1. Effective nationalisation of western banking industry. No word on insurance company liabilities yet.
2. Iraqi oilfield sale starts
3. Attempt to extend internment to 42 days defeated in the UK House of Lords.
4. Zimbabwe lurches back towards war
…has £1,000,000 invested in Landsbanki in Iceland. Funds are innacessible at present.
Fingers crossed everywhere. Cartoon coming soon at Channel 4 News…
Watch the value of the sterling. Effectively the pound has just been devalued – as things get rougher, the Euro is going to start looking more attractive (in economic terms.)
Faisal Islam from Channel 4 explains why the government has been forced to do this.
Global shock therapy – from the BBC
British taxpayers hit for £50bn or so. Boom boom.
Coverage from Channel 4 News
Latest jokes from Saturday Night Live. Very good indeed.
Obama – McCain debate 2 tonight.
Global Fears of a Recession Grow Stronger
Three days after the approval of the White House’s $700 billion rescue plan, it looks like a pebble tossed into a churning sea.
There are very many happy cartoonists this weekend, but who knows what the country will make of it.
Well, the metaphorical piano is running down the stairs of fate. Can these two stop it now? What do you think?
Some observant eyes are below…
From Robert Peston @ the BBC
UPDATED 2pm Friday
Mick Fealty provides some good context to what is going on
…one can only marvel at the difficulty of the questions facing Prime Minister Brown.
