#place (at Tompkins Square Park)
U.S. imposes record fine on BNP in sanctions warning to banks
French bank BNP Paribas BNPP.PA has pleaded guilty to two criminal charges and agreed to pay almost $9 billion to resolve accusations that it had violated U.S. sanctions against Sudan, Cuba and Iran, in a severe punishment aimed at sending a clear message to other financial institutions around the world.
The BNP Paribas guilty plea is the direct consequence of a broader U.S. Justice Department shift in strategy that is expected to snare more major banks for possible money laundering or sanctions violations.
In an unprecedented move, regulators banned BNP for a year from conducting certain U.S. dollar transactions, a critical part of the bank’s global business, in addition to the fine which was a record for violating American sanctions.
Full Story: Reuters
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What god does to your brain
When neuroscientist Andrew Newberg scanned the brain of ”Kevin”, a staunch atheist, while he was meditating, he made a fascinating discovery. ”Compared with the Buddhist monks and Franciscan nuns, whose brains I’d also scanned, Kevin’s brain operated in a significantly different way,” he says.
”He had far more activity in the prefrontal cortex, the area that controls emotional feelings and mediates attention. Kevin’s brain appeared to be functioning in a highly analytical way, even when he was in a resting state.”
Full Story: The Age