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Archive for July, 2009

This Week's Madoff News: Ruth Gets Sued, Bernie Gets Buff, Brokers Get Bitchy

This Week’s Madoff News: Ruth Gets Sued, Bernie Gets Buff, Brokers Get Bitchy

After the powers that be decided there was no evidence linking her to her husband’s crimes, Ruth Madoff is off the criminal proceedings…

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Posted by Ben Beaumont-Thomas in Hot Money | July 30, 2009 12:00PM | 3 Comments »


Virgin Galactic Makes Test Flight, Sells Stake To Abu Dhabi, Mulls IPO

Virgin Galactic Makes Test Flight, Sells Stake To Abu Dhabi, Mulls IPO

Virgin Galactic, Richard Branson’s consumer space flight program, is epic enough to make even the biggest cosmo-sceptic start pointing their finger and jump up and…

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Posted by Ben Beaumont-Thomas in Sci-tech | July 29, 2009 1:30PM | No Comments »


John Kingman Has Finally Had Enough Of The Public Sector, Is Off To Make His Fortune

Independent Still Can't Pay Its Debts, Gets Eyed Up By Lebedev

Independent Still Can’t Pay Its Debts, Gets Eyed Up By Lebedev

Like some panicked shop owner pleading with a mafia head, the Independent has been getting out of paying the interest on one of its loans…

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Posted by Ben Beaumont-Thomas in Creative Economy | July 28, 2009 1:45PM | 1 Comment »


Zivity Downsizes, Rethinks Its Ambitions, And Will Almost Certainly Survive

Zivity has got more attention than most recent Silicon Valley startups, mainly because it’s full of naked folks – the site is a kind of…

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Posted by Ben Beaumont-Thomas in Creative Economy | July 28, 2009 12:11PM | No Comments »


2012 Olympics Every Sub-Editor's Dream

2012 Olympics Every Sub-Editor’s Dream

It’s three years today until the 2012 Olympics begin, and there’s therefore been a torrent of opinion gushing through the media, oscillating between wide-eyed burbling, unashamed cynicism,…

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Posted by Ben Beaumont-Thomas in Creative Economy | July 27, 2009 3:23PM | 1 Comment »


Citigroup Gets Fresh Boost, Pestered By Andrew Hall For Mega Bonus

Citigroup Gets Fresh Boost, Pestered By Andrew Hall For Mega Bonus

While little banks in one horse towns keep going to the wall, and others enjoy profits large enough for your brain to not really comprehend…

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Posted by Ben Beaumont-Thomas in Hot Money | July 27, 2009 11:35AM | 3 Comments »


Miliband Draws Up Energy Road Map

Miliband Draws Up Energy Road Map

The noises made during recent months by Alastair Darling and Ed Miliband over the future of Britain’s energy generation have now been properly articulated in…

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Posted by Ben Beaumont-Thomas in Green Rush | July 16, 2009 11:49AM | 1 Comment »


Goldman Sachs Still Generating Huge Profits, Still Paying Out Old-School Bonuses

It seems like only yesterday that Goldman Sachs was announcing its first quarter profits to an aghast world, and since then they’ve been…

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Posted by Ben Beaumont-Thomas in Hot Money | July 15, 2009 12:08PM | 1 Comment »


UKFI Annual Report Shows That They're In This For The Long Haul

UKFI Annual Report Shows That They’re In This For The Long Haul

UKFI stands for UK Financial Investments, and it’s effectively a 9-person fund management company shacked up in the Treasury. After the government took out stakes…

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Posted by Ben Beaumont-Thomas in Hot Money | July 14, 2009 11:44AM | No Comments »


US Still Really Wants Those UBS Tax Evader Names

With its inept former board, massive losses, and harbouring of tax evaders, UBS is the uncoolest thing about Switzerland after Nazi gold and Lewis Hamilton.…

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Posted by Ben Beaumont-Thomas in Hot Money | July 13, 2009 11:09AM | 2 Comments »


Alistair Darling's White Paper - The Hits And Misses

Alistair Darling’s White Paper – The Hits And Misses

There’s been bickering between grown men, there’s been political point-scoring, there’s been glimpses into a world so bureaucratically labyrinthine that it’s no wonder the world’s…

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Posted by Ben Beaumont-Thomas in Hot Money | July 9, 2009 11:42AM | 1 Comment »