GlaxoSmithKline fined $3bn for healthcare fraud | Business | The Guardian

Culture of corruption emerging in formerly trusted Western institutions! Greed corrupts absolutely!

http://www.guardian.co.uk/business/2012/jul/02/glaxosmithkline-drug-fraud

Bob Diamond resigns from Barclays - live | Business | guardian.co.uk

Not Loch Ness!

Very interesting the migration of North American ideas about banking morality and compliance. Will resignation of North Americans from Barclays Executive list lead to renewal of honest practices in London! Very different cultures of behaviour now clash openly!

Barclays needs a return of morning prayers!!

http://www.guardian.co.uk/business/2012/jul/03/bob-diamond-quits-barclays?CMP=EMCNEWEML1355

U.S. Adds Forces in Persian Gulf, a Signal to Iran - NYTimes.com

Another step closer to war!

http://www.nytimes.com/2012/07/03/world/middleeast/us-adds-forces-in-persian-gulf-a-signal-to-iran.html?_r=1&nl=todaysheadlines&emc=edit_th_20120703