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Inflation is a subtler threat than it appears

Financial Times - Governments need to embrace an agenda which recognises that high food and energy prices are here to stay. They should think ahead and encourage capital spending in energy and farming technologies.

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Nationalisation threat to banks

Independent - Banks are told to do their bit for the economy. Downing Street considers ‘nuclear option’ to make lenders release cash. The Government is using the threat of a wholesale nationalisation of banks in an attempt to force institutions to lend billions to small companies struggling to survive as Britain slips into [...]

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Sarkozy’s fiscal meeting raises diplomatic hackles

IHT - President Nicolas Sarkozy of France left the summit meeting on the financial crisis here last weekend in a triumphal mood, declaring that it had tamed the animal spirits of American capitalism. Then he went home and announced that he would hold his own summit meeting in a few weeks in Paris — [...]

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GM: The Threat of Bankruptcy

BusinessWeek - Over the past several days, while General Motors (GM) Chairman and Chief Executive G. Richard Wagoner Jr. has repeated his mantra that “bankruptcy is not an option,” the specter of a Chapter 11 reorganization is circling GM’s downtown Detroit headquarters like vultures. GM’s senior management, business experts, and some members of [...]

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