Whatever happened to the Great Depression? Not the real one from 70 years ago, the lost decade of unimagined misery and Steinbeckian angst, the worst period in the history of modern capitalism. I mean the replay we were promised this year. The one we were told was the inevitable counterpart to the greatest financial crisis since a couple of medieval Italians first sat down on a Florentine bench and invented the word bank.

Added: 2008-05-06

Steinbecks grapes lack wrath this time around

Category: varial news

UK Drug firms to slash workforce by 10pc

The beleaguered UK pharmaceutical industry has cut more than 10pc of its workforce, or 8,000 employees, over the past three years, figures from the Association of the British Pharmaceutical Industry (ABPI) show.

Uniq to slash 390 jobs as costs jump

Uniq, a maker of trifles and puddings for supermarkets, has unveiled plans to slash up to 390 jobs.

Mortgage debt fears hit banks' shares

Bradford & Bingley's shares slumped to a record low amid fresh fears about the mortgage market.