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A clear-up goes on

One of the "forgotten" former headline stories was the catastrophic flooding in Queensland, Australia. Here is a snippet of what has been happening.

What's next for Commodity Prices?

We were expecting the parabolic move in commodity prices to be interrupted by a correction at some point. While it could not have been anticipated as the catalyst for a pullback, the catastrophe in Japan two weeks ago prompted a sizeable sell-off in risk assets, including commodities. The question is whether in the aftermath of this event, or other lingering concerns, commodities can restart a substantive move to higher levels.

Tunisia, the start of something big

On 17 December 2010, a Tunisian street vendor named Mohamed Bouazizi, set himself on fire because a female municipal official and her aides had had his goods confiscated. This sparked protests against the Government for a variety of grievances, social, economic and political.

Misguided hysteria over rising U.S. debt

The federal fiscal policy debate is being overwhelmed by a growing sense that America must slash its deficit now, before it is too late. Actually, the United States is in no danger of a Treasury debt crisis and can carry far more debt than people believe without dire consequences.

West Ham FC lead Olympic bid for Stratford stadium - Report

West Ham Football Club are apparently in front for the race to own the Olympics venue once the £547m stadium is finished. The stadium which was planned to be retained as the new home of UK athletics is undergoing a formal bid process which begins today to find a 'shared' ownership scheme so that athletics could be prepositioned alongside, something else, for example football.

European Central Bank and EU at a crossroads?

In 1971, the Bretton Woods Gold-Dollar exchange rate system broke down, bringing in an era of floating exchange rates with all their uncertainty. Governments, especially the USA's and UK's may have been relieved of defending a particular parity by having to take deflationary action but this simply passed the burden on to trade and industry. As rates of exchange might vary at any time, both exporters and importers feared exchange rate losses, so increasing risk and uncertainty in the busi...