Barack Obama has spent the weekend in Ghana. One reason this relatively small West African country was chosen for his first sub-Saharan visit as US President is that the former Gold Coast has just struck black gold. One dog has yet to bark in this long winding crisis. Beyond riots in Athens and a Baltic bust-up, we have not seen evidence of bitter political protest as the slump eats away at the legitimacy of governing elites in North America, Europe, and Japan. It may just be a matter of time. At Thursday's Monetary Policy Committee meeting, interest rates will surely be kept at their record low of 0.5pc. Labour's financial reform paper highlights the problems of having a failed chancellor as PM, argues Jeff Randall.It's not just Africa that must sort out politics to help economy
QE just acting as a sugar rush for insolvent banks that deserve to fail
The unemployment timebomb is quietly ticking
The Bank of England should be given the binoculars it needs to spot the next asset bubble in waiting
There are still serious structural weaknesses in the UK economy
JEFF RANDALL
You can bank on the Hand of Gord to create another disaster
Sunday 12 July 2009
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