Mystery trader buys all Europe's cocoa

Even Willy Wonka might struggle to use this much chocolate. Yesterday, somebody bought 241,000 tonnes of cocoa beans. The purchase was enough to move the entire global cocoa market, sending the price to the highest level since 1977, and triggering rumours and intrigue in the City. It is unclear which person, or group of traders, was behind the deal, but it was the largest single cocoa trade for 14 years. The cocoa beans, which are sitting in warehouses either in The Netherlands, Hamburg, or closer to home in London, Liverpool or Humberside is equivalent to the entire supply of the...

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ANOTHER AID VESSEL TO ARRIVE FROM LEBANON

SNIPPET: "Free Palestine Movement, Reporters with Borders say plan to send ship carrying dozens of activists, European MPs to Gaza as early as next weekend" SNIPPET: "The Turkish-owned Mavi Marmara ship and the Irish-owned Rachel Corrie ship are not alone: Two non-governmental Lebanese organizations announced Saturday that the plan to send an aid vessel of their own to the Gaza Strip as early as next weekend. In a press conference in Beirut, the Free Palestine Movement and Reporters without Borders organization announced that the ship, which will be carrying humanitarian aid, will include passengers interested in expressing their solidarity, as...

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Clarke and Dawe ask the million dollar questions

KERRY O'BRIEN, PRESENTER: Time for John Clarke and Bryan Dawe with a few reflections on Europe's financial woes. BRYAN DAWE: Your name is Roger yes? JOHN CLARKE: Roger. BRYAN DAWE: Ah, that's your name? JOHN CLARKE: Roger. BRYAN DAWE: Good. And what do you do Roger? JOHN CLARKE: I'm a financial consultant. BRYAN DAWE: Ah, financial consultant, eh? JOHN CLARKE: Roger, yes. BRYAN DAWE: Terrific and Roger how is business at the moment? JOHN CLARKE: Not bad thank you. Been a bit quiet lately. BRYAN DAWE: How do you mean lately? JOHN CLARKE: Since the war. Been a bit quiet....

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‘Brussels, Capital of the Free World!’: Joe Biden at the European Parliament

Joe Biden’s May 6 speech to the European Parliament appears to have been largely ignored by the American media, both old and new. The full performance can be viewed below. The video comes complete with images (at 0:18 of the clip) of Biden puffing out his chest as Beethoven’s “Ode to Joy,” the unofficial EU anthem, is played. ----click on link for amazing video and analysis

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Europeans Fear Crisis Threatens Liberal Benefits

PARIS — Across Western Europe, the “lifestyle superpower,” the assumptions and gains of a lifetime are suddenly in doubt. The deficit crisis that threatens the euro has also undermined the sustainability of the European standard of social welfare, built by left-leaning governments since the end of World War II. Europeans have boasted about their social model, with its generous vacations and early retirements, its national health care systems and extensive welfare benefits, contrasting it with the comparative harshness of American capitalism. Europeans have benefited from low military spending, protected by NATO and the American nuclear umbrella. They have also translated...

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Crisis Imperils Liberal Benefits Long Expected by Europeans [Keep Importing More Third World!]

Crisis Imperils Liberal Benefits Long Expected by Europeans By STEVEN ERLANGER May 22, 2010 PARIS — Across Western Europe, the “lifestyle superpower,” the assumptions and gains of a lifetime are suddenly in doubt. The deficit crisis that threatens the euro has also undermined the sustainability of the European standard of social welfare, built by left-leaning governments since the end of World War II. Europeans have boasted about their social model, with its generous vacations and early retirements, its national health care systems and extensive welfare benefits, contrasting it with the comparative harshness of American capitalism. Europeans have benefited from low...

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Republicans introduce bill to prevent Euro bailout

After a week of preemptive attacks on a possible IMF bailout of Greece, Rep. Mike Pence (R-Ind.) introduces the European Bailout Protection Act, aimed at preventing taxpayer dollars from going to a rescue plan. "This legislation would require that countries like Greece cut spending and put their own fiscal house in order," says Pence, backed up by other members of the House GOP, "instead of looking to the United States for a bailout. We face record unemployment and a debt crisis of our own, and American taxpayers should not be forced to bear the risk for nations that have avoided...

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