economic policy
Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage,… Read more »
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The Bank of England is working with the government on a plan to ease the credit crisis by allowing banks to swap mortgage-based assets for government bonds. The central bank refused to comment on the speculation, although several newspapers have quoted government sources as saying a deal to help liquidity is not far off. The… Read more »
Gordon Brown is set to push US financiers for quicker release of their results as he begins a three-day visit to the US. The prime minister has arrived in New York City ahead of high-level talks on Zimbabwe and bilateral relations between Britain and the US. And following his meeting with senior British banking figures,… Read more »