North Korea’s Kim Jong-un to reform economy after purge: Report

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thestar.com
Published on Friday July 20, 2012

Benjamin Kang Lim

Reuters

BEIJING- Impoverished North Korea is gearing up to experiment with agricultural and economic reforms after young leader Kim Jong-un and his powerful uncle purged the country’s top general for opposing change, a source with ties to both Pyongyang and Beijing said.

Kim Jong-un

KRT/Reuters File Photo
 

North Korea military chief removed

N.Korean Army Chief's Ouster 'Carefully Plotted'

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GFP Note: See this recent article for another perspective on this story.

 

english.chosun.com

 

Jul. 23, 2012 10:19 KST

Ri Yong-ho
Ri Yong-ho
The North Korean regime meticulously planned the ouster of Army chief Ri Yong-ho, informed sources here said Sunday.

One source said North Korean eminence grise Jang Song-taek, the uncle of leader Kim Jong-un, and Vice Marshal Choe Ryong-hae prepared the firing by checking ammunition supplies at military bases directly under Ri's command and stepped up surveillance of any army divisions Ri could mobilize in his defense.

To read the rest of this story, visit The CHOSUNILBO.

 

Western bankers use weapons of mass financial destruction: Analyst

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PressTV.ir
Thu Jul 26, 2012

8:31AM GMT
 

A newly published report has revealed that a minority of “super-rich elite” from across the world have hidden more than USD 21 trillion in tax havens.
 



According to report published on July 21by the UK newspaper Guardian, at least £13 trillion (USD 20 trillion) has leaked out of scores of countries into states including Switzerland and the Cayman Islands with the help of private banks and the exploitation of tax loopholes.

The report also found that two Swiss private banks, UBS and Credit Suisse along with the US investment bank Goldman Sachs, managed more than £4 trillion in 2010, which shows a three-fold increase compared to five years earlier.

To read the rest of this story and see the video, visit PressTV.

FDA Employee Surveillance May Indicate the Agency Has Lots to Hide

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TopSecretWriters.com
Gabrielle Pickard
 

fda spying

Imagine being at work, and the first thing that flashes up on your computer when you switch it on is a warning that you should have “no reasonable expectation of privacy”?

This is the case for employees at the Food and Drug Administration (FDA), who, according to the Washington Post, have been told that any data that passes through the Agency’s systems may be intercepted by the government. (1)

To read the rest of this story, visit Top Secret Writers.

Quebec court upholds anti-students law

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PressTV.ir
Tue Jul 24, 2012
5:46AM GMT

As protests continue in the province of Quebec against planned tuition hikes, a court of appeals has rejected students’ request for the suspension of parts of a controversial law that was passed to impede their protest rallies.

University students protest Special Law 78 and the potential tuition fee increases in Montreal, June 3, 2012.
University students protest Special Law 78 and the potential tuition fee increases in Montreal, June 3, 2012.

The decision came on Monday after a lower court rejected the petition submitted by the students, which had called for the suspension of two provisions of the law, passed in May in the wake of clashes between the police and the students protesting a potential 82-percent hike in tuition fees in the French-speaking province.

The so-called Special Law 78 obliges the organizers to inform the police about the timing and location of marches at least eight hours before they stage the protest move. It also allows imposing heavy fines on the protesters who fail to do so.

To read the rest of this story, visit PressTV.ir.

The summer of discontent: No respite from power cuts

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Tribune.com.pk

Published: July 25, 2012

 

PESHAWAR / SWAT:

Despite the Prime Minister’s announcement of curtailing power cuts during Ramazan, the problem persists especially during Sehr and Iftar hours. This fuelled public outrage and a number of protests were held on Tuesday in Swat, Peshawar, Haripur, Dir, Charsadda, Nowshera, Kohat and Malakand. The protesters criticised the government and Water and Power Development Authority (Wapda) for failing to put an end to unscheduled power cuts.

Policemen arresting the protesting students during a demonstration outside Swat board on Tuesday. PHOTO: ONLINE

Geithner on defense in Libor scandal questioning

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Money.CNN.com

By Jennifer Liberto @CNNMoney
July 25, 2012: 1:02 PM ET

Treasury Secretary Tim Geithner defended his role at the New York Fed, which got early reports of Libor rigging.
 

Treasury Secretary Tim Geithner defended his role at the New York Fed, which got early reports of Libor rigging.

 

WASHINGTON (CNNMoney) -- Treasury Secretary Tim Geithner on Wednesday defended his role, as New York Federal Reserve president in 2008, in dealing with early warnings that a key financial benchmark was being rigged.

Geithner told the House Financial Services Committee that he briefed U.S. regulators and the White House when Barclays bankers told the New York Fed that the bank was submitting false estimates to determine Libor. He said he also briefed British authorities.

The Shots Heard Round the World: Argentina's Radical Banking Reforms

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truth-out.org
Sunday, 22 July 2012 13:05
By Rick Rowden, Foreign Policy | News Analysis

At a time when most governments seem incapable of doing anything about unemployment, worsening economic inequality, and continuing financial instability, Argentina has adopted a set of striking new reforms that will enable its central bank to play a much more proactive role in addressing all of these problems. In fact, the reforms, adopted in March, may be the first shots fired in a quiet revolution in monetary policy. If successful, they could threaten to overturn 25 years of conservative central bank policies that have long been considered best practice by the IMF and central banks around the world.

Argentina's new central bank president, Mercedes Marcó del Pont, said the reforms challenge the conservative axiom that central banks should play a very limited role in the economy. The bank is now rediscovering its sovereign capacity to formulate and implement economic policy, she explained, adding that some of the portraits on the bank's hall of fame would be coming down -- "beginning with Milton Friedman's."

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