Secular Blasphemy
'Oh Lord, protect us from the Fury of the Norsemen.'
- Medieval prayer

 

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  16. september 2007


A British bank is experiencing a rush of concerned customers withdrawing their deposits.

NORTHERN ROCK, the mortgage bank rescued by the Bank of England last week, could see as much as £12 billion - nearly half of its deposits - withdrawn by worried savers, experts say.

The run on the bank continued yesterday as police were called in to keep the peace when angry and desperate customers besieged branches across the country despite assurances from the Treasury and Bank of England that their savings were secure.

Branches due to close at midday opened until 2pm, but many hundreds of people were still trying to get their money when the branches closed and minor scuffles and arguments broke out.

Senior executives at Northern Rock spent yesterday at its New-castle head office monitoring events, but the lender is seen to have little future as an independent entity. It held talks about a possible takeover by Lloyds TSB before the crisis and is expected to be sold off cheaply to a rival.

Hopefully this doesn't spread too far. Good economic times tend to end in a crisis over mismanaged debts.


11:54:39 PM    comment []  trackback []

The newest Mohammad cartoon controversy, the dog drawings by Swedish artist Lars Vilks, has not failed to escalate. Al Qaeda in Iraq has put a bounty of US$50,000 on his head, more if he is "slaughtered." The newspaper editor is also on the hit list, and the extremist organisation further threatens action against Swedish brands IKEA, Ericsson and Volvo unless an apology is forthcoming.

Lars Vilks at first stated he was worth more than that, and while understandably nervous about what local extremists could do against him, was absolutely defiant. So, somewhat surprisingly, was Swedish media.

But the Svenska Dagbladet daily urged Swedes to defend their right to free speech.

"Freedom of expression is not a privilege for the media companies and journalists but a guarantee that citizens can have different impressions, numerous sources of information and inspiration as well as the possibility to draw their own conclusions."

Vilks was in Germany on the weekend where he heads an art association, but was reported to be returning to Sweden on Monday. He has reportedly received police protection and is discussing his security options with the authorities.

Swedish businesses with operations in the Middle East is taking the threat seriously.

Telecom equipment giant Ericsson said it had ordered its operations in the Middle East to keep a "low profile" in the wake of the threat.

"We decided yesterday to take down our company flag in the Middle East to reduce our visibility," company spokeswoman Aase Lindskog told AFP.

"We take the threat very seriously. We have thousands of employees in this region. We remind them that the general security precaution advises and recommends a low profile, not to wear the T-shirt of the company, etcetera."

Undoubtedly a wise move.

Who would have expected the Swedes to grow a spine. Maybe they've had enough.

A religion that makes murder a sacrament is clearly dysfunctional.


10:36:25 PM    comment []  trackback []


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Last update: 01.10.2007; 17:26:24.

Jan Haugland.
Pajamas Media Correspondent
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