themcglynn.com

30 Jun

Events of Interest and Analyses, A Foreign Perspective

News

News


Mohamed Morsi sworn in as Egypt’s President

He becomes the country’s first freely elected leader, succeeding Hosni Mubarak who was toppled 16 months ago.
Last Modified: 30 Jun 2012 11:20 GMT

Middle East

Obama tours carnage of deadly US wildfire

Hundreds of homes destroyed and tens of thousands evacuated as at least 40 wildfires continue to rage across western US.
Last Modified: 29 Jun 2012 19:15 GMT

Americas

Political finger-pointing on Capitol Hill

By Kimberly Halkett

He is the first attorney general in US history to ever be found in contempt of Congress. On Thursday, the US House of Representatives voted overwhelmingly to find the nation’s top law enforcement official, Eric Holder, in civil and criminal contempt………………………..

Militarising education in Israeli schools

 Jillian Kestler-DAmours29 Jun 2012 20:18 GMT
Textbooks with nationalist themes are helping prejudice to grow in the classroom, say analysts.

Should Israeli girls be prevented from associating with Palestinians?

This was among the questions asked in a new study guide for the end-of-year high school civics exam in Israel, prepared by a private company and approved by the country’s ministry of education.

One of the proposed answers was that Israeli girls should stay away from Palestinians, because “Arab youths pose a threat to the lives of Jewish girls” and because “relationships between male Arab youths and female Jewish youths pose a threat to the Jewish majority in the country”……………………….

 Justin Cartwright: If banks have values, they are greed, hubris and sheer
brass neck

 

The cry that goes up in dealing rooms when a trade is bad is ‘OPM’ – other people’s money

Justin Cartwright

Friday, 29 June 2012

Bob Diamond, the CEO of Barclays, said not so long ago: “There was a period of remorse and apology for banks, and I think that period needs to be over.” It was a strange pronouncement, both self-serving and ungrammatical, and its message was “business as usual”……………

This sounds to me like a roundabout way of saying when they were caught out they decided to come clean. The bank has, apparently, given plenty of information to the FSA and the SEC, the regulators in the US, presumably in hopes of leniency. I don’t know if the £290m fine is considered lenient, but these offences took place between 2005 and 2009 when Bob Diamond was head ofBarclays Capital, which was supposed to oversee t hese practices…………….

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