ROB WARZYNIAK recalls the emblematic 1906 book, The Jungle, in its analysis of the crisis presently engulfing the US Food and Drug Administration
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Why are the big banks so keen on British single market membership?
Financiers are worried about their continued ability to control EU markets they do not have ordinary peoples best interests at heart, writes JOHN FOSTER
Welsh wanderings showcase fiery destruction, alternative water ways and revive memories of a local mining legend, writes MARK SEDDON
As thousands die in the eastern DRC, a global health emergency is being starved of funds, says S KRISHNASWAMY
MAT COWARD explains how in the 17th century a row over whether to kneel at communion became a battle over religion, class and royal power
Renewed illusions in social democratic reformism are sprouting as a result of Andy Burnham’s rhetoric, but material conditions are already intruding into the debate, argues NICK WRIGHT
Andy Burnham could learn a few lessons from a previous Labour government in the pre-privatisation era on how to tackle water shortages, writes KEITH FLETT
LAST week Goldman Sachs chief executive Lloyd Blankfein tweeted that it may be necessary for Britain to hold a second referendum on the EU. Too many CEOs, he claimed, “are not happy” with the result.
What is Goldman Sachs? It is the United States’ biggest investment bank. It is also the EU’s.
Last year Goldman Sachs handled 33 per cent of all EU mergers and acquisitions. Together with JP Morgan and Morgan Stanley, these three US banks handled 80 per cent of all company mergers and acquisitions in the EU. They also dominate most other financial services. They do so from London.
These banks are now worried about their continued ability to control EU markets from their still partly deregulated base in the City. They want to continue in London. But they want Britain to remain within the EU single market. Hence the pressure being placed on all political parties to modify their position in favour of single market membership.
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