Erstellt am: 13. 7. 2012 - 15:03 Uhr

Is the LIBOR scandal really a global crisis?

Reality Check: the LIBOR rate-manipulating scandal; DIGG sold for a song; Boats for People demo

LIBOR Scandal

APA

Alleged manipulation of the LIBOR is at the centre of a supposed scandal involving some of the world’s biggest banks. LIBOR stands for London Interbank Offered Rate and is described as “the average interest rate estimated by leading banks in London that they would be charged if borrowing from other banks”. But how does it affect people like you and me? How widespread is the alleged scandal? More from our New York correspondent Nathan King and Professor Stefan Pichler from the University of Economics in Vienna:

Digg

Where do former superstar-websites on the internet sometimes end up? In the ex-super-website bargain bin apparently. Faded social news site star Digg announced yesterday that it has been bought by online media company Betaworks for the bargain price of a mere $500,000. It was once valued at up to $175million! What happened? FM4’s Dave Dempsey explains:

Boats for people

A campaign is currently underway to highlight the misfortunes of migrants from Africa who try to escape to a new life in Europe. A group of activists has been sailing around the Mediterranean retracing the migrants' routes and visiting detention centres and points of departure. Dieter Behr explains why it should be important to Austrians:

FM4 Reality Check

Listen to the programme after the show via Podcast or at fm4.orf.at/realitycheck.