Monday, 19 January 2009

BANKING CRISIS
Darling’s new bail-out
The Mole on Ken Clarke’s risky return
 


Financial failure is simply the final, fatal blow

Insurmountable anger, not losing millions, is often the determining factor in suicide cases linked to debt



News

Govt unveils new bank rescue plan

The Government has announced a second bank bail-out plan in an attempt to safeguard the economy from ruin. Chancellor Alistair Darling said the measures were needed because if the banking system collapsed, the economy "would come down with it". The rescue package, the second in three months, will... [continued]

‘Big beast’ Clarke returns to Shadow Cabinet

Ken Clarke is to return to the Conservative front bench, to take on Lord Mandelson as Shadow Business Secretary, as first reported on The First Post. The Tory party's most controversial "big beast" and leading Europhile has reportedly told David Cameron that he accepts the party's line on... [continued]

Ken Clarke

Israel begins withdrawal from Gaza

Israeli troops have begun withdrawing from Gaza after their 22-day offensive was halted by a tentative ceasefire deal. The fragile truce was announced yesterday, with both Israel and Hamas agreeing a temporary ceasefire following a three-week onslaught which killed more than 1,200 Palestinians - including hundreds of children. Thirteen... [continued]







Obama to force bank lending

President-elect Barack Obama is to ensure that restoring the flow of credit is a top priority, a senior strategist said yesterday. The new US administration will demand that banks who are receiving public financial support step up consumer lending. "I think he is going to have a... [continued]


Box confirms Hudson pilot claims

The discovery of the black box flight recorder from the US Airways plane forced to land in New York's Hudson river has confirmed the pilots account that the Airbus A320 lost power to both of its engines simultaneously. Captain Chesley "Sully" Sullenberger told air safety investigators that he ditched... [continued]