Cows are stronger than Brown: They can survive recession

As Gordon Brown announces the UK is following the US in recession, saying it was caused by ‘complete market failure’, data shows that cattle ranching is experiencing double-digit growth in the US.

So, if you’re looking for a job and you’re worried the British financial services sector will shrink over the coming two years, why not try work on a cattle ranch, where growth and peace of mind are guaranteed.

Bank posts biggest loss in British history

CNBC just announced that Royal Bank of Scotland, one of the major banks in Britain, has posted a $30 billion loss for 2008.

This is the biggest loss in Britian’s corporate history.

“If the banking system collapses, every single one of us would see the obvious problems. The economy would come down with it,”  said Alistair Darling, Britian’s Chancellor of the Exchequer.

This news comes as the UK government prepares to take over as much as 70% of the bank in a bid to rescue it. This is part of a £300bn rescue package that was announced this morning.

Some sectors of the press are however already doubtful whether this second bank bailout will be successful.

Professor Peter Spencer from York University however argues, “We must not lose sight of the fact that they [bank bailouts] have prevented the collapse of the monetary system.” Were this to happen, this would spell disaster for the whole global economy.

Ambrose Evans-Pritchard however states that “this does not mean that recovery is imminent’.

I do not envy anyone who has to deal with this financial mess.

Brown claims global leadership spot as his economy’s still in coma

Saying that Gordon Brown’s ambitious is an understatement.

The Guardian today quotes Brown telling GMTV that his government is leading the world in its policies for dealing with the global downturn.

Earlier on today, Brown’s government announced it will give employers up to €2,800 for every new worker they hire prompting newspapers to dub this initiative as the ‘golden hello’.

The initiative will cost the public coffers €560 million.

Young graduates are also on top of Brown’s agenda as plans to create 35,000 new traineeship posts were unveiled.

Brown has been on a spending spree since the begninning of the crisis. However, Sky reports how he’s failing to excite business confidence with only 28% confident in his ability as PM.

Maybe Brown would be better off in stimulating the businessmen’s creativity with funds fostering more innovation and research and helping those who are really in need rather than giving handouts to everyone.