Monthly Archives: July 2008

mainstream economics – a bit like a pyramid scheme?

IndyMac Bank has gone bust. This is the second biggest financial institution ever to go bust in America. The reason is that too many people were losing confidence in it and were trying to withdraw their money. Because the housing market is not growing the bank would not be able to meet all these requests. [...]

Published: 12 July 2008 at 8:07am | Posted in sustainability | Leave a comment

oil for the boys

well it took them a bit longer than they might have hoped… but now that the price is right, the big boys are getting ready to start pumping oil and profits back to the UK and US… a win-win scenario! (oh, except for the Iraqi people of course…)

Published: 1 July 2008 at 11:20am | Posted in sustainability | Leave a comment