Saddam

think I’ve said before that I find public sector accounts incredibly weird. Here’s a great example; it’s a very good FT story on the bank nationalisation plan and how it affects the national finances. Bizarrely, the £25-50bn of government bond issuance required to raise the money probably won’t count towards the public sector net cash…

Read More HOWTO: remove giant statue of Sir Fred Goodwin

As usual for events that are meant to be a Turning Point in Iraq, temporary calm has been enforced by a total curfew and vehicle ban during Saddam’s judgment. It works, of course, for a few days – but it can’t last, as people have to buy food and go to work. Consider it a…

Read More Watch out!