Saturday, 14 February 2009 UK Taxpayers Face ANOTHER Multi - Billion Pound Banking Scam Bailout
'Taxpayers could have to spend billions bailing out the banks again after massive and unexpected losses were disclosed by Britain's new superbank. Shares in Lloyds Banking Group fell 32 per cent to 61.4p yesterday after it reported losses of 10 billion pounds in HBOS, making it worth far less than thought when it was taken over in November.
The news, a huge embarrassment for Gordon Brown, who helped to broker the deal, triggered speculation that the bank will have to come back to the Government for more capital. Alistair Darling, the Chancellor, defended his role in helping to push through the takeover, saying: "We had a matter of days and then hours to stop the entire banking system collapsing".'
Police sell 60p record checks for £70: How Chief Constables have turned ACPO into £18m 'global brand' Britain's most powerful police body is being run as a private business with an annual income of around £18million. The Association of Chief Police Officers, was last night facing demands that it be disbanded, following a Mail on Sunday investigation into its activities which include selling information from the Police National Computer for up to £70 – even though it pays just 60 pence to access those details
The “blame whites” mentality which grips the politically correct ruling elite has outdone itself in a new report which blames white police “racism” for the fact that more black and minority ethnic (BME) officers are dismissed for misconduct.
Somali radicals 'importing terror to UK' say intelligence analysts Islamic militants on the outskirts of Mogadishu. Fighting has cost 16,000 lives since 2007
Dozens of Islamic extremists have returned to Britain from terror training camps in Somalia, the British security services believe.
Intelligence analysts are worried that they may attempt to launch attacks in this country or use the kudos from having trained and fought in Somalia to try to attract new recruits. The issue was raised by Jonathan Evans, the head of MI5, in his first interview last month.
In the US, the outgoing head of the CIA, Michael Hayden, has said that Ethiopia's invasion of Somalia in late 2006 “catalysed” expatriate Somalis around the world.
An investigation for Channel 4 News, to be broadcast tonight, also reveals that a suicide bomber who grew up in Ealing is thought to have blown himself up in an attack in Somalia that killed more than 20 soldiers.
Lieutenant-General John Cooper: death of 179 troops is price worth paying for our successMichael Evans, Defence Editor, in Baghdad Britain deserves its share of the credit for what has been achieved in Iraq, and its achievements vindicate the losses suffered by its troops there, the senior British military commander in the country has told The Times.
Union leader Derek Simpson accused of breaking election rules Derek Simpson heads one half of Unite
One of the leaders of Britain’s biggest union has been accused of breaking election rules, an allegation that could have serious implications in the battle to gain control of the organisation.
Derek Simpson, a strong ally of Gordon Brown, is standing for re-election as leader of the Amicus half of Unite, with voting due to begin on Monday. The Times learnt that his main rival, Kevin Coyne, made a complaint after Mr Simpson sent a letter to a million Unite members this week saying that it was “vital that I, together with senior colleagues, am able to provide the continuity so necessary in these difficult times”.
Under Amicus rules, candidates cannot use union resources in their campaigns.
Mr Coyne said that the letter, which outlines Unite’s efforts to help its members during the recession, would have cost the union more than £250,000 in postage alone.
Strikes end after Brown concession on rights Ministers go to Europe to head off strikes Strife at union erupts into all-out war The union said that an independent commissioner had seen a draft of the letter before it was sent and rejected Mr Coyne’s complaint. It added that it was not appropriate to comment on the commissioner’s decision. Mr Coyne is now taking his complaint to the Certification Officer, the unions’ watchdog.
Electoral Reform Services, which runs union elections, says that the election will cost Unite about £500,000.
The election process is checked by a returning officer and a scrutineer chosen by the union, but all union elections are ultimately governed by the Certification Officer, who has the power to order a fresh election if any rules have been broken.
Mr Simpson, who is standing for only a year’s term, triggered the election after a legal challenge was made to his attempt to stay beyond his retirement age.
The controversy comes amid fears that the union, which negotiated a £6 million overdraft last year, is running out of money. A senior Labour figure familiar with the union was worried that it may be in difficulty. Unite said that it had not used any of the overdraft.
Unite has given £13.4 million to Labour since Mr Brown became Prime Minister, and was instrumental in saving the party from bankruptcy last year.
It has given guarantees that it will continue to fund the party but ministers fear that it will run out of cash, partly as a result of a bitter fight between its joint general secretaries, Tony Woodley and Mr Simpson.
Ian Gibson, Labour MP for Norwich North, said: “There needs to be a breath of fresh air. Someone needs to take a hold and provide inspiration to members, many of whom are going to suffer more and more in coming months.”
Coincidentally, Mr Simpson recently met union activists in a tour of the country. The union offered to reimburse travel expenses for those attending. A union spokesman said that the tour had been arranged before the ballot was called and was not intended to further Mr Simpson’s election campaign. A complaint was made but dismissed by the independent commissioner.
G7 sets sights on new world economic order AFP – US Treasury Secretary Timothy Geithner takes place for a working session of a meeting of G7 Finance Ministers …
ROME (AFP) – The world's richest nations called Saturday for urgent reform of global finance to save the world from the economic devastation that is dragging more and more countries into recession.
Italy's Finance Minister called for a "new world economic order" as he wrapped up the crisis meeting of finance leaders from the Group of Seven leading economies over which he presided here.
In a joint declaration, the G7 called for "urgent reforms" of the international financial system.
Tremonti said a so-called set of "legal standards" discussed in Rome would be presented at a meeting of 20 key advanced and emerging economies (G20) in London in April and a summit of the Group of Eight (G8) world powers in July.
"A new world economic order might seem rhetorical," he told reporters. "But it is a true goal we should be aiming towards... today right here in Rome we've embarked on a very significant journey, both technical and ethical."
The G7 delegates in a joint statement vowed to avoid protectionism as they seek to stabilise the tottering world economy and financial markets and said stabilisation of the world economy was their "highest priority."
The global crisis "has highlighted fundamental weaknesses in the international financial system and that urgent reforms are needed," the statement said.
US Treasury Secretary Timothy Geithner vowed that his country, the biggest economy in the world and the source of much of the financial drama in recent months, would work with other nations for a consensus on reforms.
"We need to begin the process of comprehensive reform of our financial system and the international financial system, so the world never again faces a crisis this severe," Geithner said after the talks.
Dominique Strauss-Kahn, head of the International Monetary Fund (IMF) -- the body coming to the rescue of some crisis-hit countries -- said restructuring banks damaged by the credit crunch was the main problem facing governments.
The Italian G7 presidency also said before the talks that it favoured measures that would target hedge funds and tax havens which have come under criticism in the crisis.
The G7 reiterated the view of several top delegates that protectionism -- when countries take measures that favour their own economies at the expense of others -- was a threat to stability.
"The G7 remains committed to avoiding protectionist measures, which would only exacerbate the downturn, to refraining from raising new barriers" to business across borders, the joint statement said.
The document hailed stimulus actions taken by other countries, singling out China which it also praised for its "continued commitment to move to a more flexible exchange rate."
The financial leaders met amid mounting warnings of the talks' grave economic stakes. Strauss-Kahn said advanced economies were in a "deep recession" ahead of the crisis talks.
Delegates came from the G7 grouping of Britain, Canada, France, Germany, Italy, Japan and the United States plus Russia.
The G20 was due to meet in April to discuss financial reform -- an indication of the growing clout of rising economic powers such as China.
"We will work closely with our colleagues in the G7 and the G20 to build consensus on reforms that match the scope of the problems revealed by this crisis," Geithner said.
More grim data emerged on Friday showing that the eurozone economy slumped by 1.5 percent in the fourth quarter of 2008. The European Union overall and several individual EU countries -- including G7 host Italy -- are also in recession.
We risk a police state, says former MI5 chief Dame Stella Rimington, the former head of MI5, has warned that the fear of terrorism is being exploited by the Government to erode civil liberties and risks creating a police
Saturday, 14 February 2009
ReplyDeleteUK Taxpayers Face ANOTHER Multi - Billion Pound Banking Scam Bailout
'Taxpayers could have to spend billions bailing out the banks again after massive and unexpected losses were disclosed by Britain's new superbank. Shares in Lloyds Banking Group fell 32 per cent to 61.4p yesterday after it reported losses of 10 billion pounds in HBOS, making it worth far less than thought when it was taken over in November.
The news, a huge embarrassment for Gordon Brown, who helped to broker the deal, triggered speculation that the bank will have to come back to the Government for more capital. Alistair Darling, the Chancellor, defended his role in helping to push through the takeover, saying: "We had a matter of days and then hours to stop the entire banking system collapsing".'
WHAT A BLOODY SHOWER!!
ReplyDeletePolice sell 60p record checks for £70: How Chief Constables have turned ACPO into £18m 'global brand'
Britain's most powerful police body is being run as a private business with an annual income of around £18million. The Association of Chief Police Officers, was last night facing demands that it be disbanded, following a Mail on Sunday investigation into its activities which include selling information from the Police National Computer for up to £70 – even though it pays just 60 pence to access those details
The “blame whites” mentality which grips the politically correct ruling elite has outdone itself in a new report which blames white police “racism” for the fact that more black and minority ethnic (BME) officers are dismissed for misconduct.
ReplyDeletehttp://www.no2id.net/
ReplyDeletehttp://www.youtube.com/watch?v=zDHJ4ztnldQ&eurl=http://lancaster-bnp-freespeech.blogspot.com/
ReplyDeletehttp://www.brasschecktv.com/page/559.html
ReplyDeleteSomali radicals 'importing terror to UK' say intelligence analysts
ReplyDeleteIslamic militants on the outskirts of Mogadishu. Fighting has cost 16,000 lives since 2007
Dozens of Islamic extremists have returned to Britain from terror training camps in Somalia, the British security services believe.
Intelligence analysts are worried that they may attempt to launch attacks in this country or use the kudos from having trained and fought in Somalia to try to attract new recruits. The issue was raised by Jonathan Evans, the head of MI5, in his first interview last month.
In the US, the outgoing head of the CIA, Michael Hayden, has said that Ethiopia's invasion of Somalia in late 2006 “catalysed” expatriate Somalis around the world.
An investigation for Channel 4 News, to be broadcast tonight, also reveals that a suicide bomber who grew up in Ealing is thought to have blown himself up in an attack in Somalia that killed more than 20 soldiers.
WHAT A KNOBBHEAD!!!
ReplyDeleteLieutenant-General John Cooper: death of 179 troops is price worth paying for our successMichael Evans, Defence Editor, in Baghdad
Britain deserves its share of the credit for what has been achieved in Iraq, and its achievements vindicate the losses suffered by its troops there, the senior British military commander in the country has told The Times.
WHAT A BLOODY SHOWER!!
ReplyDeleteUnion leader Derek Simpson accused of breaking election rules
Derek Simpson heads one half of Unite
One of the leaders of Britain’s biggest union has been accused of breaking election rules, an allegation that could have serious implications in the battle to gain control of the organisation.
Derek Simpson, a strong ally of Gordon Brown, is standing for re-election as leader of the Amicus half of Unite, with voting due to begin on Monday. The Times learnt that his main rival, Kevin Coyne, made a complaint after Mr Simpson sent a letter to a million Unite members this week saying that it was “vital that I, together with senior colleagues, am able to provide the continuity so necessary in these difficult times”.
Under Amicus rules, candidates cannot use union resources in their campaigns.
Mr Coyne said that the letter, which outlines Unite’s efforts to help its members during the recession, would have cost the union more than £250,000 in postage alone.
Strikes end after Brown concession on rights
Ministers go to Europe to head off strikes
Strife at union erupts into all-out war
The union said that an independent commissioner had seen a draft of the letter before it was sent and rejected Mr Coyne’s complaint. It added that it was not appropriate to comment on the commissioner’s decision. Mr Coyne is now taking his complaint to the Certification Officer, the unions’ watchdog.
Electoral Reform Services, which runs union elections, says that the election will cost Unite about £500,000.
The election process is checked by a returning officer and a scrutineer chosen by the union, but all union elections are ultimately governed by the Certification Officer, who has the power to order a fresh election if any rules have been broken.
Mr Simpson, who is standing for only a year’s term, triggered the election after a legal challenge was made to his attempt to stay beyond his retirement age.
The controversy comes amid fears that the union, which negotiated a £6 million overdraft last year, is running out of money. A senior Labour figure familiar with the union was worried that it may be in difficulty. Unite said that it had not used any of the overdraft.
Unite has given £13.4 million to Labour since Mr Brown became Prime Minister, and was instrumental in saving the party from bankruptcy last year.
It has given guarantees that it will continue to fund the party but ministers fear that it will run out of cash, partly as a result of a bitter fight between its joint general secretaries, Tony Woodley and Mr Simpson.
Ian Gibson, Labour MP for Norwich North, said: “There needs to be a breath of fresh air. Someone needs to take a hold and provide inspiration to members, many of whom are going to suffer more and more in coming months.”
Coincidentally, Mr Simpson recently met union activists in a tour of the country. The union offered to reimburse travel expenses for those attending. A union spokesman said that the tour had been arranged before the ballot was called and was not intended to further Mr Simpson’s election campaign. A complaint was made but dismissed by the independent commissioner.
THE CON GOES ON!!!
ReplyDeleteG7 sets sights on New World economic Order
G7 sets sights on new world economic order AFP – US Treasury Secretary Timothy Geithner takes place for a working session of a meeting of G7 Finance Ministers …
ROME (AFP) – The world's richest nations called Saturday for urgent reform of global finance to save the world from the economic devastation that is dragging more and more countries into recession.
Italy's Finance Minister called for a "new world economic order" as he wrapped up the crisis meeting of finance leaders from the Group of Seven leading economies over which he presided here.
In a joint declaration, the G7 called for "urgent reforms" of the international financial system.
Tremonti said a so-called set of "legal standards" discussed in Rome would be presented at a meeting of 20 key advanced and emerging economies (G20) in London in April and a summit of the Group of Eight (G8) world powers in July.
"A new world economic order might seem rhetorical," he told reporters. "But it is a true goal we should be aiming towards... today right here in Rome we've embarked on a very significant journey, both technical and ethical."
The G7 delegates in a joint statement vowed to avoid protectionism as they seek to stabilise the tottering world economy and financial markets and said stabilisation of the world economy was their "highest priority."
The global crisis "has highlighted fundamental weaknesses in the international financial system and that urgent reforms are needed," the statement said.
US Treasury Secretary Timothy Geithner vowed that his country, the biggest economy in the world and the source of much of the financial drama in recent months, would work with other nations for a consensus on reforms.
"We need to begin the process of comprehensive reform of our financial system and the international financial system, so the world never again faces a crisis this severe," Geithner said after the talks.
Dominique Strauss-Kahn, head of the International Monetary Fund (IMF) -- the body coming to the rescue of some crisis-hit countries -- said restructuring banks damaged by the credit crunch was the main problem facing governments.
The Italian G7 presidency also said before the talks that it favoured measures that would target hedge funds and tax havens which have come under criticism in the crisis.
The G7 reiterated the view of several top delegates that protectionism -- when countries take measures that favour their own economies at the expense of others -- was a threat to stability.
"The G7 remains committed to avoiding protectionist measures, which would only exacerbate the downturn, to refraining from raising new barriers" to business across borders, the joint statement said.
The document hailed stimulus actions taken by other countries, singling out China which it also praised for its "continued commitment to move to a more flexible exchange rate."
The financial leaders met amid mounting warnings of the talks' grave economic stakes. Strauss-Kahn said advanced economies were in a "deep recession" ahead of the crisis talks.
Delegates came from the G7 grouping of Britain, Canada, France, Germany, Italy, Japan and the United States plus Russia.
The G20 was due to meet in April to discuss financial reform -- an indication of the growing clout of rising economic powers such as China.
"We will work closely with our colleagues in the G7 and the G20 to build consensus on reforms that match the scope of the problems revealed by this crisis," Geithner said.
More grim data emerged on Friday showing that the eurozone economy slumped by 1.5 percent in the fourth quarter of 2008. The European Union overall and several individual EU countries -- including G7 host Italy -- are also in recession.
We risk a police state, says former MI5 chief
ReplyDeleteDame Stella Rimington, the former head of MI5, has warned that the fear of terrorism is being exploited by the Government to erode civil liberties and risks creating a police