Washington’s inability to subjugate Iran is an example of how it is trying to preserve a regional order that no longer exists, argues RAMZY BAROUD
BRITAIN has one of the largest, least diverse, most complex and interconnected financial systems of the advanced economies.
In contrast to many other countries, the banking sector in Britain is dominated by a handful of large, shareholder-owned universal banks, whose main aim is to maximise shareholder return.
Britain is also unusual in that it lacks a significant local or regional banking presence — the market is overwhelmingly dominated by national and often internationally orientated banks.
These features contribute towards a number of social and economic problems.
US financial instability is exposing the limits of a dollar-dominated global economy — and giving the Global South a historic chance to build an alternative, says MURAD QURESHI
The best wildfire service may begin with the community, argues KOMAL RAJ ARYAL
The question is not simply how much we spend on defence, but what we understand defence and security to mean, says SIMON BRIGNELL
Can Andy Burnham’s programme deliver a productive economy – or merely a softer version of capitalism, asks VINCE MILLS



