Monday, 1 February 2016


I should like to make my followers and visitors aware that my blogging in the coming weeks will be erratic. The reason for this is that I am going to be caring for someone very close to me who is seriously ill. I ask you all for your understanding. Naturally, I shall be back with you as and when time permits. – Mark

Wednesday, 20 January 2016

Fears Grow of Repeat of 2008 Financial Crash as Investors Run for Cover

THE GUARDIAN: As leaders gathered in Davos, FTSE 100 was gripped by panic selling and entered bear market with Dow Jones also plunging

Fears that the global economy could be heading for a repeat of the 2008 financial crash have sent shockwaves through financial markets – prompting a rush to safe havens by investors.

Oil prices fell to a fresh 12-year low on Wednesday and metal prices tumbled in response to warnings that China’s slowdown could derail the global recovery at a time when central banks, which came to the rescue in the credit crunch, have only limited firepower.

As world and business leaders gathered for the annual World Economic Forum in Davos, Switzerland, the FTSE 100 was gripped by panic selling, especially of mining and oil companies that have been hit hard by the global slowdown in manufacturing and trade. Earlier this week China recorded the slowest rate of economic growth for 25 years. » | Phillip Inman, economics correspondent | Wednesday, January 20, 2016

Tuesday, 19 January 2016

Inside Story: Rich and Poor: Will the Inequality Gap Ever Be Bridged?

Charity group Oxfam warns of global crisis, with the 62 richest billionaires owning as much wealth as half the world.