The Great Debate UK

Declare victory in the War on Drugs – then run like hell

October 29, 2012

By Laurence Copeland. The opinions expressed are his own.

Wherever you look – radio and TV, novels, internet – history is all the rage these days. Perhaps a large part of the appeal is the nice warm feeling it gives us of being able to look down on the sheer madness and heartless cruelty of our own ancestors. What did they think they were doing back in the 16th century burning witches? Or 300 years later, locking up poor young girls for getting pregnant? Or sending men to jail simply for being homosexuals, as we did until the 1950s ?

Why is the West bankrupt?

August 8, 2011

By Laurence Copeland. The opinions expressed are his own.

The UK, USA, the PIIGS (Ireland and Italy are together in the same stye), France is in poor fiscal shape  – OK, Germany is ostensibly living within its means, but it looks a lot less solvent when you remember that it has underwritten the rest of the euro zone (in large part, to protect its own irresponsible banks). In any case, as I have argued in previous blogs, this or a future German Government is likely to cave in to the pressure from its own electorate and from inflationist economists at home and abroad to join the party and spend, spend, spend. Only Australia and Canada, riding high on the commodities price boom, and a handful of small countries, look stable.

Is there such a thing as a real safe haven?

August 5, 2011

By Kathleen Brooks. The opinions expressed are her own.

There are traditional relationships that the financial markets respect. For example, when the markets are tanking the world wants to own safe havens like the yen, the Swiss franc, U.S. debt and gold. If volatility spikes investors go into auto-mode and are almost pre-programmed to purchase these asset classes.

U.S. debt downgrade: Who cares?

August 2, 2011

By Laurence Copeland. The opinions expressed are his own.

As I write this blog, it looks as though the U.S. Congress is going to pass a bill raising the debt ceiling and making modest cuts in Federal Government spending over the coming years. Although it is, quite rightly, being presented as a somewhat hollow victory for the forces of reason, there is one extremely puzzling aspect of the crisis.

Ben Bernanke could teach the EU a thing or two

July 18, 2011

By Kathleen Brooks. The opinions expressed are her own.

Markets thrive on certainty. Anything that smacks of uncertainty, fence-sitting or indecision will lead to market turbulence, as investors punish those who don’t tell them how it is.

Women’s fortunes in the job market take a turn for the worse

July 11, 2011

By Kathleen Brooks. The opinions expressed are her own.

Back in early 2009 I was sitting in the library trying to find a new spin on the U.S. financial crisis for a college paper. I trawled through book after book and they all said the same thing. But finally, late into the night, I stumbled upon something fresh in the latest unemployment report.

Europe’s bigger crisis waiting to happen

July 4, 2011

By Kathleen Brooks. The opinions expressed are her own.

So it looks like Greece has staved off default for another few months at least. Investors are breathing a sigh of relief and buying up risky assets like the world is a rosy place again.

Trichet’s United States of Europe?

June 3, 2011

By Kathleen Brooks. The opinions expressed are her own.

Another week another round of EU officials proposing solutions to the Greek insolvency problem.

from Pakistan: Now or Never?:

Solving Afghanistan and Pakistan over a cup of tea

April 20, 2011

cups of teaI have never read "Three Cups of Tea", Greg Mortenson's book about building schools in Afghanistan and Pakistan. I tried to read the sequel, "Stones into Schools" and gave up not too long after the point where he said that, "the solution to every problem ... begins with drinking tea." Having drunk tea in many parts of South Asia - sweet tea, salt tea, butter tea, tea that comes with the impossible-to-remove-with-dignity thick skin of milk tea - I can confidently say that statement does not reflect reality.

The U.S.’s big, fat political debt problem

April 19, 2011

USA-BUDGET/By Kathleen Brooks

The U.S. has practically zero chance of solving its debt problem in the foreseeable future while politicians line up to contest the 2012 Presidential elections.