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Bristol-Myers Insider Arrest Followed Probe of Deal

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Bloomberg Business Week
By David Voreacos and Drew Armstrong on August 03, 2012

U.S. regulators were so suspicious of the circumstances surrounding Gilead Sciences Inc. (GILD)’s Nov. 21 announcement it was buying Pharmasset Inc. for $11 billion that they opened an insider-trading investigation that day.

“The volume was huge and the deal premium was huge, so we looked at the underlying trading,” U.S. Securities and Exchange Commission attorney Mary P. Hansen said in a phone interview.“We were looking at anyone who bought shares.”

To read the rest of this story, visit BusinessWeek.com.

US may target Swiss bankers travelling in Europe

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swissinfo.ch
August 7, 2012

 Swiss bankers travelling to European countries could risk arrest (Keystone)


Swiss bankers whose names were delivered to the United States in April as part of the crackdown on US tax evaders face the risk of arrest while travelling in some European countries, not just on US soil.

Extradition treaties between the US and countries including France, Germany, Italy, Austria and Britain make it possible for the US to take legal steps via Interpol against bankers suspected of helping US citizens evade taxes, Denise Chervet, central secretary of the Swiss Bank Employees Association told the Swiss News Agency.

To read the rest of this story, visit swissinfo.ch

Violence Spikes in Darfur Amid Nationwide Protests

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AL MONITOR
By Al Nour Ahmad al Nour

August 7, 2012

 

The security situation has deteriorated in many areas of the Darfur province, while the pace of killings and reprisals is threatening to spiral out of control. A UN official told Al-Hayat yesterday [August 6] that Khartoum has witnessed extensive violence over the past few weeks, resulting in dozens of civilian deaths. He added that “the increasing rate of violence is a growing concern,” given that 20 civilians are killed every day in various parts of Darfur. This is the same rate that was witnessed at the height of confrontations between government troops and rebels in Darfur in 2004.

Inflammation is the cause of nearly all disease - Here's how to prevent it

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Natural News
Tuesday, August 07, 2012
by: Jonathan Benson, staff writer
inflammation
(NaturalNews) Persistent, systemic inflammation is at the root of practically all known chronic health conditions, including everything from rheumatoid arthritis and high cholesterol to dementia and cancer. These conditions are not necessarily inevitable, and neither is chronic inflammation, but you have to know what lifestyle and dietary steps to take in order to avoid them, many of which are fairly simple and straightforward.


There are literally hundreds of illnesses caused by chronic inflammation that modern medicine has classified as unique and unrelated, when in fact they are all products of the same underlying imbalances inside the body. When the root causes of these imbalances are properly addressed, in other words, chronic illness in general stands a far less chance of taking hold than if left to run its natural course.

To read the rest of this story, visit NaturalNews.com.

Police disperse Occupy Frankfurt camp (PHOTOS)

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RT.com

August 6, 2012

Police officers remove a protester of the "Occupy Frankfurt" camp near the Euro currency sign sculpture in front of the European Central Bank (ECB) headquarters in Frankfurt August 6, 2012 (Reuters / Alex Domanski)
 

Police have cleared an Occupy Frankfurt camp after ten months of demos outside the European Central Bank headquarters.

­Barricades were set up around the camp as police asked people to leave voluntarily, forcibly removing those who sat down instead.

To read the rest of this story, visit RT.com.

Canada native leaders warn of unrest over Enbridge oil pipeline

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PressTV

Mon Aug 6, 2012 6:20PM GMT

A group of native chiefs in Canada's British Columbia have threatened to trigger enduring political and social unrest and riots across large swaths of Canada should the proposed Enbridge oil pipeline is approved.
 

At least three groups of Canada’s aboriginal community have seriously opposed the pipeline project which they consider to be impinging upon their health, security and environment.

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

British bank chief admits to £2.4m fraud

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PressTV.ir
Tue Aug 7, 2012 4:21PM GMT

Jessica Harper, a former boss for UK bank Lloyds TSB, has admitted a £2.4million fraud over a four year period, while being in charge of fraud and security for digital banking.
 
Harper’s job was to prevent fraud at Lloyds Banking Group. But she has now attended Southwark crown court, in London and admitted to fraud after being charged. She had been abusing her position by submitting false invoices to claim payments that totaled £2,463,750.
 

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

Underwater Volcano Found off West Iceland?

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Iceland Review Online

August 5, 2012

A mountain which the Icelandic Marine Research Institute (Hafró) discovered on the ocean floor west off the Snæfellsnes peninsula in West Iceland during an expedition earlier this summer may turn out to be a previously unknown volcano.

A fishing ship with Snæfellsjökull, the glacier-covered volcano on the tip of Snæfellsnes in the background. Copyright: Icelandic Photo Agency.

“Multi-laser measurements […] revealed a large underwater mountain deep off the foot of the continental shelf approximately 120 nautical miles west of Snæfellsnes,” a statement from Hafró reads, according to Fréttablaðið.

To read the rest of this story, visit IcelandReview.com

Why is Scientology Tax-Exempt?

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The Daily Beast
David Frum

July 24, 2012

Getty Images

Jamie Kirchick offers a vigorous defense of Germany's hard-line against Scientology. Along the way, Kirchick reminds us how wacky it was of the IRS to reverse years of precedent and grant Scientology recognition as a church. Whatever else it is, Scientology is a profit-seeking enterprise, a fact not altered because its profits derive from telling fabulous fictions.

Greek orthodox head defends Church over tax scandals

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euobserver.com
July 13, 2012

Mount Athos in Greece is off limits to women and is exempt from paying VAT (Photo: Konstantinos Kazantzoglou)

BRUSSELS - Taxes in Greece continue to slip through state scrutiny as some corporations, wealthy Greek-ship owning families, and the Greek Orthodox Church are either exempt or use loopholes to hide millions of euros.

In the first five months of 2012, the Greek ministry of finance registered a €300 million shortfall in collected taxes. The shortfall, notes the ministry, is primarily due to corporations having not submitted their taxes on time.

To read the rest of this story, visit euobserver.com.

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