UK Analysis Newswire Archive
14-10-2008 20:38The Labour government is to spend £37 billion in public funds buying a massive number of shares in the Royal Bank of Scotland (RBS) and the merged Lloyds TSB and HBOS.
14-10-2008 18:03A not so serious look at the history of the present world-wide financial crisis shows that our leaders may be unbalanced.
13-10-2008 19:48Highlights of the debate, written chronologically from notes I made whilst watching the entire 3 and a half hours or so on the parliament website today. Including points made for and against the bill, though mainly focusing on points made against.
13-10-2008 16:21Prime Minister Gordon Brown announced last week the creation of a National Economic Council.
13-10-2008 11:18What has become of prison revolts in the British prison system? Where now are the open expressions of collective anger and solidarity that fueled the uprisings and jail riots of the 1960s, 1970s and 1980s and created the iconic images of Hull 1976 and Strangeways 1990? What happened to the spirit of revolt that used to periodically shake the British long-term prison system and engender a philosophy of prisoner empowerment and solidarity, a philosophy that situated the struggle of prisoners at the very forefront of the universal struggle for human rights and even social revolution?
13-10-2008 04:57This is a letter sent to councillors about the potential losses through lending to Icelandic banks. Reasonably competent financial officials should have known about the risks.
12-10-2008 22:54Economic Fascism and The United States
Fascism, or: The Limited Liability Corporation of The United States Of America.
We own your home!
Edinburgh is set to have a demonstration against the government's criminal bank bailout, at the Corporate Headquarters of HBOS.
10-10-2008 13:46Now that the world’s credit markets are suffering the equivalent of a cardiac arrest, one can confidently say that the peak in global oil production is behind us.
10-10-2008 00:28It is a measure of the depth of the crisis facing the British and world economy that a pledge by the Labour government to make £500 billion available to the high street banks, failed to stem continued losses on the stock markets.
09-10-2008 16:44They don't call him President Bush in Venezuela anymore.
Now he's known as "Comrade"....
08-10-2008 16:28Love him or loathe him, you've got to love this comment Gorgeous George made in the House of Commons after the Chancellor's statement today. This is an article about the global debt crisis, the financial bubble and the coming financial catastrophe which today's measures by the government have merely delayed for another day.
See also: The coming financial collapse, interview with Martin Summers, Former East European projects officer for the New Economics Foundation talks about present day money matters as we slide down a slippery slope:
08-10-2008 12:31The bailout “solution” to delay the deepening of the crisis is not simply the wrong solution; it is the "solution" to accomplish the worst, as it is continuing the same path that has led to the current stage. It will inevitably drive the world-economy into its final collapse by further weakening of the production sphere and strengthening the speculative sphere.
The signs of the above can be read in the recent warnings of "a slow and painful recovery", despite the accepted bailout bill in the US. What this means is that although there will be a long and painful process, it will not lead to recovery in the end, because, in addition to paying the bill to non-productive hands, the productive sphere will be forced to produce the values of what they pay.
08-10-2008 10:30The Paulson plan is desperate second bailout attempt by the US imperialists to get their economy functioning again as"normal" .It is a brilliant victory for the Third world peoples fighting protracted guerilla type wars to assert their rights to national independence .US militarism,its wars financed by deficit spending,has bought the imperialist economic system already running on credit to the point of economic meltdown.The UK partner in crime has a bank bailout too.But US imperialism plans to use this Crisis as oportunity to plunder the worlds weakend finance institution.