Public anger over the financial crisis is wrong and must not lead Britain to “hang bankers at the end of the street,” Tony Blair says.
Mr Blair’s intervention is likely to prove controversial because of his commercial interests since leaving Downing Street five years ago. He is an adviser to JP Morgan, a US investment bank; Zurich, a Swiss financial firm; and has clients, including several governments, which are said to deliver an annual income of about £20 million.
Britain has launched its biggest peacetime security operation ever ahead of the opening of the Summer Olympics. Nearly 20,000 armed forces personnel are now providing security — almost double the number of British troops currently serving in Afghanistan. The Olympic Games are estimated to cost British taxpayers a staggering $17 billion. At the same time, Brits near the Olympic Park have been subjected to sweeping censorship laws enacted by their government at the behest of the International Olympic Committee. Meanwhile, activists are outraged that the Olympics’ long list of sponsors include companies such as Dow Chemicals and BP. They say the corporations’ human rights records are at odds with the Olympic ideals of global peace and goodwill. We go to London to speak with Jules Boykoff, a professor and author who is currently writing a book on dissent and the Olympics. He played for the U.S. Olympic soccer team in international competition from 1989-1991.
Sure. Well, the sponsors are the elites of the global elite from corporate—the corporate world, so you have Coca-Cola, McDonald’s, Cadbury. These aren’t exactly the firms you might think of when you think of elite athleticism. You’ve got all of them. They started a new thing in London called “sustainability partners.” And somewhat unbelievably, one of the sustainability partners is actually BP, which you mentioned at the outset, also EDF Energy, which is a big pusher of nuclear power here in Europe.
This is what I learned: he was working at this, too. Death didn’t happen to Steve, he achieved it.
The chances of Greece leaving the euro in the next 12-18 months have risen to about 90 percent, U.S. bank Citi said in a report on Thursday, saying Athens was most likely to quit the single currency within the next two to three quarters.
Andre Hedrick, a principal engineer and operating system architect at Cisco Systems and a Linux kernel contributor, has died. He leaves behind a wife, four young children and many friends.
Andre made a significant contribution to personal computing history in a way few people fully realise.
At a recent press conference in Paris, Swedish soccer star Zlatan Ibrahimovic announced that a French team had signed him for about $17 million a year.
Soccer salaries often cause controversy, but Ibrahimovic’s created an instant scandal.
The next morning President Hollande had his deputy budget minister Jerome Cahuzac go on French radio, to denounce the record pay-out as indecent.
The French government’s reaction won’t just be indignation. If Hollande has his way, Ibrahimovic will get socked with a 75 percent income tax on his new mega-salary. Same goes for anyone earning more than about $1.2 million a year in France.