http://www.financial-crisis.eu/home Tue, 30 Jun 2009 22:36:46 +0000 http://backend.userland.com/rss092 en Global finance today dominates the world economy. Western economies are characterised with financial sectors which generate billions for the economy. Stock Markets, multinationals, companies raising billions, initial public offerings (IPO) and so on, all symbolise the apparent success of Capitalism. Finance is important in any economy for two fundamental reasons:1. ... http://www.financial-crisis.eu/home/headline/islam-and-finance The Financial Times reported today that for Britain to recover from its current economic status it would have to return to the old fashioned custom of only spending and investing what the nation has in savings. The UK has long suffered from the Capitalist disease of greed and consumption and living ... http://www.financial-crisis.eu/home/viewpoint/britain-is-truly-bankrupt It has been reported today by the BBC that the way banks were regulated needed to change in light of the failure of Northern Rock and other institutions. The House of Lords Economic Affairs Committee said the so-called tripartite system had failed and must be reformed. The report said the problem was ... http://www.financial-crisis.eu/home/news-comment/bank-regulations-criticised US car giant General Motors (GM), who at one time had a massive 50% share of the US motor industry, has filed for bankruptcy. The stricken firm whose fate is the biggest industrial failure in US history had been given a deadline of 1st June to come up with a viable ... http://www.financial-crisis.eu/home/news-comment/us-symbol-unable-to-survive-the-great-recession In a report published recently by the TUC it states that those earning around the median income have seen a lower increase in their standard of living than higher earners.TUC General Secretary Brendan Barber says: "Those on middle incomes got left behind under the Conservatives, were left out of Labour's ... http://www.financial-crisis.eu/home/news-comment/the-last-boom-was-only-for-the-minority Whilst the Western world has managed to achieve phenomenal development since the industrial revolution the Muslim world on the other hand lags far behind. The Muslim world is represented by an underdeveloped infrastructure, poverty, unemployment and nothing in the way of technological development. At the same time the Muslim world possesses ... http://www.financial-crisis.eu/home/featured/islam-and-industrial-development The statement by Standard & Poor, a discredited rating agency, that the UK risks losing its AAA credit rating has caused controversy. Standard and Poor’s statement is more a political statement than an economic assessment because it has long been known that the British economy has been living beyond its means. Britain’s ... http://www.financial-crisis.eu/home/featured/the-uk-risks-default Today the BBC reported that the Japanese economy shrank by its quickest pace for the first three years for 2009 since records began due to a slump in exports caused by the downturn in the global economy. “Output in the world's second largest economy contracted by 4% during the period, or ... http://www.financial-crisis.eu/home/news-comment/japanese-economy-crashes-as-western-economies-tumble Did the financial crisis stem from market failure or government failure? Anti-capitalists argue the market spectacularly failed while conversely capitalists contend that the regulatory framework was responsible for the collapse in financial markets. Both opinions falsely assumes the so called regulatory framework exists to control the market. In reality this could ... http://www.financial-crisis.eu/home/news-comment/the-blame-game President Harry Truman of the US, in his inaugural speech in 1949 encapsulated development: "Greater production is the key to prosperity and peace. And the key to greater production is a wider and more vigorous application of modern scientific and technical knowledge.” He reiterated a concept that had at the time ... http://www.financial-crisis.eu/home/featured/attaining-sustainable-economic-growth