A new anti-corruption bill would force suspected criminals to prove their source of wealth or risk having assets seized. The UK is keen to dispel accusations that London is a prime location for stashing illicit funds.
Climate activists and conservation groups say a voluntary international airline carbon-trading scheme doesn’t go nearly far enough to curb greenhouse gas pollution.
Growth in the aviation sector puts the industry on track to triple emissions by 2050, but the new carbon-offset program won’t even take effect until 2021 and is slated to remain voluntary through 2027. According to the climate-action advocates, the deal, adopted by the International Civil Aviation Organization (ICAO), only covers about a quarter of total emissions and shifts the industry’s growing carbon debt on to third parties using what could be questionable carbon-offset credits.
The Democratic Republic of Congo is paying the price for being the world’s largest producer of raw cobalt, a vital ingredient in lithium-ion batteries for electric cars, smartphones, laptops and other rechargeable devices. As Congolese search for the valuable mineral—cobalt is the most expensive part of lithium-ion batteries—they are suffering a surge in child labor, poverty, pollution and rare birth defects.
For centuries, it’s been a quiet, continuing public health disaster. It doesn’t attract attention by making its victims bleed, or by spreading sexually or by destroying babies’ brains.
From the article, an excerpt and paraphrased quote from Jared Diamond's Book: "Guns, Germs and Steel".
#How did we get into such an endless disaster? Jared Diamond, the author of Guns, Germs, and Steel, famously called agriculture “the worst mistake in the history of the human race.” As small bands of hunter-gatherers, we lived well and ate well, for relatively little work. A lot of kids might die, but the survivors grew tall and smart, and people rarely fell ill. They were already immune to whatever germs their band carried, and they rarely got close to other bands. As a way of life it lasted for hundreds of thousands of years. Eventually, though, we got too good at it. Hunting and gathering couldn’t sustain the sheer numbers of successful bands. Encouraging the growth of food plants had probably been a sideline for a long time, but now it became a matter of life or death — a mistake, perhaps, but a necessary one. Farms, gardens, and domesticated animals could feed more people, but less well. Farming communities had to crowd together in one place, work like hell, catch their animals’ diseases, and feed themselves and their kids on a diet they hadn’t evolved for. The strong and violent took more of that diet and left less to the weak. Stunting has likely been a part of the human condition since the first failed harvest. Communities also had to grow enough to support non-farming priests to tell them when to sow and when to reap, and warriors to defend them from their hungry neighbours. Economies of scale turned villages into cities and then into empires."
Public awareness regarding the dangers of sugar is increasing daily. But why is this anti-sugar movement only gaining enough strength and support to make a real difference now? The truth is, we haven't had access to the full set of data until recently. Additionally, we have been lied to and deceived by the food industry. This deception is especially the case regarding the sugar industry and select scientists who have covered up sugar's ill effects. In essence, these people sold out our health for corporate and personal profit.
Unfortunately, the American public and people worldwide are experiencing the consequences. As we replaced natural sources of fat for sugar (and excess carbohydrate in general), soaring rates of obesity, type 2 diabetes, cardiovascular disease and other conditions of the metabolic syndrome soon followed.
If we take a look at the charts, based on datasets by the National Health and Nutrition Examination Survey, a federal program of studies that assess Americans' health and nutritional status conducted by the Centers for Disease Control and Prevention, it is evident that, as we increased sugar consumption and cut back on animal fats, obesity skyrocketed.
Click headline to read more, access hot links and view charts--
Under the new rules, manipulation of the rates used when banks lend money to each other will be a criminal offence. The plans were announced as the top four bank chiefs face tough questions from a parliamentary inquiry. The probe comes as the ongoing crisis at Deutsche Bank has put a fresh spotlight on the global banking sector. Australia's treasurer, Scott Morrison, said the tough new rules were to "ensure that past egregious conduct by the banks in manipulating benchmarks is prevented in the future". The interbank lending rate is set each day by banks quoting the interest rates they were paying and receiving.
The four biggest banks in the U.S. won’t say whether they offer workers the same kind of sales incentives that drove Wells Fargo employees to open millions of accounts for customers without their knowledge.
That scam led to a record-setting fine, congressional hearings and a rare case in which a bank CEO was forced to give up a few million dollars in compensation, with legislators calling for his ouster. California recently announced it would no longer do business with the bank, and Illinois is expected to follow with its own announcement on Monday.
Lawmakers have come up with a compromise to avoid a potential government shutdown and provide long-awaited aid for Flint, Michigan—though the band-aid measure will still keep that community, which has been grappling with a lead-contamination crisis for more than two years, waiting for funds at least until November.
With money launderers constantly changing their methods, firms must ensure their transaction monitoring systems are kept up to date. The consequences of not doing so can be catastrophic. Money laundering has the potential to threaten national security, national prosperity and international reputation. That was the stark warning from the UK’s
Molly Jackman finds where bills based on American Legislative Exchange Council (ALEC) model legislation are introduced in the statehouses during the 2011-2012 session and tracks their progress in the legislative process using text analysis.
Being told that your call is valued is the most annoying feature for those waiting on the phone to a company, a new survey suggests. Consumer group Which? said nearly half of its members surveyed said such reassurance was most likely to make them see red while hanging on the line. Next on the frustration list was being directed to the company's website, and apologies for all operators being busy.
FIFA could be sued over its alleged complicity in the mistreatment of migrant workers hired for the 2022 World Cup. Newspaper reports say the beleaguered organization is facing legal action in the Swiss courts.
"For many of the sea workers who come ashore at the Port of Long Beach, it’s the first time they’ve touched ground in weeks. They are some of the millions of workers helping move 90 percent of the globe’s trade. Maritime trade has always been a grueling and dangerous profession, but it is now seeing some of its long time protections stripped. Imagine losing a limb, going blind or almost dying on the job. And then imagine not being able to hold those responsible accountable. Welcome to the largely secret world of arbitration. It’s routinely used by shipping and cruise companies worldwide to keep injured workers out of courts and out of the public eye"
Thirty-seven people, including leading members of Spain's ruling Popular Party, have gone on trial in Madrid accused of involvement in a massive corruption network. Three former PP treasurers are among the defendants in Spain's biggest corruption trial for years. Businessman Francisco Correa is alleged to have been the ringleader who handed out bribes in exchange for contracts. The suspects were heckled as they arrived at the national court.
Wells Fargo chief executive John Stumpf will forfeit $41m (£31.5m) in bonuses as the bank tries to stem a scandal over its sales practices. The bank has launched an investigation how more than two million deposit and credit card accounts were opened without customers' permission. The bank said Mr Stumpf would not receive a salary during the inquiry. The former head of retail operations, Carrie Tolstedt, will forfeit $19m of bonuses and left without a payoff.
"Scandals in banking, finance, and housing rocked the world, causing a global financial meltdown and the Great Recession. While the economy and the financial sector eventually recovered, the fallout from the financial crisis kept the papers full of misdeeds and improper actions within finance. A certain numbness must have come over large sections of the public who could hardly muster shock anymore when this latest new scandal was uncovered at Wells Fargo."
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