Posts tagged with ‘economy’

The chill wind of austerity

Gosh, it’s been a depressing week in British politics. Austerity is such a grey, foggy, Victorian sort of word. They’ll be talking about retrenchment next. And you don’t have to be an expert in the fine details of the budget to realise that there’s no way the government can cut total spending by 20% without […]

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LRB · John Lanchester: It’s Finished Why the UK is completely fucked. One of the better articles I've read about the economic meltdown; I'd like to believe that its conclusions are too melodramatic, but it has a horrible ring of truth. (del.icio.us tags: economy UK )

Gee, Officer Krupke

Since the world’s financial system went into meltdown, there has been a certain amount of tooth-gnashing and mouth-frothing about the dreadful greed and recklessness of bankers — a lot of it from politicians who frankly aren’t in a position to lecture anyone about short-termism. I find it difficult to work up much righteous anger. Firstly because […]

In a wailful choir the small gnats mourn

Is it just me, or do these market crashes always seem to happen in the autumn? Maybe the current crisis isn’t the result of years of cheap credit and over-leveraged banks. Maybe it’s actually an atavistic response to the nights getting longer. Too many bankers go for a few days in a row without seeing […]

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Subtraction 7.1 Beta: A Cloud and a Prayer 'The concept of “too big to fail” is under siege at the moment. The fact that a company, product or service is so clearly dominant and relied upon is no guarantee of its survival. In particular, I make this point in regards to Web applications, cloud computing, […]