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It's a basic tenet of Formula One that the podium celebration takes place in a shower of champagne. Well..... not exactly. After 15 years, the deal for Mumm to sponsor the sport has ended. And the new sponsor is half a name and not a champagne.

Bryan Edwards

It is fascinating that the USA is having a panic attack about the spread of Da'esh / ISIS by means of propaganda. It is also ironic, given the cultural imperialism that the USA has applied through the entertainment industry - and continues to do so, shaping thinking in so many ways that even in the UK, we find ourselves dominated not by the USA's sharpest minds but by the excessively puerile.

And yet the parallels of how Da'esh / ISIS and the USA spread their messages, and reinforce them, are striking.

Nigel Morris-Cotterill

Pay attention: when I told you in 2006 that all the signs were present for a US housing crisis that would engulf the world in a financial crisis, you didn't listen. When I told you in 2007 that the crisis was happening and organised a conference to discuss strategies to prepare for and manage it, you didn't listen and you didn't come to the conference. If you were invited as a speaker, you denied there was a problem and declined to speak.

So, listen now: ...

Nigel Morris-Cotterill

After the fact insurance is nothing new - but it's supposed to be taken out with the consent of the insurance company. California is suffering from a glut of frauds where motor crashes take place, insurance is then taken out and a claim made under the policy. That's not right, say the authorities.

Editorial Staff
BIScom Subsection: 

Fidelity National Financial Inc, is a Florida-based title insurance company. District attorneys in California alleged that the company used a software system that "facilitated illegal secret payments to brokers for business referrals to title insurers and other providers."

Editorial Staff
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Sung Kook (Bill) HWANG has entered into an agreement - without admitting or denying the allegations - with the USA's Securities and Exchange Commission over the activities of two private funds: Tiger Asia Fund, L.P., and Tiger Asia Overseas Fund, Ltd.

Editorial Staff
BIScom Subsection: 

The Jakarta Post reports that it has seen a copy of a draft banking Bill which has been "specifically developed to target foreign banks operating here," it says.

Editorial Staff
BIScom Subsection: 

The USA's Securities and Investment Commission has commenced administrative (i.e. civil) proceedings against Linda Dianne Alexander, a 70 year old living in California, alleging that she has conducted a prime bank investment fraud since 2004 - and in doing so was offering securities despite being unregistered or associated with a registered broker-dealer.

Editorial Staff
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The Securities and Exchange Commission today sued AMMB Consultant Sendirian Berhad (AMC), a Malaysian investment adviser, alleging that for more than a decade, AMC charged a U.S. registered fund for advisory services that it did not request and that AMC did not provide. The total cost to the company in the USA? USD3,125,000.

Editorial Staff

The US Commodity Futures Trading Commission has imposed an agreed penalty of USD200 million on Barclays PLC, Barclays Bank PLC and Barclays Capital, Inc for attempting to manipulate LIBOR and Euribor rates and making false reports to obscure its financial position during the global financial crisis. But there have also been settlements with the US Department of Justice and the UK's Financial Services Authority. The total of fines and penalties is substantial. And other banks may be in the firing line, too.

Editorial Staff
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