Monthly Archives: March 2013

Cypriot depositors to lose 60-75%

Savers at the Bank of Cyprus may be forced to accept losses on their deposits that exceed 60 percent in order to keep the stricken bank afloat. http://www.nytimes.com/2013/03/30/business/global/some-savers-in-cyprus-may-lose-60-percent.html?hp The more sizable haircut, coming soon after the imposition of tough capital controls, is the latest and perhaps most profound reminder of the financial punishment being visited […]

Banksters get off the hook for Libor scandal

The world’s biggest banks won a major victory on Friday when a judge dismissed a “substantial portion” of the claims in private lawsuits accusing them of rigging global benchmark interest rates. http://www.nytimes.com/2013/03/30/business/global/judge-rejects-much-of-libor-lawsuit-against-banks.html?hp The banks had been accused of conspiring to manipulate Libor, a benchmark at the heart of more than $550 trillion in financial products. […]

US soldier fights with Al Qaeda

A former American soldier who served in the United States Army from 2000 to 2003, entered Syria in January and participated in attacks on Assad forces led by the Al Nusra Front, which officials say is part of Al Qaeda in Iraq, a designated terrorist group. http://www.nytimes.com/2013/03/29/world/middleeast/american-ex-soldier-charged-with-aiding-terror-group.html?ref=world The soldier was charged in Alexandria, Va., with […]

Honey bee collapse attributed to pesticides

Scientists have found that two types of pesticides called neonicotinoids and coumaphos are interfering with the honey bee brain’s ability to learn and remember. Experiments revealed that exposure was also lowering brain activity, especially when the two pesticides were used in combination. http://www.bbc.co.uk/news/science-environment-21958547 We found neonicotinoids cause an immediate hyper-activation – so an epileptic type […]

CIA promotes duplicity and torture

A C.I.A. officer directly involved in the 2005 decision to destroy interrogation videotapes and who once ran one of the agency’s secret prisons has ascended to the top position within the C.I.A.’s clandestine service. http://www.nytimes.com/2013/03/28/us/officer-tied-to-tapes-destruction-moves-up-in-cia.html?ref=world  The officer, who spent years working inside the agency’s Counterterrorist Center and once was in charge of a so-called black […]

Vouchers to eviscerate public schools

Instead of simply financing a traditional system of neighborhood schools, legislators and some governors are headed toward funneling public money directly to families, who would be free to choose the kind of schooling they believe is best for their children. http://www.nytimes.com/2013/03/28/education/states-shifting-aid-for-schools-to-the-families.html? hp&_r=0 By drawing money away from public schools, such programs weaken a system left […]

UK and big business share cyber intelligence

The Cyber Security Information Sharing Partnership (CISP) – has emerged out of a 2012 pilot scheme known as Project Auburn. Eighty companies from five sectors of the economy – finance, defense, energy, telecommunications and pharmaceuticals – were encouraged to share information with the UK government. http://www.bbc.co.uk/news/uk-21945702 At a new London base, large screens will monitor […]