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Showing posts from July 7, 2012

Lies, damned lies, and LIBOR: Barclays, Diamond, and a devalued benchmark ...

The story of how Barclays tried to rig an interest rate benchmark called LIBOR, which cost CEO Robert Diamond his job today, may seem obscure. 


But it's the latest evidence of bankers taking every inch regulators leave to them.






By Dan Murphy, Staff writer / July 3, 2012











A view of Barclays headquarters at London's Canary Wharf financial district, Tuesday, July 3. Barclays Chief Executive Bob Diamond resigned from his job Tuesday after a storm of press and public outrage.








Lefteris Pitarakis/AP







A pattern of deception extending over a period of years. A flouting of the law to profit at the expense of others on three different continents. And a belief that the rules did not apply to them.







Barclays scandal prompts furious public backlash in Britain




Former Barclays CEO Robert Diamond complains about unfair public perceptions of bankers in 2009.

No, not the latest mafia family to be taken down by a special prosecutor. But Barclays PLC, the sprawling British banking group that recently paid a …

"JUST THE BEGINNING": Neither the Maya Calendar--nor the World--Ends on December 21, 2012 ...

Image: Flickr/Joseph A. Ferris III (Aztec stone of the sun, left), Amaury Laporte (Maya statue, right)




Permanent Address: http://www.scientificamerican.com/article.cfm?id=neither-maya-nor-world-calendar-ends-december-21-2012







This year's doomsday angst owes much to public ignorance about pre-Columbian civilizations






By Erik Vance | Friday, July 6, 2012 | 26








It's a bright summer day at the National Museum of Anthropology in Mexico City. Outside, in the sprawling front plaza rimmed by palm and willow trees, young couples cuddle by the steps, vendors sell wrestling masks and tacos, and five men dressed in traditional Totonac garb slowly spin upside down in the death defying "Dance of the Flyers" for the tourists.




Inside the museum is a wonder of culture and history. Each wing is dedicated to a separate civilization in Mesoamerican culture—one for the Toltecs, another for Teotihuacan. But the largest spaces are reserved for the Aztecs and Maya. And in the center of the buildin…

COAST IS CLEAR THIS WEEKEND: NO TROPICAL STORMS IN SIGHT ...

On this Saturday, there are no systems across the Atlantic basin that have any potential for tropical cyclone development during the next 48 hours.




Get the latest on the tropics anytime by visiting the NHC website at www.hurricanes.gov

FOOD NEWS Commentary for July 06, 2012 ...

Juice in one form or another

Friday July 06 2012









THE publication of two recent reports on opportunities in the beverages market has highlighted the way some people in the industry are thinking, and the way the industry might be moving.



I refer, of course, to the very thought-provoking Döhler presentation at the recent British Fruit Juice Association Symposium, and the even more recent Datamonitor report on developments in the carbonated soft drinks sector. In both cases, we have the proposition (more muted in the Datamonitor report, but there nonetheless) that the immediate future of fruit juices, in some key markets, lies in the use of juices as ingredients rather than as 100% juices for drinking.




The reasons for this are partly economic, partly practical and partly to open up new markets driven by innovation.




The world is still in an economic crisis. Some countries are recording good growth figures – India and Brazil spring to mind – but others, like China, have seen growth slow down, a…

"W" : George W. Bush Focuses On Quiet Service After Presidency ...

George W. Bush Focuses On Quiet Service After Presidency









In Zambia, Bush Joins Fight Against Cervical Cancer



Brian Padden

July 04, 2012




LUSAKA — Former President George W. Bush has kept a relatively low profile in the United States since leaving office. But in Africa this week he is publicly promoting his institute's initiative to prevent and treat cervical cancer. While Bush is following a familiar post-presidential path in supporting humanitarian causes, he would prefer to focus on quiet service, to lead through example and hard work.




He worked alongside other volunteers in Kabwe - Zambia's second-largest city - to renovate a health clinic which specializes in the early detection and treatment of cervical cancer.




“You're always the former president but I wanted to come here as a laborer...I do want to say that on this particular trip that myself and friends have left behind a clinic and hope to inspire others to come and refurbish clinics as well,” Bush said.




Bush is helping …

RAW: THE HEALING POWER OF FRUIT ...

Thought for the Day ....

Spain: Trops to double mango production this season ...

Mango production in Axarquía will reach avocado's in four years






Trops cooperative from Vélez Málaga, estimates that, for this season, it will double the mango production, going from 4,000 tons to about 9,000 tons, with a turnover of about 14 million Euro, double of last year.





According to Trops manager, Enrique Colilles, in the "IX Technical Journeys for Mango and Avocado", celebrated yesterday in the Palace of Beniel de Vélez Málaga. The increase is due to weather conditions and the new plantations that just started. The campaign for this fruit starts at the end of July, the strongest months being September and October, ending in November.






"Moreover, thanks to new facilities, we will triple our production volume," according to Colilles, who underlined that Axarquía is making avocado and mango seasonal products, "since our quality is superior to any other country."




"Mango produced here is of superior quality when compared to the ones from other areas…