Tag Archives: crisis
  • 14/12/2011

    Mr Higgs & his Boson: A Wonderful Irony

    In the very month, nay the very week, when the beginning of the end of western economic civilisation as we know it kicks off, what does that very same western civilisation do ? It delivers the bloody Higgs Boson !As we prepare to hand over the world to assorted heathens and fundamentalists, we bequeath them man's highest achievement in understanding the universe. Not that they'll

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    14/12/2011

    Mr Higgs & his Boson: A Wonderful Irony

    In the very month, nay the very week, when the beginning of the end of western economic civilisation as we know it kicks off, what does that very same western civilisation do ? It delivers the bloody Higgs Boson !As we prepare to hand over the world to assorted heathens and fundamentalists, we bequeath them man's highest achievement in understanding the universe. Not that they'll

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    30/11/2011

    The Attritional Politics of Austerity

    No Plan B, then. General Osborne has concluded that his fundamental positioning cannot be improved upon at this stage in the proceedings (von Moltke rules), and so his banner remains firmly planted atop Hill AAA. Everything else is just tweaking, not to say fiddling. It's not wrong to tweak intelligently, and to keep as many of the troops as busy as possible, particularly as there is a bit of a lull

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    28/11/2011

    I Will Lift Up Mine Eyes …

    One should periodically pause for a bit of philosophical reflection. Here's a short essay that should set us all thinking. How many of our basic and unstated assumptions might fail in the years ahead? Broken Britain doesn't get close - this is the broken world."not some post-apocalyptic nightmare, but simply a place where two founding empirical assumptions

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    03/10/2011

    Manic Monday – 3 years and counting

    3 years ago this Monday, the first in October, RBS and HBOS collapsed, the Government was left with literally a few minutes to decide what to do and whether to let the cash machines get switched off or not. We now know 3 years later that they chose one form of sanity, but on a day when there were not good decisions to be made, it has also come at a huge cost. The current Prime Minister is struggling against the wave of anti-cuts media and

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    09/09/2011

    Wars and Rumours of Wars

    One of the most unnerving aspects of the apocalyptic conditions we must all and in our own ways somehow survive, is the inevitable tendency of the Big Players to pull every lever they have, act without warning, and generally lash out in all directions. They are, after all, trying to save their skins - and they still have some big levers within reach.I point to just a handful of momentous recent actions, (and in my unseemly haste must leave readers to google the details for themselves - apologies, we normally offer a better service I know).

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    09/08/2011

    Letter from Croydon

    My father can tell you stories of when Croydon burned in the Blitz: as a Boy Scout he was a fire-watcher on the top of the tall tower at Mayday Hospital. He was in the army by the time of the V-rocket attacks: Croydon took more doodlebug hits than any other borough. We've taken some hits last night, and the smell of smoke was still pervasive in the sunlit streets at 09:00

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    07/08/2011

    If the meltdown doesn’t bankrupt us, Huhne will

    Might seem a bit parochial to be posting on UK energy policy in the circs, but hey, perhaps a modest distraction ... We've posted briefly before on Huhne's electricity White Paper, and commenters noted how bizarre are the numbers he claims on future electricity price increases.Stating that his 'reforms' will save households £40 on their bills by 2030 is a completely brain-dead thing for him to do (though Coalition MPs have all

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    04/08/2011

    FTSE plummets

    FTSE plummets as investors run scared from eurozone crisis

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    04/08/2011

    Swiss can get free ride bonus on international FX speculation

    Switzerland, what a country. The safe haven par excellence and yet one which has no real reason to be so, as Izabella Kaminska noted recently. yet the price for being a safe haven in these troubled times is a rapidly appreciating currency that threatens to bring deflation to an already slow growing Swiss economy. Their exports are dropping and even the intervention of the Swiss Central bank yesterday does not seem to have fixed perceptions. In a time of such

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