Jul 09 2012
LIBOR Scandal Has Repercussions Far and Wide
German financial giant, Deutsche Bank is the latest target of investigation by regulators trying to determine the extent of the growing banking scandal that has revealed rampant manipulation of the all-important London Interbank Offered Rate or LIBOR. The scandal erupted last month after London based Barclay’s PLC reached an agreement with U.S. and British regulators that exposed collusion between its …
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An industry group that advocates on behalf of drone manufacturers, representing over 7,000 members in 55 countries, issued a voluntary code of conduct earlier this week and urged its members to abide by it. The Association for Unmanned Vehicle Systems International says the self-imposed code will, “address many of the concerns expressed by the public and regulators” by providing a …
A preliminary vote count in Mexico shows that Presidential candidate Enrique Pena Nieto is the winner, capturing 38% of the vote in yesterday’s elections. Nieto celebrated last night at the headquarters of the Institutional Revolutionary Party, or PRI, in Mexico City, declaring victory and telling voters, “You have given our party a second chance and we will deliver results.” The …
A new study in Britain has revealed that at least a million people go to their workplaces each day, having taken illegal narcotics. The most common drugs found in people were cannabis, opiates and cocaine, and even more shockingly, the numbers of drug users are up 43% compared with a previous study in 2007. When broken down by age, the …
Paraguayan activists and journalists are condemning the June 22 ouster of president Fernando Lugo as a “parliamentary coup” following a one day impeachment trial resulting in a 39-4 Senate vote to impeach the reformist leader. The decision brought out protesters in Paraguay’s capital, Asuncion, where 2,000 people camped out in front of the nation’s Congress, while rural farmers and peasant …
