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Balfour Beatty gives up £2.25m after SFO probe
Monday 06th October 2008
Balfour Beatty, the UK construction group, has been forced to surrender £2.25 million in unlawful proceeds after a Serious Fraud Office (SFO) investigation found inaccurate accounting practices at an Egyptian joint venture. The payment, which will be swelled by Balfour Beatty’s contribution towards the SFO’s costs, relates to accounting irregularities at a joint venture between Balfour and an Egyptian company established to build the Bibliotheca Alexandrina in Alexandra, Egypt in 1996.
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In search of monsters to destroy
Monday 06th October 2008
Neoliberalism was founded on fraudulent financial engineering underwritten by "shock and awe barbarity". The latter fell apart in Afghanistan and Iraq. The former, based on debt reinforced by brute might, came unstuck soon after and we are in the midst of a full blown credit crisis. The frightening question now is how will a humiliated and bankrupt "hyperpower" react to the required savage downsizing?
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India and the US marching on
Monday 06th October 2008
Wednesday's near conclusion of a civilian nuclear deal between the United States and India has already been described as a "non-proliferation disaster". But for Washington and Delhi, apart from lucrative business opportunities, the accord is a major step in a military relationship that could blossom into a fully fledged alliance.
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In poverty and strife, Afghan women test limits
Monday 06th October 2008
Changes in women's lives in Bamian are an enormous step for Afghanistan as a whole. And they may point the way to broader possibilities for women, eventually, if peace can be secured in this very conservative Muslim society, which has been dominated by militia commanders and warlords during the last 30 years of war. In a country with low rankings on many indicators of social progress, women and girls are the most disadvantaged.
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A champion not honored in her own land
Monday 06th October 2008
Heba Said Ahmed, who had polio as a child, won a gold medal in power lifting at the Paralympic Games in China this summer. She broke a world record in her 82.5-kilogram, or 181-pound, weight class, lifting 152.5 kilograms. She was lauded as an Egyptian Hercules but in reality the plight of the disabled in Egypt serves as familiar reminders that medals and world records were never the point for Ahmed.
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Boomtown of Dubai feels effects of global crisis
Monday 06th October 2008
As recession looms in the West, cracks are appearing in the oil-fueled boom that has made Dubai, with its futuristic skyscrapers on the turquoise waters of the Gulf, a global byword for unfettered growth. Banks are reining in lending, casting a pall over corporate finance and building plans. Oil prices have been dropping. Stock markets across the region have been falling since June. After insisting for days that the oil-rich Gulf region was fully "insulated" from financial troubles abroad, the Emirates' Central Bank made about $13.6 billion available on Sept. 22 to ease credit problems, in an echo of bailout measures in the United States.
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Seas turn to acid as they soak up CO2
Monday 06th October 2008
The world's seas are absorbing so much carbon dioxide that they are 30 per cent more acidic than they were at the start of the Industrial Revolution. The change is three times greater and has happened 100 times faster than at any other time during the past 20 million years.
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Muslim row MP gets immigration job
Monday 06th October 2008
There is no shortage of anti-Muslim hysteria In Europe and the surge in Islamophobia has reached new heights. Sensible debate has been replaced by racist and bigoted opinions that feed the flames of hatred and are just a step away from past scenes from Europe's darkest hour.
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When it comes to Palestine and Israel, the US simply doesn't get it
Monday 06th October 2008
"Palestinians ceased to exist in the United States on Thursday night. Both Joe Biden and Sarah Palin managed to avoid the use of that poisonous word. "Palestine" and "Palestinians" – that most cancerous, slippery, dangerous concept – simply did not exist in the vice-presidential debate. The phrase "Israeli occupation" was mercifully left unused. Neither the words "Jewish colony" nor "Jewish settlement" – not even that cowardly old get-out clause of American journalism, "Jewish neighbourhood" – got a look-in. Nope", writes Robert Fisk.
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Talks with Taliban the only way forward in Afghanistan, says UK commander
Monday 06th October 2008
The freedom crusaders's shock and awe barbarity campaign has liberated thousands of innocent civilians from their lives. While the crusaders have now seen that defeat is at hand, they are now spinning their war to a victory that is non-existent. But victims of the barbarity could be less forgiving and blowback that dwarfs the 11 September attacks could be a nightmarish reality.
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