Saturday, 18 August 2012 05:36 'Five years since the start of the financial crisis, taxpayers would still be forced to foot the bill should more banks fail because countries are delaying alternative solutions. Finding a way to shut down big banks quickly without triggering market mayhem — the threat of which prompted governments around the world to resort to publicly-funded bailouts between 2007 and 2009 — remains a mammoth task. Britain, Switzerland and the United States, frustrated by the slow pace of reform, have drawn up plans giving their local regulators power to step in should a major lender go bust.' Saturday, 18 August 2012 05:36 'A painful British economic recession, rising unemployment and biting austerity measures may have driven more than 1,000 people in England to commit suicide, according to a scientific study published on Wednesday. Read more: U.K. Recession Drives More Than 1,000 To Suicide: Study
The study, a so-called time-trend analysis which compared the actual number of suicides with those expected if pre-recession trends had continued, reflects findings elsewhere in Europe where suicides are also on the rise.
"This is a grim reminder after the euphoria of the Olympics of the challenges we face and those that lie ahead," said David Stuckler, a sociologist at Cambridge University who co-led the study, published in the British Medical Journal (BMJ).'
Saturday, 18 August 2012
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