Monthly Archives: February 2008

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When bubbles burst, asset prices decline, net worth of non-financial borrowers shrinks and illiquidity and insolvency emerge in the financial system. The US government can rescue the economy. It is now being forced to do so. But that is not the end of this story

 

At the annual get-together of the alumni of JPMorgan I realised that part of my life may have been weird but it was not an irrelevance, says Lucy Kellaway

 

Guaranteed savings: why Northern Rock is safer than foreign banks; Tax-efficient investments – what Enterprise Investment Schemes offer; Star fund managers – who performs the best in volatile markets

 

The lesson for the government seems to be it is not enough to make what seem to be the right decisions if one does so in the wrong way, suggests Martin Wolf.

 

The link between the bursting of the housing bubble and the fragility of the financial system has created huge dangers for the US and the world. The US public sector is coming to the rescue and will succeed, but the journey will be uncomfortable, argues Martin Wolf

 

A special programme recorded at the Mobile World Congress in Barcelona. Sol Trujillo, chief executive of Telstra, gives examples of how mobile broadband provides real business solutions; FT correspondents Paul Taylor and Maija Palmer give their views on the technology that will soon be affecting businesses; and we have the thoughts of BlackBerry, Navtec and NEC on mobile services, navigation and LTE networks.

 

This week: tax rules and U-turns – the latest on tax planning for investors in individual savings accounts (Isas), and for non-doms with offshore trusts; commodities – how to profit from falling oil, gold and crop prices; and overseas banks – where to find savings rates of 6.5 per cent

 

In place of erstwhile hopes for the emergence of a democracy, we have proto-fascism: aggrieved nationalism; bullying of smaller nations; a cult of the strong leader; suspicion of enemies within; and resentment of foreigners.

 

When we were young we had something to prove. As we grow older, we realise that just as few doors are open to us as when we were young.