Tim Worstall

There is no obvious solution to the financial crises, but it should be clear that they cannot be resolved by economic theory… My word, what are we going to use then? Homeopathy?

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Sadly, you already do.

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Mr Schultz, chief executive of troubled coffee store giant Starbucks, had earlier told television business network CNBC, that "the concern for us is Western Europe and specifically the UK. The UK is in a spiral". Asked later about the comments, a clearly furious Lord Mandelson responded to the Telegraph: "Why should I have that guy [...]

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The zero carbon building, developed by University of Cambridge architects as a prototype for future living, is based on a 600-year-old Medieval design that retains heat from the sun while cooling naturally in the summer. Any extra energy needs are provided by solar panels on the roof and a woodchip boiler. The unusual dome-like design [...]

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…but in a stinging response, Mr McNulty, a former police minister in the Home Office, said: "I have enormous respect for the work and experience of Dame Stella Rimington but I think on this she is totally and utterly wrong. "Wrong to suggest that had all the things we planned been passed we’d have been [...]

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If there’s anyone out there with an awful lot of time on their hands they might want to try looking through all of those websites and adverts for offshore banking. See if they can spot others like this: Millennium Bank, a Caribbean-based institution, shares some attributes with Stanford International Bank,……Millennium, based in St. Vincent and [...]

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Today: Houston-based Stanford Financial Group, which says it oversees more than $50 billion of assets, is being investigated by U.S. regulators, according to a person familiar with the matter. The New York Times reported that U.S. securities regulators had accused three top Stanford executives, including Robert Allen Stanford, of fraud. Timmy, Saturday: You know, I [...]

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Monbiot speaks sense. I’m off for a lie down…..

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Bit of a shocker, I agree with a trade union leader. The joint general secretary, Derek Simpson, said: "There are currently one million agency workers in the UK who can be sacked without any notice … The current inequalities between agency workers and full-time employees must end." Make all contracts contracts for hire (as the [...]

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The UK equivalent of these museums is Bletchley Park and the National Museum of Computing which is housed there. Bletchley Park is an example of British brains and British thinking at its best. Have we no national pride? Is the UK government ashamed of British achievements? Where is our debt of gratitude for the efforts [...]

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Martin Hale, a husband cleared of murdering his unfaithful wife, tried to claim her £100,000 life insurance policy after beginning a relationship with a Brazilian man, The Daily Telegraph can disclose. Innocent man claims insurance policy?

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Airliner bomb trial: Eight men ‘tried to blow up transatlantic flights with liquid bombs’ Err, these are the bombs that wouldn’t work and couldn’t be made are they?

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Matt Yglesias on the Swedish school system. I think there’s something to that. Certainly, the US system of K-12 education has gotten pretty hidebound in ways that other countries have left behind. At the same time, conservatives who want us to learn from Nordic education systems need to understand that these schools are working in [...]

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Via Ritchie I see that this is the claim, that JM Keynes is no longer taught at Cambridge University. I drifted into such thoughts on a visit to Cambridge this week to hear a friend, Geoff Tily give a seminar on Keynes – to a very small group -  at Robinson College. There I met [...]

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The latest bright idea from Richard Murphy. It’s time to appoint successful head teachers to run banks. Riiiiiight.

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Pay freezes are in place at Guardian Media Group They just made a £300 million profit! How can they oppress the workers so?

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It came as David Cameron said he would cap all 2008 bonuses at £2,000 for staff in banks owned or partly owned by the government. He also said the government should be willing to sue any bank executive who insisted their contract entitled them to a large bonus for the year. Let’s rip up contracts [...]

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PJ O’Rourke makes the point (Holidays in Hell I think) that taxi drivers the world over are under contract to provide quotes for journalists in search of a story. Janet Daly has just used said contract.

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In a move which could exacerbate tensions at a particularly sensitive time for world trade, exporters in the heart of factoryland, who believe the strength of the yuan is causing the world to turn its back on cheap Chinese goods, are taking matters into their own hands. "Last year, our export business was difficult," said [...]

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Ninety per cent of "solidarity pacts" a year are now being made between people of the opposite sex, despite them being specifically designed for homosexuals, who are not formally allowed to marry in France. The Civil Solidarity Pacts, or PACS according to their French language abbreviation, take just 15 minutes and can be performed by [...]

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