Dinosaur banking

A fascinating story is unfolding in the US. The bill to bail out financial markets has failed and must now be renegotiated, and the reasons for the failure appears to be, in large part, disaffected Republicans whose constituency seems to be small business. The reasoning is that small business pays for its mistakes, therefore big business should too, and that anything else would be "socialism." Well, there it is: the "s" word.

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Troublesome priests

Finally, the Church of England has found something worthwhile to complain about. Instead of getting in a tangle over women bishops and gay clergy. Rowan Williams (Canterbury) and John Sentamu (York) have found a subject worth bringing into the public debate. Both have harshly criticised the banking and finance system for finding multiple buillions of dollars to support its own corrupt and failing

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