Cameron and Osborne talk sense shocker
Does leaving the country cause the Prime Minister and the Chancellor to talk sense? If so, I pray that they get plenty of foreign travel in the years ahead.
By Ben Chu | Eagle Eye | Wednesday, 10 November 2010 at 5:12 pm
Why UK house prices have further to fall
House prices reflect a shortage of supply, as the National Housing Federation is keen to stress. But they also reflect ease of credit. And they also reflect a surge of property speculation.
By Ben Chu | Eagle Eye | Tuesday, 9 November 2010 at 1:59 pm
Newly arrived despots are the worst kind
I believe that Britain should be realist in its foreign policy. It is necessary to deal with vile regimes like Saudi Arabia. But crawling apologias like Malcolm Rifkind’s for these repressive Wahhabi zealots leave a bad taste.
By Ben Chu | Eagle Eye | Wednesday, 3 November 2010 at 1:09 pm
Are the Islamist terrorists winning?
Matthew D’Ancona in the Evening Standard argues that we should give the security and intelligence services whatever they ask for to thwart terrorism because, er, because they ask for it and that’s good enough for him.
Unhealthy Spanish banking practices
Fund managers owned by financial conglomerates in Spain rush in to buy the shares of the parent company when it gets into trouble. In other words, the fund managers put the interests of their shareholders above those of their investors.
A revealing speech by Sir John Sawers
MI6 didn’t torture Binyam Mohamed but they did, allegedly, feed questions to his torturers. Sir John Sawers says MI6 will do nothing that “will lead to torture taking place”. But that does not preclude extracting information if the abuse was going to happen anyway.
By Ben Chu | Eagle Eye | Thursday, 28 October 2010 at 8:39 pm
Blowing bubbles of the imagination
It’s a common argument by neoliberals that the blame for the bust can be pinned on over-loose monetary policy by the Federal Reserve and the Bank of England. This fits in with their general worldview of “markets right, government wrong”. Yet as Adam Posen makes clear, it doesn’t fit with the facts.
By Ben Chu | Eagle Eye | Thursday, 28 October 2010 at 11:07 am
Mervyn King mobilises his tanks
The banking lobby is pushing back hard against structural reform. The Bank of England Governor needs to keep firing away over the next year if he is to see the reform he wants.
By Ben Chu | Eagle Eye | Tuesday, 26 October 2010 at 8:31 pm
What did Ireland get wrong, Rupert?
Ireland has done everything that the economic philosophy of Rupert Murdoch has dictated. Perhaps following that philosophy was what Dublin got wrong.
Post hoc, propter hoc and the Great Depression
The historian Dominic Sandbrook argues in the Daily Mail today that history has vindicated Philip Snowden’s notorious September 1931 emergency Budget, in which the then Chancellor (pictured) cut unemployment benefits at the height of the Great Depression.
By Ben Chu | Eagle Eye | Thursday, 21 October 2010 at 1:14 pm
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