We’re in the midst of two enormous news stories.
First the London burning story: three nights of rioting (and counting) in the capital, spreading from borough to borough and, now, to other cities (Birmingham). What a finance type might describe as a serious case of contagion.
Second, financial meltdown 2. Plummeting share [...]
As the Greek crisis develops and spreads, threatening to become a Europe-wide sovereign debt crisis, I thought the following line from The Economist‘s editorial on the matter (‘Acropolis now’, 1 May 2010) is worth noting:
When the unthinkable suddenly becomes the inevitable, without pausing in the realm of the improbable, then you have [...]
I’ve been thinking about some of the issues around events in Greece and also ‘public concern’ over government debt in many other countries, including here in the UK where all three main parties are promising austerity in order to sort out the ‘public finances’. From the perspective of the financial markets, the number [...]
Last night I gave a short talk on behalf of We Won’t Pay For Their Crisis to the Climate Chaos Cafe at The CommonPlace. There’s nothing staggeringly original in it, but it does contain some nice insights harvested from all over the place (some chunks were lifted verbatim from the latest [...]
On the 28th of April 2006 a group of activists dressed in Superhero costumes burst into the insanely expensive Hamburg delicatessen, Frische Paradies and ran out with 1500 Euros worth of expensive food. Despite several police cars and a helicopter rushing to the scene, the culprits they got clean away. Not, however, before [...]
I went to a really productive meeting at the CommonPlace last night, throwing about ideas on the financial crisis and trying to work out how best we can ‘intervene’ (ugh, bad word but you know what I mean). I’m slowly coming to terms to with the fact that I’m fairly crap in meetings: [...]
As well as being a place to store our half-baked ideas, this blog is also meant to be a place where we can collect, record and circulate interesting stuff. And amidst all the shite that’s been written about the current credit/finance crisis, this piece (by George Caffentzis and Silvia Federici of Midnight [...]
