These are my links for August 21st:
- Kerry Katona declared bankrupt over tax bill - Times Online - Bankruptcy is a personal tragedy. But it's also incredibly important that HMRC make clear that no one can get away with not paying up. That's tax evasion by any other name.
- 20080821_web.pdf (application/pdf Object) - TJN's John Christensen in action
- FT.com / Companies / Financial services - Ecobank plans Africa’s biggest rights issue - In the light of the previous posts, let's hope they stick to banking
- FT.com / Companies / Financial services - ICBC set for world record profit - "Most of China’s state-dominated banking sector has been left virtually unscathed by the global credit crisis because of limited exposure to overseas markets and the absence of sophisticated credit instruments that have caused problems elsewhere."
In other words, they're bankers. It's a pity London and New York forgot the importance of their core business. We'd all be a lot better off if they had not.
- FT.com / Companies / Financial services - Lehman’s secret talks to sell 50% stake stall - What are the odds on who is next to fall?
- FT.com / Comment & analysis / Comment - The falling oil price is a lull in the storm - "The world is still dependent on hydrocarbons for more than 80 per cent of daily energy needs. A year of rising prices has only served to shift demand to coal. As a result carbon emissions continue to rise. The dependence of the world’s consumers on Saudi Arabia, Russia and a few other producers remains high. Imports are set to rise in the US, Europe, China and Japan."
That's why I'm a member of the Green New Deal. To have a hope we need to build a new economy on a different foundation. And I'd like us to have a hope. Finance is a key part of this: we have to build the new infrastructure we need for a low carbon future, now.
- FT.com / Companies / Financial services - Fannie and Freddie crisis deepens - And you thought it was all over? The fat lady hasn't sung yet, and there's a lot more pain to come (I'm afraid) before we build a new, sustainable, fairer, more accountable economic system to replace the horribly broken one we've got.
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