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There’s Something Rotten in Banking | Bloomberg Editors
llustration by Bloomberg View Jul. 2, 2012 (Bloomberg) -- You might have missed the latest bank scandal, the one involving Barclays Plc (BARC), in the hubbub of last week’s U.S. health-care ruling ...
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Diversity of Tactics... and Perspectives | Mickey Z.
Photo credit: Mickey Z. Mickey Z. -- World News Trust July 3, 22012 “Extreme violence has a way of preventing us from seeing the interests it serves.” --Naomi Klein The Occupy movement is less than ...
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Hostage Racket | James Howard Kunstler
James Howard Kunstler -- World News Trust July 2, 2012 -- Not to put too fine a point on it, but didn't that cunning rogue Chief Justice John Roberts pour a jug of Karo syrup into the gas tank of ...
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The Euro is a Big Success - No Kidding | Greg Palast
June 27, 2012 (Nation of Change) -- The idea that the euro has "failed" is dangerously naive. The euro is doing exactly what its progenitor -- and the wealthy 1%-ers who adopted it -- predicted and ...
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A Huge Break in the LIBOR Banking Investigation | Matt Taibbi
Oli Scarff/Getty Images June 28, 2012 (Rolling Stone) -- This is a huge story: On Wednesday, Barclays won the race to reach a deal with U.S. and British regulators, beating UBS, which was reportedly ...
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Is Your Mortgage Payment Based on Lies? | Mark Whitehouse
Jun. 27, 2012 (Bloomberg) -- Anyone who thinks it's a good idea to trust a group of banks in London to set a benchmark borrowing rate that affects the value of some $360 trillion in mortgage loans, ...
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Barclays Reduced Libor After October 2008 Bank of England Call | Joshua Gallu
Jun. 27, 2012 (Bloomberg) -- Barclays Plc (BARC) deliberately reported artificially low borrowing costs at the height of the 2008 financial market turmoil after a senior manager discussed external ...
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Barclays Fined by U.K., U.S. for Falsifying Libor Rates | Lindsay Fortado and Silla Brush
Jun. 27, 2012 (Bloomberg) -- Barclays Plc (BARC) was fined 290 million pounds ($451.4 million), the largest penalties ever imposed by regulators in the U.S. and U.K., after admitting it submitted ...
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Banker to the Bankers Knows the Numbers Are Lying | Jonathan Weil
June 28, 2012 (Bloomberg) -- The Bank for International Settlements, which acts as a bank for the world’s central banks, should know fudged numbers when it sees them. What may come as a surprise is ...
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Sea Levels Rising Fast on U.S. East Coast | Charles Q. Choi
Not clear whether human-caused global warming is to blame, experts say. The last house on Holland Island, Maryland, where 360 people lived before tides took over (file picture). Photograph by Astrid ...
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Life After Debt: We Don't Need Your Education | Mickey Z.
Photo credit: Mickey Z. Mickey Z. -- World News Trust June 30, 2012 “Usually when you ask somebody in college why they are there, they'll tell you it's to get an education. The truth of it is, they ...
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