Word: scotland
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...England in the heart of London's financial quarter on Wednesday and demonstrated over everything from the meltdown in the financial system to the growing threat from climate change. Some people got a little too excited; after protesters broke windows at the nearby headquarters of the Royal Bank of Scotland - which recently needed a government bailout to avoid going under - one or two people looted the lender's computer equipment. A few dozen more scuffled with police outside, but overall the protest was less violent than many had feared...
...apocalypse." At London Bridge, protesters walked to the blast of a trombone with a medley of motives. "Can we overthrow the government?" bellowed Chris Knight, one of the event's organizers. "Yes we can!" Beside an effigy of Fred Goodwin, the former boss of the Royal Bank of Scotland, who is blamed for its collapse, Knight predicted that "bankers should be hanging from lampposts" later in the day. (See pictures of the global financial crisis...
...whisky distillery and castles and a Loch Ness boat trip, running July 20 to 27. If you book the tour on Tartan Day, you'll get 10% off plus complimentary tickets to the Gathering, an international get-together of the clans on the 250th anniversary of the birth of Scotland's national poet, Robert Burns. The Gathering happens July 25 and 26, and the city of Edinburgh is going all out, with a Clan parade down the Royal Mile, a pageant in Edinburgh Castle depicting Scotland's history, as well as the Highland Games (log toss, anyone?). Package rates start...
...This week it's been Fred Goodwin's turn. The former boss of the stricken Royal Bank of Scotland is rumored to be mulling a move to South Africa after vandals smashed windows and his car at his Edinburgh home. Britons are livid that Goodwin was awarded a $1 million annual pension after he quit RBS in disgrace last year. The 50-year-old oversaw a disastrous expansion that almost felled one of Europe's largest banks, prompted a $30 billion government bailout last fall and triggered the biggest annual loss in U.K. corporate history. "We are angry," a group...
...banking system. We have to build our banking system for the future around stronger principles of accountability and transparency and integrity and sound practices. Americans are shocked by what they see happening on Wall Street. People in Britain look at what happened with RBS [Royal Bank of Scotland] or HBOS and are angered by what they would call irresponsible risk-taking and excessively irresponsible behavior. But what people want more than anything else is that these banks and institutions work to the principles and values that they believe are important. (See 25 people to blame for the financial crisis...