USA - The US futures industry reeled on Tuesday as Iowa-based broker PFGBest collapsed after regulators accused it of misappropriating customer funds for more than two years, dealing a new blow to trader trust just months after MF Global's demise.
EGYPT - According to several reports in the Arabic media, prominent Muslim clerics have begun to call for the demolition of Egypt’s Great Pyramids — or, in the words of Saudi Sheikh Ali bin Said al-Rabi‘i, those “symbols of paganism,” which Egypt’s Salafi party has long planned to cover with wax.
USA - The Episcopal Church has become the largest US denomination to bless same-sex relationships. The policy was overwhelmingly approved in a vote at the church's general convention in Indianapolis, Indiana. Church officials stressed the new ceremony, which includes prayers and an exchange of vows and rings, was not a same-sex marriage.
USA - Since reaching the White House, all of [Mr] Obama’s personal information have remained under seal by order of the court via [Mr] Obama's lawyers. He cannot be scrutinized by any exploratory media personnel. It cost [Mr] Obama $2 million to make sure no one knows about his past. However, his unequivocally falsified Social Security number may prove his undoing as a presidential candidate within the next five months.
ISRAEL - An earthquake on the Greek island of Rhodes Monday afternoon sent unusually wide tremblors in Israel from Tiberias in the north to south of Be’er Sheva in the Negev. The Geophysics Institute in Israel said the earthquake in Greece registered 5.7 on the Richter scale and was felt in Jerusalem and Tel Aviv, where buildings shook.
UK - Over the past few weeks, the exposure of the Libor-rigging scandal has monopolized the headlines of the financial press and inveigled its way onto the front pages of every major news publication in the world through the sheer size and scale of the story.
USA - Most of us don't think much about it, but the truth is that people are being watched, tracked and monitored more today than at any other time in human history. The explosive growth of technology in recent years has given governments, spy agencies and big corporations monitoring tools that the despots and dictators of the past could only dream of.
USA - Following the Soviet invasion of Afghanistan in 1979, the United States made the first strategic mistake by contributing to the creation of the most dangerous Islamic fundamentalist revival to take place in the twentieth century, or “The Islamic Awakening,” as termed by prominent Islamist scholar Yusuf al-Qaradawi.
USA - "Dr. Doom" Nouriel Roubini, says the "perfect storm" scenario he forecast for the global economy earlier this year is unfolding right now as growth slows in the US and Europe as well as China. In May, Roubini predicted four elements - stalling growth in the US, debt troubles in Europe, a slowdown in emerging markets, particularly China, and military conflict in Iran - would come together to create a storm for the global economy in 2013.
USA - A quarter of Wall Street executives see wrongdoing as a key to success, according to a survey by whistleblower law firm Labaton Sucharow released on Tuesday.
USA - The Federal Reserve Bank of New York may have known as early as August 2007 that the setting of global benchmark interest rates was flawed. Following an inquiry with British banking group Barclays Plc in the spring of 2008, it shared proposals for reform of the system with British authorities.
LONDON, UK - Key bank interest rates could still be being abused, Bank of England deputy Paul Tucker warned yesterday. He told MPs he could not rule out the possibility that the Libor – the inter-bank lending rate – was still being rigged.
UK - Angry bank customers have been voting with their wallets and bombarding co-ops, building societies and credit unions with applications for current accounts over the past week, after the NatWest computer meltdown and the Barclays rate-rigging scandal.
USA - Firefighters struggle to control the spread of five fires raging in northern California's Colusa County sparked by rising temperatures and dry conditions. Some 28 fire-engines, two helicopters and 150 personnel are involved in the effort to battle the blazes which have already consumed about 1,600 acres so far.
SAUDI ARABIA - Saudi Arabia's Shia east has been thrown into turmoil after two people were killed when police opened fire on demonstrators protesting the shooting and arrest of a popular anti-regime cleric.