uk recession debate
UK Recession debate
Lets not bury our heads in the sand about where the uk recession originated from. It was a global recession that was started by bad moves (call it greed) between governments and bankers. These guys were using our money to play monopoly on a big scale. At the end of the day we will pay heavily for it.
An example quote to pick the bones out of: Goldman Sachs chairman Lloyd Blankfein told the us financial crisis panel that US government support was critical in the crisis. "We benefited from it," he said.
And we in the uk suffered for it.
Greed.
Do you agree?
Categories: uk Recession Tags: bankers, debate, global recession, greed, uk Recession, us financial crisis panel
Aftershock From the bbc
Aftershock
Aftershock from the bbc world news
The bbc world news service will soon be showing aftershock. The aftershock season will be aired on the bbc news programmes starting on september 7th and highlight the effects of the global recession.
The BBC's Business Editor Robert Peston will examine what happened and what we've learned since the day the money stopped. In this new documentary, he meets many of the people who witnessed the demise of Lehman's, from bank bosses, to Wall Street Lawyers and Government Regulators and ask them a year on, if anything has changed. How a Bust Bank Changed the World will transmit on BBC World News on 12 September (and BBC World Service’s Business Daily on 15 September).
BBC World News
Marking the start of the week which saw the real crisis in the financial markets, BBC World News begins its extensive news coverage with reports across the globe including Shanghai, Mumbai, New York and Japan. Special reports on how the credit crunch has affected the housing market and small businesses will also be aired from the U.S. in conjunction with Labor Day.
BBC World News' World Business Report
From 06.30 GMT on 10 September, will bring viewers live news from Dalian in China on the World Economic Forum Annual Meeting of New Champions.
India Business Report
On the weekend of 12 and 13 September, BBC World News' special programme devoted to business news from Mumbai, provides in-depth analysis on the big Indian conglomerates that took advantage of the credit crunch by buying Western companies.
BBC World News will broadcast a series of live reports
In an ambitious and truly global production, from the channel's expert presenters across the world on 15 September from 15.00 GMT. Mishal Husain (Singapore), Nik Gowing (Mumbai), Matt Frei (New York) and Jonathan Charles, Lucy Hockings, George Alagiah and Tanya Beckett in (London) will report on: Where is the banking system now and where is it going? What happened to the big Wall Street players? How much did the banks eventually write off and who were the winners and losers? The shifting of power to China and Asia? Could this happen again? And how much did banks eventually write off?
Watch aftershock trailer
Working Lives: Dubai
A co-production with BBC Persian TV, on 12 September. The programme follows the experiences of five people including a taxi driver and a billionaire, who have to deal with life's current economic realities in a land of economic promise
Our World
Hollywood or Bust airs on 16 September and provides an analysis on how Hollywood's movie industry can survive the recession. The programme also broadcasts a candid interview with Sumner Redstone, the head of one of the world's largest media conglomerates, VIACOM.
BBC World News America
Marks the one-year anniversary of the Lehman Brothers collapse and ensuing global economic meltdown with two special programs anchored live from New York by Matt Frei: Monday 14 September (from the BBC’s New York bureau) and Tuesday 15 September (from Wall Street). In addition, special features leading up to the G20 Summit in Pittsburgh include an in-depth report from Washington Correspondent Katty Kay addressing a crucial question: is the U.S. government's massive economic stimulus program actually working? The recovery in China also comes under the spotlight in a report that asks if the Chinese might be replacing America as the world's dominant economic player. And BBC World News America meets three people who personify the links in the financial chain that led to last year’s economic collapse – the American homebuyer, the Wall Street financier who repackaged their subprime mortgage, and the Chinese investor who bought it.
Categories: Global Recession Tags: aftershock, bbc world news, global recession, trailer
Gordon Brown seeks EU plan to beat recession
Gordon Brown has called for greater European co-operation to help drag the region out of recession. He was writing in the Financial Times ahead of next week's European elections.
The PM called for a more "focused Europe-wide strategy for growth," including more and quicker central bank lending and co-ordinated action to help the continent's ailing car industries.
He said the decline of what is the UK's biggest export market - comprising 60% of overseas sales - was the country's "biggest anti-recession challenge". Latest official estimates have forecast a 4% decline in output across the EU this year.
Mr Brown said he has asked the European Investment Bank to increase its business and infrastructure lending by 50 billion euro (£44bn) and to accelerate the lending process.
He also said EU states needed to work closer together to find sustainable solutions for the car industry, and to have a "clear determination" to avoid long-term unemployment.
He said: "The next stage in the recovery from global recession must be a strengthened European growth strategy."
The PM said he has spoken to European Commission president, Manuel Barroso, about setting an "ambitious" EU target for apprenticeships.
"In the UK, we have guaranteed every young person under the age of 18 a place in education, training or a job," Mr Brown said. "But we need to do more across Europe."
He added: "With a strong commitment to work with our European partners to confront these economic challenges, we can lay the groundwork for a European recovery."
Thanks to mirror.co.uk for this article
Categories: Uncategorized Tags: eu, global recession