Wednesday, 10 November 2010


Ireland May Need IMF Bailout Says N.Y. Times - Says Scale of Debt is Massive

'In a front page story on Monday "The New York Times" is reporting that Ireland’s debt woes have “stoked fear that it might even need to follow Greece and request a bailout from the European Union and the International Monetary Fund.”

Such a move could "do lasting damage to Ireland’s credit standing.” The Times says.

In a story entitled “Irish debt woes revive concern about Europe” the newspaper reports that the Irish bond market already in free fall plunged further after the government announced massive new spending cuts.'

Read more: Ireland May Need IMF Bailout Says N.Y. Times - Says Scale of Debt is Massive


Abel Danger Visits London

'On the 4th and 5th of November, Abel Danger's Field McConnell visited us in London. Field retired from the USAF as a Lt Col in 1993, having flown A4, F4 and F16 fighters. He also has around 30,000 hours flying commercial airliners. He retired from commercial flying after blowing the whistle on the events of 9/11. During the visit, your humble editor took some video of Field and Brian chatting about the state of the world. Apologies for the occasional shakiness - Field's sense of humour was infectious.'

See more: Abel Danger Visits London



Some Charity Fraud Could Go Unpunished as Budget is Cut

'Significant fraud carried out in charities may go unpunished because of 27% government cuts to their regulator, the Charity Commission.

Its chief executive, Sam Younger, is considering a policy of ignoring some official reports of charity fraud. This would be for cases up to a "quite high" threshold.

The government says it is confident the commission will respond to the challenging cuts. It wants charities to help provide more public services.'

Read more: Some Charity Fraud Could Go Unpunished as Budget is Cut