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Cruddas to attack Labour`s `defeatism` Prime minister's leadership under renewed attack after party's 'astonishing failure' to exploit Tory in-fightingGordon Brown faces a new assault on his leadership this week when one of Labour's most influential figures will accuse the party of being 'paralysed' by defeatism and of an 'astonishing' failure to attack the Tories.The criticism from Jon Cruddas, seen by many on Labour's centre-left as a leadership contender, is bound to re-ignite speculation over whether Brown should lead the party into the next general election. In a speech to the Compass pressure group on Tuesday, Cruddas will argue that Labour has failed completely to exploit the Tories' difficulties during a summer in which David Cameron's party has been hit by internal rows over the NHS, MPs' expenses and Europe.The MP for Dagenham will argue that the economic downturn has exposed the Tories' 'Thatcherite' instincts and presented Labour with a 'golden opportunity' to expose Cameron's claim to the political centre groun GuardianRemembering The 2008 Financial Nightmare A series of stunning events last September paralyzed America's financial system and profoundly rattled the global economy. Stocks tumbled, and the credit markets short-circuited. Pale, frightened regulators, bankers and politicians tried haltingly to explain how they might avert an economic catastrophe. NPRAirplane trade ruling may seem outdated The World Trade Organization's ruling that European loans for Airbus were illegal subsidies is being cheered by U.S. lawmakers loyal to the Boeing Co., even though the preliminary decision may seem outdated now that government subsidies, bailouts and... Sponsored Topics: World Trade Organization - Boeing - Airbus - Economic - International SF GateG20 aims at bank pay and capital; stimulus to stay LONDON (Reuters) - G20 finance leaders on Saturday took aim at excessive bank pay and risk-taking at the root of the financial crisis and insisted trillions of dollars of emergency economic supports would be needed for some time. ReutersG20 agrees to continue economic stimulus measures Finance ministers from the Group of 20 rich and developing countries have pledged to carry on with measures to boost the global economy, despite signs of a fledgling recovery. CBCG20 says stimulus to stay; struggles on bank pay LONDON (Reuters) - G20 finance leaders on Saturday agreed to coordinate a removal of emergency economic packages when recovery takes firm hold but they struggled on the detail of measures to rein in bank pay and lending rules at the root of the recent crisis. ReutersG-20 `committed to economic recovery plan` Finance ministers from the G-20 nations meeting in London reiterate their commitment to coordinated action to tackle the global economic crisis and agree on the need for tougher rules on banking bonuses. CNNG-20 pledge continued economic stimulus London meeting of G-20 finance officials ends with pledge to crackdown on bankers' pay The Globe and MailBrown: No room for `economic complacency` British Prime minister Gordon Brown tells a meeting of G-20 finance ministers in London that there is no room for 'economic complacency' despite optimism that the worst of the most severe financial crisis since the Great Depression may have passed. CNNBrown to G20: economy at `critical juncture` G20 finance ministers meeting in London on Saturday are expected to agree to keep government stimulus packages in place until there are stronger signs of an economic recovery. CBC1 2 |
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