Britannia Radio

Iceland: what ugly secrets are waiting to be exposed in the meltdown? Almost a year since the collapse of the Icelandic banks, the rotten nature of these financial corpses is slowly beginning to emerge.

Foreign demand for long-term US securities rises: China and Russia trimmed their holdings: The Treasury is auctioning record amounts of debt to cover what it estimates will be a $1.85 trillion budget deficit this year. If overseas buyers don't continue purchasing U.S. debt, some economists worry that would mean falling demand at Treasury debt auctions and rising interest rates.

Another bank goes bankrupt : $25bn Colonial Bank closed down by US regulators: One of the biggest banks in Florida has been shut down by regulators and its assets sold to a rival in a move that underlines the continued frailty of the American banking and property sectors

Jobless spike compounds foreclosure crisis: Economists estimate 1.8 million borrowers will lose their homes this year

Is There Any Point in Fighting to Stave off Industrial Apocalypse?: The collapse of civilisation will bring us a saner world, says Paul Kingsnorth. No, counters George Monbiot – we can't let billions perish