Economy

Jon Snow's tweet
Yesterday evening, Jon Snow tweeted "Stock Market hits a high not seen since 1999 ... do I hear alarm bells ringing ... or just the one for close of business."  If alarm bells are not ringing, they should be.
On November 6, 2012 UK Column live Interviewed Watcyn Richards, a welsh farmer who had been defrauded of nearly £200,000 by Barclays bank by way of fraudulently copying his wife's signature. Following this interview, Guy Taylor, a landlord in Hereford, contacted us after Barclays had tried a similar stunt with him, this time for more than £900,000.
Maglev Train From JR Tokai
Japan has unveiled the prototype of a new Maglev train, capable of speeds up to 311 mph. In the meantime, over a week has passed since the latest floods, and British trains are still not running in the South West.
In an interview with Jon Snow on this evening's Channel 4 News, Lord Myners called for full Glass Steagall legislation to deal with the corruption of the banks, a policy I have been demanding for years.
Despite the euphoric reaction of the BBC as the results of the Greek election became clear, nothing changed in Europe this morning.
There is one question which will have system-serving politicians and economists running for cover:  why can’t the British government through its Treasury issue  interest free money based upon the common wealth and integrity of this country - worth trillions?
Matt Zames
JP Morgan executive Ina Drew has taken the fall for last week's $2 billion loss at the investment bank. He has been replaced by Matt Zames, previously a trader at LTCM.
Shanghai Maglev Train
The effects of the collapse in the real economy globally are being felt in China. Nevertheless they continue to invest in science and infrastructure, the two key requirements for future growth.

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