Cash from organized crime ‘rescued’ banks during crisis: UN official

The vast majority of an estimated $352 billion in proceeds of organized crime, mostly from the drug trade, was funneled through the global banking system during the financial crisis of the past two years, and in some cases, the money rescued banks from collapse, says the head of the UN Office on Drugs and Crime.

Antonio Maria Costa told the UK Observer that intelligence agencies and prosecutors alerted him 18 months ago to evidence that drug money was being “absorbed into the financial system.”

“In many instances, the money from drugs was the only liquid investment capital,” Costa said. “In the second half of 2008, liquidity was the banking system’s main problem and hence liquid capital became an important factor.”

The Observer reports:

Some of the evidence put before his office indicated that gang money was used to save some banks from collapse when lending seized up, [Costa] said.

“Inter-bank loans were funded by money that originated from the drugs trade and other illegal activities… There were signs that some banks were rescued that way.” Costa declined to identify countries or banks that may have received any drugs money, saying that would be inappropriate because his office is supposed to address the problem, not apportion blame. But he said the money is now a part of the official system and had been effectively laundered.

Gangs are now believed to make most of their profits from the drugs trade and are estimated to be worth £352bn, the UN says. They have traditionally kept proceeds in cash or moved it offshore to hide it from the authorities. It is understood that evidence that drug money has flowed into banks came from officials in Britain, Switzerland, Italy and the US.

Read the complete Observer article here.

Costa has been head of the UN’s drug and crime office since 2002, and is known for his tough stance on illicit drugs, including marijuana. He recently warned that Africa is becoming a major drug hub, following an investigation into the crash of a Boeing 727 in Mali that had flown in from Venezuela carrying 10 tons of cocaine.

ARTICLE FROM The Observer:

Drug money saved banks in global crisis, claims UN advisor

Drugs and crime chief says $352bn in criminal proceeds was effectively laundered by financial institutions

Drugs money worth billions of dollars kept the financial system afloat at the height of the global crisis, the United Nations‘ drugs and crime tsar has told the Observer.

Antonio Maria Costa, head of the UN Office on Drugs and Crime, said he has seen evidence that the proceeds of organised crime were “the only liquid investment capital” available to some banks on the brink of collapse last year. He said that a majority of the $352bn (£216bn) of drugs profits was absorbed into the economic system as a result.

This will raise questions about crime’s influence on the economic system at times of crisis. It will also prompt further examination of the banking sector as world leaders, including Barack Obama and Gordon Brown, call for new International Monetary Fund regulations. Speaking from his office in Vienna, Costa said evidence that illegal money was being absorbed into the financial system was first drawn to his attention by intelligence agencies and prosecutors around 18 months ago. “In many instances, the money from drugs was the only liquid investment capital. In the second half of 2008, liquidity was the banking system’s main problem and hence liquid capital became an important factor,” he said.

Some of the evidence put before his office indicated that gang money was used to save some banks from collapse when lending seized up, he said.

“Inter-bank loans were funded by money that originated from the drugs trade and other illegal activities… There were signs that some banks were rescued that way.” Costa declined to identify countries or banks that may have received any drugs money, saying that would be inappropriate because his office is supposed to address the problem, not apportion blame. But he said the money is now a part of the official system and had been effectively laundered.

“That was the moment [last year] when the system was basically paralysed because of the unwillingness of banks to lend money to one another. The progressive liquidisation to the system and the progressive improvement by some banks of their share values [has meant that] the problem [of illegal money] has become much less serious than it was,” he said.

The IMF estimated that large US and European banks lost more than $1tn on toxic assets and from bad loans from January 2007 to September 2009 and more than 200 mortgage lenders went bankrupt. Many major institutions either failed, were acquired under duress, or were subject to government takeover.

Gangs are now believed to make most of their profits from the drugs trade and are estimated to be worth £352bn, the UN says. They have traditionally kept proceeds in cash or moved it offshore to hide it from the authorities. It is understood that evidence that drug money has flowed into banks came from officials in Britain, Switzerland, Italy and the US.

British bankers would want to see any evidence that Costa has to back his claims. A British Bankers’ Association spokesman said: “We have not been party to any regulatory dialogue that would support a theory of this kind. There was clearly a lack of liquidity in the system and to a large degree this was filled by the intervention of central banks.”

(CNN) — Moussa Dadis Camara, the military leader of the West African nation of Guinea, was shot and wounded in an attack on his presidential convoy, an official said.

His “life is not in any danger,” said the regime’s minister of state for presidential affairs, Maj. Keletigui Faro. “The situation is under control.”

The attack occurred on Thursday in Conakry, the nation’s capital, Faro said. Read the full story

Learn how you can help fight AIDS and HIV in Africa by purchasing your favorite Starbucks items today (December 1, 2009)!

Read the full story

Posted by Ralph Bernardo on November 30, 2009

One of the most interesting things I found out about in this 60 Minutes story is that Wal-Mart is the largest gold retailer in the United States. Here at Disinfo, we distributed Robert Greenwald’s Wal-Mart: The High Cost of Low Price, and here’s another troubling consequence to add to this idea, that low price doesn’t come without costs that you, the consumer, may not be aware of. Costs that can make you think twice about exactly what you are buying.

Scott Pelley reports on 60 Minutes:

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* Brazil says hunger a “weapon of mass destruction”

* Summit declaration dilutes hunger and farm aid targets

* Berlusconi the only G8 leader attending

By Silvia Aloisi and Daniel Flynn

ROME, Nov 16 (Reuters) – The United Nations said on Monday that agreeing a climate change deal in Copenhagen next month is crucial to fighting global hunger, which Brazil’s president described as “the most devastating weapon of mass destruction”.

Government leaders and officials met in Rome for a three-day U.N. summit on how to help developing countries feed themselves, but anti-poverty campaigners and even some participants were already writing off the event as a missed opportunity. Read the full story

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Facebook users can join the ‘Leonid Meteor Shower 2009′ event and learn more by clicking here!

Nov. skywatch: Leonid meteor shower, Jupiter

November brings sky watchers a cornucopia of astronomical delights. Read the full story

Trafigura chartered the Probo Koala to take the waste to Africa. Photograph: Raigo Pajula/AFP

The British oil trader Trafigura has offered to pay out in a historic damages claim from 31,000 Africans injured by the dumping of toxic waste in one of the worst pollution disasters in recent history, the Guardian can reveal. Read the full story

UK Gags Guardian, but Twitter Airs Suppressed Story

Social media site explodes with toxic waste scandal

(Newser) – The Guardian has been slapped with an unprecedented gag order forbidding it from reporting on a question in the British parliament, as well as who asked the question and why it’s being gagged. The paper says constitutional rights are being infringed upon and it’s already suing—but meanwhile, the suppressed story is already the talk of Twitter. Three of this morning’s top trending topics relate to the energy company Trafigura allegedly dumping toxic waste in Africa, which the Guardian revealed last month. Read the full story

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EDIS Number: EH-20090925-23295-NGA
Date / time: 25/09/2009 07:31:03 [UTC]
Event: Epidemic Hazard
Area: Africa
Country: Nigeria
State/County: State of Adamawa
City: Unknow
Number of Deads: 76 persons
Number of Injured: None or unknow
Damage level: Minor

Description:

At least 71 people have been confirmed dead and other 746 lying critically ill of a yet to be diagnosed disease in northeast Nigeria's Adamawa State, reported on Friday. Bubakari Musa Kamale, state commissioner for information, confirmed the death toll, saying the nature of the disease has not been determined. The official said the state government is waiting for the outcome of the specimen sent for analysis. The epidemic has continued unabated for the past weeks, he said, ruling out the outbreak of cholera. "This is a strange disease that is characterized by excessive vomiting, diarrhea, high fever and in some instances, coughing," said the commissioner. According to Kamale, the samples have since been sent for analysis to teaching hospitals in southwest Nigeria's Oyo State and northern Borno State, as well as to France and the United States. He said the state government had taken measures to arrest the situation from spreading by providing drugs to the Health Ministry for administration in the affected areas.

By Steve Connor, Science Editor

Wednesday, 9 September 2009

The conventional view of human evolution and how early man colonised the world has been thrown into doubt by a series of stunning palaeontological discoveries suggesting that Africa was not the sole cradle of humankind. Scientists have found a handful of ancient human skulls at an archaeological site two hours from the Georgian capital, Tbilisi, that suggest a Eurasian chapter in the long evolutionary story of man.

The skulls, jawbones and fragments of limb bones suggest that our ancient human ancestors migrated out of Africa far earlier than previously thought and spent a long evolutionary interlude in Eurasia – before moving back into Africa to complete the story of man.

Experts believe fossilised bones unearthed at the medieval village of Dmanisi in the foothills of the Caucuses, and dated to about 1.8 million years ago, are the oldest indisputable remains of humans discovered outside of Africa.

But what has really excited the researchers is the discovery that these early humans (or “hominins”) are far more primitive-looking than the Homo erectus humans that were, until now, believed to be the first people to migrate out of Africa about 1 million years ago.

The Dmanisi people had brains that were about 40 per cent smaller than those of Homo erectus and they were much shorter in stature than classical H. erectus skeletons, according to Professor David Lordkipanidze, general director of the Georgia National Museum. “Before our findings, the prevailing view was that humans came out of Africa almost 1 million years ago, that they already had sophisticated stone tools, and that their body anatomy was quite advanced in terms of brain capacity and limb proportions. But what we are finding is quite different,” Professor Lordkipanidze said.

“The Dmanisi hominins are the earliest representatives of our own genus – Homo – outside Africa, and they represent the most primitive population of the species Homo erectus to date. They might be ancestral to all later Homo erectus populations, which would suggest a Eurasian origin of Homo erectus.”

Speaking at the British Science Festival in Guildford, where he gave the British Council lecture, Professor Lordkipanidze raised the prospect that Homo erectus may have evolved in Eurasia from the more primitive-looking Dmanisi population and then migrated back to Africa to eventually give rise to our own species, Homo sapiens – modern man.

“The question is whether Homo erectus originated in Africa or Eurasia, and if in Eurasia, did we have vice-versa migration? This idea looked very stupid a few years ago, but today it seems not so stupid,” he told the festival.

The scientists have discovered a total of five skulls and a solitary jawbone. It is clear that they had relatively small brains, almost a third of the size of modern humans. “They are quite small. Their lower limbs are very human and their upper limbs are still quite archaic and they had very primitive stone tools,” Professor Lordkipanidze said. “Their brain capacity is about 600 cubic centimetres. The prevailing view before this discovery was that the humans who first left Africa had a brain size of about 1,000 cubic centimetres.”

The only human fossil to predate the Dmanisi specimens are of an archaic species Homo habilis, or “handy man”, found only in Africa, which used simple stone tools and lived between about 2.5 million and 1.6 million years ago.

“I’d have to say, if we’d found the Dmanisi fossils 40 years ago, they would have been classified as Homo habilis because of the small brain size. Their brow ridges are not as thick as classical Homo erectus, but their teeth are more H. erectus like,” Professor Lordkipanidze said. “All these finds show that the ancestors of these people were much more primitive than we thought. I don’t think that we were so lucky as to have found the first travellers out of Africa. Georgia is the cradle of the first Europeans, I would say,” he told the meeting.

“What we learned from the Dmanisi fossils is that they are quite small – between 1.44 metres to 1.5 metres tall. What is interesting is that their lower limbs, their tibia bones, are very human-like so it seems they were very good runners,” he said.

He added: “In regards to the question of which came first, enlarged brain size or bipedalism, maybe indirectly this information calls us to think that body anatomy was more important than brain size. While the Dmanisi people were almost modern in their body proportions, and were highly efficient walkers and runners, their arms moved in a different way, and their brains were tiny compared to ours.

“Nevertheless, they were sophisticated tool makers with high social and cognitive skills,” he told the science festival, which is run by the British Science Association.

One of the five skulls is of a person who lost all his or her teeth during their lifetime but had still survived for many years despite being completely toothless. This suggests some kind of social organisation based on mutual care, Professor Lordkipanidze said.

http://www.independent.co.uk/

Ancient skeletons discovered in Georgia threaten to overturn the theory of human evolution

By David Derbyshire
Last updated at 1:26 PM on 09th September 2009

For generations, scientists have believed Africa was the cradle of mankind.

Now a stunning archaeological discovery suggests our primitive ancestors left Africa to explore the world around 800,000 years earlier than was previously thought before returning to their home continent.

It was there – hundreds of thousands of years later – that they evolved into modern humans and embarked on a second mass migration, researchers say.

Astonishing discovery: Archaeologists have unearthed six ancient skeletons dating back 1.8 million years in the hills of Georgia

Archaeologists have unearthed six ancient skeletons dating back 1.8 million years in the hills of Georgia which threaten to overturn the theory of human evolution.

The Georgian bones  – which include incredibly well preserved skulls and teeth – are the earliest humans ever found outside Africa.

The remains belong to a race of short early humans with small primitive brains who walked and ran like modern people.

They were found alongside stone tools, animal remains and plants – suggesting that they hunted and butchered meat.

Professor David Lordkipanidze with one of the skulls from the Georgia site

Archaeologists now believe that our ancestors left for Europe at least 1.8million years ago, before returning to Africa and developing into Homo Sapiens

Prof David Lordkipanidze, the direct of the Georgian National Museum, said: ‘Before our findings, the prevailing view was that humans came out of Africa almost 1million years ago, that they already had sophisticated stone tools, and that their body anatomy was quite advanced in terms of brain capacity and limb proportions. But what we are finding is quite different’

He said Africa was still the unchallenged cradle of mankind. But he added: ‘Georgia may have been the cradle of the first Europeans.’

Their discovery muddies the already complicated history of mankind.

Archaeologists believe that the first true humans – a race of squat people called Homo habilis – evolved in Africa around 2.5 million years ago. The were followed by a taller athletic species called Homo erectus who migrated out of Africa to colonise Europe and Asia.

Outside Africa their descendents are thought to have died out. But in Africa, they turned into modern man who began a second wave of migration around 120,000 years ago.

The new finds suggest Homo erectus left Africa far earlier than was previously estimated and lived for a while in Eurasia.

Three skulls all found at the Dmanisi site

The new ancestors – found in Dmanisi – were around 150cm tall, and had brains half the size of modern people’s.

‘While the Dmanisi people were almost modern in their body proportions, and were highly efficient walkers and runners, their arms moved in a different way and their brains were tiny compared to ours,’ he told the British Science Festival at Surrey University.

‘Their brain capacity is about 600 cubic centimetres. The prevailing view before this discovery was that the humans who first left Africa had a brain size of about 1,000 cubic centimetres.

‘Nevertheless they were sophisticated tool makers with high social and cognitive skills.’

The first Dmanisi fossils were found in 2001. The most recent has only just been unearthed and its details have yet to be published in a scientific journal.

Prof Lordkipanidze said the Dmanisi bones may have belonged to an early  Homo erectus which lived in Georgia before moving on to the rest of Europe.

Or the early humans may then have returned to Africa, eventually giving rise to our own species, Homoe sapiens, he said.

‘The question is whether Homo erectus orginated in Africa or Eurasia, and if in Eurasia, did we have vice-versa migrations? This idea looked very stupid a few years ago, but not today,’ he told the British Science Festival.

www.dailymail.co.uk/

The title says it all. I want to talk to you about a little plant we like to call hemp. For those of you who don’t know already, hemp is illegal to grow in the United States. There really is no valid reason for it, all the government can come up with is “It is a marijuana plant, and marijuana is illegal, and is a drug”…. well… funny thing is, marijuana and hemp are two very different things, and you cant smoke hemp or get any sort of high from it. Therefore leading do the question… Why is hemp really illegal?

I’ve done my research, and I have found some staggering information about hemp and it’s insane amount of uses. Read the full story

FOUR people have been arrested in anti-terror raids across Melbourne that have foiled an alleged suicide attack on a Sydney army base.

About 400 police descended on homes in Melbourne and in Colac, arresting four men of Somali and Lebanese descent. Read the full story

In a daring experiment in Europe, scientists used mosquitoes as flying needles to deliver a “vaccine” of live malaria parasites through their bites.

The results were astounding: Everyone in the vaccine group acquired immunity to malaria; everyone in a non-vaccinated comparison group did not, and developed malaria when exposed to the parasites later. Read the full story