Austerity alarmBoth sides in the row over stimulus v austerity exaggerate, but the austerity lobby is the more dangerous ECONOMIC policymaking, like hemlines, has fads. Last year the leaders of the G20 group of big economies led a global Keynesian boost, pledging fiscal stimulus worth a combined 2% of world GDP to prop up demand. At their most recent gathering, in Toronto on June 26th-27th, the cl
Tony Blair was told force levels should be cut rapidly after the invasion Tony Blair was warned of "long-term damage" to Britain's armed forces if its commitment in Iraq was not scaled back, it has emerged. On the eve of the 2003 invasion, Mr Blair was told force levels should be cut two-thirds by that autumn. The warning from then foreign secretary Jack Straw and defence secretary Geoff Hoon is i
First there are the images of wooden beams on fire. Then buildings come into view, some without windows and doors, others reduced to rubble. The shaky mobile phone footage posted on YouTube by Iranian human rights activists shows scenes of destruction filmed secretly from inside a car. The activists say the footage shows the results of an attack on the properties of Bahai residents in Ivel, a vill
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