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What happens if there is a tied vote at the Bank of England’s Monetary Policy Committee?, Chunomics

What happens if there is a tied vote at the Bank of England’s Monetary Policy Committee?

The question arises because of the hawkish drift on the MPC towards raising rates seen in the latest minutes, and the possibility that the usual nine member group might drop to eight if Andrew Sentence, chief hawk, is not immediately replaced when he leaves after the May meeting. Or if someone goes sick or something.

By | Chunomics | Wednesday, 26 January 2011 at 12:48 pm

Iraq, and responsibility, Notebook

Iraq, and responsibility

In his latest column for the New Statesman, Mehdi Hassan argues that we can’t only blame Tony Blair for the Iraq war, which has led to the death of a million people, and four million more being forced from their homes. We also have to pin responsibility on the much wider circle of people who supported the war – including those in the media, like me, who he mentions by name. I think he’s right, and it’s an important article to link to and reflect on.

By | Notebook | Wednesday, 26 January 2011 at 11:51 am

‘Pubs will disappear in poorer areas’, Notebook

‘Pubs will disappear in poorer areas’

There are still far too many pubs closing – 29 a week as it stands, down from 52 in 2009 – but there are reasons for optimism. As I wrote in the Independent last week, a focus on good quality beer is helping pubs that were on their last legs, or indeed closed, to thrive. [...]

By | Notebook | Wednesday, 26 January 2011 at 11:48 am

Digital Digest, Digital Digest

Digital Digest

Links to the best of the web

By | Digital Digest | Wednesday, 26 January 2011 at 11:31 am

Swing at the Bank, Chunomics

Swing at the Bank

For Bank of England watchers the key thing that arises from the minutes of the last Monetary Policy Committee meeting, out this morning, is that perma Hawk Andrew Sentance has gained an ally – Martin Weale, the very sensible ex head of the National Institute for Economic and Social Research.

By | Chunomics | Wednesday, 26 January 2011 at 11:22 am

Blamethrowing, Chunomics

Blamethrowing

Interesting, not to say, terrifying story by Barry Ritholtz in the New York Times who says the Financial Crisis Inquiry Commission on “what caused the financial crisis” will blame Alan Greenspan. It’s not so long ago that Mr Greenspan, who ran the Fed from the end of the Reagan era to George W Bush’s time, was hailed as the greatest central banker ever, lauded in books with titles such as “Maestro”.

By | Chunomics | Wednesday, 26 January 2011 at 10:55 am

iBet: Rangers will be desperate to get back on top, Sport

iBet: Rangers will be desperate to get back on top

Hibernian v Rangers, SPL, Kick off 7.45pm
Lay under 1.5 goals at 3.7 to one with Betfair
Rangers have been involved in a couple of low scoring games in the Scottish top flight recently, but prior to that every one of their 18 Clydesdale Bank Premier games had featured at least two goals. Only one of their [...]

By | Sport | Wednesday, 26 January 2011 at 1:00 am

Bank bonuses: no rhyme, reason or justification, Eagle Eye

Bank bonuses: no rhyme, reason or justification

Wall Street employees get their huge bonuses regardless of how the bank does. The argument that this pay rewards performance is nonsense. And my research suggests that remuneration systems at British banks are just as flawed.

By | Eagle Eye | Tuesday, 25 January 2011 at 8:37 pm

One day, two shockers!, Chunomics

One day, two shockers!

I’m not quite sure if I can take any more. First that nasty and very unexpected fall in GDP this morning…

By | Chunomics | Tuesday, 25 January 2011 at 7:45 pm

Google produces personalised ad blocker, Notebook

Google produces personalised ad blocker

Internet users tired of being pestered by personalised adverts will be able to avoid them in future after Google launched an extension to stop their browser cookies being tracked by online companies.

By | Notebook | Tuesday, 25 January 2011 at 7:01 pm

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