Tories caught up in Russian oligarch row

The Conservative party in the UK has been caught up in a scandal involving Russian oligarchs. Soe high-ranking Tory politians may have received some shady cash from Russian tycoon Oleg Deripaska."The saga of Lord Mandelson, shadow chancellor George Osborne, Russian tycoon ...

Osborne says he won't bail out bust UK bankers

The Conservative Party in the UK is havig their party conference today, and as could be expected they are focusing largely on the economy. The shadow chancellor George Osborne has said that the conservatives would not bail out any banks if they were in power. This is...

Kunstler: Market meltdown just the beginning

James Kunstler warns us that this week's market reprieve will be shortlived.  He contends that the real threat to the American economy and the suburban lifestyle it has promoted and mass marketed is peak oil."It's too bad the current presidential candidates have been...

Key prosecutor`s arrest exposes murky world of Indonesian justice

"Attorney General's Office prosecutor Urip Tri Gunawan was arrested on March 2 with 660,000 dollars in cash as he left the Jakarta home of Syamsul Nursalim -- just days after the AGO abandoned an investigation headed by Gunawan into the banker.The AGO was looking into alleged...

Time Layoffs: Another Death Knell For Print Media?

Print media is having a rough week.  TIME just laid off 100 people and the NYTimes also announced staff cuts.  This all points to an uncertain future for print."You can run, but you can’t hide from reality. And the longer you run, the quicker you realize that you...

Globalisation: sleepwalking to disaster

"Globalisation: sleepwalking to disaster Ann Pettifor The scale of global debt reflects a broken financial and commercial system that is doing immense damage to the planet and to public life, says Ann Pettifor. 11 - 12 - 2007 On 9 August 2007, globalisation's rickety...

National economy to grow over six pct in 2008: Banker says

""We are convinced Indonesia`s economy will grow by over six percent next year because the economic growth would be fueled by steady growth of primary commodities and increased consumption," Assistant Vice President of PT Bank Panin Susanto AH said here on Thursday. He said a...