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the end of the world

Olympics 2012 News | Olympics 2012

Olympics 2012 News | Olympics 2012

…nor the vagueness about how Moynihan intends to criminalise substances which may be banned but in almost all cases are legal. It is simply unacceptable to change the law of the land to enforce the internal rules of a competition.
Amusingly, Moynihan explains: I do not believe the bill will be contentious. Alas, a call to Liberty finds Shami Chakrabarti in deliciously withering disagreement, as well as somewhat mystified that Moynihan is selling the idea on the basis that it will bring us into line with countries like Italy (there were raids on the athletes’ village at the Turin winter games), as though Italy’s policing arrangements were some sort of aspirational template for the rest of the world.
For all the brewing outrage, though, none of this is much of a surprise when you consider the Olympic form book. It is remarkable how frequently a fortnight-long competition has been used to justify increasing police powers. In the run-up to the Los Angeles games in 1984, the 1916 anti-syndicalism act was…

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Olympics 2012 News | Olympics 2012

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Bank rates ‘may hit 8%’ by 2012

An influential think tank has warned that interest rates may have to rise to 8% to combat rampant inflation.

…but the Policy Exchange expects some very sharp rises
The warning comes from the Policy Exchange, whose chief economist, Andrew Lilico, argues an economic recovery will unleash a wave of money.
Doctor Lilico believes a double-dip recession is likely, which would then be followed by a boom.
He argues that the US and UK monetary authorities will respond to this by printing more money.
Coupling that, he says, with the planned deep government spending cuts, would lead to the fastest economic growth rate since the late 1980s.
Doctor Lilico says in a research note: Once the economy gets growing sustainably, there will be a huge expansion in the money supply, which will lead to inflation.
The Bank has already pumped…

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Bank rates ‘may hit 8%’ by 2012

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