IMF Warns Second Bailout Would 'Threaten Democracy'
TIMES ONLINE: The public will not bail out the financial services sector for a second time if another global crisis blows up in four or five years time, the managing-director of the International Monetary Fund warned this morning.

Dominique Strauss-Kahn told the CBI annual conference of business leaders that another huge call on public finances by the financial services sector would not be tolerated by the “man in the street” and could even threaten democracy.

"Most advanced economies will not accept any more [bailouts]...The political reaction will be very strong, putting some democracies at risk," he told delegates.

"I do believe that the financial sector needs to contribute both to the costs of the financial crisis and to reduce recourse to public funds in the future," he said.

Mr Strauss-Kahn said that imposing high capital ratio requirements on banks was one price the financial services sector must pay to prevent the threat of further multi-billion dollar bailouts.

He pointed to the debate in the US over the Troubled Asset Relief Programme and said that in many countries, including France and Germany, he doubted that politicians would secure the mandate needed to secure any further bail-outs if banks got in to trouble again, in several years' time.

Europe is in dispute over the spiralling cost of the global economic bailout, with Germany and France calling for a reduction in state support as their economies have shown signs of an upturn. >>> Angela Jameson and Elizabeth Judge | Monday, November 23, 2009

Video: UAE Torture Recording Threatens to Derail Nuclear Deal with United States
UAE Sheikh Issa tortures an Afghan businessman in Abu Dhabi
TIMESONLINE: A videotape showing a member of the United Arab Emirates Royal Family torturing a man is threatening a multibillion-dollar nuclear power deal between the US and the Gulf kingdom.

The 45-minute tape shows a man that the Government of Abu Dhabi has acknowledged is Sheikh Issa bin Zayed al-Nahyan — one of 22 royal brothers of the UAE President and Abu Dhabi Crown Prince — mercilessly and repeatedly beating a man with a cattle prod and a nailed board, burning his genitals and driving his Mercedes over him several times. He is assisted by a uniformed policeman.

The fallout from the film — which was smuggled out of the UAE by a former business associate of the sheikh — has reached all the way to the Oval Office, where the civilian nuclear deal, awaiting the signature of President Obama, remains unsigned. A senior US official has said that the Administration is holding off certifying the treaty as a direct result of the film.

The deal was sealed on January 15 during President Bush’s last week in office, but needs to be recertified by the new Administration. Under its terms, the US agrees to provide technology and equipment to help the UAE to develop civilian nuclear power plants. In return, the UAE pledges to abide by the Nuclear Non-proliferation Treaty and not to reprocess its spent nuclear fuel.

Jim McGovern, the Democratic co-chairman of the congressional Human Rights Commission, viewed the tape last week and told The Times that it was “one of the most horrific things I have ever seen in my life”. In the tape the sheikh is seen torturing an Afghan grain salesman he claims has cheated him.

Mr McGovern has written to Hillary Clinton, the US Secretary of State, expressing his “outrage, horror and revulsion” about the tape and demanding that all sales and transfers of technology to the UAE, “including nuclear”, be suspended. He calls on Mrs Clinton to take a lead role in the investigation. He also told The Times that he would hold congressional hearings into the issue. “If the UAE think this is going to blow over, they are wrong,” he said. The case will be a further test of the Obama Administration’s commitment to human rights. >>> Tim Reid in Washington | Friday, May 1, 2009

'The BNP Are Now a Bigger Threat Than Ever'
THE INDEPENDENT: Labour fears the far right will win its first European seats in June, Harriet Harman tells Andrew Grice

Labour is facing its biggest threat from the BNP, Harriet Harman admits today, as the party gears up to prevent the far right group from winning its first seats in nationwide elections this June for the European Parliament.

In an interview with The Independent Ms Harman, the Leader of the Commons, who is heading Labour's election effort in in her role as the party's chairman and deputy leader, said Labour was launching its biggest-ever campaign targeting the BNP. "It is a worry," she said. "Certainly they [the BNP] are a bigger threat than they have been before."

Labour fears the BNP could land two or three seats in the European elections, which are fought under a proportional representation (PR) system based on huge regional constituencies. Labour believes the BNP threat is greatest in the North West, where its leader, Nick Griffin, is a candidate; Yorkshire and the Humber and the East and West Midlands. >>> Andrew Grice | Friday, April 10, 2009

One Mad Muslim! Obama Must Convert To Islam, Or Else...