Compliance chief at Europe’s largest bank quits over US inquiry that revealed porous anti-money laundering practices. The head of compliance at HSBC has resigned from his position and apologized after a US senate investigation found that Mexican drug cartels laundered billions of dollars through its US division. David Bagley told the senate investigations panel on Tuesday […]
A crew from Global News caught a landslide in British Columbia on camera. This post was submitted by CNN / IM.
Egyptian protesters threw tomatoes and shoes at U.S. Secretary of State Hillary Clinton’s motorcade Sunday and shouted, “Monica, Monica, Monica” as she left the newly reopened U.S. Consulate in Alexandria. Clinton said she was in the city to answer critics who believe Washington has taken sides in Egyptian politics. There were already vocal protesters at […]
Unbelievable Singing Parrot This post was submitted by Grupapa.
The U.S. Olympic Committee says it is too late to remake uniforms that sport “Made in China” labels for the London Games, though vowed Team USA would march in clothing made in America during the opening of the 2014 Winter Games. The announcement Friday was an about face by the USOC a day after it […]
President Obama calls on Congress to act now to extend tax cuts for the 98 percent of Americans making less than $250,000 for another year. This post was submitted by The White House / IM.
Last December, a purported Islamic fighter called Amir Ghrozni posted a cryptic message on a password-protected website connected to al Qaeda. “London, perhaps the punishment is near,” the message said. “Await the glad tidings, as we will never calm down.” Similar threats to the 2012 Olympic Games, which begin in London on July 27, have […]
Failure to issue joint statement marks sharp deterioration in efforts to cool territorial tensions in South China Sea. Days of heated diplomacy at Southeast Asian talks have ended in failure, as deep splits over China prevented the ASEAN grouping from issuing its customary joint statement for the first time. The Philippines lambasted the failure at […]
This week the President signed the MAP-21 Act to extend funding for transportation infrastructure projects and stopped student loan interest rates from doubling. He also urged Congress to cut taxes for the middle class while the White House announced the 2012 Save Award initiative and played host to a Google+ Hangout. […]
A delegation from the Minahasa region of Indonesian spent Monday touring Cecil County and learning about the area’s agriculture, economy and public institutions. The trip was part of an ongoing effort to form a friendship and economic partnership between the two entities. Mie Mie Joe Strickler, a county resident who was born in Indonesia, suggested […]
San Bernardino, hit hard by recession, is third city in the state to go bust this year Investors in the US appear to have shrugged off news that the city of San Bernardino has voted to file for bankruptcy. The city, 80km east of Los Angeles, had already slashed salaries and cut 20 per cent of […]
July 2012: Photo of the Day This post was submitted by The White House / IM.
Millions of consumers and small businesses around the world have been vaguely familiar with Libor, the benchmark rate used by banks to set interest rates for loans. In recent weeks, those borrowers have heard more about Libor — and what they’ve heard is scary. A scandal sparked by the revelation that Barclays (BCS) manipulated Libor […]
It appeared as a faint fleck to scientists using the Hubble Space Telescope to scout out the ex-planet’s neighbourhood. Pluto may have been kicked out of the planet club, but it has gained yet another companion. Scientists announced on Wednesday the discovery of the smallest moon yet around the icy orb, bringing the count of […]
Half a million people were reportedly killed in one of this century’s ‘bloodiest tragedies’. A new report is expected to accuse the Indonesian government of atrocities during its anti-communist purge 50 years ago. An estimated 500,000 people were killed in the violence perpetrated by soldiers and youth groups. Some of the victims and their families […]
As we’ve been talking about President Obama’s plan to make it easier for responsible homeowners to refinance, we’ve heard many different questions about the process. So we’ve set up a special online event with the U.S. Secretary of Housing and Urban Development, Shaun Donovan, to answer your questions and go over the issue in detail. This […]