Link to this page:

From The Socialist newspaper, 9 November 2011

News in brief

Bonus bonanza

RBS, the bank that became synonymous with greedy speculative bankers (Fred 'the shred' Goodwin), huge corporate losses and publicly funded bailouts, has once again rewarded its top investment bankers with a 500 million pay and bonus pot. This sum works out at one million pounds for each fat cat and comes on top of a similar payout last year when RBS recorded a 1.1 billion loss.

It's heart-warming that the bank has sensitively shown its appreciation of a bottomless public purse in these hard times!

No legacy

Back in July, Olympic officials and tourism chiefs were boasting that the multi-billion pound London 2012 Olympic games would be a major boost for the tourism industry.

However, the European Tourism Operators Association expects a 30% fall in visitors in the month before the games, and this decline possibly lasting months or years.

But there are some winners, most notably sponsors like BP, recently granted a government licence for deepwater drilling operations in the North Sea, and EDF, which has just ramped up its gas and electricity prices by an average of 10%.

Fracking crazy

The environmentally dangerous 'fracking' method of energy companies to extract gas deposits from underground shale rock, has not stopped the Scottish Environmental Protection Agency from granting licences to energy companies to use this method in Scotland.

It comes only days after an independent report concluded that two earthquakes in the Blackpool area in April and May were almost certainly caused by fracking, and that drilling the well by Cuadrilla Resources had resulted in a further 48 smaller tremors this year.

Moreover, the state of Oklahoma in the USA is investigating whether a 20-fold+ jump in the number of earthquakes in the past two years is connected to an increase in fracking there.

According to a seismologist at the Oklahoma Geological Survey the number of earthquakes recorded in the state soared from its average of about 50 a year to 1,047 last year and is likely to match or break that record this year.

Friends like this

The Israeli state is notorious for recently brutalising peaceful Gaza freedom flotilla protesters, sanctioning new settler land grabs in the Palestinian West Bank, and impoverishing its population. And now the Israeli ambassador to the UN has been seen cosying-up to extreme far-right politicians.

Ron Prosor, the Israeli diplomat, was pictured chatting to Marine Le Pen the leader of France's racist National Front (FN) party. Le Pen described their conversation as "warm".

Most Israelis will be appalled by this. After all Marine's father and former leader of the FN, Jean-Marie Le Pen, said that the Nazi gas chambers were merely a "point of detail of the history of the Second World War".

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.

In The Socialist 9 November 2011:

Fighting the cuts

Build for 30 Nov strike - The fight of all our lives!

Socialist Party event

Socialism 2011: Crucial preparation for the fightback

Socialist Party youth and students

Jarrow march ends, fightback continues

We won't pay 9K! - Scrap tuition fees

Socialist Party workplace news

Unison members say YES to strike

Southampton: Sink Tory cuts!

Bombardier protest against job losses

Workplace news in brief

Socialist history

1935 - when angry Welsh protests forced a government u-turn

1915 - How strikes and rent strikes won gains for Scottish tenants

International socialist news and analysis

Failed G20 summit takes eurozone nearer to the abyss

Greek workers must resist the dictatorship of finance capital

Socialist MEP among Gaza peace activists kidnapped by IDF

Israel: General strike over job security

Socialist Party news and analysis

Housing slump

Miliband the militant? No way!

News in brief


Facebook   Twitter

Home   |   The Socialist 9 November 2011   |   Join the Socialist Party

Subscribe   |   Donate   |   Bookshop

Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Related links:


triangleClimate change: Summit for nothing

triangleThem & Us

triangleEnergy giants' profits continue to defy the laws of gravity

triangleFracking: short-term profit before safety

triangleSystem change to save the environment


triangleOppose the TTIP agreement

triangleCardiff West Socialist Party: The role of the capitalist state

triangleUSA: Ferguson erupts over police killing

triangleSocialism and national rights


triangleRegulating the banks? Don't make me laugh!

triangleInclusive capitalism? You're having a laugh!


triangleStop corporate plunder of the energy sector in Bangladesh

triangleThem & Us


trianglePay me - I'm a banker!

Olympic Games:

triangleThe shame of sexism in sport


triangleWatford anti-cuts union: Stop the onslaughts on Gaza!

News and socialist analysis

News and socialist analysis



Local government pay: Reject employers' proposal



1.6 million vote Yes in revolt against austerity


Climate change

Climate change: Summit for nothing



Labour to continue austerity offensive


Working class

After Scotland revolt: all capitalist parties in crisis


Local government

United strike action can win


Minimum wage

We need 10 an hour now!



Scotland's referendum: A working-class revolt



1.6 million vote Yes in a working class revolt against austerity



Keep hospital services in the NHS


Minimum wage

10 NOW!


Socialist Students

Students: fight to end austerity and capitalism



Step up fight against Tories


Them & Us

Them & Us



"Britain will never be the same again"

triangleMore News and socialist analysis articles...

triangle30 Sep Hong Kong: Massive anti-government protests after attempted police...

Professor Anu Mohammad, Member Secretary, Committee to protect oil gas and mineral resources in bangladesh, photo Socialist Party

triangle29 Sep Stop corporate plunder of the energy sector in Bangladesh

triangle26 Sep Local government pay: Reject employers' proposal

Hackney council workers striking for better pay on 10 July 2014, photo Paul Mattsson

triangle24 Sep United strike action can win

triangle24 Sep We need 10 an hour now!

triangle24 Sep Hunger for socialist ideas in Scotland post-referendum

triangle23 Sep Scotland's referendum: A working-class revolt

More ...

triangle1 Oct Kingston Socialist Party & Socialist Students: Scotland after the independence referendum

triangle1 Oct Salford Socialist Party: Reclaim the Game - Capitalism, Football and the Premier League

triangle2 Oct London Socialist Party: War and Revolution

triangle7 Oct Harrogate Socialist Party: After the Scottish referendum - Where next for the UK?

More ...

Share on Facebook
Share on Twitter
Visit us on Youtube

Find us on Facebook






October 2014

September 2014

August 2014

July 2014

June 2014

May 2014

April 2014

March 2014

February 2014

January 2014

















Platform setting: = No platform choice