Archive for October, 2012

Failed Syrian Eid Ceasefire Creates Death Tolls of Over 407

Wednesday, October 31st, 2012

The Violation Documenting Center, a group that makes documentation of all the casualties of the ceasefire between the Syrian government and the rebels, has tallied that at least 407 people were killed during the celebration of Eid holiday up to Wednesday. The total number of death upon the over a year civil war has now reached 32,013.

Qatar’s Prime Minister Sheikh Hamad bin Jassem Al Thani stated that the Syrian regime is waging a “ war of extermination” even against Syrian civilians. The Qatar president also blamed the UN for just “idling” while the Syrian government killed hundreds during the four-day ceasefire.

UN-Arab League Envoy to Syria Lakhdar Brahimi was the one who proposed the ceasefire for Eid, which started on Friday and ended on Monday. However, it became evident to many Arab countries that the ceasefire was never fully observed. Qatar’s Prime Minister pointed out that Syria did comply with the truce with a special condition, that it would respond to “anything that took place on the ground”.

Brahimi recently met with Chinese and Russian officials to discuss solutions about the Syrian civil war. China has declared its support to Brahimi’s idea of having a political solution to the entire situation. China and Russia are well-known opponents who have vetoed more than once stronger actions proposed by the UN Security Council.

Source: CNN

Analysts See Conclusion for PPI Claims Still a Ways Off

Thursday, October 25th, 2012

The Financial Ombudsman Service (FOS) recently stated that they potentially receive 1,500 PPI claims per day from millions of UK customers who were mis sold PPI. While this was a 129% increase from the amount of PPI mis sold last year, the FOS and certain industry analysts saw no signs of slowing down. They mentioned that the end of PPI claims is still quite far away.

From January to June 2012, 2.2 million claims were processed by the FOS. According to the consumer group Which?, PPI mis selling is the biggest financial scandal in the United Kingdom’s history. They also warned banks and financial institutions to set aside more compensation money as their reserves might run out by the end of the year.

Barclays recently set aside £2 billion for compensation claims. Lloyds had reserved £4.3 billion and last Monday had guaranteed £700 billion for PPI compensation claims. Other banks have an average spending of £1.3 to £1.5 billion in PPI spending. The total cost of the PPI compensation package has reached £10 billion this year alone and has the potential to reach £13 billion by the end of the year.

Analysts state that even if the FOS has reached their 500,000th claim, it is still a small number compared to the population of mis sold in the United Kingdom. Industry analysts state that at the PPI crisis might definitely end by the year 2016 should the personnel in the FOS increase, new PPI claims processes become easier and faster and banks become more cooperative and avoid delaying their customers.

Argentina Wades into Assange Saga

Saturday, October 13th, 2012

The ongoing sage surrounding Wikileaks founder Julian Assange has gathered pace of late. Currently holed up in the Ecuadorian Embassy in London, Assange faces charges of sexual assault in Sweden, and is allegedly afraid of extradition to the USA where is exploits as a whistleblower are not exactly popular with the authorities. The latest twist in the tale, which has seen crowds of supporters, press and police outside the embassy building, is the intervention of the Argentine Ambassador in London, but perhaps this should have been expected. The law surrounding extradition from embassy premises is a curious one, and Assange appears to be taking advantage of diplomatic tradition.

Remember the Falklands

Alicia Castro, the Ambassador in question, is a relative newcomer to the job, having previously held posts as a stewardess with an airline, and as a union official. She is known to be close to the Argentine President, Cristina Kirchner, and is fiercely nationalistic. It is perhaps no surprises, then, that her recent outburst has compared the UK’s approach to Mr Assange’s situation with our defence of the Falkland Islands. Argentina has made noises lately about revisiting the idea of taking the islands back (let’s steer clear of the historical events for the sake of brevity), which would most likely be in breach of international law.

Arrogant British Diplomacy

Miss Castro, speaking on home radio station, said:  ‘For us Argentines, this fact [sic] that shows us the arrogance of British diplomacy, does not surprise us. ‘It is very similar to the approach taken toward the Malvinas Islands. London is being urged by the United Nations to negotiate and participate in dialogue with Argentina.’

She went on to accuse the UK of ‘violating international law’ in its dealings with the Assange case. It should be noted that, as yet, no attempt has been made to remo0ve Mr Assange from his diplomatic safe-house.

What Next for Assange?

The question of whether Julian Assange is guilty of the charges against him in Sweden seems to have been brushed aside; now, this increasingly interesting – and in some ways farcical – case has become about international and diplomatic law, and whether there is anything illegal being carried out by the UK authorities. Threats – veiled and rather listless – to remove Mr Assange from the embassy have been silenced and would undoubtedly have caused outrage in diplomatic circles. At the moment, speculation is rife as to how the embassy staff can get their visitor out, and on a plane to sunny South America, without being apprehended.