Banks face billions more in Libor losses

Jul 16, 2012 by

Banks implicated in the Libor-fixing scandal will likely take billions more in losses as a result of pending litigation and regulatory penalties, according industry analysts at Morgan Stanley.The analysis — which the authors admit is crude — is based in part on the experience of Barclays, the British bank which admitted that its staffers attempted [...]

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It’s Still A Bob Or Two: Diamond Gives Up £20m Payout – But Still Gets £2m In Benefits

Jul 10, 2012 by

In the wake of the rate-rigging scandal, former Barclays boss Bob Diamond has voluntarily waived a £20m bonus package – but will still walk away with £2m in benefits. See it on Scoop.it, via Mindscape Magazine

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GlaxoSmithKline to pay $3bn in US drug fraud scandal

Jul 05, 2012 by

GlaxoSmithKline GSK is to pay $3bn £1.9bn in the largest healthcare fraud settlement in US history. The drug giant is to plead guilty to promoting two drugs for unapproved uses and failing to report safety data about a diabetes drug to the Food and Drug Administration FDA. The settlement will cover criminal fines as well [...]

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Corrupted and Evasive Language Now a Core Template of Our Social Behaviors

Mar 12, 2012

Though I was fairly young at the time, I will always remember the moment in the Spring of 1973 when Nixon’s Press Secretary, Ron Ziegler, tried to explain away his and his bosses previous lies about the fast-progressing Watergate scandal with the words, “mistakes were made”. See it on Scoop.it, via Mindscape

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Charlie Brooker’s 2011 Wipe

Feb 18, 2012

Brooker takes a satirical look back at the events of the past 12 months, a year that included weddings both royal and gypsy, as well as riots across England and Wales, the phone-hacking scandal and the TV debut of Desperate Scousewives. With contributions by American stand-up Doug Stanhope, Brian Limond, and Adam Curtis. See it [...]

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The Vatican Exorcist Wants to Exorcise Yoga

Dec 08, 2011

Yoga is satanic, says Father Amorth, “just like reading Harry Potter.” Well, what do you expect from a destroyer of demons who sees his Church’s child molestation scandal as proof that the anti-Christ has infiltrated its ranks.   The Vatican’s former chief exorcist believes that yoga is the Devil’s work because “you think you are [...]

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