scandal

La-La Libor Lawsuit Land

Submitted by on

Another bank ripoff and another lawsuit dismissed.  The Libor manipulation scandal spurred private investors and others to sue the banks over their losses.  A judge just threw out major portions of their case.  There were at least 22 Plaintiffs.  Now groups like the City of Baltimore are out of luck in recovering all of their losses due to banks manipulating a key interest rate.

Dow Jones-Wall Street Journal Head Drawn Into Murdoch UK Phone Jacking Scandal

Optimized-littlecaesar.png

Les Hinton is the chief executive of Dow Jones and the publisher of the Wall Street Journal, the most prestigious and valued media holdings of Rupert Murdoch's News Corporation media empire. Hinton is implicated as a key player in at least the cover up of illegal break-ins involving hundreds of voice mail accounts belonging to news worthy British citizens high and low. Hinton was chairman of News International, the parent company of Murdoch's London tabloids and newspapers (including the Times of London), at the time of the illegal activities and police investigations. (Image)

What Happened Under Hinton's Reign?

The UK phone jacking scandal started in 2007 when news broke that the News of the World, London's leading tabloid, had been breaking into to voice mail accounts of prominent British citizens: 
UPDATE  July 15  Dow Jones CEO - Wall Street Journal Publisher Les Hinton Resigns - CBS News, July 15
 
 

A Weiner in Hand

Michael Collins


Optimized-weiner(1).png

If you're in the retail business, it's all about packaging. If you're in wholesale, it's about volume. If you're Congressman Anthony Weiner, it's about the double game of liberal packaging without the throw weight to justify the image.

I managed to get through the last few days without much information on Weiner's Tweets. etc. As I exited the corporate media's fantasy land a few days ago, I saw a clip of Weiner with a shit eating grin on his face. He was trying to act like an “adult” (i.e., a pol like Cheney who lies without blinking).

Weiner asked that people not make more out if his situation than was actually there. I thought he's lying as I left the virtual world for some pressing business. Upon my return, I saw just enough to let me know that the congressman was the subject of the much discussed underwear shot heard round the world.

What difference does it make? None, really. It's just another distraction in the nonstop series of distractions fueled by corporate media in an attempt to keep us from the more vital issues. Why are there only four million more jobs today than there were in 2000? How are citizens supposed to stay healthy, even alive, when the cost of health care is through the roof? Is there any reason for those 80,000 United States troops in Afghanistan or the 700 overseas US military installations?