“We, members of the U.K. science community, have the utmost confidence in the observational evidence for global warming and the scientific basis for concluding that it is due primarily to human activities. The evidence and the science are deep and extensive,” the statement posted to the Met Office Web site said.

“They come from decades of painstaking and meticulous research, by many thousands of scientists across the world who adhere to the highest levels of professional integrity.”

via 1,700 UK scientists back climate science

As if Airbus and Boeing didn?t have enough to worry about already, the looming debt crisis in Dubai has cast a shadow over a backlog of aircraft orders, worth more than $60 billion, from Dubai, Inc.

via Dubai Crisis Threatens Airbus and Boeing, Too

Dubai has shocked investors by asking for a debt standstill at Dubai World, the government?s flagship holding company that has developed some of the world?s most extravagant real estate projects.

via? Dubai shock after debt standstill call.

A debt standstill is a mechanism by which a country agrees to cease payments on its debts until a restructuring agreement has been negotiated with its creditors.

I guess Dubai just went “belly- up”. Is this going to lead to another panic as Citi alone? is exposed for $1.9bn

The mystery over the Bank of England’s ?62billion secret loans deepened yesterday as ministers refused to say whether other banks had sought similar lifelines.

Chancellor Alistair Darling dodged the issue when delivering an emergency statement in the Commons, saying he would not provide a ‘running commentary’ on the topic.

via Lord Myners refuses to say if other banks were given secret loans as he backs Bank’s ?61bn lifeline to RBS and Halifax

Paul Tucker, the Bank?s deputy governor, told the Treasury select committee: ?If we hadn?t have done it, the [economic] cycle would have been a lot worse …This was a dire emergency.?

via Bank secretly lent RBS and HBOS ?61.6bn.

?If we hadn?t have done it, the [economic] cycle would have been a lot worse”.

I’ve been told that so many times and I always wonder “How does he (they) know this?

Maybe it would be worse for pig bankers -and that would be OK with me.

Gordon Brown raised the possibility of a global tax on financial transactions on Saturday in a move that threatened to reignite international tensions over the regulation of the banking industry and upstage the Group of 20 meeting of finance ministers and central bank governors.

via? Brown floats global tax on banks.

STFU!

The banking sector must be overhauled as profoundly as in the wake of the Great Depression or financiers will “game the state” over and over again, the head of the Bank of England’s financial stability arm has warned.

via Bank of England says financiers are fuelling an economic ‘doom loop’

Very much like what is going on in the USA!

KYIV, Ukraine?A pneumonia believed to be similar to the H1N1 virus has killed 86 people in Ukraine as of Wednesday, according to the country?s Ministry of Health.

via Epoch Times – Flu Epidemic Spreads Across Ukraine, Killing 86.

The Bank of Japan said Friday it will terminate some of the emergency financing measures it initiated after a global credit crunch took hold in late 2008 because the environment for corporate funding has since improved.

The central bank said it will halt outright purchases of corporate bonds and commercial paper from financial institutions at the end of December as scheduled, but will continue to offer unlimited 0.1 percent interest loans to banks with approved collateral through March 2010.

via BOJ to end some emergency financing steps