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Trichet to deliver key speech on rates

Independent -  The president of the European Central Bank, Jean-Claude Trichet, will deliver a keynote speech today on the Bank’s interest rate policy. Before the recent credit crunch, the ECB had clearly signalled that it was prepared to raise interest rates at its next scheduled meeting, on 6 September.

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IHT - Mohamed ElBaradei, the chief of the International Atomic Energy Agency, said in a speech on Monday that the number of reports of nuclear or radioactive material stolen around the world last year was “disturbingly high.”

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Art’s too expensive, says Hirst

Independent - Just months after the success of a ground-breaking sale at Sotheby’s that brought him nearly £100m, Hirst has described the art market as over-priced, and welcomed the prospect of selling his work at cheaper rates in the present climate of recession.

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Fiscal policy is our most potent instrument

Financial Times - Fiscal policy, more than monetary policy, will determine how and when this crisis will be resolved. The best contribution central banks could make is to help the money markets. I still believe some explicit currency-zone level money market insurance scheme is the way to go. By all means, cut [...]

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