Published in: ourEconomyUnderlying profits, underlying problems: rewards for failure at Interserve
Interserve illustrates how the beneficiaries of shareholder value driven strategies are not necessarily shareholders, but boardroom elites and their intermediary helpers.
Published in: ourEconomyAttack of the CLOnes: the return of complex debt instruments
'CDOs’ were widely blamed for fuelling the financial crisis. Now similar instruments called 'CLOs' are in the ascendance. Is it time to start worrying?
Published in: openDemocracyUKThe metropolitanisation of gains, the nationalisation of losses
The prosperous South East can no longer afford to subsidise the rest of the United Kingdom. Or so runs the conventional wisdom. The facts, on the other hand, are rushing headlong in the opposite direction.