Cabinet meetings under Margaret Thatcher were “miserably disappointing” gatherings devoid of debate and filled with “unctuous self-satisfaction”, one her most senior ministers said in 1984.
Houses Of Representatives
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Thursday 30 September 2010
Outlook It is known in business as the "kitchen sink" strategy and for the new boss of a company with problems, it is an attractive proposition. On day one in the job, you dramatically announce you're chucking out everything that went before (including the kitchen sink) under the discredited management, in favour of new arrangements you will supervise personally. Goodbye tarnished brand, hello shiny new image.
Tuesday 21 September 2010
Saturday 04 September 2010
Friday 03 September 2010
Prime Minister Julia Gillard edged closer to retaining power in Australia yesterday when an independent lawmaker said he would support her centre-left Labor Party to form Australia's first minority government in almost seven decades.
Monday 23 August 2010
Australia faces an almost unprecedented period of political uncertainty, after the tightest election in decades failed to produce a clear winner and left the two main parties courting a handful of independent and Green MPs.
Sunday 15 August 2010
Monday 02 August 2010
The Gulf of Mexico has been "carpet- bombed" with a highly toxic chemical dispersant for months on end, breaking official guidelines issued in the aftermath of April's Deepwater Horizon disaster which stated that BP should use the substance only in "extremely rare" cases, according to documents released by a US House of Representatives committee at the weekend.
Thursday 10 June 2010
Ben Bernanke took his "something must be done" message about the US deficit to Capitol Hill once again yesterday, telling lawmakers that they risked riling financial markets if they fail to tackle the exploding costs of government health and social security programmes.
Tuesday 08 June 2010
Australian prime Minister Kevin Rudd has admitted he needs to work hard to retain power in elections this year after an opinion poll published yesterday showed his Labor Party trailing the Conservatives for the first time in more than four years.
Tuesday 11 May 2010
Benigno Aquino queued for five hours in the tropical heat to cast his vote in his home town north of Manila yesterday. But despite computer problems at some polling stations and a wave of election-day violence, the scion of the family closely associated with democracy in the Philippines was heading for victory in the presidential election.
Thursday 24 December 2009
Friday 30 October 2009
US Treasury secretary Timothy Geithner went to Capitol Hill to press Congress to pass the Wall Street reform package that will allow the government to wind up huge financial firms whose uncontrolled collapse would threaten the entire economy. Members of the House of Representatives financial services committee questioned some aspects of the proposals, including the plan to have companies with more than $10bn in assets repay costs to unwind a firm after it fails. “Most of us don’t die and then buy a life insurance policy,” said Luis Gutierrez, an Illinois Democrat, saying the funds should be put in place in advance. Mr Geithner said that “would create expectations that the government would step in to protect shareholders and creditors from losses.”
Saturday 29 August 2009
Wednesday 22 July 2009
Ben Bernanke, chairman of the Federal Reserve, has warned that Congressional meddling in the affairs of the central bank could alarm the financial markets and send interest rates higher.
Thursday 16 July 2009
President Barack Obama today earmarked 1.825 billion dollars (£1.11 billion) in emergency funding to help fight the spread of swine flu.
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