This is an extremely serious revelation that contradicts past assurances about the role of the Bank of England in the Libor scandal – McDonnell

image_pdfimage_print

John
McDonnell MP, Labour’s Shadow Chancellor
, responding to reports
that the Bank of England was involved in the Libor rigging, said:

“This is
an extremely serious revelation that contradicts past assurances about the role
of the Bank of England in the Libor scandal. 

"It goes
to the very heart of whether our financial institutions can be
trusted. Therefore, it warrants an immediate high level investigation, and
the Chancellor must act straight away to ensure this happens.”

Getting things done – Magdalen Yard Road

image_pdfimage_print
Residents remarked to me how pleased they are that the council’s unadopted pavements programme is now upgrading the muddy path round the north edge of Magdalen Green to create a proper tarred footway.

As vehicles are unable to be parked in a number short sections of the road during the works, I have asked the council’s Roads Maintenance Partnership to take the opportunity to properly clean out the road edges (months of compressed leaves and dirt!) and unblock the drains – see right :

Yangtze to be hit by worse droughts, floods this year

image_pdfimage_print

The areas along the Yangtze River are likely to see more severe droughts and floods than usual this year, flood control authorities announced Monday.

During flood season this year, the river’s middle and lower reaches will see more rainfall while the upper area — except the Jinsha, Jialing, Min and Tuo rivers — will see up to 30 percent less precipitation than normal years, said Cui Jiangxue, deputy secretary-general of the Yangtze River Flood Control and Drought Relief Headquarters.

According to meteorological and hydrological forecasts, drought and floods in the river basin will occur at the same time, he said at a meeting in Wuhan, capital of central China’s Hubei Province.

The headquarters urged provinces and cities along the river to track weather conditions closely and improve flood control measures.

Heavy rain along the river since January has resulted in landslides and floods in some areas.

Due to rainfall in the middle and upper reaches, the volume of water entering the Three Gorges Reservoir almost doubled to 13,000 cubic meters per second in the 24 hours starting 2 p.m. Saturday.

The water inflow began to decrease Sunday afternoon and hit 10,200 cubic meters per second at 2 p.m. Monday — a record high since 1993. The inflow of the reservoir will continue to drop Tuesday.

More than 500 ships are waiting to pass through the dam’s ship locks.

Yangtze to be hit by worse droughts, floods this year

image_pdfimage_print

The areas along the Yangtze River are likely to see more severe droughts and floods than usual this year, flood control authorities announced Monday.

During flood season this year, the river’s middle and lower reaches will see more rainfall while the upper area — except the Jinsha, Jialing, Min and Tuo rivers — will see up to 30 percent less precipitation than normal years, said Cui Jiangxue, deputy secretary-general of the Yangtze River Flood Control and Drought Relief Headquarters.

According to meteorological and hydrological forecasts, drought and floods in the river basin will occur at the same time, he said at a meeting in Wuhan, capital of central China’s Hubei Province.

The headquarters urged provinces and cities along the river to track weather conditions closely and improve flood control measures.

Heavy rain along the river since January has resulted in landslides and floods in some areas.

Due to rainfall in the middle and upper reaches, the volume of water entering the Three Gorges Reservoir almost doubled to 13,000 cubic meters per second in the 24 hours starting 2 p.m. Saturday.

The water inflow began to decrease Sunday afternoon and hit 10,200 cubic meters per second at 2 p.m. Monday — a record high since 1993. The inflow of the reservoir will continue to drop Tuesday.

More than 500 ships are waiting to pass through the dam’s ship locks.

Over 500 crocodile products seized in south China

image_pdfimage_print

Over 500 crocodile products seized in south China. [Photos: Chinanews.com] 

Border police in southern China’s Guangxi Zhuang Autonomous Region said Monday they had seized 537 products made from Siamese crocodiles, a protected species.

The products, including 370 pieces of crocodile skin, 90 tails and 77 specimens, were detected on a logistics vehicle attempting to cross the China-Vietnam border in early March.

The police thoroughly examined the vehicle after noticing that its goods were unusually placed. The driver also failed to provide official document for transporting the products.

The skins were around 43 centimeters wide and at least 1.2 meters long apiece. The longest specimen was nearly two meters long.

Siamese crocodiles are a critically endangered species native to Southeast Asia. Their skin is used as a raw material for luxury leather products on the international market. In China, it is illegal to raise them without a license or to trade and traffic them.