Let's start with Matt Taibbi's article "Everything is Rigged: The Biggest Price-Fixing Scandal Ever" in Rolling Stone. Let me quote:
You may have heard of the Libor scandal, in which at least three –
and perhaps as many as 16 – of the name-brand too-big-to-fail banks have
been manipulating global interest rates, in the process messing around
with the prices of upward of $500 trillion (that's trillion, with a "t")
worth of financial instruments. When that sprawling con burst into
public view last year, it was easily the biggest financial scandal in
history – MIT professor Andrew Lo even said it "dwarfs by orders of
magnitude any financial scam in the history of markets."
That was bad enough, but now Libor may have a twin brother. Word has
leaked out that the London-based firm ICAP, the world's largest broker
of interest-rate swaps, is being investigated by American authorities
for behavior that sounds eerily reminiscent of the Libor mess.
Regulators are looking into whether or not a small group of brokers at
ICAP may have worked with up to 15 of the world's largest banks to
manipulate ISDAfix, a benchmark number used around the world to
calculate the prices of interest-rate swaps.
"It's a double-conspiracy," says an amazed Michael Greenberger, a former director of the
trading and markets division at the Commodity Futures Trading Commission
and now a professor at the University of Maryland. "It's the height of
criminality." Read the article here.
Next, a study led by a senior research scientist from MIT announced in a peer-reviewed paper that glyphosate, the active ingredient in Monsanto's Roundup herbicide, may be "the most
biologically disruptive chemical in our environment, being responsible
for a litany of health disorders and diseases including inflammatory bowel disease, obesity, depression, ADHD, autism,
Alzheimer’s disease, Parkinson’s disease, ALS, multiple sclerosis,
cancer, cachexia, infertility, and developmental malformations."
The herbicide's "Negative impact on the body is insidious and manifests
slowly over time as inflammation damages cellular systems throughout the
body," they write. Keep reading...
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