Archives: finance

The Price of Failure

February 27, 2009 | By Paul Mackenzie Ross | 5 Comments | Filed in: finance, politics.

What would happen to you if you were to perform abysmally at work? What if the effects of your lack of oversight, ill judgement or poor management had cost your company dearly? Let’s say your company recorded a loss in the last financial year of £24.1 billion, the biggest loss in UK corporate history, you’d • Read More »

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Lawyers

December 12, 2008 | By Paul Mackenzie Ross | No Comments | Filed in: business, finance.

Bernard Madoff has lost billions of investors’ dollars in a hedge fund, even alledgedly saying; it’s all just one big lie… …basically, a giant Ponzi scheme And yet his lawyers still managed to come up with the statement… Bernard Madoff is a longstanding leader in the financial services industry. We will fight to get through • Read More »

The 700 Billion Dollar Blog

December 4, 2008 | By Paul Mackenzie Ross | No Comments | Filed in: finance, Internet, SEO.

Maybe I should have named this the 700 Billion Dollar Blog? After all, the most popular story here is How Much is 700 Billion Dollars where I spoke, in layman’s terms, about how much the US bank bailout is worth and how much that equates to every American on a rough-and-ready basis. The most popular keyphrase • Read More »

A Lesson in Objectivity

November 19, 2008 | By Paul Mackenzie Ross | No Comments | Filed in: finance, philosophy.

I come home to a news report on the TV, warning of the fear that because inflation is down today, there is a grave worry that it could go MUCH further with the economy threatened, unemployment to rise, doom and gloom could be upon us in the form of deflation, when everything “goes south” and • Read More »

Spread the Wealth

November 4, 2008 | By Paul Mackenzie Ross | 2 Comments | Filed in: finance, politics.

I don’t know what the problem is with Barack Obama’s “spread the wealth” statements.  The Republicans are using his words in an attempt to scare middle and working America into thinking it’s THEY who are going to have their wealth redistributed, hence the unfoundered fears of “Joe” the “plumber” who earns far less than the • Read More »

Quote: John Maynard Keynes

October 27, 2008 | By Paul Mackenzie Ross | No Comments | Filed in: finance, politics.

The fiscal philosophies of John Maynard Keynes* seem to be making a comeback during this global financial crisis; it’s one of the reasons why Gordon Brown wants to increase borrowing in an attempt to boost the flagging economy. Rather than “no more boom and bust” as he has said on many occasions, it now appears • Read More »

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Good News

October 14, 2008 | By Paul Mackenzie Ross | No Comments | Filed in: finance, politics.

I never actually intended this to be a socio-economic/political blog but it certainly seems to have turned out that way, and here’s another reason why… Henry Paulson’s $700 billion “bail-out” did nothing for the worldwide markets. American citizens’ money was pumped into the wound, much to their utter dismay over what many commented as the • Read More »

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Mutual Societies

September 28, 2008 | By Paul Mackenzie Ross | No Comments | Filed in: finance.

I was only 21 years old when I got into an argument with my Bank over being charged pounds for being mere pennies overdrawn. To be slapped with a disproportionately high penalty for such a minor misdemeanour soured my opinion of the high street banks and I quickly told them where to stick their service. • Read More »

How much is 700 billion Dollars?

September 26, 2008 | By Paul Mackenzie Ross | 2 Comments | Filed in: finance, politics.

Henry Paulson and Ben Bernanke want the $700bn bail-out of greedy banks to be approved so that the financial system in the United States doesn’t collapse, because if it does collapse then a lot of Americans will be in the shit and it will have a knock-on affect here in Britain too. So how much • Read More »

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