FT.com / Financials – Footsie closes over 5,000 for the first time in year. This is completely and utterly irrational. Cash was provided to banks
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Re-embracing Keynes
Paul Krugman has a great article in the New York Times entitled "’How did economists get it so wrong’?’. Go read, I suggest. Some highlights
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Goldman Sachs calls for transparency
The Guardian notes: Lloyd Blankfein, Goldman Sachs chief executive, today stepped into the row over the banking industry’s much criticised bonus culture by acknowledging that
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Dan Mitchell has his back to the wall
CF&P Strategic Memorandum, September 9. 2009. Dan Mitchell runs the Center for Freedom and Prosperity I admire some things about Dan. His enthusiasm for saying
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Oxfam supports country-by-country reporting
$280bn bailout for poor need not cost ordinary taxpayers any more money | Oxfam International. Oxfam has joined many others in the NGO community in
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Cayman nonsense
City AM reports: “Cayman isn’t a tax haven,” Travers insists. “It has had full transparency with respect to tax matters for over a decade, most
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UK debt: don’t lie
I heard another person telling bare faced lies about UK debt this morning on Radio 4. The claim made was we have the worst debt
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£10 bn pension subsidy goes to top 1% of UK income earners
The UK is having a pension debate. It needs one. I have long been involved in this issue. The TUC makes a new contribution today.
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Bank profits to fall – thank goodness
The FT reports: The global regulatory crackdown in the wake of the financial crisis is likely to cut long-term profitability at US and European investment
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