BBC Business Headlines

Tax boss: 'No need to say sorry'
The UK's top tax man says he has no need to apologise after taking the wrong amount of tax from six million people.


Cowboy clampers turn to tickets
Motoring organisations are warning that the scourge of cowboy wheel clampers is likely to continue.


Royal Mail sell-off is confirmed
The government confirms it is to press ahead with a complete sale of Royal Mail, following an updated review of the postal service.


Economic forecast gloomy says IMF
The International Monetary Fund says recent growth in the global economy is likely to slow towards the end of the year.


IMF releases new loan for Greece
The International Monetary Fund (IMF) formally approves the second installment of a rescue loan to Greece.



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Business Blogs

NY Times Economix

For Whom Does the Health Insurance Broker Work?
The health care overhaul is unlikely to endanger brokers, but their role in bringing together providers and the insured will continue to raise potential conflicts, an economist writes.

The Most Generous Countries on Earth
The United States is the fifth most generous country on earth, according to a new ranking from the Gallup World Giving Index.

What We're Reading: Health Spending for the Obese
Links from around the Web.

More Children Being Raised by Grandparents
A study finds that the number of children being raised by their grandparents has increased since the recession began.


Paul Krugman
Making A Pilgrimage To The Land Of My Fathers
A tree grows ...Read more...


Current Events

Flight Capital: The Alarming Exodus of America's Best and Brightest Flight Capital: The Alarming Exodus of America's Best and Brightest
by David Heenan

The United States has always attracted talented immigrants who created wealth and intellectual capital for their adopted nation. Today, more than half of the Ph.D.s working in the U.S. are foreign born. Immigrant brainpower has never shone brighter. There's just one problem: Now it's going home.



The Battle for Social Security: From FDR's Vision to Bush's Gamble The Battle for Social Security: From FDR's Vision to Bush's Gamble
by Nancy J. Altman

In the chaotic aftermath of September 11th, millions of Americans reached into their pockets to contribute to the red Cross and other charitable organizations assisting victims' families. But the most immediate, sustained, and generous support came from Social Security.



Bait and Switch: The (Futile) Pursuit of the American Dream Bait and Switch: The (Futile) Pursuit of the American Dream
by Barbara Ehrenreich

Barbara Ehrenreich's Nickel and Dimed explored the lives of low-wage workers. Now, in Bait and Switch, she enters another hidden realm of the economy: the shadowy world of the white-collared unemployed.



Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy
by Matthew R. Simmons

Without question, Saudi Arabian oil fields provide the rest of the world with its most plentiful, low-cost oil resource. The question is how long can they continue to keep these critical pipelines open. Twilight in the Desert answers that question with keen examination instead of unsubstantiated posturing.



The Washing Machine: How Money Laundering and Terrorist Financing Soils Us The Washing Machine: How Money Laundering and Terrorist Financing Soils Us
by Nick Kochan

Money laundering schemes are used to fund terrorists, evade taxes, sell arms, or accumulate obscene amounts of wealth. They divert money from every honest person into the pockets of criminals.