International Developments

? “Police fired tear gas . . . on protesters [in Cairo] calling for the reinstatement of the ousted Islamist president, Mohamed Mursi”. Both sides have rebuffed the US Deputy Secretary of State’s overtures.

? President Bashar al-Assad’s forces in Syria are putting “pressure on rebel-held districts of Damascus.”

? “Thousands of Chinese nationals have been deported from Ghana in a crackdown on the plunder of the country’s gold by illegal miners.”  Video.

? Claiming “western-style education [is] a ‘plot against Islam’, Boko Haram leader calls for more schools attacks after dorm killings” in Nigeria where 46 students were burned alive.

? “DR Congo M23 rebels battle army troops near Goma City.”

? “Burma’s president vows to releases [sic] all political prisoners.”

? “Italian police [are] investigating far-right militants suspected of hanging nooses [on lampposts] to protest Italy’s first black minister Cecile Kyenga, two days after a senator compare [sic] her to an orangutan.” Unbelievable.

International Finance

? “A Chilean appeals court ruled against the world’s largest gold mining company on Monday, favoring Chilean Indians who accused Barrick Gold Corp. of contaminating their water downstream.”  The court also ordered Barrick to repair environmental damage and monitor 3 glaciers adjacent to the mine.

? “Spain’s Prime Minister Mariano Rajoy is facing renewed calls to resign after a newspaper published text messages allegedly linking him to the man at the centre of a secret payments scandal.”

? “Eurozone crisis live: Greek police officers protest; Spain’s PM refuses to resign.”

? They’re still at work on the Libor scandal over in the UK, with “criminal fraud charges” now filed against a couple of “former interdealer brokers”.

? Oh, noooos.  “China Accuses [the UK’s] GlaxoSmithKline Of Enormous And Elaborate Bribery Network.”  Involves travel agencies, doctors, hospitals, officials, prostitutes and $450million in bribes.

France’s “socialist-led coalition is introducing a slew of new, groundbreaking laws to control rents and cap real estate agent fees” so that low- and moderate-income families aren’t squeezed out of Paris; also “giving property owners a state insurance system against unpaid rent”.

Money Matters USA

? Amid record homelessness and the highest rent in the city’s history, . . . 1 million [New Yorkers] in rent-regulated apartments [face] a rent increase of at least 4 percent [while] millionaires [receive] massive tax breaks for . . . buying luxury condos under a program intended for low-income housing.”

? “Citigroup profits rise 42% amid deep cost-cutting programme”.  $4.18bn profit, 2nd quarter. [cont’d.]

“At the Beach” by Edward Potthast, via Flam on Flickr

Dan Wright

Dan Wright

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