Thursday 5 July 2012

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BBC News - Bank of England pumps £50bn more into economy
ray4karma
The Bank of England has announced it will pump a further £50bn into the UK economy over the next four months through its quantitative easing (QE) programme to try and boost demand.

QE is the Bank's scheme which aims to boost the economy by buying bonds. The stimulus currently stands at £325bn.

The Bank also said it would leave UK interest rates unchanged at 0.5%.
BBC News - Bank of England pumps £50bn more into economy

Of  course, the overall picture of the world economy is not really positive, with growth slowdowns in Asia,
issues with the European financial system, Bob Diamond's testimony cannot really have helped yesterday.
It is very interesting how at these hearings, the person being questioned, squirms, obfuscates, tries to deflect
answers, push agenda, but generally does as much as possible to avoid admitting that at the core, many systems
move towards corruption.

We have this huge complex banking system, and if the people at the top say they don't know, what does this really reveal about the nature of these enterprises. Very likely, that with all the financial rewards, it was difficult to really worry about the details, the integrity of the structure of their business, and the trust of people in the banking sector. Too bad for the city.

BBC News - M6 Toll coach stopped by armed police

5 July 2012 Last updated at 12:24

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M6 Toll coach stopped by armed police

Aerial footage shows passengers surrounded by police on the otherwise deserted motorway

Armed police have swooped on a coach on the M6 Toll motorway in the West Midlands.

A police source told BBC Radio WM a passenger was seen pouring a liquid into a box, which then started smoking.

The 48 passengers on the Megabus Preston to London service were led off the coach and forced to sit apart in a cordon on the opposite carriageway.

The motorway was closed in both directions between junctions T3 and T4 at Weeford Park Plaza, near Lichfield.

Police said the coach stopped on the hard shoulder "of its own accord" at 0820 BST.

Sniffer dogs

A Megabus spokeswoman said the coach left Preston at 05:10 and was due in London at 10:55.

Continue reading the main story

Start Quote

It all just took off, ambulances left right and centre and armed police in black caps”

End Quote Nick Jones Eyewitness

She said: "We are assisting police with their enquiries into an allegation made against a passenger who was travelling on board one of our services."

Armed police officers could be seen next to the single-decker coach on the southbound carriageway, as passengers were led off one by one.

Passengers were made to sit on the northbound carriageway, apart from one another, while surrounded by officers.

Sniffer dogs and forensic officers were also brought in to aid the search, as officers in forensic suits and others in military fatigues checked the area.

The Ministry of Defence confirmed military personnel were assisting police, at their request, under routine procedure.

The fire service, police from the West Midlands and Staffordshire forces and ambulance crews were all involved in the operation.

By midday, the passengers were moved on to another coach which remained parked under the canopy of nearby toll booths.

Air con warning

Nick Jones, a sales manager from Cambridge, was caught up in the incident while driving to the Lake District.

He said he was about four vehicles behind the coach when police stopped traffic.

"I've never seen so many ambulances turning up, also armed police, helicopter and dozens of police cars.

Passengers surrounded by officers on the M6 Toll motorway Passengers were forced off the coach and made to sit on the carriageway

"We were told to stay in our cars, keep windows up and not put air conditioning on.

"Police were looking in hedgerows and verges on the northbound carriageway.

"It all just took off, ambulances left right and centre and armed police in black caps."

Another eye-witness Barry Jarvis told the BBC that cars were cleared from toll booths.

He said: "It was very puzzling as to what was going on at first as there weren't that many police there.

"It was only after 20 minutes or so when all these unmarked cars coming through that we thought something major was happening.

"As we were diverted, we could see armed police at the toll booths, and the fire brigade."

The Highways Agency said the road closure was likely to remain in place until early afternoon.

Are you on the M6? What can you see? Please contact us with any information, photos and video using the form below.

Why? and why now in the same month that the Olympics are about to be held in London?. Our immediate suspicions are that this may be part of a larger overall strategy by a terrorist organization, hopefully not. It is interesting that the stage in regards to the UK has been relatively quite until this month, and now something suspect has occurred. In addition, why is this immediately spilled out onto the news services. It may also be indicative that in this age, anything becomes news instantly.