Spain has followed Iceland’s footsteps by charging their top bankers for failed Bank leading the loss of Millions of Euros for smaller investors. Last year, Iceland jailed nine of its top bankers for a total of 46 years for crimes relating to the 2008 economic crash. Spains Supreme court last year ruled that there was “serious inaccuracies” about listing led investors to back bankia in error, as a result the bank has paid out millions of Euros in compensation.
Freethoughproject reports: This, of course, markedly departs from the mammoth taxpayer giveaway — commonly referred to as the bailout — approved by the U.S. government ostensively to “save” the Big Banks and, albeit unstated, allow the enormous institutions to continue bilking customers without the slightest fear of penalty. But Spanish authorities could not abide the telling findings of a yearlong investigation into the failed listing, as Wolf Street explains, “As part of the epic, multi-year criminal investigation into the doomed IPO of Spain’s frankenbank Bankia – which had been assembled […]
The expected rollback to federal climate science has begun.
In its preliminary budget proposal, the Trump administration has targeted environmental protections and climate change research. And while the cuts are essentially an opening salvo in what promises to be a fight with Congress once the budget requests formally arrive, they also demonstrate the level of hostility many scientists feared their work would face from the White House.
The administration is seeking a nearly 20 percent cut to the National Oceanic and Atmospheric Administration’s budget, including to its satellite division, The Washington Post reported. That includes significant cuts to the National Environmental Satellite, Data and Information Service, which has produced research that disproved the notion of a global warming pause. NOAA’s satellites provide invaluable data on climate change that are used by researchers throughout the world. The NOAA cuts target the Office of Ocean and Atmospheric Research, which conducts the bulk of the agency’s climate research.
That’s on top of proposed reductions to […]
WASHINGTON — Days after the Senate confirmed him as administrator of the Environmental Protection Agency, Scott Pruitt appeared at the Conservative Political Action Conference and was asked about addressing a group that probably wanted to eliminate his agency.
“I think it’s justified,” he responded, to cheers. “I think people across the country look at the E.P.A. the way they look at the I.R.S.”
In the days since, Mr. Pruitt, a former Oklahoma attorney general who built a career out of suing the agency he now leads, has moved to stock the top offices of the agency with like-minded conservatives — many of them skeptics of climate change and all of them intent on rolling back environmental […]
WASHINGTON — The Trump administration is examining the website of the Environmental Protection Agency to determine which information will remain, underscoring concerns that climate change and other scientific data might be removed.
WASHINGTON — Arts groups across the country are preparing to battle President Trump to keep intact the National Endowment for the Arts and the funding it provides to state and local groups.
Americans for the Arts is mobilizing some 5,000 local councils, agencies and funders and 300,000 “citizen activists” to flood members of Congress with calls, sign a petition to the White House and generally get the message out about the importance of the arts and federally funding them as Trump finalizes his budget in the coming weeks.
Americans for the Arts President Robert Lynch, who has also reached out to the White House himself, says he wants Trump and his team to know federal support for the arts creates jobs and stimulates economic growth, “the very things that the president is saying he wants […]