Monthly Archives: September 2008

It is just over 70 years since the Great Depression. Judged by its rejection of the US Treasury’s bail-out plan, Congress believes it is time to risk another one. Martin Wolf argues a slump is not inevitable but only if action is taken to prevent one.

 

The US Treasury secretary views the core challenge as illiquidity, not insolvency. By creating a market for toxic assets, he hopes to halt the spiral of falling prices and bankruptcies. But the scheme is neither necessary nor efficient, says Martin Wolf

 

Where can investors find safety in the financial storm? Mortgage rates rise again – and it’s not just first time buyers being priced out of the market. Plus: good news and bad news on tax free savings

 

Ade McCormack answers questions about how business can be greener; and JP Rangaswami, BT’s CIO, explains why he and many others from the IT world will be sleeping outside for a night.

 

Should we be sickened at the news of formerly well-paid Lehman bankers jostling with their vending cards for the last Mars Bars? Lucy Kellaway asks just what kind of character is needed to survive the financial meltdown and to find another job.

 

The global movement to end salary secrecy is flawed, says Lucy Kellaway. It is relative, not actual, pay levels that determine happiness, and sometimes it is better not to know

 

A special edition of the money show, focusing on the effects of the financial crisis on savers, mortgage-holders and shareholders.

 

Do not panic: the UK economy ought to be able to get through this crisis without a recession as deep as those of the early 1980s and 1990s, says Martin Wolf

 

Ade McCormack predicts the end of computing (as we know it). Plus Royce Bell from Accenture’s Information Management on how to get value out of gathering and manipulating data

 

Is the worst now over? Certainly not. The biggest outstanding question is whether government-led rescues of undercapitalised financial systems will be needed. This is now looking increasingly likely, says Martin Wolf