A Bad Day For UK Shareholders
Posted by admin on February 13, 2009 in credit crunch, london stock exchange, northern rock, property rights, shareholder rights | Short Link
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Today was a fairly bad day to be a shareholder in the United Kingdom. The idea of property rights - something that is vital in a modern democracy - seems to have been damaged somewhat. Property rights are a central tenet of a modern economy. Without legal rights of ownership with a solid enforcement system, […]
Europe Really Is In Recession
Posted by admin on February 13, 2009 in credit crunch, depression, eurostat, eurozone, finances, recession | Short Link
Despite the credit crunch or crisis - depending upon your lexicon - politicians around the world have been clinging to anything positive and trying to avoid the word “recession” in any form. Those brave souls that do use the word recession are playing it down in the hope that it will only last a few […]