World-News

The financial services sector has hired 1,447 former government employees to do its bidding as lobbyists since the beginning of 2009, according to the latest report from the Center for Responsive Politics and Public Citizen.

http://www.huffingtonpost.com/2010/06/03/revolving-door-1447-forme_n_599138.html



Commercial Defaults Hit Record for Both Investors and Banks

A separate study released this week by Trepp LLC shows that the share of past due loans held by investors in commercial mortgage-backed securities (CMBS), including those already in foreclosure and REO, jumped 40 basis points in May to 8.42 percent - the highest in the history of the CMBS industry.

http://tinyurl.com/2efvb87



Europe faces summer of intermittent unrest

"The main risk is going to be in capital city centres where you have a risk of protest," said Daniel Riordan, head of political risk at insurers Zurich.

http://tinyurl.com/2a68hpk



Experts fear spread of social unrest as financial crisis continues

Continuing financial crisis and associated austerity measures could lead to global social unrest should conditions worsen and populations lose faith and patience in their governments.

http://www.dw-world.de/dw/article/0,,5547861,00.html



UK police body warns of riots and unrest

The chairman of the Police Federation, which represents thousands of rank-and-file officers, warned on Wednesday of mass 1970s-style social disorder were Britain to suffer a similar crisis to the one that has hit Greece.

http://www.ft.com/cms/s/0/6dd5a6ae-637d-11df-a844-00144feab49a.html


From Information Clearing House



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