James Turley examines the unravelling Stanford fraud affair When he first entered British consciousness in any serious way, Allen Stanford was hard to miss. Here was a Texan billionaire, ostentatiously arriving in a monogrammed helicopter to discuss - of all things for a Texan billionaire - a sponsorship deal with the England and Wales Cricket Board ...
James Turley looks at Iceland, a country flirting with bankruptcy Of all the myriad narratives thrown up by the credit crisis, one stands out: a tale of entire countries going bust, Russian loans and even - bizarrely - British ‘anti-terrorism’ legislation. That story is the peculiar downfall of a nation at the periphery of the European financial ...
The right's criticisms of 'greedy spivs' are a cynical cover to maintain the system of capitalism, reckons James Turley. So why do they find an echo on the left? The world’s financial markets were thrown into turmoil by the House of Representatives’ unexpected rejection of the George Bush-Hank Paulson $700 billion bail-out plan. As I write, ...
CS spoke to Hillel Ticktin, editor of Critique, about the ‘credit crunch’ and what it tells us about the dynamics of capitalism today You have described the latest capitalist downturn as a “turning point” for capitalism as a whole, which is in some ways similar to 1929. Can you expand on this? In fact, one can read ...