Time to fight for economic freedom January 5, 2011 IT was Frederic Bastiat, the French nineteenth century economist, who famously described the state as “that great fictitious entity by which everyone seeks to live at the expense of everyone else”. It is a shame that Bastiat’s work, cult reading in some circles, has yet to penetrate the public consciousness in Britain. Those who campaign [...]
Boring tag no concern for satisfied Mancini January 5, 2011 EMIRATES STADIUM ARSENAL 0 vs MANCHESTER CITY 0 MANCHESTER CITY boss Roberto Mancini shrugged off ‘boring’ chants from Arsenal fans after his side’s negative tactics kept the Gunners behind them in third place. Robin van Persie and Cesc Fabregas both hit the post as City survived an onslaught, leaving Arsene Wenger’s men four points behind [...]
What the other papers say this morning January 5, 2011 FINANCIAL TIMES HEDGE FUNDS BET ON REVIVAL OF FORTUNES After one of their most disappointing years, hedge fund managers are hoping for a better 2011 with less macro economic volatility and more corporate events to bet on, such as takeovers. As of the end of November, the average hedge fund had returned just over 7 [...]
Grant remaining positive despite Toon horror show January 5, 2011 NEWCASTLE 5 vs WESTHAM 0 BELEAGUERED West Ham manager Avram Grant blamed a “bad day at the office” after a debut hat-trick from Leon Best plunged the Israeli’s tenure to a new low. Grant (right) looks destined to be sacked after the Hammers sank back to the foot of the Premier League table, thanks to [...]
PM looks to stabilise fuel January 5, 2011 SHARP fluctuations in the price of fuel could be brought to an end under plans being considered by David Cameron. The Prime Minister is looking at pegging fuel tax to oil prices in an effort to ease fuel pump prices for consumers. Cameron had previously proposed a “fair fuel stabiliser” when his party was in [...]
Banker linked to F1 arrested January 5, 2011 A former German bank executive has been arrested for allegedly accepting a $50m (£32m) kickback in the 2006 sale of a large stake in the Formula One’s rights holding company, German prosecutors said yesterday. The former risk manager of regional public-sector bank BayernLB was taken into custody on charges of corruption, tax fraud and breach [...]
US private sector jobs surge January 5, 2011 The number of US private-sector jobs surged in December at a rate three times stronger than forecast, the most bullish signal in months that a recovery in the world’s biggest economy is shifting up a gear. Private employers added 297,000 jobs last month, payrolls processing company ADP Employer Services said yesterdfay. It was the largest [...]
Food prices soar to new high January 5, 2011 FOOD prices have surged above the peak they reached during the 2008 crisis, the United Nations (UN) revealed yesterday. The 2008 food crisis provoked food riots, the toppling of at least one government, and plunged over a billion people into hunger. And the UN’s food price index averaged 214.7 last month, a record high that [...]
Redknapp far from sure on Beckham loan transfer January 5, 2011 EVERTON 2 vs TOTTENHAM 1 TOTTENHAM boss Harry Redknapp claimed his hopes of signing David Beckham are now in the hands of others after seeing his side blow a chance to cement their top four place. The possibility of a deal now hinges on whether conditions likely to be imposed by the Major League Soccer side [...]
Intel launches high-speed chip for home moviemakers January 5, 2011 WHILE the giants of the electronics world were still setting up their stalls for the Consumer Electronics Show in Las Vegas, it was Intel which made the first game-changing announcement. The firm yesterday unveiled a chip it says is the most exciting product in the company’s history. Its Second Generation Intel Core, which features an [...]
