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Fatster’s Roundup

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Good evening!

International Developments

? Malala Yousafzai–15-year-old champion of education for girls in Pakistan who was shot in the head by the Taliban for being so bold–is writing a book.  It’ll be out this fall.

Three scuba divers in the Mediterranean were caught while allegedly severing an internet cable belonging to “Egypt’s main communications company”.

? Israel has set up a “field hospital” in the Golan Heights to treat wounded Syrians.

? “The rebel now in charge of the Central African Republic [will be reviewing] mining contracts signed with South African and Chinese companies”.  The Red Cross has found 78 bodies in the capital, Bangui.

? What else could possibly go wrong?  “Homegrown crystal meth industry sparks west African crime wave.”

? 11 people were killed, 22 injured by a suicide bomber attack at the US Consulate in Peshawar, Pakistan today.  5 of those killed were Pakistan security forces members.

? The US “will not be intimidated by ‘bellicose rhetoric’” from North Korea.

International Finance

? “Bail-in” is the tactic used in Cyprus to get bank customers to bail out the banks.  This “experiment” and people’s reactions, including the notion that depositors are somehow to blame, are no doubt being monitored.  Earlier, predictive article.  Update: Cyprus has eased “some bank restrictions”.

Money Matters USA

? Including “medical care of wounded veterans and expensive repairs to a [depleted] force”, the wars in Afghanistan and Iraq are projected to cost between $4 – $6 trillion. $2tr have already been spent on combat costs.

? What the banks are up to, trying to overturn “a series of tough rulings” in a “critical mortgage case”.

? You-Cannot-Make-This-Stuff-Up Dept.: “the highest-paid banker on Wall Street” is Dick Handler.

? SAC Capital paid $14m to settle an improper trading suit recently; now its portfolio manager has been arrested by the FBI.

? CEO-to-worker pay ratios:  Walmart 1,034:1; Target 597:1; Walt Disney Co  557:1; and so on. [cont’d.]

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Dan Wright

Dan Wright

Daniel Wright is a longtime blogger and currently writes for Shadowproof. He lives in New Jersey, by choice.