If the life settlements market seems ghoulish, here’s a British scandal which isn’t doing the image of the business any favours. It’s one of the worst the country’s seen.
The outlook for the UK housing market has darkened again. The usually optimistic bunch of property market watchers polled by Reuters, who have tended to predict ever-rising property prices no matter what the season or financial climate, now say the market will move sideways for the next two years.
God did not create the universe and the "Big Bang" was an inevitable consequence of the laws of physics, the eminent British theoretical physicist Stephen Hawking argues in a new book.
from Photographers' Blog:
On tightly-choreographed campaign trails there aren’t many photo moments that haven’t been carefully planned beforehand by spin doctors, so when Gordon Brown made an impromptu visit to a hair salon in Oldham, there was a ripple of excitement.
While attending a meeting of prominent climate sceptics during the U.N. Climate Conference in Copenhagen in December (an anti-COP15, if you will), I listened to each of the speakers put forward their theory on why conventional evidence on the primary causes of climate change should be dismissed as, for lack of a better phrase, complete hokum.
Gordon Brown is truly having a rough time. Rebuffed by the United States, International Monetary Fund and others for floating the idea of a tax on financial transactions at this weekend's G20 meeting, he has now got short shrift from the Cayman Islands.
MacroScope is pleased to post the following from guest blogger James Carrick. Carrick is economist at UK fund firm Legal & General Investment Management. He says here old patterns of lending are unlikely to return and that this means slow growth in developed countries.