Tomorrow Wednesday is going to be another Rangers day. Rangers days come very often, much oftener than any other team in the SPL. There has to be Rangers days because either the owner is plotting with the SFA/SPL to get another favour or rule adjusted to suit Rangers or even a Rangers person on a Committee, or else Rangers through their wrong doings have to go before the SFA/SPL to explain their mitigating circumstances so that Rangers can avoid the punishment due to them. This is what is happening tomorrow, Rangers committed a litany of offences and the people who were judging the tribunal felt expulsion from Scottish Football was appropriate. However these brave men whose names were secret until Ally demanded every rogue in Scotland had a right to know, were minded by what the Scottish Government and other leading politicians said about the need of a strong Rangers. The appeal is to be heard tomorrow and contrary to the rules, the names are known so we can be certain Rangers will get a little slap on their risk and told to be careful when selling to someone like Craig Whyte again. everyone will be happy Scottish justice has looked after Rangers one more time.
The Zimmermann Telegram (or Zimmermann Note) was a 1917 diplomatic proposal from the German Empire to Mexico to make war against the United States. The proposal was intercepted and decoded by British intelligence. Revelation of the contents outraged American public opinion and helped generate support for the United States declaration of war on Germany in April. The message came as a coded telegram dispatched by the Foreign Secretary of the German Empire, Arthur Zimmermann, on 16 January 1917 to the German ambassador in Mexico, Heinrich von Eckardt. Zimmermann sent the telegram in anticipation of the resumption of unrestricted submarine warfare by Germany on 1 February, an act which Germany predicted would draw the neutral U.S. into war on the side of the Allies. The telegram instructed Ambassador Eckardt that if the U.S. appeared likely to enter the war, he was to approach the Mexican Government with a proposal for military alliance, with funding from Germany. Mexico was promised Texas, New Mexico, and Arizona. Eckardt was also instructed to urge Mexico to help broker an alliance between Germany and the Japanese Empire. Mexico, much weaker than the U.S., ignored the proposal and (after the U.S. entered the war), officially rejected it.
The leader of JPMorgan Chase & Co's hedging unit is retiring after trading losses that could end up exceeding $3 billion, a shortfall that President Barack Obama said might have led the government to step in had such losses struck a smaller bank. The Federal Reserve meanwhile said it is now looking into whether JPMorgan has similar risk problems at other units, joining a probe by the U.S. Securities and Exchange Commission and upcoming hearings in the U.S. Senate. Late Monday, a leading shareholder law firm said it filed a federal lawsuit against JPMorgan and various bank officials over the trading loss and its effect on the bank's stock price. A JPMorgan spokeswoman had no immediate comment. The news of the losses has wiped nearly $19 billion from JPMorgan's market capitalization in just two trading days and renewed the debate about financial regulation and the concept of being "too big to fail." "This is the best, or one of the best managed banks. You could have a bank that isn't as strong, isn't as profitable making those same bets and we might have had to step in. That's exactly why Wall Street reform's so important," President Obama told ABC's "The View" in an interview taped to air Tuesday. The network released a partial transcript late Monday. JPMorgan said Chief Investment Officer Ina Drew, 55, who was among the highest-paid executives at the bank, had decided to "retire from the firm." She will be succeeded by Matt Zames, a trader by background who is well-versed in risky financial bets. He was at one time employed at Long-Term Capital Management, a hedge fund whose 1998 collapse nearly caused a global crisis. Zames has in past been tabbed as a potential successor to Dimon. The bank's statement made no mention of two subordinates of Drew who were involved with the trades -- London-based Achilles Macris and Javier Martin-Artajo -- who sources had said would leave. A memo Zames sent to staff, a copy of which was obtained by Reuters, said only that Macris would "transition his ... responsibilities." "I am proud of the firm's efforts over the past several days to address our mistakes and pleased to join the dedicated employees in our Chief Investment Office today," Zames wrote. Shares of JPMorgan closed 3.2 percent lower at $35.79 on the New York Stock Exchange on Monday. Ratings service Moody's warned Monday the trading losses were a "credit negative" for bondholders as well. But one investor called the sell-off "a gift" and said he was adding to his position, with an expectation the stock would rise roughly a third from current levels by year-end. "Dimon has fallen on his sword, promised to take action, tossed a few players under the bus ... nothing left to be done that is not already under way," said Edward Shill, chief investment officer of QCI Asset Management, which held more than 280,000 shares as of March 31. 'NO CLUE' ON PROP BOOK The departure of Drew after 30 years at JPMorgan comes after the unit she ran, the Chief Investment Office (CIO), mismanaged a portfolio of derivatives tied to the creditworthiness of bonds, according to bank executives. Drew reported directly to Dimon, who was known to visit London to meet with traders from the CIO unit, including Macris. That said, it remains unclear how involved Dimon was in the precise details of the positions. JPMorgan, the biggest U.S. bank by assets, also said that Mike Cavanagh, CEO of the Treasury & Securities Services group, would lead a team of executives overseeing its response to the losses. In appointing Cavanagh to coordinate the bank's response to the loss, Dimon is turning to a long-time protégé. "Jamie usually gives him jobs heavy on management and strategy," said a former JPMorgan executive. One hedge fund manager who previously ran a proprietary trading book at JPMorgan said the bank's public commitments to trim risk were at odds with its network of trading groups making bets independently, with only a handful of the bank's most senior executives notified of their vast, complex exposures. "This (CIO) group was completely separate, completely distinct from the prop-trading unit. We had no clue about their prop book and they would have no clue about ours for that matter," the manager said. REGULATORY SCRUTINY The mammoth losses have marred JPMorgan's reputation for risk management and thrown an unflattering spotlight on Dimon, a critic of increased regulation. He is scheduled to speak on Tuesday at the bank's annual meeting in Tampa, Florida. "JPMorgan is one of the best managed banks there is. Jamie Dimon, the head of it, is one of the smartest bankers we got and they still lost $2 billion and counting," Obama told ABC. At one time Dimon was considered a favorite for Treasury secretary in a potential second Obama administration. Dimon has said he is open to regulatory scrutiny of the losses, which the White House confirmed on Monday was under way. "There is an investigation into what happened at JPMorgan that the SEC is conducting," White House spokesman Jay Carney said, declining to elaborate. A U.S. Treasury official said the Financial Stability Oversight Council had not convened to discuss the losses and did not plan to. The Senate Banking Committee plans to hold hearings in the coming weeks on Wall Street reform, it said on Monday, during which it will likely press U.S. regulators about the JPMorgan losses. The Fed said late Monday it was reviewing JPMorgan's risk practices across the firm. PAST PERFORMANCE Until the loss was disclosed late Thursday, Drew was considered by some market participants as one of the best managers of balance-sheet risks. She earned more than $15 million in each of the last two years. According to JPMorgan's last annual proxy statement, Drew would be entitled to the continuation of almost $14.7 million in stock awards in case of resignation, provided she had met "full-career eligibility" criteria. A JPMorgan spokesman did not immediately return calls for comment on whether she will retain all the compensation awards. Drew could not immediately be reached. "Ina is an amazing investor," said a money manager who knows her but declined to be identified. "She's done a really good job over a lot of years. But they only remember your last trade." Her expertise was in balancing the interest-rate risks of the banks' loans and other assets against the rate risk associated with its deposits and other liabilities, said veterans who have worked with her. JPMorgan described Drew's replacement, Zames, as a "world-class risk manager and executive." Before joining JPMorgan in 2004 he ran prop trading in the interest rate group at Credit Suisse First Boston, having joined CSFB from a trading job at Morgan Stanley. He was seen as one of the winners in 2009, when Jes Staley reorganized JPMorgan's investment bank, taking on the fixed income co-head role. Last summer, the Wall Street Journal listed Zames among a group of senior JPMorgan executives in their mid-40s who were thought to be potential successors to Dimon.
Super , if Rangers get the decision over turned seemingly Livingston are going to sue the sfa for 1.2 million remembering what happened to them
The Battle of Lepanto took place on 7 October 1571 when a fleet of the Holy League, a coalition of southern European Catholic maritime states, decisively defeated the main fleet of the Ottoman Empire in five hours of fighting on the northern edge of the Gulf of Patras, off western Greece. The Ottoman forces sailing westwards from their naval station in Lepanto (Turkish: İnebahtı; Greek: Ναύπακτος or Έπαχτος Naupaktos or Ãpahtos) met the Holy League forces, which had come from Messina. The victory of the Holy League prevented the Mediterranean Sea from becoming an uncontested highway for Muslim forces, protected Italy from a major Ottoman invasion, and prevented the Ottomans from advancing further into the southern flank of Europe. Lepanto was the last major naval battle in the Mediterranean fought entirely between galleys, and has been assigned great symbolic importance. The members of the Holy League were Spain (including its territories of Naples, Sicily and Sardinia), the Republic of Venice, the Papacy, the Republic of Genoa, the Duchy of Savoy, the Knights Hospitaller and others. Its fleet consisted of 206 galleys and 6 galleasses (large new galleys, invented by the Venetians, which carried substantial artillery) and was commanded by John of Austria, the illegitimate son of Emperor Charles V and half brother of King Philip II of Spain. Vessels had been contributed by the various Christian states: 109 galleys and 6 galleasses from the Republic of Venice, 80 galleys from Spain, 12 Tuscan galleys of the Order of Saint Stephen, 3 galleys each from the Republic of Genoa, the Knights of Malta, and the Duchy of Savoy, and some privately owned galleys. All members of the alliance viewed the Ottoman navy as a significant threat, both to the security of maritime trade in the Mediterranean Sea and to the security of continental Europe itself. Notwithstanding, Spain preferred to preserve its galleys for its own wars against the nearby sultanates of the Barbary Coast rather than expend its naval strength for Venetian benefit, although it contributed the bulk of the Christian infantry. The various Christian contingents met the main force, that of Venice (under Venier), in July and August 1571 at Messina, Sicily. John of Austria arrived on 23 August. This fleet of the Christian alliance was manned by 40,000 sailors and oarsmen. In addition, it carried almost 28,000 fighting troops: 10,000 Spanish regular infantry of excellent quality, 7,000 Germans and Croatians in Spanish pay, 5,000 Italian mercenaries and 5,000 Venetian soldiers, including Greeks from Crete and the Ionian Islands. Also, Venetian oarsmen were mainly free citizens and were able to bear arms adding to the fighting power of their ship, whereas convicts were used to row many of the galleys in other Holy League squadrons. Many of the galleys in the Ottoman fleet were also rowed by slaves, often Christians who had been captured in previous conquests and engagements. Free oarsmen were generally acknowledged to be superior by all combatants, but were gradually replaced in all galley fleets (including those of Venice from 1549) during the 16th century by cheaper slaves, convicts and prisoners-of-war owing to rapidly rising costs. The Ottoman galleys were manned by 13,000 experienced sailors - generally drawn from the maritime nations of the Ottoman Empire, namely Berbers, Greeks, Syrians, and Egyptians—and 34,000 soldiers. Ali Pasha, the Ottoman admiral (Kapudan-i Derya ), supported by the corsairs Chulouk Bey of Alexandria and Uluç Ali, commanded an Ottoman force of 222 war galleys, 56 galliots, and some smaller vessels. The Turks had skilled and experienced crews of sailors but were significantly deficient in their elite corps of Janissaries. The number of oarsmen was about 37,000, virtually all of them slaves. An advantage for the Christians was their numerical superiority in guns and cannon aboard their ships, and probably the better fighting quality of the Spanish infantry. It is estimated the Christians had 1,815 guns, while the Turks had only 750 with insufficient ammunition. The Christians embarked with their much improved arquebusier and musketeer forces, while the Ottomans trusted in their greatly feared composite bowmen.
No chance , tomorrow is the day the whole world will the see the corruption in Scottish football and threatening violence is the way forward .
Boycotts on their way ... http://www1.skysports.com/football/news/11781/7761362/Rangers-appeal-rejected
Apparently Duff & Duffer are going make a further appeal against this decision. Wonder what other avenues are open to them and just how long they can continue to drag this thing out ... of course the longer they do the more money they make for themselves?
Blocking roads going to Hampden on Saturday , what a great idea !!!!the whole problem the huns are so used to going to these sfa panels and getting favourable results . For example Scottish cup shame game , their players and manager walked away Scot free and our manager got punished, when they finally get hit with the correct decision they can't except it .
