Labour's reforms will ensure new banks flourish

… to challenge big five: Ed Miliband to pledge creation of at least two new banks with minimum 12% market share in bid to fix broken system – Published on The Guardian, by Patrick Wintour, Jan 16, 2014.

Labour will set in train « a reckoning with Britain’s broken banking system » to ensure at least two new banks can flourish in Britain with a minimum 12% market share by the end of the next parliament, Ed Miliband will say on Friday.

In a major speech designed to show how a break-up of the domination of the ‘big five’ banks will help Britain pay its way in the world, Miliband will argue that change is needed  » not for retribution, but for reform ».  Continuer la lecture de « Labour's reforms will ensure new banks flourish »

Obama's Executive Order problem

Published on Metro weekly, by Justin Snow, Jan 17, 2014.

… With a portrait of George Washington looking down at him, Obama told reporters gathered in the Cabinet Room of the White House Tuesday that while Congress is busy with a number of bills at the start of 2014, « We are not just going to be waiting for a legislation in order to make sure that we’re providing Americans the kind of help that they need. »  Continuer la lecture de « Obama's Executive Order problem »

Russian Officials visit Gitmo

And … Egypte: un déluge de OUI au référendum sur la nouvelle Constitution, dans rfi, le 17 janvier 2014: En Egypte, les résultats officieux du référendum sur la nouvelle Constitution donnent le « oui » victorieux frisant les 98%. Un résultat qui ouvre la porte à de nombreuses critiques, tant en Egypte qu’à l’étranger. Pour plusieurs analystes, les premiers responsables de ce vote massif pour le « oui » sont les Frères musulmans eux-mêmes qui ont fait campagne pour le boycott du scrutin …;

    Offshore Banking, Fraud, and the Crisis

    Published on Triple Crisis, by Sara Hsu, January 16, 2014.

    The global financial crisis that began in 2008 in the United States had roots in offshore banking, some of which have been revealed: the Bear Stearns’ 2007 Cayman Island hedge fund bankruptcy, in which the company attempted to file offshore to protect U.S. assets, Goldman Sachs’ off balance sheet Cayman deals in shaky asset-backed securities (ABSs), and Citigroup’s creation of structured investment vehicles in London to hide the sales of ABSs.   Continuer la lecture de « Offshore Banking, Fraud, and the Crisis »