The Dirty Secret of the Financial Crisis: Our Banking System's Broken

"Henry Paulson's $700 billion plan to save the world is dead or dying, but the bailout was not killed by his arrogance or his grossly misleading claims about what the public's money would buy. The plan collapsed because it didn't work. The Treasury secretary has launched a PR...

Government relents and scraps fuel duty rise

The UK government has cancelled a planned 2p rise in fuel tax in light of the ever increasing petrol prices. However the timing to the decision, coming as it does shortly before the very important by-election in Glasgow East, has being deemed suspicious. Gordon Brown may be...

Museums in the Sea

" SS Tarpon was a twin-screwed steamer, official number 130381, was constructed in 1887 at Wilmington, Deleware by the renowned shipbuilders Pusey and Jones. Christened Naugatuck, the new ship was delivered to the Naugatuck Valley Steamboat Company of Derby, Connecticut. The...

Refinery unions plan second 'crippling' strike

"UNION bosses were last night planning fresh strike action at the Grangemouth refinery after negotiations stalled again. A second crippling stoppage could now take place in as little as seven days - shutting the refinery for a month. Members of the Unite union held a mass...

The Siege of Gaza is Broken

"The Siege is Broken The Palestinian people took their destiny in their own hands today and smashed down the wall that divided Gaza from Egypt. Hundreds of thousands of people left their prison and walked into Egypt and bought up food, fuel and everything else in sight. It...

Platts Survey: OPEC pumps 31.11 mb/d in October, up 350,000 b/d

""The October survey results are good news for consumers, who haven't had much to smile about recently," said John Kingston, Platts global director of oil. "The fact that Iraqi output is up again is very encouraging, especially against a backdrop of news reports about some...