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Darling’s Bleak Economic Warning



6:24pm UK, Saturday August 30, 2008













Britain’s economic downturn will be “more profound and long-lasting” than expected amid the worst global economic conditions for 60 years, Alistair Darling has warned.








Darling’s comments provide the Government’s grimmest assessment yet



The Chancellor also admitted that ministers were partly to blame for voters’ frustration because they had “patently” failed to explain [...]

Mortgage hopes hit by Darling

THE TREASURY has snubbed calls from Britain’s lenders for direct government
intervention to kick-start the mortgage market.
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voters are fed up with …King opposes Treasury’s liquidity plans
Tensions between the Treasury and [...]

Economy May Not Influence Election As It Has in Past

Home prices are plummeting, food and energy costs are sky high and, for many families, disposable income is stagnant or falling. Economic forecasters say conditions are the worst they’ve seen in a presidential election year in nearly three decades.

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Related PostsHere comes stimulus - question is howNEW YORK (CNNMoney.com) — The drumbeat for lawmakers to [...]

U.S. Gulf oil producers, refiners brace for Gustav (Reuters)

At least five refineries, with combined capacity of 1.12
million barrels per day (bpd) had reduced production in
Louisiana and Texas while oil companies were shutting down
offshore platforms and flying crews out of harm’s way as
Hurricane Gustav churned toward the Louisiana coast.
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Related PostsFingers crossed in U.S. oil sector as hurricane hits
[...]

The Ultimate I Ching For Business - Baseball, Part 2

Let me ask you a question: “What is your job?” or “What is your role in your business?” You may think it’s obvious, but sometimes we drift towards ineffectiveness. But a glance at baseball will sharpen your focus again! I’m utterly convinced that lessons from the baseball diamond will change your life and leadership and [...]

Home loan rates cut - at last

NON-bank lender Wizard Home Loans has cut its mortgage rate by 0.25 per cent, and says competition for customers is back.

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Related PostsWizard’s magic sees credit card rates go up

WIZARD Home Loans last night defended its controversial decision to raise interest rates on…What you should do as rates fall
WITH rates [...]

Salary Expectations Lower

The weaker economy has jobseekers settling for less, a survey finds.
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Related PostsLife after a six-figure salaryNEW YORK (CNNMoney.com) — Happy New Year and welcome to your new job. One that pays 30%, 50%, 70% l…What Structure Do You Expect to Complete Your Job Assignment?I bet you have not really thought about that question. What [...]

The drill-down on Sarah Palin

(Fortune) — Within hours of Senator John McCain picking Alaska Governor Sarah Palin as his running mate, the talking heads of CNBC had coined a new term: “Palinomics.” In a nutshell, the doctrine stands for expanding the search for domestic oil and gas as a solution to the energy crisis.
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Energy Suppliers Feel The Heat




‘Brick up your windows to stop the draughts, rip out your central heating to save on gas/water running costs, open out or build a open fire place and cut down a few trees as fire wood, if the climate changes and the northern hemisphere plunges into a new ice age-never mind modern technology in [...]

Chancellor Alistair Darling warns slump could be the worst for 60 years

Britain could be heading for its worst economic downturn for 60 years and
voters are fed up with Labour because ministers have failed to explain its
central mission, Alistair Darling has said.
Read more
Related PostsDarling’s Bleak Economic Warning

6:24pm UK, Saturday August 30, 2008



…Taxpayer can bear no more, admits Alistair Darling
Taxpayers are at the limit of what they are [...]

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