X Your Kinja blog will upgrade to our latest design on October 18 at 6AM EDT. London Cop Tickets Hillary Clinton, Tells Secret Service To Suck It Look, if you don’t pay for parking in London, you’re getting a ticket. Even if you’re a former U.S. Secretary of State and the wife of an ex-president accompanied by your official Secret Service detail. Them’s the breaks, Mrs. Clinton! A London traffic warden described by the UK’s Daily Mail as “fearless” nailed a Mercedes-Benz van Hillary Clinton was riding in with a ticket after he found it had been parked for nearly 45 minutes without paying. And when a member of Clinton’s Secret Service detail jumped out of the van to protest, the unflappable warden continued unabated and issued the ticket as he would anyone else. Clinton was in London over the weekened attending an event at the Chatham House. The fine came out to 80, or just 40 if it’s paid within the next 14 days. Arguably the best part is that the city has the traffic warden’s back. Here’s what they said in response, according to the story, emphasis mine: Cllr Daniel Astaire, Westminster City Council cabinet member for business, told MailOnline: ‘Despite our traffic marshal being questioned by the secret service for just doing his job, he was in the right. ‘The former US Secretary of State was parked for nearly 45 minutes without paying.
16, 2013, JPMorgan Chase & Co., has agreed to pay a $100 million penalty and admitted that it recklessly distorted prices during a series of London trades that ultimately cost the bank $6 billion in losses. (AP Photo/Paul Sakuma, File) WASHINGTON (AP) JPMorgan Chase & Co. has agreed to pay a $100 million penalty and admitted that its traders acted “recklessly” during a series of London trades that ultimately cost the bank $6 billion. The settlement announced Wednesday by the Commodity Futures Trading Commission comes less than a month after JPMorgan, the nation’s largest bank, agreed to pay $920 million and admit fault in a deal with the Securities and Exchange Commission and other U.S. and British regulators. The stunning trading losses that surfaced in April 2012 shook the financial world and damaged JPMorgan’s reputation. The CFTC deal differs from the previous agreement because JPMorgan is formally acknowledging that its traders recklessly distorted prices to reduce the banks’ losses at the expense of other market participants. In the SEC agreement, JPMorgan admitted only that it failed to supervise those traders. The bank “recklessly disregarded the fundamental precept on which market participants rely: that prices are established based on legitimate forces of supply and demand,” the CFTC said in a news release. According to the agency, JPMorgan traders in London sold off $7 billion in derivatives tied to a price index of corporate bonds in one day including $4.6 billion worth in a three-hour span. Derivatives are investments whose value is based on some other investment, such as oil and currencies. JPMorgan was betting that the price of the index would drop. When the traders sold their derivatives, the price of the index plunged. That was a “staggering volume” and the most ever traded by the bank in one day, according to the CFTC. The traders realized that the huge volume of the derivatives they had amassed could affect the market, and they decided to do so, the agency said.
pubdate:10/16/2013 15:46 EDT! commentPeriod:14! commentEndDate:10/30/13 3:46 EDT! currentDate:10/15/13 8:0 EDT! allowComments:true! displayComments:true! Protesting firefighters serenade Judi Dench at London premiere of Philomena CAPTION By Associated Press, LONDON Judi Dench has been serenaded by firefighters as she arrived for the London premiere of her latest film. Dench walked the red carpet in Leicester Square Wednesday for the London Film Festival screening of Philomena. Looking for things to do? Select one or more criteria to search Kid-friendly Get ideas The movie tells the true story of an Irishwomans quest to track down the son she was forced to give up for adoption 50 years earlier. Members of the Fire Brigades Union, drinking at a pub after a protest march against pension cuts, spotted the 78-year-old star, chanted We love you Judi and broke into a rendition of Beatles song Hey Jude. The Stephen Frears-directed film also stars Steve Coogan as Martin Sixsmith, a journalist who helped Lee in her search and wrote a book about her story. Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.