Posted by Hardy Leslie on November 21st, 2007 in Finance ·
In the aftermath of the disastrous run on the Northern Rock Bank during September 2007, the Bank of England began to realize the enormity of the calamity which had unfolded.
Instead of pumping money into the banking sector in order to avert the impending liquidity crisis, the Governor of the Bank of England signalled to the markets that banks which have become weakened by imprudent actions may be allowed to fail.
When the run on Northern Rock was eventually halted by a government guarantee to all depositors, there was pressure on the Bank of England to act in order to ensure that no other bank would be at risk.
Mervyn King, the Governor of the Bank, announced on 19 September a series of auctions designed to provide loan funds for a period of 3 months…
Posted by Hardy Leslie on October 31st, 2007 in Business ·
The handling of the liquidity crisis at Northern Rock by the UK authorities has become a major embarrassment for the government and Gordon Brown in particular. The new Prime Minister has always stressed his achievements as Chancellor of the Exchequer during the period 1997 to 2007, while he was waiting in the wings for Tony Blair to retire…
Posted by Hardy Leslie on September 4th, 2007 in Politics ·
The election of Abdullah Gul as President of Turkey on 28 August 2007 is controversial because of his Islamic background…
Posted by Hardy Leslie on August 21st, 2007 in Health ·
Home and family life is an important facet of our experience, and can be as stressful as the workplace…
Posted by Hardy Leslie on July 31st, 2007 in Politics ·
Although Tony Blair came to power as leader of a Labour government, his premiership has not followed the customary Labour Party policy of pacifism and anti-war sentiment. Neither has there been hostility towards US foreign policy.
Mr Blair reportedly stated that we might be a lucky generation that will never have to send people to war…
Posted by Hardy Leslie on July 31st, 2007 in Business ·
Stress is considered to be the main cause of many medical conditions, including heart problems…
Posted by Hardy Leslie on July 31st, 2007 in Relationships ·
The shift of economic power between the sexes means that women are no longer financially dependent on husbands or boyfriends. They have the choice of whether to live alone or with a partner, and the partner can be either long or short term…
Posted by Hardy Leslie on July 31st, 2007 in Finance ·
Property in North Cyprus is relatively low cost and is some 40% cheaper than equivalent property in Southern Cyprus, and around half the price of property in Spain.
The reason for this is the fact that Cyprus is a divided island. The South is referred to as the Republic of Cyprus, and is part of the EU…
Posted by Hardy Leslie on July 31st, 2007 in Finance ·
Buying a property which is not yet constructed is a popular option in many real estate locations including the USA, Caribbean, the Middle and Far East, and the EU…
Posted by Hardy Leslie on July 31st, 2007 in Politics ·
The execution of Saddam Hussein on 30 December 2006 set the scene for the New Year. The indignity of his fate, which was recorded on film and transmitted around the globe, filled even conservative observers with disgust…