Friday, January 22, 2010

What Friday's papers are saying

As Goldman Sach's announces 57 per cent pay rises,Barcak Obama declares war on the banks.

According to the Times,

The proposals, regarded as the biggest regulatory crackdown on banks since the 1930s, would limit the size of institutions and bar them from the most cavalier trading practices. Mr Obama hopes that the move will reset his flagging presidency.

The Mail says that the average employee at the giant investment bank scooped £308,000 in salary, bonuses and other benefits in 2009 - £112,000 more than they got the year before.

The Independent says that

The cash is its employees' cut of $45bn (£27.7bn) in revenues that the company enjoyed in 2009, a year after the financial system was bailed out by governments around the world and pump-primed with cheap money from central banks.

The Chilcott inquiry sprung to life yesterday as Jack Straw gave evidence as the Guardian leads with news that it emerged last night that Gordon Brown will give evidence to the Chilcot inquiry before the general election on his role in the Iraq war to answer allegations made by a stream of witnesses.

The Independent says that Jack Straw warned Tony Blair that regime change could never be justification for British troops invading Iraq and suggested alternatives just weeks before military action began.

Motorists and air passengers face higher “green taxes” under Conservative plans to fund tax breaks for married couples says the Telegraph adding that the money raised will be earmarked for a new “family fund” to cut income tax for families.

To Haiti and the Guardian reports that residents of the capital are fleeing to the countryside

Whilst the Telegraph describes how bulldozers and earth movers are being used to bury the bodies of 10,000 earthquake victims every day in mass graves carved into the hills north of Port-au-Prince.

Alive aid says the front of the Sun as a host of stars signed up to perform on the papers Helping Haiti charity single.

The Guardian reports that the Britons kidnapped by Somali pirates fears that he and his wife could be executed within days after their captors lost patience and set a deadline for a ransom to be paid.

Why did you torture those young boys? 'We were bored - there were nowt else to do' reports the Mail adding that

The attackers, aged 11 and ten, stopped battering, strangling and violating their victims with an array of weapons only because their arms were 'aching'.

There is much coverage of Hillary Clinton's speech on the internet and human rights.The Times reports that she has warned Beijing that its alleged attack on Google would have “consequences” and comparing its censorship of the internet to the Berlin Wall.

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