Fed goes after Wall St giant July 25, 2013 US FEDERAL prosecutors yesterday criminally indicted a top Wall Street hedge fund over allegations that years of spectacular performance were partly based on insider trading. SAC Capital Advisors was charged by a court in New York on four counts of securities fraud and one count of wire fraud following a seven-year investigation by regulators. No [...]
Elected police chiefs should be given more powers to protect us October 21, 2012 IN LESS than a month, all communities in England and Wales outside of London will undergo radical democratic change. On 15 November, 41 Police and Crime Commissioners will be elected with the one objective of cutting crime in their local areas. London isn’t being left out: the Mayor already has similar powers. Police and Crime [...]
Elected police chiefs should be given more powers to protect us October 21, 2012 IN LESS than a month, all communities in England and Wales outside of London will undergo radical democratic change. On 15 November, 41 Police and Crime Commissioners will be elected with the one objective of cutting crime in their local areas. London isn’t being left out: the Mayor already has similar powers. Police and Crime [...]
The Long View: Our very own Breaking Bad could be the wake-up call we desperately need August 8, 2013 BRITAIN needs better liars. Having lost our tolerance for taking reality straight up, we need a more palatable way to swallow hard truths. And for this, truth sugared by fiction looks like the best option we have left. In other words, Britain needs its own Breaking Bad, the greatest television drama since The Wire, which [...]
Irrational drugs policies incentivise experimenting with the unknown January 14, 2013 THE UK spends more than any other country in Europe on its drugs policy – 0.48 per cent of GDP according to the European Monitoring Centre for Drugs and Addiction. Yet it has some of the continent’s highest rates of problem drug use. More recently, we’ve also become global leaders in so-called legal highs – [...]
Cameron faces backlash over Mitchell resignation October 22, 2012 DAVID Cameron yesterday faced continued criticism over his handling of Andrew Mitchell’s resignation, as divisions within the cabinet surfaced over the fate of the former chief whip. Home secretary Theresa May repeatedly declined to comment on claims that she had led senior colleagues in calling for Mitchell to go. “I’m not going to talk about [...]
Cameron faces backlash over Mitchell resignation October 22, 2012 DAVID Cameron yesterday faced continued criticism over his handling of Andrew Mitchell’s resignation, as divisions within the cabinet surfaced over the fate of the former chief whip. Home secretary Theresa May repeatedly declined to comment on claims that she had led senior colleagues in calling for Mitchell to go. “I’m not going to talk about [...]
America’s energy renaissance will transform China as well November 12, 2012 SOMETHING extraordinary is happening to the global economy, with huge implications for geopolitics and international flows of trade and capital. The United States has engineered an energy renaissance: while it currently imports 20 per cent of its total energy consumption, much of it from the Middle East, America will become roughly self-sufficient in net terms [...]
BP given new $34bn bill for Gulf oil spill February 5, 2013 BP said yesterday it has been presented with a bill of at least $34bn (£21.7bn) from US states and local governments over the Deepwater Horizon oil spill in 2010. The figure, which BP says is based on “seriously flawed” methodology, would move the total cost of the disaster to more than $90bn. The announcement came [...]
Full-year profit slumps at BP February 5, 2013 Oil giant BP posted a fall in full-year profits this morning, as it continued to count the cost of the Deepwater Horizon oil spill in 2010. Full-year underlying replacement cost profit at the oil company fell to $17.6bn (£11.2bn), compared to $21.7bn over 2011. Profits for the fourth quarter came in above expectations though, at [...]