Category Archives: World

Landsbanki Freezing Order 2008

The HM Treasury attempted to freeze all the assets of Icelandic Landsbanki bank in the UK. The order was approved by both Houses of Parliament on the 28th of October 2008. Landsbanki bank was placed into receivership in Iceland as the bank was one of the first of the global crisis to reach the brink of collapse. When this happened the powers that  be in the UK tried to get Iceland to put the burden of debt from this bank onto the Icelandic public. The prime minister of Iceland at the time refused and Landsbanki bank was put on the same list as Al qaeda and the Taliban. Continue reading Landsbanki Freezing Order 2008

Nigerian super rich

The super rich living amongst the super poor

The poverty rate in Nigeria is almost three times the size of the US’s poverty rate, but with an economy growing at more than 5% per year in Nigeria and a GDP of around $500 billion its’ difficult to comprehend how so many people can still be suffering. The first thing to keep in mind is that Nigeria has only been an independent Country since the 1960’s. The pre-colonial period was from around 1500 – 1800 and then the British owned the Country for over 150 years.¬† Continue reading Nigerian super rich