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Europe strikes deal to push cost of bank failure on investors

By John O'Donnell and Robin Emmott

June 26,2013 Reuters

BRUSSELS (Reuters) - The European Union agreed on Thursday to force investors and wealthy savers to share the costs of future bank failures, moving closer to drawing a line under years of taxpayer-funded bailouts that have prompted public outrage.

 

After seven hours of late-night talks, finance ministers from the bloc's 27 countries emerged with a blueprint to close or salvage banks in trouble. The plan stipulates that shareholders, bondholders and depositors with more than 100,000 euros ($132,000) should share the burden of saving a bank.

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Relief Efforts Stepped Up After India Flooding

Voice of America - voanews.com - Anjana Pasricha - June 26, 2013

Damaged houses by River Ganges in Guptkashi, India, June 23, 2013.

Damaged houses by River Ganges in Guptkashi, India, June 23, 2013

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Egypt Morsi Protests: Army Ready To Save Nation From Dark Tunnel, Defense Minister Says

           

Egyptian President Mohamed Morsi (C), Defence Minister Abdelfatah al-Sissi (R) and Prime Minister Hisham Qandil (L) arrive at Almaza military Airbase in Cairo on May 22, 2013 to attend the welcoming of the policemen and soldiers who were seized in Sinai by kidnappers following their release. (AFP)

huffingtonpost.com - by Hamza Hendawi - June 23, 2013

CAIRO — Wading into an increasingly volatile fray, Egypt's military on Sunday gave the nation's Islamist rulers and their opponents a week to reach an understanding before planned June 30 opposition protests aimed at forcing out the president, in a toughly worded warning that it will intervene to stop the nation from entering a "dark tunnel."

The powerful military also gave a thinly veiled warning to President Mohammed Morsi's hard-line backers that it will step in if the mostly secular and liberal protesters, who have vowed to be peaceful, are attacked during the planned demonstrations.

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EcoAméricas

ecoamericas.com

EcoAméricas covers development and the environment in Latin America for an international audience of businesses, NGOs and public agencies.

Published by Fourth Street Press, an independent corporation in Beverly, MA, EcoAméricas provides continuing, objective coverage at a time when reporting on Latin American environmental issues has been piecemeal at best--and too often biased by competing agendas.

Every month, EcoAméricas draws on a network of experienced correspondents in the region to produce a concise, 12-page report. All articles include detailed contact and resource information.

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(VIEW MAY 2013 NEWSLETTER)

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Big Oil Gets a Much Needed Reality Check

      

ecowatch.com - May 16, 2013

Launching today in Canada, Europe and the U.S., TarSandsRealityCheck.com presents up to date, accurate facts about Alberta’s tar sands to counter the high-level pro-oil sands lobbying ongoing in Canada, the U.S. and Europe around the Keystone XL tar sands pipeline, and Europe on the Fuel Quality Directive.

The digital campaign launches the same day Canadian Prime Minister Harper is expected in New York to address the Council of Foreign Relations and promote the tar sands and the Keystone XL pipeline. It also comes just days after the Canadian government launched a new website as part of its massive pro-tar sands PR campaign.

For the first time, world renowned economists, scientists and academics, including Dr. Thomas Homer-Dixon from the University of Waterloo and Dr. Danny Harvey from the University of Toronto, have come together to present peer-reviewed, easy to understand facts about the tar sands that counter misinformation spread by the oil industry’s glossy PR machine.

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Canada Outlaws Wearing of Masks at Unsanctioned Government Protests: Punishing Dissent

MARK KARLIN, EDITOR OF BUZZFLASH AT TRUTHOUT

Friday, 21 June 2013 16:13

The conservative Canadian government, as of June 19, has made the wearing of a mask during an "unlawful assembly" a crime punishable by up to 10 years in prison...

FULL ARTICLE HERE

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Shifting gears to accelerate shared prosperity in Latin America and Caribbean

documents.worldbank.org - June 1st, 2012 - Louise J. Cord, Leonardo Lucchetti, Carlos Rodriguez-Castelan

Latin America and the Caribbean (LAC) have made laudable progress in the past fifteen years in reducing poverty, building the middle class and promoting prosperity for all levels of society. Extreme poverty, defined in this region as life on less than $2.50 a day, has declined by half, while in 2011, for the first time in recorded history, the LAC region had a larger number of people in the middle class than in poverty. Across this region of close to 600 million people, the poor have been gaining faster than the already well off.

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Economist Peter Schiff Forecasts Second Crisis to Hit Around 2013

Peter Schiff

Image: Peter Schiff

ivn.us - October 28th, 2012 - W. E. Messamore

Do a YouTube query for “peter schiff was right” and you’ll find dozens of videos with montages of the investment broker and financial commentator making accurate predictions about the financial crisis that struck in 2007 while other analysts not only disagree, but insinuate that Schiff’s predictions were completely nuts.

In one particular video, uploaded in November of 2008 and clocking in at over 2 million views, it’s easy to see what an independent voice Peter Schiff is in the realm of economic analysis and forecasting. Schiff– a Republican who sought out his party’s nomination during Connecticut’s 2010 U.S. Senate race, a self-described capitalist who believes in free-market economics, and who says he’s proud to be a member of “the 1%”– spends most of that particular video montage arguing with many respected Republican analysts as they deride his predictions and say that the economic boom would continue with no end in sight.

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Video - Dr. Michael D. McDonald - The Resilience Systems - Conversations With Great Minds - The Big Picture With Thom Hartmann

CLICK HERE - The interview with Dr. Michael D. McDonald begins at the 30:00 mark.

http://www.youtube.com/TheBigPictureRT

Thom Hartmann of The Big Picture interviews Dr. Michael D. McDonald in a segment of Conversations With Great Minds.  This interview focuses on the Resilience Systems.  What is resilience?  Why is it important?  An important discussion on resilient communities and networks is included.

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