I have just rediscovered this beautifully written passge from pages 152 to 155 of ‘The Great Crash 1929′ by J.k.Galbraith, which explains precisely why the Bernard Madoff scandal has hit us now, in the midst of a banking crisis, why something of that sort was inevitable, and why we can expect more of the same:
“To the economist embezzlement is [...]
It has been decreed that the Christmas number one shall be Hallelujah, performed by Alexandra Burke.
By the time you read this, at least one teenage member of our household will be among the hundreds of thousands who have bought it off iTunes.
My objection to this track – and sorry to be a [...]
Television viewers have seen the last moments of Craig Ewert, who paid to go to a Swiss clinic for an “assisted suicide” to end the pain of a terminal illness. He died with his wife, Mary, sitting by him, aided by a retired social worker. If it had been Britain, his widow and the assistant [...]
You see some pretty silly behaviour in the House of Commons sometimes, but when Nick Clegg’s attempt at a question was drowned in laughter at Prime Minister’s Questions today, it really was primary school stuff.
He was struggling to make a serious point about tax credits, which he began by saying he had been visited by [...]
A new verb has sneaked into the language. I don’t like it. I hope it goes away.
Last night there was an item on the BBC 10 o’clock news explaining why some British sports, such as rowing are to receive generous financial backing, between now and the 2012 London Olympics, while others including fencing and volleyball, [...]
I am grateful to this blogger for helping with the impossible task of getting the size of the bailout of US banks into perspective. In real terms, the US could have bought Louisiana off Napoleon for 21 times the price they actually paid, and still pocketed some change. Or they could have fought the war [...]
I won’t stop watching Strictly Come Dancing now that John Sergeant has pulled out, because I never watched it in the first place, but in a funny sort of way I shall miss opening the newspapers every day to read yet another angle on the story of how the viewing public loves Sergie. I suppose [...]
Nobody, anywhere seems to have a word to say in defence of Den Dover, the MEP who was expelled from the Conservative Party for using his expensive account to misdirect £500,000 to his family (except for a lone blogger on ConservativeHome who says that he worked for his constituents in North West England.) He does [...]
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