Home » Archives by category » News (Page 2389)
Christine Lagarde faces inquiry over €285m payout for Sarkozy ally

Judge orders investigation into controversial decision made by new IMF chief in 2007 when she was French finance minister A French court has ordered a formal investigation into whether the IMF head Christine Lagarde abused her position when she was finance minister in allowing a huge state settlement to a businessman friend of President Nicolas Sarkozy. The court of justice of the republic, a special tribunal qualified to judge ministers, ruled there were grounds to examine Lagarde’s role in arbitrating in favour of the controversial tycoon Bernard Tapie in 2008. Tapie, the former owner of the football club Olympic Marseille and Socialist minister, served a seven-month jail term in 1997 for match-fixing and has a tax fraud conviction. In recent years he has made a remarkable public comeback as an actor, singer, chatshow host – and prominent supporter of the president. The Largarde investigation concerns a decades-long legal dispute Tapie had with a former state-owned bank which he claimed cheated him when handling the 1993 sale of his Adidas sports empire. In 2007, Lagarde ended the dispute by ordering a special panel of judges to arbitrate an out-of-court settlement. They ruled that Tapie should receive €285m (£247m) in damages from the public purse, a ruling that scandalised opposition politicians. A judicial inquiry will now examine Lagarde’s decision to order arbitration instead of letting the Tapie affair be decided by the courts. It will also consider whether she refused expert advice to appeal against the huge payout, simply allowing Tapie to walk away with his cheque. The French inquiry into Lagarde is likely to drag on for years and could cast a shadow over her leadership of the IMF. At the end of the investigation, judges will decide whether she should face trial. Lagarde has denied any misconduct in the case. Lagarde, a lawyer who was one of Sarkozy’s most popular ministers, took over leadership of the IMF in Washington on 5 July after the former head, Dominique Strauss-Kahn, resigned amid allegations he attempted to rape a New York hotel maid. Lagarde’s lawyer, Yves Repiquet, immediately issued a statement saying the French judicial inquiry would not affect her IMF duties. “This procedure is in no way incompatible with the current functions of the managing director of the IMF,” he said. Christine Lagarde IMF Nicolas Sarkozy France Marseille guardian.co.uk

Continue reading …
Christine Lagarde faces inquiry over €285m payout for Sarkozy ally

Judge orders investigation into controversial decision made by new IMF chief in 2007 when she was French finance minister A French court has ordered a formal investigation into whether the IMF head Christine Lagarde abused her position when she was finance minister in allowing a huge state settlement to a businessman friend of President Nicolas Sarkozy. The court of justice of the republic, a special tribunal qualified to judge ministers, ruled there were grounds to examine Lagarde’s role in arbitrating in favour of the controversial tycoon Bernard Tapie in 2008. Tapie, the former owner of the football club Olympic Marseille and Socialist minister, served a seven-month jail term in 1997 for match-fixing and has a tax fraud conviction. In recent years he has made a remarkable public comeback as an actor, singer, chatshow host – and prominent supporter of the president. The Largarde investigation concerns a decades-long legal dispute Tapie had with a former state-owned bank which he claimed cheated him when handling the 1993 sale of his Adidas sports empire. In 2007, Lagarde ended the dispute by ordering a special panel of judges to arbitrate an out-of-court settlement. They ruled that Tapie should receive €285m (£247m) in damages from the public purse, a ruling that scandalised opposition politicians. A judicial inquiry will now examine Lagarde’s decision to order arbitration instead of letting the Tapie affair be decided by the courts. It will also consider whether she refused expert advice to appeal against the huge payout, simply allowing Tapie to walk away with his cheque. The French inquiry into Lagarde is likely to drag on for years and could cast a shadow over her leadership of the IMF. At the end of the investigation, judges will decide whether she should face trial. Lagarde has denied any misconduct in the case. Lagarde, a lawyer who was one of Sarkozy’s most popular ministers, took over leadership of the IMF in Washington on 5 July after the former head, Dominique Strauss-Kahn, resigned amid allegations he attempted to rape a New York hotel maid. Lagarde’s lawyer, Yves Repiquet, immediately issued a statement saying the French judicial inquiry would not affect her IMF duties. “This procedure is in no way incompatible with the current functions of the managing director of the IMF,” he said. Christine Lagarde IMF Nicolas Sarkozy France Marseille guardian.co.uk

Continue reading …

A panting “sex tape” of polygamist Warren Jeffs allegedly raping a 12-year-old “spiritual bride” while uttering her name was played for a Utah jury yesterday before prosecutors rested their bigamy and sex assault case against the cult leader. As the tape ends, Jeffs proclaims: “In the name of Jesus Christ….

Continue reading …
Swedish Man Caught Trying To Split Atoms In His Home

ScumBagSteve_ says: http://on.msnbc.com/obMEAc – #tfb – Swedish man caught trying to split atoms in his home

Continue reading …
Morgan Spurlock Hulu

cabletvkiller says: RT @ hulu : @ Hulu ‘s first long-form, original show “A Day in the Life” w/ @ MorganSpurlock ! Blog http://t.co/vcVPqFy , Press release http://t.co/hZLc6Q8

Continue reading …
Halle Berrys Ex Marries Princes

Ina3121 says: Halle – Berrys – ex – marries – Princes -former-wife- The Times of India http://t.co/YMfDdyX

Continue reading …
Alex Rodriguez Poker

baseballstan says: On The Real Significance Of Alex Rodriguez … – Baseball Nation: Alex Rodriguez is being investigated for his p… http://bit.ly/mYW3Dj

Continue reading …
Niger delta oil spills clean-up will take 30 years, says UN

A succession of oil spills by Shell and other companies over half a century will cost $1bn to clean up, according to a major report • Read the UN’s Ogoniland report here Cleaning up a succession of oil spills in the Niger delta that have occurred over five decades will cost $1bn and take up to 30 years, according to a major UN report into oil contamination in the region. The United Nations Environment Programme (Unep) will announce on Thursday that Shell and other oil companies have for half a century systematically contaminated and failed to clean up a 1,000 square kilometre area of the Niger delta with devastating consequences for human health and wildlife. A leaked summary of Unep’s Ogoniland study – the first major scientific study of pollution in the oil rich area – has been seen by the Guardian. It calls for a $1bn clean-up fund and says it will take 25-30 years to restore the environment. Much of the funding for the clean-up would need to come from the oil companies. The three-year-long investigation records heavy contamination of land and underground water courses more than 40 years after oil was spilled; communities’ drinking water with dangerous concentrations of benzene and other pollutants; and soil contamination reaching more than five metres deep in many areas studied. It recommends that emergency measures be taken to warn communities and immediately remediate drinking water wells, and that Shell and other companies working throughout the delta should completely overhaul the way they operate. The Unep team of more than 50 international pollution experts collected more than 4,000 samples of soil, fish and air and investigated in-depth 69 out of many hundreds of historical oil spills that have taken place in Ogoniland in the past 50 years. The team studied 5,000 medical records and held 260 meetings with communities. It is expected that the report will act as a baseline study for a massive clean-up operation that the UN wants to see. Other findings include: • Most of the oil spill sites that the companies claim to have cleaned up are still highly contaminated; • Oil companies have dumped contaminated soil in unlined pits; • Bodies of water are coated with hydrocarbons more than 1,000 times the level allowed by Nigerian drinking water standards; • Shell and other companies have not met minimum Nigerian requirements or their own standards. Oil drilling in Ogoniland ceased in 1994 after Shell was ejected from the communities for widespread pollution and failing to help development in the area. More than £30bn of oil has been extracted from the area but the vast majority of people are worse off than before the companies arrived. “Even though oil operations have ceased in Ogoniland, oil spills continue to occur in alarming regularity. Since life expectancy in Nigeria is less than 50 years it is a fair assumption that most people in Ogoniland have lived with chronic oil pollution throughout their lives,” the report says. “Ogoniland has a tragic history of pollution but systematic scientific information has been absent about the ensuing contamination,” says the report. Because oil company records and investigations of spills in the delta are heavily disputed and politically sensitive, the UN has been careful not to apportion blame for any particular spill. But because Shell subsidiary Shell Petroleum Development Corporation which works in partnership with the Nigerian government, has been by far the largest operator in the region, the report will be seen as effectively an investigation of their practices. The independent report was paid for in part by Shell, and commissioned by the Nigerian government. The UN team was clearly shocked at some of their findings. In one place, Ejama Ebubu, the study found heavy contamination from a spill that took place more than 40 years ago “despite repeated clean up attempts”. In Nisisoken Ogale in Eleme, close to a Nigerian national petroleum company pipeline, researchers found 8cm of refined oil floating on ground water that served community wells. “Pollution of soil is extensive and widespread and severely impacting,” says the report, which will be presented to the president, Goodluck Jonathan, in the Nigerian state capital Abuja on Thursday and will be released on Friday in London. “The widespread pollution of Ogoniland as documented does not come as a surprise because the manifestation is physical and people have been living in that putrid situation of decades now,” said Nnimmo Bassey, chair of Friends of the Earth International and director of Nigeria-based Environment Rights Action . “Now we know that it will take up to 30 years to remediate the impacts, especially on the mangroves of the region. The entire saga smacks of a situation of complete livelihoods decimation of the Ogoni people.” “Unep’s recommendation that an Environmental Restoration Fund for Ogoniland be set up with a take off sum of $1bn is applauded. But we need a larger fund for the entire Niger delta.” On Wednesday the Guardian revealed that Shell had accepted responsibility for two massive oil spills in the region that devastated a community of 69,000 people . Combined, the spills could be larger than the 1989 Exxon Valdez disaster in Alaska and Shell faces a bill of hundreds of millions of dollars in compensation. Oil spills Pollution Oil Oil Energy Fossil fuels Nigeria Africa United Nations Royal Dutch Shell Oil and gas companies Natural resources and development John Vidal guardian.co.uk

Continue reading …
Niger delta oil spills clean-up will take 30 years, says UN

A succession of oil spills by Shell and other companies over half a century will cost $1bn to clean up, according to a major report • Read the UN’s Ogoniland report here Cleaning up a succession of oil spills in the Niger delta that have occurred over five decades will cost $1bn and take up to 30 years, according to a major UN report into oil contamination in the region. The United Nations Environment Programme (Unep) will announce on Thursday that Shell and other oil companies have for half a century systematically contaminated and failed to clean up a 1,000 square kilometre area of the Niger delta with devastating consequences for human health and wildlife. A leaked summary of Unep’s Ogoniland study – the first major scientific study of pollution in the oil rich area – has been seen by the Guardian. It calls for a $1bn clean-up fund and says it will take 25-30 years to restore the environment. Much of the funding for the clean-up would need to come from the oil companies. The three-year-long investigation records heavy contamination of land and underground water courses more than 40 years after oil was spilled; communities’ drinking water with dangerous concentrations of benzene and other pollutants; and soil contamination reaching more than five metres deep in many areas studied. It recommends that emergency measures be taken to warn communities and immediately remediate drinking water wells, and that Shell and other companies working throughout the delta should completely overhaul the way they operate. The Unep team of more than 50 international pollution experts collected more than 4,000 samples of soil, fish and air and investigated in-depth 69 out of many hundreds of historical oil spills that have taken place in Ogoniland in the past 50 years. The team studied 5,000 medical records and held 260 meetings with communities. It is expected that the report will act as a baseline study for a massive clean-up operation that the UN wants to see. Other findings include: • Most of the oil spill sites that the companies claim to have cleaned up are still highly contaminated; • Oil companies have dumped contaminated soil in unlined pits; • Bodies of water are coated with hydrocarbons more than 1,000 times the level allowed by Nigerian drinking water standards; • Shell and other companies have not met minimum Nigerian requirements or their own standards. Oil drilling in Ogoniland ceased in 1994 after Shell was ejected from the communities for widespread pollution and failing to help development in the area. More than £30bn of oil has been extracted from the area but the vast majority of people are worse off than before the companies arrived. “Even though oil operations have ceased in Ogoniland, oil spills continue to occur in alarming regularity. Since life expectancy in Nigeria is less than 50 years it is a fair assumption that most people in Ogoniland have lived with chronic oil pollution throughout their lives,” the report says. “Ogoniland has a tragic history of pollution but systematic scientific information has been absent about the ensuing contamination,” says the report. Because oil company records and investigations of spills in the delta are heavily disputed and politically sensitive, the UN has been careful not to apportion blame for any particular spill. But because Shell subsidiary Shell Petroleum Development Corporation which works in partnership with the Nigerian government, has been by far the largest operator in the region, the report will be seen as effectively an investigation of their practices. The independent report was paid for in part by Shell, and commissioned by the Nigerian government. The UN team was clearly shocked at some of their findings. In one place, Ejama Ebubu, the study found heavy contamination from a spill that took place more than 40 years ago “despite repeated clean up attempts”. In Nisisoken Ogale in Eleme, close to a Nigerian national petroleum company pipeline, researchers found 8cm of refined oil floating on ground water that served community wells. “Pollution of soil is extensive and widespread and severely impacting,” says the report, which will be presented to the president, Goodluck Jonathan, in the Nigerian state capital Abuja on Thursday and will be released on Friday in London. “The widespread pollution of Ogoniland as documented does not come as a surprise because the manifestation is physical and people have been living in that putrid situation of decades now,” said Nnimmo Bassey, chair of Friends of the Earth International and director of Nigeria-based Environment Rights Action . “Now we know that it will take up to 30 years to remediate the impacts, especially on the mangroves of the region. The entire saga smacks of a situation of complete livelihoods decimation of the Ogoni people.” “Unep’s recommendation that an Environmental Restoration Fund for Ogoniland be set up with a take off sum of $1bn is applauded. But we need a larger fund for the entire Niger delta.” On Wednesday the Guardian revealed that Shell had accepted responsibility for two massive oil spills in the region that devastated a community of 69,000 people . Combined, the spills could be larger than the 1989 Exxon Valdez disaster in Alaska and Shell faces a bill of hundreds of millions of dollars in compensation. Oil spills Pollution Oil Oil Energy Fossil fuels Nigeria Africa United Nations Royal Dutch Shell Oil and gas companies Natural resources and development John Vidal guardian.co.uk

Continue reading …
‘Hairspray’ Cast Reunite for Hollywood Bowl

Original ‘Hairspray’ stars, Marissa Jaret Winokur and Harvey Fierstein, have reunited to rehearse for a one-off concert version of the musical at the Hollywood Bowl. (Aug. 4)

Continue reading …