com
07/22/12 06:23 PM ET AP
Mexico Election Results Protests

Winning candidate of Mexico’s presidential election, Enrique Pena Nieto speaks during a press conference in Mexico City, Wednesday, July 18, 2012. (AP Photo/Alexandre Meneghini)
 

MEXICO CITY — Thousands marched through Mexico City's center on Sunday to protest what they called the "imposition" of the candidate of the old ruling party as the country's new president.

Protesters carried signs accusing presumed President-elect Enrique Pena Nieto of electoral fraud and Mexico television giant Televisa of being a "factory of lies." Opponents say Pena Nieto's party, the Institutional Revolutionary Party, won the July 1 election through vote-buying and overspending, including paying major media outlets such as Televisa for favorable coverage.

Massive border strike worries UK officials

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PressTV.ir
Sun Jul 22, 2012 6:36PM GMT
British border guards are to strike on July 26, the day before the start of the 2012 London Olympic Games.

British border guards are to strike on July 26, the day before the start of the 2012 London Olympic Games.

British Culture Secretary Jeremy Hunt and London's mayor Boris Johnson have hit out at border guards planning to strike during the 2012 London Olympic Games.


After members of the Public and Commercial Services Union (PCS), which is the fifth largest trade union in the UK, voted in favor of a 24-hour strike in a dispute over pay and job losses on the eve of the London Olympics, Hunt claimed, “It’s only a minority who really want to do this and I would just ask them to think again."

Moreover, speaking on the Andrew Marr Show, Johnson tried to downplay the impact on a potential strike, including the staff of the UK Border Agency (UKBA), the Identity and Passport Service and Criminal Records Bureau, and condemned the action as being “very badly-supported” and "frustrating".

HSBC exec resigns as senators hammer money-laundering lapses

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SBC-COMPLIANCE-SENATE: HSBC exec resigns as senators hammer money-laundering lapses
Reuters / By Carrick Mollenkamp
WASHINGTON Jul 17, 2012, 21:17 IST

HSBC Holdings Plc put itself at the mercy of the U.S. Senate on Tuesday, acknowledging shortcomings in its anti-money laundering operations and revealing the resignation of a global executive.

David Bagley, a top compliance executive at HSBC since 2002, told a Senate investigative panel that he would step down, after the panel released a scathing report calling out a "pervasively polluted" culture at the bank.

To read the rest of this story, visit Business Standard

A Scathing Indictment of Queen Elizabeth

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On June 5, the last day of Queen Elizabeth's Diamond Jubilee celebration, PressTV published a video with only one sentence of text:

The Windsors PR machine has tried almost 60 years to indoctrinate the people with the cliché “The Queen has never put a foot wrong,” which its accuracy has never been verified by either the British people or any other official institution.

In other words, the video is a scathing indictment of the Queen's reign released with no fanfare or elaboration on its contents. This is odd yet intriguing.

Here is the video from YouTube:
 

 

And here is a transcript. Please share.
 

Organizers getting fatigued from growing anti-nuke protests

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THE ASAHI SHIMBUN

This article was written by Hideshi Nishimoto and Akiko Tada
July 23, 2012

A volunteer with a flag instructs protesters on what route to take as they gather for an anti-nuclear protest near the Prime Minister's Official Residence on July 20. (Sayaka Yamaguchi)

A volunteer with a flag instructs protesters on what route to take as they gather for an anti-nuclear protest near the Prime Minister's Official Residence on July 20. (Sayaka Yamaguchi)

As crowds of anti-nuclear protesters near the Prime Minister's Official Residence reach as many as 90,000, the networks of small groups that have organized the Friday night demonstrations are becoming victims of their own success.

FORGET LIBOR-GATE: Oil Market Manipulation Is Far Worse

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BusinessInsider.com

Jul. 20, 2012, 6:03 AM

Since the Global Community all the sudden seems to be preoccupied with Market manipulation even though the authorities knew it was a problem for over 5 years with Libor Rate Fixing. It is high time authorities look at the Crude Oil market which has been manipulated for the last decade and all the sophisticated participants know it is rigged or artificially higher than the fundamentals of the economy dictate. Consumers are paying an easy $35 dollars per barrel over what they would otherwise doll out for a barrel of oil if fund managers didn`t use the benchmark futures contracts as their own personal ATMs.

Super-Rich Hold Up To $32 Trillion In Offshore Havens: Report

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HuffingtonPost.com

Reuters | Posted: 07/22/2012 5:00 am
Updated: 07/22/2012 2:00 pm


Super Rich Offshore Havens

GEORGE TOWN, CAYMAN ISLANDS - Seven Mile Beach on 24 April, 2008 in Grand Cayman, Cayman Islands.

LONDON, July 22 (Reuters) - Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.

The study estimating the extent of global private financial wealth held in offshore accounts - excluding non-financial assets such as real estate, gold, yachts and racehorses - puts the sum at between $21 and $32 trillion.

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