Britannia Radio

U.S. war on drugs has failed, report says: The United States' war on drugs has failed and will continue to do so as long as it emphasizes law enforcement and neglects the problem of consumption, a Washington think tank says in a report co-chaired by a former president of Mexico.

China slashes interest rates as panic spreads: The People's Bank of China cut interest rates by more than 1pc point as the economy crumbles and millions of jobs are predicted to go ahead of Christmas.

Financial Bailout Balloons to the Trillions: The government's financial bailout will be the most expensive single expenditure in American history, potentially costing around $7.5 trillion -- or half the value of all the goods and services produced in the United States last year.