Tag Archive: Vatican


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Published on Jul 1, 2013

The Archdiocese of Milwaukee is involved in 45 cases involving sexual abuse by priests. An attorney for abuse victims in the case claims then-Archbishop Timothy Dolan shuffled funds to protect them from abuse claims. Dean Reynolds reports.

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Then-Archbishop Timothy Dolan tried to protect money from claims, records show

Archbishop Timothy Dolan, seen in this 2009 file photo, listens as the Apostolic letter is read by the Vatican's ambassador to the United States during his installation Mass at St. Patrick's Cathedral in New York.

Associated Press

Archbishop Timothy Dolan, seen in this 2009 file photo, listens as the Apostolic letter is read by the Vatican’s ambassador to the United States during his installation Mass at St. Patrick’s Cathedral in New York.

Milwaukee Archdiocese releases thousands of pages from priest sex abuse files

By Annysa Johnson of the Journal Sentinel

July 2, 2013

Archdiocese Bankruptcy

The Catholic Archdiocese of Milwaukee, which faces more than a dozen civil fraud lawsuits over its handling of clergy sex abuse cases, filed for Chapter 11 bankruptcy protection in January. As the case proceeds, we’ll have updates, analysis, documents and more.

Four years before the Archdiocese of Milwaukee filed for bankruptcy, then-Archbishop Timothy Dolan sought Vatican approval to move nearly $57 million in cemetery funds off the archdiocese’s books and into a trust to help protect them “from any legal claim or liability,” according to documents made public Monday.

In the decades before Dolan — now cardinal of New York — arrived in 2002, church leaders, including now-retired Archbishop Rembert Weakland, routinely moved pedophile priests from one parish or school to the next, shielding them from criminal charges, the records show.

And when they did try to dismiss sex abusers from the priesthood, Dolan and Weakland were met by a Vatican bureaucracy that moved at a glacial pace, causing the process to slog on sometimes for years.

One case, involving the now-defrocked Father John O’Brien, dragged on for five years, even though O’Brien was convicted of fourth-degree sexual assault of a teenage boy and had sought his own dismissal. At one point a Vatican official wrote to Dolan saying he could not turn the case over to Pope Benedict XVI for a final decision without “an admission of guilt and a sincere expression of remorse.”

How Dolan — now considered one of the world’s most influential Catholic prelates — and his predecessors responded to the sexual abuse crisis in the Archdiocese of Milwaukee is laid out in thousands of pages of documents made public Monday as part of the archdiocese’s bankruptcy proceedings.

They offer, at times in disturbing detail, an unprecedented look at how the Catholic Church’s global sex abuse crisis played out in the parishes, schools and other ministries in southeastern Wisconsin. Some of the information has previously been reported, including revelations that Milwaukee bishops, like their colleagues around the country, routinely moved priests without divulging that they were a danger to children.

But the vast majority of the 6,000 pages of documents are being seen for the first time. They include parts of priests’ personnel files; correspondence between the Milwaukee archdiocese and the Vatican; and depositions of Dolan, Weakland and other church officials, and one notorious sex offender, since defrocked.

“The revelations are shameful and shocking,” said Minnesota attorney Jeffrey Anderson, who represents most of the 575 men and women who filed claims in the bankruptcy alleging they were sexually abused by priests, nuns, teachers and others associated with the Milwaukee archdiocese.

Anderson accused local bishops, including Dolan, of worrying more about the church’s reputation than the care of victims, and of perpetuating a culture of secrecy that has been seen in dioceses around the country for decades.

They “deny, minimize, blame,” Anderson said.

Dolan issued a statement saying he welcomed the release of his deposition. He derided allegations that he shifted money into the cemetery trust to shield it in case of a bankruptcy filing and paid abusive priests to quietly go away as “old and discredited attacks.”

According to the documents, Dolan paid $20,000 to abusive priests who agreed not to fight their dismissal from the priesthood. But records show the practice dated to at least 1995, seven years before he arrived in Milwaukee.

Critics have characterized the payments as payoffs or bonuses to sex abusers. But Dolan said in his statement Monday that canon law requires dioceses to provide “basic support like health care and room and board” for priests until they have moved on.

“Responding to victim-survivors, taking action against priest-abusers, and working to implement policies to protect children, were some of the most difficult, challenging, and moving events of the 6½ years that I served as Archbishop of Milwaukee,” Dolan said in the statement.

Officials with the Milwaukee archdiocese did not respond to email and telephone requests for comment. But Archbishop Jerome Listecki issued a letter to Catholics last week, saying he hoped the documents would “aid abuse survivors, families, and others in understanding the past, reviewing the present and allowing the Church in southeastern Wisconsin to continue moving forward.”

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SFGate

Records: Archbishop paid problem priests to leave

Updated 4:16 am, Tuesday, July 2, 2013
  • Attorney Jeff Anderson makes available in St. Paul, Minn., on Monday, July 1, 2013, close to 6,000 pages of documents related to child sex abuse by priests in Wisconsin. The documents were made public for the first time as part of the Archdiocese of Milwaukee's bankruptcy proceedings.      MANDATORY CREDIT; ST. PAUL PIONEER PRESS OUT; MAGS OUT; TWIN CITIES TV OUT Photo: The Star Tribune, Richard Sennott
    Attorney Jeff Anderson makes available in St. Paul, Minn., on Monday, July 1, 2013, close to 6,000 pages of documents related to child sex abuse by priests in Wisconsin. The documents were made public for the first time as part of the Archdiocese of Milwaukee’s bankruptcy proceedings. MANDATORY CREDIT; ST. PAUL PIONEER PRESS OUT; MAGS OUT; TWIN CITIES TV OUT Photo: The Star Tribune, Richard Sennott

MILWAUKEE (AP) — The archbishop of Milwaukee wrote a letter in 2003 to the Vatican office overseeing clergy sex abuse cases begging it to remove a priest who had repeatedly abused children, showed no remorse and at least once engaged in sexual activity with a young boy, the child’s mother and her female friend.

The archdiocese provided the priest with counseling and alcohol abuse treatment, limited his job assignments, eventually ordering him to stop dressing as a priest and barring him from seminary buildings. It only received more reports of abuse.

In 2003, nearly 40 years after some of the earliest reported abuse took place, New York Cardinal Timothy Dolan, who was then archbishop of Milwaukee, sought permission to have the priest, Daniel Budzynski, officially defrocked. Despite the egregiousness of the priest’s crimes, the Vatican office in charge of sex abuse cases, then led by Cardinal Joseph Ratzinger, the future Pope Benedict XVI, took more than a year to formally dismiss him.

The correspondence was made public Monday along with thousands of pages of other documents detailing sex abuse by dozens of priests in the archdiocese covering southeastern Wisconsin. The documents were released as part of a deal reached in federal bankruptcy court between the archdiocese and victims suing it for fraud. Victims have accused the archdiocese of transferring abusive priests to new churches without warning parishioners and covering up their crimes for decades.

The Budzynski case was among at least a half-dozen Dolan inherited when he took over the archdiocese in 2002 amid the growing clergy abuse scandal. It shows some of the difficulty church leaders had in dealing with serial molesters and a church bureaucracy that in many cases sat on pleas for priests’ removal for years.

While other church leaders, including Dolan’s predecessor, Archbishop Rembert Weakland, have acknowledged they didn’t immediately grasp the extent of the problem, Dolan appears to have quickly determined a crisis was in the making. He moved to push out problem priests, even paying them to leave the priesthood, and later acted to protect church assets by transferring $57 million from a cemetery fund into a trust as the archdiocese moved toward bankruptcy.

Victims have accused Dolan of caring more for the church’s well-being than theirs, but his letters, such as the one to Ratzinger seeking to defrock Budzynski, show an understanding of the damage done to children.

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Archbishop Timothy Dolan Purposely Shuttled 57 Million Dollars Away From Sex Abuse Victims

He Viewed The Victims As A Major Inconvenience

Archbishop Timothy Dolan Purposely Shuttled 57 Million Dollars Away From Sex Abuse Victims And Viewed Them As An Inconvenience

A portion of the proceeds from this article will be donated to SNAP-the Survivor’s Network of Those Abused by Priests. Please share this article on your social networks.

Breaking news out of Milwaukee today as thousands of pages of documents have been released from the Catholic Archdiocese there. The papers show  that Archbishop Timothy Dolan bribed priests to keep them quiet about the child sex abuse scandal, purposely shuttled nearly 57 million dollars out of the Milwaukee Archdiocese before it declared bankruptcy in an attempt to avoid paying settlements to victims, and was far more concerned with accused priests’ well-being and comfort than with the victims themselves. The papers, published on the Archdiocese website as well as on the website of victims’ lawyers, detail depositions, personnel files and court papers in relation to 42 separate child sexual abuse cases.

In preparation of the publication of the documents, Archbishop Jerome E. Listecki of Milwaukee wrote a letter to his congregation, attempting to explain how the church has had to undergo an “arc of understanding” to comprehend the fact that molesting children is a criminal act. In one paragraph, he says “The arc of understanding sexual abuse of a minor progressed from being seen as a moral failing and sin that needed personal resolve and spiritual direction; to a psychological deficiency that required therapy and could be cured; to issues of addiction requiring more extensive therapy and restrictions on ministry; to recognition of the long-term effects of abuse and the need to hold the perpetrator accountable for this criminal activity.”

While most would say that sexual abuse of a minor would automatically be considered a criminal act for which the perpetrator should be held accountable, the church seems to have taken nearly 80 years coming to that conclusion. Owning up to the mistakes, Listecki said, took a long time because the church only realized that having sex with children was wrong when they looked back upon their actions. “Acknowledging our past… includes facing up to mistakes that were made, even if some of those mistakes become apparent only in hindsight” he writes.

Whereas the vast majority of the population does not feel that child molestation is difficult to equate with criminality, Archbishop Listecki seems to feel otherwise. In his letter he reflects back on how some of the documents show that parents didn’t want the police to be involved, and that some of them were more concerned for “Father” than for their own children. He goes on to say “I do not offer this as an excuse, but rather, as examples of the complexity of the topic and the context in which decisions were made.”

Contrary to what Archbishop Listecki states, most would say that handling child molestation is not complex. It’s actually very simple.  The majority of first responders would probably pick up the phone and dial 911. But the responders were “ill-equipped” and “didn’t understand” he says. He tells his congregation to “prepare to be shocked” about the documents that were to be published.

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The leader of the Scottish Catholic Church, Cardinal Keith O’Brien, has resigned amid allegations of inappropriate behavior, involving four priests in the 1980s. The Cardinal used his resignation to apologize to those he’d offended.  ITV’s Lewis Vaughan Jones report.

By John Newland, Staff Writer, NBC News

LONDON — Britain’s most senior Roman Catholic cleric has resigned amid allegations of inappropriate behavior made by priests.

The Vatican said Monday that Pope Benedict XVI had formally accepted the resignation of Cardinal Keith O’Brien, archbishop of St. Andrews and Edinburgh. The Observer newspaper reported Sunday that the Vatican had been notified of allegations of inappropriate behavior stretching back 30 years.

Three priests in Scotland, as well as a former priest, have lodged complaints to the Vatican’s ambassador to Britain and demanded O’Brien’s immediate resignation, according to the newspaper.

The 74-year-old cardinal has contested the claims and said he is taking legal advice.

O’Brien had been prepared to resign, citing his age as the cause. He turns 75 on March 17, and the Vatican said the pope had in November accepted a resignation letter under the condition of “nunc pro tunc,” meaning “now for later.”

The Vatican said Monday, however, that the pontiff had now accepted the resignation “definitively.”

Jeff J Mitchell / Getty Images, file

The Vatican confirmed Monday that it had accepted the resignation of Cardinal Keith O’Brien, 74.

It means O’Brien will not take part in the conclave to elect the pope’s successor – a process that could begin earlier than March 15 after the rules governing the process were changed in a move announced Monday.

O’Brien said in a statement that it was the pope himself who had decided his resignation would take effect immediately.

“Approaching the age of 75 and at times in indifferent health, I tendered my resignation … some months ago,” he said. “The Holy Father has now decided that my resignation will take effect today.”

O’Brien would have been Britain’s only elector in the papal conclave that will gather to decide on a successor to Benedict XVI.

“I will not join them for this conclave in person,” O’Brien said. “I do not wish media attention in Rome to be focused on me — but rather on Pope Benedict XVI and on his successor.”

A hint of O’Brien’s accelerated resignation was found Sunday in Edinburgh, when the cardinal did not appear as scheduled to lead a Mass at St. Mary’s Cathedral. Instead, Bishop Stephen Robson made a statement on O’Brien’s behalf.

“A number of allegations of inappropriate behavior have been made against the cardinal,” the statement said. “The cardinal has sought legal advice, and it would be inappropriate to comment at this time. There will be further statements in due course.”

Robson is an auxiliary prelate in the Edinburgh diocese.

O’Brien’s statement went on to say: “I have valued the opportunity of serving the people of Scotland and overseas in various ways since becoming a priest. Looking back over my years of ministry: For any good I have been able to do, I thank God. For any failures, I apologize to all whom I have offended.”

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By: AFP | February 17, 2013
Vatican considers early pope vote

ROME – The Vatican on Saturday said it could speed up the election of a new pope as lobbying for Benedict XVI’s job intensified amid speculation over who had the best chance to succeed him. Vatican spokesman Federico Lombardi, who earlier said the conclave would probably start on or after March 15 after the pope resigns on February 28, said the issue of bringing forward the date “has been raised by various cardinals”. Benedict’s decision to step down for age reasons has revealed tensions at the heart of the Church, emphasised by a battle between top cardinals over whose candidate should be appointed to head up the Vatican’s scandal-hit bank.

The choice of German financier Ernst Von Freyberg on Friday was seen by some as a snub to the Vatican’s powerful number two, Secretary of State Cardinal Tarcisio Bertone, who had backed another candidate, religious watchers said.

“The appointment is fruit of a bitter compromise,” Il Messaggero daily said.

It appeared to bring to the fore a power struggle between Bertone’s allies and his rivals reminiscent of Renaissance conspiracies – a bid to shape the hierarchy within the Vatican first revealed in a leaks scandal last year.

In an interview carried out 10 weeks ago but published Saturday, Benedict spoke about the scandal, which some believe was a factor in his resignation.

“I simply couldn’t understand it,” he told his biographer Peter Seewald in the interview published in Focus magazine, referring to his former butler Paolo Gabriele’s decision to leak secret memos revealing intrigue at the Vatican.

“I don’t know what he was expecting. I can’t understand his thought process,” said the 85-year-old, who pardoned Gabriele just before Christmas.

Sources at the Vatican told Ansa news agency that Gabriele will in the next few days sign a confidentiality agreement with the Vatican, assuring the Church that he will not speak out to the media about his life as Benedict’s butler.

Seewald had also asked Benedict six months ago what people could expect from the rest of his papacy: “From me? Not much. I am an old man, running out of energy. I also think what I have done is enough,” he replied.

 

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Politics and Legislation

Outside View: Jobs. Obama and re-election

by Peter Morici
College Park, Md. (UPI)

Unemployment hangs stubbornly at more than 8 percent, yet, defying election history, U.S. President Barack Obama would handily win a second term if voters went to the polls today.

Former Massachusetts Gov. Mitt Romney hasn’t capitalized on the stagnant economy because after sewing up the GOP nomination, he failed to move quickly on issues critical to key demographic groups and act on the challenger’s imperative to offer a better alternative to the president’s policies.

To win conservative primary voters, Romney rejected the Dream Act, which enjoyed bipartisan sponsorship in Congress and would permit young adults brought to America illegally as children to earn citizenship by completing two years of college or military service.

After securing the nomination, Romney failed to define a compromise position more acceptable to Hispanic voters and permitted Obama to pre-empt the issue by suspending deportation of those young adults. Obama enjoys an overwhelming lead among Hispanic voters.

Romney vows to repeal ObamaCare but is vague about what would replace it. The president’s healthcare reforms may be too expensive and encourage private firms to offshore jobs to escape costly coverage for employees; however, the law contains provisions popular among the elderly and with women — for example, much improved Medicare prescription drug coverage and coverage for children with chronic conditions.

No surprise! Obama leads Romney in Florida — a must-win state for any Republican candidate, along with Texas, given the Democrats’ lock on California and New York. And the president enjoys a significant lead among women in battleground states.

On the economy, Romney sounds like a broken record, repeating an annoying theme and undermining his appeal. Constantly harping Obama’s economic policies have failed, he asserts his business experience qualifies him to create millions of new American jobs.

Voters recognize Obama inherited a bigger mess than any president since FDR, managed to stabilize the economy and created more than 3.6 million jobs since the recovery began in October 2009.

At Bain Capital, Romney earned his fortune reorganizing troubled companies — often shutting facilities, outsourcing jobs and firing employees. Little in that history indicates he knows much about shaping public policies to encourage new industries, attract private investment, instigate innovation and generally help U.S. companies compete in global markets and bring jobs to America.

During the early days of his campaign, he talked a lot about the right things — dealing with unfair competition from China and developing domestic oil — but since, he has loaded up on Bush administration economic advisers and emphasized broader themes like deregulation and tax and spending cuts.

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Egypt top court freezes Morsi decree: judicial source

by Staff Writers
Cairo (AFP)

Egypt’s Supreme Constitutional Court on Tuesday froze a decree issued by President Mohamed Morsi reinstating the Islamist-led parliament, a judicial source said.

The decision is expected to raise tensions between Morsi, the top court and the Supreme Council of the Armed Forces (SCAF) which handed over power to the new president at the end of June.

“The court ordered the freeze of the president’s decree,” the source said.

On Sunday, just eight days after taking office, Morsi, a former member of the powerful Muslim Brotherhood, ordered the lower house to reconvene.

His move highlighted the power struggle between the president and the Supreme Constitutional Court which last month said certain articles in the law governing the parliament elections were invalid, annulling the lower house.

The judicial source added: “The court ordered that its previous ruling (invalidating the elections and annulling the lower house) be implemented.”

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Obama’s executive order on communication violates US constitution: Analyst

Published on Jul 12, 2012 by

This edition of News Analysis reviews US President Obama’s move to issue a new executive order allowing the White House to control all private communications in case of emergencies.

Putin and the Future of Russia – Eric Draitser on GRTV

Published on Jul 12, 2012 by

Eric Draitser of StopImperialism.com joins us to discuss the geopolitical significance of the reelection of Vladimir Putin as Russian President. We talk about the differences between Putin and Medvedev, the future of Russian-American relations under Putin, and the future of Syria.

New York Police Department (NYPD) has attacked and brutalized OWS protesters near Zuccotti Park

Published on Jul 12, 2012 by

As the US presidential election draw near, the New York Police Department (NYPD) has attacked and brutalized OWS protesters near Zuccotti Park, not sparing journalists who were beaten and detained.

Press TV has conducted an interview with Giles Clarke, OWS Photographer from New York about the escalation in motivation by police to crackdown violently on unarmed peaceful protesters of the OWS movement and the systematic absence of coverage of OWS in US mainstream media as the US presidential election approaches.

Romania’s PM in Brussels to defend bid to oust president

Published on Jul 12, 2012 by

http://www.euronews.com/ Romania’s Prime Minister, Victor Ponta, has held talks with EU leaders in Brussels to explain his bid to oust President Triane Basescu.

Senior European officials remain deeply concerned over the political turmoil unfolding in Bucharest.

Promising to address those concerns Ponta said:
“I’ve committed myself to give answers on this either on Friday or on Monday, to once again offer reassurances that this political battle will not undermine the rule of law, the constitution and the stability of Romania’s governing institutions in terms of European standards.”

The visit to Brussels by Ponta follows Tuesday’s ruling by Romania’s Constitutional Court to uphold Basescu’s suspension last week.

It means a referendum to impeach the centre-right president will go ahead at the end of the month.

Basescu is accused of acting against the government and parliament by blocking Ponta’s policies.

Further political rallies are set to take place in Romania in the coming weeks to bolster support for Basescu, who could hang on to his job if the turnout in the referendum is less than fifty percent.

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Economy

Wells Fargo pays $175M to settle race discrimination probe

By msnbc.com staff and news services

The Justice Department says Wells Fargo & Co. will pay at least $175 million to settle accusations that it allegedly discriminated against qualified African-American and Hispanic borrowers in its mortgage lending from 2004 through 2009.

The settlement, which needs approval from a judge, would end the investigation into whether the fourth largest U.S. bank between 2004 and 2009 knowingly targeted minorities for risky mortgages that came with higher costs, according to documents filed in the U.S. District Court for the District of Columbia.

“The Department of Justice today filed the second largest fair lending settlement in the department’s history to resolve allegations that Wells Fargo Bank, the largest residential home mortgage originator in the United States, engaged in a pattern or practice of discrimination against qualified African-American and Hispanic borrowers in its mortgage lending from 2004 through 2009,” said a statement from the U.S. Department of Justice.

The settlement will provide $125 million in compensation for minority borrowers the DOJ said were steered into subprime mortgages, which usually carry higher fees. Wells Fargo will pay $50 million more in direct down payment assistance to borrowers in parts of the country where the DOJ identified large numbers of discrimination victims.

At a news conference, Deputy Attorney General James Cole said the government will ensure that borrowers hit hard by the housing crisis will have an opportunity to access homeownership.

Cole said the bank’s discriminatory lending practices resulted in more than 34,000 African-American and Hispanic borrowers in 36 states and the District of Columbia paying higher rates for loans solely because of the color of their skin.

Wells Fargo in May said it could face civil charges under laws that prohibit discrimination against minority homebuyers. At the time, the lender said in a securities filing it believed the charges should not be brought and said it was seeking to show the department that it is in compliance with fair lending laws.

The government investigation found that loans submitted to Wells Fargo by mortgage brokers had varied interest rates, fees, and costs based only on race and not correlated to the borrowers’ creditworthiness, according to the court document.

Wells Fargo noted in a statement that it has denied the claims.

“Wells Fargo is settling this matter solely for the purpose of avoiding contested litigation with the DOJ,” it said, “and to instead devote its resources to continuing to provide fair credit services and choices to eligible customers and important and meaningful assistance to borrowers in distressed U.S. real estate markets.”

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JPMorgan investors wait to hear about the ‘London Whale’s’ splash

Eduardo Munoz / REUTERS

Commuters are reflected in stone as they walk past the JP Morgan headquarters in New York.

By Roland Jones

When JPMorgan reports its quarterly results Friday morning, most investors will be eager to hear just one key piece of information: How much of a splash did the London Whale make for the bank?

In mid-May, the bank announced it had sustained a multibillion-dollar loss that originated in its London office because of a failed hedging strategy undertaken by Bruno Iksil, nicknamed “The London Whale” because of the size of the trading positions he took.

Since then, JPMorgan CEO Jamie Dimon has appeared on Capitol Hill to explain the massive loss, which the New York Times reports has grown from the $2 billion originally reported to about $5 billion.

“Investors want to understand what happened, who knew what and when,” Betsy Graseck, a managing director for Morgan Stanley, told CNBC Thursday.

Bank earnings don’t usually attract much attention outside the Wall Street community of analysts, traders and other financial industry observers. The JPMorgan report is likely to spur greater interest because of the massive trading loss, which has enraged public opinion and led to Dimon appearing on television and two Congressional panels to own up to his company’s mistakes.

Graseck said it will be important for Dimon, for investors and for the public to set the record straight on the trading loss. He needs to detail exactly how much of the disastrous trade has been “unwound” so the company can move ahead and avoid any future volatility in its stock price that may arise from uncertainly over deeper losses.

“The question is how much [of the trade] is left to go, and what is the volatility on what’s left,” Graseck said.

Investors and the public will want to hear details of how much money will be recovered from top executives at the bank involved in the botched trade.

When he appeared before lawmakers last month to explain his bank’s multi-billion dollar losses, Dimon said the trading debacle will lead to “clawbacks” — efforts to recover compensation paid to employees whose performance was later found to have harmed the company and shareholders.

Ina Drew, the former chief investment officer who oversaw the London office where the bank’s botched trade originated, is likely to see her pay curtailed, according to reports, and so is Iksil, according to a report in the U.K’s Telegraph newspaper.

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‘Inept Congress’ and the stock market

Visit msnbc.com for breaking news, world news, and news about the economy

Stocks finish lower amid weak sentiment

By msnbc.com news services

Stocks closed Thursday’s choppy session lower, as diminished chances of monetary stimulus from major central banks prompted investors to shy away from risky assets.

The Dow Jones industrial average closed down 31 points, having lost over 100 points earlier in the day.

Market sentiment was weak, especially after the lack of any monetary easing by the Bank of Japan on Thursday, and few clues in the minutes from the Federal Reserve’s June policy meeting, released on Wednesday. The lack of policy moves suggested major central banks were still cautious about the need for further easing.

Technology shares have been among the worst performers recently, bogged down by profit warnings from companies such as Advanced Micro Devices Inc and Applied Materials Inc.

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California city to file for bankruptcy

Published on Jul 12, 2012 by

Investors in the U.S. appear to have shrugged off the news that the city of San Bernardino has voted to file for bankruptcy. This blue collar city fifty miles East of Los Angeles had already slashed salaries and cut twenty percent of its employees. San Bernardino still faced a 45 million dollar deficit when the city council called an emergency session and voted to file for bankruptcy. Al Jazeera’s Brian Rooney reports from San Bernadino.

Car makers’ dilemma: too many plants, too few buyers

Published on Jul 12, 2012 by

http://www.euronews.com/ Peugeot’s 8,000 job cuts and closure of a plant near Paris comes as cash strapped Europeans buy fewer new cars and the region’s manufacturers ponder what to do about their surplus of factories with too much capacity.

In addition, unemployment is highest among young people – under 25-year-olds – which means a lost generation of drivers.

In France deliveries of cars and light vans fell by 0.9 percent in June after a 17 percent plunge in May.

In the first half of the year Peugeot Citroen was hit hard with a 13 percent slump in deliveries.

Fellow French carmaker Renault’s sales slipped by 3.3 percent, while Germany’s Volkswagen increased its market share in France and overall sales rose 10.2 percent.

Analyst Brenda Kelly with CMC Markets blamed austerity: “You’re seeing the effect (of austerity measures) on the private sector at the moment, and of course, as the demand for these goods (cars) goes down, so there will be an effect on the employment levels. So you would expect to see unemployment in France rise somewhat over the next quarter or so.”

Around Europe carmakers say they need help from governments to reduce their overcapacity.

It is estimated more than a third of the region’s factories are not using enough of their capacity to be profitable so the industry expects more layoffs and plant closures.

Greek jobless hits record with worse predicted

Published on Jul 12, 2012 by

http://www.euronews.com/ Challenging Spain for the worst jobless total in Europe Greek unemployment has hit a record 22.5 percent of the workforce.

That was the figure for April, which was the latest available. Analysts said the country’s economy has worsened since then and unemployment will likely go higher.

Thirty-two year old Filia, an educated jewellery maker, has been out of a job for a year and has a 10-month-old daughter. ”It’s difficult. The parents help, I use my savings that I have put aside,” she said.

Michalis, 34, lost his job in Athens at a supermarket two years ago. He then went to France and found a job there, but was forced to return to Athens for family reasons and has not been able to find a job since his return a few months ago. ”There is always hope. But in Greece you see how things are, you cannot always save, save, save, that is why we want a united Europe, there has to be a social network, why don’t they go chase the people who spent all the money,” he said.

Bianca Tampouri, a translator, cannot find work, and her husband and 18-year-old daughter are also unemployed. “All my family we all have a problem, so yes I am concerned. About the future, our jobs, our lives, our psychology, you know dignity, everything,” she said.

But some Greeks are more optimistic; Nikos Govas, who was unemployed but opened a coffee shop, said: “If you want a job, you’ll find something. The problem here is everyone wants to work in a doctor’s office or as a civil servant. But it’s not like that. A rubbish collector or a CEO, they’re both jobs and bring in a wage.”

There could be some respite from jobs created by the summer tourism season, but even that is not guaranteed as visitors numbers and revenue were down earlier this year.

Strikes and violent anti-government protests have deterred tourists from visiting.

Tourism is a key sector which accounts for about one in five jobs in Greece.

 

 

Peugeot announces massive layoffs

Published on Jul 12, 2012 by

France’s largest carmaker, Peugeot Citroen, has announced it is cutting 8,000 jobs.

3,000 will go as a result of the closure of a car plant near Paris – the first to shut in France for 20 years.

It’s a blow for new President Francois Hollande’s jobs and growth agenda, as Simon McGregor-Wood reports from Paris.

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Wars and Rumors of War

By Christopher Torchia, The Associated Press July 11, 2012

ISTANBUL – The Syrian ambassador to Iraq has defected and is on his way to Turkey, the most senior diplomat to abandon President Bashar Assad during the 16-month-old uprising, a Syrian opposition figure said Wednesday.

Nawaf Fares, a former provincial governor, would be the second prominent Syrian to break with the regime in less than a week. Brig. Gen. Manaf Tlass, an Assad confidant and son of a former defence minister, fled Syria last week, buoying Western powers and anti-regime activists, who expressed hope that other high-ranking defections would follow.

Appointed to the Baghdad post four years ago, Fares was the first Syrian ambassador to Iraq in 26 years. Like Tlass, he is a member of the privileged Sunni elite in a regime dominated by Assad’s minority Alawite sect.

“It’s certain. Fares has defected. He declared his defection. … He’s moving toward Turkey,” said Khaled Khoja, a member of the opposition Syrian National Council who is based in Istanbul. Asked for details, Khoja said the information came from his own sources on the ground in Iraq.

There was no immediate confirmation from either Iraq or Syria. An operator who answered the phone at the Syrian Embassy in Baghdad said there was nobody at the embassy. When asked if the ambassador is currently in Iraq, the operator said he did not know.

White House spokesman Jay Carney said the U.S. had no confirmation of the defection as of Wednesday afternoon. But he said recent high-level defections from the Assad regime were “a welcome development.”

“That is an indication of the fact that support for Assad is crumbling,” Carney said.

State Department spokesman Patrick Ventrell said that if true, Fares would be the first senior diplomat from the regime to defect.

Iraqi government spokesman Ali al-Dabbagh also said he could not confirm whether Fares had defected.

Thousands of soldiers, most of them low-level conscripts, have deserted and joined the rebels. But despite the latest high-profile defections, Assad’s regime has largely held together in the face of the uprising — particularly compared with the swift hemorrhaging of Moammar Gadhafi’s inner circle in Libya in 2011.

The conflict in Syria has defied every international attempt to bring peace. Although the Assad government’s crackdown has turned the Syrian president into an international pariah, he still has the support of strong allies such as Russia, Iran and China.

A prominent Syrian opposition leader said Wednesday during a visit to Moscow that Russia’s resistance to international intervention in the conflict was bringing misery and “suffering” to the violence-torn country.

Two Syrian opposition delegations visited Moscow this week, raising hopes that Russia could be pushed to accept the ouster of Assad. But Syrian National Council head Abdelbaset Sieda said he saw “no change” in Moscow’s stance after meeting with officials including Foreign Minister Sergey Lavrov.

“The Syrian people are suffering because of Russia, because of the position it has taken, because of its veto in the U.N. Security Council,” Sieda said at a news conference. “The current regime uses Russian weapons against its own people.”

Activists estimate 17,000 people have been killed since the uprising began, and as the conflict continues, the rebellion appears to be getting more and more radicalized and violent, making any peaceful resolution or transfer of power a long-shot.

Read Full Article Here

 

 

Syrian Ambassador Defects, Encourages Followers

Published on Jul 12, 2012 by

Syrian ambassador to Iraq defects and encourages others to follow suit.

 

 

DR Congo rebels ‘advance on Goma’

Confusion and fear has gripped Goma as rebels near the main eastern city.

The government of the Democratic Republic of Congo has expressed alarm as rebel forces advance towards the country’s main eastern city of Goma.

Witnesses told the BBC that rebels of the M23 group were 40km (25 miles) from the city, near the Rwandan border.

They said rebels appeared to be taking towns and villages with ease, with government troops usually melting away.

The Congolese government and the UN say Rwanda is backing the rebels, a claim Rwanda denies.

DR Congo has accused its neighbour of wanting to keep it unstable so it can exploit its rich mineral wealth.

The Congolese government has called on the international community to condemn Rwanda.

On Sunday, rebels were reported to have seized the strategic town of Rutshuru, 70km north of Goma.

A senior official at a national conservation park speaking on Monday just 40km north of Goma, told the BBC that “the rebels are very much in control of this area”.

Flexing muscles

 

Troublesome neighbors

map
  • April-June 1994: Genocide of Tutsis in Rwanda
  • June 1994: Paul Kagame’s Tutsi rebels take power in Rwanda, Hutu fighters flee into Zaire (DR Congo)
  • Rwanda’s army enters eastern Zaire to pursue Hutu fighters
  • 1997: Laurent Kabila’s AFDL, backed by Rwanda, takes power in Kinshasa
  • 1998: Rwanda accuses Kabila of not acting against Hutu rebels and tries to topple him, sparking five years of conflict
  • 2003: War officially ends but Hutu and Tutsi militias continue to clash in eastern DR Congo
  • 2008: Tutsi-led CNDP rebels march on North Kivu capital, Goma – 250,000 people flee
  • 2009: Rwanda and DR Congo agree peace deal and CNDP integrated into Congolese army
  • 2012: Mutiny led by former CNDP leader Bosco “Terminator” Ntaganda

BBC international development correspondent Mark Doyle says it is not clear if the rebels intend to attack the city.

If they do, there will be a new and massive humanitarian crisis, he says.

However, the rebels may only be flexing their muscles to strengthen their negotiating position with the government, our correspondent adds.

The rebels – who took up arms in April – named themselves the M23 after a failed peace agreement signed on 23 March three years ago.

They are supporters of renegade Gen Bosco Ntaganda, who is wanted for war crimes by the International Criminal Court (ICC).

Gen Ntaganda is an ethnic Tutsi – like the majority of Rwanda’s leadership – and a recent UN report accused Rwanda of backing the rebels.

Kikaya Bin Karubi, the Congolese Ambassador to the UK, told the BBC: “The United Nations Group of Experts last week published a report that says clearly that the so-called M23 are using Rwandan soldiers – and that’s the United Nations talking, not us.”

Rwanda has vehemently denied the accusations.

The M23 rebels defected from the army amid pressure on the government to arrest Gen Ntaganda.

An estimated 200,000 people have fled their homes since April, with about 20,000 crossing the border to Uganda and Rwanda.

Eastern DR Congo has been plagued by years of fighting.

In 1994, more than a million Rwandan ethnic Hutus crossed the border following the genocide in which some 800,000 people – mostly Tutsis – were slaughtered.

Rwanda has twice invaded its much-larger neighbour, saying it was trying to take action against Hutu rebels based in DR Congo. Uganda also sent troops into DR Congo during the 1997-2003 conflict.

 

 

US warns China of ‘conflict’ if it doesn’t agree to maritime code

Published on Jul 12, 2012 by

US secretary of state Hillary Clinton has warned of more conflict in the South China Sea if China doesn’t agree to a maritime code of conduct.

Clinton was speaking in Cambodia, at the Asia Pacific’s leading security forum.

Territorial claims in the South China Sea have dominated the agenda.

But as Al Jazeera’s Steve Chao reports, the talks ended with little meaningful agreement.

Mosaic News : Bosniaks Hold Mass Funeral on 17th Anniversary of Srebrenica Massacre

Published on Jul 12, 2012 by

Bosniaks hold another mass funeral on 17th anniversary of Srebrenica massacre, Bahraini activists rally in solidarity with Saudi protestors, suicide attack targeting police academy kills 25 in Yemen, and more.

Today’s headlines in full:

Bosniaks hold another mass funeral on 17th anniversary of Srebrenica massacre
BBC Arabic, UK

Bahraini activists rally in solidarity with Saudi protestors
Al-Alam, Iran

Yemeni tribal leaders meet to discuss US intervention in Yemen
Press TV, Iran

Suicide attack targeting police academy kills 25 in Yemen
Press TV, Iran

Saudis hold funeral for slain protestor
Press TV, Iran

Bicycle bomb attack targets Pakistan space researchers; one dead
Press TV, Iran

Syrian opposition and Russia fail to bridge gap in Moscow
New TV, Lebanon

Egyptians call for referendums on parliament dissolution, constitutional declaration
Dubai TV, UAE

Israeli state prosecutors debate proceeding with Olmert charges in real estate scandal
IBA, Israel

Israel: Migron outpost appeal hearing delayed for two weeks
IBA, Israel

Freed Palestinian soccer player Sarsak returns to Gaza
Al Jazeera, Qatar

Image: A Bosnian Muslim man sits and cries near the coffin of his relative at Memorial Center in Potocari before a mass burial, near Srebrenica July 11, 2012: REUTERS/Dado Ruvic

Mosaic is a Peabody Award-winning daily compilation of television news reports from the Middle East, including Egypt, Lebanon, Israel, Syria, the Palestinian Authority, Iraq and Iran. Watch more Mosaic at http://www.linktv.org/mosaic

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Articles of Interest

Vatican excommunicates ‘illicit’ Chinese bishop

by Staff Writers
Vatican City (AFP)

The Vatican on Tuesday said it was excommunicating a Chinese bishop ordained last week by state-sanctioned Church authorities in northeast China without Pope Benedict XVI’s consent.

“The Reverend Joseph Yue Fusheng, ordained without pontifical mandate and hence illicitly, has automatically incurred the sanctions laid down by canon 1382 of the Code of Canon Law,” the Vatican said in a statement.

Under religious law, both the bishop ordained and the bishop celebrating the ceremony without papal consent are excommunicated, meaning that they can no longer receive the Eucharist or take an active part in the liturgy.

“Consequently the Holy See does not recognise him as bishop of the Apostolic Administration of Harbin, and he lacks the authority to govern the priests and the Catholic community in the Province of Heilongjiang,” it added.

Read Full Article Here

British Army steps in as London 2012 defense plan falls short

Published on Jul 12, 2012 by

With just 16 days before the Olympic Games kick off in London, there’s been a major hitch in the much-hyped security plans. Thousands of extra British soliders have had to be drafted in after a private firm failed to supply promised guards. The company’s been paid almost 300 million pounds – but hasn’t trained enough staff. RT’s Sara Firth has more.

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  • [In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit, for research and/or educational purposes. This constitutes ‘FAIR USE’ of any such copyrighted material.]

The Final Battles of Pope Benedict XVI

By Fiona Ehlers, Alexander Smoltczyk and Peter Wensierski

 

DER SPIEGEL

Photo Gallery: Trouble in the Holy See

Photos
REUTERS

The mood at the Vatican is apocalyptic. Pope Benedict XVI seems tired, and both unable and unwilling to seize the reins amid fierce infighting and scandal. While Vatican insiders jockey for power and speculate on his successor, Joseph Ratzinger has withdrawn to focus on his still-ambiguous legacy.

Finally, there is clarity. The Holy See has cleared things up and made the document accessible to all: a handout on checking whether apparitions of the Virgin Mary are authentic.

 

Everything will be much easier from now on. The Roman Catholic Church has taken a step forward.This “breaking news” from the Congregation for the Doctrine of the Faith (CDF) reveals the kinds of issues the Vatican is concerned with — and the kind of world in which some there live. It’s a world in which the official Church investigation of Virgin Mary sightings is carefully regulated while cardinals in the Roman Curia, the Vatican’s administrative and judicial apparatus, wield power with absolutely no checks and the pope’s private correspondence turns up in the desk drawers of a butler.

It’s a completely different apparition of the Virgin Mary that has pulled the Vatican and the Catholic Church into a new crisis, whose end and impact can only be surmised: the appearance of a source in the heart of the Church, a conspiracy against the pope and a leak code-named “Maria.”

Since the end of May, the pope’s former butler, Paolo Gabriele, has been detained in a 35-square-meter (377-square-foot) cell at the Vatican, with a window but no TV. Using the code name “Maria,” he allegedly smuggled faxes and letters out of the pope’s private quarters. But it remains unclear who was directing him to do so.

Even with Gabriele’s arrest, the leak still hasn’t been plugged. More documents were released to the public last week, documents intended primarily to damage two close associates of Pope Benedict XVI: his private secretary, Georg Gänswein, and Cardinal Secretary of State Tarcisio Bertone, the Vatican’s top administrator. According to one document, “hundreds” of other secret documents would be published if Gänswein and Bertone weren’t “kicked out of the Vatican.” “This is blackmail,” says Vatican expert Marco Politi. “It’s like threatening total war.”

A House in Disarray

Fear is running rampant in the Curia, where the mood has rarely been this miserable. It’s as if someone had poked a stick into a beehive. Men wearing purple robes are rushing around, hectically monitoring correspondence. No one trusts anyone anymore, and some even hesitate to communicate by phone.

It all began in the accursed seventh year of the papacy of Benedict XVI, with striking parallels to the latter part of Pope John Paul II’s papacy. The same complaints about poor leadership and internal divisions are being aired outside the Vatican’s walls, while the pope himself seems exhausted and no longer able to exert his power.

Joseph Ratzinger turned 85 in April. This makes him the oldest pope in 109 years, and one of the few popes who have exercised what Benedict has called this “enormous” office at such an advanced age.

Of course, he is still enviably fit, both mentally and physically, especially compared to his predecessor in his later years. But speaking has become unmistakably more difficult for Benedict than at the beginning of his papacy, and it’s hard to miss that his movements have become stiff and cautious.

He recently told a visitor that his old piano hardly gets any use anymore. Playing it requires practice, he added, but he doesn’t have any time for that. He prefers to continue working on the last part of his series on Jesus, which he wants to finish before dying.

A Ship with No Captain

These days, it isn’t difficult to find clerics at the Vatican who are willing to talk, provided their identities remain anonymous.

The monsignor who finds his way to a restaurant near Piazza Santa Maria in Rome’s Trastevere neighborhood one evening worked closely with Ratzinger in the CDF for years. But even before the waiter arrives with water and wine, the monsignor delivers his verdict on Ratzinger’s papacy: “The pope doesn’t fully exercise his office!” In his view, instead of having things under control, they control him.

The pope isn’t interested in daily affairs at the Vatican, says the anonymous monsignor. Still, this is not exactly unprecedented, as his predecessor also neglected the Curia. While the Polish pope spent a lot of time traveling, his German successor is apparently happiest while poring over books and writing speeches. “He simply isn’t taking matters into his own hands,” the monsignor says. In essence, he adds, the pope faces a different power in Rome — and one he hasn’t take command of.

Although the Vatican is Catholic, it’s also two-thirds Italian. In the end, says the monsignor, the Vatican’s employees and administration don’t care who among their ranks leads the Church. Even for someone who has been living there for decades, the monsignor says, “the Vatican is a ball of wool that’s almost impossible to untangle — not even by a pope.”

When John Paul II died in April 2005, the Curia was in terrible shape. Events and personnel decisions had been postponed during his last few years, in which he was often ill. The new pope was expected to finally clear off the desks and give the Curia a fresh start.

But, for the most part, such reforms haven’t materialized. Priests still hold all key positions, including those on the Council for the Laity and the Council for the Family. The only woman in a senior position, Briton Lesley-Anne Knight, was driven out of office as secretary-general of the Catholic development agency Caritas Internationalis in 2011 for having openly opposed the Church’s male-dominated hierarchy.

Fractured and Ferocious

A “reform of the Curia” is probably a contradiction in terms. Its hierarchical, essentially medieval organizational model is incompatible with modern management. The Vatican is an anachronistic, albeit surprisingly tenacious system, in which pecking orders and an absurd penchant for secrecy and intrigue prevail. “The only important thing is proximity to the monarch,” says a member of a cardinal’s staff. Rome works like an absolutist court, one in which decisions are made by people whispering things into the others’ ears rather than by committees. “There are many vain people here, people in sharp competition with one another,” the staff member adds.

Who spoke with whom, and for how long? What did they talk about? Who attends early Mass with whom, and who invites whom to dinner? Who’s in and who’s out? Who belongs and who doesn’t, and who’s coming into favor and who’s falling out of it? “This mood fosters feelings of exclusion, discrimination, envy, revenge and resentment,” the monsignor says. And all things have now appeared in the so-called Vatileaks documents.

Papal secretary Gänswein, in particular, has made many enemies. As the pope’s gatekeeper, he has influence over who is granted or denied the pontiff’s favor as well as over which events and issues might command his attention. This power can trigger fear, jealousy and derision in the corridors of the Apostolic Palace, the pope’s official residence. For Gänswein, it seemed almost miraculous that he was able to spend an entire evening relaxing and conversing with German clerics at the Vatican’s embassy in Berlin last September. It was an experience he couldn’t have had in Rome.

 

The Vatican is disintegrating into dozens of competing interest groups. In the past, it was the Jesuits, the Benedictines, the Franciscans and other orders that competed for respect and sway within the Vatican court. But their influence has waned, and they have now been replaced primarily by the so-called “new clerical communities” that bring the large, cheering crowds to Masses celebrated by the pope: the Neocatechumenate, the Legionaries of Christ and the traditionalists of the Society of St. Pius X(SSPX) and the Priestly Fraternity of St. Peter — not to mention the worldwide “santa mafia” of Opus Dei.They all have their open and clandestine agents in and around the Vatican, and they all own real estate and run universities, institutes and other educational facilities in Rome. Various cardinals and bishops champion their interests at the Vatican, often without an official or recognizable mandate. At the Vatican, everyone is against everyone, and everyone feels they have God on their side.

Perhaps Benedict XVI simply knows the Vatican too well to seriously attempt to reform it. “As pope, this veteran curial insider has turned out to have virtually zero interest in actually running the Roman Curia,” writes John L. Allen, a biographer of the pope.

 

 

 

Politics and Legislation

GOP Promises of Lower Gas Costs Belied by Dwindling Supply of World’s Oil

Amy Goodman, Video Report:

“Looking at rising fuel costs, one of the major issues raised by the Republican contenders in the 2012 presidential campaign. Since the beginning of the year, the average of price of a gallon of regular gasoline has jumped 16 percent to more than $3.80. Earlier this week, President Obama partially blamed his Republican rivals, saying one reason for the increase is rumors of war with Iran.”

http://www.nationofchange.org/gop-promises-lower-gas-costs-belied-dwindling-supply-world-s-oil-1331743269

Donors to conservative super PAC masked by nonprofit

Super PACs are the perceived demons of the 2012 campaign. But a shadowy sideshow that’s gone largely unnoticed is the set of nonprofits affiliated with them, which often provide money to the cash cows — and they don’t have to publicly disclose their donors. Case in point: FreedomWorks for America.

http://www.iwatchnews.org/2012/03/11/8360/donors-conservative-super-pac-masked-nonprofit

The New York Times: Delegate system gives small states outsize clout at convention

By Michael Cooper

Both Democrats and Republicans have long used formulas that award a state’s delegates based not just on population, but also on party loyalty in previous elections.

http://www.nytimes.com/2012/03/14/us/politics/delegate-system-gives-small-states-clout-at-convention.html?_r=2&ref=politics

France’s Upcoming Election Means Euro Devaluation—and a Pop In Gold

On May 6, France is holding its second round of Presidential elections, where the Socialist François Hollande is fully expected to win.

I’m pretty sure two things will happen immediately following the election: The first is, Carla Bruni will leave Nicolas Sarkozy (because everyone knows that a professional courtesan never stays when the going gets tough for her patron).

http://gonzalolira.blogspot.com/2012/03/frances-upcoming-election-means-euro.html

Economy

10 reasons Wall Street will hit bottom, crash

Commentary: Gambling-addicted banks need a Betty Ford Center

By Paul B. Farrell, MarketWatch

SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, Wall Street will crash. Has to. They’re gambling addicts. Dodged the bullet in 2008. But learned nothing. Now killing reforms. Teamed up with the Super Rich, CEOs, lobbyists, and crony politicians. It’s only a matter of time.

Yes, they’ll crash, again. No matter how anemic the recovery. No matter how much more debt they pile on taxpayers. No matter who’s president. Crash.
The Betty Ford Center, Rancho Mirage, Calif.

How do I know Wall Street will hit bottom? First off, most American know somebody who’s trapped in addictive behavior. I got a front-row seat years ago as a professional helping a few hundred addicts, alcoholics and gamblers getting help from the Betty Ford Center and others like it.

http://www.marketwatch.com/story/10-reasons-wall-street-will-hit-bottom-crash-2012-03-13?pagenumber=1

The Truth About Gas Prices

Bill Scher, Op-Ed:

Conservatives are betting that a President Obama can’t succeed in talking straight about gas prices the way Candidate Obama did. First, they are exaggerating the price spike itself, saying that under Obama’s presidency, prices have jumped from $1.83 to $3.70 per gallon. That is technically true, but remember, in the summer of 2008 gas was over $4 a gallon. Prices briefly plummeted below $2 per gallon right before Obama’s inauguration because there was this little cataclysmic global economic meltdown that shattered consumer demand.

http://www.nationofchange.org/truth-about-gas-prices-1331731751

Four large US banks fail stress tests

Citigroup was one of four large US banks that flunked stress tests aimed at seeing how they would hold up in a new economic crisis, Federal Reserve data showed Tuesday.

Three others — Ally, Suntrust and MetLife — also failed the tests, while 15 other large bank holding companies passed the exercise, the Fed said.

http://ca.news.yahoo.com/citi-ally-suntrust-metlife-fail-stress-tests-205649742.html

Oil price spike on Iran is beyond control: OPEC

KUWAIT (Reuters) – Top exporter Saudi Arabia and other Persian Gulf producers say surging oil markets are beyond their control and prices could spike higher unless tensions between the West and Iran subside.

Saudi Oil Minister Ali al-Naimi and OPEC Secretary General Abdullah al-Badri are expected to focus on high oil prices in their addresses to the International Energy Forum gathering of oil ministers and executives on Wednesday, several OPEC sources said.

http://www.tehrantimes.com/economy-and-business/96366-oil-price-spike-on-iran-is-beyond-control-opec-

Wars and Rumors of War

What A War With Iran Really Means: Proceed

By Barry Rubin

It is quite right to be worried and hesitant about entering a war with Iran. War, as recent events in Iraq and Afghanistan show, is a dangerous, bloody, often dirty mess in which things go wrong, civilians are killed inadvertently, your own side loses people, and goals are not necessarily achieved.

Sometimes war is necessary. That was clearly true in Afghanistan in 2001 but less clear regarding Iraq in 2003. What are the goals? How are they to be gained? In what way can a war be brought to an end? How is victory defined? These are all serious issues.

http://beforeitsnews.com/story/1885/416/NL/What_A_War_With_Iran_Really_Means:_Proceed.html

IDF official: Army ready for ground op in Gaza

The current round of fighting between Israel and Palestinian terror groups could prompt Israel to launch a ground operation in the Gaza Strip, a senior IDF official said Monday.

http://www.ynetnews.com/articles/0,7340,L-4201983,00.html

Russia says it won’t stop selling weapons to Syria

MOSCOW: Russia has no intention of curtailing military cooperation with Syria despite calls from the West to stop arming President Bashar Assad’s regime, a senior Russian government official said Tuesday.

Deputy Defense Minister Anatoly Antonov said Russia will abide by existing contracts to deliver weapons to Syria despite Assad’s yearlong crackdown on the opposition, during which the UN says over 7,500 people have been killed.

http://arabnews.com/middleeast/article587163.ece

Israel sends air force into Gaza

Gaza has been pounded for a second day by Israel’s air strength. In the worst bombing raid in the region for almost a year at least 15 militants have been killed on the Gaza side. Israel has said the air strikes are in retaliation to the firing of more than 100 rockets from the Palestinian side.

http://feeds.bignewsnetwork.com/?sid=204108507

US terror drones kill 30 in southern Somalia

At least 30 people have been killed and a dozen injured in an attack by US assassination drones in southern Somalia, Press TV reports. The unmanned aircraft fired several missiles at al-Shabab positions in the Dayniile district of south Mogadishu on Tuesday. Sheik Ibrahim Jaabar, a senior al-Shabab official, confirmed the attack, saying the aerial strike caused major damage to the group’s positions.

http://www.presstv.ir/detail/231562.html

Hague to be sued for aiding US drone attacks in Pakistan

A rights group and a law firm are set to take legal action against British Foreign Secretary William Hague over his alleged the contribution of intelligence in assisting US assassination drone strikes in Pakistan. The London-based charity Reprieve and the law firm Leigh Day & Co. confirmed on Monday that they will issue formal proceedings at the High Court on behalf of Noor Khan, a Pakistani man whose father was killed by a US strike. The law firm says it has credible evidence that Hague oversaw a policy of passing British intelligence to American forces planning attacks in Pakistan. Lawyers claim that civilian staff at Britain’s electronic listening agency (GCHQ) could be liable as “secondary parties to murder” as they provided “locational intelligence” to the CIA in directing its drone attacks.

http://www.presstv.ir/detail/231297.html

Environmental

Our New ‘Tough Oil’ World

Michael T. Klare, Op-Ed:

“Oil prices are now higher than they have ever been—except for a few frenzied moments before the global economic meltdown of 2008. Many immediate factors are contributing to this surge, including Iran’s threats to block oil shipping in the Persian Gulf, fears of a new Middle Eastern war and turmoil in energy-rich Nigeria. Some of these pressures could ease in the months ahead, providing temporary relief at the gas pump. But the principal cause of higher prices—a fundamental shift in the structure of the oil industry—cannot be reversed, and so oil prices are destined to remain high for a long time to come.”

http://www.nationofchange.org/our-new-tough-oil-world-1331732593

Senate Rejects Plan to Open Arctic Refuge to Drilling

Sean Cockerham, News Report:

“The Senate on Tuesday resoundingly rejected a sweeping measure to open the Arctic National Wildlife Refuge and other protected areas to oil drilling, as well as to approve construction of the Keystone pipeline project. Tuesday’s vote was the first time in four years that the Senate has voted on a measure including ANWR drilling, and it failed miserably. The proposal needed 60 votes to pass; it only received 41 votes in favor, with 57 senators against.”

http://www.nationofchange.org/senate-rejects-plan-open-arctic-refuge-drilling-1331733615

Why Pennsylvania’s Act 13 May Be the Nation’s Worst Corporate Giveaway

Suvendrini Kakuchi, News Report:

“It’s absolutely crushing of local self-government,” said Ben Price, project director for the Community Environmental Legal Defense Fund, which has helped a handful of local communities-including the city of Pittsburgh-adopt community rights ordinances that elevate the rights of nature and people to block the drilling. “The state has surrendered over 2,000 municipalities to the industry. It’s a complete capitulation of the rights of the people and their right to self-government. They are handing it over to the industry to let them govern us. It is the corporate state. That is how we look at it.”

http://www.nationofchange.org/why-pennsylvania-s-act-13-may-be-nation-s-worst-corporate-giveaway-1331733276

The shape of things to come

Miami FL (SPX)

When oil started gushing into the Gulf of Mexico in late April 2010, friends asked George Haller whether he was tracking its movement. That’s because the McGill engineering professor has been working for years on ways to better understand patterns in the seemingly chaotic motion of oceans and air. Meanwhile, colleagues of Josefina Olascoaga in Miami were asking the geophysicist a similar questio ..

http://www.energy-daily.com/reports/The_shape_of_things_to_come_999.html

Toxic acid release again draws federal investigators

Again drawn by a leak of toxic hydrofluoric acid, federal investigators are back at a Texas oil refinery they examined three years ago. A Center investigation last year found that 50 refineries use the acid despite the availability of safer alternatives.

http://www.iwatchnews.org/2012/03/08/8354/toxic-acid-release-again-draws-federal-investigators

Activism

Think Locally, Occupy Globally: Our Fight Is The World’s – And Vice Versa

Richard (RJ) Eskow, Op-Ed:

We’ve known for a long time that local protest movements carry an international message. The people here in South Africa gave hope and inspiration to the entire world during their own struggle for political freedom. Then, as now, genuine change seemed like an impossible dream. The apartheid regime had enormous wealth and was backed by some of the world’s most powerful corporate interests. The greatest governments in the world, including our own, were more than willing to ignore the regime’s worst human rights abuses in order to benefit from its trade.

http://www.nationofchange.org/think-locally-occupy-globally-our-fight-world-s-and-vice-versa-1331741531

Cyber Space

Google’s New ‘Spy’ Policy

Robert Jain, News Report:

Google has also made headlines recently regarding its new privacy policy, which Consumer Watchdog reports is a blatant misnomer, and actually describes the new invasive ways Google wants to gather information about individuals internet usage. Many of these techniques include methods for circumventing the privacy policies of Internet browsers such as Microsoft’s Internet Explorer or Apple’s Safari, which is used on iPhones and iPads around the country

http://www.nationofchange.org/google-s-new-spy-policy-1331740571

Teenager arrested for comments made on Facebook page

A teenager has been arrested for allegedly making comments on Facebook about the deaths of six British soldiers in Afghanistan last week.
According to Sky News, Azhar Ahmed of Ravensthorpe (19) posted comments on his profile page, criticizing the level of attention British soldiers who died in a bomb blast received, compared to that received by Afghan civilians killed in the war.

http://digitaljournal.com/article/321102#ixzz1pAiCFNlL

US wins the extradition of Richard O’Dwyer over UK-based website

Sheffield – A 23-year old UK student is to be extradited to the USA to face trial for operating a UK-based website linking to copyright materials.

http://digitaljournal.com/#ixzz1pAizxCzz

Vatican confirms second Anonymous hack

A Vatican spokesman on Tuesday downplayed the impact of the hack on the Vatican Radio database, saying the hackers had gained access to an old server “shortly after 2pm” on Monday. Anonymous claimed to have hacked Vatican Radio in protest against the Vatican Radio… in a Pastebin post on Monday. AnonOps Communications, a recognised mouthpiece of the hacktivist collective, published a link to the Pastebin post on Tuesday. Comments on the post called for alleged LulzSec members arrested last week by the FBI and international law enforcement to be freed.

http://www.zdnet.co.uk/blogs/security-bullet-in-10000166/vatican-confirms-second-anonymous-hack-10025615/

Radiation

Rense & Dr Blaylock – Radiation What We CAN Do

Uploaded by JRense on Apr 24, 2011

World famous Dr Russell Blaylock gives real advise on how we can protect ourselves from radiation, and a sober assessment of how our governments go for “covering up” the reality.

Misc

Speaking Truth About Power

Jim Hightower, Op-Ed:

A willingness to speak truth to power is an essential civic virtue for the well-being of a democratic-republic. Davis became a whistleblower, daring even to call out Gen. David Petraeus, the former top U.S. commander in Afghanistan, who now heads the CIA. Last year, Petraeus had told Congress that the Afghan Taliban’s momentum had been “arrested,” that our progress there was “significant,” and that the mission was “on the right azimuth,” to succeed.

http://www.nationofchange.org/speaking-truth-about-power-1331730900

Fed To Take Propaganda To The Schoolroom: Will Teach Grade 8-12 Students About Constitutionality Of… The Fed

Back in September we noted a peculiar RFP by the Fed which sought to become a secret ‘big brother’ to the social media world, and to “monitor billions of conversations and generate text analytics based on predefined criteria.” The Fed’s desired product should be able to “determine the sentiment of a speaker or writer with respect to some topic or document”… “The solution must be able to gather data from the primary social media platforms – Facebook, Twitter, Blogs, Forums and YouTube. It should also be able to aggregate data from various media outlets such as: CNN, WSJ, Factiva etc.” Most importantly, the “Listening Platform” should be able to “Handle crisis situations, Continuously monitor conversations, and Identify and reach out to key bloggers and influencers.”

http://www.zerohedge.com/news/fed-take-propaganda-schoolroom-will-teach-k-8-12-students-about-constitutionality-fed

FBI Urges Coffee Shops To Report Cash-Paying Customers To Authorities

Use of paper money is a terrorist trait — if you don’t want to be considered suspect, the government commands you to use corporate-issued debit and credit cards, rather than its own currency. Via Boing Boing:

According to a set of guidelines sent out by the FBI as part of its Communities Against Terror program, ordinary citizens need to be on the lookout for suspicious characters who follow patterns of behavior of a covert operative.

http://www.disinfo.com/2012/03/fbi-urges-coffee-shops-to-report-cash-paying-customers-to-authorities/

Classified documents contradict FBI on post-9/11 probe of Saudis, ex-senator says

By Anthony Summers and Dan Christensen
Special to msnbc.com

Former Florida Sen. Bob Graham, who co-chaired Congress’ Joint Inquiry into the 9/11 terrorist attacks, has seen two classified FBI documents that he says are at odds with the bureau’s public statements that there was no connection between the hijackers and Saudis then living in Sarasota, Fla.

“There are significant inconsistencies between the public statements of the FBI in September and what I read in the classified documents,” Graham said.

http://openchannel.msnbc.msn.com/_news/2012/03/13/10656262-classified-documents-contradict-fbi-on-post-911-probe-of-saudis-ex-senator-says

Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely

How would you feel if you worked for a state or local government for 20 or 30 years only to have your pension slashed dramatically or taken away entirely? Well, this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.

http://theeconomiccollapseblog.com/archives/broken-promises-pensions-all-over-america-are-being-savagely-cut-or-are-vanishing-completely

Bringing Down the Empire: Challenging the Institutions of Domination

“Nothing is more powerful than an idea whose time has come.” – Victor Hugo

We have come to the point in our history of our species where an increasing amount of people are asking questions, seeking answers, taking action, and waking up to the realities of our world, to the systems, ideas, institutions and individuals who have dominated, oppressed, controlled, and ensnared humanity in their grip of absolute control. As the resistance to these ideas, institutions, and individuals grows and continues toward taking action – locally, nationally, regionally, and globally – it is now more important than ever for the discussion and understanding of our system to grow in accord. Action must be taken, and is being taken, but information must inform action. Without a more comprehensive, global and expansive understanding of our world, those who resist this system will become increasingly divided, more easily co-opted, and have their efforts often undermined.

http://www.blacklistednews.com/Bringing_Down_the_Empire%3A_Challenging_the_Institutions_of_Domination/18434/0/0/0/Y/M.html

101 RESIGNATIONS FROM WORLD BANKS:

1. 9/01/11 (USA NY) Bank of New York Mellon Chief Robert P. Kelly Resigns in a Shake-UP
http://cli.gs/x80u7sk
2. 09/20/12 (SCOTLAND) SCOTTISH WIDOWS (RETIREMENT INVESTMENT SAVINGS FUND) There could be no Scottish representative on the board of Lloyds Banking Group, owner of Bank of Scotland, in future after it announced the departure of Lord Sandy Leitch, the chairman of Scottish Widows and group deputy chairman.
http://cli.gs/le7qon2
3. 9/25/11 (SWITZERLAND) UBS CEO Oswald Gruebel quits over £1.5bn rogue trader crisis
http://cli.gs/rn0tgj
4. 9/28/11 (SWITZERLAND) SNB Bank Council: Fritz Studer resigns as per end-April 2012
http://cli.gs/9wpeq0q
5. 10/29/11 (CHINA) China Construction Bank Corp Chairman Guo Shuqing resigns
http://cli.gs/b14tv6l
6. 10/29/11 (CHINA) Agricultural Bank of China Ltd Chairman Xiang Junbo resigns
http://cli.gs/b14tv6l
7. 11/01/12 (INDIA) More directors of the Beed district bank resign
http://cli.gs/67gb6d
8. 11/02/12 (UK) Lloyds Banking Group chief executive, António Horta-Osório, is to take leave of absence on health grounds for six to eight weeks, the BBC has reported. (STILL OUT AS OF 2/24/12 – DEFACTO RESIGNATION)
http://cli.gs/xg4snc1
9. 11/21/11 (JAPAN) UBS’s Japan Investment Banking Chairman Matsui to Resign
http://cli.gs/gdm988q
10. 12/15/11 (UK) Senior private banker James Fleming resigns from Coutts [private bank]
http://cli.gs/icg7w7
11. 12/23/11 (USA VA) Bank feud: Chairman Mark Giles quits VNB
http://cli.gs/n9mabhs
12. 12/23/11 (USA VA) Bank feud: Board Member Claire Gargalli quits VNB
http://cli.gs/n9mabhs
13. 12/23/11 (USA VA) Bank feud: Board Member Leslie Disharoon quits VNB
http://cli.gs/n9mabhs
14. 12/23/11 (USA VA) Bank feud: Board Member Neal Kassell quits VNB
http://cli.gs/n9mabhs
15. 1/01/12 (NIGERIA) United Bank for Africa Plc Victor Osadolor resigns
http://cli.gs/1el9169
16. 1/01/12 (ISRAEL) Israel’s Bank Leumi CEO Galia Maor steps down after 16 years
http://cli.gs/6unkmlf
17. 1/03/12 (USA VA) Suffolk Bancorp president and CEO J. Gordon Huszagh steps down
http://cli.gs/wwcyl71
18. 1/03/12 (UK) Arbuthnot Banking Group: Neil Kirton resigned from the Board
http://cli.gs/guoevyf
19. 1/03/12 (UK) Arbuthnot Banking Group: Atholl Turrell left the Board.
http://cli.gs/x53cg1d
20. 1/05/12 (UK) Saunderson House [Private Bank] CEO Nick Fletcher steps down
http://cli.gs/m9vec4y
21. 1/09/12 (SWITZERLAND) SNB Chairman Philipp Hildebrand resigns
http://cli.gs/s17bvj
22. 1/19/12 (SPAIN) Spanish bank Santander’s Americas chief Francisco Luzon quits
http://cli.gs/5greru
23. 1/30/12 (UK) Butterfield Private Bank head Danny Dixon Steps Down
http://cli.gs/5b79fbd
24. 1/20/12 (JAPAN) Normura’s head of wholesale banking Jasjit Bhattai quits
http://cli.gs/x3hhykp
25. 1/21/12 (Greece) Institute of International Finance negotiator Charles Dallara quits http://cli.gs/iq071x
26. 1/21/12 (Greece) Institute of International Finance negotiator Jean Lemierre quits
http://cli.gs/iq071x
27. 1/29/12 (NEW ZEALAND) New Zealand Reserve Bank Gov Alan Bollard to Step Down
http://cli.gs/11fnco2
28. 2/01/12 (SOUTH AFRICA) ABSA [Barclay’s Bank] deputy CEO Louis von Zeuner resigns
http://cli.gs/ilk3bw0
29. 2/01/12 (UK) Lloyds Bankging Group head of wholesaleTruett Tate quits
http://cli.gs/6brhb0
30. 2/01/12 (UK) Llyods Banking Group Tim Tookey leaving end of February
http://cli.gs/vodr08j
31. 2/02/12 (VENEZUELA) Banking Crisis Arne Chacon arrested for Banking Corruption
http://cli.gs/6p4qud9
32. 2/05/12 (USA – NY) Morgan’s investment banking chairman Joseph Perella quit
http://cli.gs/3ww27st
33. 2/05/12 (USA – NY) Morgan Stanley investment banking Tarek Abdel-Meguid quit
http://cli.gs/3ww27st
34. 2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits:
http://cli.gs/0t4ba4
35. 2/7/12 (USA) Bank Of America’s Mortgage Business Chief Barbara Desoer Retires
http://cli.gs/y5spl4b
36. 2/07/12 (INDIA) Kotak Mahindra Bank Falguni Nayar quits
http://cli.gs/dfnp5ph
37. 2/07/12 (IRAN) Iran denies central bank resignation rumor (don’t believe until its denied?)
http://cli.gs/70dbtnx
38. 2/09/12 (VATICAN) Four Priests Charged In Vatican Banking Scandal (names not known)
http://cli.gs/ttahvxk
39. 2/9/12 (UKRAINE) National Bank of Ukraine deputy governor Volodymyr Krotiuk quits
http://cli.gs/ahytwo9
40. 2/10/12 (KOREA) Korea Exchange Bank chief Larry Klane steps down
http://cli.gs/vr0sjf

41. 2/10/12 (INDIA) Tamilnad Mercantile Bank CEO A K Jagannathan resigns
http://cli.gs/c93mgy8
42. 2/13/12 (KUWAIT) Kuwait Central Bank CEO Sheikh Salem Abdulaziz Al Sabbah resigns
http://cli.gs/wcw6ff
43. 2/14/12 (NICARAQUA) Nicaraqua Central Bank President Antenor Rosales resigns
http://cli.gs/q5xaopa
44. 2/14/12 (UK) Social finance pioneer Malcolm Hayday quits Charity Bank
http://cli.gs/r69lqgu
45. 2/15/12 (WORLD) World Bank CEO Zoellick resigns
http://cli.gs/72fyiup
Did the White House tell the World Bank president that he’s out?
http://cli.gs/ilii9a1
46. 2/15/12 (SLOVENIA) Nova Kreditna Banka Maribor CEO Andrej Plos resigns
http://cli.gs/6olxu5w
47. 2/15/12 (SLOVENIA) Nova Ljubljanska Banka d.d. CEO Bozo Jasovic resigns
http://cli.gs/6olxu5w
48. 2/15/12 (KENYA) Govenor of Kenyan Central Bank Njuguna Ndung’u to Resign
http://cli.gs/bau9sue
49. 2/16/12 (UK) The Financial Services Authority Margaret Cole is to step down
http://cli.gs/4nkoven
50. 2/16/12 (GHANA) Databank Group Executive Chair Ken Ofori-Atta steps down
http://business.thinkghana.com/pages/finance/201202/57429.php
51. 2/16/12 (SAUDI ARABIA) Saudi Hollandi Banks Managing Director Geoffrey Calvert Quits
http://cli.gs/an8tv23
52. 2/16/12 (AUSTRALIA) ANZ Bank Australia CFO Peter Marriott resigns
http://cli.gs/twoigu
53. 2/16/12 (UK) Royal Bank of Scotland Sr Equities Trader Jason Edinburgh Arrested
http://cli.gs/nnlsmn3
54. 2/16/12 (UK) Royal Bank of Scotland director equities bus. Vincent Walsh director Arrested
http://cli.gs/nnlsmn3
55. 2/16/12 (UK) Marex Spectron senior trader Michael Elsom Arrested
http://cli.gs/nnlsmn3
56. 2/16/12 (AUSTRALIA) Royal Bank of Scotland Austrailan CEO Stephen Williams resigns
http://cli.gs/0d5ess
57. 2/17/12 (USA) Goldman Sachs CEO Lloyd Blankfein out as by summer
http://cli.gs/odkdp4r
58. 2/17/12 (SWITZERLAND) SNB Council President Hansueli Raggenbass resigns http://cli.gs/sa7djft
59. 2/18/12 (PAKISTAN) The Bank of Azad Jammu & Kashmir executive Zulfiqar Abbasi resigns http://cli.gs/ejjk61c
60. 2/20/12 (RUSSIA) Head of Russian Bank Regulator Gennady Melikyan Steps Down
http://cli.gs/92eda1a

61. 2/20/12 (SWITZERLAND) Credit Suisse Chief Joseph Tan resigns
http://cli.gs/xujb5lv
62. 2/20/12 (ISRAEL) Bank Leumi le-Israel Ltd: Zvi Itskovitch resigns
http://cli.gs/hogcc
63. 2/20/12 (USA) R. David Land Submits Resignation from the Boards of Directors of Peoples Bancorporation, Inc. and Seneca National Bank
http://cli.gs/k8jfru9
64. 2/20/12 (USA WA) First Financial Northwest Director Spencer Schneider Quits
http://cli.gs/2bmr72
65. 2/21/12 (ARGENTINA) Central Bank of Argentina (BCRA) Gen Mgr Benigno Velez, resigns
http://cli.gs/kik1ddd
66. 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Abdul Matlub resigns
conflict of interest with director seat on unknown bank
http://cli.gs/a7vvmb2
67. 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Selima Ahmad resigns
conflict of interest with director seat on unknown bank
http://cli.gs/a7vvmb2
68. 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Abdul Musabbir Ahmad resigns
conflict of interest with director seat on unknown bank
http://cli.gs/a7vvmb2
69. 2/21/12 (BANGLADESH) City General Insurance Co. Ltd director Geasuddin Ahmad resigns
conflict of interest with director seat on unknown bank
http://cli.gs/a7vvmb2
70. 2/21/12 (BANGLADESH) Social Islami Bank Limited director Taslima Akter resigns
conflict of interest with director seat on Eastland Insurance Company Limited
http://cli.gs/a7vvmb2
71. 2/21/12 (JAPAN) CITIBANK JAPAN: Bakhshi is taking over duties from Brian Mccappin, who the bank said in December would resign after the unit was banned for two weeks from trading tied to the London and Tokyo interbank offered rates.
http://cli.gs/uf759ex
72. 2/22/12 (USA) Goldman Sachs Hedge Fund Group Chief Howard Wietschner to Retire
http://cli.gs/ikvo80v
73. 2/23/12 (SOUTH AFRICA) Richard Gush resigns from Standard Bank
http://cli.gs/eq6pqbo
74. 2/23/12 (SCOTLAND) Royal Bank of Scotland Group director John McFarlane resigns. http://cli.gs/auxu10f
75. 2/24/12 (INDIA) Breaking: ICICI Bank GC Pramod Rao resigns
http://cli.gs/ege43r2
76. 2/24/12 (HONG KONG) Citigroup Pvt Bank Global Real Estate Kwang Meng Quek Resigns
http://cli.gs/li9sab1
77. 2/24/12 (NEW ZEALAND) FSF Executive Director Kirk Hope resigns
http://cli.gs/5u9i14e
78. 2/24/12 (USA) Evercore Partners Head Eduardo Mestre steps down
http://cli.gs/wnxafp9
79. 2/25/12 (AUSTRALIA AND NZ) Goldman Sachs Chairman Stephen Fitzgerald quits
http://cli.gs/7totmju
80. 2/27/12 (GERMANY) Deutsche Bank Americas chief Seth Waugh step

81. 2/27/12 (BAHRAIN) Khaleeji Commercial Bank CEO Ebrahim Ebrahim quits
http://cli.gs/wgyujp
82. 2/27/12 (FRANCE) Societe Generale’s Investment Banking Chief Michel Péretié Steps Down
http://cli.gs/rk0scap
83. 2/27/12 (MALAYSIA) Elaf Bank CEO Dr El Jaroudi resigns
http://cli.gs/52f6qqn
84. 2/27/12 (JAPAN) Nomura’s Head Of Wholesale Banking Jesse Bhattal Quits
http://cli.gs/h77yc60
85. 2/27/12 (INDIA) Kotak Mahindra Bank Ms Falguni Nayar Quits
http://cli.gs/kmjfmq
86. 2/27/12 (GERMANY) Equiduct chairman Artur Fischersteps down
http://cli.gs/rj2jp2b
87. 2/27/12 (BAHRAIN) – Mumtalakat Holding [Sovereign Wealth Fund] CEO Al Zain resigns
http://cli.gs/ci9s3fy
88. 2/27/12 (IRAN) Bank Melli CEO Mahmoud Reza Khaavari Resigns – Flees to Canada!
http://cli.gs/iodk071
89. 2/27/12 (IRAN) Bank Saderat CEO Mohammad Jahromi resigns
http://cli.gs/yi5c66
90. 2/27/12 (UK) Lloyds Banking Group Glen Moreno steps down
http://cli.gs/n50yxmw
91. 2/28/12 (HONG KONG) Hang Seng Bank CEO Margaret Leung Ko May-yee quits
http://cli.gs/wr3rgye
92. 2/28/12 (CHINA) Bank of China International ECM global head Marshall Nicholson quits
http://cli.gs/exrndtm
93. 2/28/12 (SINGAPORE) DBS security head Jim Pasqurell quits, cites health reasons
http://cli.gs/kkbp2bl
94. 2/28/12 (HONG KONG) Bank of America’s Asia-Pac. mrkts Brian Canniffe quits
http://cli.gs/yrklslj
95. 2/28/12 (BELGIUM) KBC’s CEO Jan Vanhevel is to retire after a career spanning 41 years.
http://cli.gs/35yjxi0
96. 2/28/12 (CANADA) Ontario Securities Commission chairwoman Peggy-Anne Brown quits
http://cli.gs/o6b5mo3
97. 2/28/12 (AUSTRALIA) Bank manager Colin John Carleton jailed nine years for $3m theft
http://cli.gs/x2t1wsm
98. 2/28/12 (SRI LANKA) Sri Lanka Com Bank CEO Amitha Gooneratne retires
http://cli.gs/jriaum5
99. 2/28/12 (SOUTH AFRICA) REDEFINE INCOME FUND director Gerald Leissner resigns
http://cli.gs/5d8qhmo
100. 2/29/12 (AUSTRALIA) Perpetual portfolio manager Matt Williams steps down
http://cli.gs/atner3
101. 2/29/12 (UK) Honister Capital CEO Richard Pearson steps down
http://cli.gs/kmqsson

 

Arrests and  Investigations

31. 2/02/12 (VENEZUELA) Banking Crisis Arne Chacon arrested for Banking Corruption
http://cli.gs/6p4qud9
53. 2/16/12 (UK) Royal Bank of Scotland Sr Equities Trader Jason Edinburgh Arrested
http://cli.gs/nnlsmn3
54. 2/16/12 (UK) Royal Bank of Scotland director equities bus. Vincent Walsh director Arrested
http://cli.gs/nnlsmn3
55. 2/16/12 (UK) Marex Spectron senior trader Michael Elsom Arrested
http://cli.gs/nnlsmn3

97. 2/28/12 (AUSTRALIA) Bank manager Colin John Carleton jailed nine years for $3m theft
http://cli.gs/x2t1wsm

Thanks to Cheryl Nelson  of   http://earthchanges.ning.com/ for the compilation of  this information in one place.