http://renegadeeconomist.com Just another WordPress weblog Wed, 17 Mar 2010 09:45:07 +0000 http://backend.userland.com/rss092 en The conference title says it all. And it won't come as a surprise to those who know us when we say that the tax system is both a contributory cause and a potential solution to the problem. This conference, which will be held in London from 26th to 30th April, is ... http://renegadeeconomist.com/headline/iu-global-conference.html The former prime minister Tony Blair has received millions of pounds through an unusual mixture of commercial, charitable and religious income streams. Since he stepped down from office in 2007, his financial affairs have been described by observers as "Byzantine" and "opaque". The Guardian is now launching an online competition ... http://renegadeeconomist.com/news/guardian-mystery-tony-blairs-finances.html Labour's strategy for tackling poverty has reached the end of the road and Britain risks a return to Victorian levels of inequality, according to a major two-year study seen by The Independent.   With 20 per cent of the population still stuck in poverty, the report calls for sweeping reform of the ... http://renegadeeconomist.com/news/independent-britain-faces-return-victorian-levels-poverty.html The leaders were still shadow-boxing at the Confederation of British Industry conference yesterday. In the red corner Gordon Brown thumped out his warning that "choking off recovery too soon would be fatal". In the blue corner David Cameron hit back, warning again of an austerity budget "within 50 days" of ... http://renegadeeconomist.com/news/guardian-cool-cutting-fisticuffs-long-hard-tax.html Royal Bank of Scotland (RBS) and HBOS were secretly kept afloat with £62 billion of emergency Government support at the height of the credit crisis last year, it was revealed today. The Bank of England kept the massive liquidity injections secret until today, when it judged calm had been restored and ... http://renegadeeconomist.com/news/times-bank-gave-rbs-hbos-secret-62bn-loan.html The public will not bail out the financial services sector for a second time if another global crisis blows up in four or five years time, the managing-director of the International Monetary Fund warned this morning. Dominique Strauss-Kahn told the CBI annual conference of business leaders that another huge call on ... http://renegadeeconomist.com/news/times-imf-warns-bailout-threaten-democracy.html Here is The Globe's second interview with Niall Ferguson. He shares some interesting thoughts about destabilisation - both monetary and socially, and the road ahead. There's nothing like a long-running equity rally, a return to something resembling normalcy in the credit world and fresh signs of economic recovery to lift the gloom ... http://renegadeeconomist.com/news/globe-niall-ferguson-thinks.html Thanks to Tony Beckworth for bringing this interesting article to our attention.   They simply can’t be right about 2010, can they...?! Nov. 20 (Bloomberg) -- U.K. house prices will probably fall next year, and it may take until 2014 to return to the levels at the 2007 peak of the country’s ... http://renegadeeconomist.com/news/bloomberg-uk-housing-market-recover-peak-2014.html Money Morning has described Britain as now being “actually insolvent” compared to being “technically insolvent” when it went begging to the International Monetary Fund (IMF) in 1976.  As we explained:  “In 1976, the UK government went begging to the International Monetary Fund (IMF) for £2.3 billion. In today’s money that’s the equivalent of around ... http://renegadeeconomist.com/news/money-morning-britain-death-economy.html The International Monetary Fund announced Monday the sale of 200 tonnes of gold worth 6.7 billion dollars to India's central bank to shore up IMF finances.  The sale to India was nearly half the amount that the Fund has targeted for sale over the coming years.  The IMF said the transaction, which ... http://renegadeeconomist.com/news/yahoo-finance-imf-sells-200-tonnes-of-gold-to-india.html