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 [...]
How much sympathy now?
Cantankerous was stopped this morning by a fireman protesting at proposals to cut a fire engine from the local fire station. The fireman said the cut primarily risks public safety; secondly, jobs are threatened. Of course, the historic willingness of the Fire Brigades Union (FBU) to strike shows that [...]
If these Goldman Sachs guys are so smart and ethical, how come they performed as badly as they did in the video below? And, let us not forget that the basket-case Royal Bank of Scotland, now 84% owned by the UK taxpayer, lost more than half a billion pounds ($841 million) as [...]
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 [...]