Link to this page: http://www.socialistparty.org.uk/issue/693/13128

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:

Gas:

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

State:

triangleBurkina Faso: Mass uprising ousts dictator

triangleUS led bombings will worsen divisions

Bankers:

triangleFraudster bankers couldn't give a Forex

triangleRegulating the banks? Don't make me laugh!

Energy:

triangleSocialist change to halt climate change

triangleStop corporate plunder of Bangladesh energy

RBS:

trianglePay me - I'm a banker!

Olympic Games:

triangleThe shame of sexism in sport

Gaza:

triangleEast London Socialist Party: What is the future for Gaza?

News and socialist analysis

News and socialist analysis

26/11/14

Housing

Housing crisis! What do socialists say?

26/11/14

Education

Education: "a hurricane of ill thought initiatives"

26/11/14

NHS

Hands off our NHS

26/11/14

Them & Us

Them & Us

26/11/14

Poverty

14 day deadline to breadline

26/11/14

Socialist

Rochester: 'Business as usual' politics falling apart

19/11/14

PCS

Solidarity vital to defend trade union rights

19/11/14

NHS

Workers unite to defend the NHS

19/11/14

Football

The beautiful game looking ugly

19/11/14

Bankers

Fraudster bankers couldn't give a Forex

19/11/14

Minimum wage

Rotten to the Greencore

19/11/14

Kent

Toxic mix in Rochester and Strood byelection

19/11/14

Them & Us

Them & Us

14/11/14

Socialist

Socialist Party attacked in attempt to undermine student fightback

12/11/14

Tax

'A magical fairyland' of corporate tax avoiders

triangleMore News and socialist analysis articles...

An anti-water tax placard in Galway, 11 November 2014

triangle26 Nov Ireland: establishment attacks water tax protests

The Socialist Students contingent on the 19 November 2014 free education march in London, photo Jonny Dickens

triangle26 Nov Students march for free education

Campaigning for rent control in Waltham Forest, East London, photo Sarah Wrack

triangle26 Nov Housing crisis! What do socialists say?

triangle26 Nov Anger erupts in Ferguson over acquittal of killer cop

triangle26 Nov College UCU strikes against imposed new contracts

triangle26 Nov North-west TUSC conference: 'People are looking for an alternative'

Save Strood library

triangle25 Nov Rochester: 'Business as usual' politics falling apart

More ...

triangle27 Nov Waltham Forest Socialist Party: Can the Greens provide workers with a political voice?

triangle27 Nov West London Socialist Party: 'Hat debate'

triangle27 Nov Swansea, Llanelli & West Wales Socialist Party: 50 years of socialist ideas

triangle27 Nov Southwark Socialist Party: Liverpool - a socialist council 1983-1987

More ...

Share on Facebook
Share on Twitter
Visit us on Youtube

Find us on Facebook

Archive

Categories

1-9 

1-9 


Archives:

November 2014

October 2014

September 2014

August 2014

July 2014

June 2014

May 2014

April 2014

March 2014

February 2014

January 2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2001

2000

1999

Legal

SP RSS feed RSS

Platform setting: = No platform choice