By Juliette Garside – Greg Smith resigns as executive director of Goldman’s European equity derivatives business after devastating attack A Goldman Sachs director in London has resigned after publishing a devastating open letter accusing senior staff of being “morally bankrupt” and bent on extracting maximum fees from clients by offloading…
By Alison Flood – Researchers use Walden author’s tables of flowering dates in 1840s Massachusetts to show temperature has risen 2.4C Fittingly for a man seen as the first environmentalist, Henry David Thoreau, who described his isolated life in 1840s Massachusetts in the classic of American literature Walden, is now…
Antitrust investigation expands to include mobile search, where Apple and Google split $1.3bn of revenues in 2011 By Charles Arthur A US antitrust investigation into Google has subpoenaed Apple to find out more information about the deal by which the search giant provides services for the iPhone and iPad, according to Bloomberg, citing sources inside…
Iran launched a “sophisticated cyber-attack” in an attempt to disrupt the BBC’s Persian service, which is watched by over seven million viewers weekly, the broadcaster’s chief was to claim Wednesday. Director-general Mark Thompson is expected to use Wednesday’s address to the Royal Television Society to accuse Iran of trying to “undermine” the popular service, according…
Federal officials unveiled a new model of detention facility for low-risk immigration violators in Texas — designed in every way not to resemble a jail, though it still is one. The civil detention center in rural Karnes City, Texas is a 608-bed facility for male immigration detainees deemed not to pose a threat to themselves or others. Immigration and Customs…
The Federal Reserve slightly upgraded its view of the US economy, saying the jobs market and consumer and business spending had improved since January. But it kept its ultra-low interest rate and its liquidity-boosting bond repurchase operations in place, citing the depressed housing sector and the lack of inflationary pressures. The outcome of the…
Joining the queue at the CapMac food truck in downtownWashington one sunny lunch hour, Rebecca Harman sums up what’s so special about macaroni and cheese, one of America’s top national dishes. “It’s hot, it’s rich and its heavy,” said Harman, a government employee, waiting for her high-carbohydrate serving of pasta laden with melted cheese.…
US Defense Secretary Leon Panetta on Wednesday called the Koranburning and killing of 16 Afghans “deeply troubling” incidents that had challenged the war effort in Afghanistan. Visiting Afghanistan just days after a shooting spree by a US soldier, he insisted that NATO and Afghan forces were making progress and had to stay focused on…
An Indian Hindu guru may be the last emissary the Taliban expect, but Sri Sri Ravi Shankar would love to teach inner peace to the world’s most notorious Islamist insurgents. Visiting Pakistan for the first time in eight years, he basks in the diplomatic rapprochement that made the trip possible…