Europe against GMO crops! Please, sign the Avaaz petition!
I already did. It's us who decide, not Monsanto!!!

Long live the banks. Because it seems that they are the kings of our Planet. Long live the money, because they obviously are the only value we recognize.

So, a bank guilty of capital crime, which laundered  trillions dirty dollars, gets away by paying a fine, just because it's "too big to fail". (A separate question is that a big part of the severity of the fine is due to the fact the bank officials dared to say "Who are the americans to tell us how to run our business" - obviously another capital crime in USA)

Another group of banks, manipulated the LIBOR and thus the inter-banking loaning rates and ultimately the banks sanity with all the consequences we observe currently, and what happens to those nice people? You would think that after such a major investigation, CEOs and major investors would be arrested?Not at all. Some random scape goats were arrested and the banks would pay what? A FINE! Why not, they are too big to fail, right?

In the third article, the author tries to convince us how nice and caring entities are the hedge funds. Yes, they led to the housing crash which devastated the lives of thousands and they tried so hard to lead the euro zone to a default, betting against the euro and creating a political and financial climate to ensure the euro would fall (with all the devastation to millions of people which it would bring), now they are trying desperately to rob Argentina and default the whole country. But they do it only because they want to clean up the excess and let the force of the market do its work. Of course, they do it for the money too, but also, they have good intentions. WAAAAAAAAAAIT! WHAAAAAAAAAAAT?! I can't believe anyone would dare to write something so stupid, so obviously wrong, so EVIL! Those funds, they see a weakness, a fracture in a structure carefully built for decades, then they bet against the structure, put some explosive in the fracture and watch the whole thing fall down in flame. Making billions in the process. They feed on destruction and death. They are not benevolent! They are speculators which not only "bet", they use any legal and illegal means available, to make sure their bet will earn them money. So please, shove that article, whatever you like and stop wasting our time with nonsense!

Another craziness: the holly European patent Grail finally got its Yes from the EP and now, it can happily contribute to the World Injustice. Why I'm so negative? Because I don't believe it's fair, that the European patents should be granted only in English, French or German. If it was English and one arbitrary European language - yes. But not like that. This way is simply humiliating for other European nations.

And last but not least, the US Supreme Court announced it will consider whether a gene can be patented. Because see, an isolated gene is not found in nature, it is a product of human ingenuity! Right. Single quarks are also not found in Nature, let's patent them and then sue anyone who wish to make a research on quarks. Can this be normal? Once again, money before everything. The interests of one company are put before the interests of a whole country. Because someone somewhere decided that you can patent a gen. Not one which you have artificially created, by being smart and investing millions. But one, which you just isolated. The next step is to sue every cancer patient having the same genes to pay you a fee for infringing your patent. CRAZY! Absolutely crazy!
So, enjoy!

HSBC to Pay $1.92 Billion to Settle Charges of Money Laundering


By BEN PROTESS and JESSICA SILVER-GREENBERG
State and federal authorities decided against indicting HSBC in a money-laundering case over concerns that criminal charges could jeopardize one of the world’s largest banks and ultimately destabilize the global financial system.

Instead, HSBC announced on Tuesday that it had agreed to a record $1.92 billion settlement with authorities. The bank, which is based in Britain, faces accusations that it transferred billions of dollars for nations like Iran and enabled Mexican drug cartels to move money illegally through its American subsidiaries.

While the settlement with HSBC is a major victory for the government, the case raises questions about whether certain financial institutions, having grown so large and interconnected, are too big to indict.  source

Libor Manipulation Scandal: Britain's Serious Fraud Office Arrests 3 In Interest Rate Probe



Prosecutors and regulators across Europe, the United States, Canada and Japan have been investigating how traders attempted to rig key benchmark lending rates such as Libor (the London interbank offered rate) after the U.S. Commodity Futures Trading Commission initiated an industry-wide probe in October 2008.

Dozens of people have been fired by banks and are under investigation in the probe into benchmarks like Libor, which underpins around $550 trillion of loans and financial contracts.

In the first settlement with UK and U.S. regulators, Barclays agreed in June to pay $450 million in fines and penalties to settle allegations by regulators and prosecutors that some of its employees tried to manipulate key interest rates from 2005 through 2009. source

List of the banks subpoenaed in the Libor fraud:
Bank of America, Credit Suisse, Bank of Tokyo Mitsubishi, Lloyds Banking Group, Royal Bank of Canada, Rabobank, Societe Generale, Norinchukin Bank, and West LB, JPMorgan Chase, Deutsche Bank, Royal Bank of Scotland, and HSBC, in addition to Barclays, Citigroup and UBS source1 source2


Hedge Funds Stride the Stage of World Affairs


By PETER EAVIS
Argentina’s president, Cristina Fernández de Kirchner, was re-elected with a huge margin last year, leaving her political opponents fractured and demoralized. But in recent months, she has found herself locked in battle with a determined adversary who may outmaneuver her.

Her opponent is not a participant in Argentina’s domestic political scene. Rather, he is Paul Singer, a soft-spoken New York hedge fund manager. Through one of his funds, Mr. Singer is fighting in United States courts to press Argentina to pay up on some defaulted bonds. Mrs. Kirchner has refused.

In other words, a hedge fund has become an important political player in a democracy of 41 million people.

The ability of hedge funds to act as decisive change agents dates to one momentous trade: George Soros’s bet against the British pound in 1992. Mr. Soros’s fund wagered that the government would ultimately have to let the pound fall in value, prompting the fund to sell billions of pounds and buy other European currencies. The selling pressure was too much for the British government, and the pound left the currency arrangement. The day it dropped out was known as Black Wednesday.

Hedge funds also played an early role in the housing bust, which affected millions of people and led to deep societal changes.  While house prices would have collapsed without hedge funds, the funds helped lead to the crash.  As early as 2005, Mr. Burry pestered investment banks for ways of betting against housing (..). Eventually, the banks provided the financial instruments that allowed Mr. Burry to place the bearish trades. Soon, firms like Deutsche Bank and Goldman Sachs were betting heavily against housing in a similar way.

Now, hedge funds can also be outgunned by government entities aiming to shore up markets. Since the financial crisis in 2008, the world’s central banks have shown a willingness to print trillions of dollars to support financial assets. This makes it much harder for some bearish bets to work. Hedge funds betting on the collapse of the euro have had a hard time since the European Central Bank stepped up its support in September, agreeing to buy government bonds of stressed countries.
source

Europe Reaches Agreement on System for Patents


By JAMES KANTER
December 11, 2012
On Tuesday, the European Parliament adopted a uniform patent system for Europe. If the plan goes into effect as expected by early 2014, it would try to remedy the country-by-country approach whose time and costs have long been an impediment to innovation across the European Union.

Meeting in Strasbourg on Tuesday, the European Parliament voted 484 to 164 to pass the key plank of the new patent system. Nation-by-nation vetting of the new system will formally start in February, when governments are expected to sign a treaty creating special patent courts.

The cost of patent protection should initially drop to around 6,500 euros, or $8,400, from about 36,000 euros, or $46,500, the commission said. That change is largely because the new so-called unitary patents granted by the European Patent Office in Munich would no longer need to be validated in all of the countries where protection is sought. Nor would they need to be translated into all local languages. Instead, English, German or French would suffice. source


Supreme Court to Look at a Gene Issue

-  The Supreme Court announced on Friday that it would decide whether human genes may be patented.
he case the court added to its docket concerns patents held by Myriad Genetics, a Utah company, on genes that correlate with increased risk of hereditary breast and ovarian cancer.

The patents were challenged by scientists and doctors who said that their research and ability to help patients had been frustrated. “Myriad and other gene patent holders have gained the right to exclude the rest of the scientific community from examining the naturally occurring genes of every person in the United States,” the plaintiffs told the Supreme Court in their petition seeking review. They added that the patents “prevent patients from examining their own genetic information” and “made it impossible to obtain second opinions.”

The legal question for the justices is whether isolated genes are “products of nature” that may not be patented or “human-made inventions” eligible for patent protection.

“The isolated DNA molecules before us are not found in nature,” wrote Judge Alan D. Lourie, who was in the majority. “They are obtained in the laboratory and are man-made, the product of human ingenuity.” source

In the mean time: U.S.-Approved Arms for Libya Rebels Fell Into Jihadis’ Hands
 "The Obama administration secretly gave its blessing to arms shipments to Libyan rebels from Qatar last year, but American officials later grew alarmed as evidence grew that Qatar was turning some of the weapons over to Islamic militants, according to United States officials and foreign diplomats."

Edit, 15.12.2012: GUILTY PLEA EXPECTED FOR UBS UNIT IN RATE-RIGGING CASE ""UBS is in final negotiations with American, British and Swiss authorities to settle accusations that its employees reported false rates, a deal in which the bank's Japanese unit is expected to plead guilty to a criminal charge," DealBook reports. In addition, "UBS could face about $1 billion in fines and regulatory sanctions," according to people briefed on the matter who spoke of private discussions on the condition of anonymity."I just don't get it why exactly the Japanese unit...

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