U.K. Chancellor of the Exchequer George Osborne has lost the support of a group of economists who wrote an open letter before the last general election supporting his fiscal squeeze, the New Statesman reported.
Ed Balls, treasury spokesman for the U.K. opposition Labour Party, offered an olive branch to Deputy Prime Minister Nick Clegg, saying he “understood totally” why the Liberal Democrat leader entered coalition with the Conservatives.
Bank of England Governor Mervyn King runs the country’s central bank like a tyrant and his retirement should pave the way for a cleaning out and the introduction of fresh blood, former Monetary Policy Committee member David Blanchflower wrote in the New Statesman.
Images of the charred U.S. mission in Benghazi, Libya, flashed around the world as U.S. Secretary of State Hillary Clinton entered the Treaty Room in Washington and spoke about the deaths of four Americans there.
Nassim Nicholas Taleb , author of “The Black Swan,” said British Prime Minister David Cameron is “the only thing we have left” to build a more robust economy, in an interview with the New Statesman magazine.