Browsing All Posts filed under »World Affairs«

A Lesson to be Learnt from the Euro Crisis

June 18, 2012

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The recent Spanish ‘bail-out’ has had a mixed reaction from the global markets. Stock markets in Europe and the U.S. fell, and Spanish borrowing costs rose, after the first post-bail-out trading day. It is fortunate for the Spanish populace, already subject to austerity measures, that the bail-out did not come with the same conditions as […]

Shareholder Action: A Positive Development?

May 4, 2012

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The annual meeting of Barclay’s Bank shareholders held last week, drew comment in the press. There was concern and dissatisfaction over executive remuneration. This follows similar expressions of concern by shareholders at Credit Suisse. A majority of shareholders of the insurance company Aviva, moreover, have voted against a remuneration report for senior executives. In all […]

Colonialism and the Rich: Demonstrations of Bigotry and Virtue

April 26, 2012

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Let us consider today matters that have received much press coverage recently, coverage manifesting a dearth of virtue among senior figures in media and government. While politicians are universally acknowledged to be only human, those with positions of great influence should be expected to act virtuously and to set an example to ordinary individuals.   […]

An Alternative Take on Prospects

March 16, 2012

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From a guest blogger: Draghi is fuelling inflation like the Bank of England. Greece cannot ever repay even the reduced debt after last week’s managed default and target of 120% of GDP by 2020. Greece must leave the Euro. The election this year may precipitate this. Then Portugal (public debt at 93%, and private debt […]

Reframing the Economic Debate: Personal Responsibility and the American Homeless

February 17, 2012

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At present it is hard to feel anything other than gloom about economic news. Unemployment fugures are high and firms struggle to access much-needed finance. The current global orthodoxy for governments is that of ‘necessary cuts’. Deepening ‘doom and gloom’ the credit rating agency Moody’s has this week noted a negative outlook for the UK […]

Trade Unions and Business Corporations: Reaching for the Common Good

December 7, 2011

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Both the newspapers and the televised media constantly remind us of our current economic difficulties. The revenues and profit-margins of firms large and small are shrinking. Many shops and factories are reducing workforces, and some are closing-down altogether with larger-scale job losses. It is therefore refreshing to read that workers at the Caparo Merchant Bar […]

Democracy, The Good and OccupyLSX

October 31, 2011

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From a Guest Blogger: And so we enter another week of the ‘OccupyLSX’ protest outside St. Paul’s Cathedral in London. Once again the protest is in the headlines as not only Dr. Giles Fraser but also the Dean Graeme Knowles have resigned their posts. Meanwhile ‘evil’ capitalists are still beavering away just as ‘feckless’ protestors […]