Global Financial Crisis

Ten years ago this week, the emerging global financial crisis rudely hit the shores of Britain. Northern Rock, previously
His values in the long term turned out to be incredibly important - not just for him as an individual but for society as a whole. The transgression of this value on a global scale had possibly played a significant role in triggering one of the worst financial crises of the last century.
One thing is for sure: any plan based on restricting access to cheap fuel is doomed to fail from the start, so we have no other choice but to address the problem and create long-term, sustainable solutions.
Like conflict, austerity leaves people scarred, changing them forever, and disproportionately affecting the most vulnerable. It is ultimately self defeating. Most tellingly, it is the poorest who suffer most under austerity, as in war, whilst the richest always profit...
Twitter is a blaze with condemnation that most people that bothered to vote went for UKIP than any other single party in last weeks European Election. Let alone for the vast majority that chose not to visit the voting booths. Across mainland Europe the far right made spectacular advances. A darkness is descending as we howl against the fading moon dreading what this new dawn will usher forth...
Austerity, and online petitions have much in common. Both are dominant online topics, and both have a polarising effect on opinion as to whether they can ever truly yield successful outcomes. Petitions seem to be becoming the reposte of choice for those affected by the worst effects of austerity, and today I read about a case that exemplifies this brilliantly.
Q. What is your position on the criminalization of bankers in the wake of the global financial crisis? A. Things which were crimes at the time should be prosecuted as such...
The banks have admitted guilt and they are paying us back for all the dodgy deals they got into! Well, not really. Banks are, in effect, 'fessing up to having behaved fraudulently or criminally. However what 'settling' means is actually 'paying regulators to shut up and stop asking difficult questions'.
George Osborne's speech at the Conservative Party Conference in Manchester dealt with themes we have come to expect from him: an emphasis on fiscal discipline and assurances that he is on the side of aspirational, "hard-working" people the length of the country. There were, however, also features we haven't heard before...
Much of the focus since the financial crisis has been on what went wrong with the system and how to fix it. But tweaks to the architecture of the current system and changing some of the people working in it are not what will bring about a revolution.