When you think about it, a modern bank is nothing more than its IT core system and confidence. There is no gold in its HQ any longer, or incredibly wealthy owners or partners; RBS’s shareholders are certainly much poorer than they were. So, if people were worried about not being able to get their money out [...]
cantankerous worked with the pay consultancies in top FTSE companies. The greed and corruption of the FTSE executives and the corporate ‘reward’ consultancies was blatant and disgusting, and it is remarkable that nothing was done to stop it. As executives reduced the amount paid into pension schemes for ordinary staff by sometimes as much as a [...]
What a disgrace that Khan and Tanweer were never followed up
Here’s a surveillance photograph that the UK’s secret police took of 7/7 bombers Shehzad Tanweer and Mohammad Sidque Khan in 2004. Claiming insufficient resources, MI5′s Chief of Staff, Witness G, today told the 7 July Inquests, that Tanweer and Khan could not be monitored because [...]
Reuters reports Mervyn King, Governor of the Bank of England, as telling fellow economist David Hale:
whoever wins this election will be out of power for a whole generation because of how tough the fiscal austerity will have to be
Mervyn King tells the truth
The economically literate have long known that we are living [...]
Has Rupert Murdoch backed the wrong horse?
However much the liberal press claims that there is a secret deal between the Conservative Party and Rupert Murdoch’s News International, there probably isn’t one. There are two important reasons: firstly, this is not the way these things are done; secondly, and more importantly, there is no [...]
Sir Martin Sorrell is Chief Executive of WPP, the largest advertising group in the world. Today, WPP announced profits of £663 million. This morning, Sir Martin Sorell pontificated in an interview on BBC Radio 4′s Today programme. With WPP’s headquarters and main listing in London, you would expect these results to be great news [...]
Hard to see the idea of holding an inquiry in public ‘whenever possible’ as undesirable, isn’t it?
Unless of course, the war was started by your party contrary to your party’s and public opinion. And if the British public was misled about the intelligence justification, purpose and legality of the war. And if the war was a [...]