As the FT notes: BP on Wednesday reached a preliminary agreement with the Obama administration to set aside $20bn to cover claims relating to the
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Is it economics or is it politics that drives the deficit hawks?
As Simon Jenkins in the Guardian asks: Why is there no economist royal, to shoot in time of trouble? We need someone to tell us
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German investor confidence slides: the deficit hawks are wrong, again
As the FT notes: German investor confidence plunged this month at the steepest rate since the collapse of Lehman Brothers in late 2008 as Europe’s
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Norwegian Church Aid launches online petition for country-by-country reporting
Global momentum behind a shift towards country-by-country reporting by multinational companies is gaining pace. While OECD officials consider the pros and cons of adopting the
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Martin Wolf is at it again: the deficit hawks have got it wrong
From Martin Wolf in the FT: Yes, I understand that huge fiscal deficits make people nervous. I understand, too, the desire to make solvency credible.
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All pain, no gain
The TUC has published a pamphlet with the above title. As it notes the pamphlet has one aim: As, of course, they
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UK probes E&Y on Lehman audit
As the FT notes: A British investigation has been launched into whether Ernst & Young properly audited Lehman Brothers’ accounts in the months preceding the
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Secrecy jurisdictions: another one begins to bite the dust
Reuters report: San Marino’s government on Tuesday accused Italy of imposing a virtual embargo and stalling on a treaty it needs to get off a
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Time Barack called for a Green New Deal
The FT notes: President Barack Obama on Tuesday night issued an urgent call for the US to lessen its reliance on oil and move towards
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