Economy
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A Huge Break in the LIBOR Banking Investigation | Matt Taibbi
Oli Scarff/Getty Images June 28, 2012 (Rolling Stone) -- This is a huge story: On Wednesday, Barclays won the race to reach a deal with U.S. and British regulators, beating UBS, which was reportedly ...
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Is Your Mortgage Payment Based on Lies? | Mark Whitehouse
Jun. 27, 2012 (Bloomberg) -- Anyone who thinks it's a good idea to trust a group of banks in London to set a benchmark borrowing rate that affects the value of some $360 trillion in mortgage loans, ...
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Barclays Reduced Libor After October 2008 Bank of England Call | Joshua Gallu
Jun. 27, 2012 (Bloomberg) -- Barclays Plc (BARC) deliberately reported artificially low borrowing costs at the height of the 2008 financial market turmoil after a senior manager discussed external ...
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Barclays Fined by U.K., U.S. for Falsifying Libor Rates | Lindsay Fortado and Silla Brush
Jun. 27, 2012 (Bloomberg) -- Barclays Plc (BARC) was fined 290 million pounds ($451.4 million), the largest penalties ever imposed by regulators in the U.S. and U.K., after admitting it submitted ...
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Banker to the Bankers Knows the Numbers Are Lying | Jonathan Weil
June 28, 2012 (Bloomberg) -- The Bank for International Settlements, which acts as a bank for the world’s central banks, should know fudged numbers when it sees them. What may come as a surprise is ...
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Life After Debt: We Don't Need Your Education | Mickey Z.
Photo credit: Mickey Z. Mickey Z. -- World News Trust June 30, 2012 “Usually when you ask somebody in college why they are there, they'll tell you it's to get an education. The truth of it is, they ...
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PILLOW TALK: Totally, Locally | Deborah Goodwin
June 25, 2012 (ShapeShiftas) -- Yesterday, the Garden Goddess Suzanne gave me two beautiful heads of Napa cabbage that I bet would go for $10 each in Whole Foods. She claimed that she has so many ...
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The Twilight Of Investment | John Michael Greer
June 20, 2012 (Archdruid Report) -- It’s been a few weeks since the conversation on this blog veered away from the decline and fall of American empire to comment on points raised by the recent Age ...
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Silent Spring For Us? | Paul Craig Roberts
June 19, 2012 (PaulCraigRoberts) -- With her 1962 book, Silent Spring, Rachel Carson got DDT and other synthetic pesticides banned and saved bird life. Today it is humans who are directly threatened ...
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Another World Is Possible: Build It And They Will Occupy | Mickey Z.
Photo credit: Mickey Z. Mickey Z. -- World News Trust Be realistic, demand the impossible. (graffiti, Paris 1968) Let's imagine the state of the planet as a fire raging through a high-rise ...
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Talking to the Universe: Stories from the Occupation | Mickey Z.
Photo credit: Mickey Z. Mickey Z. -- World News Trust June 21, 2012 I was asked to participate in a Boundless Tales reading at Waltz-Astoria on June 21. To follow is a version of what I read: When I ...
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