Wednesday, 9 June 2010

Lambeth Council's public consultation sham

Lambeth Council says that it is consulting over its plans for it to become a "John Lewis style partnership".

But it appears that its consultation is not quite the public exercise – in fact the public will have little say.

Saturday, 24 April 2010

Multimillionaires' wealth soar in record-breaking rise

All three main parties have stated that they will make savage cuts to our services and public sector job to pay for the trillion pounds of our money given to bailout the banks.

Now the Sunday Times reveals that Britain's top 1,000 wealthiest people have had a very good year. Their combined wealth rose to £335 billion, up £77 billion on 2009. This is the biggest increase in the 22 years of the Sunday Times' Rich List.

Friday, 16 April 2010

Investment Bank Goldman Sachs charged with fraud

Goldman Sachs has been charged with fraud. The Times reports that

The Securities and Exchange Commission (SEC) accused the Wall Street bank of creating a loss-making financial instrument called a collateralised debt obligation (CDO).
Goldman Sachs is an internationally renowned investment bank that has made billions from the financial crisis while workers around the world have been made unemployed and their public services cut.

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