Frontpage: Thursday, July 5th
- Fukushima a ‘Man-Made Disaster’: A parliamentary inquiry into last year’s nuclear accident at the Fukushima Daiichi Nuclear Power Plant concludes that Japanese conformist culture and government-industry alliances were to blame. “It was a profoundly man-made disaster that could and should have been foreseen and prevented,” declared the report.
- Barclay’s Scandal to Spread: It’s been a rough week for Bob Diamond. First he was forced to resign from his position as CEO of Barclays after the bank came under fire for falsifying interest rates and then, Wednesday, he was raked over the coals by parliament. But Barclays is hardly the only bank that will undergo investigation for manipulating the London interbank offered rate (Libor). Other banks also projected artificially low rates at the beginning of the financial crisis to give the impression that they were not suffering.
- Wikileaks to Release 2.4M Syrian Emails: Uh oh Assad, you’ve got some explaining to do. WikiLeaks announced Thursday that it is publishing 2.4 million Syria emails, several from government accounts. An official said that the emails show a relationship between Assad’s government and Western companies.
- ECB Drops Rates to Record Low: The European Central Bank’s benchmark interest rate has dropped from 1 percent to 0.75 percent—its lowest level ever—in an effort to keep the euro from deteriorating any further. The cut will likely be welcomed by politicians and economists alike.
- Obama Going on Blue-Collar Bus Tour: Now that the Fourth of July celebration is over, President Obama is hitting the road. His first bus tour of the 2012 campaign will take him to several cities in battleground states like Ohio and Pennsylvania to court, specifically, male, blue-collar workers.
Photo via picturedept:
Happy Birthday America
The 4th of July celebration in Washington DC, July 4th, 2007
(Carol M. Highsmith’s America, Library of Congress, Prints and Photographs Division)
Or watch San Diego’s firework show, which, due to a malfunction, went off all at once.