Goldman Sachs has angrily defended itself against a public campaign claiming the bank is exacerbating global food crises through its commodity trading operations.
The Wall Street bank has dismissed as "disingenuous and downright misleading" the conclusions by the World Development Movement that its activities have led to increased food prices, food riots, and poverty around the world, writes the Telegraph.
The WDM, a London-based non-governmental organisation, on Monday started an online campaign to persuade the public to report Goldman to the FSA as the biggest bank allegedly distorting commodities markets. FULL STORY...
Repossessions may hit 175,000 a year - hidden Govt report
The number of repossessions could spiral to 175,000 in 2012, an unpublished Labour document warns.
The 'worst case scenario' prediction, revealed today, would have meant record-breaking numbers of families, equal to nearly 480 every day, being evicted from their homes, writes the Daily Mail.
During the last recession, the number of repossessions peaked at 75,500 in 1991, less than half of the 'doomsday' prediction.
Since the forecast was made, however, the economy has emerged from recession - making the projected figure redundant. FULL STORY...
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