Archive for May, 2011

Wanted: New Head for IMF

Posted on May 22nd, 2011 in World Crisis

Must be able to oversee holding of countries to ransom while slashing public spending and selling off their assets. The resignation of the Strauss Kahn as managing director of the International Monetary Fund (IMF) because of his arrest for an alleged sexual assault on a hotel chambermaid raises issues around the murky secretive world of [...]

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Britain’s Richest are 18% better off while the rest of us have a pay freeze

Posted on May 08th, 2011 in UK Crisis

In a year when the majority of the population are faced with a pay freeze the richest 1000 people in the country have seen their wealth rise, in 2010, by just over£60 billion (a billion is one thousand million) or 18% to a total of nearly £400 billion. This wealth which includes land, property, art, [...]

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  • @TheLeftBanker

    • RBS £2 billion loss not as BBC reports £776 million. Twice as big as forecast. 3 hours ago

    • @BharatKAzad I think so with Portugal 6 months behind and Spain another year 21 hours ago

    • Greece mark II: Portuguese opposition demands €30 billion more of a bailout to keep country afloat 21 hours ago

    • @aidanskinner hedge funds been putting this trade in droves spreading risk over several banks. They now hold about 30% of Greek debt 22 hours ago

    • Greek debt swap deal may fail as hedge funds & other investors would be better off with default and collecting insurance it would trigger 22 hours ago

    • Euro crisis goes global: Preliminary Chinese manufacturing figures for February shoes a contraction. 23 hours ago

    • Euro area manufacturing & services output drops in February. Recession on the way. 23 hours ago