economy and finance
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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By Peter Wozniak Excessive bonuses were merely a symptom of “ill-designed” regulation which caused the economic crisis, the head of Britain’s financial watchdog has said. Lord Turner, chief of the Financial Services Authority (FSA), conceded that bad banking practices were a contributor to the crash, and argued executives could have done more to avert disaster…. Read more »
by Peter Wozniak Britain’s public sector borrowing has broken records, rising to £15.9 billion for August. The increase, larger than that expected by the government, was the result of a spike in inflation leading to higher interest payments on government bonds linked to the retail price index (RPI). The RPI is calculated based on a… Read more »
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