The UK could potentially give up to £40bn to the IMF to help the global economy, Treasury Chief Secretary Danny Alexander has said.
That contribution would be split across two funds, but both would be guarantees not actual cash transfers.
David Cameron has said the UK will give more to the IMF, but the money must not support a eurozone bailout.
Labour said the IMF could not be a substitute for the European Central Bank “recognising its responsibility”.
In July, MPs voted to raise the UK’s International Monetary Fund quota from £10.7bn to £20.1bn. That contribution is topped… Continue reading
Blogger David Dayen at Firedoglake hit the nail on the head last week: “The Occupy Wall Street protesters have done more to change the political dynamic in the country in a month than national Democrats have done in 30 years.”
If only the national Democrats had the wits or heart to notice or care. Yes, Obama has changed his tune and is pushing hard on his new-found jobs agenda. But it’s ultimately as superficial and opportunistic as his… Continue reading
“What crime have I committed to be held a prisoner?” “When will they set me free? They are telling me six months, why six months?” “On what grounds are they detaining me? I am a refugee, not a criminal.”
Visiting the Liubimets detention centre on the Turkish-Bulgarian border is not for the faint hearted. Within seconds the few outsiders who visit are mobbed by dozens of angry immigrants, all yelling the same question in different languages: “Why are we in… Continue reading
|Many European workers are unaware that bosses can read their private emails and chats [Credit: Partners for Serbia]|
Most Romanian workers log onto their computers each morning oblivious of the fact their bosses can not only monitor what websites they visit, but measure exactly how much time they spend working or surfing the net.
Of greater concern, hardly anyone realises their employer can, with the right software, intercept private emails sent from personal accounts such as Gmail or Yahoo!
“Employees should be aware that the content of their emails could be read,” says LF, an executive at Netsec Interactive Solutions,… Continue reading
With a giant deep-water oil rig steaming slowly toward the Gulf of Mexico and the waters just off Cuba, the administration of President Barack Obama is being pushed and pulled by different interests over what, if anything, to do about it.
On the one hand, anti-Castro Cuban-American and other right-wing lawmakers are expressing growing exasperation over what they see as Washington’s failure to do whatever it can to prevent the new, $750m Scarabeo 9 from fulfilling its mission to begin exploratory drilling off the island’s northwest coast by early next year.
They appear increasingly worried that the rig, which will… Continue reading
In this episode of Slavery: A 21st Century Evil, Al Jazeera’s Rageh Omaar investigates slavery that is passed down from father to son, mother to daughter.
|“There is no way out. How do I get out? I have no way out of this. My grandfather died here, my father has grown old here, and I am growing old too. We are slaves, we are not free.”Ashraf, a bonded labourer|
Although the practice of bonded labour is common in several parts of the world, in Pakistan and India, the systematic enslavement of generations of… Continue reading
Meltdown is a four-part investigation into a world of greed and recklessness that brought down the financial world. The show begins with the 2008 crash that pushed 30 million people into unemployment, brought countries to the edge of insolvency and turned the clock back to 1929.
But how did it all go so wrong? Lack of government regulation; easy lending in the US housing market meant anyone could qualify for a home loan with no government regulations in place. Also, London was competing with New York as the banking capital of the world. Gordon Brown, the British… Continue reading
When Susan Tollefsen became one of Britain’s oldest first-time mothers after IVF treatment at the age of 57, many criticised her decision, believing she was too old to become a parent.
At the time, Mrs Tollefsen defended herself and pointed out that her partner Nick Mayer was 11 years her junior – and would therefore be around to care for their daughter Freya during all of her childhood.
Now, however, The Mail on Sunday can reveal that the couple have separated. And Mrs Tollefsen has conceded that some of her critics were right – after being forced to cope… Continue reading