Iain Banks, the acclaimed Scottish sf and thriller writer, has joined with an illustrious list of prominent Scots in calling on the British government to reform the Royal Bank of Scotland. RBS received a titanic tax-funded bailout (much of which was diverted into a stupendous pension for Fred Goodwin, the bank's erstwhile CEO, who led it to ruin), which means that the taxpayer is now a major shareholder in the bank. But the bank is still refusing to lend to Britons who need mortgages, preferring instead to make dirty investments in climate-wrecking tar-sands in Alberta, as well as taking the astonishing step of loaning money to Kraft, an American firm, which is trying to buy Cadbury's a British firm -- if Kraft succeeds, then RBS will have funnelled British workers' pay into a loan that resulted in the shut-down of British factories and sent British jobs to America.
More than 30 signatories, including Gordon Roddick, who founded the Body Shop with his late wife Anita, leading green campaigner Tony Juniper and Rev Ian Galloway, convenor of the Church of Scotland, take the government to task for failing to push RBS and the other bailed-out banks into supporting socially useful investments.
Celebrities, MPs and clergy urge government to rein in RBS
In their letter, written to mark the first anniversary of the British taxpayer becoming its largest shareholder, they call on Darling to transform RBS into the "Royal Bank of Sustainability".
The strongly-worded communication criticises the Treasury for standing on the sidelines while RBS took a controversial decision to support US foods group Kraft in its bid for chocolate maker Cadbury, despite the fact the bid will put jobs at risk and therefore work against the interests of the UK taxpayer. The bank's conduct has also raised eyebrows in the City because it breached protocol by neglecting to inform Cadbury of its planned defection to the Kraft camp, despite having a decades-long relationship with the confectioner.
Iphone 6s that have been repaired by independent service centers are bricking themselves, seemingly permanently, with a cryptic message about “Error 53.”
CBS announced today that ailing and aging media mogul Sumner M. Redstone, who is 92, has resigned as the company’s executive chairman. Leslie Moonves, CEO, has now taken the role of chairman.
Solid Oak Sketches has filed copyright registrations in the tattoo designs that decorate the bodies of some of basketball’s biggest stars (LeBron James, Kobe Bryant, Kenyon Martin, DeAndre Jordan, Eric Bledsoe, etc), and has sued Take-Two Software, maker of NBA 2K16 and other basketball video games, for reproducing tattoos as part of the likenesses of […]
Plastic is so 2013. You don’t want to buy something only to throw it away or lose it and barely care. You like nice things and want to hang onto them. The Plazmatic lighter here is a high quality, high tech alternative to the typical cheap, plastic lighter you get at the old gas station. […]
Real engineers build things. Super cool engineers build things with their hands and fingers, like our engineering forefathers did. No idea where to even begin to do that? This step by step Arduino course is now 92% off and is going to get you up and running, from zero to hero, in no time. So […]
How do Google and YouTube really work? It turns out, Python kind of runs things around those parts. And with this bootcamp, you’ll get whipped into shape and ready to start programming yourself. Whether you’re a Python pro and just want to sharpen your skills, or a total tech newbie with little or no coding […]