Malcolm McLaren, the man who gave us The Sex Pistols, has found the real punks -- bankers. In an interview with Britain's The Observer, he says punk was not just about spiky hair and ripped t-shirts.
Global News Journal
from Pakistan: Now or Never?:
Pakistan has agreed with the International Monetary Fund (IMF) on a $7.6 billion emergency loan to stave off a balance of payments crisis.
Posted by Gleb Bryanski
Foreign investors who filed into a Moscow hotel on Wednesday anxious to hear what Russia’s anti-crisis tsar First Deputy Prime Minister Igor Shuvalov had to say about the future of the market were disappointed to find he had not shown up.
European leaders have finally got their act together. After weeks of looking divided over how to tackle the global financial crisis, they agreed on joint measures at emergency talks in Paris.
Politicians are always looking for new ways of dealing with the press and public. These days, for example, it is quite common for them to say they “misspoke” about something – a neat way of admitting to a mistake without actually doing so. This was made popular by the Richard Nixon’s old press secretary Ron Ziegler who would famously say something one day then announce “I misspoke myself” the next day. Such statements, Time magazine reported in 1973, were “not incorrect, not misinformed, not untrue – simply inoperative, like batteries gone dead”.Is it now possible that press-shy Republican vice presidential candidate Sarah Palin has come up with a new technique set to be emulated far and wide? During her debate with Democratic counterpart Joe Biden last week, she responded to one question by saying she was not going to answer it because she wanted to talk about something else.
Probably coincidental, but British finance minister Alistair Darling did much the same thing on Wednesday as he was part nationalising Britain’s bank. “I think I heard enough to be able to answer you, or put it another way, here is the answer I am going to give anyway, regardless of what your question might be!,” he said in response to one question.
The European Union has come under sharp criticism for having a fragmented approach to the financial crisis. It is exemplified by Ireland’s go-it-alone decision to guarantee all accounts and Germany’s surprise announcement after a meeting of leading members that it was taking unilateral action too.
Sometimes those shifts are barely perceptible — the Treaty of Versailles that ended World War One but also bred German resentment and the rise of Nazism; the Yalta conference that helped create the United Nations as a guardian of peace but also led to the Iron Curtain that divided Europe for nearly half a century; and the Great Depression (arguably the greatest catastrophe of the 20th century, says Martin Wolf).