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.
Gabriella Corley is a 9 year old with Type I diabetes who’s allergic to the insulin covered by her low-income parents’ healthcare; to live, she must take Sanofi’s proprietary Apidra brand insulin, which has increased in price by 1,123% since 1996, and which is only covered to 25% by her insurer’s Pharmacy Benefit Manager, CVS.
Since the earliest days of ecommerce, analysts have predicted that retailers would use their estimations of their customers’ willingness to pay to invisibly, instantaneously reprice their goods, offering different prices to each customer.
The Intercept publishes a previously-unseen set of Snowden docs detailing more than $500,000,000 worth of secret payments by the Japanese government to the NSA, in exchange for access to the NSA’s specialized surveillance capabilities, in likely contravention of Japanese privacy law (the secrecy of the program means that the legality was never debated, so no […]
Bamboo has lots of uses beyond just being panda food. Things like bikes, roads, scaffolding, and musical instruments are made from the fast-growing grass. But unless you are participating in a tropical-themed LARP, you probably wouldn’t want a shirt made from bamboo stalks. So why do bamboo bed sheets make any sense? Because yarn extracted from […]
If you want to work in tech, but don’t have any desire to code web apps to help businesses sell things to other business, you might want to consider a career in cybersecurity. Judging from the apparent complete infiltration of Russian hackers in American cyberspace, it seems fair to speculate that there’s a major shortage of […]
All moms are different. But all moms like getting flowers on Mother’s Day, and that’s a fact (not, however a fact we can document in any fashion.) Instead of getting chewed out for forgetting to call her on the second Sunday of May, you can take care of it ahead of time with Teleflora’s flower […]