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Showing posts with the label Chanel 4 News

Greece and some lessons for all of us – do we need a global default?

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Syriza’s win in the Greek referendum showed to the whole of Europe and the world that people will not stand for harsh austerity measures,. originally caused not by them but by the financial and banking sectors casino capitalism.  Remember the financial crisis wasn’t created by the people but by a small number from the finance sector virtually all of who have not suffered or found themselves in jail. The current economic model, which has brought unprecedented prosperity to the more developed countries and to particular people in those countries, has only deepened the inequality inside those countries and between them and most developing countries. That the Sustainable Development Goals have goal 10 'Reduce inequality within and among countries' shows that we are in difficult times. We are still experiencing the impacts of the financial crisis of 2008 and the medicine that we have been given isn't working. This includes reducing our pensions, our social service support...

The Banks again Behaving Badly - still so few in jail for what they did Channel 4 Economics Editor says it for all of us

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Paul Mason, Channel 4's Economics Editor, Is Sick And Tired Of Banks Behaving Badly How is it that the Bank directors and financial institutions that caused so many people to lose their homes and jobs have managed to get away with it and still in virtually all cases still have great wages and are not in jail. Even now we are finding out how crooked they are with 5 banks now being fined 2.6 billion UK bounds by US and UK regulators (HSBC, RBM, UBS, JP Morgan, Chase, Citibank and Bank of America) for what is insider trading ripping off their own clients in foreign exchange trading.. But no criminal charges. Paul Mason  Channel 4 News' economics standing outside the Royal Bank of Scotland HQ in London tells it as we ALL think it .  "I am actually just sick of that corner," he say. "That corner over there where RBS HQ is. I’m just sick of it, after six years, why do we keep having to come and do it?" "Well I’m here again at RBS because yet again the...