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Public money behind the surge in stock market trading
November 5, 2009 9:27 am No Comments
I have blogged before about the role “unproductive” trades are playing in the current stock market boom. The FT today reports Goldman Sachs only posted one day’s trading loss in the past quarter – the quarter before saw two such days. On 35 of the 65 days of trading in the last quarter the company [...]
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Why the banks have stopped lending
October 28, 2009 11:59 am 22 Comments
Channel 4 News presenter Jon Snow insists there are no signs of increaed credit being made available in Europe despite the campaigns by politicians and senior economists.
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Dead aid to Africa's North-South Corridor?
April 8, 2009 7:18 pm 6 Comments
DFID, the UK aid department, asked me to volunteer to come down here to Lusaka in Zambia to help “facilitate” the launch of the North-South Corridor project for which they and other donors have thus far raised $1.35bn. It involved four presidents, the head of the WTO, a DFID minister, an EU commissioner, international banks, [...]

