dealbook.blogs.nytimes.com - 2/3/2009
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Do hedge funds have human rights? In Europe, they just might.
Two hedge funds based in Britain - RAB Special Situations and SRM Global Master Fund - argued last month that the British government's nationalization of the failing bank Northern Rock amounted to a violation of the hedge funds' right ...
A test for Northern Ireland
search.japantimes.co.jp 3/17/2009 — Terrorists murdered three people in Northern Ireland last week. A decade ago that news would have been commonplace. Today, however, it is a stunning development for a people who have grown accustomed to peace and reconciliation. The remaining elements of a terror movement are trying to fan the ...
British Banks Deemed "Technically Insolvent"
nakedcapitalism.com 1/17/2009 — Of course, it takes one to know one. The no-doubt accurate call on the health of British banks comes from one of their own, Royal Bank of Scotland. Funny how no US bank is willing to make the same call. From the Independent : Britains biggest banks ...
FT.com / UK - Big risks for the insurer of last resort
ft.com 3/6/2009 — The government looks increasingly like a python that has swallowed a hippopotamus. In acting as insurer of last resort to the British-based banking system, it is taking on huge risks on behalf of taxpayers. If this turned out to be a global ...
Becoming one of us
fistfulofeuros.net 8/6/2009 — Sitting in the other day on a citizenship ceremony - a few dozen people from all round the world (Sierra Leone, Poland, Turkey, Bangladesh, Somalia, Cambodia, Nepal and the rest) becoming British citizens, with a fairly low level of ceremony. Holst on the dodgy CD player and the deputy mayor of ...
Propaganda, human rights and the US media
VoxEU.org 12/16/2008 — Nancy Qian , 15 December 2008 Respect for human rights is gaining in importance in international agreements, but who is to judge human rights performance? This column discusses new evidence that suggests national governments are not good judges. It ...
Lessons from Japan’s failed fiscal stimulus
VoxEU.org 4/1/2009 — Keiichiro Kobayashi , 1 April 2009 Bad debt is the root of the crisis. Fiscal stimulus may help economies for a couple of years but once the “painkilling” effect wears off, US and European economies will plunge back into crisis. The crisis won’t be ...
Jevons and the Six Day Car Crash
gregor.us 6/4/2009 — In the mid 19th Century, William Stanley Jevons patiently tried to explain to his fellow countrymen that the rich energy content in coal was not a marginal but a pervasive influence on nearly every aspect of the British economy. He warned that coal ...
UK: High Court Rejects Legal Challenge by Former Northern Rock Shareholders
securitiesdocket.com 2/13/2009 — In the UK today, former shareholders in Northern Rock failed in their legal challenge to the Government over the bailout of the company. The Times Online reports that the shareholders, which included two hedge funds and about 150,000 individual investors, applied for judicial review after ...
Distortions of the Dow —
The Big Money 2/4/2009
Let's start, shall we, with a hypothetical financial apocalypse: Tomorrow afternoon the stock of every publicly traded financial company in America plunges by 90 percent. Nearly a trillion dollars of shareholder equity in banks and insurers is ...