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Brown will sell off £3bn of our assets to tackle deficit

Gordon Brown today announced a major fire sale of government assets to raise £3billion to cut the national deficit.

The Prime Minister revealed he wants to offload the government’s one third share in URENCO, a nuclear company that enriches uranium in Britain, Germany and the Netherlands - but only after safeguarding national security.

And he confirmed that the Channel

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Posted by The Watchmen on October 12, 2009 at 5:53am

True Unemployment rate already at 20%

Really, how hard is it to find a job? Was June's horrid numbers, in which 467,000 people lost their jobs compared to 345,000 in May, a one-time fluke? Or does it mean that all those Wall Street economists who believe the economic recovery is starting are dead wrong?

Not to scare you, but the situation is actually worse than it seems. Over th

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Posted by The Watchmen on July 9, 2009 at 5:59am

U.S. Unveils More Frugal Bank Plan

For nearly a year, the question has vexed Washington and Wall Street: What do we do with all these impaired mortgage investments?

The answer still, it seems, is wait and hope.

After months of back-and-forth with the banking industry, the Obama administration on Wednesday unveiled a scaled-down version of its plan to buy troubled mortgage-related securities. The decision represents a huge gamble that banks have recovered sufficiently to help pull the economy out of recessi

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Posted by The Watchmen on July 9, 2009 at 5:38am

White House Presses Cap and Trade to Senate

Written by Robert Schroeder for MarketWatch, courtesy of The Wall Street Journal, July 7, 2009.

WASHINGTON -- Cabinet officials pressed President Barack Obama's case for climate-change and clean-energy legislation at a Senate hearing on Tuesday as lawmakers clashed over whether a "

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Posted by The Watchmen on July 7, 2009 at 10:21pm

Irish airline Ryanair wants passengers to stand up on flights so they can cram more people onbaord

Think paying to check a bag is bad? It gets worse.

The Irish discount airline Ryanair wants passengers to stand up on flights so they can cram more people every flight.

The company's CEO wants Boeing to build a special standing room only jet so fliers can perch on stools instead of sit in chairs - a method Ryanair thinks could get 30% more customers on their planes.

"Passengers wouldn't be fully standing, they would have… Continue

Posted by The Watchmen on July 7, 2009 at 9:55am