Money, Credit, Britain, America, Economy, Recession

Taking the Credit

Church of England Article By Lord Taylor of Warwick Credit crunch, housing slump, sub-prime mortgages, recession… These words seem to dominate our headlines. For many, even in relatively rich countries like America and Britain, these words are striking fear. They threaten the very peace and stability of individuals and their families. It is difficult to imagine a time before money. …

Economy, Lord Taylor of Warwick

Economy

Someone once said, “Greed is good”. That was the dreadfully misguided mantra of Gordon Gekko. He was the mercenary financial trader, a character played by Michael Douglas in the Oscar-winning Hollywood film “Wall Street” in 1988. The film ended with Gekko in ruins when his greed backfired, but Oliver Stone, the film’s director, was dismayed to see that Gekko became …