Daily Archives: March 19, 2011

British MP accuses government of censorship over Prince Andrew’s links with dictators and a convicted sex offender


MPs are only allowed to talk about members of the Royal Family in tightly defined circumstances and in a “very respectful” manner.

Labour MP Paul Flynn accuses Commons of censorship over Prince Andrew

Daily Mirror | Mar 18, 2011

by Wendy Fuller

A LABOUR MP yesterday accused the Commons authorities of “censorship” after he was prevented from speaking about the conduct of Prince Andrew.

Paul Flynn wanted to discuss the behaviour of the Duke of York in his role as trade envoy.

The royal has come under scrutiny for his dealings with foreign dictatorships and links with Jeffrey Epstein, a convicted sex offender.

But under Parliamentary rules MPs are only allowed to talk about members of the Royal Family in tightly defined circumstances and in a “very respectful” manner.

Mr Flynn was stopped from referring to Prince Andrew by Tory MP Peter Bone, who was chairing the debate.

Last night Mr Flynn, MP for Newport West, said: “Why on Earth should the only people to have their mouths ­bandaged on this issue be elected members?”

He said he would be applying for a fresh debate.

Buffett banks another $3.7 billion from Goldman Sachs investment in the depths of economic crisis


Chairman and Chief Executive Officer of Berkshire Hathaway Inc. Warren Buffett.

Buffett Generates $3.7 Billion on 2008 Goldman Investment

bloomberg.com | Mar 18, 2011

By Andrew Frye

Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) has made about $3.7 billion, including paper profits, from its $5 billion investment in Goldman Sachs Group Inc. (GS) at the depths of the financial crisis in 2008.

Goldman Sachs today said it will pay $5.65 billion to redeem preferred stock it sold to Berkshire. The price includes the original investment, plus a 10 percent premium and first- quarter dividend. Berkshire still holds warrants to buy $5 billion of the New York-based bank’s common stock with a strike price of $115 per share, which have generated a paper profit of more than $1.9 billion, data compiled by Bloomberg show.

Related

Buffett’s Goldman Bet Reaps $8.7 Billion Payback

Buffett invested in Goldman Sachs following the collapse of rival securities firm Lehman Brothers Holdings Inc. Under terms of the deal, Omaha, Nebraska-based Berkshire collected a $500 million annual dividend on the preferred stake. Goldman Sachs closed at $159.96 today on the New York Stock Exchange, compared with $84.39 at the end of 2008.

Goldman Sachs’s redemptions are “unwelcome,” Buffett said Feb. 26 in his annual letter to shareholders. “After they occur, our earning power will be significantly reduced.”

Police marksman, sixth family member to commit suicide, obsessed with Mayan calender

Tragedy of police marksman who became the sixth member of his family to commit suicide

Daily Mail | Mar 18, 2011

Obsession: The Mayan Calendar, which Sgt Steve Miles had became obsessed before he committed suicide

Sgt Steve Miles became obsessed with the Mayan Calendar and codes he believed were written in the bible.

A police marksman took his own life and became the sixth member of his family to commit suicide, an inquest heard.

Sergeant Steve Miles, 52, was struggling to cope with his sister’s suicide when he was found dead on his sofa from multiple lacerations.

The Ministry of Justice armed officer was signed off for six months on sick leave, during which time he became unrecognisable to friends and family.

He lost three stone in weight and became obsessed with the Mayan Calendar and codes he believed were written in the bible.

Shortly after returning to work at Ministry of Defence in Corsham, Wiltshire, Mr Miles – who was due to see a psychiatrist – took his life.

Mr Miles’ wife Karen wept as the assistant deputy coroner for Swindon and Wiltshire, Claire Balysz delivered a verdict of suicide at the inquest in Trowbridge.

The inquest heard how Mr Miles’ family had a tragic legacy of suicide.

Both of his parents had taken their own lives, as well as his niece and brother-in-law over the past 20 years. He had previously discussed killing himself.

His death in May last year came sixth months after his younger sister committed suicide.

His friend and colleague PC Maplesden told the inquest: ‘He was as normal as normal is until the day of his sister’s death.

‘But he felt responsible for looking after his sisters and even more so for Jessica because she was the youngest.

‘The absence of a father figure had put the responsibility on Steve.’

Dr Balysz concluded: ‘Steve had a very turbulent upbringing.

‘Although he didn’t leave a suicide note he left a very detailed account of his life.

‘Therefore my conclusion is that Steve took his life.’