Tuesday 01 December 2015
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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.
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.
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.
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.
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."
HotForex Choose Your Pair
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.
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!
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...
Barack Obama is the 44th president of the United States
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...
Princeton professor and New York Times columnist Paul Krugman has been awarded the 2008 Nobel Prize for economics.
Dow Loses 777 Points After Vote
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.
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.
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'.
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?"
Chelsea and Manchester United met at Stamford Bridge this afternoon- this is our report.
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.
A massive bomb attack has hit the Marriott Hotel in Pakistan's capital, Islamabad, killing at least 40 people.
In what amounts to an egregious manipulation of the free market, UK regulators bar short-selling on financial stocks.
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.
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
Russian markets stopped trading for a second day after emergency funding measures by the government failed to halt the biggest stock rout
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.
The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent.
Top US investment bank Lehman Brothers files for bankruptcy protection, sending shockwaves through financial markets.
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?
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.
Apple has unveiled the latest version of its iPod Nano, featuring what it says are the thinnest measurements yet.
Global shares have rallied after the US government said it was taking over troubled mortgage lenders Freddie Mac and Fannie Mae.