Simon Jenkins wrote this in the Guardian today. His logic is sound. I’ve added paragraph breaks: For half a century home ownership in Britain –
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I’ve been musing some more on the consequences of the government guaranteeing deposits with Northern Rock. By implication they have guaranteed deposits with all banks:
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Barack Obama said yesterday that: It’s time to shed some sunlight not only on companies that abuse the tax code, but also on the secretive
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It amazes me that most people think that money is printed. It isn’t. Only 3% of all money in the UK is created by the
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The World Bank has announced a new programme of asset recovery, to be undertaken jointly with the UN. As its president Robert Zoellick said yesterday:
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The Chief Executive of Northern Rock sent a note to all his staff yesterday afternoon saying: I am delighted to tell you that the Chancellor
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I have complained about BBC Jersey in the past, here and elsewhere. So, fairness where it is due: they not only quote me here, they
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I sent the following mail earlier today on behalf of TJN to members of the EU Parliament committee considering IFRS 8 this week: To: Pervenche
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Northern Rock is in trouble because it has financed its mortgage book by borrowing commercial money rather than taking deposits from customers. To do that
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