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Trichet keeps his rate options open

Independent - The president of the European Central Bank, Jean-Claude Trichet, sought yesterday to keep his options open in the face of intense pressure to say whether the ECB will indeed raise interest rates (as previously signalled before the credit crunch) at its next meeting on 6 September.

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Ministers should concentrate their fire on the banks

Independent - There is a danger of governments missing the bigger picture of this crisis by concentrating on this particular set of policy options. A fiscal approach to stimulate spending is all very well, but equal attention needs to be given to the effect of monetary policy. To put it simply, if the [...]

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Study shows how spammers cash in

BBC - Spammers are turning a profit despite only getting one response for every 12.5m e-mails they send, finds a study. By hijacking a working spam network, US researchers have uncovered some of the economics of being a junk mailer. The analysis suggests that such a tiny response rate means a big spam [...]

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