img

Deregulation and the Triumph of Wall Street

One year removed from a catastrophic, global, economic meltdown, and 26 months removed from the start of the credit crisis, our political establishment is either unwilling or unable to reform the system and punish the perpetrators of this debacle. The situation is so far beyond the pale that it makes one wonder if another catastrophe is even avoidable.

Les mer37 Kommentarer
img

What Recovery? Myths, Lies, and Green Shoots

There are those that honestly think you can make a sustainable economy based on people buying things they don't need with money they don't have. Then there are those who just want to sucker in the sheeple so they can fleece them one more time.

Les mer35 Kommentarer
img

When Math meets Dogma

You would think in today's world that people would accept that simple math isn't something you debate. You would think that people would accept that 2 + 2 = 4 and then move on. But that's not how the world works. The obvious example is government spending.

Les mer30 Kommentarer
img

The Bottom...?

Yesterday, the Dow had its best day since the beginning of April... the sun is shining, the birds are chirping... and all seems right with the world - at least on the surface. James Howard Kunstler is here to clean off those rose-colored glasses, and give a dose of reality.

Les mer16 Kommentarer
img

China Cancels America's Credit Card

The public didn't pay much attention to this comment by Congressman Mark Kirk last week, but they should have: "It would appear, quietly and with deference and politeness, that China has canceled America's credit card."

Les mer28 Kommentarer
img

Our Kleptocracy: Saving the American economy by looting it

The banking industry is a classic case of the tail wagging the dog. The real problem happens when the tail has no regard for the welfare of the dog. We passed that point in the 1980's and only now we are seeing the effects of making that decision.

Les mer23 Kommentarer
img

Nigel Clough, Derby County Manager

So Nigel Clough has come into league management- at Derby County where his father made his name. After a decade at Burton, can he make his way in league management? Will he be a chip off the old block or will this move be seen in the future as a great failure? No-one can know now- but we are happy to speculate!

Les mer11 Kommentarer
img

24 Hour Party People

The life of Tony Wilson was a fascinating one- a musical impresario who dominated Manchester in the years of Joy Division, New Order and the Happy Mondays he was an intriguing character. But was his life really filmable- 24 hour party people starring Steve Coogan attempted to be the film of his life- did it succeed? Read on...

Les mer13 Kommentarer
img

President Obama

Barack Obama is the 44th president of the United States

Les mer17 Kommentarer
img

Marco Polo Goes West

You can't blame the king of Persia for printing up money no one could trust. His neighbors in China were doing the same, after all, and with the same inevitable consequences, too...

Les mer14 Kommentarer
img

NYT Columnist Paul Krugman Wins Nobel Prize in Economics

Princeton professor and New York Times columnist Paul Krugman has been awarded the 2008 Nobel Prize for economics.

Les mer13 Kommentarer
img

BAILOUT FAILS; STOCKS PLUNGE

Dow Loses 777 Points After Vote

Les mer13 Kommentarer
img

Ruth Kelly Resigns. Good.

Today, Ruth Kelly announced her resignation from the cabinet. We look back on her career and ask whether a woman with such strongly-held views informed by an extreme brand of Catholicism should ever have been allowed into high office in the first place.

Les mer31 Kommentarer
img

Hammered

And so in what looks like the end of one of the longest running sagas in British football, West Ham United were today found guilty of playing a player who was incorrectly registered. We give our view.

Les mer11 Kommentarer
img

The Unreported Front of the 'War on Terror'

In the seas off the Horn of Africa, a multinational naval task force is engaged in regular firefights with pirates seeking to disrupt shipping in the Gulf of Aden. Our reporter asks if a link between the dramatic rise in piratical activity with Islamic insurgents in Somalia has led to the opening of a new front of the 'War on Terror'.

Les mer9 Kommentarer
img

People are asking the wrong question

All discussion about the proposed taxpayer-funded bailout of Wall Street banks is centered around the idea of, "If we don't bail them out, they will fail.
It seems no one is asking a much more important question of, "Will this bailout do any good?" Or to take this one step further, "Will this bailout do more harm than good?"

Les mer21 Kommentarer
img

Chelsea Manchester United

Chelsea and Manchester United met at Stamford Bridge this afternoon- this is our report.

Les mer12 Kommentarer
img

What in the Hell just happened?

It's the usual question that someone asks after getting hit over the head and mugged, or if they were in the immediate vicinity of an explosion.

For the American taxpayer, both of those things happened during these past two weeks.

Les mer21 Kommentarer
img

Dozens killed in Pakistan attack

A massive bomb attack has hit the Marriott Hotel in Pakistan's capital, Islamabad, killing at least 40 people.

Les mer12 Kommentarer
img

Britain Bans Short Selling

In what amounts to an egregious manipulation of the free market, UK regulators bar short-selling on financial stocks.

Les mer12 Kommentarer
img

Letting China off the Hook

The Beijing Olympics were an enormous Public Relations success for the Chinese Government, with the success of the Games overshadowing reports of Human Rights abuses. We must not allow those who suffer at the hands of the Chinese Government to be forgotten.

Les mer14 Kommentarer
img

Wall Street Collapse again Wednesday

Wall Street tumbled again Wednesday, with anxieties about the financial system still running high even after the government bailed out the insurer American International Group Inc. "People are scared to death," said Bill Stone, chief investment strategist for PNC Wealth Management

Les mer17 Kommentarer
img

Russian Stock Market Crash Continues, Trading Halted Again

Russian markets stopped trading for a second day after emergency funding measures by the government failed to halt the biggest stock rout

Les mer25 Kommentarer
img

Fed Readies A.I.G. Loan of $85 Billion for an 80% Stake

In an extraordinary turn, the Federal Reserve was close to a deal Tuesday night to take a nearly 80 percent stake in the troubled giant insurance company, the American International Group, in exchange for an $85 billion loan, according to people briefed on the negotiations.

Les mer14 Kommentarer
img

Fed holds rates steady in face of turbulence

The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent.

Les mer14 Kommentarer
img

Lehman Bros files for bankruptcy

Top US investment bank Lehman Brothers files for bankruptcy protection, sending shockwaves through financial markets.

Les mer12 Kommentarer
img

Fog on the Tyne

On Monday, they lost their manager, yesterday they lost against Hull and today they have lost their billionaire chairman- what is wrong up at Newcastle?

Les mer16 Kommentarer
img

Fulham and Bolton go head to head

Fulham and Bolton met each other at Craven Cottage this afternoon- they played an enthralling game in the early autumn sunlight and their game reveals a lot about who will struggle and who will do well in next year's Premiership.

Les mer11 Kommentarer
img

Apple unveils 'thinnest iPod yet'

Apple has unveiled the latest version of its iPod Nano, featuring what it says are the thinnest measurements yet.

Les mer22 Kommentarer
img

US rescues giant mortgage lenders

Global shares have rallied after the US government said it was taking over troubled mortgage lenders Freddie Mac and Fannie Mae.

Les mer14 Kommentarer