|Joined||04 Feb '06 18:48|
|First Post||04 Feb '06 20:22|
|Last Post||30 Sep '14 13:35|
Last 10 posts
30 Sep '14 13:35Financial Markets, Subprime, & The Credit Crunch
Lord Hill's mission, Thoughtful, is surely to spread the gospel of ineffective financial regulation to the entire EU.
See 30 Sep '14 11:59 - election forum.
30 Sep '14 11:59The 2010 UK General Election
The UK's nominee to the European Commission will have his confirmation hearing at the parliament's economics committee on Wednesday.
The matter has captured press attention. One headline dubbed him “the most dangerous man in Europe”. Lord Hill's appointment would certainly put him in charge of financial regulation for the entire European Union. Many believe that giving a Briton oversight of the City is akin to putting a fox in charge of the chicken coop.
Regardless, his tolerance of serious financial irregularities in the UK - see the scandals noted at 25 Sep '14 16:38 for example - surely question his resolve at the EU.
30 Sep '14 08:58European Political Economy
Ukraine. Are business interests compelling politics in the US and Europe to cave?
How ExxonMobil swayed US sanctions and strengthened Putin’s hand
30 Sep '14 07:59Financial Markets, Subprime, & The Credit CrunchWe need to deglobalise. That's the message coming from Australia's G20. The problems are too many, global finance can't be fixed.
[29 Sep '14 10:17]
Former chair of the US Fed, Alan Greenspan, seems to agree.
His essay in Foreign Affairs on 'Why Beijing is buying gold', is surely a warning that the US's turn to economic patriotism is incompatible with the norms of a global economy. This supports the comment by another former Fed chair, Paul Volcker that we probably need a new Bretton Woods.
Oil companies and banks [but not Chinese?] can't continue paying huge tribute to the White House.
29 Sep '14 19:18Financial Markets, Subprime, & The Credit Crunch
Will Lord Hill be allowed to clean out the London stable?
29 Sep '14 18:59The 2010 UK General ElectionIraq: The frontline between Baghdad and Islamic State militants
Amariya al-Falluja, 40km (25 miles) from the Iraqi capital, is a key strategic town.
Air strikes aren't enough to stop the ISIL advance. Next?
29 Sep '14 11:43Financial Markets, Subprime, & The Credit CrunchWhat Next for Tesco after the £250 Million Profit Blunder?
What next then for Tesco? Only time will tell as to whether this episode will lead to even greater customer defection to alternative stores.
Culture of management is said to be largely responsible.
But can London be fixed? Unlikely, see below.
29 Sep '14 10:17Financial Markets, Subprime, & The Credit Crunch
We need to deglobalise. That's the message coming from Australia's G20.
The problems are too many, global finance can't be fixed.
We learn that:
domestic politics are not conducive to action. In the U.S., sensible economic policy making is hampered by a polarized and largely dysfunctional Congress. The members of the European Union still have fundamentally opposing views on what is needed to fix the common currency and put the region on a sounder economic footing. Japan, Brazil, India and Russia all have specific problems that prevent them from focusing on much-needed structural reforms.
The Triumph and Tragedy of the Group of 20
But is it possible to pull the plug?
27 Sep '14 20:55Middle Eastern Political Economy
Yes, there other views.
27 Sep '14 20:19Middle Eastern Political Economy