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Here, where I am, the sun peaks out now and then and there’s that smell, you know, of earth outside. And I found a few snowdrops, just outside our front door! In Davos the sun has also been out and one of my favourite BBC reporters, their financial guy Robert Peston has interviewed Richard Branson. [...]

we’ve got to capitalize it as a bank,” Lord Turner said. It’s a quote from this article on CNBC, which briefly explains the ideas behind the bank rescue packages both here in the UK and in the US. The heart of the matter is the so-called Bad Bank (just Google it if you want to [...]