Tim Worstall
5:16pm
One of these really mind boggling ideas turns up in the newspapers today.
MI5 and MI6 could be forced to share their intelligence with the rest of Europe under new proposals from the EU.
The piece goes on to explain at least some of the reasons why this might not be all that wise. We already share a lot with the Yanks, who would be less than pleased to see what they collect being shared with certain other EU states. There have also been times when material collected has been shared with people we really don't want...
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Laura Staples
12:36pm
No surprise but the Bank of England’s MPC has kept UK interest rates at 5 per cent.
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Michael Millar
9:34am
I got all misty eyed yesterday evening, reminiscing about the old days and how quickly things change. But this is not an ode to a lost youth, rather it is the loss at Blackstone, the US private equity group.
It seems like yesterday institutions could hardly print money fast enough to satisfy the urge to lend Blackstone millions for its mega-leveraged deals. But those days are gone. The firm has announced it lost $400 million in the first six months of this year, compared with $1.9 billion profit in the first six months...
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Laura Staples
2:06pm
Alistair Darling could be on the verge of turning local councils into more than just bin tippers, or so says the Daily Mail. If the plan to get the property market moving again gets the go ahead Liverpudlians, at least, could find themselves going cap in hand to the local council for a mortgage if they’ve been turned down by the banks. I dread to think what this could do to council tax.
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Sean Martin
12:00pm
I sketched out my support for free trade on Coffee House last week. And today Lord Haskins has a great article in the FT, outlining how free trade can help to solve the escalating food crisis. Do check it out
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