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China starts carbon trading in Shenzhen - Xinhua

The scheme covers 635 industrial companies and some public buildings that account for about 40 percent of the city's carbon emissions,the Shenzhen carbon trade exchange said in a statement t. Experts and government officials hailed the pilot schemes as a landmark step for China in building a nationwide carbon emission trading market t. Read more ...

via Xinhuanet
19 Jun 2013

The London 6am Cut

Senior bankers should face a criminal offence of 'reckless misconduct' under a toughened sanctions regime for failures at UK banks, according to the Parliamentary Commission on Banking Standards. The Commission's long-awaited 571-page report also criticises UK governments for “clearly not acceptable” interference in the running of part-national [...] Read more ...

via Ft
19 Jun 2013

WATCH: Whoopi LOSES IT

Whoopi Goldberg descended into laughing madness on Tuesday's "View." The impetus for the nearly minute-long laughing fit was the news that some Christian groups have been comparing Superman to Jesus. Read more ...

via Huffingtonpost
19 Jun 2013

Reader riposte: Costs of EU-US free trade deal

Reader Peter Frank recommends this Spiegel analysis of the proposed US-EU free trade agreement, which contains estimates that such a deal would cost Australia 52,000 jobs and result in 7.4% decline in Australia's per capita income. Peter writes:Interesting analysis of impacts of EU/US free trade agreement; not in the least in terms of the anticipat [...] Read more ...

via Lowyinterpreter
19 Jun 2013

G-8 to Fight Tax Evasion

The Group of Eight leading industrialized nations Tuesday agreed on a set of proposals to tackle tax avoidance and evasion that call for countries to change laws to stop companies from shifting profits across borders and paying less tax. Read more ...

via Wsj
19 Jun 2013

Europe's Making Its Structural Problems Worse

Paul Krugman thinks the European Union's incantations about the need for structural reform are a distraction from their failure to manage aggregate demand appropriately. I think it's worse than that. The European Central Bank's tight money policies are actually a leading impediment to structural reform. Think about something like the [...] Read more ...

via Slate
19 Jun 2013

Right wing, John Boehner in Hastert rule fight

House Speaker John Boehner’s right wing is acting up again. First, hard-line conservatives failed in a January coup against the Ohio Republican. Then they tried to force a special meeting on immigration reform — but GOP leaders beat them to the punch. Now, fearful of a capitulation on immigration and fiscal issues, they want to force Boehner [...] Read more ...

via Politico
19 Jun 2013

China: ‘Benefit the Masses’ Campaign Surveilling Tibetans

(New York) – The Chinese government, under the rationale of a campaign to improve rural living standards, has sent more than 20,000 officials and communist party cadres to Tibetan villages to undertake intrusive surveillance of people, carry out widespread political re-education, and estab [...] Read more ...

via Hrw
19 Jun 2013

Banks Caught In How Many Mortgage Settlement Violations?

The government-appointed monitor overseeing mortgage practices as part of last year’s robo-signing settlement between five big U.S. banks and dozens of government agencies found few violations after grading the banks’ compliance with ambitious new standards, according to court documents filed Tuesday. The finding of just three audited failures [...] Read more ...

via Huffingtonpost
19 Jun 2013