Lawsuit: Madoff’s workplace was rife with cocaine, sex

A new lawsuit alleges that convicted swindler Bernie Madoff financed a cocaine-fueled work environment and a “culture of sexual deviance,” and he diverted money to his London, England, office when he believed federal authorities were closing in at home.

Share

Analyst: King wrong over ‘break up banks’ call

Bank of England Governor Mervyn King this week launched a scathing attack on Britain’s banking sector, calling for a break-up of behemoth financial institutions that have taken billions of public money to stay afloat. King says Britain’s Main Street banks should be separated from their risky investment arms to dissolve a culture in which some banks can fall back on the knowledge that they are “too important to fail” and thus can keep gambling with vast amounts of public cash.

Share

Vatican welcomes Anglicans into Catholic church

The Vatican said Tuesday it has worked out a way for groups of Anglicans who are dissatisfied with their faith to join the Catholic Church. The process will allow groups of Anglicans, including bishops and married priests, to join the Catholic Church some 450 years after King Henry VIII broke from Rome and created the Church of England.

Share

Sex and Soccer: The World Cup vice trade

The beginning of the World Cup in South Africa next June kicks-off a festival of football on the pitch, but there are a wealth of issues for the host country to tackle off the field too. Up to half-a-million fans are expected to visit for the tournament and a string of sparkling new stadiums and hotels have sprung up to accommodate them

Share

Bomber who tried to kill Thatcher faces Parliament

The man jailed for trying to kill British Prime Minister Margaret Thatcher in a hotel bombing in 1984 appeared in Parliament Tuesday with the daughter of one of his victims. Patrick Magee, a former Irish Republican Army activist, held a public discussion with Jo Berry, whose father died in the bombing in Brighton, southern England 25 years ago Monday.

Share

Net gain as TV snubs England game in Ukraine

England soccer fans will only be able to watch Saturday’s World Cup qualifier in Ukraine on the Internet after negotiations to broadcast it on television collapsed. Failed sports channel Setanta had been due to televise the game, but following its demise other channels such as Sky, the BBC and ITV, do not want to pay the rights fee, particularly as England have already sealed their place in the finals in South Africa.

Share