Showing posts with label United Kingdom. Show all posts
Showing posts with label United Kingdom. Show all posts

Friday, February 8, 2013

Another Report Confirms That Austerity Is Backfiring In The United Kingdom

Another Report Confirms That Austerity Is Backfiring In The United Kingdom: Former President Bill Clinton today warned House Democrats about embracing austerity as a solution to the U.S.’s economic woes. “Everybody that’s tried austerity in a time of no growth has wound up cutting revenues even more than they cut spending because you just get into the downward spiral and drag the country back into recession,” [...]/p

Wednesday, February 6, 2013

Transcripts Show Corrupt Traders Planning To Rig Global Financial Markets: ‘It’s A Cartel Now In London’

Transcripts Show Corrupt Traders Planning To Rig Global Financial Markets: ‘It’s A Cartel Now In London’: The Royal Bank of Scotland will have to pay more than $600 million to U.S. and UK regulators for its role in rigging the LIBOR interest rate. RBS is one of several banks that rigged LIBOR in order to make huge profits, as regulators looked the other way. The Commodity Futures Trading Commission today released [...]/p

Tuesday, February 5, 2013

The UK is showing us why austerity is dangerous, but are we paying attention? | Economic Policy Institute

The UK is showing us why austerity is dangerous, but are we paying attention? | Economic Policy Institute
"The lesson here is two-fold. First, near-term deficit reduction can significantly harm economic growth. And second, as this approach drags on the economy, it will also exacerbate the deficit and debt. In other words, the U.K. austerity approach—which is intended to reduce the debt and boost the economy—actually does the opposite."