Britain: Banks in meltdown. Take them over. Stock exchanges in Britain and the USA have been on the slide over the past few days. The reason is not hard to seek. The FTSE has been spooked by bank shares collapsing. Barclays, for instance, saw 25% of its share price shaved off in one hour last Friday (16.01.09). This was the day after the bank announced 2,100 job losses. It’s starting to look like the time back in October when it seemed that banks such as Barclays and the Bank of Scotland (now HBOS) that had been in existence for hundreds of years would be destroyed by a share collapse in a matter of hours.
Book Launch in London: "Pakistan’s Other Story - The 1968-69 Revolution" Lal Khan is presenting his new book on the Pakistan revolution of 1968-69 in London this Thursday, January 22. Alan Woods, author of the introduction of the book, will also be speaking at this event.
Britain: The Hero of the Hour He is the hero of the hour, the man who, if we are to believe the media, single-handedly has saved the world financial system from meltdown. When all around were panicking and in despair, here was a man who kept his head and threw billions of pounds at the banks, a veritable 21st century miracle! That man is Gordon Brown, a man who dances to the tune of the bankers and capitalists, not the workers who voted Labour into power.
