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Browsing Category
Political Economy
The Obama as terrorist theme gains traction among some
The YouTube video below is gaining a wide audience on the Internet. It shows an Ohio blogger interviewing some McCain-Palin supporters after a speech and rally by Sarah Palin in that state earlier this week.The blogger's question to…
McCain repackages bailout proposal and labels it his own
Apparently, John McCain did even worse than I thought in last night's debate. He and Barack Obama both failed to present a step-by-step plan as to what they were going to do about America's banking crisis. They both merely rehashed old…
The Swedish roots of the UK bailout plan
Gillian Tett makes a good point in today's FT about the clear benefits of a systemic solution to crisis. Where the UK policy makers were bumbling along until today, they have taken the problem firmly in hand, finally recognizing the…
Quote of the day: “That One”
Every U.S. Presidential election has a defining moment in the Presidential debates. I think we saw this election's moment last night. Throughout last night's debate, it was obvious that John McCain had a sense of disdain for Obama he…
Is Barack Obama palling around with Terrorists?
Check out Jon Stewart's take on this.
The Fed leads a global rate cut by central banks
The Federal Reserve, the Bank of England and the European Central Bank led a coordinated rate cut effort as the official response to the biggest financial crisis since the Great Depression gathers steam. The official response in Europe and…
Recapitalising Britain
Prime Minister Gordon Brown has finally pulled the trigger. In the most momentous move yet in the credit crisis, the UK government is effectively partially nationalising the UK banking system. For months, I have maintained that the…
Dick Cheney and his dangerous shadow presidency
In the Vice-Presidential debate, Sarah Palin, in one of her few unscripted moments, gave wholehearted support for Dick Cheney's dangerous expansion of Vice Presidential power. Joe Biden vigourosly disagreed, calling Cheney "the most…
German deposit guarantee sets up a German-British row
The Guardian is reporting that Gordon Brown and his Labour Government are increasingly on the defensive as the number of governments in Europe guaranteeing deposits increases.The first problem for the Prime Minister was that Building…
Denmark gets on the deposit guarantee train: all aboard!
EU governments have woken up to the need to defend the banking system by guaranteeing all or some of their citizens' bank deposits. After Germany, Ireland and Greece, Denmark is the latest to do so. And Denmark may also be the one country…