Daily Archives: April 28, 2014

UK Councils Have ‘Conflict Of Interest’ On Fracking – Report – 28 April 2014

RT logoLocal authorities in the UK who play a significant part in deciding the future of fracking in the country have made indirect investments in energy companies who would be responsible for drilling and extraction projects, the Independent reports.

Councils that have been picked out as responsible for potential fracking areas have assets in firms by way of their pension funds, according to the report published late on Sunday.
The newspaper pointed out that Lincolnshire County Council’s pension fund has 1.9 million pounds ($3.2 million) invested in French company, Total. Total was the first major oil company to make incursions into Britain with the intention of seeking shale gas profit.

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US-Based Ex-Barclays Staff Charged By UK In Libor Scandal – 28 April 2014

RT logoThe UK filed its first criminal proceedings against scandal-struck US-based Libor traders on Monday over the alleged rigging of global benchmark interest rates. Three former Barclays traders are to be charged, according to the UK’s Serious Fraud Office.

Jay Vijay Merchant, Alex Julian Pabon and Ryan Michael Reich are the three former New-York based Barclays employees who have been charged by the Serious Fraud Office (SFO) with conspiracy to defraud.
“He is not guilty of this offense and will vigorously contest these allegations at his forthcoming trial,” British law firm Hickman & Rose, which is representing Reich, said in a statement. The lawyers for the remaining two men were not available for comment, reported Reuters.

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Internet Explorer Users Risk Having Their Computers Taken Over – 28 April 2014

RT logoA major security flaw affecting several versions of Microsoft’s Internet Explorer web browser was discovered over the weekend, and the percentage of computer users that could be compromised by the exploit is absolutely staggering.

Bill Gates’ Microsoft Corp. announced on Saturday that Internet Explorer versions 6 through 11 are all vulnerable to a glitch that when properly exploited can give hackers remote access to a victim’s computer.

When combined, versions nine through 11 of the browser accounted for 26.25 percent of all web traffic in 2013, security firm FireEye claimed over the weekend. If all vulnerable versions are accounted for, however, then upwards of 56 percent of the browsers currently in use around the world are reportedly in danger of being exploited.

Read the full story at: www.rt.com / link to original article

Anti-Kiev Protesters Barricade City Hall In Eastern Ukraine – 28 April 2014

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Anti-government protesters have seized administrative buildings, including the City Hall and prosecutor’s office in yet another city in Donetsk region, eastern Ukraine. Protesters announced an indefinite rally and are erecting barricades.

On Monday morning, a group of armed men wearing camouflage were reported to have taken control of a police office in the city of Konstantinovka, some 60 kilometers from Donetsk. No violence was reported during the takeover.

Local police confirmed that a group of armed men entered the building, but deny the fact that it was seized and insists that the police office is working as usual.

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ZeroHedge – The Elephant In The Room: Deutsche Bank’s $75 Trillion In Derivatives Is 20 Times Greater Than German GDP – 28 April 2014

ZeroHedgeIt is perhaps supremely ironic that the last time we did an in depth analysis of Deutsche Bank’s financial situation was precisely a year ago, when the largest bank in Europe (and according to some, the world), stunned its investors with a 10% equity dilution. Why the capital raise if everything was as peachy as the ECB promised it had been? It turned out, nothing was peachy, and in fact DB would proceed to undergo a massive balance sheet deleveraging campaign over the next year, in which it would quietly dispose of all the ugly stuff on its balance sheet during the relentless Fed and BOJ-inspired “dash for trash” rally in a way not to spook investors about everything else that may be beneath the Deutsche covers.

Read the full story at: www.zerohedge.com / link to original article

ZeroHedge – Goldman Sachs Strongly Suggests Clients Sell Them Their Treasury Bonds – 28 April 2014

ZeroHedgeThe last time Goldman Sachs urged clients to “sell”, it was gold – and in the next quarter, they were the largest acquirer of the precious metal via ETFs. So when the muppet-murdering bank suggests this morning that, while “we have been caught in choppy action” there is a slow awakening of Treasury bears and recommends shifting from a neutral to short-duration position in bonds… one can’t help but wonder just what the bank will do with all the bonds clients sell to them…

Read the full story at: www.zerohedge.com / link to original article

James Corbett – The Corbett Report – Interview 868 – The Power Hour: Of Boogeymen And Billionaires – 28 April 2014

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James joins Joyce Riley for his twice-monthly appearance on The Power Hour radio show. This time they discuss the geopolitical and economic ramifications of the Ukraine crisis, the creation of the Russian boogeyman, Obama’s Asia visit and Russia’s pivot to China. We also take your calls and discuss the latest Bitcoin news. Continue reading