Daily Archives: November 12, 2014

Banks fined over £2bn after currency rigging investigation – Telegraph

November 12, 2014 By in Accountability, Business Administration, Politics Tags: , , 4 Comments

It’s good to see record fines on both sides of the Atlantic for currency rigging in major banks. This article from the Telegraph is a must read. Check it out!

via Banks fined over £2bn after currency rigging investigation – Telegraph.

In my layman’s understanding, surely these bankers are defrauding the public?

If so, it would seem appropriate for the authorities to take criminal proceedings against the bankers concerned?

Finally, do you agree that those guilty should receive a lifetime ban on working in the industry?

Thoughts?

Bill for shutting nuclear plants will reach $100bn – FT.com

November 12, 2014 By in Accountability, Austerity, Business Administration, Business Strategy, Energy Policy, France, Politics Leave a comment
English: Nuclear power plant in Cattenom, Fran...

English: Nuclear power plant in Cattenom, France Deutsch: Kernkraftwerk in Cattenom, Frankreich (Photo credit: Wikipedia)

English: Internationally recognized symbol. De...

English: Internationally recognized symbol. Deutsch: Gefahrensymbol für Radioaktivität. Image:Radioactive.svg (Photo credit: Wikipedia)

This is a must-read article from the FT, citing latest evidence from the International Energy Agency. It’s a must-read. Check it out!

Bill for shutting nuclear plants will reach $100bn – FT.com.

For me, there’s an increasing risk of disaster by combining shutting nuclear plants and excessive austerity. If we factor in other contextual variables, like increased terrorism, the risks are compounded. The risks will be greatest in countries that are dependent on nuclear power, like France.

I also worry about the effectiveness of the Energy Directorate at the European Commission, where the management are mainstream bureaucrats, rather than professional experts.

Thoughts?