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The West must share the blame for war in Georgia

Independent - Tskhinvali is not Sarejevo in 1914. South Ossetia will not be the start-line of the Third World War. But it is a ghastly mess, all the more depressing because the West is partly to blame. In diplomacy, strategy and geopolitics, our political leaders have been guilty of multiple failures over many years.

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The World According to Josef Ackermann

Spiegel - The CEO of Deutsche Bank Josef Ackermann is justifiably proud of the fact that his bank has so far been able to weather the financial crisis better than many of its competitors. But he still hasn’t won any sympathy points. Perhaps his self-image is to blame.

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Hedge fund chiefs blame the system for financial crisis

Financial Times - The statements by George Soros and others suggested that hedge fund executives and lawmakers were reaching a consensus in the wake of the credit crisis that the status quo, in which the funds largely escape scrutiny, was no longer tenable.

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It’s all poor people’s fault, isn’t it?

Independent - As any economist knows, banking crashes are caused by Somalian fishermen. This is all in the recession handbook – to ensure governments and banks don’t get the blame by blaming the victims.

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