London mayor Boris Johnson says the British government cannot delay a widely-sought referendum on Britani’s future in the European Union indefinitely, stressing leaving the EU would not be “the end of the world”.
The Conservative mayor, who is seen as a potential future rival for British Prime Minster David Cameron for party leadership, told the BBC’s Andrew Marr Show that the government should allow the public to have their say on [...]
As the financial crisis hit in 2008, she spoke for the nation when she asked a group of economists: ‘Why did nobody notice?’
Four years on, the Queen finally got her answer – although it didn’t seem much to her liking.
The monarch was visiting the Bank of England in Threadneedle Street yesterday when she was buttonholed by one of its financial policy experts.
During yesterday’s visit, she and Prince Philip were each [...]
Bank of England officials were so concerned about the potential for a financial crisis late last year they took the extraordinary step of warning the entire banking system could collapse “before Christmas”.
Paul Tucker, the deputy governor of the Bank of England, told an October meeting of the chief executives of Britain’s largest banks that there was a serious chance none of their businesses would survive to the end of the year.
Brazil, Russia, India and China, the BRIC countries, are back to talking about creating a unified financial system where they can avoid euro and dollar volatility. This time, a pooling of Central Bank dollars from the countries in case liquidity dried up as the world tracks the West’s crisis momentum.
Regardless of the amount of difficulty involved, the big four emerging markets plus South Africa said earlier this week they [...]
Courtesy of Phil of Phil’s Stock World
Thank goodness the US is closed!
Europe is down a whopping 3.5% (so far) this morning, opening in free fall after Asia opened down about 2% on the average (but finishing at the day’s lows). Gold flew up to $1,906 before calming down but oil is down to $84.82 at 6:45 am as the Dollar tests its highs of 75.15 on the Euro’s fall [...]
Wall Street’s leading chief executives intervened in the US debt debate on Thursday, writing to President Barack Obama and Congress to warn of “very grave” consequences of a default and urging them to cut a deal “this week”.
Wall Street’s leading chief executives intervened in the US debt debate on Thursday, writing to President Barack Obama and Congress to warn of “very grave” consequences of a default and urging them [...]
ST. LOUIS (AP) — Global food prices have hit “dangerous levels” that could contribute to political instability, push millions of people into poverty and raise the cost of groceries, according to a new report from the World Bank.
The bank released a report Tuesday that said global food prices have jumped 29 percent in the past year, and are just 3 percent below the all-time peak [...]