Storm causes major power outage
by PHILLIP WILLIAMS
Jul 27, 2014 | 0 0 comments | 40 40 recommendations | email to a friend
A thunderstorm Wednesday night caused power outages to thousands of area meters served by the Gilmer-based Upshur Rural Electric Cooperative and Shreveport-based Southwestern Electric Power Company...
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A painted sign for a public house named 'The Banker' is seen in the City of LondonBy Huw Jones LONDON (Reuters) - Miscreant bankers face having their bonuses clawed back for up to seven years after their award under measures set out on Wednesday by the Bank of England, as it tightens its regulatory clampdown on wrongdoing in the financial sector. The measures, some of the world's toughest on the financial sector, are the Bank's latest attempt to avoid a repeat of the multi-billion pound taxpayer bailouts of Royal Bank of Scotland and Lloyds which marked the peak of the financial crisis of 2008 and 2009 in Britain. Despite the scale of the crisis, few bankers were subsequently punished for reckless behaviour and the sector's hefty bonuses remain a focus of public concern, given they have been blamed for encouraging the excessive risk-taking for rich short-term rewards which led to the financial sector meltdown. The rule goes beyond the Bank of England's proposal in a consultation paper in March for a clawback of bonuses up to six years from the date they were fully paid out.


2014-07-30 13:39:07 -0500

FILE - This Sept. 25, 2007 file photo shows an Iraqi traffic policeman inspecting a car destroyed by a Blackwater security detail in al-Nisoor Square in Baghdad, Iraq. A former Blackwater security guard says he decided to tell the truth about his role in the shooting of 32 Iraqi civilians in a Baghdad square because he wants to move on with his life, even though it might mean he probably will go to prison. Jeremy Ridgeway is testifying against four of his former colleagues who would face long prison terms if convicted of killing 14 Iraqis and wounding 18 others in Nisoor Square. Ridgeway is the prosecution's chief cooperating witness in the case focusing on events that happened seven years ago. He has pleaded guilty to voluntary manslaughter and attempted manslaughter. The trial has been underway for more than one month. (AP Photo/Khalid Mohammed, File)WASHINGTON (AP) — A former Blackwater security guard said Wednesday that he decided to tell the truth about his role in the shootings of 32 Iraqis because he wants to move on with his life, even though it means he probably will go to prison.


2014-07-30 13:38:01 -0500
'Christmas in July' as Gilmer bond rating improves two notches
by PHILLIP WILLIAMS
Jul 27, 2014 | 0 0 comments | 21 21 recommendations | email to a friend
The city of Gilmer has received an unexpected two-step improvement in its bond rating for general obligation debt, a move which could save the city interest when it borrows, City Manager Jeff Ellin...
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