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..There's a little Samuel Pepys in all of us..

Tuesday, July 12, 2011

David Cameron delivered a major blow to News Corporation’s takeover bid for BSkyB today by supporting a call for the company to abandon the attempt.. MPs will vote tomorrow on a Labour motion calling on Rupert Murdoch to withdraw his bid “in the public interest”..
This partiular 'blind eye' turned by the man who is, when push comes to shove, has the final say.. the man resposible.. stands to lose not only his credibility, but his fortune..
The lawsuits stemming from some 4 thousand who are alleged to have their privacy breached.. their phones hacked.. stands to cost News International a staggering amount of compensation..
The police investigation into newspaper hacking claims, has turned it's attention towards 'The News Of The World'in particular.. The Met's informed Mp's that the newspaper 'thwarted' the original investigation.. Ex-Deputy Assistant Commissioner Peter Clarke said while probing the claims in 2006, he came across "prevarication and what we now know to be lies"..
Assistant Commissioner John Yates said the firm "appears to have failed to co-operate" during his review of the case.. However, Assistant Commissioner John Yates said the firm "appears to have failed to co-operate" during his review of the case..
Committee Chairman Keith Vaz said Mr Yates's evidence was "unconvincing"..
A police investigation began in 2005, triggered by stories about Prince William's health in 'The News Of The World'..
In other developments..
Labour leader Ed Miliband will meet David Cameron and Deputy PM Nick Clegg to discuss the fall-out of the scandal..
MPs will vote on Wednesday on a Labour motion urging News Corporation boss Rupert Murdoch to withdraw his bid..
News International's Chief Executive Rebekah Brooks, Chairman James Murdoch and Rupert Murdoch have been asked to appear before the Culture, Media and Sport Committee in the Commons next Tuesday.. The company says it will co-operate and is awaiting the "formal invitation".. Labour leader Ed Miliband has a meeting with the family of murdered schoolgirl Milly Dowler, whose phone was allegedly hacked, and tells..
In other developments..
Labour leader Ed Miliband will meet David Cameron and Deputy PM Nick Clegg to discuss the fall-out of the scandal..
MPs will vote on Wednesday on a Labour motion urging News Corporation boss Rupert Murdoch to withdraw his bid for BSkyB.. All three main party leaders have now said they will lend their support to the motion..
News International's Chief Executive Rebekah Brooks, Chairman James Murdoch and his father, Rupert Murdoch have been asked to appear before the Culture, Media and Sport Committee in the Commons next Tuesday. The company says it will co-operate and is awaiting the "formal invitation.."
The final edition of the News of the World on Sunday sold 3.8 million copies, 1.1 million more than the previous week..
The websites TheSunOnSunday.co.uk and SunOnSunday.co.uk are transferred to News International, amid speculation a seven-day edition of The Sun is in the planning stage..


Accoding to French authorities.. Mohammar's envoys say the Libyan leader is "prepared to leave.. "The Libyan regime is sending messengers everywhere, to Turkey, to New York, to Paris" offering to discuss Gaddafi's exit, French Foreign Minister Alain Juppe told French radio..
Juppe told France Info radio today.. "We are receiving emissaries who are telling us.. 'Gaddafi is prepared to leave.. Let's discuss it..'
"There are contacts but it's not a negotiation proper at this stage."
Juppe did not say who the emissaries were..
Mr Juppe told France Info radio on Tuesday: "We are receiving emissaries who are telling us: 'Gaddafi is prepared to leave. Let's discuss it.'
"There are contacts but it's not a negotiation proper at this stage.."
Juppe did not say who the emissaries were..nor he give any indication as to what powers of negotiation they might hold.. But Juppe added that such contacts did not constitute negotiations..
But it's interesting the French are so intimately involved in any plan to relocate Mohammar, having been the most involved in his removal..
One of the terms for his leaving Libya.. will be a guarantee that all criminal charges be revoked.. and that at least a portion of his personal fortune be returned..

Yet another 'care' home is facing a police investigation following allegations of sub-standard treatment of patients, and four members have staff have been arrested on suspected physical attacks..
Rose Villa in Bristol is the latest of care home scandals and closures.. one person was suspended at Rose Villa in June following allegations made by a whistle-blower..
In the past week, two members of staff have been suspended after inspectors from the Care Quality Commission (CQC) raised safeguarding concerns.. It is believed a further member of staff has been suspended after allegations that a patient was mishandled..
One cannot express adequately, the outrage such reports inspire. That those who are the most need from this society, are the one's mistreated by their carers..
If it were an isolated case, it might be understood the vetting process could hire the odd sociopathic type..
But it's carelssness at the best.. but criminal at it's worst..
This is a an ever growing problem.. and the source of some concern for an ever growing demographic.. With the government capping a social safety net at £5 thousand for those needing nursing or palliative care.. many are wordering if their 'golden years' may have become lightly gilded brass, at best..
These tens of thousands who hit the streets in pension contribution protests.. hsve need to take into account the economy, and what sacrifices must be made to repair this broken machine..
While it still an abhorrent situation to hear of the mistreatment of patients.. the wage paid are not outstanding.. and it takes a certain personality to deal with geriatrics..
But with our economy in the state it's in, it will be years before we see disposable income keep up with inflation..

International Markets are in something of a panic over the ever expanding problems with the Eurozone.. fears that the debt crisis in the Eurozone may spread to Italy and Spain are rife.. Italy's main index fell 4% at one point, before recovering to rise 0.4%. Spanish shares and the UK's FTSE 100 have both shed 1%..
Italy moved with alarming speed from the fringe of the European Union’s financial crisis to its very centre.. as efforts to prevent the debt contagion from spreading beyond Greece.. Ireland.. and Portugal failed.. even threatening to engulf the United States..
The spread to Italy is disturbing evidence that even the largest economies, none of which seemed to share any of the worst economic traits of Greece, are not immune from investors’ fears that debt loads are simply becoming too big to be paid off.. Waning growth in the Western world is only intensifying the belief that debt defaults may be inevitable, a potentially catastrophic scenario that would slaughter the banks and cut off the credit required to keep companies functioning..
EU Finance Ministers, who met Monday to discuss Greece.. ahead of a regularly scheduled session.. reiterated their vow to safeguard financial stability and said they are prepared to bolster “the scope and flexibility” of the existing bailout fund, known as the European Financial Stability Facility. The changes, they said in a statement released Monday night, would lengthen the bailout loan maturity dates and drop their interest rates. Greece has already been treated to lower bailout loan costs.. Eire and Portugal will soon be asking for the same concessions..
Whether new bailout terms will help Greece or other rescued countries avoid default remains an open question. Many economists believe nothing but a default, followed by debt reduction of 50 per cent or so, would allow Greece to support its debt..
Plunging prices for trading in Italian debt presented Brussels with a nightmare scenario.. The potential bailout of the third-largest economy in the euro zone could be unaffordable, and could result in the destruction of the common currency..
Italy’s economy is as big as Britain’s and bigger than Canada’s.. Most economists think it would be too big to bail out.. Italy’s turmoil “adds a new ingredient to Eurostress,” Deutsche Bank economist Gilles Moec said..
A group of European banks that own the battered debt of Greece and other weak countries pleaded for the EU to buy back the debt.. “It is essential that euro-area member states and the IMF act in coming days to avoid market developments spinning out of control and risk contagion accelerating,” the banks said in a paper presented Monday to finance ministers of the Euro Zone, the 17 EU countries that share the common currency..
The Italian cabinet recently approved €47-billion in spending reductions and tax hikes between now and 2015, but the bulk of the austerity program comes in the last two years, leading to speculation that Prime Minister Tremonti will be forced to accelerate the program to scare off the investors who are betting that the Italian debt markets have nowhere to go but down..
Italy was supposed to be fire-proof.. and some economists think the plunging bond prices are unwarranted, even if the Italian economy has stalled and the political landscape is unstable.. thanks to Prime Minister Silvio Berlusconi’s never-ending sex and corruptions scandals..
They note, for instance, that Italy’s budget deficit – the difference between the amount it takes in and the amount it spends – is expected to be only 4 per cent of gross domestic product this year, down from 4.6 per cent in 2010. Italy’s 2011 figure is below the euro zone’s average expected deficit and well below Britain’s (7.6 per cent) and the United States’s (10.4 per cent), according to the latest Deutsche Bank forecasts..
But should the worst case scenario take place.. it would spell the end of this attempt to unify Europe.. the end of the Euro itself in those countries who see the advantage of bailing on their debts, returning to their own currency, and putting devaluation on the table..
Now no doubt a door would be left open for all those countries who might leave the Euro.. an open invitation to all those governments to return to the fold, as it were, once economic stability returns..
But what effects these possible moves could have on France and Germany.. indeed even Serbia.. has yet to be seen..
The yields on Italian and Spanish bonds also continued to rise as worries over the two countries grew..
Yesterday, Eurozone finance ministers said they were ready to pass new measures to stop the crisis spreading..
The Euro was also lower, falling to a four-month low against the dollar at $1.3835..
The concern is that Italy and Spain may have to follow Greece, Portugal and the Republic of Ireland and seek a European Union and International Monetary Fund (IMF) bail-out..
Yesterday, Eurozone Finance Ministers said increased efforts to "improve the euro area's systemic capacity to resist contagion risk".. measures would include "enhancing the flexibility and the scope" of the European Financial Stability Facility (EFSF)..
This is the bail-out fund to which eurozone member states contribute..
Finance ministers also agreed to look at lowering the interest rates that Greece, Portugal and the Irish Republic have to pay, plus lengthening the maturities of their loans..
Not that this can be seen as a long-term solution.. Lowering the interest rates will merely leave those countries which made the original loans, out of pocket..
And it will make the IMF and the loaning members of the Eurozone even more reluctant to make bailouts.. with the chances of defaults increasing..
This experiment with a single European currency is turning out to be a no go.. As we noted several years ago, that any country in the EU, has tied itself to the lowest economy in the group..

An interesting use for Facebook is now under police investigation Terrorist cells are using the networking sites to arrange attacks..
This use of this medium had to be expected..
The UK's updated counter-terrorism strategy suggests terrorists' use of social media to disseminate information and radicalise people is "commonplace"..
It said there was evidence of extremist groups seeking "to invade Facebook"..
Home Secretary Theresa May said the UK must react to this threat but stressed Osama bin Laden's death had left al-Qaeda in its weakest state since 2001..
Last year the government identified cyber warfare as one of the most serious "Tier 1" threats to the UK's security and set aside £650m in additional money to make key infrastructure more resilient..
Defence Secretary Liam Fox recently revealed that his department had dealt with more than 1,000 "potentially serious" attempted cyber attacks in the past year..
The government's updated counter-terrorism strategy, published on Tuesday, warns that the number of attacks on IT systems will likely increase and that extremists were increasingly sophisticated in their use of social networking and video sharing sites..
"Since the death of Osama Bin Laden, al-Qaeda has explicitly called not only for acts of lone or individual terrorism but also for 'cyber-jihad'.." according to the document..

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