Former Prime Minister Tony Blair is wrong when he says we should not hang bankers in anger over the current financial mess, says a leading academic.
In an interview with the Daily Telegraph today, Mr Blair defends the free market and liberal econo...
Many people, including politicians Barack Obama and Mitt Romney, author/activists Charles Ferguson and Noam Chomsky, and economists Larry Summers and Raghuram Rajan, have weighed in on (or denied) the fraud, political manipulations and criminal wrong...
To millions of Americans who, for years, have encountered difficulties in receiving packages scheduled for delivery by the United Parcel Service, it arguably came as little surprise when an investigation by the Federal Bureau of Investigation recentl...
The United States Bureau of Labor has reported that for the first time in the past 6 years, unemployment rates have dropped a statistically remarkable 3%, with a corresponding 3% increase in levels of wage slavery.
According to President Obama, th...
McLEAN, Va. - The nation is in utter shock to learn this week that the taxpayer-owned mortgage giant, Freddie Mac, is actually out to turn a profit.
For the past two years, Freddie Mac has been placing multibillion-dollar bets that homeowners won'...
The latest cash crisis at Portsmouth FC has been welcomed by "superfan" Jake Seaport.
The club announced yesterday that it has been hit with a winding-up order by HM Customes and Revenue over an unpaid tax bill of £1.6 million. The crisis has been...
Not an international football summary, but just another day on the international business circuit. Brazil futures have taken a turn for the better, Hungary's debt situation forced a downgrade by Standard & Poor and British Airways wins bid for a...
Craig Moleunit, Britain's Leading Economist*, has spoken frankly about the state of the World Economy. He spoke candidly in a recent interview with business magazine 'World Accounting News Kite'.
"Basically, we're fucked! Screwed! Shagged! The deb...
Heathrow Airport tarmac, Outskirts of London: David Cameron has come back from Germany, after a 15 hour talk with Frau Merkel over the EU, to a 'triumphant' welcome reminiscent of Neville Chamberlain, those many years ago in the late 1930's.
'Our...
18. When you start getting less than 25 take-away leaflets through your door each day.
17. When the rioters torch police stations, without using petrol, just wood and old newspapers.
16. When William Hague cuts down his posh hotel room weekend rendezvous to with only one male assistant.
15. Shop assistants start to say please, and thank you.
14. Suicide is made legal, pills available @...
In a week that has seen the leaders of the most powerful countries in the world skitting around like loose sheep on a motorway, one of the most powerful and least understood nation states has finally made a decisive move.
As the Eurozone countrie...
London - A 'prescient' scribble in a 1930s primary school history textbook found smouldering in a skip outside the EU's London HQ has shed new light on the Euro mess as G20 heads of government continued their Cannes of Worms summit today.
'Germany...
Experts warned yesterday that the economic crisis could see the return of a menace not seen on our streets for decades: the white dog turd.
The publicly-funded 'Study Into Potential Indicators Of Financial Disaster' found that during the 70's and...
The institutions and regulators of the global financial system today made an unprecedented joint announcement that will change the underlying basis of the global economy.
These institutions and regulators, which include the International Monetary...
Federal Reserve Bank Chairman Ben Bernanke has announced a new round of quantitative easing to be termed Unquantitative Easing.
Treasury Department Spokesmen said that the amount to be added to the money supply will be 'too much to count'. They ad...
In the face of global panic, stock market analysts today warned of further problems to come.
"This is no doubt a serious situation," warned fiscal analyst Hernst Sprank, of Deutsch Bank Der Bolloks "for sure, there has been a 62.3% rise in the mea...
Washington DC -- Pres. Obama and House Speaker John Boehner (R-Ohio) have reached an agreement in their debt ceiling negotiations.
The two leaders signed off on a joint statement today. It declared: "We're not good at math. So we've hired H&R...
Federal Reserve Bank, Printing Press Division: A trillion dollar here and trillion dollar there. The US is "running out of time" to reach a deal on raising the country's debt ceiling to avert a possible early August default.
It took the United S...