2 April 2008

Capitalism gambles with our lives

FSA Northern Rock report: WHEN NORTHERN Rock collapsed last year, the Financial Services Authority (FSA) set up an internal review of its regulation of the bank, writes Kevin Parslow.

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25 March 2008

World events and their repercussions

Two extracts from a summary of the present world situation and world relations, written by Peter Taaffe for a meeting taking place this month of representatives from European sections of the Committee for a Workers' International...

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19 March 2008

Darling's 'more of the same' budget

Editorial: "The most wrenching since the end of the second world war" is how Alan Greenspan, ex-head of the US Federal Reserve, described the current crisis engulfing the US economy...

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30 January 2008

Debt and housing slowdown threaten Britain's time bomb economy

Debt and housing time bomb, photo The Socialist

THE EXTREME volatility in the world's stock markets has not yet led to London city slickers jumping off skyscrapers. But growing fears about the underlying health of the economy prompted one commentator to scream about a global 'pandemic'...

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29 January 2008

End this market madness

THE RECENT white-knuckle ride on world stock markets threatens a world recession. And it will be working-class people who will pay the price, writes Manny Thain

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10 January 2008

Fight for socialism!

Make Socialism Our Future: ISR / CWI banner on the Anti-G8 demonstration in 2005, photo by Paul Mattsson

Last year ended to the roar of the assassin's bullet and bomb, cutting down Benazir Bhutto, the fourth such civilian leader or president to be murdered since the foundation of Pakistan 60 years ago... By Peter Taaffe, Socialist Party general secretary

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29 November 2007

Northern Rock scandal: Nationalise the banks!

NORTHERN ROCK, the UK's fifth biggest mortgage lender, went into financial meltdown when it was forced to call on emergency funding from the Bank of England in September... By Elaine Brunskill, Newcastle Socialist Party

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14 November 2007

World economy: Bosses' crisis, workers pay

Bubbles: Socialism Today, May 2007, anticiapted the c rash. Cartoon by Suz

The global economy is in deep trouble. When the subprime mortgage crisis hit financial markets in August, it was dismissed by city pundits as a mere hiccup... By Lynn Walsh

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4 October 2007

Banking turmoil continues

The governments's effective nationalisation of the deposits in the stricken Northern Rock bank and guarantee of deposits up to £35,000 in all banks, have not ended the financial turmoil... By Judy Beishon

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