As ash from Iceland’s Eyjafjallajokull volcano continued to keep European airspace shut down over the weekend, affecting millions of travelers around the world, some government agencies and airlines clashed over the flight bans. Some restricted airspace is now beginning to open up and some limited flights are being allowed now as airlines are pushing for the ability to judge safety conditions for themselves. The volcano continues to rumble and hurl ash skyward, if at a slightly diminished rate now, as the dispersing ash plume has dropped closer to the ground, and the World Health Organization has issued a health warning to Europeans with respiratory conditions. Collected here are some images from Iceland over the past few days. (35 photos total)
The ash plume of southwestern Iceland’s Eyjafjallajokull volcano streams southwards over the Northern Atlantic Ocean in a satellite photograph made April 17, 2010. The erupting volcano in Iceland sent new tremors on April 19, but the ash plume which has caused air traffic chaos across Europe has dropped to a height of about 2 km (1.2 mi), the Meteorological Office said. (REUTERS/NERC Satellite Receiving Station, Dundee University, Scotland) #
And Jesus went into the temple of God, and cast out all them that sold and bought in the temple, and overthrew the tables of the car salesmen, and the seats of them that sold undercoating and extended warranties which are always a ripoff, and said unto them, It is written, My house shall be called the house of prayer; but ye have made it a den of Sunday Sale-a-thon with ungodly low APRs and manufacturers cash-back deals that will lead the flock to temptation and also free balloons for the kids.
Afterwards, I joked with colleagues about scrapping our entire English placement procedure and just asking students, as they registered, to identify Charles Lindbergh. If they couldn’t, they’d be placed in developmental English.
Accusations that Goldman defrauded customers who bought investments tied to risky subprime mortgages have only just begun to reverberate through the financial world.
The civil lawsuit that the Securities and Exchange Commission filed against Goldman on Friday seemed to confirm many Americans’ worst suspicions about Wall Street: that the game is rigged, the odds stacked in the banks’ favor. It is the first big case — but probably not the last, legal experts said — to delve into a Wall Street firm’s role in the mortgage fiasco.
Still, Wall Street analysts said Goldman and other banks, having navigated the financial crisis, might now face a new kind of risk: angry investors. Most major Wall Street banks also created collateralized debt obligations, which are at the heart of the Goldman case. C.D.O.’s, which are essentially bundles of securities backed by mortgages or other debt securities, turned out to be among the most toxic investments ever devised.
“Any investor who bought these C.D.O.’s and lost a significant amount of money is probably looking at their investment and wanting to know: what were the details behind the sale?” said William Tanona, an analyst at Collins Stewart. “Will they contact the S.E.C. and say, ‘Here’s the transaction we participated in, and we’d love to know who is on the other side of it?’ ”
The S.E.C. complaint named just one Goldman employee: Fabrice Tourre, a vice president in the bank’s mortgage operation who worked on the questionable transaction.
But securities lawyers say Mr. Tourre appears to be a small fish. Federal investigators may try to gain his cooperation and extend their investigation to other Goldman employees. On Friday, Mr. Tourre’s lawyer did not provide a comment on the complaint.
A big question is how far up this might go. The S.E.C. said the deal in its complaint had been approved by a panel at Goldman, the Mortgage Capital Committee.
“It’s typical that they’d start with someone lower down on the chain and try to exert pressure on that person,” said Bradley D. Simon of Simon & Partners, a white-collar defense lawyer in New York. “Is it really conceivable that no one else was involved in this?”
Gerhard Gruber was Joseph Ratzinger’s general vicar in Munich during the 1980s, when Ratzinger, now Pope, was Archbishop.
Ratzinger chaired the meeting which decided to offer paedophile priest Peter H., a safe haven in Munich. The priest was also given further positions of trust in the church, and was later convicted of further child abuse.
Gruber’s friends have told Der Spiegel news magazine that when the story came to light last month, he was under immense pressure to take responsibility for the decision in order to shield the Pope from accusations of having helped a paedophile.
The magazine wrote that he was urgently “requested” to take full responsibility in order to take the Pope “out of the firing line.”
He wrote in a letter to a friend that he had been faxed a statement that he was to make, though he had been given the opportunity to suggest changes.
Gruber issued a statement in March which said, “The repeated employment of H. in priestly spiritual duties was a bad mistake. I assume all responsibility.”
The implication from the bishopric that Gruber had acted alone in offering help to the paedophile priest, and not turned him over to the police, has greatly upset him, the magazine wrote.
An Australian publisher has had to pulp and reprint a cook-book after one recipe listed “salt and freshly ground black people” instead of black pepper.
Penguin Group Australia had to reprint 7,000 copies of Pasta Bible last week, the Sydney Morning Herald has reported.