Group items tagged

"The chief executive of Barclays Bank is coming under increased pressure from politicians to resign after the bank was fined $450 million for manipulating interest rates at which banks lend to each other. He has agreed to give up his bonus this year. "

"The Labor Department's report Friday, showing growth in non-farm payrolls in June was only 80,000, has put pressure on the Federal Reserve to boost the economy by launching a new round of bond purchases to lower borrowing costs and spur hiring. "

"Moral panics created by the media news press release backed by interest groups and pressure groups are always looking to create an impact on the social and political institutions. In the instances such as drug taking, the hippie movement, pro-development lobbies and animal rights, the participants generated heated debate in the society as well as brought about legal and institutional reforms. However in some cases, the long lasting impact of the paid press release distribution reportage was neither felt nor seen. Eg. The introduction of Spinning Jenny or starting point of industrialization when machines were considered a bad omen or evil did not last long."

"Barclays Plc Chairman Marcus Agius resigned on Monday in connection with the interest rate rigging scandal that devastated the bank's reputation. Chief Executive Bob Diamond is still holding on to his job but he is under intense pressure to resign as well. "

"Following in the footsteps of the chairman of Barclays, Marcus Agius who resigned Monday over the interest rate-rigging scandal, chief executive Bob Diamond also quit Tuesday. He was under great political pressure to resign. "

"Patriot Coal Corp has filed for bankruptcy protection as it was facing increasing pressures in recent months with demand for coal plunging to a 24-year low due to a shift to natural gas and milder winters, falling thermal coal prices, canceled customer contracts and rising costs for environmental liabilities. "