Archive for August 3rd, 2012

03/08/2012

Why Is Iraq Still so Dangerous?

Human Wrongs Watch

“While the US and the Iraqi government insist that security gains have been made in recent years, UN and independent analysts characterize the situation as having stabilized at an unacceptably high level of violence, albeit now concentrated in more specific areas.”

Photo: Heba Aly/IRIN – Iraqi Security Forces are often the target of attacks

Baghdad, (IRIN*) – Assessments of security trends in Iraq vary wildly depending on who you speak to, how you count the statistics, and which period of time you study. But one thing is clear: bomb blasts, targeted killings or improvised explosive devices are still a daily occurrence in Iraq.

Last week’s coordinated attacks – leaving more than 100 people dead – set a record for the highest number of deaths in a single day in more than two years, displaying the continued ability of insurgent groups to strike. A double bombing in the capital on 31 July brought July’s death toll to 245, according to a count by Associated Press.

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03/08/2012

‘Impotent’ Security Council: No More Mission Impossible in Syria

Human Wrongs Watch

As former UN secretary general Kofi Annan stepped down on 2 August as Joint UN-Arab League Special Envoy, France announced that the Security Council will consider this month the plight of millions of Syrians in need of humanitarian aid, and that the UN mission will likely disappear, the UN reports.

**The new Za’atri camp opened by Jordan for Syrian refugees can eventually host up to 113,000 people. Photo: UNHCR/A.McDonnell

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With “military logic winning the day” in Syria and the United Nations observer mission there unlikely to be renewed, the Security Council will consider the plight of the three million Syrians in need of humanitarian aid, the Permanent Representative of France, which hold’s the body’s rotating presidency for August, said.

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03/08/2012

LIBOR Scandal, the Biggest Blow to the Credibility of Big Banks

Human Wrongs Watch

By Martin Khor, South Centre* — The reputation and credibility of banks, regulators and the banking system in Western developed countries, already battered by the twists and turns of the financial crises, have reached new lows with the LIBOR scandal, which is still evolving and more wrong-doing involving not merely banks, but regulators too, may and perhaps will yet come out.

**The Libor (London Interbank Offered Rate) gets its name from the City of London. Credit: Simdaperce.

US media reports indicate that the US Justice Department has undertaken criminal investigations.

As Mr. Simon Johnson, Ms. Yves Smith and other specialist blogs are bringing out, the LIBOR affair shows widespread market rigging that could not have succeeded as it did without widespread collusion and conspiracy across banks and their trading (and compliance) desks.

Other specialist blogs bring out criminal conspiracy involved in rigging the market, and the need to identify, prosecute and punish not merely the traders, but those at the top.

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