Tag Archives: 01 December 2013

DerSpiegel – Harald Welzer – Climate Summit Trap: Capitalism’s March Toward Global Collapse – 9 December 2013

spiegelonlineThe Warsaw conference demonstrated that the “climate summit” model is broken and, more importantly, that capitalism itself is driving us to the brink. Protests are not the solution — it’s time to fight the system using its own weapons.

The municipal utility company in the city of Potsdam is currently wooing new customers with a special “BabyBonus” offer. The slogan reads, “We value little energy robbers! Welcome to the world!” Every newborn receives a credit of 500 kilowatt hours of electricity, allowing him or her to revel from the start in a world where everything, especially energy, will always be available in abundance. These babies may later find they’re in for a surprise.

Read the whole article at: www.spiegel.de/ link to orignal article

Police In Thailand Lay Down Weapons And Join With Protestors – 8 December 2013

True Activist

By: Amanda Froelich,

Earlier this week in Thailand, a shocking turn of events took place. Ordered to harass and block protestors , policemen instead yielded to the peaceful riot by laying down their barricades and helmets as a sign of solidarity

Read the whole story including video at: www.trueactivist.com / link to original article

Europe Fines 8 Banks €1.7 Billion For Rate Rigging In Largest Ever Cartel Penalty In History – 4 December 2013

ZeroHedgeAnother day, another confirmation of not only manipulation by the largest TBTFs in the largest market in the world, this time focusing in Europe, but pervasive collusion. Moments ago EU regulators fined 8 banks €1.71 billion for colluding in an attempt to manipulate key benchmark rates, which is also the EU’s largest ever penalty in a cartel case. The banks participating in the settlement include some of the world’s biggest banks such as Deutsche Bank, Société Générale SA, Royal Bank of Scotland Group PLC and J.P. Morgan Chase JPM. According to WSJ calculation, this latest action brings to roughly €6 billion the total penalties levied by regulators against financial institutions in connection with probes into manipulation of the London interbank offered rate, or Libor, and other widely used financial benchmarks.

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