£10,000 rake-off plan for residents who approve new homes

Developers would share their planning gains with local people under Policy Exchange proposals for building more houses Britain needs a massive house-building programme to stabilise property prices – which could be promoted by allowing villages to share in developers’ profits if they approve plans and by ending the right to a council house on the [...]

CBI to host climate change ‘clash of the titans’ debate

Former government chief scientist Sir David King, in the green corner, to take on arch-sceptic Lord Lawson in public showdown The most prominent climate sceptic and the most vocal advocate of the cause in the UK are to take part in their first public debate on the subject. The “clash of the titans” will be [...]

Not much love lost between Wikipedia and WikiLeaks

The not-for-profit trust behind the world’s biggest on-line encyclopedia, Wikipedia, is none too thrilled at a constant assumption that it has something to do with the controversial whistleblowing website WikiLeaks. Just for the record, it does not. Sue Gardner, a former journalist for Canada’s CBC broadcasting network, is executive director of the Wikimedia Foundation which [...]

Bundesbank executive provokes race outcry with book

Merkel leads calls for Thilo Sarrazin to be sacked over remarks about migrants being ‘unfit or unwilling to integrated’ into society The German chancellor, Angela Merkel, has called for the dismissal from the central bank of a prominent board member who has repeatedly said that Muslim immigrants in Germany are unfit and unwilling to integrate [...]

Global markets fall as investors are braced for poor US economic results

• Countries fear US heading for a double-dip recession • Poor US employment figures expected on Friday Financial markets around the globe fell today as investors faced a crucial week of data on the US economy. The prospect of poor employment figures on Friday and a snapshot of the state of manufacturing on Wednesday has [...]

We lost sight of fairness in the false promise of wealth | Ha-Joon Chang

Acceptance of inequality rests on assumptions that ‘free markets’ make us all richer in the end. Growth figures tell it differently As Nick Clegg fends off accusations of selling out and Labour leadership candidates set out their stall, debates about inequality show no sign of going away. But the moral arguments are rarely extended far [...]

US homeowners flock to Florida event in desperate bid to save properties

More than 20,000 American mortgagees to hit Palm Beach as Naca’s five-day mortgage modification marathon gets under way In the pre-dawn darkness of a steamy night of sub-tropical rain, a queue of anxious, soggy people snakes around the palm trees outside a cavernous Florida convention centre. Some have erected camp beds or makeshift tents. All [...]

India lifts threat of block on BlackBerrys

• Indian government threatens to block Research in Motion’s communication services for BlackBerrys• Canadian technology firm allows India greater access to communications The Indian government has lifted a threat to block certain BlackBerry communication services following moves by the technology firm Research in Motion that could allow the country’s security authorities greater access to snoop [...]

Genzyme rejects Sanofi-Aventis ‘bear hug’

US biotechnology specialist derides ‘opportunistic’ bid from world’s fourth largest pharmaceutical company The US biotechnology company Genzyme, which specialises in ultra-expensive treatments for unusual diseases, firmly rebuffed an $18.5bn (£12bn) takeover approach from France’s Sanofi-Aventis today, paving the way for a potentially contentious transatlantic bid battle. Genzyme, which has a promising treatment for multiple sclerosis, [...]

Cabin crew may strike again as BA rejects demands

• BA refuses to reinstate travel concessions• Unite union to meet BA again but says strike is an option The Unite trade union is hoping to meet British Airways for further peace talks next week after accusing the airline of turning down its latest attempt to end a long-running industrial dispute with cabin crew. Unite’s [...]

Former Whyte & Mackay investors Tchenguiz and Imerman square up for court battle

Legal dispute intensifies as Robert Tchenguiz files counter-claim against Vivian Imerman over disputed £555,980 rental charge Vivian Imerman, the businessman whose divorce from Lisa Tchenguiz has escalated into a bitter legal row with her financier brothers Robert and Vincent, is battling Robert in a separate case in the commercial courts. Court documents show Robert Tchenguiz [...]

Local TV group to complain to Ofcom over BBC-Canvas joint venture

Six TV warns local TV will be less viable on Freeview if venture is allowed to go ahead Six TV, the local television group, will this week formally request a full Ofcom investigation of the BBC-backed Canvas online joint venture, warning that it could be a “poison pill” for regional broadcasters. Ofcom has already received [...]

Trapped Chilean miners speak to their families by phone

33 men entombed in collapsed San Jose mine are given just 30 seconds each to speak to their wives, children and parents The 33 Chilean miners trapped deep underground have spoken for the first time to family members waiting for them on the surface. The brief phone conversations late yesterday brought a measure of reassurance [...]

The fallacy of taking German lessons | Mark Weisbrot

Germany is held up by deficit hawks as an ideal for other, less successful economies such as Spain’s to emulate. Big mistake Germany’s economic recovery has gathered steam lately and is being used – in both the European and the US press – to promote the view that Germany “had the formula right all along” [...]

Few air travellers offset carbon emissions, study finds

Only 7% of air passengers are funding green energy projects and offsetting the carbon emissions of their flights, a Civil Aviation Authority survey at Stansted airport has found Only 7% of flyers are funding green energy projects to offset the carbon emitted on their flights, according to a survey. A study of passengers at Stansted [...]

Angela Merkel calls for banker’s sacking over remarks on Jews and Muslims

German chancellor calls on Bundesbank to sack board member Thilo Sarrazin The German chancellor, Angela Merkel, today called on Germany’s central bank to dismiss one of its board members over comments he made on Jews and immigrants. Thilo Sarrazin said that “all Jews share the same gene” and Muslim immigrants in Europe were unwilling to [...]

There is no proof that economic health depends on manufacturing | Jagdish Bhagwati

Services are not less technologically progressive or less vital Economists long ago put to rest the error that Adam Smith made when he argued that manufacturing should be given primacy in a country’s economy. In the second volume of The Wealth of Nations, Smith condemned as unproductive the labours of “churchmen, lawyers, physicians, men of [...]

Chile miners send video messages to families

Men trapped underground tell loved ones they are managing better since receiving food Some of the 33 men trapped in a mine under Chile’s Atacama desert have sent video messages to their families, talking about how they are managing better since receiving food, and sometimes breaking into tears. In the video released today, the men [...]

British Chamber of Commerce predicts faster UK economic growth

• BCC revises 2010 forecast from 1.3% growth to 1.7%• Threat of double-dip recession remains as cuts bite, says BCC The UK economy will grow faster than first thought this year, the British Chambers of Commerce predicts today, but the threat of double-dip recession remains as government cuts bite and unemployment rises. Following news last [...]

Friends of the Earth urges end to ‘land grab’ for biofuels

Charity predicts more food shortages in Africa because of EU target to produce 10% of all transport fuels from biofuels by 2020 European Union countries must drop their biofuels targets or else risk plunging more Africans into hunger and raising carbon emissions, according to Friends of the Earth (FoE). In a campaign launching today, the [...]

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