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"If We Destroy Creation, Creation Will Destroy Us"

Aiko Stevenson | Posted 07.17.2015 | Green
Aiko Stevenson

Unless the global community strikes an effective deal to rein in its carbon emissions, unchecked climate change could usher in a hellish world of lethal heat, soaring food prices, and the failure of even wealthy states.

Brits Get To Weigh In On Who Appears On New Banknote

Posted 05.19.2015 | World

LONDON, May 19 (Reuters) - The British public will for the first time be able to help decide which historic figure - in this case a creative one - app...

'Green News Report' - December 4, 2014

Brad Friedman and Desi Doyen | Posted 02.03.2015 | Green
Brad Friedman and Desi Doyen

The Green News Report is also available via... IN TODAY'S RADIO REPORT: Germany's biggest utility spins off its fossil fuel assets; Are fossil ...

Jane Austen Is Now On England's 10-Pound Note!

AP | DANICA KIRKA | Posted 09.23.2013 | Books

LONDON — Jane Austen will become the new face on England's 10-pound notes – in an attempt to add a little pride and fight the prejudice ag...

Central Bankers Making New Moves To Spur Global Economy

Reuters | Posted 04.05.2013 | Business

* Draghi, Carney to hog spotlight * ECB, BOE firmly on hold but unease stir over euro strength * Trade data eyed for sig...

Eleazar David Melendez

Fed President Blasts Dodd-Frank | Eleazar David Melendez | Posted 01.22.2013 | Business

After spending the last few years taking a wait-and-see approach to financial reform, several banking regulators in the U.S. and Europe kicked off 201...

How to Fix the Banking Sector

Cyrus Moore | Posted 09.30.2012 | Business
Cyrus Moore

Until the culture within the banking sector is systematically overhauled by regulators whose policies reflect the moral code of our society as a whole, we will never put our banking sector in order.

Triple-A For U.K. On Olympic Opening Day

AP | The Associated Press | Posted 09.26.2012 | Business

NEW YORK (AP) — Standard & Poor's says the United Kingdom will keep its top "AAA" credit grade. The rating agency late Friday affirme...

Avoiding the Next Financial Pile-Up: The Values of Loyalty, Honor, and Duty to Market

Rachel Harvey, PhD | Posted 09.25.2012 | Business
Rachel Harvey, PhD

Namely, duty to market is the foundation of a well-functioning market. Only when combined with supervision, regulation, and codes of conduct stressing trust and personal integrity, can systemic failure, fraudulent practices, and rate manipulation be curtailed.

'Deep-Rooted Economic Problems' Sinking England Into Recession

Reuters | Posted 09.24.2012 | Business

* UK GDP falls 0.7 pct in Q2, biggest drop since Q1 2009 * Osborne warns of "deep-rooted economic problems" * Opposition...

Regulators Wanted Anonymity In Libor Scandal

The New York Times | Ben Protess and Mark Scott | Posted 07.21.2012 | Business

As the interest rate manipulation scandal grips the banking industry, regulators have defended their actions and trumpeted their efforts to overhaul t...

Central Banker To Consider Scrapping Libor Entirely

Reuters | Posted 09.18.2012 | Business

* Talks in September to discuss whether Libor can be saved * Bernanke, Carney float possible market-based alternatives ...

Regulating Banks Is Not So Easy

Cyrus Moore | Posted 09.17.2012 | Business
Cyrus Moore

It's easy to bash regulators. But it's not so easy to be one.

Bank Of England Chief: Fed Sent No 'Evidence Of Misreporting' Libor Rate

AP | ROBERT BARR | Posted 09.16.2012 | Business

LONDON (AP) — The governor of the Bank of England said Tuesday that U.S. authorities did not show him any evidence of manipulation of a key market r...

Bank of England Official Denies Pressuring Barclays

AP | ROBERT BARR | Posted 09.08.2012 | Business

LONDON — A senior Bank of England official denied Monday that he had given any hint to Barclays that it should manipulate reports of its borrowi...

Barclays Scandal Smoking Gun?

The Huffington Post | Mark Gongloff | Posted 07.03.2012 | Business

In the fast-exploding Barclays rate-fixing scandal, Bob Diamond may have just produced a smoking gun -- one that could have the power to take a Bank o...

British Officials Missed Warnings On Barclays Scandal

Reuters | Posted 09.01.2012 | Business

* Records show chances missed over Libor * Fault lines detailed on at least five occasions * Critical questions raised i...

A Primer For European Bank Runs

Reuters | Posted 07.26.2012 | Business

* Northern Rock "run" was due to bank risk * Threat now is country risk * Currency risk another concern for bank deposit...

HFT and the Fidgeting Fingers of the Invisible Hand

Robert Teitelman | Posted 05.26.2012 | Business
Robert Teitelman

Is the SEC looking into traditional malfeasance -- the usual seamy kickbacks or bribes -- or the more esoteric: faster portals into exchange servers for certain select customers? This range of "advantages" may be built into the very concept of HFT. Will the SEC put HFT itself on trial?

Financial Industry's 'Value Added' Significantly Overestimated, Report Contends

Posted 11.30.2011 | Business

Banks' contribution to the economy may be hugely overstated, underscoring anger about the scale of taxpayer rescues and resultant government cutba...

Fed, ECB, Other Central Banks Act To Ease Financial System Strain

AP | DAVID McHUGH and PAUL WISEMAN | Posted 01.30.2012 | Business

FRANKFURT, Germany — The central banks of the wealthiest countries, trying to prevent a debt crisis in Europe from exploding into a global panic...

Stagflation Risk and What This Means for Stocks

Gemma Godfrey | Posted 12.19.2011 | Business
Gemma Godfrey

As the outlook for growth continues to deteriorate, whilst the price for goods and services remain stubbornly high, the risk of stagflation returns. This would be a tough scenario, where policy options tackling one of these issues would only worsen the other.

Moody's Downgrades Credit Rating Of A Dozen UK Banks

AP | By ROBERT BARR | Posted 12.07.2011 | Business

LONDON -- A dozen British banks saw their credit ratings downgraded Friday over doubts over the strength of the government's support, in another sign ...

'We Are Witnessing A Growth Slowdown Across OECD Countries'

Posted 11.08.2011 | Business

(Leigh Thomas) - The outlook for economic growth in developed countries has got much worse in the last three months, the OECD said on Thursday and...

Simon Johnson: Fear Companies Lurking In Dark Financial Shadows

Bloomberg | Simon Johnson | Posted 07.16.2011 | Business

On the face of it, Glencore International AG doesn't look too scary. With about $80 billion in assets, the Swiss-based commodities trader is a lightwe...