Hot on the heels of Wells Fargo's $1.2 billion settlement, Bloomberg reports that Goldman Sachs will pay $5.1 billion to settle a U.S. probe into its handling of mortgage-backed securities involving allegations that loans weren’t properly vetted before being sold to investors as high-quality bonds.
After growing pressure from an increasingly angry populous, Prime Minister David Cameron of Britain speaks to parliament on measures to curb tax evasion after admitting last week that he had profited from an offshore account. Of course, he "did nothing wrong," but opposition leaders smell the blood in the water so close to the Brexit decision... pushing for an Icelandic end to this controversy.
British attack submarines are preparing to return to the Arctic for the fist time in almost a decade. The Royal Navy suspended Arctic patrols in 2007, following a fatal incident where two sailors were killed during an exercise. The Sunday Times reported that UK navy officers are set to undergo training to navigate below ice and break through ice covers on a US submarine before being deployed to the Arctic Activity in the resource-rich area has started to heat up, with interest coming from a number of nations, including Russia.
Washington Continues To Destroy Latin American Reformers
Paul Craig Roberts
Over the past year, the US State Department had repeatedly objected to the proposed Russian delivery of S-300 missile defense systems to Iran. One year ago, the issue first came up when as CNN reported then John Kerry raised objections with Moscow over a plan to sell advanced missile defense systems to Iran. The White House said Kerry made the US opposition clear in a phone call to Russian Foreign Minister Sergey Lavrov.