| House rules vs club class, Jeremy Hardie Jeremy Hardie asks whether Britain's Whitehall-led bailout is really better than America's messy compromise. Not for the first time – remember the long lost belief that our troops could handle things better in Basra than the Americans would in Baghdad – there are signs of complacency that the British rescue package for our banks is smarter and neater than the messy Paulson plan in the USA. Martin Taylor, the ex Chief Executive of Barclays has described the Brown/Darling plan... more » 42 Days in the Lords: An "abundance of caution", Anthony Barnett As Gordon Brown comes under increasing pressure to abandon 42 day detention ahead of Monday's crucial Lords vote, oD republishes Anthony Barnett's essay calling on Parliament to vote down a proposal that will undermine the basis of law and aid terrorism. (This article was first published on 6 June 2008) Read the rest of this post... read more The choice: leadership or collapse, Will Hutton In the week of the crash in 1929, Wall Street fell by 23%. In the week of 6-10 October 2008, it fell by 18%; while London and Frankfurt fell by 21% and Japan's Nikkei by 24%. Every major financial centre's interbank market is frozen. Trust and confidence have collapsed; the global system is paralysed on a scale that now surpasses 1929. There is a combination of a worldwide bank-run, seizure of credit markets and collapse of asset values that could plunge the globe into a depression.... more » A Nobel creation , Yves Gingras
Much has been said about the Oscar-winning movie A Beautiful Mind and its hero, the mathematician John Nash. Just as spring is the time for Oscars, a new crop of Nobel prizes has accompanied the fall of autumn leaves every October since 1901. As Daniel Kahneman and Vernon L. Smith share an award this year, it’s a good time to pose a question raised by a neglected aspect of the movie: what prize exactly did Nash really win? The answer is not as obvious as it seems. When A... more » |
Tuesday, 14 October 2008
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