Austerity (for most)

By: Thursday June 20, 2013 1:30 am

Well how utterly non-shocking.   While the ever popular George Osborne, the UK’s Chancellor of the Exchequer, was cutting government expenses on the poor and middle class — and cutting domestic spending so drastically as to turn recession into depression — some people were not suffering. Of course, they are the usual people. Bankers’ bonuses soared [...]


Our policy has failed, full fail ahead!

By: Wednesday March 13, 2013 1:30 am

Well this has been predicted for some time — and it has now come true.
Behold A-U-S-T-E-R-I-T-Y works its magic!

British Might End Too Big To Fail Banking

By: Monday February 4, 2013 7:38 am

After a global financial crisis, an epic price fixing scandal, and embarrassing criminal conduct British regulators are considering ending Too Big To Fail Banking. British Finance Minister George Osborne has proposed legislation that if banks do not shield their riskier investment activities from day to day banking they will face restructuring.

This austerity thing has worked out so well…

By: Tuesday January 8, 2013 1:30 am

It can only be solved by calling for more austerity.

Austerity Still Taking a Bite Out of Europe

By: Wednesday December 5, 2012 12:35 pm

While debating how much austerity outside of the magic no-budgetary-impact spending on the Pentagonto enact, the United States could take a lesson from, well, from the rest of the developed world. The relative lack of austerity in the US compared to Britain and the rest of Europe led to better economic performance (and it’s important to say “relative,” because US fiscal policy turned negative for growth at the federal level in 2010, and at the state and local level it’s been full-speed ahead for austerity since 2008).

Austerity for thee

By: Monday October 22, 2012 1:30 am

George Osborne, the Chancellor under the Cameron Government in the UK has been a lightning rod ever since he helped usher in austerity measures in the UK — which has undeniably caused a double-dip recession.

One might think that would be the thing that would have cost him his job months ago.

But, as usual and as Atrios noted last week the thing that may very well end Osborne’s job is not his torpedoing of the British economy, but his being a hypocritical dick on a small scale.

Royal Bank of Scotland Trader: Any Employee Could Change Libor

By: Friday August 24, 2012 6:49 am

The Royal Bank of Scotland is not having a good week. Earlier in the week they became the latest to be subject to investigation on the grounds of money laundering. Now they are embroiled in the Libor scandal, with one trader claiming that anyone at RBS had the opportunity to rig the benchmark interest rate.

There damn well better be photogrophers present

By: Thursday July 26, 2012 1:30 am

In what is probably the least aptly named “charm offensive” since Donald Trump looked in a mirror, Mitt Romney is due to lock his Asimo-like right-appendage with the hands of various British government officials in a “Mitt and Grit”meet and greet.

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