Daily headlines (11-13/10/08)

LSE in print

Guardian (Media), 13-Oct-2008, page 8
Economic pain brings relief for some
Article by Charlie Beckett director of Polis, the media think-tank at the London School of Economics.

Times, 13-Oct-2008, page 27
On this day
Today is the anniversary of the death of Sidney Webb (Baron Passfield), co-founder of the London School of Economics.

Independent, 13-Oct-2008, page 28
Letters - What exactly is an informed investor?
Letter to the editor from Michael Gill, vice chair, LSE Environmental Initiatives Network (LSEEIN).

Financial Times (Companies and Markets), 13-Oct-2008, page 30
World Diary
Toomas Ilves, Estonian president, speaks at the London School of Economics on European security on Thursday.

Observer (Business and Media), 12-Oct-2008, page 10
After the great financial bail-out, the global tigers have to be tamed
Finance Minister Tommaso Padoa-Schioppa said last week: 'This is not a crisis within a system. This is a crisis of a system.' He was speaking at the launch at the London School of Economics of the English version of Fabrizio Saccomanni's book Managing International Financial Instability.

Observer (Business and Media), 12-Oct-2008, page 6
Bargain shopper Buffett fills his basket with vintage deals
Ever since legendary investor Warren Buffett put up to $10bn into US investment bank Goldman Sachs last month, everyone from former Financial Services Authority chief Howard Davies to the BBC's Robert Peston has been urging our government to follow his lead.

Sunday Times (Business), 12-Oct-2008, page 8
The City's middle man
Article refers to Howard Davies, School director and his comments on Paul Myners, newly appointed government minister responsible for the City.

page 11
Why you will feel her pain
Willem Buiter comments on the financial crisis.

page 12
On the right track
Professor Ian Angell, an expert information systems in the department of management at the London School of Economics, points out that in this area of business, good legal guidance is essential.

page 14
The end of the world as we know it ... or global hiccup?
Charles Goodhart, emeritus professor of banking and finance at the London School of Economics, comments on the financial crisis.

page 9
Oxbridge interviews the right response
Bona Boraliu, a second-year government and politics student at the London School of Economic gives advice on university interviews.

Time is running out for a rescue
For a start, according to the Stanford University economist Nick Bloom, the recent volatility of the stock market is on a par with the 1929 crash and subsequent episodes in that period when the Depression took hold. Bloom, who spends some of his time at the London School of Economics, is one of a number of economists who think it is not the level of the stock market that counts but the extent to which it fluctuates.

Independent on Sunday, 12-Oct-2008, page 23,24,25,26,27,28,29
The Greenlist
Lord Stern appears in a list of leading environmentalists.

12/10/08 08:28 ((LA Times))
Q & A on Europe's crisis
The Times talks with Charles Goodhart, professor emeritus of banking and finance at the London School of Economics and an expert on European monetary policy.

Gordon Brown's stock rises in Britain's financial crisis
"The Conservatives have tried to make that point . . . [that] this is the world created by Gordon Brown, chancellor, now being sorted out by Gordon Brown, prime minister," said Tony Travers, a political analyst at the London School of Economics. But "in national crises, people will generally move to... 

Degrees from top universities boost earning power
Researchers from the LSE have found that a degree from a university in the top quarter of all universities, such as Oxford or Cambridge, will lead to wages that are 10-16 per cent higher than a degree from a university in the lowest quarter.

page 32
The rich and the rest
Two analyses from the LSE's Centre for Economic Performance shed new light on the economic gulf between the rich and the rest.

Financial Times (Money), 11-Oct-2008, page 34
Turmoil is the place to start
Professor Saul Estrin of the London School of Economics told a Financial Times CEO conference last week that all of us would feel the effects of the current financial turmoil within 18 months.

Independent, 11-Oct-2008, page 26
State school outshines private rivals
LSE is mentioned as one of the destinations in Kingsbury High School's top maths set.

Times (Books), 11-Oct-2008, page 10
Howard Davies, School director reviews Alice Schroeder's new book on Warren Buffett.
(no link)

page 6,7
In search of the real Henry VIII
Mention that David Starkey had a teaching post at the LSE in 1972.|

Daily Mail
Alistair Darling 'risking a run on the banks' by refusing to bail out town halls
Article includes comments from Tony Travers, director of the Greater London Group at LSE on local government finances.

Kevin Gallagher: Following the Washington consensus, a new opinion emerges on free trade
Kenneth Shadlen of the LSE, argues that rich countries have the market power to bully Latin Americans into the deals by aligning themselves with Latin American elites and the sectors that receive the short term benefits.

Hands off Sporticus - and why the financial sewer must keep flowing
A letter in today's Guardian from Willem Buiter and Anne Sibert , two LSE professors, says Iceland's banks credit rating has been in serious doubt for at least six months, hence the high interest rates.

Independent, 11-Oct-2008, page 44,45
Man with a plan
They say: "I think because Paul is classless he is seen to be accessible by people from a wide range of backgrounds. And he has a very sure touch." Sir Howard Davies, trustee of the Tate Gallery on Paul Myners.

11/10/08 20:57 ((The Telegraph))
Financial crisis: firemen look to douse the worldwide panic
Another epoch-defining week saw stock markets across the globe plummet as Iceland's banks collapsed and the Government announced its 'balti bail-out' to prevent the UK's lenders going the same way. "The UK has done the right thing," said London School of Economics professor and former Monetary Policy Committee member Charles Goodhart. "The onus is now on the US and Europe to act."

LSE online

12/10/08 17:40 ((Cape Times +1))
Crash: the ghosts, and the fears
A similar point was made by economist Dr. Jon Danielsson, an expert on financial crisis at the London School of Economics.

12/10/08 13:27 ((Calcutta News))
Get well soon: Fans across the globe wish Bachchan
'I have been following his films since childhood as I am a great fan of his. I can't think of his going down on health. He should really not stress himself that much at this age as he is above 65 and cut down on his work,' Sabitri Chakraborty, an M.Sc student at the London School of Economics, said.

12/10/08 08:46 ((Zee News))
Britain: Museum buys Rubens sketch
The Tate Britain museum bought a rare sketch by Peter Paul Rubens with help from several art and heritage foundations to keep it from being sold abroad, the museum said. "The Banqueting House ceiling is the most important painting set within an architectural context in England, and this sketch is the key to its composition," said David Starkey, a former history professor at the London School of Economics who now works as a broadcaster and writer. 

12/10/08 06:50 ((climate development | Worldwide/General | ))
Climate Will Add $100B to Development Costs
Failure to factor climate change into the Millennium Development Goals was a major mistake, Lord Nicholas Stern told a meeting in London this week.

11/10/08 11:02 ((This Is Plymouth))
Council tax bills 'could rise for 25 years'
Council leaders last night moved to reassure taxpayers amid claims that the Icelandic banking crisis could see bills rise for the next 25 years. But Tony Travers, local government expert at the London School of Economics, warned that councils would have to increase bills. He said: "Something has got to give. If it's not council tax then it will be service cuts. What could happen is councils borrow money.
Also in
11/10/08 10:39 ((This Is Nottingham))
Council's lost cash 'could mean cuts'
11/10/08 09:21 ((Norwich Evening News))
Council defends Icelandic investment

11/10/08 09:21 ((Red Orbit))
Alcoa Stays Sustainability Course
London School of Economics and Political Science, Centre for Environmental Policy and Governance is an academic partner.

11/10/08 03:49 ((Kansas.com))
US Treasury to buy bank shares as G-7 vows action
"One of the biggest lessons of the Great Depression is that countries only acted in self-interest, and if countries act in self-interest the chance of failure is much higher," said Jon Danielsson, an economist at the London School of Economics. "There is an increasing realization that the way out is for the large industrial nations to act with a single voice." 

10/10/08 11:43 ((Public Finance))
Tax reforms reach freezing point, by Tony Travers
The Conservatives' proposal to encourage town halls to hold down council tax might be electorally popular in the short term, but does not solve the underlying drawbacks of a creaking local system. Tony Travers is director of the Greater London Group at the London School of Economics. 

10/10/08 17:16 ((This Is London (Evening Standard)))
So, farewell then Philip Cowley...
Phillip, Professor of Parliamentary Government at the University of Nottingham, is possibly the most effective academic on the telly (with the honourable exception of the excellent Tony Travers, currently in full swing on the Iceland/councils crisis). 

10/10/08 15:27 ((Sueddeutsche))
Entwaldung kommt teurer als die Finanzkrise
Bereits 2006 hatte der britische Ökonom Nicholas Stern gewarnt, die Kosten der Erderwärmung könnten fünf bis zwanzig Prozent des weltweiten Bruttosozialproduktes betragen.
Also in
10/10/08 14:45 ((Wedel-Schulauer Tageblatt))
News Schwund der Wälder «teurer als Finanzkrise 

LSE on TV/radio

Evening News
Professor Willem Buiter commented on the mayhem in the financial markets. (10/10)

BBC Radio 5 Live, BBC 2 - Newsnight, BBC 1 Breakfast
Tony Travers was interviewed about the Icelandic Bank problems.