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Italy holds second bond auction

Democratic governments always follow bankers' orders, while UNdemocratic regimes have a nasty habit of appealing to popular demand. The Italians wanted decent public services, low taxes, easy evasion (don't we all?) and more spending money. When this proved unsustainable, the bankers (in bed with the same advertisers who persuaded Italians they could afford such a lifestyle) stepped in and the trendy Independent-reading left cheered. Considering the UK has an aggregate debt of 10x GDP (including external ...

Across the world, the indignant rise up against corporate greed and cuts

The trouble with people like you is you cannot count. That rich elite you allude to are actually 1% of the world's population, or 60 million (so that probably includes a fair number of owners of a 4 bedroom house in London). The Wikipedia quote is actually "50 million richest people receive as much as 2.7 billion poor " (Milanovic 2002, p. 50). But this money is merely abstract. It doesn't translate into real resources. Money is infinite, resources are finite. Currently, money buys exclusivity and...

Forced marriage could become crime

Interestingly many newcomers are very keen consumers. Moving people from a relatively low consumption region to a junk addict nation like the UK is bad news for humanity's future on this planet. ... In reply to: NABIL ... greed and consumerism are expanding... ... ... Have you been to London recently? Ever considered how long the city would last if the rest of the world imposed an embargo. Whether newcomers are legal or illegal is actually rather immaterial. The fact is we have a limited carrying...

Further round of quantitative easing possible

Someone was trying to explain to me how we could grow the economy without boosting aggregate consumption. I think it's called inflation. One thing is for sure the Chinese and Indians do not need our banking, media and consultancy services. So if even more virtual cash is injected into the economy, where will it end up? Will it just be squandered on imports making this country even less self-sufficient? Will it be gobbled up by bankers and fraudsters happy to cash in on a temporary upsurge in demand for...

Chavez to seize homes and hotels for the poor on idyllic Los Roques

Just to clarify the terms many use to describe world leaders: Tyrant: Leader, democratically elected or otherwise, whose policies clash with the interests of US multinationals. Hugo Chavez is often described as a tyrant... Maverick: democratically elected leader whose policies clash with the interests of US multinationals. Allende was a maverick.... Democratic leader: Tyrant, whose party may well have won staged elections, but whose policies are dictated by foreign multinationals, e.g. Our enlightened...

Travellers 'praying' for legal win

Houses, cars and human beings pollute. We need countryside to provide us with fresh air. Poland, Ireland, Hungary, France etc... all have significantly lower population densities, but plenty of arable land. We are on the verge of financial meltdown and may soon not be able to import food and other goods in exchange for frivolous financial services. Believe me, we need every square inch of countryside, either for growing food or to generate fresh oxygen and absorb human pollution. The only major countries...

Meltdown fears for euro as G20 makes plans for Athens to default on debt

Seriously I thought Iceland was the root cause of all our woes, now it appears to be Greece. I am so relieved at the entirely responsible decisions taken by British and American politicians to pump trillions of USD into the economy to boost consumption and our dependence on imports. Print, print, print and if anything goes wrong just blame some small holiday destination. ... ...

The world prays for an economic miracle

The world, if she let us know her true feelings about the way our species treats her, would pray for us to stop depredating her resources and monopolising delicate ecosystems that took millions of years to evolve. Keynsian economists, on the other hand, are not the world, but may indeed be praying for a miracle to save their dream of eternal growth. They hope that by pumping more virtual cash into the economy to drive up consumer demand and boost profits, while turning a blind eye to the rather obvious...

Hydrogen filling station is opened

When will people get it. Hydrogen is not an energy source, but an energy carrier. You have to synthesise it first from another energy source such a nuclear, oil or low-yielding renewables like wind turbines or solar panels. More important they are very expensive to manufacture and use toxic materials. ... ... I have a god-given right to drive my SUV around the M25 and anyone who suggests otherwise is a green lizard intent on the eradication of good hard-consuming motorists like myself. ... In reply...

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