Archive for March, 2011
Posted by seumasach on March 5, 2011
“If you criticise the banks you reduce their credibility and then people worry about them. The important thing for the Governor of the Bank of England is to help them.”
We haven’t had to wait long for an outraged flurry of condemnation from the City for King’s inexplicable outbreak of honesty. However, the response merely confirms the banks’ solvencvy problems: they don’t need criticism , they need help i.e. another bailout.
Telegraph
5th March, 2011
In an interview with The Daily Telegraph, Mervyn King said that “imbalances” in the banking system remain and are “beginning to grow again”.
But leading economists, including a former Tory advisor and the chief executive of the British Bankers’ Association, have criticised his comments.
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Posted in UK economy | Tagged: no second bailout | Leave a Comment »
Posted by seumasach on March 5, 2011
Cailean Bochanan
5th March, 2011
Understatement is well known to be one of the most characteristic features of the British character. At Waterloo the following exchange was heard between two calvary officers:
“By Gad, sir! You’ve lost a leg.”
“By Gad, sir! So I have.”
This is the famous stiff, upper lip and it’s worth keeping in mind when evaluating the most recent comments of the head of the Bank of England, Mervyn King replying to the question of whether there could be another financial crisis:
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Posted in Uncategorized | Leave a Comment »
Posted by seumasach on March 5, 2011
When asked whether there could be a repeat of the financial crisis, Mr King says: “Yes. The problem is still there. The search for yield goes on. Imbalances are beginning to grow again.”
Bailout2 is on the way as the property market and household finances implode. This will be our last chance to make a stand and follow the magnificent lead of the Arab people.
Telegraph
5th March, 2011
In an interview with The Daily Telegraph, Mervyn King says that “imbalances” in the banking system remain and are “beginning to grow again”.
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Posted in Uncategorized | Leave a Comment »
Posted by seumasach on March 4, 2011
PressTV
4th March, 2011
Press TV interviews Mohsen Saleh, a political analyst from Beirut, on the false rumors of a Libyan civil war, and protesters preparing to storm down Gaddafi’s door.
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Posted in Drive to Global War | Tagged: Arab revolution | Leave a Comment »
Posted by seumasach on March 4, 2011
Al-Ahram
4th March, 2011
The January 25 Revolution has lead many political activists and interested parties in Egypt to believe that greater political participation is required and will be possible. Upon that perspective, an unprecedented desire to form political parties has been growing. Many are in the process of being formed or registered, with a few already declared.
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Posted in Drive to Global War | Tagged: Egyptian revolution | Leave a Comment »
Posted by seumasach on March 4, 2011
Al-Ahram
4th March, 2011
Newly appointed Prime Minister Essam Sharaf has just left Tahrir Square after speaking to hundred of thousands who congregated to celebrate the resignation of Ahmed Shafik.
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Posted in Drive to Global War | Tagged: Egyptian revolution | Leave a Comment »
Posted by seumasach on March 3, 2011
David Lindorf
This Can’t Be Happening
1st March, 2011
The ongoing case of Raymond Davis, the CIA contractor facing murder charges in Lahore for the execution-style slaying of two apparent agents of Pakistan’s Inter-Services Intelligence (ISI) agency, is apparently leading to a roll-back of America’s espionage and Special Operations activities in Pakistan.
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Posted in Uncategorized | Tagged: CIA, End of empire | Leave a Comment »
Posted by seumasach on March 3, 2011
Posted in Uncategorized | Tagged: Arab revolution, End of empire | 1 Comment »
Posted by seumasach on March 3, 2011
Reuters
2nd March, 2011
China hopes to allow all exporters and importers to settle their cross-border trades in the yuan by this year, the central bank said on Wednesday, as part of plans to grow the currency’s international role.
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Posted in Currency Wars | Tagged: new financial architecture | Leave a Comment »
Posted by seumasach on March 3, 2011
PressTV
3rd March, 2011
Former Glasgow MP, George Galloway, who is also a founding member of the Respect Party, said he “wants his day in court” with News International over his breach of privacy claim.
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Posted in Uncategorized | Tagged: The Coulson Affair | Leave a Comment »
Posted by seumasach on March 3, 2011
PressTV
3rd March, 2011
David Cameron has secretly discussed with Tony Blair, the former UK premier, the situation in Libya despite bashing him in public for his links to the dictator Qaddafi.
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Posted in Drive to Global War | Tagged: Arab revolution | Leave a Comment »
In These New Times 