economonkey

Things are starting to get pretty ugly in Iceland, protesters have taken to the streets to complain about the government’s handling of the banking crisis which has seen this once prosperous western democracy collapse into the kind of economic disaster you’d expect to see in the third-world. It’s not surprising that they’re angry - just […]

Henry Paulson is now arguably the most powerful man in the world - or will be if Congress passes his and Federal Reserve Chairman Ben Bernanke’s new bill. If you read through the text of the planned $700bn bailout of the US financial system (which will take all the banks’ bad debts off their hands […]